Trump administration is looking to abolish the FDIC.

[Vandelay]

Partial tinfoil hat here, but would make for a further move to replace the dollar and go to crypto.

These people are insane

I been saying this.

Reddit cacs copied posts on here from me because they thought it was an absurd idea.

These are absurd times.

All this admin wants to do is enrich themselves, because they desire oligarchy. It's eventually not about money, but maintaining power.

We're literally in the worst fukking timeline.

 

[Rekkapryde]

Serious question, why do you all avoid Higher Learning?

Mods should be moving topics to the forums they belong in.

 

[Wiseborn]

Just changing shyt for the sake of changing it. Why not attack the real problem and that's the lack of money instead of creating a possible bigger lack.

Theres more than enough money out there breh

 

[Wiseborn]

Trump is an unserious dude

 

[Rekkapryde]

No doubt. I mean what could possibly go wrong if you remove economic and societal safe guards that were created because of the depression? It is similar to what could possibly go wrong if a lifelong grifter who is convicted felon with ties to a foreign adversary were elected President? Release the clowns and let it be what it be.

they've already done it at the environmental level.

we all know how policing yourself as corporations work out.

 

[br82186]

Whoa this aint no democrat or republican shyt this is just stupidity

nikkas gonna see their bank stock is down and rush to take their money out.

Housing starts go through a downturn in a market and people start putting in in their mattress and bitcoin

That's the aim. Elon's bytchass and his love for Bitcoin

 

[Fillerguy]

I may hit 6 figures, passively, before I'm 40. Job security like mf .

Sorry America, thanks

Let demons into your house then wonder why your house burnt down, brehs.

 

[Robbie3000]

Welp some true robber baron shyt is about to go down. This is what the people wanted so let's get to it.

People saw how Must decimated Twitter and they said, let’s elect the guy that will give him power over our government. Let the madness commence.

 

[Savvir]

...but it doesn't fukk over corporations whatsoever...it actually allows banks to do stupid shyt because of the guise of protection

This one is really bizarre.

FDIC does audits on bank’s debt leverage to make sure they have a certain percentage of liquid capital. Removing them would allow corporations to do wild shyt without having to keep their books solvent.

 

[Wiseborn]

That's the aim. Elon's bytchass and his love for Bitcoin

He called his fake agency Doge

I might buy some Dope and sell it to get more bitcoin

I wonder whats Trumps cut?

I cant see even the senate going for this though

 

[Adeptus Astartes]

Bank run when?

 

[Samori Toure]

FDIC does audits on bank’s debt leverage to make sure they have a certain percentage of liquid capital. Removing them would allow corporations to do wild shyt without having to keep their books solvent.

Which will lead to runs on banks. If the FDIC is gone and depositor accounts are not at least minimally insured then things are going to get grizzly for regular folks.

 

[-DMP-]

How does this help with grocery prices

 

[AyBrehHam Linkin]

Elon looks so fukking retarded in that picture omg

 

[BaggerofTea]

Trump is an unserious dude

I disagree,he is very serious.


very serious about enriching himself and concentrating money and power into as few people as possible