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The Water Cooler
General Discussion
SVB guess I’ll post a thread since no one else has I can see
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<blockquote data-quote="SlugSlinger" data-source="post: 3988087" data-attributes="member: 7248"><p>With treasuries paying over 5% and savings accounts paying nothing, guess where I moved my money? And guess where more and more are moving their money?</p><p></p><p>Know what happens when savers or investors can earn 500% more somewhere else in a risk free investment? They move their money.</p><p></p><p>What happens when anyone with a brain decides to move their money out of the bank that can’t compete with the .gov? Bye bye bank.</p><p></p><p>Who regulates the banks? Who sells T bills?</p><p></p><p>The.gov is competing against these banks and are pushing them to insolvency.</p><p></p><p>Treasuries dropped Friday but here are the current rates. These are as risk free as you can get. If these fail, the .gov has failed.</p><p></p><p>[ATTACH=full]356434[/ATTACH]</p></blockquote><p></p>
[QUOTE="SlugSlinger, post: 3988087, member: 7248"] With treasuries paying over 5% and savings accounts paying nothing, guess where I moved my money? And guess where more and more are moving their money? Know what happens when savers or investors can earn 500% more somewhere else in a risk free investment? They move their money. What happens when anyone with a brain decides to move their money out of the bank that can’t compete with the .gov? Bye bye bank. Who regulates the banks? Who sells T bills? The.gov is competing against these banks and are pushing them to insolvency. Treasuries dropped Friday but here are the current rates. These are as risk free as you can get. If these fail, the .gov has failed. [ATTACH type="full"]356434[/ATTACH] [/QUOTE]
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The Water Cooler
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SVB guess I’ll post a thread since no one else has I can see
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