If I was to have money in the bank I would be seriously considering withdrawing it right about now. Contagion has crossed the Atlantic and we all know how fast contagion whether real or imagined spreads further.
The threat that banks are insolvent becomes real when people believe it’s real. Bank runs begin when people value holding their assets more than their belief in the latest banking narrative.
Learn from recent history before your hard earned capital gets bailed in to support institutions who view you as a source of revenue.
SatoshiSamurai
npub14t…5d5f6
2023-03-16 09:03:41
Author Public Key
npub14tgre8e992pq2njqankr3m620j7efykf3xer4mfcv5p6drs6u24qw5d5f6Published at
2023-03-16 09:03:41Event JSON
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"content": "If I was to have money in the bank I would be seriously considering withdrawing it right about now. Contagion has crossed the Atlantic and we all know how fast contagion whether real or imagined spreads further. \n\nThe threat that banks are insolvent becomes real when people believe it’s real. Bank runs begin when people value holding their assets more than their belief in the latest banking narrative. \n\nLearn from recent history before your hard earned capital gets bailed in to support institutions who view you as a source of revenue.",
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