Heads up. American banks don't have enough cash for large withdrawals. So if you're not already out, do something before the ponzi collapses.
The saddest peons are those who work in bureaucrazy institutions doing call support with mid level managment titles and who promote more redtape and blocking, and enjoy their smol power trip uselessness.
Good news! Most people are broke as fuck with nothing to take out.
…and now I’ve made myself sad.
Even under the best conditions it takes a week or two to get your money out to Bitcoin
yeah that time lag is a big indicator there isn't enough liquidity. when it drags to 1 month and then they will have size restriction withdrawls then we are on way to argentina
As someone who makes a living moving money around through banks, the time lag is basically never zero. ACH is always 1-3 days. Wires are “same day” unless they miss the cut off. They are always introducing artificial delays for liquidity. But you’re right, the tell is when those delays get conspicuous
Something new or the same old stuff? I stopped looking at balance sheets after I learned fiat is screwed.
Unfortunately I have many still relying on it, and likely will until it leaves them high and dry.
You mean, because of the swap-line issue?
"Every economy is a ponzi except the shitty 3rd world shit hole that I reside in" - vibes
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