Quick! Pull your money out of your savings account!

[ARCHIVED THREAD] - Quick! Pull your money out of your savings account! (Page 1 of 3)

Posted: 1/27/2021 7:24:36 PM EDT

Institutions are pulling their funds from M2 to M1 but no one is alerting the general public. Something is about to happen. You’re all fooked!

Is the Spike in M1 a Harbinger?

https://www.youtube.com/watch?v=HXkTEWldTfk

Attached File

Posted: 1/27/2021 7:25:42 PM EDT

[#1]

Savings account?

I'm not a boomer.

Posted: 1/27/2021 7:25:54 PM EDT

[#2]

Jokes on them, my savings are in GME.

Posted: 1/27/2021 7:26:26 PM EDT

[#3]

Quoted:
Institutions are pulling their funds from M2 to M1 but no one is alerting the general public. Something is about to happen. You’re all fooked!

https://www.youtube.com/watch?v=HXkTEWldTfk

/media/mediaFiles/sharedAlbum/It_s_Happening_Isn_t_It-117.gif

View Quote

And what? Even if you have cash on hand, it won't change anything; you'll just have more toilet paper on hand.

Posted: 1/27/2021 7:26:41 PM EDT

[#4]

Just pulled half my 401k on a loan....so we gucci

.mil bonus hit the S-fund right when it was at its lowest in 2020....so i'm sittin on YOLO gains...not worried about pulling it now. Gonna pay off some debt, and finish my basement.

Posted: 1/27/2021 7:27:12 PM EDT

[#5]

Nothing in my saving account but lead.

Posted: 1/27/2021 7:28:04 PM EDT

[#6]

Wait.. It isn't Monday.

Posted: 1/27/2021 7:28:14 PM EDT

[#7]

Whenever I see or hear the word "harbinger" I get hungry.

Posted: 1/27/2021 7:30:34 PM EDT

[#8]

What is a savings account?

Posted: 1/27/2021 7:30:53 PM EDT

[#9]

Please explain...in simple, basic terms us public school kids can understand. Please.

Posted: 1/27/2021 7:31:26 PM EDT

[#10]

Attached File

Posted: 1/27/2021 7:33:19 PM EDT

[#11]

I found a vid to help with insomnia.

Thx op!

Posted: 1/27/2021 7:33:47 PM EDT

[#12]

lol all my money is in crypto

Posted: 1/27/2021 7:34:05 PM EDT

[#13]

I have 95k in mine.

Let's get it on!

Posted: 1/27/2021 7:34:24 PM EDT

[#14]

Gold salesman.

Posted: 1/27/2021 7:34:51 PM EDT

[#15]

In for another big nothingburger.

Posted: 1/27/2021 7:36:45 PM EDT

[#16]

"lol"

-DK Prof

Posted: 1/27/2021 7:37:15 PM EDT

[#17]

That’s interesting...I would note that just because you have a “savings account” doesn’t mean it is not a Demand Deposit account.

Posted: 1/27/2021 7:38:43 PM EDT

[#18]

They know there's gonna be a run of basement dwellers when they cash out their GME profits on Friday.

Posted: 1/27/2021 7:39:38 PM EDT

[#19]

Quote History

Quoted:
Whenever I see or hear the word "harbinger" I get hungry.

View Quote

Me too

Posted: 1/27/2021 7:39:59 PM EDT

[#20]

I keep all my money in my bra

Posted: 1/27/2021 7:40:53 PM EDT

[#21]

Quote History

Quoted:
https://lh3.googleusercontent.com/proxy/0n2pGxxF3BLThK878HF_WacZ6aXARvXpNnxZe57JTHxUa4QTbsMooPG-lvW7nze83LPbmEwdK4xbW4IuPE08zVKwGgg1AMA50yZ1U4UYH0S5aSlEyy18dMczqZqcRUYMm0-qfVe1yoP6xGswbig9EGl2eY01YkRTLcs

Please explain...in simple, basic terms us public school kids can understand. Please.

View Quote

He’s looking at different classifications of deposit accounts being reported in money supply numbers. There are unusually large jumps and based on the segmentation he identified that the shift was from non-Demand deposit accounts (enforcement of 7 day written withdrawal notice is a bank option) to Demand deposit (balance available on demand) accounts. Those large short term numbers can only be big money, not consumer action. The question is why?

Gist is big money moving to Demand accounts for easier access.

Posted: 1/27/2021 7:41:13 PM EDT

[#22]

I only take financial advice from the commercials during the Glenn Beck show

Posted: 1/27/2021 7:41:15 PM EDT

[#23]

I'll just smile and wave goodbye. Sittin' on a sack of seeds.

Posted: 1/27/2021 7:41:21 PM EDT

[#24]

Interesting....more info on this?

Posted: 1/27/2021 7:41:26 PM EDT

[#25]

Getting financial advice from youtube is worse than getting financial advice from arfcom.

Posted: 1/27/2021 7:42:53 PM EDT

[#26]

Quote History

Quoted:
I keep all my money in my bra

View Quote

Weird, so do I.

I've been wondering when you'd notice

Posted: 1/27/2021 7:42:55 PM EDT

[#27]

In on this hype and stupidity.

Posted: 1/27/2021 7:43:02 PM EDT

[#28]

Attached File

Let's get this party started!

Posted: 1/27/2021 7:43:54 PM EDT

[#29]

its coming.

Posted: 1/27/2021 7:44:15 PM EDT

[#30]

Quote History

Quoted:
Getting financial advice from youtube is worse than getting financial advice from arfcom.

View Quote

In this case an advisor may not tell you to move the money, lose 1% on a money market to make sure your govt doesn’t (completely) fuck you?

Posted: 1/27/2021 7:44:16 PM EDT

[#31]

Quote History

Quoted:
Getting financial advice from youtube is worse than getting financial advice from arfcom.

View Quote

So you're saying it's actually a good idea to put all our money in beans, bullets, and gold?

Posted: 1/27/2021 7:44:39 PM EDT

[#32]

Attached File

Posted: 1/27/2021 7:45:18 PM EDT

[#33]

hmmmm crap.... that is ODD... I have been watching M1 going WTF this is NOT good.... Something is afoot... lol this isn't as bad as I was thinking.... BUT we don't even know WTF this means or is yet..... So maybe I shouldn't say that. Moving some money tomorrow. Thanks OP.

Posted: 1/27/2021 7:46:04 PM EDT

[#34]

Quote History

Quoted:
Wait.. It isn't Monday.

View Quote

Correct response.

Posted: 1/27/2021 7:46:33 PM EDT

[#35]

Paging Miss Cleo to the courtesy phone please...

Posted: 1/27/2021 7:47:30 PM EDT

[#36]

Quote History

Quoted:
Whenever I see or hear the word "harbinger" I get hungry.

View Quote

Double harbinger with cheese.

And I'll have a Coke.

Posted: 1/27/2021 7:47:39 PM EDT

[#37]

My savings are in fidget spinners. On Monday I'm gonna make millions.

Posted: 1/27/2021 7:47:51 PM EDT

[#38]

Quote History

Quoted:

He’s looking at different classifications of deposit accounts being reported in money supply numbers. There are unusually large jumps and based on the segmentation he identified that the shift was from non-Demand deposit accounts (enforcement of 7 day written withdrawal notice is a bank option) to Demand deposit (balance available on demand) accounts. Those large short term numbers can only be big money, not consumer action. The question is why?

Gist is big money moving to Demand accounts for easier access.

View Quote View All Quotes

View All Quotes

Quote History

Quoted:

Quoted:
https://lh3.googleusercontent.com/proxy/0n2pGxxF3BLThK878HF_WacZ6aXARvXpNnxZe57JTHxUa4QTbsMooPG-lvW7nze83LPbmEwdK4xbW4IuPE08zVKwGgg1AMA50yZ1U4UYH0S5aSlEyy18dMczqZqcRUYMm0-qfVe1yoP6xGswbig9EGl2eY01YkRTLcs

Please explain...in simple, basic terms us public school kids can understand. Please.

He’s looking at different classifications of deposit accounts being reported in money supply numbers. There are unusually large jumps and based on the segmentation he identified that the shift was from non-Demand deposit accounts (enforcement of 7 day written withdrawal notice is a bank option) to Demand deposit (balance available on demand) accounts. Those large short term numbers can only be big money, not consumer action. The question is why?

Gist is big money moving to Demand accounts for easier access.

Because they know the Biden administration is about to go balls deep toward The Big Reset.

Posted: 1/27/2021 7:48:37 PM EDT

[#39]

Quote History

Quoted:
I keep all my money in my bra

View Quote

If you're going to spend it at Dollar General, take your money out before you get to where the cashier can see you. If they see you, they won't take it.

They have signs and everything.

Posted: 1/27/2021 7:50:36 PM EDT

[#40]

It is impossible to move money from M2 to M1 as I understand it.

M2 includes M1.

M1 is cash, while M2 is cash, savings accounts and money in the bank.

What the chart shows is there's more cash being created. That spike says something will happen, which is always true because something always does happen, so I guess a more useful statement is something out of the ordinary is occurring.

I have no idea how to respond to that spike though.

Posted: 1/27/2021 7:50:51 PM EDT

[#41]

My savings account is in my safe in $100 bills. I have no use for banks other than my direct deposit

Posted: 1/27/2021 7:51:42 PM EDT

[#42]

Attached File

Posted: 1/27/2021 7:52:23 PM EDT

[#43]

The stock market spooked bad today. Another day or two like today, and factor in the shit Biden is doing, and panic will set in. Pre-market is down sharply. A stampede is building and the market will crash just like Trump predicted. Cash will be king soon. At least until we become the Weimar Republic.

Posted: 1/27/2021 7:52:29 PM EDT

[#44]

Thank God I'm Broke.

Posted: 1/27/2021 7:53:36 PM EDT

[#45]

Quote History

Quoted:
Getting financial advice from youtube is worse than getting financial advice from arfcom.

View Quote

Substitute 'news' for 'financial advice' and it's still true.

Posted: 1/27/2021 7:54:21 PM EDT

[#46]

Quote History

Quoted:
It is impossible to move money from M2 to M1 as I understand it.

M2 includes M1.

M1 is cash, while M2 is cash, savings accounts and money in the bank.

What the chart shows is there's more cash being created. That spike says something will happen, which is always true because something always does happen, so I guess a more useful statement is something out of the ordinary is occurring.

I have no idea how to respond to that spike though.

View Quote

Getting ready for the next round of stimulus payments?

Last one my bank was slammed when I went to drop of business deposits. I assumed it was people pulling out money or moving it around.