An expert in economics is warning that the Biden administration may be looking at ways to lock down your checking account – literally ban withdrawals from the banking system.
The teams Biden has installed in power in the federal government already have moved to force you to buy an electric car, limited the kinds of appliances you can buy, censored the questions you can raise about fair elections and much more.
Now the next step could be your bank account, according to macro economics guru Hugh Hendry.
A report at The Daily Hodl explained Hendry was in an interview with Bloomberg Markets when the questions of mass panic and capital flight came up.
He said the moves away from the U.S. banking system, which recently has seen several major institutions fail, is justified.
The report explained, “Hendry says a further decline in the M2 money supply, which in part tracks money in liquid checking accounts, could convince the U.S. government to step in and prevent citizens from taking their capital out of the banking system.”
“Sometimes it’s kind of relevant to panic. I would recommend you panic… You’ve seen the biggest waterfall decline in M2 right now. M2 is deposits, not loans. That’s the deposits fleeing the system and going into money market funds,” he explained. “That could reach a crescendo where the Treasury and the Fed may have to come in and actually restrict your right as a U.S. citizen to pull money out of the U.S. banking sector.”
I do believe this is unconstitutional, however he will continue sticking it up our asses until stopped. Republican lawmakers, get off your lazy asses and stop this Motherf****r. Really, when are our elected officials going to realize obiden is running flat out to destroy our country as fast as he can. DO SOMETHING NOW
Then the Banks will get ROBBED if they try that shhht !!!