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Fear mongering or scaremongering is the deliberate use of fear based tactics including exaggeration and usually repetition to influence the public in order to achieve a desired outcome.
originally posted by: xuenchen
I wonder if anyone doubts this just because it's Trump saying it?
The 2008 "crisis" was a derivative collapse remember, and all we heard before the fall was good news.
Does anybody know what the banks are doing right now to "prevent" the next collapse?
Trump warns of massive recession, martial law, riots and crime waves in U.S.
Under the auspices of "protecting clients from criminal activity," JPMorgan Chase has decided to impose withdrawal limits on certain ATM transactions. As WSJ reports, following the bank's ATM modification to enable $100-bills to be dispensed with no limit, some customers started pulling out tens of thousands of dollars at a time. This apparent bank run has prompted Jamie Dimon to cap ATM withdrawals at $1,000 per card daily for non-customers.
J.P. Morgan Chase & Co. capped ATM withdrawals at $1,000 per card daily for noncustomers—cracking down as people started pulling out tens of thousands of dollars at a time when the bank was modifying its machines to dispense hundred-dollar bills with no limit.