Bank of America GLITCH Creates Havoc as Customers LOCKED OUT of Bank Accounts!

in #money7 years ago

Don’t panic! There’s nothing to worry about. This was just a glitch. The banking system is safe. Your money is safe. There is no reason to believe that the place where you keep your hard earned savings would ever have any major issues. And now back to reality.


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In This Episode:
Don’t panic! There’s nothing to worry about. This was just a glitch. The banking system is safe. Your money is safe. There is no reason to believe that the place where you keep your hard earned savings would ever have any major issues. And now back to reality.

stocks stock market tech trades trading trade bond treasury gold silver US dollar flash crash

Customers shut out of accounts for hours during Bank of America system outage | Miami Herald
http://www.miamiherald.com/news/business/banking/article162478473.html
Tech Stocks Eclipse Record from Dot-Com Era - MoneyBeat - WSJ
https://blogs.wsj.com/moneybeat/2017/07/19/techstocks/
Wall Street at new highs as tech breaches dot-com era record
https://www.reuters.com/article/us-usa-stocks-idUSKBN1A413N
As paperwork vanishes, private student debts may be wiped away - San Francisco Chronicle
http://www.sfchronicle.com/business/article/As-paperwork-vanishes-private-student-debts-may-11300505.php
Why universal basic income is gaining support, critics - San Francisco Chronicle
http://www.sfchronicle.com/aboutsfgate/article/Why-universal-basic-income-is-gaining-support-11290211.php
Taking antidepressants in pregnancy may raise risk of an autistic child, study suggests
http://www.telegraph.co.uk/science/2017/07/19/taking-antidepressants-pregnancy-may-raise-risk-autistic-child/

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Do you personally believe that they run BETA TESTS like this? (Not specifically this time)

A test for the real thing when they really shut down for good

Proof the our money is not safe in the bank. System can be shutdown for 1 day or it can be 1 week even 1 month

Whatever the reason, it shows the vulnerability of a centralised system.

Next collapse and tax-payer bailout on its way ??

iceland banks.jpg

I want to be on those drugs too hehe.. spot on gps!

I'm looking at the same S&P tech sector chart and I see the same level of euphoria as there was in the earlier internet bubble. Yeah it's rise is a bit more gradual, but it's gone parabolic. This won't last.

A good, thoughtful post as always. The bank outage shows how our dependence on technology exposes us to new risks. I expect that will be one of the lessons we take away from the next financial episode. An argument for physical silver and gold coins as currency.

After watching your video I did a quick search on how many bank glitches there have been around the world in 2017 alone:

https://steemit.com/money/@idealsceneprod/is-your-money-safe-at-the-bank

I strongly agree ❗️Universal income is just another elitest pipe dream . What we need to do is go back to basic principles of economics . We need to have land so we can grow our own food , livestock , trade and barter . Which by the way you can look this up but during the Ronald Reagan administration they tried to outlaw trade and barter with the argument being that people would swindle the government out of taxes ⁉️🤦🏼‍♂️Yes this is your fucked up goverment thinking for them and not for you .

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