Why do the normal folk (normies) not care about the bank failures and bailouts?
Right answers only
Discussion
They are FDIC insured. I heard this at least 10x this weekend.
They weren’t told to care
Do they not see the consequences of FDIC insurance, or do they just not care?
They don’t see the consequences. Only one of 8 became concerned with the 1.26% FDIC coverage stat and we had a good orange pilling session yesterday. The rest say that the US would never allow banks to fail and hurt their citizens.
I wonder how often they will need to do what they did yesterday?
Lol. I had a buddy say "Don't we have insurance up to $250k? I think I heard that somewhere. Could be wrong."
they don't knoww
They think the government cares about them and will fix it.
They don’t know a way out of the system.
Focus on immediate concerns: Some people may be more focused on immediate concerns such as their job, family, and personal finances, and may not have the time or energy to think about larger economic issues.
Business as usual. The government will help out of there is a crisis. 'Everything will be fine' 🤷
Many people may not fully understand the complexities of banking and finance, and therefore do not fully grasp the significance of bank failures and bailouts.
They haven't been told to
Their social media algorithms are only feeding them unimportant drivel
because this doesn’t affect me, I have a few hundred in checking
they don’t math good
They don't think it can happen to them. People need pain to learn.
85% of people cannot think for themselves or are capable of creative thinking.
As long as the party line is : “Trust us, you’re deposits are safe, FDIC insurance.” They’ll repeat it over and over again.
They’re like the proverbial frog in the cooking pot: Slowly boiled over time via inflation and completely oblivious to it, and to the fact that there is no lid on the pot yet.
Soon the lid will be called CBDC and they’ll then use that as an excuse to not opt out of fiat.
They’re not bad nor evil, they’re the same people who’ll adopt a BTC standard when it becomes “The current thing.”, so it’s up to us to increase adoption fast.
Your post is causing quite a stir.
Added to the https://member.cash/hot feed
Because it doesn’t effect them…yet!
