Sadly it makes sense….

Written by Michael E Dehn

Founder and CEO of Metro Pulse a continually running enterprise since May 1980.

May 8, 2023

unusual_whales

@unusual_whales

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The Treasury and the Fed may have to come in and actually restrict your right as a US citizen to pull money out of the US banking sector, due to capital flight from the US banking system, Hugh Hendry said on Bloomberg.

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Elon Musk

@elonmusk

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Replying to

@unusual_whales

They’ve created a massive gap between money market account (Treasury Bill) interest rates at ~4.5% and bank account interest rates at <1%. That’s a massive incentive to move money out of bank accounts!

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