The only justice in a post-truth society is vigilantism... the "do what thou wilt" mindset they operate in can be directly countered by doing what we want back to them.
“Do as thou wilt” is a satanic philosophy. I doubt you want to be a satanist, but if so, you might as well try out for their team. Vigilantism isn’t just doing what you want, its doing what’s right based on objective morality, when the system you live in refuses to
Their philosophy is very tempting, and seems like an easy solution, but before you know it you can end up one of them
We should definitely study them to learn their mechanics though. Knowledge is power, but learning how to use that knowledge efficiently is greater power. We lose when we play the game they set up for us without thinking ahead
I guess we shouldn't have the death penalty then. /s
The Golden Rule's not hard to understand. If you execute a sociopath, yeah, expect to get killed yourself some day. It's a necessary sacrifice for societal order. Pacifism is suicidal in all cases and a horrific display of vanity.
Too many people twist inaction into a virtue when it is cowardice. If you stand by and watch as somebody gets raped and murdered you are fucking evil.
Nobody is advocating for inaction. But there is a difference between saving someone that you witness being raped and/or murdered, and saving an entire civilization that is being raped and murdered by a group of sociopaths that have been planning this out for decades.
So you got the big brain and big balls. What’s the solution, chief? What’s the plan?
The solution is enough people that agree with this sentiment need to band together and use physical FORCE, and need be VIOLENCE, to correct things. If we talk. If it's merely lone actors. If it's merely lawfare. Then nothing changes. But thing shave to hit a critical mass for that to happen and probably be sparked by some chance event.
If anything it would be some rando who snaps one day and goes all Falling Down, kills a dozen feds and either miraculously survives and develops a following, or gets suicided but turned into a martyr igniting a movement.
No one wants to be the first one to do something and get Rittenhoused.
Indeed! And the self is a major pillar of satanism. Look at how our society (worldwide) has become self centered over the decades, especially through social media. The reality we are living in is based on the aggregate. The collective (with exception to a few of us) has been convinced it’s all about us as an individual, and as a result put a lot of people in a satanists mindset without even knowing it. The troubles we are currently experiencing in our world/reality are due to our collective immorality as a species. It’s boiled down to cause and effect
We truly are fighting an uphill battle now that the veil has been lifted, and a lot of us are starting to see things for what they are, even the NPC types. The demons have set the playing field well in advance and know the game multiple steps ahead. I believe vigilantism is inevitable, but I also believe that we can even the playing field without violence, if we can get back to being a moral society. Our country’s ideals were founded on objective morality, and it thrived because it was a mostly moral country
I know we can get back to being a great society, through an uphill battle
They know nothing will happen to them. Maybe a bad day of press or so but the money went to the right people and it will be another "What is Good for Wall Street (SVB) is Good for Main Street. They will say a bunch of the little guys pensions are tied up in this scam and the UniParty will come to the rescue and wave their finger at them in some sham Senate Hearing and say "Don't do that again (wink, wink)
Here we are again. In the 90s the Dems decided everyone deserved a home. Even those who couldn’t afford it so we made the banks create products that put unqualified people in homes for a short time. Now, we give loans to people with bad ideas based on their victimhood status or fake climate fear and made the banks create products for unqualified customers with a high risk. And here we are again.
They were not "betting on government securities". Banks have complex regulatory requirements, and need to keep a certain amount of their assets in highly liquid, essentially cash-equivalent assets, and US Treasury securities meet that requirement. It's not the bank's fault that the federal government has been fucking around with the economy in a way that forced the Fed to raise interest rates, drastically reducing the market value of Treasuries at the same time that economic conditions combined with the interest rate hikes are hurting many businesses, including the tech industry which SVB is heavily exposed to. That's why SVB ending up taking a huge loss when it had to liquidate Treasuries.
This federal government-created situation is very simliar to the one that pushed Donald Trump's businesses into bankruptcy in the 1990s, in that the federal government was controlling interest rate movements, pushing many interest rate-sensitive businesses over the financial cliff. When the federal government is the one moving the cliff, blame the federal government, not the people and businesses going over the cliff.
It's not the bank's fault that the federal government has been fucking around with the economy in a way that forced the Fed to raise interest rates
you're arguing it's not the banks fault they entirely failed to manage their portfolio correctly given the nature of the customers they had. seriously.. how unforeseeable were interest rate hikes?
that's why they're the bank. they're supposed to know better.
That's really not what happened here. Without the media-driven run on SVB, it would still be doing okay. It was not fundamentally insolvent. There was also a role played by the Bank of England, which announced on Friday -- after the run had started, and spread to SVB's UK affiliate -- that it would be seeking a court order to place the UK affiliate into insolvency proceedings, even though there is no direct connection between the US-based SVB bank's financial condition and that of the UK entity. This has accelerated the contagion, causing artificial financial crises at unrelated banks in Europe.
This is a psychology-driven bank run. The financial and economic fundamentals don't support what is happening. There are perfectly solid businesses who had normal business loans with SVB, and per normal practice, were required to maintain their primary bank accounts at SVB. Many of those businesses are suddenly unable to meet payroll and pay vendors, even though they had plenty of cash on deposit at SVB and will get most or all of that cash back after some delay. The problem is what happens to their business during the delay, and this is not the result of any fundamental weakness in their business. And SVB itself is in much the same boat.
The SVB situation has nothing to do with giving loans for bad ideas. There is no information to suggest that SVB's liquidity crisis had anything to do with "unqualified customers" or defaulted loans.
The bonuses were for work done during 2022, and were previously scheduled to be disbursed on March 10.
It's normal for annual bonuses in the banking and securities industries to be paid out around this time of year. These are bonuses earned for the previous calendar year, and often employees have been informed of the exact amounts they'll be receiving a few weeks earlier. In addition, some employees' bonuses are contractually guaranteed minimum amounts, either as a percentage of some revenue target, or guaranteed at the time of an employment offer (usually for people hired relatively late in the calendar year, who will be missing out on the bonus they would have gotten from the employer they're leaving). For many midlevel and senior employees, "bonuses" may be a large portion (even the majority) of their total compensation.
There's nothing sketchy about these payouts. Legally, the employees who received them have claims on the money that are senior to any claims of uninsured depositors. In other words, if SVB ends up in bankruptcy court, the court would have no choice under the law but to order that these bonuses be paid out ahead of any payouts on uninsured deposits.
Also, the FDIC urgently needs a lot of the SVB employees to stay on the job for at least the next few weeks, in order to manage the FDIC takeover and prevent further losses. If the employees didn't get paid the amount they were already legally entitled to receive, many would take a hike and lawyer up, leaving total chaos at the bank, and causing even bigger problems for depositors and other customers. As noted in the article:
An unknown number of SVB employees were emailed by the FDIC on Friday evening, offering them employment with the remnant organization for the next 45 days. The employees would be compensated 1.5x times their normal salaries, while hourly workers would receive 2x their normal wages for overtime. An FDIC spokesperson tells Axios: "Without commenting on salaries, it’s our standard practice to ask retain [sic] bank employees to assist with an orderly transition as part of our resolution process."
I'm willing to collect articles like this over the weekend and send them to my Congressman on Monday when these MFs come around looking for us to bail them out. I hope that some of you will also contact your representatives.
Performance based bonuses in the financial sector are normally awarded about this time of year. My wife's bonus deposited on the 9th.
1.25x of salary this year, 2.5x last year as they did much better than the set benchmarks.
It's kind of their retention scheme. If you were to quit after receiving you run the risk of a partial bonus being at the next company for less than a year.
SVB is retarded enough as it is. There's no reason for additional pile on because muh bonuses.
Theoretically the money is still there, just tied up in various investment, but long and short term. A lot of those investments have probably lost value - they admitted to a 1B loss on Treasuries... But there must be something much bigger hiding in the books... Is it a huge stake in FTX or what else?
If it were actually a threat, you don’t think the government, at the least with its vast financial resources and unlimited printing press, wouldn’t also buy up a majority amount of the bitcoin and use that to exert control over its value, since it is by design a limited resource? They’ll then tax as much as they want from you since they can see every transaction you do on the ledger.
You can hate them, but got to give them credit. They hate us and still take our money to bail out their crimes. Evil pays off, at least here on Earth.
The only justice in a post-truth society is vigilantism... the "do what thou wilt" mindset they operate in can be directly countered by doing what we want back to them.
“Do as thou wilt” is a satanic philosophy. I doubt you want to be a satanist, but if so, you might as well try out for their team. Vigilantism isn’t just doing what you want, its doing what’s right based on objective morality, when the system you live in refuses to
Their philosophy is very tempting, and seems like an easy solution, but before you know it you can end up one of them
We should definitely study them to learn their mechanics though. Knowledge is power, but learning how to use that knowledge efficiently is greater power. We lose when we play the game they set up for us without thinking ahead
Therein lies the difference between us and them. They do what they want, everything is based in ego and selfishness.
We want what's best for not ourselves but our friends and families and community, but are afraid of doing what it takes to regain control.
Demons willing to do whatever it takes to get power, will do whatever it takes to maintain power. The only thing they respect is force and violence.
I guess we shouldn't have the death penalty then. /s
The Golden Rule's not hard to understand. If you execute a sociopath, yeah, expect to get killed yourself some day. It's a necessary sacrifice for societal order. Pacifism is suicidal in all cases and a horrific display of vanity.
Too many people twist inaction into a virtue when it is cowardice. If you stand by and watch as somebody gets raped and murdered you are fucking evil.
Well put.
The UniParty don't give a shit, as long as they get their cut of the action.
Nobody is advocating for inaction. But there is a difference between saving someone that you witness being raped and/or murdered, and saving an entire civilization that is being raped and murdered by a group of sociopaths that have been planning this out for decades.
So you got the big brain and big balls. What’s the solution, chief? What’s the plan?
The solution is enough people that agree with this sentiment need to band together and use physical FORCE, and need be VIOLENCE, to correct things. If we talk. If it's merely lone actors. If it's merely lawfare. Then nothing changes. But thing shave to hit a critical mass for that to happen and probably be sparked by some chance event.
If anything it would be some rando who snaps one day and goes all Falling Down, kills a dozen feds and either miraculously survives and develops a following, or gets suicided but turned into a martyr igniting a movement.
No one wants to be the first one to do something and get Rittenhoused.
No, if I execute a sociopath to safe guard society, I would expect to be executed for being a sociopath that is a danger to society.
If I engage in wanton violence and murder, then I would expect wanton violence and murder to visit me.
Hold your people to a higher standard through brutal means and expect the same applied to you.
You have to look at situational context to the action, not just the action by itself.
I'm pretty sure the Bible loves violence against evil. David vs Goliath. Did David call him mean names or break his skull? It's so hard to remember.
The church used to have a militant order to execute evil. It should reestablish it.
Indeed! And the self is a major pillar of satanism. Look at how our society (worldwide) has become self centered over the decades, especially through social media. The reality we are living in is based on the aggregate. The collective (with exception to a few of us) has been convinced it’s all about us as an individual, and as a result put a lot of people in a satanists mindset without even knowing it. The troubles we are currently experiencing in our world/reality are due to our collective immorality as a species. It’s boiled down to cause and effect
We truly are fighting an uphill battle now that the veil has been lifted, and a lot of us are starting to see things for what they are, even the NPC types. The demons have set the playing field well in advance and know the game multiple steps ahead. I believe vigilantism is inevitable, but I also believe that we can even the playing field without violence, if we can get back to being a moral society. Our country’s ideals were founded on objective morality, and it thrived because it was a mostly moral country
I know we can get back to being a great society, through an uphill battle
There is nothing satanic about an eye for an eye.
True sociopaths lack the capability for long-term planning. Stop watching TV.
gee, i wonder if crustycumrag is the one who downvoted this statement... passive god bothering fool can't stop clutching the tree
"Evil will always triumph, because good is dumb."
If I learned anything the past decade, it’s that “morals” have only hurt me and mine. Just sayin
evil is constantly eating its own tail don count good out of the battle.
Hunting season needs to be opened on these demons.
They know nothing will happen to them. Maybe a bad day of press or so but the money went to the right people and it will be another "What is Good for Wall Street (SVB) is Good for Main Street. They will say a bunch of the little guys pensions are tied up in this scam and the UniParty will come to the rescue and wave their finger at them in some sham Senate Hearing and say "Don't do that again (wink, wink)
Here we are again. In the 90s the Dems decided everyone deserved a home. Even those who couldn’t afford it so we made the banks create products that put unqualified people in homes for a short time. Now, we give loans to people with bad ideas based on their victimhood status or fake climate fear and made the banks create products for unqualified customers with a high risk. And here we are again.
The deep irony here is.. the bank lost most of the money betting on government securities.
They built a bomb in their own backyard.
Jerome Powell just lit the fuse.
They were not "betting on government securities". Banks have complex regulatory requirements, and need to keep a certain amount of their assets in highly liquid, essentially cash-equivalent assets, and US Treasury securities meet that requirement. It's not the bank's fault that the federal government has been fucking around with the economy in a way that forced the Fed to raise interest rates, drastically reducing the market value of Treasuries at the same time that economic conditions combined with the interest rate hikes are hurting many businesses, including the tech industry which SVB is heavily exposed to. That's why SVB ending up taking a huge loss when it had to liquidate Treasuries.
This federal government-created situation is very simliar to the one that pushed Donald Trump's businesses into bankruptcy in the 1990s, in that the federal government was controlling interest rate movements, pushing many interest rate-sensitive businesses over the financial cliff. When the federal government is the one moving the cliff, blame the federal government, not the people and businesses going over the cliff.
you're arguing it's not the banks fault they entirely failed to manage their portfolio correctly given the nature of the customers they had. seriously.. how unforeseeable were interest rate hikes?
that's why they're the bank. they're supposed to know better.
That's really not what happened here. Without the media-driven run on SVB, it would still be doing okay. It was not fundamentally insolvent. There was also a role played by the Bank of England, which announced on Friday -- after the run had started, and spread to SVB's UK affiliate -- that it would be seeking a court order to place the UK affiliate into insolvency proceedings, even though there is no direct connection between the US-based SVB bank's financial condition and that of the UK entity. This has accelerated the contagion, causing artificial financial crises at unrelated banks in Europe.
This is a psychology-driven bank run. The financial and economic fundamentals don't support what is happening. There are perfectly solid businesses who had normal business loans with SVB, and per normal practice, were required to maintain their primary bank accounts at SVB. Many of those businesses are suddenly unable to meet payroll and pay vendors, even though they had plenty of cash on deposit at SVB and will get most or all of that cash back after some delay. The problem is what happens to their business during the delay, and this is not the result of any fundamental weakness in their business. And SVB itself is in much the same boat.
Eh. You're still VERY short-sighted on all this.
Usury is to blame. It's the rotten core of our entire economic system.
If you think you disagree with that, then you simply don't understand enough yet. Do more research.
Joke was on them, I got a loan I was unqualified for because I knew a promotion at the end of that year was all but guaranteed.
3.1% on a 30 fixed with no money down lol.
Thats not why SVB failed. You understand what happened right? Did you take a look at their recent 10Q?
10Q more like 10IQ posters who refuse to read.
It is a shame so many americans almost pride themselves on their financial illiteracy.
Especially the low iq inbreed type on pdw
The SVB situation has nothing to do with giving loans for bad ideas. There is no information to suggest that SVB's liquidity crisis had anything to do with "unqualified customers" or defaulted loans.
if true should be an argument for no bailouts.
Hush money. Claw it back.
Confiscate the bonuses... all their assets.
No bail out!
It's normal for annual bonuses in the banking and securities industries to be paid out around this time of year. These are bonuses earned for the previous calendar year, and often employees have been informed of the exact amounts they'll be receiving a few weeks earlier. In addition, some employees' bonuses are contractually guaranteed minimum amounts, either as a percentage of some revenue target, or guaranteed at the time of an employment offer (usually for people hired relatively late in the calendar year, who will be missing out on the bonus they would have gotten from the employer they're leaving). For many midlevel and senior employees, "bonuses" may be a large portion (even the majority) of their total compensation.
There's nothing sketchy about these payouts. Legally, the employees who received them have claims on the money that are senior to any claims of uninsured depositors. In other words, if SVB ends up in bankruptcy court, the court would have no choice under the law but to order that these bonuses be paid out ahead of any payouts on uninsured deposits.
Also, the FDIC urgently needs a lot of the SVB employees to stay on the job for at least the next few weeks, in order to manage the FDIC takeover and prevent further losses. If the employees didn't get paid the amount they were already legally entitled to receive, many would take a hike and lawyer up, leaving total chaos at the bank, and causing even bigger problems for depositors and other customers. As noted in the article:
You expect people to read beyond the flashy news headline?!?
I'm willing to collect articles like this over the weekend and send them to my Congressman on Monday when these MFs come around looking for us to bail them out. I hope that some of you will also contact your representatives.
They want a bailout, tell them to call Zelensky.
Not kidding.
That's a meme!!
I will but they're corporate ass-slaves.
I enjoy rattling cages. And your willingness to contact them, despite everything is commendable. Hat tip.
We haven’t been represented for a long time. But yes I get what you’re saying.
Agreed. It's like the McCarthy speakership. If they hear from enough of us, they'll think twice.
But Ukraine.......FJB.
It's a really brazen FU to honest, hard-working Americans. Absolutely no fear of consequences, legal or otherwise.
Sure hope all the customers that got bilked don't hunt down the rats and do bad things to them. That would be a terrible shame. Right?
Well . The boys had to make sure they had money before they went to synagogue ya know..
This would have never happened if they hadn't disarmed the population... oh wait.
So car as I can see, it was scheduled bonuses. These just happen and are ticking away without any supervision.
Hush money. who signed the NDA can get their bonus.
Performance based bonuses in the financial sector are normally awarded about this time of year. My wife's bonus deposited on the 9th. 1.25x of salary this year, 2.5x last year as they did much better than the set benchmarks.
It's kind of their retention scheme. If you were to quit after receiving you run the risk of a partial bonus being at the next company for less than a year.
SVB is retarded enough as it is. There's no reason for additional pile on because muh bonuses.
As the saying goes: take the money and run.
Again, they "Madoff" with your fuckin loot. And looting they will continue.
Theoretically the money is still there, just tied up in various investment, but long and short term. A lot of those investments have probably lost value - they admitted to a 1B loss on Treasuries... But there must be something much bigger hiding in the books... Is it a huge stake in FTX or what else?
And FTX.
Gotta keep the wheels greased and the open mouths shut.
If it were actually a threat, you don’t think the government, at the least with its vast financial resources and unlimited printing press, wouldn’t also buy up a majority amount of the bitcoin and use that to exert control over its value, since it is by design a limited resource? They’ll then tax as much as they want from you since they can see every transaction you do on the ledger.
How were they communist exactly?