1757 () posted 78 days ago by Please_Clap 78 days ago by Please_Clap +1758 / -1 270 comments share 270 comments share save hide report block hide replies
Oh noo, that sucks...
...in the world
As far as Circle, they a payment processor and run a Bitcoin exchange. Of course anyone dumb enough to keep their wallets with an exchange are going to get what they deserve. It defeats its own purpose.
The Fed runs near zero interest rates for a decade and creates a bubble built on easy money again. Then the governments overreact to a mild virus, which cause a massive supply contraction and they marry that with a 5 trillion dollar stimulus and terrible policies. We wonder why there is inflation. The Fed's response is to shock the system with quick run up of rates. The Fed cannot fix the bad policy decisions that created this mess, but they sure can crash the economy to lower prices, which is basically what they said they are going to do. Meanwhile those assholes in DC are going to spend another 1.2 trillion via deficit spending to combat inflation. Those bastards in DC deserve to suffer for all of the economic pain and suffering they have and are continuing to create. They won't suffer, cause we will sit here and pay taxes like the little bitches we are...
The government is responsible for 99% of our problems.
“I just wanted to be left alone.”
Then go to Antarctica, otherwise participate in society
If you think you need to go to that extreme to find peace and space all to yourself, then you don't know very much about this country....
And I do participate. I pay my taxes. That's the only participation that is required. Anything past that is a big fuck you. If anybody wants me to participate more than that they are welcome to attempt to find their way to my land and give it the ole' college try........
That is a Fed. His comment history glows hard.
Feds like 1983249wh349349 love messing with people who participate. Especially if they try and change things like JFK or were a veteran.
that dude has a tick on his dick....can't be thinking str8
World War incoming, that's how you reset economies.
We are getting the privilege of witnessing firsthand what a reset to zero looks like without the cover of war. It won’t be pretty.
I seem to recall something about Ukraine...
False flag justification for direct involvement in that war incoming....
Yep, can't say I've used anything on that list except roku momentarily. Roku sucked.
Don't put your feet up, yet. Mixed economies tend to be pretty fragile: one company can drag down 100 more.
I try not to rely on huge companies to begin with. I have cows, I have chickens, I have a well. I have guns, and I have friends... a country boy can survive.
That's good and all, but there are VERY VERY few Americans the coming collapse won't greatly effect.....
An unfortunate necessity.
We were too tolerant for too long, and now we have too much to fix for the fix to be easy and painless.
You won't be left alone, I promise you.
Is "mixed economies" the new phrase for ponzi schemes?
Its a ponzi scheme. Plain and simple. When banks do it they call it fractional reserve banking.
Karma isn't real
If anything, this world rewards bad behavior
It is real . Reincarnation is also real. You will pay for your actions.. which can last multiple lifetimes until all accounts are settled.
Dude, I like Roku. It helped save me over $200 a month on the local bundled cable package. I took a $285 monthly bill and shrunk it to $58 a month. It would be cheaper but I still like to watch UFC.
I have an older smart tv and just bought the Roku plug in stick. Even cheaper.
Roku must be paying off/subsidizing tv maker's. It's cheaper for the same size tv if you get Roku over anything else. Downside you still need the Roku remote to go to another smart service unlike FireTV which on reboot will go back to the same input as before turned off.
I got a roku TV for this very reason. Works great honestly for a basic TV. Biggest complaint is the sound is awful and when I try and hook up a sound bar it causes delay
I got it to watch old tv shows on Pluto tv. it works good and its all i watch other than “right wing” podcasts and content creators. Havent seen one woke commercial yet on roku. I wonder why networks would let this happen knowing people are rejecting their woke filled shows
Turn Off Volume Mode and Audio Leveling on your Roku
That's probably just the soundbar, most are made notoriously cheaply and marked up like mad. You can typically get a nice pair of stereo speakers for a desktop that have a 3.5mm cable for cheaper and get better directional audio and just plug that in to most TVs
There's a setting for which input to use on turn on.
Just tell Congress it’s worth two Ukraine Bailouts and they’ll line up to buy it out.
But but they are too big to fail, we better bail them out.
It's a special club of assholes like Zuckerberg and Sundar, they'll find ways to get bailed out. Clubby nature of silicon valley is disgusting shit. They ran cancel culture on us conservatives. Cancelled everyone they could, denied accounts and services. And they had no problem stealing elections and playing politics just because they are rich and they can. And now they might need a bailout from us the working slobs to rescue their billions. Faggots all of them, fuck them.
Depositors will get bailed out with digital bank currency. There will be no escape from the Federal Reserve; tech bros will take the "money" and pay contracts and employees with it. And the Federal Reserve will control them, directly, for the rest of our time here on earth.
That's a clever way to get the CBDC train rolling. Give it to corps. Then force the populace to do business with them.
Well be forced to adopt the shit.
Hacker named 4chin predicted essentially this
Essentially seize the money in the banks and give them back CBDC shitcoin
That's probably the only way CBDC can be successfully implemented. Start with the banks no longer lending fiat - only digital.. Eventually not recognizing fiat - forcing businesses to pay employees with digital, which would lead to everyone only being able to use their new currency for commerce. Scary path
Bingo!!! You nailed it. They needed a war to mask the collapse and make it look like a consequence of global conflict but since We The People stood fast and said no to European war they said fuck it can dropped the collapse on us straight up. Now they will introduce the CBDC as the "savior" to this financial catastrophe. Kristi Noeme played this right. I wish more Red State governors followed her lead. The funny part is the CBDC could be the actual secession.
Black market. Cash.
Only faggots pay taxes at this point.
Yep. This ^
Maybe you're the fag for getting fucked for so long by these dweebs and not doing anything about it?
oh I did something about it, fuck Silicon Valley and all the faggots working there. Faggot capital of the world can go fuck itself.
Obama was right about one thing, nobody can fuck things up like Joe Biden.
In this case, it was more like they hired people based on their skin color and sexual orientation rather than how well the would do their job.
That is because in order for companies to get any sort of government contract or grant they need to submit their DIE stats, which can be upwards of 25% of the point system to award contracts. This is everything from individual personal grants for the art to university research grants to government funding for construction projects.
They do not even hide what this practice does. It kills economies.
This is not a “fuck up”. THIS IS ON PURPOSE.
Especially when Obama’s calling the shots.
There goes more of our tax money that could help veterans and homeless.
You misspelled Ukraine
You misspelled the dnc.
It all ends up there anyway
You have me mistaken for a normie.
You misspelled (D)ifferent
You forgot to add free sex change surgeries
Both groups are hopeless
Throw them on an island and be done with it
Here is what happens next:
Congress acts, borrows lots to bail out depositors
Federal reserve says, "Sure, just bail them out with our digital currency or we make you default on your debt to us."
Congress says, "Whatever okay."., and we have a "Sorry, we no longer accept cash." economy that the Federal Reserve can control from a single desktop computer in New York.
I think the point is they'll be able to add 1's and 0's much easier, at the click of a button. Not that it's any different from printing money....but printing money is a hurdle. You want to see spending even more astronomical that what it is right now, digital currency would bring it. Then Democrats won't be calling for 1 trillion here and there, they'll be writing checks for hundreds of trillions, setting up a whole century worth of GDP in just one year, to the point that even if conservatives ever regain power, it'll be pointless, the money will have already been doled out through digital currency.
Any rational people would have murdered their rulers by this point.
That makes us irrational commie pleebs?
You can't shop outside your zone unless you bring your children to the Sodomy Center nearest you.
Secretly the entire internet is just running on this one guy's stock raspberry pi 3 in his basement in jersey.
We know it's the plan kek.
I don't think digital currency is ready at all.
The crisis will get worse and worse then the Federal Reserve will have a series of meetings to change American laws and the solution will be a CBDC bail out.
Today, people are tapping phones to pay, often with no viable option except submitting to corporations.
Those corporations are creations of Federal Reserve window guidance - "Here is your money (banks), lend it to tranny medicine, racist censorious media, and compliant tech bros." The Fed will sacrifice anything it wants to set up its CBDC.
They won't succeed, but they will really fuck the world up forever. These central bank fucks sunk Japan and multiple asian economies - ruined millions of lives and curtailed futures, suicides, etc.
They want digital slavery - a "currency" they wont let you spend outside their closed system, like carnival tickets at the county fair.
Company housing and scrip for the company store
The nightmare factory towns in Colorado and Appalachia with even more control, and nowhere to run to.
Just like the Brazilian real
When I see Roblox going bankrupt:
Laughs in Minecraft
Roblox made $1.92B in 2021.
They aren't going bankrupt from this.
Actually as of last year, Roblox had never turned a profit. It doesn't help that they have to pay out millions each year to their game developers through their developers program.
The top users are earning millions ON THEIR OWN.
I don't think you understand how finance incentives works
Amazon didn't turn profits for years
Bankruptsy can be a liquidity thing, rather than a revenue thing.
They've said that only 5% of the cash was with SVB. It'll be painful, but they will be fine.
Four of these companies produce leftist propaganda directly. How many more yet to disclose their losses? I'm 100% certain the government will bail this shitbank out
DemonkkkRats have a knack for enriching CCP investors. They took to usury very well.
They will but they need to act fast because this shit is unraveling faster than they are moving. There is billions more market cap at risk of evaporating next week. Are they just hoping this won't have a ripple effect?
I should buy some stock, then.
You will face the wall.
I'd rather look the firing squad in the eye.
Debt ceiling will have to be extended before any bailing out
Checks notes. The left will continue to cry for more government control in order to "prevent" this from ever happening again.
True, economics are actually more racist than math. They have the statistics and social science to back it up. Demons love that reversal of God's creation shit.
These are just companies who's info could be pulled from SEC filings. The majority of SVB clients are small and medium sized businesses who are losing many more millions than these handful of woke companies are losing. Obviously none individually had $3B cash like Circle, but tons and tons and tons of normal, non-woke small/medium businesses you've never heard of had $10M, $25M, $50M, $100M+ in deposits with SVB.
Exactly. Its easy to stand back and laugh at the woke companies, but there are a lot of companies that are left holding the bag which are not woke. And its not like any of these companies will fail here because their individual company went woke. They just happened to put their money in a bank that fucked up.
The damage will ripple across a lot of companies and the economy.
Lot's of pension funds in Europe had money there too, this will severely affect a lot of poor peoples pensions. People who worked their entire life and lived a "honest life". And now they get screwed again. As if it wasn't bad enough many already has to eat dog food, turn the heat off and search through the garbage for plastic bottles and aluminum cans to sell to the recycling plant.
The next manufactured crisis or just sheer incompetence? Hard to tell in clown world.
Mamufactured crisis to remove all independence from tech bros and elites who might want to fight against the Central Bank Digital Currency.
Aren't the tech bros and elites part of the crowd that would be pushing for CBDCs the hardest?
tech bros and all commerce is downstream of the central banks. They control the money supply and want to maintain their control (they are actually obsolete). Everything, literally, is expendable to the central bankers. Tech bros are their pet projects.
Is it a good bet to short these companies? I'm pretty sure the Fed would bail them out in due time.
The Fed won't bail them out...I'm just afraid the government will.
Right. All the companies that wanted to censor and ban us. They’re going to want a bailout.
And they're going to take their bailout.
Our money. Their rescue.
Henry Ford was right.
"It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning." - Henry Ford
They will bail out whatever Pelosi and the rest of Congress is invested in
The FDIC is going to liquidate. The bank has assets it just didn't have enough to handle a run on withdrawls. I've seen estimates of anywhere from 60 to 90 cents on the dollar for most of these deposits, and probably in 6 to 9 months it'll all be settled.
I like Roku and Roblox. I have heard of them, at least. Not familiar with any of the other names.
Doesn't Rocket Lab make the Rocket League car soccer game? ..or do I need to go to bed?
Psyonix Studios created SARPBC and Rocket League and they were acquired by Epic Games in 2019. Now wokeville has invaded rocket car soccer, along with every other free to play title. It's like a cancer... or an mRNA vaccine; you just can't get rid of it.
No, they build space rockets with some unique features (3D printed engines and battery powered fuel pumps), they launch from a cow pasture in New Zealand. It's a shame to see them affected by the woke nonsense.
Yeah that one really bummed me out. They have a new launchpad in Virginia too. Hope it doesn't affect them too much they are a neat company.
They launch from the US, now, too.
It's the latter.
'night. See y'all tomorrow.
How dare you insult a company by confusing them with Psyonix.
No company could ever even dream to parallel whatever the Hell monstrosity it is that they created and called "Matchmaking."
9 out of 10 of those companies have Chief Pedophilia Officiers.
Updoot for username.
Laughs in lead, brass, gold, silver, and dehydrated foods.
Grain and soy do not sustain a man. Milk and eggs tho.
That's just not the case at all. Yes, there are some big name woke companies that banked with them, but most SVB clients were small/medium early stage companies started and run by 1 or 2 entrepreneurs, who sold stock in their companies to raise cash to hire employees, expand, develop their product, etc. and they deposited their cash at SVB, which was basically industry standard. And now they are hoping to recover whatever of that cash they can. In the meantime they can't pay rent, can't make payroll and have to layoff their employees, and face the very likely scenario of going out of business within a month.
Venture Capital isn't code for big tech throwing money at gay ESG projects that will never make money. VC is the capitalist version of swinging for the fences on every investment you make. It's risky investing very early in unproven companies at a time when they aren't even profitable (and often don't even have revenue) but if they make it they will make it big. VC is like if someone came to you with a compelling case that they found out where to mine for gold, but needed money for shovels and trucks and heavy machinery to get the gold -- and you say I'll give you $ to get this mine up and running (knowing that it will take a few years and they might not ever find gold) and if/when you find the gold I get 20% of everything.
Thank you. A lot of people have this really simplistic black and white view of things
As someone who stands to lose a lot from this SVB disaster (and know countless more who are keeping their mouths shut at the moment), people on this site have no clue what the fuck they are talking about.
If you have ever raised venture capital, you put it in SVB. It’s as simple as that. Your VC would even help you establish an account there if you didn’t have one yet.
Some of the most brilliant and entrepreneurial humans this country has to offer just got fucked because the federal reserve has been pumping and dumping interest rates like a meme stock and this side is celebrating the devastation.
And no, most depositors of a couple million bucks may only have 5 to 10 critically important employees and did not have a “treasury strategy” as our job is to find product fit and get profitable - not hedge against bank failure.
No wonder people in this site love losing so hard.
It's sad how clueless people on this site are about this SVB crash / VC / startup economics, and even worse how boisterous they are in their ignorance.
So basically contagion is a real risk and no one is really thinking about it?
No doubt the "VC = enemy" attitude comes from so many woke companies like clickbait news media rags clearly not making monmey for years, but continue to operate because they're VC funded.
With so many leftists online "news" companies being both SF based and funded at a loss by VC, it's no suprise so many people here would laugh and celebrate ate hearing a SF bank known for funding SF venture capitalists going tits up.
It's the vain hope that all the "we don't have to make a profit; just send a message" VC-subsidised leftist media companies just lost their operating budgets overnight.
Which so far isn't the case.
Who is investing in pedophile story time? Do they plan to turn a profit?
Not VCs. In fact, VCs frequently get certain management rights in companies they invest in and would prohibit their portfolio companies from doing that shit and making sure the founders are staying focused on building the business to become profitable so they can sell the company a few years down the road for a big profit on their investment.
Please let tell me Reddit has all their cash at SVB.
My grandfather, who survived the Great Depression, told me in the 1980s, when I was a teenager, that the banks would fail in my lifetime...and I couldn't grasp what he was saying at the time he said it, but I've never forgotten it.
Watch all the doomsday predictions if this bank is allowed to fail. You’ll hear contagion thrown around like “democracy.” by the establishment.
You underestimate how well Wall Street can steal our money by way of the US Congress, and make themselves whole again.
Meanwhile: those of us who sold our stocks at a huge profit and payed off our debt are still sitting comfortably off better than most....to think that I actually had people mocking me for paying off all my debt 3 years ago.
The last update I saw was the Fed is looking to guarantee up to 50-60% of the deposits for each account. Let that sink in…. The Fed is saying take risks and they’ll bail you out because you’re too big to fail.
go woke, go broke
Sounds like a lot of useless shit to me
I'll start to worry when I see agriculture, grocery, and hardware stores start to fail.
FYI there were AG startups / early stage companies that banked with SVB. Companies that, for example, have been developing better, healthier, natural pesticides and fertilizers and figuring out how do it at scale. Not exactly the woke ESG bullshit you think every SVB client is involved in. But I guess you can keep on enjoying cancer-causing glyphosate sprayed crops brought to you by Big-Ag in collaboration with Big-Pharma since you think SVB crashing is such a good thing. Be a good consumer for Monsanto.
It will be rapid.
So two things will happen I reckon.
They'll get the bailout and everyone will get more upset that this happened again as inflation fucks them harder.
They don't get bail, everyone gets upset as inflation fucks them harder as democrats blame republicans for not pushing the bailout through.
So in short, nothing of value?
kinda what I was thinking
I fucking can't catch a break on blockfi huh. They are in every single negative situation. The most "too good to be true" platform Ive used
And if companies had any sense, given the current debacle, they would look at all of their critical suppliers, and get rid of any where their leadership is more interested their skin color and what is going on in their nether regions, rather than competently doing their job.
Stuff your cash in your mattress.
And then the Fed will steal 30-50% of it each year for the next 4-5 years with this hyperinflation which the Media Minions have been trying to hide for the past 2 years
HAHAHA fucking millionaire commies becoming 250 thousandaires overnight. LOL FUCK THEM
Somehow it won't end well for the American taxpayer, that is.
I recognize one name on that list, and I don't even use their products (I've had a roku given to me, but I never used it. I just scoured the net for ways to soft mod it to use as a standalone streaming box for local content
Circle? WTF is that?
Circle is a crypto firm. They peg their USDC coin at a 1:1 ration with the USD, making it a "stable coin". When SVB dropped out, that ratio was not so stable and reportedly went as low as .84:1. In theory, it will get back to a 1:1, but that shows how this impacted one sector of those vested with SVB.
they are all going to be leftist tech companies with curly haired kid CEO's with big noses like SBF. Not my problem.
why would an established company keep their money in a bank openly giving out loans to everyone with darker skin and/or a cock cut off?
So a bunch of Jew shit that nobody uses