I've listened to people watching it. Now I might be ADHD but my god that level of random switching between videos is cancer. Can't even finish a scene in south Park before random new consumption.
"Lenin was certainly right. There is no subtler, no surer means of overturning the existing basis of society than to debauch the currency. The process engages all the hidden forces of economic law on the side of destruction, and does it in a manner which not one man in a million is able to diagnose."
~John Maynard Keynes, 1919
SIVB stock price is at $106 at the moment from a Monday high of $285....does it stabilize now or is it going to plummet first thing Monday morning?
edit: it's done, another bank is picking up the loan book at auction and the public gets stuck with the bail out of the multimillionaires and billionaires.....fuck them all to the moon!
Sadly, it's done....there is no more moral hazard for banks, they can basically do whatever they want and literally all their deposit are Federally Insured to the last penny. The ruination of a nation is on track....Banks can basically be as risky as they like and not withstanding their share price can basically do whatever they think will make them money risk be damn as the FEDs have their back.
I don't watch porn, I never used Tic Tac & I grow a lot of my own food.
I won't sit back & bitch, but I am also not gonna give some Glowie a hardon and say that I am gonna take on teh Federal Government by myself.
I will prep & plan, I will wait for shit to get worse & then I will be there to help unite & coordinate when fhe shit hits the fan.
We will have an opportunity, will YOU be ready or will you refuse to sacrifice one thing to save our Republic?
I will be prepared & I am still praying for based Military (Not Q) to finally say.."Okay, we gotta get involved now. They are just way too corrupt now"... maybe I'm just praying BUT there has to be based Patriot Veterans who think like me & want to save whats left.
You should be interested in being your own bank. Look at what happened in Canada at the Trucker's Protest, the gov straight up took money from their accounts. They can't do that with bitcoin.
Not really. It's just a broader tax, that all. Instead of being limited to workers or even citizens it's a tax on very person company or otherwise that has/holds USDs.
And we get censored and smeared as racists when we point out the Talmud that is the philosophy behind the central bankers, it's why they say they have a right to do this to us.
All I wanted was to be free, I never cared about any other group of people until I realized I was being attacked.
the establishment's time is running out. These bails out and spend all rest on the petrodollar.
The recent deal China brokered between Iran and the Saudis underscores that BRICs is gaining steam. More and more oil will be traded in other currencies.
Which means more and more of US dollar inflation stays inside the country rather than getting pushed out to the rest of the world. Cascade is inevitable unless a hard policy reversal occurs and that reversal gets more improbably with each such decision by the fed.
I am gonna go out on a long limb and say that because our politicians fingers are in every country, they will not let the dollar collapse. If we were talking about literally any other country, I would agree with you.
Russia’s population is still in terminal decline with a GDP smaller then Poland.
compared to which country? US - the only population growth here is from influx of invaders who have zero in common with Americans.
with a GDP smaller then Poland.
false
China is an economic time bomb waiting to go off.
Dude have you fucking looked around your own country lately?
US economy is looking more and more like its built entirely around 'diversity' managers, HR, teacher unions that are only teaching DIE, a ton of stock traders throwing around fake digital money online, a tech sector 90% of which have turned out to be adult day care for empty headed feminists.
US already 'went off' - you are mid implosion right now and literally no one anywhere is predicting any positive reversals in US in any near future.
And Saudi Arabia will be doomed to irrelevancy once we become oil exporters again.
you will be lucky to still have gas cars allowed in US by 2030
If America’s economic situation is bad, China’s is worse. Way worse. They are overburdened with debt, businesses are leaving, their population is set to shrink over the next decade, their banks have failed, they wasted billions on high speed rails that aren’t used all that much, they are about to experience a house bubble burst that will make the 2008 - 2009 bubble look small.
My claim about Russian economy does need a correction however. Russia’s GDP per capita is smaller then Polands.
America is fantastic at assimilating immigrants, we’ve been doing it for centuries. The Poles, Italians, and Irish were once seen like how you see Latinos. And like the Latinos, they will be assimilated given time. Deny all you want, but within a few decades Latinos will be seen as being White. Once we close the border and deport the illegals, you will see the Latinos assimilate rather rapidly.
And I like how you didn’t dispute my claims about South Africa and Saudi Arabia. So you must agree that those countries are irrelevant.
Also, I feel the need to point out that India HATES China. In a WWIII scenario, India will not side with the Sino-Russian Alliance for quiet a few reasons.
India and China still have violent border disputes. One quiet recently in fact.
China has very close ties with Pakistan, which means they are likely to side with Pakistan in a Indo-Pakistan Dispute.
China is currently damming up the Ganges River (which starts in Tibet) thus choking one of India’s most important rivers
India only has good trade relations with Russia because Russia gives them cheap oil. If we give them a better deal, they will ditch Russia.
except your claim was about total. Which would have mattered if it was true. No one cares about 'per capita' when comparing countries in conflict
America is fantastic at assimilating immigrants, we’ve been doing it for centuries.
that's like trying to judge Soviet Union capability by referencing the Russian Empire at its peak. US is a communist state. people like you don't get it yet because two blatantly fake elections and FBI openly operating like Gestapo doesn't sink in for you.
China
people have been singing that tune in US for 7years now. In that time China only got more influential around the world.
Saudi Arabia
you were spouting so much falsehood it seems borderline useless to dismantle it all. Saudi Arabia is literally the only reason Petrodollar exists. It was they who were bribed by the US to institute the petrodollar in the first place. Given that they are the biggest ally US have in the middle east and they just made peace with one the of main 'enemies' US has been targeting for over a decade - they are very fucking relevant. Simply by denying US military the use of their airspace they can cripple US ability to project any power in the region and it looks like they are on a path to do that soon because I doubt Iran would accept a peace deal with assurances that Saudis will stop cooperating with US in threatening them. If they are so irrelevant, why is POTUS flying up to them to beg for relief when US fuel price stickers go up at the pump?
India
Has just publicly denounced US for utterly derailing the G20 meeting India was hosting because India wanted to talk about India's problems but US ambassadors wouldn't shut up about Ukraine. Indian government has been put on blast by their local media for utterly failing to get their concerns even heard at the meeting.
Guess where India's concerns are patiently listened to? that's right - at BRICs sessions.
India vs. China
yeah, sounds to me like China has a ton of leverage to convince India to play ball with them in their alliance. What leverage does US have? oh that's right we can try to ship oil to them across a fucking ocean - oil which we currently do not produce and which our economy is intentionally stifling and which would have to travel out of California ports with California going into complete retard mode on 'green energy' policies over last three years, refusing to unload ships and fining them for waiting in line around the coast.
Oh my god, 1 diplomatic event and suddenly India is totally willing to be bend over and become China’s slave. India will never bow China. Stop being delusional and come back to the real world. Pakistan alone is a deal breaker.
The saudis only have 1 product and that’s oil, if we flood the market with our own oil, then the Saudi economy dies. Blockade the strait of Hormuz and watch as they collapse faster. Their military is shit and their people are barely united.
I admitted that I made a mistake regarding the GDP, but I’m not wrong about Russia being pathetic economically. Their GDP is less then Italy's for crying out loud. FUCKING ITALY.
The only reason China hasn’t economically collapsed is because Xi Jinping has gone full tyrant and has locked down the country and silenced any and all information regarding the economy. He has essentially stole millions from his own people and is now hiding that fact. He has no intention of paying back those real estate investors (if you don’t know, the majority of people in China keep their retirement money tied up in real estate investments (investments that will never pay off thanks to the housing crash).
And Iran is still having to fight 2 things simultaneously, Israel's not so secret war on Iranian military infrastructure and the ongoing anti-Ayatollah protests (they haven’t stopped btw).
The moment Biden is out of office, is the moment all these retarded policies stop. You can only cheat so many times before a Revolution starts. Unlike you, I’m not a doomer and I believe the US will be fine. America’s prospects for the future are brighter then the rest of world. It only feels bad because the internet amplifies the negative.
But I’m done here. I’m blocking you and ending this. I can’t debate someone who is living in a completely different reality.
Im not speculating, Im using real figures. You and people like you are delusional and living in fantasy lands like the liberals you so passionately hate.
Fuck off, BRICS means nothing and will never amount to anything long term.
The only country in the lot that has a bright future is India. The rest either have terminal population decline, a failing economy, extreme race issues, or all three.
Contagion risk. If SVB goes down then any uninsured accounts at any bank would be pulled and redirected to treasuries or gold. Banks across the board would face runs and be unable to meet capitalization requirements. Basically a deflationary depression but without the social cohesion of the 1930s.
This still may happen. I think smart money is not going to take a chance and start the pulling accounts.
Billions of Ukrainians are starving and dying on the battlefield fighting Russia, and the only thing these Silicon Valley oligarchs can think about is themselves.
Everyone who said this wouldn’t happen is naive. The government wasn’t going to allow its banking system to collapse. Now the taxpayer gets to pay for it.
It's not the banking system they were worried about, it was their donors. If this was "Trump Bancorp" failing, with a bunch of MAGA depositors, they would be shit out of luck.
The Dems were never going to allow a woke bank, serving woke VCs, woke startups, Oprah and Meghan Markle to fuck over their depositors. They are their biggest donors and promoters.
Totally sucks donkey dicks but realistically we're too civilized to use revolutions as well it should be, words should hold more sway than tools. But rest assured, while we have to suffer through this here on Earth, in the end their money will be no good. What's a little suffering to ultimately be free from demon influences for eternity while they wallow in their self made misery for time immemorial?
Bingo. The Fed Rate increases have been destroying the Real Estate industry, but the Fed didn't give a shit about that because it is one of the few industries that aren't woke.
Umm, it’s still going to collapse, but a little later, and a lot harder.
The taxpayer has been spent long ago.
What, they’re just gonna print up another $160+ billion and cover any missing deposits? Okay. Go for it.
And what, that has no cost for their trash system? Yeah, right. If that were the case, then no one would care, they’d just keep covering all the collapses with printed cash, and all good.
Except this is catastrophic regardless. Maybe they’ll just screw the middle and working classes a bit longer, big surprise.
No don't worry "any losses to the deposit insurance fund to support uninsured deposits will be covered by a special assessment on banks". So other banks normal customers will pay to cover the deposits of capital venture firms and tech company customers.
They raise interest rates while printing up bailout money to play whack-a-mole with the banks that are flopping, so inflation is not going down, we’re going to get high interests rates and high inflation.
It won't be too much later. People are going to start taking a hard look at how their banks are invested and they're going to find out their bank is pulling the same sort of shit as SVB
Some states gave out "Sorry, My Bad" checks, to the businesses they fucked over. I got one, for 2k. Yep, a 2k check for a business I started and built with 100$ and before covid, it was valued at 300k. I sold every assets and split the money up between my employees.
There's always a chance. But my attention and dedication has been spent better elsewhere. Once someone defines what success is to them and not what others defined it as. Than nothing can stand in your way.
This is some bullshit. Watch - not one single member of congress will do fuck-all about this except maybe bitch about it on social media.
Fuck these assholes.
The rule of law no longer exists in America so feel free to do whatever you want.
If SHTF on my watch I know I got some backlogged justice to catch up on, so maybe we needed the “pause” to allow the people to catch up to a runaway system.
This is not a taxpayer bailout. It is an insurance fund of about $100 billion that banks have paid into for decades specifically for this purpose. Its meant to prevent a cascade failure in the system.
This isnt the fdic insurance fund. It is a fund that banks pay into that is separate from the $250,000 fund.
"The Deposit Insurance Fund, which will cover the deposits, is funded with quarterly fees assessed on financial institutions and interest on government bonds."
You are really falling for the propoganda hook line and sinker.
There only is one insurance fund, amd yes, it is funded by quarterly assessments amd some earnings from bond sales, but it only insures up to $250k amd has never been used to bail out larger accounts previously.
I seriously doubt they sold enough assets over the weekend to cover that. I suspect the "lending" program the fed announced will cover it, then be "reimbursed " pennies on the dollar after selling the assets for dirt cheap.
I don't see the other alternatives. The nonsense line about "losses to the deposit insurance fund to support uninsured depositors will be will be recovered by a special assessment on banks" is of saying the losses will be passed along to bank customers.....so yes that's a bailout.
When the FDIC slush fund isn't enough, they either get a load from the Treasury or they get a bailout, they have historically done both and both are always on the table as the slush fund isn't always solvent... Both options are backed by the taxpayers...
Exactly, I suspect part of that "loan" program to provide liquidity to banks will be pumped into the fdic to cover svb deposits. That and charge you, me and every other person that uses a bank to collect the "special assessment " fees the other banks will be charged to recover funds used to take care of uninsured deposits.
The bank failed because it's holding a ton of ten year Treasury bonds as low interest rates making the bonds they hold unattractive. Why buy the bonds they are selling at full price when you can buy one at a much higher interest/return rate. This problem isn't going correct itself in a year. They are stuck with those bonds until they mature or will have to sell them far below value to make them attractive enough to move.
Exactly, depositor weren't going to take 1% on their deposits when they can buy short term treasuries paying 3 times that. They didn't have the cash to cover deposits and as you said they bonds weren't worth anywhere near what they paid for them.
Not really, the Fed is buying all SVBs bonds at par, even if they are trading at $60-70. These bonds have rates around 1.75% and durations around 6-10 years. There’s $100B+ of these bonds. The Fed is going to lose billions over the next 6-10 years on these, but who fucking cares right?!
The "Fed" shouldn't even exist, let alone have private shareholders profiting from government debt. If the Fed is really taking a haircut, I certainly wouldn't shed a tear.
Get your money out of your own banks. They're cleaning out the FDIC's reserves so if/when other banks crash, the billionaires get theirs, but you'll be too late.
(Disclaimer: don't take investment or financial advise from random people on the internet you know nothing about. Be intelligent. Think for yourself, and manage your risk accordingly)
No, not because of this. This is being paid from an insurance fund of about 100 billion that banks themselves have paid into for decades. Its only used when there is a risk of cascade failure. NO TAXPAYER MONEY IS INVOLVED.
Great, as long as they have $200B worth of used desk chairs this will work really well.
the Federal Reserve issued a statement saying they would step in
They don't have the authority to dole out more than the maximum FDIC insurance value. Only congress can approve taking money out of the pockets of tax payers.
The Fed is doing it. The federal reserve isn't a government body, it's a private entity which for some stupid reason we gave authority over our monetary system.
So the Fed is now the creditor of last resort. I had been thinking this might be the case. Now we will see bankers take bigger risks since there is literally no downside. Moral hazard increase to infinity.
Sure why not, the dollar has lost so much value and they’re just gonna print what they need /s. Shits gonna collapse. Seen a lot of crappy times in my 75 years, nothing matches the shit going on these days.
Does this mean that everyone should move their money to SVB? Seriously. No regional bank will be given this treatment and SIPC doesn't provide full-indemnification for investment accounts. SVB is the safest bank for all the wrong reasons.
Fed creates the money to loan against the banks assets. They are not using the current value of the assets but the potential future value. It's a huge gamble with unfavorable odds of winning, and when it fails the inflation caused by printing the money will be be locked if forever.
The next magic trick is watching the stock 50x but any normies trying to buy on the cheap in the AM before this happens will be locked out.
Then when it is WAY overvalued peeps who had GTC at the ask will get their orders filled and end up holding the bag when the FED "clarifies" what protected means and things crash again.
This is the most undemocratic bullshit of all time. Speechless. It's all out war against us. They're getting bailouts for their leftist agendas as they discriminate against us in banking, then we get forced to pay for it - after the Execs already cashed out with bonuses right before getting shut down - while we're about to be targeted with more audits. They've made MAGA into the slaves of this country.
Called it. Too many Uniparty allies would have lost out, so the Uniparty will steal the money from the taxpayer to protect depositors from their own stupidity putting their money in a woke bank which was taking stupid risks on woke bullshit.
They get all the reward despite carrying zero risk. Normal Americans get none of the reward and were carrying all of the risk all along.
Why are we bailing out billionaires and venture capital firms?
Because fuck you, that's why.
Funny, but also literally this.
They can print more money, devalue your salary and savings, and fuck you. What are you going to do about it?
Nothing.
Bitch, moan, work overtime, die broke, leave nothing to your kids.
The tale of serfdom throughout time.
And our time is no different except we have great cheap food, pornography, and tik tok.
I've never had TikTok
Just be happy with your midget anal bukkake.
bread & circuses 👍🏻
Whoa buddy, you're missing out.
Anybody who barrages himself with 2 second videos for hours on end day after day is going to be missing out on an attention span.
And life
~glances over from flipping youtube shorts~
Umm what were we talking about?
I've listened to people watching it. Now I might be ADHD but my god that level of random switching between videos is cancer. Can't even finish a scene in south Park before random new consumption.
"Lenin was certainly right. There is no subtler, no surer means of overturning the existing basis of society than to debauch the currency. The process engages all the hidden forces of economic law on the side of destruction, and does it in a manner which not one man in a million is able to diagnose." ~John Maynard Keynes, 1919
He used a banking system we copied.
The more things change, the more they stay the same
SIVB stock price is at $106 at the moment from a Monday high of $285....does it stabilize now or is it going to plummet first thing Monday morning?
edit: it's done, another bank is picking up the loan book at auction and the public gets stuck with the bail out of the multimillionaires and billionaires.....fuck them all to the moon!
Buy, this was done on purpose. They wanted to create a situation to be able to support all banks. Unlimited printing you can not stop
Sadly, it's done....there is no more moral hazard for banks, they can basically do whatever they want and literally all their deposit are Federally Insured to the last penny. The ruination of a nation is on track....Banks can basically be as risky as they like and not withstanding their share price can basically do whatever they think will make them money risk be damn as the FEDs have their back.
The printing will continue until your money is worthless.
I don't think all of the banks,just a few special ones. Us plebs are gonna get ass raped in a few weeks
I don't watch porn, I never used Tic Tac & I grow a lot of my own food. I won't sit back & bitch, but I am also not gonna give some Glowie a hardon and say that I am gonna take on teh Federal Government by myself. I will prep & plan, I will wait for shit to get worse & then I will be there to help unite & coordinate when fhe shit hits the fan. We will have an opportunity, will YOU be ready or will you refuse to sacrifice one thing to save our Republic? I will be prepared & I am still praying for based Military (Not Q) to finally say.."Okay, we gotta get involved now. They are just way too corrupt now"... maybe I'm just praying BUT there has to be based Patriot Veterans who think like me & want to save whats left.
Yup.
All we can do is be prepared.
Once it happens, it'll be quick and your neighbors will be your enemies.
All I know is that I have a very short list on who will be staying with me should it happen.
There are definitely based veterans, but the vax mandates probably tossed out the last of the based active military.
Save what's left? Haha what's left, buddy?
make a run for your local city/county government, if your angry, that's the best cure. Run as ultra maga.
Jesus Christ 🤦🏻♂️
What’s wrong with that statement?
Is the R in TheRPatriot for reatrded? Or you just haven’t been following for a few years?
Satoshi created Bitcoin for this exact purpose
Sat created BC to launder gun money…
I fail to see the difference....
Keep using fiat while the gov has ability to reach into your bank account and take it you gay nerd
Ok, Rockerfeller…
You should be interested in being your own bank. Look at what happened in Canada at the Trucker's Protest, the gov straight up took money from their accounts. They can't do that with bitcoin.
Exactly
Congratulations suckers…. You just bailed out the Democrat billionaires with your grandkids money!
It's even worse then that. In order to tame inflation you need to slow the economy.
By raising interest rates to this fast the Fed intended to crash certain segments of the economy. Primarily Real Estate, Investors, Brokers etc.
But that was acceptable to the Fed because much of the RE industry leans conservative.
What the Fed did not expect or want was to crash the woke, left leaning Silicone Valley.
So the Fed was OK destroying non woke industries, but had to immediately jump in once the woke silicone Valley was threatened.
This is complete horseshit.
GO WOKE, GO BROKE
THEN GET BAILED OUT.
If you didn't see it already, they're saying this seems to be the timeline of the crash:
https://twitter.com/itsurboyevan/status/1634603869752766471
yep, yep, yep...do we at least get to find out to the tune of how much? is it $5 billion or $100 billion? or is it north of those amounts?
That will be kept a State Secret, for “The Sake of Our Democracy!”(tm)
bank had 250 billion in deposits supposedly… so somewhere there. less, but not too much less.
SMH...and 97% of accounts had amounts greater than 250K. can someone explain to me who the FDIC amount of 250K was ever intended for?
Little people.
Dude... dude
Called it.
Because we're tax slaves
My favorite line from the article
'No losses associated with the resolution of Silicon Valley Bank will be borne by the taxpayer.'
will it increase Bidenflation though?
Of course. Money printers going to be busy.
what company manufactures money printers? I need to invest in them
Crane Currency makes bank note paper
🏗🚀🚀
The woke have zero self-awareness, thus no shame.
Lol, where does the money come from then?
Printers
It will be borne through special assignment to other banks. Which is significantly different
Not really. It's just a broader tax, that all. Instead of being limited to workers or even citizens it's a tax on very person company or otherwise that has/holds USDs.
I think you mean slaves?
A tax slave is just a slave, and their collection system has just gotten more robust and efficient.
I'm feeling oddly Hatian...
tithe collectors 🗡
And we get censored and smeared as racists when we point out the Talmud that is the philosophy behind the central bankers, it's why they say they have a right to do this to us.
All I wanted was to be free, I never cared about any other group of people until I realized I was being attacked.
Noticing things is rayciss!
the establishment's time is running out. These bails out and spend all rest on the petrodollar.
The recent deal China brokered between Iran and the Saudis underscores that BRICs is gaining steam. More and more oil will be traded in other currencies.
Which means more and more of US dollar inflation stays inside the country rather than getting pushed out to the rest of the world. Cascade is inevitable unless a hard policy reversal occurs and that reversal gets more improbably with each such decision by the fed.
We are already on the lithiodollar, that's why we are in Ukraine and why we didn't do anything when KSA decided to sell oil outside of the USD
that's... not actually a thing.
I am gonna go out on a long limb and say that because our politicians fingers are in every country, they will not let the dollar collapse. If we were talking about literally any other country, I would agree with you.
BRICS means nothing.
South Africa is a no go.
Russia’s population is still in terminal decline with a GDP smaller then Poland.
China is an economic time bomb waiting to go off.
And Saudi Arabia will be doomed to irrelevancy once we become oil exporters again.
compared to which country? US - the only population growth here is from influx of invaders who have zero in common with Americans.
false
Dude have you fucking looked around your own country lately?
US economy is looking more and more like its built entirely around 'diversity' managers, HR, teacher unions that are only teaching DIE, a ton of stock traders throwing around fake digital money online, a tech sector 90% of which have turned out to be adult day care for empty headed feminists.
US already 'went off' - you are mid implosion right now and literally no one anywhere is predicting any positive reversals in US in any near future.
you will be lucky to still have gas cars allowed in US by 2030
If America’s economic situation is bad, China’s is worse. Way worse. They are overburdened with debt, businesses are leaving, their population is set to shrink over the next decade, their banks have failed, they wasted billions on high speed rails that aren’t used all that much, they are about to experience a house bubble burst that will make the 2008 - 2009 bubble look small.
My claim about Russian economy does need a correction however. Russia’s GDP per capita is smaller then Polands.
America is fantastic at assimilating immigrants, we’ve been doing it for centuries. The Poles, Italians, and Irish were once seen like how you see Latinos. And like the Latinos, they will be assimilated given time. Deny all you want, but within a few decades Latinos will be seen as being White. Once we close the border and deport the illegals, you will see the Latinos assimilate rather rapidly.
And I like how you didn’t dispute my claims about South Africa and Saudi Arabia. So you must agree that those countries are irrelevant.
Also, I feel the need to point out that India HATES China. In a WWIII scenario, India will not side with the Sino-Russian Alliance for quiet a few reasons.
except your claim was about total. Which would have mattered if it was true. No one cares about 'per capita' when comparing countries in conflict
that's like trying to judge Soviet Union capability by referencing the Russian Empire at its peak. US is a communist state. people like you don't get it yet because two blatantly fake elections and FBI openly operating like Gestapo doesn't sink in for you.
people have been singing that tune in US for 7years now. In that time China only got more influential around the world.
you were spouting so much falsehood it seems borderline useless to dismantle it all. Saudi Arabia is literally the only reason Petrodollar exists. It was they who were bribed by the US to institute the petrodollar in the first place. Given that they are the biggest ally US have in the middle east and they just made peace with one the of main 'enemies' US has been targeting for over a decade - they are very fucking relevant. Simply by denying US military the use of their airspace they can cripple US ability to project any power in the region and it looks like they are on a path to do that soon because I doubt Iran would accept a peace deal with assurances that Saudis will stop cooperating with US in threatening them. If they are so irrelevant, why is POTUS flying up to them to beg for relief when US fuel price stickers go up at the pump?
Has just publicly denounced US for utterly derailing the G20 meeting India was hosting because India wanted to talk about India's problems but US ambassadors wouldn't shut up about Ukraine. Indian government has been put on blast by their local media for utterly failing to get their concerns even heard at the meeting.
Guess where India's concerns are patiently listened to? that's right - at BRICs sessions.
yeah, sounds to me like China has a ton of leverage to convince India to play ball with them in their alliance. What leverage does US have? oh that's right we can try to ship oil to them across a fucking ocean - oil which we currently do not produce and which our economy is intentionally stifling and which would have to travel out of California ports with California going into complete retard mode on 'green energy' policies over last three years, refusing to unload ships and fining them for waiting in line around the coast.
Oh my god, 1 diplomatic event and suddenly India is totally willing to be bend over and become China’s slave. India will never bow China. Stop being delusional and come back to the real world. Pakistan alone is a deal breaker.
The saudis only have 1 product and that’s oil, if we flood the market with our own oil, then the Saudi economy dies. Blockade the strait of Hormuz and watch as they collapse faster. Their military is shit and their people are barely united.
I admitted that I made a mistake regarding the GDP, but I’m not wrong about Russia being pathetic economically. Their GDP is less then Italy's for crying out loud. FUCKING ITALY.
The only reason China hasn’t economically collapsed is because Xi Jinping has gone full tyrant and has locked down the country and silenced any and all information regarding the economy. He has essentially stole millions from his own people and is now hiding that fact. He has no intention of paying back those real estate investors (if you don’t know, the majority of people in China keep their retirement money tied up in real estate investments (investments that will never pay off thanks to the housing crash).
And Iran is still having to fight 2 things simultaneously, Israel's not so secret war on Iranian military infrastructure and the ongoing anti-Ayatollah protests (they haven’t stopped btw).
The moment Biden is out of office, is the moment all these retarded policies stop. You can only cheat so many times before a Revolution starts. Unlike you, I’m not a doomer and I believe the US will be fine. America’s prospects for the future are brighter then the rest of world. It only feels bad because the internet amplifies the negative.
But I’m done here. I’m blocking you and ending this. I can’t debate someone who is living in a completely different reality.
Anaconda's new username?
Oh fuck off asshole.
Im not speculating, Im using real figures. You and people like you are delusional and living in fantasy lands like the liberals you so passionately hate.
Anybody who says "BRICS means nothing" doesn't know "real figures".
But Anaconda, we never expect more than that from you.
Fuck off, BRICS means nothing and will never amount to anything long term.
The only country in the lot that has a bright future is India. The rest either have terminal population decline, a failing economy, extreme race issues, or all three.
Contagion risk. If SVB goes down then any uninsured accounts at any bank would be pulled and redirected to treasuries or gold. Banks across the board would face runs and be unable to meet capitalization requirements. Basically a deflationary depression but without the social cohesion of the 1930s.
This still may happen. I think smart money is not going to take a chance and start the pulling accounts.
Good. Accelerate.
When everyone realizes our currency holds no value… the real fun begins. When will this be?
GME all over again. It's a big club and you ain't in it.
Billions of Ukrainians are starving and dying on the battlefield fighting Russia, and the only thing these Silicon Valley oligarchs can think about is themselves.
Lol
This is what I don't get about the left.
They hate white people, yet they support Ukraine.
I'm talking about the idiot Dem voters, not the politicos who only care because they are laundering our money.
There is nothing to get. Their latest software update tells them to hate white people and support Ukraine.
(((Ukraine)))
Everyone who said this wouldn’t happen is naive. The government wasn’t going to allow its banking system to collapse. Now the taxpayer gets to pay for it.
It's not the banking system they were worried about, it was their donors. If this was "Trump Bancorp" failing, with a bunch of MAGA depositors, they would be shit out of luck.
The Dems were never going to allow a woke bank, serving woke VCs, woke startups, Oprah and Meghan Markle to fuck over their depositors. They are their biggest donors and promoters.
Totally sucks donkey dicks but realistically we're too civilized to use revolutions as well it should be, words should hold more sway than tools. But rest assured, while we have to suffer through this here on Earth, in the end their money will be no good. What's a little suffering to ultimately be free from demon influences for eternity while they wallow in their self made misery for time immemorial?
Nice. Feel good take
So you're telling me they get to live forever as well?
Absolutely, but in far far far less than ideal conditions. I didn't create the Universe or the rules, I just like to use them to advantage.
Bingo. The Fed Rate increases have been destroying the Real Estate industry, but the Fed didn't give a shit about that because it is one of the few industries that aren't woke.
Umm, it’s still going to collapse, but a little later, and a lot harder.
The taxpayer has been spent long ago.
What, they’re just gonna print up another $160+ billion and cover any missing deposits? Okay. Go for it.
And what, that has no cost for their trash system? Yeah, right. If that were the case, then no one would care, they’d just keep covering all the collapses with printed cash, and all good.
Except this is catastrophic regardless. Maybe they’ll just screw the middle and working classes a bit longer, big surprise.
No don't worry "any losses to the deposit insurance fund to support uninsured deposits will be covered by a special assessment on banks". So other banks normal customers will pay to cover the deposits of capital venture firms and tech company customers.
They raise interest rates while printing up bailout money to play whack-a-mole with the banks that are flopping, so inflation is not going down, we’re going to get high interests rates and high inflation.
And there's a lot of burn left to reach the levels of interest rates and inflation in the 80's. This is gonna get bumpy.
They have to make believe they’ll do limited bailouts. The 2008 bailouts increased systemic risk badly. This will come to light soon
The Fed will just buy up their low yield assets and hold it on their balance sheet.
It won't be too much later. People are going to start taking a hard look at how their banks are invested and they're going to find out their bank is pulling the same sort of shit as SVB
When Yellen said "No bailout" I knew they were going to do it, because they lie, just like their father, Satan.
It's working exactly as designed. It's all a scam.
What about all the SMALL BUSINESSES destroyed by LOCKDOWNS ?
Some states gave out "Sorry, My Bad" checks, to the businesses they fucked over. I got one, for 2k. Yep, a 2k check for a business I started and built with 100$ and before covid, it was valued at 300k. I sold every assets and split the money up between my employees.
Sorry to hear about that. Any chance of getting it going again?
There's always a chance. But my attention and dedication has been spent better elsewhere. Once someone defines what success is to them and not what others defined it as. Than nothing can stand in your way.
[ employees being actual family.]
Pelosi didn't have their stock so fuck em
They might not have owned the stock but I read that the Pelosi's had money in that bank....
Goddamn right.
This is some bullshit. Watch - not one single member of congress will do fuck-all about this except maybe bitch about it on social media.
Fuck these assholes.
The rule of law no longer exists in America so feel free to do whatever you want.
There’ll be sine stern tweets.
If SHTF on my watch I know I got some backlogged justice to catch up on, so maybe we needed the “pause” to allow the people to catch up to a runaway system.
This is not a taxpayer bailout. It is an insurance fund of about $100 billion that banks have paid into for decades specifically for this purpose. Its meant to prevent a cascade failure in the system.
The insurance fund was only intended to cover deposits up to $250k.
That is like buying a $100k life insurance policy and trying to collect $1 million .
This isnt the fdic insurance fund. It is a fund that banks pay into that is separate from the $250,000 fund.
"The Deposit Insurance Fund, which will cover the deposits, is funded with quarterly fees assessed on financial institutions and interest on government bonds."
You are really falling for the propoganda hook line and sinker.
There only is one insurance fund, amd yes, it is funded by quarterly assessments amd some earnings from bond sales, but it only insures up to $250k amd has never been used to bail out larger accounts previously.
Where did the ”insurance fund” get its money? Banks.
Where do banks get their money?
Stop spamming your propaganda.
Godamn dude. Are you like 13?
I seriously doubt they sold enough assets over the weekend to cover that. I suspect the "lending" program the fed announced will cover it, then be "reimbursed " pennies on the dollar after selling the assets for dirt cheap.
Yeah, or they’ll actually just print more, no?
What are the alternatives?
I don't see the other alternatives. The nonsense line about "losses to the deposit insurance fund to support uninsured depositors will be will be recovered by a special assessment on banks" is of saying the losses will be passed along to bank customers.....so yes that's a bailout.
When the FDIC slush fund isn't enough, they either get a load from the Treasury or they get a bailout, they have historically done both and both are always on the table as the slush fund isn't always solvent... Both options are backed by the taxpayers...
Exactly, I suspect part of that "loan" program to provide liquidity to banks will be pumped into the fdic to cover svb deposits. That and charge you, me and every other person that uses a bank to collect the "special assessment " fees the other banks will be charged to recover funds used to take care of uninsured deposits.
The bank failed because it's holding a ton of ten year Treasury bonds as low interest rates making the bonds they hold unattractive. Why buy the bonds they are selling at full price when you can buy one at a much higher interest/return rate. This problem isn't going correct itself in a year. They are stuck with those bonds until they mature or will have to sell them far below value to make them attractive enough to move.
Exactly, depositor weren't going to take 1% on their deposits when they can buy short term treasuries paying 3 times that. They didn't have the cash to cover deposits and as you said they bonds weren't worth anywhere near what they paid for them.
That’s a good take.
Unless Monday starts off with stories in how the other fund managers have taken over the books that did t go under, you are probably right.
So it's just basically a bailout without calling it a bailout?
It's not a traditional bailout where the taxpayers are funding it. The money is coming out of an FDIC pool funded by the banking industry.
Are your bank fees going up? Probably, but you can always switch banks and it's not coming out of your taxes at least.
Not really, the Fed is buying all SVBs bonds at par, even if they are trading at $60-70. These bonds have rates around 1.75% and durations around 6-10 years. There’s $100B+ of these bonds. The Fed is going to lose billions over the next 6-10 years on these, but who fucking cares right?!
The "Fed" shouldn't even exist, let alone have private shareholders profiting from government debt. If the Fed is really taking a haircut, I certainly wouldn't shed a tear.
Ukraine certainly doesn’t.
Get your money out of your own banks. They're cleaning out the FDIC's reserves so if/when other banks crash, the billionaires get theirs, but you'll be too late.
(Disclaimer: don't take investment or financial advise from random people on the internet you know nothing about. Be intelligent. Think for yourself, and manage your risk accordingly)
Cash will be useless if that scenario happens.
Buy assets instead.
Revenue generating assets* to be specific.
Buy gold.
Inflation is about to get a whole lot worse
Damn that Trump guy!
No, not because of this. This is being paid from an insurance fund of about 100 billion that banks themselves have paid into for decades. Its only used when there is a risk of cascade failure. NO TAXPAYER MONEY IS INVOLVED.
If it was that easy, there would never have been the large scare there was about uninsured deposits.
100 billion is going to be wiped out by the millionaire/ billionaire depositors in that bank. You are retarded.
just this FUCK YOU, THEY MADE BAD INVESTMENTS LET THEM FAIL
Didn't even have risk management
They did but xir's idea of risk management was to get the ESG score as high as possible. Let's not worry about having the money to cover deposits.
Nope, they went 8 months without a CRO 😬
Great, as long as they have $200B worth of used desk chairs this will work really well.
They don't have the authority to dole out more than the maximum FDIC insurance value. Only congress can approve taking money out of the pockets of tax payers.
Yeah... but who is going to stop them?
The Fed is doing it. The federal reserve isn't a government body, it's a private entity which for some stupid reason we gave authority over our monetary system.
Most of their assets are treasury bills worth...... about $200B
Someone who understands this isn't about assets, per se, but liquidity.
Except the retard above who literally didn't understand they had assets to back the deposits.
THIS IS THE NEW COMMIE BIDEN REGIME
TARP is infinite. Bigot. I mean, obviously.
Every time they print money out of thin air, your money is worth less.
This is just more theft from the American working class.
Worth less or worthless?
Why not both? 🤷♂️
It's not worthless just yet, but at the rate were headed, it will be.
So the Fed is now the creditor of last resort. I had been thinking this might be the case. Now we will see bankers take bigger risks since there is literally no downside. Moral hazard increase to infinity.
The only downside is the death of America but that’s the goal. Basically they will squeeze all they can out of this country till it fails
Yes. This.
So the non insured funds are somehow insured?
Magically by big daddy government when it suits them and a commie is president.
Sure why not, the dollar has lost so much value and they’re just gonna print what they need /s. Shits gonna collapse. Seen a lot of crappy times in my 75 years, nothing matches the shit going on these days.
Does this mean that everyone should move their money to SVB? Seriously. No regional bank will be given this treatment and SIPC doesn't provide full-indemnification for investment accounts. SVB is the safest bank for all the wrong reasons.
It does if all your clients are woke turds.
All while we pay for it. This is getting old
This story isn't complete, who the fuck bought several billion in assets and for how much...?
Soros. Pennies.
Fed creates the money to loan against the banks assets. They are not using the current value of the assets but the potential future value. It's a huge gamble with unfavorable odds of winning, and when it fails the inflation caused by printing the money will be be locked if forever.
It was Nancy Pelosi and Kevin McCarthy cause that's were the money is at
Bail out?
They won’t call it that, but Daddy/Uncle Sam will fix it for you, sweetheart.
But that's what this is. Thanks for contributing your fair share against your will.
Just like we're not in a recession just like men are women etc etc
Taxpayers on the hook again. The 'fund' they are using is supposed to for Social Security.
The taxpayers are not woke enough, and must be punished.
So, there is no risk to poor management?
There is no laws in a lawless communist regime, shut up and give them your shit slave. Thats what do nothingers get
The next magic trick is watching the stock 50x but any normies trying to buy on the cheap in the AM before this happens will be locked out.
Then when it is WAY overvalued peeps who had GTC at the ask will get their orders filled and end up holding the bag when the FED "clarifies" what protected means and things crash again.
Good analysis. Can’t wait.
More "too big to fail". So when you spend your resources hiring woke stooges, you get rewarded with federal guarantees.
Too gay to fail is the new too big to fail.
Their profit is private. Their failures are public.
Meanwhile in Ohio.
We call that a BAILOUT
https://patriots.win/p/16aTVGbKVi/joint-statement-by-treasury-fede/c/
LOL no burden to the taxpayer... so they're printing, and we won't be taxed but inflation goes up. Got it.
This is the most undemocratic bullshit of all time. Speechless. It's all out war against us. They're getting bailouts for their leftist agendas as they discriminate against us in banking, then we get forced to pay for it - after the Execs already cashed out with bonuses right before getting shut down - while we're about to be targeted with more audits. They've made MAGA into the slaves of this country.
Well fuck you. What are you going to do about it?
So, they robbed the signature bank to pay the SVB..
Called it. Too many Uniparty allies would have lost out, so the Uniparty will steal the money from the taxpayer to protect depositors from their own stupidity putting their money in a woke bank which was taking stupid risks on woke bullshit.
They get all the reward despite carrying zero risk. Normal Americans get none of the reward and were carrying all of the risk all along.
Correct good sir.
How is that not a bailout
A flood of money to the DNC will be forth coming in compensation.
commies need smoked
Call it what is. BIG TECH BAILOUT