Is Armageddon Upon Us????
- Thread starter Nick Caprinolo
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I wonder how many wokes have any cash, excluding ATM’s!
Have any of y'all read 299 days by Glen Tate? Fiction, of course, but estimates how different worldviews will react changing circumstances.
Make no mistake, competent people will find a way forward be they good, evil or something else...
Make no mistake, competent people will find a way forward be they good, evil or something else...
yup. Ole sleepy joe upgraded my stereo system to accend acoustics and rythmic sub.You can't deficient spend forever - I don't know about Armageddon, but a financial collapse is enviable.
But hey, that's why Marker's Mark and Knob Creek exists. I have my Armageddon supply ready at a moment's notice. I'll put on the Rolling Stones Hot Rock CD or my Good, The Bad, and Ugly soundtrack, make a pitcher of Manhattan's and let it rip. 
PS: However, would like one more season of ground hog hunting.
most people went to disney world.
lol.
keep spending money ya dont have Brandon and raising the debt ceiling
like trying to dig yourself out of a hole.
3Sigma
Silver $$ Contributor
Venture Capitalists gonna venture...
That's who their main client base was. With the stupidity of Silicon Valley, got over extended and high interest rates put them in a bind. Add in a bank run once the word got out, and here you are.
No skin off my back. Call it a correction. Lehman Brothers it ain't.
That's who their main client base was. With the stupidity of Silicon Valley, got over extended and high interest rates put them in a bind. Add in a bank run once the word got out, and here you are.
No skin off my back. Call it a correction. Lehman Brothers it ain't.
TRSR8
Silver $$ Contributor
Love it when shooting forums delve into global finance. The vast majority of what’s posted up so far is dead wrong.
It was, for the record, a case of singularly bad management that took a huge part of their balance sheet and invested in long term bonds….way too many.
You know what happens to the price of very long term bonds just when the Fed starts to aggressively raise rates….they go down….a lot. They booked $2 billion surprise loss. When the majority of your depositors are institutions with an average balance of $10 million, they start to withdraw…..also fast.
Like I said….it’s pretty much a one off, virtually no other bank is structured quite like them. They were a primary fund source for tech projects, that was not the issue…….good old fashion concentrated investment positioning.
And before everybody gets their panties in a wad, I spent 40 years with a major financial institution running a fair sized book.
It was, for the record, a case of singularly bad management that took a huge part of their balance sheet and invested in long term bonds….way too many.
You know what happens to the price of very long term bonds just when the Fed starts to aggressively raise rates….they go down….a lot. They booked $2 billion surprise loss. When the majority of your depositors are institutions with an average balance of $10 million, they start to withdraw…..also fast.
Like I said….it’s pretty much a one off, virtually no other bank is structured quite like them. They were a primary fund source for tech projects, that was not the issue…….good old fashion concentrated investment positioning.
And before everybody gets their panties in a wad, I spent 40 years with a major financial institution running a fair sized book.
Yeah. It’s currently called CCN, NBC, MSNBC, ABC, The Washington Post, The New York Times, etc., etc..
Most of the truth comes from Fox News, Fox Business, News Max, Sky News, Blaze, and Forbes.
Also what Musk revealed when he bought Twitter. The Dems even had hearings about who Musk gave the information too. Add how the Dems went off the wall complaining to Fox News to shut down Tucker Carlson about his reporting the truth about Jan. 6th 2021. Watching Shummer whining about the the 1st Amendment how these right wing journalists are corrupting the truth just shown how deep the treasonous corruption in the Demonrat Party.
My apologies for drifting the thread.
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This kind of reminds me of the 2011 movie MARGIN CALL, where a investment firm over extended its self. The company had a fire sale to try and recoup some losses and sold junk stocks to do it. All that did was sully the investment companies name screwing over the stock purchasers. Although this movie scenario was taking place just prior to the 2007-08 financial collapse.
Let's hope Bill Gates has a few of his billions invested here. He can prop up that bank and stabilize all it's problems. One the other hand, if is involved it's a drop in the bucket to him.
I hope you realize Fox News is in with the rest of them, just selling a different show for their profits. I had a little hope for Tucker, Harris, and Martha but no, there part of ‘em too.
Did you watch Carlson’s repot on Jan 6th. It was scathing in regards to what Pelosi let happen on that day, and how the citizens who are still locked up for entering the House.
What I don’t like about FOX is the constant battle of words between FOX and the rest of the Lib MSM, especially with CNN. But then if someone doesn’t call the lies of the Lib MSM, who will ?
No I haven’t, but I do hope some good could come from it.
@TRSR8 - You're not wrong about what you wrote, but that bank would have been fine if there hadn't been significant withdrawals.
That's the confidence part of the story and what makes that bank a possible domino. If enough people hear the story of SVB, and decide they have less confidence in their bank than they did last week resulting in significant withdrawals from smaller regional banks with similar unrecognized losses then you could some (many) more closures.
Would not be surprised to see a larger bank or the Govt./Fed step in and 'fix' this if for no other reason than to maintain 'confidence' of the people.
On the other hand, maybe bank closures is just what some are dreaming. It might pave the way for a FedCoin/CBDC.
Hank
That's the confidence part of the story and what makes that bank a possible domino. If enough people hear the story of SVB, and decide they have less confidence in their bank than they did last week resulting in significant withdrawals from smaller regional banks with similar unrecognized losses then you could some (many) more closures.
Would not be surprised to see a larger bank or the Govt./Fed step in and 'fix' this if for no other reason than to maintain 'confidence' of the people.
On the other hand, maybe bank closures is just what some are dreaming. It might pave the way for a FedCoin/CBDC.
Hank
Dusty Stevens
Shiner
The good book says in the end we will be ruled by morons and imbecils. I predict we have 7 or 8 days left.
And women.
Dusty Stevens
Shiner
The women are quickly reverting back to pre-suffrage days. These days the best women are men in the woke world
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