Is Armageddon Upon Us????

[Nick Caprinolo]

To be fair, I reviewed TC's broadcast on Youtube and think you are placing too much emphasis on his "tour guide" characterization. TC's narrative on the videos do not misrepresent what is being shown- i.e. people just walking around the capital. He did show the mainstream media clips of illicit activities outside and be assured only the most incriminating clips were allowed to be released early on. He pointed out the lies about 6 police being killed that day, that some insurrectionists were armed -with flagpoles. He made no mention of Ashley Babbit which if his intent was to create bias this ommision does not seem plausible. His main point was to show the absurd manner in which the "insurrection" at the Capital was presented to the public. The government had evidence to hide and was the reason the clips were not made public for 2 years.

There is already a thread on this subject. Pleased do not hijack this thread. We are talking about a bank failure here not Jan 6th

 

[CharlieNC]

Fortunately several of the SVB executives sold their bank stock last week before their troubles went public and their stock crashed! Do you think they will get Martha Stewart's old room? They probably know Pelosi for comfort.

 

[ronsatspokane]

IT sure is, up until, We the People ( Tax Payers ) ARE Stuck with,.. the Bill !
I'm reserving my Laughter,.. until,.. the End of the Week

Talking to some folks while out shooting a round of sporting clays this morning. That was their concern. That Biden could bail everyone out. Yellen said not going to happen. Does anyone believe a word that comes out of these peoples mouths? I don't, you could be correct.

 

[ronsatspokane]

Really?? Is it somehow a surprise with 9% inflation, the Fed was going to raise rates?
Please stop in the gift shop on your way out….buy an economics 101 book while there.

Fed had no choice. They had to counter the stupidity of the Biden administration. The bank did have a choice and they made some bad calls. They were over invested in long term treasury notes. What happens when interest rates go up and you are holding long term notes at low interest rates? You guessed it, you get squeezed. They could not raise cash to cover withdrawals and that snowballed. The interesting thing to me is who got out of the stock early and who got their cash. Looks like massive insider trading.

And P.S. I don't need the 101 book. I've got 4 years of economics classes and not the kind of classes AOC had. She must have specialized in some leftist economics program like the econ of poverty taught by socialist profs because should would not know a supply or demand curve if it bit her in the ass. I ended up in software and spent my first 5 years at what were called Savings and Loan institutions writing software for Certificates of Deposit systems and savings accounts. That was up until that industry collapsed and Hillary was up to her neck in it.

 

[Infrequent Shooter]

It is more complicated than that. SVB was heavily invested in low interest treasury bonds. Prices have crashed as rates increased. Couple that to their buy back of own stock shares. & don't forget all those EDI programs funded...It adds up....mike in ct

And I just read that executives paid themselves some bonus money just recently. Imagine that.

 

[ronsatspokane]

Question for those familiar with bank operations - how much cash does a branch have available to disburse? Are there any guidelines/rules used to establish the amount? Reason for asking is a recent experience I had with two local branches requesting a $5000.00 cash withdrawal. Neither could honor on demand and both told me it would take nearly a week!

Banks are required to maintain what is called a "reserve". Known as the reserve requirement. It is a small percentage of total deposits. If the bank falls below the reserve requirement it borrows from what is called the Fed window at what is known as the fed funds rate to cover themselves for the evening. The fed funds rate is a much lower rate than you would get on a loan.

If they could not give you 5k in cash, there is something else going on. It could be that the cash was kept in a central location and would need to be transported. If I were banking with that institution I would want answers and if I got bullshite, I'd move my money.

 

[LHSmith]

No shit? Well apparently she changed her name to Gregory Becker and transitioned into a tall, bald, white guy.

P.S. CEO’s don’t make these calls, investment committees make these calls.
Done now….I’ve got a headache.

I fixed my original post. The fake news media had her pic -Jay Ersapah- and it was labeled CEO, CFo, or SEO or something.
P.S. Whoever made those calls should be sentenced to a penile colony for their crimes.

 

[MUP]

They will worship unrighteousness as righteousness.

Not only will they call evil good and good evil, they will worship those that call evil good as the good.

That's now. That's not in the future. This is Babylon. Right here.

Passing laws to promote immorality even.

 

[cardman5448]

We'll soon have electronic currency, and all freedom will be gone with a government in full control.

 

[LHSmith]

We'll soon have electronic currency, and all freedom will be gone with a government in full control.

Unless you are good at hacking. Rushkies and chicoms are just waiting for that.

 

[Idaho-Lefty]

Lots of People are, Freaking Out !
Watch THIS on YouTube for, some,.. "Clarity" ,..
The Bank Run Apparently Starts on Monday,.. by Sasha Yanshin and He says,..
Don't Panic and,.. I Agree

 

[markT]

Did I hear "Okra" and Prince Harry were heavily invested or another rumor?

 

[Dusty Stevens]

Did I hear "Okra" and Prince Harry were heavily invested or another rumor?

We can only hope. This may be why its being discussed to bail all the depositors out. Look and see how much circle and roku had deposited.

 

[TRSR8]

Here, folks, out today, is the definative review of SVB.

The Real Reason Silicon Valley Bank Collapsed | National Review

As is the case with most episodes like this, there is not one story at play, but many — there is not one lesson, but many.

www.nationalreview.com

 

[Idaho-Lefty]

NOTHING to WORRY about, Folks,. "We the People",.. "Bailed Out", ANOTHER,.. stupid, fudging,.. Bank !

 

[338 Mollett]

I WILL FIX IT I'M GONNA SIT BACK AND CALL THEM BAD NAMES !!!

 

[Riesel]

MAKE THIS MADNESS STOP !!!!!!!!

 

[Louisiana Shooter]

We're just getting started.......this is going to get worse. Much worse.

 

[Dgd6mm]

Let's see what unfolds in the next couple of months.

 

[Knotwild]

This is confusing; if it was decent sized chunk of even half-assed dirt he could've gotten paid by someone else to grow corn...

I'm not sure I understand. You mean grow it to harvest, or have someone like DU subsidize it? Or charged to hunt there?

My statement was intended to say that if money was worth something (costs interest) and not inflated, he would probably be doing something different with the money. Of course there are many other factors like money/tax breaks for easements, money made from timber harvests, deductions for contributions to DU, etc. But he can afford some full time accounts.