Is Armageddon Upon Us????

[MUP]

If I had money I might worry more. As it is I'm just heavily invested in precious metals... Lead, copper and brass. I know where I'm going either way.

 

[Louisiana Shooter]

Very basic summation of Biblical eschatology (end times).

There WILL BE a one world system of government of some type in the near future. Possibly still allowing other nations to exist but they will be subservient to the HEAD.......namely the "antichrist" mentioned in the Bible.

There WILL BE a single monetary system being run by this same world government system. Possibly mixed currencies but one system none the less. (see the Romans monetary system of their day)

There WILL BE a "mark" issued to all people every where. WITHOUT IT you can not buy or sell anything.

Persecution of (some believe there will be a "rapture" before this happens) Christians (possibly ALL religions except the "state religion" of that time - no religion is a religion in and of it's self - atheism - see what the communists have done concerning this)

There WILL BE massive war and death during these times as the "antichrist" conquers all other nations.

At some point at the end of all of this, ALL NATIONS will gather against Israel and the final battle - "Armageddon" will take place.

Jesus WILL RETURN at this time to judge all nations and peoples. All the Kingdoms/Governments of this earth will become His.

There are a lot of other details left out of this, but these signs will be some of the most evident of all.

Many believe there will be a "rapture" before this takes place.........I believe it is irrelevant. At His return (when ever that takes place) will you be found faithful to Him? THAT is the real question. Will you be found DOING His will? True followers DO His will, NOT just "use" His name.

I've got some repenting I need to do now..........

 

[abishai]

I highly doubt this is the end. We are all getting one step closer to "Leaving The Range".
Chance are much higher we will end in a pile of medical bills and our own shit than
a blaze of glory . Best to prepare for either scenario

 

[TRSR8]

Where did the banks get the funds? Depositors! Where did the depositors get theirs funds? They worked for them! Government produces/makes nothing!

RE my reading for understanding comment.
Nobody is talking about where banks get deposits friend.
The original point was…somebody stated the regulators resolution would be a taxpayer expense since ALL govt. is funded by taxpayers.
The regulators( Federal Reserve) protection policies are funded by fees paid by banks that participate in Federal Reserve operations, not taxpayers.

 

[rockhound78]

I guess Western Alliance Bancorp is down 42% and First Republic bank is down 50% right now. Signature bank collapsed yesterday.

 

[redrockranger]

So where does the money really come from? Like Social Security, the bank fees go into the general funds and the feds use it hopping it won't be necessary to be used for it's intended purpose. The money needed to bail this bank will just be added to the national debt.

Where do you get off deriding the members of this forum by insinuating we can't read.

Further, the name of our Lord is not to be used in this manner.

It's a book keeping entry. We barter with something called dollars. The problem is placing value of a dollar.The more of anything there is the less it's worth. Basic idea of almost everything. Thus as they create more dollars the less your current dollars in the bank become worth less, also known as inflation.

 

[redrockranger]

RE my reading for understanding comment.
Nobody is talking about where banks get deposits friend.
The original point was…somebody stated the regulators resolution would be a taxpayer expense since ALL govt. is funded by taxpayers.
The regulators( Federal Reserve) protection policies are funded by fees paid by banks that participate in Federal Reserve operations, not taxpayers.

Money is created by debt. As i understand member banks borrow from the Fed and then loan it out. There is a spread from what the member banks borrow at and what they lend at also known as interest rate.

The Fed Reserve was created and signed into law by Woodrow Wilson in 1913. Along with the IRS.

The FED is owned by about 12 other banks worldwide as i understand it.

 

[RKS]

Everyone can relax now:

“Thanks to the quick action of my administration over the past few days, Americans can have confidence that the banking system is safe," Biden said. "Your deposits will be there when you need them."
"In my administration, no one is above the law . And finally, I must reduce the risk of this happening again," he said.

Then caught on a hot mic while walking away from the podium:
"...where are we going now?"
Follow me, Mr. President.
"And what was that about a bank? Did someone rob a teller machine? Crime is just terrible."
No, Mr. President. Yes it is, Mr. President.
"Did you ever find out who put raisins in my oatmeal this morning? I hate raisins in my oatmeal."
We'll find that out for you, Mr. President.

 

[Idaho-Lefty]

Perhaps I misunderstood a statement from Janet Yellen about the SVB situation, but she reportedly said that restoring all depositor funds will not be born by the tax payers. Considering that we the tax payers provide all government funds, how could anyone be so foolish as to utter such a statement?

IT's called,.. Democrat, Crony Capitalism,.. "Magic" !
NEITHER Party, is "Great" and "We the People", NEED to, Be very CAREFUL about,.. HOW, we Vote.
The Values of THIS Country, as we ONCE knew it,..is,.. at Stake, BUT,..
TIME is, running,.. Short !

 

[ronsatspokane]

Perhaps I misunderstood a statement from Janet Yellen about the SVB situation, but she reportedly said that restoring all depositor funds will not be born by the tax payers. Considering that we the tax payers provide all government funds, how could anyone be so foolish as to utter such a statement?

That is not where it started but that is what it is morphing into. Whose money are they using? Government money? Wonder whose money that government money is?

The bottom line is that there will be millions of people who will vote for this administration if it runs for another term (notice the use of pronoun it). Proof positive that the depths of stupidity will never be fully plumbed.

 

[ronsatspokane]

I will be offering a free " reading for understanding" course this week.....Jesus, how many facts are needed for a few.
Point of fact, Govt does not get all funds from taxpayers. This 1 year moratorium will be funded by bank fees paid to Feds.
Point of fact, the Fed, more or less, long factored in this type deal as rates raised. Remember, nobody got anything placing money short term....it forced institutions out on the duration curve. This...known by everybody.
The single biggest screw up these guys made was not placing rate hedges in place which many/most do, so in effect the Fed gives them a year of protection to realign their portfolio and/or allow some to be acquired by other institutions....self correcting if you will, to a large extent.

Do you know where those "bank fees" originate? Whose money is in the bank? Who owns the banks? The government does not earn money. Every dime originates in one place and one place only. The pocket of individuals working in the private sector, in other words, the true tax payers. This includes the printing of money and deficit spending. Those sources are a tab that the tax payer will eventually be forced to pay either via inflation (as we see today) or as debt that needs to be repaid. Then there are the infamous import duties. Those are as close to a direct tax on goods and services as a sales tax is. The US government is owned by the citizens of the US. The US government has, owns and earns nothing. The US government is our hired help.

 

[kochie]

I will be offering a free " reading for understanding" course this week.....Jesus, how many facts are needed for a few.
Point of fact, Govt does not get all funds from taxpayers. This 1 year moratorium will be funded by bank fees paid to Feds.
Point of fact, the Fed, more or less, long factored in this type deal as rates raised. Remember, nobody got anything placing money short term....it forced institutions out on the duration curve. This...known by everybody.
The single biggest screw up these guys made was not placing rate hedges in place which many/most do, so in effect the Fed gives them a year of protection to realign their portfolio and/or allow some to be acquired by other institutions....self correcting if you will, to a large extent.

Bad investments & taking care of your Silicon Valley buddies

 

[LVLAaron]

That is not where it started but that is what it is morphing into. Whose money are they using? Government money? Wonder whose money that government money is?

The bottom line is that there will be millions of people who will vote for this administration if it runs for another term (notice the use of pronoun it). Proof positive that the depths of stupidity will never be fully plumbed.

SVB wasn't totally insolvent. They have something like 98 percent of the assets they need. They ran into almost 200 billion dollars extra cash in 2021 (like all banks did) and ended up buying long term bonds. Interest rates were low. It was a good long term plan.

Then the fed hiked rates, again, and again, and again, making the bonds SVB held worthless.

If I had to guess... the fed is going to buy the bonds and sell the banks assets. No real money lost. Government holds the long term bag... and that's fine.



Peter Thiel saw some of the writing on the wall about the investments and told his companies to pull their money. That scares everyone else, and a bank run happens. Any bank can crash if there's a run on it.

I'm not going to get upset about it until we know more, and know exactly what the Fed did to solve it.

 

[kochie]

SVB wasn't totally insolvent. They have something like 98 percent of the assets they need. They ran into almost 200 billion dollars extra cash in 2021 (like all banks did) and ended up buying long term bonds. Interest rates were low. It was a good long term plan.

Then the fed hiked rates, again, and again, and again, making the bonds SVB held worthless.

If I had to guess... the fed is going to buy the bonds and sell the banks assets. No real money lost. Government holds the long term bag... and that's fine.



Peter Thiel saw some of the writing on the wall about the investments and told his companies to pull their money. That scares everyone else, and a bank run happens. Any bank can crash if there's a run on it.

I'm not going to get upset about it until we know more, and know exactly what the Fed did to solve it.

If assets are enough to cover ?

 

[ronsatspokane]

SVB wasn't totally insolvent. They have something like 98 percent of the assets they need. They ran into almost 200 billion dollars extra cash in 2021 (like all banks did) and ended up buying long term bonds. Interest rates were low. It was a good long term plan.

Then the fed hiked rates, again, and again, and again, making the bonds SVB held worthless.

If I had to guess... the fed is going to buy the bonds and sell the banks assets. No real money lost. Government holds the long term bag... and that's fine.



Peter Thiel saw some of the writing on the wall about the investments and told his companies to pull their money. That scares everyone else, and a bank run happens. Any bank can crash if there's a run on it.

I'm not going to get upset about it until we know more, and know exactly what the Fed did to solve it.

Yes, I agree that SVB got caught in a squeeze, of sorts. That is pretty well established. One question is, how did word get out such that some were able to liquidate their positions and get their cash while others got caught holding the bag. I don't buy the story that the CEO sold 2 weeks before and didn't know that the bank was flushing down the toilet.

A bigger question is, where does the money in the fed come from? The fed is an agency of the federal government. Who owns the federal government? You and I do. As such the money in the fed is yours and mine. The fed is going to use our money to buy low interest financial instruments that they issued in our name in the first place. It is what should be technically termed a financial reach around.

And the biggest question of all is: When will the FDIC be dissolved? Clearly the FDIC is now a relic of the past. The US taxpayer is now on the hook for all bank bailouts and all deposits of any amount with no limits. Bank employees are now free to gamble with deposits and under this administration you can bet that those gambling activities with be rooted in ESG based activities.

 

[redrockranger]

Yes, I agree that SVB got caught in a squeeze, of sorts. That is pretty well established. One question is, how did word get out such that some were able to liquidate their positions and get their cash while others got caught holding the bag. I don't buy the story that the CEO sold 2 weeks before and didn't know that the bank was flushing down the toilet.

A bigger question is, where does the money in the fed come from? The fed is an agency of the federal government. Who owns the federal government? You and I do. As such the money in the fed is yours and mine. The fed is going to use our money to buy low interest financial instruments that they issued in our name in the first place. It is what should be technically termed a financial reach around.

And the biggest question of all is: When will the FDIC be dissolved? Clearly the FDIC is now a relic of the past. The US taxpayer is now on the hook for all bank bailouts and all deposits of any amount with no limits. Bank employees are now free to gamble with deposits and under this administration you can bet that those gambling activities with be rooted ESG based activities.

 

[redrockranger]

See post #147

 

[ronsatspokane]

See post #147

That's not correct. The money that is loaned by a bank is money on deposit. In other words, your money deposited in a bank is loaned out with a bit held back to meet the reserve requirement. If they fall short of meeting their reserve requirement they borrow through what is called the fed window to cover themselves for the evening. The loans taken by banks from the fed are short term.

When your money is loaned, it ends up in someone else's hands and eventually in another bank. That bank then makes another loan while holding back part of that money to meet their reserve requirement. Hence what is known as the multiplier effect. Your money is loaned many times by many banks in decreasing amounts due to the reserve requirement.

As far as money being created by debt, that is a subject in and of itself. Wealth is constantly being created and it takes many forms. Currency is only used to represent that wealth. Debt is also measured by a given currency. In the US that'd be dollars.

 

[LVLAaron]

One question is, how did word get out

Peter Thiel. Big time investor/startup guy. He knows everyone. He told his companies to pull out... everyone talks in the valley, absolutely everyone. So... more people start pulling as well. Blindly, because they heard Thiel said to do so.

 

[ronsatspokane]

Peter Thiel. Big time investor/startup guy. He knows everyone. He told his companies to pull out... everyone talks in the valley, absolutely everyone. So... more people start pulling as well. Blindly, because they heard Thiel said to do so.

Yeah, that was after Becker sold a couple mill worth of stock though. He sold 2 weeks before. If he told Thiel to dump stock and pull his cash then Thiel passed it on, both need to be prosecuted for insider trading. There seem to be finger prints all over this thing. Will they be held to account?