Is Armageddon Upon Us????

[LVLAaron]

I don't think anyone told anyone to dump stock. They were told to pull their money. Nothing wrong with that.


The folks held accountable are the employees and stock holders. They end up at the end of the day with nothing in their pockets.

 

[Coyotefurharvester]

The same individuals who caused the 08-09 bank "bailout" are sitting on the boards of these banks, also big dem supporters/party members. Uncontrolled Fed reserve money printing(resulting inflation), uncontrolled spending is/was used to weaken the dollar and strengthen the push by world globalist to have a single digital currency. Your freedom(safety) is being eroded as marxist become more entrenched in all levels of government. This is intentional for POLITICAL AGENDA reasons,(destroying the constitutional republic).

 

[ronsatspokane]

I don't think anyone told anyone to dump stock. They were told to pull their money. Nothing wrong with that.


The folks held accountable are the employees and stock holders. They end up at the end of the day with nothing in their pockets.

Not sure but as this evolves it seems it had been clear for months that SVB was in trouble. Questions are emerging about where the regulators were when the liabilities clearly exceeded the assets once interest rates started to rise. And one wonders where the regulators are with regard to other banks that may end up in the same position. Signature Bank for example. Questions about who knew what and when are also on the table so we don't know everything about who told who what and when.

The funny question arising is about the democrats promise to stick it to the rich. Now that Biden has promised to bail out individuals and companies who had millions in uninsured deposits in the bank, even the least astute observer should understand that this was a lie. Intelligent and honest democrats should be jumping ship like it was the Titanic. How many intelligent and honest democrats does anyone think exist? That's a rhetorical question.

 

[Dusty Stevens]

I have a suspicion that if the first bank to fall woulda been in say, nashville, they wouldnt make the depositors who have never read that sign on the entry door and at the teller counter whole again.

 

[LVLAaron]

Dusty, for sure. SVB is a prolific institution (I'm in tech startups) heavily invested in DEI and "social" programs. What we'd call wokeness around here. Even the large banks that failed right before and after SVB weren't made out to be as big a deal.... I strongly believe due to the nature of SVB being utilized by the most wealthy influencers... it was important to the Fed to not let it fail and bring to light that most other banks are in the same position.... Which is largely fine, unless there's a run.


Keep your money in a credit union (which I don't trust for technology infrastructure reasons) or keep it in one of the "too big to fail" institutions.

 

[MQ1]

Dusty, for sure. SVB is a prolific institution (I'm in tech startups) heavily invested in DEI and "social" programs. What we'd call wokeness around here. Even the large banks that failed right before and after SVB weren't made out to be as big a deal.... I strongly believe due to the nature of SVB being utilized by the most wealthy influencers... it was important to the Fed to not let it fail and bring to light that most other banks are in the same position.... Which is largely fine, unless there's a run.


Keep your money in a credit union (which I don't trust for technology infrastructure reasons) or keep it in one of the "too big to fail" institutions.

I would not be surprised if it turned out the Newsome’s venture Plumpjack is heavily involved in SVB…about 2% of their business is in the Wine Industry, however they are one of the most dominant lenders in that NorCal industry…

 

[redrockranger]

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.

Did the FED just give money to depositers. Which came first the chicken or the egg ?

 

[redrockranger]

The same individuals who caused the 08-09 bank "bailout" are sitting on the boards of these banks, also big dem supporters/party members. Uncontrolled Fed reserve money printing(resulting inflation), uncontrolled spending is/was used to weaken the dollar and strengthen the push by world globalist to have a single digital currency. Your freedom(safety) is being eroded as marxist become more entrenched in all levels of government. This is intentional for POLITICAL AGENDA reasons,(destroying the constitutional republic).

I've heard that at the beginning of CHINA virus the fed put $15,000,000,000,000 ??? trillion into the system.
Somehow we need to convince our elected Washington ???? to get CHINA the hell out of U S A .
Thru out our history central banks have come an gone. The current one has bee around the longest.

 

[TRSR8]

I have a suspicion that if the first bank to fall woulda been in say, nashville, they wouldnt make the depositors who have never read that sign on the entry door and at the teller counter whole again.

Dusty, no mater where it happened the Feds would have stepped in . Matters not which bank started this but the fact that a major run on regional banks started to develop Ala social media. The big factor with SVB was not where it was but that average balance in play was about $10mil. That's a lot of cash moving fast.
Much the same as 2008-2009 which many today still do not understand, they did not stabilize a couple banks, per se, they stabilized the entire regional/community bank system.

Even today, how many of these internet financial gurus drone on about taxpayer billions spent back then
How many realize that every single dime spent by the treasury was paid back over a few years....every single dime, plus an average ROI of about 7%/year. Pretty good investment for the US taxpayer I'd say.
The Feds stepped in to save THE SYSTEM not individual institutions.

P.S. Everybody is going nuts about inflation, which will, in fact come down, but nobody seems to recall in post meltdown USA, for years......literally years, the biggest threat to the country was deflation......a far more serious issue the Feds do not really have any effective tools in the tool box.
In a 'what have you done for me lately" society, people are cringing about 4%-5% interest rates that, for most of our lives, we'd kill for. My first house I got a nice 15 3/4% mortgage rate on.
0% is not normal.... 4%-5% is normal...historically.

 

[22BRGUY]

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.

The FED an all other central banks are members of the BIS (Bank of International Settlements) that is about 80% owned and controlled by the Rothschilds.

 

[22BRGUY]

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.

What the FED creates is Not Money. It is Currency that has no intrinsic value other
than paper and ink, just like the mailbox ads you promptly throw in the garbage.
The "FED" is a 2 word Lie. It is Not Federal. It is a private bank and it has No Reserves.
The only power the FED has is our own false belief that those little green pieces of paper
have value.

 

[redrockranger]

What the FED creates is Not Money. It is Currency that has no intrinsic value other
than paper and ink, just like the mailbox ads you promptly throw in the garbage.
The "FED" is a 2 word Lie. It is Not Federal. It is a private bank and it has No Reserves.
The only power the FED has is our own false belief that those little green pieces of paper
have value.

The classic phrase is its not Federal, and has no reserves.
See post #171

 

[rwj]

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.

Great, then the government can suspend all taxes and fund everything!

 

[Idaho-Lefty]

Call your Congressmen / Women and Senators to, LIMIT the "Bailout" to, the FDIC Insurance $$$'s, ONLY !
And to, "Clawback" Funds from, Management !!!
I just,.. DID !
Will,.. YOU ????

 

[358WCF]

 

[AccelR8]

A good book to read. I borrowed it from my local public library shortly after it was published in 2013. Currently available on Amazon and other sources.

https://www.goodreads.com/book/show/17079749-infiltrated

 

[Idaho-Lefty]

Quit arguing about,.. IT,..and Pickup, the damn,.. PHONE
Call Your Congress People,.. NOW ( See Post 174 ).
Or quit,.. complaining !!!

 

[BigBolt]

Semper Paratus

 

[22BRGUY]

Quit arguing about,.. IT,..and Pickup, the damn,.. PHONE
Call Your Congress People,.. NOW ( See Post 174 ).
Or quit,.. complaining !!!

And tell them to at least AUDIT if not END THE FED.

 

[762willdo]

And tell them to at least AUDIT if not END THE FED.

Yup…..worked well for Kennedy…….