Is Armageddon Upon Us????

[Louisiana Shooter]

 

[Louisiana Shooter]

 

[22BRGUY]

Time was when that was true. Presidents know often rule via presidential decree regardless of the law and who is responsible for creating said laws. They no longer care and are rarely challenged. When they are challenged it can take well into the next administration for the challenge to reach the SCOTUS. It feels very much like we have transitioned to monarchy. This is especially true within some states where a small region rules a large amount of land and the populations of that land.

Point well taken...as a matter of fact today I saw where brandon has some executive
gun control com order coming up.
My point was that if anyone thinks the president has more power than the federal reserve
who controls the money, interest rates and manipulates the markets to their liking,
they might want to rethink their position.
So the president is the commander and chief of the U.S. military; so who pays for them
and with what??

 

[22BRGUY]

And there IS a Monopoly too. Check it out on YouTube It seems Blackrock and
Vanguard own pretty much everything..

 

[22BRGUY]

"I am a most unhappy man. I have unwittingly ruined my country. A great indusrial nation is controlled by its system of credit. Our system of credit is concentrated. The growth of the nation , therefore, and all our activities are in the hands of a few men. We have come to be one of the worst ruled, one of the most completely controlled and dominated Governments in the civilized world no longer a Government by free opinion, no longer a Government by conviction and vote of the majority but a Government by the opinion
and duress of a small group of dominant men."
President Woodrow Wilson after signing the Federal Reserve Act. (supposedly)

 

[redrockranger]

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.

We had C. D.'s at that time for 13%. I know someone that 15 % ones. The Fed rate was 22 % if i remember correctly.
The first crash ? i think i remember was 1987 when Long Term Capital Management derivitives failed.The Wall Street brokers and Banks handle it. Then 2000-2008 and now 2023.When smaller banks fail they are often merged.
We have been on a sugar daddy high with low interest rates. High rates will bring the inflation down but there will be pain.

 

[ronsatspokane]

And there IS a Monopoly too. Check it out on YouTube It seems Blackrock and
Vanguard own pretty much everything..

Blackrock is the premier ESG investor. States are removing their pension funds from their management because of it. They are no longer focused on investor returns they are focused on pimping and funding a social agenda with investor money. In doing so they are violating their fiduciary responsibility.

 

[358WCF]

 

[Dusty Stevens]

Im not an economics major but i do read everything thomas sowell ever wrote down. My favorite thought from him is “all debts are paid, either by the lender or the borrower.” This means you cant cancel debt, somebody is going to eat it.

 

[ClayM]

View attachment 1421243

And as long as vendors believe it, I'm good... It's the electronic crap you need to worry about...

 

[MQ1]

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…

Remember, gang….you heard it here first…

Cheering Silicon Valley Bank Bailout, Gavin Newsom Doesn’t Mention He’s a Client

At least three of the California governor's wine companies are held by SVB, and a bank president sits on the board of his wife’s charity.

theintercept.com

MQ1

 

[Capt. Oblivious]

Remember, gang….you heard it here first…

Cheering Silicon Valley Bank Bailout, Gavin Newsom Doesn’t Mention He’s a Client

At least three of the California governor's wine companies are held by SVB, and a bank president sits on the board of his wife’s charity.

theintercept.com

MQ1

Shocked!

 

[wbm]

Luke18:6 Then the Lord said, “Hear what the unjust judge said. 7 And shall God not avenge His own elect who cry out day and night to Him, though He bears long with them? 8 I tell you that He will avenge them speedily. Nevertheless, when the Son of Man comes, will He really find faith on the earth?”

Very little.

Revelation 13:8 "
"All inhabitants of the earth will worship the beast—all whose names have not been written in the Lamb’s book of life, the Lamb who was slain from the creation of the world."

 

[DawidB]

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.

Thank you! Voice of reason! I anyone care to read news & info from reputable sources ( there some out there) they could’ve come to the same conclusions as you explained. FEAR is our biggest enemy, and legacy media knows it. Stop fearing every little bit of’bad news’, inform yourself of the true state of affairs.

 

[dcali]

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's hard not to hold your tongue at times on these threads because people don't want to hear it. SVB was a weird bank. Back when I worked in tech startups, they were always hailed as the ones who "get innovation" and were the only ones willing to talk to a startup about anything more than a checking account. That always seemed weird to me. And the duration mismatch is almost unbelievable - like how could they do that? It's finance 101. I will say that I'm a bit concerned about other banks as well, just not for exactly the same reasons. Tough financial times uncover poor management of many kinds - I see Credit Suisse is having a rough time of it this morning.

 

[redrockranger]

And as long as vendors believe it, I'm good... It's the electronic crap you need to worry about...

The 2020 election was not stolen by computers !!!!!!! or was it ??????

 

[ClayM]

The 2020 election was not stolen by computers !!!!!!! or was it ??????

Dominion?????...

 

[TRSR8]

It's hard not to hold your tongue at times on these threads because people don't want to hear it. SVB was a weird bank. Back when I worked in tech startups, they were always hailed as the ones who "get innovation" and were the only ones willing to talk to a startup about anything more than a checking account. That always seemed weird to me. And the duration mismatch is almost unbelievable - like how could they do that? It's finance 101. I will say that I'm a bit concerned about other banks as well, just not for exactly the same reasons. Tough financial times uncover poor management of many kinds - I see Credit Suisse is having a rough time of it this morning.

Yep, I hear that.
A couple followup points. First off, in the last year, their deposits increased by over $100 bil.
Their first mistake was assuming net deposits would continue to increase, with little withdrawal needs, so they could not rationalize that much cash earning 25 basis points, thus the move out to the long end of the curve instead of more barbell, lots long/ lots short.
Biggest mistake was not placing a hedge agains the long duration, that was plain f..king stupid.

 

[ronsatspokane]

It's hard not to hold your tongue at times on these threads because people don't want to hear it. SVB was a weird bank. Back when I worked in tech startups, they were always hailed as the ones who "get innovation" and were the only ones willing to talk to a startup about anything more than a checking account. That always seemed weird to me. And the duration mismatch is almost unbelievable - like how could they do that? It's finance 101. I will say that I'm a bit concerned about other banks as well, just not for exactly the same reasons. Tough financial times uncover poor management of many kinds - I see Credit Suisse is having a rough time of it this morning.

And just this morning Credit Suisse is confessing some sins of it's own. Seems that they had some accounting problems through 2020 and 2021 that they have been struggling with in silence. Saudi's who are their largest investors say no more cash to bail them out. It is beginning to look like every bank with problems is going to confess now that Biden has established that the American public will bail them out. Time for everyone to jump into the money pot.

Oh, and the DOW took a shit because of Credit Suisse. There go those retirement funds. People say we should not fear. They are mistaking fear for anger and disgust.

 

[Louisiana Shooter]