Bank Run Watch 2023 after Silicon Valley Bank shutdown - Over 97% of SVB's assets were not FDIC insured

[Thiletonomics]

Anyone else checking their banks' home pages to see if they've put up any messages, or if they've sent out any emails, trying to reassure customers that their money is safe?

It could be they're keeping radio silent until they see how things play out tomorrow.

I do wonder if those messages are because the bank is financially stable, or if it is a THIS IS FINE situation that is about to become a shitshow.

 

[Mikoyan]

Eh, Adderall is sadistic because it enables the globohomo mentality 'always productive all the time' to benefit employers.

Acid, lsd, etc., aren't quite as except it likely played a role in A LOT of people thinking "maybe we should let men dress like women". That and hwite altruism is not a combo that has worked out well.

The entire idea of this trend in the 'tech culture' is to increase your personal output. It's all utterly ridiculous.

 

[macrodegenerate]

The entire idea of this trend in the 'tech culture' is to increase your personal output. It's all utterly ridiculous.

I still argue that Adderall and Pot are the two most dangerous drugs out there. They aren't very addictive on a physical level, but with the right mindset and societal pressure, you can waste your whole life away on them.

 

[Mikoyan]

I still argue that Adderall and Pot are the two most dangerous drugs out there. They aren't very addictive on a physical level, but with the right mindset and societal pressure, you can waste your whole life away on them.

I fully agree. Seen it too much.

 

[Snekposter]

They really were surprised by the bank run. Those bonus transactions are getting reversed and Becker just ensured any bank account he has access to is going into deep freeze. lmao

He's going to be so lubelessly fucked by Uncle Sam that pound me in the ass federal prison is going to seem like sweet relief. Bubba's probably going to vomit the minute he sees what a prolapsed rectum Becker has.

Wonder if the 30% of auto executives still committed to 100% EV by 2030 just flipped?

The knock-on effects of this on utopic Green ideas that can only survive by brute-forcing cash injections is going to be something.

I think some of them might do flips if they haven't already... here's hoping though.

Surprised no one posted this yet.

View attachment 4758630

https://www.youtube.com/watch?v=ef99bFBTR54

Between that chick and the Lehman Brothers one did SVB snatch up everyone who helped create the 2008 crisis through terrible lending practices and fiscal mismanagement?

As Warren Buffet said “when the tide goes out you see who has been swimming naked”. And as proof of financial position demands spread there will be some other institutions and banks caught out which will then cause effects onto other institutions that were technically “OK” but due to the increased stress will then “not be OK”. This is how contagion starts and we are witness to it this week.

The global banking leaders will present a cool front but go back and check their private toilet because right now they are shiting bricks

I wouldn't say I like Warren Buffet, but I probably respect him. He's been smart enough to not chase trends and instead emphasize long-term investments. He's a robber baron in a lot of ways (see him killing Keystone so his railway can keep the oil tanker income) but that's still immeasurably better than the current crop of wokescolds.

 

[ZazietheBeast]

Looks like globohomo is not immune to globohomo. Prime clownworld right here.

 

[WelperHelper99]

Learn To Weld is the new Learn To Code

Buddy, I'm so glad right now. All my efforts in high school were for this moment. You can't fuck me over in a crash. I can charge people for my services ON TOP of my job, all I need is a little garage box like this guy and basically I can repair anything a neighbor can throw at me:

This little 211i is on my list of things to save for rn. A money maker that can make back its cost with a few jobs, or I just start building stuff, tables, chairs, cabinets, and start selling it. Laugh at me now tech bros.

 

[tehpope]

Pappy's unsolicited Depression survival guide.

• Lighters, cigarettes, alcohol, food, bullets, gas and batteries, toiletries, shelf stable medicine, favors and similar. Ask any of your third world or military buddies how to trade in goods when money is useless.
• Learn how to keep your house cool and dry without power too. Even something like a swamp condenser in front of a window will drop temperatures pretty hard. This is why you'll occasionally see some Abuela pouring water on their porch and leaving the door open. Warmth is a non-issue, there's no windchill in a house so you just keep bundling until you're comfortable. If you're sweating, you're wearing too much.
• If you're going to grow food, grow shit that's calorie dense and retard proof. Tubers like potatoes and beets. Gourds like pumpkins. Get guinea hens instead of chickens. They're aggressive little fuckers that will chase off anything after their eggs and will eat anything you give them. Dump all your food trash in the woods or in a lake first. It will more or less work as chum to make getting more critters to shoot and fish easier. It's illegal, but no wildlife management fag's going to be coming in your backyard to make sure you've got a baiting license when they're going to be busy with the influx of every hungry redneck into the local nature preserve or national park. Then you compost it with grass and sticks as a poor man's fertilizer. Then you burn the rest. Get a region specific book for all the edible plants and mushrooms in your area. If you are in nature, there is food at least within a hundred feet of you at all times.
• Go get a cheap rifle or shotgun and sight it in or pattern it respectively. Stockpile ammo yesterday. Shotgun shells are piss easy to reload; you just need fresh primers and powder. You can use anything that could survive the firing process for shot. The hull itself can be whatever but the ones you buy off the shelf are generally reusable until the plastic is separating from the brass.
• Get out of the city yesterday. It's easier to be homeless in the woods as long as you have a way to stay dry than it is to bank on the charity of other poor people, especially the ones that are halfway down the behavior sink. You will find charity in a church way easier than you will on any street corner, even if you're not religious.

Lessons from someone living in Bosnia in the 90s.

 

[Balr0g]

time to break out this little clip again

 

[BelUwUga]

In these dog-eat-dog, survival of the fittest kinds of times you could almost say we're now abiding not by the laws of man, but the rules of nature!

RDrama spotted a real winner

23 part sneed
/r/news reacting to no bailout
/r/Economics
Closing out the post with BelUwUga's stock picks: long on $ROPE clear into next week, sidewalk cleaners are looking to be big business.

 

[Null]

Lessons from someone living in Bosnia in the 90s.

I've shown this to people from Serbia and they won't substantiate this. Maybe Bosnians are really just that much more awful (because they are Muslim rape babies and not European).

 

[Aztec Death Squad]

Question for bidness bros
Considering discussion about the possibility of the US gov wanting to make a central crypto currency, wouldn't this crash knocking down some big players disincentivize a bailout and give the gov more sway in the argument for centralized crypto?

List of Crypto Companies affected by the Silicon Valley Bank crash - TechStory

Various companies affected by the crash of the prominent crypto bank. BlockFi, Circle, Avalanche, Yuga Labs, and Proof are among the crypto names that had exposure to now-shuttered Silicon Valley Bank.

techstory.in

Cross-posting because I'm a sped and didn't realize this thread was here.

In short how does this effect government pushes for centralized cypto when they can point to the many crypto companies that have been affected by SVB as a reason for centralization?

 

[tehpope]

Cross-posting because I'm a sped and didn't realize this thread was here.

In short how does this effect government pushes for centralized cypto when they can point to the many crypto companies that have been affected by SVB as a reason for centralization?

The fed will just BS some shit to say it won't happen to fedcoin because its backed by the fed.

 

[Jonah Hill poster]

Looks like globohomo is not immune to globohomo. Prime clownworld right here.

One could say that this is a “Globohomo-ception”

 

[RiverFalcon]

Yeah I get that 600$ email every few weeks bc I have a line of credit with them.

The thing is it isn't a straight 600. It's only if you meet two criteria. One is if you open a checking account with direct deposit that holds over a certain balance you get 300. The other 200 comes from opening a high yield savings but the kick is you have to deposit 15k. Not 1500. 15 thousand. Then they give you another 100 bucks if you do both for the 500.

I don't know about you guys but I'm fairly liquid but even I don't have just 15000 to throw around for just 200.

If they wanted more liquidity these cocksuckers would lower the thresholds and increase the payouts but Jews gotta Jew.
View attachment 4757364

I've been getting that offer for years (admittedly I don't know if it always required 15k or if it was previously smaller like 10k or something), though it did stop getting offered for a little while either last year or in 2021 I think.

The recent offer I got that really caught my attention was from Wells Fargo though. It was to open a premier checking account and get $2,500. The catch was that you had to deposit 250k into the account. I'm not exactly sure who that offer is for, because no one just has 250k lying around to put into a bank account, and if you do there's probably way better ways to invest it. Unfortunately I threw out the offer, but I found a link by googling it. Maybe someone more financially literate than me can tell me if I'm an idiot in reading it or if it's as as I think it is.

Wells Fargo Premier Checking $2,500 Bonus Offer - Ends 4/1/23 | Your Bank Guy

Wells Fargo is offering a significant bonus of $2,500 for customers who open or upgrade to a Wells Fargo Premier relationship. To qualify for the bonus,

www.yourbankguy.com

 

[cybertoaster]

I knew a tech scammer that tried selling shares for a car company that would be "the next tesla" but never happened, basically nikola but he was too incompetent to pull out a scam that big. Thing is he used to brag that he had all his money in the SVB as if that gave him any prestige.

Figures its a bank for tech scammers, here's hoping that he is flat broke and sucking dicks now.

I'm not about to shed a fucking tear for techbros in california.

The dudebro coder is a strawman just like the dudebro gamer. The people who have been ruining tech and by extension culture for over a decade are techcommies, techcunts and techtroons.

It's fine, don't worry about it, take a nap.

Its incredible how little coverage this is getting in the mainstream news. Consider that this bank survived the dotcom crash and the tech nuclear winter that followed but now "out of nowhere" it dies, 2nd biggest crash in history.

In other less retarded ages this would be major worldwide news, but guess they don't want the plebs to know the free ride its over.

 

[Cpl. Long Dong Silver]

I've been getting that offer for years (admittedly I don't know if it always required 15k or if it was previously smaller like 10k or something), though it did stop getting offered for a little while either last year or in 2021 I think.

The recent offer I got that really caught my attention was from Wells Fargo though. It was to open a premier checking account and get $2,500. The catch was that you had to deposit 250k into the account. I'm not exactly sure who that offer is for, because no one just has 250k lying around to put into a bank account, and if you do there's probably way better ways to invest it. Unfortunately I threw out the offer, but I found a link by googling it. Maybe someone more financially literate than me can tell me if I'm an idiot in reading it or if it's as as I think it is.

Wells Fargo Premier Checking $2,500 Bonus Offer - Ends 4/1/23 | Your Bank Guy

Wells Fargo is offering a significant bonus of $2,500 for customers who open or upgrade to a Wells Fargo Premier relationship. To qualify for the bonus,

www.yourbankguy.com

These kikes are so far up to their own ass it's laughable.

If they offered 200 for 2000 or 25k for 250k there would be cash for days, but then it's less for smaug to sit on.

 

[Jump]

This woman was an intern in 2013 and in 2023 has somehow scammed her way to millions of investment dollars.

In 2013 I was humping a rucksack in RC East looking for Taliban, and in 2023 I'm just happy to make six figures.

Truly we live in clown world.

In the long run people like you will always be better off.
The most important thing in life is your health and being able to keep your head strait when your in a shitty situation.
These SV scum types wake up every day worrying about systems they can not control and actions of other people far away. They need drugs to cope with problems most normal people find superficial. They chimp out over what other people say and think because they are so dependent on the actions of other people.

If your healthy and not dependent on a system (gibs, pills, mass transit, etc) for your survival you will be fine in any sort of big crash.

 

[AnotherPleb]

They really were surprised by the bank run. Those bonus transactions are getting reversed and Becker just ensured any bank account he has access to is going into deep freeze. lmao

It's a bank, and they didn't touch narcos or weapons dealers. Nothing's going to happen.

Scenario 1: no bailout, tech faggots cry and whine that they can't do another Blue Apron or Manscape or Grammarly. California collapses, but the faggots have no money so they can't keep fleeing to other states to infect them. Gavin Newsom can't run for President because he looks like even more of a failure. The recession is so obvious they can't pretend it doesn't exist like they're doing now. It gets so bad they have to stop giving Ukraine free gibs.

Scenario 2: bailout, done by democrats and RINOs like Romney, further making the democrats the new party of the rich and elite. People see California getting a bailout while Ohio is to sit there in poison. People start running cars with CA license plates off the road. Bailout makes inflation and everything you're dealing with even worse, making it more pronounced, right in time for '24. The actual class warfare the democrats always talk about occurs but not the way they expected.

Scenario 2 is the most likely one.

 

[WelperHelper99]

The dudebro coder is a strawman just like the dudebro gamer. The people who have been ruining tech and by extension culture for over a decade are techcommies, techcunts and techtroons.

Those people have ruined more than just tech, they've drawn everyone to it for decades, draining the other sectors of workers. It's about time we start draining their workers. You get to sit in a office AFTER being a grunt for years, treated like shit, that's how it's been for time eternal, and it's kept people like the troons and commies at the bottom rung, kicking sense into many of them as someone like me doesn't care about their bullshit- either weld or quit.