- Joined
- Nov 16, 2022
I think the only thing that will happen is that some zombie companies will shit the bed, and scams like usdt will finally unravel reducing the money supply of speculators and cretins
Bank Run Watch 2023 after Silicon Valley Bank shutdown - Over 97% of SVB's assets were not FDIC insured
- Thread starter chiobu
- Start date
- Joined
- Jul 10, 2017
A guy in my neighborhood was a comfortable 6 figure MBA Banker when 2008 hit. He had kept his old professional Carpet Steam Cleaning Machine that he had bought as a college job in his Mom's garage. He broke it out, tuned it up, and started handing out cards. Last time I talked to him he had a dozen carpet cleaning trucks and crews. And bemoans the time he spent in college and working for a bank.
Here's her oh so wonderful Startup
It is a glorious cornucopia of regurgitated bullshit that says nothing. I weep for the 4 Children that have this hollow shell of a human being as a Mom. Stronsuit would appear to basically be "Just give us all of your personal data, complete and intimate info on your life, work, relationships and connections. And we swear once you click okay for final approval your Mental Health will be much much better"
- Joined
- Nov 10, 2019
@RodgerDodger Strongsuit' "Are you too retarded to be a functional adult and prioritize what's important to you? If yes then sign up!"
At this point gassing the laptop class would be doing them a favor, throwing them out into the real world with real responsibilities would be punishment.
At this point gassing the laptop class would be doing them a favor, throwing them out into the real world with real responsibilities would be punishment.
- Joined
- Aug 29, 2019
- Joined
- Nov 23, 2021
Nope, they're starting to leak that they're going to bail the whole thing out, as predicted.
I'm sure our senators and representatives have far too much invested into this bullshit to take any sort of loss on it.
I'm sure our senators and representatives have far too much invested into this bullshit to take any sort of loss on it.
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- Joined
- Sep 19, 2018
Did you get tired of paying
- Joined
- Dec 12, 2022
People pay for things they don't understand or are unwilling to learn. Always have. As long as you have the knowledge, you can take a cheap piece of equipment and make that thing work for you. Then expand once people like the product, slap USA all over that sucker, and you'll be selling like crazy.
- Joined
- Jun 8, 2015
Especially because their ignorance of the "real world" has reached multi-generational levels..... what we're seeing now is the crash of a mindset that goes further back and deeper into "learn to code" mentality than the young'uns can possibly imagine.
I'm talking about all the way back to 1993 and the first time I saw someone pull the "Oh, we're transitioning to a service based economy, it'll be better than the old-fashioned manufacturing kind! So, first thing we're gonna do is take this ol' dirty steel mill of yours and give it to China. Yeah? What about the 8,000 people who are now unemployed in your town? I told you, it's a service economy now, bro! McD's is hiring! No, it's not as good as the job they had, but they can't have that kind anymore. Why? That's old-fashioned manufacturing and we're a service economy now!" bullshit....
Super-Chevy454
kiwifarms.net
- Joined
- Apr 2, 2018
Sorry if someone else already posted it but Tucker Carlson did a short rant about the Silicon Valley bank bankruptcy.
trendingpoliticsnews.com
web.archive.org
"BUY GOLD AND STOCKPILE FOOD"; Tucker Carlson Sends Massive Warning After 2nd Largest Bank Collapse In American History
On Friday, Fox News host Tucker Carlson said it "could be time to buy gold and stockpile food" after U.S. banks spiraled in light of Silicon Valley Bank
trendingpoliticsnews.com
"BUY GOLD AND STOCKPILE FOOD"; Tucker Carlson Sends Massive Warning After 2nd Largest Bank Collapse In American History
On Friday, Fox News host Tucker Carlson said it "could be time to buy gold and stockpile food" after U.S. banks spiraled in light of Silicon Valley Bank
web.archive.org
And not surprising to see the liberals already blame Trump for the collapse.
- Joined
- Jan 9, 2020
They will not cover the depositors and make them whole. 250k is the limit. . Rumors suggesting otherwise are just in my belief pipe dreams. Congress isn’t going to bail out SVB.
In theory - and just in theory - if SVB were auctioned off it is in theory possible for the Fed to buy it. The fed can under its own discretion buy anything it wants.
If this were to happen though one might as well take all bank regulation and throw it out the window because at that point you are signaling a”anything will be saved and the Fed will buy even shit you created”. And bankers will take the greatest possible risks to obtain returns if they’ think they can get away with it and force the Fed to buy.
Rather than the bank look to your investment banks and institutions as they are the ones that are leveraged up and at real risk. If people start taking their money out of these types of financial service firms which are heavily into Bonds then a run on them will certainly create a catastrophe larger than 08.
In theory - and just in theory - if SVB were auctioned off it is in theory possible for the Fed to buy it. The fed can under its own discretion buy anything it wants.
If this were to happen though one might as well take all bank regulation and throw it out the window because at that point you are signaling a”anything will be saved and the Fed will buy even shit you created”. And bankers will take the greatest possible risks to obtain returns if they’ think they can get away with it and force the Fed to buy.
Rather than the bank look to your investment banks and institutions as they are the ones that are leveraged up and at real risk. If people start taking their money out of these types of financial service firms which are heavily into Bonds then a run on them will certainly create a catastrophe larger than 08.
- Joined
- Nov 12, 2019
Us politic thread Trump gloating & Yellen said for now no bailout.
- Joined
- Jan 15, 2019
The pisser is twofold here: 1) not enough people even know about this in the first place, and even among those who do, there aren't enough people willing to actually pull their money out to actually hit these idiot banks hard enough to matter; and 2) the moment enough people did start pulling out their money, the faggots running this rigged game will just block everyone from doing so and it won't matter then anyway.
cantankerous jackalope
kiwifarms.net
- Joined
- Jul 28, 2019
bet, let's revisit both of our posts in 2025 and see how we're doing
I'm more than willing to eat crow on this but I sincerely believe in the long term future of Bitcoin
mandatorylurk
kiwifarms.net
- Joined
- Dec 16, 2019
Either option hurts democrats and RINOs more, it's a free play.
They don't bail out and gay DIE ESG money is wasted, self diagnosed autists breakdown and flee to Canada or 41%, democrats look horrible. No motivation to vote for the people who left them a dirty dilater.
McCarthy says no bailout, but the dems get enough RINOs to vote for it in the house, and democrats looking like easy pickings in '24 in the senate go along with it (Manchin, Tester, Sinema, Brown), democrats are now even more apparent the party of big business. Watch AOC vote to bail out the bank because of their commitment to diversity and people of color (lol), and gay republicans like Nancy Mace and Tony Gonzalez join along.
And here's El Naranja, looking smugger and smugger as he proves he's right again. And with Mitch the Bitch in a concussive daze, he probably doesn't realize he can't rally his RINOs to offer a bailout, because you know he wants to, if only for SVB to invest in some Chyna front groups for COCO.
edit: Biden probably doesn't even know what's happening as he's being doped up in Delaware.
They don't bail out and gay DIE ESG money is wasted, self diagnosed autists breakdown and flee to Canada or 41%, democrats look horrible. No motivation to vote for the people who left them a dirty dilater.
McCarthy says no bailout, but the dems get enough RINOs to vote for it in the house, and democrats looking like easy pickings in '24 in the senate go along with it (Manchin, Tester, Sinema, Brown), democrats are now even more apparent the party of big business. Watch AOC vote to bail out the bank because of their commitment to diversity and people of color (lol), and gay republicans like Nancy Mace and Tony Gonzalez join along.
And here's El Naranja, looking smugger and smugger as he proves he's right again. And with Mitch the Bitch in a concussive daze, he probably doesn't realize he can't rally his RINOs to offer a bailout, because you know he wants to, if only for SVB to invest in some Chyna front groups for COCO.
edit: Biden probably doesn't even know what's happening as he's being doped up in Delaware.
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- Joined
- Jul 15, 2016
Thats the term moral hazard.
again with tarp and the 08 crash we never really allowed the bad debt to be flushed out of the system.
The advantage of liquidation and write offs is that once you ve removed the bad debt your removing the drain on the economy, and bad allocation of capital. 2008 housing bubble was stupid as fuck.
With bad allocation of capital delt with that capital is now free for other uses.
we need to bite the bullet and take the pain.
- Joined
- Dec 15, 2022
This is going to be 07-08 micro collapse all over again. I hope it happens. It will definitely help Trumps chances in 2024 which were pretty high anyway.
Crashing this economy...with no survivors!
God I miss all the Bane posting from the alt-right days. lol
There was nothing anyone could do to prevent this from happening, But Biden and his shitty cabinet that actually calls the shots didn't make it any better. With his brilliant idea to end the Keystone XL pipeline and to get rid of everything Trump did to make oil and gasoline cheaper. The whole Covid and shutting the country down for a year didn't help. Thankfully the Democrats stole that election in 2020 just to have another micro collapse happen on their watch. The first one happened while Bush was in office and it helped get Obama elected. Well it was one of the things that helped. Being a nigger was the big one. White guilt is a hell of a drug.
The issues causing these micro collapses started a long time ago. It's not going to get any better.
That's just Boomer prepper tard shit. It's not going to the end of the world. Some rich people will get screwed and lose a bunch of money. Just sit back watch the show and laugh. But everything will be fine, mostly. For 80% of the country nothing much will change. They will still be poor and living pay check to pay check working some shitty low paying job.John T Reed has a well researched without going total prepper book that I highly recommend, even if just for considerations to think about.
Even besides TEOTWOWKI everyone should be prepared to live about 2-4 weeks without outside assistance, power, or utilities, but even some thought is better than none.
How to Protect Your Life Savings from Hyperinflation & Depression, 2nd edition
324 pages, 8 1/2 x 11, paperback, $39.95 This book tells you how to rearrange your assets and liabilities so that you are not devastated by the U.S. dollar hyperinflating or deflating. Each has happened in the past around the world and in the U.S. My approach is an insurance one, not a gambling...johntreed.com
And yeah massive mergers and purchases are on the horizon - it’s already been happening behind the scenes quietly and it will accelerate.
But most SV startups are worthless and only get bought to “juice” a boring company so many of these will just die.
Fake internet money will save me. LOL
This. Something will happen. But it won't be the end of the world. There will be plenty of grifters out there though wanting to take advantage of the retards who like to get all worked up and think the world is going to end. They want your money, but the economy is about to collapse guys. But give me your money. Buy my prepper kits and gold. LOL
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- Joined
- Feb 13, 2019
This would have been true if they were still able to slash rates back to 0. Now I'm not so sure...
- Joined
- Jul 18, 2017
Lets not forget the type of corporations that would have an account with SVB are like Liz Fong Jones' employer, Honeycomb. All of these are borderline money laundering schemes that are hairbrained tech start ups for bullshit like an app allowing Gig Workers to be restaurant ingredient resupply and shit.
- Joined
- Feb 7, 2021
And to add insult to injury, the asshole who mentions McD's is hiring a trainload of infinimmgirants. "Its cool bro, you'll find a job!"
But now that the shoe is on the other foot they are now, "Dude, please, just work! Find a girl, start a family! I can't really enjoy my mansion and my stuff if you don't work! Pick up a gun and defend me from the problem that I accidentally imported!"
They get what they deserve.
- Joined
- Feb 13, 2019
I mean... Is that not what they did in 2020 with the COVID reactionary QE spree?