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

[CuzinEd]

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:
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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.

That's fine as long as people can afford to pay you. But when they can't you are screwed. If things go all micro collapse people's wallets usually close and they don't spend money.

Like I said earlier in this thread this is going to be more like the early 00's. Not a whole lot happened with that one, they just swept it under a rug somewhere .

That was just a bubble popping. A typical fleecing of America that they started in the 80's. Banks didn't fail when the dotcom bobble popped or any of the other times stuff like that happened. At least as far as I know. This is something even worse. Banks fail and bubbles pop. This is more like the micro collapse of 2007-2008. The world isn't going tend but it's not just a typical bubble burst and market correction as they say.

Now. Weimar Germany produced one moustached Austrian who has become the stuff of nightmares for the 1%. But as we are now a global Weimar, how many will rise up this time?

He wasn't kidding when he said that his spirit would rise up from the grave and the world would know he was right.

We aren't anywhere near Weimar levels. Weimar had hyper inflation. Meaning that the inflation increased by 50% or more a month. Our inflation isn't that bad. People aren't taking wheelbarrows of cash to the store to buy a loaf of bread and a can of soup. Considering how low the wages are in the US it might seem that bad. But it isn't.

Imagine if, during the dotcom bubble, people started to declare the collapse of western civilization was coming any minute, everyone needs to call the fuck down and focus on laughing at Californians losing their money.

Yeah, these kinds of situations always bring out the Chicken Little Boomer tier types. The world is always going to end. It's all BS I have heard before. Some people don't seem to have a middle ground. It's either everything is fine or the world will end.

So besides normalfags catching cold feet and running on the banks (I don't see that happening right now). Will this impending end of Californian civilization effect me, a broke person in the midwest, personally?

Now, does this in any way effect people who are already poor?

Nothing will change for the vast majority of the population. Most Americans don't even have any money in their bank accounts. They live paycheck to paycheck. This isn't going effect many people. If you were poor before this happened, you will continue to be poor no matter what happens. You might get poorer. But that would be about it.

You ever play Half Life 2? If you did there is a vortigaunt sweeping the floors up behind a fence under watch of a Combine guard at the train station Freeman arrives at. We are that Vortigaunt. No matter what happens we will still be sweeping the floors.

 

[Johnny Salami]

It would be mighty anti-semetic if people showed up Monday morning demanding their money

 

[xXEddie.DurellXx]

And as the vortigaunts would say we're the balls on the dick

 

[Involuntary Celebrity]

Can't make this up:
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you can't be what you can't see

oh well have you maybe considered pale yellow text on a bright red background to get your message out you fucking bitch

 

[CarlosDanger]

So we have had the #2 and #3 biggest banking collapses in US history within 72 hours, yet everything is going great.....

 

[namvata]

So we have had the #2 and #3 biggest banking collapses in US history within 72 hours, yet everything is going great.....

best economic recovery in history jack! Chocolate chocolate chip

 

[ForgedBlades]

 

[Socrates]

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Is HSBC not the Deutsche Bank of Asia? Like, one of those banks with an absolutely terrible reputation?

 

[CaptainAutism69]

Has everyone forgotten about Credit Suisse?

 

[wtfNeedSignUp]

One thing I learned from Happenings is that nothing ever fucking happens. I'd be very happy for ESG funded big tech to eat shit but they'll certainly get bailed out (besides the few individuals and companies deemed wrongthink) and then double down on their politics and economics.

 

[Involuntary Celebrity]

I'm like 60% sure there's going to be a smug leprechaun at the end of this medicine cabinet ARG

 

[namvata]

A third bank went under on wednesday but nobody talked about it because they were actually able to pay off customer deposits without stealing from the American taxpayer

Crypto-focused bank Silvergate is shutting operations and liquidating after market meltdown

Silvergate Capital said on Wednesday that it will wind down operations and liquidate its bank, which served the crypto industry.

www.cnbc.com

 

[TV's Adam West]

Good advice on dry goods above. Not to curb your enthusiasm, but if you haven't been prepping long before this, you'll be caught in the shitstorm of everybody else instantly trying to do the same thing.

Remember toilet paper during the Covid outset? Yeah, like that. Shelves will go empty in hurry.

I've been at it for years. And I KNOW my family won't starve, and they can shoot their way out most everything except Biden's F-15s. And we have complete triage supplies and meds for most anything. Do I want that to happen? Hell no. I'm old. I just wanna a vodka and to grill.

Just one side of the medicine cabinet. Because this shit will be gold when there ain't none to be had. Antibiotics, ibuprofen (clinical 800 mg), tramadol, Zpacks, soma, morphine, and other shit, all just in case. Every trip to Mexico, renew, refresh, and add to the stockpile.

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Our pantry is loaded as well with canned and dry goods. 3 freezers full. Which I've always questioned the wisdom of because that shit will go first or at least when there's no fuel for my generator.

And no, I'm not Mormon but for them, I look like an amateur. They all stockpile. I've just seen the shit come very close to hitting the fan several times in my life and as I said somewhere in this thread, simply refuse to get caught with my pants down. So many will, though.

How many guns do you have?
Are they registered?
Asking for a friend.

 

[Fascist Kirk]

Watching Futures slide, wondering whats going to happen tomorrow morning. The Fed and the treasury acted correctly by saying they will guarantee every one and everything all will be solvent now go back to work and back to sleep all.....

Problem is word is out people are scared, the people lining up outside of banks over the weekend have people possibly running the banks. The Fiat System is faith based, and the sheep may be loosing faith....

Emperor Tiberius second roman Caesar son Of Augustus said the idea is to fleece the sheep, not skin the sheep. If people think its corrupt now wait till they get a CBDC, no exit ramps.

 

[Breadbassket]

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[Balr0g]

Very much doubt the elites will get a polite OWS 2.0 to subvert. The Summer of Love 2023 is far more likely now.

They will call it "The Spring of Maga" and let the police trample it down. After all this doesn't affect niggers

 

[pikachudidnothingwrong]

What I'm increasingly getting is that the SVB team is basically 2008 financial crisis All-Stars. And of course they were leading the startup industry.

It's almost impressive.

The very definition of failing upwards.. only in a way that affects almost everyone. Lovely isn't it?

 

[Mr.Bucket]

I'm a retarded wagey who doesn't really dabble in the financial side of things that often, so I'm unsure how realistic the "full Mad Max hellscape in a week" predictions are. I fell for the bullshit hysteria for the coof early on, I don't want to go through an embarrassing repeat of that.

I know everyone is here because of the idiot doxxing his stockpile of narcotics but I just gotta chime in on this.
This reminds me of when Razorfist posted that meat was getting scarce and that everyone should do what he was doing... which is going out and buy all the meat you can and stuff 2 bigass freezers full.
Because it's TOOOOOTALLLY not idiots panic buying meat in comical quantities that caused the shelves to be bare.
Ok sperg over.

 

[CaptainAutism69]

Europoor market is sad today

 

[wtfNeedSignUp]

A third bank went under on wednesday but nobody talked about it because they were actually able to pay off customer deposits without stealing from the American taxpayer

Crypto-focused bank Silvergate is shutting operations and liquidating after market meltdown

Silvergate Capital said on Wednesday that it will wind down operations and liquidate its bank, which served the crypto industry.

www.cnbc.com

It's classic modern day fiscal responsibility. You are actively punished for not fucking over other people. Same with "student loan debts only for people who don't pay back loans", the endgoal os everyone becoming Chinese esque Bugman.