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

[Long-Nosed Fish]

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.

You should always consider living your life as if people consistently choose the most retarded options available. Sometimes this means acting exactly like they do.

Applying economic reasoning to your own actions thinking that it will help the situation is how you get left holding the bag when the world goes full retard anyways.

 

[khaine]

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

Yes

 

[Mr. Confederate Man]

Mad Max and Fallout

I'm ready​

 

[FuckedOffToff]

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.

Indeed.
"Nothing ever happens,
Nothing happens at all,
The needle returns to the start of the song,
And we all sing along like before,
And we'll all be lonely tonight,
And lonely tomorrow."

 

[Fascist Kirk]

First Republic Bank (FRC)​

81.76-14.25 (-14.84%)
At close: March 10 05:04PM EDT

24.91 -56.85 (-69.53%)
Pre-Market: 6:38AM EDT

Everything is fine

73% down some one wake up grandma Janet, and Grandpa Powelll its going to 0!

 

[Iron Jaguar]

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.

Exactly this. I had a good laugh when the sheboon from the Biden Admin said, "No taxpayer-funded bailouts!", as if we don't all realise that whatever happens, no matter how carefully disguised, it will ultimately be the taxpayer who wears the debt. It's all a shell game, and you're always the mark.

Ecclesiastes 1:9

 

[MarvinTheParanoidAndroid]

The first pebble begins its roll down the mountain. It will be interesting to watch for the splash damage and contagion from this.

Say hello to the new slave state of CBDCs, digital ID and social credit scores. This is a deliberate rug pull and only exists to astroturf a financial crises into existence to necessitate the value of CBDCs to the public.

 

[MadStan]

Just a quick aside. Anyone who wants to know more about how this shit happens should read a book called The Lords of Easy Money. It's a dense but extremely interesting book about exactly why and how money printer goes BRRRR.

Yea what a great read it was. Truly.

We will never know what March 13th was actually going to look like because Janet, Jerome and Co. made sure on Sunday night we’d never find out. My guess is their systems were showing epic withdrawals from banks exceeding their cash reserves and a bank run was projected to then spread on Monday and Tuesday to other banks. That’s I think a little obvious but I said it anyway.

The big hairy question I’ve got is how many of these investment firms that manage Retirement funds and general investments have as their planned liquid asset bonds to sell for redemptions that are staring down the barrel should a run start on redemptions.

Anyone who thinks the Fed, Treasury and WH doing all these things on a Sunday is somehow business as normal is a twat.

Of course finance is in the green this morning - banks just got told despite all the finger wagging that mom and dad have done and threats; that they are toothless threats and little Jimmy can break the dishwasher and moms favorite vase and still get his birthday gift.

Mom and dad just won the battle today folks; but today they lost the war. And they know it.

 

[WelperHelper99]

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.

The secret is be cheaper at repairing things than replacing. Say a part on your snowblower breaks that could be welded. Prices are through the roof, yet here I am, cheaper than a replacement and faster than its shipping.

 

[Male Idiot]

Eh. Propably nothing major will happen.

That said, having a bit of medicine and food doesn't hurt.

It is unlikely the world will end. But a hurricane can hit, and if you don't need to depend on helicopters bringing in food, all the better.

The only way Mad Max can happen is a global disaster on scale with WW3: Atomic Boogaloo.

But then you are fucked anyway if you aren't amish (tractor fuel and fertiliser are made in factories), so at best you are delaying the inevitable.

 

[Your Girlfriend's Dad]

Eh. Propably nothing major will happen.

That said, having a bit of medicine and food doesn't hurt.

It is unlikely the world will end. But a hurricane can hit, and if you don't need to depend on helicopters bringing in food, all the better.

The only way Mad Max can happen is a global disaster on scale with WW3: Atomic Boogaloo.

But then you are fucked anyway if you aren't amish (tractor fuel and fertiliser are made in factories), so at best you are delaying the inevitable.

Show us your medicine cabinet. We can make this a real winner of a thread.

 

[MarvinTheParanoidAndroid]

Eh. Propably nothing major will happen.

Your assessment is entirely wrong. I just learned what happened and no, this will undoubtedly have a major domino effect.

What occurred with Silicon Valley Bank is they couldn't meet their financial obligations due to the Fed rate hike, so they started liquidating assets and their shareholders found out about it, causing them to pull out of the company, which created the effect of shorting SVB's worth and crashing their financial liquidity.

The Fed has created a catch 22 situation in that it lent out money on the cheap so banks could comb over their bad investments infinitely, but now due to inflation relating to Covid-19, it has to raise the interest rate to prevent the dollar from over-inflating, which causes banks to fall behind on their fiduciary duties because they're bad at making profitable loans.

This shorting of SVB is calling the liquidity of other banks into question, which is causing runs on them as well. Your money is not in safe hands.

This is steering to become a bigger fall than the 2008 financial crisis. Only major banks will survive, and they'll be coerced into accepting CBDC, which means all of society will be.

Every nation on Earth overprinted money to deal with Covid-19, and likely this was all intentional and planned ahead of time, think WEF shenanigans. It's not a coincidence that nearly every government was already looking into CBDCs ahead of this oncoming crises.

Everyone needs to start doing what the banks are doing worldwide and buy gold and silver bullion. Precious metals are fast becoming the only safe investment.

 

[Creep3r]

So will this spark Occupy Wall Street 2.0 and more glowie shenanigans?

More glowie shenanigans seems more likely. Maybe at first some will once again realize that rich soulless monopolies and their CEOs are not your friends and go protest again, but then quickly forget about it when the elites once more subvert the drama and manipulate the useful idiots into going back to whining about oppressed gay, tranny, feminist and MAAP rights instead and that they need to go back to attacking the poor and middle class for the umpteenth time instead of those in power for not wanting to suck mutilated dicks or praising queer kids media. It really will be Occupy Wall Street 2.0.

 

[Lord of the Large Pants]

Show us your medicine cabinet. We can make this a real winner of a thread.

I was going to make a joke post with a picture of my medicine cabinet with the doors closed and nothing visible, but then I realized that KF could probably dox me from the fucking cabinet door handles or something.

 

[Fascist Kirk]

I love precious metals, Steel double aught buck, Hollow point copper, and google maps! What a great time to be alive!

Also fascism is great, Losses are socialized, gains are capitalized!

Your assessment is entirely wrong. I just learned what happened and no, this will undoubtedly have a major domino effect.

What occurred with Silicon Valley Bank is they couldn't meet their financial obligations due to the Fed rate hike, so they started liquidating assets and their shareholders found out about it, causing them to pull out of the company, which created the effect of shorting SVB's worth and crashing their financial liquidity.

The Fed has created a catch 22 situation in that it lent out money on the cheap so banks could comb over their bad investments infinitely, but now due to inflation relating to Covid-19, it has to raise the interest rate to prevent the dollar from over-inflating, which causes banks to fall behind on their fiduciary duties because they're bad at making profitable loans.

This shorting of SVB is calling the liquidity of other banks into question, which is causing runs on them as well. Your money is not in safe hands.

This is steering to become a bigger fall than the 2008 financial crisis. Only major banks will survive, and they'll be coerced into accepting CBDC, which means all of society will be.

Every nation on Earth overprinted money to deal with Covid-19, and likely this was all intentional and planned ahead of time, think WEF shenanigans. It's not a coincidence that nearly every government was already looking into CBDCs ahead of this oncoming crises.

Everyone needs to start doing what the banks are doing worldwide and buy gold and silver bullion. Precious metals are fast becoming the only safe investment.

You are black pilled my man.... you really take your avatar persona seriously.
No one is forcing you to use a cbdc, and because the world is falling apart and your plans may have gone south, even a robot like you must know life is not garanteed, we all got to die some time, and it ain't so bad unless you try it .... so instead of bowing down and taking the chip, the cbdc or what ever, why not have some fun with the time you have left?

 

[General Emílio Médici]

Markets are opening soon the effects of the implosion shall be seen. Has anyone checked on the Indian markets this morning? How many pahjeets working on these tech jobs as bottom of the barrel programmers are gonna have issues?

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.

View attachment 4764393

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.

You should have slowed down to let wisdom catch up friend.

 

[CoolFool]

This is probably a really dumb question but I am dumb af on this subject. What about having your money in a credit union? Is it safer there or do we need to worry about those too?

 

[Gorilla Tessellator II]

Futures are red now. We can start betting how much NASDAQ will lose today. I say 4%.

 

[notafederalagent]

Here's what's being done to prevent crisis from Silicon Valley Bank collapse
Associated Press (https://archive.ph/BtloI)
By Ken Sweet, Christopher Rugaber, Chris Megerian
2023-03-13 11:21:54GMT

“Small businesses and early-stage startups don’t have a lot of access to leverage in a situation like this, and we’re often in a very vulnerable position, particularly when we have to fight so hard to get the wires into your bank account to begin with, particularly for me, as a Black female founder,” Dufu said.

What does this strong Black woman provide? A vital service, of course!

Tiffany Dufu, founder and CEO of The Cru, a New York-based career coaching platform and community for women

 

[CaptainAutism69]

BURN! BURN IT ALL!!!
Credit Suisse is down 12% so far, DB is another Zombie bank that could very much go