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

Sniperwoof said:
Nothing will happen. Literal nothing burger much to the disappointment of fat boomers who would be the first people to die in their post apocalyptic fantasies.
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Nothing will happen today because we're kicking this snowball even further down the hill. This is just another step in the framework for Great Depression 2.
 
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MarvinTheParanoidAndroid said:
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.
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The fed rate hike is not doomsday for banks. It's doomsday for banks that make money by using their customers money by locking it in the bond market. This is entirely avoided by not using your customers money to invest. But greedy bankers are greedy and deserve the rope.
 
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CoolFool said:
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?
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I really don't know much about the market either but I am very interested in current happenings... I use a credit union too, a small one. The way mine operates I doubt people are yoinking funds because the credit union does not keep all its funds in a single low return bond type- not totally sure how it works but it invests in various things that benefit the state/city it is in somehow. Plus other things I am sure. Also serves people who probably dont have more that 5 or 10k at any given time on average, so well below fdic initial insurance amount. It has maybe 4 physical locations and is part of shared branching with other CUs which I assume might help any liquidity issues that might arise?

Im pulling this out of my ass from what I have learned aboung the banking industry over the weekend lol but I think credit unions are safe, or safer at least.
 
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Lord of the Large Pants said:
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.
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There's a drop of paint on a place near me my bathroom cabinet . Pretty sure they would find me by the RGB value of the paint and calling every Sherwin Williams, Ace Hardware, Home Depot and Lowes in the continental U.S. to see if they are full stock on a bucket of that color.

Edit: The confirmation would be that I live within 500 miles of a grocery store that has foods containing proteins, carbs and fats.
 
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Charles Swchab what is up Screenshot_20230313-083153_Stoxy.jpg
 
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ATI Escapee said:
Charles Swchab what is upView attachment 4767616
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Pain. Absolute nuclear death. And I'm just sitting here, thinking "investing in all that ammo was a real good choice". It's no Gold, I'm not rich, but on a barter system, a box of .38 Special is gonna not only defend my ass from looters, but be a pretty solid trade option if it comes down to it. Certainly better than Swchab rn, worth less than TP.
 
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