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

[HackerX]

The goal of a startup is pretty much never to try to make a profit. It is to make the revenue line hockey stick upwards so they're an attractive IPO/acquisition target.

Your analysis is good though. The tech mania of the past almost 15 years has been driven by the money that low interest rates bring.

Lol. Reminds me of a few years back during a job search. Never really dealt with startups, but one company specifically told me that the companies desired goal in a few years was to get bought out.

It's funny (in the sad way) that it's not even isolated, just standard business practices for startups.

On a side note, I watched the Berney Madoff series on Netflix. It's a good watch if you want to see a bunch of Jews explain how one Jew jewed all the Jews until he couldn't Jew anymore. That's my take at least.

 

[Catgirl Tyranid]

Honest question.

If you are concerned that your bank may go under, why wouldn't you play it safe and withdraw all of your money (or most of it)? If nothing happens you can just put it back in, right?

It's probably a good idea to get some cash out for food in the near future in case withdrawals gets frozen for a week or two.

I don't think we're going to see a legit apocalypses style bank run since people pay all their bills and utilities via online transfers now.

 

[The Fountainhead]

 

[Gorilla Tessellator II]

I was wrong re Nasdaq going down today. I guess, the narrative "Everything Is Awesome" needs to be upheld at all costs. Two more weeks, amrite?

 

[Cpl. Long Dong Silver]

SPY is green. STONKS GO UP

Yeah I'm already up on the day from buying an hour ago. This is gay.....

 

[Stoneheart]

This economy is insane.

Well we get a UK budget and the ECB doing rate stuff this week(i doubt they will do anything.)

I was wrong re Nasdaq going down today. I guess, the narrative "Everything Is Awesome" needs to be upheld at all costs. Two more weeks, amrite?

Well the Plunge protection team was up all night listening to the song of the money printers...

But they just cant stop the outflows of banking stocks and the massive bond selling caused by those bankruns...

 

[mindlessobserver]

I was wrong re Nasdaq going down today. I guess, the narrative "Everything Is Awesome" needs to be upheld at all costs. Two more weeks, amrite?

Infinite money at the federal reserve apparently.

 

[IAmNotAlpharius]

It's probably a good idea to get some cash out for food in the near future in case withdrawals gets frozen for a week or two.

I don't think we're going to see a legit apocalypses style bank run since people pay all their bills and utilities via online transfers now.

I’m not worried about credit unions tbh.

Edit
I would be worried if the credit Union you use has a lot of tech workers. But I think the majority of credit unions will be fine.

 

[WelperHelper99]

I was wrong re Nasdaq going down today. I guess, the narrative "Everything Is Awesome" needs to be upheld at all costs. Two more weeks, amrite?

Even as your account locks down, local bank crumbles, food triples in price, military guards the ATM's, just keep singing serf.

 

[Socrates]

So tell me, exactly how is this BTFP program the fed is rolling out anything but more Quantitative Easing by another name?

 

[Rei is Shit.]

I was wrong re Nasdaq going down today. I guess, the narrative "Everything Is Awesome" needs to be upheld at all costs. Two more weeks, amrite?

Remember the 'technical recession' lingo from a while back? Maybe now we'll get 'abnormal banking withdraws' or 'temporarily withheld funds' or 'short term transaction limitations'.

 

[mindlessobserver]

So tell me, exactly how is this BTFP program the fed is rolling out anything but more Quantitative Easing by another name?

Because this time they sent letters to the bank managers telling them they were very naughty boys and that they can't manage their bank anymore. So now they will have to go to the trouble of walking across the street to a different bank and manage that one.

 

[Glowing In The Streets]

it's not fair for doomposters when the game is rigged
resume the market and let it fall

 

[draggs]

So tell me, exactly how is this BTFP program the fed is rolling out anything but more Quantitative Easing by another name?

Another impossible challenge, that's exactly what it is

Looks like inflation at last year's levels and more is back on the menu boys

 

[Breadbassket]

Another impossible challenge, that's exactly what it is

Looks like inflation at last year's levels and more is back on the menu boys

Inflation won't be at ideal levels until we need a wheelbarrow of money to buy a loaf of bread.

 

[MagneticTowels]

Two weeks to flatten the curve!

 

[Fireman Sam]

So boys, you got your silver coins ready to clink at the first siliconecuck you see?

Also can someone give me a QRD? Explain it as though you're explaining it to a complete drooling retard.

 

[mindlessobserver]

Doom poster bros. We lost again!

 

[draggs]

Doom poster bros. We lost again!

View attachment 4768308

They're holding off the collapse until after Ron Paul dies just to spite him

 

[LinkinParkxNaruto[AMV]]

So boys, you got your silver coins ready to clink at the first siliconecuck you see?

People who bought the CWC silver keep winning.