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

This is the best explanation I've found for what happened to SVB. He's dry but bitingly sarcastic. Sadly the fools responsible will never be prosecuted.
Nothing ever happened to the people that caused all the bubbles in the past. Nothing happened to the people or institutions that caused the micro collapse in 2007-2008. So, what's new? I don't think anything ever happened to the people involved with the savings and loan crisis that lasted from the late 80's to the 90's.
 
The absolute state of retards going off to the races about muh mad max jfc

I think one reason is it's just more interesting to speculate about than a regular old run of the mill financial crisis, because that is really predictable and boring, we all know what it looks like already, we saw it back in 2008. Mad max probably won't happen but it's more exciting to imagine than Jews getting off scot free and everyone else getting screwed as per usual.
 
I've spoken to several old folks before they shuffled off the mortal coil and a bunch of old women told me jewelry was a good idea because it's how you pay bribes and several old men told stories about sneaking metal out of whatever country they were trying to escape. One guy talked about how people made buttons out of gold or platinum, painted them, and sewed them into their clothes like tiny little Maltese falcons.

That's a smart one. I heard about it being put inside shoe's undersides, but buttons is a good way. Gold is harder to trace, especially if it isn't in marked bars. What little, tiny amount of wealth I have and isn't tied in assets is in jewelry. Jew-elry. Trust the wisdom of the (((Merchant))) about money. And do as he does, not as he says, or you'll be meshugen.

Cash can go belly up, but gold won't. I'm not saying you should empty your bank account at a fashion store, but having some to flee with is never a bad idea. If you are in the US, have a gun. A gun never hurts.

You will not be the apocalypse warrior, but if there is a low level looting going on before the state can stabilise things, having a means of protection is best for you. I'm thinking about a crossbow, being eurocucked. I can have that legally. It isn't much, but it beats a knife. Small yappy dog eats little, and its an alarm that needs no power.

Gold also isn't really for mad max trading. Its for keeping some of your wealth for when things stabilise. They -will- stabilise, in a month or at worst in a year. Soon enough for you to need your money again. If you want to barter, silver is propably better.
 
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I'm shocked he remembered what side the door was on.

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If the last few Biden fiascos have taught me anything it's that when the administration has no comment and acts like everything is fine they are trying to cover it up as much as possible. I expect in a few weeks we will see some massive damage control about how this is Blumpfs fault and Biden did nothing wrong and everything correct.
 
If the last few Biden fiascos have taught me anything it's that when the administration has no comment and acts like everything is fine they are trying to cover it up as much as possible. I expect in a few weeks we will see some massive damage control about how this is Blumpfs fault and Biden did nothing wrong and everything correct.

He has already blamed Troomph for it just like the train derailment

 
Basically by what mechanism and magic can HSBC over 48hrs say "We're buying a bank."

They rang Sunak and Handcock and told them it'd be a pity if the details of some secret offshore accounts were leaked to the press.

Also Jesus tap dancing christ people can we have one happenings thread that is about what is happening and not preper and crypto sperging?
 
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Some retards really want to live in a world with half naked Australian men in leather. The writer's Kiwi poster's barely disguised fetish and all that.
I don't know about you, but I've got my sock with rolls of quarters ready for the apocalypse
 
It means the feds are trying to sell a dead dog before the smell gets too strong.
"Hey man, we know this corpse has been rotting, and there's five other rotting corpses behind it, but could you please buy this rotting corpse?"
 
Some retards really want to live in a world with half naked Australian men in leather. The writer's Kiwi poster's barely disguised fetish and all that.
You know what's unreadable boring garbage? A thread on a forum where everyone sits jacking each other off in agreeance whilst moaning about how nothing ever happens.

With that said I'd personally appreciate if someone who actually knows shit could answer a few questions for people who are economically illiterate.

Was/is there a bailout?
How temporary is this "solution"?
How does this affect inflation?
What knock-on effects will this have on other shit? I noticed one guy pointed out the problems this will cause for startups in tech. Shit like that.

Because I read the thread from what happened early this morning to now and I still don't get what was/wasn't done to arrest this shit and I don't want to watch some bald faggot's youtube video on it.
 
I told you bros to buy the dip:
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My only regret was not betting more than I had set aside but only a fool bets the house.
 
Was/is there a bailout?
How temporary is this "solution"?
How does this affect inflation?
What knock-on effects will this have on other shit? I noticed one guy pointed out the problems this will cause for startups in tech. Shit like that.
There will be a "bailout" of the customers of the bank only by the FDIC even above their $250k limit.

This isn't a solution.

This will not affect inflation because the FDIC is going to get the money by charging banks more, like when your home insurance goes up because the neighborhood got hit by a tornado. The government isn't printing money to solve this (yet).

So the knock on effect will be a message to all banks that there is no risk to playing with other people's money. You will still get your salary and bonuses up until you crash the bank, and then just have to find another job. You still keep your millions and your wealth while everyone else cleans up your mess.
 
Basically by what mechanism and magic can HSBC over 48hrs say "We're buying a bank."
well thats the magic rules of the Panic button... the UK government just suggested that the company should be sold off under some banking regulations and HSBC was the only bank that wanted it.
 
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