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

[NoReturn]

So you're telling me it's time to invest more heavily in crypto.

Translation, don't buy crypto while we do it peasants.

Woop-woop
That's the sound of CBDC
Woop-woop
That's the sound of da beast

 

[Terrifik]

her comments over the week were a lie.

The List:

 

[Meat Target]

View attachment 4860448
her comments over the week were a lie.

The List:
View attachment 4860460

That old buzzard is everything I despise about the finance industry.

 

[HTTP Error 404]

View attachment 4860448
her comments over the week were a lie.

The List:
View attachment 4860460

10? There's a list of 200+ out there somewhere, maybe on Zerohedge? The rot is systemic and if the fed does anything either the dollar collapses or the banking industry collapses. Eventually they're going to have to pick which one eats shit or they both will. So of course they're doing nothing while their jewish friends cash out as best they can in the background.

 

[BulkForceFive]

That old buzzard is everything I despise about the finance industry.

View attachment 4860533

So proud the USA leads the world in letting transphibians (toad-to-human, in her case) hold important positions in government! Now that's equality!

 

[gata]

I don't follow sport accounts but I saw this on my twatter timeline. I thought it's funny.

link

 

[reptile baht spaniard rid]

If faggots want to be revisionist and change the dating system because it's not woke they should just start at 0 because there is NOTHING the world has in common two thousand years ago. If we are living in a common era it should at most be 100-200 years in it already.

One of my tiny amusements is laughing at whatever “new zero” science fiction authors try to use; it’s always some autistic shit like Einstein’s birth year or the year the atom was split or something even stupider.

 

[NoReturn]

One of my tiny amusements is laughing at whatever “new zero” science fiction authors try to use; it’s always some autistic shit like Einstein’s birth year or the year the atom was split or something even stupider.

I'll excuse landing dates in scifi, but that's it.

 

[mindlessobserver]

One of my tiny amusements is laughing at whatever “new zero” science fiction authors try to use; it’s always some autistic shit like Einstein’s birth year or the year the atom was split or something even stupider.

It's pointless anyway. We are always in the "Current Year" where there is no future and the past is whatever we are told it is.

 

[Stoneheart]

One of my tiny amusements is laughing at whatever “new zero” science fiction authors try to use; it’s always some autistic shit like Einstein’s birth year or the year the atom was split or something even stupider.

First contact, first ftl flight or first colonie, everything else is retarded...

 

[reptile baht spaniard rid]

First contact, first ftl flight or first colonie, everything else is retarded...

banks are boring tonight so I'll continue a bit; some of my favorite authors do first colony and make it line up, but that often involves first colony being the far off futuristic year of ... 2000!

 

[Darkholme's Dungeon]

>BCE
I absolutely hate this retarded shit.

Just use BC and AD like normal human beings you wikiniggers.

Just use era names like East Asia and confuse the fuck out of everyone and force your successor governments to write a proper history of your state so everyone knows how long has passed without making you or them look too bad.

You'd be surprised how many people bought gold certificates instead of actual on-hand metals. What, you Kiwis thought fractional reserve banking extended only to money? The best part is a lot of these places would charge you storage fees to hold the gold you only theoretically owned.

I really think the whole "trust the bank" thing is an American phenomenon. To be fair though, the American civil asset forfeiture kinda forces you to do that. In China you had people buying apartments to fill with nothing but money, illegally gained or not.

Thread article tax:

Consumer spending cratering? Archive

In total, March is off to a much slower pace than Feb (-8.3% MTD vs Feb -6.0%), with Citi seeing broad based deceleration across sectors with only one sector (Jewelry) accelerating. And that was probably to buy gold as a hard asset to diversify away from the dollar.

Here, some call-outs:

• (1) Household Items remain weak with Appliances, Home Furnishings, and Electronics all down double digits,
• (2) Jewelry saw a big acceleration and was the second strongest performing sector (in absolute terms) in March wk 3. Jewelry has been very volatile over the past several weeks;
• (3) Cosmetics still topped the charts of absolute performance YoY (+8.0%), though the category is now well below the +30-40% trend we saw in Dec and Jan.

Turning to the chart below which shows sub-sector acceleration/deceleration in March wk 3 vs March wk 2, we find that in March week 3 compared to March week 2, we saw an acceleration only in Jewelry. We saw a deceleration in Home Improvement, Footwear/Shoe Stores, Electronics, Cosmetics Stores, Home Furnishings, Mass/Dollar/Off-price, Eyewear/Optometry, Aftermarket Auto Parts/Service, Apparel, Pet Shops, Dept Stores, and Sporting Goods Stores.

My personal experience is the opposite. People have been spending 100s out at my workplace like it's going out of style. Had a lady come in recently and ask if we could sell her all our containerized (1000+) fruit trees (to which we told her politely to fuck off - need stuff for larger sizes....), even the sapling 12" ones! I haven't seen a shortage in this industry so bad ever, even when Texas got hit by the 2021 freeze and we had people asking to ship our entire available inventory to TX for specific items it wasn't this bad. Literally everyone is out of anything in the 2-5' range or jacked their prices up 3x*. Sooner or later, something has gotta give.

Also had a guy who wanted a specialty ornamental tree, and when we tried to explain we don't have any because of severe weather, he took a literal shit on the ground in front of all the customers and left.... How he wasn't arrested and added to the sex offender registry is beyond me.

*1 gallon liners cost $10 holy shit. Used to be < $3 2019.

 

[Male Idiot]

The only new dating system I will allow is M3.023 Tertius 24 and the appropriate ,0% of the year.

 

[FunPosting101]

One of my tiny amusements is laughing at whatever “new zero” science fiction authors try to use; it’s always some autistic shit like Einstein’s birth year or the year the atom was split or something even stupider.

I'd personally set the new year zero either at the launch of Sputnik or the first moon landing. Failing that, go old-school and bring back the old AUC calendar. BCE/CE is fucking stupid.

 

[macrodegenerate]

I would set zero year to the end of WW2. The current state of the endless now is defined by the Holocaust. By those who milk it for their benefit, and by those who will do anything to destroy something even remotely similar. There can be no nationalism that leads to reform with its spectre. Never again shall a western government have a leader who genuinely believes his people are capable of greatness, and makes it his life's work to see their potential fulfilled.

 

[AnonymousKot]

I mentioned over in The Bidness a few months ago that raising interest rates is like the emergency scram button on a nuclear reactor for the Federal Reserve. They feel like they can get away with anything so long as they have that fail safe. But in the specific circumstances they created, keep interest rates near zero for so long, raising the rates now would trigger a catastrophe.

Why, I know raising the rates is gonna trigger bank collapses like SVB because a lot of banks are invested in treasury bonds, but isn't it neccessary to raise it now, since inflation has gone up since biden took over and without raising rates the price of goods and property bubbles are only going to increase

 

[Snekposter]

Why, I know raising the rates is gonna trigger bank collapses like SVB because a lot of banks are invested in treasury bonds, but isn't it neccessary to raise it now, since inflation has gone up since biden took over and without raising rates the price of goods and property bubbles are only going to increase

They're damned if they do and they're damned if they don't because the can they've been kicking since 2008 has finally become un-kickable.

 

[mindlessobserver]

Why, I know raising the rates is gonna trigger bank collapses like SVB because a lot of banks are invested in treasury bonds, but isn't it neccessary to raise it now, since inflation has gone up since biden took over and without raising rates the price of goods and property bubbles are only going to increase

They created a scenario from which there was no way out. Banks were over leveraged on bonds that were being used to backstop all the debt they were handing out at stupid low interest rates. If the Fed raised rates that back stop would fail.

Conversely if they didn't raise rates all that debt being handed out would superheat the economy, causing major inflation that would wipe out the consumer market. Which would lead to debt defaults.

In short they're screwed, we're screwed, everyone's screwed.

 

[A Repopulated Embassy]

It really looks like an inevitable disaster in the making for me. Even if the US government tries to solve this, there will still be disastrous bank failures even if they're not stopped with a bailout like the last time.

It really looks like the capitalist system as demonstrated by the US can only lead to bank meltdown cascades, no matter who's at the helm. From what I can see right now, the only way to truly stop this madness is a China-style communist regime that immediately just put an end to all of this madness, but we all know that that's not really a regime we all can live with peacefully.

I truly do wonder if there is a way out of this, but I guess for now, we see what's coming up next.

 

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It really looks like an inevitable disaster in the making for me. Even if the US government tries to solve this, there will still be disastrous bank failures even if they're not stopped with a bailout like the last time.

It really looks like the capitalist system as demonstrated by the US can only lead to bank meltdown cascades, no matter who's at the helm. From what I can see right now, the only way to truly stop this madness is a China-style communist regime that immediately just put an end to all of this madness, but we all know that that's not really a regime we all can live with peacefully.

I truly do wonder if there is a way out of this, but I guess for now, we see what's coming up next.

They either let the banks die, or they let the currency die.

Gosh, it sure would be lucky for them if they were planning on replacing the currency with something a whole lot more restrictive that they could use this situation to push forward.