AbendCode12
kiwifarms.net
- Joined
- May 31, 2020
Who knows? If anyone knew they probably wouldn't tell because the entire western culture is now a low trust environment.
Bank Run Watch 2023 after Silicon Valley Bank shutdown - Over 97% of SVB's assets were not FDIC insured
- Thread starter chiobu
- Start date
- Joined
- Jul 18, 2017
The only way to win is not to play. No, really. Don't invest your money, don't put your money in banks, and don't pay your taxes. If the peasants did those three things, they win.
The sad truth however is they won't. I know what it takes to win and yet even I pay my taxes, keep my money in a bank, and invest what I have left. It can be a bit of a Black pill to see your chains and know you don't have the will to break them. Even though you could if you wanted too. Ever wondered why Hobos seem so cheerful without a care in the world? They are free. But I don't want to be a hobo.
We all must serve. It's the nature of human civilization. The only hope is the ones holding the chains are competent and not malevolent. Ideally. Barring that, I would take a competent but malevolent slave master over an incompetent but non malevolent one.
Sadly our masters are both incompetent AND malevolent. Such is the nature of our society right now.
The sad truth however is they won't. I know what it takes to win and yet even I pay my taxes, keep my money in a bank, and invest what I have left. It can be a bit of a Black pill to see your chains and know you don't have the will to break them. Even though you could if you wanted too. Ever wondered why Hobos seem so cheerful without a care in the world? They are free. But I don't want to be a hobo.
We all must serve. It's the nature of human civilization. The only hope is the ones holding the chains are competent and not malevolent. Ideally. Barring that, I would take a competent but malevolent slave master over an incompetent but non malevolent one.
Sadly our masters are both incompetent AND malevolent. Such is the nature of our society right now.
Last edited:
- Joined
- Apr 11, 2016
I know I could just check his thread to get the answer but I’m wondering out loud:
Has Fatrick Tomlinson been making “ackshually as a sci fi “author” and porcine intellectual I can weigh in on this issue” tweets about the situation yet?
- Joined
- Jul 1, 2017
No, stalker, he hasn't.
- Joined
- Dec 15, 2022
So now Credit Suisse has collapsed. I think the Swiss government said they will bail them out. I think the US government said they will as well. At least the branches here in the US. Rich people can't suffer the consequences of their stupid decisions and criminal behavior at all. But poor people have to.
People keep saying there is a lot of credit debt in the US population. That it's at an all time high. So I figured I would just point this out. Back in 2000's when Bush was in office he changed the bankruptcy laws and how debt is handled in the US. Filing for bankruptcy will no longer get you out from under the debt. You will still have to pay it off. I wonder if these people with credit card debt know this or remember that. I guess we will find out very soon.
Poor people used to go out and get credit cards. Like a credit card with a 10,000 or 20,000 limit. They would use the money to go on shopping sprees and buy things they couldn't afford to otherwise. They would max the card out and then file for bankruptcy. This was a popular thing with the middle class lower middle class and working poor. It might take them a decade to dig themselves out of the bankruptcy hole, but it was like getting a jump start for your life. They would give credit cards to anyone back then. Are you some 20-30 year old with no real money? Here have a credit card. Are you some struggling lower middle class Boomer in your 40's barely getting by? have a credit card with a 20,000 limit.
The US has a capitalist economy. That means it relies on people buying stuff made by rich people. Now back in the Boomers days you could get a car for a few thousand dollars. But over time things got more expensive so you needed credit to buy things. People couldn't afford to just buy them outright. They couldn't afford it. That's where you see the dependence on credit come in. When Bush changed the laws, I imagine the US economy took a big hit. I would think people would have become a little more cautious about taking on credit card debt. But with everything I am hearing I guess I am wrong.
Just a warning for anyone else. You can't file for bankruptcy to get rid of your credit card debt. You have to pay it off. Unless your rich then the government will bail you out.
There are plenty of people out there doing that. Probably not enough to bring the system down. Why do you think the economy is so terrible? I mean it's one of the reasons. People aren't working and spending money and if they do work their money goes to other things and not being good consumers. All the stores closing down isn't just a coincidence. The retail apocalypse wasn't because of online shopping.
It's not really incompetency. They know what they are doing they just don't care.
People keep saying there is a lot of credit debt in the US population. That it's at an all time high. So I figured I would just point this out. Back in 2000's when Bush was in office he changed the bankruptcy laws and how debt is handled in the US. Filing for bankruptcy will no longer get you out from under the debt. You will still have to pay it off. I wonder if these people with credit card debt know this or remember that. I guess we will find out very soon.
Poor people used to go out and get credit cards. Like a credit card with a 10,000 or 20,000 limit. They would use the money to go on shopping sprees and buy things they couldn't afford to otherwise. They would max the card out and then file for bankruptcy. This was a popular thing with the middle class lower middle class and working poor. It might take them a decade to dig themselves out of the bankruptcy hole, but it was like getting a jump start for your life. They would give credit cards to anyone back then. Are you some 20-30 year old with no real money? Here have a credit card. Are you some struggling lower middle class Boomer in your 40's barely getting by? have a credit card with a 20,000 limit.
The US has a capitalist economy. That means it relies on people buying stuff made by rich people. Now back in the Boomers days you could get a car for a few thousand dollars. But over time things got more expensive so you needed credit to buy things. People couldn't afford to just buy them outright. They couldn't afford it. That's where you see the dependence on credit come in. When Bush changed the laws, I imagine the US economy took a big hit. I would think people would have become a little more cautious about taking on credit card debt. But with everything I am hearing I guess I am wrong.
Just a warning for anyone else. You can't file for bankruptcy to get rid of your credit card debt. You have to pay it off. Unless your rich then the government will bail you out.
When the game is rigged the only way to win is not to play at all.
There are plenty of people out there doing that. Probably not enough to bring the system down. Why do you think the economy is so terrible? I mean it's one of the reasons. People aren't working and spending money and if they do work their money goes to other things and not being good consumers. All the stores closing down isn't just a coincidence. The retail apocalypse wasn't because of online shopping.
It's not really incompetency. They know what they are doing they just don't care.
- Joined
- Apr 11, 2016
What’s a good mid to long term plan to park my USD? ($x,xxx to $xx,xxx)
I already own a few guns and I try to stockpile brass but I always end up with less FMJ than I’d like if I’m going to the range 1-2x/week. I’m curious about buying silver or gold but 1.) I’m sure the spot prices are jacked up this moment due to recent events 2.) I want to buy silver rounds online but I don’t want to get ripped off buying some silver plated zinc crap or something
I already own a few guns and I try to stockpile brass but I always end up with less FMJ than I’d like if I’m going to the range 1-2x/week. I’m curious about buying silver or gold but 1.) I’m sure the spot prices are jacked up this moment due to recent events 2.) I want to buy silver rounds online but I don’t want to get ripped off buying some silver plated zinc crap or something
- Joined
- Jul 1, 2017
Buy pre-1965 silver coins aka junk silver. Nobody counterfeits those, they're still valid US currency (or whatever country they're from, I've got some old 80% Canadian silver), and they're usually about the same amount of silver for the value as a silver round. Sometimes even cheaper--according to findbullionprices.com (a good source for cataloging how expensive sites are selling you this shit for), the cheapest silver you could get that wasn't a fuckhuge bar of silver were the WWII-era nickels (at least on one site I bought from). Since they're only 35% silver, I guess nobody stashes them since they'd take up too much space, but they aren't much above the spot price of silver.
- Joined
- Jan 15, 2019
lolwut? You absolutely can -- it's called Chapter 7, and it wipes out almost all debts besides student loans and a select few types of civil tort awards (i.e. civil judgments against you for shit you did deliberately).
The only "wrinkle" about Chapter 7 is you need to be pretty much broke to qualify. Homestead laws help protect your home during bankruptcy, though you still have to "reaffirm" with the mortgage lender (meaning you promise not to discharge the mortgage in the bankruptcy). If you're still making a car payment, you can also reaffirm with that lender to keep your car. Other than that, they can (technically speaking) demand you sell everything you own and give the court trustee the cash to get divided up among your creditors. FWIW, they rarely do that. Just look at DSP -- he blew away over $100k in debt even with "detractors" literally warning the trustee and his creditors that he was scamming the court.
- Joined
- Nov 24, 2021
So we are in this moment again. Hello yar 2008, I didn't see you for couple of years.
In both cases learn how to indetify silver and gold - you will mneed:
- brain,
- Google,
- weighing scale - precision at least to 0,1 gram
- knowleadge what are you buying.
For example: if you want to buy Canadian Maple Leafs check on trusted site (or example: they producer or renowed distributor) what are they dimmensions and weight. When you guy who will wish to sell it check if all dimmensions and wieght are accurate with that stated by producer/renowed site.
Rest is science: if two objects of same dimmensions have same weight they are from same material or are fuckin good forfits (e.g: someone was able to make alloy from non-precious metalls which have exactly smae denisty that forfited metall). In case of small bullion coins/bars no one will give a fuck to make a good forfit, because this would be like stealing lolypops.
Yes, but it is always a risk that you will buy a pre-1965 conterfitted money. Small, but bigger than anyone making good conterfits of 1oz Mapple Leafs.
Also: checking if they real is more time-consuming than checking bigger objects.
Also2: they small. Have fun to changing 2k todays bucks in that way (it will be, according to ngccoin.com at least 250 of silver half-dollars... or 500 quarters... or a fucktone of silver dimes). In case of standard 1oz silver bullion coins it will be less than 80 coins. Not a big deal with small thousands, but change numbers into 20k USD and you will have some logistic problem.
Also3: in case of maple leafs or whatever you can just order then from in needed quantity. You cannot be sure than in next month you will buy desired amount of pre-1965 coins.
Besides, they are some advantages in pre-1965's. In case of doom, when all soicety will collapse and population will return to trading with silver (yeah, whatever) it will be more handy to have smaller coins to made payments for bread (or fried rats, whatever, doom is doom).
- Joined
- Mar 8, 2023
![LinkinParkxNaruto[AMV]](http://uploads.kiwifarms.st/data/avatars/l/61/61177.jpg?1699571951){kind=avatar}
- Joined
- Jul 28, 2020
niggers stay winning.
First sign of a society that won't make it is there's no incentive to not be a nigger. The question running through young adults minds right now, people in education or in the job market "why even bother "
Standardized Profile
kiwifarms.net
- Joined
- Oct 5, 2018
Review your investment plan. Is it correct for your goals and risk tolerance? If so, continue following the plan. If not, make the appropriate adjustments to your contributions, your stock allocation, and/or your bond allocation. Bogleheads.org has a good forum for investment questions. They do ask for a little more information up front. "Mere retard with low tens of thousands in an investment account" does not provide enough detail for actionable advice.
ATI Escapee
kiwifarms.net
- Joined
- Apr 7, 2022
US gonna get involved, but I don't think the Fed will end up giving funds. Would love to be a fly on the wall...
- Joined
- Nov 15, 2021
During a downturn, buy stocks in companies you expect the government to bail out.
- Joined
- Nov 12, 2019
fun times ahead
Russian Parliament poised to approve digital ruble as legal tender – Cryptopolitan
The lower house of the Russian Parliament, the State Duma, has approved a draft law that paves the way for the introduction of the digital ruble as a legal tender. The legislation amends various other acts to introduce definitions and establish procedures related to the launch of the central...
www.cryptopolitan.com
- Joined
- Jun 14, 2018
Think not of key-jangling. Think of ballot farming, and Republican attempts to counter that with their own ballot farming operations (because hey, what's good for the goose is good for the gander).
2024 is going to be a wild year, that's for sure.
People have been predicting the collapse of the US dollar at year X for decades now. What is never even asked (let alone answered) is what exactly is going to replace the dollar as the global reserve currency. A lack of a global reserve currency is going to severely complicate global finance and trade, and states like Russia, China, India, and Latin America have money that is even less valuable or stable than the US dollar. The US dollar is beloved by global financial institutions because of its convenience to hold, as opposed to the often (even more) obscurantist financial bullshit done by Russia, China, India, or Latin America. The destruction of the US dollar would require an entirely new global economic and financial system, such as how it replaced the UK pound sterling because of World War II and the subsequent economic restructuring of the world, and that simply hasn't happened yet.
I'll believe that global "de-dollarization" is happening when world banks (or big corporations) start trading primarily in yuans or rubles instead of dollars. Otherwise, America has at least a full generation to dither and "experiment" with the US dollar.
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- Joined
- Mar 8, 2023
The conspiracy theory that Russia is the villain in the WEF punch and Judy show, used to distract from the global introduction of CBDC seems more true now.View attachment 4814337
fun times ahead
Russian Parliament poised to approve digital ruble as legal tender – Cryptopolitan
The lower house of the Russian Parliament, the State Duma, has approved a draft law that paves the way for the introduction of the digital ruble as a legal tender. The legislation amends various other acts to introduce definitions and establish procedures related to the launch of the central...
- Joined
- Nov 12, 2019
Please help me OBI- one your my only hope!!!
Midsize U.S. banks reportedly ask the FDIC to insure all deposits for two years
A coalition of midsize U.S. banks asked regulators to extend FDIC insurance to all deposits for the next two years, Bloomberg News reported.
Midsize U.S. banks reportedly ask the FDIC to insure all deposits for…
archived 18 Mar 2023 21:51:52 UTC
Midsize US Banks Ask FDIC to Insure Deposits for Two Years
A coalition of midsize US banks asked federal regulators to extend FDIC insurance to all deposits for the next two years, arguing the guarantee is needed to avoid a wider run on the banks.
www.bloomberg.com
FDIC Asked by Midsize Banks to Insure All Deposits for Two Years - Bl…
archived 18 Mar 2023 21:15:26 UTC
ATI Escapee
kiwifarms.net
- Joined
- Apr 7, 2022
Warren Buffett in Contact With Biden Team on Banking Crisis
Berkshire Hathaway Inc.’s Warren Buffett has been in touch with senior officials in President Joe Biden’s administration in recent days as the regional banking crisis unfolds.
www.bloomberg.com
.......bruh
(Bloomberg sucks cant archive sry bout paywall or registration popups)
- Joined
- Sep 29, 2020
I was able to archive it with no problem:View attachment 4815245
Warren Buffett in Contact With Biden Team on Banking Crisis
Berkshire Hathaway Inc.’s Warren Buffett has been in touch with senior officials in President Joe Biden’s administration in recent days as the regional banking crisis unfolds.
.......bruh
(Bloomberg sucks cant archive sry bout paywall or registration popups)
Archive.ph
Ghostarchive