Buckle Up: Silicon Valley Bank Seized by the Fed

[Acer-m14]

View attachment 195280

BTW Aussie Dollars are not Paper .. there plastic based .. LOL

"

search for proof .. but i know im correct lol


Is Australian money paper or plastic?


"Australian banknotes are printed on polymer, a type of plastic, and they have a distinctive feel. Polymer banknotes were developed to make our currency more difficult to counterfeit. The polymer makes it possible to include a range of security features on our banknotes."

@speerchucker i'm correct lol

DailyMail .. its Plastic notes ,,, not paper .. come on LOL

 

[Cavalry]

BTW Aussie Dollars are not Paper .. there plastic based .. LOL

Technically, US money might be a stretch to call paper as well, its cotton and linen. Where exactly does paper end and cloth begin?

 

[spat]

Technically, US money might be a stretch to call paper as well, its cotton and linen. Where exactly does paper end and cloth begin?

Paper ends when it's no longer made from wood pulp IMHO.

If it's made from trees, it's paper. If it's made from grass or shrubs, then cloth.

 

[Cavalry]

Paper ends when it's no longer made from wood pulp IMHO.

If it's made from trees, it's paper. If it's made from grass or shrubs, then cloth.

I agree but high end writing paper is often linen. Its a murky subject lol

 

[spat]

I agree but high end writing paper is often linen. Its a murky subject lol

Yea, it gets really fuzzy when they mix materials. What %linen is the cutoff from paper to cloth ?

Probably why the Bible forbids mixing fibers, just to avoid that confusion LOL. It must have been important back then LOL.

And don't even go into things like vellum, that are neither cloth or paper. "Sorry, we wrote that manifesto out on leather".

 

[Drinkthekoolaid]

Yea... France just bought LNG from China and paid in yuan.

 

[John Stark]

Another step towards a cashless society:

Europe Pushing the 'Criminalisation' of Physical Cash, MEP Warns

The European Union is in danger of "criminalising" the use of physical cash with its new anti-money laundering laws, an MEP has warned.

www.breitbart.com

 

[DoOver]

Wall Street Silver

@WallStreetSilv


EU to cap cash and crypto payments that can be accepted by persons providing goods or services. They set limits of €7,000 for cash payments and €1,000 for crypto transfers. These are all steps towards a CBDC




11:28 AM · Mar 30, 2023
·
22.1K
Views

 

[John Stark]

Yellen confirms that she is not clueless by tipping her hand:

Janet Yellen: Regulators May Have to Tighten Banking Rules in Wake of Crisis

Treasury Secretary Janet Yellen will say on Thursday that regulators may have to tighten banking rules in the wake of the banking crisis.

www.breitbart.com

“These events remind us of the urgent need to complete unfinished business: to finalize post-crisis reforms, consider whether deregulation may have gone too far, and repair the cracks in the regulatory perimeter that the recent shocks have revealed,” Yellen said.

When she says "post crisis reforms," she's talking about the 2008 Great Recession that gave us the leviathan Dodd/Frank banking and financial bill that has been an utter failure in terms of fixing our currency and the so-called banking and financial "industry." Unless of course we understand that the point of Dodd/Frank was not to fix the system of fiat money, but to cement it into law and perpetuate our national bankruptcy.

When she talks about how "deregulation may have gone too far," she's talking bullshit and unicorn farts. What deregulation is she talking about? Markets, banking, trade, money changing, investment, and all aspects of our economy are very highly regulated and supposedly have stringent governmental "oversight" so that this shit "never happens again." It has been and will continue to be an utter failure for as long as the Federal Reserve exists and we have fiat, worthless money printing and/or fake digital zeros in front of and behind the decimal points that supposedly tally up our "wealth" and "balance sheets" somewhere in computers in the bowels of Leviathan.

What she's really saying is, "We're sticking to Keynsian economics and adding more of it until the system finally collapses and we can implement a cashless society."

As far as repairing "the cracks in the regulatory perimeter that recent shocks have revealed," I think this picture is appropriate:



You're not an engineer! And you're not shoring up anything!

Go back to Hogwarts before the dam gives way bitch!

 

[John Stark]

Interesting analysis here:

Banks stuffed underwater bonds in a sock drawer

As interest rates rose, banks took advantage of accounting rules to hide paper losses. That works fine, until deposits flee, which pushed Silicon Valley Bank into failure.

www.semafor.com

The remedy at the end of the article leaves something to be desired lol.

 

[Defilade]

 

[prambo]

Central Banks Are Creating the Return of Mugabenomics | Daniel Moule

 

[John Stark]

Hush now baby baby, don't you cry:

Biggest US Banks See Surge in Deposit Withdrawals

www.theepochtimes.com

Momma's going to keep baby, cosy and warm...

 

[prambo]

Good a place as any for this...

It's another part of the story about the dying fUSA and it's fiat currency...

I think it's fucking funny, even if I have to feel some pain from it.

Bloomberg - Are you a robot?


ETA: just more fuel for the fUS$ bonfire -

De-dollarization Underway: Is The Dollar Losing Its Reserve Currency Status? | ZeroHedge

 

[John Stark]

Good a place as any for this...

It's another part of the story about the dying fUSA and it's fiat currency...

I think it's fucking funny, even if I have to feel some pain from it.

Bloomberg - Are you a robot?


ETA: just more fuel for the fUS$ bonfire -

De-dollarization Underway: Is The Dollar Losing Its Reserve Currency Status? | ZeroHedge

View attachment 196129

Nothing says financial stability like statements like this:

"“But now with the strength of the economies in China, Japan and others, I think we should discuss this — at least consider an Asian Monetary Fund, and, secondly, the use of our respective currencies,” he said""

China's economy is a fairy tale. Japan is broke. Asian nations are heavily dependent on "trading" with the EU, the truncated British Empire including the UK, the Aussies, Canada, and New Zealand, and the United States and other "western nations," etc. All of which are so deep into the ponzi fiat money scheme that they are as broke the asian nations who couldn't produce without the "wealth" of the nations they sell to.

Its a tangled scheme with no winners.



I recommend everyone Go long on V8 Interceptors:

1974 Ford Falcon "V8 Interceptor" - Mad Max Last V8

The V8 Interceptor, also known as a Pursuit Special, is driven by Max Rockatansky at the end of Mad Max and for the first half of Mad Max 2

getyourclassic.com

 

[tirwin1]

Hush now baby baby, don't you cry:

Biggest US Banks See Surge in Deposit Withdrawals

www.theepochtimes.com

Momma's going to keep baby, cosy and warm...

I am missing something here. I can understand the flight of deposits out of regional banks into the larger "too big to fail" banks. But why would people take their money out of these big banks and put them into money market funds where there is NO federal insurance (unless I am missing something).

Is this a sign that people believe money market funds with no government backing are actually safer than banks with a government guarantee?

 

[John Stark]

I am missing something here. I can understand the flight of deposits out of regional banks into the larger "too big to fail" banks. But why would people take their money out of these big banks and put them into money market funds where there is NO federal insurance (unless I am missing something).

Is this a sign that people believe money market funds with no government backing are actually safer than banks with a government guarantee?

I'm not sure if we have enough information. I'm not sure if I have a fucking clue.

Someone probably does though lol.

My guess is smaller savers and investors, mostly those who are moving funds that are for their retirement, are spreading their money around so that their deposits are covered by the FDIC 250k limit. Perhaps the initial move to the larger banks was nothing more than a bit of breathing space so they could figure out their next step, and to avoid the possibility of losing their bets in the immediate "crisis." Once they "safely" parked their liquid assets in the big bank, they went looking for options where they could park 250k chunks of their wealth and be covered by the FDIC limit. Having your fortune in a big bank is no guarantee as a safe haven, at least in IMO.

As far as people parking liquid assets in money markets, I'm thinking we are talking about people with more than just a million or two to manage. 250k FDIC guarantee doesn't mean much if you've got 10s of millions to keep an eye on. These folks are not just looking for a safe haven, they are looking for a safe haven with returns. Lots of people are chasing the bouncy ball to beat inflation, grow their wealth by accepting the risk, diversifying their portfolios, getting in on the next wave, buying the dip, whatever. If people think they an grow their "wealth" by a fair amount more than the protection of a mere 250k FDIC guarantee, they're likely to accept more risk in that direction than simply parking their funds in a bank.

One of the funny things about all of this is the fact that the powers that be came out and were talking about guaranteeing ALL deposits, $18 trillion worth at the time.

Which leads me to the question: If all deposits might be backstopped by the Fed and Treasury, what is the panic about? I know that backstopping all deposits was not even at the "double pinky swear" level of a promise, but it was certainly a trial balloon and a signal to investors. I mean, a full backstop of ALL deposits eliminates the risk, right? LOL

Perhaps wealthy people simply don't trust the Federal Reserve and the Treasury (i.e., the government) to actually stem the tide if "necessary." Perhaps that backstop was a suggested promise to entice people to cross the rainbow bridge again to find that next pot of gold.

Wealthy people must know that "paper" assets are extremely vulnerable in the fiat money printing system. Maybe they are moving liquid assets that are backed by something more than a promise, or to safer jurisdictions, whether foreign or domestic?

Frankly the whole ponzi scheme at a fundamental level baffles me. I look at something like playing Black Jack or Poker as something that at least has quantifiable odds and risks, defined rules, and better means to gauge whether or not you have a winning hand.

Investing often seems to me to be akin to trying to gauge which way the wind is blowing on any given day, something that depends a lot on trends and the latest "news" and "movements," what's hot and what's not, or supposedly so either way, etc., not on any rules that are hard and fast.

Fiat "money" that is nothing more than slips of paper or zeros in some computer is not true wealth to my mind. I don't think its a very safe means of transaction any longer, because I don't see it as a store to value, or a true medium of exchange.

 

[prambo]

This vid is from the Zerohedge article I posted above.

It discusses de-dollarization, Ukraine, BRICS+, and other topics as it relates to the possible financial shitstorm of the horizon.

Worth watching just to hear Rubino use the term "...Neo-con psychopaths...".

 

[John Stark]

Yellen says the quiet part out loud:

Janet Yellen Admits So-Called "Inflation Reduction Act" Is a Hoax to Push Radical Climate Agenda​

Janet Yellen Admits So-Called "Inflation Reduction Act" Is a Hoax to Push Radical Climate Agenda

***⨠The Liberty Daily benefits when you shop using the following links and Code: TLD _ The Liberty Daily Recommends ONE Honest, America-First Precious Metals Company - Our Gold Guy! https://ourgoldgu

rumble.com

 

[Drinkthekoolaid]

Listen, I know my limitations. I know I'm far from the smartest guy in the room. But I know there is some serious fuckery afoot.

 

[JaguarJaguarGolf]

OK.
I'm putting away about 2 grand a month in anticipation of 2 weddings in mid and late 2024.

They're already living together, buying homes in USA and Europe, so in effect already married so it's not like it's not going to happen if I don't help with expenses.

Tell me where to put this money, Please.

I have savings accounts at 3 banks/credit unions, local, international and federal.

Gold/silver, ammo, tools, guns, Certificates of Deposit, Food, art?

 

[John Stark]

Gold/silver, ammo, tools, guns, Certificates of Deposit, Food, art?

Yes

 

[John Stark]

Tangential but interesting given the topic at hand:

ZeroHedge

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero

www.zerohedge.com

So JPMorgan Chase got taken for a ride buying up an app that helps prospective college students apply for financial aid. They buy an app that was supposed to have million existing customers, that actually had only 300k customers, and got taken for $175 million.

Lets say that's the real story for the sake of argument.

This is one of the "Too Big to Fail" banks that people are supposed to run to in order to protect their liquid assets during this "crisis?"

Chase is the biggest US bank. They don't have a single competent corporate officer, attorney, private investigator, analyst, or any other employee who doesn't have his head up his ass to, you know, confirm that what they were buying was a legit business with the customer data base they claimed to have?

BEFORE buying it for 175 million? LOL

That doesn't pass the sniff test, and it certainly doesn't instill confidence that Chase is the bank you want to run off to with your recently withdrawn deposits.

It ought to be noted that Chase has been charged and convicted in felony cases of financial chicanery over the years, and paid millions in fines to "pay" for their crimes.

Banksters is the most appropriate turn of phrase I've ever heard to describe these robber barons.

 

[Defilade]

OK.
I'm putting away about 2 grand a month in anticipation of 2 weddings in mid and late 2024.

They're already living together, buying homes in USA and Europe, so in effect already married so it's not like it's not going to happen if I don't help with expenses.

Tell me where to put this money, Please.

I have savings accounts at 3 banks/credit unions, local, international and federal.

Gold/silver, ammo, tools, guns, Certificates of Deposit, Food, art?

Put it under your pillow.

 

[JaguarJaguarGolf]

Put it under your pillow.

Yes That was one of the options I feared

 

[DoOver]

​

See new Tweets

Conversation​

Genevieve Roch-Decter, CFA

@GRDecter


Good Morning Everyone! Gold is 2% away from hitting all-time highs in nearly every currency. Why? Global financial uncertainty, inflation, de-dollarization and record central bank gold buying in 2022. Is this the start of a new gold bull market?




7:50 AM · Apr 5, 2023
·
129.8K
Views

 

[tirwin1]

Tangential but interesting given the topic at hand:

ZeroHedge

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero

www.zerohedge.com

So JPMorgan Chase got taken for a ride buying up an app that helps prospective college students apply for financial aid. They buy an app that was supposed to have million existing customers, that actually had only 300k customers, and got taken for $175 million.

Lets say that's the real story for the sake of argument.

This is one of the "Too Big to Fail" banks that people are supposed to run to in order to protect their liquid assets during this "crisis?"

Chase is the biggest US bank. They don't have a single competent corporate officer, attorney, private investigator, analyst, or any other employee who doesn't have his head up his ass to, you know, confirm that what they were buying was a legit business with the customer data base they claimed to have?

BEFORE buying it for 175 million? LOL

That doesn't pass the sniff test, and it certainly doesn't instill confidence that Chase is the bank you want to run off to with your recently withdrawn deposits.

It ought to be noted that Chase has been charged and convicted in felony cases of financial chicanery over the years, and paid millions in fines to "pay" for their crimes.

Banksters is the most appropriate turn of phrase I've ever heard to describe these robber barons.

I can testify to the stupidity at these big banks. Years ago I worked for a database marketing company. We pitched a department of chase. Database marketing is essentially using information to focus on the people most likely to respond to your offer. The cardinal sin in the industry is mailing all of your customers precisely because it is a waste of money. So what did one of these geniuses at this big, super smart bank want to do? You got it, they wanted to mail something to all customers. This idiot flunked marketing 101 but was a decision maker at the bank!

Being big and rich allows for a level of stupidity to creep in and it covers a lot of mistakes. I am 100% opposed to enlarging the deposit insurance program to cover uninsured deposits. I also don't believe in the too big to fail concept. I guarantee you that one or more of these banks will cause an economic calamity.

 

[prambo]

I am missing something here. I can understand the flight of deposits out of regional banks into the larger "too big to fail" banks. But why would people take their money out of these big banks and put them into money market funds where there is NO federal insurance (unless I am missing something).

Is this a sign that people believe money market funds with no government backing are actually safer than banks with a government guarantee?

I don't give a flying fuck WHY they're putting it into money markets, but the flow itself is a sort of "guerrilla' finance.

Anyone with $$$$ in any bank, other than that necessary to pay immediately upcoming bills, is a fucking moron.

Keep that $$$ in a shoebox if necessary - at least until the Fed.Gov shitweasels bring in CBDC, which they will.

 

[prambo]

Regardless of being essentially financially illiterate myself, I find that Charles Hughes Smith usually hits the nail on the head...

Neither of the articles below think this mess is going to end well...

Global Bankruptcy Already Baked In - Daily Reckoning

"Scrape away the complexity and every economic crisis and crash boils down to the precarious asymmetry between collateral and the debt secured by that collateral collapsing.

It’s really that simple."

"The resulting erosion of collateral will collapse the global credit bubble, a repricing/reset that will bankrupt the global economy and financial system."

Here's another article from Jim Rickards...

Why the Panic Is Just Beginning - Daily Reckoning

"This could be the crisis where the panic moves from the banks to the dollar itself. If savers lose confidence in the Fed (we’re almost there) not only will the banks collapse, but the dollar will collapse also. At that point, the only solution is gold bullion.

Further evidence comes from the fact that no sooner was the Credit Suisse shotgun wedding completed than investors aimed their sights at Deutsche Bank, another perennial weak link in the chain. Who’s next? Barclays? Santander? We don’t know. Neither do regulators or investors. But we do know more failures are coming.

By the way, this is not really a banking crisis even though it plays out in the form of bank failures. What’s going on is a crisis caused by a shortage of Treasury bill collateral to support derivatives positions and shrinking balance sheets as a consequence of the collateral shortage."

To my limited viewpoint, it looks like the "financial institutions" have been playing stupid games - and the people will get the stupid prizes...in this case, the big falota right up the poop chute.

 

[prambo]

OK.
I'm putting away about 2 grand a month in anticipation of 2 weddings in mid and late 2024.

They're already living together, buying homes in USA and Europe, so in effect already married so it's not like it's not going to happen if I don't help with expenses.

Tell me where to put this money, Please.

I have savings accounts at 3 banks/credit unions, local, international and federal.

Gold/silver, ammo, tools, guns, Certificates of Deposit, Food, art?

Property in Costa Rica, with attendant bribes to the right government officials there - when the fUSA goes to shit it's going to be a shit show.