Bank collapses March 2023

[Augustine5I]

I remember the bank bailouts years ago.

They paid it back in record time.

Demonstrated to me just how much money these banks make.

But worst thing that can happen is media spreading fear causing a run on the banks.

They don’t have ALL of our money. They invest our money to make more money. So they couldn’t give out and satisfy all withdrawals. Go under.

Becomes a self fulfilling problem for everyone.

Like a ponzi scheme

 

[tommygunz]

What a simple mind you have.

Just a simple question have you always been a bottom boy with the dream of being a top ?

Coming from your mind it truly is a simple question.

 

[tommygunz]

Another fine example of how open-minded Democrats are.....

"For several years now, many Democratic members have embraced censorship on social media and resisted efforts to uncover government efforts to silence citizens. As someone who grew up in a liberal, Democratic family in Chicago, I knew that a commitment to free speech was one of the most compelling values of the party — back then. Today, free speech often is treated as harmful and dangerous.

President Joe Biden is arguably the most anti-free-speech president since John Adams, and the Democratic Party is largely committed to censorship and speech regulations. Some Democratic figures, including Plaskett, have declared that hate speech is unprotected under the First Amendment — a categorically untrue claim.

As the evidence mounts of an even broader censorship effort by the Biden administration, the Democrats’ attacks have become more unhinged and unscrupulous. After shredding any fealty to free speech, they now are attacking journalists, demanding their sources and claiming their reporting is a public threat."

Post-Decency Politics: House Democrats Use Hearing to Attack Both Free Speech and a Free Press

Two things:
1. I am that old lol.
2. Thanks for taking time out of your day to dedicate to me.

 

[Multislacking]

Hmmm....you know...you have to wonder how many birds they are killing with this stone...

BREAKING: US judge orders JPMorgan Chase, Deutsche Bank to face lawsuits linked to Jeffrey Epstein

Both banks must also face proposed class actions by women who said Epstein sexually abused them.

thepostmillennial.com

 

[heckler7]

we have been in a recession, but biden admin changed the definition of recession and you cant find any media outlet calling it a recession, I wonder how log they can pull the wool over the average persons eyes that we are all screwed

 

[Milford King]

we have been in a recession, but biden admin changed the definition of recession and you cant find any media outlet calling it a recession, I wonder how log they can pull the wool over the average DEMOCRAT voters eyes that we are all screwed

Average person? Fixed it for ya!

Some of us called this shit out before it started. Lol

 

[Augustine5I]

Hmmm....you know...you have to wonder how many birds they are killing with this stone...

BREAKING: US judge orders JPMorgan Chase, Deutsche Bank to face lawsuits linked to Jeffrey Epstein

Both banks must also face proposed class actions by women who said Epstein sexually abused them.

thepostmillennial.com

Banks have insurance for this crap. They will definitely settle out of court in a hurry. Sign non disclosure and you will never hear of it again. Just watch.

 

[Augustine5I]

Average person? Fixed it for ya!

Some of us called this shit out before it started. Lol

Just read something yesterday from JP Morgan saying we are headed for a recession.

We have been in a recession for a year.

Funny the perception of ppl when you word things a certain way.

It would be way worse if ppl perceived the economy was in a recession. Even tho it is…

They blame inflation. Lol. Which ironically Biden denounced too for awhile.

Meanwhile I saw on CNN only 33% of kids are proficient in reading and writing in Illinois. 25% in math.

Betting this is in good part Bc of urban Chicago bringing the numbers down big time.

If your a young man who has his shit together… your are going to have these moron peers doing your lawn and kissing your ass.

Those numbers are awful. Are future generations are too busy looking down at their phones trying to become influencers.

Attention span is nil. If it’s longer then a tik tok clip they are lost.

But hey, let’s keep worrying about equity. It’s working!!!

 

[Jaxz]

They must think things are going to get a whole lot worst .

They will probably cause bad shit to happen . They sale off tons of shit to get the prices rock bottom then buy it back at the bottom so they make money coming and going .
Then dumb ass will bail them out so they can get there bonuses

 

[Augustine5I]

They must think things are going to get a whole lot worst .

They will probably cause bad shit to happen . They sale off tons of shit to get the prices rock bottom then buy it back at the bottom so they make money coming and going .
Then dumb ass will bail them out so they can get there bonuses

I can only imagine how rich the wealthy got during the Great Depression.

Buying up everything for pennies on the dollar.

If you had money at that time?? U had a lot more afterwards.

Money goes to money.

 

[Fletcher]

All by design... digital FedNow CBDC, beast-mark inbound... they are just clearing the decks for satans landing.

 

[Augustine5I]

All by design... digital FedNow CBDC, beast-mark inbound... they are just clearing the decks for satans landing.

Wow. I pray not bro.

I think a lot of ppl over the years have felt they were living in the end of times.

Probably some moron will use nukes and we will destroy our selves. Sadly.

I suppose ppl allow maniacs to take power over them. And then they get manic behavior and lament about it. Idk

 

[heavyiron]

The central banks are all buying record amounts of gold....they know what's coming...

 

[stinkfingerdelux]

The central banks are all buying record amounts of gold....they know what's coming...

I'm coming

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[heavyiron]

They don't have the money to cover

 

[kilsong]

They must think things are going to get a whole lot worst .

They will probably cause bad shit to happen . They sale off tons of shit to get the prices rock bottom then buy it back at the bottom so they make money coming and going .
Then dumb ass will bail them out so they can get there bonuses

Oh please..
U don't know a fucken thing about the banking industry you fucken ignorant fuck you.
Go call ur early pay advance "banking card" and they'll bring u up to speed.

 

[GivePenisaChance22]

Are you guys watching the two banks collapse and the impact?

It will affect all of us.

My gf is a VP of a bank and she told me that how this bank "bail out" will work in lamens terms is that the FDIC will utilize all other banks to finance the collapse and insuring of funds for these two and any other collapse.

This means all other banks will foot the losses. This means we the customers will eventually pay for all of this.

Another wonderful Biden accomplishment. Worst administration ever designed....doing just what it was designed to do actually.

Bank of America: Brace For Impact (NYSE:BAC)

Bank of America suffered a steep drop last week, caught in the crossfire from the SIVB collapse. See why I still have a buy rating on BAC stock.

seekingalpha.com

Your gf is a VP of a bank?! Man, how lucky and stylish!

 

[Jaxz]

Oh please..
U don't know a fucken thing about the banking industry you fucken ignorant fuck you.
Go call ur early pay advance "banking card" and they'll bring u up to speed.

Lol , I know you are so much smart than me lol.
Can you teach me please ?

 

[Milford King]

Oh please..
U don't know a fucken thing about the banking industry you fucken ignorant fuck you.
Go call ur early pay advance "banking card" and they'll bring u up to speed.

Lol those advance pay cards targeted blacks and gays … every commercial I ever saw had a black girl or a homo in it tryna sell it…


*the more you know

Like selling a Subaru to a lesbian bro

 

[Jaxz]

Lol those advance pay cards targeted blacks and gays … every commercial I ever saw had a black girl or a homo in it tryna sell it…


*the more you know

Like selling a Subaru to a lesbian bro

That's probably all he knows bro. Don't be to hard on him he's just a small child mentally

 

[Augustine5I]

I talked to my guy at Wells Fargo.

He said never gonna happen.

The fall of SVN is like comparing a mom and pop grocery store to a shoprite.

You guys ever hear of FDIC?

Intended to insure your money so you know it’s not going to dissolve over night. Prevents morons from doing a run on the bank.

Media of course would love that… spreading fear is job one. Job two? Spreading anger/hate.

True story

 

[Glycomann]

Two things:
1. I am that old lol.
2. Thanks for taking time out of your day to dedicate to me.

At this point I feel the two parties are just two sides of an operation to grift the treasury, steal what they can and divide the people based on old psychological premises put forward by institutes like Tavistock. I really don't even see the point of voting at this point in our history. Nobody gets into office without the nod from monied interests and by chance if someone is a threat there are leavers to pull to stop them or convert them and use them. I see this right down to county level and even in the school boards. When the true powers can simply print currency there is no limit to corruption and I think we are seeing how the game goes at its climax when the system is about to collapse. In politics cream does not rise to the top, psychopathy does.

 

[stinkfingerdelux]

Fdic doesn't have the funds to secure everyone in the event of a cascading domino effect on multiple large banks. They claim infinite liquidity bit this is what started that mess in the first place. Wells Fargo and bank of America are 2 of the well known too big to fail. Banks I often imagine would take the hard hit n possibly be taken over by the fed b4 it fell. Things are going the way I had imagined a few years back when I started my financial hub thread.
Were in the house of cards section of the story. Entering the preface to the dollar endgame.
If anyone followed my madness and ramblings in that thread. It was often geared towards the collapse of multiple banks and large funds. The fed trying to hold. Everything together and destroying the dollar in the making of their actions. 2 years later and it seems to be playing out. And I could be totally wrong. We all could be.
Part of me wants to get filthy rich off of this mess. But the other part of me is pretty nervous for my son's future.

Everything is financially fucked big time.
Archegos borrowed like 10.billion we'll say. Used it as collateral to borrow another 10. He did this till. He accumulated around 30 or 40.billion and his fund collapsed. Leaves all loaners fucked. Those banks took large hits and the fed wanted high reverse repo payments like crazy and the bond market changed. The fed wasn't issuing more. Bonds. So for banks to get loot from the treasury. They didn't have bonds to. Trade for so they borrow them from large hedge funds. So now banks are. Borrowing from. Funds and funds are fucking tanks the markets. There's a storm brewing. We start hearing about market turmoil. Next thing you know the term infinite liquidity is being thrown around on the news alot. Then what. Fed talks of. Quantitative easing?EASING? month later. Maybe we raise rates. Hard landing.

Credit suisse was holding the Archegos bags. And deutsch bank has heavy exposure to. Cs.
Cs falls. Eyes on DB

It's scary. They're all. Playing hot potatoes with these bullet swaps. They expired around the 21st. Think they're due on the 29th ish. I'm interest in seeing what changes during that time.
Every bank right now has to worry abiut the exposure to those swaps.
Imagine thinking.

Hey I'm. A. New Farmer. I hear this bird flu stuff and it freaks me out I don't have the experience to keep my farm alive during that type of situation. I'll pay you to assume the risk of my Farm. And I'll tend to your corn crops. End of season. Things seem stable I swap out and return to my farm
Imagine banks and debt instead of farms and chickens.
Everyone is holding onto these credit default swaps. In the midst of bank failures... Imagine thinking. Credit suisse is so big n large what a safe bet. Then a week later you find out ur holding their debt and this is happening. Your clearing going under with them. And so is whoever that's tied to your institution.
Ugh. To early to think abiut this stuff and I'm. Not even stoned. I'm out. Lol thanks for. Listening or sorry I out u threw that.

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[heavyiron]

I talked to my guy at Wells Fargo.

He said never gonna happen.

The fall of SVN is like comparing a mom and pop grocery store to a shoprite.

You guys ever hear of FDIC?

Intended to insure your money so you know it’s not going to dissolve over night. Prevents morons from doing a run on the bank.

Media of course would love that… spreading fear is job one. Job two? Spreading anger/hate.

True story

The FDIC doesn't have the money to cover all the deposits. They had around 2% a few weeks ago. They then did some fancy math and it looks like they can cover maybe 5% of depositors now.

WF is likely going to be protected by the Fed. Its a GSIB. However to do this the Fed is destroying the currency. Its inflationary.

 

[heavyiron]

Yellen Convenes Emergency Financial Stability Meeting On Friday As Banking Crisis Explodes | ZeroHedge

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

www.zerohedge.com

 

[stinkfingerdelux]

This

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[stinkfingerdelux]

Fuckin gif didn't load

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[Learningtopump]

At this point I feel the two parties are just two sides of an operation to grift the treasury, steal what they can and divide the people based on old psychological premises put forward by institutes like Tavistock. I really don't even see the point of voting at this point in our history. Nobody gets into office without the nod from monied interests and by chance if someone is a threat there are leavers to pull to stop them or convert them and use them. I see this right down to county level and even in the school boards. When the true powers can simply print currency there is no limit to corruption and I think we are seeing how the game goes at its climax when the system is about to collapse. In politics cream does not rise to the top, psychopathy does.

It's even worse than that. there are a number of politicians that will vote against a bill that would bring money to their district, and campaign on both the negative vote and the bringing in of the money.

 

[heavyiron]

Not sure if everyone reading this thread realizes this but it's happening in Europe also.

Deutsche Bank shares plummet, fuelling crisis fears - Insider Paper

Shares in Deutsche Bank fell heavily on Friday on the lender's surging cost of default cover, reigniting fears about a widening banking

insiderpaper.com

 

[Learningtopump]

Not sure if everyone reading this thread realizes this but it's happening in Europe also.

Deutsche Bank shares plummet, fuelling crisis fears - Insider Paper

Shares in Deutsche Bank fell heavily on Friday on the lender's surging cost of default cover, reigniting fears about a widening banking

insiderpaper.com

Biden has mean fucking powers, my friend. It literally knows no bounds.