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Author Topic: Another Massive US Bank Failure  (Read 1710 times)

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Offline SeanJohnson

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Another Massive US Bank Failure
« on: May 01, 2023, 06:23:14 AM »
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    Rom 5: 20 - "But where sin increased, grace abounded all the more."

    Offline SeanJohnson

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    Re: Another Massive US Bank Failure
    « Reply #1 on: May 01, 2023, 08:38:45 AM »
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    • Metal prices following suit, despite heavy downward manipulation.
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    Offline Yeti

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    Re: Another Massive US Bank Failure
    « Reply #2 on: May 01, 2023, 09:12:22 AM »
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    • Interesting. The article definitely describes this as a bank run. It says a lot of the customers in First Republic were rich people whose deposits were above the FDIC limit, and they looked at the failure of Silicon Valley Bank and decided to pull their money out of First Republic and put it somewhere safer.

    This massive withdrawal from First Republic caused it to collapse.

    I wonder what other banks this is going to happen to? Definitely looks like a domino effect.
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    Offline Ladislaus

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    Re: Another Massive US Bank Failure
    « Reply #3 on: May 01, 2023, 09:50:44 AM »
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    • Yes, this happened quiety on Friday with full mainstream media blackout.  With the assets of First Republic, the asset value of failed banks during this latest round eclipses the total 2008 failures.  First Republic failed despite the injeciton of $30 billion from other banks.

    Why did those other banks inject the money?  Out of altruism?  No, the 10 banks that contributed most to the $30 billion attempt to save FR are also listed as the top 10 banks exposed to derivatives.  They're worried about it spreading to them.

    This thing is going to go down hard.
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    Offline SeanJohnson

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    Re: Another Massive US Bank Failure
    « Reply #4 on: May 01, 2023, 10:14:20 AM »
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    • LMAO:

    Metals are now in the negative (as though nobody would want to get out of dollars during a major banking crisis, but would instead flee the safe harbor of physical metals).

    The whole thing is rigged.
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    Offline OABrownson1876

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    Re: Another Massive US Bank Failure
    « Reply #5 on: May 01, 2023, 10:33:41 AM »
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    • The German "dollar" collapsed in 1924, and our dollar might collapse around the same time.  My fear is that once the US dollar collapses people will go to the internet, Chat GPT, and ask the question, "What do I do, the dollar is worthless?"  
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    Offline Gloria Tibi Domine

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    Re: Another Massive US Bank Failure
    « Reply #6 on: May 01, 2023, 10:40:04 AM »
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    • Major bank failure announced on May Day.  Just another coincidence.
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    Offline dxcat40

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    Re: Another Massive US Bank Failure
    « Reply #7 on: May 01, 2023, 02:27:12 PM »
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    • Quote from: OABrownson1876 on May 01, 2023, 10:33:41 AM
    The German "dollar" collapsed in 1924, and our dollar might collapse around the same time.  My fear is that once the US dollar collapses people will go to the internet, Chat GPT, and ask the question, "What do I do, the dollar is worthless?" 
    If the US dollar collapses, the rest of the world follows. A lot of this is Alt-Media doom wishing and has nothing to do with reality. They've already been preparing the future currency system and these "bank failures" are part of the consolidation effort. You can stop dreaming about Weimar and start dreaming about the digital gulag, because that future is already here and being actively implemented. Endless transformation/transition is the path to world governance with the alt-medians finding themselves in a digital cell and not anything resembling Mad Max.
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    Offline SeanJohnson

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    Re: Another Massive US Bank Failure
    « Reply #8 on: May 01, 2023, 02:54:55 PM »
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    • Quote from: dxcat40 on May 01, 2023, 02:27:12 PM
    If the US dollar collapses, the rest of the world follows. A lot of this is Alt-Media doom wishing and has nothing to do with reality. They've already been preparing the future currency system and these "bank failures" are part of the consolidation effort. You can stop dreaming about Weimar and start dreaming about the digital gulag, because that future is already here and being actively implemented. Endless transformation/transition is the path to world governance with the alt-medians finding themselves in a digital cell and not anything resembling Mad Max.

    Some major economies have already fully or partially divested from the US Dollar: Russsia, China, Saudi Arabia, Iran, et al. have all been working at dollar independence, with varying degrees of success.

    The gulags will be for those of us still wedded to the dollar.

    Its here that precious metals will be king for us inmates: Parallel economy with parallel currency.
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    Offline dxcat40

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    Re: Another Massive US Bank Failure
    « Reply #9 on: May 01, 2023, 03:55:31 PM »
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    • Quote from: SeanJohnson on May 01, 2023, 02:54:55 PM
    ... with varying degrees of success.
    Lol. What success? They still must deal with the dollar. There just aren't enough rubles, yuan/renminbi or rupees to go around for any serious attempt to replace the dollar. There is no path for them to succeed without the next big war and/or the dissolution of NATO.

    Quote from: SeanJohnson on May 01, 2023, 02:54:55 PM
    The gulags will be for those of us still wedded to the dollar.
    Disagreed. You will end up in the gulag whether or not you like it. It's not even necessary for them to send anyone directly to your house to accomplish it.

    Quote from: SeanJohnson on May 01, 2023, 02:54:55 PM
    Its here that precious metals will be king for us inmates: Parallel economy with parallel currency.
    The younger generations see precious metals as an archaism and the smaller players have been increasingly forced to divest, so there isn't much of a "parallel currency" in operation. More likely you will be forced to barter in alcohol or bullets, not gold and silver. A better opinion for your consideration is that precious metals are a store of value, but that's as far as they go. You would be better off with tangible goods with the people we have to deal with now.
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    Offline TheRealMcCoy

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    Re: Another Massive US Bank Failure
    « Reply #10 on: May 01, 2023, 04:12:47 PM »
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    • When the dollar collapses and we have hyperinflation your fixed rate debts will decrease.  That's a huge benefit.
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    Online MiracleOfTheSun

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    Re: Another Massive US Bank Failure
    « Reply #11 on: May 01, 2023, 04:42:53 PM »
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    • Oil futures trying to figure out if it's going to bounce off of or crack through support.  Might be time for some longer term Calls or Puts on the big boy oil stocks.

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    Offline Ladislaus

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    Re: Another Massive US Bank Failure
    « Reply #12 on: May 01, 2023, 05:10:13 PM »
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    • Quote from: dxcat40 on May 01, 2023, 03:55:31 PM
    Lol. What success? They still must deal with the dollar. There just aren't enough rubles, yuan/renminbi or rupees to go around for any serious attempt to replace the dollar. There is no path for them to succeed without the next big war and/or the dissolution of NATO.

    Pffft.  They have plenty to conduct trade amongst themselves, and if they need a different reserve currency, they'll designate one or print some more.  They don't need the practically-worthless US dollar.  There's a game of musical chairs being played and when the music stops, the US will be stuck without a chair.  Just a matter of time.
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    Offline Ladislaus

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    Re: Another Massive US Bank Failure
    « Reply #13 on: May 01, 2023, 05:11:45 PM »
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    • Quote from: TheRealMcCoy on May 01, 2023, 04:12:47 PM
    When the dollar collapses and we have hyperinflation your fixed rate debts will decrease.  That's a huge benefit.

    Ha, the Jєωs will just "revalue" the debt.  They'll never be caught off guard.  That would be a nice fantasy though, to pay of fmy home on a day's worth of wages.  But the Jєω won't let it happen.
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    Offline dxcat40

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    Re: Another Massive US Bank Failure
    « Reply #14 on: May 01, 2023, 05:37:52 PM »
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    • Quote from: Ladislaus on May 01, 2023, 05:10:13 PM
    ... They have plenty to conduct trade amongst themselves, and if they need a different reserve currency, they'll designate one or print some more.  They don't need the practically-worthless US dollar.  There's a game of musical chairs being played and when the music stops, the US will be stuck without a chair.  Just a matter of time.
    The alt-media makes these claims repeatedly and it never turns out to be true. I think we can safely disregard the same failed prediction. The U.S. dollar is still far from worthless.
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