Catholic Info
Traditional Catholic Faith => The Catholic Bunker => Topic started by: SeanJohnson on May 01, 2023, 06:23:14 AM
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https://apnews.com/article/first-republic-bank-silicon-valley-fdic-5ab48702b7136d42f73ac13e0a20955d
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Metal prices following suit, despite heavy downward manipulation.
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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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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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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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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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Major bank failure announced on May Day. Just another coincidence.
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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?"
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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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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... 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.
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.
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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When the dollar collapses and we have hyperinflation your fixed rate debts will decrease. That's a huge benefit.
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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.
(https://i.imgur.com/vizYz33.png)
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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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When the dollar collapses and we have hyperinflation your fixed rate debts will decrease. That's a huge benefit.
Ha, the Jews 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 Jew won't let it happen.
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... 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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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.
It's absolutely true that the US Dollar is worthless. US is over $30 trillion in debt with over $150 trillion in unfunded liabilities. Those numbers were not made up out of thin air by the "alt media". If the Chinese were to un-peg their currency from the Dollar, it would be over for it. They're only floating it while the US is of benefit to them for exports. US debt is backed only by a promise to repay.
Good luck with that ...
https://www.usdebtclock.org/
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The U.S. dollar is still far from worthless.
In a world full of fiat currencies, the dollar is the prettiest mud-covered pig.
Once the BRIICS nations, led by China/Russia, stop using the dollar and switch to a commodities-backed currency, the prices of imports into the US will triple overnight. Because we don't produce anything. And our dollar isn't based on anything. And many across the globe will dump the dollar which will cause all kinds of economic problems here. It's just a matter of time. And when it happens, it will happen very quickly.
Then, after a time of misery, the Fed will issue a digital currency as a "savior" to solve the problems of skyrocketing inflation on necessities (i.e. food, gas) and massive devaluations on assets (i.e. stocks, bonds, houses, cars). I think they call it stagflation. It will be 1929 on steroids.
But the US has no way (in the short term) to fix the problem. The BRIICS nations do; they produce things; they have a healthy economy. The US will fall to a 3rd world country overnight. The 1996 gutting of our manufacturing, farming and industrial base under Bill Clinton will finally come back to haunt us. Ross Perot was right all along (and many others).
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It's absolutely true that the US Dollar is worthless. US is over $30 trillion in debt with over $150 trillion in unfunded liabilities. Those numbers were not made up out of thin air by the "alt media". If the Chinese were to un-peg their currency from the Dollar, it would be over for it. They're only floating it while the US is of benefit to them for exports. US debt is backed only by a promise to repay.
Good luck with that ...
https://www.usdebtclock.org/
You need to update your information. The US has bought up more of its own debt than anyone else, both directly and with American investors through the massive inflation of the past four years in particular. China isn't even #1 when it comes to foreign debt holders (see Japan). You repeat this tired old line because it comes out of the alt-media, rather than useful information from the present. Even if the US were to somehow default in an organic fashion, China would be worse hit.
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In a world full of fiat currencies, the dollar is the prettiest mud-covered pig.
One correct statement.
Once the BRIICS nations, led by China/Russia, stop using the dollar and switch to a commodities-backed currency, the prices of imports into the US will triple overnight. Because we don't produce anything. And our dollar isn't based on anything. And many across the globe will dump the dollar which will cause all kinds of economic problems here. It's just a matter of time. And when it happens, it will happen very quickly.
False. The Russian invasion of Ukraine and Chinese aggression towards Taiwan has encouraged businesses to re-invest away from China and back into the West. It hasn't completely divested China, but the speed at which companies have been able to pivot has not gone unnoticed (except in the alt-media). China has more to lose, because businesses can't trust China not to seize all of their assets or throw their people into prison.
The dollar is based on force and American promises. As long as NATO survives, the dollar survives.
Then, after a time of misery, the Fed will issue a digital currency as a "savior" to solve the problems of skyrocketing inflation on necessities (i.e. food, gas) and massive devaluations on assets (i.e. stocks, bonds, houses, cars). I think they call it stagflation. It will be 1929 on steroids.
Probably true. At the very least, debt will likely become unmanageable for the individual and the digital currency will be offered, but with "requirements" in order to join the new order.
But the US has no way (in the short term) to fix the problem. The BRIICS nations do; they produce things; they have a healthy economy. The US will fall to a 3rd world country overnight. The 1996 gutting of our manufacturing, farming and industrial base under Bill Clinton will finally come back to haunt us. Ross Perot was right all along (and many others).
A lot of outdated information here, but the bolded statement is as funny as it is inaccurate. Alt-media is bad for your brain. Russia and China are both houses of cards (stolen from different decks) rife with corruption and inefficiencies. That you think they are anything but shows your braindead partisanship. I encourage you to remove yourself from alt-media and learn about the real world for a change.
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One correct statement.
No, it's an incorrect statement. There's absolutely nothing pretty about the dollar, which is backed by 30 trillion dollars of debt and over 100 trillion in unfunded liabilities. It's garbage, and everyone knows it's garbage ... which is why they're working as we speak to get off the dollar. Countries were stuck with it only because of the petro trade, but that's on the way out.
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You need to update your information. The US has bought up more of its own debt than anyone else, both directly and with American investors through the massive inflation of the past four years in particular. China isn't even #1 when it comes to foreign debt holders (see Japan). You repeat this tired old line because it comes out of the alt-media, rather than useful information from the present. Even if the US were to somehow default in an organic fashion, China would be worse hit.
I wasn't talking about who holds the debt. Only reason inflation isn't at 50% is because Americans can still get Chinese garbage cheap.
Stop it with the moronic "alt media" nonsense already.
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Dxcat, I'm not sure where you are getting your info, but the fact remains that America is a HUGE importer. And compared to BRIICS nations, we are dependent on them for food, gas, and walmart stuff. Could the US turn back into a manufacturing country? Absolutely, but it wouldn't happen overnight. We are still rich in resources and workers. But, at the present, we don't even grow most of our own food.
So, when we talk about economic disaster, and a when we talk about how China/Russia have been stockpiling gold for decades, when it comes time for ALL of the global fiat currencies to crash, the dollar will lose more relative value than others because the BRIICS nations will back their currency by gold/oil and the US dollar's backing will be...what? Corn, soybeans, and computer chips? Instead of a US-dominated economy, it will turn into a bi-polar economy - West vs East. US/Europe vs BRIICS. But the US/West import more than they export (as of now) so they will be hurt more (in the short term) by this change.
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So 3 more banks, dropping about 25% in value, had trading halted ...
https://twitter.com/KobeissiLetter/status/1653404208731676672
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So 3 more banks, dropping about 25% in value, had trading halted ...
https://twitter.com/KobeissiLetter/status/1653404208731676672
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Oh wow. Halted at 25% down? Is that a lot? That doesn't seem like all that much.
But it does look like the bank disease is becoming contagious.
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35% now (as of an hour ago).
:popcorn:
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Update: 190 new banks in danger of failing
https://www.usatoday.com/story/money/personalfinance/real-estate/2023/03/19/svb-collapse-new-banks-could-fail/11504269002/
Close to 190 banks could face Silicon Valley Bank's fate, according to a new study
(https://www.gannett-cdn.com/presto/2019/08/29/PWES/5c70d19d-b0f6-4a30-9b78-0896300dd7bd-Venugopal_Swapna_2019_02.JPG?crop=4118,4118,x0,y0&width=48&height=48&format=pjpg&auto=webp)Swapna Venugopal Ramaswamy (https://www.usatoday.com/staff/4388284002/swapna-venugopal-ramaswamy/)
USA TODAY
On the heels of Silicon Valley Bank’s collapse earlier this month, 186 more banks are at risk of failure even if only half of their depositors decide to withdraw their funds, a new study (https://papers.ssrn.com/sol3/papers.cfm?abstract_id=4387676) has found.
That is because the Federal Reserve’s aggressive interest rate hikes (https://www.usatoday.com/story/money/economy/2023/03/22/fed-meeting-rate-hike-live-updates/11509144002/) to tamp down inflation have eroded the value of bank assets such as government bonds and mortgage-backed securities.
“The recent declines in bank asset values very significantly increased the fragility of the U.S. banking system to uninsured depositor runs,” economists wrote in a recent paper published on the Social Science Research Network.
Live updates on the Fed::March Fed interest rate decision due today amid SVB collapse (https://www.usatoday.com/story/money/economy/2023/03/22/fed-meeting-rate-hike-live-updates/11509144002/)
SVB:Silicon Valley Bank collapse explained in graphics (https://www.usatoday.com/story/graphics/2023/03/13/graphics-bank-collapse-silicon-valley/11466073002/)
Learn more: Best current CD rates (https://www.usatoday.com/money/blueprint/banking/cds/best-cd-rates/)
GRAPHICS:Ripple effect: How Silicon Valley Bank collapse is affecting other US banks (https://www.usatoday.com/story/graphics/2023/03/13/silicon-valley-bank-ripple-effect-banks/11463159002/)
A run on these banks could pose potential risk to even insured depositors — those with $250,000 or less in the bank — as the FDIC’s deposit insurance fund starts incurring losses, the economists wrote.
(https://www.gannett-cdn.com/presto/2023/03/19/USAT/6a2430f7-2020-4366-8557-a2bde8befb71-AP_Bank_Collapse_Startups_of_Color.jpg?width=660&height=441&fit=crop&format=pjpg&auto=webp)
Of course, this scenario will only play out of if the government does nothing.
“So, our calculations suggest these banks are certainly at a potential risk of a run, absent other government intervention or recapitalization,” the economists wrote.
How did Silicon Valley Bank collapse?
In the case of the Santa Clara-based Silicon Valley Bank, which held most of its assets in U.S. government bonds, the market value of its bonds went down when interest rates started going up.
That’s because most bonds pay a fixed interest rate that becomes more attractive if interest rates fall, driving up demand and the price of the bond.
However, when interest rates rise, the lower fixed interest rate paid by a bond is no longer attractive to investors.
The timing coincided with the financial difficulties many of the banks’ customers – largely tech start-ups – were dealing with, forcing them to withdraw their deposits.
In addition, Silicon Valley Bank had a disproportional share of uninsured funding, with only 1% of banks having higher uninsured leverage, the paper notes. "Combined, losses and uninsured leverage provide incentives for an SVB uninsured depositor run."
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No, it's an incorrect statement.
You should stick to Theology. You have no idea what you are talking about. The US dollar is the world's fiat of choice.
... which is why they're working as we speak to get off the dollar. Countries were stuck with it only because of the petro trade, but that's on the way out.
Countries are eager to get their hands on dollars, including Russia and China. More alt-media nonsense. The "petro dollar" is another myth kept alive in some mainstream but primarily alt-media circles. America has exceeded Saudi Arabia in recent years in oil production, but it wasn't really about that anyway.
I wasn't talking about who holds the debt. Only reason inflation isn't at 50% is because Americans can still get Chinese garbage cheap.
Stop it with the moronic "alt media" nonsense already.
1. It isn't true that inflation is not at 50% because we can still get cheap Chinese garbage. Massive inflation is here already, but no one knows exactly how the Biden trillions are impacting the economy. We can safely analyze it to negatively impact Americans, but the modern economy has much better tools and tricks to hide the problems (for now). We can know the Chinese aren't saving us because of the supply chain disruptions that are forcing/encourage more localized and Mexican production. But you wouldn't know about that, would you?
2. When the morons drop the alt-media narratives I would be happy to do so.
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Dxcat, I'm not sure where you are getting your info, but the fact remains that America is a HUGE importer.
The fact is, America's biggest export are dollars. The huge trade disparity is what is necessary to maintain dollar dominance and what Russia, China and the other BRICS nations are unwilling to inflict upon themselves. Rather than a weakness, this is a feature of the corrupt system, and it could have continued indefinitely, but a choice was evidently made in the last few years to transform the system into something else.
So, when we talk about economic disaster, and a when we talk about how China/Russia have been stockpiling gold for decades, when it comes time for ALL of the global fiat currencies to crash, the dollar will lose more relative value than others because the BRIICS nations will back their currency by gold/oil and the US dollar's backing will be...what? Corn, soybeans, and computer chips? Instead of a US-dominated economy, it will turn into a bi-polar economy - West vs East. US/Europe vs BRIICS. But the US/West import more than they export (as of now) so they will be hurt more (in the short term) by this change.
Nonsense. No one is going back to a gold standard or even a silver standard. The world has chosen the dollar. People want their excesses fueled by dollars. If countries chose to abide by a metal standard then the modern way of life couldn't work. Certainly, Russia, China and their allies have no intentions of working hard and living within their means, which can be seen in how corrupt and inefficient their own economies are. The elites of these societies prefer to soak their peoples in taxes, live it up on their yacht fleets and enjoy the high life. This would necessarily disappear to a large degree with sound money.
Basically, more alt-media nonsense which places you firmly in the categories "completely wrong" and "delusional wishful thinking."
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Nonsense. No one is going back to a gold standard or even a silver standard.
Wrong. The IMF is preparing a global digital currency and it will be backed by commodities (including metals).
The world has chosen the dollar.
And that's about to change. The whole point of the BRIICS nations setting up a separate international trading system is to stop using dollars.
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Wrong. The IMF is preparing a global digital currency and it will be backed by commodities (including metals).
Re-read what I wrote above. The world economy would collapse without access to easy credit. Any kind of hard currency would bring the whole system to an end. That's not going to happen before WWIII. What happens after is anyone's guess at this point.
And that's about to change. The whole point of the BRIICS nations setting up a separate international trading system is to stop using dollars.
See my replies above. It could never work the way that the wicked East is supposedly attempting it. You should look into it. Life is hard enough without being an ignoramus, but it's easier than ever to cure with the Internet and a desire to learn.
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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.
As I understand it most people will lose their homes, although I don't quite understand why?
Will most be forced into camps or 15 minute cities?
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Oh wow. Halted at 25% down? Is that a lot? That doesn't seem like all that much.
But it does look like the bank disease is becoming contagious.
25% is a lot for one day, but the thing is it would have been worse had not trading been artificially halted.
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:popcorn: PacWest has been halted 5 times today.
(https://i.ibb.co/yY8NKdh/banks.png)
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As I understand it most people will lose their homes, although I don't quite understand why?
Will most be forced into camps or 15 minute cities?
No, we're just headed for a bad recession. And some people will fall behind and lose their home, especially when houses are overvalued and interest rates are high.
Lots of tech and media layoffs right now. Lots of people that are about to lose a lot of money and lots of banks that are about to go under. It's going to get ugly. Oh, and the U.S. is a month away from a potential sovereign default.
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No, we're just headed for a bad recession. And some people will fall behind and lose their home, especially when houses are overvalued and interest rates are high.
Lots of tech and media layoffs right now. Lots of people that are about to lose a lot of money and lots of banks that are about to go under. It's going to get ugly. Oh, and the U.S. is a month away from a potential sovereign default.
We've been in a bad recession and are headed toward a depression. Not only tech jobs are being eliminated, but manufacturing jobs are taking a huge hit. As people have to pay more for essentials like food, housing, and utilities, they have less money left to buy less-essential goods. They're about to raise interest rates again. This is going to get much worse.
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As I understand it most people will lose their homes, although I don't quite understand why?
Will most be forced into camps or 15 minute cities?
Eventually the plan is to take people's homes, where the government would own them, and we'll own nothing and "be happy", according to Schwab. Of course, this means that they'll be forcing people to provide lodging for illegal immigrants, etc. They've been laying out the roadmap where most people won't have jobs, but will be on some government dole. Of course, this means they can control people. If you don't comply and have a good social credit score, no food for you. How far we are from such things playing out, only God knows (and perhaps the sinister individuals planning it all), but they've publicly laid out their plans.
If there were hyperinflation, you might, for example, need to pay $10,000 for a dozen eggs. Of course, then, people's incomes would have to increase proportionally. What's at issue is debt. So if I know make $500,000 per day, people could pay off their homes in a single day's income. Problem is that the Jews will simply "revalue" the debt, so that a $250,000 mortgage will be revalued to 100 millions dollars (for example).