Buckle Up: Silicon Valley Bank Seized by the Fed

spat

spat

.700 Nitro Express
Messages
27,460
Reaction score
57,618
Location
Formerly Geneseo, NY. Now free in AZ
John Stark said:
If by "crisis" you mean "bankrupt beyond repair," I'm not sure what remedies there are at this point, for the "average American" or for the nation. A banking/financial collapse after 3-4 years of Operation Wuflu societal and financial ruin probably gets us a lot closer to a Venezuela type of fallout. Great Depression Redux at least.

They created a monster that has gotten too big and mean to be controlled ("to big too fail"), and now it is eating the royality and nobility rather than just the peasants.

Unless of course, our heroes in the Federal Reserve and the Treasury come up with some novel accounting tricks, just like the government came up with a novel coronavirus... and a vax that not only does not stop the spread of the "contagion," but actually harms those its supposed to protect.

If that's the case, you can bet the cure is going to be worse than the disease.

"We must kill the patient to save him."

That is what has been done. They have destroyed free markets, and have replaced it with fiat money that is worthless. The banksters and the government have conspired since 1913 to replace our Constitutional order with an oligarchic plutocracy.

My view is that "Average Americans" can only find shelter right now in hard assets. Precious metals, tools, food, fuel, weapons and ammo, booze, and other, tangible forms of wealth that can't be printed by holding a finger down on the zero key in some Federal Reserve office. Such shelter will be probably short lived in terms of wealth security once the takeover is complete. Buy stuff while our "money" still has buying power.

The banks have already been nationalized. And so has our money (which is not wealth).

Right now its "bail in" time for the suckers, and "bail out" time for the banksters, which means "average Americans" are going to bleed.

Digital money completely controlled by the governments of the world is the end game, and there are going to be no other options.

Now, about those trillions and trillions of dollars in retirement accounts....

Someone ALWAYS has to take a haircut.
Click to expand...
Fiat money is always a game of musical chairs.

Just because the music has been playing for 100 years doesn't mean it won't stop tomorrow.

Every financial instrument on earth has the "past performance is no guarantee...." disclaimer, yet people *still* insist that long term the market will always grow.

Yes, it will always grow, up until it ceases to exist.

I'm sure investors in the Russian stock market of 1900 assumed they could ride out a downturn too.
 
Drinkthekoolaid

Drinkthekoolaid

.475 A&M Magnum
U.S. Military
Messages
15,513
Reaction score
27,314
Location
Unfortunately, NY
The president of Kenya told his citizens to dump their American $

www.capitalfm.co.ke

President Ruto says dollar demand will ease in 'a couple of weeks'

NAIROBI, Kenya, Mar 22 - President William Ruto expects dollar demand in the country to ease as the government plans to import fuel in Kenya shillings. Kenya breaking news | Kenya news today |
www.capitalfm.co.ke www.capitalfm.co.ke

"“I am giving you free advice that those of you who are hoarding dollars you shortly might go to losses you better do what you must do because this market is going to be different in a couple of weeks,” he added"
 
DoOver

DoOver

.450/400 Nitro Ex
Messages
11,922
Reaction score
28,772
Location
Catskill Mountains Of New York
DoOver said:

Rep. Lauren Boebert
@RepBoebert
·
14m

Silicon Valley Bank was in bed with the CCP. Joe Biden's financial ties to China keep paying off the CCP at the expense of the American people. I am DEMANDING answers for this unbelievable corruption.
Quote Tweet






-amjfclv_mini.jpg


Rich McCormick

@RepMcCormick
·
Mar 25
While the Biden administration once again tries to distract and manipulate the American people they are funneling billions to the CCP…I am leading the charge to demand answers and bring accountability. House Republicans demand Biden answer on Chinese ties to collapsed Silicon Valley Bank
Click to expand...
 
Saltwater60

Saltwater60

.950 JDJ
Messages
33,131
Reaction score
37,270
Location
Western NY
Drinkthekoolaid said:
I found a fun new fund on my trading site to bet against banks on. -$FAZ, i will buy a few shares and see what happens

Ok I pulled the trigger and bought 4 shares lol. I'm now betting against the banks.


View attachment 194560
Click to expand...
Too bad there wasn’t one to bet against the democrats making the economy fail. I’ll bet it’s too much of a sure thing and they’d lose their ass in pay outs.
 
John Stark

John Stark

.44 mag
Messages
940
Reaction score
2,746
Location
IAM
Defilade said:
USA is dead. 30 trillion+ in debt. But somehow we are the richest Country in the world. :ROFL:
Click to expand...
$30 trillion is only the tip of the debt iceberg. Unfunded liabilities at the federal, state, county, and local level run into hundreds of trillions, and just about all of it is money that has to be borrowed or printed to keep the ponzi schemes going.
 
spat

spat

.700 Nitro Express
Messages
27,460
Reaction score
57,618
Location
Formerly Geneseo, NY. Now free in AZ
Saltwater60 said:
We’re actually number 8 if you go GDP/capita Just because we’re big and have a lot of people shouldn’t give us a leg up and we should play by a level playing field.

Richest Countries in the World 2024

worldpopulationreview.com worldpopulationreview.com
Click to expand...
People often use a per capita when the absolute figure is appropriate and vice versa.

When it comes to richest *country*, then you want the absolute figure.

The per capita tells you who has the richest citizens. The absolute tells you who has the most power in a trade war.

Luxembourg has nearly double the GDP per capita that we do, but nobody is worried about getting into a trade war with Luxembourg.
 
F

fresch

.338 Win Mag
Messages
7,358
Reaction score
9,613
Location
Syracuse
Stop,
What will happen is all the "good" countries will get together and implement digital telling us we have all our money.
Then they will squeeze until, you own nothing and will be happy to move into a concentration camp; where you will be eating billgates bugs and fake food.
The population will decrease due to "riots", starvation, etc, and people from shit hole countries will be the slave labor for the " good guys" .
It is a win, win, win, just not for us normal people across the world.
Stock up on seeds, gun parts, ammo and ammo parts, new tractor or mule?.
 
Drinkthekoolaid

Drinkthekoolaid

.475 A&M Magnum
U.S. Military
Messages
15,513
Reaction score
27,314
Location
Unfortunately, NY
Defilade said:
Click to expand...


I just posted this in the BRICS vs west thread.

Also, on top of it Saudi will now accept Kenyan shillings to buy oil. Seriously. Let that sink in.


Normies have no idea what that implies and means.

An absolute disaster. The USD is being replaced before our eyes as the global reserve currency. All that fake money printed out of thin air to buy votes and finance wars is going to suddenly matter.
 
You must log in or register to reply here.
Top