Buckle Up: Silicon Valley Bank Seized by the Fed

[Saltwater60]

First republic stocks are dropping further today and I think it will fail even with the $30 billion offer. Stocks are down and I expect most people to remove their money between today and tomorrow at first republic and it will go insolvent by Monday.

 

[livingston]

STUNNING: Janet Yellen Admits Smaller Regional Midwest Banks Will Not Be Bailed Out – Only Big Banks Deemed Worthy by Biden Regime (VIDEO)​

James Lankford was certainly at his best. This latest policy by the Biden regime spells disaster for smaller banks in the US!

On Thursday, Treasury Secretary Janet Yellen on Thursday testified before the Senate Finance Committee.

During her testimony, Secretary Janet Yellen admitted that smaller regional banks across the country will not be bailed out by the US government. Only larger banks will be bailed out like Silicon Valley Bank and their depositors from China connected to the Chinese Communist Party. You really wouldn’t believe it unless you heard it for yourself.

Senator James Lankford, Republican from Oklahoma, grilled Yellen on who will be bailed out by the federal government and who will not. Lankford pointed out that the Biden-Yellen plan will force Americans to take money out of smaller banks and deposit it in the chosen banks the government has deemed worthwhile of protecting.

STUNNING: Janet Yellen Admits Smaller Regional Midwest Banks Will Not Be Bailed Out - Only Big Banks Deemed Worthy by Biden Regime (VIDEO) | The Gateway Pundit | by Jim Hoft

On Thursday, Treasury Secretary Janet Yellen on Thursday testified before the Senate Finance Committee.

www.thegatewaypundit.com

 

[DoOver]

 

[SomeSoldier]

STUNNING: Janet Yellen Admits Smaller Regional Midwest Banks Will Not Be Bailed Out – Only Big Banks Deemed Worthy by Biden Regime (VIDEO)​

James Lankford was certainly at his best. This latest policy by the Biden regime spells disaster for smaller banks in the US!

On Thursday, Treasury Secretary Janet Yellen on Thursday testified before the Senate Finance Committee.

During her testimony, Secretary Janet Yellen admitted that smaller regional banks across the country will not be bailed out by the US government. Only larger banks will be bailed out like Silicon Valley Bank and their depositors from China connected to the Chinese Communist Party. You really wouldn’t believe it unless you heard it for yourself.

Senator James Lankford, Republican from Oklahoma, grilled Yellen on who will be bailed out by the federal government and who will not. Lankford pointed out that the Biden-Yellen plan will force Americans to take money out of smaller banks and deposit it in the chosen banks the government has deemed worthwhile of protecting.

STUNNING: Janet Yellen Admits Smaller Regional Midwest Banks Will Not Be Bailed Out - Only Big Banks Deemed Worthy by Biden Regime (VIDEO) | The Gateway Pundit | by Jim Hoft

On Thursday, Treasury Secretary Janet Yellen on Thursday testified before the Senate Finance Committee.

www.thegatewaypundit.com

Nice, centralizing the money, so the US government can confiscate said money whenever they see fit. Perfect plan.

 

[prambo]

Morons We Should Know: Janet Yellen

"Watching almost any U.S. policymaker try to explain what they’re doing these days is a surreal experience."

"Nowhere is this more obvious than with money and finance."

"And now, as soaring interest rates destabilize regional banks, we have the spectacle of Treasury Secretary Janet Yellen,..."

Check out the vid in his article...Yellen is completely brain dead.

 

[John Stark]

Morons We Should Know: Janet Yellen

"Watching almost any U.S. policymaker try to explain what they’re doing these days is a surreal experience."

"Nowhere is this more obvious than with money and finance."

"And now, as soaring interest rates destabilize regional banks, we have the spectacle of Treasury Secretary Janet Yellen,..."

Check out the vid in his article...Yellen is completely brain dead.

I've always wondered how an escapee from a Harry Potter movie could become the Secretary of the US Treasury.

Then I smack myself in the forehead to remind myself to stop trying to make any sense out of what the FUSA has become.

I do wish that the video didn't end before she flew off cackling on her broom for the next Quidditch tournament. I love that part!

 

[DoOver]

 

[DoOver]

Golly now youse tell me??










Wall Street Silver

@WallStreetSilv
·
7m

Wells Fargo new online agreement... Someone is worried

 

[Saltwater60]

Golly now youse tell me??





Wall Street Silver
@WallStreetSilv
·
7m

Wells Fargo new online agreement... Someone is worried

Really? It’s an investment and none are FDIC insured.

 

[DoOver]

Really? It’s an investment and none are FDIC insured.

Knote to da management : We The Pepe really, really, kneed a "sarcastic" button type emogii!!

 

[Drinkthekoolaid]

I've never been a precious metals guy but Me thinks I need to diversify more and get some small usable gold and silver. At least it's something tangible with value I can hold in my hand that people want.

My wife's friend is recently an unexpected widow, she's selling some $5 American eagle gold bullion coins I think they are 1/10 oz. I need to research more but Im really losing confidence in where this is going and what things will look like in 2 months, 2 years and 2 decades. This is going to shit one way or the other. It will either be higher inflation or higher interest rates and 1 will lead to the other anyway.

 

[tirwin1]

I've never been a precious metals guy but Me thinks I need to diversify more and get some small usable gold and silver. At least it's something tangible with value I can hold in my hand that people want.

My wife's friend is recently an unexpected widow, she's selling some $5 American eagle gold bullion coins I think they are 1/10 oz. I need to research more but Im really losing confidence in where this is going and what things will look like in 2 months, 2 years and 2 decades. This is going to shit one way or the other. It will either be higher inflation or higher interest rates and 1 will lead to the other anyway.

I have a few 1/10th ounce coins. If we really enter a SHTF inflationary scenario and the price of gold surges I think they will be more practical than a 1 ounce coin.

 

[tirwin1]

 

[tirwin1]

 

[tirwin1]

 

[Drinkthekoolaid]

I have a few 1/10th ounce coins. If we really enter a SHTF inflationary scenario and the price of gold surges I think they will be more practical than a 1 ounce coin.

Agree and that's why I'm considering it. IMO it's not practical to try and use large monetary value coins for purchasing things or bartering

 

[prambo]

Agree and that's why I'm considering it. IMO it's not practical to try and use large monetary value coins for purchasing things or bartering

There are a number of options, both inexpensive and expensive.

With silver, I usually go with silver shot (or grain) since it is non-uniform and, thus, if a precious metals economy does start you don't need to be chopping up coins or larger weight silver bars (I only get these in 1 or 2 oz weights).

Silver shot...




Gold is a different proposition because it's "per Troy ounce" price is higher.

APMEX sells "gold grain", but, unfortunately only 1 oz vials...almost $2K each.

Gold grain...




There are companies that sell VERY small gold bars - measured in grains, just like gunpowder...from 1/4 grain to 2 grams.

Benchmark Strategic Metals

I can't afford huge amounts at one time because I don't have that much $$$ all at once.

Tend to buy 1 or 2 gram "mini-bars", usually Valcambi - these can also be bought in "combi-bars", which are a bunch of 1 gram bars in a sheet that can be individually broken off. Some eBay sellers will buy a large sheet and sell the individual 1 gram bars at a profit. eBay is a good place to get these, but compare prices at other outlets like APMEX, etc.

 

[prambo]

Why It is Critical to Use Cash! (And Crypto, Gold/Goldbacks, Silver, and Even Nickels!)

"With banks starting to fail, there are some easy and specific things you can do to strengthen your local community’s ability to survive a banking collapse or dollar devaluation."

 

[prambo]

A Mile-High House of Cards… 3 Ways to Protect Yourself Before Your Bank Collapses

"...most people put more thought into the shoes they purchase than the bank they entrust with their life savings.

However, the banking system is a mile-high house of cards that could collapse anytime.

Here are three reasons why."

 

[spat]

There are a number of options, both inexpensive and expensive.

With silver, I usually go with silver shot (or grain) since it is non-uniform and, thus, if a precious metals economy does start you don't need to be chopping up coins or larger weight silver bars (I only get these in 1 or 2 oz weights).

Silver shot...

View attachment 193962


Gold is a different proposition because it's "per Troy ounce" price is higher.

APMEX sells "gold grain", but, unfortunately only 1 oz vials...almost $2K each.

Gold grain...

View attachment 193964


There are companies that sell VERY small gold bars - measured in grains, just like gunpowder...from 1/4 grain to 2 grams.

Benchmark Strategic Metals

I can't afford huge amounts at one time because I don't have that much $$$ all at once.

Tend to buy 1 or 2 gram "mini-bars", usually Valcambi - these can also be bought in "combi-bars", which are a bunch of 1 gram bars in a sheet that can be individually broken off. Some eBay sellers will buy a large sheet and sell the individual 1 gram bars at a profit. eBay is a good place to get these, but compare prices at other outlets like APMEX, etc.

View attachment 193967

Would you want to accept "silver" or "gold" shot as payment ?

What % of silver or gold do you think it would really be ?

Good luck convincing the vendor that your stuff really is 99% pure when everyone else is passing 20%.

After a couple years of continuous exchange how much of *yours* would you trust is 99% ?

Plan on doing a chemical assay for every purchase?


Gold and silver are great stores of value, but it only makes sense to acquire and dispose if them in large increments due to the effort required to authenticate it.

So better with the 1oz coin, and exchange that for something else with value for smaller transactions.

 

[Dr. Evil]

WEF Pushes for 'End of Cash' amid Banking Crisis - Slay News

The World Economic Forum (WEF) is hailing the opportunity presented by the global banking crisis to advance its goal of a "cashless society."

slaynews.com

Wag the dog.

 

[JaguarJaguarGolf]

I think American and Canadian gold and silver coins are more recognisable and therefore more readily accepted for trade/barter exchange than bullion.

I think use of gold and silver in transactions would be very limited in any brave new world. If people find out you have gold and silver they will murder you for it.

A distant acquaintance was murdered for his silver coin collection that people found out about by him talking about it in a bar to a friend. This was in good times.

I think gold or silver will be used if you need surgery, medicine, or ransom. You will only have to move it once, but be on guard. The guy who wrote the book about the collapse in Argentina said for going grocery shopping it was one or two vehicles with a team of armed guys for security and two grown women to do the shopping

 

[SomeSoldier]

I think American and Canadian gold and silver coins are more recognisable and therefore more readily accepted for trade/barter exchange than bullion.

I think use of gold and silver in transactions would be very limited in any brave new world. If people find out you have gold and silver they will murder you for it.

A distant acquaintance was murdered for his silver coin collection that people found out about by him talking about it in a bar to a friend. This was in good times.

I think gold or silver will be used if you need surgery, medicine, or ransom. You will only have to move it once, but be on guard. The guy who wrote the book about the collapse in Argentina said for going grocery shopping it was one or two vehicles with a team of armed guys for security and two grown women to do the shopping

Look up goldbacks. I think those would be easily accepted.

 

[Saltwater60]

There are a number of options, both inexpensive and expensive.

With silver, I usually go with silver shot (or grain) since it is non-uniform and, thus, if a precious metals economy does start you don't need to be chopping up coins or larger weight silver bars (I only get these in 1 or 2 oz weights).

Silver shot...

View attachment 193962


Gold is a different proposition because it's "per Troy ounce" price is higher.

APMEX sells "gold grain", but, unfortunately only 1 oz vials...almost $2K each.

Gold grain...

View attachment 193964


There are companies that sell VERY small gold bars - measured in grains, just like gunpowder...from 1/4 grain to 2 grams.

Benchmark Strategic Metals

I can't afford huge amounts at one time because I don't have that much $$$ all at once.

Tend to buy 1 or 2 gram "mini-bars", usually Valcambi - these can also be bought in "combi-bars", which are a bunch of 1 gram bars in a sheet that can be individually broken off. Some eBay sellers will buy a large sheet and sell the individual 1 gram bars at a profit. eBay is a good place to get these, but compare prices at other outlets like APMEX, etc.

View attachment 193967

Price over spot on these products is insane. I looked at some a while back but wow.

 

[livingston]

 

[Acer-m14]

 

[prambo]

Would you want to accept "silver" or "gold" shot as payment ?

What % of silver or gold do you think it would really be ?

Good luck convincing the vendor that your stuff really is 99% pure when everyone else is passing 20%.

After a couple years of continuous exchange how much of *yours* would you trust is 99% ?

Plan on doing a chemical assay for every purchase?


Gold and silver are great stores of value, but it only makes sense to acquire and dispose if them in large increments due to the effort required to authenticate it.

So better with the 1oz coin, and exchange that for something else with value for smaller transactions.

Have you ever gone to a place that advertises "We Buy Gold & Silver"?

They have methods of telling.

I went to sell my wedding ring from my 2nd marriage. It was 22K gold and was hand made in Nairobi by Muslim jewelers.

In Africa anything less than 20K is sneered at as junk.

It took the guy in the shop 2 minutes to confirm it was 22K, which is about 92% pure gold. he gave me a fair price that reflected the purity.

One can roll over the "in and outs" and "ups and downs" of using physical gold and silver as a medium of exchange in a SHTF scenario until your ears bleed - and you'll never reach any conclusion.

When fiat money goes down the porcelain facility, and the fUSA $$ is definitely approaching Monopoly money status, there are only a few other things that can be used.

Direct barter - your eggs for his female rabbit, for example - is the only thing that comes to mind that is relatively free of fraud - although I can see someone flogging a burned out female rabbit who can't conceive anymore.

Then there's ammo - we've all heard that 22lr is like $$$ in the bank (which isn't all that safe anymore).

In the larger sense, 22lr or any other rimfire, might be the least open to fakery.

Centerfire ammo? That can be faked, or debased, in any number of ways if one has a modicum of reloading experience.

At the end, in a total "grid down" or SHTF scenario, people will use what they trust.

If we end up being some monster fascist globalist state (IMHO, the real endpoint) it won't matter anyway.

 

[JaguarJaguarGolf]

I buy, and have been buying gold and silver coins as Christmas stocking stuffers or birthday presents for my children, their spouses, and my grandchildren. I know I pay a big mark-up, but I'm not laying it all on the line with my purchases. It doesn't hurt for me to buy them.I hope they never need them for a bad situation.

I didn't know it but my older brother, a bachelor, had been doing the same thing for all his nieces and nephews. They got them when his estate was settled.

 

[DoOver]

Wall Street Silver

@WallStreetSilv


For all of the various reasons that have led us to this lethal juncture, central banks are now doing now the EXACT opposite of what they did in 2008. They are tightening into a burgeoning credit crisis. Which means we have entered the most lethal financial crisis since 1930 Ht Zen Second Life

 

[prambo]

I buy, and have been buying gold and silver coins as Christmas stocking stuffers or birthday presents for my children, their spouses, and my grandchildren. I know I pay a big mark-up, but I'm not laying it all on the line with my purchases. It doesn't hurt for me to buy them.I hope they never need them for a bad situation.

I didn't know it but my older brother, a bachelor, had been doing the same thing for all his nieces and nephews. They got them when his estate was settled.

Very prudent.

In West Africa, parts of which were called the "Gold Coast", women with any wherewithal, will buy gold, especially earrings, as a "repository of wealth", as it were.

The earrings in the pic below are worn by Fulani women and are pure gold.



They are not unusual in West Africa.

This is also the case in many areas of India...below is Indian wedding jewelry - not all of it may be owned by the bride, but quite a lot.




And this is not unusual. The year I got back from Kenya I worked with an Indian women from Hyderabad (a Muslim) and she went back to India to get married - an arranged marriage.

She bailed a few days after the wedding because the groom was a nut job - the pics of her on her wedding day were amazing - was literrally wearing thousands of $$$ in pure gold jewelry.

I had a lot of Hindu, Sikh and Muslim (Sunni and Shia) friends in Nairobi - the women wore a small amount of jewelery daily - all 24K gold. When we went out to restaurants or parties, then they really got dolled up.

In those cultures, a women's gold jewelry is hers and hers alone, and is a hedge against economic problems, regardless of the cause.