Bank failures have started

[San Souci]

Oh wow, a bank teller with a title, lol. I'm sure you know the inside baseball on why fags are destroying banks. NOT.

How fucking stupid can you get? Know anything about Banking? A TELLER is a clerk. Period. A Loan Officer is 8 Paygrades above Teller. All a teller needs to know is how to count and basic clerical skills. A Loan Officer knows ALL Bank proceedures including Federal Banking Regs from A to Z. What are you ? A Fag lover? People who hire for Diversity will always fail.

 

[Ringo]

Today, financial capitalism is robbing the future, living on debt. Debt financial capitalism is like riding a bicycle. You have to constantly pedal ("print" debt) - otherwise you fall right off.
The thing is, fincap today requires a constant acceleration of debt pedaling, which is why a third of all debt has been issued in the last 10 years.

 

[multivita-man]

How fucking stupid can you get? Know anything about Banking? A TELLER is a clerk. Period. A Loan Officer is 8 Paygrades above Teller. All a teller needs to know is how to count and basic clerical skills. A Loan Officer knows ALL Bank proceedures including Federal Banking Regs from A to Z. What are you ? A Fag lover? People who hire for Diversity will always fail.

Triggered, lol.

Sorry, but your title does not impress me. You offer a title but absolutely no evidence that you understand the dynamics behind the failure of SVB or any other bank.

Some good insults, though. I'll give you that, lol. Not original, but an A for effort.

 

[Ringo]

Meanwhile, the international rating agency Moody's changed its outlook on the U.S. banking system from stable to negative.
And Robert Kiosaki, who predicted the collapse of Lehman Brothers in 2008, expects the bankruptcy of the Swiss bank Credit Suisse.

The problem, according to him, is the bond market.

The point is that the U.S. economy now finds itself in a tug-of-war position. How did they live before? The prime rate was 1%. Banks could hand out cheap loans to everyone, and the government would pay up to 5% of government bonds.
If you get into exactly how this worked, of course we find a fraudulent scheme. But who cares if it worked, everyone got cheap loans and fat dividends from deposits, and everyone was happy?

What happened now is that because the United States printed an unthinkable amount of money in the Covid, inflation skyrocketed. They had to raise the interest rate to 4.75%. The yield on bonds was 4,36%, and on bank deposits - 4%. That is, it became simply unprofitable to invest in American bonds. And that's in a situation where government debt is not even propped up by the ceiling anymore, but has long since been blown away by its pressure. Since the U.S. economy is tied to the economy of the entire world, the collapse of the banking system is possible everywhere (if Credit Suisse goes broke, the dominoes are guaranteed to fall everywhere).

The U.S. could lower interest rates now. But then they will be slammed with unthinkable inflation. They can, on the contrary, further increase interest rates in the hope that it will increase the yield on deposits. But then the mortgage lending market would collapse. In general, everywhere you look, there is a dead end. In fact, there is only one way out - a new World war, preferably in Europe (they dream to repeat their success after World War II, when the U.S. became a superpower on the ruins of destroyed Europe.

What is Russia's task in this situation? Not to let ourselves be eaten up. Quietly, without alarming Europe, to sit in Ukraine with strategic deterrent forces on alert. So they can somehow work it all out without them.

In principle, this is what they are doing right now.

 

[Ringo]

 

[multivita-man]

Meanwhile, the international rating agency Moody's changed its outlook on the U.S. banking system from stable to negative.
And Robert Kiosaki, who predicted the collapse of Lehman Brothers in 2008, expects the bankruptcy of the Swiss bank Credit Suisse.

The Swiss government will do everything in its power to make sure that doesn't happen. Central will banks everywhere will do the same to protect their system of finance - at least in the short-term.

The problem with that is that inflation will start to shoot upwards again because any intervention is an end to quantitative tightening. It's an expansion of money supply. It may not be a significant expansion but it blunts the effect of anti-inflation tightening, even more so because this quantitative easing is aimed at the very people who are responsible for most of the inflation to begin with: wealthy venture capitalist investors (okay, speculators).

Worst of all, we're telling these speculators that we're going to wipe their ass and do the cleanup the next time they shit on our carpet. There's not really an incentive for these people to fly straight. Why not take big risks if you can withdraw your money, capitalize your gains, and socialize your losses? Hell, if you know what you're doing you can even short your own bank stock and win millions betting against your own bank to get fucked.

Surging inflation and eventual banking system failures that even governments can't fix are in our future - possibly sooner than we realize. And this is on top of a worsening climate, which will have its own inflationary impacts. I'm probably moving my accounts to big banks like JP Morgan Chase from now on, because they really are too big to fail. But once they do...it's game over for the American way of life and our standard of living.

What happened now is that because the United States printed an unthinkable amount of money in the Covid

It did, but it was printing too much money in the years before COVID. The Fed went from being about stabilizing economic conditions and ensuring liquidity to making sure that everyone who wants a job can find one. Its focus on unemployment made sense from 2008 to 2012, but after that, QE should have ended and gradually reversed itself; instead it expanded, and then with COVID, it exploded at a time when people were staying home, industrial production declined, and supply chains were broken.

The U.S. could lower interest rates now. But then they will be slammed with unthinkable inflation. They can, on the contrary, further increase interest rates in the hope that it will increase the yield on deposits. But then the mortgage lending market would collapse. In general, everywhere you look, there is a dead end.

Yep, it's a debt trap. The only way it ends is with major unemployment and letting some failing banks die and letting some investors, er, account holders face the consequences. But we're addicted to debt-based growth. That's the only way presidents can get re-elected and congressional control can change hands now. Neither party is interested in real reform because they are both on the take from big tech and big finance. A few are interested in change but they are often thought of as loons when in reality they are the only ones who recognize the dangers we're in.

 

[Ringo]

After the U.S. banks, Swiss banks fell. Credit Suisse lost 30% of its shares. What is interesting, on the boards of all the banks that collapsed, you can easily find people who got their positions in accordance with the political conjuncture. At Credit Suisse, for example, Pippa Bunce

 

[JWBooth]

First Republic getting bailed out by the FED is one of the most transparent uses of cut outs ever.

 

[Harpy Eagle]

After the U.S. banks, Swiss banks fell. Credit Suisse lost 30% of its shares. What is interesting, on the boards of all the banks that collapsed, you can easily find people who got their positions in accordance with the political conjuncture. At Credit Suisse, for example, Pippa Bunce

Bunce has been working at Credit Suisse since 2005, 12 years before they came out as non-binary.

People on here are the most uninformed people on the internet.

 

[amethyst]

We bailed out SVB because nobody knew how widespread the problem was and Biden wanted to calm markets. This isn't just an American problem, though. Credit Suisse, for example, has been shaky for a while and this did not help.

I think the banking sector will ultimately stabilize. However, there's going to be a *lot* of venture capital that dries up. That could mean a lot less money in startups and investment for a while - potentially for a year or longer. A lot of loan capital is going to dry up, and not just in tech but in real estate and other sectors as well. A recession is pretty likely, IMO. We were probably already headed toward one but now it's almost certain, just a matter of when.

There is no stability. It is systemic and affects all banks.

Greg mannarino says the worst is yet to come. He even told his listeners to get out of all banks. When he was asked about credit unions. He replied that they were safer since they don't take huge risks. I agree with the post about JPMorgan but tangible assets seems the best way to go.

Hal turner is warning canadians about their banks. BOA is also on his watch list. He fears that we could see card access denials as early as today because in my own words, this is a runaway train.

Nobody knows which banks hold toxic long bonds. Next thursday the feds will have to choose between the banks or the dollar. Lower rates will see foreign and domestic investors take flight while raising the rates will lead to economic collapse and higher inflation.

Zimbabwe recently dumped the dollar. Once we see the saudis dump the petro dollar, it is over for us.

Either way, big banks will devour small banks centralizing power for complete control via digital currency. Take your 50th vaccine or face auto-deduct fines.

 

[Ralph Norton]

Bunce has been working at Credit Suisse since 2005, 12 years before they came out as non-binary.

People on here are the most uninformed people on the internet.

Agreed.
We should all strive to be more aware of which fruitcakes are pretending to be something they're not.

 

[multivita-man]

There is no stability. It is systemic and affects all banks.

Greg mannarino says the worst is yet to come. He even told his listeners to get out of all banks. When he was asked about credit unions. He replied that they were safer since they don't take huge risks. I agree with the post about JPMorgan but tangible assets seems the best way to go.

Hal turner is warning canadians about their banks. BOA is also on his watch list. He fears that we could see card access denials as early as today because in my own words, this is a runaway train.

Nobody knows which banks hold toxic long bonds. Next thursday the feds will have to choose between the banks or the dollar. Lower rates will see foreign and domestic investors take flight while raising the rates will lead to economic collapse and higher inflation.

Zimbabwe recently dumped the dollar. Once we see the saudis dump the petro dollar, it is over for us.

Either way, big banks will devour small banks centralizing power for complete control via digital currency. Take your 50th vaccine or face auto-deduct fines.

This isn't 2008 - I don't think it's quite that bad. The bonds themselves aren't toxic; it's really a matter of a number of banks making really shitty risk management decisions that were not flagged by regulators.

OPEC isn't going to dump the dollar because we're too big of a consumer. That being said, it's definitely possible -- likely, I think -- that the dollar undergoes a steady decline and that other reserve currencies (and precious metals) gain in value as a result.

The next few days and weeks will be a rough ride, but I think we'll get through this phase. However, once we do, we're going to have an inflation problem, and banks are setting a very dangerous expectation that account holders over $250K will be bailed out.

 

[San Souci]

Triggered, lol.

Sorry, but your title does not impress me. You offer a title but absolutely no evidence that you understand the dynamics behind the failure of SVB or any other bank.

Some good insults, though. I'll give you that, lol. Not original, but an A for effort.

Not here to impress Fag lovers. Just telling it like it is. But here is a clue. The collapse of 2008 was due to Banks giving out sub-Prime loans for a political purpose. ie--Putting Minorities in Houses. Naturally the deadbeats defaulted ,leaving the Gov't backers holding the bag. --The same thing happens if your Board of Directors are picked for Fagism or Minority Status instead of Merit. Example? Look at BIDENS Staff. (snicker)

 

[Rambunctious]

 

[Ringo]

• Free Market Capitalism News.

U.S. airlines want to ban competitors from flying over Russia
NYT: U.S. airlines called on the White House to ban competitors from flying over Russia

U.S. airlines that are unable to fly over Russian territory wanted to ban such flights by foreign competitors, the White House and Congress asked. This is reported by the newspaper The New York Times.

Banned From Russian Airspace, U.S. Airlines Look to Restrict Competitors

Because of the war in Ukraine, U.S. carriers have to take the long way on flights to and from Asia, giving an advantage to foreign rivals flying the same routes.

www.nytimes.com

Thus, because of the loss of polar routes, U.S. companies have changed plans for trans-Pacific flights, reduced the number of passengers and cargo, as well as postponed the launch of more than ten planned routes to Mumbai, Tokyo, Seoul and other cities. As a result, U.S. carriers are suffering losses because foreign competitors with the ability to fly through Russia carry passengers faster and for a lower price, which gives them, according to the U.S. side, "an unfair advantage.

U.S. airlines are asking the White House and Congress to apply restrictions to foreign carriers that are imposed on themselves, "effectively forcing them to fly on the same routes as their American competitors." In particular, Airlines for America spokeswoman Marley Collier said that foreign companies' planes should not take off, land and transit through U.S. airports.

According to the newspaper, the proposal was supported by the U.S. Department of Transportation. A draft order had been prepared to prohibit Chinese airlines carrying passengers to the United States to fly through Russia. The document is currently under consideration.

 

[amethyst]

Multivita-man

Today the new york post reported that 200 banks are at risk.

Credit suisse might be bought soon to prevent more big bank failures. This is simply an illusion of stability.

In this video, mannarino tells us to withdraw most of our money because there is a run on big banks, 11 banks are covering the withdrawals of one bank, and there is only 10% of the worlds cash in the US. If we all ran to pull our money, many of us would be left in tears.

 

[amethyst]

Yellen admits she, the fdic, and federal reserve will pick the winners and losers.

Mannarino is being interviewed by many now and is introduced as the first to warn about the debt crisis and bank weakness. Here he also expounds on credit unions and the need to exit all the other banks.

Yellen Admits FDIC Picking Survivor Banks | Gregory Mannarino LIVE

From Greg M

gregorymannarino.substack.com

 

[Ringo]

In the EU as a whole the number of bankruptcy declarations initiated by businesses increased substantially (26.8%) quarter-on-quarter in the fourth quarter of 2022, reaching the highest levels on record since Eurostat began collecting EU-wide bankruptcy data in 2015

Bankruptcies Soar Across EU, As Companies Hit Wall At Fastest Rate Since Records Began in 2015 | naked capitalism

Legions of European businesses are succumbing to the final straw of Europe's largely self-inflicted energy crisis.

www.nakedcapitalism.com

 

[Harpy Eagle]

In this video, mannarino tells us to withdraw most of our money because there is a run on big banks,

Which then makes his claim a self fulfilling prophecy.

 

[Ringo]

In 500 years of capitalism, one could learn how to run the banks.
But the problem of the system cannot be solved within the system itself.