Don’t panic.. They are focused on “trying” to meet their needs…
What needs? The right to remove your life savings from a bank you thought you could trust?
👀 🍿
Discussion
They are gonna do it again..
I don’t see how they couldn’t with the current trajectory.
SVB is a 40yr old bank familiar with leveraged money. They survived 99 and 08. This time the problem was caused by the FED. Just wait until all the others start popping up. Janet will pivot her stance quick.
Bro yes.
Imo:
Putin is killing off and sanctioning billionaires to reclaim wealth/power
The US gov is causing systemic collapse to achieve the same thing
The collapse happened because they were overly reliant on previous interest rates to make ends meet
It's def going to happen again, I don't know who they're trying to bullshit, saying it's an "isolated event"
Every bank in the country operates the same way
SVB was just the most vulnerable, so they collapsed first
The question has become, who is the next domino?🤷♂️🤔
She's made her position clear.
No use Yellen about it.
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They might do a bail in
The reset button awaits.
Whats the difference bet. a bail in & a bail out?
Rather than printing money to pay off debts (as in a bail-out), those debts are simply cancelled.
Wait what? I had an understanding that bail ins are when the bank confiscated accounts thah exceed 250k to pay off their debts
This article seems to agree with my understanding:
https://www.investopedia.com/terms/b/bailin.asp
Though I'm not certain that there aren't "bail-ins" that conform to your understanding too
Its there though, the cyprus expirement
No worries. The Fed will reimburse you (up to 250k) with a digital currency that they totally control... CBDC
This is all part of the plan. (search Pedo Joe's executive order #14033?) Signed Dec 13,2022
Isn't a bailout ultimately up to Congress? LOL I bet SV might regret becoming the digital Ministry of Information for the Democrats now that Republicans own the house.
Bunch of companies going to close their doors because they used a bank.
Let that sink in lol.
I wonder what clever phrase will be used instead of 'bailout'?
It is only up to 250k