SVB depositors will get rekt!
Startups won't make payroll and die!
Debt Ceiling won't be raised!
We'll print a trillion dollar coin!
The lady doth protest too much. I expect a bailout announcement in the next few weeks.
Discussion
Raising the debt ceiling seems trivial... why not to kick the can into the abyss while you still can?
I fear there is no way around it.
Want SVB not to get bailed out… in 2008, they did it to many irresponsible banks who preyed on plebs. If we keep doing this, sends a bad message.
I actually feel the opposite. Bail them out and everyone else. Keep the money printer brrrring. That’s why we have bitcoin. We’re already here. Let the rest of the fiat plebs lose their purchasing power and then they’ll eventually realize what we already know.
How much money are you comfortable keeping in the bank?
The bailouts will come when they find that JPM is in the same position in a few days or a few weeks.
The Fed is poised to suck more wealth from poorer countries. Hyperinflation on horizon. CDBCs will be “last resort to stop it all”. Global collapse. Freaking modern day Midianites.