FDIC shuts down Silicon Valley Bank, crash incoming? Update: 2nd bank, Signature Bank in NY closed

[The M.I.C.]

They can literally create money. It ain't that deep.

I swear some of you..will you please just read..

Did you not just read my response and still chose to type those words out...?

We printed out TRILLIONS for the pandemic response..yeah, those PPP loans, unemployment checks, etc. There was a COST to that. The resulting inflation we have NOW is because we PRINTED like mad men ONLY three years ago.

For the Federal Reserve, RIGHT NOW, to tame the inflation we have AT THIS MOMENT..they'll need to raise rates till the economy buckles, demand craters due to job losses, corporate earnings diminish and the such to create DEFLATION. We're already heading into an economic superstorm without this bullshyt with banks! If you ask the Federal Government to bail out banks AGAIN in this environment..it only amplifies the pain to the economy which will be felt IMMEDIATELY.

You already have BRICS challenging the USD and moving quickly to create a new monetary system to replace the current one ruled by the Dollar RIGHT NOW. You have China carefully, as discreetly as possible offloading their Treasury holdings month after month, the Saudis openly contemplating leaving the Petrodollar agreement and joining BRICS RIGHT NOW. There is tremendous pressure on the USD right now..you honestly think we would be able to backstop a collapse of our banking system AGAIN without international holders of our watered down dollars saying "fukk this, I'm cashing out."?

 

[Malcolmxxx_23]

Y’all Survived 08 collapse
This is nothing lol

 

[The M.I.C.]

Y’all Survived 08 collapse
This is nothing lol

This ping pong table forehead having ass nikka right here..

 

[Neo. The Only. The One.]

I'm not a financial guy. Can somebody explain to me what the hell is going on?

Preferably not a TLR idiot.

 

[ORDER_66]

I'm not a financial guy. Can somebody explain to me what the hell is going on?

Preferably not a TLR idiot.

Someone stealing the money on the low, or playing games...

 

[bnew]

https://archive.is/sL66E

 

[bnew]

https://archive.is/yeGrU

https://archive.is/js6RQ

 

[Dreamchaser]

https://archive.is/sL66E

I bank with First Republic Bank, I got two emails yesterday six hours apart and I knew what was coming was going to be bad. I doubt they stay open past the week.

 

[MikelArteta]

I bank with First Republic Bank, I got two emails yesterday six hours apart and I knew what was coming was going to be bad. I doubt they stay open past the week.

What’s gonna happen to your money

 

[bigdaddy88]

Alot dumb nikkas in here

 

[Dreamchaser]

What’s gonna happen to your money

Thank god I moved most of it to fidelity to a money market fund to collect some interest. I dodged a bullet.

 

[The D-List Vet]

Oh shyt

 

[IAMDetroit]

breh doesn't realise the banks are solvent based on future income, credit worthiness and near-term access to credit markets to tide them over today.

in other words most banks are illiquid and/or insolvent today. hence why bank runs are so dangerous.

as for "systems to protect" breh missed 2008 when the systems failed and banks were directly bailed out / purchased (breaking EU law) and put on life support QE/discount window lending since then in a once in a lifetime possible move to stop people taking their money out.

breh thinks that in a high-inflationary scenario like we have now banks can print money like that again

Lol what if I say I will print the money for you, for face value plus interest lolooooolllololollolololol

 

[BigMoneyGrip]

Thank god I moved most of it to fidelity to a money market fund to collect some interest. I dodged a bullet.

You should’ve had your bread in fidelity from day one

 

[null]

Lol what if I say I will print the money for you, for face value plus interest lolooooolllololollolololol

what?