They will use the financial crisis as an excuse to usher in CBDC, UBI and digital id. Surest way to communism is destroying the wealth of the middle class.
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Friday, March 10, 2008 Bear Sterns crisis erupted. Sunday, March 12. 2008 Bear Sterns acquired by JP Morgan.
SVB collapses March 8, 2023, acquired by regulators. Who will purchase this week? Similarities uncanny. This fallout continues . . . .
LEHMAN BROS 2.0
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Investors need to be calmed over the weekend or risk Meltdown Monday. Top of cattle market as well?
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Originally posted by errolanderson View PostInvestors need to be calmed over the weekend or risk Meltdown Monday. Top of cattle market as well?Last edited by biglentil; Mar 11, 2023, 13:02.
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Listening a round table discussion including Mark Cuban this morning. Apparently, SVB is the 2nd largest bank failure in U.S.history.
Indications are (from discussion) more banks are likely going to go down. Payrolls may not be made in some cases. Bank industry turmoil.
Record credit card debt and car loans are flash points. U.S. innovation will suffer a setback with many banks tied into SVB (from discussion).
Many more questions than answers. Have central bankers (The Fed) totally blown it? Participants suggest regulators to blame. Also, a lot of greed and risk-taking appear imploding (according to participants).
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