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Banking failure

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    #13
    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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      #14
      What about cash in a corporate account, how much is insured.


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        #15
        Originally posted by TASFarms View Post
        Harper had bail in on his budget.
        Wouldn't surprise me Harper also cozy with WEF.

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          #16
          Contagion rearing its ugly head. The only thing stable about stablecoin USDC $43 billion market cap is its name.

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            #17
            Bloomberg report on Canadian Bank effects:






            Cheers

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              #18
              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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                #19
                Investment in food production is starting to look better every day.

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                  #20
                  In a world of HFT and derivatives things can get ugly quick. USDC has lost its peg since my last post. Could be nothing:

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                    #21
                    Investors need to be calmed over the weekend or risk Meltdown Monday. Top of cattle market as well?

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                      #22
                      Cattlemen see meltdowns about twice as often as the rest of the business world.

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                        #23
                        Originally posted by errolanderson View Post
                        Investors need to be calmed over the weekend or risk Meltdown Monday. Top of cattle market as well?
                        Gold had a big day Friday Errol, commodities seen as a safe haven. The beef market is tight on the supply side I don't see a pull back coming, like booze and cigarettes demand is somewhat inelastic.
                        Last edited by biglentil; Mar 11, 2023, 13:02.

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                          #24
                          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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