Banking failure

[biglentil]

Gold that 'relic' that after decades of Cental Bank selling, central banks have been stockpiling at the fastest rate in history. Except Canada, most was dumped at $250 an ounce then Turd sold the last remaining a few years ago.

[sumdumguy]

In my lifetime every few years, we hear about smaller banks in US “going under”. Banks taking tech ideas for green projects, hmmm, pie-in-the-sky crazy notions, what do you expect?

[wrongway]

Trouble is that what are you going to do with a 10000 ac vegetable garden? Lots of work. Reality is once the shit hits the fans there ain't going to be anyone that can afford your produce. This is why both land and gold are not the answer. You need some land but right now converting cash to anything that can be useful to grow one's own food and produce your own energy is the approach going forward. Gold also has limited usefulness in that you can't store large quantities (theft), you can't eat it and trading opportunities will be limited. I do have some but not much for that reason.

billionaires (bill gates), investors (chinese), pension funds(otf) all buying land like there is no tomorrow. I'm of the opinion that the elites and those with friends in high places are and will be protected. 7 billion people to feed and the powerful want total control over that. they are patient they will get what they want it's easier to discourage everyone to make them quit than to make laws and forcibly take it...just look whats happening in the netherlands and france and south africa right now people are fighting back, not that you will see any of this on cbc...

[ajl]

billionaires (bill gates), investors (chinese), pension funds(otf) all buying land like there is no tomorrow. I'm of the opinion that the elites and those with friends in high places are and will be protected. 7 billion people to feed and the powerful want total control over that. they are patient they will get what they want it's easier to discourage everyone to make them quit than to make laws and forcibly take it...just look whats happening in the netherlands and france and south africa right now people are fighting back, not that you will see any of this on cbc...

cpp recently sold land holdings. I don't think they are any wiser than anybody else so not sure what to make of that. Gates has land that they are putting solar panels on. There is speculation that the billionaires will be able to force a conservation reserve program in order to starve the populace while making good on the farmland investment so that is likely gates' angle. After all they figure people will eats bugs. chinese speculate on real estate because that is what they do. Home ownership is 200% in china. How does that work? Look up ghost cities. Some of those are being blown up. Real estate speculation goes on in all failed states prior to collapse.

[biglentil]

Gold ripping today 2730 imitation gold looneys for 1 real one. +97 looneys just today.

[biglentil]

Banking situation in a nutshell

[jazz]

They wont let it fail, trust me. They will inject another $30tn in if they have to.

[sumdumguy]

Credit Suisse is like a boat with holes in it. It gets patched up every four years or so. I think they’ve learned to hang on the teat and get free money every few years. Overly simplistic, I know but I’ve heard this song several times before.

[biglentil]

Bailing out the financial sector is highly inflationary all while inflation is already a massive issue.

[jazz]

[errolanderson]

Wall Street Journal suggests 186 banks now in the same boat as SVB and Signature Bank. Panic has set in. Each day matters.

Central bankers continue to tighten into a credit crisis. And the Fed plans to hike rates next week, absolutely insane . . . .

[shtferbrains]

Warren Buffet would not have been asked to provide advice to the banks that went broke.
Not in any way a woke type investor.
Where would he even start?