Banking failure

[TASFarms]

How do you get dollars out of krypto now silvergate is done?

[parsley]

There is one and only one financial asset that has zero counterparty risk. We are about to be reminded why that intrinsic quality is so important.

Goats and sheep, right ?

[biglentil]

Breaking another one bites the dust. "We did it Joe, we did it!"

[zeefarmer]

So what does this mean for the common Joe? Panic buy with cash on hand? Go and get cash and put it under the mattress?

[TOM4CWB]

The US Fed set up a Bank lending program where if Bonds are deflated to 60 cents on the Dollar, the Fed will pay $1 on the Dollar value of the Bond.

Risks have changed- Decreased …radically from a week ago … for the whole US financial sector.

Cheers

[shtferbrains]

So what does this mean for the common Joe? Panic buy with cash on hand? Go and get cash and put it under the mattress?

Commodities?

[errolanderson]

Apparently, New York Signature bank just went under in the past hour.

[jazz]

So what does this mean for the common Joe? Panic buy with cash on hand? Go and get cash and put it under the mattress?

Keep it in the bin like flea Beatle. Might have to get cash on the scale from now on.

This system is creaking and is so fragile now. There are bound to be shocks like this in a dying system.

A bank devoted to unicorn tech and climate scam companies is not surprisingly the first to go.

Faith in everything is being tested big time.

[errolanderson]

Keep it in the bin like flea Beatle. Might have to get cash on the scale from now on.

This system is creaking and is so fragile now. There are bound to be shocks like this in a dying system.

A bank devoted to unicorn tech and climate scam companies is not surprisingly the first to go.

This is a bailout in-disguise.
Fed has met-its-match (IMO) . . . .

[zeefarmer]

Keep it in the bin like flea Beatle. Might have to get cash on the scale from now on.

This system is creaking and is so fragile now. There are bound to be shocks like this in a dying system.

A bank devoted to unicorn tech and climate scam companies is not surprisingly the first to go.

Faith in everything is being tested big time.

So hitting the postharvest highs in wheat and durum and post Christmas highs in canola wasn't as good an idea as I hoped. Bins are empty....

[TOM4CWB]

ATB and Alberta Credit Unions are all backed 100% by Alberta Provincial Government.

In Alberta We have the Most secure currency deposits on the planet.

We are very blessed that the 1930’s the Social Credit Government in Alberta created our own currency charter. The depression of the Alberta economy caused the need for our Alberta Government to create our own credit facilities…constitutionally exercised by our local sovereignty ….to hold our Canadian currency and back up that currency with the province’s assets .

Cheers

[TOM4CWB]

Always seems to be a financial crisis when liberals and democrats run the show !

No Accident…

Climate Change…. The new green deal…. Is all about maximum disruptions… and disaster… feeding upon itself…. Double Down… WEF goal to depopulate the earth of humanity….

Astounding how deceived Western “Civilization “ has become!

Cheers

[errolanderson]

HSBC just bought the UK arm of SVB for 1 British pound ($1.21 USD) in a last minute deal . . . .

[shtferbrains]

How do you get dollars out of krypto now silvergate is done?

Silver is up 10% from the lows last week.

Gold $100 from last Wed low.

[jazz]

SVB should have called themselves Slava Ukraine Bank, would have been an instant bailout.

Now y all know what the banks are holding. Canadian ones are holding a housing bubble, US ones are holding a tech and climate scam bubble.

Both are holding a consumer debt tsunami.

All are holding more speculative debt than any productive debt.

All are holding the govts bond bags for them.