What really happened at Silicon Valley Bank

Via Western Rifle Shooters

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25 Comments
my2cents
my2cents
March 12, 2023 11:26 am

Organized crime & crooks in general. Oh yes, sheep that were prime for shearing.

GNL
GNL
March 12, 2023 12:05 pm

I predict that this will blow over. Nothing to see here.

mark
mark
  GNL
March 12, 2023 12:17 pm

comment image

Glock-N-Load
Glock-N-Load
  mark
March 12, 2023 2:20 pm

Don’t get me wrong. I believe however it resolves will not be good for society. They cannot allow any kind of quick societal breakdown. Nope, slow and steady will win the race to boiling the frog. They cannot contain a Mad Max scenario.

I cannot think of any earthly power stronger than control of fiat.

Bunkers. Bunkers Everywhere!
Bunkers. Bunkers Everywhere!
  Glock-N-Load
March 12, 2023 3:56 pm

“They cannot contain a Mad Max scenario.”

‘They’Don’t wanna ‘contain’ a M.M.S.

EXACTLY what they WANT.

“I cannot think of any earthly power stronger than control of fiat.”

Ephesians 6:12 “For we wrestle not against flesh and blood, but against principalities, against powers, against the rulers of the darkness of this world, against spiritual wickedness in high [places].”

Does that ‘Kid’ STILL track the flights of all the ‘elites’? 🤣

SURE indicator.

Glock-N-Load
Glock-N-Load
  Bunkers. Bunkers Everywhere!
March 12, 2023 11:53 pm

Earthly power.

👁've become a K.I.S.S. Acolyte...
👁've become a K.I.S.S. Acolyte...
  Glock-N-Load
March 13, 2023 12:13 am

“Earthly power.”

…As mentioned in reference to Ephesians 6:12

MUCH ‘easier’ ta pretty much 🤣 MAO. Over EVERYTHING.

Of Course, EVERYONE is entitled to their Own Opinion, The “Free Will” thingy is NO Accident, imho.

By ANY metric? The ‘Pace’ IS quickening.

Just got ‘back’ from a brief sojourn to TLD. Where 👁 encountered…

https://www.outkick.com/man-robbed-by-two-women-he-brought-home-from-a-casino-for-a-threesome/

If You have the time/inclination, you’ll have more context for the following:

The Man is in DESPERATE need of Glasses, Contacts, or possibly…
https://www.mayoclinic.org/tests-procedures/lasik-eye-surgery/in-depth/lasik-surgery/art-20045751
…IF he has any $$$ left.

2ndly? He is lacking in proper ‘etiquette’, for the situation. Again, imho.

To Wit:

“70 year old man goes into a brothel. He picks out a young pretty woman, they go up to her room, strip down and climb into bed.

The old man performs like a teenager, the prostitute is amazed at how energetic and agile he is, she tells him if he can do it like that again, she’ll give him one for free.

He says “Yeah, I can, but I need to take a 20 minute nap, and while I’m asleep, I need you to hold my old pecker.” She agrees, he wakes up 20 minutes later and goes at it again, just as vigorously as before.

The girl is amazed at the old man’s stamina, and repeats her freebie offer, the old man tells her that once again, he’ll need a 20 minute nap and she’ll have to hold his dick while he’s asleep. She does as he asks, he wakes up 20 minutes later and he goes at it again, with even more enthusiasm than previously.

The hooker catches her breath, and needing to satisfy her curiosity, asks the old man “I can understand why you need the nap, but why do you need me to hold your dick while you’re sleeping?”

The old man replies “Oh, that’s just so you don’t steal my wallet.”

Take Care, willy

mark
mark
  Glock-N-Load
March 12, 2023 7:59 pm

Donkey…I was just teasing ya…

I love to tease all my friends…

(My wife loves that line from that movie…and is always using it on me).

Glock-N-Load
Glock-N-Load
  mark
March 12, 2023 9:31 pm

Mark,

Never any worries here my good friend. You are a friend.

The Central Scrutinizer
The Central Scrutinizer
March 12, 2023 1:12 pm

Yet another in a string of Fractional Reserve Fuck Ups.

Are we learning yet?

anon a moos
anon a moos
  The Central Scrutinizer
March 12, 2023 1:17 pm

Yes we are. Learning that joe Q Public is stupider than shit and will fall for the same scams time and time again. oh look over there

The Central Scrutinizer
The Central Scrutinizer
  anon a moos
March 12, 2023 1:55 pm

I remember my father warning me about the cyclic nature of economics when I was 10. He said I’d see it again at least once before I died.

Nailed it, Dad!

anon a moos
anon a moos
March 12, 2023 1:40 pm

The great thing about this new shiny bank failure thing is we don’t have to suffer the constant droning of covid deaths anymore. Like the following.

I’m not mocking to hurt people. Its that we’re so easily led in any direction the media points towards.

Anonymous
Anonymous
  anon a moos
March 13, 2023 6:48 am

Deplorable4Trump2024 is complaining about deaths from the “beautiful, beautiful vaccine”.
Cognitive dissonance at Warp Speed.

Raymond
Raymond
  Administrator
March 13, 2023 4:02 am

The VCs had the implicit promise from the bank honchos that even in the unlikely event things were to get a little rocky there was no reason to worry-the Fed would be there to prevent them from losing even a dime.

B_MC
B_MC
March 12, 2023 3:53 pm

Well, there you have it….

Advisory firm Rothschild & Co is exploring options for SVB UK as insolvency looms

UK finance minister and Bank of England work to contain SVB fallout

Britain’s finance ministry and the Bank of England are working to minimize the disruption that could arise from a collapse of the UK arm of Silicon Valley Bank (SIVB.O), which has been seized by U.S. regulators, the ministry said on Saturday.

Talks were scheduled for Saturday to discuss the issues faced by British tech companies affected by the collapse, the ministry said in a statement. The Bank of England on Friday said it was seeking a court order to place SVB UK into an insolvency procedure…

Advisory firm Rothschild & Co is exploring options for SVB UK as insolvency looms, two people familiar with the discussions told Reuters.

More than 250 UK tech firm chief executives signed a letter addressed to Jeremy Hunt, the British chancellor of the exchequer (finance minister), calling for government intervention, a copy seen by Reuters shows.

https://www.reuters.com/business/finance/uk-finance-minister-bank-england-governor-touch-over-svb-collapse-2023-03-11/

TampaRed
TampaRed
March 12, 2023 4:03 pm

anyone who reads my comments knows that i am ignorant when it comes to high finance —
however,from what i have read the bank’s troubles stem from having huge amounts of govt bonds among it’s assets that have now lost massive amounts of value because the fed has raised % rates —
assuming those are the facts,what did bank mgmt do wrong?

Backstopper
Backstopper
  TampaRed
March 12, 2023 6:15 pm

What did bank mgmt do wrong? – They trusted the government.

mark
mark
  TampaRed
March 12, 2023 8:29 pm

Tampa,

There are many different schools of thought. White boarding off the top of my head in no particular order:

1. This is all planned to distract from the collapsing Covid Con…bring the masses to their financial knees…and pave the way for their NWO solution CBDCs!

2. This was inevitable…kicking the DEBT CAN (that became a barrel) down the road became impossible…and then they ran out of road!

3. Evil hubris, overreach, and pride goes before a fall.

4. Evil hubris, overreach, and pride goes before a fall…and God is going to use the BRICKS to destroy the power (fiat currency) of TLPTB (L=Luciferians) who have completely captured the West with their fake money…like He used the Babylonians and the Assyrians to punish Israel.

5. London, DC, and the Vatican (the unholy trinity) is the Whore of Babylon riding the back of the Beast System…and is about to get devoured.

6. The West has made an idol out of currency/wealth/and material possessions and God is going to remove those idols.

7. ICE 9 is right about the financial side 100%.

8. The 3rd Seal is about to be opened!

9. The entire Banking system is a giant Peter…and has reached it’s Principle of screwing as many of us/U.S. as it can

10. The Preppers were right!

11. Get ready for all the Default Risk to DEFAULT!

comment image

12. All of the above.

Glock-N-Load
Glock-N-Load
  mark
March 12, 2023 9:34 pm

1, 6, 9 and 10…always prep no matter the political or financial climate.

Aunt Acid
Aunt Acid
  TampaRed
March 12, 2023 10:22 pm

they trusted the $cience; the Di$mal $cience.

$cience & Di$mal $cience©, Copyright Aunt Acid, 2023.

(Thank you, Thomas Carlyle. Love, Auntie)

Alas, ZH from days of yore? No More...
Alas, ZH from days of yore? No More...
  TampaRed
March 13, 2023 12:42 am

“anyone who reads my comments knows that i am ignorant when it comes to high finance —”

…Stunning ‘Education’ way-back-when. 👁 was NOT fit to polish their wingtips…no acct. even, until nearly ’16. shell of its former self , by then.

@ that juncture? i was a ‘natural’. Tons of Fun!

Had i been more ‘Worldly’, Smarter, Etc? i woulda started a TextEdit file(s) way back in ’10 or’11, can’t be sure, when i 1st ‘discovered’ the Place. ’cause i could NOT figure out… ‘where does all this $$$ come from’. Either.

Some of the subject matter. NOT the ‘originals’.

https://www.theguardian.com/business/2008/sep/20/wallstreet.banking

https://www.financestrategists.com/wealth-management/alternative-investment/credit-default-swap/

https://www.wallstreetoasis.com/resources/skills/finance/credit-default-swap-cds

https://moneyweek.com/316602/profile-of-blythe-masters

AND, ronnie ‘raygun’ was 🔑… (Not sure if Uncola coined the term or not. Happy to give Him credit. imho, His ‘stuff’ is EXCEPTIONAL)

…Opened the door to all the aforementioned CURRENT malarkey. And More.

Shit has been headed ‘South’ since @ LEAST the days of a. hamilton, and his mommy…rachel levine.

"The Russians! The Russians!"...
"The Russians! The Russians!"...
March 12, 2023 4:17 pm

…were famous for it. First.

“During the ‘70s, Soviet workers had a saying that revealed a fundamental flaw in their economic system:”

“We pretend to work and they pretend to pay.”

Been that way for a long, long, long time, ‘Here’. In the good ‘ol u.s.a.

But before that?

overthecliff
overthecliff
March 12, 2023 9:53 pm

Strawthat broke the camel’s back.