With just hours left until futures open for trading late on Sunday afternoon, the situation remains extremely fluid and for now it appears that regulators, central bankers and treasury officials (we won’t mention the White House where the most competent financial advisor is Hunter Biden) still don’t have a clear idea of how they will coordinate or respond.
Take Janet Yellen, who said on Sunday morning that the US government was working closely with banking regulators to help depositors at Silicon Valley Bank but dismissed the idea of a bailout.
Speaking with CBS on Sunday, the treasury secretary sought to assure US customers of the failed tech lender that policies were being discussed to stem the fallout from the sudden collapse this week. The Federal Deposit Insurance Corporate (FDIC) took control of the bank on Friday morning.
“Let me be clear that during the financial crisis, there were investors and owners of systemic large banks that were bailed out . . . and the reforms that have been put in place means we are not going to do that again,” Yellen said (oh but you will, you just don’t know it yet).
“But we are concerned about depositors, and we’re focused on trying to meet their needs.”
It wasn’t clear which depositors she meant: as we first pointed out on Friday, out of SIVB’s $173 billion of customer deposits at the end of 2022, $152 billion were uninsured (i.e., over the $250,000 FDIC insurance threshold) and only $4.8 billion were fully insured. As we also noted last week, a further look at SIVB funding (pie charts) shows unusually high reliance on corporate/VC funding; only the small red private bank slice looks like traditional retail deposits to us.
As a result, as JPM’s Michael Cembalest says “It’s fair to ask about the underwriting discipline of VC firms that put most of their liquidity in a single bank with this kind of risk profile. At the end of 2022, SIVB only offered 0.60% more on deposits than its peers as compensation for the risks illustrated below; in 2021 this premium was 0.04%”.
Meanwhile, late last night, Bloomberg reported that the FDIC and the Fed are “weighing creating a fund that would allow regulators to backstop more deposits at banks that run into trouble following Silicon Valley Bank’s collapse.”
According to the report which cites people familiar with the matter, “regulators discussed the new special vehicle in conversations with banking executives.” And here the punchline:
The hope is that setting up such a vehicle would reassure depositors and help contain any panic, said the people. They asked not to be identified because the talks weren’t public.
Well, needless to say, any time one mentions “hope” as a wise macroprudential policy, alarms go off, because the entire banking system suddenly becomes reduced to a game of chicken as follows: Fed/regulators won’t backstop deposits today and won’t admit a bank crisis is emerging, but if a bank crisis emerges and there is a flight of deposits on Monday morning, they will move.
But then it will be far too late as once a bank run has started it is virtually impossible to stop it under controlled circumstances and is why the number one prerogative for regulators is to avoid just this kind of outcome, which is catastrophic for a fractional reserve system that is entirely based on confidence, and where available “demand money” is merely a fraction of the $18 trillion in deposits, far more than the $2.2 trillion in circulating currency.
Furthermore, a quick look at historical unsecured depositor impairment numbers show that losses imposed on uninsured depositors range between 6% and 65%: huge numbers in today’s context even assuming that banks are mostly solvent (which they likely won’t be once the commercial real estate crisis hurricane hits).
Meanwhile, as Jason Calacanis writes, this is just the beginning.
ON MONDAY 100,000 AMERICANS WILL BE LINED UP AT THEIR REGIONAL BANK DEMANDING THEIR MONEY — MOST WILL NOT GET IT
THIS WENT FROM SILICON VALLEY INSIDERS ON THURSDAY TO THE MIDDLE CLASS ON SATURDAY — MAIN STREET FINDS OUT MONDAY
— @jason (@Jason) March 12, 2023
And while he may be conflicted – he certainly has some material losses as a result of the SVB failure – one look at what is already taking place at some smaller, vulnerable banks such as this First Republic Branch in Brentwood should be sufficient to see what comes tomorrow if the Fed makes the wrong decision today.
I’ve never seen a bank run in Brentwood Los Angeles in over 40 years — this is at first republic bank branch. People standing in rain pic.twitter.com/k31PqqpyO3
— pjb.eth (@Dr_PhillipB) March 11, 2023
The flipside to all this is that the longer the Fed waits to assure depositors – even uninsured depositors – that they are safe, the more firepower (bailout funds, TARP 2.0, rate cuts, QE) it will have to deploy much sooner than anyone previously expected as the crisis spirals out of control.
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Here is the last paragraph/conclusion to the Great Depression link below…sound familiar?
“In the final analysis, the genesis of the Great Depression lay in the inflationary monetary policies of the U.S. government in the 1920s. It was prolonged and exacerbated by a litany of political missteps: trade-crushing tariffs, incentive-sapping taxes, mind-numbing controls on production and competition, senseless destruction of crops and cattle, and coercive labor laws. It was not the free market that produced twelve years of agony; rather, it was political bungling on a scale as grand as there ever was”.
WHAT CAUSED THE GREAT DEPRESSION?
The definitive guide to the key events and policies that caused the Great Depression.
Friday, February 02, 2018
Sections
THE FOUR PHASES OF THE GREAT DEORESSION
• 1. Easy Money: A Series of False Signals
• Monetary Policy, Interest Rates, and the Business Cycle
• The Artificial Boom of the Roaring 20’s
• The Inevitable Bust
• 2. Hoover’s Anti-Adjustment Policies
• The Smoot-Hawley Tariff Act
• Hoover’s Taxes, Subsidies, and Relief Schemes
• 3. The New Deal: FDR’s Interventionism
• The New Deal’s Central Planning: NRA and AAA
• Inflation and Pump-Priming Measures
• 4. The Wagner Act and Labor Laws
• Conclusion
Few areas of historical research have provoked such intensive study as the causes of America’s Great Depression—and for good reason. Tens of millions of humans suffered intense misery and despair.
How bad was the Great Depression? The dimensions of the economic catastrophe in America and the rest of the world cannot be captured fully by quantitative data alone, but here are some figures that might help put this economic nightmare into perspective:
• From 1929–1933, production at the nation’s factories, mines, and utilities fell by more than half.
• People’s real disposable incomes dropped 28%.
• Stock prices collapsed to one-tenth of their pre-crash height.
• The number of unemployed Americans rose from 1.6 million in 1929 to 12.8 million in 1933.
• At the height of the Depression, one of every four workers was out of a job.
Because of these unspeakable traumas, the Great Depression and its causes have remained at the forefront of economic study and debate. The Great Depression was a complex event, and understanding what happened is no small challenge. In this guide, we aim to give you a clear picture of the key historical figures, policies, and events that caused and extended America’s Great Depression.
We’ll start by breaking down the timeline of how exactly the Depression unfolded, which we’ll break up into four distinct phases.
THE FOUR PHASES OF THE GREAT DEPRESSION
When you think of the Great Depression, probably the first thing that comes to mind is the massive stock market crash of 1929, when stock prices plummeted spectacularly and investors dumped their stocks as fast as they could. The ensuing panic was memorable indeed, but it was only one aspect of the Depression. In fact, the Depression had four distinct phases:
1. The government’s “easy money” policies caused an artificial economic boom and a subsequent crash.
2. President Herbert Hoover’s interventionist policies after the crash suppressed the self-adjusting aspect of the market, thus preventing recovery and prolonging the recession.
3. After Hoover left office, Franklin Delano Roosevelt’s “New Deal” expanded Hoover’s interventionism into nearly every aspect of the American economy, thus deepening the Depression and extending it ever longer.
4. Labor laws such as the Wagner Act struck the final blow to the remaining healthy sectors of the economy, dragging the last remaining bulwarks of productivity to their knees.
Each of these phases are marked by distinct events, and each had their own specific causes. Together they produced one common result: business stagnation and unemployment on a scale never before seen in the United States. Let’s examine each phase and its causes in turn.
MOUR: https://fee.org/articles/what-caused-the-great-depression/
The Smoot-Hawley Tariff Act
Total bullshit
For many years, it was supposed that the Smoot-Hawley tariff of 1930 played a major role in the economic contraction of the Great Depression. As more economists are gradually coming to realize, this was unlikely to have been the case for several reasons. First, the 15.5 percent annual decline in exports from 1929 to 1933 was less precipitous than the pre-tariff 18.3 percent decline from 1920 to 1922. Second, because the amount of imports also fell, the net effect of the $328 million reduction in the balance of trade on the economy amounted to only 0.3 percent of 1929 GDP. Third, the balance of trade turned negative and by 1940 had increased to nearly ten times the size of the 1929 positive balance while the economy was growing.
The reason the Great Depression happened was the same reason that the financial crisis of 2008 happened. Everyone was overleveraged and the total amount of money being borrowed collapsed. That is why an average of 1,287 banks failed every year from 1930 to 1933. The historical credit collapse had vastly more impact on the economy than a smaller annual decline in exports than had been experienced seven years before as a result of the Fordney–McCumber tariff act.
If we just got back on the gold standard , all out financial troubles with inflation/stagflation and supply side issues would be cured…reeeee
I really find it hard to believe that the dork got more women that the rest of the Stones put together and by an overwhelming margin. More ass than a toilet seat in other words.
Drugs and $$$$ ?
Counter point well taken…what do you think about the rest?
LOLberzt bullshit.. muh free market and gold is the answer to everything…reeeee
The crash of 29 and the subsequent depression was a Deep Shekels reset designed to bring the US under the control of money lender powers, put Bolshevik asset Roosevelt into the US president’s office and involve America the creation of a Marxist empire of Deep Shekel pwnd looting vermin , i.e. the Soviet Union which the American people absolutely built from the ground up, explained in great detail here:
Stalin’s War: A New History of World War II
And here:
From Major Jordans Diaries
by George Racey Jordan
https://archive.org/details/FromMajorJordansDiaries1952Signed
One of the reasons I put it up was the many technical similarities in-between the past tactics the FED used to intentionally cause the Great Depression (I completely agree with your point on that and who FDR really was) as they are using many of the same tactics today to cause another ‘Greater Depression’…and another ‘Wealth Transfer’ (like FDR did with Gold and as the banksters did buying homes and farms for pennies on the dollar) to usher in their pending CBDC control phase.
The Luciferian Globalists will try and use WW3 just as they did WW1 & WW2 for their NWO end game.
I haven’t read the Stalin book, it looks interesting.
Just finished ‘Confusion in Christianity’ agree with him about 85% of the time but have some points I think he got a little legalistic on…need to go back and ponder parts of it some more.
I have CiC on my reading list, but it’s a long list.
Just Came Home From the Supermarket – People Oblivious to Banking Crisis
WORLD
HAL TURNER
12 MARCH 2023
HITS: 1547
I just arrived home from the supermarket where I went to top-off some preps and get some extra meat due to the banking troubles . . .
People in the store were completely, totally, oblivious to what is taking place in the Banking system. Not a care in the world.
The people on line behind me at the checkout noticed I had considerable amount of meat and they said “Got a lot of meat there.” I replied “Well, with the banks having troubles, I decided I would get some extra in case they all go under.” That raised eyebrows.
The guy’s wife said “Oh, you mean those California Banks; they’re not here, won’t affect us.”
I replied, “Silicon Valley Bank has a branch on Park Avenue in New York City for all the rich people. Yesterday, the bank had to call the New York City Police to forcibly remove those people because they wanted their money and the bank couldn’t give it to them. Plus, all the companies that had PAYROLL in Silicon Valley Bank, that money is gone. All the employee paychecks are no good. This is gonna spread so fast it will make our heads spin.”
The wife gave a worried look to the husband. I told them “The FDIC is at twelve other banks already, and it looks bad for them too. In fact, First Republic Bank looks like the next Domino to fall, probably tomorrow. God only knows how many more after that.”
The husband said “We haven’t seen anything about other banks on TV.” I replied “You won’t until it’s too late.”
Then I told them “Look, go to an ATM and get some cash out today. This way, if things go bad, you at least have money for food for a week or two til things settle down. If you don’t use it, you can put the money back in the bank, but it’s better to have it and not need it, than to need it and not have it.”
The husband nodded his head as if to say that’s a good idea.
Frankly, I cannot fathom that the ENTIRE system might collapse. It just makes no sense. There is no reason at all to smash the entire country to smithereens, and that’s exactly what would happen if the Banking system goes under.
I want to believe that cool heads will prevail and the system has enough back-stops built into it, to get through this. But I can’t help but feel that there is a much bigger, and very sinister plan, to force “the Great Reset” upon us all. And what better way to do that, than to smash the entire Banking System right now?
If this turns out to be some evil plan, there’s going to have to be reprisals against the people doing it. Brutal reprisals.
The US could get a loan from the IMF. /s
You mean, get some of our OWN money back?!
(pyrrhus…currency is not money – what we really need is our full faith and credit – that has been stolen – recreated from the coming currency ashes).
Or, in a pinch, from Zelinsky-but only if we say pretty please.
Yeah … but Bidet would still take his 10% cut …
Zelinsky might give us a loan, maybe, but only at payday lender rates, as per his peoples’ custom.
We just print all the money to cover the withdrawals. Hyperinflation is in the cards. We are about to end the game. Ho Lee Fuk And Som Ting Wong just arrived from China and they want their $800 billion. We print it up for them. No problem.
THAT would have been a great exchange to watch.
And, that’s why I have a year’s take home stashed here and there. Plus some Schiff barter bags.
Went to two different local bank ATMs to see if there is a line of people withdrawing or if the ATM is empty. Nope. All well.
Our banks around here have a limit of between $300 -$500 you can withdraw from an ATM. Anything over that you have to see a teller. Been that way for a long time. I have come across empty ATM’s before. Haven’t tried to withdraw anything from one lately.
I had to go to 3 bank branches to find ATM with cash today.
Major US bank………………….
Tomorrow will be interesting.
OMG!
I had no idea!
I’d better get my money out of the bank ASAP!
Oh, wait.
I only have $35.48 in the bank…
Funny, I only have $5 in my savings account and about a -$500 I my checking overdraft until next payday.
If all goes under before then I win!
I’m also holding a couple grand the Fed says I owe them by April 15th.
If everything crashes before then I win again!
Ok I thought this was all jokes until I went to the ATM. There were lineups for all three. The one next to me ran of money, and people tried to cut into the other lines. I broke my hand sucker punching this dude from behind. The cops showed up, no arrests but they did shut down the lobby. Fortunately, I got my money first. $665.00 plus $1 fee. I will never be sarcastic again…….
and 10% of that is on hold for “services” provided by the Biden Crime Family.
You know Hal Turner is a paid Fed informer…..
https://judiciaryreport.com/confirmed_hal_turner_was_a_paid_informant.htm
I’m sure Uncle Sam is a paid subscriber to TBP as well
Whoduhthought?
Spooks and Goons, Spooks and Goons.
Dehr everywhere, dehr everywhere.
Just make sure there ain’t a spook in the woodpile.
It’s just a milk snake
HA!
NEWS FLASH>>>>>>>>>>>>>>>
A few hours later Janet and (((The Fed))) reversed their announcement………. had ya goin’ didn’t they?
This just in to the newsroom>>>>>>>>>>>>
Plans are in the works for $1400 stimulus checks. Some talk of $2000 checks have been mentioned. Buckle your seat belts…….
Gimme more stimmy!
….and this just in,the government will be issuing debit cards for those depositers who were unable to get cash…..
….Boom,instant CBDC! need I say more….? That will be your access portal from now on!…..pray I’m wrong!
Nice move at the supermarket! HaHa. Alas, I don’t see any ‘cool heads’ in the elite ranks. I see knotheads and jackasses. And worse. Maybe much worse. But even these idiots are going to backstop all the deposits even if they wait longer than they should and cause the crackup anyway. So, We may actually be, ah, f—-d here. As for the comments re the Great Depression? For many, it started in the twenties. Farm women I interviewed who lived through it as children remembered that farm prices cratered in the early 1920s and just kept going down. Wheat went to 35 cents a bushel and eggs to eight cents a dozen, for example. And they told me that later on, FDR made things a lot worse. Easy credit for farm loans that then became unpayable made things worse too. Those women are gone now, but I remember for them and some of them left diaries that make quite poignant reading.
I am as prepared as I ever have been. My mother passed yesterday, joining her 11 siblings in an unbroken circle.
The Saints are marching in. We know what is next.[spoiler title=” “]
Sorry for you loss, how lucky you were to have her for so long.
Jesus! I’m sorry for your loss. I’m sitting here this very moment waiting for the exact same thing to happen to me.
My heartfelt condolences, Ghost!
Be Strong and Proud, Ghost.
So sorry to hear this news, Maggie, but you know it was a glorious day for the reunion. You were a good daughter to her.
“president poopy pants is going to make a speech Mon.morning……….folks ,we have entered into a full blown DICTATORSHIP!!Just don’t expect anybody else to point that out to you……..all their hype about DJT and creeping authoritarianism….squirrel!!!!…………..
The SVB news has solved my depression problem better than any Big Pharma poison ever could.
The Business Plot in 1933, an alleged political conspiracy to overthrow the government, was purely coincidental.
YES, MONETARY POLICY DID CAUSE THE GREAT DEPRESSION
By: Scott Sumner
“During the 1930s, almost no one believed that the Fed caused the Great Depression. After a path breaking study of Milton Friedman and Anna Schwartz, published in 1963, the economics profession gradually changed its view.
By 2002, even a top Fed official like Ben Bernanke conceded to Friedman:
Let me end my talk by abusing slightly my status as an official representative of the Federal Reserve. I would like to say to Milton and Anna: Regarding the Great Depression. You’re right, we did it. We’re very sorry. But thanks to you, we won’t do it again”.
LIARS…LIARS…PANTS OF FIRE!
Via a Wall street trader who was there during the crash and was also the son-in-law of the Bolshevik asset serving as US president , Franklin D Roosevelt.
https://archive.org/details/DallCurtisB.FranklinDelanoRooseveltFDRMyExploitedFatherInLaw1970
For six years the stock market and other markets had been rising.
Huge profits had been parlayed from modest Starts by many people. Much of it was on paper. Most all the market prognosticators were still bullish and advised the market was a “buy” on important reactions. Roger Babson, a well-known investment counselor, had been continually sounding a note of caution, that Stocks were a “sale” on strong points. Of course, he had been wrong for a long while, but on October 24, 1929, he was more than right.
On one or two previous occasions the Panic had nearly started. Perhaps the stock market had been probed by powerful forces. Perhaps some foreign interests were getting out, first, those who sought and planned the downward readjustment of prices for profit.
ln any event, on October 24, 1929, the real crash started!
By late morning on the New York Stock Exchange, the tape was hopelessly behind the market. “Floor
prices” in leading Stocks had to be flashed to the tape direct from the specialists’ posts. In many cases, the floor prices were “points” under last-sale prices appearing on the tape throughout the country. This fact in itself created fear and much uncertainty, adding impetus to the recurring stock-selling waves.
Around noon, as I maneuvered through the mob scene there, ugly rumors began to be whispered about the folding of “this house” and “that house”, such as Doak & Company! ……………………
As I recall it, Sir Winston Churchill appeared about 2:15 in the Visitor’s Gallery as a “spectator”. He was
here in this country, allegedly, on what was blandly described by him as a Lecture Tour. No one on the Stock Exchange Floor, however, paid the slightest attention to him, but he got an eye full. Perhaps he had lunched with Mr. Baruch. Perhaps he had been invited to see “the show” which some feel was planned several months previously.
The Panic was raging in full force. It was indeed a show!
In September, came another “flurry” in the stock market, and then in October, “the real McCoy”!
ln reviewing the crash of ’29, 1 have often wondered if the reported meeting of those very influential
financial leaders assembled in Europe in July and August, had a direct bearing on the October opening of the “Financial Grouse Shooting Season” on Main Street, U.S.A.l I think so.
Sir Winston attended both planned “openings” that summer and fall and his observations on the latter event would have been especially interesting to many of us, perhaps quite enlightening.
Of course, it would be most important for us to learn who called the “play” of October 24, 1929. Probably the actual date was accidental, though the month was evidently selected for the sudden withdrawal of the normal supply of credit. My guess is that “the signal” came from abroad. Obviously, much informed selling and short-selling of Stocks came before the actual Crash itself, as well as after it, on rallies. The feeling around the Street, in succeeding months, was that there were, in particular, three large short-sellers of stock, allegedly, Tom Bragg, Ben Smith, and Joe Kennedy.
Tom Bragg was just a name to me. I knew Ben Smith and saw him most every business day on the Floor.
Joe Kennedy, hailing from Boston, was a man whom I later met briefly at a Democratic gathering.
Reportedly, he was politically important active in the Boston area, and described by some as a
smooth-appearing, but very “rough” politician. I gathered that he had slightly annoyed Louis Howe and FDR by being fairly slow to come into their personal political picture. But, he did contribute generously, Louis said to me in due course. Perhaps that delay was for a good reason. Ponder this:
If the all-powerful European- American money-power group decided that the time was right for them to tear down the price structure of Stocks hither and yon, for a real worthwhile profit, a real “shearing”, as it were, and to eliminate President Herbert Hoover in so doing, they would not dare to
pick a Rothschild, a Sasoon, a Warburg, a Sieff, a Morgan, a Monteflore, a Schiff, or a Whitney to wield “the clippers.” That not so delicate task, on the down side, must be handled by others, by a front detached, but nevertheless quite reliable. Therefore, what better front could be provided for their extensive stock operations on the short side than whistle up some “acceptable”, aggressive Irishmen to be aided by others in leading the shearing of the public?
Be that as it may, the Operation was carried out with ruthless finesse and vigor. The destruction was
enormous !
But these are no idiots repeating bad ideas and policies. It’s part of a millenia old plan at world conquest. Many families involved over that time.
The thieves will be protected and bailed out, we the people will be left to suffer and starve. Americans need to band together, and people need to repo the bankers wealth and the Feds.
Excellent summary.
Skips the 1913 travesty that put fucking greedy bastards in control of money, but otherwise a great summary.
Bankrunning could become a new sport. Then the translenders will demand equity in borrowing distribution, forcing gubmint agencies to equitably distribute gubmint guarantees of free shit to all lenders especially translenders while secretly agreeing to steal from the citizenry as all Tyrants do until killed.
March 13 could be interesting.
[youtube
Of course, I wouldn’t be surprised to learn that some of the CBS grads work under Powell now.Also, funny that I don’t see much about Powell in the news.
It really comes down to how many productive workers do we have and how many parasites are supported by the productive workers? Simple as that.
“It really comes down to how many productive workers do we have and how many parasites are supported by the productive workers?”
Seriously?
Seriously. Outnumbered.
How do you start a bank run? Memes. And Emotional reporting….
Sounds like gas lighting to me, BO.
Do people really think Paying $20,000 a year in Taxes and then running to withdraw $1000 on a Sunday is winning? Crypto is the thing to watch here. Stable coins, USDC and Binance are the targets here. Not your savings…..yet.
Bitcoin to $6.000.00, then back up after May.
Gold has been stable, in terms of purchasing power, for millennia . . . and cannot be faked into existence.
I vote this wise No Name for top poster of this thread!
I just don’t know who he/she/them/they/thou/bow wow really is…
Snarky marky
There was a recent story about adulterated gold ingots-they look legit on the outside but have metals like lead and silver underneath the gold patina on the surface. Who would’ve thunk it?
It is very easy to assay anything you buy. Once you’re used to real gold and silver. You know if it is legit just by holding it and tapping it. Avoid off gassing gold painted lead.
You failed to mention how much income the person with the 20K tax bill has, but it sounds to me like pulling out 1 K wouldn’t be anything other than a routine transaction for someone in that position.
And here’s the point…IF the money were actually there, there would be no need to panic, would there?
That is the idiot who makes $42,000/per year.
3k Property tax.
10K Payroll tax
plus gas tax and sales tax , gov’t fees…. etc.
Here we also have to pay tax on insurance.
People are soo raped and don’t even have a clue.
Kinda sounds like “the idiot” didn’t know the rules.
Rule #1 of running your own business?
Pay yourself FIRST.
The Idiot is an Underwater Basket Weaving Woketard getting use of their degree at McDonalds as a “People Manager”. Yearly Wage $43,422/Year.
This person even if they can withdraw $1000, on Sunday or Monday, is not “winning”. lol
Because of the “demeaning” labor, or because 42K isn’t enough for a year of flipping burgers? Because I never made that much in one year my entire life…doing skilled and highly skilled labor And I’m willing to bet I’m not the only one here who can say that.
Don’t forget excise taxes on things like tires, arrows, and telephone service, among hundreds of of other items. Plus, fees are just another word for taxes, other than there is a small bit of legal difference that allows the bureaucracy to tack a fee on damn near anything without a vote of the people or their representatives. Fuk ’em to hell.
Zerohedge is possibly owned by the Bolsheviks who to this day control world financial markets. Fink and the rest is doing just that in Ukraine by crashing bonds then buying at $.30 on dollar. with American Build back better taxpayer (ie your) money. Maybe same thing here – can’t wait to see which big investment bank buys SIVB from Fed at $.20 on dollar.
ZH bows to censorship. What else is there to know?
“How do you start a bank run?”
By choking it.
Slap it on the ass and ask it where your sammich is.
The bailouts will.happen just to save the Jews.
very, very politely: Take an enema, Iggy!
You know you love ’em.
Oy vey meshugganah ,told you so.
They(VC) caused the run on SVB directly. There was no good reason for them to panic but they did- or it was planned.
Same people at the bank were involved in some 2008 bank failures- imagine that. They must be specialists in bank failures.
Definitely not a ” bail out” …reeeeee
Silicon Valley Bank employees received annual bonuses hours before government takeover
The payments were for work done in 2022 and had been in process days before the bank’s collapse, according to people with knowledge of the payments.
https://www.nbcnews.com/news/us-news/silicon-valley-bank-employees-received-annual-bonuses-hours-government-rcna74508
Gonna’ need a bigger corporate welfare dump.
https://subsidytracker.goodjobsfirst.org/parent/svb-financial
Silicon Valley Bank employees received annual bonuses hours before government takeover
The payments were for work done in 2022 and had been in process days before the bank’s collapse, according to people with knowledge of the payments.
Of course they were.
Around 23 Feb the top mgmt was unloading their stock in a big way. Hmmmm, did they know something…?
and the CEO, Greg Becker, sold off $3.6 million a couple of weeks prior to the bank going under.
We need some more names who jumped the sinking ship.
Some reports have Becker exercising options to acquire shares immediately before his “pre-planned” sales. See, it’s all legit, wink, wink. Plus, he was such a hard worker right up to the point the feds shut him down. Time to start searching for Becker’s political contributions, just to round out the investigation into his being such an all around good guy.
Its not a bail out, we will protect the asset owners = the bankers who own the money you put in their bank. YOU, the small peon, will never see your money again unless you get it out today. If you try to cash out, won’t happen, the feds will slam the doors on you like they have done so in other countries, like Venezuela.
IMO, buy some real assets. Buy prepper supplies, buy a chunk of land, a few bars of gold or silver. If you think anything in the money markets, stocks, bonds, 401’s, rrsp’s etc, are safe… you might want to reconsider that, its all going down so they can introduce, for your financial safety, the CBDC.
And the number one financial hedge is abolishing the state.
It’s called a “bail in”and your right the depositers get screwed.
They essentially PAY(literally)the banks gambling debts!!….
Ha,fify…….
People crying to the camera when they should be mad as HELL!!!!
They want bank runs to force a collapse and a gooberment digital currency/surveillance and control system on US.
It’s always about the bigger picture or end game.
It is a World wide game.
The freedom to move around will be controlled by one’s credit score on an app on a phone such as now in use in China. People will steal phones so the app will then be injected into their hands. People can cut off someone’s hands so the app will be injected into their foreheads. The non-human human.
It will be why they are completely annihilated at Armageddon by THE WORD, the blood as high as a bridle on a horse, to be eaten by the vultures. Just like the total destruction of mankind with the flood except for a few Grace saved Jews.
Glad I’m going to miss it, looking forward to the horse ride back with The KING Of KINGS. Maybe Jesus will send around Thomas Jackson to say “mount up boys, its showtime”.
…One Place where doing something ‘Harder’ Will Pay Great Dividends.
Read The Bible, Harder.
“except for a few Grace saved Jews.”
https://www.zerohedge.com/markets/fatal-distraction-senior-svb-risk-manager-oversaw-woke-lgbt-programs
‘No man can serve two masters: for either he will hate the one, and love the other; or else he will hold to the one, and despise the other. Ye cannot serve God and mammon.’
Matthew 6:24
All that needs to be added is something to do with Ukraine.
And maybe a little climate change and pedophilia.
Ginger Snap,
As I said to the Manager of my local Tractor Supply store after telling her I’m gone over them sponsoring perverted Family Drag Queen Hours…GO WOKE…GO BROKE.
Is there any problem that cannot be started by the government and made worse by its actions?
AIDS could be the poster child in support of your statement.
What if there were a financial depression and no one but free markets intervened?
.
MORE:
https://www.lewrockwell.com/?s=1921+depression
.
How Government Inaction Ended the Depression of 1921
https://mises.org/library/how-government-inaction-ended-depression-1921
.
Trump Can Ensure a V-shaped Economic Recovery by Heeding the Lessons of 1921
https://mises.org/wire/trump-can-ensure-v-shaped-economic-recovery-heeding-lessons-1921
.
MORE from the Mises Institute on the forgotten depression of 1921 and its resolution by market (and not by .gov, which prolonged and worsened the later Great Depression):
https://mises.org/search-mises?search=1921%20depression
Hmmm…good chit mun…
Muchas Garcías.
And of course, it’s been kept secret, because it negates the narrative that markets caused depression and the state fixed it. The opposite is true.
Price discovery is thwarted by moral hazard. Genuine free markets with no artifice prevent this. Abolish the state, and central banking.
NO NAME FOR PRESIDENT!
Fuck Alec Baldwin, the killer of an innocent woman.
Well lets ratchet up the fear, Fear, FEAR. Hopefully your money has been protected with a Vaccine.
Tis protected by attitude along with lead and brass.
While a part of me realizes will be a horror show another part of me wants a real crash/wake up to happen,sick of the slow burn bullshit,lets get it on and deal with the consequences and then move on(if we survive).
I do not believe the reset/digital coin ect. will happen though do admit will not be for a lack of trying,tis up to people world wide to say”Fuck That Noise” and actually fight.
Hope to see all on the other side for a beer ect.
I’ll be there.
I’m seeing these articles and videos talking about a bank run all over the place. When you see that all over the newspapers, cable news, youtube and social media, that should tell you that their agenda is to cause widespread panic and to initiate a bank run.
Great episode! It’s burned forever into my synapses.
“Gentlemen! There’s a solution here that you’re not seeing…”
Priceless!
This is just how it’ll go go down, too.
The FlendMark is fucked!
I think I am going to pick up a couple of hundred dollars from the ATM today.
They’re prepping us for CBDCs and UBI. Then, they’ll be able to dictate compliance in return for food and fuel.
Been doing that for months.
“The hope is that setting up such a vehicle would reassure depositors and help contain any panic, said the people.”
Back to our hopey-changy world.
Par to the course is that they will bail them out and say they did not even though they celebrate the signing of the bill in public. While sayin this is not a bail out it is a: insert stupid name here.
The Safe Guarding the American Publics Financial Futures Vehicle
Or the
Financial Unification and Collaboration – Utopia Bill, the FUC-U Bill
Protecting Freedom with Establishment of a Central Bank Digital Currency.
They always use the same code word. ” During this ” transition ”
No matter if its supply chain / ports backed up , or green new deal stuff = energy shortage and now the money flows.
TRANSITION – means ‘ Reset ‘
or the latest sexual confusion frolic at the Whyte House, Eff-Bee-Eye, or Pentagram.
Everything is fake, gay and broken.
I always feel like puking when seeing a picture of any of the women running the EU; today saw a tv appearance of a very haggard looking jewish broad named Janet and had the same feeling of nausea.
I got two of those hats he’s wearing!
I have been occasionally following him a long time…he has some interesting takes and often exposes market rigging with hard evidence and names names.
The Feds are producing G/S American Eagles like gangbusters but not releasing them for sale to the public…hmmm…
With this Government? I would be HIGHLY suspicious of anything minted today. Wouldn’t surprise me if they started selling gold plated tungsten as “gold coins”. The Romans did it with the silver Denarius, cutting the silver with lead until the coinage was entirely worthless from a metallic content perspective.
I can’t prove it, but I bet they are low level radioactive. No one would suspect. Burning a hole in your pocket has a whole new meaning….
It’s a moot point. They’re all in on CBDC. The Sword of Damacles hovers over us all.
[youtube
I’m not saying this caused TPTB to go scorched earth , but the timing is …????
JP Morgan ordered by courts to turn over records related to Epstien didn’t kill himself.
A comment above joked that US could get a bailout from IMF.
Not as far fetched at it seems. We have seen in the past where 3rd world nations got debt forgiven. Usually in exchange for what ? NATURAL RESOURCES.
Read some time back not just US land but The Great Lakes fresh water supply is a prime choice for ‘ collateral ‘.
There have been stories (rumors?) for decades that the Chinese had an under-the-table agreement where all their US Treasury Bonds were backed with logging and mineral rights on public lands and National Parks.
Probably co-signed by Jimmy Peanut.
Crisis Update – Bank Runs As Pretext For Financial Lockdown
Covid was a monetary crisis – 3rd anniversary mustn’t distract from present playbook
https://moneycircus.substack.com/p/crisis-update-bank-runs-as-pretext
Sounds familiar.
Remember how the ‘ green cult ‘ was sooo happy during C-19 lockdown ?
They were saying ‘ Look , the air is cleaner with no traffic on the roads ‘
( Soon they’ll say – The banks failed because muh climate change )
How much CO2 is generated every time the Fed prints another billion?
“In the autumn of 2019 banks stopped lending to each other due to a lack of trust. That froze the securities repurchase, or repo, market, by which banks lodge money with each other overnight.”
Yep. Three years ago I started a folder on my computer with covid related links and files. I named it “Covid Fiscal Crisis”.
For the last 50 years, the massive dollar creation has been hidden by effectively exporting most of our price inflation overseas. The developing 3rd world needed dollars so much of what was created to enrich our Political/Financial/Treason class went overseas and prices stayed stable here. (Especially stuff made overseas with slave wages.) That game is ending and the rest of the world is starting to shun all those dollars. What to do? How to remain able to create trillions in counterfeit money without We The People seeing massive inflation? Easy! Kill off a few million (or more) Americans. All those stocks, bonds, empty homes, unused pension funds, etc., get dumped onto the market. We get high supplies, reduced demands — the result SHOULD be deflation. But it might not… Not if the Greedy Evil Bastards crank up the money creation enough. THEY get rich. The deflation gets canceled out so prices still look stable. And the Greedy Bastards can use all that new, cheap money to buy up the surplus property and estate sales.
Before financial derivatives became a way of life the fed funds market was where banks in need of overnight funds to meet daily reserve requirements would go (the funding source is other banks, not the government). Overnight loans of course come with interest charges. And every once in a while the interest on fed funds would bounce around to uncomfortable highs, but a banker would do what he had to do, because the last alternative could be real uncomfortable, especially if used more than very, very infrequently. The lender of last resort used to be the Fed’s discount window, where the funds were government money, not money from other banks as is with fed funds borrowing. A sure way for any bank to be noticed is to line up at the discount window, which is equivalent to a respected mayor being seen late at night coming out of a whorehouse.
In our world of financial derivatives the repo market has provided relief to wayward banks, but at a price that at times can be painful. The upshot: every time there is another financial crisis there are newly engineered “solutions” that carry us until the next crisis. The keyboard money that the fed has put into the repo market since late September, 2019 is staggering. Regardless the level of understanding (or not) of all the new “instruments” and “facilities” it is plain to see that the cancer runs deep in America’s financial system.
Friday March 13, 2020 was the day people were trying to steal meat out of other carts at Kroger. Meat case was completely empty, as were a lot of the shelves.
Pepe Escobar linked to this:
Of course George Carlin was right again.
” Now they want your retirement money BACK ”
Janet Yellen…the Jim Kramer of financial advice.
She probably was Timothy Geitner’s first fuck.
Just watch. The markets will be down long enough for the institutional investors to cover their large short positions. Then a stick save will appear in the form of private sector equity coming in to buy SVB, recapitalize it, and cherry pick the good banking relationships it has with promising start-ups. The details will be finalized and announced just after the short positions are covered and the institutional investors have added their long positions. Then it’s a 2%-4% up day on the markets. Rinse and repeat in the future.
My inlaws told me they went to two different ATM’s yesterday and couldn’t get any money out. (KaD)
So here’s the bottom line: More than a lot of start up companies have huge chunks of uninsured operating cash on deposit at SVB. Plus other companies. Most need access to their funds to make payroll-some as early as March 10 and many on March 15. Failing to make payroll gets noticed real quickly by a lot of people, especially the employees. Take a guess at how many employees of start up companies vote liberal and contribute to liberal causes and candidates.
One thing for sure, all stops will be pulled out to keep the SVB fiasco from hurting liberal causes, much unlike the Federal stonewall of what happened in East Palestine where voters are more conservative.
Follow the money and follow the votes.
“Take a guess at how many employees of start up companies vote liberal and contribute to liberal causes and candidates.”
Grandma Yellen should have retired before now. These old people that are at the top are suffering from dementia.
plus having chronic mental issues of socialism and Communism.
Worse than that is taking a look at the younger people they have sitting on the bench.
Rock, meet hard place.
Demonic oppression and possession as well.
Panic is what happens when you don’t get your world war as cover for how fucked your banking system is.
Looks like they are now going full bailout panic mode…
https://www.dailymail.co.uk/news/article-11851461/amp/Federal-Reserve-announces-depositors-Silicon-Valley-Bank-protected.html
https://www.marketwatch.com/articles/signature-bank-closed-svb-aedacb42?mod=mw_latestnews
https://www.thestreet.com/technology/svb-collapse-all-depositors-will-get-their-money-regulators-say
Note that several executives of SVB made substantial stock sales in the days before the closure…
As said above, the CEO exercised stock options immediately before he sold.
How did this happen?
D.I.E.
But at least there’s no risk of contagion, right?
Uh Oh.
26.4% of all finance professionals are women. Thus the probability of having all 4 people on an investment committee be female in a purely random stochastic world is 0.5%.
For reals look at their last names.
1. Talking Tons
2. Fire and Brimstone
3. Sack O Cia
4. Herring Town
#3 looks like Webb Hubbel’s bastard daughter, the owner of Socks back in Little Rock.
Looks like things might be getting spicy in financeistan.
…Grass-Roots ‘movement’! 🤣🤣🤣
https://www.archives.gov/exhibits/featured-documents/amendment-19
ALL The WAY, To…
Isaiah 3:12 “[As for] my people, children [are] their oppressors, and women rule over them. O my people, they which lead thee cause [thee] to err, and destroy the way of thy paths.”
“Children … women”. Children and women were considered ill-suited for governmental leadership so they figuratively depicted the incompetent rulers.
This is not speaking in a factual sense, (Actually? It Is) but is saying the rulers will behave as children and will be effeminate. These rulers did not have the characteristics of strong rulers, but acted as women and children. The blind leading the blind is what has gotten them into trouble.
In our day, the Scripture above could be taken literally. Women should not rule over their husbands in the flesh; in their homes. The father should be the head of the house. Children should not be able to oppress their parents either, but both things are happening in our society.”
Opposing bailouts is anti-Semitic.
All depositors will be “made whole” even those greater that $250,000. 2008 Part 2.
https://www.dailymail.co.uk/news/article-11851461/amp/Federal-Reserve-announces-depositors-Silicon-Valley-Bank-protected.html
Now ask what those (((depositors))) are that makes to US government decide to make them whole, when anybody else would be left to twist in the wind.
Wow, song released in 1965-my college freshman year. In those days a guy could be drafted into the army at age 18 but could not vote until age 21. Of course the IRS didn’t care how old you were if you had taxable income. The utter corruption of our government makes it doubtful we will make it to even 2030.
I would rather my dad point a .45 at my head than for my lotto number to have been drawn. #121 with the patriots taking up to #69 that roll of the dice. Just not in God’s plan for me.
My income then was well below the “poverty level”.
Bank bail outs announced today before the open on Monday, tomorrow.
“Prevents More Bank Runs”
When ALL the politicians and their puppet-masters, globally, ARE RUNNING.
FOR THEIR Lives.
HOW it Will ACTUALLY END?
1 Thessalonians 5:3
“For when they shall say, Peace and safety; then sudden destruction cometh upon them, as travail upon a woman with child; and they shall not escape.”
Matthew 24:22 Context
19And woe unto them that are with child, and to them that give suck in those days! 20But pray ye that your flight be not in the winter, neither on the sabbath day: 21For then shall be great tribulation, such as was not since the beginning of the world to this time, no, nor ever shall be. An22d except those days should be shortened, there should no flesh be saved: but for the elect’s sake those days shall be shortened. 23Then if any man shall say unto you, Lo, here is Christ, or there; believe it not. 24For there shall arise false Christs, and false prophets, and shall shew great signs and wonders; insomuch that, if it were possible, they shall deceive the very elect. 25Behold, I have told you before.
Revelation 6:16
“And said to the mountains and rocks, Fall on us, and hide us from the face of him that sitteth on the throne, and from the wrath of the Lamb:”
The Pun: https://www.rogerebert.com/reviews/marathon-man-1976
Revelation 2:9 “I know thy works, and tribulation, and poverty, (but thou art rich) and [I know] the blasphemy of them which say they are Jews, and are not, but [are] the synagogue of Satan.”
Revelation 3:9 “Behold, I will make them of the synagogue of Satan, which say they are Jews, and are not, but do lie; behold, I will make them to come and worship before thy feet, and to know that I have loved thee.”
Their “Natural Selection” Leader:
John 8:44 “Ye are of your father the devil, and the lusts of your father ye will do. He was a murderer from the beginning, and abode not in the truth, because there is no truth in him. When he speaketh a lie, he speaketh of his own: for he is a liar, and the father of it.”
Sincerely, *a contraction of
it will.
Same as it EVER was.
All Beth Biblical?
1:9 The thing that hath been, it [is that] which shall be; and that which is done [is] that which shall be done: and [there is] no new [thing] under the sun.
ALL investors made ‘whole’ = FED is lender of last resort.
Your tall coffee without cream will be $ 175 . 00 bucks , please.
ATTENTION : The terms ‘ gain of function ‘ ‘ Fauci ‘ ‘ Pfizer ‘ and ” Directed Virus Evolution ” , have been replaced by : BANK RUNS
This has been a public service announcement by the Ministry of – Look Squirrel !
If this doesn’t wake people up nothing will.
And our parents told us TV would rot our brains. Guess they never heard of predictive programming?
” The woods are lovely dark and deep , and I have miles to go before I sleep ”
Movie – Telefon’ ( MK Ultra )
I think it was the mosquito sprayer actually.
Bank lobbies will be better entertainment than Waffle House this week.
Nothing will. 🙂
Now that Biden has approved an art of a deal himself with the Willow oil project we are “saved”. I bet someone will at least get a paycheck out of this.
Golly, is history repeating itself once again? I wonder how this latest insanity will be rewritten.
” I wonder how this latest insanity will be rewritten.”
…and it’s gonna continue, All the way to…
KIKE yodayellin is lying thru her jewfangs !
We have become a nation addicted to moral hazards. So long as people are rewarded for doing the wrong things, they will continue to do so.