Banking failure

[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....

[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) . . . .

[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]

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

[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?

[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

[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?

[biglentil]

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

[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 ?

[TASFarms]

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

[errolanderson]

Appears official . . . It’s a Fed bailout!

That goodness for manipulation. Bitcoin rallying, gold rallying, stock futures surge. Thank goodness, this crisis is averted.

Annoying problem for The Fed though . . . true economics always rules.

[fjlip]

So they lent out WAY the phuck more than they had on deposit...what happens to the outstanding LOANS?

[shtferbrains]

Anybody here a Gold Bull?

[TOM4CWB]

Systematic risk in crypto currency liquidity is being analyzed … US Fed is quandary on duty interest rate increases… extreme action to stop contagion…



“Move fast and Break Things “ has been the Tech Industry Mantra. .. the US Fed has been caught in the current of destabilizing Conventional protocols…






Drop in US Dollar…likely…. no change in Japanese Yen policy… Japanese Yen likely to strengthen to 120…

Negative Yields are back in Japanese system

Cheers

[shtferbrains]

Crypto dependant?