Banking failure

[biglentil]

US FDIC shut down Silicon Valley…

They have 151$Billion in uninsured deposits… all the tech layoffs are coming home to roost…. Money not going in as fast as being withdrawn…

$250K limit on insured deposits… in the US…

CDIC in Canada… $100K! At Chartered Banks…

What insanity. Why isn’t the limit $1Million????

Land is worth 10x 2000 levels…. Combines and Tractors… close to the same….



Trust the Government????

Cheers

Tom I wrote about this a few months ago. Cdic only has assets on its books to insure about half a percent of all deposits on its books. It provides false sense of security that your money, which is infact not money at all is safe in these highly leveraged banks. None of this should be a surprise. I posted a video about a month ago of a fdic committee discussing the inevitable bank runs to come. Bail ins are next, buckle up.

Trudeau put 'bail in' legislation through in 2018. This is all scripted.

[TASFarms]

Tom I wrote about this a few months ago. Cdic only has assets on its books to insure about half a percent of all deposits on its books. It provides false sense of security that your money, which is infact not money at all is safe in these highly leveraged banks. None of this should be a surprise. I posted a video about a month ago of a fdic committee discussing the inevitable bank runs to come. Bail ins are next, buckle up.

Trudeau put 'bail in' legislation through in 2018. This is all scripted.

Harper had bail in on his budget.

[biglentil]

They will use the financial crisis as an excuse to usher in CBDC, UBI and digital id. Surest way to communism is destroying the wealth of the middle class.

[jazz]

What about cash in a corporate account, how much is insured.

[biglentil]

Harper had bail in on his budget.

Wouldn't surprise me Harper also cozy with WEF.

[biglentil]

Contagion rearing its ugly head. The only thing stable about stablecoin USDC $43 billion market cap is its name.

[TOM4CWB]

Bloomberg report on Canadian Bank effects:






Cheers

[errolanderson]

Friday, March 10, 2008 Bear Sterns crisis erupted. Sunday, March 12. 2008 Bear Sterns acquired by JP Morgan.

SVB collapses March 8, 2023, acquired by regulators. Who will purchase this week? Similarities uncanny. This fallout continues . . . .

LEHMAN BROS 2.0

[Old Cowzilla]

Investment in food production is starting to look better every day.

[biglentil]

In a world of HFT and derivatives things can get ugly quick. USDC has lost its peg since my last post. Could be nothing: