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Mar 11, 2023 | 19:01
31
There will be a bailout and they will sell it as a national security risk to our tech economy.
Book it. No way they let these banks go down.
If Ukraine can get $150b so can the tech unicorn economy.
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Mar 11, 2023 | 22:02
32
I’m a bit conflicted I hate bailouts but deposits should be safe, or at the least the limits should be higher. If no bailout (at least for depositors) every regional bank in US is at risk. It doesn’t seem right if you sell a combine in Iowa you could lose half your sale because a run. It depositors aren’t backstopped by Monday morning and you have more than 250k in a bank you simply must move it out. It is irresponsible not to. I’d hate to see the First National Bank of Iowa or some other farmer/small business bank fail due to a run just because they don’t have 100% cash for all deposits. There are many well run banks who have assets in a variety of securities that could not handle every dollar over 250k withdrawn monday morning.
Last edited by Grahamp; Mar 11, 2023 at 22:29.
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Mar 11, 2023 | 22:39
33
 Originally Posted by Grahamp
I’m a bit conflicted I hate bailouts but deposits should be safe, or at the least the limits should be higher. If no bailout (at least for depositors) every regional bank in US is at risk. It doesn’t seem right if you sell a combine in Iowa you could lose half your sale because a run. It depositors aren’t backstopped by Monday morning and you have more than 250k in a bank you simply must move it out. It is irresponsible not to. I’d hate to see the First National Bank of Iowa or some other farmer/small business bank fail due to a run just because they don’t have 100% cash for all deposits. There are many well run banks who have assets in a variety of securities that could not handle every dollar over 250k withdrawn monday morning.
For most of U.S. history, laws require banks to hold a reserve for all of the money on their books.
Banks, by law, were required to hold a minimum of 10% of their holdings in reserves so they can meet their obligations in case of an emergency.
They just got rid of that requirement on March 26, 2020.
Banks are no longer required to keep any percentage of their deposits in reserves.
Canada same zero reserve requirements.
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Mar 12, 2023 | 07:30
34
It ain't just SVB.
  
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Mar 12, 2023 | 13:27
35
This past week senate committee media question: Do you see any systemic risk to markets with the raise in rates?
Fed Chair Powell: No
I guess he couldn’t say yes . . . .
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Mar 12, 2023 | 14:00
36
Some say Powell is a clandestine white hat, fighting the deep state USD weaponization.
How does a bank like this go under in a day. Sounds more like it was a deep state hit job.
Last edited by jazz; Mar 12, 2023 at 14:03.
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Mar 12, 2023 | 16:20
37
Originally Posted by biglentil
For most of U.S. history, laws require banks to hold a reserve for all of the money on their books.
Banks, by law, were required to hold a minimum of 10% of their holdings in reserves so they can meet their obligations in case of an emergency.
They just got rid of that requirement on March 26, 2020.
Banks are no longer required to keep any percentage of their deposits in reserves.
Canada same zero reserve requirements.
Nearly everybody cheered for that nonsense in 2020. By dropping reserve requirements to zero, banks could essentially loan out their entire depositor base. In the short term, it boosted the economy by making all those deposits available for loans. Now we will find how how many are actually going to pay it back.
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Mar 12, 2023 | 16:51
38
Will The Fed panic AKA: pivot and cut rates next week?
Oh, how the cookie crumbles . . . .
Last edited by errolanderson; Mar 12, 2023 at 17:07.
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Mar 12, 2023 | 17:22
39
Signature Bank taken over by Regulators:
Apparently President Biden Administration will back and will cover ALL US uninsured Bank deposits
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Mar 12, 2023 | 17:28
40
US Fed was causing contagion by raising interest rates… so quickly…without matching deposits /liabilities at Banks… new bail out for US Banks now is in place.
Will be interesting to see what PM Trudeau does for Canadian Banking Sector….
Cheers
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Mar 12, 2023 | 17:43
41
Crypto dependant?
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Mar 12, 2023 | 17:49
42
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
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Mar 12, 2023 | 17:56
43
Anybody here a Gold Bull?
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Mar 12, 2023 | 18:05
44
So they lent out WAY the phuck more than they had on deposit...what happens to the outstanding LOANS?
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Mar 12, 2023 | 18:11
45
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.
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Mar 12, 2023 | 18:23
46
How do you get dollars out of krypto now silvergate is done?
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Mar 12, 2023 | 18:34
47
Originally Posted by biglentil
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 ?
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Mar 12, 2023 | 18:46
48
Breaking another one bites the dust. "We did it Joe, we did it!"
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Mar 12, 2023 | 18:53
49
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?
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Mar 12, 2023 | 18:56
50
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
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Mar 12, 2023 | 19:02
51
Originally Posted by 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?
Commodities?
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Mar 12, 2023 | 19:03
52
Apparently, New York Signature bank just went under in the past hour.
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Mar 12, 2023 | 19:11
53
Originally Posted by 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?
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.
Last edited by jazz; Mar 12, 2023 at 19:15.
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Mar 12, 2023 | 19:13
54
Originally Posted by jazz
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) . . . .
Last edited by errolanderson; Mar 12, 2023 at 21:47.
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Mar 12, 2023 | 19:39
55
Originally Posted by jazz
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....
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Mar 12, 2023 | 21:30
56
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
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Mar 13, 2023 | 06:16
57
Originally Posted by wiseguy
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
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Mar 13, 2023 | 08:09
58
HSBC just bought the UK arm of SVB for 1 British pound ($1.21 USD) in a last minute deal . . . .
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Mar 13, 2023 | 09:32
59
Originally Posted by TASFarms
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.
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Mar 13, 2023 | 09:35
60
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.
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