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Mar 18, 2023 | 10:18
91
They wont let it fail, trust me. They will inject another $30tn in if they have to.
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Mar 18, 2023 | 11:53
92
Credit Suisse is like a boat with holes in it. It gets patched up every four years or so. I think they’ve learned to hang on the teat and get free money every few years. Overly simplistic, I know but I’ve heard this song several times before.
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Mar 18, 2023 | 15:10
93
Bailing out the financial sector is highly inflationary all while inflation is already a massive issue.
Last edited by biglentil; Mar 18, 2023 at 16:10.
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Mar 18, 2023 | 21:38
95
Wall Street Journal suggests 186 banks now in the same boat as SVB and Signature Bank. Panic has set in. Each day matters.
Central bankers continue to tighten into a credit crisis. And the Fed plans to hike rates next week, absolutely insane . . . .
Last edited by errolanderson; Mar 19, 2023 at 06:21.
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Mar 18, 2023 | 22:03
96
Warren Buffet would not have been asked to provide advice to the banks that went broke.
Not in any way a woke type investor.
Where would he even start?
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Mar 18, 2023 | 22:15
97
I posted this video from a FDIC meeting a few months ago in Rural issues. Its just a few minutes have a listen.
Last edited by biglentil; Mar 19, 2023 at 04:12.
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Mar 19, 2023 | 08:01
98
 Originally Posted by shtferbrains
Warren Buffet would not have been asked to provide advice to the banks that went broke.
Not in any way a woke type investor.
Where would he even start?
Buffett backstopped some banks back in the 2008 crisis and got paid very handsomely for doing it.
Imagine he is doing the same for a handful of regional banks right now. JPM and others taking on another group. Other raiders in the mix.
But more so, his folksy midwestern charm instills confidence in a sector that has none right now. Optics
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Mar 19, 2023 | 08:33
99
Originally Posted by jazz
Buffett backstopped some banks back in the 2008 crisis and got paid very handsomely for doing it.
Imagine he is doing the same for a handful of regional banks right now. JPM and others taking on another group. Other raiders in the mix.
But more so, his folksy midwestern charm instills confidence in a sector that has none right now. Optics
Jim Cramer put out the buy call on SVG on his show one month prior to the SVG failure. Just enough time for those privy enough to the plan to dump shares and liquidate holdings. Warren Buffetts appearance on the scene, you are right optics.
Last edited by biglentil; Mar 19, 2023 at 09:13.
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Mar 19, 2023 | 16:40
100
Will the credit unions gain $ in investments with the questionable banking environment?
100k guaranteed investment for a big 5 bank account.
Apparently unlimited at Credit Union?
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Mar 20, 2023 | 19:42
101
US Fed dumps more currency into banks than 2008 crisis:
The US Fed May be forced to pause interest rate hikes… “for now “
Gold over $2000….
ATB and Alberta Credit Union deposits are 100% Alberta Government backed… I was reading other provincial governments have different Credit Union backing levels… some at $250,000.
Cheers
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Mar 21, 2023 | 04:28
102
The London Metal exchange had rocks in inventory instead of Nickel, but the gold inventory at Fort Knox that has not been audited since 1950 is still in Fort Knox.
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Mar 21, 2023 | 06:35
103
When 4 banks fail it’s a financial crisis. But it’s not
Inflation is just transitory.
Bank bail out is not a bail out. Is QE 5 going to cause more inflation?
Every bank in NorthAmerica is planning on lots of loan defaults.
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Mar 21, 2023 | 07:12
104
Originally Posted by TOM4CWB
US Fed dumps more currency into banks than 2008 crisis:
The US Fed May be forced to pause interest rate hikes… “for now “
Gold over $2000….
ATB and Alberta Credit Union deposits are 100% Alberta Government backed… I was reading other provincial governments have different Credit Union backing levels… some at $250,000.
Cheers
Our Credit Union still can't find the $500,000.00 that vanished from our local RM account and the Ins. company refuses to cover the loss. With crap like that and a world FULL of junk bonds no wonder some people still use cream cans.
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Mar 21, 2023 | 14:42
105
Originally Posted by Old Cowzilla
Our Credit Union still can't find the $500,000.00 that vanished from our local RM account and the Ins. company refuses to cover the loss. With crap like that and a world FULL of junk bonds no wonder some people still use cream cans.
Is this true ??
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Mar 21, 2023 | 17:41
106
Originally Posted by caseih
Is this true ??
Yes RM of WESTLAKE-GLADSTONE It was in the news another RM to the northwest of us lost funds also through a Credit Union account but I do not know of the details. Maybe just strange coincidence.
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Mar 21, 2023 | 20:08
107
I did read some of the long winded article, cyberattack during Christmas break with 47 different withdrawals around 10 thousand each, it took counsel 9 months to report it to the ratepayers, sounds like an inside job to me.
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Mar 21, 2023 | 20:21
108
I think it happened in Saskatchewan as well. The one in Saskatchewan was related to the payroll account.
City of Saskatoon had a problem with accounts payable. They had an email come asking to change the payment instructions for a major contractor. $1.5 million there.
It comes down to an administration ****up.
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Mar 23, 2023 | 10:06
109
Media Release: The recent collapse of Silicon Valley Bank has brought regional banks in the U.S. into turmoil and has threatened one of Canada’s biggest bank mergers. TD Bank agreed to buy Tennessee-based First Horizon Bank in late 2022 for US$13.4 billion, but its stock has sunk more than 20% since SVB’s failure. As The Globe and Mail reports, this has complicated the deal in several ways, affecting the potential regulatory framework and opening the possibility of renegotiating the agreement.
Weren't we just assured that Cdn banks had little exposure to SVB fallout?
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Mar 23, 2023 | 11:58
110
Originally Posted by errolanderson
Media Release: The recent collapse of Silicon Valley Bank has brought regional banks in the U.S. into turmoil and has threatened one of Canada’s biggest bank mergers. TD Bank agreed to buy Tennessee-based First Horizon Bank in late 2022 for US$13.4 billion, but its stock has sunk more than 20% since SVB’s failure. As The Globe and Mail reports, this has complicated the deal in several ways, affecting the potential regulatory framework and opening the possibility of renegotiating the agreement.
Weren't we just assured that Cdn banks had little exposure to SVB fallout?
I have no sympathy for TD. They are the first pushing the digital currency bullshit. Let them tumble.
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Mar 25, 2023 | 22:16
111
In 2008 the great financial crash began 6 months after Bear Sterns failed. Now that SVG set off the dominoes I dont think we have to wait 6months this time around.
 
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Mar 25, 2023 | 22:29
112
Elon has more to lose than anyone on the planet
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Mar 26, 2023 | 01:23
113
Originally Posted by errolanderson
Media Release: The recent collapse of Silicon Valley Bank has brought regional banks in the U.S. into turmoil and has threatened one of Canada’s biggest bank mergers. TD Bank agreed to buy Tennessee-based First Horizon Bank in late 2022 for US$13.4 billion, but its stock has sunk more than 20% since SVB’s failure. As The Globe and Mail reports, this has complicated the deal in several ways, affecting the potential regulatory framework and opening the possibility of renegotiating the agreement.
Weren't we just assured that Cdn banks had little exposure to SVB fallout?
You have to think of this way. What the govt is saying isn’t going to happen is probably going to.
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Mar 26, 2023 | 11:11
115
At some point the brics currency will be launched. It will be backed by Russian and Saudi oil, Russian commodities (including ag commodities) and gold and then greased by the yuan.
When that happens, the US will have no choice to repeg its paper to something as well. Same reason they are trying to go all electric as a hedge when the petro dollar buckles.
In that scenario, farmers, and Canada in general could see our net worth skyrocket as all valuations get reset.
We might see Macdons $53 canola yet. Flea Beatle will be the first farmer billionaire along with Gates. Maybe thats the reason we are seeing corporate farms with 8 figure debts these days. Sitting on cash deposits could be the worst decision.
Last edited by jazz; Mar 26, 2023 at 11:14.
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Mar 26, 2023 | 11:44
116
"Overly simple, but accurate explanation:
"Most of the world's oil is traded for dollars
That means every nation needs dollars to buy oil, regardless of who they buy from.
To get dollars, foreigners must work to create real goods and services to sell to the US.
US agencies and banks can pay for these goods by typing dollars into existence — at almost no cost.
This means that the United States gets some percentage of its imports and maybe 10% of the world's oil completely free of charge, every year.
That is an incredible deal for the US and a lot less good for everyone else."
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Mar 26, 2023 | 11:48
117
I don't see the USD getting replaced as the most popular world currency.
When people trade in the black market in Asia or Africa can't see them trusting rubles or yuan or anything backed by those governments.
Russia and China might trade back and forth with each on some agreed to currency, but if you want to move that money out of those countries you would be hooped.
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Mar 26, 2023 | 12:01
118
The Russian embargo by a relatively few countries is definitely going to bring more geopolitical prominence and probably expand the BRIC trading alliance.
Countries like Iran and N Korea seem to be benefitting.
Lots of rerouting and back door import/ export going on.
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Mar 26, 2023 | 12:11
119
Originally Posted by LEP
I don't see the USD getting replaced as the most popular world currency. .
Not replaced, it will be a parallel currency. The pound sterling is still in circulation and at one time it was used in the entire british empire. 6B people are not going to take marching orders from the other $2B and thats good for all of us.
If I gave you a currency backed by something real vs one that is not, which would you hold.
Last edited by jazz; Mar 26, 2023 at 12:15.
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Mar 26, 2023 | 12:48
120
But who will want to trade in Communist dollars? No one, US dollar is only safe trading currency.
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