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Any of you ever heard of Silicon Valley Bank before this? Because I haven't. Just curious.
Don't see how. This doesn't impact inflation or the money supply at all.
Any of you ever heard of Silicon Valley Bank before this? Because I haven't. Just curious.
So if you happened to have had a short position in Silicon Valley Bank, you don't even need to cover?
Everyone here remembers '08 right? What a fucking huge mistake it was to bail out AIG and the banks? This is literally throwing gasoline on the fire. If you don't remember, prepare to get burned.
Any of you ever heard of Silicon Valley Bank before this? Because I haven't. Just curious.
Just wait until the Canary Islands landslide of the Swiss banks occurs.
HSBC buys Silicon Valley Bank UK for £1 in deal which 'protects customers and taxpayers'
The bank used by tech companies and start-ups has a balance sheet worth £8.8bn yet was bought by Europe's largest bank for £1.
Sometimes you just gotta print the money.
Our economy is run by a central bank.
NuttBoxer says
Our economy is run by a central bank.
All economies are run by central banks. There's nowhere to run.
It's easy to bankrupt the system. If every American purchased $50 worth of silver per year,
richwicks says
It's easy to bankrupt the system. If every American purchased $50 worth of silver per year,
It's not easy to make every American to purchase $50 worth of silver per year. Hence it's not easy to bankrupt the system. At least not in the way described.
some nation like Russia or China will do it in time.
richwicks says
some nation like Russia or China will do it in time.
Do what? Bankrupt their own system? Sure, Russia has already done it 2 times in 1 century.
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Oh yeah, and to once again blow away the bullshit about everyone being insured, read the article about how some depositors will have to pray dividend sales will someday return their deposits to them.
For some fun search bank run and see what some of the top images are.
https://www.zerohedge.com/markets/300-billion-reasons-why-svb-contagion-spreading-broader-banking-system