patrick.net

cisTits says

Booger says

The federal reserve will use this as an excuse to not raise rates, or at least only do a 25 basis point raise.

Don't see how. This doesn't impact inflation or the money supply at all.

It does if they have to print money to cover the shortfall when they sell those MBS's at a steep discount and have to print money to make up the difference. But really it's probably not that much in the grand scheme of things so really isn't inflationary much, I would think.

Besides that, if the federal reserve raised rates 75 basis points, as they should, they would be doing the right thing. As history shows us, the federal reserve rarely, if ever, does the right thing and is always looking for an excuse to not do the right thing.

We've been running the entire country on excessive amounts of debt, and the banks were only too willing to create more opportunities to meet the demand while the regulators look the other way. Bankers always get more and more greedy, and in the end they can't control themselves. That's what's behind the insanity known as derivatives, whereby 'loans' are created using other loans as collateral.

The only answer out of this mess will be a Weimar Republic type inflation. We all know how that all worked out, providing an opportunity for a 'strong man' to make things right. Unfortunately his plan included war, which ended up killing over 50 million people. That may be what's next. Gerald Celente often states: "When all else fails, they take us to war."

So if you happened to have had a short position in Silicon Valley Bank, you don't even need to cover?

Any of you ever heard of Silicon Valley Bank before this? Because I haven't. Just curious.

zzyzzx says

Any of you ever heard of Silicon Valley Bank before this? Because I haven't. Just curious.

Yes, I wasn’t impressed with their IT infrastructure.

https://www.cnbc.com/2023/03/13/goldman-sachs-no-longer-expects-the-fed-to-hike-rates-in-march.html

Goldman Sachs no longer expects the Fed to hike rates in March, cites stress on banking system

cisTits says

Don't see how. This doesn't impact inflation or the money supply at all.

Where do you think the money's coming from..?

https://www.cnbc.com/2023/03/12/stock-market-futures-open-to-close-news.html

Dow jumps 200 points as investors bet SVB shock will get the Fed to back off hikes

zzyzzx says

Any of you ever heard of Silicon Valley Bank before this? Because I haven't. Just curious.

Prior to the attack on Pearl Harbor on December 7, 1941, 99%+ of Americans couldn't tell you anything about Pearl Harbor.

zzyzzx says

So if you happened to have had a short position in Silicon Valley Bank, you don't even need to cover?

Short Sellers Make $500 Million on SVB’s Demise. Collecting Won’t Be Easy
One-day mark-to-market profit of $513 million on short bets

In this case, with this massive collapse, the shorts are all paper profits. These investors are going to have a lot of fun attempting to collect.

https://www.bloomberg.com/news/articles/2023-03-10/shorts-make-500-million-on-svb-demise-collecting-won-t-be-easy

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.

NuttBoxer says

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.

They never put out the fire, just contained it and now they are running out of hoses and extinguishers.

Now this should strike fear in you. I'm not buying anything that this guy is selling:

Biden Insists "The Banking System Is Safe"
https://www.zerohedge.com/markets/watch-live-president-biden-explains-resilience-us-banking-system

Reminder I had from watching that local financial guy last night. Whatever they tell you, it's the opposite. The more they say it, the more worried they are.

https://finance.yahoo.com/news/silicon-valley-bank-crisis-force-161835121.html

The Silicon Valley Bank crisis will force the Fed to slash rates by 100 basis points to prevent contagion, market guru says

Does that mean DARPA won't be able to fund the 'Flat Earth Disinformation Project' any more? I was rather fond of that one, it was only a round billion to launch, what a bargain to deceive and beguile the public from any meaningful truth.

RayAmerica says

Biden Insists "The Banking System Is Safe"

That tells me economic collapse incoming.

Plunge protection team hard at work, DOW, SNP, NASDAQ all dropped like a rock on the open today.

Just wait until the Canary Islands landslide of the Swiss banks occurs.

zzyzzx says

Any of you ever heard of Silicon Valley Bank before this? Because I haven't. Just curious.

Yes, it's a thing around here, or used to be.

https://shop.litquidity.co/products/t-shirt-silicon-valley-bank-risk-management-department-2023

On the MSM propaganda liar's scale, Robert Reich is somewhere between Don Lemon and Satan himself.

Ceffer says

Just wait until the Canary Islands landslide of the Swiss banks occurs.

I guess they happen often. Good that the customers never complain as they were stolen funds. “Customers” even come back with even more money for “safe heaven”.

For those who think the Federal Reserve is in complete control of interest rates:


https://tradingeconomics.com/united-states/repo-rate

Some of you may remember this being called out prior to the scamdemic(timing is no coincidence). Looks like it worked for a little while, but they just kicked the can, and that can's about to hit the wall.

Wow! I knew the SVB domino collapse would be impressive, but I didn't think it would look like this!

"More Banks Shut Down, the Domino Effect Continues"https://www.rumormillnews.com/cgi-bin/forum.cgi?read=218933

More lessons from the annals of DUHHHHHHHHHH!

Ceffer says

Wait, they owned SVB stocks too?

Our economy is run by a central bank. Which means it's a giant confidence game. Every bank that goes under erodes confidence. End result, our fourth central bank collapses.

For someone who claims central banking economics is not confusing, you seem a little lost in the weeds here...

EXCLUSIVE: Senator Mark Kelly Called For Social Media Censorship To Prevent Bank Runs
Democrats are demanding ever-more censorship in a widening social media panic
https://public.substack.com/p/exclusive-senator-mark-kelly-called

Rep Thomas Massie reported ditto:
https://twitter.com/RepThomasMassie/status/1635074378454147074?ref_src=patrick.net

https://news.sky.com/story/hsbc-buys-silicon-valley-bank-12832697

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.

Not sure that's true, yet.

Misc says

Sometimes you just gotta print the money.

Sometimes is all-the-time for central banks. And yes that's why they exist, to fuck us all into the poor house. Still don't believe me? Just wait a bit longer.

NuttBoxer says

Our economy is run by a central bank.

All economies are run by central banks. There's nowhere to run.

Eric Holder says

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, that's the annual supply of silver.

The United States has 3 times revalued the US debt so that 1 billion troy ounces of gold approximately equaled the US national debt. The last time this happened was 1980 when gold his 800 dollars a troy ounce, and that national debt was about 900 billion dollars. It happened in 1936 and 1932 as well.

If it happened today, an ounce would be worth around $30,000 dollars and it will eventually happen.

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.