That's what happens when you have a fractional zero reserve banking system and a central bank that will buy any shit bond the Treasury puts out. Just get used to double-digit inflation like a proper third-world shithole.
leftards are making tribalist calls for peter thiel to be indicted. apparently he got insider info on SVB being upside down. he left in over 50 million of his own, but when he realized how badly SVB was underwater, told his VC portfolio startups to get their money out. this made the small run turn into a big run.
tons of these banks are fucked. i looked on multiple brokers and couldn't find put options on any of these banks, meaning everyone knows the jig is up.
a month or two ago, someone from the fed admitted that 98% of deposits are not insured, and of the exposure FDIC is facing, if there was a national bank run, 97% of "insured" deposits would be lost. that's how over-leveraged the system is right now.
so then the question is what you do with this information. and now BTC is up 35% this week.
The Fed turned our own Treasury bonds into toxic assets. They went out and found the safest, most conservative, most responsible place to park money and destroyed it.
That's what happens when you have a
fractionalzero reserve banking system and a central bank that will buy any shit bond the Treasury puts out. Just get used to double-digit inflation like a proper third-world shithole.this.
leftards are making tribalist calls for peter thiel to be indicted. apparently he got insider info on SVB being upside down. he left in over 50 million of his own, but when he realized how badly SVB was underwater, told his VC portfolio startups to get their money out. this made the small run turn into a big run.
tons of these banks are fucked. i looked on multiple brokers and couldn't find put options on any of these banks, meaning everyone knows the jig is up.
a month or two ago, someone from the fed admitted that 98% of deposits are not insured, and of the exposure FDIC is facing, if there was a national bank run, 97% of "insured" deposits would be lost. that's how over-leveraged the system is right now.
so then the question is what you do with this information. and now BTC is up 35% this week.
almost like the way banks are run is fundamentally broken.
Broken for normal people, perfect for rich elites who don't want to lose their money.
"Oh no, that's terrible, whatever will we do with this fear? Who should we look to, to stop it!? I know, let's have the government CBDC save us!!"
archive :
https://archive.ph/2023.03.18-004738/https://www.wsj.com/livecoverage/stock-market-news-today-03-17-2023/card/dozens-of-banks-may-have-risks-similar-to-silicon-valley-bank-economists-find-PLIFEYfTTer5HvixzEx6
Research paper :
https://papers.ssrn.com/sol3/papers.cfm?abstract_id=4387676
The Fed turned our own Treasury bonds into toxic assets. They went out and found the safest, most conservative, most responsible place to park money and destroyed it.
Valerie Solanas, SCUM Manifesto.
Fuck this engineered banking crash, they're trying so hard to create a bank run.