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82
The US banking system is so fucked that the 13th largest bank is about to go under and nobody is surprised. First Republic Bank had $200B in deposits in the fall, now they are worthless. (media.kotakuinaction2.win)
posted 3 years ago by BidenIsAGroomer 3 years ago by BidenIsAGroomer +82 / -0
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Comments (35)
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▲ 31 ▼
– TerpenoidTester 31 points 3 years ago +31 / -0

They will prolong the crisis as much as possible and silence anyone who discusses it.

Look at Yellen just making bald faced lies over and over again without any consequences.

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▲ 27 ▼
– Ahaus667 27 points 3 years ago +27 / -0

It’s a repeat of 2008. This time the banks are betting on the bailouts which is apparent from the complete lack of risk management. I’m amazed Biden is willing to run again as whoever takes the next cycle is going to be absolutely assfucked by this current administration’s actions.

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▲ 33 ▼
– TerpenoidTester 33 points 3 years ago +33 / -0

Biden isn't 'willing' to do anything, he's a manipulated dementia case.

He barely even knows what is going on around him let alone care.

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▲ 19 ▼
– BidenIsAGroomer [S] 19 points 3 years ago +19 / -0

There was almost zero (official) inflation in 2008.

Now with inflation recently in double digits the fed will undermine the US currency when they print to bail out their banker friends.

Thats why gold and bitcoin have risen this year - the fed’s real goal is banking bailouts.

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▲ 7 ▼
– ApparentlyImAHeretic 7 points 3 years ago +7 / -0

Our betters do not concern themselves with the livelihoods of their pets.

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▲ 5 ▼
– trump4044 5 points 3 years ago +5 / -0

Biden has dementia, he's going to be the fall guy. They will then let a GOP stooge win to placate the tradcons. Basically a flip of 2008.

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▲ 5 ▼
– deleted 5 points 3 years ago +5 / -0
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▲ 10 ▼
– Smith1980 10 points 3 years ago +10 / -0

I remember years back when I would try to talk to people about the Fed their eyes would glaze over

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▲ 9 ▼
– deleted 9 points 3 years ago +9 / -0
▲ 4 ▼
– Smith1980 4 points 3 years ago +4 / -0

Lol

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▲ 4 ▼
– trump4044 4 points 3 years ago +4 / -0

What's the fed? I ain't hear nonathat commie bs on fox news...

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▲ 2 ▼
– deleted 2 points 3 years ago +2 / -0
▲ 21 ▼
– Ahaus667 21 points 3 years ago +21 / -0

The Jim Cramer tweet is hilarious, he’s clearly a shill and has let people get assfucked by his “recommendations”.

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▲ 15 ▼
– JustHereForTheSalmon 15 points 3 years ago +15 / -0

Betting against Cramer sounds like a good meme strategy.

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▲ 9 ▼
– captain-shitpost 9 points 3 years ago +9 / -0

sure, you just don't know the timeline.

years back, i looked into making an algorithm that takes these high profile "advisors", and betting against them. more often than not, their advice goes bust. the only difficulty is timeline.

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▲ 4 ▼
– FrozeInFear 4 points 3 years ago +4 / -0

ETFs $SJIM and $LJIM launched in March. The meme was made real.
https://archive.ph/yZHZY

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▲ 3 ▼
– rantanon9145 3 points 3 years ago +3 / -0

There are literally ETFs against this guy

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▲ 11 ▼
– rentfREEEE_since2016 11 points 3 years ago +11 / -0

FRB is a good fucking bank.

In fall 2022 they were offering low below market rate interest rates. Close to 4%, of course with large down payment.

The ((you know who)) banking cabal couldn’t have that shit.

OH VEY! Good debt to income ratios are racist goyim!!!!! Shut it down!!!!

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▲ 3 ▼
– GloboHomoErectus 3 points 3 years ago +3 / -0

Can't have a reasonable business plan these days where you automatically filter out the wheat from the chaff and have a stable cash flow. You have to make sure they are so terrible with money that they default in 5 years and the bank can sell the house for a profit.

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▲ 8 ▼
– diogenesofthearch 8 points 3 years ago +8 / -0

At this point Cramer has to be trolling.

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▲ 8 ▼
– DOI56 8 points 3 years ago +8 / -0

Cramer is part of the demoralization team, they let him know what's going to crash so he promotes it and they laugh for days at the idiots who trust the TV when it crashes.

Occam's Razor suggests conspiracy is true when "experts" are consistently wrong to the point of mathematical absurdity.

Demons are often represented as evil clowns and jokers. If I was evil I would be doing the same thing to destroy people's lives, and laugh about it, just as these freaks on TV do.

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▲ 6 ▼
– realerfunction 6 points 3 years ago +6 / -0

the entire global banking system is fake and gay, deserves to fall, and those responsible deserve crucifixion

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▲ 8 ▼
– rentfREEEE_since2016 8 points 3 years ago +8 / -0

But it’s not. They’re going to tank the “small” banks and roll them into fucking mega banks. You can still get a latte in every tom-dick-and-harry coffee shop. This shit is not falling any time soon

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▲ 6 ▼
– Steampunk_Moustache 6 points 3 years ago +6 / -0

To whoever it was who disagreed with me a month or so back when I said this wasn't over...

Told ya so.

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▲ 4 ▼
– AlfredicEnglishRules 4 points 3 years ago +4 / -0

Had to check, my bank just dropped it's worth by $60 Billion. That's scary

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▲ 2 ▼
– BidenIsAGroomer [S] 2 points 3 years ago +2 / -0

They normally COMPLETELY wipe out shareholders when they do something like this.

In Europe they also wiped out credit suisse’s AT1 bondholders.

But even with those losses the government/fed has to print a ton of money to keep these banks operating. Its like we learned nothing from 2008.

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▲ 2 ▼
– APDSmith 2 points 3 years ago +2 / -0

The government learned it worked.

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▲ 1 ▼
– AlfredicEnglishRules 1 point 3 years ago +1 / -0

The upper class were saved and the job market in Seattle plummeted. Then, when everyone who wasn't upper class complained, the politicians aimed them at stuff like Republicans, or small businesses.

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▲ 3 ▼
– Shill4Hire 3 points 3 years ago +3 / -0

When your job is to take people's money, or look at people, and give them some small amount of money in order to take more of their money...

How does your business fail?

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▲ 2 ▼
– deleted 2 points 3 years ago +2 / -0
▲ 1 ▼
– AlfredicEnglishRules 1 point 3 years ago +1 / -0

I was honestly wondering if you were going a bit far till you said Yorkshire. It's tragic what's happened there.

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▲ 1 ▼
– deleted 1 point 3 years ago +1 / -0
▲ 1 ▼
– AlfredicEnglishRules 1 point 3 years ago +1 / -0

The central area of the US is quite sparse. The big towns like Laramie are all of 60,000 with students. You are welcome to it.

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▲ 1 ▼
– deleted 1 point 3 years ago +1 / -0

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