Silicon Valley Bank Fails

Discussion in 'Money & Finances' started by Thomas Windom, Mar 10, 2023.

  1. Ron Beforee

    Ron Beforee Very Well-Known Member
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    First let me say ... I am not wealthy but ... what I do have I want to keep.

    As such, I am considering buying a home safe, and keep most of my assets in it.

    The stock market & the banks have been scary and non-profit [well not much anyway] for a couple of years now. Might as well keep savings at home.

    As some one else noted ... If a crisis [of what ever kind] does occur cash is still king, and having it would likely be the difference between eating and not eating .......... if ya can find food.
     
    #31
  2. Mary Stetler

    Mary Stetler Veteran Member
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    That is if your are a mouse in a jar. It is merely a comparison (unless you poop on your food)
     
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  3. Denise Evans

    Denise Evans Supreme Member
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    Thanks Mary, that makes it all more clear, adding insult to injury ;)
    funny baby.jpg
     
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  4. Yvonne Smith

    Yvonne Smith Senior Staff
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    This is a comparison chart showing what happened with our money system here in America and where we are at right now. I just followed more of the news people on twitter because it seems like a lot going on right now.

    C0F51DAB-B511-4C18-9500-D67BBCB198E9.jpeg
     
    #34
  5. Don Alaska

    Don Alaska Veteran Member
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    We are in deep trouble, but they just keep spending more money they don't have and doesn't exist.
     
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  6. Denise Evans

    Denise Evans Supreme Member
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    they've had a real good time handing out the money. One reason I always say, was the main reason I voted Trump was because I figured if he could do that for himself, he could do it for our country, and he did. It really seems as if the democrats/liberals have been so focused on President Trump, and destroying him, than saving Americans. I should say it's obvious that's their intention. He tore down their kingdom but it's just too bad we didn't keep them down. Too many have sold their souls for their love of money.
     
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  7. Don Alaska

    Don Alaska Veteran Member
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    He didn't really tear down their kingdom, but he obstructed their agenda directed at us. I don't know if there is another person who could do that job, and the Progressive Agenda extends far beyond the U.S. It originated in Germany many years ago, and has been growing ever since, causing two world wars and many, many smaller ones since. Not all wars are Progressive, but many are. The Federal Reserve is laso a Progressive institution and was originally designed toonly last for a century or so, so it is already pushing the limits of its intended lifespan.
     
    #37
  8. Denise Evans

    Denise Evans Supreme Member
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    I think they were afraid he would, I didn't word the reply very well, because no, if he'd destroyed it they couldn't have come in with as much power as they had, to screw up the vote. Either that or too many sick in their minds to be able to vote for another 4 years of Trumps accomplishments for America.
     
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  9. Thomas Windom

    Thomas Windom Very Well-Known Member
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    I wonder how far this is going to go.
    *****
    “The financial sector in Europe is under significant turmoil today as a result of SVB’s fallout,” noted Naeem Aslam, chief investment officer at Zaye Capital Markets.

    Bank shares tumbled across Europe, with British group Barclays, Germany’s Commerzbank, France’s BNP Paribas and Societe Generale shedding between seven and 11 percent.

    On Wall Street, JPMorgan Chase fell 4.7 percent, Citigroup lost 5.0 percent and embattled regional bank First Republic sank more than 17 percent.

    “What began as a regional banking crisis in the US has suddenly morphed into a European one,” said IG analyst Chris Beauchamp.

    The upheaval comes as the European Central Bank is poised to raise interest rates again Thursday to tackle high inflation.

    But the crisis at SVB was blamed in part on high interest rates, which wrecked the value of the bank’s bond portfolio.”

    https://www.breitbart.com/news/asian-markets-rally-as-bank-worries-ebb-fed-rates-back-in-view
    *****
    This is on top of the Credit Suisse mess.
     
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    Last edited: Mar 15, 2023
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  10. Don Alaska

    Don Alaska Veteran Member
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    I don't watch a lot of Dan Bongino, but I have never heard him talk about preparing like he does here. Everything is at the tipping point, and if there were any Republican in the White House, this would be a catastrophe, but since it is a vegetable following a script, everything is okay and nobody should have any concern.
     
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  11. Shirley Martin

    Shirley Martin Supreme Member
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    I read that Biden said that no taxpayer money would be spent rescuing the banks. I admit to not knowing anything about financing but....

    He said the money would come from the insurance that the banks had.....

    If I were to cause a wreck with my car and insurance has to pay out money, they would increase my insurance costs. A lot. So won't the insurance costs increase for all banks? And won't those costs be passed on to customers.... tax paying customers?

    Please, some of you smart financial people answer that.
     
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  12. Denise Evans

    Denise Evans Supreme Member
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    Vegetable for sure, pumped full of how many drugs just to keep him upright. 'course there's always the ole broomstick inserted into the right orifice :rolleyes: I'm betting they've kept this as a back-up plan, oops, no pun intended.

    He's so easily upset I'd hate him to know what he really is, just a puppet for the Left.
     
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  13. Mary Stetler

    Mary Stetler Veteran Member
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    I am certainly not very smart but the money in the 'insurance' on money in the banks is no where near enough if the big banks fail.
     
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  14. Denise Evans

    Denise Evans Supreme Member
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    Plus the fact Biden is programmed to lie.

    Here's what is the truth in my opinion from Senator John Kennedy, LA. He explains it in a way that is logical, makes sense to me. The Truth is out there people, all we have to do is a little work to find it but much of this info explaining exactly what happened, and why it happened and how it could have been avoided (taxpayers footing the bill once again) by SVB. I've always thought Silicon Valley was where the brainiest of the brains were running the show.

    I especially appreciated Senator Kennedy because he explains things so simply that even I can understand this whole story on SVB ;)

     
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    Last edited: Mar 16, 2023
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  15. Ken Anderson

    Ken Anderson Senior Staff
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    I understand that only one person on the board of the Silicon Valley Bank had any experience in banking. It seems the others were chosen for their large contributions to Democrat candidates. Now, I suppose the Biden Administration will repay them with phony money, adding to the inflation that the rest of us have to deal with. In the private sector, this would be called money laundering.
     
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