2nd US Bank failure!

If you’re talking big, the usual 10 biggest companies are the 4 banks, 3 miners, Coles and Woolies, and Telstra. They pay 50% of all corporate tax in Australia and usually have strong steady dividends.
They are strongly represented in any super portfolio and as such most Australians are part owners so it’s no shame in giving them your custom.
 
Ag bullet said:
A Coles/Woolworths style banking sector. Small banks absorbed by (they didn't fail, wink wink;)) big banks.
Customer has a choice of big bank or big bank.
Click to expand...

I would hate to imagine what Coles and Woolworths would stock if they didn't have to compete with the smaller specialised shops. My guess is it would be like something you find in North Korea.

Sometimes i wonder why North Korea never gets touched? Anyone in the middle east even farts and America goes to war with them, yet North Korea can have nuclear programs and fire missiles over Japan, yet it's all good. Maybe NK is a test bed for how the elites envision the world?
 
leo25 said:
I would hate to imagine what Coles and Woolworths would stock if they didn't have to compete with the smaller specialised shops. My guess is it would be like something you find in North Korea.

Sometimes i wonder why North Korea never gets touched? Anyone in the middle east even farts and America goes to war with them, yet North Korea can have nuclear programs and fire missiles over Japan, yet it's all good. Maybe NK is a test bed for how the elites envision the world?
Click to expand...
NK is the Rothschild's blueprint for the world
 
Australian depending on banks loans for theirs business. If Australian banks are force to shut; how greater effects this can be???
This will cascades all the way to everyone.
This forces will be greater than anything. Let's hope not.
 
leo25 said:
Sometimes i wonder why North Korea never gets touched? Anyone in the middle east even farts and America goes to war with them, yet North Korea can have nuclear programs and fire missiles over Japan, yet it's all good. Maybe NK is a test bed for how the elites envision the world?
Click to expand...
It's pretty simple, it's a-lose-lose prospect. The Korean War has been at a stalemate since '51 for a reason.There is no oil there and it's mountainous. NK has a million-man army, and they wouldn't just fold like the Iraq army. And the Ch*nks have their back.
 
DJE said:
Not to worry, apparently we're fine..
We know how much we can rely on MSM for reliable info lol



https://www-news-com-au.cdn.ampproject.org/v/s/www.news.com.au/finance/business/banking/rba-australian-banks-prepared-to-withstand-global-market-volatility/news-story/bca36a2af7dfb275b74d40f7c6bafe02?amp=&amp_gsa=1&amp_js_v=a9&usqp=mq331AQGsAEggAID#amp_tf=From %1$s&aoh=16793669920984&csi=0&referrer=https://www.google.com&ampshare=https://www.news.com.au/finance/business/banking/rba-australian-banks-prepared-to-withstand-global-market-volatility/news-story/bca36a2af7dfb275b74d40f7c6bafe02
Click to expand...
I quote the article "Australia’s banks remain “unquestionably strong” and local financial markets are “still functioning” despite being volatile amid growing global strain."

Even if it's an absolute house of cards, they will say the same thing.

John McCain and George W in 2008 both said "the fundamentals are strong" and "we will clean up Wall St". It's always the same crap. Imagine if the did say it was a scam or a house of cards... id love to hear that admission, but it's not gonna happen.
 
Last edited:
mmm....shiney! said:
The banking system is far more resilient than in 2008.


march-2023-newsletter-fractional-reserve-ratio.png


Lyn Alden's take on 2008 v 2023 and more in her latest newsletter: https://www.lynalden.com/march-2023-newsletter/
Click to expand...
Yet we have had the 2nd largest bank failure in US history. Did they clean up Wall St? Did they "not put America in this position again"?

They lied then, but they are telling the truth now...lol. I'm sure they had similar statistics 15 years ago...

Statistics are manipulated bullsh*t. Much like "transitory inflation", or inflation numbers. They are double digits (20%+) when I calculate my personal expenses compared to a year ago
 
Last edited:
mmm....shiney! said:
Kent is correct. No one needs to wait to learn it from news reports, there's plenty of information on capital and liquidity ratios out there that's been around for ages.

It would require something highly unusual to force Australian banks closed. That's why I was curious as to why @Golden ChipMunk thought there may be a chance of something happening and what it may be.

It's just a shame that the US regulators didn't let due process take its course in order to learn whether the regulations actually work in a crisis.
Click to expand...

Global Financial Crunch may cascade , as history repeat itself.

- Banks and other lenders were willing to make increasingly large volumes of risky loans for a range of reasons
- Increased borrowing by banks and investors

https://www.rba.gov.au/education/resources/explainers/the-global-financial-crisis.html
 
They probably just need some time to figure all this out.
You cant expect to have a sound money system with only 6000 years of history haha. Wtf

As ole Diaper Joe would say, "strong as hell, cmon man look."
 
mmm....shiney! said:
Is that like "groin" and "groyne"? The only thing they have in common is that they sound the same.

View attachment 77552 View attachment 77553



A chick who posts free newsletters on macro and investing themes.
Click to expand...
Crisis means crisis. Cover yer butts! Brace yourself accordingly.

Lyn Alden... an unknown name until tonight. A link to a site called lynalden.com sounds like an echo chamber. Doesn't even have a wiki page. No offence, but bio does not exactly exude confidence, 33 years old, unknown education. Grew up in a trailer park, apparently. Another crypto bull. Has a very deep voice.
 
Michael Kay said:
Crisis means crisis. Cover yer butts! Brace yourself accordingly.

Lyn Alden... an unknown name until tonight. A link to a site called lynalden.com sounds like an echo chamber. Doesn't even have a wiki page. No offence, but bio does not exactly exude confidence, 33 years old, unknown education. Grew up in a trailer park, apparently. Another crypto bull. Has a very deep voice.
Click to expand...

She’s been around for years now - good for those who followed her early with many correct calls and insights.

these days there is a morass of 1000’s on YouTube
 
heartastack said:
She’s been around for years now - good for those who followed her early with many correct calls and insights.
Click to expand...

I've watched many of her talks over the past 2 year and found him/her to have mainly incorrect calls and generic insight, as with most of these youtube finance people.
 
mmm....shiney! said:
So you disagree that the current banking crisis is a liquidity crisis?
Click to expand...

I disagree that its only a liquidity crisis, everyone is just focusing on that alone. I think there is a lot of rot that's not being exposed yet and that rot will show there is a large credit crisis too.

SVB was an example of both a credit and liquidity issues. They had a lot of bad performing loans and they stupidly got stuck with a lot of time sensitive assets. When there is one there is more.
 
Last edited:
You must log in or register to reply here.
Back
Top