2nd US Bank failure!

Discussion in 'Markets & Economies' started by bretto, Mar 13, 2023.

  1. Michael Kay

    Michael Kay Active Member

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    But wait! Yellen said it would not happen in our lifetimes... maybe she means HER lifetime, and she is about to keel over. How can this person sleep at night?
     
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  2. sammysilver

    sammysilver Well-Known Member Silver Stacker

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    We are 2 weeks away from the Easter long weekend. Is that a good time for a bank lockdown, or major reset?
    You heard it here first!
     
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  3. Michael Kay

    Michael Kay Active Member

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    this prospect is at the same time fascinating and terrifying. Goodbye middle class!
     
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  4. Michael Kay

    Michael Kay Active Member

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    Has anyone else noticed that David Koch has seemingly totally lost control of rights to his image? I get a lot of these, especially on this site (outside ads, obviously) but this one made me laugh a little bit.

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  5. hardyakkagold

    hardyakkagold Well-Known Member Silver Stacker

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    Sorry it's late and I am a little bored



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  6. Ag bullet

    Ag bullet Well-Known Member

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    You mentioned Easter so............Enter stage left... Court Jester.
     
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  7. leo25

    leo25 Well-Known Member Silver Stacker

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    Great relevant talk to what's happening now.
    Also good insight to the shit storm building here in Australia with over leveraged mortgages in conjunction with short duration debt analogous to teaser loans in the US.

    Former CEO of Washington Mutual Kerry Killinger - PBD Podcast 2022/09
     
    Last edited: Mar 24, 2023
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  8. hardyakkagold

    hardyakkagold Well-Known Member Silver Stacker

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    That other cancerous tumour bank [Douche Bank] seems to be bleeding out slowly.

    The german bank tumbled 12% on Friday with the second largest 5 year credit default swaps.
    [​IMG]
     
  9. Michael Kay

    Michael Kay Active Member

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    There has been a bit of talk about these guys for a while. Not as much of a basket case as CS, but still of note. After CS, you don't wanna be holding AT1 bonds in DB.

    Gold is at 3006.28 AUD as i write this. At the moment, it has huge upside potential with (as usual) very little downside risk.
     
    Last edited: Mar 24, 2023
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  10. jultorsk

    jultorsk Well-Known Member Silver Stacker

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  11. hardyakkagold

    hardyakkagold Well-Known Member Silver Stacker

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    Yes, Deutsche bank has been a failing zombie bank for over a decade.

    But this is a trillion-dollar bank, if it falls it just about takes out the EU as well as a good chunk of the USA with its trillions in derivatives.

    I think the globalist embezzlers kept it alive on life support till now to use it as their vehicle to hide their crimes to collapse the entire fiat banking system.

    It will be an interesting night's trading when the US markets open in an hour's time.

    If they dont pump liquidity into the system then anything could happen.

    Gold could have another huge up day.

    On a positive note, Deutsche bank has been a well know gold price manipulator, so if they go tits up, the Comex paper market might go with them.

    Predictable how this drama always plays out on a Friday, with a couple of days buffer before a chance of a financial system holiday the following trading days.
     
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  12. madaw1

    madaw1 Well-Known Member

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    You've got this news from Klaus Schwab ?-Sammy...:confused:
     
  13. sammysilver

    sammysilver Well-Known Member Silver Stacker

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    No, it’s called original thought. He may have got it from me?
     
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  14. JohnnyBravo300

    JohnnyBravo300 Well-Known Member Silver Stacker

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    Winners and losers being picked like in 08 right out of Obamas playbook haha.
    I wonder if Brandon will be giving similar speeches about how he KNOWS it isnt popular but
    "we HAVE to do something, even if its wrong...".

    Turns out doing nothing was the answer.
     
  15. leo25

    leo25 Well-Known Member Silver Stacker

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    Great talk, gave me a lot to think about. Both sides discussed why these smaller banks ran into issues, interesting to hear how they differ from the big banks.
    One thing is crystal clear from this talk, central banks are really stuffing up markets with their large distortions. They need to stop.

     
    Last edited: Mar 24, 2023
  16. JohnnyBravo300

    JohnnyBravo300 Well-Known Member Silver Stacker

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  17. Davros10

    Davros10 Well-Known Member Silver Stacker

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    During her testimony last week, Secretary Yellen admitted that smaller regional banks across the country will not be bailed out by the US government. Only larger banks will be bailed out like Silicon Valley Bank and their depositors from China connected to the Chinese Communist Party.

    Senator James Lankford (R-OK), last week grilled Yellen on who will be bailed out by the federal government and who will not. Lankford pointed out that the Biden-Yellen plan will force Americans to take money out of smaller banks and deposit it in the chosen banks the government has deemed worthwhile of protecting.

    “Will the deposits in every community bank in Oklahoma, regardless of their size, be fully insured now? Are they fully recovered? Every bank, every community bank in Oklahoma, regardless of the size of the deposit, will they get the same treatment that SVBP just got or Signature Bank just got?” Senator Lankford asked.

    “A bank only gets that treatment if a majority of the FDIC board, a supermajority, a supermajority of the Fed board, and I, in consultation with the president, determine that the failure to protect uninsured depositors would create systemic risk and significant economic and financial consequences.” Yellen said.
     
  18. SilverNGold

    SilverNGold Well-Known Member

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    Too big to fall versus too small to bail.
     
  19. Cleaned Slice

    Cleaned Slice Active Member

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    CNN.
    Facts.
    Haha
     
  20. Michael Kay

    Michael Kay Active Member

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    That's some straight up Bolshevism right there. Lankford was smart to point that out.
     
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