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Skullduggery happening'

https://www.cnbc.com/2023/03/12/regulators-close-new-yorks-signature-bank-citing-systemic-risk.html

U.S. regulators on Sunday shut down New York-based Signature Bank, a big lender in the crypto industry, in a bid to prevent the spreading banking crisis.

“We are also announcing a similar systemic risk exception for Signature Bank, New York, New York, which was closed today by its state chartering authority,” Treasury, Federal Reserve, and FDIC said in a joint statement Sunday evening.
 
hardyakkagold said:
Financial Headline: Dow futures lift as Fed contains banking crisis.

So everything is back to normal, nothing to see here plebs, move right along and join the action in the cryptos casino!

You are all going to be rich again.
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Yes. They canned it. Business as usual. :eek:

Financial regulators said Sunday night depositors of the failed Silicon Valley Bank will have access to all of their money starting Monday, March 13, while announcing new facilities to backstop deposit withdrawals across the banking system amid fears of contagion following SVB's shock failure last week.

In a joint statement, the heads of the Federal Reserve, Treasury Department, and FDIC said: "After receiving a recommendation from the boards of the FDIC and the Federal Reserve, and consulting with the President, Secretary Yellen approved actions enabling the FDIC to complete its resolution of Silicon Valley Bank, Santa Clara, California, in a manner that fully protects all depositors."

"Depositors will have access to all of their money starting Monday, March 13," the statement added. "No losses associated with the resolution of Silicon Valley Bank will be borne by the taxpayer."

https://finance.yahoo.com/news/us-g...eposits-money-available-monday-223546372.html
 
hardyakkagold said:
So you peabrains believe this MSM baloney that the banking crises has been solved and that everything is hunkey-dory now, after worrying that the sky was
going to fall in previously?:D

There are at least 20 other banks that are in serious trouble and this is not over by a long shot.

At best the banking collapse has been postponed for a while, and at worst it is still ongoing as the US and European financial markets have not even opened for business yet to gauge any meaningful responses to what has been announced.:rolleyes:
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Quite. The logical 'human behavior' consequence would be for every other struggling bank to announce a failure come Monday. :oops:
 
hardyakkagold said:
At best the banking collapse has been postponed for a while, and at worst it is still ongoing as the US and European financial markets have not even opened for business yet to gauge any meaningful responses to what has been announced
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If the majority of banks do what SVB did and not hedge their books, then they're at risk. But they don't.
 
Shaddam IV said:
That bank was super-woke in its policies and investments and it paid the price.
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And it was more than 90% made up of businesses, celebrities, and even some royalties who had a lot more than the $250k guarantee in their accounts, therefore
the government rush to save them.

If it was made up of mainly mom & pop battlers they would have thrown them under the bus without a second thought.
 
hardyakkagold said:
Does anyone know what the exact record gold price in Aussie dollars is?

From memory, it was about $2860 per ounce in August 2020 if my memory serves me correctly.

Please correct me if I am wrong
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You are right but you did say exactly, so here is what I found.

06/08/20 2,861.71
92.006 per gram

https://www.bullion-rates.com/gold/AUD/2020-8-history.htm

I watch it everyday too, but you know us old farts we just keep it to ourselves but inside we are very happy with our stash. :D

As I write 13/03/2023 10:42 PM Kitco ask: $2,846.74 AUD
 
FT100 down 1.7%.....US yet to open but remember is the US equity markets take a big enough dive, margin calls will ramp up and investors may dump gold to cover the calls....
 
Everything they are doing is great for the stackers and will be inflationary as hell.

Any real corrections or failures are being averted for the time being and max manipulation continues.
 
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