Silcon valley Bank collapses.

It looks like a lot of people have lost a lot of money, this Bank handles a lot of cryptos. Bank stocks are down all over, it is being blamed on Bank Runs. The question is can they keep their finger in the dyke to stop the contagion. It wasn't long ago that the word was it was as solid as a rock. Funny how it goes down on a Friday. Monday could be an interesting day for banks, as a lot seem to be interconnected. Tim Truth gives the rundown. www.bitchute.com... but it isn't the only one in the target

Here is another update from Neil Mcoy

screw crypto. screw digital 'money' of any kind.
The end.

a reply to: anonentity

originally posted by: anonentity
It looks like a lot of people have lost a lot of money, this Bank handles a lot of cryptos. Bank stocks are down all over, it is being blamed on Bank Runs. The question is can they keep their finger in the dyke to stop the contagion. It wasn't long ago that the word was it was as solid as a rock. Funny how it goes down on a Friday. Monday could be an interesting day for banks, as a lot seem to be interconnected. Tim Truth gives the rundown. www.bitchute.com...

Is that the Bank where the President withdrew all his money and sold all his stock last week? ($3.5 million)

a reply to: anonentity

AND SO IT BEGINS....

a reply to: IAMTAT

It has been a long time coming. Also what little silver is left in the Comex seems to be accounted for. I guess missile production must be eating the stuff up.
This was put out before it was wound up, but he mentions Silvergate and other Banks it looks like a Bank run might be building. Perhaps they didn't get the digital in quick enough.

a reply to: anonentity

Don't leave fluid money in the banks, especially more then you need. I recommend broker accounts for two reasons. If you buy stocks, and bonds that money is "spent" and unavailable for the banks to steal. If a bank goes broke your portfolio is transferred to a different bank. (Most have "stock lending" off by default, unless you are a manager. Which means you can't lose your stocks. So make sure you check that with your bank.)

It does not lose value outside of stock/bond movements.

Also regular cash in those accounts aren't touched because it needs to be available to buy stuff on a whim. Savings and checkings don't have the same rules because they are bank managed.

It's also very important that you do NOT enable margin trading on these accounts. Those changes the rules and put your money and stocks in the hands of the banks as collateral.

This is exactly what the rich is doing, to keep their wealth safe because they know it's stupid to keep large amounts of money in their houses. (Possible robberies)

Second reason:
All stocks and bonds actually have "proof of ownership certificates" that you can actually take from the broker itself - while it's not exactly worth doing. It is something you can physically have in your possession. However it also means registering and proving stock ownership with those slips for payments which can be a headache.

Also if you physically lose those slips cause they get stolen then you're s.o.l. Brokers trade via electronic and sometimes physical slips(which is why it takes 3 days to settle), so each stock has its own serial. Which makes them safe in broker accounts.

The billionaires want the taxpayer to bail the bank out, yep they want us to send them money soo they do not lose a penny of their investments and lavished lifestyles.

We should blame Global warming for the collapse

a reply to: anonentity

I guess people shouldn't get their investment advice from CNBC.
One MORE reason not to trust NBC.

One month ago, Jim Cramer urged investors to buy Silicon Valley Bank stock $SIVB.

Today, the bank was closed by California regulators, making it the 2nd largest banking failure in US history.

VIDEO: twitter.com...

www.investmentwatchblog.com...

a reply to: IAMTAT

Their investments broker accounts are fine, it's the checking and savings that got decimated. Broker accounts move on bankruptcy of a bank to another brokerage. However stock ownership of that bank is destroyed.

a reply to: IAMTAT

There's actually the "Inverse Cramer" ETF that outperforms the market by doing the opposite of what Jimbo says LOL

You Can Bet Against Jim Cramer With New ETF

Posted earlier here
www.abovetopsecret.com...

Closed