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Silicon Valley Bank collapses after members make run, Other banks to follow?

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posted on Mar, 12 2023 @ 10:53 AM
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I fully agree.
Let's try and simplify what is probably happening.
They call it currency wars.
But revaluation of currencies has to happen eventually.
I am certain that is what we are experiencing in the USA under the guise of inflation.
I knew 15 years ago of the plan to RV Zimbabwe and Iraq currencies while also devaluing currencies like USD.
This to even the playing field for a reset.
The USD was to take a 40% devaluation, twice, with approximately 6-8 months separation of each dv.
The last year I witnessed a 40% devaluation in spending value in the US.
And IMO, we are about to see the 2nd.

They are resting things.
Bitcoin was to be used by the elite to transfer their wealth across this timeline of events in order to emerge on the other side of the reset with their wealth free from manipulation and risk.
But something happened and something else is happening to "their" reset.
I hope we get something better.
I can only hope QFS is better, at least for awhile.
But the last 100 years has made debt slaves of us all and enriched the top 1% in owning everything including all of us as chattel property

originally posted by: burntheships

originally posted by: Nevercompromise

But anything past our current fiat is improvement IMO.
The problem I see with anything digital and Blockchain is there has to be some AI involvement and that would obviously lead to total AI control eventually....and how can that be good?



Current FIAT is not sustainable, the Feds have already made moves
to go digital. That will not be better IMO. AI is already well embedded
in the current system.

The only real fix would be so painful, not even sure the U.S. could
survive let alone the global economy.




posted on Mar, 12 2023 @ 10:53 AM
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a reply to: marg6043

Indeed Marg.

Its all on the backs of the working class.



posted on Mar, 12 2023 @ 11:13 AM
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IMO the reason SVB is so important to all these banks is it's ties to CBDC and in this case USDC.
They are all fed controlled and ESSENTIAL in saving the SWIFT system in Europe now that the Petro dollar is fully liquidated from use.
That is how I am reading this as I glean all this new info of foreign banks absorbing SVB.
If they don't, SWIFT is toast.
The CBDC is the last attempt by the Rothschild federal banking system from being replaced.
CBDC was to replace the Petro dollar for SWIFT.
The info I adhere to says 98% of crypto will fall to zero before the new system is set to replace the old and new Blockchain established free from usury and graft by creating bubbles.
The new system would cost .000058 cents per transaction.

I spent my entire life preaching against centralized power through a global and centralized currency.
The last 15 years has shifted my opinion.
The Vatican and the crown stole so much and corrupted so many over the last 150 years I simply agree something else is better, period.
I can only hope now as we watch the old implode before our eyes IRT

originally posted by: burntheships

originally posted by: Nevercompromise

But anything past our current fiat is improvement IMO.
The problem I see with anything digital and Blockchain is there has to be some AI involvement and that would obviously lead to total AI control eventually....and how can that be good?



Current FIAT is not sustainable, the Feds have already made moves
to go digital. That will not be better IMO. AI is already well embedded
in the current system.

The only real fix would be so painful, not even sure the U.S. could
survive let alone the global economy.




posted on Mar, 12 2023 @ 11:15 AM
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originally posted by: ketsuko
I'm still waiting to see if this is a nationwide thing or a California thing.

We have all known that California was courting disaster for a long, long time with the tech industry being just one of several bubbles inflating itself steadily out there.

And if Cali crashes, what will the rest of the country do? Obviously, the pain will spread but how much and how far, only time will tell.


As a citizen of California, I can tell you that we are fine right now. Institutions can "fail", and the state itself will still be one of the largest economies worldwide. "Disaster"? Not really, and not now.

There's a reason everyone tries to move here.



posted on Mar, 12 2023 @ 11:25 AM
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China is way more broke than anyone can imagine.
The new trade deals decimate them.
They only have 10-²⁰ years left before they cannot sustain themselves.
The USA is 80% of the world's economic engine and there are no new markets to replace it.
They now have a 25% tarrif attached to all their exports to the US.

originally posted by: nickyw
a reply to: marg6043

the chinese have been on a charm offensive for a few weeks now.. i can't see them doing anything without reason..



posted on Mar, 12 2023 @ 11:31 AM
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originally posted by: marg6043
a reply to: burntheships

Going digital have only one purpose, to control the wealth of nations and citizens, the wet dream of globalists.


Indeed

Here's the problem... Now we offer you the solution!
It's digital or bank runs and lose your savings, folks.
Please, please give us digital



posted on Mar, 12 2023 @ 11:33 AM
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originally posted by: Nevercompromise
Since I know for a fact BofE is getting ready to tank and is already in a shambles.


How do you know for a fact, if you don't mind me asking?



posted on Mar, 12 2023 @ 11:54 AM
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originally posted by: McGinty
Here's the problem... Now we offer you the solution!
It's digital or bank runs and lose your savings, folks.
Please, please give us digital


The Federal Reserve is not even remotely close to rolling out its digital currency, it's many years off at this point. Hell, FedNow is only going live this summer after numerous delays.



posted on Mar, 12 2023 @ 12:08 PM
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originally posted by: Thejaybird

originally posted by: ketsuko
I'm still waiting to see if this is a nationwide thing or a California thing.

We have all known that California was courting disaster for a long, long time with the tech industry being just one of several bubbles inflating itself steadily out there.

And if Cali crashes, what will the rest of the country do? Obviously, the pain will spread but how much and how far, only time will tell.


There's a reason everyone tries to move here.


yes there is a reason, mainly nice weather, ocean beaches you can use in the warmth. and of course we can't forget about all the Hollywood hopefuls. as well as having features like Disney and Knott's Berry Farm there


As a citizen of California, I can tell you that we are fine right now. Institutions can "fail", and the state itself will still be one of the largest economies worldwide. "Disaster"? Not really, and not now.


that all rather depends on just who all, has how much of their money in what banks?

it is true that institutions can fail and not cause major issues. but the trick is how much of that happening all at once will effect things. you see while most non rich people and businesses will be fine, at least at first, in the end, it could still destroy them. because their money is not affected, due to the insurance.

the problem is businesses that have all their money in that bank. since while big companies have accounts in most banks to protect them at least partially from such a event happening, smaller companies do not. and while people should likely get their insured up to $250,000 early next week, suspect it will take weeks, if not months, or even years to sort out everything else to divide among both creditors and people who had more money than was insured to get the rest that they can get, back.

and that is where the problem lies, and it can easily cause the same domino effect that happened to cause the great depression. you see $250,000 is not much money for a company at all. the bigger the company, the more employees they have, that need to be paid. even if i only had to pay each employee $1,000 for the pay period, if i had 250 employees, that would wipe out all the insured money from my company bank account. forget about all other expenses, such as rent, which can be thousands of dollars a month, with bigger companies having to pay tens of thousands, even hundreds of thousands per month for rent/mortgage. and remember, California has some of the highest rent/property value cities in the country. where even a single person, might have to pay over $2,000 a month for a tiny, or shared apartment, so how much higher is commercial space, which is typically far more than a person has to pay in rent? and all the other overhead costs that need to be paid.

now here is the problem. say again i have that company, with a bank account with them. and unfortunately i ran out of money trying to pay my employees and everything else. so of course i can't pay everyone, everything they are owed. so either i declare bankruptcy, or try to make arrangements to pay it all (good luck with no money, and about the worst sales time of year for many). so in the end, i have no choice but to go bankrupt, and say can only pay a small fraction which is owed (seriously my mother worked for a computer company back in the 90's "crash"/recession. they being a supplier had major problems with this happening. they would send out a bill for millions of dollars owed to companies, and in some cases only get a few thousand dollars out of them. and that was larger companies, small ones, they were lucky if they got any money (in the end causing my mother to be laid off, because of the company needing to make cuts, to stay afloat).

ok so maybe my company won't wreck everything because i can't afford to pay my bills. but once you add in other businesses all doing the same thing and you may have serious problems. the same problems that led to the great depression. because it won't just be a couple small businesses effected, but because of trickle down losses, even companies and businesses that had no accounts at that bank could go under, because people can't pay them what is owed. which in turn they now can't pay their creditors they owe, which means now those creditors are in difficulty, because i can't pay them, since i can't get paid. possibly causing that business to go bankrupt, continuing the domino chain. this is actually what happened to one of my great grandfathers in the depression. he lost everything through no fault of his own, because those businesses and people that owed him money for goods, could not pay, added into the fact most people couldn't buy anything extra, and so he went bankrupt, and lost everything, thanks to exactly this type of situation at the bank.



posted on Mar, 12 2023 @ 12:11 PM
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a reply to: generik

And this time, the Feds will keep saying everything is fine.

I'm fairly certain this is going to be the plan.

Orwellian Doublespeak, and oddly enough it seems to
work on the majority of the population.



posted on Mar, 12 2023 @ 12:18 PM
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Mass attack blaming Trump for changing regulations, but so far they haven't found any to show how ? 😀



posted on Mar, 12 2023 @ 12:20 PM
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a reply to: xuenchen

Everything going back to The Garden of Eden is Trumps fault.

For crying out loud, he is Satan incarnate!

Don't ya know!!!




posted on Mar, 12 2023 @ 12:20 PM
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originally posted by: marg6043
Bailing out banks is rewarding corruption at the expenses of the taxpayer in the nation, but I guess when it happens before in 2008, the promises made has just vanished in thin air.

I expect once the CEOs get their rewards, they will go to retreat spas to work out their stress related PTSD, like they did after the massive bailout in 2008, leaving the taxpayer to pay for the luxury, while we have to pinch pennies and find out how to make the next Morgage payments.


Update

FACE THE NATION

Yellen rules out bailout for Silicon Valley Bank: "We're not going to do that again"
More at: www.cbsnews.com...

She said regulators should have paid attention to the warning bells in December 2022.



posted on Mar, 12 2023 @ 12:23 PM
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a reply to: carewemust

Ok CWM, but she is the regulator.

Slight of hand comment from her!



posted on Mar, 12 2023 @ 12:24 PM
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About 4 or 5 months ago when all the troubles that doomed Credit Suisse surfaced some stuff about BofE surfaced. They bailed out blackrock with the unsecured liabilities in the UK's pensions.
They did it by creating tricky central bank instruments to fund it and IMO, delay the results till they could get past the reset and get bailed out.

originally posted by: McGinty

originally posted by: Nevercompromise
Since I know for a fact BofE is getting ready to tank and is already in a shambles.


How do you know for a fact, if you don't mind me asking?




At risk of blowing up were obscure financial instruments meant to match long-term pension liabilities with assets, which had never been tested by bond yields moving so far or so fast.

Among those urgently calling the BoE were funds managing so-called liability-driven investments (LDI), a seemingly simple hedging strategy at the heart of the blow-up.

The LDI market has boomed in the past decade and assets total nearly 1.6 trillion pounds ($1.79 trillion) – more than two-thirds the size of the British economy.

Pension schemes were forced to sell government bonds known as gilts after they found it hard to meet emergency demands from the LDI funds for collateral on "under-water" derivatives positions, where the value is less than on a fund's books.

LDI funds were calling for urgent cash to shore up loss-making positions. The funds were themselves facing margin calls from their relationship banks and other key financial players.

"We laid our cards on the table. You don't expect them (the BoE) to give you much back because they're not going to show you their hand, right?" said James Brundrett of pension consultant and fiduciary manager Mercer, which held a meeting with the BoE on Sept. 26.

"Thank God they listened because this morning (Sept. 28), the gilt market wasn't operating," he added.

Facing a market meltdown, the BoE stepped in with a 65 billion pound ($72.3 billion) package to buy long-dated gilts.

And echoing former European Central Bank boss Mario Draghi at the height of the eurozone debt crisis, the central bank pledged to do whatever it took to bring financial stability.

While this may have eased the immediate pressure on pension funds, it is far from clear how much time the BoE has bought as shockwaves reverberate through global markets from recently-appointed Prime Minister Liz Truss' plan, which as well as spooking investors drew a rare IMF rebuke.




As another poster pointed out BofE bailed out blackrock from leveraging pensions in the derivatives market by creating central bank "instruments".
This was no humanitarian effort.
If blackrock goes so does BofE.
They are all counting on the reset to save them.
And the CBDC is in it's death throes.

Imagine a central bank bailing out parts of the derivatives market.
There isn't enough money in the world to do that



posted on Mar, 12 2023 @ 12:32 PM
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a reply to: Nevercompromise

Every vehicle in banking world is an "instrument".

Thing is, bad loans in the old days were never considered
worthy of instrument material. Now the bad loans are
just bundled together and sold as mortgage backed securities.

That already caused one crash in 08. Now we have that on
steroids, who can even keep track of the toxic "instruments"
anymore? Not to mention the worthless start ups, streaming,
digital art, etc. Its all a shell game at this point.



posted on Mar, 12 2023 @ 12:32 PM
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originally posted by: burntheships
a reply to: generik

And this time, the Feds will keep saying everything is fine.

I'm fairly certain this is going to be the plan.

Orwellian Doublespeak, and oddly enough it seems to
work on the majority of the population.




So far one of the official narratives is they got into trouble when a lot of their capital was tied up in bonds at a 1% interest rate.

Usually these are convertible, but the problem is the newer bonds mature at a higher rate, so no one wants the 1% bonds.

If that’s the case, this is one of the more responsible failures as at least the bank was getting low risk exposure.

It would show a problem being more in the fractional reserve practice. Some of the VC accounts made a quick run on the bank and it forced them to close.

So far I haven’t seen declarations of bankruptcy. The FED might play nice and pay out early on those bonds which would be a hybrid bailout.



posted on Mar, 12 2023 @ 12:36 PM
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a reply to: CriticalStinker

That would be one of the ways they could do a bail out work around,
I'm sure they have a few tricks up their sleeves.

They don't have a lot of time, and if as they say this took them
by surprise (which I don't believe for a split second) then they
might not be able to set this straight.

We will know soon though.



posted on Mar, 12 2023 @ 12:47 PM
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originally posted by: AugustusMasonicus

originally posted by: McGinty
Here's the problem... Now we offer you the solution!
It's digital or bank runs and lose your savings, folks.
Please, please give us digital


The Federal Reserve is not even remotely close to rolling out its digital currency, it's many years off at this point. Hell, FedNow is only going live this summer after numerous delays.


I'm sure you're right and no doubt yours is a better qualified opinion than mine when it comes to financials. But in terms of how globalists might plan such an event it'd probably be beneficial to have any preparation to make it possible a closely guarded secret. Otherwise it'd be that much more obvious that this event too conveniently came along just as it's ready to go.

But that's more a general conspiracy observation; i've no clue how complex a plan to roll out digital would be



posted on Mar, 12 2023 @ 12:49 PM
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a reply to: Nevercompromise

Interesting! Thanks







 
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