bw
Fringe Ranger
No doubt there are connected types trying real hard to find out and get positioned.
ECON [FINANCE] 2023 Banking Crisis DEATHBURGER Thread 2023.2.0 will UBS actually eat Credit Suisse before the Open???
- Thread starter night driver
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vector7
Dot Collector
Jim Cramer says Deutsche Bank is fine ...
Jim Cramer “The United States economy is sound”
Me: “We are gathered here today for the funeral of the United States economy…”
RT 15secs
View: https://twitter.com/robfnunn/status/1639304764310601729?s=20
Jim Cramer “The United States economy is sound”
Me: “We are gathered here today for the funeral of the United States economy…”
RT 15secs
View: https://twitter.com/robfnunn/status/1639304764310601729?s=20
Old Greek
Veteran Member
I agree - I was thinking of this administrations focus only on hiring diversity and not qualifications. Not going to end well.
The Hammer
Has No Life - Lives on TB
With Cramer's rather lengthy track record of being wrong at exactly the worst time, if I were him, I'd stay quiet and use a wait and see approach...
accountant
Contributing Member
So does that mean I'll get a senior White House position if I identify as a bi-sexual 2nd generation child of migrants African American lady with a limp and severe anxiety disorder?
I've checked a lot of boxes with that one.
A.
John Deere Girl
Veteran Member
I don't care how many boxes you can check, I don't think you'd want to have any position in Joe Biden's White House.
vector7
Dot Collector
I Thought The Sanctions Were Suppose To Destroy The Russian Economy ......
View: https://twitter.com/WallStreetSilv/status/1639364878900011010?s=20
View: https://twitter.com/WallStreetSilv/status/1639364878900011010?s=20
Milk-maid
Girls with Guns Member
Take away your pension, take away your social security, tax everything to the Nth degree; home, cars, gasoline, etc.
Banks that do survive will start charging you for everything little thing they can such as your checks, how many times you use them, the ATM charges, savings, credit card charges. I'm sure they'll get really creative.
All these extra charges will affect the supply chain, until all you can afford is bread and water. Nothing will be free.
People will be starving.
Have I forgotten anything?
John Green
Veteran Member
That bank has been in trouble for years.
John Green
Veteran Member
You got it right and I will add no more free toasters when opening a new account .
Milk-maid
Girls with Guns Member
Oh No, we might be in real trouble and see the start of a small recession if this keeps up another year or so.
I love these titles and expect better from Zerohedge.
How can we "Re-ignite" something that never settled down?
night driver
ESFP adrift in INTJ sea
You were SUPPOSED to accept that LAST weekend everything was fixed.
Get back with the program...
Get back with the program...
jward
passin' thru
Financelo
@FinanceLancelot
4m
So far we've had 2 investment bank failures in 2023. SVB's total assets were $200 billion Credit Suisse was $700 billion Deutsche Bank is $1.4 trillion, so that would be a Merrill Lynch scenario leading to the collapse of numerous other large institutions. It seems imminent.
View: https://twitter.com/FinanceLancelot/status/1639410428789882881?s=20
@FinanceLancelot
4m
So far we've had 2 investment bank failures in 2023. SVB's total assets were $200 billion Credit Suisse was $700 billion Deutsche Bank is $1.4 trillion, so that would be a Merrill Lynch scenario leading to the collapse of numerous other large institutions. It seems imminent.
View: https://twitter.com/FinanceLancelot/status/1639410428789882881?s=20
Samuel Adams
Has No Life - Lives on TB
“I am not among those who fear the people. They, and not the rich, are our dependence for continued freedom. And to preserve their independence, we must not let our rulers load us with perpetual debt. We must make our election between economy and liberty, or profusion and servitude.
If we run into such debts, as that we must be taxed in our meat and in our drink, in our necessaries and our comforts, in our labors and our amusements, for our callings and our creeds, as the people of England are, our people, like them, must come to labor sixteen hours in the twenty-four, give the earnings of fifteen of these to the government for their debts and daily expenses; and the sixteenth being insufficient to afford us bread, we must live, as they now do, on oatmeal and potatoes; have no time to think, no means of calling the mismanagers to account; but be glad to obtain subsistence by hiring ourselves to rivet their chains on the necks of our fellow-sufferers.
Our landholders, too, like theirs, retaining indeed the title and stewardship of estates called theirs, but held really in trust for the treasury, must wander, like theirs, in foreign countries, and be contented with penury, obscurity, exile, and the glory of the nation. This example reads to us the salutary lesson, that private fortunes are destroyed by public as well as by private extravagance. And this is the tendency of all human governments. A departure from principle in one instance becomes a precedent for a second; that second for a third; and so on, till the bulk of the society is reduced to be mere automatons of misery, and to have no sensibilities left but for sinning and suffering.
Then begins, indeed, the bellum omnium in omnia, (“war of all, against all”….SA) which some philosophers observing to be so general in this world, have mistaken it for the natural, instead of the abusive state of man. And the fore horse of this frightful team is public debt. Taxation follows that, and in its train wretchedness and oppression.” Thomas Jefferson, “Letter Samuel Kercheval,” July 12, 1816
night driver
ESFP adrift in INTJ sea
1) This is NO WHERE NEAR over.
2) I'm (patiently) waiting for the results of the morning meeting to spill. The fact that NOTHING has come out concerns me some.
2) I'm (patiently) waiting for the results of the morning meeting to spill. The fact that NOTHING has come out concerns me some.
bw
Fringe Ranger
That's the most important dog that didn't bark today. Something wicked this way comes.
hiwall
Has No Life - Lives on TB
Not a single person on this forum has been hurt by the what has happened with the banks so far.
The banks that failed were woke banks who were stupid and should have failed.
Almost everything said on this thread is speculation.
We went to the local grocery store today and we saw no panic anywhere.
Some of you have to calm down a little.
Think clearly and maybe up your preps a little.
We are in a recession. This happens about every ten years.
What happens next we don't know and can only guess.
The banks that failed were woke banks who were stupid and should have failed.
Almost everything said on this thread is speculation.
We went to the local grocery store today and we saw no panic anywhere.
Some of you have to calm down a little.
Think clearly and maybe up your preps a little.
We are in a recession. This happens about every ten years.
What happens next we don't know and can only guess.
RememberGoliad
Veteran Member
All true. However... This one, to some extent, is making ears perk up simply because most of the bigger banks are of the wokey type. That's how they got 'big' is by being woke and sucking up to ....well, whoever they have to suck up to if they wanna get big, and only paying lip service to the little folks--by that I mean those who the FDIC nominally 'insures'.
Not even the regional or, in some cases, the local banks give a rat's ass about Jeff the seventy year old retired plumber who has his retirement planned out on drawing down what he sold his business for and parked in the bank. And Jeff, and his coffee shop buddies, are clueless for the most part. He and his buddies are probably those who you saw shopping. Their cards work, for one, and likely they went by the bank and drew out some cash to give the grandkids this weekend to cut the yard and fart around in the backyard flowerbeds, and IF they mentioned 'that bank mess' the (maybe also clueless) teller reassured them with a smile that it was contained and all's well and Jeff's money is safe. IF the teller isn't a mushroom too, neither Jeff nor any of his crowd are discerning enough to see the fakeness of the teller's smile, the slight shaking of her hands as she knowingly lies to him.
It won't be until the slop hits the spreader that you'll see grocery store panic and so forth. Bluntly put, when you see shortages and people squawking in Walmart and HEB, it will be too late to do much of anything besides endure. So your 'up your preps' admonition is dead on. Keep on trying to wake up people you care about, and keep the what-if game going in your head when you're out.
LYKURGOS
No Surrender, No Defeat!
Intel from two coin shops in southern MO finds little to no inventory. They were still glad to sell for cash or money orders into this little run. One dealer made the comment about the cash being worthless paper I thought not so worthless that you won’t take it. Some silver was only on his inventory 30 min before it was in someone else’s inventory.
RememberGoliad
Veteran Member
Milk-maid
Girls with Guns Member
Spot on. A little fear and some knowledge goes a long way toward preparedness.
Milk-maid
Girls with Guns Member
I've been hearing this from all the online bullion dealers willing to talk.
They can't keep supplies in stock. They are constantly re-ordering to fill the gap
night driver
ESFP adrift in INTJ sea
Stay tuned for Sunday's "PowWow DEATHBURGER 2023 Crisis 2023.2.3" thread.
coalcracker
Veteran Member
Slicing up some Pepper Jack cheese right now. Oh, yeah. We will be ready.
TxGal
Day by day
I agree with you, that was a great post. I headed to a large garden center about an hour away from us today after reading the gosh awful banking news this morning, and picked up some more fruit trees, blackberry bushes, and blueberry bushes, along with tomato and green pepper plants.
There were a LOT of people doing the same thing, I had a few conversations with younger couples to seniors in the checkout line...all mentioned the economy getting worse and increasing their home food production as much as possible.
Afteward I stopped at Tractor Supply to pick up some hardware items for DH, and checked on their Chick Days chicks and ducklings. They're almost gone...apparently a lot of folks have been buying chicks, moreso than usual. It's good to see that!
West
Senior
I've been eating a whole Anaheim pepper that's slightly fried on my sandwiches as of lately. Pepper Jack is a great topper!
alpha
Veteran Member
I don't think we're out of the woods by any stretch of imagination. If these bitmessage communications are primarily from the financial realm (as I believe them to be), there's a lot of things happening today and probably tomorrow as since the 82,000 messages processed yesterday as of roughly 11 am, we're now at 177,853 (95,853 more in 22 hours time)
LYKURGOS
No Surrender, No Defeat!
The more people that know, lends to more information leaks. So far they are keeping this pretty tight. When “they” keep a lid on a subject this big you know it’s going poorly for them.I don't think we're out of the woods by any stretch of imagination. If these bitmessage communications are primarily from the financial realm (as I believe them to be), there's a lot of things happening today and probably tomorrow as since the 82,000 messages processed yesterday as of roughly 11 am, we're now at 177,853 (95,853 more in 22 hours time)
bw
Fringe Ranger
Thanks for the laugh. No, we're not out of the woods.
RememberGoliad
Veteran Member
Sacajawea
Has No Life - Lives on TB
It is interesting to note that the BRICs have now surpassed the G7 for GDP growth, and that gap is expected to widen. (see: today's ZH article)
Like the apparent weaponization of the fedgov to push ideological/political agendas... doing this on a global scale, mixing up geopolitics with economics, ie, using economics (like sanctions) to enforce your will on independent countries... always backfires in extremely volatile ways. Especially, when you're lying to yourself about the health & strength of one's own economic resources.
Delusional policy (wishful thinking) making is one of the biggest problems we're dealing with, followed closely by the compulsive lying and control/censorship from our so-called leaders. I have to keep reminding myself to ask "what do we actually KNOW, for a fact"... and stick with that when planning any potential responses to these media "catastrophes". If I don't know anything for sure - I wait until I do. That's not always easy to do. But it does keep me from jumping from the frying pan into the fire, most times.
The banking issues exist within that delusional geopolitical environment, and the long association with fedgov cronies and the attendant corruption there, is beginning to ooze out of their self-inflicted wounds.
Like the apparent weaponization of the fedgov to push ideological/political agendas... doing this on a global scale, mixing up geopolitics with economics, ie, using economics (like sanctions) to enforce your will on independent countries... always backfires in extremely volatile ways. Especially, when you're lying to yourself about the health & strength of one's own economic resources.
Delusional policy (wishful thinking) making is one of the biggest problems we're dealing with, followed closely by the compulsive lying and control/censorship from our so-called leaders. I have to keep reminding myself to ask "what do we actually KNOW, for a fact"... and stick with that when planning any potential responses to these media "catastrophes". If I don't know anything for sure - I wait until I do. That's not always easy to do. But it does keep me from jumping from the frying pan into the fire, most times.
The banking issues exist within that delusional geopolitical environment, and the long association with fedgov cronies and the attendant corruption there, is beginning to ooze out of their self-inflicted wounds.
Tractor Supply gets new batches of chicks in every week during chick season. Ask them what day of the week they get their delivery if you are looking for more birds.
Bubble Head
Has No Life - Lives on TB
We are no longer the worlds reserve currency. That would cause a lot of severe constipation among the meeting members. How do they take care of themselves and friend’s first and then break it to the peons.
Tristan
Has No Life - Lives on TB
Tristan
Has No Life - Lives on TB
Run for the Hills!
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