Is The Economy Just Now Falling Apart

[bormotello]

Silicon Valley Bank calls NYPD on investors trying to pull cash out https://www.dailymail.co.uk/news/ar...ull-cash.html?ito=native_share_article-bottom


That makes for gruesome reading.

Coincidence?

Joseph Gentile | Leerink Partners

Joseph Gentile is the Chief Administrative Officer at Leerink Partners. Prior to joining the firm in 2007, Mr. Gentile served as the CFO for Lehman Brothers’ Global Investment Bank where he directed the accounting and financial needs within the Fixed Income division. Prior to that, he served as...

www.svbsecurities.com

 

[Declan]

Coincidence?
View attachment 583

Joseph Gentile | Leerink Partners

Joseph Gentile is the Chief Administrative Officer at Leerink Partners. Prior to joining the firm in 2007, Mr. Gentile served as the CFO for Lehman Brothers’ Global Investment Bank where he directed the accounting and financial needs within the Fixed Income division. Prior to that, he served as...

www.svbsecurities.com

These pricks, despite being useless, still seem to continue on like the battery bunny.

America is about bravado and brass necks. These shythehawks are so convinced they are superior that so do others.

Nobody says, the emperor has no clothes.
Nobody says, this lad is a useless fool in a fancy suit.

 

[Declan]

Quick Share

Expired

linksharing.samsungcloud.com

Looking very dicey. This is Saturday in California.

 

[Coal Gas and peat]

I have big cheque to lodge in the bank and I am thinking instead to buy gold. The Irish banks could collapse

You will have to put the cheque in the bank to get cash

 

[Declan]

Fed and FDIC discussing backstop to make SVB depositors whole and stem contagion fears: Source

Fed and FDIC discussing backstop to make SVB depositors whole and stem contagion fears: Source

Financial regulators are discussing two different facilities to manage the fallout from the closure of Silicon Valley Bank.

www.cnbc.com

Looks like they are going to insure ALL DEPOSITS.

Well they can do that theft with one bank but not with many more. So it is a gamble, to prevent runs.

We shall see in 4 hours how markets react

 

[Declan]

Regulators seize Signature Bank in third-largest US bank failure

Signature Bank becomes the second regional bank to failure in two days as regulators seek to restore calm to the banking world before markets open.

finance.yahoo.com

Signature Bank becomes the second regional bank to failure in two days as regulators seek to restore calm to the banking world before markets open.




And another bank is taken over.


AND ALL DEPOSITS ARE COVERED.

 

[Mad as Fish]

Regulators seize Signature Bank in third-largest US bank failure

Signature Bank becomes the second regional bank to failure in two days as regulators seek to restore calm to the banking world before markets open.

finance.yahoo.com

Signature Bank becomes the second regional bank to failure in two days as regulators seek to restore calm to the banking world before markets open.




And another bank is taken over.


AND ALL DEPOSITS ARE COVERED.

Not much change going to be left over for Piss Pants to go buying pop pops for his mate Zelensky.

 

[Declan]

Maybe a third bank will fail. They will have to scramble for cash with the debt limit reached.

So.etimes things don't break for a few days

 

[Declan]

Well we have seen some hours in suspended amination. The Dow futures were up about 375 and now 10 hours later they are just beginning to roll over and are up just 55.

Gold and silver are up.

The dollar is down. Watch the dollar

 

[Declan]

And 4 hours later the Dow futures are down about 175.

I see silver up over a dollar on very heavy volume.

Silver is heavily traded down so there would be major stress if the futures head up and would kill the shorts

 

[Anderson]

Pisspants is speaking

https://twitter.com/i/broadcasts/1dRKZMnWYvmxB

 

[Anderson]

View: https://twitter.com/disclosetv/status/1635273551409471488?s=20

 

[Coal Gas and peat]

 

[Declan]

Well gold is up 50 bucks anywY, that is a start.

 

[Declan]

Bottom line is that something has to give , and it looks like the dollar. But it is deceptive as the other currencies are dead ducks also.

 

[Declan]

Looks like the Dow can't stay positive on the day.

 

[Zipporah's Flint]

Bottom line is that something has to give , and it looks like the dollar. But it is deceptive as the other currencies are dead ducks also.

China's efforts to get the Islamic Republic of Iran and Saudi Arabia to patch things up seem to bearing some fruit and this could very possibly mean that the "petro-dollar" may soon be in trouble. Maybe moving to Madrid might be a good idea after all.

 

[Fishalt]

Today the price of West Texas Crude is again up above 82 dollars. Heating oil is going to be 45% higher than last year, about $600 extra.

Everything is set up for a dramatic turn of events now..

I was surprised to learn how much Europe still relies on heating oil. No such thing downunder, everything's gas.

 

[Anderson]

Made some good money yesterday on Bitcoin, purchased at a low month back, and was thinking I had wasted 10k, but yesterday it climbed 10% before dropping, a nice 1k profit.

The moral of the story is when shit is about to hit the fan, cash in!

 

[Coal Gas and peat]

Another 10K jobs to go globally at meta/facebook