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

originally posted by: carewemust

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.

I will not give her credit yet, why? because is the same script as the 2008 housing market crash, first it was no we will be bail out, then it was Pelosi coming out and saying that yes they needed to bail out to save America's economy.

Until this day nobody was held accountable for the 2008 crash, but the big money CEOs all got their rewards.

1 Trillion dollar mess, let see how long before the government gives in.

originally posted by: McGinty
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.

It can't be made a secret, it would need to be integrated into the Federal Reserve payment network which would require all 10,000 or so financial institutions in the United States to voluntarily sign up for the changes.

Not for nothing, but when it does come out people will willingly adopt it just like they will with the FedNow RTP platform that is coming this summer or did with mDL's when they have been introduced.

a reply to: McGinty

A vast majority of currency is already digital. Has been for some time.

There won’t be much of a difference if and when they roll it out honestly.

a reply to: marg6043

Who is making the payments to Ukraine?

The Feds.

She gets zero credits ever in my book.

originally posted by: CriticalStinker
A vast majority of currency is already digital. Has been for some time.

There won’t be much of a difference if and when they roll it out honestly.

Exactly.

And it will make it easier to purchase your next meal to 'eat ze bugz' or whatever the paranoia du jour happens to be.

a reply to: burntheships

Yep, not confidence on any of this corrupted crap whatsoever, none are working for America, they all work for the highest bider the sad thing, it is our tax dollars the ones that these crocks dare to misuse and abuse.

a reply to: marg6043

Tax dollars as we say - In their minds its a slush fund.

a reply to: Thejaybird

Do they though?

COVID changed a lot, especially when it comes to work. Now people don't actually have to live in the craphole where their work is. California has been chasing away more people than actually live there. There has been a massive net outmigration there since the advent of the work-from-home craze. Y'all have been exporting your crazies nationwide because it's much cheaper to live elsewhere and work remote.

SVB on the auction block as we speak.

Final bids due this afternoon.

a reply to: carewemust

Did they ever say what the warning bells in December 2022 were ?? 🐇🔊

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.

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.

ROFLMAO Ha Ha Ha Ha Ha. You are definitely from either LA or San Francisco.
"California lost 600,000 people as of July 2022. Most of the loss occurred during the first year of the pandemic. An increase in deaths, sharp declines in international migration, and a rise in residents moving to other states account for the losses."
www.ppic.org...

a reply to: xuenchen

I guess they were none, as the planned Jan 2023 bonuses went as schedule.

🤣🤣🤣🤣🤣🤣 who's falling for this BS ......


Dem Sen Bob Menendez Says He Hasn't Been Briefed On Bank Collapse Despite Sitting On Banking Cmte

IMO there is nobody more wired in the know about the financial world with currencies and how it works on ATS than Augustus.

But I am 100% convinced that world is going to see the tables flipped and turned over like Yahshua did in the Temple marketplace 2000 years ago.
This is where Augustus and I do not agree I am certain.
I see an honest and true jubilee at work and the old will make way for the new.
The Federal Reserve system is one of the most powerful forces in the history of the world.
But fall it must.
Fall it will.
If you want to know the facts of how it works you could not do better than listen to Augustus because he knows it well.
Better than any other authority on ATS.
If I did not believe as I do I would glean everything I could from him and probably become rich.
Instead, I need more chickens

originally posted by: AugustusMasonicus

originally posted by: McGinty
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.

It can't be made a secret, it would need to be integrated into the Federal Reserve payment network which would require all 10,000 or so financial institutions in the United States to voluntarily sign up for the changes.

Not for nothing, but when it does come out people will willingly adopt it just like they will with the FedNow RTP platform that is coming this summer or did with mDL's when they have been introduced.

originally posted by: Thejaybird
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.

Stupidity?

There is a script for these times I was made aware of 30 years ago by Share Int.
I believe this is also why you believe as you do.
From the ashes the Phoenix will rise.
Forgive me in hoping it is just ashes.
I really do hope for more.Even if we do get a NESARA outcome or something similar, I will still have to worry that was what was planned all along, at least as the alternate plan.

We both agree chaos is on the horizon, agreed?

originally posted by: AugustusMasonicus

originally posted by: McGinty
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.

It can't be made a secret, it would need to be integrated into the Federal Reserve payment network which would require all 10,000 or so financial institutions in the United States to voluntarily sign up for the changes.

Not for nothing, but when it does come out people will willingly adopt it just like they will with the FedNow RTP platform that is coming this summer or did with mDL's when they have been introduced.

originally posted by: Nevercompromise
If I did not believe as I do I would glean everything I could from him and probably become rich.

I don't know if what I share regarding the payments industry and the financial world will make you rich, just better informed. But if you do make some bank good on you.

Ellen Brown is an attorney, author of Web of Debt, and Founder and Chair of the Public Banking Institute.

I see an article by her today entitled "The Looming Quadrillion Dollar Derivatives Tsunami."

On Friday, March 10, Silicon Valley Bank (SVB) collapsed and was taken over by federal regulators. SVB was the 16th largest bank in the country and its bankruptcy was the second largest in U.S. history, following Washington Mutual in 2008. Despite its size, SVB was not a “systemically important financial institution” (SIFI) as defined in the Dodd-Frank Act, which requires insolvent SIFIs to “bail in” the money of their creditors to recapitalize themselves. . .

scheerpost.com...

originally posted by: ketsuko
a reply to: NightSkyeB4Dawn

Housing is setting up to crash again too, and this time the big speculators are holding lots of empty inventory.

I agree there are some giant whales who have been buying up neighborhoods & either they are very stupid to be playing in residential real estate or there is something coming in their favor that only they know .
I personally think there will plenty of people who want homes , but high interest & high house prices are bad news . I believe that the likes of Blackrock are buying up homes in order to keep people in high rent buildings within the cities .
Why make one profit on a sale of a home when you can milk ever increasing rent out of people for their whole lives . If the housing market crashes ( unlikely)
then groups like Blackrock will just sit on all their vacancies until interest rates drop & Biden is gone .

a reply to: marg6043
Coming closer by the second.