John Stark
.44 mag
Genevieve Roch-Decter, CFA
@GRDecter
·
3h
BREAKING: The FED raises rates 0.25%. ALSO BREAKING: Inverse Cramer never fails.
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So sell then? Message received Jim, thanks buddy!
Buckle Up Part 3: US Studies How To Guarantee All $18 Trillion In US Bank Deposits!?!?!
- Thread starter John Stark
- Start date
So sell then? Message received Jim, thanks buddy!
Acer-m14
20×102mm Vulcan
the fast way to Socialism ..
https://twitter.com/GRDecter
@GRDecter
BREAKING: PacWest Bancorp Stock Falls 55% in After-Hours Trading. Uh-oh.
Last edited5:37 PM · May 3, 2023
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DoOver
.450/400 Nitro Ex
Genevieve Roch-Decter, CFA
@GRDecter
·
2h
Top 10 banks now control over 65% of all U.S deposits: 1) JPMorgan Chase & Co.: $2.4 trillion 2) Bank of America: $2.0 trillion 3) Wells Fargo: $1.4 trillion 4) Citi: $1.3 trillion 5) U.S. Bank: $500 billion 6) PNC Bank: $450 billion 7) Truist: $420 billion 8) Capital… Show more
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DoOver
.450/400 Nitro Ex
Back in line subject!!!If we can just print money then why do I pay taxes??
DoOver
.450/400 Nitro Ex
Genevieve Roch-Decter, CFA
@GRDecter
Americans are worried about their life savings in regional banks Meanwhile the "Pepe" shitcoin is up 1,100% in a few days and has a market cap of $1.3 billion The market is perfectly healthy
10:13 AM · May 5, 2023
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Arjuna
.338 Win Mag
DoOver
.450/400 Nitro Ex
livingston
20×102mm Vulcan
Chart of the Day: Half of US Banks Are Underwater
The twin crashes in US commercial real estate, and the US bond market have collided with $9 trillion in uninsured deposits in the American banking system. Such deposits can vanish in an afternoon in the cyber age.
Chart of the Day: Half of US Banks Are Underwater | Right Wire Report
Almost half of America's 4,800 banks are already burning through their capital buffers and face potential insolvency. Is this a real concern?
rightwirereport.com
DoOver
.450/400 Nitro Ex
https://twitter.com/WallStreetSilv
@WallStreetSilv
Translation: Please stop taking your money out of the casino
8:52 AM · May 8, 2023
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@WallStreetSilv
Translation: Please stop taking your money out of the casino
8:52 AM · May 8, 2023
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40.6K
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TEOTWAWKI inc.
.338 Win Mag
US Government May Freeze American Bank Withdrawals As Currency Panic and Capital Flight Mounts: Macro Guru Hugh Hendry - The Daily Hodl
Hedge fund manager and macro economic expert Hugh Hendry just issued a major warning on the US banking system and the American economy as a whole.
dailyhodl.com
Hugh Hendry Says Time Is Now To Own Ultra Long Treasuries
Hugh Hendry, Eclectica Macro Founder, told Alix Steel and Guy Johnson the time is now to own ultra long treasuries. Hendry said this Thursday morning on "Bloomberg Markets: Americas." (Source: Bloomberg)
www.bloomberg.com
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Xae289
.223 Rem
Geez, Hannibal Lector, are you stockpiling fava beans and a nice chianti to go with that?just saying lol
Here we go boys.
ANALYSIS: Invoking the 14th Amendment as Plan B to Avert Debt Default? ANALYSIS: Invoking the 14th Amendment as Plan B to Avert Debt Default?
ANALYSIS: Invoking the 14th Amendment as Plan B to Avert Debt Default? ANALYSIS: Invoking the 14th Amendment as Plan B to Avert Debt Default?
As U.S. Bank Deposits Resume Outflows, How Quickly Will The U.S. Dollar Collapse?
While it has been a relatively quiet week in the financial sector, it may not be long before the economy takes over headline news again. ZeroHedge News reported today that U.S. banks are experiencing more runs on deposits. Pam Martens of Wall Street on Parade addressed the current "credit...
healthimpactnews.com
This is how the savings and loan crisis in the late 1970s - early 1980s started. People pulled their money out of them in favor of money market funds. Looks like history is repeating.
libertysnake
.338 Win Mag
I highly doubt there will be a debt crisis. If there is any consensus among all the media sources I consume on financial info -- which is basically all I do, all day long, is just background listen to the talking heads -- is that there is zero concern here that the debt limit will be raised.
Also, they seem in no way concerned about bank consolidation. This is actually quite normal. We used to have 14-15,000 banks years ago compared to the 4,000 or so we have now:
This has dwindled, and banks have "failed" due to competition when we started to allow our banks to operate across state lines, which is why we see these numbers dropping steadily over time. Previously we didn't allow, or states didn't allow, for financial institutions to operate across state lines.
We also have FAR more banks than other countries because we actually want to prevent consolidation of wealth institution wise due to it being riskier, if I recall the reasoning correctly. The UK, by contrast, only has a few hundred, if that.
So overall, the consensus I'm hearing is non-concern and business will carry on, after a pony show, as usual.
Also, they seem in no way concerned about bank consolidation. This is actually quite normal. We used to have 14-15,000 banks years ago compared to the 4,000 or so we have now:
BankFind Suite
banks.data.fdic.gov
This has dwindled, and banks have "failed" due to competition when we started to allow our banks to operate across state lines, which is why we see these numbers dropping steadily over time. Previously we didn't allow, or states didn't allow, for financial institutions to operate across state lines.
We also have FAR more banks than other countries because we actually want to prevent consolidation of wealth institution wise due to it being riskier, if I recall the reasoning correctly. The UK, by contrast, only has a few hundred, if that.
So overall, the consensus I'm hearing is non-concern and business will carry on, after a pony show, as usual.
Lol. Petro Dollar is no more. Major impact!!
spat
.700 Nitro Express
Backing the deposits with real assets is a band aid at best in a fractional reserve system.I agree with eliminating the Federal Reserve and getting rid of a very large swath of Federal (and state) spending.
Not that it really matters any longer, but I do think FedGov has a role to play in banking given our Constitution.
One step that I think would go a long ways would be to go back to something like Glass Steagall:
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Glass-Steagall Act of 1933: Definition, Effects, and Repeal
The Glass-Steagall Act was established in 1933 and repealed in 1999. It was designed to separate commercial banking and investment banking.www.investopedia.com
Depositor (commercial) banks should not be allowed to speculate at all in any paper markets, whether its stocks or bonds or whatever. Alternatively, depositor banks would be allowed to only invest in things that actually exist, like real estate, and other forms of property such as real manufactured goods. In other words, commercial bank investment would have to be backed up by real assets, not the paper trading scams. If the bank gets in trouble, there are real assets backing the deposits, and customers would have a right to not allow their funds to be invested in such a manner, paying a premium to opt out and have their money secured and untouchable. A pipe dream, I know!
Investment banking should not be allowed to do retail banking at all. Their depositors know that they are putting their money into investments that are NOT secure, and accept that risk. No FDIC, no Federal Reserve backstop. There would have to be heavy penalties for fraud, very heavy penalties. You invest, you know your money is AT RISK.
I also think that we should go back to 5 business days for all banking; banks of either type by law would be closed saturday and sunday. The onset of digital trading is bringing about a 24/7 need for anyone in the market to ride their portfolio and wonder when the next bankster/government crime wave is going to wipe them out because they wanted to spend a day with their family. To make up for the banks being closed on the weekends, I would make the banks open at 6am and remain open until 6pm, so most people can get there sometime during the day. I believe a 24/7 wide open market, where billions and trillions are being shuffled around, and currency speculation (money changing) is wide open, can not only lead to extreme volatility and rapid bankruptcy, but to rampant fraud and criminal schemes big and small. Further, I think a 24/7 cycle of bankster bullshit gives in to human oversight of their own wealth, and puts everyone at the mercy of banking programs and AI that no one can keep up with.
I know its a moral point I am making that a 24/7 banking/trading window is not healthy for people or society, but I stand by that. People need to get out of the bubble once in awhile and breathe some fresh air.
Also, I reject Fiat Money, digital currency, and money that is not backed up by tangible assets like precious metals and other commodities.
Even if they were only allowed to invest in piles of physical gold and silver, the fractional reserve means that you get gold worth $0.10 on your dollar when they go under.
Certainly less speculation has value, but it isn't a panacea.
There is no solution that can replace consumer vigilance with government oversight. If the people running the bank are crooked, take your money elsewhere. It is up to you to evaluate them.
spat
.700 Nitro Express
If that happens, then it doesn't matter what they do in DC, we're fucked.
Every Ponzi scheme eventually collapses, and the investors inevitably get screwed. "The only way to win that game is not to play, or to die before it's over".
John Stark
.44 mag
Since I am in favor of smashing the Federal Reserve into the dust bin of history and the fractional reserve system it created, your criticism has nothing to do with my position.
spat
.700 Nitro Express
We are in agreement there.
My only criticism was against the notion that forcing them to use less speculative assets in reserve would be productive.
DoOver
.450/400 Nitro Ex
Acer-m14
20×102mm Vulcan
look at that housing for the border jumpers LOL ..
WHAT’S $600 BILLION AMONG FRIENDS? (the entire link is shown below...
"The greatest banking minds in the world didn’t realize buying bonds paying .5% interest would lose value when the Fed increased rates from 0% to 5%? What a bunch of morans. As long as they aren’t forced to sell these bonds, all is well. Extend and pretend.
Sure would be tragic if there was a coordinated massive withdraw of deposits from these banks and they were forced to sell these bonds to satisfy depositors."
"The greatest banking minds in the world didn’t realize buying bonds paying .5% interest would lose value when the Fed increased rates from 0% to 5%? What a bunch of morans. As long as they aren’t forced to sell these bonds, all is well. Extend and pretend.
Sure would be tragic if there was a coordinated massive withdraw of deposits from these banks and they were forced to sell these bonds to satisfy depositors."
RedBreast21
6.5 Creedmoor
Not socialism. Totalitarianism. Much worse. lol
spat
.700 Nitro Express
Same = Same.
One is an airplane after the wings fall off in flight.
The other is the same plane after it hits the ground.
Socialism = central control over the economy.
Control over the economy *implies* control over everything.
Any degree of autonomy you might think you have is just because they don't care about that detail right now, not that they won't get there eventually.