Buckle Up: Silicon Valley Bank Seized by the Fed

Drinkthekoolaid

Drinkthekoolaid

.475 A&M Magnum
U.S. Military
Messages
16,207
Reaction score
28,685
Location
Unfortunately, NY
John Stark said:
While that talking head Cramer was telling people through his cable news show to keep their monopoly $ in SBV, the CEO of SBV had already grabbed a bucket weeks prior and was bailing out his own life boat without telling the other passengers that the cruise ship had hit an iceberg:

www.breitbart.com

Silicon Valley Bank CEO Sold $3.5M of Stock Two Weeks Before Collapse

The CEO of Silicon Valley Bank sold $3.57M of company stock just two weeks before the bank collapsed on Friday.
www.breitbart.com www.breitbart.com
Click to expand...

Lol

I saw there is actually a fund that bases it's investments on shorting stocks he backs.
 
JunkBoxFull

JunkBoxFull

6.5 Creedmoor
Messages
2,034
Reaction score
3,539
Location
Movin On
tirwin1 said:
I understand the sentiment but if this starts a wave of bank closures trust me you are going to give a shit.
Click to expand...
No, actually i won`t & don`t give a sh!t. I prepared for it a long time ago. This will hurt the rich snobs far more than it will ever hurt, me.
The rich snobs have a whole hell of alot more to lose than i do. If you`ve never had much of anything to start with, you lose alot less. ;)

If you go back a few years, Trump wanted to crash the central banks, and wipe the slate clean. Why do you suppose he wanted to do that.
 
JunkBoxFull

JunkBoxFull

6.5 Creedmoor
Messages
2,034
Reaction score
3,539
Location
Movin On
DoOver

DoOver

.450/400 Nitro Ex
Messages
12,085
Reaction score
29,298
Location
Catskill Mountains Of New York

​



See new Tweets

Conversation​










Weimar Silver Baron

@BankerWeimar


Picture a forest full of dead trees, half dead trees, and healthy trees. Two of the dead trees have just burned … is the Rest of the forest safe? Only way to ensure this doesn’t happen again is to let it burn. We will try stop it though… then try to “manage it”. Soon.


Image

3:13 PM · Mar 11, 2023
·
163
Views
 
DoOver

DoOver

.450/400 Nitro Ex
Messages
12,085
Reaction score
29,298
Location
Catskill Mountains Of New York
Defilade

Defilade

.700 Nitro Express
Messages
25,892
Reaction score
37,399
Location
Elsewhere
JunkBoxFull said:
Hey D,
forgive me for being old and stupid, but what good is gold or silver, if nobody else has anything to trade you for it.
Click to expand...
No? lol. Ask the people of a thousand years ago. Gold and Silver has outlasted the test of time. You need to reword your question... What will people trade you when green backs are worth nothing? Gold and silver I can roll into any currency.
 
John Stark

John Stark

.44 mag
Messages
940
Reaction score
2,747
Location
IAM
DoOver said:
View attachment 193102
Click to expand...
So not literally a bread (food) line, but they are standing in line to try and get some dough ($) out of the banksters they put their trust in.

Sucks for regular people, but the warnings about the instability of the entire ponzi scheme have been proven to be prophetic since 1913 and the creation of the Federal Reserve.

What we need now is more regulation of the "financial" and "banking" sector. If we can't print our way out, maybe another Dodd/Frank 5,000 pages of useless "legislation" and "regulatory oversight" will turn the trick this time around!

Probably need some more tax categories and other means of dividing people up into controlled little economic groups. Price controls! Withdrawal limits! Cash banned! Tracking all of our movements and interactions (especially financial interactions). Hmmm, what else? Feel like those options just won't cut it.

Maybe a permit to participate in society? Something more than a Birth Certificate, and a SS#, and a Driver's Licence, and a Tax ID? Something that is totally secure and can never be faked or spoofed or used for fraud! Yeah baby!

Like a mark on the hand or the forehead, so that none can buy or sell unless they worship the Beast?

Nah, that's conspiracy theory.
 
JunkBoxFull

JunkBoxFull

6.5 Creedmoor
Messages
2,034
Reaction score
3,539
Location
Movin On
Defilade said:
No? lol. Ask the people of a thousand years ago. Gold and Silver has outlasted the test of time. You need to reword your question... What will people trade you when green backs are worth nothing? Gold and silver I can roll into any currency.
Click to expand...
So my question still remains the same, to you. What if there is nothing left to "roll into".
 
Jsmegs77

Jsmegs77

.308 Win
Messages
3,189
Reaction score
5,963
Location
Susquehanna Co. PA
tirwin1 said:
What I don't understand is how $42 billion was withdrawn in a day. That's obviously a lot of wire transfers by people in the know, not ordinary people closing their checking accounts. This stinks of insider information.
Click to expand...
That’s precisely what it is. People inside who saw it phoning their buddies and saying “Hey, it’s about to get real sporty soon. Get your accounts out of here yesterday!”
 
Jsmegs77

Jsmegs77

.308 Win
Messages
3,189
Reaction score
5,963
Location
Susquehanna Co. PA
You must log in or register to reply here.
Top