Things about to get spicy!! It looks like a couple banks are failing today
- Thread starter cam_blev
- Start date
And there it is...
www.cnbc.com
www.fdic.gov
Silicon Valley Bank is shut down by regulators, FDIC to protect insured deposits
The tech-focused bank was closed by regulators on Friday after attempts to raise more capital failed.
FDIC Creates a Deposit Insurance National Bank of Santa Clara to Protect Insured Depositors of Silicon Valley Bank, Santa Clara, California | FDIC
For Immediate ReleaseLast updated: March 12, 2023WASHINGTON – Silicon Valley Bank, Santa Clara, California, was closed today by the California Department of Financial Protection and Innovation, which appointed the Federal Deposit Insurance Corporation (FDIC) as receiver. To protect insured...
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Crypto crash: Bitcoin, Ethereum, Dogecoin prices plummet after Silvergate Bank collapse
There’s a lot going with crypto and stocks right now. We’ll try to sum it up.
She wants Government ran CBDC. Say no to that tyranny.
I warned they would come after the crypto. This probably gets worse. Be a hard no on CBDC when they start pushing that.
decrypt.co
This Week in Coins: After Silvergate and Silicon Valley Bank Collapse, Bitcoin and Ethereum Crash - Decrypt
A market-wide selloff was well underway in the wake of the collapse of Silvergate Bank. Then Silicon Valley Bank imploded.
decrypt.co
This Week in Coins: Silvergate, Silicon Valley Bank Collapse, Bitcoin and Ethereum Crash
Short Seller Who Predicted FTX, Silvergate Capital Collapses And Shorted SVB Financial Has New Banking Target: 'A Worldwide Money Laundering Story' - Signature Bank (OTC:SBNY)
The short seller who famously predicted the collapse of FTX and Silvergate Capital Corporation (NYSE: SI) has more stocks to call out and warn investors about.
www.benzinga.com
Short Seller Who Predicted FTX, Silvergate Capital Collapses And Shorted SVB Financial Has New Banking Target: 'A Worldwide Money Laundering Story'
Don't worry. They figured out a lie to use to blame trump.
I mean he is as responsible as any president but this is the fault of the entire system. This is what happens when you centrally plan your banking and financial systems. There will be failure, you will print to cover up the failure, rinse, repeat, until eventual total collapse. It has literally happened to every fiat money ever.
The Federal Reserve needs shit-canned...
that would be a great start
that would be a great start
It fixes so much when government cant print money to fund their crazy ideas
the problem with term limits is that it encourages short term change because after they are out of office its no longer their problem. just as an example, People will put this economics collapse on Biden but it was incoming no matter what he did, it was incoming no matter what Trump did either. Im not saying either one of their plans were good or bad but, in my opinion, Biden just happened to be holding the hot potato when the music stopped
Term limits means less corruption.
Term limits means those making the laws have to live and earn under those laws . Mandatory balanced budget is just smart .
What we have now is the dnc and rnc picking who we get to vote for . Each state could put spending caps on election campaigns.
This is definitely a move against crypto btw. You're right there. I expect Bitcoin to come out looking good here but I'm sure you knew that alreadyI warned they would come after the crypto. This probably gets worse. Be a hard no on CBDC when they start pushing that.
This Week in Coins: After Silvergate and Silicon Valley Bank Collapse, Bitcoin and Ethereum Crash - Decrypt
A market-wide selloff was well underway in the wake of the collapse of Silvergate Bank. Then Silicon Valley Bank imploded.
This Week in Coins: Silvergate, Silicon Valley Bank Collapse, Bitcoin and Ethereum Crash
I stopped putting my money in banks years ago. Only what is needed to pay bills and such goes in there. The rest of my green paper money gets traded for real money, gold and silver, and put away for safe keeping whilst I watch my wealth grow....
Money can make you rich, but only gold and silver will make you truly wealthy.
Money can make you rich, but only gold and silver will make you truly wealthy.
I going to root for the US Dollar and our country. Being I don't want to see everyone lose everything they have worked for. Bitcoin isn't going to save you.
If folks arent thinking gold and silver right now, I'd urge them to reconsider and do some research. Precious metals are God's currency. The only currency that has been around 5000+ years and is mentioned numerous times in the Bible. It's the best hedge against inflation people can have. Trade your printed fiat money in for real currency and grow your wealth instead of watching it dwindle down from inflation....
I'm not sure when you are going to figure out that what is good for one may not be good for the other. The damage to the dollar has already been done and it had nothing to do with Bitcoin. Bitcoin is just the life raft available to you when the dollar gets printed into oblivion.
If you like USD just wait until they give you USDD (digital dollar). These are the same people, the money comes from the same place and serves the same purpose, to control you. Its like saying you support the company now but their next product is the spawn of Satan.
I'm a hard no on CBDC. Bitcoin isn't going to be the solution. Other than that good luck. You should have invested in Quality Night Vision and an IR Laser Illuminator.
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We already have term limits. They are called elections.
You must begin with this basic premise: The overwhelming majority of Americans are dumb.
Goes back to the school discussion we had. Schools are too busy teaching the difference between quadrilaterals, parallelograms, and rhombuses to bother teaching what's truly important - financial literacy, etc.
As such, people believe that in DC the letter (R or D) beside a person's name means something. It doesn't. That's why so many people, even on here, get tricked into this parlor game of attacking the other side - calling them socialist, racist, or whatever. It's just truly ridiculous.
Instead, we can all fix DC by doing this - in the next election vote out EVERY incumbent who has been there for more than one term. Doesn't matter if Republican or Democrat. Vote them out. The next election do the same thing. There is your term limit. There is your accountability. It will only then make a difference which candidate you support because there will be REAL differences between them. There will be accountability to the people they represent again.
Until then, we're just wasting our time and energy.
The greatest wealth one can have can't be found in gold, silver, bitcoins, or dollars.
It's faith in God and the ability and willingness to provide your own food, clothing, and shelter by your own brainpower and sweat.
Everything else is just protection from you having to do it and hoping someone else will and can.
It's faith in God and the ability and willingness to provide your own food, clothing, and shelter by your own brainpower and sweat.
Everything else is just protection from you having to do it and hoping someone else will and can.
Since, as you say, the majority of Americans are dumb, your plan won't work. That's why there needs to be official term limits put in place and why political parties need to be banned. When you run for office, you run under your own name and nothing else. Time to force people to do their own research on candidates instead of automatically selecting the one with an R or D by their name.
Yes, faith in God is number one. Even so, I doubt you would walk down the street and leave a chunk of gold or silver lying on the ground regardless of how bad things get.
If someone in 1955 took a dollar bill and a silver dollar and put them in a safe to pull them out in 2023, the paper dollar would be worth $1. The silver dollar is worth $35-40 for its collectability, but around $20 in silver weight. If you save money you are doing nothing but losing money as inflation rises. Do your grandkids a favor and save precious metals.
Gold, silver, or bitcoin are more trustworthy than the American dollar. American dollars arent even that anymore, they are federal reserve notes and have zero part of the American government. The fed prints the money and loans it to our government to be paid back with interest. Saving it will only ever lose. I've been saying that for years and a lot of people who rolled their eyes look like fools now.
Gold, silver, or bitcoin are more trustworthy than the American dollar. American dollars arent even that anymore, they are federal reserve notes and have zero part of the American government. The fed prints the money and loans it to our government to be paid back with interest. Saving it will only ever lose. I've been saying that for years and a lot of people who rolled their eyes look like fools now.
I'm on board with gold and silver, but the problem is you still need to pay for things with the American dollar. The grocery store doesn't accept gold or silver. Also, gold and silver don't let you own stake in a business like stocks do, which pay dividends. Gold mostly trades sideways and doesn't seem to be a great hedge against inflation, so you have to find a way to at least make up the difference you are losing to inflation. Either way, the gold standard should have never went away.
I get term limits is by elections.
Problem is the money pouring into campaigns and who controls the money. The rnc and dnc decide on who you can vote for . If they have a candidate that will kneel before them then they give them all the money. Term limits stops them a little. I would also like to see a spending cap on elections.
If only it were that simple. Example: Here’s 2 rotten eggs, pick one to eat. While you’re somewhat correct in voting them all out, we must have a viable replacement to vote for. It’s gonna take a national grass roots initiative to find representatives in all 50 states with the same agenda to replace all the establishment types in office. It’s not gonna happen overnight. And probably not in our lifetimes
Need a consistent rotation in ideas and job experience in our representation. For the life of me I can't understand why people flock to lawyers as good candidates. They go to school to learn how to play word games. They simply pass laws to make themselves more needed.
Lawyers are a love hate relationship. You only love them when you need them.
You are right, it still needs to be turned into cash, which is cool because its very easy to do. I dont use gold or silver as an investment, or even a short term storage. It is a great hedge against inflation as long as people go into it with a long term mindset. I would not recommend buying gold and silver with money you'll need back soon. But it is great for long term savings. A store of value. Much safer than saving cash in a bank.
Silver is what I've been saving more of the last few years. With its industrial use in solar panels and EV's, I expect to see it climb over the next decade. Also, silver is cheap enough that anyone can buy some. Not too mention, some of the options are beautiful and collectable. Silver coins and rounds can be a lot like trading baseball cards for some folks. They are good at it. I'm not however lol. So I just save it. I got my start on silver coins when I was 14. My great grandma left me 20 morgan silver dollars. I grew that stack to almost 80 morgans now, along with a lot of other old coins. Lately Ive been trading for silver bullion bars and rounds. If I sold everything I have now, I would make a significant profit. But I'll wait.
Oh yeah, gold and silver are not taxed. Which is one of the reason folks like Trump and most billionaire types hide their wealth in it. Those guys dont save much in cash. They save in gold and silver.
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