sharkman

Indicted? Suckers...

Could you please make some sort of point? That is connected to the title of this thread you’ve started? I rewrote that three times, in an attempt to be dispassionate. Success may have eluded me.

It might actually come to this. Once they indict Trump, and then the other side spills what they have on Biden and Biden Jr, it might get pretty ugly. If inflation and the economy gets worse or even doesn’t improve, and people have to choose between food and heat, it WILL get ugly.

I get a feeling that Trump would be the better of the 2 options for Republican president.

2500 people and families that lost an income. This may mean nothing to you, but it means something to their lives.

Either way, it was caused by the same economic conditions and market. You want to believe their press release while they no doubt line their own pockets? Knock yourself out.

Perhaps your sources aren’t that reliable. Look up Silvergate Bank.

To be honest with you, I’ve never working in the banking industry in any capacity. I do, however, have the ability to say that when 3 banks collapse in 4 days, that dropping stock prices, as well as investors heading for the exits, seem to be detrimental to a bank’s health.

And here’s more wreckage from the crisis: https://finance.yahoo.com/news/us-regional-banks-remain-under-092829687.html “Most banks are solvent under normal circumstances. The problem is, pretty much no bank can withstand a full bank run,” said Steve Sosnick, chief strategist at Interactive Brokers LLC. “The FDIC action removes the idea of a deposit bank run, but what we’re seeing is an investor bank run,” he added. First Republic Bank sank 79% for a record drop, sparking multiple halts for volatility Western Alliance Bancorp lost 85%, its biggest drop ever PacWest Bancorp was down 60%, hitting a record low Among other regional banks sinking more than 20% on Monday and triggering halts: Customers Bancorp Inc., Comerica Inc., Zions Bancorporation, East West Bancorp and Bank of Hawaii

This has been a long time coming. Michael Burry has been warning about another major crash, like the one he saw coming in 2004 or so. When it happened in 2008, he was ready for it and made something like 500% for his investment firm. It could be a bloody Monday.

And another bank bites the dust, moonbat. Makes one wonder how the employment numbers will be affected with these bank failures. https://www.cnbc.com/amp/2023/03/12/regulators-close-new-yorks-signature-bank-citing-systemic-risk.html U.S. regulators on Sunday shut down New York-based Signature Bank, a big lender in the crypto industry, in a bid to prevent the spreading banking crisis. … Signature is one of the main banks to the cryptocurrency industry, the biggest one next to Silvergate, which announced its impending liquidation last week. It had a market value of $4.4 billion as of Friday after a 40% sell-off this year, according to FactSet.

https://news.yahoo.com/svb-fallout-spreads-around-world-154331383.html “Fears of contagion have reached Canada, India and China. In the UK, SVB’s unit is set to be declared insolvent, has already ceased trading and is no longer taking new customers. On Saturday, the leaders of roughly 180 tech companies sent a letter calling on UK Chancellor Jeremy Hunt to intervene. “The loss of deposits has the potential to cripple the sector and set the ecosystem back 20 years,” they said in the letter seen by Bloomberg. “Many businesses will be sent into involuntary liquidation overnight.” The SVB failure has implications around the world it seems, which could make for an interesting Monday. And Yellen has apparently said no bailout is coming.

SVB had holdings of other banks. Apparently 90% of their total accounts were uninsured. You know what that means folks? They are going to be out of luck. Here’s some more thoughts: https://www.dailymail.co.uk/news/article-11847965/Financial-markets-brace-following-Silicon-Valley-Bank-death-spiral-bank-stocks-50.html “The ripple effect has already hit similar institutions, such as New York's Signature Bank, which saw its share price plummet 23 percent before trading was halted when the news of SVB's demise came in. The share price of First Republic, the 16th largest bank in America, also crashed by 14.8 percent and Pac West dropped by 37.9 percent. University of San Diego finance professor Dan Roccato cautioned that while SVB was 'a niche bank', more firms are likely to face troubling times ahead.” Have you ever heard of the phrase, never let a crisis go to waste? Bill Clinton’s favourite saying, and governments the world over love to employ this. When some crisis or other happens, that’s the time to force through an “emergency” bill or change, because people will be fearful and more accepting of a change that is said to help them. Think big, now. What financial change do the governments have waiting in the wings right now, ready for an emergency?

Yeah? Well let’s see what happens when this contagion works through the economy: https://www.cnbc.com/2023/03/10/silicon-valley-bank-tumbles-for-a-second-day-weighing-on-the-bank-sector-again.html Shares of Silicon Valley Bank, tumbled for a second day Friday and weighed on the entire banking sector again on concern that more banks would incur heavy losses on their bond portfolios. Concern among founders and venture capital investors spiked earlier this week after Silicon Valley Bank surprised the market by announcing late Wednesday it needed to raise $2.25 billion in stock.

Oh wait. I thought it was Russia Russia Russia. And you all just bought that nonsense about Russia because your trusted sources of propaganda said so. Now that the powers that be realize that they are losing their grip on the public, they come out with a new fake news story. It wasn’t Russia. It was Ukraine. Supporters. Not a nation, but a group. They know the political leanings of this group, but they don’t know who it is. Really. That has the top tier kind of technology that Ukraine wouldn’t have. To set explosives on the bottom of the ocean, strategically placed to properly take out 2 gas lines. And remember, it wasn’t Germany, USA or Russia. It was a “group” that doesn’t contain them. But it has technology on par with the US Navy. Got all that? It wasn’t the US that only threatened twice to take out the gas lines, spoken by two top level officials, including the office of the president. They had nothing to do with it, ignore those whistle blowers. ?

How about this headline to drive it home to moon guy, the Iraqi MInister: https://ca.finance.yahoo.com/news/us-home-prices-could-tumble-175620352.html?guccounter=1&guce_referrer=aHR0cHM6Ly93d3cuZ29vZ2xlLmNvbS8&guce_referrer_sig=AQAAACZ0STMjmbtVXq5IfI6pdsgC5FjViEEYe3QRU5FDv5z3ZCAeQfCt1GVKEoXps1rBJGHdzMROqQZ_xtAcDJhdTIpvF9GT3G2zRrHpjXNnfI40jWT6HzHkwDVByGmrZ76_t_YQ5-Be-ZX_8G84mw1hpAKSrZGj3XKedfcv6axAleEt "[I]f the observed price-to-rent ratio grows at an explosive rate relative to its fundamental-based ratio estimated with long-term interest rate and rent growth data, the bubble hypothesis merits attention," they said." "The possibility of a domino effect, where investors pull out of international housing seeking safety and liquidity elsewhere, also raises concerns of spillovers beyond Germany or the US to the global economy."

Let's take a look at some current headlines, and see what the Iraqi Minister of Propaganda has to say about them: https://www.reuters.com/markets/us/blackstone-blocked-investor-withdrawals-71-billion-reit-february-2023-03-01/ "Credit Suisse downgraded its rating of Blackstone's stock to underperform in November partly because of the rise in investor redemptions from BREIT. Blackstone's shares were down 0.25% at $90.57 per share in afternoon trading on Wednesday. The stock lost 43% of its value last year. Blackstone has been exercising its right to block investors' withdrawals since November last year after requests hit a preset 5% net asset value of BREIT, which is marketed to mostly high net worth individuals." https://www.marketwatch.com/story/wealthy-clients-pulled-more-than-100-billion-from-credit-suisse-in-the-fourth-quarter-11675934028 "Beleaguered Swiss banking giant Credit Suisse on Thursday revealed that wealthy clients pulled 92.7 billion francs ($101 billion) out of the bank in the fourth quarter. Credit Suisse CSGN, +8.33% CS, +6.69% said two-thirds of the net asset outflows were in October, at a time of intense social-media speculation around its ability to survive. Credit Suisse has since announced a sweeping restructuring plan." https://www.reuters.com/business/finance/blackstone-defaults-562-mln-nordic-property-backed-cmbs-bloomberg-news-2023-03-02/ "March 2 (Reuters) - Blackstone Inc (BX.N) has defaulted on a 531 million euro ($562.5 million) bond backed by a portfolio of offices and stores owned by Finnish company Sponda Oy, as rising interest rates hit European property values. The private equity firm sought an extension from the bondholders to repay the debt, but they voted against it, a source familiar with the matter told Reuters. Shares of the private-equity firm fell 1.6% after news of the default was first reported by Bloomberg." This is obviously not good news, and anyone, like moonbox, who wants to pretend that this isn't happening right before our eyes is blind. Then we hear yesterday that Nordstrom's is pulling out of Canada, leaving 2500 people out of work. We are in for a major correction, and anyone buying a house right now before prices plunge in Canada is what's called the dumb money.

So I heard on the down low that India started selling off USD to support their currency. Apparently other countries might be also selling off USD, putting downward pressure on the yankee buck. We shall see what develops.

PP is a wef stooge just like Trudeau. What we need is a new party, not infected with the globalist BS that wants us to own nothing and be happy. Live in 15 minute cities and pay with a digital currency that allows government to track every cent you earn. What we need is a reform party.

There is much more to America’s success than being a federation of sovereign states. The many wars she has been involved in are a tragedy on the American people, foisted on them with lies, propaganda and outright evil. It is a miracle that America has lasted as long at it has. Its enemies have long plotted its demise. Economics, energy and endless regulations. Yes, some of the enemies have definitely been from within. But take heart, the last chapter hasn’t been written yet…

It's not a theory. At least 2 whistleblowers have corroborated the account.

Bank of America strategists are warning of a big drop in the S&P 500 by March. “Fed tightening always breaks something” https://www.marketwatch.com/amp/story/fed-tightening-always-breaks-something-s-p-500-will-drop-to-3-800-by-march-warn-bank-of-america-strategists-e86be31e “Hopes for a “soft landing”, that would see U.S. economic growth slow gently without tipping into a recession as borrowing costs rise, have faded recently following stronger-than-expected economic data. A “hard landing” where the economy does fall into a recession is not likely either and as a result the talk has been about a “no landing” outlook in which the economy keeps growing even as central banks keep raising interest rates.”