This is interesting as a sentiment indicator.
I perfectly understand that they will not get their way but the mood is present worldwide. Buckle up. Not over
This is interesting as a sentiment indicator.
I perfectly understand that they will not get their way but the mood is present worldwide. Buckle up. Not over
I’ve had some time to rethink my response.
During QE the banks took in unanticipated deposits. Let’s forget about FDIC for this exercise. They needed to offset that liability with assets.
The banks bought US Treasuries. Supposedly the safest instruments on planet earth. (Be quiet Tellafriend, I know)
The brightest economists and Druff told you that inflation was transitory. Supply chain. Covid. China. Truckers. It would all get sorted. Were the bankers with skittle colored hair dumb? What did they do wrong?
What did they do that every other bank didn’t do?
This is America damnit and if you can’t put your faith in Treasuries you are indeed a communist Mumbles. I’m joking comrade.
Of course, that proved disastrous.
Some of us did not have faith in Treasuries. You know who you are - Tellafriend.
Last edited by Sanlmar; 03-17-2023 at 07:42 PM.
credit suisse weirdly looking like creed 3 explain yourself sal
todge are you letting tier 1 marketing bots onto your site we see you sal like tier beta son
There was a campaign on Twitter to get the brokerage houses to exercise the puts on the halted banks. I don't know about $SIVB but the campaign did work for $SBNY at several brokerages. Even RobinHood let their customers exercise the put options without even needing cash collateral.
So if you had 10 contracts of the March 17th 50 puts for $SBNY the brokerage exercised them and now you are short 1000 @ $50. If the stock never trades again then you get $50,000 in your account. Or if it trades on the OTC for a few pennies then you can cover your short position.
This is the first time I have ever seen this happen.
Is there any hope to fix this corporate lobbyist owned govt. that's destroying literally everything?
Yes RFK jr is looking into running for potus. You guys screwed up on Bernie, tbh he was to close to the DNC anyways.
Ffs the corruption in DC is putting us at risk of nuclear war.
No more corporate prostitutes.
The media is blaming Fed Chair Powell but the real problem is the existence of the Fed itself.
If you're not familiar with this 1996 documentary check it out. Don't worry it's not boring, it'll grab your attention from the get go and hold it long enough to understand the problem.
It's not a conspiracy theory either, stone cold facts. This isn't even partisan, this is by far the most important govt policy ainec. The MSM is obscuring that fact.
1996 Wow! He called it.
A three hour documentary from 1996 and you haven't said peep.
No, no and ugh ugh.
The rules are this. You break the rules, you face the consequences.
Damage property, assault someone, steal from someone, penalties await you.
A set of strict rules for the common man.
This strict set of rules that could send a man to prison
does not apply or does not deter money handlers.
Those given the task of handling the money of others are
not treated the same way as the common thief.
Their take may be far greater but still.
So forget about the penalties. That has failed and continues to fail.
You must employ a strict set of regulations.
These regulations cannot be bought off by lobbyists
This is your money. You are being played over and over again.
Bank failures in 2023. Very advanced
Last edited by limitles; 03-19-2023 at 09:38 PM.
The beauty of American business is it's ability to use the anti government theme. You're all scared of government.
Even though you have elected them you fear them. Perfect for business. Businesses with little or no control will do just fine. The job of the lobbyist is to knock out as many restrictions as possible with profit as the only motive.
Free market. Go ahead. Bank failures 2023. How's it going?
Watch at 1hr 45min
It describes what's currently happening almost exactly.
Crazy huh.
My thirtysomething meme stock trading freind feels like he got fucked hard. Last week he bought a shit ton of 2025 CS .40 puts for literal pennies. Now he sits there for 2 weeks about how they going bankrupt and how SVB just went to zero and hes counting the money. Now they announce the buyout and hes again counting the money….. the someone tells him the shares are still worth .50
Thinks the game is rigged in his mind because he went from being up 600K to losing 10k
The next Fed meeting is going to be must watch
Don’t let the words get in the way of the facts.
In fact there are NO words necessary for this chart.
We did get to ride the epic 40 year run from 1980 to 2020 so we had nothing but blessings and stupidity
Deleveraging is not fun. We still keep missing every opportunity to actually do it tho.
A bank foreclosure is an example of deleveraging.
While his mouth is running this is what reality looks like.
Last edited by Sanlmar; 03-20-2023 at 10:21 PM.
Headline
Florida Governor Ron DeSantis Introduces State Legislation Banning CBDCs
I almost didn't click but it turns out CBDC's is Central Bank Digital Currency. I told you the media hides discussion of this issue.
https://news.yahoo.com/florida-gover...203003528.html
Florida Governor Ron DeSantis proposed legislation on Monday that would ban central bank digital currencies (CBDCs) from the Sunshine State, portraying it as a measure to safeguard Floridians’ financial privacy.
The legislation would prohibit in Florida any CBDC that the U.S. Federal Reserve could introduce and any created by a foreign government, outlawing the technology entirely from being used as a form of money within the state
Disney, then Ukraine, Pfizer, now the Central Bank.
wtf
Rule change: It's ok to take a closer look at Desantis.
Desantis puts it in legislation, all the other candidates are all talk.
Last edited by Entropy; 03-20-2023 at 11:26 PM.
You of all people should be up to speed on CBDC.
I will be damned. DeSantis scores one with me. Look at DeSantis bringing some attention to this blight and citing all the right reasons. It’s another DeSantis stunt but I applaud it. It got Entropy informed and hopefully many others.
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