Mikhail Liebestein Posted March 11 Share Posted March 11 The current reading is that following the run on SVB, the situation is contained and that the US banking regulators/Fed will intervene and probably find a buyer over the weekend (following a huge bung). Markets were nervous as earlier last week Silvergate Capital got into difficulties. Anyway, now there seem to be hints at Credit Suisse and even brokers like Charles Schwab saw there shares plunge... https://finance.yahoo.com/m/5609516d-1fd9-3357-a3d5-cbba9334b4e6/why-charles-schwab-is-taking.html .....kind of wish it was Klaus Schwab taking the plunge instead!!! 1 Quote Link to comment Share on other sites More sharing options...
janey777 Posted March 11 Share Posted March 11 (edited) I noticed this story just now, and hadn't seen it earlier today. Big story, strange how it isn't top story in the main newspapers. Edited March 11 by janey777 2 Quote Link to comment Share on other sites More sharing options...
Mikhail Liebestein Posted March 11 Author Share Posted March 11 3 hours ago, janey777 said: I noticed this story just now, and hadn't seen it earlier today. Big story, strange how it isn't top story in the main newspapers. I think SVB is one of those high service banks for the wealthy elite, rather than the type where you can barely ever get through to the call centre. I imagine they are trying to contain the fear and prevent more bank runs in that type of bank. We can't possibly have Billionaires taking a financial haircut, and then having to queue up at HSBC or NatWest. 1 Quote Link to comment Share on other sites More sharing options...
Mikhail Liebestein Posted March 12 Author Share Posted March 12 22 hours ago, Mikhail Liebestein said: I think SVB is one of those high service banks for the wealthy elite, rather than the type where you can barely ever get through to the call centre. I imagine they are trying to contain the fear and prevent more bank runs in that type of bank. We can't possibly have Billionaires taking a financial haircut, and then having to queue up at HSBC or NatWest. This graph kinds of makes the point, mot of t he deposits are over the $250k insured by the FDIC. Quote Link to comment Share on other sites More sharing options...
Mikhail Liebestein Posted March 12 Author Share Posted March 12 2 Quote Link to comment Share on other sites More sharing options...
Fifth element Posted March 12 Share Posted March 12 2nd biggest bank failure after Wells Fargo (1) got bailed out. I banked with Wells Fargo before their fail and they were extremely shady with fees and loans. Now SVB, the bank at the heart of Silicon Valley has failed. This seems monumental beyond my comprehension as many people have lost their hard earned money working as debt slaves. More than 85% of Silicon Valley's Bank's Deposits Were Not Insured. Here's What That Means for Customers https://time.com/6262009/silicon-valley-bank-deposit-insurance/ Breaking! OPRAH STANDS TO LOSE $590 MILLION AFTER COLLAPSE OF SVB https://www.investmentwatchblog.com/oprah-stands-to-lose-590-million-after-collapse-of-svb/ "All her biggest accounts were with the bank." said a source familiar with her finances, "Like other tech savvy investors she banked with SVB and now it's all gone." https://twitter.com/TheInsiderPaper/status/1634538137861906434?cxt=HHwWhICz8dbxha8tAAAA Bank Failure With personal and corporate bankruptcy exploding during this time of seemingly endless disasters, it is no surprise that banks are struggling too. Signs of this are the negative interest rates charged by European banks and threats of limited withdrawals from savings and checking accounts. https://www.tbsnews.net/world/6-major-countries-went-bankrupt-recent-times-453426 Nearly half of the countries of the European continent, 40% of the countries of Africa, and 30% of the countries of Asia declared bankruptcy during the previous two centuries. 2 Quote Link to comment Share on other sites More sharing options...
janey777 Posted March 12 Share Posted March 12 Wouldn't it be nice if only woke mega-rich celebrities lost their money in these banks, and ordinary people were spared, and we get helpful disinflation/deflation where ordinary people's money is worth something at the expense of celebrities who were never worth anything in the first place. 1 Quote Link to comment Share on other sites More sharing options...
Mikhail Liebestein Posted March 13 Author Share Posted March 13 13 hours ago, janey777 said: Wouldn't it be nice if only woke mega-rich celebrities lost their money in these banks, and ordinary people were spared, and we get helpful disinflation/deflation where ordinary people's money is worth something at the expense of celebrities who were never worth anything in the first place. Bailing out British Royals too....may be someone needs to chuck some tea into a harbour in Boston. 1 Quote Link to comment Share on other sites More sharing options...
Truthblast Posted March 13 Share Posted March 13 1 hour ago, Mikhail Liebestein said: Bailing out British Royals too....may be someone needs to chuck some tea into a harbour in Boston. Quote Link to comment Share on other sites More sharing options...
Mikhail Liebestein Posted March 13 Author Share Posted March 13 17 hours ago, janey777 said: Wouldn't it be nice if only woke mega-rich celebrities lost their money in these banks, and ordinary people were spared, and we get helpful disinflation/deflation where ordinary people's money is worth something at the expense of celebrities who were never worth anything in the first place. Especially the cosmetically enhanced ones: 2 Quote Link to comment Share on other sites More sharing options...
JCP Posted March 14 Share Posted March 14 What the Media Won't Tell You About the Silicon Valley Bank Collapse https://www.bitchute.com/video/_jWHsPgGT_4/ It's interesting that the CEO of Silicone Valley Bank was also the director of The San Francisco Federal Reserve Bank ..... that is up until Friday. That seems like a conflict of interests. CEO of failed Silicon Valley Bank no longer a director at San Francisco Fed https://www.reuters.com/markets/us/ceo-failed-silicon-valley-bank-no-longer-director-sf-fed-2023-03-10/ Personally, I think they want us to make a run on the banks and crash the system. They have to tear down the Old to make room for the New (world order). 2 2 Quote Link to comment Share on other sites More sharing options...
sock muppet Posted March 14 Share Posted March 14 16 hours ago, Mikhail Liebestein said: Bailing out British Royals too....may be someone needs to chuck some tea into a harbour in Boston. What about throwing mcdonalds into the Thames, no wait, that might be ecologically unsound for blinky the three eyed fish, Quote Link to comment Share on other sites More sharing options...
Talorgan Posted March 14 Share Posted March 14 2 Quote Link to comment Share on other sites More sharing options...
Macnamara Posted March 14 Share Posted March 14 13 hours ago, JCP said: What the Media Won't Tell You About the Silicon Valley Bank Collapse https://www.bitchute.com/video/_jWHsPgGT_4/ It's interesting that the CEO of Silicone Valley Bank was also the director of The San Francisco Federal Reserve Bank ..... that is up until Friday. That seems like a conflict of interests. CEO of failed Silicon Valley Bank no longer a director at San Francisco Fed https://www.reuters.com/markets/us/ceo-failed-silicon-valley-bank-no-longer-director-sf-fed-2023-03-10/ Personally, I think they want us to make a run on the banks and crash the system. They have to tear down the Old to make room for the New (world order). and the CFO (chief financial officer) of SVB, Joseph Gentile had been the CFO of Lehmans right before it crashed in 2008! i mean would YOU employ THAT guy? But they did.....fannies 1 Quote Link to comment Share on other sites More sharing options...
Velma Posted March 14 Share Posted March 14 13 hours ago, JCP said: What the Media Won't Tell You About the Silicon Valley Bank Collapse https://www.bitchute.com/video/_jWHsPgGT_4/ It's interesting that the CEO of Silicone Valley Bank was also the director of The San Francisco Federal Reserve Bank ..... that is up until Friday. That seems like a conflict of interests. CEO of failed Silicon Valley Bank no longer a director at San Francisco Fed https://www.reuters.com/markets/us/ceo-failed-silicon-valley-bank-no-longer-director-sf-fed-2023-03-10/ Personally, I think they want us to make a run on the banks and crash the system. They have to tear down the Old to make room for the New (world order). I don't know about you, but I'm going to withdraw my £4.73 pronto! 3 Quote Link to comment Share on other sites More sharing options...
Macnamara Posted March 14 Share Posted March 14 24 minutes ago, Velma said: I don't know about you, but I'm going to withdraw my £4.73 pronto! don't worry the UK government covers all deposits upto £10 so you and me both will be fine 1 1 Quote Link to comment Share on other sites More sharing options...
janey777 Posted March 14 Share Posted March 14 Beyond a certain point it must be difficult for the mega-rich to protect their money against bank failures, stock market drops and inflation. Quote Link to comment Share on other sites More sharing options...
Macnamara Posted March 14 Share Posted March 14 Israeli Firms Transferred $1 Billion Out of Silicon Valley Bank to Israel Before Seizure by Feds Chris Menahan InformationLiberation Mar. 13, 2023 Israeli firms managed to transfer $1 billion out of Silicon Valley Bank to accounts in Israel just before the bank was seized by the feds, the Times of Israel reports. From The Times of Israel (via If Americans Knew:): Israel's two largest banks, Bank Leumi and Bank Hapoalim, set up a situation room that has been operating around the clock to help firms transfer their money from SVB — before it was seized — to accounts in Israel. Over the past few days, teams at LeumiTech, the high-tech banking arm of Bank Leumi, have been able to help their Israeli clients transfer about $1 billion to Israel, the bank said. If Americans Knew has more: Israel's Ha'aretz newspaper reports that "a good many Israeli companies had been able to get their money out in time, but that it was clearly not the case for everyone" and that "companies whose deposits are now locked will seek to conceal this, concerned that any rumors might drive away customers, suppliers and employees." The FDIC has announced an emergency bailout program that will pay depositors 100% of the money they had in the bank. It's unclear whether this U.S. money will go to Israeli companies. Israel already receives over $10 million per day from American taxpayers. The Washington Post reports: "While the fund going to the depositors is paid into by U.S. banks, it is ultimately backstopped by the Treasury Department — and therefore U.S. taxpayers." How nice of Treasury Secretary Janet Yellen to look the other way while these funds were transferred out. https://www.informationliberation.com/?id=63639 2 1 Quote Link to comment Share on other sites More sharing options...
Saved Posted March 14 Share Posted March 14 36 minutes ago, Macnamara said: Israeli Firms Transferred $1 Billion Out of Silicon Valley Bank to Israel Before Seizure by Feds Chris Menahan InformationLiberation Mar. 13, 2023 Israeli firms managed to transfer $1 billion out of Silicon Valley Bank to accounts in Israel just before the bank was seized by the feds, the Times of Israel reports. From The Times of Israel (via If Americans Knew:): Israel's two largest banks, Bank Leumi and Bank Hapoalim, set up a situation room that has been operating around the clock to help firms transfer their money from SVB — before it was seized — to accounts in Israel. Over the past few days, teams at LeumiTech, the high-tech banking arm of Bank Leumi, have been able to help their Israeli clients transfer about $1 billion to Israel, the bank said. If Americans Knew has more: Israel's Ha'aretz newspaper reports that "a good many Israeli companies had been able to get their money out in time, but that it was clearly not the case for everyone" and that "companies whose deposits are now locked will seek to conceal this, concerned that any rumors might drive away customers, suppliers and employees." The FDIC has announced an emergency bailout program that will pay depositors 100% of the money they had in the bank. It's unclear whether this U.S. money will go to Israeli companies. Israel already receives over $10 million per day from American taxpayers. The Washington Post reports: "While the fund going to the depositors is paid into by U.S. banks, it is ultimately backstopped by the Treasury Department — and therefore U.S. taxpayers." How nice of Treasury Secretary Janet Yellen to look the other way while these funds were transferred out. https://www.informationliberation.com/?id=63639 Timing! Pure coincidence, of course. 3 1 Quote Link to comment Share on other sites More sharing options...
JCP Posted March 14 Share Posted March 14 "Amazing Polly" - Boom! Silicon Valley Bank has Epstein Connection (and more) https://www.bitchute.com/video/jxSDqdA2MUB7/ Quote Link to comment Share on other sites More sharing options...
Macnamara Posted March 15 Share Posted March 15 On 3/14/2023 at 7:14 PM, Saved said: Timing! Pure coincidence, of course. meanwhile the jewish treasury secretary janet yellen stood back and allowed the transfer to go ahead... Quote Link to comment Share on other sites More sharing options...
BornFreeNowAgain Posted March 16 Share Posted March 16 On 3/15/2023 at 6:14 AM, Saved said: Timing! Pure coincidence, of course. Yeah where have we seen this before? Highly 'intuitive' it seems, or is it friends in high/dark places? Quote Link to comment Share on other sites More sharing options...
bamboozooka Posted March 16 Share Posted March 16 its spreading Credit Suisse to borrow up to $54bn from Swiss central bank https://www.bbc.co.uk/news/business-64964881 Quote Link to comment Share on other sites More sharing options...
Truthblast Posted March 16 Share Posted March 16 13 hours ago, bamboozooka said: its spreading Credit Suisse to borrow up to $54bn from Swiss central bank https://www.bbc.co.uk/news/business-64964881 What? No BIS involved? Quote Link to comment Share on other sites More sharing options...
Mikhail Liebestein Posted March 16 Author Share Posted March 16 13 hours ago, bamboozooka said: its spreading Credit Suisse to borrow up to $54bn from Swiss central bank https://www.bbc.co.uk/news/business-64964881 I think that's what they want. Shower money at the top, then loan it out to the plebs, let the plebs fight over it, some win some lose. Quote Link to comment Share on other sites More sharing options...
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