Run on US bank

[QuantumStacker]

4 hours ago, GoldDiggerDave said:

 

Always on a weekend when markets are closed.

[GoldDiggerDave]

@QuantumStacker  yeh strange that! The FED  are saying they won't bail everyone out so anyone with any deposits will just move them from the smaller banks to the backs backed by the FED you can't blame them.  The snowball collapse of many of the smaller American banks is looking inevitable.    It's not  going to take much more panic before theres a run on the remaining banks. 

[GrahamDiamond]

By June/July I think it's Game Over , Press , Re-Start.

[JohnA1]

There's a reason they've been pushing for e-banking and such for years.

They don't want people queueing outside bank branches, they want virtual queues on websites. Then when they motivate the sheep to perform a bank run, it will be just mouse clicks (same as account freezes)

And voila - the "government" has to step in to help😇

How convenient..

[Paul]

1 minute ago, JohnA1 said:

There's a reason they've been pushing for e-banking and such for years.

They don't want people queueing outside bank branches, they want virtual queues on websites. Then when they motivate the sheep to perform a bank run, it will be just mouse clicks (same as account freezes)

And voila - the "government" has to step in to help😇

How convenient..

Once everything is online, there'll just be 'planned maintenance ' when you need to access/withdraw/transfer/do a bank run

When cbdc are here and we've no choice . ..

Not up to date with your social credit score and said something wrong to offend a none binary 'just stop' eco zealot spoiling your day so you can't earn, wel'll deduct it from your available carbon credits balance and now you can't eat meat for a week cos you broached sector z visiting your cancer stricken sick mother 2 times in a single month moving outside of your 15 min city/ zone

Programmable money what may be possible.

Of course they'd never do that ............. Would they ? 

[Lordwolfsbeard]

21 minutes ago, Paul said:

Once everything is online, there'll just be 'planned maintenance ' when you need to access/withdraw/transfer/do a bank run

When cbdc are here and we've no choice . ..

Not up to date with your social credit score and said something wrong to offend a none binary 'just stop' eco zealot spoiling your day so you can't earn, wel'll deduct it from your available carbon credits balance and now you can't eat meat for a week cos you broached sector z visiting your cancer stricken sick mother 2 times in a single month moving outside of your 15 min city/ zone

Programmable money what may be possible.

Of course they'd never do that ............. Would they ? 

I think you need to put a “”Tin foil” hat on the sheep in your avatar? 

[Paul]

12 minutes ago, Lordwolfsbeard said:

I think you need to put a “”Tin foil” hat on the sheep in your avatar? 

Ok

have you paid your ULEZ fee today ?

After you've already paid your Vat, income tax, ni, pension contributions, interest on your depreciating vehicle, interest on your vehicle loan, interest on your vehicle insurance, etc

Yeah it's all conspiracy 

Edited April 30, 2023 by Paul

[GoldDiggerDave]

The more I see of this the massive banks are just carving up the market picking up these smaller banks for a fraction of what they are worth and no doubt locking existing mortgage payers and those with loans in where they can't move to another deal.  

I keep banging on about what happen with our energy companies where in less than a year got most of us on the hook on a standard variable rate as theres very little competition and choice same for the poor customers who have mortgages  with these banks no discounted rates just stuck on the standard variable rate  at the monthly mercy of the FED hoping they don't get stitched  up for another 25 base  points on their ever increasing mortgage. 

 

 

 

[ArgentSmith]

$1 ono

[Oddjob]

First Republic Bank was a controlled demolition.

95% of the shareholders were institutional and the stock was shorted to buggery the last 2 months by Wall St making the short sellers near USD1bn since the end of Feb.

[GoldDiggerDave]

19 minutes ago, Oddjob said:

First Republic Bank was a controlled demolition.

95% of the shareholders were institutional and the stock was shorted to buggery the last 2 months by Wall St making the short sellers near USD1bn since the end of Feb.

100% bud and they are not even trying to hide it now, its the continuing wealth transfer....Anyone who has any loans or mortgages with these banks won't be able to move and will be stitched up like a kipper.......Like anything American it will be on out shores soon enough!     I feel sorry for the millions of faceless people who will be paying the price for this for generations.  

[HerefordBullyun]

 

The next 2 for the pot........

[HerefordBullyun]

[HerefordBullyun]

https://finance.yahoo.com/m/72731c7d-63eb-3a60-8e64-e654c03ef132/toronto-dominion-bank-first.html

https://www.zerohedge.com/markets/first-horizon-shares-crash-after-td-bank-deal-terminated

[HerefordBullyun]

Edited May 5, 2023 by HerefordBullyun

[HerefordBullyun]

[HerefordBullyun]

 

[JohnA1]

Why do people focus on the 50% of banks on the brink of collapse and ignore the other half that are not there just yet?😏

 

[HonestMoneyGoldSilver]

8 minutes ago, JohnA1 said:

Why do people focus on the 50% of banks on the brink of collapse and ignore the other half that are not there just yet?😏

 

The only ones that really count are the GSIBs and they are getting stronger with every regional or mid-sized default. Look at JPM - they are picking up prime assets at pennies on the dollar. Further, they have crony deals with US authorities that if they happen to occur losses of any kind on these firesale assets, the taxpayer will pick up the bill. The upside? Oh 100% of that goes to JPM

[JohnA1]

Wasn't it JPM who said "gold is money, everything else is credit"?

[HerefordBullyun]

https://www.zerohedge.com/markets/its-spooky-stanford-professor-warns-thousands-us-banks-are-insolvent

[HerefordBullyun]

 

Love GG analysis

[HerefordBullyun]

[HerefordBullyun]

https://www.zerohedge.com/markets/pacwest-shares-crash-after-reporting-deposit-flight-accelerated-last-week

[HerefordBullyun]

Watch from the timestamp JFK's nephew grill the SVB Silvergate First republic CEO's today in congress...

Popcorn at the ready