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I got called a Marxist on here for suggesting there's a ruling class and a proletariat that exists to serve them.
We can only defeat them if we stick together.
People have been real smart for a long time, use it or lose it, happy Pi day.
While it may seem we are on different sides at times, I couldn’t agree with you more. They’re all tied together.
“Beat me harder master, please”.
They’re not even trying to hide it anymore. Can’t decide if everybody is indifferent, apathetic, or just plain old brain washed.
SOFT
Huh?
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People are brain washed, J.
Has to be the reason.
Those of us old enough to read the writing can see.
One World Government.
One World Religion.
Controlling what you can buy and sell.
Think I’ve read about this somewhere. I’ll digress before I’m labeled a conspiracy theorist or religious zealot, possibly both.
That’s definitely what they want after they depopulate us. We’ve just got to stick together, not let them keep dividing us and make sure they don’t get what they want. There’s way more of us than there are of them. Once enough of us figure that out, we win.
These are the steps needed to put an end to a cash society.
I'm not much of a conspiracy theorist...with one exception...that Agenda 21 sums this all right up....cashless society (so much easier to track where we go and what we do...and theoretically be able to control where we can spend money), depopulation, One world government, leveraging climate change to turn nature into a museum (look but don't touch) and locking all natural resources up in the process which kills rural communities and forcing us all into large urban areas (where after a generation or two we will all start voting for more and more government of our own attrition and it won't have to be forced on us), and forcing us to electric so the government can even better track us us and control us.
I shrugged that off for years...but more and more the puzzle pieces just seem to fit together.
Credit Suisse shares plunge as bank fear widens https://www.bbc.co.uk/news/business-64964881
The more I learn about AI and the coming capabilities and the effects of those capabilities on society … the more I worry about this .
Are these the signs of the strongest economy ever that biden talking about the other day?
"Too Big To Fail" Credit Suisse Domino Effect Far More Potent Than SVB
By Ven Ram, Bloomberg Markets Live reporter and strategist
Should the markets’ worst fears on Credit Suisse come true, the euro-area economy will fall off a cliff, upend the global financial system and bring policy tightening by major central banks to a screaming halt.
Unlike Silicon Valley Bank and Signature Bank, the Swiss lender is classified as systemically important by the US Financial Stability Board — meaning it’s too big to fail as a collapse has the potential to trigger a financial crisis.
European Central Bank officials contacted lenders Wednesday to ask about their financial exposure to Credit Suisse, the Wall Street Journal reported.
Credit Suisse reported that its assets under management were almost 1.3 trillion Swiss francs, or the equivalent of $1.4 trillion, as recently as last month. For perspective, that would amount to almost 10% of the 14.5 trillion euro-area economy
The cost of insuring Credit Suisse’s debt against default for one year jumped to a record 2728 basis points on Wednesday. Meanwhile, the company’s shares tumbled to a record and its bonds plunged to levels typically associated with distress.
The latest leg lower was spurred by comments from Saudi National Bank — Credit Suisse’s top shareholder — that it had no intention of investing more into the Swiss lender, which is in the midst of a complex three-year restructuring in a bid to return to profitability.
Over in the US, a swift response from policymakers including the Federal Reserve staved off a crisis that loomed over the financial landscape following the failure of SVB. The California-based lender collapsed after a loss of depositor confidence compelled the bank to sell assets that had lost value amid the Fed’s tightening.
The Fed lost little time before unveiling a term-funding program that essentially allowed US banks — presumably those that may be in a predicament similar to SVB amid the increase in interest rates — to borrow against bonds that may have lost value at 100 cents on the dollar. That quick backstop helped assuage some of the worst fears of depositors and investors.
It’s not exactly clear how the plot will play out in Europe, with UBS Group AG chief executive officer Ralph Hamers commenting that he won’t answer “hypothetical questions” about its struggling Swiss rival and that UBS is “focused on our own strategy.”
Credit Suisse’s Chief Executive Officer Ulrich Koerner earlier this week pleaded for patience, citing its CET1 capital ratio of 14.1% in the fourth quarter and a liquidity coverage ratio of 144% that has since increased to about 150% on average
Still, that patience may be in short supply in the global financial markets, with investors showing increased sensitivity to any perception of additional risk.
For policymakers in Europe and the US, though, what is at stake here is an entity that has a far greater domino effect in its ability to damage sentiment than Silicon Valley Bank and Signature Bank combined.
I'm paying off all my credit cards this month with SVB checks.
I'll jut backdate the checks a bit. LOL
Bank run season was yesterday. Get your drone season decorations up!
I thought I heard the Swiss govt was backing Credit Suisse…did that happen…? Guess I’ll go search…
I read that they committed to do that.
Get ready for credit contraction...it's going to get harder to borrow money as banks are looking to sure up their balance sheets (which gives them less money to lend)...this is a major "deflationary" step...which SHOULD keep the fed at a .25% rate hike on the 22nd, and we could possibly see them announce they won't be hiking further (in a step to prevent bank failures)...we've also got a "de-inverting" of the bond yield curve any day now...when that happens a recession is 2-4 months away (historically speaking). It looks like the feds "soft landing" for handling inflation isn't going to happen folks...buckle up it could be a bumpy ride.
Pit Row
Nothing to see here folks.
Don't mind me, I'm just gonna be over here still stocking up on food, fuel and firewood.
https://www.cbc.ca/news/business/first-republic-bank-rescue-30-billion-1.6781237
As someone I respect their opinion in these matters, are you saying we have not been in a recession?
TM
Technically, by definition, we haven't been in a recession...I think there was a positive GDP growth in Q4...though its been arguable that we have been in a recession for a like 9 months.
I'm sure the tax payers will have no problem handing out a few million (or billion) to some well to-do bankers who were allowed to get away with it 2008. So why should this go round' be any different?
There’s this Eagle’s song…something about “Kill all the Lawyers…kill them tonight!” and…yet…me thinks it’s very Shakespearean…all the while…
Today…you would do well to replace “Lawyer” with “Bankers”.
But, what if I’m wrong? 😂
I heard the other day that the goods are contracting but due to inflation and paying more for less, the numbers are skewed.
TM
It is a damn good thing Trump rolled back that Frank Dodd bullshit.
Shitty banks are made to fail.
The last thing we need is regulators telling banks how to operate.
The Next Virus has already been developed for depopulation, Eggs have the enzymes that combats it.
Making sense now?
Oh look, it's a n00b troll.
Same as the old troll.
Poor clown has no idea that his boy barney's damage was done lonnnng before the former president was in office.
Nice try little boy.
Now go back to 4chan where you belong.
While you're waiting out your suspension here.
I do like Bernie. You got that part right.
In 2016, he was mathematically eliminated from getting the Democratic nomination, but did that stop him from bashing Hillary Clinton?
Hell no! He had a War Chest, so he kept stumping, and peeled off a bunch of supporters.
”We want Bernie, or we want the whole thing to burn. We won’t vote for Hillary”, and they were not lying.
That was MAGA-Tastic, if you ask me.
I don't watch the news so I have no idea what's going on but as soon as I heard rumors I waited for the dip and bought a bunch of these bank stocks like Western Alliance because history repeats itself. There is always opportunity in these big scenarios. Like clockwork the most money made is during crisis unfortunately.
Post a reply to: So its Bank Run season ..