Re: Silicone Valley Bank Meltdown
[Re: Boco]
#7819049
03/12/23 01:59 PM
03/12/23 01:59 PM
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Joined: May 2010
Posts: 10,819 MN
Steven 49er
trapper
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trapper
Joined: May 2010
Posts: 10,819
MN
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Get your money and spend it. Get hard assets.
"Gold is money, everything else is just credit" JP Morgan
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Re: Silicone Valley Bank Meltdown
[Re: Dirt]
#7819051
03/12/23 02:00 PM
03/12/23 02:00 PM
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Joined: May 2010
Posts: 10,819 MN
Steven 49er
trapper
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trapper
Joined: May 2010
Posts: 10,819
MN
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If we want to blame the Fed, maybe we can blame them for keeping interest rates at record lows for 14 years. Also keeping MBS rates low and Treasury rates low by printing money and buying so many at low rates. All predictable under a debt backed standard and with more to come.
Last edited by Steven 49er; 03/12/23 02:00 PM.
"Gold is money, everything else is just credit" JP Morgan
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Re: Silicone Valley Bank Meltdown
[Re: yotetrapper30]
#7819066
03/12/23 02:21 PM
03/12/23 02:21 PM
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Joined: Mar 2007
Posts: 35,555 McGrath, AK
white17
"General (Mr.Sunshine) Washington"
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"General (Mr.Sunshine) Washington"
Joined: Mar 2007
Posts: 35,555
McGrath, AK
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Yes Yellen said no bailout. But she also has said that the FDIC, with the Treasury and the Fed, may setup other facilities to "backstop" depositors...uninsured or not. In my mind that is a bail out At least that is my interpretation of what CNBC has posted online "One potential option could be to use the FDIC’s systemic risk exception tool to backstop the uninsured deposits at SVB. Under the Dodd-Frank Act, that move would need to be made in concert with the Treasury Secretary and the Federal Reserve." https://www.cnbc.com/2023/03/12/heres-what-could-happen-next-for-silicon-valley-bank-customers.html
Last edited by white17; 03/12/23 02:28 PM.
Mean As Nails
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Re: Silicone Valley Bank Meltdown
[Re: Chancey]
#7819072
03/12/23 02:34 PM
03/12/23 02:34 PM
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Joined: Dec 2010
Posts: 11,545 Armpit, ak
Dirt
trapper
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trapper
Joined: Dec 2010
Posts: 11,545
Armpit, ak
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The story is the Federal government recouped all the bailout money from 2008 and made a profit for the taxpayers?
Who is John Galt?
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Re: Silicone Valley Bank Meltdown
[Re: Chancey]
#7819155
03/12/23 04:03 PM
03/12/23 04:03 PM
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Joined: Dec 2010
Posts: 11,545 Armpit, ak
Dirt
trapper
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trapper
Joined: Dec 2010
Posts: 11,545
Armpit, ak
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The bank should have raised their rates to be competitive; then depositors would not move their money. In the past, when the fed raises rates, banks follow. Of course slowly.
Who is John Galt?
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Re: Silicone Valley Bank Meltdown
[Re: Dirt]
#7819166
03/12/23 04:17 PM
03/12/23 04:17 PM
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Joined: May 2010
Posts: 10,819 MN
Steven 49er
trapper
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trapper
Joined: May 2010
Posts: 10,819
MN
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The story is the Federal government recouped all the bailout money from 2008 and made a profit for the taxpayers? It's possible but at what cost. Those bailouts are partly responsible for what is and has been going on. Also The Fed is losing money at the rate of at least 2 billion a week. We will be bailing them out soon enough.
"Gold is money, everything else is just credit" JP Morgan
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Re: Silicone Valley Bank Meltdown
[Re: Chancey]
#7819167
03/12/23 04:17 PM
03/12/23 04:17 PM
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Joined: Dec 2010
Posts: 11,545 Armpit, ak
Dirt
trapper
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trapper
Joined: Dec 2010
Posts: 11,545
Armpit, ak
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Those bonds are more than likely not to be underwater forever. I predict the FED will go back to zero when they have to due structural problems in the U.S. economy and continued deficit spending by Uncle Sugar.
Who is John Galt?
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Re: Silicone Valley Bank Meltdown
[Re: Steven 49er]
#7819169
03/12/23 04:19 PM
03/12/23 04:19 PM
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Joined: Dec 2010
Posts: 11,545 Armpit, ak
Dirt
trapper
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trapper
Joined: Dec 2010
Posts: 11,545
Armpit, ak
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The story is the Federal government recouped all the bailout money from 2008 and made a profit for the taxpayers? It's possible but at what cost. Those bailouts are partly responsible for what is and has been going on. Also The Fed is losing money at the rate of at least 2 billion a week. We will be bailing them out soon enough. On paper they are losing money. In reality you can't lose money that you just make up. Just make up more.
Who is John Galt?
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Re: Silicone Valley Bank Meltdown
[Re: Chancey]
#7819186
03/12/23 04:30 PM
03/12/23 04:30 PM
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Joined: May 2010
Posts: 10,819 MN
Steven 49er
trapper
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trapper
Joined: May 2010
Posts: 10,819
MN
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If the Fed doesn't hold it's guns ala Voelker it's over IMHO, inflation will get away from them.
Tuesday's numbers should be interesting.
"Gold is money, everything else is just credit" JP Morgan
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Re: Silicone Valley Bank Meltdown
[Re: Chancey]
#7819203
03/12/23 04:48 PM
03/12/23 04:48 PM
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Joined: Jan 2014
Posts: 21,653 North East Kansas
Marty
trapper
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trapper
Joined: Jan 2014
Posts: 21,653
North East Kansas
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the current government is not weak and timid they are the opposite...strong, bold and woke. Maybe they want to burn down rome and rebuild a new utopia...
Rise and Rise Again Until Lambs Become Lions
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Re: Silicone Valley Bank Meltdown
[Re: Chancey]
#7819262
03/12/23 06:30 PM
03/12/23 06:30 PM
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Joined: Jan 2018
Posts: 4,775 MN
Donnersurvivor
trapper
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trapper
Joined: Jan 2018
Posts: 4,775
MN
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I'm just glad Yellen got the visit to Ukrain and climate change speeches done so she can actually do her job now.
Remember guys, if we don't have the most competent government atleast we can hang our hat on the diversity of our government. Remember that if we go into a crisis.
A friend had a month of landscape work cancel this weekend, this may hit harder than people are expecting
Last edited by Donnersurvivor; 03/12/23 06:33 PM.
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