See you Space Cowboy ...
Give a lib a fish--he eats for a day
Teach a lib to fish--he is back the next day asking for more free fish.
ΜΟΛΩΝ ΛΑΒΕ
Give a lib a fish--he eats for a day
Teach a lib to fish--he is back the next day asking for more free fish.
ΜΟΛΩΝ ΛΑΒΕ
The banking crisis: more fallout from failed Democrat COVID policies. Who could've guessed that foolishly adding about 40% of GDP by pulling funny money out of the air would have negative consequences? And not a single life was saved.
See you Space Cowboy ...
Nothing about COVID, or Democrats, or any of the other BS posted by steelreserve.
Banking crisis: 5 pieces of financial jargon, explained
Mar 16, 2023
https://www.weforum.org/agenda/2023/...gon-explained/In March 2023, Silicon Valley Bank (SVB) in the United States collapsed suddenly. The failure of the California-based lender marked the largest bank failure since the 2008 financial crisis and sent shockwaves across global financial markets. US regional banks came under particularly intense pressure as concern grew among customers and investors about the financial health of other institutions.
Here is some useful financial jargon that can help explain the crisis.
Bank run
A bank run entails too many customers of a bank attempting to withdraw their money at the same time. This usually happens if customers believe their bank is about to fail.
A bank run can turn a fear of insolvency into the real thing since banks typically do not hold enough cash to cover all their clients’ deposits.
Bank runs have played a major role in financial crises. During the Great Depression, for instance, thousands of US banks failed in part due to bank runs. “Loss of confidence caused anxious depositors to create ‘runs’ on banks as they tried to withdraw their money before the banks collapsed,” a US government archive notes.
More recently, SVB's collapse was fueld by a bank run.
Financial contagion
Financial contagion occurs when a failure in one institution ripples through a sector.
Contagion often occurs during periods of intense financial unrest and can happen at a regional, national and international level. Moreover, since economic markets are heavily interdependent today, financial contagion can pose a particularly significant threat.
The collapse of SVB sparked fears of contagion as concern grew among investors and customers about the stability of their banks. The anxiety was especially acute for smaller banks.
Credit risk
Credit risk is the risk that a borrower will default on their loan.
Banks attempt to lower their credit risk in many ways. Mitigation strategies include taking steps to ensure borrowers are trustworthy and that loans are structured in ways that limit potential losses.
Recent interest rate hikes, however, have made borrowing more expensive, which makes it harder for banks to finance themselves and reduces the value of their existing loans. The fallout from SVB’s collapse has increased credit riskaround the world as investors feared further failures in corporate debt markets.Hedging
Hedging is a financial strategy that investors and banks use to limit financial risks.
Hedging entails balancing investments to make sure that potential losses are offset by gains elsewhere. A specific investment trade aimed at lowering risk is often referred to as a hedge.
Maintaining a diversified investment portfolio is also a form of hedging as it mitigates total potential losses if there is a downturn in a single economic se
Moral hazard
A moral hazard in economics refers to a situation where a bank or investor has an incentive to increase financial risks because they are insulated somehow from the potential consequences of the risk.
Many economists maintain that moral hazards in financial markets increase the risk of harmful economic activity. On the other hand, maintaining incentives for limiting financial risk could help markets avoid excessive and reckless risk-taking, experts say.
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Go woke go broke.
https://www.washingtontimes.com/news...ved-while-man/Bankers put focus on woke causes; Clinton, Pelosi campaign donors filled Silicon Valley board seats
The woke philosophy of Silicon Valley Bank didn’t directly cause the cash crunch that led to its rapid failure, but analysts say the bank’s management paid more attention to its climate and social justice mission than its financial health.
The analysts said SVB officers were heavily focused on so-called ESG policies while ignoring risk management responsibilities that could have detected trouble in time to save it from collapse and government intervention last week.
ESG stands for environmental, social and governance.
As an example of the bank’s left-wing agenda, SVB committed $5 billion in 2022 toward “loans, investments, and other financing to support sustainability efforts” through 2027. The bank also pledged to be carbon-neutral by 2025 and promoted DEI — diversity, equity and inclusion — initiatives.
SVB donated more than $73 million to the Black Lives Matter movement and other social justice causes, according to online data first reported by The Federalist.
For most of the past year, the bank’s managers left vacant the post of risk management officer.
Last edited by Mach1; 03-17-2023 at 01:41 PM.
Give a lib a fish--he eats for a day
Teach a lib to fish--he is back the next day asking for more free fish.
ΜΟΛΩΝ ΛΑΒΕ
Imagine believing that SVB collapsed because it was "woke"?
https://apnews.com/article/silicon-v...ac7f850f430f22As Wall Street reels from the swift demise of Silicon Valley Bank — the biggest American bank failure since the 2008 financial meltdown — some social media users are honing in on a single culprit: its socially aware, or “woke,” agenda. But the Santa Clara-based institution’s professed commitment to diversity, equity and inclusion, or DEI, wasn’t a driver of the bank’s collapse, say banking and financial experts. Its poor investment strategies and a customer base prone to make devastating bank runs were.
Here’s a closer look at the facts.
CLAIM: Silicon Valley Bank failed because it focused on “woke” policies such as diversity, equity and inclusion.
THE FACTS: The nation’s 16th largest bank collapsed because of poor investment and risk strategies that left the bank with insufficient cash to weather a mass withdrawal of assets from its largely tech sector customers, who have been particularly hard hit in the current economy, financial and banking experts explain.
I’m sure record inflation under Sleepy had nothing to do with it as well. When in doubt blame Trump. It worked for Obama, “Bbbbbbbush”.
Re inflation I’m beginning to believe it’s not an interest rate problem (steelreserve was right in an earlier post) but a money printing problem. Reduce the money supply by making the banks keep more in reserve and inflation can be controlled. The interest rate raising is only crushing the consumer (us). Inflation will keep on raging while they keep printing money.
the NWO making way for that one world currency folks.
There were 173 Banks around the World that failed this week – and went unreported by the Mainstream Media.
Here are …163 Rothschild Banks in controlled collapse, including the US Federal Reserve:
Afghanistan: Bank of Afghanistan
Albania: Bank of Albania
Algeria: Bank of Algeria
Argentina: Central Bank of Argentina
Armenia: Central Bank of Armenia
Aruba: Central Bank of Aruba
Australia: Reserve Bank of Australia
Austria: Austrian National Bank
Azerbaijan: Central Bank of Azerbaijan Republic
Bahamas: Central Bank of The Bahamas
Bahrain: Central Bank of Bahrain
Bangladesh: Bangladesh Bank
Barbados: Central Bank of Barbados
Belarus: National Bank of the Republic of Belarus
Belgium: National Bank of Belgium
Belize: Central Bank of Belize
Benin: Central Bank of West African States (BCEAO)
Bermuda: Bermuda Monetary Authority
Bhutan: Royal Monetary Authority of Bhutan
Bolivia: Central Bank of Bolivia
Bosnia: Central Bank of Bosnia and Herzegovina
Botswana: Bank of Botswana
Brazil: Central Bank of Brazil
Bulgaria: Bulgarian National Bank
Burkina Faso: Central Bank of West African States (BCEAO)
Burundi: Bank of the Republic of Burundi
Cambodia: National Bank of Cambodia
Came Roon: Bank of Central African States
Canada: Bank of Canada – Banque du Canada
Cayman Islands: Cayman Islands Monetary Authority
Central African Republic: Bank of Central African States
Chad: Bank of Central African States
Chile: Central Bank of Chile
China: The People’s Bank of China
Colombia: Bank of the Republic
Comoros: Central Bank of Comoros
Congo: Bank of Central African States
Costa Rica: Central Bank of Costa Rica
Côte d’Ivoire: Central Bank of West African States (BCEAO)
Croatia: Croatian National Bank
Cuba: Central Bank of Cuba
Cyprus: Central Bank of Cyprus
Czech Republic: Czech National Bank
Denmark: National Bank of Denmark
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Dominican Republic: Central Bank of the Dominican Republic
East Caribbean Area: Eastern Caribbean Central Bank
Ecuador: Central Bank of Ecuador
Egypt: Central Bank of Egypt
El Salvador: Central Reserve Bank of El Salvador
Equatorial Guinea: Bank of Central African States
Estonia: Bank of Estonia
Ethiopia: National Bank of Ethiopia
European Union: European Central Bank
Fiji: Reserve Bank of Fiji
Finland: Bank of Finland
France: Bank of France
Gabon: Bank of Central African States
The Gambia: Central Bank of The Gambia
Georgia: National Bank of Georgia
Germany: Deutsche Bundesbank
Ghana: Bank of Ghana
Greece: Bank of Greece
Guatemala: Bank of Guatemala
Guinea Bissau: Central Bank of West African States (BCEAO)
Guyana: Bank of Guyana
Haiti: Central Bank of Haiti
Honduras: Central Bank of Honduras
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Hong Kong: Hong Kong Monetary Authority
Hungary: Magyar Nemzeti Bank
Iceland: Central Bank of Iceland
India: Reserve Bank of India
Indonesia: Bank Indonesia
Iran: The Central Bank of the Islamic Republic of Iran
Iraq: Central Bank of Iraq
Ireland: Central Bank and Financial Services Authority of Ireland
Israel: Bank of Israel
Italy: Bank of Italy
Jamaica: Bank of Jamaica
Japan: Bank of Japan
Jordan: Central Bank of Jordan
Kazakhstan: National Bank of Kazakhstan
Kenya: Central Bank of Kenya
Korea: Bank of Korea
Kuwait: Central Bank of Kuwait
Kyrgyzstan: National Bank of the Kyrgyz Republic
Latvia: Bank of Latvia
Lebanon: Central Bank of Lebanon
Lesotho: Central Bank of Lesotho
Libya: Central Bank of Libya (Their most recent conquest)
Uruguay: Central Bank of Uruguay
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Lithuania: Bank of Lithuania
Luxembourg: Central Bank of Luxembourg
Macao: Monetary Authority of Macao
Macedonia: National Bank of the Republic of Macedonia
Madagascar: Central Bank of Madagascar
Malawi: Reserve Bank of Malawi
Malaysia: Central Bank of Malaysia
Mali: Central Bank of West African States (BCEAO)
Malta: Central Bank of Malta
Mauritius: Bank of Mauritius
Mexico: Bank of Mexico
Moldova: National Bank of Moldova
Mongolia: Bank of Mongolia
Montenegro: Central Bank of Montenegro
Morocco: Bank of Morocco
Mozambique: Bank of Mozambique
Namibia: Bank of Namibia
Nepal: Central Bank of Nepal
Netherlands: Netherlands Bank
Netherlands Antilles: Bank of the Netherlands Antilles
New Zealand: Reserve Bank of New Zealand
Nicaragua: Central Bank of Nicaragua
Niger: Central Bank of West African States (BCEAO)
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Nigeria: Central Bank of Nigeria
Norway: Central Bank of Norway
Oman: Central Bank of Oman
Pakistan: State Bank of Pakistan
Papua New Guinea: Bank of Papua New Guinea
Paraguay: Central Bank of Paraguay
Peru: Central Reserve Bank of Peru
Philip Pines: Bangko Sentral ng Pilipinas
Poland: National Bank of Poland
Portugal: Bank of Portugal
Qatar: Qatar Central Bank
Romania: National Bank of Romania
Rwanda: National Bank of Rwanda
San Marino: Central Bank of the Republic of San Marino
Samoa: Central Bank of Samoa
Saudi Arabia: Saudi Arabian Monetary Agency
Senegal: Central Bank of West African States (BCEAO)
Serbia: National Bank of Serbia
Seychelles: Central Bank of Seychelles
Sierra Leone: Bank of Sierra Leone
Singapore: Monetary Authority of Singapore
Slovakia: National Bank of Slovakia
Slovenia: Bank of Slovenia
Solomon Islands: Central Bank of Solomon Islands
South Africa: South African Reserve Bank
Spain: Bank of Spain
Sri Lanka: Central Bank of Sri Lanka
Sudan: Bank of Sudan
Surinam: Central Bank of Suriname
Swaziland: The Central Bank of Swaziland
Sweden: Sveriges Riksbank
Switzerland: Swiss National Bank
Tajikistan: National Bank of Tajikistan
Tanzania: Bank of Tanzania
Thailand: Bank of Thailand
Togo: Central Bank of West African States (BCEAO)
Tonga: National Reserve Bank of Tonga
Trinidad and Tobago: Central Bank of Trinidad and Tobago
Tunisia: Central Bank of Tunisia
Turkey: Central Bank of the Republic of Turkey
Uganda: Bank of Uganda
Ukraine: National Bank of Ukraine
United Arab Emirates: Central Bank of United Arab Emirates
United Kingdom: Bank of England
United States: Federal Reserve, Federal Reserve Bank of New York
Vanuatu: Reserve Bank of Vanuatu
Venezuela: Central Bank of Venezuela
Vietnam: The State Bank of Vietnam
Yemen: Central Bank of Yemen
Zambia: Bank of Zambia
Zimbabwe: Reserve Bank of Zimbabwe
CBDC on the way.
And what do we have this week, another school shooting in Biden's America, of course carried out by a hateful liberal. Democrats had the power to act and did nothing, yet they claim this is one of the most important issues facing the country. Why do Democrats want your children to die?
See you Space Cowboy ...
Just look at the current administration.LIke to see how the whack jobs of America think.
You follow an ideology whose core principle is that the entire world is unfair and everyone is out to get you, then you say OTHER people are the crazy conspiracy theorists.
Yes, that's got to be it. I'm totally the crazy one, and you're totally not the one projecting because he's in a cult.
See you Space Cowboy ...
Give a lib a fish--he eats for a day
Teach a lib to fish--he is back the next day asking for more free fish.
ΜΟΛΩΝ ΛΑΒΕ
Dude - FedNow is not a digital currency, it is just a sped-up version of the existing bank transfer system. If they are doing anything with digital currency, it is completely separate from that. While I wouldn't want a digital currency to replace cash, that guy makes himself look bad for not knowing the difference.
See you Space Cowboy ...
https://www.zerohedge.com/personal-f...risk-mortgagesBiden To Punish Good-Credit Homebuyers To Subsidize High-Risk Mortgages
A new rule from the Biden administration will force homebuyers with good credit scores to pay higher mortgage rates in order to subsidize loans to those with riskier borrowing profiles.
The fee, which will apply to those buying or refinancing houses after May 1, will affect homebuyers with credit scores of 680 or higher, will amount to roughly $40 per month on a home loan of $400,000, or nearly $500 per year. Homebuyers who make down payments of 15% - 20% will be hit with the largest fees
Under the new Biden rules, those with lower credit scores and smaller down payments will qualify for better mortgage rates and discounted fees thanks to the surcharge on those with good scores.
Give a lib a fish--he eats for a day
Teach a lib to fish--he is back the next day asking for more free fish.
ΜΟΛΩΝ ΛΑΒΕ
https://cointelegraph.com/news/zimba...ncy-report/amp
- - - Updated - - -
those assholes can fix the housing crises but they choose not to. Real estate is like a casino for them. They will do whatever it takes to keep prices inflated. They don’t care about the average guy or girl or family.
Give a lib a fish--he eats for a day
Teach a lib to fish--he is back the next day asking for more free fish.
ΜΟΛΩΝ ΛΑΒΕ
Can't make this shit up.The twitter responses.
https://www.thegatewaypundit.com/202...e-them-recent/Dirty FBI Asks Americans to Report Crime to Them in Recent Tweet – Then Are Overwhelmed with Reports on Their Own Criminal Activity
The FBI on Monday asked Americans to help them protect the country by reporting criminal activity to them
You can imagine the responses!
The FBI is the leading criminal organization in America today!
The FBI:
** Spied on President Trump based on phony information
** Lied to the American people about spying on Trump
** Hid the Hunter laptop
** Still can’t find the Hunter laptop
** Lied about the laptop
** Lied to the American public during Trump’s impeachment knowing Trump did nothing wrong
** Sent operatives to the US Capitol on January 6
** Infiltrated the Proud Boys and Oath Keepers
** Raided homes of their political opposition
** Raided the opposition candidate’s home on junk charges
** Ignored Hunter Biden’s hundreds of crimes
** Set up poor white men in Michigan
** Ignored Biden Family treasonous deals
** Lied about investigating the criminal acts in the 2020 election
And just yesterday – on Monday – we discovered the FBI censored Americans who did not support Ukrainian War.
Give a lib a fish--he eats for a day
Teach a lib to fish--he is back the next day asking for more free fish.
ΜΟΛΩΝ ΛΑΒΕ
Give a lib a fish--he eats for a day
Teach a lib to fish--he is back the next day asking for more free fish.
ΜΟΛΩΝ ΛΑΒΕ