Bank Crash
March 11th, 2023 at 10:52:29 AM
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Trying to save the financial sector a couple months before the US defaults on the national debt is like throwing flaming money after nuked money.
March 11th, 2023 at 11:10:12 AM
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Quote: ChumpChangeTrying to save the financial sector a couple months before the US defaults on the national debt is like throwing flaming money after nuked money.
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the U.S. has never in its entire history defaulted on its debt obligations
the MCSI - a highly regarded investment research firm on March 3 stated that the implied probability of the U.S. defaulting was 11.3% as of Feb. 24 up from 3.3 % probability at the beginning of the year
the probability - according to them - is still very low
it's not time to panic as you seem to be constantly suggesting
https://www.msci.com/www/blog-posts/will-the-us-government-default/03685813408
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"believe half of what you see and none of what you hear" - Edgar Allan Poe
March 11th, 2023 at 11:17:16 AM
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I want to stay inside, so the sky doesn't fall on me, but most fatal falls happen in the house. I guess we are all screwed.
The difference between fiction and reality is that fiction is supposed to make sense.
March 11th, 2023 at 11:20:06 AM
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google news which prioritizes its placement of stories based on some complex algorithm does not even have the bank crash story on its front page right now
the New York Times does have it on its front page but its way down from the top - and the story is about who is to blame - not about future repercussions except for its likely effect on Crypto
and why in the world is this thread in the Betting Systems section - 5 step martingale on a financial collapse maybe___________ 😃
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google news which prioritizes its placement of stories based on some complex algorithm does not even have the bank crash story on its front page right now
the New York Times does have it on its front page but its way down from the top - and the story is about who is to blame - not about future repercussions except for its likely effect on Crypto
and why in the world is this thread in the Betting Systems section - 5 step martingale on a financial collapse maybe___________ 😃
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"believe half of what you see and none of what you hear" - Edgar Allan Poe
March 11th, 2023 at 11:31:04 AM
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That’s good, but there’s a first time for everything. Don’t think it can’t happenQuote: lilredrooster[
the U.S. has never in its entire history defaulted on its debt obligations
It’s all about making that GTA
March 11th, 2023 at 11:32:38 AM
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If the US defaults for the last 6 months of this year, does that count as 6 defaults?
March 11th, 2023 at 1:22:23 PM
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What, how, why does this effect Crypto? Up perhaps?Quote: lilredrooster.
the New York Times does have it on its front page but its way down from the top - and the story is about who is to blame - not about future repercussions except for its likely effect on Crypto
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♪♪Now you swear and kick and beg us That you're not a gamblin' man Then you find you're back in Vegas With a handle in your hand♪♪ Your black cards can make you money So you hide them when you're able In the land of casinos and money You must put them on the table♪♪ You go back Jack do it again roulette wheels turinin' 'round and 'round♪♪ You go back Jack do it again♪♪
March 11th, 2023 at 1:31:22 PM
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Quote: AxelWolfWhat, how, why does this effect Crypto? Up perhaps?Quote: lilredrooster.
the New York Times does have it on its front page but its way down from the top - and the story is about who is to blame - not about future repercussions except for its likely effect on Crypto
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Bitcoin is down about 10% in the last five days. I have no idea if it is related or not.
Order from chaos
March 11th, 2023 at 2:03:46 PM
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Quote: AxelWolfWhat, how, why does this effect Crypto? Up perhaps?Quote: lilredrooster.
the New York Times does have it on its front page but its way down from the top - and the story is about who is to blame - not about future repercussions except for its likely effect on Crypto
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here - you can read the story - whether you like their bias (every newspaper has one) or not - no newspaper is close to being the equal of the NYT imo
https://www.nytimes.com/2023/03/11/technology/silicon-valley-bank-crypto-investing.html
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"believe half of what you see and none of what you hear" - Edgar Allan Poe
March 11th, 2023 at 2:54:09 PM
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*ROKU: 26% OF TOTAL CASH, CASH EQUIVALENTS HELD WITH SVB
So do all these Roku TV's and Roku streaming devices go dark in a week?
iAllegedly - This is the Start of the Bank Crash - YouTube
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If the FDIC has $125 billion, it can handle 500,000 customers claiming the full $250K. Congress would have to give it unlimited reserves.
While the Treasury is doing extraordinary measures because of the debt ceiling crisis, the FDIC reserves cannot be raised.
So do all these Roku TV's and Roku streaming devices go dark in a week?
iAllegedly - This is the Start of the Bank Crash - YouTube
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If the FDIC has $125 billion, it can handle 500,000 customers claiming the full $250K. Congress would have to give it unlimited reserves.
While the Treasury is doing extraordinary measures because of the debt ceiling crisis, the FDIC reserves cannot be raised.
Last edited by: ChumpChange on Mar 11, 2023
