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ChumpChange
ChumpChange
Joined: Jun 15, 2018
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March 11th, 2023 at 10:52:29 AM permalink
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.
lilredrooster
lilredrooster
Joined: May 8, 2015
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March 11th, 2023 at 11:10:12 AM permalink
Quote: ChumpChange

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.
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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
billryan
billryan
Joined: Nov 2, 2009
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Thanks for this post from:
pwcrabb
March 11th, 2023 at 11:17:16 AM permalink
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.
lilredrooster
lilredrooster
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March 11th, 2023 at 11:20:06 AM permalink
.

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
Ace2
Ace2
Joined: Oct 2, 2017
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March 11th, 2023 at 11:31:04 AM permalink
Quote: lilredrooster

[

the U.S. has never in its entire history defaulted on its debt obligations

Thatís good, but thereís a first time for everything. Donít think it canít happen
Itís all about making that GTA
ChumpChange
ChumpChange
Joined: Jun 15, 2018
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March 11th, 2023 at 11:32:38 AM permalink
If the US defaults for the last 6 months of this year, does that count as 6 defaults?
AxelWolf
AxelWolf
Joined: Oct 10, 2012
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March 11th, 2023 at 1:22:23 PM permalink
Quote: lilredrooster

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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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link to original post

What, how, why does this effect Crypto? Up perhaps?
♪♪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♪♪
DRich
DRich
Joined: Jul 6, 2012
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March 11th, 2023 at 1:31:22 PM permalink
Quote: AxelWolf

Quote: lilredrooster

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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


.
link to original post

What, how, why does this effect Crypto? Up perhaps?
link to original post



Bitcoin is down about 10% in the last five days. I have no idea if it is related or not.
Order from chaos
lilredrooster
lilredrooster
Joined: May 8, 2015
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March 11th, 2023 at 2:03:46 PM permalink
Quote: AxelWolf

Quote: lilredrooster

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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


.
link to original post

What, how, why does this effect Crypto? Up perhaps?
link to original post




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
ChumpChange
ChumpChange
Joined: Jun 15, 2018
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March 11th, 2023 at 2:54:09 PM permalink
*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.
Last edited by: ChumpChange on Mar 11, 2023

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