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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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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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
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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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.
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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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.