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Breaking - 7 additional banks collapsing this morning
05-04-2023, 11:27 AM
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#31
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Agree on the CBDC, the US Gov wants it and this is all part of the plan. If they can get away from Fiat and go CBDC, they can control every aspect of your life. Thats the ultimate goal here
05-04-2023, 11:28 AM
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#32
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All part of the plan to user in CBDC's
Sloots gonna sloot
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05-04-2023, 11:29 AM
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#33
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Originally Posted By RICHSTRONG⏩
Tell me youre a boomer without telling me youre a boomer.Just pulled a 20 spot out of my bank for some Dominos..
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05-04-2023, 11:29 AM
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#34
Originally Posted By Rajc⏩
Right. Too deeply entrenched, though dedollarization is happening.nah wouldn't be the case
^^^
See the petrodollar section @ roughly 11:00 if interested.
IDK about an intentional default Raj. I did read the statement where they discuss how a default might play out.
Are central banks steering us towards CBDCs? Yes. Are they ready to roll them out within the next 3 months at the retail level? I'm skeptical.
If a country does default then I think it is better to be the first to default in a way- first in, first out. But I can't see it being a good thing to do on purpose.
That doesn't mean that the people running the show won't blow this thing up sooner than they would prefer [accidental], nor does it mean that they want to avoid blowing it up. Sadly given the last few years I can't make a case for ruling out self-destruction, or IOW wrecking their own country.
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05-04-2023, 11:33 AM
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#35
[QUOTE=Destor post_id=1682032873]Bank failures per year during the last period of crazy inflation and then rate hikes
[img]https://i.imgur.com/BwprKLy.jpg/img]
Source:[URL=https://www.fdic.gov/analysis/archived-research/banking-review/brspecial.pdf]https://www.fdic.gov/analysis/archiv.../brspecial.pdf[/URL][/QUOTE]The number of failing banks only tells part of the story.
[img]https://i.imgur.com/vBxuRzp.png[/img]
[img]https://i.imgur.com/yCqlDS7.png[/img]
The[b]size[/b]of the failures has already exceeded 2008, even when adjusted for inflation.
[img]https://i.imgur.com/z5Ydxuz.png[/img]
[img]https://pbs.twimg.com/media/FvFb2KQXgAIOdxt?format=png&name=small[/img]
[img]https://pbs.twimg.com/media/FvFPN70WIAA_tZg?format=jpg&name=medium[/img]
[img]https://i.imgur.com/K72F930.png[/img]
^^^
Notice that is not including Silvergate, PacWest, or First Horizon [failed sale].
[img]https://i.imgur.com/BwprKLy.jpg/img]
Source:[URL=https://www.fdic.gov/analysis/archived-research/banking-review/brspecial.pdf]https://www.fdic.gov/analysis/archiv.../brspecial.pdf[/URL][/QUOTE]The number of failing banks only tells part of the story.
[img]https://i.imgur.com/vBxuRzp.png[/img]
[img]https://i.imgur.com/yCqlDS7.png[/img]
The[b]size[/b]of the failures has already exceeded 2008, even when adjusted for inflation.
[img]https://i.imgur.com/z5Ydxuz.png[/img]
[img]https://pbs.twimg.com/media/FvFb2KQXgAIOdxt?format=png&name=small[/img]
[img]https://pbs.twimg.com/media/FvFPN70WIAA_tZg?format=jpg&name=medium[/img]
[img]https://i.imgur.com/K72F930.png[/img]
^^^
Notice that is not including Silvergate, PacWest, or First Horizon [failed sale].
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05-04-2023, 11:42 AM
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#36
05-04-2023, 11:46 AM
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#37
05-04-2023, 11:46 AM
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#38
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Source??
05-04-2023, 11:49 AM
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#39
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[QUOTE=katya422 post_id=1682033583]The number of failing banks only tells part of the story.
[img]https://i.imgur.com/vBxuRzp.png
[img]https://i.imgur.com/yCqlDS7.png
The[b]size[/b]of the failures has already exceeded 2008, even when adjusted for inflation.
[img]https://i.imgur.com/z5Ydxuz.png
[img]https://pbs.twimg.com/media/FvFb2KQXgAIOdxt?format=png&name=small
[img]https://pbs.twimg.com/media/FvFPN70WIAA_tZg?format=jpg&name=medium
[img]https://i.imgur.com/K72F930.png
^^^
Notice that is not including Silvergate, PacWest, or First Horizon [failed sale].[/QUOTE]I don’t think adjusting for inflation is the correct way to look at this, in no small part because we’ve experienced 14-20 years of crazy growth and very low inflation (likely partly due to globalization) with low and almost zero interest rates.
Measuring against something like M1 or M2 money growth is probably the way to go, and we printed an insane amount of money during the pandemic in particular that is likely also a driver or what now needs to unwind.
This isn’t over yet.
[img]https://i.imgur.com/vBxuRzp.png
[img]https://i.imgur.com/yCqlDS7.png
The[b]size[/b]of the failures has already exceeded 2008, even when adjusted for inflation.
[img]https://i.imgur.com/z5Ydxuz.png
[img]https://pbs.twimg.com/media/FvFb2KQXgAIOdxt?format=png&name=small
[img]https://pbs.twimg.com/media/FvFPN70WIAA_tZg?format=jpg&name=medium
[img]https://i.imgur.com/K72F930.png
^^^
Notice that is not including Silvergate, PacWest, or First Horizon [failed sale].[/QUOTE]I don’t think adjusting for inflation is the correct way to look at this, in no small part because we’ve experienced 14-20 years of crazy growth and very low inflation (likely partly due to globalization) with low and almost zero interest rates.
Measuring against something like M1 or M2 money growth is probably the way to go, and we printed an insane amount of money during the pandemic in particular that is likely also a driver or what now needs to unwind.
This isn’t over yet.
05-04-2023, 11:49 AM
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#40
- ThatGuy950
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Coincel
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05-04-2023, 11:50 AM
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#41
05-04-2023, 12:03 PM
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#42
Originally Posted By Destor⏩
Agree. I believe that the money supply has shrunk rather sharpish like, which is unusual. However I heard that is mostly due to the cash moving from currency to bonds.I don’t think adjusting for inflation is the correct way to look at this, in no small part because we’ve experienced 14-20 years of crazy growth and very low inflation (likely partly due to globalization) with low and almost zero interest rates.
Measuring against something like M1 or M2 money growth is probably the way to go, and we printed an insane amount of money during the pandemic in particular that is likely also a driver or what now needs to unwind.
This isn’t over yet.
Measuring against something like M1 or M2 money growth is probably the way to go, and we printed an insane amount of money during the pandemic in particular that is likely also a driver or what now needs to unwind.
This isn’t over yet.
*NSFW* Language Warning
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05-04-2023, 12:14 PM
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#43
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I believe the money printing is also what drove the issues in banks like SVB who had so much cash coming in they didn't know what to do with it or how to mitigate their risk in an environment of rates increasing at the quickest clip ever. They bought a whack of long-term treasuries and MBS at very low yields, rates went way up and took those yields with them, bam big unrealized losses on their balance sheet.
The Fed giveth and the Fed taketh away, there's still too much money floating around if speculative assets like crypto are any indication. Consolidation in US banking has been happening for a while now, there are fewer than 100 banks in Canada and the 5 biggest have like 90% of the market share.
The Fed giveth and the Fed taketh away, there's still too much money floating around if speculative assets like crypto are any indication. Consolidation in US banking has been happening for a while now, there are fewer than 100 banks in Canada and the 5 biggest have like 90% of the market share.
05-04-2023, 12:16 PM
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#44
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Originally Posted By RICHSTRONG⏩
Dominoes, just fukin lol.Fake news! Just pulled a 20 spot out of my bank for some Dominos. Ain't no banks collapsing round here....
Absolute poverty
05-04-2023, 12:28 PM
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#45
- Jms89
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You love to see it! I can't wait for a collapse of this entire CHARADE JOKE of an economy. Bro we have had a national debt of 1 trillion a year collectively and now we have once again reached our debt ceiling. USA is about to be a third world country. It would be like if you or i kept maxing out our discover card, never paid, and they just kept extending our line of credit. That is EXACTLY what the US has been doing for the last 20 some years. It has to stop.
Also, auto manufacturers selling chit PAST MSRP, then adding markup, on 84 month terms to retards with negative equity is going to eventually collapse as well. None of the chit we have grown up with is sustainable.
But srs, its time to buy some stock in Bank of America, Wells Fargo, Etc. The "too big to fail crew". I did that when oil tanked during covid and made a chitload of $$$.
Also, auto manufacturers selling chit PAST MSRP, then adding markup, on 84 month terms to retards with negative equity is going to eventually collapse as well. None of the chit we have grown up with is sustainable.
But srs, its time to buy some stock in Bank of America, Wells Fargo, Etc. The "too big to fail crew". I did that when oil tanked during covid and made a chitload of $$$.
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05-04-2023, 12:31 PM
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#46
05-04-2023, 12:33 PM
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#47
05-04-2023, 12:49 PM
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#48
Originally Posted By Rajc⏩
Mebbe, but why now? There has been open manipulation of various stocks for ages.i think the government wants to fuk over short hedge funds
Check out comments-
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05-04-2023, 12:57 PM
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#49
05-04-2023, 01:14 PM
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#50
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It is unsettling what is happening in the banking sector.
05-04-2023, 02:39 PM
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#51
05-04-2023, 02:41 PM
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#52
05-04-2023, 02:50 PM
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#53
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Originally Posted By MEDITATE⏩
Of course it's fake news. The regional banks are fine. Just look at today's performance for these bank stocks... and they are falling more in after hours trading.yep
1. PacWest Bancorp PACW
-50.62%
2. Western Alliance Bancorporation WAL
-38.43%
3. First Horizon Corporation FHN
-33.16%
4. Huntington Bancshares Inc. HBANL
-11.01%
5. Metropolitan Bank Holding Corp. MCB
-6.41%
6. Huntington Bancshares Inc. HBANP
-14.02%
7. Comerica Inc. CMA
-12.28%
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05-04-2023, 02:59 PM
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#54
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Originally Posted By keyboardworkout⏩
a stock drop happens everywhere everytime you dip sh!t unlearned ignorant retardOf course it's fake news. The regional banks are fine. Just look at today's performance for these bank stocks... and they are falling more in after hours trading.
1. PacWest Bancorp PACW
-50.62%
2. Western Alliance Bancorporation WAL
-38.43%
3. First Horizon Corporation FHN
-33.16%
4. Huntington Bancshares Inc. HBANL
-11.01%
5. Metropolitan Bank Holding Corp. MCB
-6.41%
6. Huntington Bancshares Inc. HBANP
-14.02%
7. Comerica Inc. CMA
-12.28%
1. PacWest Bancorp PACW
-50.62%
2. Western Alliance Bancorporation WAL
-38.43%
3. First Horizon Corporation FHN
-33.16%
4. Huntington Bancshares Inc. HBANL
-11.01%
5. Metropolitan Bank Holding Corp. MCB
-6.41%
6. Huntington Bancshares Inc. HBANP
-14.02%
7. Comerica Inc. CMA
-12.28%
Cherish your life. Live to tell your story
05-04-2023, 03:05 PM
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#55
- keyboardworkout
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Originally Posted By MEDITATE⏩
Of course, healthy companies have their stock's value cut in half in a day of trading all the time. Especially on days when the total market lost less than 1%.a stock drop happens everywhere everytime you dip sh!t unlearned ignorant retard
Can I subscribe to your technical analysis newsletter?
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05-04-2023, 03:28 PM
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#56
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pretty sure someone is trying to use the momentum to tank a bunch of bank stocks
possibly one of the big boys looking for cheap discounted purchases to gobble someone up on daddy government's card
brb "we can't possibly consume this bank for pure profit"
brb "okay, here's a interest free loan/payment to make some pure profit"
brb "thanks big daddy government"
lol we're all fuked
possibly one of the big boys looking for cheap discounted purchases to gobble someone up on daddy government's card
brb "we can't possibly consume this bank for pure profit"
brb "okay, here's a interest free loan/payment to make some pure profit"
brb "thanks big daddy government"
lol we're all fuked
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05-04-2023, 04:42 PM
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#57
If I wanted to pull money from my IRA and brokerage accts in a year or two for a house, should I trade in my index funds for cash and bit the inflation bullet? Asking for a friend.....
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05-04-2023, 04:43 PM
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#58
Originally Posted By -JR⏩
No, buy a bond fund instead.If I wanted to pull money from my IRA and brokerage accts in a year or two for a house, should I trade in my index funds for cash and bit the inflation bullet? Asking for a friend.....
This is actually a once in a lifetime chance to buy bond funds for cheap. It's been like 30 years since it was last like this.
05-05-2023, 09:21 AM
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#59
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Current stock prices today.
1. PacWest Bancorp PACW
+73%
2. Western Alliance Bancorporation WAL
+38%
3. First Horizon Corporation FHN
+5%
4. Huntington Bancshares Inc. HBANL
+7%
5. Metropolitan Bank Holding Corp. MCB
+24%
6. Huntington Bancshares Inc. HBANP
+4%
7. Comerica Inc. CMA
+15%

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