SVB, other big banks, and smaller regional banks crashing

Toleolu · March 17, 2023, 5:12pm

As with all things like this, there are a number of very complex and seemingly unrelated reasons for what happened, and what will continue to happen.

It’s always easier for people to focus on a single issue, but that never tells the whole story.

Snookoda · March 17, 2023, 10:12pm

There have been several issues mentioned in this thread, but bombs can be dropped to hit multiple targets. It’s quite obvious that economies are being deliberately torpedoed at the moment. What seems like chaos is quite logical when bearing that in mind.

brainio · March 18, 2023, 12:16am

Bank Failures All By Design?! (Fed’s Centralizing US Banking System!) Dangerous For Us!
Crypto Casey

https://www.youtube.com/watch?v=y6hgFqAmAm4

brainio · March 25, 2023, 12:44am

Chokepoint 2.0 Confirmed. It Was All About Collapsing Crypto.
Kim Iversen

https://www.youtube.com/watch?v=DsKMiaofgl8

Bevo · March 26, 2023, 9:51am

Bevo · March 26, 2023, 9:52am

Snookoda · March 26, 2023, 10:08am

My bank refuses to set up a direct debit with Coinbase. Coinbase… who are listed on the NASDAQ.

I don’t think a lot of crypto people realise that governments and banks can effectively shut it down whenever they like. Even assuming the networks aren’t tampered with, if you can’t get cash in and out of the system then crypto is a goner.

Bevo · March 26, 2023, 2:00pm

More trouble ahead for the US currency

Settlements between Moscow and Beijing are already carried out mostly in national currencies, the Russian president says

Russia is ready to increase settlements in yuan in its foreign trade, President Vladimir Putin said on Tuesday during talks with his Chinese counterpart Xi Jinping, who is in Moscow on a three-day official visit.

“We are for the use of Chinese yuan in settlements between Russia and the countries of Asia, Africa, and Latin America. I am sure that these forms of settlements in yuan will be developed between Russian partners and their counterparts in third countries,” Putin said.

Two thirds of current trade between Moscow and Beijing is carried out in national currencies – the yuan and the ruble, the Russian president noted.

China’s trade with Russia hit a record high in 2022, growing by nearly a third amid Western sanctions against Moscow. Bilateral trade is on pace to hit over $200 billion this year.

The latest data from the Bank of Russia shows the yuan has become a major player in Russia’s foreign trade, with its share in the country’s import settlements jumping to 23% by the end of last year from only 4% in January 2022. The yuan’s share in export settlements also surged, from 0.5% to 16%.

Meanwhile, the share of the US dollar and euro in Russia’s export settlements last year dropped substantially, from 65% in January 2022 to 46% in December.

In February, the Chinese currency overtook the dollar as the most traded currency on the Russian stock market for the first time ever, according to data from the Moscow Exchange.

Toleolu · March 28, 2023, 2:09pm

I read something interesting today about the SVB failure.

They are saying that it was the largest and fastest run of depositors pulling their money out in history. Another link in the chain of events leading up to the crash.

I’m pretty sure mass communications and social media had a lot to do with that, which in a way, might be a good thing.

Bob · March 28, 2023, 3:11pm

This guy is informative.

Bevo · April 3, 2023, 9:01pm

Australia’s biggest bank CBA starting possibly progressive restrictions on cash

ANZ, another main bank here has allegedly also restricted cash exchanges a while back

The far from transparent reason shown is ‘safer banking’
My arse…

CBDCs here we go…

https://twitter.com/Theblackfemini3/status/1642631026081165313?t=HR-F-XBVRcB6--V96LyWKA&s=19

Bevo · April 3, 2023, 9:12pm

[ News, ourcomnews, emi, emiprodaus, digital, digital currency, new worl... | TikTok ]

Bevo · April 4, 2023, 9:07pm

https://twitter.com/newsheli/status/1643045765357654017?t=iUEyphEOReAPCBe95aCcnA&s=19

Bevo · April 5, 2023, 9:25pm

Rubio admitting sanctions won’t work in 5 years,
because other countries won’t be using the US dollar

[ Dedollarization = end of sanctions? Marco Rubio seems to think so. No ... | TikTok ]

Snookoda · April 5, 2023, 10:28pm

Nigeria has had CBDCs for a year. Now banks are charging 20% (!!!) for withdrawing cash. Up to 40% actually.

China is experimenting with expiry dates for their digital yuan now. What’s happening around the world (and in our countries soon) is almost unbelievable.

brainio · April 5, 2023, 10:55pm

The dollar is looking in serious danger of losing it’s value. I remember talks from years ago about what is going on right now. And now it’s a reality. The U.S. gov/biz could always quit being cunts and prevent disaster, but I don’t see that happening. And if allies stick to the dollar, they will be dragged right down too.