SVB guess I’ll post a thread since no one else has I can see

[TinkerTanker]

Most of this was him and the Fed causing the banks to run backward with their interest rates. They're having to cover their expenses and customer withdrawals with bonds at a higher percentage than what their current loans are set at so every time they sell bonds, they go in debt.

It's 100% Orchestrated.

Currently we're in cash and treasuries and doing well enough. We have a few handpicked stocks that are doing well but the current market (and government) isn't promoting business growth. It's promoting public/private "partnerships" so it can do things the constitution says it can't. If those businesses have a loss (Solyndra?) it doesn't matter. The government can prop them up or tell the owners to file bankruptcy and make a new company to get more subsidies.

 

[CutBaitNBlowSh*tUp4ALivin]

 

[mtnboomr]

Such is why I left banks years ago. Been with Tinker Credit Union for years and love them. Much less hassle than any bank I've ever used.

 

[turkeyrun]

With treasuries paying over 5% and savings accounts paying nothing, guess where I moved my money? And guess where more and more are moving their money?

Know what happens when savers or investors can earn 500% more somewhere else in a risk free investment? They move their money.

What happens when anyone with a brain decides to move their money out of the bank that can’t compete with the .gov? Bye bye bank.

Who regulates the banks? Who sells T bills?

The.gov is competing against these banks and are pushing them to insolvency.

Treasuries dropped Friday but here are the current rates. These are as risk free as you can get. If these fail, the .gov has failed.

View attachment 356434

And where does one get these T-bills?

From the bank.

The goobermint couldn't be complicit in manipulation of the system?

 

[ttown]

3 month CDs are paying 5.1%. Most brokers sell them like Fidelity.

Wouldn’t this be something if they lost everything…

 

[SlugSlinger]

And where does one get these T-bills?

From the bank.

The goobermint couldn't be complicit in manipulation of the system?

I get t bills through my brokerage account. Not through a bank.

 

[JEVapa]

Jim Cramer is a useful source for investing. You can always count on doing the opposite of what he says is best.

IDK if there’s a truer statement

 

[Chief Sapulpa]

Those of you with home safes should have at least 60 days worth of cash reserves in there.

 

[Shadowrider]

Jim Cramer is a useful source for investing. You can always count on doing the opposite of what he says is best.

Yep. For the life of me I don't understand why he is able to keep his show.

 

[Judi]

and no one will go to jail, no money will be "found"....

...and dan it...we'll have hearings and looking into political scum quacking...


and

no one will go to jail, no money to be found....

and everyone moves on to their next banking job...smiling as they take your money.