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Are bank runs and financial contagion incoming?
The US Federal Reserve Bank, the world's largest and most influential central bank, is to hold an emergency meeting tomorrow - Advanced Notice of a Meeting under Expedited Procedures: https://www.federalreserve.gov/recentpostings.htm
Fed to hold emergency meeting on Monday amid SVB's swift collapse - https://uk.investing.com/news/stock-...-432SI-2946966
It's as a result of the collapse of Silicon Valley Bank, the largest US bank failure since 2008.
Silicon Valley Bank: Regulators take over as failure raises fears - https://www.bbc.co.uk/news/business-64915616
20 banks that are sitting on huge potential securities losses—as was SVB - https://www.msn.com/en-us/money/savi...vb/ar-AA18tAxj
The Bank of England has stepped in to to reassure that bank's British customers their money will be safeguarded. Meanwhile, in the US depositors at other US-based banks are getting cold feet.
<blockquote class="twitter-tweet"><p lang="en" dir="ltr">Bank of England statement on Silicon Valley Bank UK 👇 <a href="https://t.co/62snFTF2Wj">pic.twitter.com/62snFTF2Wj</a></p>— Bank of England Press Office (@BoE_PressOffice) <a href="https://twitter.com/BoE_PressOffice/status/1634341093616541699?ref_src=twsrc%5Etfw">March 10, 2023</a></blockquote> <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
<blockquote class="twitter-tweet"><p lang="en" dir="ltr">BREAKING STOCK ALERT: Roku falls in after-hours trading after revealing 26% OF TOTAL CASH is held at SVB...<br><br>ARE WE LOOKING AT A 2008 CRASH ON MONDAY OR WORSE?</p>— Chuck Callesto (@ChuckCallesto) <a href="https://twitter.com/ChuckCallesto/status/1634679365102444544?ref_src=twsrc%5Etfw">March 11, 2023</a></blockquote> <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
<blockquote class="twitter-tweet"><p lang="en" dir="ltr">First Republic Bank in Los Angeles, today 3/11.<br>Emergency meeting of the Fed! Get ready! <br>Lines of people.<br>The Bank Runs are starting. <a href="https://t.co/Z1H5W6mcZQ">pic.twitter.com/Z1H5W6mcZQ</a></p>— jersey fletcher (@FletcherJersey) <a href="https://twitter.com/FletcherJersey/status/1634675654133415936?ref_src=twsrc%5Etfw">March 11, 2023</a></blockquote> <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
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Re: Are bank runs and financial contagion incoming?
This fella seems to know what he's on about. He has 165k subscribers which suggests he's a credible analyst.
More Bank Failures Are Imminent as Liquidity Crisis Exposes Major Problems With the Banks:
https://youtu.be/G1qNAPVx8A4
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Re: Are bank runs and financial contagion incoming?
I would hope so, as I posted multiple warnings in the 2021/22 Conspiracy Theory Ballon D'Or winner, The Great Reset thread, and I wouldn't want to be known as a "conspiracy theorist", so yeah, the bigger the crash the better as far as I am concerned! :biggrin:
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Re: Are bank runs and financial contagion incoming?
Quote:
Originally Posted by
Wales-Bales
I would hope so, as I posted multiple warnings in the 2021/22 Conspiracy Theory Ballon D'Or winner, The Great Reset thread, and I wouldn't want to be known as a "conspiracy theorist", so yeah, the bigger the crash the better as far as I am concerned! :biggrin:
And the 2023 award for "How many "I's" in a sentence whilst saying feck all" goes to......
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Re: Are bank runs and financial contagion incoming?
Quote:
Originally Posted by
cyril evans awaydays
And the 2023 award for "How many "I's" in a sentence whilst saying feck all" goes to......
Great deflection, and another fantastic example of posting about nothing :thumbup:
PS if the economy goes bang you lose :hehe:
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Re: Are bank runs and financial contagion incoming?
Quote:
Originally Posted by
Wales-Bales
Great deflection, and another fantastic example of posting about nothing :thumbup:
Thanks. Still. I think that despite the best efforts of ResetWorld to talk this up as the beginning of a global contagion I think this is a localised issue around a bank too dependent on hi-tech stocks that will be managed by the Fed.
By your tone you think the opposite. Perhaps you could use some non-mealy mouthed language and we will see who is right. Winner gets to say the Great Silicon Bank Delusion in every exchange for a year.
Deal?
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Re: Are bank runs and financial contagion incoming?
Quote:
Originally Posted by
cyril evans awaydays
Thanks. Still. I think that despite the best efforts of ResetWorld to talk this up as the beginning of a global contagion I think this is a localised issue around a bank too dependent on hi-tech stocks that will be managed by the Fed.
By your tone you think the opposite. Perhaps you could use some non-mealy mouthed language and we will see who is right. Winner gets to say the Great Silicon Bank Delusion in every exchange for a year.
Deal?
And don't forget when the CBDC are forced upon us you will go down as being the biggest idiot in CCMB history!!
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Re: Are bank runs and financial contagion incoming?
Quote:
Originally Posted by
Wales-Bales
And don't forget when the CBDC are forced upon us you will go down as being the biggest idiot in CCMB history!!
Sorry I missed the bit where you are trumpeting that this episode will be the start of the great banking meltdown of 2023. Have another go without being mealy-mouthed this time.
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Re: Are bank runs and financial contagion incoming?
South Dakota Gov. Kristi Noem explains why she vetoed a central bank digital currency bill
https://www.youtube.com/watch?v=WVfRzWlmiXg
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Re: Are bank runs and financial contagion incoming?
Quote:
Originally Posted by
Wales-Bales
Come on. You can do it. I will write something so you can just cut and paste it in your reply if it helps.
I think that the collapse of Silicon Valley Bank will be the start of the the great banking meltdown as I previously gave multiple warnings of in 2021/22 Conspiracy Theory Ballon D'Or winner, The Great Reset thread.
Yours truly
Wales-Bales
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Re: Are bank runs and financial contagion incoming?
People should be watching the GSIB's and not listening to clueless Cyril's BS.
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Re: Are bank runs and financial contagion incoming?
Quote:
Originally Posted by
cyril evans awaydays
Thanks. Still. I think that despite the best efforts of ResetWorld to talk this up as the beginning of a global contagion I think this is a localised issue around a bank too dependent on hi-tech stocks that will be managed by the Fed.
By your tone you think the opposite. Perhaps you could use some non-mealy mouthed language and we will see who is right. Winner gets to say the Great Silicon Bank Delusion in every exchange for a year.
Deal?
Bookmark this!
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Re: Are bank runs and financial contagion incoming?
Quote:
Originally Posted by
Wales-Bales
Bookmark this!
It's like a cowardice case study. Like I said I think that despite the best efforts of ResetWorld to talk this up as the beginning of a global contagion I think this is a localised issue around a bank too dependent on hi-tech stocks that will be managed by the Fed.
Now do you think that the collapse of Silicon Valley Bank will be the start of the the great banking meltdown as I previously gave multiple warnings of in 2021/22 Conspiracy Theory Ballon D'Or winner, The Great Reset thread.
Yes or no?
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Re: Are bank runs and financial contagion incoming?
Quote:
Originally Posted by
cyril evans awaydays
It's like a cowardice case study. Like I said I think that despite the best efforts of ResetWorld to talk this up as the beginning of a global contagion I think this is a localised issue around a bank too dependent on hi-tech stocks that will be managed by the Fed.
Now do you think that the collapse of Silicon Valley Bank will be the start of the the great banking meltdown as I previously gave multiple warnings of in 2021/22 Conspiracy Theory Ballon D'Or winner, The Great Reset thread.
Yes or no?
Meanwhile the Lineker thread is on 19 pages, anything to keep the Teletubbies distracted :hehe:
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Re: Are bank runs and financial contagion incoming?
After the Russia collusion hoax and Hunter's laptop, we now have SVB is merely a hiccup. Thank you Cyril for keeping us constantly entertained :thumbup:
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Re: Are bank runs and financial contagion incoming?
Quote:
Originally Posted by
Wales-Bales
After the Russia collusion hoax and Hunter's laptop, we now have SVB is merely a hiccup. Thank you Cyril for keeping us constantly entertained :thumbup:
The funny thing is you have no idea how stupid you look because you haven't got the balls to risk being wrong. Now do you think that the collapse of Silicon Valley Bank will be the start of the the great banking meltdown as you previously gave multiple warnings of in 2021/22 Conspiracy Theory Ballon D'Or winner, The Great Reset thread.
Yes or No?
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Re: Are bank runs and financial contagion incoming?
Hello darkness, my old friend, I've come to talk with you again
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Re: Are bank runs and financial contagion incoming?
Quote:
Originally Posted by
Wales-Bales
I would hope so, as I posted multiple warnings in the 2021/22 Conspiracy Theory Ballon D'Or winner, The Great Reset thread, and I wouldn't want to be known as a "conspiracy theorist", so yeah, the bigger the crash the better as far as I am concerned! :biggrin:
I recall you've mentioned Evergrande around this forum prior. This article says 'it faces a March 20 court hearing in Hong Kong on a winding-up petition.' That one going belly-up has long been predicted to trigger a domino effect in that part of the world.
Evergrande Fails to Win Creditors’ Support as Key - https://finance.yahoo.com/news/everg...ycsrp_catchall
I recently posted the tweet below from the grandly named World Government Summit where Klaus Schwab appeared to state authoritatively the world will be completely different in 10 years.
Some of his fellow globalist ghouls expressed frustration that their Great Reset was taking too long and suggested a shock would be required to hasten their plans. An engineered banking sector collapse would certainly be good news for their CBDC scheme to replace physical money.
<blockquote class="twitter-tweet"><p lang="en" dir="ltr">NEW – World Government Summit Panel Discusses the 'Shock' Needed for the World Order Transformation<br><br>"To me the big question is how are we going to go through this transformation...it cannot be gradual, it has to be driven by a certain shock that will happen" <a href="https://t.co/HkxcD5oX2m">pic.twitter.com/HkxcD5oX2m</a></p>— Chief Nerd (@TheChiefNerd) <a href="https://twitter.com/TheChiefNerd/status/1626024751922642945?ref_src=twsrc%5Etfw">February 16, 2023</a></blockquote> <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
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Re: Are bank runs and financial contagion incoming?
You posed a question at the start of this thread Morg. Do you think bank runs and financial contagion, as foretold in the The Great Reset chronicles is imminent as a result of the collapse of the Silicon Valley Bank as try as I might I can't get a straight answer out of your dissembling sidekick.
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Re: Are bank runs and financial contagion incoming?
Quote:
Originally Posted by
Organ Morgan.
I recall you've mentioned Evergrande around this forum prior. This article says 'it faces a March 20 court hearing in Hong Kong on a winding-up petition.' That one going belly-up has long been predicted to trigger a domino effect in that part of the world.
Evergrande Fails to Win Creditors’ Support as Key -
https://finance.yahoo.com/news/everg...ycsrp_catchall
I recently posted the tweet below from the grandly named World Government Summit where Klaus Schwab appeared to state authoritatively the world will be completely different in 10 years.
Some of his fellow globalist ghouls expressed frustration that their Great Reset was taking too long and suggested a shock would be required to hasten their plans. An engineered banking sector collapse would certainly be good news for their CBDC scheme to replace physical money.
NEW – World Government Summit Panel Discusses the 'Shock' Needed for the World Order Transformation
"To me the big question is how are we going to go through this transformation...it cannot be gradual, it has to be driven by a certain shock that will happen"
pic.twitter.com/HkxcD5oX2m
— Chief Nerd (@TheChiefNerd)
February 16, 2023<script async="" src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
It should have collapsed ages ago but has been kept on life support by the CCP.
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Re: Are bank runs and financial contagion incoming?
Quote:
Originally Posted by
cyril evans awaydays
You posed a question at the start of this thread Morg. Do you think bank runs and financial contagion, as foretold in the The Great Reset chronicles is imminent as a result of the collapse of the Silicon Valley Bank as try as I might I can't get a straight answer out of your dissembling sidekick.
'They' can collapse it whenever they want in a way that the majority would believe is no entity's fault and spontaneous.
Re your query, as you're aware, I'm not given to make predictions.
But I will keep a close eye on developments.
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Re: Are bank runs and financial contagion incoming?
You boys need to keep your "I told you so" powder dry. Fully understand!
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Re: Are bank runs and financial contagion incoming?
Quote:
Originally Posted by
Organ Morgan.
'They' can collapse it whenever they want in a way that the majority would believe is no entity's fault and spontaneous.
Re your query, as you're aware, I'm not given to make predictions.
But I will keep a close eye on developments.
True, but the short-term goal is Digital ID & CBDC among other things, so how else do you do it?
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Re: Are bank runs and financial contagion incoming?
Quote:
Originally Posted by
cyril evans awaydays
You boys need to keep your "I told you so" powder dry. Fully understand!
You mean like when you told us Trump was colluding with Russia and Hunter's laptop was fake?
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Re: Are bank runs and financial contagion incoming?
Quote:
Originally Posted by
Wales-Bales
True, but the short-term goal is Digital ID & CBDC among other things, so how else do you do it?
Anyone lost a pair of bollocks? I found some tiny shrivelled up ones in this thread earlier.
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Re: Are bank runs and financial contagion incoming?
Cyril Evans Awaydays, CCMB's senior member and Slough's third oldest resident, is an avid Sun newspaper reader.
When that publication told him to get a Covid needle his astounded carer said he climbed aboard his mobility scooter faster than a ferret can disappear down a rabbit hole.
Unfortunately, his dopey nephew and pillion passenger, fellow CCMB'er Lardy, was typically much slower off the mark which delayed their journey to the vaccination centre.
In a panic, he tore along the town's pavements at a breakneck 15 mph when scattering frightened pedestrians. Nobody was safe. Mothers pushing their prams heard the words: "move you stupid bint, get out of the faarking way!" as the aged, flat cap wearing hooligan approached.
Will he make a similar hysterical dash to the nearest branch of his bank should the currant bun tell him his dough's not safe there?
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Re: Are bank runs and financial contagion incoming?
Not sure if I am supposed to be flattered or appalled that I have joined Sludge as a recipient of your tortuous pen pictures
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Re: Are bank runs and financial contagion incoming?
Quote:
Originally Posted by
Wales-Bales
True, but the short-term goal is Digital ID & CBDC among other things, so how else do you do it?
I presume a banking wipeout would be to spark hyperinflationary chaos rendering everyone's life savings and current income to be reset to effectively nil purchasing power.
Cue riots and societal collapse as every supermarket window goes in, then weeks later when no grub is to be had by the starving masses, people's front doors are booted off their hinges as former good neighbours battle for survival at anyone and everyone else's expense.
When it's adjudged there's been enough death and suffering a One World Government solution would emerge when their blue helmet wearing UN peacekeepers appear to restore order.
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Re: Are bank runs and financial contagion incoming?
Quote:
Originally Posted by
Organ Morgan.
I presume a banking wipeout would be to spark hyperinflationary chaos rendering everyone's life savings and current income to be reset to effectively nil purchasing power.
Cue riots and societal collapse as every supermarket window goes in, then weeks later when no grub is to be had by the starving masses, people's front doors are booted off their hinges as former good neighbours battle for survival at anyone and everyone else's expense.
When it's adjudged there's been enough death and suffering a One World Government solution would emerge when their blue helmet wearing UN peacekeepers appear to restore order.
Sounds good :thumbup:
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Re: Are bank runs and financial contagion incoming?
Quote:
Originally Posted by
Organ Morgan.
I presume a banking wipeout would be to spark hyperinflationary chaos rendering everyone's life savings and current income to be reset to effectively nil purchasing power.
Cue riots and societal collapse as every supermarket window goes in, then weeks later when no grub is to be had by the starving masses, people's front doors are booted off their hinges as former good neighbours battle for survival at anyone and everyone else's expense.
When it's adjudged there's been enough death and suffering a One World Government solution would emerge when their blue helmet wearing UN peacekeepers appear to restore order.
Crikey, having reread that it was quite depressing.
On a somewhat brighter note, nobody but nobody would give a flying feck about Gary Lineker.
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Re: Are bank runs and financial contagion incoming?
SVB's Chief Risk Officer was busy organising a LGBTQ awareness campaign , hence the phrase of go woke / go broke seems to be the headline of the day.
You need banks to be boring and dull and safe, not what SVB was. Any company that has money in SVB now looks likely to go under. The board of the bank are probably on a boat to South America by now - or facing a stretch in San Quentin jailhouse. All rather depressing - it's as if this has not happened before is it ?
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Re: Are bank runs and financial contagion incoming?
Quote:
Originally Posted by
Organ Morgan.
I presume a banking wipeout would be to spark hyperinflationary chaos rendering everyone's life savings and current income to be reset to effectively nil purchasing power.
Cue riots and societal collapse as every supermarket window goes in, then weeks later when no grub is to be had by the starving masses, people's front doors are booted off their hinges as former good neighbours battle for survival at anyone and everyone else's expense.
When it's adjudged there's been enough death and suffering a One World Government solution would emerge when their blue helmet wearing UN peacekeepers appear to restore order.
There are some people out there that actually welcome a collapse - as it means there is some great deals to be done - regardless of the human cost.
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Re: Are bank runs and financial contagion incoming?
Quote:
Originally Posted by
Wales-Bales
Sounds good :thumbup:
In the type of scenario described there'd be no safe places other than underground bunkers. Many assume they are for the rich and connected to survive thermonuclear war. They could be to wait out a year or two of bloodletting on the surface, perhaps until the required amount of "hackable animals" have depopulated themselves.
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Re: Are bank runs and financial contagion incoming?
Quote:
Originally Posted by
pipster
SVB's Chief Risk Officer was busy organising a LGBTQ awareness campaign , hence the phrase of go woke / go broke seems to be the headline of the day.
You need banks to be boring and dull and safe, not what SVB was. Any company that has money in SVB now looks likely to go under. The board of the bank are probably on a boat to South America by now - or facing a stretch in San Quentin jailhouse. All rather depressing - it's as if this has not happened before is it ?
looks like they payed out bonuses before the collapse too
https://www.axios.com/2023/03/11/sil...d-bonuses-fdic
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Re: Are bank runs and financial contagion incoming?
Quote:
Originally Posted by
pipster
SVB's Chief Risk Officer was busy organising a LGBTQ awareness campaign , hence the phrase of go woke / go broke seems to be the headline of the day.
You need banks to be boring and dull and safe, not what SVB was. Any company that has money in SVB now looks likely to go under. The board of the bank are probably on a boat to South America by now - or facing a stretch in San Quentin jailhouse. All rather depressing - it's as if this has not happened before is it ?
Ah, the TWGL1/WalesBales reinforcement franchise. Right on cue.
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Re: Are bank runs and financial contagion incoming?
Quote:
Originally Posted by
MOZZER2
Yep, it's all orchestrated.
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Re: Are bank runs and financial contagion incoming?
So to summarise. The Watch out for the Weffers are exchanging vague dystopian platitudes proudly proclaiming their ability to see around corners. However, when it comes to the Silicon Valley Bank the line seems to be you see in your eyes the same fear that would take the heart of me. A day may come when the courage of Men fails, when we forsake our friends and break all bonds of fellowship, but it is not this day.
Have I got that right or is the real gift waiting until after the event to demonstrate your GCSEs in clairvoyance?
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Re: Are bank runs and financial contagion incoming?
Quote:
Originally Posted by
cyril evans awaydays
So to summarise. The Watch out for the Weffers are exchanging vague dystopian platitudes proudly proclaiming their ability to see around corners. However, when it comes to the Silicon Valley Bank the line seems to be you see in your eyes the same fear that would take the heart of me. A day may come when the courage of Men fails, when we forsake our friends and break all bonds of fellowship, but it is not this day.
Have I got that right or is the real gift waiting until after the event to demonstrate your GCSEs in clairvoyance?
You can rabbit on all you like. What you cannot deny is Schwab's and Harari's publicly made utterings. Those boys are not mucking around.
This could describe how financial meltdown begins to unfold.
https://www.youtube.com/watch?v=BAhhqqX1XEU
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Re: Are bank runs and financial contagion incoming?
Does it look like what has happened with Silicon Valley Bank or something completely different?
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Re: Are bank runs and financial contagion incoming?
It started out with a blip, how did it end up like this? It was only a blip.
Warning of 'existential threat' to UK tech sector after failure of Silicon Valley Bank in the US
https://news.sky.com/story/warning-o...he-us-12831826