A quote from above: "And while such a course of action by venture capitalists would be understandable, if ethically questionable, what is perhaps more notable is what Bloomberg reported earlier, citing The Infromation: it wasn't just the Peter Thiels of the world:
"Prominent venture capitalists advised their tech startups to withdraw money from Silicon Valley Bank, while mega institutions such as JP Morgan Chase & Co sought to convince some SVB customers to move their funds Thursday by touting the safety of their assets.
"Let us get this straight: the largest US commercial bank was actively soliciting the clients of one of its biggest competitors, and the 16th largest US bank, knowing full well deposit flight would almost certainly lead to the collapse of a bank which courtesy of fractional reserve banking, had only modest cash to satisfy deposit demands: certainly not enough to meet $42 billion in deposit outflows.
"Of course, Jamie, who has suddenly emerged as a key figure in the Jeff Epstein scandal alongside Jes Staley, knows this, and would be delighted with an outcome that kills two birds with one stone: take his name off the front pages and also make JPMorgan even bigger. Actually three birds: remember it was JPM that started that "Not QE" Fed liquidity injection in Sept 2019 when the bank "suddenly" found itself reserve constrained. We doubt that JPM would mind greatly if Powell ended his rate hikes and eased/launched QE as a result of a bank crisis, a bank crisis that Jamie helped precipitate.
"And while we wait to see if Dimon's participation in the Epstein scandal will now fade from media coverage, and whether Powell will launch QE, we know one thing for sure: JPM was a clear and immediate benefactor of SIVB's collapse because in a day when everything crashed, JPM stock was one of the handful that were up."
Hey Greg, I have a question. I am hearing that Credit Unions have alot to do with loans and the car industry. How do you think that unfolds with the credit unions? I assumed they were a bit safer?
Joke of the day. The MSNBC mouth Jim Cramer recommended buying Silicone Valley Bank in February 2023. Absolutely full of hot air and something else. 😊.
Many say that SVB was very conservative with a greater asset percentage in Treasuries than most, those this also can lead to illiquidity with the drop in their face value thanks to the Fed. I am thinking that this was basically a hit job between the WS Banks and Jaime Demon in particular, and the Fed which also wants the consolidation of banking for the CBDC rollout and undermining the real crypto decentralized coins which SVB supported indirectly and which they see as a threat. With zero reserve requirements, any bank would collapse with even a minor run if the Big Boys wanted to pick their bones.
Your the best Buddy! Greg, could you comment on the USDC element. It almost seems like a stability test. USDC looks like the potential dominant adopter by the centralized system and with the rapid bot selloff and recovery by big money in this initial stage it would seem like a test. The math says USDC has at worse a 2% loss from the SVB. Thanks
The sun god Jesus Christ has decided to MURDER his Nazi, Ukrainian disciples on the battlefield. The Ukrainian soldiers have been ABANDONED by their earth pig god Jesus Christ.
Remember what the NWO A holes want, One world government, One world religion and One world bank, well it's clear to see which one they're working hard on now !!!! Just like media went from 50 companies in the 1980's down to 6 today, the same will happen to the banks. Hopefully credit unions will stave off a total collapse for a bit longer. The one world government is laready in play over at the Vatican... The church of Satan
No surprise any of this is happening thanks to you and Gerald Celente. Quick question. How safe are T bills and I bonds in this current environment? Looking to protect my savings. Thanks.
USA will be last fiat standing reserve currency that’s why USA is borrowing their ass off it’s like maxing out your credit card then filling bankruptcy
Are community banks safe or safer than other banks and are community banks part of the Central Banking system? Love & appreciate your work & dedication.
They are going to pay customers their money back to make the masses believe that their money is safe in the banks, but when it comes time for the bigger banks to fail: payment will not come. People are starting to see that the banks are not safe, but this move will show that they are.
I was checking into moving my money to a credit union but got spooked when I found out they aren’t required to have reserves. 🤷♀️ would appreciate some clarification around this issue as well.
True story guy bought a house and decided to remove a tree stump found money with date 1934 speculated that old owner didn’t tell his children who sold the property after he passed away
I believe Credit Unions are better, as they are not casino banks. But, their "assets" are loans, and in a financial crisis many people will default on their loans. My credit union is very conservative on making loans, which puts them in a better position than most banks - but again, in a crisis there will be many defaults, which is why I suggest keeping most long term savings in precious metals and a smaller amount in the bank/credit union.
Hi! This is exactly what I am seeking to do. I need some help though. My employer sponsored plan is verrry limited and doesn’t afford the flexibility to follow an investment plan such as the one laid out by GM. looking for someone informed by GM logic to guide me.
Anyone hear of Hunington Bank in the Midwest? Wondering if they are solvent. The way this bank dropped in value in a few days makes any bank suspect to failure almost overnight.
The government gave the bank 900 million dollars because "they were too big to fail" quoting GWB in October 2008 Also it took all credibility away from the GOP and gave us president Obama by design
Politics is usually rigged too! Trump stumped them though They didn't think Hillary could lose!
I made a silver purchase at my local store on the square here in Marietta, GA( save up come visit you'll love it ) I got 24 oz. of pre 65 mix for $500 of mostly dimes and 6 quarters and the rest halves BUT the wild part about it was he could only give me 6 quarters and the rest were halves in store and he always has LOTS of silver so I always hear about silver stats from Bix and Slayer and so forth so if Robinson Coin is out then something quirky maybe going on and he stays closed from Saturday at 5 until Wednesday at 9 am This week is going to be quite memorable hope everyone is prepped as bountiful as possible!
We got away from the big banks with the derivatives and were using small banks and credit union--but now small banks aren't safe either???
Are short term 6-9 month CDs at small local banks safe?
Any thoughts on short term treasuries? How do you buy them? Can you put them in an IRA? Already have metals IRA, but not sure what to do with the rest?
On Wealthion, Lance Roberts said instead of savings, put money in brokerage account--they have SPIC for up to 100K cash and 400K equities?--he said put it in BIL--anyone ever hear of any of this?
We've been slowly emptying checking accounts and building up supply of cash at home.
Already have gold/silver bullion at home.
I guess the idea truly is to be your own central bank and just keep enough in bank accounts to pay bills?
Don't see that anyone else in this thread noticed ZH's article last night pointing to JP Morgan's "last minute" hand in all this:
https://www.zerohedge.com/markets/record-bank-run-drained-quarter-or-42-billion-svbs-deposits-hours-leaving-it-negative-1bn
A quote from above: "And while such a course of action by venture capitalists would be understandable, if ethically questionable, what is perhaps more notable is what Bloomberg reported earlier, citing The Infromation: it wasn't just the Peter Thiels of the world:
"Prominent venture capitalists advised their tech startups to withdraw money from Silicon Valley Bank, while mega institutions such as JP Morgan Chase & Co sought to convince some SVB customers to move their funds Thursday by touting the safety of their assets.
"Let us get this straight: the largest US commercial bank was actively soliciting the clients of one of its biggest competitors, and the 16th largest US bank, knowing full well deposit flight would almost certainly lead to the collapse of a bank which courtesy of fractional reserve banking, had only modest cash to satisfy deposit demands: certainly not enough to meet $42 billion in deposit outflows.
"Of course, Jamie, who has suddenly emerged as a key figure in the Jeff Epstein scandal alongside Jes Staley, knows this, and would be delighted with an outcome that kills two birds with one stone: take his name off the front pages and also make JPMorgan even bigger. Actually three birds: remember it was JPM that started that "Not QE" Fed liquidity injection in Sept 2019 when the bank "suddenly" found itself reserve constrained. We doubt that JPM would mind greatly if Powell ended his rate hikes and eased/launched QE as a result of a bank crisis, a bank crisis that Jamie helped precipitate.
"And while we wait to see if Dimon's participation in the Epstein scandal will now fade from media coverage, and whether Powell will launch QE, we know one thing for sure: JPM was a clear and immediate benefactor of SIVB's collapse because in a day when everything crashed, JPM stock was one of the handful that were up."
Spot on Greg!
FTX
Mhm I read it and hear it first right here with you Greg!!! You are absolutely amazing!!! Love you lots and really appreciate what you do!
I'm thinking about getting away from chase Bank and going to a credit union.
Hey Greg, I have a question. I am hearing that Credit Unions have alot to do with loans and the car industry. How do you think that unfolds with the credit unions? I assumed they were a bit safer?
Joke of the day. The MSNBC mouth Jim Cramer recommended buying Silicone Valley Bank in February 2023. Absolutely full of hot air and something else. 😊.
Shorted it
Many say that SVB was very conservative with a greater asset percentage in Treasuries than most, those this also can lead to illiquidity with the drop in their face value thanks to the Fed. I am thinking that this was basically a hit job between the WS Banks and Jaime Demon in particular, and the Fed which also wants the consolidation of banking for the CBDC rollout and undermining the real crypto decentralized coins which SVB supported indirectly and which they see as a threat. With zero reserve requirements, any bank would collapse with even a minor run if the Big Boys wanted to pick their bones.
Young people got taught a lesson hopefully they learned something
Your the best Buddy! Greg, could you comment on the USDC element. It almost seems like a stability test. USDC looks like the potential dominant adopter by the centralized system and with the rapid bot selloff and recovery by big money in this initial stage it would seem like a test. The math says USDC has at worse a 2% loss from the SVB. Thanks
The sun god Jesus Christ has decided to MURDER his Nazi, Ukrainian disciples on the battlefield. The Ukrainian soldiers have been ABANDONED by their earth pig god Jesus Christ.
Eeeeeheheheheheeee 😁😃 🤣🤣🤣🥳🤣😂
https://youtu.be/GF-vUZkRQfo
FED emergency meeting March 13th, 2023
https://t.me/amc4all/4529
I wonder what they want to discuss in their "closed door" meeting?
Eeeeeheheheheheeee 😁😃🤣😂🤣🥳🤣
Remember what the NWO A holes want, One world government, One world religion and One world bank, well it's clear to see which one they're working hard on now !!!! Just like media went from 50 companies in the 1980's down to 6 today, the same will happen to the banks. Hopefully credit unions will stave off a total collapse for a bit longer. The one world government is laready in play over at the Vatican... The church of Satan
No surprise any of this is happening thanks to you and Gerald Celente. Quick question. How safe are T bills and I bonds in this current environment? Looking to protect my savings. Thanks.
USA will be last fiat standing reserve currency that’s why USA is borrowing their ass off it’s like maxing out your credit card then filling bankruptcy
Are community banks safe or safer than other banks and are community banks part of the Central Banking system? Love & appreciate your work & dedication.
I likr and use ally bank. My intel says they will be solvent through 2023 at least
They are going to pay customers their money back to make the masses believe that their money is safe in the banks, but when it comes time for the bigger banks to fail: payment will not come. People are starting to see that the banks are not safe, but this move will show that they are.
I was checking into moving my money to a credit union but got spooked when I found out they aren’t required to have reserves. 🤷♀️ would appreciate some clarification around this issue as well.
Back yard in a hole just don’t forget where you buried it
I've actually been thinking about that.
True story guy bought a house and decided to remove a tree stump found money with date 1934 speculated that old owner didn’t tell his children who sold the property after he passed away
I just use webull s ira accounts and glint card.
Ally bank will still work for this year at least.
Are credit unions still somewhat safe?
I believe Credit Unions are better, as they are not casino banks. But, their "assets" are loans, and in a financial crisis many people will default on their loans. My credit union is very conservative on making loans, which puts them in a better position than most banks - but again, in a crisis there will be many defaults, which is why I suggest keeping most long term savings in precious metals and a smaller amount in the bank/credit union.
I recommend controlling ur own ira account and using that for income or stashing cash
Apps like webull make it easy
Hi! This is exactly what I am seeking to do. I need some help though. My employer sponsored plan is verrry limited and doesn’t afford the flexibility to follow an investment plan such as the one laid out by GM. looking for someone informed by GM logic to guide me.
Anyone hear of Hunington Bank in the Midwest? Wondering if they are solvent. The way this bank dropped in value in a few days makes any bank suspect to failure almost overnight.
The government gave the bank 900 million dollars because "they were too big to fail" quoting GWB in October 2008 Also it took all credibility away from the GOP and gave us president Obama by design
Politics is usually rigged too! Trump stumped them though They didn't think Hillary could lose!
I made a silver purchase at my local store on the square here in Marietta, GA( save up come visit you'll love it ) I got 24 oz. of pre 65 mix for $500 of mostly dimes and 6 quarters and the rest halves BUT the wild part about it was he could only give me 6 quarters and the rest were halves in store and he always has LOTS of silver so I always hear about silver stats from Bix and Slayer and so forth so if Robinson Coin is out then something quirky maybe going on and he stays closed from Saturday at 5 until Wednesday at 9 am This week is going to be quite memorable hope everyone is prepped as bountiful as possible!
Anyone have thoughts on any of this:
So where to we put cash?
We got away from the big banks with the derivatives and were using small banks and credit union--but now small banks aren't safe either???
Are short term 6-9 month CDs at small local banks safe?
Any thoughts on short term treasuries? How do you buy them? Can you put them in an IRA? Already have metals IRA, but not sure what to do with the rest?
On Wealthion, Lance Roberts said instead of savings, put money in brokerage account--they have SPIC for up to 100K cash and 400K equities?--he said put it in BIL--anyone ever hear of any of this?
We've been slowly emptying checking accounts and building up supply of cash at home.
Already have gold/silver bullion at home.
I guess the idea truly is to be your own central bank and just keep enough in bank accounts to pay bills?
Is there any way to stop this insanity??
oops, meant to say....Lance Roberts said instead of putting cash in savings account at bank, put it in brokerage account...