I would be willing to be that we will see many more banks closing this year. I can see the markets crashing wicked hard this year. I can see it and feel it Greg. Look forward to your next show. Thanks Brother. Keep up the good work. 🇺🇲❤️👍 FJB.
FDIC insured is not enough to cover all, it's mathematically impossible. Ever if you get pennies on the dollar from FDIC, your cash will be tied up for some time. Get cash out asap.
Just a thought:: Once a couple of BIG BANKS start to fail like Wells Fargo, City-Corp Etc. it's Katey Bar the Door "LITERALLY" Exactly what the banks will do, the BRICS are in the wings waiting with bated breath. I believe now its some where in the teens who are part of the of the BRICS. Mexico just joined or is about to.. Like GREG keeps saying DEBT,DEBT, DEBT has to be applied continually or it all comes crashing down. Rock and a Hard place ,what ever the FED decides the interest rate hike will be. TWO weeks away!!!
This bank was a one off. It was a vulture, oops I meant venture capital bank funneling money to worthless tech startups. I doubt there is much contagion.
This has been developing for months...and this is not the only institution. The 2nd largest bank in the country. This is no small deal, even if the government does take over this bank. A complete default here would accelerate the imminent apolcalyse.
This is like a coming Tsunami when the tide goes back out to sea and it gets frighteningly quiet...puts people at ease...even though a 30 foot wave is headed their way.
There is no way to stop was coming...but now, others have awaken to what we have all known what's coming....and prayerfully are now headed towards higher ground.
As the worlds dollars collapse, and become worthless, I see them flooding back into the bond market, collapsing yields. What will that do to the MMRI. I think the formula is tied into the bond market?
If you didn't take Greg's foresight into these things... Still got a couple minutes to go. Become your own bank, and learn to network more effectively. Buying more physical silver helps too..
The FDIC link says uninsured depositors (with over $250k?) get a receivership certificate for their uninsured funds.
If I’m reading this right, that means any entity that still has money on SVB now has to go through a bankruptcy claims-like process for money over $250k.
And may not be able to access funds during that time…
That is if it is a bail - in. Remember, this is California, and these are big tech people which are bluer than a Smurf. The progressive in control now may make this everybody's problem with a bail - out!!! If this were Red State citizens, I am sure it would be a bail - in.
I would be willing to be that we will see many more banks closing this year. I can see the markets crashing wicked hard this year. I can see it and feel it Greg. Look forward to your next show. Thanks Brother. Keep up the good work. 🇺🇲❤️👍 FJB.
FDIC insured is not enough to cover all, it's mathematically impossible. Ever if you get pennies on the dollar from FDIC, your cash will be tied up for some time. Get cash out asap.
Don't worry--They gonna print 'da Money.
Greg, You should add a factor to the MMRI that uses the gap in the yield curve, as well :)
Just a thought:: Once a couple of BIG BANKS start to fail like Wells Fargo, City-Corp Etc. it's Katey Bar the Door "LITERALLY" Exactly what the banks will do, the BRICS are in the wings waiting with bated breath. I believe now its some where in the teens who are part of the of the BRICS. Mexico just joined or is about to.. Like GREG keeps saying DEBT,DEBT, DEBT has to be applied continually or it all comes crashing down. Rock and a Hard place ,what ever the FED decides the interest rate hike will be. TWO weeks away!!!
I think BOA might be a casualty soon ;-)
This bank was a one off. It was a vulture, oops I meant venture capital bank funneling money to worthless tech startups. I doubt there is much contagion.
musical chairs with the banks has begun,............................let's see who is left standing, NO accident here !!!
My Brother---This is just the beginning. 2 dead banks in 3 days? Plus the Inconvenient pregnant elephant in the room: DERIVATIVES.
Spoke on this here on my report: https://www.youtube.com/watch?v=LgRP_jGg1Ek
SIVB = 56 and done 83 days after pope's bday for a reason (collapse = 83)
This has been developing for months...and this is not the only institution. The 2nd largest bank in the country. This is no small deal, even if the government does take over this bank. A complete default here would accelerate the imminent apolcalyse.
This is like a coming Tsunami when the tide goes back out to sea and it gets frighteningly quiet...puts people at ease...even though a 30 foot wave is headed their way.
There is no way to stop was coming...but now, others have awaken to what we have all known what's coming....and prayerfully are now headed towards higher ground.
The markets can’t hold gains let’s see this time next week the money supply has ballooned so much will it last I don’t think so !
https://www.thegatewaypundit.com/2023/03/breaking-california-regulators-close-silicon-valley-bank-fdic-named-receiver-ceo-allegedly-sold-3-5-million-in-stock-in-last-two-weeks/
As the worlds dollars collapse, and become worthless, I see them flooding back into the bond market, collapsing yields. What will that do to the MMRI. I think the formula is tied into the bond market?
Gold is up over 500% in the last 20 years and gold is up over 4000% in the last 50 years!
If you didn't take Greg's foresight into these things... Still got a couple minutes to go. Become your own bank, and learn to network more effectively. Buying more physical silver helps too..
Good night to anyone with over 250K
Appears that SVB has been closed.
The FDIC link says uninsured depositors (with over $250k?) get a receivership certificate for their uninsured funds.
If I’m reading this right, that means any entity that still has money on SVB now has to go through a bankruptcy claims-like process for money over $250k.
And may not be able to access funds during that time…
That is if it is a bail - in. Remember, this is California, and these are big tech people which are bluer than a Smurf. The progressive in control now may make this everybody's problem with a bail - out!!! If this were Red State citizens, I am sure it would be a bail - in.
It seems like the whole system is unraveling. Will see if the'll be able to pull a HAT TRICK 1999--2008--????