Are Banks going Belly Up?

[thepainterdoug]

Are Banks finally showing they are going bust? Alarming is the word.

·
https://www.cnbc.com/2023/03/10/sili...-happened.html

https://nypost.com/2023/03/10/nypd-c...l-cash-report/

https://nypost.com/2023/03/10/silico...ning-collapse/

[CurEus]

Avalonians are WELL advised to have alternate forms of non banked "money" be it cash, coins, precious and semi precious metals, barter and trade goods which ranges from food and water, to vices like alcohol in addition to their at home preparations for food, warmth, sanitation.

True, you can;t eat gold or silver but you can trade cigarettes or wine for something else I expect.

Essentially global "macro" finance is not within the limited purview of ourselves in as much that is absolutely dependent on our acceptance as it, like fiat, having any value at all. I expect an explosion in barter once Digital Currencies are mandated...for a time. But I steadfastly believe that it is best to be as self sufficient as we can be. So, to that end, I am much more comfortable with my "money" out of the bank and in my hands in some form that holds some value. And no, I do not have bricks of gold an silver at my place!

Am also concerned about mobility...I have a boat, am taking flying lessons and would like a camper van...am NOT doing another lockdown because I don't think the next one will "end".

[Sue (Ayt)]

Clif High put up two audios today on the banking problem:

Dirty Dealing Done right in front of your face...
https://clifhigh.substack.com/p/the-ugly-bank#details
and
Banking Ugly
The cookie crumbles....
https://clifhigh.substack.com/p/banking-ugly#details

This headline (from your first link, Doug) is not something to take lightly.
"Here’s how the second-biggest bank collapse in U.S. history happened in just 48 hours"
Every TV news station is running with this today. Pretty huge implications here...

And so it begins?

[pueblo]

There can be no transition to Central Bank Digital Currency (CBDC) while the current financial system remains functional (nominally).

CBDCs are one of the main pillars of their "Great Reset".... they are going to have to 'pull' the economy to get to the next stage.

As CurEus has advised.... get prepping!!

[pueblo]

USDC (Stablecoin) has more than $3 billion of it reserves in SVB (Silicon Valley Bank, which is currently failing hard).

USDC now seeing huge outflows as people are dumping Crypto...

https://coinmarketcap.com/currencies/usd-coin/

[pueblo]

[Matthew]

Posted by pueblo (here)
USDC (Stablecoin) has more than $3 billion of it reserves in SVB (Silicon Valley Bank, which is currently failing hard).

USDC now seeing huge outflows as people are dumping Crypto...

https://coinmarketcap.com/currencies/usd-coin/

Could be that the crypto market bombs out, but alternatively it could be a fakeout with high-level shenanigans to optimize some massive profit grab shortly. I'm not an optimist but I am greedy so I live in hope at the moment. I have popcorn ready.

[Bruce G Charlton]

When a civilization falls (or suicides) then material prepping can do no more than buy a few weeks of extended survival, maybe months. In the end, vast numbers of people Will be consumed in the downfall - and for those who remain longer, life will be extremely grim in ways the world have never previously experienced.

But survival is (or ought to be) a means to an end - and there are (many) spiritual outcomes worse than physical death. There are times when physical survival comes only at the cost of spiritual survival.

For most/ nearly-all people (especially in the West), it is *spiritual* prepping that is needed most urgently.

[Sue (Ayt)]

Whoa - Do see Gwin Ru's post about Wells Fargo Bank HERE.

"Warning Will Robinson!"

Source: https://youtube.com/watch?v=RG0ochx16Dg

[Satori]

Banks are not going bust, we the people are.

The people will once again be forced to bail out the big player banks in the central banking, fiat, debt-based, legal tender, legalized-criminal-con game, Ponzi scheme called the monetary/banking system. There is very little, if any “money” in the sense of being backed by any commodity as opposed to propped up by debt and the yoke and shackle of the full faith and credit of we the people enforced by the anti-constitutional, inhumane, and exorbitant, tax on incomes.

Modern money, so-called, has been eviscerated and relegated to nothing more than weightless photons in the electromagnetic ether, manipulated by avaricious criminals using supercomputers and engaging in myriad transaction in fractions of seconds.

They socialize the losses and privatize the profits. The winners are few and the losers are the masses.

Moral hazard at its worst.

[thepainterdoug]

Satori, yes thats how it always distills down. Sue, yes I saw Gwin's post. And I agree to be diversified as best possible.
Le'ts face it, much like prepping, if it's all going to go down it will be with some having a month delay of pain from the others.
Unless you're already a wilderness person, schooled and prepared to live off the land, free of electricity , finding catching and cooking your food, you will be in pain and discomfort.
We will all need to learn, do your best

[Satori]

Posted by thepainterdoug (here)
Satori, yes thats how it always distills down. Sue, yes I saw Gwin's post. And I agree to be diversified as best possible.
Le'ts face it, much like prepping, if it's all going to go down it will be with some having a month delay of pain from the others.
Unless you're already a wilderness person, schooled and prepared to live off the land, free of electricity , finding catching and cooking your food, you will be in pain and discomfort.
We will all need to learn, do your best

I know I was not saying anything that you and many others on this Forum and elsewhere did not already know. But your thread triggered that rant from me. So it’s your fault. Just kidding, of course.

[Sue (Ayt)]

Posted by Satori (here)
The people will once again be forced to bail out the big player banks in the central banking, fiat, debt-based, legal tender, legalized-criminal-con game, Ponzi scheme called the monetary/banking system.

Seems to be the way it has always worked in my lifetime for sure.
But Satori, Ponzi schemes do inevitably reach a point of unsustainability and the whole house of cards crashes down.
When the people are squeezed dry, well - are bail-outs able to continue forever? Do you think the system, as it is now can continue without the banksters devising some brand new type of system? (like a totally controlled digital-type currency)

[mountain_jim]

https://twitter.com/BillAckman/statu...844411904?s=20

[Satori]

Posted by Sue (Ayt) (here)

Posted by Satori (here)
The people will once again be forced to bail out the big player banks in the central banking, fiat, debt-based, legal tender, legalized-criminal-con game, Ponzi scheme called the monetary/banking system.

Seems to be the way it has always worked in my lifetime for sure.
But Satori, Ponzi schemes do inevitably reach a point of unsustainability and the whole house of cards crashes down.
When the people are squeezed dry, well - are bail-outs able to continue forever? Do you think the system, as it is now can continue without the banksters devising some brand new type of system? (like a totally controlled digital-type currency)

To answer your question, yes, the system in its current iteration is sustainable. But only if they do what they have always done. Booms and busts cycles that are manipulated and controlled by the money makers.

We are in a bust cycle now. Have been for awhile. The can has been kicked down the road as many times and about as far as it can be. Hence, talk of WWIII. Not only talk, it is now kinetic.

War, in some form, hot or cold, is a tried and true means to an end. The end is to keep power and control in the hands of the bloodline elites, so called. (Or other entities, or both.) The means is, as always, to cull the herd from time-to-time. Destroy lives and property and then rebuild from the ashes. War employs and destroys. Post war rebuilds and employs. Wash, rinse and repeat.

However, I believe that “they” have a different program in mind this time. There may a quantum shift at hand. One made possible by modern-day technology. The difference is one that will allow for a reset of sorts. WEF and Build back Better type of thinking. (Excuse me while I barf.) Think AI and post humanism.

In my view there are very powerful forces at work here and human beings may not be in control. What is I do not know. Forces of Good versus evil are for sure on the field of battle. This is very big. I’m convinced it’s not the first time. But again technology is a game changer. Probably has been before.

[Sue (Ayt)]

Posted by Satori (here)

Posted by Sue (Ayt) (here)

Posted by Satori (here)
The people will once again be forced to bail out the big player banks in the central banking, fiat, debt-based, legal tender, legalized-criminal-con game, Ponzi scheme called the monetary/banking system.

Seems to be the way it has always worked in my lifetime for sure.
But Satori, Ponzi schemes do inevitably reach a point of unsustainability and the whole house of cards crashes down.
When the people are squeezed dry, well - are bail-outs able to continue forever? Do you think the system, as it is now can continue without the banksters devising some brand new type of system? (like a totally controlled digital-type currency)

To answer your question, yes, the system in its current iteration is sustainable. But only if they do what they have always done. Booms and busts cycles that are manipulated and controlled by the money makers.

We are in a bust cycle now. Have been for awhile. The can has been kicked down the road as many times and about as far as it can be. Hence, talk of WWIII. Not only talk, it is now kinetic.

War, in some form, hot or cold, is a tried and true means to an end. The end is to keep power and control in the hands of the bloodline elites, so called. (Or other entities, or both.) The means is, as always, to cull the herd from time-to-time. Destroy lives and property and then rebuild from the ashes. War employs and destroys. Post war rebuilds and employs. Wash, rinse and repeat.

However, I believe that “they” have a different program in mind this time. There may a quantum shift at hand. One made possible by modern-day technology. The difference is one that will allow for a reset of sorts. WEF and Build back Better type of thinking. (Excuse me while I barf.) Think AI and post humanism.

In my view there are very powerful forces at work here and human beings may not be in control. What is I do not know. Forces of Good versus evil are for sure on the field of battle. This is very big. I’m convinced it’s not the first time. But again technology is a game changer. Probably has been before.

Yep.
And that's the thing...
We simply don't know what to expect and can really only speculate and watch the show at this point.
It just feels so darn ominous!

[Pam]

Posted by Matthew (here)

Posted by pueblo (here)
USDC (Stablecoin) has more than $3 billion of it reserves in SVB (Silicon Valley Bank, which is currently failing hard).

USDC now seeing huge outflows as people are dumping Crypto...

https://coinmarketcap.com/currencies/usd-coin/

Could be that the crypto market bombs out, but alternatively it could be a fakeout with high-level shenanigans to optimize some massive profit grab shortly. I'm not an optimist but I am greedy so I live in hope at the moment. I have popcorn ready.

Matt, I find your take on this very interesting. Your take on this is very wise. How much of what the mainstream claims is imminent actually occurs? How many horrific things are not even acknowledged by the MSM? They want to generate fear and panic. The ultimate goal being that you will beg for their system. Problem, reaction, solution. The more I consider your take, Matt the more I see reason to find validity and potential in what they say. What do they want? They want you to panic, to sell all your investments and have a fistful of fiat currency. We need to really give validity to the fact that this is an inversion and we need to think outside the box and not panic.

I think The point is to generate fear and panic. If they are making this common knowledge there is a reason for it. This is not an event that is happening organically. You have Biden giving money as fast as he can to Ukraine. This is contrived and most of us know what the goal is. "Please give us a system that works, that gives us security." That's what they want. They want us begging liars, thieves and psychopaths

I would like to hear much more from you Matt.

I do believe that there is validity in having things that one can trade. In the US many of us have guns. That is a messy issue for the controllers.

I am not saying I know exactly what is happening, I know they only give information that to benefit their narrative.

[pueblo]

Posted by Satori (here)
However, I believe that “they” have a different program in mind this time. There may a quantum shift at hand. One made possible by modern-day technology. The difference is one that will allow for a reset of sorts. WEF and Build back Better type of thinking. (Excuse me while I barf.) Think AI and post humanism.
.

They need a 'shock' to get the great reset rolling...

[Matthew]

Posted by Pam (here)
... They want you to panic, to sell all your investments and have a fistful of fiat currency. We need to really give validity to the fact that this is an inversion and we need to think outside the box and not panic. ...

My opinions are for entertainment purposes only. Either they are useful or they show me an example to others of how not to be. Possibly a bit of both.

Personally I am spreading value across different quarters, but not a lot of any one thing: a bit of crypto, a bit of bullion (copper £5 each Oz, silver £20 Oz), tobacco and luxuries that could possibly be traded (in the bugout bag thread someone else put a fine point on this :trophy: ).

And practical things that are of low value like diatomaceous earth, which can be used to kill flees, kill anything that attacks your plants but is non-toxic to plants, humans and animals. Diatomaceous earth is a nasty death for bugs I'm not proud. However, it might save the day for a community of backyard farmers. Non-power tools too like a hand crank drill and saws. Bowsaw blades and things like that.

If I knitted I would be proud to have a collection of wool. If I knew how to preserve I would collect jars. Wait, I do collect jars, I never rarely throw them out. But I don't know how to preserve, except how to make Chickasaw plumb jam; I have such a tree in my garden that I'm friends with, and there are a string of its sibling trees along a path near my house.

When they fruit it's like someone dumped a truckload of small plumbs underneath the tree. They have very large stones over a thin layer of flesh, making them unattractive as munching plumbs, but the stones contain pectin. It always fruits but doesn't often dump a truckload, so I only make jam from the rare big fruiting years, only when it's dumped a ludicrous amount of plumbs... every four years or so.





As for cash I expect the situation to be that inflation devalues paper currency while they make digital currency attractive for the short-term where you'll be able to buy cheap fuel with digital. Fiat will become unfashionable and worthless, but then post-modern science fiction predicts physical, untraceable cash will become very valuable again.

Therefore I also try to keep cash to hand and I hope to hang onto it or collect more while it's being devalued but only because I like a good dystopian, post-modern science fiction novel, and it's related tabletop role-playing games. I'm a fan of Mike Pondsmith.


Mike Pondsmith helped create the fantasy world of the future, painting 2020 from a 1980's perspective

Crypto needs to be held on a de-centralized client like Exodus Movement instead of Coinbase where your wallet is held on someone else's computer, so you could be denied access. I have mine centralized somewhere like (but not) Coinbase, but could move them to my local wallet if I want to which I imagine I might have to do in an emergency. I don't have a great deal of crypto but it feels like a good wildcard. Bitcoin is the mainstay for me, even though others bank on what they argue are better decentralized crypto's like XRP.

[pyrangello]

Want to feel sorry for this bank, 8550 employees svc, all received their bonuses hours before they closed, average salary at this bank was $250,683.00 a year , average bonus hours before they closed was $ 14,000.00 for the little people and $ 140,000.00 for management, now their talking about a bank bailout. New bonuses for all! Hoorah!