US bank Silvergate Capital goes into liquidation

Your fears might be coming true, banks accross US and Europe now in trouble.

First Republic Shares Crash 60% As Regional Bank 'Crisis In Confidence' Spreads
www.zerohedge.com/markets/first-republic-shares-crash-60-regional-bank-crisis-confidence-spreads

First Republic Bank shares plunge days after three other US banks collapse.

www.news.com.au/finance/business/banking/first-republic-bank-shares-plunge-days-after-three-other-us-banks-collapse/news-story/8dc37270b7e41ff629e63b7fac4b6813

Apparently the Spare (Pr. Harry) did too...

SVB bank had very conservative loan to deposit ratio and most of their assets in Gov bonds, supposedly the safest investment one can make, but rising interest rates killed them.  
The canary in the "mine" just died and the rest of the banking sector will follow soon.  


www.sovereignman.com/trends/if-svb-is-insolvent-so-is-everyone-else-146244/
1) US government bonds are the new “toxic security”

Silicon Valley Bank was no Lehman Brothers. Whereas Lehman bet almost ALL of its balance sheet on those risky mortgage bonds, SVB actually had a surprisingly conservative balance sheet.

2) If SVB is insolvent, so is everyone else… including the Fed.

This is where the real fun starts. Because if SVB failed due to losses in its portfolio of government bonds, then pretty much every other institution is at risk too.
Our old favorite Wells Fargo, for example, recently reported $50 billion in unrealized losses on its bond portfolio. That’s a HUGE chunk of the bank’s capital, and it doesn’t include potential derivative losses either.
Anyone who has purchased long-term government bonds– banks, brokerages, large corporations, state and local governments, foreign institutions– are all sitting on enormous losses right now.


In fact they manage a special fund called Deposit Insurance Fund, or DIF, to insure customer deposits at banks across the US– including the deposits at the now defunct Silicon Valley Bank.

But the DIF’s balance right now is only around $128 billion… versus $650 billion (and growing) unrealized losses in the banking system.
Here’s what really crazy, though: where does the DIF invest that $128 billion? In US government bonds! So even the FDIC is suffering unrealized losses in its insurance fund, which is supposed to bail out banks that fail from their unrealized losses.  You can’t make this stuff up, it’s ridiculous!

This is the financial catastrophe, but it’s just getting started. Like Lehman Brothers in 2008, SVB is just the tip of the iceberg. There will be other casualties– not just in banks, but money market funds, insurance companies, and even businesses.
Foreign banks and institutions are also suffering losses on their US government bonds… and that has negative implications on the US dollar’s reserve status.


It’s Not Working! The Fed’s Emergency Rescue Plan Has Not Ended The Banking Panic!
theeconomiccollapseblog.com/its-not-working-the-feds-emergency-rescue-plan-has-not-ended-the-banking-panic/

Seems like the word-smithy way of saying "We make $h!t up and you can't prove it because our sources are secret." 🤣 



I looked for information that says that either Harry and Meghan or Oprah lost money, and the only information I can find links back to the tweet from these... "Journalists"? The only things that reference Oprah losing money here that aren't a direct link to "iSource says it so it's a fact" or people saying "IF it's true". Rule one in research. If the only source says "because I say so" it can't be relied on. Rule two is that if that person says "I said so, and here's where someone else said so" and then proceeds to link to the original source as a reference? That's called circular reporting and makes the original source even MORE suspect because they're relying on someone else linking to them to imply some sort of credibility. That's not how facts work. More people saying that something is true doesn't make it true, otherwise we'd all still believe the world is flat. Please tell me no one here believes the world is flat hahahahaha. Haha? Right? Heh.

I'm not saying it's definitely not true. But a single source saying that it is with absolutely no evidence? That's not information. That's sad tuba noises 🤣.


BUT... I do believe after seeing the bank run reporting this morning and upward trending some of the traditional panic buys are like metals, we're at a precipice. The financial analysts that I watch have all said that we can expect a large stock market crash either going into or going out of March. That assessment has been largely based on the end of the daily cycle so a large dip was expected anyway but it's difficult to tell if the banking issues have had an impact yet. 

The FOMC has it's next meeting on the 20th and 21st of March, and during that meeting there will be a summary of expected projections. Ie. What do they think is coming for the US financial system. Personally (again only my own opinion so take it with a grain of salt) I believe that if the markets gain back a bit of confidence back between now and the FOMC meeting we're likely to see a very VERY scary stock market dip. That, combined with banks taking hits from all directions, bank runs, and an extreme lack of confidence in the US financial system as a whole will probably give us some fireworks to watch.

Wall Street expert Robert Kiyosaki predicts next US bank to fail

www.news.com.au/finance/business/banking/wall-street-expert-robert-kiyosaki-predicts-next-us-bank-to-fail/news-story/9d1817e5aec3acff139c0356679922b5

I think its going to be an interesting month/year. As one of my fav economists says, when the sentiment gets out of control you have to throw all of your tools and analysis out the window because they won't work anymore and rely on similar events in the past to plot a course through it all.

Despite the instability going on we still feel relatively comfortable in our financial position. I'm going to go grab some more cash out of the bank this week anyway. Diversity is the best protection we can have after all.

Yip, the governments are soon going to realize that to big to fail banks are also to big to bail out.  
Central banks have pumped about $2T into banks by giving them credit for bond that they would otherwise have to sell at a loss. The banks still remain insolvent. Today "major financial institutions including BoA, JPMorgan, and Citi has agreed to deposit $30 billion in the First Republic to stabilize it. Meanwhile, data showed banks borrowed a record $164.8 billion from two Fed backstop facilities in the week ended March 15th."

Dominos are starting to fall.  First with big Crypto traders now major banks.  Not long and something else is going to fall over. Consumer spending and massive bankruptcies are what I think are next.  European companies are closing down due to high cost of energy, there is massive layoff and job losses in US tech sector - the contagion  is going to run across just about all industries.

Many building and construction companies in Aus are now insolvent.   People will be tapped out soon with higher mortgages/rent, cost of power, fuel, and food. It always appears fine then suddenly it is not.

Since you like quotes>>>
“How did you go bankrupt?” Bill asked. “Two ways,” Mike said. “Gradually, then suddenly.” These lines from Ernest Hemingway's novel The Sun Also Rises, reveal a lot about the human experience when it comes to success and failure.

endtimestruth.com/a-global-digital-currency-is-coming/





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