First SVB, Tonight Signature Bank Failed
First SVB, Tonight Signature Bank Failed
Breaking on CNBC just a few minutes ago.
Related on topic:
Just a few minutes ago — Signature Bank in NY failed.
Another ‘not systemically important’ bank failure.
What does ‘systemically’ mean in this context?
\See below.
Global Systemically Important Banks (G-SIBs)'
G-SIBs are the biggest, “Globally Systemically Important Banks” in the world of Too Big To Fail. The ‘2022 G-SIBs’ are here, squared off in red on the left.
These banks are ‘cannot fail’ — because if they do, your local ATM stops working within 24 hours.
Your grocery store doesn’t get a re-up on supplies — and everything comes to a grinding halt.
The D-SIBs — same theme but ‘domestic banks’ — are below, here:
via CNBC
Probability is fairly high that other regional/smaller banks will start dropping (valuable assets of which will be quickly gobbled up by other, larger G-SIBS), because of the nature of the incestuous linkages between loans they make to one another and the public.
When they fail, .gov typically ….prints more money to solve the manmade crisis.
In fact — the most surprising aspect of this is that in all of the trillions of fake, monopoly money printed over the last ~decade ..
Why not just print another couple 10s of billion to backstop this crisis and provide some liquidity while operating parameters are right-sided from whatever the surely complex, bad and now failing bets were? Not that it is a good idea — but there’s no good solution to this problem, or many other problems…
(Seems this is being catalyzed by past bond-buys at lower interest rates then present — and so to get liquidity, the banks [or, at least, SVB] are forced to sell those bonds at a loss because current rates provided by the Federal Reserve are yielding higher returns.)
Maybe this is because they [regulators, politicians, the Shadow People] want a crisis.
Maybe they [the Shadow People] need a crisis?
Watch for the excuses to come in, SBF-style, blaming these banks risky crypto bets & exposure and not the massive interest rate hikes purposefully designed to cause this kind of pandemonium.
This is what ‘cooling’ the economy looks like.
Clown show.
Wow--you are Johnny on the Spot as you are the FIRST Substacker on my feed to share this story! Thanks for having your finger on the pulse.
Predicted and inevitable with the policies that are designed to destroy this country. However, millions apparently are prepared. Plus, once something affects everyone’s backyard, people tend to awaken faster. Awakened folks dooms the deep state operating in the shadows, doesn’t it?