/biz/ - Business & Finance

>>54016958
So uh, what does this mean?

>>54017017
It means the ~15% of deposits that were insured will be going back to the depositors immediately while the other 85% of deposits will be exchanged for receivership certificates which will be paid for through the sale of SVB's assets. Which means pennies on the dollar at best

>>54017017
It means buy GameStop nigga

>>54016958
accelerate

>>54017017
It means your money is fake. Gold is the only real money. You better have survival gear, weapons, Ammunition and food/water stockpiled. Mass chimpouts incoming and extreme violence. Kiss your loved ones tonight. Give your parents a call and tell them you love them. You have no fucking Idea what is about to unfold. God speed

>>54016958
Can the US Government please stop taking over businesses and confiscating all their money now?

Biden admin is like a junkie on crack stealing for dope money.

>>54016958
That's good tho

>>54016958
Is this the beginning of the end of the whole fake VC economy?

>>54017658
Its definitely the end for cyrpto. If china and the east go to BRICS that will be the end of the dollar and gold will be supreme currency

>>54017017
grab your dick and double click. *this is not financial advice

>>54017703
BRICS is a marketing term, chud

>>54017658
It's the beginning of the end for tech startups

>>54017761
SEETHE cryptocuck. Goldchads rise up

>>54017499
Checked and doompilled

>>54017999
oof, them digits

>>54017570
>Bank fails
>The government did this!

>>54017703
>>54017658
BTC, Gold and Silver are still the best bets against the upcoming crisis
>money is not safe in bank anymore
>money is safer in a decentralized storage
>your keys, your money
>btc moons
Bitcoin was born for this

>>54017017
daaaaayum dey aint gonna be in GFC 2

>>54017499
Ammunition makes for a better barter currency than gold does imo.

>>54017089
>Which means pennies on the dollar at best
On the plus side, when things get tough, copper is more valuable than paper.

>and lead is most valuable than all.

>>54017017
America is fucking fucked.

>Wamu and Bear Stearns are nothing burgers trust us
>t.2008

the coding bubble is finally popping LMAO
why would anyone hire americans when they just hire poos for a fraction of the cost

>>54019743
It absolutely does. Imagine trying to barter with your 1oz gold coins lmao.

>>54019581
These companies own BTC now too though. So they go down and BTC takes a hit as well

>>54019927
Jeets are insanely bad at programming. It'll cost you way more than an average American salary to unfuck everything one pajeet programmer did.

>>54017089
7% was insured lol

>>54019927
Boeing, that you?

>>54020340
Top kek, no refunds.

>>54020287
Racist, Pajeets are our greatest programmers.
Well, we can have Chat GPT unfuck the code at any rate.
Silicon Valley?
More like Dustbowl Truckstop in 5 years.

>>54020340
Try 2.7% hahahahahaha

Help a brain let out here. where the money go?

>>54019927
Jeets unironically rugpull companies just like shitcoin investors. It happened to my company and now they only hire people in the US. Keep coping that you like a woman with “a little extra meat” tradie.

>>54019927
jeets are hangers on. Once they're all gone tech will finally progress from the surveillance, marketing, social media, VR hype stagnation meme tech ecosystem and into the future world

>>54020751
It never existed. Because the printers couldn't
>BRRRRRRRRRRRRRRRR
fast enough.
The FED told certified banks a few years ago
>Hey, we could totally burr faster, but what if you just changed 0's to 1's instead. We'll totally honor it when you call it in.
It doesn't exist anymore anon.
In a real economy with real money, assets would be distributed to holders. These dudes held lots of "digital" assets and fake dollars that didn't exist.
So they get next to nothing back.

>>54017017
it means they can change the rules whenever they want. with ___ you ____