/biz/ - Business & Finance

>>54022945

>>54022945
The CEO of SVB sits on the board for the regional Federal Reserve Branch.

>>54022945
Heh. Based and Schiffpilled, my fellow goldbug.
Until they, you know, make holding gold illegal again. Like they did between '33 and '74. Heh.

>>54023050
So bail in confirmed?

>>54023079
Not a goldbug, but people have been warning about these bail-ins for years, but I didnt take it seriously.
What did Schiff say today?

>>54022945
Yea when I need to make a payment to some Chinese nigger as a store paying a manufacture I’ll surely ship him my gold.

>>54022945
Imagine being this clueless.

>>54023079
>Until they, you know, make holding gold illegal again. Like they did between '33 and '74. Heh.
The kikes will need a crowbar to pry my gold from my cold dead hands

>>54022945
if one has less than $250k, can the bank still steal your money or is it safe under insurance?

>>54023301
>What did Schiff say today?
Only the same thing he says every day, Sir.
"Buy gold from my company that sells gold."

>bail-ins
As a bonganon I've been wary of these policies for a long time, pic rel. I would encourage you to explore other arrangements to secure your wealth.

>gov.uk link for pic rel
https://www.gov.uk/government/consultations/bail-in-powers-implementation-including-draft-secondary-legislation/bail-in-powers-implementation
tldr: seethe and cope, we'll take whatever we want from you

>>54022945
If, after the 2008 bailouts, we had demanded that some number of the executives and directors of the top banks which had been "too big to fail" be hanged up on wallstreet in some makeshift gallows next to the brazen bull statute, there would not be today a single bank which was in any way near default or collapse. The solution, was, is, and always will be to violently kill people who steal from you, regardless of if this is done by a nigger in the night breaking into your home or a kike by daylight inflating and defrauding at your bank. Deterrents are a necessary part of the justice system, especially for white collar crimes, which hide their evil and violence by legalize and law.

>>54023577

>>54023660
Gold rose almost 2% today

>>54023739
Wow. I am BTFO.

>>54023705
Based and red pilled.

>>54023746
Point is, I see no reason not to put my money in Gold.

are you all fucking retarded? the whole idea of bail-ins is to make shareholders of banks among the first to absorb losses, and depositors will be the last. this whole thing is to protect the tax payer from having to pay for gambling losses of trust fund kids.

>>54023833
Good point. Well made. Liked the capitalization of Gold.

>>54023705
Mmm.

>>54023870
thanks

>>54022945
>250000
99% of people on this basket weaving forum have lower networth

>>54022945
No no no no… RELAX fucktard SIVB situation is very bad but no depositors are getting ‘bailed in’. To be clear, the caption anon is right but only in the most remote extreme circumstances. Depositor funds are considered sacred and are quite literally the last remaining part of the stack that can be used to make senior creditors whole. Ahead of that you have equity/prefs/t1 capital/subdebt AND and goddamn mountain of TLAC which stands for total loss absorbing capital which all the banks have been issuing en masse since the GFC. All that being said, stocks and crypto are going way way lower, the SIVB problem is just the tip of the iceberg but your deposits within the FDIC ensured limit are safe.

T- WS IG trader

>>54023705
The safest solution is the extermination of Kikes and Niggers.

>>54024093
Why do depositor funds have any exposure to the Las Vegas tendencies of banksters at all if they're held so sacred?

>>54024190
How do you think banks work kiddo? Your deposits form the base of our capital which we lend against. We give you a place to put your money, then we give it to other people/biznisses at a 10x1 multiplier and clip the spread. It’s been this way since the dawn of time.

>>54024093
do you think we will collapse

>>54023660
So the upto 85k funds safu is literally useless?

>>54024280
You don't "give" me shit, my man. Parasites by their nature impart nothing to their host but burden.

>>54024093
What happens during public debt default later this year?

>>54024316
No collapse but it’s not good. Regional banks are the lifeblood of main st USA. Think every npc and small biz that exists down the street. They just shut off the taps permanent to any new lending because they be required to borrow at wholesale rates which the spreads that I govern (in part) extremely prohibitive. This has virtually ensured that a recession is coming later this year. What you saw today in markets is the beginning of the pro exiting and re-evaluating the probability distribution of the severity of said downturn. I would exit all markets, in my personal accounts I am long bond etfs and 2x short nasdaq/sps. About to have dinner so I’ll be gone a while but back to answer worthy questions.

>>54023013
fpbp

>>54024280
Convince me that this isn't fraud.

>>54023659
>is it safe
>safe
you gave money to a bunch of bankers
do you think the money is safe? lmao

>>54024190
>if they're held so sacred
but they're not

>>54024447
Hasn’t recession been here for the last two years?

>>54024493
fractional reserve is essentially fraud made legal

>>54024093
>within the FDIC ensured limit
Dude, thats the exact problem. Tons of people have way more than that in that bank.

>>54024493
cool it with the antisemitism

>>54024376
Well, it's worth what it's worth.
To demonstrate, at one time this guarantee didn't exist at all and the plebs were very agitated that they could be so readily stolen from. So what they did to sate the plebs was scribble the number 85,000 on a piece of paper. Cool. Now everything's guaranteed by the State; an entity that, on a whim, forcibly conscripts the plebs for the murderous inclinations of the meatgrinder.
But then, horror of horrors, things started going south once again. Of course, our friends in the State could have taken measures to reduce the likelihood of this happening again, but alas(!) that didn't pan out for some unknowable reason (scientists are baffled.) And what ended up happening was that they ended up revising the number written on that piece of paper we previously mentioned. First it went from 85k to 45k, then to 25k, then to 5k and then to 0k; which was arguably it's true worth from the very beginning.

I'm a big fan of pieces of paper, and the words written on them, by actors who absolutely do not have my best interests at heart.

>>54022945

It’s the customers fault obviously

>>54023079
>Until they, you know, make holding gold illegal again.
What are the likes gonna do? Go on a treasure hunt in my backyard to find it?

If everyone's money gets bailed in, does this mean products will become more expensive?

>>54024493
better stop noticing you filthy goyim

>>54024851
>he keeps it in his back yard
You need to get better at this game, fren. Kek.

>>54024493
it's industrial scale coin-clipping
kikes just can't help themselves

>>54025172
This is a great analogy.

>>54022945
So it only affects people with more than $250k? Guess I'm safe then.

>>54025340
First they came for people with 250k...

>>54022945
jewish money tricks not even once

>>54022945
nothing ever happens

>>54024969
Theoretically, it's deflationary.

>>54023013
>Global finance is collapsing before our eyes
>BYE MY BAG GUYS, I SWEAR ITS GONNA MOON!

>>54023577
Based

>>54022945
>And deposits at SVB get used as bail-ins
You expect that. It's a plausible hypothesis given Dodd-Frank, but they expect you to expect it too (not on a conscious level, it's just sweeping shit under the rug), thus they'll not let that happen. One bank failing can be mitigated easily enough.

>retards unironically suggesting to go gold

https://www.mining-technology.com/features/uganda-gold-deposit-investment/