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American Banking Industry is about to collapse
Posted: Sat Mar 11, 2023 6:48 pm
by brainbomb
SVB is only the beginning. Just like in 2008 the entire American financial system is about to collapse and banks will start falling like dominoes.
Re: American Banking Industry is about to collapse
Posted: Sat Mar 11, 2023 8:20 pm
by Octavious
brainbomb wrote: ↑Sat Mar 11, 2023 6:48 pm
SVB is only the beginning. Just like in 2008 the entire American financial system is about to collapse and banks will start falling like dominoes.
It's nothing like 2008.
Prior to the collapse in 2008 the global economy was in decent health
Re: American Banking Industry is about to collapse
Posted: Sat Mar 11, 2023 9:18 pm
by orathaic
The state will bail these banks out to keep the economy running? And then cut back on public programmes to 'pay back' the losses of these bankers? Is that what will be just like 2008?
@Oct. What is decent health measured by? Was the 2008 gdp not based on over estimates of the value of certain assets, whereas today things may even be undervalued...
Re: American Banking Industry is about to collapse
Posted: Sun Mar 12, 2023 1:25 am
by Chaqa
There's no reason other banks should fail. This is just Silicon Valley being stupid.
Re: American Banking Industry is about to collapse
Posted: Sun Mar 12, 2023 1:57 am
by brainbomb
this is the end
empty your accounts
sell all stonks
wait for total collapse
Re: American Banking Industry is about to collapse
Posted: Sun Mar 12, 2023 9:40 am
by orathaic
But IS treasury bonds. Why would you still hold stocks?
Re: American Banking Industry is about to collapse
Posted: Sun Mar 12, 2023 9:50 am
by orathaic
*buy US even not IS, i doubt the Islamic State treasurey is particularly secure...
Re: American Banking Industry is about to collapse
Posted: Mon Mar 13, 2023 4:23 pm
by brainbomb
the fact that the Biden administration is taking emergency measures to prevent a banking collapse should tell you it is definitely not just SVB
Re: American Fax Machine Industry is about to collapse
Posted: Mon Mar 13, 2023 5:29 pm
by Jamiet99uk
brainbomb wrote: ↑Mon Mar 13, 2023 4:23 pm
the fact that the Biden administration is taking emergency measures to prevent a banking collapse should tell you it is definitely not just SVB
Well it's at least two, Signature Bank collapsed as well.
Re: American Banking Industry is about to collapse
Posted: Tue Mar 14, 2023 1:03 pm
by brainbomb
Emergency overnight meetings between congress and treasury department to ensure there is not a run on all the banks causing a financial collapse.
maybe at this point its our civic duty as americans to all withdraw our money on the same day and make all these banks collapse so the crappy business practices finally end
Re: American Banking Industry is about to collapse
Posted: Tue Mar 14, 2023 6:20 pm
by Fluminator
My bitcoin investment skyrocketed last night. Nice
Re: American Banking Industry is about to collapse
Posted: Wed Mar 15, 2023 8:57 am
by orathaic
Not up to prepandemic level yet?
Re: American Banking Industry is about to collapse
Posted: Fri Mar 17, 2023 12:55 am
by Randomizer
Biden will keep the banks from failing to avoid a panic run in the system. The Repubicans will default on increasing the debt limit and create an even bigger panic.