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Started By
Message
Posted on 3/13/23 at 9:16 am to SoggyBottomBaw
quote:
War...
I repeat..what is it good for?
Posted on 3/13/23 at 9:18 am to stout
quote:Not really. Obviously it depends on nature of the exposure as well as liquidity impediments.
but would every bank that has exposure be in a similar situation?
Posted on 3/13/23 at 9:20 am to kingbob
I'm not sure they thought that far. They really were holding a lot in terms of deposits that were just sitting there. The VC's were being a lot more picky and then there were the SPACs that had yet to find something to invest the money that was reserved to them.
Among other things. But, overall the bank was in OK shape. Then Thiel and others get nervous, withdraw and everybody who is anybody follows suit
Among other things. But, overall the bank was in OK shape. Then Thiel and others get nervous, withdraw and everybody who is anybody follows suit
Posted on 3/13/23 at 9:20 am to auggie
Absolutely nothing, say it again, now
WAR
Huh, good God y'all
WAR
Huh, good God y'all
Posted on 3/13/23 at 9:20 am to kingbob
IIRC, the reason for the economy hitting the shitter in the 60s then staying there for the 70s was LBJ blowing a ton of money on the Great Society while fighting Vietnam, which was distorting the prices of some commodities such as copper as a result. Nixon attempting to fix the mess made it worse because his attempts at price fixing just caused shortages.
The left appears to be trying to recreate their “glory days”, which were when the country was in horrible fricking shape, either during the Depression or during the Watergate period when they took down a popularly elected president they hated.
The left appears to be trying to recreate their “glory days”, which were when the country was in horrible fricking shape, either during the Depression or during the Watergate period when they took down a popularly elected president they hated.
Posted on 3/13/23 at 9:23 am to SlowFlowPro
quote:
Way back when I said 2008 may be the peak of civilization.
We're going to have to accept a decreasing quality of life over a period of time. The best plan would be for this to happen very slowly.
The problem is this would be exacerbated everywhere else in the world b/c they rely so much on our production and buying and sustaining our QOL.
For the US, decreasing energy costs is our only trigger we have left.
quote:
Seems like either way we go, there is going to be some major pain.
100%
Why our strategy post-2008 didn't actually fix anything
All of this is 100% correct. We need to be managing this process on the way down. This can end either like the Roman Empire or the British Empire. I know which way I'd like to see it go.
Posted on 3/13/23 at 9:23 am to canyon
quote:
Absolutely nothing, say it again, now
WAR
Huh, good God y'all
Not to derail the thread, it's the unfortunate answer to OP's title question.
Posted on 3/13/23 at 9:24 am to stout
This will fix everything within 48hrs.
1. Joe Biden, resign
2. Kamala Harris, resign
3. Biden's entire cabinet, resign
1. Joe Biden, resign
2. Kamala Harris, resign
3. Biden's entire cabinet, resign
Posted on 3/13/23 at 9:25 am to kingbob
quote:
Yes, because this time, there will also be massive inflation and food shortages.
The war in Ukraine has disrupted both the global grain export market as well as the global market for fertilizer. This will cause the third world’s crop yields to be cut by more than 1/3. As such, the third world will starve and be forced to import food from the developed world. This situation will inevitably drive up prices in the U.S. The U.S. won’t starve due to our wealth, but shortages of staples and products will be commonplace.
I'm not quite as bearish, but this analysis is really solid. I think we only disagree on the matter of degree.
Posted on 3/13/23 at 9:25 am to Aubie Spr96
quote:
This can end either like the Roman Empire or the British Empire. I know which way I'd like to see it go.
The difference is if the US was able to end it like the British Empire, the rest of the world would still feel like it was the end of the Roman Empire
Posted on 3/13/23 at 9:26 am to stout
quote:
Bank stocks are tanking this morning. First Republic is down 60%+
They are halting trading on some of these due to "volatility". I wonder how long that can continue.
Posted on 3/13/23 at 9:26 am to stout
Not many. I just hope I can gtfo of DFW before the crap really hits the fan.
I need ~10 productive acres and I can raise everything I need to eat. That, and hunting and fishing will keep me well fed.
I need ~10 productive acres and I can raise everything I need to eat. That, and hunting and fishing will keep me well fed.
Posted on 3/13/23 at 9:31 am to SlowFlowPro
quote:
Then why did "they" "bail out" SVB?
Forest for the trees my dude.
Look at the forest.
Posted on 3/13/23 at 9:34 am to stout
(no message)
This post was edited on 1/28/25 at 5:58 pm
Posted on 3/13/23 at 9:39 am to stout
There are two basic models re an Economy...Private, where productive and innovative individual create and offer basic goods and services for what other individuals are willing and able to pay (retaining and allocating their profits according to their choice)....or...creating a Government Institution, I.e. Congress/The Fed, which 'Regulates' the Private Economy and manages the creation of the Money which is the basis for economic trade. We have been balancing between those two models.
Government/The Fed has long been "picking winners and losers" (Socialism) under the radar of an open Process via 'Omnibus Bills' wherein all manner of desired 'winners' are allocated massive, fiat money without the American People knowing of those under the table expenditures. The OP's description elucidates the problem, and ask for "tools" by which the problem of Inflation/picking of winners and losers can be fixed. Of course there a ways to address this problem, but, they will NOT be employed because at the core, the problem is essentially one of Marxist/Socialist ideology vs the Capitalist/Constitutional version. The Marxist (Fascist, such being State control of all things) Dems know that in order to "fundamentally change" the Constitutional version of an Economy/Culture, the existing model must be destroyed.
Bottom line: the Dems want it to collapse per the "Cloward-Piven strategy" of "engineered collapse", and via the relative stupid and naive "dupes and useful idiots" who are half the populous and have bought into the 'equity' version of a managed economy. And with the support of the MSM, watch the Republicans who understand the dynamic, vote to continue the march toward "engineered collapse" and "fundamental change". They can not vote against "spreading the wealth around", lest they be smeared as meanie Trumpists by the MSM.
Good luck or God speed.
Government/The Fed has long been "picking winners and losers" (Socialism) under the radar of an open Process via 'Omnibus Bills' wherein all manner of desired 'winners' are allocated massive, fiat money without the American People knowing of those under the table expenditures. The OP's description elucidates the problem, and ask for "tools" by which the problem of Inflation/picking of winners and losers can be fixed. Of course there a ways to address this problem, but, they will NOT be employed because at the core, the problem is essentially one of Marxist/Socialist ideology vs the Capitalist/Constitutional version. The Marxist (Fascist, such being State control of all things) Dems know that in order to "fundamentally change" the Constitutional version of an Economy/Culture, the existing model must be destroyed.
Bottom line: the Dems want it to collapse per the "Cloward-Piven strategy" of "engineered collapse", and via the relative stupid and naive "dupes and useful idiots" who are half the populous and have bought into the 'equity' version of a managed economy. And with the support of the MSM, watch the Republicans who understand the dynamic, vote to continue the march toward "engineered collapse" and "fundamental change". They can not vote against "spreading the wealth around", lest they be smeared as meanie Trumpists by the MSM.
Good luck or God speed.
Posted on 3/13/23 at 9:41 am to SlowFlowPro
Don't forget to thank Turtle for the cherry on top with the omnibus bill...basically build back better bill. 

Posted on 3/13/23 at 9:41 am to SlowFlowPro
quote:
Just let it all crash and rebuild? I
This would be like the fall of Rome. The worldwide rebuild would be in terms of centuries, not months.
Imagine the 1700s, but with basic electronics (non-internet, non-GPS capable) and modern weapons. That's what a collapse of America would look like worldwide.
Posted on 3/13/23 at 9:42 am to stout
quote:Um, there's a conspiracy theory out there about something called "The great reset"
What is left? Just let it all crash and rebuild?
quote:Worse than the 1930s
Will this be worse than 2008?
quote:
Is there a way out?

Posted on 3/13/23 at 9:43 am to Stealth Matrix
quote:
Imagine the 1700s, but with basic electronics (non-internet, non-GPS capable) and modern weapons. That's what a collapse of America would look like worldwide.
Might not be a bad thing.
Get rid of dead weight and the world rebuilds quickly, and for the better.
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