There will be no saving SVB depositors. They are done. The collapse is intentional. FED needs the fear from a real collapse. It's purpose it to drive high net worth depositors out of uninsured banks and into "safe and effective" Treasuries. They need to sell more treasuries to kick the can down the road a little longer.
SVB collapse is a marketing campaign
Worst thing people can do now is feed the bank runs by withdrawing all your money. It is the reaction they desire to promote their sales pitch. It is the proof they need to sell their product. Watch for news stations airing footage of long lines at ATMS.
'member the great toilet paper panic of aught 20? Well, this is the '23 ATM panic. It's all a movie
Want proof, watch for the rabid panicked REEEE from all the cabal spox come Monday about the world ending. You will notice it is very similar to the Covid death toll fear porn.
Best thing to do is ignore it and laugh while their plan fails
Have some cash on hand of course, that's obvious, but not ALL of it. And have at least one account at a credit union.
Interesting how all of this craziness is happening right before the Feb CPI print on Tues.Coincidence? I think not! Imo I think they're going to inflate us to death in the end.
Interesting theory. China, a once big buyer of treasuries, is a seller now that war is on the horizon. China saw what happened to Russian assets by the US; no reason to hold the assets of your enemy in wartime. So it makes sense that more demand for treasuries needs created.
Feds will be covering all SIVB depositors with money from other FDIC member institutions. No taxpayer losses. Only depositors covered, not equity or debt in cap structure. A good solution for all except SIVB investors.
Interesting how all of this craziness is happening right before the Feb CPI print on Tues.Coincidence? I think not! Imo I think they're going to inflate us to death in the end.
Interesting theory. China, a once big buyer of treasuries, is a seller now that war is on the horizon. China saw what happened to Russian assets by the US; no reason to hold the assets of your enemy in wartime. So it makes sense that more demand for treasuries needs created.
I wrote this last night. That's my two cents.
https://shortontime.substack.com/p/my-thoughts-on-the-svb-bank-crash
A swing and a...MISS!
Feds will be covering all SIVB depositors with money from other FDIC member institutions. No taxpayer losses. Only depositors covered, not equity or debt in cap structure. A good solution for all except SIVB investors.