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Carolina Readiness Supply
“The FDIC noted that SVIB had $175BN in deposits as of Dec 31, some $151.5BN of these are uninsured, which means they get exactly ZERO back.
IMO, it’s just the beginning of the entire house of cards coming down. The banks will walk away with all of your money with the bail-ins the FDIC talked about back in December.
Yes. The Titanic is sinking. Thank Washington DC for collaborating with slithering snakes.
we all know that the FDIC holds only 1/125 of the of the actual amount of money that rests in American accounts. FDIC is an empty shell of a promise. You as an individual, are going from account holder to unsecured creditor at the very bottom of the list when it comes to recovery of capital.
Credit Suisse
Suisse doesn’t deserve any credit!
B of A has $160B in unrealized losses; Top 10 banks about $500B.
https://www.cnn.com/2023/03/09/business/nightcap-silvergate-crypto/index.html
Crypto took a hit today too
Now would be a good time to by gold or silver and have it, in hand!
U.S. banks have about $170 trillion in derivative exposure. Do 99 out of 100 Americans think this is no big deal? After all, their home equity has risen since 2008!!!
I know it’s going to hurt but……I hope the collapse does spread. It has to collapse before we can make our move. It has to totally break. Embrace it.