Stock Market is ROCKING

[smokingman]

Looks like the FDIC got another 6 billion yesterday from the US Treasury and 15 billion on the 15th ,so 61 billion in the last 6 days.
I do not see anywhere that the FDIC refunded the 40 billion as claimed.

15th(Date Yellen claimed the FDIC gave back the 40 billion)

https://fsapps.fiscal.treasury.gov/dts/files/23031500.pdf

16th

https://fsapps.fiscal.treasury.gov/dts/files/23031600.pdf

The math makes no sense though. If you look at the daily reports of withdraws from the Treasury (to the FDIC)and then look at YTD or Monthly the daily number to not match up.

40 billion withdraw on the 13th+ 15 billion withdraw on the 15 + 6 billion withdrawn on the 16th does not equal 42 billion ytd. Either I am missing something in the figures or someone is using smoke and mirrors.

and shocker the FDIC took down the failed bank site.

Failed Bank List | FDIC

www.fdic.gov

 

[bobzilla]

The last time my IQ was measured, it was 146. Is that low? I do like an afternoon nap, so maybe I'm lazy.

I mean the person complaining about low IQ doesn’t know the difference tween to and too so…..ymmv

 

[nra4ever]

I believe in a diversified portfolio. land, brass, gold, silver and bitcoin. As long as we don’t turn the world into a burned up marshmallow bitcoin will provide a massive return. Take the time to understand it and win.

 

[Nugget]

As long as we don’t mining bitcoin doesnt turn the world into a burned up marshmallow...

FTFY

 

[thompal]

How high does one's IQ have to be to invest in a medium that can be made illegal with the stroke of a pen?

Or wiped out with one hard drive failure.

 

[Mgderf]

Looks like the FDIC got another 6 billion yesterday from the US Treasury and 15 billion on the 15th ,so 61 billion in the last 6 days.
I do not see anywhere that the FDIC refunded the 40 billion as claimed.

15th(Date Yellen claimed the FDIC gave back the 40 billion)

https://fsapps.fiscal.treasury.gov/dts/files/23031500.pdf

16th

https://fsapps.fiscal.treasury.gov/dts/files/23031600.pdf

The math makes no sense though. If you look at the daily reports of withdraws from the Treasury (to the FDIC)and then look at YTD or Monthly the daily number to not match up.

40 billion withdraw on the 13th+ 15 billion withdraw on the 15 + 6 billion withdrawn on the 16th does not equal 42 billion ytd. Either I am missing something in the figures or someone is using smoke and mirrors.

and shocker the FDIC took down the failed bank site.

Failed Bank List | FDIC

www.fdic.gov

Robbing Peter to pay Paul...

 

[Flash-hider]

So, what I got out of Yellen's response was: "Senator, for your Oklahoma community bank customers who have +$250,000 in deposits to be made whole, they'll need to increase the number of chinese depositors connected to the ccp.

 

[DragonGunner]

When my grandparents passed away in the 70s, I was helping clear out the house they had bought in the early teens. We found money hidden away EVERYWHERE. In the pockets of clothes hanging in the closet, under paper liners in all of the kitchen cabinets, in furniture cushions, in his WWI uniform, etc.

Happened when my grandparents died as well. They found $ everywhere hid, they had to go through every single book they had page by page…lol. My great aunt Cleo had shoe boxes under her bed filled with cash. It was so old my family said it stunk.

 

[smokingman]

Monetary Tightening and U.S. Bank Fragility in 2023: Mark-to-Market Losses and Uninsured Depositor Runs?

We develop a conceptual framework and an empirical methodology to analyze the effect of rising interest rates on the value of U.S. bank assets and bank stabilit

papers.ssrn.com

This was published by the University of Southern California,Northwest University,Columbia university and Stanford.
Key words for the "paper" (21 pages of it)according to the publishing "journal" Keywords: Monetary Tightening, Uninsured Depositors, Runs

Almost like they are pushing for bank failures. Pointing out the 2 trillion dollar bank shortfall in cash is like saying "fire" in a theater that is on fire. I would wager a boatload of leftists with over 250k in banks have already been pulling cash out and putting some in equities and some in TBTF banks.

 

[nra4ever]

Former Coinbase CTO Places $2 Million Bet That Bitcoin Will Hit $1 Million In 90 Days | Bitcoinist.com

Balaji Srinivasan, a former CTO of Coinbase, has placed a $2 million bet that Bitcoin would hit the $1 million price mark in 90 days. This bet was in response

bitcoinist.com

 

[smokingman]

Former Coinbase CTO Places $2 Million Bet That Bitcoin Will Hit $1 Million In 90 Days | Bitcoinist.com

Balaji Srinivasan, a former CTO of Coinbase, has placed a $2 million bet that Bitcoin would hit the $1 million price mark in 90 days. This bet was in response

bitcoinist.com

If it got even close every quantum computer on earth would be turned against it and the end result would be it having zero value. You think the US,China,India,or Canada would allow that large of a threat to their currencies?

 

[nra4ever]

On a Sunday. Things are obviously very very bad.

 

[smokingman]

On a Sunday. Things are obviously very very bad.

It is because of UBS forced takeover over of SC. Shareholders of neither company get a choice in the matter due to Swiss using an emergency law.

ZeroHedge

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero

www.zerohedge.com

I talk about it here. But in short 275+ billion was just wiped out by the swiss. Some from depositors and a massive amount from shareholders,all while wrecking their own currency by increasing their money supply by 109 billion(their current total national debt is only 309 billion). The bond market is in total chaos.

Second Largest Bank Failure in U.S. History…

It doesn't matter. Data isn't going to change anyone's mind. This tops the charts on the ‘least words used/most relevant thing ever said’ ratio.

www.indianagunowners.com

 

[nra4ever]

Gold and silver about to run!
monday could be ugly.

ZeroHedge

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero

www.zerohedge.com

 

[DoggyDaddy]

Gold and silver about to run!
monday could be ugly.

ZeroHedge

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero

www.zerohedge.com

So buy now, or hold?

 

[ditcherman]

On a Sunday. Things are obviously very very bad.

That's gotta be the equivalent of "look over there, squirrel!"

 

[nra4ever]

 

[Ark]

On a Sunday. Things are obviously very very bad.

The more they make these posts and press releases declaring everything is fine, the more scared I get.

 

[DoggyDaddy]

The more they make these posts and press releases declaring everything is fine, the more scared I get.

 

[smokingman]

What was once weekly is now daily. This is what a flailing system looks like.


The Bank of Canada, the Bank of England, the Bank of Japan, the European Central Bank, the Federal Reserve, and the Swiss National Bank are today announcing a coordinated action to enhance the provision of liquidity via the standing U.S. dollar liquidity swap line arrangements.

To improve the swap lines' effectiveness in providing U.S. dollar funding, the central banks currently offering U.S. dollar operations have agreed to increase the frequency of 7-day maturity operations from weekly to daily. These daily operations will commence on Monday, March 20, 2023, and will continue at least through the end of April.

Fed Panics; Announces "Coordinated" Daily US Dollar Swap Lines To Ease Banking Crisis | ZeroHedge

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero

www.zerohedge.com