REAL WORLD EVENT DISCUSSIONS

The death of the dollar?

POSTED BY: SIGNYM
UPDATED: Saturday, October 26, 2024 13:17
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Friday, March 11, 2022 7:50 PM

6IXSTRINGJACK


Your boy Joe* is destroying the US Dollar, Ted.

https://www.amac.us/bidens-sanctions-might-hurt-americans-more-than-pu
tin
/

If that happens, the Democratic Party might as well just disband because it's over for them forever.

--------------------------------------------------

Me: "Remember Covid?"

Useless Idiots: "What's Covid, durr? Russia, Ukraine, Putin, NATO *drool*. DURRRR!!!!"

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Friday, March 18, 2022 12:39 PM

JAYNEZTOWN


Bitcoin could crush Russian ruble by rising another 140%, classic technical setup suggests

https://cointelegraph.com/news/bitcoin-could-crush-russian-ruble-by-ri
sing-another-140-classic-technical-setup-suggests


The Dominance Of The U.S. Dollar Is Fading Right Before Our Eyes

https://quoththeraven.substack.com/p/the-dominance-of-the-us-dollar-is
?s=r

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Friday, March 18, 2022 1:58 PM

SIGNYM

I believe in solving problems, not sharing them.


Because of USA financial sanctions against Russia, including...

Confiscating property of foreigners who have nothing to do with the war in Ukraine

De-SWIFTING major Russian banks, and (especially)

Confiscating the assets held abroad by the Russian Central Bank...

many nations and wealthy individuals are re-thinking holding dollar and euro-based assets in American and European banks. Sure, the USA has stolen Ukrainian, Libyan, and Iraqi gold, and refuses to repatriate all of Germany's gold, and the Bank of England stole Venezuela's gold

Sure, the USA has arbitrarily and illegally frozen the assets of, and sanctioned a dozen nations across the globe...

But Russia is a G20 nation, and these illegal sanctions have touched nerves and affected economies everywhere.

*****

As a result

Russia and China have melded their non-SWIFT bank payment systems

Russia and India are doing deals using rupee-ruble currency swaps

The EAEU (Russia, China, and central Asia) are hammering out a common currency based on commodities and

Saudi Arabia has signaled that it would be willing to be paid in Chinese yuan

*****

As if that weren't enough, the USA is threatening CHINA with sanctions bc it is ignoring USA-imposed sanctions on Russia. As nonsensical as that sounds, the USA has been doing that for years

So the USD is being squeezed out of more and more international trade (thanks Joe*!) and is likely to be squeezed out of even more, since the USA has completely weaponized the petrodollar status and made it a risky asset.

Furthermore, Putin spoke a few days ago, and one of the things he said is that Russia will NOT confiscate assets tit-for-tat, but will be a reliable place in which to hold assets and invest.

I believe USA's full-on weaponizing the petrodollar has reached a critical point where many nations, and not just those currently being sanctioned (Balkans, Belarus, Burma, Central African Republic, Cuba, Democratic Republic of Congo, Hong Kong, Iran, Iraq, Lebanon, Libya, Mali, Nicaragua, Russia, Somalia, Sudan, South Sudan, Syria, Ukraine, Venezuela, Yemen, and Zimbabwe) will be looking for options outside of the USD, including Brazil, Philippines, etc.

Currency and financial systems behave gravitationally: the bigger they are, the more they attract. If non-USD systems reach a critical mass, the USD reserve currency system will implode.

-----------
Pity would be no more,
If we did not MAKE men poor - William Blake


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Friday, March 18, 2022 2:29 PM

6IXSTRINGJACK


When everybody is sanctioned, nobody is sanctioned.

--------------------------------------------------

Me: "Remember Covid?"

Useless Idiots: "What's Covid, durr? Russia, Ukraine, Putin, NATO *drool*. DURRRR!!!!"

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Friday, March 18, 2022 3:13 PM

CAPTAINCRUNCH

... stay crunchy...


Fantasy thread from Sigs started…? 5 years ago. Meanwhile, the Rubble is worthless and the Russian *stock market is still closed. Name another country that has done so embarrassingly bad. I guess all according to plan for “Novorossiya.” Great job Putin! Legacy! Oh, btw, there’s going to be a NEW Russia alright.

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Friday, March 18, 2022 3:15 PM

CAPTAINCRUNCH

... stay crunchy...


Quote:

Originally posted by 6IXSTRINGJACK:
When everybody is sanctioned, nobody is sanctioned.



Who’s being sanctioned? No one is being sanctioned.

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Friday, March 18, 2022 3:16 PM

6IXSTRINGJACK


Quote:

Originally posted by CAPTAINCRUNCH:
Quote:

Originally posted by 6IXSTRINGJACK:
When everybody is sanctioned, nobody is sanctioned.



Who’s being sanctioned? No one is being sanctioned.



Holy shit... lol

See what I'm dealing with here, folks.



--------------------------------------------------

Me: "Remember Covid?"

Useless Idiots: "What's Covid, durr? Russia, Ukraine, Putin, NATO *drool*. DURRRR!!!!"

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Friday, March 18, 2022 3:22 PM

6IXSTRINGJACK


Did you lose your internet while you were living under that rock for a year, Cap'n?

https://www.atlanticcouncil.org/blogs/econographics/global-sanctions-d
ashboard-groundhog-edition
/

Here's a fun little map for you, assuming that your brain thinks in pictures instead of words like Ted's does. I don't remember. It's been so long since I've had to deal with your particular brand of dumb-assery that I'd purged it from my memory banks long before you came back.

It is unclear from the map if any country has put any sanctions on the Penguins of Antarctica yet.

--------------------------------------------------

Me: "Remember Covid?"

Useless Idiots: "What's Covid, durr? Russia, Ukraine, Putin, NATO *drool*. DURRRR!!!!"

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Friday, March 18, 2022 4:06 PM

SIGNYM

I believe in solving problems, not sharing them.


Quote:

Originally posted by CAPTAINCRUNCH:

Who’s being sanctioned? No one is being sanctioned.[

I see you've given up on any semblance of credibility.


-----------
Pity would be no more,
If we did not MAKE men poor - William Blake


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Friday, March 18, 2022 5:41 PM

CAPTAINCRUNCH

... stay crunchy...


Quote:

Originally posted by SignyM:
Quote:

Originally posted by CAPTAINCRUNCH:

Who’s being sanctioned? No one is being sanctioned.[

I see you've given up on any semblance of credibility.





Ha! Jack said there’s no invasion, so how can there be any sanctions?
Pretty soon there probably won’t be any Putin, though! Legacy! New Russia!

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Friday, March 18, 2022 5:42 PM

CAPTAINCRUNCH

... stay crunchy...


Quote:

Originally posted by 6IXSTRINGJACK:
Did you lose your internet while you were living under that rock for a year, Cap'n?

https://www.atlanticcouncil.org/blogs/econographics/global-sanctions-d
ashboard-groundhog-edition
/

Here's a fun little map for you, assuming that your brain thinks in pictures instead of words like Ted's does. I don't remember. It's been so long since I've had to deal with your particular brand of dumb-assery that I'd purged it from my memory banks long before you came back.

It is unclear from the map if any country has put any sanctions on the Penguins of Antarctica yet.

--------------------------------------------------



There are no sanctions. Wake up dummy.

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Friday, March 18, 2022 5:47 PM

6IXSTRINGJACK


lol

--------------------------------------------------

Me: "Remember Covid?"

Useless Idiots: "What's Covid, durr? Russia, Ukraine, Putin, NATO *drool*. DURRRR!!!!"

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Saturday, March 19, 2022 1:49 PM

JAYNEZTOWN


Well as long as Gasoline Prices Don't Rise AGAIN !?

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Saturday, March 19, 2022 1:52 PM

6IXSTRINGJACK


Oh... They will.

Meanwhile, watch while the prices of everything else catch up to our new gas prices.


Will Biden* hit -15 and break a new record on the Job Approval aggregate next week?

He went from -8.8 to -13.9 in record time this week.

Just like I told Ted he would.

--------------------------------------------------

Me: "Remember Covid?"

Useless Idiots: "What's Covid, durr? Russia, Ukraine, Putin, NATO *drool*. DURRRR!!!!"

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Sunday, May 22, 2022 9:04 AM

6IXSTRINGJACK


Quote:

Originally posted by JAYNEZTOWN:
Well as long as Gasoline Prices Don't Rise AGAIN !?



So much for that idea, huh?


In other news...

I haven't been to a Baseball game in ages. That's not going to change any time soon.

I was talking to a guy the other day who said last summer was the last time he's ever going to a ball game, because you couldn't even buy a bag of peanuts without a credit card or phone app. He said that the entire MLB was doing away with cash.

I looked into it and sure enough...

https://www.wcnc.com/article/money/cash-outdated-currency-ballparks-sp
orting-events-cash-app-venmo-apple-pay/275-b0ff18cd-43f1-4101-8fc6-afaa2f84e127


All because of Covid.

Right...


Just one more thing I had no interest in ever doing again that I certainly won't be anymore.

They lost me years ago anyhow.

--------------------------------------------------

Me: "Remember Covid?"

Useless Idiots: "What's Covid, durr? Russia, Ukraine, Putin, NATO *drool*. DURRRR!!!!"

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Sunday, June 26, 2022 1:51 PM

JAYNEZTOWN


Brazil, Russia, India, China, and South Africa are working together to create a new currency to be used as a reserve currency and settlement for trade.

https://www.markets.businessinsider.com/news/currencies/dollar-dominan
ce-russia-china-rouble-yuan-brics-reserve-currency-imf-2022-6


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Thursday, October 27, 2022 3:39 PM

JAYNEZTOWN


Analysis-How Congress might look for Biden post midterms: The good, bad, and the ugly

https://uk.news.yahoo.com/analysis-congress-might-look-biden-171526206
.html

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Tuesday, November 22, 2022 4:59 PM

JAYNEZTOWN


I still think another major currency will collapse before the US Dollar, the Euro, Yen, Ruble, Bitcoin?

anyways some news

'Jim Rickards On Global Recession – Prepare for What is Coming'

https://www.savvyeconomists.com/2022/10/26/jim-rickards-on-global-rece
ssion-prepare-for-what-is-coming
/

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Tuesday, November 22, 2022 5:17 PM

6IXSTRINGJACK


The Dollar is fine.

--------------------------------------------------

Growing up in a Republic was nice... Shame we couldn't keep it.

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Wednesday, November 23, 2022 4:49 PM

SIGNYM

I believe in solving problems, not sharing them.


The expanded BRICS (to include Iran and Argentina. Saudi Arabia also wants to join, along with another dozen or so nations https://www.silkroadbriefing.com/news/2022/11/09/the-new-candidate-cou
ntries-for-brics-expansion/and
) are working on a common currency. The dollar may, or may not, increase in value relative to other western currencies but its circulation will diminish.

-----------
Pity would be no more,
If we did not MAKE someone poor - William Blake


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Wednesday, November 23, 2022 5:20 PM

6IXSTRINGJACK


Quote:

Originally posted by SIGNYM:
The expanded BRICS (to include Iran and Argentina. Saudi Arabia also wants to join, along with another dozen or so nations https://www.silkroadbriefing.com/news/2022/11/09/the-new-candidate-cou
ntries-for-brics-expansion/and
) are working on a common currency. The dollar may, or may not, increase in value relative to other western currencies but its circulation will diminish.

-----------
Pity would be no more,
If we did not MAKE someone poor - William Blake




Do a search for silkroadbriefing on Google and tell me what you notice about the first 4 results.

--------------------------------------------------

Growing up in a Republic was nice... Shame we couldn't keep it.

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Wednesday, November 23, 2022 7:58 PM

SIGNYM

I believe in solving problems, not sharing them.


Well I pulled up the site itself. It seems very China-centric.

But the fact is that I've heard about the expanded BRICS and their new (potential) common currency from many sources bc of it's recent meeting in China, and plans for a non-dollar common currency

https://markets.businessinsider.com/news/currencies/dollar-dominance-r
ussia-china-rouble-yuan-brics-reserve-currency-imf-2022-6



There are just too many references in too many places for me to doubt the authenticity of the info. I just grabbed the article with the most comprehensive list of BRICS applicants and potential BRICS applicants.

If Saudi Arabia really joins it would certainly weaken the role of the US dollar in the oil trade, and therefore weaken the necessity of keeping USD as a reserve currency.

-----------
Pity would be no more,
If we did not MAKE someone poor - William Blake


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Thursday, November 24, 2022 12:25 AM

6IXSTRINGJACK


This is what I was referring to...

Hit #1

Silk Road Briefing: Business Intelligence, Legal, Tax ...
https://www.silkroadbriefing.com
7 hours ago — All Silk Road & OBOR related infrastructure and investment development news and commentary from across Eurasia from Dezan Shira & Associates.

Hit #2

Vietnam Briefing: Business, Legal, Tax, Investment ...
https://www.vietnam-briefing.com
12 hours ago — Vietnam Briefing is one of the few available sources for quality legal, tax and investment insights into Vietnam.

Hit #3


ASEAN Briefing: Business, Legal, Tax, Investment, Accounting ...
https://www.aseanbriefing.com
16 hours ago — ASEAN Briefing publishes business news, resources and publications concerning foreign direct investment into ASEAN, including the most important tax, ...

Hit #4

Middle East Briefing: Business, Legal, Tax, Accounting, HR ...
https://www.middleeastbriefing.com
14 hours ago — Asia Briefing · China Briefing · ASEAN Briefing · India Briefing · Vietnam Briefing · Silk Road Briefing · Russia Briefing · Middle East Briefing.


The only time I've seen copy/paste websites like this before are for scam products, which are almost always bought from Alibaba and then packaged under diffrent company names playing wack-a-mole and upselling cheap chinese shit products for 10 times what they actually cost.

--------------------------------------------------

Growing up in a Republic was nice... Shame we couldn't keep it.

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Thursday, November 24, 2022 12:31 AM

6IXSTRINGJACK


Quote:

Originally posted by SIGNYM:
Well I pulled up the site itself. It seems very China-centric.

But the fact is that I've heard about the expanded BRICS and their new (potential) common currency from many sources bc of it's recent meeting in China, and plans for a non-dollar common currency

https://markets.businessinsider.com/news/currencies/dollar-dominance-r
ussia-china-rouble-yuan-brics-reserve-currency-imf-2022-6



There are just too many references in too many places for me to doubt the authenticity of the info. I just grabbed the article with the most comprehensive list of BRICS applicants and potential BRICS applicants.

If Saudi Arabia really joins it would certainly weaken the role of the US dollar in the oil trade, and therefore weaken the necessity of keeping USD as a reserve currency.

-----------
Pity would be no more,
If we did not MAKE someone poor - William Blake




And as for this, I'll say the same thing to you about it that I say to Second when he claims that the American government has no say in prices or has any hand in our current inflation...

In Second's case, why weren't companies raping customers when Trump was President.

In your case, if it were as simple as you make it sound to get the rest of the world or a sizable portion of it off of the USD as the main currency, why haven't they done it before?

I have zero fear that this is a possibility. What these people ARE doing is trying to make Americans and others feel like the Dollar is in trouble and make people lose faith in the Dollar.

And that hurts EVERYBODY if it happens.

Besides... There will be war if somebody attempts it. And I don't mean the dumb bullshit fake war going on in Ukraine right now.

I mean the type of war that would wipe Ukraine off the face of the earth on the very first day.

--------------------------------------------------

Growing up in a Republic was nice... Shame we couldn't keep it.

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Thursday, November 24, 2022 2:48 AM

SIGNYM

I believe in solving problems, not sharing them.


Oh, somebody tried it, and there was a war. Two, in fact.

Why did we invade Iraq? We both know it had nothing to do with WMDs or democracy or freedom or terrorism. So we know what it wasn't about, but what was it FOR?

Well, once Saddam was found to be in substantial compliance with getting rid of his chemical weapons- which he'd done- then oil embatgo would be lifted. And there was a contract all written up with France and ready to be signed, and the deal was oil for Euros and gold.

And we both know that Qaddafi wasn't "massacring his own people" and that Libyans had a much higher standard of living and education than any other nation in Africa, thanks to Libya's oil wealth being used to develop the nation. So waht was THAT all about? Well, it turns out that Qaddafi used a portion of Libya's oil wealth to build a store of gold. He was going to create a gold-based panAfrican currency called the African dinar. And look what happened to him. btw the gold disappeared and nobody knowss who stole it.

The USD has only one thing backing it: bullets.

Our deal with the Saudis, which made the dollar such an essential for the oil trade, went something like this: You only accept dollarz for oil, and use those dollars to buy USTs, and we'll protect you from your enemies. (.And if you don't, we'll bomb the snot out of you)

So what's changed?
Well, perceived USA military weakness.

The Saudis were none too pleased when one of their transfer facilities was struck and damaged a couple of years ago by practically homemade Yemeni drones. Despite having USA air defenses including Patriot missiles and fighter jets.

Then they, and everyone else, saw how the USA stole Russia's foreign reserves and kicked them out of the SWIFT, weaponizing the USD. A weaponized reserve currency is an unreliable reserve currency.

And finally, people do notice that Russia is kicking NATO's ass in Ukraine.

The only thing that will keep the dollar afloat is that too many nations have too many dollars. China has a trillion in USD and UST. Saudi Arabia and Japan and Europe also have a lot of US-denominated reserves, and nobody wants to see that value drop sudenly. But finance ministers ARE looking to get out from under the USAs ass a bit.

-----------
Pity would be no more,
If we did not MAKE someone poor - William Blake


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Thursday, November 24, 2022 9:42 AM

6IXSTRINGJACK


It's even more than that though.

We in America are beneficiaries to the fact that the REAL PTB based their whole empire off of the USD.

Now unless they have a particular gripe against the US that they find so irredeemably egregious that they have no choice but to switch currency, think of the logistics involved in that. TPTB wouldn't want to make a move so drastic and with such unpredictable results unless they knew full well that they had complete control over the outcome from the get go. And as you've illustrated above, any attempt at middle-management "leaders" trying to do so on their own ends up with their cities being turned to rubble.

People the world round can say all they want about the weakness of the US Military, but all that is is talk. Our military dwarfs the rest of the world's military and gets larger and larger cash infusions nearly every single year, and despite that fact it does practically nothing but "exist".

Incidentally... Screw NATO. If it weren't for the fact that it would trigger WWIII, the US Military could invade Russia today and turn Moscow to rubble by the end of the weekend if it were directed to. But TPTB have no interest in owning a world that is on fire.

Also incidentally... I believe this to be the big push against Russia right now when China clearly is the world's largest power guilty of the most egregious crimes against humanity and its own citizenry. Russia is a threat to nobody. But Russia also isn't easily bought off by TPTB like the US Government or fully on board with enslaving its people like China is.

Maybe this is the big push toward digital currency? Maybe this is why we currently have a white house press release hinting at the US switching toward a digital currency instead of cash?

If TPTB created digital currency and weened the world off of the USD and all other international currencies over the course of say, a few decades, they'd have complete control over it, and in turn practically over everyone on the planet. Nobody would be able to fight against it. Every single transaction you ever make will be logged. Do you like eating food? Well then, hop in the machine, Cog, and give thanks to your overlord for allowing you this opportunity. If you ever step out of line you will starve to death. Anybody found guilty of trying to feed, clothe or house somebody cut off from the digital currency will be found guilty of treason.

Hell... they could even make your currency have an expiration date so whatever you don't spend at the end of the month is lost and you can never save for a better future, both ensuring the "consumerism" economy chugs along until the sun explodes and essentially enslaving you to the whims of the system from the moment you're born until the day you die.

That's the only outcome I'm concerned about. Worrying about China and the Middle East making their own little currency to fight the Big Bad Dollar is cute.

--------------------------------------------------

Growing up in a Republic was nice... Shame we couldn't keep it.

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Thursday, November 24, 2022 11:16 AM

SIGNYM

I believe in solving problems, not sharing them.


Quote:

Originally posted by 6IXSTRINGJACK:
It's even more than that though.

We in America are beneficiaries to the fact that the REAL PTB based their whole empire off of the USD.

Only true to a certain extent. Bill Gates for example has moved gisxwralth into more durable assets: farmland and the Svarlsbaard seed bank. Others have moved their assets into stocks. Others are in the Euro or the yen. USD makes up a large part of reserve currency but something else makes up the other 40-45pct.

Quote:

Now unless they have a particular gripe against the US that they find so irredeemably egregious that they have no choice but to switch currency, think of the logistics involved in that. TPTB wouldn't want to make a move so drastic and with such unpredictable results unless they knew full well that they had complete control over the outcome from the get go. And as you've illustrated above, any attempt at middle-management "leaders" trying to do so on their own ends up with their cities being turned to rubble.

People the world round can say all they want about the weakness of the US Military, but all that is is talk. Our military dwarfs the rest of the world's military and gets larger and larger cash infusions nearly every single year, and despite that fact it does practically nothing but "exist".

Incidentally... Screw NATO. If it weren't for the fact that it would trigger WWIII, the US Military could invade Russia today and turn Moscow to rubble by the end of the weekend if it were directed to. But TPTB have no interest in owning a world that is on fire.

I can't imagine how. The first thing any invading nation does is wipe out the target's air defenses: radar stations, air bases, air fleets, communications, satellites and AWACS-tyoe planes, anti-aircraft batteries. Then they can go to town with command centers, fuel depots, military bases, munitions, etc and, finally, send in the troops.

But Russia has powerful air defenses. And where does the USA launch this attack from?? Yes, we have bases across Europe, but the total number of USA troops in Europe is about 90,000. https://news.yahoo.com/explainer-how-many-american-troops-are-in-europ
e-134927726.html
it would take a lot more than that to invade Russia. And Europe is already scraping the bottom of the barrel in terms of weapons to send to Ukraine.

It took GWB six months to assemble the 500,000 men he thought necessary to invade Iraq. We wouldn't be allowed the time -or the convoys necessary - to invade Russia, since Russia has very capable anti-ship missiles. So unless we're willing to go nuclear, the idea of conquering Moscow is just a dream.

Quote:

Also incidentally... I believe this to be the big push against Russia right now when China clearly is the world's largest power guilty of the most egregious crimes against humanity and its own citizenry. Russia is a threat to nobody. But Russia also isn't easily bought off by TPTB like the US Government or fully on board with enslaving its people like China is.

Maybe this is the big push toward digital currency? Maybe this is why we currently have a white house press release hinting at the US switching toward a digital currency instead of cash?

If TPTB created digital currency and weened the world off of the USD and all other international currencies over the course of say, a few decades, they'd have complete control over it, and in turn practically over everyone on the planet. Nobody would be able to fight against it. Every single transaction you ever make will be logged. Do you like eating food? Well then, hop in the machine, Cog, and give thanks to your overlord for allowing you this opportunity. If you ever step out of line you will starve to death. Anybody found guilty of trying to feed, clothe or house somebody cut off from the digital currency will be found guilty of treason.

Hell... they could even make your currency have an expiration date so whatever you don't spend at the end of the month is lost and you can never save for a better future, both ensuring the "consumerism" economy chugs along until the sun explodes and essentially enslaving you to the whims of the system from the moment you're born until the day you die.

That's the only outcome I'm concerned about. Worrying about China and the Middle East making their own little currency to fight the Big Bad Dollar is cute.



I agree with Russia not being bought iff.

China OTOH has an implicit deal with its people: wecraise your standard of living and youbputvup with our authoritarianism. It's not a one-way deal. So far, it seems to be working for China, altho personally I feel that China made a deal with the devil when it integrated itself into western economy.






-----------
Pity would be no more,
If we did not MAKE someone poor - William Blake


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Thursday, November 24, 2022 11:17 AM

SIGNYM

I believe in solving problems, not sharing them.


The dratted dbl

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Thursday, November 24, 2022 11:49 AM

6IXSTRINGJACK


Quote:

Originally posted by SIGNYM:
Quote:

Originally posted by 6IXSTRINGJACK:
It's even more than that though.

We in America are beneficiaries to the fact that the REAL PTB based their whole empire off of the USD.

Only true to a certain extent. Bill Gates for example has moved gisxwralth into more durable assets: farmland and the Svarlsbaard seed bank. Others have moved their assets into stocks. Others are in the Euro or the yen. USD makes up a large part of reserve currency but something else makes up the other 40-45pct.



Yes. But it's still the base, and even amid the current volatility of everything, it's still the most reliable asset to hold onto. This is by design.

In other words, it's not a Bug that the rest of the world is suffering from inflation, recession and financial turmoil at the same time that America is. It's a Feature.

Quote:

Quote:

Now unless they have a particular gripe against the US that they find so irredeemably egregious that they have no choice but to switch currency, think of the logistics involved in that. TPTB wouldn't want to make a move so drastic and with such unpredictable results unless they knew full well that they had complete control over the outcome from the get go. And as you've illustrated above, any attempt at middle-management "leaders" trying to do so on their own ends up with their cities being turned to rubble.

People the world round can say all they want about the weakness of the US Military, but all that is is talk. Our military dwarfs the rest of the world's military and gets larger and larger cash infusions nearly every single year, and despite that fact it does practically nothing but "exist".

Incidentally... Screw NATO. If it weren't for the fact that it would trigger WWIII, the US Military could invade Russia today and turn Moscow to rubble by the end of the weekend if it were directed to. But TPTB have no interest in owning a world that is on fire.

I can't imagine how. The first thing any invading nation does is wipe out the target's air defenses: radar stations, air bases, air fleets, communications, satellites and AWACS-tyoe planes, anti-aircraft batteries. Then they can go to town with command centers, fuel depots, military bases, munitions, etc and, finally, send in the troops.

But Russia has powerful air defenses. And where does the USA launch this attack from?? Yes, we have bases across Europe, but the total number of USA troops in Europe is about 90,000. https://news.yahoo.com/explainer-how-many-american-troops-are-in-europ
e-134927726.html
it would take a lot more than that to invade Russia. And Europe is already scraping the bottom of the barrel in terms of weapons to send to Ukraine.

It took GWB six months to assemble the 500,000 men he thought necessary to invade Iraq. We wouldn't be allowed the time -or the convoys necessary - to invade Russia, since Russia has very capable anti-ship missiles. So unless we're willing to go nuclear, the idea of conquering Moscow is just a dream.



None of these were/are real wars. I mean REAL wars that have large amounts of human casualties on both sides.

Most people living today have not seen the actual might of the US Military. All we've been witness to is theatrics.

Quote:

Quote:

Also incidentally... I believe this to be the big push against Russia right now when China clearly is the world's largest power guilty of the most egregious crimes against humanity and its own citizenry. Russia is a threat to nobody. But Russia also isn't easily bought off by TPTB like the US Government or fully on board with enslaving its people like China is.

Maybe this is the big push toward digital currency? Maybe this is why we currently have a white house press release hinting at the US switching toward a digital currency instead of cash?

If TPTB created digital currency and weened the world off of the USD and all other international currencies over the course of say, a few decades, they'd have complete control over it, and in turn practically over everyone on the planet. Nobody would be able to fight against it. Every single transaction you ever make will be logged. Do you like eating food? Well then, hop in the machine, Cog, and give thanks to your overlord for allowing you this opportunity. If you ever step out of line you will starve to death. Anybody found guilty of trying to feed, clothe or house somebody cut off from the digital currency will be found guilty of treason.

Hell... they could even make your currency have an expiration date so whatever you don't spend at the end of the month is lost and you can never save for a better future, both ensuring the "consumerism" economy chugs along until the sun explodes and essentially enslaving you to the whims of the system from the moment you're born until the day you die.

That's the only outcome I'm concerned about. Worrying about China and the Middle East making their own little currency to fight the Big Bad Dollar is cute.

Quote:



I agree with Russia not being bought iff.

China OTOH has an implicit deal with its people: wecraise your standard of living and youbputvup with our authoritarianism. It's not a one-way deal. So far, it seems to be working for China, altho personally I feel that China made a deal with the devil when it integrated itself into western economy.




Not unrelated, I did just finish my post in the "Democrats Only" thread up with essentially the same notion, but on a worldwide scale rather than just China.

http://fireflyfans.net/mthread.aspx?bid=18&tid=61954&mid=11653
79#1165379


Quote:

Originally posted by 6IXSTRINGJACK:
The sad truth is, if TPTB want to convert the world currency to Cryptofascism, there's not a damn thing any one of us can do about it. The even sadder truth is that when that world inevitably comes to be our reality, submitting your free will and living inside the confines of Cryptofascism will be a better life than any alternative.

Rat's in a cage.



--------------------------------------------------

Growing up in a Republic was nice... Shame we couldn't keep it.

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Thursday, November 24, 2022 4:42 PM

SIGNYM

I believe in solving problems, not sharing them.


Quote:

6IXSTRINGJACK:
It's even more than that though.
We in America are beneficiaries to the fact that the REAL PTB based their whole empire off of the USD.

SIGNY: Only true to a certain extent. Bill Gates for example has moved his wealth into more durable assets: farmland and the Svarlsbaard seed bank. Others have moved their assets into stocks. Others are in the Euro or the yen. USD makes up a large part of reserve currency but something else makes up the other 40-45pct.

SIX: Yes. But it's still the base, and even amid the current volatility of everything, it's still the most reliable asset to hold onto. This is by design.

In other words, it's not a Bug that the rest of the world is suffering from inflation, recession and financial turmoil at the same time that America is. It's a Feature.

Now unless they have a particular gripe against the US that they find so irredeemably egregious that they have no choice but to switch currency, think of the logistics involved in that. TPTB wouldn't want to make a move so drastic and with such unpredictable results unless they knew full well that they had complete control over the outcome from the get go. And as you've illustrated above, any attempt at middle-management "leaders" trying to do so on their own ends up with their cities being turned to rubble.

People the world round can say all they want about the weakness of the US Military, but all that is is talk. Our military dwarfs the rest of the world's military and gets larger and larger cash infusions nearly every single year, and despite that fact it does practically nothing but "exist".

Incidentally... Screw NATO. If it weren't for the fact that it would trigger WWIII, the US Military could invade Russia today and turn Moscow to rubble by the end of the weekend if it were directed to. But TPTB have no interest in owning a world that is on fire.

SIGNY: I can't imagine how. The first thing any invading nation does is wipe out the target's air defenses: radar stations, air bases, air fleets, communications, satellites and AWACS-tyoe planes, anti-aircraft batteries. Then they can go to town with command centers, fuel depots, military bases, munitions, etc and, finally, send in the troops.

But Russia has powerful air defenses. And where does the USA launch this attack from?? Yes, we have bases across Europe, but the total number of USA troops in Europe is about 90,000. https://news.yahoo.com/explainer-how-many-american-troops-are-in-europ
e-134927726.html
it would take a lot more than that to invade Russia. And Europe is already scraping the bottom of the barrel in terms of weapons to send to Ukraine.

It took GWB six months to assemble the 500,000 men he thought necessary to invade Iraq. We wouldn't be allowed the time -or the convoys necessary - to invade Russia, since Russia has very capable anti-ship missiles. So unless we're willing to go nuclear, the idea of conquering Moscow is just a dream.

SIX: None of these were/are real wars. I mean REAL wars that have large amounts of human casualties on both sides.

There were massive casualties in Iraq and Libya. To them, they were real wars.

Quote:

SIX: Most people living today have not seen the actual might of the US Military. All we've been witness to is theatrics.

WE haven't seen a real war since the Civil War, since none of the other wars were fought on our soil.

Quote:

SIX: Also incidentally... I believe this to be the big push against Russia right now when China clearly is the world's largest power guilty of the most egregious crimes against humanity and its own citizenry. Russia is a threat to nobody. But Russia also isn't easily bought off by TPTB like the US Government or fully on board with enslaving its people like China is.

Maybe this is the big push toward digital currency? Maybe this is why we currently have a white house press release hinting at the US switching toward a digital currency instead of cash?

If TPTB created digital currency and weened the world off of the USD and all other international currencies over the course of say, a few decades, they'd have complete control over it, and in turn practically over everyone on the planet. Nobody would be able to fight against it. Every single transaction you ever make will be logged. Do you like eating food? Well then, hop in the machine, Cog, and give thanks to your overlord for allowing you this opportunity. If you ever step out of line you will starve to death. Anybody found guilty of trying to feed, clothe or house somebody cut off from the digital currency will be found guilty of treason.

Hell... they could even make your currency have an expiration date so whatever you don't spend at the end of the month is lost and you can never save for a better future, both ensuring the "consumerism" economy chugs along until the sun explodes and essentially enslaving you to the whims of the system from the moment you're born until the day you die.

That's the only outcome I'm concerned about. Worrying about China and the Middle East making their own little currency to fight the Big Bad Dollar is cute.[

SIX: I agree with Russia not being bought iff.

China OTOH has an implicit deal with its people: wecraise your standard of living and youbputvup with our authoritarianism. It's not a one-way deal. So far, it seems to be working for China, altho personally I feel that China made a deal with the devil when it integrated itself into western economy.

SIX: Not unrelated, I did just finish my post in the "Democrats Only" thread up with essentially the same notion, but on a worldwide scale rather than just China.

http://fireflyfans.net/mthread.aspx?bid=18&tid=61954&mid=11653
79#1165379


Originally posted by 6IXSTRINGJACK:
The sad truth is, if TPTB want to convert the world currency to Cryptofascism, there's not a damn thing any one of us can do about it. The even sadder truth is that when that world inevitably comes to be our reality, submitting your free will and living inside the confines of Cryptofascism will be a better life than any alternative.

Rat's in a cage.




I have the same concerns about a digital currency. Unline China, which has far too many people to keep track of and therefore doesn't actually have a national, all-encompassing "social score", the USA has fewer people and that nice big data center in Utah just begging to be used.

-----------
Pity would be no more,
If we did not MAKE someone poor - William Blake


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Thursday, November 24, 2022 11:29 PM

6IXSTRINGJACK


Quote:

Originally posted by SIGNYM:
Quote:

6IXSTRINGJACK:
It's even more than that though.
We in America are beneficiaries to the fact that the REAL PTB based their whole empire off of the USD.

SIGNY: Only true to a certain extent. Bill Gates for example has moved his wealth into more durable assets: farmland and the Svarlsbaard seed bank. Others have moved their assets into stocks. Others are in the Euro or the yen. USD makes up a large part of reserve currency but something else makes up the other 40-45pct.

SIX: Yes. But it's still the base, and even amid the current volatility of everything, it's still the most reliable asset to hold onto. This is by design.

In other words, it's not a Bug that the rest of the world is suffering from inflation, recession and financial turmoil at the same time that America is. It's a Feature.

Now unless they have a particular gripe against the US that they find so irredeemably egregious that they have no choice but to switch currency, think of the logistics involved in that. TPTB wouldn't want to make a move so drastic and with such unpredictable results unless they knew full well that they had complete control over the outcome from the get go. And as you've illustrated above, any attempt at middle-management "leaders" trying to do so on their own ends up with their cities being turned to rubble.

People the world round can say all they want about the weakness of the US Military, but all that is is talk. Our military dwarfs the rest of the world's military and gets larger and larger cash infusions nearly every single year, and despite that fact it does practically nothing but "exist".

Incidentally... Screw NATO. If it weren't for the fact that it would trigger WWIII, the US Military could invade Russia today and turn Moscow to rubble by the end of the weekend if it were directed to. But TPTB have no interest in owning a world that is on fire.

SIGNY: I can't imagine how. The first thing any invading nation does is wipe out the target's air defenses: radar stations, air bases, air fleets, communications, satellites and AWACS-tyoe planes, anti-aircraft batteries. Then they can go to town with command centers, fuel depots, military bases, munitions, etc and, finally, send in the troops.

But Russia has powerful air defenses. And where does the USA launch this attack from?? Yes, we have bases across Europe, but the total number of USA troops in Europe is about 90,000. https://news.yahoo.com/explainer-how-many-american-troops-are-in-europ
e-134927726.html
it would take a lot more than that to invade Russia. And Europe is already scraping the bottom of the barrel in terms of weapons to send to Ukraine.

It took GWB six months to assemble the 500,000 men he thought necessary to invade Iraq. We wouldn't be allowed the time -or the convoys necessary - to invade Russia, since Russia has very capable anti-ship missiles. So unless we're willing to go nuclear, the idea of conquering Moscow is just a dream.

SIX: None of these were/are real wars. I mean REAL wars that have large amounts of human casualties on both sides.

There were massive casualties in Iraq and Libya. To them, they were real wars.



I'm not arguing that. To them it was a real war. To us it was newspaper headlines until we became numb to them and then they'd move on to the next thing like Hurricane Katrina or Michael Jackson's death.

That's why I said massive casualties on both sides. But since these are wars that we The People have no interest in fighting, there would have been a revolt if they started sending in our kids and young men to die like they did in WWII. Particularly after the shitshow illegal wars in Viet Nam and Korea.

Quote:

Quote:

SIX: Most people living today have not seen the actual might of the US Military. All we've been witness to is theatrics.

WE haven't seen a real war since the Civil War, since none of the other wars were fought on our soil.



Yes and no. It's not as if the families who found all of their sons die in the Rich Men's wars didn't see it, even if they weren't witness to it with their own eyes. They certainly felt it.

If it came down to it, the might of the US military could crush the rest of the world. But because nukes are part of the equation all we're left with is these trivial skirmishes that are enough to end up with a lot of dead folk but not enough to trigger a nuclear war.

What we and NATO are doing in Ukraine today is a fuckin' travesty. Sending in countless Ukrainians to their death while funneling billions of dollars to Raytheon, the criminal puppets we put in place as "leadership" in Ukraine in 2014 and lining the pockets of US politicians and bureaucrats. The country and the people of Ukraine don't mean one flying fuck to any of them, but there are so many idiots living in this country and abroad in Western nations like Ted who are all but getting a Ukraine flag tattooed on their foreheads.

If everybody in America had a 3 digit IQ, nobody would stand for any of it anymore.

Quote:

SIX: Also incidentally... I believe this to be the big push against Russia right now when China clearly is the world's largest power guilty of the most egregious crimes against humanity and its own citizenry. Russia is a threat to nobody. But Russia also isn't easily bought off by TPTB like the US Government or fully on board with enslaving its people like China is.

Maybe this is the big push toward digital currency? Maybe this is why we currently have a white house press release hinting at the US switching toward a digital currency instead of cash?

If TPTB created digital currency and weened the world off of the USD and all other international currencies over the course of say, a few decades, they'd have complete control over it, and in turn practically over everyone on the planet. Nobody would be able to fight against it. Every single transaction you ever make will be logged. Do you like eating food? Well then, hop in the machine, Cog, and give thanks to your overlord for allowing you this opportunity. If you ever step out of line you will starve to death. Anybody found guilty of trying to feed, clothe or house somebody cut off from the digital currency will be found guilty of treason.

Hell... they could even make your currency have an expiration date so whatever you don't spend at the end of the month is lost and you can never save for a better future, both ensuring the "consumerism" economy chugs along until the sun explodes and essentially enslaving you to the whims of the system from the moment you're born until the day you die.

That's the only outcome I'm concerned about. Worrying about China and the Middle East making their own little currency to fight the Big Bad Dollar is cute.[

SIX: I agree with Russia not being bought iff.

China OTOH has an implicit deal with its people: wecraise your standard of living and youbputvup with our authoritarianism. It's not a one-way deal. So far, it seems to be working for China, altho personally I feel that China made a deal with the devil when it integrated itself into western economy.

SIX: Not unrelated, I did just finish my post in the "Democrats Only" thread up with essentially the same notion, but on a worldwide scale rather than just China.

http://fireflyfans.net/mthread.aspx?bid=18&tid=61954&mid=11653
79#1165379


Originally posted by 6IXSTRINGJACK:
The sad truth is, if TPTB want to convert the world currency to Cryptofascism, there's not a damn thing any one of us can do about it. The even sadder truth is that when that world inevitably comes to be our reality, submitting your free will and living inside the confines of Cryptofascism will be a better life than any alternative.

Rat's in a cage.




I have the same concerns about a digital currency. Unline China, which has far too many people to keep track of and therefore doesn't actually have a national, all-encompassing "social score", the USA has fewer people and that nice big data center in Utah just begging to be used.


And we're all in it already. Some more so than others. They already know a hell of a lot more about us than we do. The only two things they need to exert complete control over our actions is institute a single ID for everything we do online and to create a digital currency that they can monitor and change the rules of at their whim.

We didn't like what you said on Twitter yesterday. Your food tokens for the month have been decreased by 20%. This will be your final warning before that decrease becomes permanent, after which point you will need to go to your local reeducation center for training before you will be given your regular scheduled food tokens.

--------------------------------------------------

Growing up in a Republic was nice... Shame we couldn't keep it.

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Sunday, January 22, 2023 6:34 PM

JAYNEZTOWN


Brazil and Argentina Are Discussing Whether to Combine Currencies

https://uk.news.yahoo.com/brazil-argentina-discussing-whether-combine-
211723062.html

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Saturday, March 11, 2023 10:20 AM

JAYNEZTOWN


Flee California?

Here’s how the second-biggest bank collapse in U.S. history happened in just 48 hours
https://www.cnbc.com/2023/03/10/silicon-valley-bank-collapse-how-it-ha
ppened.html


Within 48 hours, a panic induced by the very venture capital community that SVB had served and nurtured ended the bank's 40-year-run.

Regulators shuttered SVB Friday and seized its deposits in the largest U.S. banking failure since the 2008 financial crisis and the second-largest ever. The company's downward spiral began late Wednesday, when it surprised investors with news that it needed to raise $2.25 billion to shore up its balance sheet. What followed was the rapid collapse of a highly-respected bank that had grown alongside its technology clients.

Even now, as the dust begins to settle on the second bank wind-down announced this week, members of the VC community are lamenting the role that other investors played in SVB's demise.

"This was a hysteria-induced bank run caused by VCs," Ryan Falvey, a fintech investor at Restive Ventures, told CNBC. "This is going to go down as one of the ultimate cases of an industry cutting its nose off to spite its face."

The episode is the latest fallout from the Federal Reserve's actions to stem inflation with its most aggressive rate hiking campaign in four decades. The ramifications could be far-reaching, with concerns that startups may be unable to pay employees in coming days, venture investors may struggle to raise funds, and an already-battered sector could face a deeper malaise.

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Saturday, March 11, 2023 10:29 AM

6IXSTRINGJACK


The Woke took full advantage of that VC while it was available and destroyed any value that their portion of it had.

Between that and GPT, all of those millennials and old zoomers with their fancy college degrees are going to be put out on their asses where they belong. With no skills of any value to fall back on.



They'd better hone those beggar skills if Mommy and Daddy don't let them move back in.

--------------------------------------------------

Growing up in a Republic was nice... Shame we couldn't keep it.

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Saturday, March 11, 2023 2:37 PM

SIGNYM

I believe in solving problems, not sharing them.


Apparently TWO banks collapsed this week. Silicon Valley Bank (SVB) was the bigger one, and also one called (IIRC) Silvergate.

According to a vid I listened to, both banks got caught on the wrong side of the Fed's interest rate increases. SVB specialized in venture capital funding. Silvergate was the real world interface between cryptocurrency and dollars, exchanging crypto for dollar and vice versa.

Both were cash rich. What they did was put their money into 10-year Treasuries at low interest rates "back then", but when interest rates rose the value of the Treasuries fell. Faced with a surge in withdrawals (in the case of Silvergate it was the drop in crypo prices, I don't remember what happened to SVB) they had to sell their Treasuries at a loss, which shook the confidence of depositors and shareholders and led to, in essence, bank runs. If they had a been allowed to hold their Treasuries to maturity all would have been well; it was a mismatch between long term assets and short term demand.

-----------
Pity would be no more,
If we did not MAKE someone poor - William Blake


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Saturday, March 11, 2023 2:42 PM

SIGNYM

I believe in solving problems, not sharing them.


I think the real problem for the dollar is here:


Quote:

Why Iran and Saudi Arabia making nice is a very big deal
China’s dealmaking heralds the post-America Middle East


https://www.vox.com/world-politics/2023/3/10/23634464/deal-saudi-arabi
a-iran-china-explained


I just grabbed the first headline from my search to show that this is real news.

I hate to keep beating this particular horse, but the reason why the American dollar is the world reserve currency is because, until lately, ALL oil producers (including Russia) accepted only USD for oil (petrodollar). And since oil is vital to any economy and by far the THE biggest traded commodity in the world, every nation that bought oil... and that's pretty much all of them... needed dollars in their national piggy-banks for oil trade.

What this article DOESN'T say is that Saudi Arabia is now considering accepting something other than dollars for oil. And if/since the bigger producers (Russia, Saudi Arabia, Iran, Venezuela) are either locked out of the dollar trade or considering alternate currencies (perhaps the oetroyuan or the upcoming BRICS common currency) the dollar will become just a currency among currencies, and lose its value as THE reserve currency.

I don't think the BRICS (which Saudi Arabia is seriously considering joining) will refuse dollars bc I don't think China has an interest in popping the value if their USD foreign reserves. But they will accept some other currency (ies).

So now the USA, which is not oil-indeoendent, will need to offer something other than devalued dollars, or we will need to offer MORE dollars, with which to trade

And just to remind you how big a deal this us to us, out if all of the bullshit brought up for destroying Iraq and Libya (WMD! Yellow cake! Massacres!) -none of it true- the only underlying reason important enough to justify all that killing and expense was that BOTH nations were about to embark on non-dollar oil trade. THAT, in the eyes of the Deep State, is a fatal mistake.



-----------
Pity would be no more,
If we did not MAKE someone poor - William Blake


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Saturday, March 11, 2023 6:03 PM

THG


Quote:

Originally posted by SIGNYM:
Apparently TWO banks collapsed this week. Silicon Valley Bank (SVB) was the bigger one, and also one called (IIRC) Silvergate.

According to a vid I listened to, both banks got caught on the wrong side of the Fed's interest rate increases. SVB specialized in venture capital funding. Silvergate was the real world interface between cryptocurrency and dollars, exchanging crypto for dollar and vice versa.

Both were cash rich. What they did was put their money into 10-year Treasuries at low interest rates "back then", but when interest rates rose the value of the Treasuries fell. Faced with a surge in withdrawals (in the case of Silvergate it was the drop in crypo prices, I don't remember what happened to SVB) they had to sell their Treasuries at a loss, which shook the confidence of depositors and shareholders and led to, in essence, bank runs. If they had a been allowed to hold their Treasuries to maturity all would have been well; it was a mismatch between long term assets and short term demand.

-----------
Pity would be no more,
If we did not MAKE someone poor - William Blake




Trump Era Roll Back of Bank Regulations Resurfaces Amid SVB Collapse

Amid the collapse of Silicon Valley Bank (SVB), some commentators have claimed a Trump-era rollback of financial regulations may have contributed to the situation.

https://www.msn.com/en-us/money/markets/trump-era-roll-back-of-bank-re
gulations-resurfaces-amid-svb-collapse/ar-AA18vuPe?ocid=msedgdhp&pc=U531&cvid=9605bdd61a2c4c0abec275770545fd22&ei=143




T

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Saturday, March 11, 2023 8:02 PM

SECOND

The Joss Whedon script for Serenity, where Wash lives, is Serenity-190pages.pdf at https://www.mediafire.com/two


Quote:

Originally posted by 6IXSTRINGJACK:
The Woke took full advantage of that VC while it was available and destroyed any value that their portion of it had.

Between that and GPT, all of those millennials and old zoomers with their fancy college degrees are going to be put out on their asses where they belong. With no skills of any value to fall back on.



They'd better hone those beggar skills if Mommy and Daddy don't let them move back in.

6ix, there was $175 billion in that bank. How much was lost? $15 billion. The depositors will get back around $160 billion. 6ix, you write as if the depositors lost all $175 billion, which strongly suggests you are a nincompoop about how banks work.

The real losers are the SVB stockholders. The price per share was $284.83 on March 6th. By March 9th the price was $106.04 when trading was halted. That price could go to zero. Their loss could be another $6.28 billion. Losses for individuals depends on when they bought their shares because the price was as high as $727.79 in 2021. Very poor investment for some who bought at the peak.
https://www.google.com/finance/quote/SIVB:NASDAQ?authuser=0&window
=MAX


Some $175 billion in customer accounts were taken over by the Federal Deposit Insurance Corporation (FDIC), which is now tasked with returning money to the bank’s customers. $91 billion worth of Treasuries (a usually safe investment) that the bank bought with customers’ deposits, had lost some $15 billion in value due to interest rate hikes.
https://time.com/6262009/silicon-valley-bank-deposit-insurance/

The Joss Whedon script for Serenity, where Wash lives, is Serenity-190pages.pdf at
https://www.mediafire.com/folder/1uwh75oa407q8/Firefly

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Saturday, March 11, 2023 10:53 PM

SIGNYM

I believe in solving problems, not sharing them.


This is the MSN article

Quote:

Amid the collapse of Silicon Valley Bank (SVB), some commentators have claimed a Trump-era rollback of financial regulations may have contributed to the situation.

While largely unknown outside California's Silicon Valley tech corridor, SVB has for decades been a go-to financial institution for the country's technology and health start-ups. One of the 20 biggest banks in the United States, it had over $200 billion in assets by the end of last year, according to CNN.

As of Friday, however, SVB was left in freefall as clients began a run on the institution, spurred on by higher interest rates and other factors, resulting in a spiraling chain reaction that has threatened to sink the institution and leave its customers in financial jeopardy.

In the fallout of Friday's run on the bank, some reports noted that a rollback of banking regulations by former President Donald Trump might have weakened SVB's ability to manage risks associated with interest rates. In 2018, according to The New York Times, Trump signed a bill that axed regulatory requirements for regional banks with less than $250 billion in assets.

Under the new rules, such institutions no longer had to submit to "stress testing" by the Federal Reserve and were no longer required to keep a certain amount of cash on hand to protect against the effects of financial shocks,
the newspaper reported.

The Times noted in its report that the bill was championed by SVB CEO Greg Becker. Becker had pressed lawmakers in Congress to lessen regulation that placed higher scrutiny on certain banks, claiming that SVB had a "low risk profile of our activities and business model." By 2018, his bank had spent roughly $500,000 to lobby for the changes that Trump ultimately signed into law, according to The Lever, an investigative news outlet.

The rules rolled back by the bill were first introduced in 2010 by the Dodd-Frank Wall Street Reform and Consumer Protection Act, a sweeping reform law signed by former President Barack Obama

in place of re-instituting the more meaningful Glass-Steagall Act, axed by Bill Clinton in 1999.
Quote:

to address issues in the financial sector in the wake of the 2007-2008 global financial crisis and the Great Recession. As noted in a tweet on Saturday from businessman and former Obama economic adviser Robert Wolf, the Dodd-Frank Act originally required banks with over $50 billion in assets to submit to stress testing.
1999.
As of Saturday afternoon, Trump has not commented on SVB. Newsweek reached out to his communications team via email for comment.

In the wake of the run, California regulators shut down SVB and turned over control of it to the Federal Deposit Insurance Corporation (FDIC). It has since been reported that the bank had not employed a chief risk officer in the months leading up to Friday's collapse and had not insured roughly 90 percent of its deposits.



Unless someone forensically audits SVB and applies "stress testing" to its balance sheets, we will never know if "stress testing" would have saved the bank.

But this bank failure is not the death knell of the dollar. If anything it's more of an indicator than a cause of financial disturbances. The value of the dollar is going to be determined by much larger factors- America's total debt load (government, corporate, individual, financial) and money issuance, whether there is anything of value behind the dollar, whether other nations will continue to trust a "weaponized" dollar, and whether other nations will find an alternative for trade. And if they do, whether choose to torpedo the dollar suddenly or just let it sink on its own.

-----------
Pity would be no more,
If we did not MAKE someone poor - William Blake


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Saturday, March 11, 2023 11:20 PM

SECOND

The Joss Whedon script for Serenity, where Wash lives, is Serenity-190pages.pdf at https://www.mediafire.com/two


Quote:

Originally posted by SIGNYM:

Unless someone forensically audits SVB and applies "stress testing" to its balance sheets, we will never know if "stress testing" would have saved the bank.

Bullshit from you, Signym. We already know that the bonds the bank held dropped in value by $15 billion, a loss large enough to bankrupt the bank: "$91 billion worth of Treasuries (a usually safe investment) that the bank bought with customers’ deposits, had lost some $15 billion in value due to interest rate hikes."
https://time.com/6262009/silicon-valley-bank-deposit-insurance/

We already know why the bank purchased too many bonds. It is as easy as 1,2,3:

1) SVB’s president, Greg Becker, pushed for weaker banking regulations, telling congress to lift “enhanced prudential standards…given the low risk profile of our activities,” as The Lever reported. Two former staffers for House Speaker Kevin McCarthy are registered lobbyists for Silicon Valley Bank, with one specifically lobbying on the 2018 Dodd-Frank repeal law that experts say made this crisis more likely.

2) House Speaker Kevin McCarthy, who himself pushed for the repeal of significant pieces of the landmark Wall Street reform legislation known as Dodd-Frank. “We’re going to move this Senate bill directly to the president’s desk to ensure these reforms help the economy to grow further by making community banks stronger,” McCarthy said of the legislation in 2018. “This is going to free up a great deal of capital and this will help a lot.”

3) A chief culprit, economists say, is legislation signed into law by President Trump in 2018, which rolled back key parts of the Dodd-Frank banking regulations passed in the wake of the 2008 financial crisis.

“This was a 100 percent avoidable problem,” economist Dean Baker told The Intercept in an email, pointing to the Dodd-Frank repeal bill. “That bill raised the asset threshold above which banks have to undergo stress tests from $50 billion to $250 billion. SVB would have been required to undergo regular stress tests before the revision; among the stresses you look at are sharp rises in interest rates, which is apparently what did in SVB. Presumably, if its books had been subject to this test, the risk would have been detected and they would have been required to raise more capital and/or shed deposits.”

https://web.archive.org/web/20230312035036/https://theintercept.com/20
23/03/11/silicon-valley-bank-used-former-mccarthy-staffers-to-weaken-regulations-lobby-fdic
/

Signym, the situation is absolutely simple to understand, unless you are obfuscating because you are a crook or because you don't know what you write about.

The Joss Whedon script for Serenity, where Wash lives, is Serenity-190pages.pdf at
https://www.mediafire.com/folder/1uwh75oa407q8/Firefly

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Saturday, March 11, 2023 11:59 PM

SIGNYM

I believe in solving problems, not sharing them.


Dodd Frank is notoriously complicated. I have no idea what its capitalization requirements are and what the stress tests consist of and I'll bet you don't either.

But knowing how MSN loves to take potshots at Trump, I noticed that they hedged their statements. "claimed" "may have". Maybe they don't want to get sued for libel publishing something they were almost certin wasn't true.

But like I posted, that's neither here nor there AFA the value if the dollar.



-----------
Pity would be no more,
If we did not MAKE someone poor - William Blake


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Sunday, March 12, 2023 1:18 AM

6IXSTRINGJACK


Quote:

Originally posted by second:
Quote:

Originally posted by 6IXSTRINGJACK:
The Woke took full advantage of that VC while it was available and destroyed any value that their portion of it had.

Between that and GPT, all of those millennials and old zoomers with their fancy college degrees are going to be put out on their asses where they belong. With no skills of any value to fall back on.



They'd better hone those beggar skills if Mommy and Daddy don't let them move back in.

6ix, there was $175 billion in that bank. How much was lost? $15 billion. The depositors will get back around $160 billion. 6ix, you write as if the depositors lost all $175 billion, which strongly suggests you are a nincompoop about how banks work.



Nope. You're just a stupid jagoff that isn't catching what I'm throwing.

I'm not even going to discuss money with somebody as stupid as you.



--------------------------------------------------

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Sunday, March 12, 2023 9:20 AM

SECOND

The Joss Whedon script for Serenity, where Wash lives, is Serenity-190pages.pdf at https://www.mediafire.com/two


Quote:

Originally posted by SIGNYM:
Dodd Frank is notoriously complicated. I have no idea what its capitalization requirements are and what the stress tests consist of and I'll bet you don't either.

But knowing how MSN loves to take potshots at Trump, I noticed that they hedged their statements. "claimed" "may have". Maybe they don't want to get sued for libel publishing something they were almost certin wasn't true.

But like I posted, that's neither here nor there AFA the value if the dollar.

Signym, you are idiot that writes well. Here is something you will try to obfuscate your way around Republican irresponsibility in the same way as you are doing about a bank failing: Raising the debt ceiling.

Republicans are claiming that not raising the ceiling won't be a disaster while the Treasury Secretary says, in the most polite way, that they are in error.
Quote:

The way to ensure the government can keep paying its bills is to raise or suspend the debt limit, Treasury Secretary Janet Yellen told lawmakers Friday — not prioritize payments, as some Republicans have proposed.

"In my assessment and those of economists across the board, a default on our debt would trigger an economic and financial catastrophe," Yellen said. "I urge all members of Congress to come together to address the debt limit without conditions and without waiting until the last minute."

https://www.cbsnews.com/news/janet-yellen-debt-ceiling-fight-republica
n-plan-prioritize-payments-default
/

That is the most forceful statement from an official that I have ever seen about the catastrophe Republicans will cause if they continue to stupidly misunderstand banking, borrowing and debt. A more forceful warning from Janet Yellen would be "If the US defaults on any debt, no matter how small or short a default, the world banking system will slit the throat of the US. It will be the Death of the Dollar." But being more certain and forceful will not convince the average Republican Congressmen. Janet Yellen has to hope that not every Republican Congressman is as ignorant as 6ixStringJack about banking and debt.

The Joss Whedon script for Serenity, where Wash lives, is Serenity-190pages.pdf at
https://www.mediafire.com/folder/1uwh75oa407q8/Firefly

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Sunday, March 12, 2023 9:58 AM

6IXSTRINGJACK


Yellen is a Diversity Hire idiot.

--------------------------------------------------

Growing up in a Republic was nice... Shame we couldn't keep it.

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Sunday, March 12, 2023 10:21 AM

6IXSTRINGJACK


Quote:

Originally posted by 6IXSTRINGJACK:
The Woke took full advantage of that VC while it was available and destroyed any value that their portion of it had.

Between that and GPT, all of those millennials and old zoomers with their fancy college degrees are going to be put out on their asses where they belong. With no skills of any value to fall back on.



They'd better hone those beggar skills if Mommy and Daddy don't let them move back in.

--------------------------------------------------

Growing up in a Republic was nice... Shame we couldn't keep it.




Hehe...


While Silicon Valley Bank collapsed, top executive pushed ‘woke’ programs

https://nypost.com/2023/03/11/silicon-valley-bank-pushed-woke-programs
-ahead-of-collapse
/

Quote:

A head of risk management at Silicon Valley Bank spent considerable time spearheading multiple “woke” LGBTQ+ programs, including a “safe space” for coming out stories, as the firm catapulted toward collapse.

Jay Ersapah, the boss of Financial Risk Management at SVB’s UK branch, launched initiatives such as the company’s first month-long Pride campaign and a new blog emphasizing mental health awareness for LGBTQ+ youth.

“The phrase ‘you can’t be what you can’t see’ resonates with me,’” Ersapah was quoted as saying on the company website.

“As a queer person of color and a first-generation immigrant from a working-class background, there were not many role models for me to ‘see’ growing up.”

Her efforts as the company’s European LGBTQIA+ Employee Resource Group co-chair earned her a spot on SVB’s “outstanding LGBT+ Role Model Lists 2022,” a list shared in a company post just four months before the bank was shut down by federal authorities over liquidity fears.



You don't say.



Green, Woke, and Now Broke — How SVB Became the 2nd Biggest Bank Failure in U.S. History

https://www.breitbart.com/economy/2023/03/11/pinkerton-green-woke-and-
now-broke-how-svb-became-the-2nd-biggest-bank-failure-in-u-s-history
/

Yeah... This is going to kill ESG too. Good.



Tech execs race to save startups from 'extinction' after SVB collapse

https://www.msn.com/en-us/money/companies/tech-execs-race-to-save-star
tups-from-extinction-after-svb-collapse/ar-AA18w9dB


Quote:

Aiming to avoid what Garry Tan, the CEO of startup accelerator Y Combinator, called a potential "extinction level event" in the tech sector, industry executives moved quickly to do what they could to save small businesses.




--------------------------------------------------

Growing up in a Republic was nice... Shame we couldn't keep it.

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Sunday, March 12, 2023 10:37 AM

THG


Death of the dollar huh. The Chinese economy is in freefall and Russia has collapsed and is still falling. They're fucked for decades.

Death of the dollar my ass.


China Is Suffering A Major Financial Crisis

https://www.forbes.com/sites/miltonezrati/2022/10/03/china-is-sufferin
g-a-major-financial-crisis/?sh=2acf73af4775


T

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Sunday, March 12, 2023 10:44 AM

6IXSTRINGJACK


Quote:

Originally posted by THG:
Death of the dollar my ass.



Every once in a while Ted gets something right.

Nobody can be wrong all of the time.

--------------------------------------------------

Growing up in a Republic was nice... Shame we couldn't keep it.

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Sunday, March 12, 2023 10:53 AM

SECOND

The Joss Whedon script for Serenity, where Wash lives, is Serenity-190pages.pdf at https://www.mediafire.com/two


Quote:

Originally posted by 6IXSTRINGJACK:
Yellen is a Diversity Hire idiot.

I have seen your kind of behavior from every Trumptard I know, both the ones in important positions and the ones who are unemployed. You Trumptards never stop for a moment and make the connection between your stupid behavior and the mess you've made or will make. Instead, it is always somebody else's fault, not yours, for what happens. And so the majority of Trumptard Congressmen will not vote to raise the debt ceiling.

History of the United States debt ceiling
https://en.wikipedia.org/wiki/History_of_the_United_States_debt_ceilin
g


The Joss Whedon script for Serenity, where Wash lives, is Serenity-190pages.pdf at
https://www.mediafire.com/folder/1uwh75oa407q8/Firefly

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Monday, March 13, 2023 12:06 AM

6IXSTRINGJACK


Quote:

Originally posted by second:
Quote:

Originally posted by 6IXSTRINGJACK:
Yellen is a Diversity Hire idiot.

I have seen your kind of behavior from every Trumptard I know, both the ones in important positions and the ones who are unemployed. You Trumptards never stop for a moment and make the connection between your stupid behavior and the mess you've made or will make. Instead, it is always somebody else's fault, not yours, for what happens. And so the majority of Trumptard Congressmen will not vote to raise the debt ceiling.

History of the United States debt ceiling
https://en.wikipedia.org/wiki/History_of_the_United_States_debt_ceilin
g


The Joss Whedon script for Serenity, where Wash lives, is Serenity-190pages.pdf at
https://www.mediafire.com/folder/1uwh75oa407q8/Firefly



Shut the fuck up, idiot.

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Monday, March 13, 2023 9:35 AM

6IXSTRINGJACK


Signature Bank folds.

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