Financial crash thread (2022-2024)

[Caduceus]

People smart enough to make millions and millions of dollars in personal wealth, but at the same time also dumb enough they don't think to spread their savings over various institutions and different countries, instead just always putting everything they have in 1 single bank.

I'll never understand this huge dichotomy.



P.S.
The icing on the cake is that UBS is definetly NOT a safe place to park your "rescued" savings, considering all the problems they have had in past 24 months.

 

[Gimlet]

I don't understand these people. I am dirt poor compared to this guy, yet I have bank accounts between business and personal. And my mortgage is elsewhere. Why would a guy worth this much money have everything at one bank? Is my mother right, I am a genius?

 

[Road2Damascus]

People smart enough to make millions and millions of dollars in personal wealth, but at the same time also dumb enough they don't think to spread their savings over various institutions and different countries, instead just always putting everything they have in 1 single bank.

I'll never understand this huge dichotomy.



P.S.
The icing on the cake is that UBS is definetly NOT a safe place to park your "rescued" savings, considering all the problems they have had in past 24 months.

Because most of these people aren't smart at all. They're probably yes men with connections that caught a break to make all their money. Successful people seem to think they know the reason for their success, but they don't.

It's a huge fallacy that wealthy or famous people are smarter or more wise. It's only true in certain cases. You only have to look at the massive incompetence and bonehead moves they make on a daily basis (like this guy)

 

[rainy]

 

[paternos]

This world is so rotten.



Liquidity Group, an Israeli company, is effectively about to take over the bank of the US tech industry for pennies. Masked as emergency loans... We need to be thankful for the Jews saving "our" financial system with their loans...

Israel’s Liquidity Group to support Gulf startups with $500m | AGBI

Israel-based fintech and asset manager Liquidity Group aims to invest $500 million in businesses in the UAE and across the Middle East

www.agbi.com

I was jokingly putting this down this afternoon:

- Probably a "Salomon" will buy up SVB for pennies. Making a deal with the government on the depositors.

You can't believe it. Truth is worse than fantasy. The Ponzi just collapsed. "Investors" stayed away.

 

[Dusty]

 

[rainy]

 

[Thomas More]

View attachment 55889

Is this a parody account?

 

[Raskolnikov]

He's probably already been brought up here, but Anthony Migchels is pretty great at explaining that money problem from a perspective of usury, and how inflation and deflation are used as control mechanisms by the money changer elite.
His blog https://realcurrencies.wordpress.com/ also has some pearls, but unfortunately it hasn't been too active in the last two years.

 

[Roosh]

It looks like the woke virus is spreading everywhere, be it every corner of the federal government, schools and universities, the sports and entertainment complex, airlines and the rest of our transportation network, and of course corporate America. How much longer can we count in living in a stable, well-functioning society where meritocracy is dead and your only qualifications are which gender and race box you check?

This SVB failure may have hit Silicon Valley and a great portion of the tech start-up scene and we can say good riddance to the undoubtedly liberal and woke crowd impacted by it. But if there’s a contagion effect and an eventual economic collapse, the rest of us will suffer and maybe that’s the ultimate goal.

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

“These banks are badly run because everybody is focused on diversity and all of the woke issues and not concentrating on the one thing they should, which is, shareholder returns,” Marcu…

nypost.com

Possibly a diversion from plain-old greed, to blame some two-bit diversity executive instead of the real owners. Banks don't need woke-ness to collapse.

 

[Dusty]

 

[rainy]

I’d say 95% of execs in the banking industry don’t care one iota about wokeness and that enchilada. They leave that to the marketing department,

But make no mistake, the higher levels of the banking industry behind the scenes are as cutthroat and greedy as ever. And they’re not surrounded by woke leftists. They’re surrounded by clean cut, money hungry conservatives for the most part. There is little to no wokeness behind closed doors on Wall St for example. Diversity hires are in non-consequential positions.

Don’t be confused by PR.

 

[andy dufresne]

View attachment 55889

Was that a tongue in cheek stab at fempowerment? I wouldn't trust any woman with one red cent. God....I love being sexist sometimes.

 

[Dusty]

I’d say 95% of execs in the banking industry don’t care one iota about wokeness and that enchilada. They leave that to the marketing department,

But make no mistake, the higher levels of the banking industry behind the scenes are as cutthroat and greedy as ever. And they’re not surrounded by woke leftists. They’re surrounded by clean cut, money hungry conservatives for the most part. There is little to no wokeness behind closed doors on Wall St for example. Diversity hires are in non-consequential positions.

Don’t be confused by PR.

There’s a theory that wokeness emerged from the “occupy Wall Street” protests , where the bankers and the corporations shifted angst against greedy capitalist to race/gender/LGBTQWERTY etc. Then the bankers and wealthy give lip service to wokeness to keep the focus of left wing angst off them . It works, lefties love corporations now.

 

[paternos]

Possibly a diversion from plain-old greed, to blame some two-bit diversity executive instead of the real owners. Banks don't need woke-ness to collapse.

Totally, I think fighting "woke", "jan 6" and the "trans agenda" is the new neocon position.



I even had a family member telling me about "woke".

Politics is just games for the people. Anything to not have a substantial discussion about what matters:
- Monetary system (fractional reserve, fiat money, usury)
- State control via tax (via inflation, income, VAT, gas, food, import tariffs)
- Media (ownership, influence)
- Birthrates (Why don't people want kids? Essence of life?)
- War (Should we constantly create revolutions? And killing thousands across the world? Blow up pipelines?)
- Freedom (What does freedom mean? You own plot of land?)
- God (The essentialness of church?)
- Foreign policy (Should we force the world in constant trade barriers?)

Meanwhile "left" and "right" fight about Trans Kids and agree that no trans education will be given before 12, and if Jan 6 was an insurrection or not, and then a few people will be set free, or not, anyhow who cares, and women in top positions or not?, or blacks? it's all just stuff that arouses the lower spirits but which has no substantial impact. There is nothing to be won and nothing to be lost here.

Meanwhile a small group is controlling the topics above via media and puppets in politics.


Yeah we won Against Woke Hershey’s! Woohoo. Vote Republican. SHOCKING SUCCESS!

 

[eradicator]

 

[Raskolnikov]

There’s a theory that wokeness emerged from the “occupy Wall Street” protests , where the bankers and the corporations shifted angst against greedy capitalist to race/gender/LGBTQWERTY etc. Then the bankers and wealthy give lip service to wokeness to keep the focus of left wing angst off them . It works, lefties love corporations now.

Definitely true. Whenever you see economic research papers about inequality that utilize frameworks of intersectionality and all that garbage, a great deal of the funding comes from financial institutions. They push it and they are the first ones to adopt it formally.

Also, let's not kid ourselves. The money changers are also the ones who breed the leading woke professors. Like, biologically. It springs from the same well.

 

[Papaya]

I don't understand these people. I am dirt poor compared to this guy, yet I have bank accounts between business and personal. And my mortgage is elsewhere. Why would a guy worth this much money have everything at one bank? Is my mother right, I am a genius?

If youre playing with sufficient amounts of wealth you can get significant "perks" from senior / premier branch banker when you "bundle" debt and asset products. But youre right. People get complacent and hence lazy

 

[Papaya]

There’s a theory that wokeness emerged from the “occupy Wall Street” protests , where the bankers and the corporations shifted angst against greedy capitalist to race/gender/LGBTQWERTY etc. Then the bankers and wealthy give lip service to wokeness to keep the focus of left wing angst off them . It works, lefties love corporations now.

(((In other words )))

 

[paternos]

NR2 is down.