I knew that the Fed is a private bank, but did you know they recently got a taste of their own medicine and might think twice before they screw themselves? Fed Gets a Dose of Its Own Medicine. Rate Hikes Have Dried Up Its Income Stream. The problem, which few people know about, is that the Fed’s own income stream has been vaporized by the interest rate increases that it’s been imposing for the past year to try to tamp down inflation. In a wonderful example of irony, those rate increases have caused the Fed to suffer billions of dollars in operating losses. Bank for International Settlements - Wikipedia Established 17 May 1930; 92 years ago The BIS was originally intended to facilitate reparations imposed on Germany by the Treaty of Versailles after World War I It doesn't seem to discount my point. Yes, they're out of touch, and so is the idea that we need a centrally planned bureaucracy. The money for the "alphabet soup" comes from concerned citizens and changed attitudes. Not a secret agenda. They're out-of-touch institutions. The kids may have attended meetings at resort locations for a feel-good vacation. Still, as science nears an understanding of net-positive fusion power, and unearths the final secrets of the quantum realm, we may soon enter an era where we can pull actual free resources out of the universe, and scarcity and the need to ration rare and limited resources in the economy comes to an end and is no longer needed.
Since everything seems to be a happy accident in your view, you can look forward to many more happy accidents that will end with digital currency and central planning controls on your life. Good luck to you, you're gonna need it.
Central planning is an idea as old as Marxism and as dated. Economics is an idea of how to divide up limited resources. Unlimited resources -- and I keep alert to the science news for a Unified Field Theory -- makes a free lunch possible and removes the need for economic controls.
Are you sure that it has nothing to do with woke capitalism? Another bank is falling.... in this case it is a bank headed by a cross-dressing man. Dude is going to end up destroying the lives of millions but he will of course be the victim.... because he has a sexual kink around dressing like a woman. There is definitely a trend starting to come out..... woke bankers are not good bankers. Let them fail. Note the way the left has mangled the language so badly that the Wikipedia article is garbled and unintelligible dribble.
They are doing far less for banks this round than they did under a Republican in 2008 — banks are not being bailed out but they are trying to make sure the depositors are not wiped out. I don’t really know what you are asking about Credit Susie — which is based in Zürich. Other than to scream some bigoted nonsense. Why does it matter so intensely to you how other people people dress? He also isn’t the head of the bank, he’s the head of a department within the bank.
Who teached you, lol... Sounds like you are going to embrace digital currency, universal healthcare, no fossil fuels, central planning, etc?? What could possibly go wrong??
Where do you come up with this stuff? I didn't say I was for any of that. Well, I would like universal healthcare. It's about time people could walk into a doctor's office without having to worry about how to pay first. I would support it as long as a private insurance option exists. And digital currency, I don't like that kind of invasion of privacy at all. I also use physical cash and wouldn't want to part with it. Fossil fuels aren't going anywhere, and even if they were, we have plenty of other uses for oil even in 'green' machinery. I have no experience with central planning, but it sounds like it would be inefficient and inflexible. Unable to deal with changes and not even meeting current demand.
Fair enough... In the end it doesn't matter what you and I want, it doesn't matter what We The People want. I know you don't see it, but the fix is in from above. I've known it for 40 years, and while others are slowly beginning to read the writing on the wall, it's much too little, much too late. Our Constitution will be gone by 2030 - you can bank on it. Pun intended
CULTURE OF CORRUPTION: Here Are the Tech Companies, Liberal Media Outlets, and Prominent Democrats Saved by Biden’s Bank Bailout. RICH LEFTWING GENTRY DEPOSITORS, MOST HOLDING WELL ABOVE THE $250K FDIC LIMIT 'average Americans won't benefit the most from the bailout. Ninety-three percent of the bank’s depositors kept more than $250,000 in the bank.' Gavin Newson 'California Gov. Gavin Newsom’s (D.) trio of wineries are clients of the failed financial institution, as is the governor himself. He has maintained personal accounts at the failed bank for years, the Intercept reported, citing a former Newsom aide. Newsom’s efforts to rescue Silicon Valley Bank’s clients could also put him on the wrong side of the law. California law prohibits elected officials from influencing official matters in which "the official has a financial interest," Insider reported.' WHO CARES? HE'S PRIVILEGED AND MADE BuzzFeed Leftwing 'online media company BuzzFeed revealed to investors Monday that it held $56 million in cash and cash equivalents as of the end of 2022, the majority of which was held at Silicon Valley Bank. The news capped off a not-so-banner 2022 fiscal year for BuzzFeed, in which the company weathered a net loss of $201.3 million, laid off 40 percent of its newsroom, and saw its stock price plummet by 90 percent.' Vox Media 'Vox Media, the parent company of dozens of liberal news companies including Vox, New York magazine, the Verge, and Polygon, disclosed in news stories that it banked with Silicon Valley Bank before its collapse.' Black Lives Matter 'Silicon Valley Bank and its employees contributed more than $73 million to the Black Lives Matter movement and related causes since 2020, according to a database maintained by the Claremont Institute.' The Green Energy Racket 'Silicon Valley Bank’s failure could have delivered a seismic blow to the climate change industry and the more than 1,550 technology companies that specialize in solar, hydrogen, and battery storage solutions that held funds at the bank, had Biden not bailed the institution out.'
MarketWatch is claiming SVB did not donate to BLM-related causes and I posted that in the Political Opinions forum silicon valley bank thread.
At your prompting, I checked the data base that https://freebeacon.com/biden-admini...inent-democrats-saved-by-bidens-bank-bailout/ included that was supposed to back up their claim, but when I keyword searched the docs for BLM and Black LIves, it returned no results. I contacted the author for explanation, I'll post the response if I get one.
If it is true that Silicon was a major contributor to the Democrats, then I can see why Biden paid them back with a bailout.