If you're wondering where bank stocks are going to land amidst the SVB meltdown, you shouldn't be thinking "how are the dollar counters going to count dollars out of this one?"

You should be thinking "what are the glow in the darks going to do to prop up crude oil next?"

Banks can all survive eating massive losses on bonds if they just call up the CIA and get them to bump crude oil to $100 real quick.

Dogeater bros...

https://www.theinformation.com/articles/silicon-valley-banks-troubles-threaten-a-key-bridge-between-chinese-startups-and-u-s-investors

LOL

Man I wonder why this bank is insolvent

A really funny part of the SVB story is that if VC firms lost LP funds in the blowup, a lot of those people are Saudi royals, Russian mafia, oil barons, extremely wealthy Jews, the CIA itself, etc. People who it is really funny when they lose money, and who will also probably kill the bankers who lost them their money, which is also funny.

TOTAL SHAPE ROTATOR DEATH the wordcels will inherit the Earth.

over the course of 2-3 years techbros went from "have fun staying poor" to "I have literally $0 in my bank account."

glorious.

I wish I'd have borrowed money from Silicon Valley Bank.

early stage startups are HIGH RISK. everyone getting burned by SVB were accredited investors who should have understood the risks associated with their investments and where the cash was being banked, including the risk of a bank run. NO BAILOUTS.

Remember the 500 Israeli CEOs.

WITH YOUR FEET ON THE AIR AND YOUR HEAD ON THE GROUND

USDC is managed by Circle.

Lol, circle.

Get woke go broke

I kind of want to go to SF and just check out the atmosphere right now. Are tires rolling through the streets on fire? Are bankers hanging from lamp posts along sand hill road? What's going on I want to know.

It's a weird mix of ennui and schadenfreude that I know like half of my enemies lost all their money yesterday but I'm not sure which.

Silicon Valley Bank had heavy investment from the Chinese Communist Party and banked a lot of Chinese VCs/startups. The bank run seems to have been kicked off by Peter Thiel. Deliberate US action against China?

https://www.youtube.com/watch?v=4_xQ5JisFuo&t=2576s

🎤 VM | Moving Into the Fully Digitized Avatar World

>face filters, from Snapchat Dogface to the new TikTok Whorefilter
>ultimate goal of the covid operation
>tracking and surveillance and deepfakes, oh my
>every single new event or technology leads to a more digitized world
>ultimate digital domain indistinguishable from base material reality

March 11th, 2023

@AltSkull48

a lot of people don't understand how small changes in interest rates make big impacts. here you can see how a $100 bond bought at a 2% interest rate loses 25% of its value if the interest rate rises 3%.

I don't expect the Silicon Valley Bank meltdown to spread far to regional banks. For a few reasons:

#1 - Unique banking conditions. SVB was large by deposit size but served a very small clique of people. There are less VCs in the US than there are active players in the NBA, these are the primary customers of SVB. Few people actually know anyone who lost money in SVB even if it was a massive amount of money lost.

#2 - Big foreign entanglements. A lot of these deposits were from Chinese/Israeli individuals/companies. The sting of the money loss isn't going to be felt widely in America, to get people to reconsider their own banking relationships, and getting Congress to bail the bank out would be an incredibly hard sell.

#3 - The big 4 banks are terrible. Banking with Citi/Bank of America is like going to Walmart for your bank. Wells Fargo is a laughing stock. JPMorgan is a halfway decent bank that is ran by sadistic pedophiles. People who are not already banking with a big 4 bank do not want to, does anyone really think their money is safer with Wells Fargo than at another bank?

In the end it will just be funny. A bunch of Jews, slants and street shitters lost their asses while pretending to be masters in managing money.

Big Normie is not going to wake up Monday and say oh wow Vinod Khosla lost money? Better take my money out of the bank.

SVB deposit certificates are currently trading for 60 cents on the dollar in private markets according to the latest rumors.