Financial Armageddon!!

[chook]

This made me laugh, good to keep a sense of humour in these times.

[chook]

Big big problems now for Powell and co, do they keep tightening or now print?

We all new this was going to happen, was never going to be any escape, anywhere to run from printing to oblivion since 2008..

Few understand this (thks michael Gayad ha ha)

Whatever they do they are screwed.. they will try as a last gasp to print themselves out of this as that is what they have always done.. but this time will be different..

If you think everything will come up smelling of roses you are delusional..

Are you prepared.. ARE YOU?

[chook]

Is that link correct? SIVB down 85% in one day? Wtf
Biggest bank collapse since the global financial crisis in 08, something was bound to break with J Powell going crazy over tightening interest rates.

Big big problems now for Powell and co, do they keep tightening or now print?

We all new this was going to happen, was never going to be any escape, anywhere to run from printing to oblivion since 2008..

Few understand this (thks michael Gayad ha ha)

[chook]

Is that link correct? SIVB down 85% in one day? Wtf
Biggest bank collapse since the global financial crisis in 08, something was bound to break with J Powell going crazy over tightening interest rates.

Yes $500 Billion gone combined in the banks in last 48 hours

2 Trillion gone in crypto & stocks in last 48 hrs

Remember..This thing is going down and its going down big!

[donna]

^^ SVB is done - it’s an investment bank

[Frezzinghot]

Where’s the popcorn

[Jeffa]

BIG trouble in US Banking right now..

Silvergate down over 90% and is now bankrupt last few days..

Now we have:

SILICON VALLY BANK DOWN 60% TODAY
$SIVB FIRST REPULIC BANK IS DOWN 31% TODAY
$FRC SIGNATURE BANK IS DOWN 21% TODAY
SBNY ALL 3 BANK STOCKS ARE CURRENTLY HALTED THESE 3 BANKS COMBINED HAVE NEARLY $500 BILLION DOLLARS IN DEPOSITS

Is this the beginning of Lehman meltdown moment number 2?

Hold on tight!

Is that link correct? SIVB down 85% in one day? Wtf
Biggest bank collapse since the global financial crisis in 08, something was bound to break with J Powell going crazy over tightening interest rates.

[chook]

BIG trouble in US Banking right now..

Silvergate down over 90% and is now bankrupt last few days..

Now we have:

SILICON VALLY BANK DOWN 60% TODAY
$SIVB FIRST REPULIC BANK IS DOWN 31% TODAY
$FRC SIGNATURE BANK IS DOWN 21% TODAY
SBNY ALL 3 BANK STOCKS ARE CURRENTLY HALTED THESE 3 BANKS COMBINED HAVE NEARLY $500 BILLION DOLLARS IN DEPOSITS

Is this the beginning of Lehman meltdown moment number 2?

Hold on tight!

[Jeffa]

Sam Bankrupt Fried (Ass) has been finally arrested and given no bail. the fairy tale is over for the scammer who lost a lot of peoples money. He has been remanded to Bahama prison. (One of the 5 worst in the world)

He will possibly get life in prison.

Crypto is being withdrawn from world exchanges at a rapid rate, this ponzi scheme is collapsing, we are talking Trillions of dollars.

Expect a lot more Crypto casualties moving forward.

The snowball continues to roll down the mountain getting bigger....

Or perhaps its an opportunity for governments to have further control, it was cryptocurrencies that kept the Canadian trucking protestors able to feed there families when Trudeau cut access to there bank accounts

That crook Backman Fried is going to be an excuse for more regulation and control over the slaves.

https://youtube.com/shorts/d3uFq1k5ub8?feature=share

[Chris W]

The deficit between what we get from our exports and what we spend on imports has, on an annual basis, grown to its highest ever level.

Statistics New Zealand reported that our annual current account deficit to September was 7.9% of GDP, which beat the previous high of 7.8% recorded during the Global Financial Crisis in December 2008.

In dollar terms, the deficit between import spending and export receipts was some $29.7 billion, up by $13.3 billion from the year-ago figure.

In dollar terms the deficit is way higher than seen previously. For example that previous high of deficit to GDP from 2008 related to a dollar deficit of just $14.7 billion.

New Zealand’s Top 10 Imports


The following product groups represent the highest dollar value in New Zealand’s import purchases during 2021. Also shown is the percentage share each product category represents in terms of overall imports into New Zealand.

1. Vehicles: US$7.2 billion (14.5% of total imports)
2. Machinery including computers: $6.9 billion (14%)
3. Electrical machinery, equipment: $4.4 billion (8.8%)
4. Mineral fuels including oil: $3.9 billion (7.9%)
5. Plastics, plastic articles: $2 billion (4.1%)
6. Optical, technical, medical apparatus: $1.6 billion (3.3%)
7. Pharmaceuticals: $1.4 billion (2.9%)
8. Articles of iron or steel: $1.2 billion (2.4%)
9. Furniture, bedding, lighting, signs, prefabricated buildings: $1.1 billion (2.3%)
10. Food industry waste, animal fodder: $975.2 million (2%)

[Engineer]

Grant Robusum and Mahuta the looter have their fingerprints all over this.


The deficit between what we get from our exports and what we spend on imports has, on an annual basis, grown to its highest ever level.

Statistics New Zealand reported that our annual current account deficit to September was 7.9% of GDP, which beat the previous high of 7.8% recorded during the Global Financial Crisis in December 2008.

In dollar terms, the deficit between import spending and export receipts was some $29.7 billion, up by $13.3 billion from the year-ago figure.

In dollar terms the deficit is way higher than seen previously. For example that previous high of deficit to GDP from 2008 related to a dollar deficit of just $14.7 billion.

[chook]

Sam Bankrupt Fried (Ass) has been finally arrested and given no bail. the fairy tale is over for the scammer who lost a lot of peoples money. He has been remanded to Bahama prison. (One of the 5 worst in the world)

He will possibly get life in prison.

Crypto is being withdrawn from world exchanges at a rapid rate, this ponzi scheme is collapsing, we are talking Trillions of dollars.

Expect a lot more Crypto casualties moving forward.

The snowball continues to roll down the mountain getting bigger....

[chook]

Do you understand this,...Few do..

[Engineer]

The credit crunch has been crap for my values but great for my cashflow, who cares!

A good disaster certainly helps focus the mind.
Spent most of the day running cashflow models out to 2025.
All good, but much prefer the spend as much as you want whenever you want version of life.

[Jeffa]

Withdrawals from FTX have been frozen.. expect from the Bahamas.

Unlikely Fed will bail out a crypto exchange platform.