Reacting to the collapse of Silicon Valley Financial institution and fears concerning the banking system on “Forbes Newsroom,” Steve Forbes appeared to historical past to gauge whether or not we face one other 2008-like monetary collapse.
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No it’s obviously going to be worse. This is still being down played, even by the people warning us. Prepare yourselves people, this is going to years of damage still to come.
Weimar America.
Surprised? It's deja vu looking back at the O'Biden Failministration.
But the law says $250,000 for each person it’s insured my opinion we have Nancy Pelosi’s probably got money into that bank. The owner of Facebook is probably got money into that bank. He’s just helping the very wealthy out Joe Biden that is crooked as hell. There’s a law that says it covers $250,000 for each person that’s in the bank that’s why more people spread their money out and put it in different banks so the middle class the poor people and everybody in the United States is going to pay for this because they got a print money to do the cover this because there’s one $200 billion in there we’re gonna pay for see we have a dirty president and a dirty government and their Biden side is my opinion he’s got friends that have a lot of money in there and that needs to be investigated immediately. And the feds have caused this. The Biden group has caused this. No doubt in my mind. We have a crooked president. The 10% big guy.
Translation= is US government thinking of ROBBING Americans again…..
All these Politicians and Leaders Are All con artist.
*We are & *1928
No one is stupider than Joe Biden voters.
We need Trump!
Why did you ever wonder?
You gotta love Lyin' Joe Biden!!! F……………………..J…………………………….B!!! Mr.. Potato will call this Putin's Price Hike!!! 🤣😂🤣
Revolutionary War
Trump and republicans took away regulations on these banks.blame yourselves republicans.biden is saving your asses
Svb, best of the year. FQ
So, what’s different about the claim THIS time?
so you haven't learned anything since 2008?
I think what Mr. Forbes misses here, is that brandon and his accolytes are doing this mess ON PURPOSE!! They don’t give a flea’s fart to whatever consequences their actions will be! They eant to destroy the country to enrich their bosses, the chinese!
This banking collapse is being brought to you by Barney Frank the man that wrote the Frank Dodd bill to prevent crap like this from ever happening again. He was on the board of SBV.
Well right wingers you wanted them to loosen the rules on smaller regional banks. You passed legislation in 2018 that did. You even got some democrats to go along with you and this is the result. I know it kills you to admit Elizabeth Warren was right but it's obvious she was.
Worse. The petrodollar is being dumped. The US dollar will no longer be the base currency. BRICS rules. Look at BRICS enrollment. The US dollar will be worthless.
SVB has been renamed to ESG. ESG replaces basic competence. If your bank is ESG, get your money out ASAP
Jesus Christ is coming! If you don't see that open your eyes! Warren Buffett does not know the future!
No it’s far worse! 1984 on steroids
Republican party rolled back regulations for Corporate America in 2018. Remember they want less government so Corporate America can control more of America.
RHINO, TRAITOR HE NEEDS TO GO
This collapse will be at least ten times, and likely twenty times worse than 2008.
Why do I feel like this next collapse will make 2008 look like a head cold compared to the cancer that is coming.
Go woahk, go broahk
There's a tax on air we breathe. Why we are going broke is the concern ! It's a recession! Admit it !
This is worsted than that because biden is doing this on purpose, I mean open your eyes every single thing he has done is a direct blow to AMERICA ,WE THE PEOPLE, NEED TO DEMAND HIS IMPEACHMENT, BEFORE THERE'S NO MORE AMERICA AS WE KNOW IT, GET READY TO FIGHT BECAUSE BIDEN LEFT THE DOOR OPEN AND CHINA IS ON HER WAY BIDEN IS THE BIGGEST TRAITOR TO AMERICA, AMERICAN'S HAVE EVER SEEN
Problem, Reaction, Solution…..small banks fail so everyone runs to Tier One Banks which are controlled by The Cult. Same playbook as Amazon. Herding the sheeple 😴, now Go back to sleep
I'm hoping for financial crisis. Its always nice to see the wealthy suffer and lose
Interesting accounting, but there may not be an actual loss since Fed just changed the rules.
If you bought treasuries @ par (100) when interest rates were lower but are now worth 60 due to higher interest rates on new treasuries. If you need cash now, you have to sell those bonds at a loss. Instead, the fed now provides loans @100% face value (not market value), so those bonds don't have to be sold at a loss, hang onto those bonds until maturity when you get the 100% back , then pay off that new fed loan. There will be interest charged on these new fed loans at current rates, that interest expense is not a big deal, just an operational expense and tax deduction for the banks. Key is, that banks don't have to sell existing treasuries at a loss, just pay interest on new loans, then pay off loans as treasuries reach maturity. This solution is really slick. Banks could have avoided problem by keeping higher percentage of their assets in cash. Never invest 100% of your money, keep enough cash for a couple years.
Thank you Lord Jesus for the gift of life and blessings to me and my family $14,120.47 weekly profit our lord Jesus have lifted up my Life!!!🙏❤️❤️
FRACTIONAL BANKING IS A CRIME OF HIGH INFLATION.
I heard capitol one is closing. Should we all pull our money out ?