On Wire

Breaking news, updates, and reports on current events.

BANK RUN USA PANIC – Second USA Bank Collapses in 3 Days, Run of Withdrawals Causes Liquidity Crisis

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  First Republic, Western Alliance seek to calm contagion worries from SVB meltdown March 10 (Reuters) – U.S. lenders First Republic Bank (FRC.N) and Western Alliance (WAL.N) said on Friday their liquidity and deposits remained strong, aiming to calm investors worried of a spill-over of risks from troubled startup focused-bank SVB Financial Group (SIVB.O). Shares … Read more

Matt Higgins on Silicon Valley Bank: “This is a potential extinction level event. This is going to make FTX look like child’s play.”

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This is a potential extinction level event for many incredible companies. FTX was very painful but the economic consequences did not cascade throughout the broader economy. This is different. Boards are meeting through the wknd to determine how to make payroll. https://t.co/wamCWxhqy1 — Matt Higgins (@mhiggins) March 11, 2023 "This is going to make FTX … Read more

Bank of London is considering a rescue bid for the UK arm of Silicon Valley Bank.

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The Bank of London is exploring the possibility of assembling an offer for SVB UK as start-up founders warn Jeremy Hunt that its collapse will "cripple" the British tech sector. The Bank of London's new finance chief, Gavin Hewitt, was previously at SVB https://t.co/9AZpnRsEnX… — Mario Nawfal (@MarioNawfal) March 11, 2023 The Bank of London … Read more

2nd Biggest Bank Failure In U.S. History – “We Found Our Enron” – “On The Verge Of A Much Bigger Collapse Than 2008”

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by Michael The wait for the next “Lehman Brothers moment” is over.  On Friday, we witnessed the second biggest bank failure in U.S. history.  The stunning collapse of Silicon Valley Bank is shaking the financial world to the core.  As of the end of last year, the bank had 175 billion dollars in deposits, and … Read more

Wells Fargo Customers Have “Incorrect Balances And Missing Transactions” Due To An Absolutely Massive “Nationwide Computer Glitch”

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by Michael When it rains, it pours.  On the exact same day that we witnessed the second largest bank failure in U.S. history, Wells Fargo experienced an unprecedented nationwide computer glitch that caused countless numbers of account holders to have “incorrect balances” and “missing transactions”.  This is yet another example that demonstrates why it is never … Read more

Panic in the STREET: One Bank Crashes, A Bigger One RUNS for its life, and Suddenly it’s Panic on Wall Street.

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by David Haggith Just when you have figured out what you’re going to write about for the next day, along comes major morning news that sweeps away your plans. Today was such a day, and readers of The Daily Doom, who get the morning news articles that become seeds for my own articles, may want to skip … Read more

The FED Is Breaking the Economy on Purpose

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by Chris Black The banking cabal ruling the world uses a very simple trick to dazzle the goyim: since they have total control over the money supply, i.e. they literally print money out of thin air via fractional reserve banking and QE, then they lend the money with interest, they are creating boom and bust … Read more

Central Bank Digital Currency Is the Endgame Of Total Control

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by Chris Black Do you think what’s happening with the financial system since the 2008 meltdown is basically just the FED doing stupid things because they don’t understand their main and only job? Think again. World’s central banks are working together to establish complete global dominance by destroying the current (FIAT) financial system that they … Read more

Bank Contagion? First SVB Crashes, Now First Republic Bank (Down -28% At Open)

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by confoundedinterest17 Ah, memories! I still remember the 2000s housing bubble and subsequent financial crisis and bank bailout from 2008/2009 like it was yesterday. And I remember Representative Barney Frank (D-MA) claiming that the Dodd-Frank legislation would end bank bailouts. I laughed out loud when I heard Mr. Frank utter those preposterous words. Now here we are again … Read more

Jim Cramer recommended SVB stock a month ago

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One month ago, Jim Cramer urged investors to buy Silicon Valley Bank stock $SIVB, saying it was "still cheap" and has "room to run." The stock's value has since dropped by 66% following concerns that the bank is on the brink of collapsing. pic.twitter.com/5jgjqTGxld — Watcher.Guru (@WatcherGuru) March 10, 2023

Sound Money Bills Moving Forward Rapidly in Many States

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by: Stefan Gleason Because there is so much activity happening at the state level with respect to sound money legislation, here is a quick update on some of the most important bills that are currently pending. SALES TAX REMOVAL First and foremost, as to repealing precious metals sales taxes, bills in Mississippi and Kentucky are moving forward quickly. And they … Read more

J6 Sedition Trial Halted After Leaked Chat Logs Show FBI Agent Said Her Boss Ordered Her to ‘Destroy Evidence’

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(InformationLiberation) The feds’ political persecution of the [Bad] Boys took a wild turn after unintentionally leaked chat logs from FBI Special Agent Nicole Miller revealed she said she was ordered by her boss to “destroy” “338 items of evidence.” The leaked chats also suggest Miller failed to reveal relevant communications to the defense, potentially spied … Read more

SVB BANK CLOSED BY CALIFORNIA REGULATOR… MASSIVE CRASHING OF BANKS UNDERWAY!

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MASSIVE CRASHING OF BANKS UNDERWAY ### — The_Real_Fly (@The_Real_Fly) March 10, 2023 *FDIC: SVB BANK CLOSED BY CALIFORNIA REGULATOR — zerohedge (@zerohedge) March 10, 2023 FDIC says $SVIB now closed by California regulators. Deposits will be covered. Bank had $209B in assets. — Markets & Mayhem (@Mayhem4Markets) March 10, 2023 Live view of Silicon Valley … Read more

February Jobs Report Comes In Hot, Hot, Hot (Avg Hourly Earnings UP 4.6% YoY, Too Bad Inflation Is At 6.4% YoY)

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by confoundedinterest17 According to the US Bureau of Labor Statistics (BLS)https://www.bls.gov/news.release/empsit.nr0.htm, the February jobs report came in hot, hot, hot. One indicator that the Biden Administration will herald is that average hourly earnings rose to 4.6% Year-over-year (YoY). Too bad headline inflation is still at a whopping 6.4% YoY. More jobs were added to the US … Read more