by Chris Black
For you zoomers too young to remember 2008, this is how it starts:
When the SEC calls around, it’s usually too late already.
This is basically a slow motion mathematical train wreck.
There’s always the possibility of printing more fiat, and inflation will go berserk, but that’s how it works.
The alternative is a hard recession and massive federal spending cuts. It would be wonderful for the peasants after a bad year or two as asset prices return to sane levels, but horrible for the wealthy and federal parasite class.
In other words, not gonna happen.
Remember: usury is a sin, but it’s our fault, as we chose to live in a Godless world.
BREAKING: Silicon Valley Bank $SIVB online banking system and mobile services are now unavailable for business clients.
The stock is down over 80% today alone. pic.twitter.com/oJ1sSyLXnV
— Stock Talk Weekly (@stocktalkweekly) March 9, 2023
An explainer on what is going on with Silicon Valley Bank:
– In 2021 SVB saw a mass influx in deposits, which jumped from $61.76bn at the end of 2019 to $189.20bn at the end of 2021.
– As deposits grew, SVB could not grow their loan book fast enough to generate the yield they… t.co/xHDc4ebvsr
— Jamie Quint (@jamiequint) March 9, 2023
Silicon Valley Bank $SIVB -54% today 😳
𝗥𝗲𝗺𝗶𝗻𝗱𝗲𝗿: it's rarely good when price hits the volume bars. pic.twitter.com/aullCwj66f
— TradingView (@tradingview) March 9, 2023
Only a tiny percentage of #VC funding goes to female-led businesses.
We sat down with @triinlinamagi of @sieventures to discuss the opportunities that come with backing diverse founding teams. #diversity #founders #startups
t.co/5K4PKPv6Pg— Silicon Valley Bank UK (@SVB_UK) March 6, 2023
Who is next ??? 😥 pic.twitter.com/ttOYK7d36l
— Wall Street Silver (@WallStreetSilv) March 9, 2023