Collapse of Silicon Valley Bank Explained

GURPS

INGSOC
PREMO Member
🔥 It didn’t take long to begin finding the diversity hires involved in the toppling of the first domino at Silicon Valley Bank, which pitched over faster than Mitch McConnell going down stairs at a swanky fund raiser. Meet Jay Ersapah, SVB’s queer diversity hire in charge of “Financial Risk Management.”



It looks like Ms. Ersapah was possibly more focused on sharing her queer sexual experiences than managing risk, but what do I know?

I know what you’re thinking. Ms. Ersapah might not have been qualified to manage risk for the bank, she had dark melanin, atypical sexual pursuits, and DIVERSITY EQUITY AND INCLUSION. Don’t be racist.

So.



 

spr1975wshs

Mostly settled in...
Ad Free Experience
Patron
Lowe's calls them Business Resource Groups, and of course, there isn't one for folks of predominant European ancestry.
 

LightRoasted

If I may ...
For your consideration ...

About those banks ........

The whole central banker monetary situation is insane. If you pay close attention to a “dollar bill”, it doesn’t say that you are holding a dollar, it says that the Federal Reserve owes you a dollar. They have taken possession of your wealth, and or labor, and given you an IOU in exchange. Now, you can use this little note to trade with other people for their wealth or labor. But ultimately, all dollar bill holders are creditors to the Fed.

Usually creditors get paid interest. But the Fed actually collects fees from its creditors (the US government and its citizens). It does this first through inflation, which occurs because the Fed can continue issuing currency (dollar bills) even though it no longer receives equivalent wealth in exchange. This lowers the value of all dollar bills in existence. Furthermore, the Fed charges interest on all the dollar bills it provides. So the Fed gives its customers a bunch of IOU notes and in exchange the customers must eventually give back even more IOU notes.

Think about what a BILL is. A bill is either proof that you have paid money, or a demand to pay money. It, in itself, is not money. It is the absence of money. Every single dollar bill is a unit of debt. Meaning, the Fed should pay interest to those who hold dollar bills and not the other way around.

The legacy of the Fed is clear. They have stolen 99% of the value of all dollars and replaced it with a sea of dollar bills. This process is still unfolding, and when the music stops, anyone left holding dollar bills will find themselves without a chair to sit on.

Those bills aren’t going anywhere. They’ve already been made, and they’re intrinsically useless because they have always been intended to commit fraud. Hyperinflation cometh. Old dollar bill debts will become trifles. Think about what a loan from a bank to a customer is. The bank is trading dollar bills for the future wealth of the customer. The bank takes this hypothetical future wealth and treats it as an asset. Meanwhile the customer pays interest for the privilege of giving their future to the bank. Under hyperinflation such old debts become meaningless. But nobody gains under hyperinflation. It is the last extraction of wealth by the debt currency before the currency dies completely. Then we can have all the dollar bills in the world, but not even a single actual dollar. We will be poor.

Get rid of all your dollar bills!
 

HemiHauler

Well-Known Member
For your consideration ...

About those banks ........

The whole central banker monetary situation is insane. If you pay close attention to a “dollar bill”, it doesn’t say that you are holding a dollar, it says that the Federal Reserve owes you a dollar. They have taken possession of your wealth, and or labor, and given you an IOU in exchange. Now, you can use this little note to trade with other people for their wealth or labor. But ultimately, all dollar bill holders are creditors to the Fed.

Usually creditors get paid interest. But the Fed actually collects fees from its creditors (the US government and its citizens). It does this first through inflation, which occurs because the Fed can continue issuing currency (dollar bills) even though it no longer receives equivalent wealth in exchange. This lowers the value of all dollar bills in existence. Furthermore, the Fed charges interest on all the dollar bills it provides. So the Fed gives its customers a bunch of IOU notes and in exchange the customers must eventually give back even more IOU notes.

Think about what a BILL is. A bill is either proof that you have paid money, or a demand to pay money. It, in itself, is not money. It is the absence of money. Every single dollar bill is a unit of debt. Meaning, the Fed should pay interest to those who hold dollar bills and not the other way around.

The legacy of the Fed is clear. They have stolen 99% of the value of all dollars and replaced it with a sea of dollar bills. This process is still unfolding, and when the music stops, anyone left holding dollar bills will find themselves without a chair to sit on.

Those bills aren’t going anywhere. They’ve already been made, and they’re intrinsically useless because they have always been intended to commit fraud. Hyperinflation cometh. Old dollar bill debts will become trifles. Think about what a loan from a bank to a customer is. The bank is trading dollar bills for the future wealth of the customer. The bank takes this hypothetical future wealth and treats it as an asset. Meanwhile the customer pays interest for the privilege of giving their future to the bank. Under hyperinflation such old debts become meaningless. But nobody gains under hyperinflation. It is the last extraction of wealth by the debt currency before the currency dies completely. Then we can have all the dollar bills in the world, but not even a single actual dollar. We will be poor.

Get rid of all your dollar bills!

My dude, I’ve been listening to folks portend the end of all that is good any holy using language not dissimilar to this for more that forty years.

But this time is serious, amirite?
 

SamSpade

Well-Known Member
My dude, I’ve been listening to folks portend the end of all that is good any holy using language not dissimilar to this for more that forty years.

But this time is serious, amirite?
Gotta say, you're on a roll. This banking situation is not the end of the world. It's essentially a scare.
 

LightRoasted

If I may ...
For your consideration ...

My dude, I’ve been listening to folks portend the end of all that is good any holy using language not dissimilar to this for more that forty years. But this time is serious, amirite?

Yeah well. It's a slow motion train wreak that is occurring. Same as has happened in Chile 1971-1981. Argentina 1975-1992. Peru 1988-1991. Angola 1991 – 1999. Yugoslavia 1992-1995. Belarus 1994-2002. Peru 1988-1991. Zimbabwe 2000-2009. Our timeline is longer due to our size as well as having 50 states to contend with. In addition to having vast resources which are slowing being depleted.

And in those 40 years, things have gotten demonstrably worse here.

These things take time. Just as it has taken the Fed to destroy our currency's value over 99% since 1913 as well as causing and funding wars on both sides, and poverty, and homelessness. Basically making America a foggy disappearing shadow of itself. The united States is dying.

You know it and I know it.
 

LightRoasted

If I may ...
For your consideration ...

“All crises have involved debt that, in one fashion or another, has become dangerously out of scale in relation to the underlying means of payment.” John K. Galbraith (1908-2006), Canadian-born American economist, (in ‘A Short History of Financial Euphoria’ 1994).

“History shows that once an enormous debt has been incurred by a nation, there are only two ways to solve it: one is simply declare bankruptcy, the other is to inflate the currency and thus destroy the wealth of ordinary citizens.” Adam Smith (1723-1790), Scottish economist, father of modern economics, (in ‘The Wealth of Nations’, 1776).

“Inflation is always and everywhere a monetary phenomenon in the sense that it is and can be produced only by a more rapid increase in the quantity of money than in output.” Milton Friedman (1912-2006), (in ‘The Counter-Revolution in Monetary Theory’, 1970).
 

Clem72

Well-Known Member
For your consideration ...



Yeah well. It's a slow motion train wreak that is occurring. Same as has happened in Chile 1971-1981. Argentina 1975-1992. Peru 1988-1991. Angola 1991 – 1999. Yugoslavia 1992-1995. Belarus 1994-2002. Peru 1988-1991. Zimbabwe 2000-2009. Our timeline is longer due to our size as well as having 50 states to contend with. In addition to having vast resources which are slowing being depleted.
Dang, didn't realize you were such an international finance and monetary policy expert and historian.
 

LightRoasted

If I may ...
For your consideration ...

Dang, didn't realize you were such an international finance and monetary policy expert and historian.

Learn som'tin new ever'a day doncha?

Every time those satan worshiping international tribal banksters decide to wreck the economy and clean out the stock market, these bastards make a fortune. The owner’s of the fed and their investment bank co-conspirators, manipulate the price on everything, precious metals, stocks and bonds, real estate, as well as commoditize food, medicine, education, literally anything we need in order to live. They purposely blow these asset bubbles, just so they can purposefully pop them when they mature. These satanic worshiping master’s of the universe then claim total ignorance of the situation, even though it is their only job to ensure this does not happen. The big boys all get out at the top of the market while the 401k crowd gets left holding the bag. The assets of the failed businesses, get scooped up for pennies on the dollar. Why is it so hard to understand that a satan worshiping international tribal private bank, that’s paid 5% off the top of the debt they create for us, has no intention of paying off or even decreasing the deficit. They have forced the entire country into debt slavery, to benefit these satan worshiping bankster oligarchs. No matter the outcome of this impending recession/depression, they will have enriched themselves at our expense once again.

"We" have been steered, cajoled, instigated, encouraged, pushed, engineered, incentivised, indoctrinated, groomed, from the cradle, and robbed for going along with the whole thing at the pace of real time, real life, like watching paint dry, or water wearing away rock. The little person who lives to maybe 80+/- years has no ability to SEE the gradual changes being DONE TO THEM and their country. So it's no accident that we are as insouciant and clueless as our upbringing and education (by design) has resulted in. And, we are so pathetically predictable.

But not all of us. And those that do not listen to the warnings, the detailed explanations, of how this Nation has been compromised, and by whom, and continue to believe the lies that are told on a daily basis, do so at their own peril. You, will have only yourselves to blame.
 
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