Ftx Crypto - Cryptocurrency Collapses ~articles & Videos - Svb - Silvergate Failures

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  1. CULCULCAN

    CULCULCAN The Final Synthesis - isbn 978-0-9939480-0-8 Staff Member

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  2. CULCULCAN

    CULCULCAN The Final Synthesis - isbn 978-0-9939480-0-8 Staff Member

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  3. CULCULCAN

    CULCULCAN The Final Synthesis - isbn 978-0-9939480-0-8 Staff Member

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  4. CULCULCAN

    CULCULCAN The Final Synthesis - isbn 978-0-9939480-0-8 Staff Member

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    CULCULCAN, Mar 14, 2023
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  5. CULCULCAN

    CULCULCAN The Final Synthesis - isbn 978-0-9939480-0-8 Staff Member

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    8273_n.?_nc_cat=106&ccb=1-7&_nc_sid=8bfeb9&_nc_ohc=uxCKn9X4LRIAX8B7qOl&_nc_ht=scontent-yyz1-1.
     
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  6. CULCULCAN

    CULCULCAN The Final Synthesis - isbn 978-0-9939480-0-8 Staff Member

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    CULCULCAN, Mar 14, 2023
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  7. CULCULCAN

    CULCULCAN The Final Synthesis - isbn 978-0-9939480-0-8 Staff Member

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  8. CULCULCAN

    CULCULCAN The Final Synthesis - isbn 978-0-9939480-0-8 Staff Member

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  9. CULCULCAN

    CULCULCAN The Final Synthesis - isbn 978-0-9939480-0-8 Staff Member

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    Hello Everyone...
    This article confirms what I’ve been saying about the Derivatives market imploding.

    Bank failures are just the tip of the iceberg.

    The Fed will have no way to cover a quadrillion dollar implosion.

    It will not only be game over for the Fed,
    our economy and our way of life but also for the world economy.

    That is why central banks around the world are buying as much gold as they can.

    They will all need to recapitalize their economies with it.

    Maybe you should have some, too?

    -Bob

    Ellen Brown:

    The Looming Quadrillion Dollar Derivatives Tsunami - scheerpost.com

    Ok, here’s your snippet:

    “A fuller report on the collapse of SVB will have to wait on developments
    that occur over the weekend and soon thereafter.

    This column, meanwhile, focuses on derivatives and is a followup to my Feb. 23, 2023 column
    on the “bail in” provisions of the 2010 Dodd Frank Act, which eliminated taxpayer bailouts
    by requiring insolvent SIFIs to recapitalize themselves with the funds of their creditors.

    “Creditors” are defined to include depositors,
    but deposits under $250,000 are protected by FDIC insurance.

    However, the FDIC fund is sufficient to cover only about 2% of the $9.6 trillion in U.S. insured deposits.

    A nationwide crisis triggering bank runs across the country, as happened in the early 1930s,
    would wipe out the fund.

    Today, some financial pundits are predicting a crisis of that magnitude
    in the quadrillion dollar-plus derivatives market,
    due to rapidly rising interest rates.

    This column looks at how likely that is and what can be done either to prevent it or dodge out of the way.

    “Financial Weapons of Mass Destruction”

    In 2002, mega-investor Warren Buffett wrote that derivatives were “financial weapons of mass destruction.”

    At that time, their total “notional” value (the value of the underlying assets from which the “derivatives”
    were “derived”) was estimated at $56 trillion.

    Investopedia reported in May 2022 that the derivatives bubble had reached an estimated $600 trillion
    according to the Bank for International Settlements (BIS), and that the total is often estimated at over $1 quadrillion.

    No one knows for sure, because most of the trades are done privately.

    As of the third quarter of 2022, according to the “Quarterly Report on Bank Trading and Derivatives Activities”
    of the Office of the Comptroller of the Currency (the federal bank regulator), a total of 1,211 insured U.S. national
    and state commercial banks and savings associations held derivatives, but 88.6% of these were concentrated
    in only four large banks:
    J.P. Morgan Chase ($54.3 trillion),
    Goldman Sachs ($51 trillion),
    Citibank ($46 trillion),
    Bank of America ($21.6 trillion),
    followed by Wells Fargo ($12.2 trillion).”

    ads%2F2023%2F03%2Fcarey_shenkman.jpeg%3Fresize%3D1460%252C821&fb_obo=1&utld=wp.com&stp=c0.5000x0.
    scheerpost.com
     
    CULCULCAN, Mar 14, 2023
    #289
  10. CULCULCAN

    CULCULCAN The Final Synthesis - isbn 978-0-9939480-0-8 Staff Member

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    THE COMMON DENOMINATOR
    BETWEEN SILICON VALLEY BANK
    AND SIGNATURE BANK WHICH COLLAPSED?
    DEM MEGA DONORS, WOKE,
    BARNEY FRANK ON BOARD
    ~Nanette Crist



    Comments


    • Drew Izes
      Barney Frank?!?! That explains a good bit.
      • Nanette Crist
        exactly he made it possible with his banking bills and they paid him back in spades

        Frank Auenson
        Just part of the bigger plan!
     
    CULCULCAN, Mar 15, 2023
    #290
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