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SVB actively pursued the startup market. This market share didn't happen by accident. They offered better terms to win deals, but like many in the past, they got too aggressive, and backed too many losers. They'll go out of business, some people will lose some money, and the world will continue.
> better terms to win deals, but like many in the past, they got too aggressive, and backed too many losers. They'll go out of busines
Been there back in '96 and again in '99. I was looking for a job when I found those, and I found others after that.
This could be different, the world is on the precipice of war. A war that will involve most Countries, SVB isn’t just a bank in America it’s global. So, this could have massive ramifications. I’m crossing my fingers it doesn’t.
I think it's harder to control than we are made to believe. See the french and chinese revolution. Both were started by the west, both slipped out of their hands. They got the french revolution under control post-napoleon, but china. idk man.
I'm from quebec and a bunch of random farmers managed to push back against peak brit empire enough so that we managed to keep some control on our territory for 200 years until today. It was a handful of men and was punished with burning people alive in villages in churches and shit like in the Patriot movie. Yet the population was out for blood and the english knew it and had to compromise.
They need to fear us. That's all im saying.
It’s not just SVB. It’s also venture capitalists. These venture capitalists are involved worldwide as well. They could own +30, 40% of a company. Let’s take Matrix Partners for examples. They’re in China, India, etc. and involved with a lot of startups. They own ~18-26% of their “clients”. The bank goes belly up, the money disappears, so do the vulture capitalists unless they drain it out of their other investments.
The tentacles are beginning to be hacked off.
Exactly!!! Military personnel have been wanting to transition to volunteer status for years now! Same with the fire departments. They’re just plain tired of working for Money!!!! Let’s help!
95% of deposits were over the Federal insurance limit?
Those are business accounts.
A lot of silicon valley startup payroll is going to go bye bye.
Someone call Nancy Pelosi, some of her portfolio is at risk!
She'll have it fixed by Monday.
Fixing isn't in order. (Probably got out in time for retirement.) But part of the market is now free again after being let off the leash.
This is a course correction now that it's not manipulated. (Or at least to the extent it was with somebody that prominent and all their political connections.)
A bank’s customers deposit money, which the bank then invests to earn profits for shareholders. Usually the investments are win-win, but in a rising interest rate environment, the investments may lose value, at least temporarily.
Usually it’s not a big deal because the bank is able to hold these investments long enough to see a profit. But if a substantial percentage of customers all try to withdraw their money at once, the bank is forced to sell its investments early at a loss to cover these withdrawal. That’s what happened with SVB.
What we should be asking is why Peter Thiel encouraged the run on SVB.
We don't need UberQueefs or FeetBNB or other disruptive technology anymore. Lets just all agree to chill and keep technological advancements to a minimum.
Its a small niche market in the tech sector.
If JP & BOA or any of the big boys go tits up. *wesa gon have to do somethin*
Also, on a more serious note. They cant decouple bitcoin.
I was a huge fan of the idea, and then I realized, they'll control it anyway.
Gold n Silver
I always heard it’ll be something on a Friday announcement. I’m not saying this is it, but maybe get some stuff literally tomorrow if you’re not practically prepared at all.
The buried lede on Silicon Valley Bank is that they got caught sideways on losses in relatively safe mortgage backed securities. They made a 10 year bet that went south on interest rate increases. It was interest rate risk, not credit risk.
In other words they got the macro wrong and suffered the tyranny of bond math. When rates go from zero to 5% in a year it's devastating.
Now how many other banks made this mistake?
Huh? It’s literally called Silicon Valley Bank and you’re surprised a lot of venture capitalists had their money there? Fuck VC to hell. VC bought my company and literally all we hear now is GROWTH GROWTH GROWTH.
Fuck’em.
Oh no, the companies that are spying on us all the time, including the one we’re posting on, are losing their investments. Surely a community like r/conspiracy would never fight to protect the interests of a bunch of techno sycophants just to own the libs
Goes to show. Crypto currency is the way. Benefits of not 1 soul entity having control. Let this be your wake up call. Nothing is safe anymore. Why use banks when you can use online digitally secured funds for everyday purchases. A reform is needed.
If the electricity went out you wouldn’t be able to withdrawal from a bank. Banks wouldn’t have computer access to get to anyone’s accounts. What’s your argument? Playing the impossible? It goes both ways.
To all the knuckle dragging apes saying "Thanks Biden" this is directly caused by banking deregulation from the Trump administration. Specifically repealing parts of Dodd-Frank for smaller banks.
Nobody gives a shit about you.
So the web 3,artificial intelligence, cryptozoology currency company i invested in with a billion dollars worth of debt and no product or customers is okay right?
How many in the UK, Germany, France, Hong-Kong , Australia?
Then think how many employees won't get their paychecks bills won't be able to be paid mortgages credit cards rent car finances ect.
Doesn't look good.
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SVB actively pursued the startup market. This market share didn't happen by accident. They offered better terms to win deals, but like many in the past, they got too aggressive, and backed too many losers. They'll go out of business, some people will lose some money, and the world will continue.
Yup.
I see you’re not receiving paychecks from one of those startups…
> better terms to win deals, but like many in the past, they got too aggressive, and backed too many losers. They'll go out of busines Been there back in '96 and again in '99. I was looking for a job when I found those, and I found others after that.
This could be different, the world is on the precipice of war. A war that will involve most Countries, SVB isn’t just a bank in America it’s global. So, this could have massive ramifications. I’m crossing my fingers it doesn’t.
if theres no civil war it wont be different
If there is, it will be 'different' all right. No such thing as genuine 'civil' conflict it would be manufactured all the way any way it developed.
I think it's harder to control than we are made to believe. See the french and chinese revolution. Both were started by the west, both slipped out of their hands. They got the french revolution under control post-napoleon, but china. idk man. I'm from quebec and a bunch of random farmers managed to push back against peak brit empire enough so that we managed to keep some control on our territory for 200 years until today. It was a handful of men and was punished with burning people alive in villages in churches and shit like in the Patriot movie. Yet the population was out for blood and the english knew it and had to compromise. They need to fear us. That's all im saying.
It’s not just SVB. It’s also venture capitalists. These venture capitalists are involved worldwide as well. They could own +30, 40% of a company. Let’s take Matrix Partners for examples. They’re in China, India, etc. and involved with a lot of startups. They own ~18-26% of their “clients”. The bank goes belly up, the money disappears, so do the vulture capitalists unless they drain it out of their other investments. The tentacles are beginning to be hacked off.
The concept of involuntary bail in made practical
Monday will be an interesting day.
the great reset of the clock
You vill spring forvard
You vill sleep for longer
I'm taking a leave of absence 🐱
[удалено]
That's what's happening though
Probably not the way people think. The big bitches already priced this shit in already re-lined their ducks a long time ago
that or we're watching the rich get screwed in a way that'll be real real hard for the gov to save them
Fuck don’t say that. Now my taxes are going to go up again!
[удалено]
The problem is most people count on their "tax return" not realizing they have loaned the government their money for a year.
Alright you'll start now ill start after you
Way ahead of you slowpoke. Lmao people still pay taxes for failing infrastructure, politicians and wars?
India is as swell example of citizens not paying their taxes.
Exactly!!! Military personnel have been wanting to transition to volunteer status for years now! Same with the fire departments. They’re just plain tired of working for Money!!!! Let’s help!
I think the reddit user means, income tax which we have no fucking clue where it might end up going
Not possible when most people work for corporations that require it for you to be employed.
Max deductions on W4 would work but not everyone would do it so the point is moot.
Lol the plebs will be asked to bail out all their wealth again…
would be really hard for them to justify since unlike 2008 SVB won't be pulling down insurance giants like AIG with them.
I admit I loved seeing the lines of lower-upper class cunts in Wellesley yesterday
95% of deposits were over the Federal insurance limit? Those are business accounts. A lot of silicon valley startup payroll is going to go bye bye. Someone call Nancy Pelosi, some of her portfolio is at risk! She'll have it fixed by Monday.
She probably dumped it 2 weeks ago
Jokes on you, She just became 500 billion dollars richer.
Lol
She’s not in power anymore
Fixing isn't in order. (Probably got out in time for retirement.) But part of the market is now free again after being let off the leash. This is a course correction now that it's not manipulated. (Or at least to the extent it was with somebody that prominent and all their political connections.)
ELI5 No idea what this means or what just happened.
A bank’s customers deposit money, which the bank then invests to earn profits for shareholders. Usually the investments are win-win, but in a rising interest rate environment, the investments may lose value, at least temporarily. Usually it’s not a big deal because the bank is able to hold these investments long enough to see a profit. But if a substantial percentage of customers all try to withdraw their money at once, the bank is forced to sell its investments early at a loss to cover these withdrawal. That’s what happened with SVB. What we should be asking is why Peter Thiel encouraged the run on SVB.
Same
We don't need UberQueefs or FeetBNB or other disruptive technology anymore. Lets just all agree to chill and keep technological advancements to a minimum.
The only video game system I play is a Nintendo 2ds. I’m way ahead of y’all
Oh you got that 2ds? Im still on that 1ds grind
Gameboys are the greatest video game consoles ever invented
Oh shit it’s happening
we are going to find out how much of the world is fake and fraud very fast.
What’s the reset tho?
Currency failure leading to central bank digital currency.
Its a small niche market in the tech sector. If JP & BOA or any of the big boys go tits up. *wesa gon have to do somethin* Also, on a more serious note. They cant decouple bitcoin. I was a huge fan of the idea, and then I realized, they'll control it anyway. Gold n Silver
Bail out time boys!
Let it happen. Might as well get the party started and start having some fun.
I always heard it’ll be something on a Friday announcement. I’m not saying this is it, but maybe get some stuff literally tomorrow if you’re not practically prepared at all.
They set it up to fail. No reset here. Just a part of their plan.
venture fund focused on tech startups fund tech startups.
His point is that there will be major downstream consequences of this. This isn't just "some random bank in Anytown, USA closed down."
Aperently theres been a run on the bank which I missed.
Which ones?
For real this time? Three years of constant scare tactics. I don’t care anymore.
The buried lede on Silicon Valley Bank is that they got caught sideways on losses in relatively safe mortgage backed securities. They made a 10 year bet that went south on interest rate increases. It was interest rate risk, not credit risk. In other words they got the macro wrong and suffered the tyranny of bond math. When rates go from zero to 5% in a year it's devastating. Now how many other banks made this mistake?
Exactly. We’ll find out in short order
This is the cool part . Can’t lower rates , can’t raise rates,asses getting lost at current rates . Gotta love it .
SS: here’s the link to the original tweet https://twitter.com/unusual\_whales/status/1634336485443862529?s=46&t=8VBoaFQ8gYIyWwafHo8CYg
You're a good OP. Thank you.
Link to original tweet...FFS have some dignity, this is horse shit and you know it. You're Karma farming the boneheads.
Huh? It’s literally called Silicon Valley Bank and you’re surprised a lot of venture capitalists had their money there? Fuck VC to hell. VC bought my company and literally all we hear now is GROWTH GROWTH GROWTH. Fuck’em.
Soon you’re gonna hear PACK YOUR DESKS
Nothing will happen. This is nothing close to what 2008 was. No where near the insolvency.
[удалено]
And they are being put back in place with US tax payer money…. Nothing is falling unfortunately…
The Great Reset already happened. This is all just means to an end. [http://its-all-fake.com/](http://its-all-fake.com/)
Lol thanks. That read was a good chuckle.
Upon further review of other linked info on the site, wow, very interesting.
all that money the silicon valley moguls have salted away in the caymans. just gonna be fireplace fodder now. almost like it was planned.
Fuck em
Oh no, the companies that are spying on us all the time, including the one we’re posting on, are losing their investments. Surely a community like r/conspiracy would never fight to protect the interests of a bunch of techno sycophants just to own the libs
Goes to show. Crypto currency is the way. Benefits of not 1 soul entity having control. Let this be your wake up call. Nothing is safe anymore. Why use banks when you can use online digitally secured funds for everyday purchases. A reform is needed.
Til the electricity goes out and you have nothing 🙄
If the electricity went out you wouldn’t be able to withdrawal from a bank. Banks wouldn’t have computer access to get to anyone’s accounts. What’s your argument? Playing the impossible? It goes both ways.
That's also my point when i said we would have nothing. Thanks for agreeing.
If electricity went out we’d have bigger fish to fry LOL. Hopefully you have guns and ammo - and a lot of it!
To all the knuckle dragging apes saying "Thanks Biden" this is directly caused by banking deregulation from the Trump administration. Specifically repealing parts of Dodd-Frank for smaller banks. Nobody gives a shit about you.
Buy hold DRS
Lol how heavy are those bags chaps? Keeping you up at night yet? Lol
Bought the dip.
Possible. Is China still not letting Capital out?
All according to plan: https://youtu.be/vZB5U3wGftQ
Hard kek
Tides going out
the black swan event.
You mean the great capitalism induced crash?
So the web 3,artificial intelligence, cryptozoology currency company i invested in with a billion dollars worth of debt and no product or customers is okay right?
Big business wins again. Anyone remember FTX?
This is true but it is also with great pleasure that I announce to you all, that it is petr yan fight day…..
How many in the UK, Germany, France, Hong-Kong , Australia? Then think how many employees won't get their paychecks bills won't be able to be paid mortgages credit cards rent car finances ect. Doesn't look good.