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Printflation is de facto taxation because it increases prices and drains wealth from those that save.

Technically the statement is right, since all this bullshit is make-believe anyway.

It is literally the same, with the exception that it isn't banks. They're just not selling it the same way.

What would have happened had we not dumped billions of dollars into carrying banks, and what would happen here, is that all of those deposits would essentially go into a special account that could not be touched. That account would be run by the government and, again essentially, be invested into the government/market. Affected companies would receive a disbursement of funds that may or may not cover the entirety of the lost deposit from an initial dividend, with the rest being paid off over time through future dividends until the deposits and the money in the fund equal out, at which point each company receives the remainder of their respective balances.

What we're doing instead is essentially loaning out 200 billion dollars in a time of record breaking inflation, with the fed rate set to top 6%!!! by the end of the year, shifting the burden of bad business decisions onto taxpayers in an extremely lopsided deal.

I tried to keep all of that as simple as possible. Lol. On another note, this is an inherent problem in our economic system. With how the game is played, the US economy has to completely crash at some point. It's inevitable. The best thing we can do is pick the time for it to crash, and I am a lot more comfortable letting Roku go bankrupt than JP Morgan, as much as I hate the kikes.

FED only gives a shit because SVB is full of HNW investors & tech startup payroll.

There are 10 more banks who are going tits up Monday.

Enjoy the ride.

I would love to jail pedo joe and (((yellen))) - who are the ultimate cause.

Before pedo joe , SVB was getting long-term profits by buying securities at interest rates higher than 0% (the fed rate at the time).

Because the economy tanked, now (((yellen))) raised rates to 5% (and probably higher coming) and the investors decided the stable interest rate securities at 1.6% weren't cutting it - and wanted their money back.

SVB has almost no cash on hand, and in order to raise cash, would have to sell the securities.

Here is how I understand the security market (which can be totally wrong): Buying a $120 treasury bill at say 2% interest with a 10 year maturity, will be worth $120 in 10 years, but $100 today.

People will buy the treasury bill from you, but at a calculated "market rate" that will earn whatever market interest rates are. If interest rates went up to 5%, and the buyer wants a 10% return on the t-bill, that means if it is maturing at $120, then the 10% cash value right now is $60.

What that means is that even though SVB is solvent and has not "lost" any money right now, if investors want 5% or higher profits, they need the cash out of SVB - and they want it now.

This forces SVB to sell their billions and billions of long term securities for almost half price.

That produces losses that can't be covered, and the bank goes bust. All because investors are greedy (maybe, maybe not - could be just prudent) and want the cash now, and pedo joe* let the economy crash and burn.

I think "Steal from the Poor to Give to the Rich Act" or SPGRA has a nice ring to it.

Maybe not the banking system but definitely their parents car payment.