Fasten your seatbelt.
https://www.cnbc.com/2023/03/12/treasury-secretary-janet-yellen-says-us-government-wont-bail-out-silicon-valley-bank.html
https://www.cnbc.com/2023/03/12/treasury-secretary-janet-yellen-says-us-government-wont-bail-out-silicon-valley-bank.html
CNBC
Treasury Secretary Janet Yellen says U.S. government won't bail out Silicon Valley Bank
Treasury Secretary Janet Yellen says U.S. government will not bail out Silicon Valley Bank
SVB Collapse (SIVB) and FDIC Auction on March 12, 2023 - Bloomberg
https://www.bloomberg.com/news/articles/2023-03-12/fdic-auction-for-svb-said-to-be-underway-final-bids-due-sunday
https://www.bloomberg.com/news/articles/2023-03-12/fdic-auction-for-svb-said-to-be-underway-final-bids-due-sunday
Bloomberg.com
FDIC Auction for Failed SVB Underway, Final Bids Due Sunday
The Federal Deposit Insurance Corp. kicked off an auction process late Saturday for Silicon Valley Bank, with final bids due by Sunday afternoon, according to people familiar with the matter.
“[G]old has always been prominent as a protector of individual sovereignty. Private gold ownership is inconsistent with the aims of dictatorship; a war on gold is a necessary concomitant to centralized political power.”
| Antony C. Sutton
| Antony C. Sutton
Auf Silber und Gold setzen
https://www.goldseiten.de/artikel/571459--Auf-Silber-und-Gold-setzen.html?seite=1
https://www.goldseiten.de/artikel/571459--Auf-Silber-und-Gold-setzen.html?seite=1
GoldSeiten.de
Auf Silber und Gold setzen
Wie bereits gesagt, eine Handlungsempfehlung, die häufig aus der Betrachtung des Gold-Silber-Preisverhältnisses abgeleitet wird, lautet: Verkaufe Gold und kaufe Silber, wenn das Gold-Silber-Preisverhältnis sehr außergewöhnlich hoch ist, und kaufe...
First Republic drops, bank stocks decline
https://www.cnbc.com/2023/03/13/first-republic-drops-bank-stocks-decline.html
https://www.cnbc.com/2023/03/13/first-republic-drops-bank-stocks-decline.html
CNBC
First Republic drops 60%, leads decline in bank stocks despite government's backstop of SVB
First Republic Bank led a decline in bank shares Monday that came even after regulators' extraordinary actions Sunday evening.
From Jan '00 to Mar '23, the annualized compound returns are as follows:
Gold +8.5%
Silber +6.2%
S&P500 +6.6%
USD (earning the 3 mth rate) 1.6%.
With the fiat money system now getting into deep, deep trouble: Sell USD, buy gold & silver.
Gold +8.5%
Silber +6.2%
S&P500 +6.6%
USD (earning the 3 mth rate) 1.6%.
With the fiat money system now getting into deep, deep trouble: Sell USD, buy gold & silver.
"You can’t run the most reckless monetary and fiscal experiment in history without the bill eventually coming due."
https://www.wsj.com/articles/the-silicon-valley-bank-bailout-chorus-yellen-treasury-fed-fdic-deposit-limit-dodd-frank-run-cc80761e?mod=hp_opin_pos_1
https://www.wsj.com/articles/the-silicon-valley-bank-bailout-chorus-yellen-treasury-fed-fdic-deposit-limit-dodd-frank-run-cc80761e?mod=hp_opin_pos_1
WSJ
Opinion | The Silicon Valley Bank Bailout
The bill for bad policy comes due, but there’s risk in a second rescue of the banking system in 15 years.