Is This The Start Of Something Bigger, US Banking Collapse?

[VS 5.0]

https://www.watoday.com.au/business...hairs-as-fear-takes-over-20230316-p5csjm.html

 

[J_D 2.0]

The bond market is signalling trouble ahead.

https://www.abc.net.au/news/2023-03...deepens-fall-of-silicon-valley-bank/102105284

 

[greenacc]

Not really weird as it‘s the same sleight of hand being played everywhere. They all scurry away when their shell game gets noticed because these shysters don’t like a light shining on them…

Really, banks should have requirements for larger cash holding, and for lower leveraging than they are allowed atm, otherwise they really fcuk around with us…. Banks need to be under much tighter controls along with the share market where high frequency trading and short selling should be illegal.

Until then SSDD.


Never heard of the guy but he’s got some substance behind him.

And he was a prolific author so has made quite a few quotes but the following captures some of the stupidity of people and countries…

“The process by which banks create money is so simple that the mind is repelled” - John Kenneth Galbraith

“The modern conservative is engaged in one of man's oldest exercises in moral philosophy; that is, the search for a superior moral justification for selfishness” - John Kenneth Galbraith

“Under capitalism, man exploits man. Under communism, it's just the opposite” - John Kenneth Galbraith

SSDD…

I love the last quote.
Most of the issues with modern life is indeed caused by the greed and selfishness of humans