Trading of the stock in Credit Suisse was HALTED overnight after another 15% plunge in its stock value. Commerzbank dropped 11%. In the USA, Federal Republic dropped another 66%, with Western Alliance Bancorp down 52% and PacWest down 37% in pre-market trading.
Despite a staggering loosening of credit available to banks from the Federal Reserve over the weekend, Investor confidence is still plummeting for most of the same banks that saw this trouble late last week.
Whether these banks can avail themselves of the new, loosened credit resources and possibly save themselves today, remains to be seen.
During the weekend, a major bank started making headlines, when Depositors at Wells Fargo reported problems with account balances and funds availability had NOT been fixed by the bank.
Moreover, Depositors in Bank of America put videos on social media showing lines at some BoA branches filled with customers who could not get answers from the bank's customer service department.
Whether any of this turns into BANK RUNS today, remains to be seen.
While many (myself included) thought the new credit availability from the federal reserve, wiped out the risk and solidified the banks over this past weekend, now, many (myself included) are not so sure.
If Investors keep selling bank shares, it __may__ prompt frightened Depositors into pulling money from the banks and at some point, very fast, that will still take out the banks.
Today seems to be fixing up to be a very wild (and dangerous) ride.
The cartoon below seems to indicate how some people might react to Bankers not ponying-up the money:
(UPDATE 9:12 AM EST --
UPDATE 9:57 AM EST --
Looks as though Investors are ***NOT*** accepting government assurances about Banks. Biden just came out at the White House to tell the public "the Banks are safe" but stocks now dropping for ADDITIONAL Banks:
First Republic Bank down 66%
Western Alliance Bancorp down 75%
PacWest Bancorp down 46%
Zions Bancorp down 44%
Bank of Hawaii down 42%
Customers Bancorp down 54%
East West Bancorp down 32%
Comerica down 39%
TRADING HALTED IN MULTIPLE BANK STOCKS AFTER OPENING BELL:
UPDATE 10:34 AM EST --
Majority of trading halts have re-opened for trading . . . Let's see if the plunge resumes.
Big players in global finance are saying we're doomed . . . .
In my opinion the US financial sector is in terrible shape, US markets are highly manipulated, US Govt bonds are now considered a toxic asset with international demand drying up and the future outlook for the US economy couldn’t be more dire. The total collapse is inevitable.— Kim Dotcom (@KimDotcom) March 13, 2023
10:39 AM -- First Republic Bank, halted again, down 77%.
UPDATE 11:29 AM EST --
Europe is tanking too.
Large declines in the shares of EU banks:
Credit Suisse fell by 14%
UniCredit Bank fell by 9%
KbW Bank fell by 13.5%
Sabadell Bank fell by 11%
Santander Bank is down 8%
French minister tells investors to ‘calm down’ after banks stocks fall
France’s Finance Minister Bruno Le Maire told investors on Monday to “calm down” after stocks in French banks including Societe Generale and BNP Paribas sank following the collapse of US lender Silicon Valley Bank.
“Calm down, calm down, and just have a look at the reality. The reality is that the French banking system is not exposed to the SVB,” Le Maire told reporters in Brussels.
(Hal Turner Personal Opinion: A lot of people are in denial of how bad it really is. SVB and Signature combined is $40B more than Washington Mutual was that caused the 2008 Great Financial Crisis. And we have 30 more banks in the red huge. This is a fucking bad situation; one I don't think anyone alive has ever faced to this point. 1929 bad.)
Trump's response: Hold immediate peace talks between Russia and Ukraine with the United States as the arbitrator, still playing the whore for the insiders. In other words he is going along with the BIG LIE that the U.S. is an innocent bystander in the war and would be the ideal broker to settle the dispute.
Trump is still the whore who did the dirty work promoting the Covid lie and the Vax. He apparently loves rubbing shoulders with the Wall Street scum and the CIA-State Department elites. His father is the devil, as Jesus would say.
Governor DE Santos made all the right answers and Tucker seemed to play along with the Big Lies of the war we , the U.S., started.
In the FED’s announcement … “All depositors of this institution will be made whole. As with the resolution of Silicon Valley Bank, no losses will be borne by the taxpayer. SHAREHOLDERS AND CERTIN UNSECURED DEBTHOLDERS WILL NOT BE PROTECTED. Senior management has also been removed. Any losses to the Deposit Insurance Fund to support uninsured depositors will be recovered by a special assessment on banks, as required by law.” …
These actions apparently (apparently?) need to be approved by Congress. (Will they be?)
“certain unsecured debtholders will not be protected.” I think this means Bond Holders. And the question becomes how many times have these SVB bonds been re-hypothecated and re-hypothecated in the derivatives market?
Does this start the gargantuan derivatives unwind pop.
Or thought differently:
The destruction of the financial systems is also war - and much more effective than any bombs or missiles!
To happen to move their one world digital currency into play.
The absolute desperation of NATO/BIDEN/OBAMA has been palpable for many months….and they need to distract attention far away from the DOD CULPABILITY FOR ALL THINGS COVID AND THE DISGUSTING CORRUPTION OF ALL THINGS US GOVERNMENT.
WHAT A SHIT SHOW……THIS WAS SO CLEARLY ORCHESTRATED.
World War III seems inevitable. The US Govt. would rather destroy the world than accept bankruptcy and punishment from its citizens and the world.
Nibiru is the event
If you escape ww3 count 7 years find a 4000ft + mountain
1 i know more
2 remember 1
enjoy the song
the above is long and somewhat complex to fully
understand about the mathematics of leverage...
but here is a clip on the executives:
look at the executives:
Never mind the corruption at SVB which the regulators all knew about and ignored. The CEO? A director of the San Francisco Federal Reserve. The CFO? Former analyst at Freddie Mac, one of the two "special" housing finance firms implicated in and which blew up causing 2008's mess. The Chief Admin Officer? Formerly the CFO of Lehman Brothers, and we all know what happened to them and why, right? How about their Chief Legal Officer? He was General Counsel at Citibank in 2008, which infamously nearly blew up as well and would have but for ridiculous bailout money stolen from you.
the Chief Risk Officer was also a lulu, too..
"Trust the plan"
"The whole East Coast from Maine to Florida was just gone! I don't know what caused it, a asteroid or a bomb. All I know was the whole East Coast was gone."
The prophecyclub.com has recorded 20 similar dreams/visions. The most notable from ten years ago received by Ephron Rodriguez. He saw an asteroid hit a few miles off Puerto Rico hitting the New Madrid Fault line that runs up the Mississippi.
America was split in two widening the Mississippi to such an extent it made the U.S. look like two different countries with giant tsunamis, 1-200' high, hitting the East and Gulf Coasts. A huge amount of water ran down the Mississippi and east along the St. Lawrence River.
That would be tomorrow, making TOMORROW a HIGH WATCH DATE.
Regarding the Thanksgiving warning, God can delay His timing as He did with Jonah and Nineveh. Think of how many may have been saved over the past four months. Maybe you were one of them.
I wonder if America-Babylon and the peEU will issue further Russian sanctions?
Working well so far (against the west).
2 Thessalonians 2:7 For the mystery of iniquity doth already work: only he who now letteth will let, until he be taken out of the way.
Who is He? Remember this is old Elizabethan talk.
He is the Holy Spirit.
Biden's request earmarks $842 billion for the Pentagon with an additional $44 billion earmarked for defense-related programs at the Federal Bureau of Investigation, Department of Energy and other agencies, bringing the national security budget to $886 billion, up from $858 billion enacted last year.
Amid Russia's invasion of Ukraine and a looming China, Congress has signaled it will increase defense spending over Biden's request during the months-long budget process that this request kicks off.
Israel turned their ear from all their prophets and lost their country. They actually killed Christ and all the prophets, 1Thes.2:15.
Most here mock Bible prophecy and the prophets' warnings. Even this was prophesied, 2Thes. 2:3
"Don’t be carried away and deceived regardless of what they say.
For that day will not come until two things happen: first, there will be a time of great rebellion against God, and then the man of rebellion will come—the son of hell".
Dolph said on Oct. 21, 2022 “A FEW SHORT DAYS LEFT!”
But he has “no comment” on his fail.
Dolph also said that the Nov, 2022 Thanksgiving Day dinner has
to be canceled because they were being raptured. More lies
NOW we have...
Dolph the Deceiver said on 03/06/23
“THIS IS IT FOLKS!! TO SUM UP: Rapture imminent, giant tsunami on the 14th,
America nuked on the 15th.”
THAT'S Tomorrow! And the clock is ticking
on the next load of Dolph's never ending BS.
from your post,
"For that day will not come until two things happen: first, there will be a time of great rebellion against God, and then the man of rebellion will come—the son of hell"."
"Israel turned their ear from all their prophets and lost their country. They actually killed Christ and all the prophets, 1Thes.2:15."
No THEY DEMANDED HIM TO BE CRUCIFIED!
Matthew 27:22 Pilate saith unto them, What shall I do then with Jesus which is called Christ? They all say unto him, Let him be crucified.
Whom they personally Killed was in Acts 7:59 And they stoned Stephen,
source BIBLE KJV
Next you will be telling the baseball fans that we need to ban the cross because it also did some killing that day?
The crowd may have had murder in their heart but the Bible is very CLEAR that it was the Authority of Rome that CRUCIFIED CHRIST!
And that He Tasted of Death voluntarily.
Hebrews 2:9 But we see Jesus, who was made a little lower than the angels for the suffering of death, crowned with glory and honour; that he by the grace of God should taste death for every man.
Please stop your silliness.
Im glad you said , Have.
Hebrews 6:6 If they shall fall away, to renew them again unto repentance; seeing they crucify to themselves the Son of God afresh, and put him to an open shame.
But this is just not Biblical.
"the only Begotten Son of the Father, and the Holy Word"
Sorry but the Word did not begat himself. Your add on is most silly.
1 In the beginning was the Word, and the Word was with God, and the Word was God.
2 The same was in the beginning with God.
John 1:14 And the Word was made flesh, and dwelt among us, (and we beheld his glory, the glory as of the only begotten of the Father,) full of grace and truth.
Psalms 40:7 Then said I, Lo, I come: in the volume of the book it is written of me,
Hebrews 10:7 Then said I, Lo, I come (in the volume of the book it is written of me,) to do thy will, O God.
I say, let it fail and let it burn!
GREAT JOB HAL TURNER WITH UPDATES!
Printing One Dollar per second it would take almost 12 days to print One Million Dollars, 31.7 years to print One Billion Dollars, and 31,709.8 years to print One Trillion Dollars.
1 $55,387,209,000,000 JPMorgan Chase Bank
2 $51,794,949,000,000 Goldman Sachs Bank USA
3 $46,562,329,000,000 Citibank
4 $22,087,831,000,000 Bank of America
5 $12,191,517,000,000 Wells Fargo Bank
Not Enough Resources on the planet to fulfill all of the Promises of these Trillions. You are Being Conned.
As you are the servant of sin and unrighteousness.
O wretched man (Eddamnit) that I am! Who will deliver me
from this body of death? I thank God—through
Jesus Christ our Lord!
So then, with the mind I myself serve the law of
God, but with the flesh the law of sin.
(In my opinion based on Biblical truth)
Note: just some of why I think this,
Psalms 64:4 That they may shoot in secret at the perfect: suddenly do they shoot at him, and fear not.
Psalms 64:7 But God shall shoot at them with an arrow; suddenly shall they be wounded.
(this a paradox I am still asking in prayer about for my bloods sake.)
Proverbs 6:15 Therefore shall his calamity come suddenly; suddenly shall he be broken without remedy.
Proverbs 24:22 For their calamity shall rise suddenly; and who knoweth the ruin of them both?
Proverbs 29:1 He, that being often reproved hardeneth his neck, shall suddenly be destroyed, and that without remedy.
That is all.
The fallout from the collapse of Sand Stuffed Wafflers Valley Bank is beginning to spread around the world.
This is just the beginning. SVB had branches in China, Denmark, Germany, India, Israel and Sweden, too.
Startup founders in California’s Bay Area, the left arm pit of America, are panicking about access to money and paying employees. Fears of contagion have reached Canada, where the bank’s loan book has doubled in the past year. SVB’s unit in the UK is set to be declared insolvent, has already ceased trading and is no longer taking new customers. On Saturday, the leaders of roughly 180 tech companies sent a letter calling on UK Chancellor Jeremy Hunt to intervene.
“The loss of deposits has the potential to cripple the sector and set the ecosystem back 20 years,” they said in the letter seen by Bloomberg. “Many businesses will be sent into involuntary liquidation overnight.”
Note: Matthew 7:26 And every one that heareth these sayings of mine, and doeth them not, shall be likened unto a foolish man, which built his house upon the sand:
Sign: Christ Jesus
You just gotta laugh at the morons in dc.
First Hawaiian Bank a drug money bank?
A third U.S. bank has failed in the space of a week, and this time its the same one that closed President Trump’s accounts two years ago, reasoning that it would not do business with Trump after January 6th.
Signature bank in New York was shut down by US regulators on Sunday, according to a joint statement from the Federal Reserve, US Treasury and the Federal Deposit Insurance Corporation (FDIC), noting that the lender “was closed by its state chartering authority.”
Note:Hebrews 10:30 For we know him that hath said, Vengeance belongeth unto me, I will recompense, saith the Lord. And again, The Lord shall judge his people.
31 It is a fearful thing to fall into the hands of the living God.
32 But call to remembrance the former days, in which, after ye were illuminated, ye endured a great fight of afflictions;
33 Partly, whilst ye were made a gazingstock both by reproaches and afflictions; and partly, whilst ye became companions of them that were so used.
The market has been up and down all over
the place. The Fed is panic stricken to see
a down market.
I still bought some. It’s not the kid’s fault prices are so high. Gotta support the organization for now. I think it is still okay.
I don't know why you got those downvotes; what you did seems laudable to me. There's a lot of nasty trolls on this comment section now...
Good thing that those of us who have been on here a long time don't really care much about the voting.
Thanks Xo Xiden.
Nothing says RUN TO THE BANK! like OBiden saying "the banks are safe."
Remember it was also OBiden who said the clot shots were safe.
The time is later-than-late to ENTER IN at the strait (difficult) gate.
Everyone will become homeless, or maybe just squatters!
Well, no more real estate taxes for the bloated governments.
I think the party has just begun.
BRICS+ nations will prosper like never before.
They respect and honor their natural resources given to them by God.
Mexico will become rich and the us will remain poor.
I gotta fire up the old toyota and move south to Mexico
All leaders since then are traitors and deserve a traitors death.
[[from https://www.omegadynamics.org/so/ebOQetZwT?languageTag=en&cid=56764100-c504-4dbf-86d4-32c10631c29a®ion=c9bde1b0-13ee-4c95-523c-eea2f5289272 ]]
Wash, rinse, repeat. Be prepared.
Thanks, and good luck with the pirates, typhoones, hurricanes, big waves in general, also dont hit any boulders. Good luck, be safe.
Evaluate the purchasing power of the dollar and what it can buy compared to price. If stocks go up by so does housing, fuel and food; the money is purchasing less and less. That's a problem, thereby showing why the big money is pulling cash and converting to real things besides losing a higher and higher percentage in the banks barely meeting a return that is way below the rise of inflation on everyday goods and services.
We will be alright! LMFAO, come on MAN!
"Wheres Hunter?!?! I need a pick me up!"
I know Biden, he would say = "We are all fucked. Get your money out of the banks ASAP!!! do it now before I fuck up some more and crash everything"
Then he would say "Before I fuck up everything, let me suck on China's dick some more and get few more billions for my family before I fuck the world"
And we keep sending money to ukrap!
Playin with the devil gets you burned!
Burn baby burn!
Get out of the cities now. When the last vestiges of restraint are lifted the looting and murder will happen suddenly.
It reminds me of The Omega Man.
The Omega Man (stylized as The Ωmega Man) is a 1971 American post-apocalyptic action film directed by Boris Sagal and starring Charlton Heston as a survivor of a pandemic.
It was written by John William Corrington and Joyce Corrington, based on the 1954 novel
I Am Legend by Richard Matheson. The film's producer, Walter Seltzer, went on to work with Heston again in the dystopian science-fiction film Soylent Green in 1973.
The head of risk management at Silicon Valley Bank spent considerable time spearheading multiple “woke” LGBTQ+ programs, including a “safe space” for coming out stories, as the firm catapulted toward collapse.
Jay Ersapah, the boss of Financial Risk Management at SVB’s UK branch, launched initiatives such as the company’s first month-long Pride campaign and a new blog emphasizing mental health awareness for LGBTQ+ youth.
“The phrase ‘you can’t be what you can’t see’ resonates with me,’” Ersapah was quoted as saying on the company website.
"Their" green was for the fake G-warming and NOT FOR THE STOCK HOLDERS!
And watch Michigan implode as GH2 (GrandHomie 2) has done well to help this along. Boblo Boat get's $ to retro fit the boats engines with electric ones?
Another WHAT THE HELL !
The Biden regime is indefatigably committed to the baseless and dangerous – indeed, life-destroying – delusion that women can become men and men can become champion female swimmers and International Women of Courage, and so when its budget proposal for 2024 included taxpayer money for genital mutilation surgeries and hormones for veterans, the regime was just being consistent.
This budget item, however, makes it abundantly clear that “tolerance” is not on the agenda, either for the regime or for the LGBTQ industry. Authoritarians to the core, both are after total compliance: we not only have to believe in their insane fantasies, we also have to pay for them.
Precious metals expert and financial writer Bill Holter said last
summer that the Fed rate increases would tank the economy.
The collapse of SVB (Silicon Valley Bank) is the latest sign the
Fed is breaking the financial system. Will it continue to raise
interest rates as Fed Head Jay Powell said this past week?
Holter says that is the biggest question out there because it
comes down to picking what you want to save. It’s the U.S.
dollar or the financial system. Holter explains, “They can save
one thing or the other. They can save the financial system, or
they can save the dollar.
What the HELL!
Smash and Grab is ON!
By: Victoria Marshall, The Federalist, March 10, 2023:
On Thursday, the Republican National Committee and the Vermont Republican Party announced they are suing the city of Winooski, Vermont for allowing noncitizens to vote in school board elections and on education budget referendums. Two concerned Winooski residents are also a part of the lawsuit.
The Pfizer booster is still available.
Rest assured, rest in peace.
1. They raise rates and this hurts the banks based on the bonds they bought to allow the US to PRINT MORE MONEY!
2. Now they (the FED) are thinking of reversing policy to save the banks and what will that do to the dollar and inflation for us slaves?
3. What ever happened to winners and losers ? Let them fail, no second place, separate the men from the boys and allow failures period!