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Last post 14 months ago by rfenst. 29 replies replies.
Get ready for "the upcoming depression" occurring this WEEK...
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Mr. Jones Offline
#1 Posted: Sun, Mar 12 2023, 8:31 PM EST
Joined: 06-12-2005
Posts: 19,443
Boo hoo! Herfing

Banks ARE FAILING LEFT AND RIGHT...

FOR THE LAST 5 DAYS...

THE FEDERAL RESERVE IS IN CRISIS M.O.D.E.

THREE MASSIVE U.S. BANKS FAILED IN the last 120 hours...
Banks are bleeding R.E.D. INK and the pied piper is coming home to ROOST!!

THIS WEEK WILL BE HISTORIC...
BuckyB93 Offline
#2 Posted: Sun, Mar 12 2023, 8:44 PM EST
Joined: 07-16-2004
Posts: 14,217
Remain calm... all is well

https://www.youtube.com/watch?v=zDAmPIq29ro
BuckyB93 Offline
#3 Posted: Sun, Mar 12 2023, 9:28 PM EST
Joined: 07-16-2004
Posts: 14,217
Now might be a good time to bump up a little on your 401(k), IRA, Roth if you are investing for the long term and if you have some extra $ in reserve... dollar cost averaging.

When will it bottom out? Nobody knows... but time in the market beats trying to time the market. My kids will live longer then me (God willing) so I'll kick in some more on their UTMA accounts (shhh.... they don't know that they have them... at 21 it turns over to them as full authority but gonna try to find away to hide until they are like 25 or so)

We've been kicking the can down the road for over a decade or so. The COVID crash was not anything anyone could predict but we bounced back with and influx of free money printed by the powers that be.

A recession was inevitable even without it. Interest rates have been at an all time low for over a decade. The free money that we printed and gave away during the COVID fiasco tipped the scales and now it's time to pay the piper.

I think there is some stormy times ahead. I'm not an economist or an investment professional. It's very likely that I don't know what I'm talking about but I don't think it's going to be rainbows and roses for the next few years.
DrMaddVibe Offline
#4 Posted: Mon, Mar 13 2023, 6:26 AM EST
Joined: 10-21-2000
Posts: 55,507
Mr. Jones wrote:
Boo hoo! Herfing

Banks ARE FAILING LEFT AND RIGHT...

FOR THE LAST 5 DAYS...

THE FEDERAL RESERVE IS IN CRISIS M.O.D.E.

THREE MASSIVE U.S. BANKS FAILED IN the last 120 hours...
Banks are bleeding R.E.D. INK and the pied piper is coming home to ROOST!!

THIS WEEK WILL BE HISTORIC...



They should all be fired.
RayR Offline
#5 Posted: Mon, Mar 13 2023, 6:50 AM EST
Joined: 07-20-2020
Posts: 8,927
DrMaddVibe wrote:
They should all be fired.


END THE FED!
RayR Offline
#6 Posted: Mon, Mar 13 2023, 9:01 AM EST
Joined: 07-20-2020
Posts: 8,927
Silicone Valley Bank Run: Simpsons [Video] Laugh

https://www.lewrockwell.com/political-theatre/silicone-valley-bank-run-simpsons/
Mr. Jones Offline
#7 Posted: Tue, Mar 14 2023, 12:14 PM EST
Joined: 06-12-2005
Posts: 19,443
Anymore Banks fail today?
March 14 th?
DrMaddVibe Offline
#8 Posted: Tue, Mar 14 2023, 12:41 PM EST
Joined: 10-21-2000
Posts: 55,507
Mr. Jones wrote:
Anymore Banks fail today?
March 14 th?



If they do, the US government has shown that it will backstop all of the losses.
rfenst Offline
#9 Posted: Tue, Mar 14 2023, 4:07 PM EST
Joined: 06-23-2007
Posts: 39,360
Recession is measured by the economy's GNP/GDP. We have record low unemployment and wage growth. High interest rates do not measure recession, but may be a component of it. The economy goes up and down with time and national/international events. Not saying we are or aren't in a recession right now, but I do beleive we will see one soon, in part due to the 0% Fed and Treasury were pushing.



Joke: It is a recession when you lose your job. It is a depression when I lose mine.
Gene363 Offline
#10 Posted: Tue, Mar 14 2023, 5:08 PM EST
Joined: 01-24-2003
Posts: 30,838
rfenst wrote:
Recession is measured by the economy's GNP/GDP. We have record low unemployment and wage growth. High interest rates do not measure recession, but may be a component of it. The economy goes up and down with time and national/international events. Not saying we are or aren't in a recession right now, but I do beleive we will see one soon, in part due to the 0% Fed and Treasury were pushing.



Joke: It is a recession when you lose your job. It is a depression when I lose mine.


This. Beer
frankj1 Offline
#11 Posted: Tue, Mar 14 2023, 10:00 PM EST
Joined: 02-08-2007
Posts: 44,223
I fear the intrusion
Mr. Jones Offline
#12 Posted: Thu, Mar 16 2023, 8:23 AM EST
Joined: 06-12-2005
Posts: 19,443
Did everybody lose all their money yet ?

When do the S.O.U.P. LINES START ??

WE NEED A W.P.A. NEW DEAL works PROJECT for "starving artists persecuted by the FBI"....SIGN ME UP !!!
Mr. Jones Offline
#13 Posted: Thu, Mar 16 2023, 8:42 AM EST
Joined: 06-12-2005
Posts: 19,443
Dow loses 500 yesterday

Janet Yellen is "perplexed" and talking LOONEHY SPEAK...
( which is not an oddity in the least)

Biden STRANOSA IS YELLING AND DECRYING !!!
"THOSE RESPONSIBLE FOR THESE BANK FAILURES ...WILL
PAY"...

BWUUHHAAHHAAAHHAAAAHHAAA, WHAT A JOKE !!

THEY ARE ALL LAUGHING THEIR ASSES OFF WITH OVERFLOWING FULL SAFE DEPOSIT BOXES OF GOLD , DIAMONDS, BEARER BONDS AND COPIUS AMTS OF COINAGE...
UNTOUCHABLE TO THE FEDERAL INVESTIGATORS...
8trackdisco Offline
#14 Posted: Thu, Mar 16 2023, 8:58 AM EST
Joined: 11-06-2004
Posts: 60,090
BuckyB93 wrote:
Now might be a good time to bump up a little on your 401(k), IRA, Roth if you are investing for the long term and if you have some extra $ in reserve... dollar cost averaging.

When will it bottom out? Nobody knows... but time in the market beats trying to time the market. My kids will live longer then me (God willing) so I'll kick in some more on their UTMA accounts (shhh.... they don't know that they have them... at 21 it turns over to them as full authority but gonna try to find away to hide until they are like 25 or so)

We've been kicking the can down the road for over a decade or so. The COVID crash was not anything anyone could predict but we bounced back with and influx of free money printed by the powers that be.

A recession was inevitable even without it. Interest rates have been at an all time low for over a decade. The free money that we printed and gave away during the COVID fiasco tipped the scales and now it's time to pay the piper.

I think there is some stormy times ahead. I'm not an economist or an investment professional. It's very likely that I don't know what I'm talking about but I don't think it's going to be rainbows and roses for the next few years.


Might have to put off retirement.
Mr. Jones Offline
#15 Posted: Thu, Mar 16 2023, 9:38 AM EST
Joined: 06-12-2005
Posts: 19,443
All the people in BELARUS AND NIGERIA WHO STOLE MILLIONS OF DOLLARS FROM THE COVID RELIEF UNEMPLOYMENT AND PAYROLL SCAMS ARE LAUGHING THEIR ASSES OFF !!!

THOSE bastards will never get arrested...

They bought houses, real estate, businesses, automobiles, trucking companies and the such....
It was like getting a TAX FREE bank loan without applying or having to pay it back...E V.E.R.

HUNDREDS OF COMPTON CRIME FAMILY MEMBERS WITH CONVICT RELATIVES in the big huts all over California jumped on this scam too...slowly they are getting caught...but the money is g.o.n.e. forever...you can't garnish a criminal paycheck to get their money back because they have no real jobs...
Mr. Jones Offline
#16 Posted: Fri, Mar 17 2023, 10:24 AM EST
Joined: 06-12-2005
Posts: 19,443
FIRST REPUBLIC BANK in California...4th U.S. bank almost collapsed...on 3-16-23...

11? Or 9 massive U.S. banks contributed $30 billion of their own
$$$money...to save the bank from failure...
On the request from JANET YELLDN ( THE GRIFTER aLLeDgEdLy) and Jamie Dimon the j.p.morgan carnival barker snake Oil salesman aLLeDgEdLy...

It's still in Flux And perhaps not out of the woods to FAIL...
Mr. Jones Offline
#17 Posted: Fri, Mar 17 2023, 11:52 AM EST
Joined: 06-12-2005
Posts: 19,443
CREDIT SUISSE IN EUROPE...ZURICH BASED BAnk

SNB BNS HISTORIC LOW SHARE PRICE

Been dropping in price since 2020...

Major restructuring from 2021& 22 which set up the biggest restructuring losses to OCCUR IN 2023 ( LIKE RIGHT NOW IN MARCH 2023)

...ALL THEIR HISTORIC INVESTORS are tired of their crap...YANKING INVESTMFNTS AND ALL CASH INVESTED IN SAVINGS...all the upper echelon bank employees stealing , embezzling, making bad loans, sexual harassment lawsuits and anything else you can think of....

IM GUESSING THE 50 STORY BELOW GROUND PLEASURE PALACE BOMBSHELTER MAKES Kim Jon uhl s North Korean pleasure bunker LOOK LIKE ROMPER ROOM...THESE alledged nAZI PRICKS CREATED A REAL" LA LA LAND" DOWN THERE...
AND IT COST BILLIONS TO BUILD AND STOCK WITH BLOW, WHORES AND LIQOUR BEYOND COMPRHENSION...

If you ask me ??? ALL THAT WWII STOLEN K.R.A.U.T. MONEY IN
THEIR ZURICH SAFE DEPOSIT BOXES , ALL THE DRUG MONEY IN THEM TOO, ALL THE STOLEN ART IN THEIR VAULTS, ALL THE SECRET DEALINGS W/ ALL THE DICTATOR STOLEN MONEY FROM ALL OVER THE WORLD IN THEM VAULTS, ALL THE PETRO DOLLARS FROM OPEC HIDDEN IN THERE.....
CREATED A TOTAL DEMONIC DRIVEN ATMOSPHERE AMONGST THE BANK LEADERS...A FEELING OF TOTAL CONTROL AND BEHOLDING TO NO ONE EXCEPT...S.A.T.A.N....
THAT may sound strange? BUT billionaires and millionaires are very strange indeed....

That BANK IS EVIL INCARNATE....
Lehigh Valley Offline
#18 Posted: Fri, Mar 17 2023, 9:44 PM EST
Joined: 04-17-2021
Posts: 5
And this relates to cigars . . . how?
dkeage Offline
#19 Posted: Fri, Mar 17 2023, 9:50 PM EST
Joined: 03-05-2004
Posts: 15,155
Lehigh Valley wrote:
And this relates to cigars . . . how?

You’re gonna be fun
BuckyB93 Offline
#20 Posted: Fri, Mar 17 2023, 10:06 PM EST
Joined: 07-16-2004
Posts: 14,217
Lehigh Valley wrote:
And this relates to cigars . . . how?


It impacts the exchange rate between cigars and gubnerment cheese.... duh!
Mr. Jones Offline
#21 Posted: Sat, Mar 18 2023, 8:13 AM EST
Joined: 06-12-2005
Posts: 19,443
Who let this L.V. "J.O.K.E.R."?? INTO THE POLITICAL FORUM??

HE WHINES MORE THAN A GASH IN FLOW MODE...
MACS Offline
#22 Posted: Sat, Mar 18 2023, 8:21 AM EST
Joined: 02-26-2004
Posts: 79,823
^He prolly voted for Fetterman...
tonygraz Offline
#23 Posted: Sat, Mar 18 2023, 8:58 AM EST
Joined: 08-11-2008
Posts: 20,284
Hey brother can you spare a C-note?
rfenst Offline
#24 Posted: Sun, Mar 19 2023, 4:49 PM EST
Joined: 06-23-2007
Posts: 39,360
Any banker dealing with any type of securities or bonds KNOWS bond prices (cash value) fall when interest rates go up. None of this should come as a surprise to any bank invested in bonds or Treasury Notes.
BuckyB93 Offline
#25 Posted: Sun, Mar 19 2023, 5:40 PM EST
Joined: 07-16-2004
Posts: 14,217
For the past decade or so we've had historically low interest rates.

Typically when stocks zig, bonds zag and should be rather uncorrelated. With perfect storm we are in of both rising interest rates and rising inflation, both sides have been kicked in the nuts.

It's been an usual market the past year or so and the winds of change are on the horizon.

Will interest rates get to the level of the late 70's early 80's... hopefully not. Hopefully we learned the lessons from Paul Volcker's screw up stint running the Fed Reserve back then.
tonygraz Offline
#26 Posted: Sun, Mar 19 2023, 8:48 PM EST
Joined: 08-11-2008
Posts: 20,284
Mr. Jones wrote:
Did everybody lose all their money yet ?

When do the S.O.U.P. LINES START ??

WE NEED A W.P.A. NEW DEAL works PROJECT for "starving artists persecuted by the FBI"....SIGN ME UP !!!



Do you we start calling you "chicken little Jones" ?
8trackdisco Offline
#27 Posted: Mon, Mar 20 2023, 6:32 AM EST
Joined: 11-06-2004
Posts: 60,090
BuckyB93 wrote:

Will interest rates get to the level of the late 70's early 80's... hopefully not. Hopefully we learned the lessons from Paul Volcker's screw up stint running the Fed Reserve back then.


Bought a motorcycle in 1981. Loan for $1,500 @ 16.5% interest. Put a lot more thought into the bike than the interest rate at the time.
MACS Offline
#28 Posted: Mon, Mar 20 2023, 11:03 AM EST
Joined: 02-26-2004
Posts: 79,823
When I bought my house in 2000 I had an 8.5% interest rate. As soon as rates fell I refinanced to 5%, then when I could do so again... went down to 3%.

I really don't think you can find any home loans for less than 5-6% right now. Frying pan
rfenst Offline
#29 Posted: Mon, Mar 20 2023, 11:17 AM EST
Joined: 06-23-2007
Posts: 39,360
MACS wrote:
When I bought my house in 2000 I had an 8.5% interest rate. As soon as rates fell I refinanced to 5%, then when I could do so again... went down to 3%.

I really don't think you can find any home loans for less than 5-6% right now. Frying pan

More like 6+%. We got spoiled rotten, but I am locked in at 3% from a refinance 2+ years ago! Nevertheless, higher rates suck!ram27bat
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