Quote from: Lucius on Today at 04:00:20 PM

Quote from: o_e_l_e_o on Today at 12:37:02 PM

FDIC insurance has $128 billion in assets. The deposits less than $250,000 that they insure total $23.7 trillion. This means that 99.5% of deposits are uncovered. What happens when a couple more banks go under and the FDIC can't cover them? You guessed it! Money printer goes brrrrr!

There is always a simple solution for the government because they have mechanisms that can manage almost any situation. Printing money is the only thing that saves them at the moment, and they will do it regardless of what the implications are for ordinary people. I read that many, including Powell himself, knew what was happening in SVB even 1 year ago, but they did not do anything, as if it was more convenient for them to have what is happening today.

I don't want to get into any conspiracy theories, but I think that in high politics and business, nothing happens by chance. In that case, we have to ask ourselves what is the ultimate goal of everything that has been happening in the last 4-5 years?

That's what I have seen on a news recently that's why the VCs from Israel did withdraw thier money a week before the collapse.
The FED will pivot so they say when they sense something is broken and well, everything seems to be broken already.

Powell must have had the worse years of his life since e the time they started this QE. Reducing inflation is not an easy task when the government had already printed Trillions for people to lie down and get stimi.