It’s annoying that the real problem with banking isn’t being addressed, and everyone is going about and using this latest “crisis” as an excuse to push their agendas.
The Fed, raising interests rates — how does that help? The people buying up all the homes don’t need a damn loan, they are busy using up huge piles of cash to create local monopolies. So — that bunch of bull managed to stick and now they’ve got to have some new crisis for opportunists with lots of money.
So now we’ve got this new bank crisis. When the REAL problem that caused the “crisis” at SVB is that a few people can pull over $40 billion out of an account all of a sudden. And it’s really crazy that the bankers have no control over that. They weren’t insolvent. They weren’t broke. They just couldn’t cough up that much cash because some billionaires were spooked by some other billionaire yelling “recession!” And how do you get a recession? People don’t want to spend money. Their efforts to stop inflation are ignoring that there isn’t any inflation — it’s also a bunch of people with too much money and power, in a “marketplace” that isn’t really competitive, and they can just raise their prices. Because they like money.
It makes me want to scream how much everyone is expertly ignoring the actual problems these days. And how many people buy it.
Bawbawian says
I mean I’m ignorant as fuck.
but it definitely seems like Swiss banking is only a way to launder money and hide stolen assets.
Fake_William_Shatner says
It’s annoying that the real problem with banking isn’t being addressed, and everyone is going about and using this latest “crisis” as an excuse to push their agendas.
The Fed, raising interests rates — how does that help? The people buying up all the homes don’t need a damn loan, they are busy using up huge piles of cash to create local monopolies. So — that bunch of bull managed to stick and now they’ve got to have some new crisis for opportunists with lots of money.
So now we’ve got this new bank crisis. When the REAL problem that caused the “crisis” at SVB is that a few people can pull over $40 billion out of an account all of a sudden. And it’s really crazy that the bankers have no control over that. They weren’t insolvent. They weren’t broke. They just couldn’t cough up that much cash because some billionaires were spooked by some other billionaire yelling “recession!” And how do you get a recession? People don’t want to spend money. Their efforts to stop inflation are ignoring that there isn’t any inflation — it’s also a bunch of people with too much money and power, in a “marketplace” that isn’t really competitive, and they can just raise their prices. Because they like money.
It makes me want to scream how much everyone is expertly ignoring the actual problems these days. And how many people buy it.