Comments by "Debany Doombringer" (@debanydoombringer1385) on "Is Tomorrow Bloody Monday? Silicon Valley Bank in Focus" video.

@alexphilipose1351 They removed those completely during the pandemic. That's why increasing the interest rate was never going to have a big impact on inflation. You raise it because due to the banks required to keep a certain percentage of what they've loaned out on hand, a higher interest rate removes money from circulation. It's then pulled from the bank's holdings and removed from the entire supply. Banks are no longer required to keep 10% on hand so nothing is being removed from active circulation. Add in that now money in savings including retirement funds is considered "in circulation" (which it isn't obviously because it's not being circulated within the economy) and it's just a mess right now.
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Not true. Interest rates were back to normal levels under Trump until the pandemic. This is the economic impact of Obama keeping them artificially low though, that much is correct. Whenever there big economic downturn you look back to policies implemented about 10 years before because that's how long it take a policy to completely impact the economy. You'll have short term things, but the full impact takes about 10 years.
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@ReformedSauron Yes and no. Only one position on the board is held by a government appointee. That's the chairman. The rest of the board is made up of private individuals who represent the private institutions. The government can put pressure on their appointee and on the members, but it doesn't control the organization. Edit: Government money pays a lot of people's salaries that don't directly work for the government so that's a bad standard to use to claim they're a government agency. It's a central bank like every country has and not this country's first creation of one. They are all run independently from the government.
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@bigneiltoo Partially, but not the main cause. That's what the small recession, inflation, and supply chain problems were from. This is because what caused 2008 has never been adequately addressed or corrected. The same loan incentives that caused the housing crash was shifted to business loans. Particularly small businesses. The checks that were put in place to prevent big swings in the economy were removed under Clinton and never fully restored, even though Obama kept swearing he was going to do it. The pressure came during the lockdowns, but not because people were being given money. It's because businesses and investors believed they were going to last at least around 4 years and cause a total shift in the economy to one based on conveniences of availability at home. That society would change to no longer want to leave their homes at all. Ya know, live in the pod and eat the bugs. The opposite happened and people rushed to do things outside and do things in person again. Combine that total miscalculation with loan incentives for those in "marginalized groups" who normally wouldn't qualify for a business loan and we have a 2008 repeat.
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@nonyadamnbusiness9887 You can't feed your family on government promises. You'll get reimbursed at the speed of government which everyone knows works at a snail's pace. Anyone that's ever had to deal with getting any type of disaster relief knows that. So yes, getting what's left of your last paycheck out is a good idea.
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@umiluv There was no FDIC during the Great Depression. So when a bank went under, if your money was in it, it went poof. The FDIC, if the government can even cover everyone, is an insurance that takes time to collect from. What good is it when your bills are piling up and there's a hold on your account while you wait for the FDIC to finally kick in? Is that going to buy food? "I promise grocery store chain, my account is good. It's just currently locked, but funds are there once the government gets around to it!"
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It'll affect online business for sure. Fortunately we have our money spread out with some in a credit union. So if we lose access to the bulk we'll still be able to keep going.
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Wouldn't you just adjust and work later to make up the difference? Like was done before daylight savings time? It doesn't change how many hours the sun is in the sky.
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