Comments by "Reformed Sauron" (@ReformedSauron) on "Is Tomorrow Bloody Monday? Silicon Valley Bank in Focus" video.

  1. They are not a private agency, they are simply an independent agency of the federal government (meaning they are not under the purview of a cabinet department such as the Treasury). The IRS is in the same situation actually. Your tax dollars pay every Federal Reserve employees' salaries. The heads of the Federal Reserve are appointed by members of the United States government. The Federal reserve was created via an act of Congress. It is not private. It is by definition a State Bank. It ought to be abolished.
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  2. Just don't let fear overpower your logical financial thinking. Be careful out there.
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  3. No matter what happens I really hope we are done with bailouts. Bailouts are an affront to a true capitalism. That being said this could still get ugly.
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  4. Clankdom Invictus 🥄 ☕
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  5. Only if it affects things around you. Businesses and such and such. If your employer, or supplier/partner company of your employer relies on one of these businesses that had money in that bank then you might be a bit concerned. It's sort of like ripples. Depending on how far you are away from the impact you could feel a lot, or very little at all. Hopefully little.
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  6. Not as many as you'd think, but then again those people who would think that will be the only ones getting a large voice. No one ever considers people who are largely quiet but still look at the situation. Of the two opposing sides that people quiet are largely also looking at it accurately with one side. As for leadership we could use more of them that has such a vision but in the end if you want that, you cannot just wait around for it to happen you actually have to get out there and do things in your spare time to make it happen. That kind of thing takes sacrifice.
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  7. Spare some Shekels?
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  8. ​​​​ @Knirin  I didn't say it would be an easy choice. But if the FDIC cannot cover it then I think there needs to be reform at the FDIC. Bailouts have always been a temporary fix for a few years but always lead to greater problems in future. Always. If you want to fix this you have to swallow some sour medicine. Banks that always have a constant government lifeline are not going to be as careful because they have the assurance that they will have a bailout. True capitalism gives no such assurance. If you want that assurance, go to state managed economic systems a la socialism. It's practically semi nationalized if you do that. We already have too much of that influence in our own, and it is clear a mixed economic model does not work, it is conflicted between the 2 styles mixed.
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  9. It once had great use, but now it is defunct because of technology advancements.
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  10. That's probably not the primary reason behind Ukraine, it's just a " side benefit". They're just good at finding ways of exploiting situations. If distraction happens to be one of the ways they can exploit things, so be it.
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  11. And what do you suggest?
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  12. Let them wallow in their increasing irrelevance.
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  13. Explain please.
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  14. The outright "depression" is the only thing Trump has predicted that has not yet occurred under the Biden administration, and I'm hoping it does not come to pass. It probably will end up being a deep recession though at the very least.
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