Get out of small/mid/regional banks.

**Snowball** · 03-13-2023, 12:25 PM

They can't handle this fast of an increase in rates. They can't afford to pay the rate.

Their incomes are locked in at near-zero low rates, which was mandated and supported over a 15 year period.

Now, the flip... and no way to pay off depositors... this fits the program to consolidate banking capital as the Fed plays games, feeding its favorites, and letting the S&L's, credit unions, smaller regionals fail...

all it takes is 10-12% of depositors to withdraw and they are insolvent because the interest rate flipped against them, and the economy is no longer hot enough to keep the money flowing. Lock up, lock down, and lock doors. Be warned.

**tod evans** · 03-13-2023, 12:28 PM

Originally Posted by Snowball

They can't handle this fast of an increase in rates. They can't afford to pay the rate.

Their incomes are locked in at near-zero low rates, which was mandated and supported over a 15 year period.

Now, the flip... and no way to pay off depositors... this fits the program to consolidate banking capital as the Fed plays games, feeding its favorites, and letting the S&L's, credit unions, smaller regionals fail...

all it takes is 10-12% of depositors to withdraw and they are insolvent because the interest rate flipped against them.

I'll be sticking with my local bank.

**ClaytonB** · 03-13-2023, 02:38 PM

Seconding tod evans. This is classic agitprop scare-mongering. Biden needs to look heroic, so the collapse of a crypto speculation firm with the word "bank" in its name is a very useful crisis that will not go to waste. The big national banks are immune from certain political risks, but the financial rot increases the higher up the chain you go. Local banks know that they are unlikely to get bailed out in the event of a widespread banking crisis (banking runs on the golden-rule... who has the gold, makes the rules), so they have to keep very conservative balance sheets. Of course, they're still fractional-reserve, so they're still technically defunct like all other banks, but their reserves will tend to be proportionally higher than the bigger concerns that have much higher political capital and so can afford much higher risks.

The ideal scenario is to have your assets spread across as many political boundaries as you can safely manage. A financial collapse in China is not likely to spread to US. A collapse in Swiss banking is unlikely to spread to Singapore. And so on and so forth. Local banks/investors will almost always be more conservative than their national counterparts. Political diversification is arguably more important than asset diversification. Markets usually recover if you can hold out long enough. Political collapse tends to strike like a tsunami and wipe the slate...

**oyarde** · 03-13-2023, 02:43 PM

I would never keep money in a bank over the insured amount but Ive not kept much there anyway. If I have too much Id buy land and gold with it.

**ClaytonB** · 03-13-2023, 03:18 PM

The bankster-run Western financial system is not a safe place to store your assets, at least, it is not safe to hold all your assets only in Western countries. The spectre of full-blown Marxism has been on the horizon for decades but with Wokism, it is metamorphizing into full-blown communism. It is a new strain of communism -- not directly administered by the State, instead, it is administered by "private" corporations and entities, backed by the State (and the central bank). But it is communism nonetheless. They aim for nothing less than total asset-seizure of all citizens who are not "plugged in" to the Beast World Order. That means you and me...

Don't be driven by fear, but it's time to batten down your financial hatches folks!

@31:55