capitalism
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- shapesalad3
- Credit Sussie not on there but would be biggest if it was.shapesalad
- Too Big to Fail, LOLutopian
- Capitalism doesn't work. Socialist/Communist economics have been condemned for less than this.i_monk
- Two of these banks had more money than Venezuela's entire GDP.i_monk
- You mean assets. Banks hold very very little actual money. This is why they actually fail like we've seen these weeks.grafician
- jonny_quest_lives2
Dear readers,
After nearly 25 years of operation, DPReview will be closing in the near future. This difficult decision is part of the annual operating plan review that our parent company shared earlier this year.
The site will remain active until April 10, and the editorial team is still working on reviews and looking forward to delivering some of our best-ever content.
Everyone on our staff was a reader and fan of DPReview before working here, and we’re grateful for the communities that formed around the site.
Thank you for your support over the years, and we hope you’ll join us in the coming weeks as we celebrate this journey.
Sincerely,
Scott Everett
General Manager - DPReview.comhttps://www.dpreview.com/news/59…
PARENT COMPANY = AMAZON
https://www.aboutamazon.com/news…- :(ok_not_ok
- why don't they sell it? and keep it going?shapesalad
- grafician0
- Followers of Eurodollar University over on YouTube have been listening to Jeff snider describe this coming for weeks.shapesalad
- PhanLo11
- prompt?neverscared
- angry flower in the style of Cuphead.
And flower that should be butchered on their doorstep in front of their family members as a reminder that theft is theft.PhanLo - ...and bitcoin just hit $27k per coin.shapesalad
- ok i LOLdHayoth
- Thanks a bunch, now I have to pick up Cuphead again. This is an easy boss, but god damn that game is brutal.garbage
- True Capitalism!utopian
- grafician-1
"BREAKING: Wall Street Journal reports economists found 186 banks that could be prone to similar risks as Silicon Valley Bank"
- "BREAKING: UBS in talks to buy Credit Suisse"grafician
- A note: you can't have startups and basic old school banking. Also you can't have 10Y bonds vs. bank run liquidity needsgrafician
- Thiel called his buddies to withdraw = bank run = SVB fell. Many other banks need to liquidate long term bonds on a bank run
Mather of fact most of US banks...grafician - And no, this time the Fed can't QE out of it. Stay in cash and trade wisely, 50-100% gains on the table dailygrafician
- shapesalad1
FTX lost $8.9 billion. FED/Gov does nothing, no bailout for regular folks.
SVB # $70 billion in uninsured deposits+
Signature $79 billion in uninsured deposits+
First Republic = $30b given to prop it up.Total = $179 billion...
Clearly we need more warnings that crypto is a scam and bitcoin is rat poison...
- I'm having an issue with my # = keysshapesalad
- Fed has said from day one nothing is insured. That was the pointmonospaced
- lol how much did you bought again?!grafician
- utopian0
- Did you fail high school economics? Do you have any clue how inflation works? My fucking lord is the American education system is broken.hotroddy
- If you are the sample size of the IQ of every american than You can ironically post this in America is fucked threadhotroddy
- yes, your conclusion is correct - the eggs and poultry people are gauging you.hotroddy
- HotKnobby Economics 101utopian
- next, you're going to suggest putting price controls on eggshotroddy
- Its called Global greedflation!utopian
- Besides being clueless, ignorant and stupid, you are completely soulless.utopian
- global greedflation, eh? Who coined that term? Corky from the show 'life goes on'?hotroddy
- soulless because I don't blame capitalism for your shitty life? then yes, I'm soulless.hotroddy
- When price increases great exceed cost increases, it's not inflation. When an industry raises all prices in lockstep it's collusion, not inflation.i_monk
- yes, all the egg farmers across the world cahoot. it's a new word to blame it on capitalism instead of socialist policies called 'greedflation'hotroddy
- *in cahoot.hotroddy
- shapesalad2
- When you have time to spend being gender fluid, you don't have time to manage a bank...shapesalad
- Bring your fetish to work dayi_monk
- Think ze won woman banker of the year not that long agoGnash
- They said women would make the world better. And we listened. We listened.palimpsest
- Go woke, go brokecrazyprick
- Simon beat-off materialutopian
- i suisse what you did thereAQUTE
- Good for them! If they are happy then who the fuck cares..hydro74
- All the people with money in that failing bank probably care.ETM
- you're cute.. but part of the reason was Trumps Deregulations, not because they went 'non-binary'.hydro74
- Who the fuk cares. If anything kinda cool that they're not some normal banker bro....inteliboy
- But they fucked up, both.sted
- @hydro74... I think you're thinking about SVB. Credit Suisse's issues have a long history, and have little to do with USA/Trump policies.ETM
- @ETM oh, true.. Just saw the news on the Swiss meltdownhydro74
- Large institutions like banks, spend a lot of money + time these days on woke stuff. Weekly emails on it eating up everyone’s time. Time better spent.shapesalad
- I don't imagine working with him is easy either, policing everything they say because he can claim any disagreement as 'phobia.i_monk
- Lol like they got hired because of their views are trendy and fit into the woke culture. These things don't work like in the tabloid world :)))sted
- @i_monk yeah, and results in absolutely constructive things, as we can see it.sted
- Just because they're trans doesn't mean they won't fuck the global economy in the ass.jmckinno
- neverscared0
- capitalism?palimpsest
- UK this week, chancellor want retire early people to keep working. Childcare to get mums back to work...shapesalad
- In the 1920's... one man could work 9-5, provide for a family, and retire at 65. If you asked them how working life would be in the 2020's...shapesalad
- .. they would imagine flying cars, robots, magical electronics etc all doing work for us, as we sit with our feet up.shapesalad
- However, due to Ponzi fait constantly being diluted, debt expanding... we are now working longer hours, you need two parents working to cover costs, you need toshapesalad
- keep working until beyond 65+ before pensions kick in. And people aged 35 live at their parents home as houses are too expensive.shapesalad
- Now we have ChatGPT and AI images - one can expect we'll have to work even longer hours and retire at 100, if the trend continues...shapesalad
- It's a fucking mess.shapesalad
- Dish washers, washing machines, self driving cars... doesn't mean we get to work less, means we actually have to work more.shapesalad
- It's a mess, but it's more from greed. While our debt is a problem, we have plenty of money. It's just those with the power/money don't want to share.formed
- “The world has enough for everyone's need, but not enough for everyone's greed.”
― Mahatma Gandhiformed
- utopian1
‘Global greedflation’: big firms ‘driving shopping bills to record highs’
Large corporations have fuelled inflation with price increases that go beyond rising costs of raw materials and wages, pushing shopping bills to record highs, according to an analysis of hundreds of company accounts.
Highlighting a trend dubbed “greedflation”, the research indicates that supermarkets, food manufacturers and shipping companies are among hundreds of major firms who have improved their profits and protected shareholder dividends, giving an extra lift to prices, while the cost of living crisis has meant workers face the biggest fall in living standards in a century.
- Never let the truth get in the way of a good story Knobby.utopian
- The article admits there has been significant wholesale price inflation. So basically the farmers are profiteering off eggs.hotroddy
- nothing about the rising energy cost and fertilizer prices, transporation costs, supply chain crunch caused by those who wanted to shutdown economy 4 covidhotroddy
- farmers stuffing their mouths with cashhotroddy
- shapesalad1
The Swiss banking crisis has come about because at the call of USA they seized Russian deposits at the bank. Ending trust. 100s of wealthy Chinese etc pulled their money out. Compounded by the banks management vying risky assets a few years ago and negative yielding bonds.
Which bank is 100% trustable? The one you don’t have to trust at all, born in the ashes of the last financial crisis: Bitcoin.
- Thanks but I'm waiting for grafician's expert opinion on economics and the banking industry.NBQ00
- this.robthelad
- or something real, like goldformed
- stay in cash and 1Y treasuriesgrafician
- anything else is gambling at this pointgrafician
- The snow nazis fucking things up again.PhanLo
- I find it funny how they blaming crypto and crypto VC's for it all.... perfect scapegoatinteliboy
- Because it's crypto's fault mate :)
If you deposit $10 to a bank, use it to buy crypto, crypto goes to 899303% up and you withdraw all of a sudden $5.6M...grafician - < also you're wrong, it's was just a liquidity problem turned to solvency problems
Read on, it was Thiel who sparked the fire
also fuck bitcongrafician - < also weren't you fired from a crypto firm? :)))
and now you're back on the crypto wagon?!
oh boygrafician
- NBQ000
Another bank bites the dust.
(First Republic Bank)
- I prefer Fat Bottomed Banks and I want to Bank Free.Morning_star
- Bounced back because other banks lend it $20-30B
They can't afford a total national wide bank run and trust in banks fadegrafician - Fade to bank™grafician
- utopian1
Capitalism in a Nutshell
- Video unavailable.shapesalad
- Just watching this. Scary stuff.instrmntl
- shapesalad2
- I take it back... bitcoin = a buy.shapesalad
- And at the same time Russia pretty much piss on a USA drone, right next to a stubborn war zone...shapesalad
- I take it back...Russian rubles = a buy.utopian
- Continuity1
"SVB collapse may be start of ‘slow rolling crisis’, warns BlackRock boss"
"The collapse of Silicon Valley Bank could just be the start of “a “slow rolling crisis” in the US financial system with “more seizures and shutdowns coming”, the chief executive of the world’s largest asset manager has warned.
The CEO of BlackRock, Larry Fink, also predicted in a letter to investors and company bosses that inflation would persist and rates continue to rise, trends that both contributed to SVB’s collapse."
- Gnash1
- Looks like all the fellas in shoreditch...shapesalad
- Funnily enough, it's very close to how I imagined you looked Shapefadein11
- gnash is constantly triggered by people with coloured hair. he can't help himself, like Tourettes lolface_melter
- The hair is just the icingGnash
- personal pronouns are..autoflavour
- shapesalad2
Facebook parent company Meta confirms 10,000 layoffs in coming months...