Posted on 03/13/2023 2:49:02 PM PDT by george76
The Biden Economy — .. falling apart, everything, everywhere all at once. NYSE halted trading of Charles Schwab, whose shares fell by more than 20%, and even a few Etsy sellers have been impacted by the fallout of Silicon Valley Bank’s (SVB) collapse.
Schwab’s fall was the firm’s “most ever on an intraday-basis,”
...
Signature Bank, “a key financial institution for the cryptocurrency industry,” according to the New York Post, was shut down on Sunday over “similar systemic risk” to SVB.
SVB and Signature are the second- and third-largest bank failures in U.S. history, respectively, with combined assets in excess of $300 billion.
...
Investment holdings at SVB, however, are wiped out.
...
“I would be surprised if there weren’t other things that break.
...
When Biden took office, inflation was at 1.4% and gas was $2.39/gal. Today, inflation is at 6.4% and gas is $3.47/gal.”
And that was before the big bills starting coming due for three years spent shutting down and re-regulating the economy while printing up trillions in funny money.
(Excerpt) Read more at pjmedia.com ...
If the plan is to crash the American economy this is how I’d do it.
But, no mean tweets! *SPIT*
Jim Cramer sez that JP Morgan is solid.
just think what could happen, Biden assumes room temperature having to deal with all the stress of a potential world war between Russia and China and a crashing economy all at the same time.
Then Kamala takes over, which effectively means an end of the USA as we know it.
I don’t know of anything that would make me laugh that hard - unless it was dems being tossed out of Congress on their ears or??????
But it’s strong as hell. He said so. Would Joe Biden lie? Y-you mean the Kabul pullout was NOT a glorious triumph?
That means its time to short them!
dynachrome wrote:
“
Jim Cramer sez that JP Morgan is solid.
“
When did he say this?
This is why libtards have to steal from others - they’re too stupid to honestly earn money but great at going bankrupt
Mission Accomplished!
“Signature Bank, “a key financial institution for the cryptocurrency industry...was shut down.”
It is possible that keeping cryptocurrency afloat is not the job of the Fed.
It is possible that keeping cryptocurrency afloat is not the job of the Fed.
It is more like the job of the Fed is to participate in replacing private crypto with government crypto. Bidencoin.
Mission accomplished! 😖😡
Its the Jim Cramer 180 degree rule!
“Jim Cramer sez that JP Morgan is solid.”
Then JP Morgan is DOOMED.
If this is all by design, then they may not bounce back.
Genius isn’t he?
Great title. Only change I would make would be to call it the Burden economy.
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