Global banking crisis
- Queen K
- Queen of the Castle
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Global banking crisis
What Covid didn't do in 2020 appears to be picked up by the newest, latest crisis in 2023.
The global banking crisis. Watching banks fail in the States is awe inspiring because we assume there will be no contagion in Canada. Is that a fair assessment though?
Is Europe only holding it together? you can only drain your lending power to various sources and causes for just so long.
https://www.cnn.com/business/live-news/ ... index.html
The global banking crisis. Watching banks fail in the States is awe inspiring because we assume there will be no contagion in Canada. Is that a fair assessment though?
Is Europe only holding it together? you can only drain your lending power to various sources and causes for just so long.
https://www.cnn.com/business/live-news/ ... index.html
As WW3 develops, no one is going to be dissing the "preppers." What have you done?
- GordonH
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Re: Global banking crisis
This is most likely bringing a huge smile/laughter to both Xi Jinping & Vladimir Putin.
I don't give a damn whether people/posters like me or dislike me, I'm not on earth to win any popularity contests.
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- Grand Pooh-bah
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Re: Global banking crisis
we"ll get the usual "no one could have seen this coming!"
- Queen K
- Queen of the Castle
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- Joined: Jan 31st, 2007, 11:39 am
Re: Global banking crisis
Expect more turbulance in banking.
Ya errr, so what now? Cash under the mattress?
https://www.cnn.com/2023/03/25/business ... index.html
Ya errr, so what now? Cash under the mattress?
https://www.cnn.com/2023/03/25/business ... index.html
As WW3 develops, no one is going to be dissing the "preppers." What have you done?
- GordonH
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Re: Global banking crisis
Probably better off converting true savings into silver or gold instead of cash under the mattress.Queen K wrote: ↑Mar 25th, 2023, 8:21 am Expect more turbulance in banking.
Ya errr, so what now? Cash under the mattress?
https://www.cnn.com/2023/03/25/business ... index.html
I don't give a damn whether people/posters like me or dislike me, I'm not on earth to win any popularity contests.
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- Grand Pooh-bah
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Re: Global banking crisis
No problem, Yellen said everybody's deposits are covered... gamble away Wall St!
- GordonH
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Re: Global banking crisis
CDIC Guarantees up to $100,000... those who have more then that in their bank, should seriously think about convert extra amount into Silver or Gold.
https://www.cdic.ca/
I don't give a damn whether people/posters like me or dislike me, I'm not on earth to win any popularity contests.
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- Grand Pooh-bah
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Re: Global banking crisis
Thats for the little people, there's a reason I bought a bunch of Senators.
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- Grand Pooh-bah
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Re: Global banking crisis
Yellen earned $7 million in speaking fees in 2019/20 before she got her current gig. Speaking to whom? Hedge funds, Investment banks etc. The stench of corruption is sickening.
- Bsuds
- The Wagon Master
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Re: Global banking crisis
Take note that many credit unions are not covered by CDIC
I got Married because I was sick and tired of finishing my own sentences.
That's worked out great for me!
That's worked out great for me!
- alanjh595
- Banned
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Re: Global banking crisis
Funny that mention that. I just bought 2 bars on Friday. Each went up in value $100 by Saturday morning.GordonH wrote: ↑Mar 25th, 2023, 8:39 pmCDIC Guarantees up to $100,000... those who have more then that in their bank, should seriously think about convert extra amount into Silver or Gold.
https://www.cdic.ca/
Bring back the LIKE button.
- GordonH
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Re: Global banking crisis
They are insured by https://www.bcfsa.ca/public-resources/c ... -insurance
I don't give a damn whether people/posters like me or dislike me, I'm not on earth to win any popularity contests.
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- Guru
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Re: Global banking crisis
The fed and other banks are battling two divergent issues right now: raising rates to tame inflation and conversely to save the banks and the economy by keeping rates low.
I have $$ in gold ETF's, would be nice to have some bullion buried in the back yard though.
I have $$ in gold ETF's, would be nice to have some bullion buried in the back yard though.
I am not wealthy but I am rich
- Bsuds
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Re: Global banking crisis
good to knowGordonH wrote: ↑Mar 26th, 2023, 6:43 amThey are insured by https://www.bcfsa.ca/public-resources/c ... -insurance
I got Married because I was sick and tired of finishing my own sentences.
That's worked out great for me!
That's worked out great for me!
- alanjh595
- Banned
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Re: Global banking crisis
I just got the invoice 20 minutes ago and discovered that I made $132/bar while having my afternoon nap on Friday.alanjh595 wrote: ↑Mar 26th, 2023, 6:20 amFunny that mention that. I just bought 2 bars on Friday. Each went up in value $100 by Saturday morning.GordonH wrote: ↑Mar 25th, 2023, 8:39 pm
CDIC Guarantees up to $100,000... those who have more then that in their bank, should seriously think about convert extra amount into Silver or Gold.
https://www.cdic.ca/
Capture 1.jpg
I have ordered 2 more bars for tomorrow.
On Friday, I physically received 1 bar, and 1 to be picked up on Monday at the same price (they ran out).
I have lost faith in our banking system and their power to seize/freeze our deposits due to suspicious activities such as what happened during the Truckers Occupation of Ottawa.
Bring back the LIKE button.