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Originally posted by 6IXSTRINGJACK:
When everybody is sanctioned, nobody is sanctioned.

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Originally posted by CAPTAINCRUNCH:

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Originally posted by 6IXSTRINGJACK:
When everybody is sanctioned, nobody is sanctioned.

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Who’s being sanctioned? No one is being sanctioned.

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Originally posted by CAPTAINCRUNCH:

Who’s being sanctioned? No one is being sanctioned.[

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Originally posted by SignyM:

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Originally posted by CAPTAINCRUNCH:

Who’s being sanctioned? No one is being sanctioned.[

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I see you've given up on any semblance of credibility.

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Originally posted by 6IXSTRINGJACK:
Did you lose your internet while you were living under that rock for a year, Cap'n?

https://www.atlanticcouncil.org/blogs/econographics/global-sanctions-d
ashboard-groundhog-edition/

Here's a fun little map for you, assuming that your brain thinks in pictures instead of words like Ted's does. I don't remember. It's been so long since I've had to deal with your particular brand of dumb-assery that I'd purged it from my memory banks long before you came back.

It is unclear from the map if any country has put any sanctions on the Penguins of Antarctica yet.

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Originally posted by JAYNEZTOWN:
Well as long as Gasoline Prices Don't Rise AGAIN !?

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Originally posted by SIGNYM:
The expanded BRICS (to include Iran and Argentina. Saudi Arabia also wants to join, along with another dozen or so nations https://www.silkroadbriefing.com/news/2022/11/09/the-new-candidate-cou
ntries-for-brics-expansion/and) are working on a common currency. The dollar may, or may not, increase in value relative to other western currencies but its circulation will diminish.

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Pity would be no more,
If we did not MAKE someone poor - William Blake

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Originally posted by SIGNYM:
Well I pulled up the site itself. It seems very China-centric.

But the fact is that I've heard about the expanded BRICS and their new (potential) common currency from many sources bc of it's recent meeting in China, and plans for a non-dollar common currency

https://markets.businessinsider.com/news/currencies/dollar-dominance-r
ussia-china-rouble-yuan-brics-reserve-currency-imf-2022-6


There are just too many references in too many places for me to doubt the authenticity of the info. I just grabbed the article with the most comprehensive list of BRICS applicants and potential BRICS applicants.

If Saudi Arabia really joins it would certainly weaken the role of the US dollar in the oil trade, and therefore weaken the necessity of keeping USD as a reserve currency.

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Pity would be no more,
If we did not MAKE someone poor - William Blake

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Originally posted by 6IXSTRINGJACK:
It's even more than that though.

We in America are beneficiaries to the fact that the REAL PTB based their whole empire off of the USD.

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Quote:

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Originally posted by SIGNYM:

Quote:

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Originally posted by 6IXSTRINGJACK:
It's even more than that though.

We in America are beneficiaries to the fact that the REAL PTB based their whole empire off of the USD.

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Only true to a certain extent. Bill Gates for example has moved gisxwralth into more durable assets: farmland and the Svarlsbaard seed bank. Others have moved their assets into stocks. Others are in the Euro or the yen. USD makes up a large part of reserve currency but something else makes up the other 40-45pct.

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6IXSTRINGJACK:
It's even more than that though.
We in America are beneficiaries to the fact that the REAL PTB based their whole empire off of the USD.

SIGNY: Only true to a certain extent. Bill Gates for example has moved his wealth into more durable assets: farmland and the Svarlsbaard seed bank. Others have moved their assets into stocks. Others are in the Euro or the yen. USD makes up a large part of reserve currency but something else makes up the other 40-45pct.

SIX: Yes. But it's still the base, and even amid the current volatility of everything, it's still the most reliable asset to hold onto. This is by design.

In other words, it's not a Bug that the rest of the world is suffering from inflation, recession and financial turmoil at the same time that America is. It's a Feature.

Now unless they have a particular gripe against the US that they find so irredeemably egregious that they have no choice but to switch currency, think of the logistics involved in that. TPTB wouldn't want to make a move so drastic and with such unpredictable results unless they knew full well that they had complete control over the outcome from the get go. And as you've illustrated above, any attempt at middle-management "leaders" trying to do so on their own ends up with their cities being turned to rubble.

People the world round can say all they want about the weakness of the US Military, but all that is is talk. Our military dwarfs the rest of the world's military and gets larger and larger cash infusions nearly every single year, and despite that fact it does practically nothing but "exist".

Incidentally... Screw NATO. If it weren't for the fact that it would trigger WWIII, the US Military could invade Russia today and turn Moscow to rubble by the end of the weekend if it were directed to. But TPTB have no interest in owning a world that is on fire.

SIGNY: I can't imagine how. The first thing any invading nation does is wipe out the target's air defenses: radar stations, air bases, air fleets, communications, satellites and AWACS-tyoe planes, anti-aircraft batteries. Then they can go to town with command centers, fuel depots, military bases, munitions, etc and, finally, send in the troops.

But Russia has powerful air defenses. And where does the USA launch this attack from?? Yes, we have bases across Europe, but the total number of USA troops in Europe is about 90,000. https://news.yahoo.com/explainer-how-many-american-troops-are-in-europ
e-134927726.html it would take a lot more than that to invade Russia. And Europe is already scraping the bottom of the barrel in terms of weapons to send to Ukraine.

It took GWB six months to assemble the 500,000 men he thought necessary to invade Iraq. We wouldn't be allowed the time -or the convoys necessary - to invade Russia, since Russia has very capable anti-ship missiles. So unless we're willing to go nuclear, the idea of conquering Moscow is just a dream.

SIX: None of these were/are real wars. I mean REAL wars that have large amounts of human casualties on both sides.

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SIX: Also incidentally... I believe this to be the big push against Russia right now when China clearly is the world's largest power guilty of the most egregious crimes against humanity and its own citizenry. Russia is a threat to nobody. But Russia also isn't easily bought off by TPTB like the US Government or fully on board with enslaving its people like China is.

Maybe this is the big push toward digital currency? Maybe this is why we currently have a white house press release hinting at the US switching toward a digital currency instead of cash?

If TPTB created digital currency and weened the world off of the USD and all other international currencies over the course of say, a few decades, they'd have complete control over it, and in turn practically over everyone on the planet. Nobody would be able to fight against it. Every single transaction you ever make will be logged. Do you like eating food? Well then, hop in the machine, Cog, and give thanks to your overlord for allowing you this opportunity. If you ever step out of line you will starve to death. Anybody found guilty of trying to feed, clothe or house somebody cut off from the digital currency will be found guilty of treason.

Hell... they could even make your currency have an expiration date so whatever you don't spend at the end of the month is lost and you can never save for a better future, both ensuring the "consumerism" economy chugs along until the sun explodes and essentially enslaving you to the whims of the system from the moment you're born until the day you die.

That's the only outcome I'm concerned about. Worrying about China and the Middle East making their own little currency to fight the Big Bad Dollar is cute.[

SIX: I agree with Russia not being bought iff.

China OTOH has an implicit deal with its people: wecraise your standard of living and youbputvup with our authoritarianism. It's not a one-way deal. So far, it seems to be working for China, altho personally I feel that China made a deal with the devil when it integrated itself into western economy.

SIX: Not unrelated, I did just finish my post in the "Democrats Only" thread up with essentially the same notion, but on a worldwide scale rather than just China.

http://fireflyfans.net/mthread.aspx?bid=18&tid=61954&mid=11653
79#1165379

Originally posted by 6IXSTRINGJACK:
The sad truth is, if TPTB want to convert the world currency to Cryptofascism, there's not a damn thing any one of us can do about it. The even sadder truth is that when that world inevitably comes to be our reality, submitting your free will and living inside the confines of Cryptofascism will be a better life than any alternative.

Rat's in a cage.

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Quote:

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Originally posted by SIGNYM:

Quote:

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6IXSTRINGJACK:
It's even more than that though.
We in America are beneficiaries to the fact that the REAL PTB based their whole empire off of the USD.

SIGNY: Only true to a certain extent. Bill Gates for example has moved his wealth into more durable assets: farmland and the Svarlsbaard seed bank. Others have moved their assets into stocks. Others are in the Euro or the yen. USD makes up a large part of reserve currency but something else makes up the other 40-45pct.

SIX: Yes. But it's still the base, and even amid the current volatility of everything, it's still the most reliable asset to hold onto. This is by design.

In other words, it's not a Bug that the rest of the world is suffering from inflation, recession and financial turmoil at the same time that America is. It's a Feature.

Now unless they have a particular gripe against the US that they find so irredeemably egregious that they have no choice but to switch currency, think of the logistics involved in that. TPTB wouldn't want to make a move so drastic and with such unpredictable results unless they knew full well that they had complete control over the outcome from the get go. And as you've illustrated above, any attempt at middle-management "leaders" trying to do so on their own ends up with their cities being turned to rubble.

People the world round can say all they want about the weakness of the US Military, but all that is is talk. Our military dwarfs the rest of the world's military and gets larger and larger cash infusions nearly every single year, and despite that fact it does practically nothing but "exist".

Incidentally... Screw NATO. If it weren't for the fact that it would trigger WWIII, the US Military could invade Russia today and turn Moscow to rubble by the end of the weekend if it were directed to. But TPTB have no interest in owning a world that is on fire.

SIGNY: I can't imagine how. The first thing any invading nation does is wipe out the target's air defenses: radar stations, air bases, air fleets, communications, satellites and AWACS-tyoe planes, anti-aircraft batteries. Then they can go to town with command centers, fuel depots, military bases, munitions, etc and, finally, send in the troops.

But Russia has powerful air defenses. And where does the USA launch this attack from?? Yes, we have bases across Europe, but the total number of USA troops in Europe is about 90,000. https://news.yahoo.com/explainer-how-many-american-troops-are-in-europ
e-134927726.html it would take a lot more than that to invade Russia. And Europe is already scraping the bottom of the barrel in terms of weapons to send to Ukraine.

It took GWB six months to assemble the 500,000 men he thought necessary to invade Iraq. We wouldn't be allowed the time -or the convoys necessary - to invade Russia, since Russia has very capable anti-ship missiles. So unless we're willing to go nuclear, the idea of conquering Moscow is just a dream.

SIX: None of these were/are real wars. I mean REAL wars that have large amounts of human casualties on both sides.

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There were massive casualties in Iraq and Libya. To them, they were real wars.

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Quote:

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SIX: Also incidentally... I believe this to be the big push against Russia right now when China clearly is the world's largest power guilty of the most egregious crimes against humanity and its own citizenry. Russia is a threat to nobody. But Russia also isn't easily bought off by TPTB like the US Government or fully on board with enslaving its people like China is.

Maybe this is the big push toward digital currency? Maybe this is why we currently have a white house press release hinting at the US switching toward a digital currency instead of cash?

If TPTB created digital currency and weened the world off of the USD and all other international currencies over the course of say, a few decades, they'd have complete control over it, and in turn practically over everyone on the planet. Nobody would be able to fight against it. Every single transaction you ever make will be logged. Do you like eating food? Well then, hop in the machine, Cog, and give thanks to your overlord for allowing you this opportunity. If you ever step out of line you will starve to death. Anybody found guilty of trying to feed, clothe or house somebody cut off from the digital currency will be found guilty of treason.

Hell... they could even make your currency have an expiration date so whatever you don't spend at the end of the month is lost and you can never save for a better future, both ensuring the "consumerism" economy chugs along until the sun explodes and essentially enslaving you to the whims of the system from the moment you're born until the day you die.

That's the only outcome I'm concerned about. Worrying about China and the Middle East making their own little currency to fight the Big Bad Dollar is cute.[

SIX: I agree with Russia not being bought iff.

China OTOH has an implicit deal with its people: wecraise your standard of living and youbputvup with our authoritarianism. It's not a one-way deal. So far, it seems to be working for China, altho personally I feel that China made a deal with the devil when it integrated itself into western economy.

SIX: Not unrelated, I did just finish my post in the "Democrats Only" thread up with essentially the same notion, but on a worldwide scale rather than just China.

http://fireflyfans.net/mthread.aspx?bid=18&tid=61954&mid=11653
79#1165379

Originally posted by 6IXSTRINGJACK:
The sad truth is, if TPTB want to convert the world currency to Cryptofascism, there's not a damn thing any one of us can do about it. The even sadder truth is that when that world inevitably comes to be our reality, submitting your free will and living inside the confines of Cryptofascism will be a better life than any alternative.

Rat's in a cage.

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Why Iran and Saudi Arabia making nice is a very big deal
China’s dealmaking heralds the post-America Middle East

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Originally posted by SIGNYM:
Apparently TWO banks collapsed this week. Silicon Valley Bank (SVB) was the bigger one, and also one called (IIRC) Silvergate.

According to a vid I listened to, both banks got caught on the wrong side of the Fed's interest rate increases. SVB specialized in venture capital funding. Silvergate was the real world interface between cryptocurrency and dollars, exchanging crypto for dollar and vice versa.

Both were cash rich. What they did was put their money into 10-year Treasuries at low interest rates "back then", but when interest rates rose the value of the Treasuries fell. Faced with a surge in withdrawals (in the case of Silvergate it was the drop in crypo prices, I don't remember what happened to SVB) they had to sell their Treasuries at a loss, which shook the confidence of depositors and shareholders and led to, in essence, bank runs. If they had a been allowed to hold their Treasuries to maturity all would have been well; it was a mismatch between long term assets and short term demand.

-----------
Pity would be no more,
If we did not MAKE someone poor - William Blake

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Originally posted by 6IXSTRINGJACK:
The Woke took full advantage of that VC while it was available and destroyed any value that their portion of it had.

Between that and GPT, all of those millennials and old zoomers with their fancy college degrees are going to be put out on their asses where they belong. With no skills of any value to fall back on.



They'd better hone those beggar skills if Mommy and Daddy don't let them move back in.

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Amid the collapse of Silicon Valley Bank (SVB), some commentators have claimed a Trump-era rollback of financial regulations may have contributed to the situation.

While largely unknown outside California's Silicon Valley tech corridor, SVB has for decades been a go-to financial institution for the country's technology and health start-ups. One of the 20 biggest banks in the United States, it had over $200 billion in assets by the end of last year, according to CNN.

As of Friday, however, SVB was left in freefall as clients began a run on the institution, spurred on by higher interest rates and other factors, resulting in a spiraling chain reaction that has threatened to sink the institution and leave its customers in financial jeopardy.

In the fallout of Friday's run on the bank, some reports noted that a rollback of banking regulations by former President Donald Trump might have weakened SVB's ability to manage risks associated with interest rates. In 2018, according to The New York Times, Trump signed a bill that axed regulatory requirements for regional banks with less than $250 billion in assets.

Under the new rules, such institutions no longer had to submit to "stress testing" by the Federal Reserve and were no longer required to keep a certain amount of cash on hand to protect against the effects of financial shocks, the newspaper reported.

The Times noted in its report that the bill was championed by SVB CEO Greg Becker. Becker had pressed lawmakers in Congress to lessen regulation that placed higher scrutiny on certain banks, claiming that SVB had a "low risk profile of our activities and business model." By 2018, his bank had spent roughly $500,000 to lobby for the changes that Trump ultimately signed into law, according to The Lever, an investigative news outlet.

The rules rolled back by the bill were first introduced in 2010 by the Dodd-Frank Wall Street Reform and Consumer Protection Act, a sweeping reform law signed by former President Barack Obama

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to address issues in the financial sector in the wake of the 2007-2008 global financial crisis and the Great Recession. As noted in a tweet on Saturday from businessman and former Obama economic adviser Robert Wolf, the Dodd-Frank Act originally required banks with over $50 billion in assets to submit to stress testing.
1999.
As of Saturday afternoon, Trump has not commented on SVB. Newsweek reached out to his communications team via email for comment.

In the wake of the run, California regulators shut down SVB and turned over control of it to the Federal Deposit Insurance Corporation (FDIC). It has since been reported that the bank had not employed a chief risk officer in the months leading up to Friday's collapse and had not insured roughly 90 percent of its deposits.

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Originally posted by SIGNYM:

Unless someone forensically audits SVB and applies "stress testing" to its balance sheets, we will never know if "stress testing" would have saved the bank.

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Originally posted by second:

Quote:

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Originally posted by 6IXSTRINGJACK:
The Woke took full advantage of that VC while it was available and destroyed any value that their portion of it had.

Between that and GPT, all of those millennials and old zoomers with their fancy college degrees are going to be put out on their asses where they belong. With no skills of any value to fall back on.



They'd better hone those beggar skills if Mommy and Daddy don't let them move back in.

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6ix, there was $175 billion in that bank. How much was lost? $15 billion. The depositors will get back around $160 billion. 6ix, you write as if the depositors lost all $175 billion, which strongly suggests you are a nincompoop about how banks work.

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Originally posted by SIGNYM:
Dodd Frank is notoriously complicated. I have no idea what its capitalization requirements are and what the stress tests consist of and I'll bet you don't either.

But knowing how MSN loves to take potshots at Trump, I noticed that they hedged their statements. "claimed" "may have". Maybe they don't want to get sued for libel publishing something they were almost certin wasn't true.

But like I posted, that's neither here nor there AFA the value if the dollar.

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The way to ensure the government can keep paying its bills is to raise or suspend the debt limit, Treasury Secretary Janet Yellen told lawmakers Friday — not prioritize payments, as some Republicans have proposed.

"In my assessment and those of economists across the board, a default on our debt would trigger an economic and financial catastrophe," Yellen said. "I urge all members of Congress to come together to address the debt limit without conditions and without waiting until the last minute."

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Quote:

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Originally posted by 6IXSTRINGJACK:
The Woke took full advantage of that VC while it was available and destroyed any value that their portion of it had.

Between that and GPT, all of those millennials and old zoomers with their fancy college degrees are going to be put out on their asses where they belong. With no skills of any value to fall back on.



They'd better hone those beggar skills if Mommy and Daddy don't let them move back in.

--------------------------------------------------

Growing up in a Republic was nice... Shame we couldn't keep it.

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A head of risk management at Silicon Valley Bank spent considerable time spearheading multiple “woke” LGBTQ+ programs, including a “safe space” for coming out stories, as the firm catapulted toward collapse.

Jay Ersapah, the boss of Financial Risk Management at SVB’s UK branch, launched initiatives such as the company’s first month-long Pride campaign and a new blog emphasizing mental health awareness for LGBTQ+ youth.

“The phrase ‘you can’t be what you can’t see’ resonates with me,’” Ersapah was quoted as saying on the company website.

“As a queer person of color and a first-generation immigrant from a working-class background, there were not many role models for me to ‘see’ growing up.”

Her efforts as the company’s European LGBTQIA+ Employee Resource Group co-chair earned her a spot on SVB’s “outstanding LGBT+ Role Model Lists 2022,” a list shared in a company post just four months before the bank was shut down by federal authorities over liquidity fears.

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Aiming to avoid what Garry Tan, the CEO of startup accelerator Y Combinator, called a potential "extinction level event" in the tech sector, industry executives moved quickly to do what they could to save small businesses.

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Originally posted by THG:
Death of the dollar my ass.

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Originally posted by 6IXSTRINGJACK:
Yellen is a Diversity Hire idiot.

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Originally posted by second:

Quote:

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Originally posted by 6IXSTRINGJACK:
Yellen is a Diversity Hire idiot.

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I have seen your kind of behavior from every Trumptard I know, both the ones in important positions and the ones who are unemployed. You Trumptards never stop for a moment and make the connection between your stupid behavior and the mess you've made or will make. Instead, it is always somebody else's fault, not yours, for what happens. And so the majority of Trumptard Congressmen will not vote to raise the debt ceiling.

History of the United States debt ceiling
https://en.wikipedia.org/wiki/History_of_the_United_States_debt_ceilin
g

The Joss Whedon script for Serenity, where Wash lives, is Serenity-190pages.pdf at
https://www.mediafire.com/folder/1uwh75oa407q8/Firefly

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