Free Republic

SVB Financial Group faced a perfect storm, but there are plenty of other banks that would face big losses if they were forced to dump securities to raise cash Silicon Valley Bank has failed following a run on deposits, after its parent company’s share price crashed a record 60% on Thursday. Trading of SVB Financial Group’s SIVB stock was halted early Friday, after the shares plunged again in premarket trading. Treasury Secretary Janet Yellen said SVB was one of a few banks she was “monitoring very carefully.” Reaction poured in from several analysts who discussed the bank’s liquidity risk.

CNBC analyst Jim Cramer is once again being pilloried on social media after a clip resurfaced showing the “Mad Money” host recommending viewers buy shares of Silicon Valley Bank’s parent company, which owns the tech-driven commercial lender that swiftly collapsed on Friday. “The ninth-best performer to date has been SVB Financial (the bank’s parent company). Don’t yawn,” Cramer told viewers during a Feb. 8 episode of “Mad Money.” Cramer listed SVB Financial among his “biggest winners of 2023 … so far” alongside blue-chip stocks such as Meta, Tesla, Warner Bros. Discovery, and Norwegian Cruise Line. “This company is a merchant...

New York Rep. Alexandria Ocasio-Cortez missed the Aug. 13 deadline to submit her 2021 financial disclosures to the House Ethics Committee. Ocasio-Cortez, a prominent Democratic member of the House, is not worried. "[T]he Committee provides a 30-day grace period before fines are levied. The Congresswoman plans to file before the period expires," a spokesperson told the Washington Examiner. Ocasio-Cortez won the Democratic nomination in a Tuesday primary as she ran unopposed, meaning that Democratic voters did not get the chance to scrutinize her disclosures during the primary process. The documents are expected to be filed with the Clerk of the...

Germany's financial regulator BaFin on Tuesday warned of a "very big and very present" risk of cyberattacks in the wake of Russia's invasion of Ukraine. BaFin has long warned about cyber risks, but the statements mark a harsher tone. "The war has made cyberattacks on the German financial sector more probable," BaFin President Mark Branson said.

The practical Way to go : At a minimum, frugal financial planning for preppers simply means living within your means so that you are able to build yourself a financial cushion. For beginning preppers, this is important to ensure that you can build sufficient emergency reserves of supplies and cash (cash on hand, not at the bank). In addition, you will want to gradually reduce your reliance on things that may not be available to you, such as utilities and fuel.

On Tuesday’s broadcast of CNN’s “Situation Room,” Sen. Joe Manchin (D-WV) said that he doesn’t see gas prices or inflation decreasing “at all.” And argued that “you’ve got to get your financial house in order” and ensure American energy independence. Host Wolf Blitzer asked, “The president is also blaming the high gas prices right now — and the inflation — he’s blaming Russia, labeling it Putin’s price hike. Can the White House really though, claim Putin is solely responsible? Because prices, as you know, have been rising long before the Russian invasion.”

Removing access to the financial messaging service would be the most severe penalty but could have unwanted consequences, including compromising energy exports to Europe. President Biden said on Thursday that the United States and Europe were united in their efforts to confront Russian aggression toward Ukraine with aggressive sanctions. However, there was one area where he suggested disagreement: SWIFT.

The clear winners in inflation are those who require little from global supply chains, the frugal, and those who own their own labor, skills and enterprises. As the case for systemic inflation builds, the question arises: who wins and who loses in an up-cycle of inflation? The general view is that inflation is bad for almost everyone, but this ignores the big winners in an inflationary cycle. As I’ve explained here and in my new book Global Crisis, National Renewal, the two primary dynamics globally are 1) scarcity of essentials and 2) extremes of wealth/power inequality. Scarcities drive prices higher...

Nearly 40 percent of Americans say they’ve experienced serious financial problems over the past few months and almost 70 percent are worried about their children falling behind in school, according to a new national poll. After growing optimism over the summer that the worst of the pandemic had passed, the resurgence of the virus with the ultra-contagious Delta variant has brought the march back to normal to a halt in some cases — especially when it comes to households struggling with finances. The reports of economic struggles come even as 67 percent of households surveyed said they’d received financial help...

The Modern Survivalist LIVE STREAM NOTIFICATION - Host Fernando Aguirre. Not sure if Matt will be on today. Join us today as we talk about current events and how to be better prepared! Make sure to join early and leave your questions in the chat section. Always a fast-moving show. Wide-ranging discussions include emerging global issues, US military degradation, national cultural instability, attacks on freedom from the left and recent news stories. A good resource for ideas to prepare for possible events and for equipment evaluations and suggestions. Subscribed listeners can ask questions in the comments section. The show starts...

Home » Political Analysis » Financial System Has Come to an End – Martin Armstrong Financial System Has Come to an End – Martin Armstrong By Greg Hunter On July 24, 2021 In Political Analysis 96 Comments By Greg Hunter’s USAWatchdog.com (Saturday Night Post) Legendary financial and geopolitical cycle analyst Martin Armstrong thinks we have come to the end of the line for the financial system, and this is why globalists are on a power grab of epic proportions. Armstrong explains, “The system has come to an end. They know they can no longer borrow indefinitely. So, what is this...

The canal director and a judicial official said Tuesday that Egyptian authorities had impounded a giant container ship that had blocked the Suez Canal last month due to a financial dispute with its owner. According to Lt. Gen. Osama Rabie, the hulking Ever Given would not be able to leave the country until a settlement is reached with the vessel's Japanese owner, Shoei Kisen Kaisha Ltd. “The vessel has now been legally impounded,” he said late Monday on Egypt's state-run television. “They refuse to pay anything.” The vessel's owner made no immediate comment.

Have you ever heard of the Depository Trust & Clearing Corporation? What about Cede and Company? If those names are foreign to you, then you don’t really understand how the core of our financial system really works. A lot of people are blaming Robinhood CEO Vlad Tenev and the heads of other major trading platforms for the stock trading restrictions that we witnessed last week, but it was actually the DTCC that suddenly jacked up deposit requirements ten-fold. Robinhood and other trading platforms were put in a vise-like grip, and they had no choice but to act. Someone needs to...

Sorry The page you are trying to access does not exist. This might be because you have entered the web address incorrectly or the page has moved. For help please visit help.ft.com. We apologize for any inconvenience. Why wasn't this page found? We asked some leading economists. Stagflation The cost of pages rose drastically, while the page production rate slowed down. General economics There was no market for it. Liquidity traps We injected some extra money into the technology team but there was little or no interest so they simply kept it, thus failing to stimulate the page economy. Pareto...

Financial and precious metals expert Egon von Greyerz (EvG) says the signs abound that we are nearing the end of this global fiat money experiment while central bankers are befuddled. EvG explains, “The central banks are panicking. They don’t know what to do anymore. They are just starting to print money and with the euro on a daily basis. . . . Europe is starting QE again with $20 billion a month, but that’s nothing compared to what is coming. . . . The panic that started with central banks in the summer in late July and August was, to...

Keep your eyes on Deutsche Bank on Monday. The Banks has never fully recovered from the financial meltdown in 2008......they have been suffering huge losses in the investment banking division and have been accused multiple times for financial shenanigans.....several large hedge funds and other corporate clients have quietly been moving funds out of Deutsche Bank to other Banks, creating a slow but steady run on the bank... The question is, will Deutsche Bank elect to stretch out the pain over time or use an axe to cut off all the dead weight at one time... Potentially 15,000 to 20,000 US...

OPINION | FINANCE May 17, 2019 - 04:00 PM EDT Financial collapse of the United States Postal Service is coming BY KEVIN KOSAR, OPINION CONTRIBUTOR The views expressed by contributors are their own and not the view of The Hill TWEET SHARE EMAIL The United States Postal Service (USPS) will run out of cash in five years. Postmaster General Megan Brennan shared this news in testimony before the House Oversight and Reform Committee earlier this month. The immediate consequence of USPS becoming insolvent would be that the world's largest postal system - which moves 150 billion mail pieces per year,...

Ending Action: Financial And Political Reckless mania of today’s socialistsIn the financial and commodity markets a frenzy of speculation runs until exhaustion. And frenzy is the right word as soaring prices become irresistible, whether the action is in stocks, bonds, or commodities. The crowd finds its own compulsions and the action is essentially the same no matter the object of desire. And it always runs until it collapses. Along with speculation in the financial markets, the compulsion by today’s socialists to politicize all, repeat all, decision-making has become a reckless mania. Both phenomena are impetuous enough to be considered as...

With at least 52,000 people now homeless as a result of the California fires, shouldn't they be our top priority of financial and humanitarian concern? Why are unknown foreign invading young men assumed more entitled to American tax payers' money than our own unfortunate people. These Californians are tax-paying American families who have lost everything and are survivors of a traumatic calamity. They are Our People. As in "We The People." They deserve to be first in line, along with American Veterans struggling to survive and other suffering Americans We have thousands of Americans struggling with mental health issues and...

The time is short - please list here candidates who are worthy of our last minute support - financial if at all possible. I will start: Dean Heller for Senate from Nevada: https://www.deanheller.com/ Corey Stewart for Senate in VA: (against the vile Tim Kaine) https://www.coreystewart.com/home Ted Budd for Congress in NC: Incumbent Repub against highly financed Dem. Lawyer. https://tedbudd.com/