Open Thread – Saturday, 11 March 2023

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206 Responses to Open Thread – Saturday, 11 March 2023

  1. Mak Siccar says:

    Good morning one and all.


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  2. mh says:

    CNBC

    Financial regulators have closed Silicon Valley Bank and taken control of its deposits, the Federal Deposit Insurance Corp. announced Friday, in what is the largest U.S. bank failure since the global financial crisis more than a decade ago.

    The collapse of SVB, a key player in the tech and venture capital community, leaves companies and wealthy individuals largely unsure of what will happen to their money….

    … The last U.S. bank failure of this size was Washington Mutual in 2008, which had $307 billion in assets.

    The yenta from Brooklyn is monitoring this development

    Treasury Secretary Janet Yellen said during testimony before the House Ways and Means Committee on Friday morning that she was “monitoring very carefully” developments at a few banks. Yellen made her comments before the FDIC announcement.

    Shortly after leaving Capitol Hill, Yellen convened a meeting of top officials at the Fed, the FDIC and the Comptroller of the Currency specifically to discuss the situation at SVB.


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  3. mh says:

    Lidia Thorpe – “I’m nobody’s little black girl.”

    True that.


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  4. mh says:

    Joe Biggs Live From Prison: An Urgent Message On The State Of Our Freedoms

    https://banned.video/watch?id=640b81c1e8a84c4db2a5cf23


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  5. kaysee kaysee says:

    Pauline Hanson

    Surprise, surprise, Adam Bandt has been growing his retirement fund with coal and gas investments. So while he’s allowed to profit from Australia’s clean coal and natural gas everyday Aussies are not to be granted the same privilege? What a joke! A new low, even for the Greens

    The story
    Greens leader Adam Bandt has a super account with HESTA,
    who invest in fossil fuel


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  6. kaysee kaysee says:

    Worldwide COVID litigation lawyer directory

    Steve Kirsch

    I’m putting together a public directory so that people worldwide can find lawyers who are willing and able to take on the establishment.


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  7. kaysee kaysee says:

    Once upon a time, when we were kids, we liked to be taken into a world of make-believe beautifuls and handsomes.

    Sensitivity readers find fairy tales problematic
    after reexamining Ladybird’s books

    Love at first sight was the stuff of fairy tales, once upon a time, but perhaps no longer.

    Ladybird has used sensitivity readers to reexamine some of its children’s books, and fairy stories have proven problematic, The Telegraph can reveal.


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  8. kaysee kaysee says:

    Revealed in this suspense thriller novel ….

    1/
    ….How Kevin McCarthy found a spine

    The 20 holdouts

    2/
    ….This used to be a Christian church

    In Australia

    3/
    …. Due to Global Warming

    It snows in Saudi Arabia


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  9. kaysee kaysee says:

    There are some very cruel organisations in the world.
    A few months ago, it was FIFA. Now, it is the Oscars.

    It is a bit strange though, that the woke hypocrites in Hollywood are not supporting one of their own. Maybe it is envy. While they are mere multi-millionaires, and have to go to various locations, wear some costumes and do some acting, Zele is getting billions/trillions just by wearing a brown/green shirt and whinging on the telly.

    Oscars Reject Ukrainian President Volodymyr Zelenskyy’s Bid
    to Appear on Telecast

    For the past year, Volodymyr Zelenskyy has been greeted with open arms by awards shows, film festivals and even the New York Stock Exchange. But when it comes to landing airtime on the most coveted telecast of all — the Oscars — the Ukrainian leader is being met with a cold shoulder.


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  10. johanna johanna says:

    More stuff coming out about Morrison acting like a dictator. Not only did he take over key Ministeries, he told nobody about AUKUS until it was a done deal.

    Now, he may have been right about leaks, but did he ever do anything to address that problem? Nope, let’s just run my pet project like I am Kim Il Jung.


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  11. Shy Ted says:

    Ha ha, Modi tells Albo to stop the Injun assaults in Melbourne. Perhaps all the skilled migrants working in Dominos, servos etc should go back home to safety.


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  12. shatterzzz says:

    More stuff coming out about Morrison acting like a dictator. Not only did he take over key Ministeries, he told nobody about AUKUS until it was a done deal.

    Naaah!..he, probably, told all those “executives” he promoted to AUKUS/Defence from CentreLink/ROBODEBT but none of them can recall the details! .. LOL!


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  13. Old bloke says:

    Ha ha, Modi tells Albo to stop the Injun assaults in Melbourne.

    Melbourne had this problem a few years ago, Indian students being abused on trams and other similar stories. What wasn’t reported at the time though is that it wasn’t the Anglo locals who were causing the abuse, but other immigrant groups who held different religious views to the Hindus.

    “Go home” they said, “this is our country.”


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  14. Old bloke says:

    Oscars Reject Ukrainian President Volodymyr Zelenskyy’s Bid
    to Appear on Telecast

    The Oscars Committee probably couldn’t afford Zelensky’s appearance fee.


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  15. Shy Ted says:

    ABC Noos. FNQ town of Burketown being evacuated due to unprecedented flooding. Long term locals say they haven’t seen floods this high since the 1970’s.
    I rest my case.


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  16. mh says:

    Silicon Valley Bank went woke.

    And they also went broke.

    Tucker Carlson: This is the largest bank failure since 2008

    https://www.youtube.com/watch?v=cl-ZawiAghE


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  17. mh says:

    Jim Cramer touted SVB one month before crash

    https://www.foxnews.com/video/6322331151112


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  18. Cardimona says:

    GHOST RIDER | UPPSALA RUN 2022 – ”OLD AND CRAZY!!!” [SHORT 4K EDITION]

    Splitting traffic at 299 km/h…
    FMD, the slipstream would’ve had the cars rocking on their suspensions and the first the drivers would’ve seen of the bike was it disappearing over the horizon…


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  19. Cardimona says:

    Amazed how easy it was to get in. The fly screen door was easy, the glass door took a bit of oomph…then the latch just broke. Looking at it, it was just cast aluminium and not billet. Sh*t to be honest. Amazed how easy it was to get in. The fly screen door was easy, the glass door took a bit of oomph…then the latch just broke. Looking at it, it was just cast aluminium and not billet. Sh*t to be honest.

    Steve, as a fire commander doing initial size-ups at house fires, inwards opening doors barely slowed me down.
    Mind you, I have constant pain in both shoulders these days…

    Outwards opening security doors sometimes took a few seconds with a Halligan tool.
    Home-made solid-bar security grills took slightly longer with a two-stroke disc-cutter.

    Depending on the fire’s location, and if no windows where suitable, I’d sometimes task a crew with grabbing a “master key”, a ten-pound sledgie, and going in through a wall.
    Houses are way more fragile than people realise.
    They’re programmed to believe they’re stronger than they really are.
    ……..

    More stuff coming out about Morrison acting like a dictator. Not only did he take over key Ministeries, he told nobody about AUKUS until it was a done deal.

    That’s why Barnaby was imprisoned in DC, for sniffing, when he went there for AUKUS purposes – frozen out on ScoMao’s advice.


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  20. Eyrie says:

    Cardi, I used to know a bloke who was a professional firefighter in Perth. His advice was to deal with a house fire yourself with your garden hose, you’ve generally got time. This was Perth so the vast majority of houses are double brick. Other materials may be different.
    He said if you call the fire brigade the place will suffer more damage as 1) they will break down doors, even if they are unlocked.
    2)They trample everything with their great big boots, 3)water damage much of the rest then leave.
    The fire will be out though and they guarantee to save the block of land.


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  21. mh says:

    Clear and concise economic commentary

    Adrian Day: Gold, the Fed, the US Economy — What’s Next in 2023?

    Investing News

    https://www.youtube.com/watch?v=mNg2WnQitB4


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  22. Shy Ted says:

    Makes sense.
    Still got to fact check it.


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  23. Cardimona says:

    His advice was to deal with a house fire yourself with your garden hose, you’ve generally got time.

    Absolutely recommended – unless it’s an electrical appliance that ignited and the power is still on…
    There’s a lot to be said for small dry powder extinguishers.

    …majority of houses are double brick

    In the context of forced entry, bricks and blocks are brittle and far easier to go through with a well-swung sledgie than most people realise.

    Other materials may be different.

    The house’s structural materials have little influence on propagation or rate of spread.
    It’s a common fallacy that brick and block houses are less likely to burn down – it’s the contents that feed the flames.
    If the initial response isn’t quick enough, the heat from a contents fire will destroy the mortar bonds in brickwork and blockwork.

    He said if you call the fire brigade the place will suffer more damage as 1) they will break down doors, even if they are unlocked.
    2)They trample everything with their great big boots, 3)water damage much of the rest then leave.

    I can’t speak for WA, Eyrie, but those old-school behaviours we’re being trained out of the firies in Qld, led by us fire investigators who preferred having everything left undisturbed so we could get forensic.

    Doors – “try before you pry”
    Trampling – “avoid secondary damage”
    Water – “fine spray, targeted accurately”

    The old “surround and drown” footpath firemen have mostly aged out of service now, in Queensland anyway.


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  24. Shy Ted says:

    From the NT, leftie gets cancelled

    AFLNT to remove Gwynne’s name from best and fairest medal
    UPDATED: The AFLNT’s Gwynne Medal, awarded to the best and fairest female player of the year, will be renamed following revelations at Colleen Gwynne’s now discontinued criminal trial that she used racist and derogatory language to describe a female Aboriginal co-worker.

    Lessbian, played AFL which nobody watched, promoted to very senior position with dubious qualifications, commits crime due to incompetence and political leanings, strong evidence, trial mysteriously abandoned, has token gesture cancelled as punishment, canned for saying what everybody in the NT says.


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  25. Cold-Hands says:

    Apologies for failing to post the daily cartoons. Hopefully ISP/NBN problems are at an end and normal service can resume.

    Powerline’s The Week in Pictures: DEM-OLITION DERBY EDITION.


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  26. johanna johanna says:

    No need to apologise Coldie. I’m sure I am not alone in appreciating what you do, and if it doesn’t happen – meh. 🙂


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  27. Eyrie says:

    Cardi, a long time ago I heard a couple of stories about airport firefighters (they usually rank highly in State Volleyball as most of the time there is not much to do). One was at Jandakot where a bloke had trouble with the landing gear on a Cessna 337 push pull twin. IIRC he shut down the rear engine with the prop horizontal, managed to do the same with the front on short final for the grass underrun and got it stopped still on the grass. No damage beyond a few scratches…. until an over zealous firefighter who mistook the pilot carefully shutting down everything for “he’s trapped” and put an axe through the door.
    The other was an Avon Sabre that landed at Woomera long time ago. He’d declared some sort of emergency but got the thing stopped on the runway, slid back the canopy only to have the cockpit filled with foam. Fortunately he had not taken off the oxygen mask.


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  28. Eyrie says:

    Cardi, glad to hear those behaviours are being trained out. The advice was given to me nearly 50 years ago.
    Of course the old BCF extinguishers were great as they didn’t do residual damage but they make Gaia cry.


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  29. Shy Ted says:

    Just finished watching that ABC doco Brazen Hussies about the history of feminism in Oz. Just one question – why did they only interview bitter old lessbians with cat hair on their clothes?


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  30. mh says:

    No clunkers

    US congressman Joe Courtney has given the clearest signal yet that Australia could receive second-hand Virginia-class submarines from the United States under the landmark AUKUS deal.

    But Courtney – widely regarded as one of the top experts in Congress on submarines and shipbuilding – has vowed Australia won’t be receiving “clunkers” under the deal to be unveiled on Tuesday morning. He also dismissed suggestions the boats may have to be jointly crewed by US sailors, or that Australia won’t have sovereign control over its submarines.


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  31. Cardimona says:

    Eyrie, airport firefighters spend their whole lives training for an incident they hope they’ll never get.
    Indeed, the large majority of them never do see any calls beyond airport building fire alarm activations and small grassfires.
    Urban firefighting could have very long spells of intense boredom, which drove me nuts, so it must have been horrifically boring at the airport.

    When larger aircraft contacted the tower with issues, us urban crews were responded to wait alongside the airport crews on the apron.
    So, even when they thought they were going to get a job, they needed us to be there.
    That was cool by us, I once got to drive our Freightliner telescopic aerial pumper flat out down the main Cairns runway chasing a ~50-seat plane with some sort of issue as it landed.


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  32. Cardimona says:

    Of course the old BCF extinguishers were great as they didn’t do residual damage but they make Gaia cry.

    It makes my cringe now, Eyrie, to recall the number of times I ignorantly repeated the manufactured lie that “each kilogram of bromochlorodifluoromethane destroys a cubic kilometre of ozone”.
    It also makes me angry that I was told such a lie in my training by people who must have known it was a lie and that the Montreal Protocol was just a training run for the Great CO2 Fiction.
    How could they ban BCF extinguishers without ever acknowledging the infinitely greater contribution of volcanic halocarbons?
    Or that ozone cycles naturally in line with solar inputs?


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  33. kaysee kaysee says:

    Newsweek: Opinion

    America’s COVID Response Was Based on Lies
    Scott W. Atlas , Senior Fellow, Hoover Institution

    The historical record is critical. We have seen a macabre Orwellian attempt to rewrite history and to blame the failure of widespread lockdowns on the lockdowns’ critics, alongside absurd denials of officials’ own incessant demands for them.


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  34. kaysee kaysee says:

    Q&A Tour
    Should Trans Women Be LEGALLY Treated as Women

    “Trans women should be legally treated as women, tell me why you strongly disagree.”

    “Because I’m a molecular geneticist.”


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  35. kaysee kaysee says:

    1/
    Do the maths.
    Just 3 months to go before the end of the world.

    2/
    The deadly sins.
    Even the horses fear them.

    3/
    Booster shots
    8th COVID booster available now.


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  36. kaysee kaysee says:

    The German Synod and the new Protesting Reformation.
    A Gay, Woke Church.

    1/
    96% of delegates and 38 German bishops voted today
    at the German Synod

    Delegates of the German Synodal Way on Saturday overwhelmingly passed measures to change Church practices based on transgender ideology and to push the universal Church to ordain women to the sacramental diaconate.

    The votes took place on the final day of the process’ concluding assembly, held in Frankfurt March 9-11. On previous days, delegates voted overwhelmingly to adopt same-sex blessings, normalize lay preaching, and ask Rome to “reexamine” the discipline of priestly celibacy.

    2/
    Why in Germany?

    The reason the German Catholic Church is so liberal is because it’s directly funded by the German government. This has led to it being staffed by thousands of lay Catholics who are Catholic in name only. They use their power to pressure their bishops to be as liberal as they are.

    To put it simply, the fake and gay German government is making the German Church fake and gay.

    3/
    Hooray.
    And from the new un-Catholic Church, here’s what we get.

    Rapping Priest.

    Fr. Thomas Eschenbacher, a clown-priest of Hammelburg in the Diocese of Würzburg Germany, raps his homily.

    If only we had a Pope who was Catholic.

    Perhaps it is time for a repeat of Matthew 21:12-13.


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  37. kaysee kaysee says:

    Apologies for failing to post the daily cartoons. Hopefully ISP/NBN problems are at an end and normal service can resume.

    Cold-Hands,

    Other forces (like the internet connections) may conspire to disrupt the Cat-toons transmissions, but we’re glad to have them when they appear. 🙂

    …………………………………..

    Updates to The Mock.


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  38. Old bloke says:

    China has brokered a peace deal between Saudi Arabia and Iran, both nations will establish diplomatic relations with each other and both have applied to join the BRICS alliance. This has huge ramifications in the mid-east, bring an end to the Yemeni war for example, but the international ramifications are more important.

    Iran, Saudi Arabia and Russia are the world’s three top oil producing nations. The US cannot place sanctions on all of them without bringing the western world to a complete standstill.

    It might be the best time to buy one of those electric vehicles, it’s either that or buy a horse.

    China, Iran, KSA diplomatic win. Elensky upset with media. Minerva tanker did it. Muscovy. U/1


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  39. mh says:

    Hopefully it will cool things down

    The Bureau of Meteorology warns that, at 1:50 pm, severe thunderstorms were detected on the weather radar near Upper Brookfield, Mount Nebo and Harrisville. These thunderstorms are moving towards the east. They are forecast to affect Ipswich, Enoggera and Samford by 2:20 pm and Brisbane CBD, Beenleigh and Logan Central by 2:50 pm.

    Heavy rainfall that may lead to flash flooding, large hailstones and damaging winds are likely.


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  40. kaysee kaysee says:

    Iran, Saudi Arabia and Russia are the world’s three top oil producing nations. The US cannot place sanctions on all of them without bringing the western world to a complete standstill.

    The US and the western world are busy brokering far more important deals. Getting as woke as they possibly can. Followed by broke. And useless. While China and Russia prepare to take over the reins of the world.

    Russia by itself wouldn’t be a great worry, but China holding the whip will be the Great Communist Reset.

    A preview.
    Start checking your social scores.


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  41. mh says:

    Russia by itself wouldn’t be a great worry, but China holding the whip will be the Great Communist Reset.

    Russia should have been a welcome friend of the West, instead the fv$@wits that run America stuffed everything up with their delusional attempt to annihilate Russia.


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  42. Eyrie says:

    Russia should have been a welcome friend of the West, instead the fv$@wits that run America stuffed everything up with their delusional attempt to annihilate Russia.

    Correct and maybe now we see why the Wussia, Wussia, Wussia! after 2016. The Deep State may have been afraid Trump was going to sit down with Vlad and stop the scams and killing in eastern Ukraine.


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  43. Steve trickler says:

    Still banned.

    [You were given several warnings about the consequences of repeated breaking of rules.

    After being blocked, you posted an “apology” of two sentences. Does the word “apologise” for “harsh words” make something an apology? And then you added a non-apology as the second sentence?

    Do you even understand why you have been blocked?

    Since last year, you have verbally abused a commenter on this blog.
    Besides that, I have also suggested commenters self-moderate their comments and not break the rules, including use of certain swear words.

    The conditions of being let out of moderation were made clear. An apology is not just some meaningless words. A person understands the offence caused and makes a sincere apology to those to whom it has to be made. – Admin]


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  44. JohnJJJ says:

    I used to go to the movies. Not anymore. So each evening friends and I watch The Duran and Robert Barnes (if around), plus the usual smattering of Scott Ritter, Col. McGreggor and New Atlas and Tucker. From Barnes (on locals and FreeForm Friday) I get ideas for movies to watch e.g. L’Assault, the first two episodes of Tulsa King…
    Now we’ve had films from other counties (all accessed through a ruskie website) such as Iran, Russia (e.g. the fabulous “The White Tiger” . And we have done what we call week festivals: Le Carre films, Hemingway, Audrey Hepburn films, James Cagney, American film noir…
    Any other ideas or films?


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  45. mh says:

    Lightning + golf course doesn’t normally end well

    A man is fighting for his life after being struck by lightning on a golf course in Brisbane’s north.

    The man was on the course at Brendale on Sunday afternoon when the large series of storms rolled through Queensland’s southeast.

    He was treated by paramedics at the scene, before being rushed to Royal Brisbane and Women’s Hospital …


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  46. kaysee kaysee says:

    And we have done what we call week festivals: Le Carre films, Hemingway, Audrey Hepburn films, James Cagney, American film noir…
    Any other ideas or films?

    I like your idea of gathering with friends to watch both these areas:
    – serious: political, current issues
    – entertainment: films.

    It is not just sitting together with friends and being couch potatoes watching something on the screen – which is fun in itself – but being able to watch it critically and then discuss and share opinions.

    Far better than going to the movies. I think it is a wonderful idea. Intelligent viewing with the popcorn. If I think of any suggestions, I’ll let you know.

    When I read your comment, it reminded me of a blog Post that I am currently writing. I will let you know when I post it and also the reason why I connected it to your comment.


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  47. kaysee kaysee says:

    The election of Nicola Sturgeon’s successor is going to be a reflection of the times we live in. It is a choice between a practising Christian and a practising Muslim. The deciding issue will not be who has better leadership skills for Scotland, but who supports qwertyism.

    And guess who is not popular.

    Pray for Kate Forbes

    Alex Massie in The Spectator considered Forbes’s admission on the gay marriage issue to be a stupid mistake. That may well say more about the state of conservatism than it does about Forbes. It certainly tells us much about our political culture: One’s stance on LGBTQ+ issues is now regarded by many as a litmus test for whether one can speak in public, such that any dissent—even at the level of a mere thought verbalized—is punishable…

    The identity lobby is powerful, knows it is powerful, and uses that power at every opportunity. Just ask Kate Forbes. Or J. K. Rowling. Or Kathleen Stock.

    A related article, linked to the one above is:
    The crucifixion of Kate Forbes


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  48. kaysee kaysee says:

    Dutch Farmer Rebellion

    Dutch Commentator Eva Vlaar speaks with Rebel News on why its so important to protest the nitrogen emission reducing policies. “We feed the world.”


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  49. Shy Ted says:

    OMG. Joining the other Ch10 twats, Christopher Pyne is going to appear on Would I Lie To You.
    He’s lying. He’s lied to us all his working life. Mincing poodle is a compliment.


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  50. Old bloke says:

    Russia should have been a welcome friend of the West, instead the fv$@wits that run America stuffed everything up with their delusional attempt to annihilate Russia.

    I remember Yeltsin’s famous lament “The cold war is over, but all we now have is a cold peace”. Even Putin played nice, he saw Russia as another European nation and all he wanted was to bring Russia into Europe.

    The Europeans though didn’t want a relationship, and the Powers That Be wanted to dismember and divide Russia into five separate and easily managed compliant nation states. Babylon wanted to expand its near world-wide hegemony, and Russia stood as a likely peer nation capable of challenging Babylon’s hegemony, and Russia had to be defeated so that Babylon could then exert pressure on a rising power in China by way of sharing a long land border.

    Even if the Ukrainian conflict was to end tomorrow, there’s no way that Russia would trust Europe and the West generally again. Trust has been broken and this won’t change in this generation.


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  51. mh says:

    “We liberated Europe from fascism, but they will never forgive us for it”

    — Marshal Zhukov, USSR.


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  52. JohnJJJ says:

    Interesting developments in the Arab (Persian?) Gulf.
    Over the last 40 years the UAE ( Dubai in particular) was the bank of choice when there was a war – such as in Lebanon, Syria and Iraq. The rich Arabs transferred their wealth to Dubai banks or developed buildings – hence the building boom.
    Now Russian money is moving in. No one now will park their wealth in Swiss banks as they have given up their neutrality. So the Emirates are in business big time. Also the UAE transfers Russian oil and is a major trade hub for Russian exports. Chinese wealth may be next.


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  53. mh says:

    Russia Unleashes MASSIVE Retaliatory Strike On Ukraine

    iEarlGrey

    https://www.youtube.com/watch?v=Gx2ow_2tIVo


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  54. mh says:

    Trump’s fault lol

    The Age

    Trump, the Fed and the implosion of one of America’s most unusual banks

    Donald Trump played a big role in opening the door for Silicon Valley Bank to go down a very dangerous path.

    Stephen Bartholomeusz
    Senior business columnist


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  55. johanna johanna says:

    It’s the US version of ‘what was Tony Abbott’s role in this?’ which was invariably attached to everything from bad weather to bad behaviour from some section of the community.

    They tried to blame Trump for the Palestine rail disaster as well, until even the NYT was forced to admit that there is no connection whatsoever.


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  56. Old bloke says:

    Russia Unleashes MASSIVE Retaliatory Strike On Ukraine

    iEarlGrey

    That Bukhanka (Russian for “bread loaf”) van he drives around isn’t the most attractive of vehicles though it may be quite practical, they are four wheel drive which may be essential for the snowy and muddy roads in Russia.

    Russia also produces a two wheel drive motorcycle called the Ural, it also makes no allowance for a designer’s flair. it’s all 100% utilitarian. The second drive wheel on that motorcycle is the sidecar wheel which can be engaged on non-sealed roads.

    The Ural on some bush roads in south-western W.A.-
    Too Old To Ride? Think Again! Mongrel Dog Productions – 37 mins.


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  57. johanna johanna says:

    There is a very naff version of ‘It’s a Beautiful Morning’ circulating on FTV in an ad at present.

    The original was by a bunch of young Italians from New York who had never seen a forest. Felix Cavielere and his pals formed a band called The Young Rascals, later called The Rascals. May have been a reference to a show about a bunch of young tearaways called The Little Rascals.

    Their first hit was Groovin’ Same problem with linking, but easy to find.

    Followed by the immortal It’s a Beautiful Morning. I can’t link it, because they have done some sort of copyright thing so that you can’t. Look it up. But, a bunch of John Travolta lookalikes in NYC who probably had never seen more nature than a city park produced this superb song.

    Every time I hear that ad, grrr!


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  58. mh says:

    If anyone wants to watch this so I don’t have to

    It’s about deteriorating US-China relations

    Kevin Rudd on CNN with Fareed Zakaria

    https://www.youtube.com/watch?v=-teVgV4PKpg


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  59. Cold-Hands says:

    If anyone wants to watch this so I don’t have to

    Lu Kewen?
    Hard Pass.


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  60. kaysee kaysee says:

    Banking

    David Sacks

    The Fed may or may not realize it but it has created a two-tier banking system:

    1. Tier 1: Systemically Important Banks. These are the “too big to fail” biggest banks. If you have money there, it’s a true deposit. You can’t lose it.

    2. Tier 2: Everyone Else. If you have money there, it’s not a true deposit. It’s an unsecured loan to that bank. You can lose it in a bank failure.

    Now tell me, why would anyone use Tier 2?


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  61. kaysee kaysee says:

    Silicon Valley Bank

    1/
    ESG

    SVB failed b/c its head of “Risk Management” was hired for her ESG wokeness not actual quantitative skillset

    Just look at this laughable bio

    No bailouts – Let the Marxists continue to learn “get woke, go broke” until they’re all bankrupt</blockquote>

    2/
    Bonuses

    3/
    Second Biggest Collapse


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  62. kaysee kaysee says:

    It is the uppity white women who are the biggest enemies of women. How stupid can they be sitting there are talking about the rights of “women” while they are supporting males who are destroying women?

    “I Can Identify As A Black Lesbian!”
    Piers Morgan On Gender Identity

    Piers suggests cancelling International Women’s Day until everyone is able to define a woman. But author Angelica Malin believes that people should have the freedom to identify as they please.


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  63. mh says:

    Senator Babet
    @senatorbabet
    15 minute cities are coming. Make no mistake. We must talk about it. Like most things it can either be a good thing or just another way for the Government and the bureaucracy to make our lives worse. The 15 minute cities must be discussed. Straight after I finished this speech a Labor Party member called me a conspiracy theorist on the floor of the Senate. I won’t name him, but it’s not the first time he has come after me.

    #15minutecities #babet #wef #un #globalist

    https://twitter.com/senatorbabet/status/1635154394110099464?s=20


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  64. mh says:

    Alex Rosen
    @iFightForKids
    Podcast host asks a group of girls “What is a woman?”, and none of them can answer because they’re clearly scared of the left-wing cancel mob.

    This is where we are. Sad.

    https://twitter.com/iFightForKids/status/1634635786015350787?s=20

    ***

    The young lady second from right clearly has the best answer.

    No man would tell her she’s wrong.


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  65. Cold-Hands says:

    Rep. Marjorie Taylor Greene on twitter:

    The Fed is extending loans against high quality assets to banks for nearly zero interest to prevent a run on the banks Monday all because SVB didn’t insure over 89% of their deposits and instead hedged on failing funds that offered “sustainable finance and carbon neutral operations to support a healthier planet.”
    In other words the fools running the bank were woke and almost became broke, but the Democrats and the Fed swooped in to make sure their woke donors at SVB didn’t go under.
    But how many other small banks will be swept up into this pending disaster.
    The serious threat here is that with full loans to banks on basically next to zero interest from the Fed will drive down the value of assets owned by banks that aren’t in trouble.
    And that will cause them to be in trouble.
    They are manufacturing a banking crisis.
    This should not be happening.


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  66. win says:

    sorry cold hands slipped thumb.


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  67. mh says:

    The yenta from Brooklyn last week

    Secretary Janet Yellen
    @SecYellen
    President Biden’s FY2024 Budget builds on our economic progress by making smart, fiscally responsible investments which will be more than fully paid for and will further boost the economy’s productive capacity

    This week, bank bailout incoming!


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  68. Old bloke says:

    This week, bank bailout incoming!

    I received an email from an American friend yesterday about a fast approaching bank crash in the USA. He’s a bit of a worrywart who is always full of dire warnings about all sorts of things, so I take his warnings with a dose of salt.

    His message was that an executive (unnamed) at the Bank of America said that all banks will fold in three days, so get your money out while you can.

    I think that’s what is known as a self-fulfilling prophecy, if everyone went to their banks to withdraw all their money, then naturally all the banks would fail.


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  69. mh says:

    Risk management SVB style

    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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  70. mh says:

    Biden now addressing the nation.

    Banks are safe he says.


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  71. mh says:

    A third U.S. bank has failed in the space of a week, and this time its the same one that closed President Trump’s accounts two years ago, reasoning that it would not do business with Trump after January 6th.

    Signature bank in New York was shut down by US regulators on Sunday, according to a joint statement from the Federal Reserve, US Treasury and the Federal Deposit Insurance Corporation (FDIC), noting that the lender “was closed by its state chartering authority.”


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  72. Old bloke says:

    Cashless system not going well for besieged Cairns council

    I was at the supermarket yesterday and the bloke in front of me was trying to pay for his groceries somehow through his watch. I don’t know much about this technology but it didn’t work for him, he had to pay using a plastic card.

    It was very amusing though, this poor bloke was all twisted and contorted trying to get his arm behind the perspex screen at the cashier’s till, I suppose that there was something there which reads whatever he had on his watch. Why would you bother with some new tech if all you got from it was a dislocated shoulder?


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  73. Cold-Hands says:

    It was very amusing though, this poor bloke was all twisted and contorted trying to get his arm behind the perspex screen at the cashier’s till, I suppose that there was something there which reads whatever he had on his watch. Why would you bother with some new tech if all you got from it was a dislocated shoulder?

    And when there’s a power outage or the network goes down, all financial transactions stop. Every few months, a bank’s network seizes up, and all the retailers who use that bank for their EFTPOS transactions are unable to trade, except if the customer has cash. This will only get worse as the push for “renewables” makes the electricity supply unreliable.


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