Doing my part in helping restore freedom to America while kicking evil in the ass. Guided by God the Father, Jesus Christ & my ancestors!
👀 Silicon Valley Bank on the verge of collapse.
I wonder how many tech companies are tied to it.
Buckle up?
Denver Digital Soldier, Believe in the Promise of Q. Twitter Refugee, Independent Thinker & Anon. Patriot. Family is Everything.
The other issue with the banks is they are holding Treasuries with a coupon of zero or 1. Rates now 7 -8 . Value of treasuries held by banks has plummeted because the value goes down when rates go up. Banks are facing yet another liquidity/ capital shortage. This will crush them at the same time US Govt defaults on debt.
Financial tribulations.
Excellent point!!! Bad accounting doesn't demand corps to revalue their financial statements for interest rate induced losses. How many companies are walking around with giant holes in their balance sheets due to what you're pointing out...
Denver Digital Soldier, Believe in the Promise of Q. Twitter Refugee, Independent Thinker & Anon. Patriot. Family is Everything.
I believe a bunch. Almost like it was a plan…
