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Silicon Valley Bank


ERBtheGREAT
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8 minutes ago, milwaukee mike said:

yes... they said next week they will send up to 250k out (per person), and more than that will get a 1st installment... and then they can suck on their thumb for a while and wait to get their CASH back

 

I hope Samuel Bankman-Fried's parents have their money in that bank.

Bail revoked!!!

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2 hours ago, KingKolzig said:

biden is introducing a bill to tax realized gains on stocks

 

so if you have a 1000 worth of a stock. and it is now 1100 after a year. you pay tax on that 100 even if you dont sell it

then year 2 another tax

year 3 another tax

 

then if the stock plummets in year 4 you already paid the taxes on realized gains. whoops sorry about that 

What that would do is just prevent people from investing in the stock market.

Stocks would tank.  Badly.

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Just now, Jimmy Hoffa said:

Biden moves to punish success and stifle innovation...

Hooray for poverty!!

we're all in this together!

socialism and communism never raise people up (except temporarily), they just lower everyone else down to the living standards of the laziest and dumbest... similar to "collective bargaining"... you only need to collectively bargain if you individually suck ass

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25 minutes ago, jasson621 said:

Wait until the CPI # comes out Tuesday if you want to see some real carnage. 

here's something i posted on twitter to the clowns that say sivb is a "one-off" and there would never be runs on other banks

You're forgetting one major thing! After the past 3 years, nobody can believe anything the government or media says. So the average person isn't going to believe there is no "systemic risk"... and fiat money/fractional lending is such bullshit that every bank is at risk.

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10 minutes ago, Jimmy Hoffa said:

Correct Sir.

i feel like 10 years ago people trusted the government/media/banks

how is a government/media that said covid was the deadliest disease ever, so they had to close schools/churches/stores/games for over a year, and said that vaccines were 100% safe and effective... how is that government/media ever gonna be believed that people's money in us bank/chase/etc is 100% safe and effective?

the only reason people think a piece of paper with "100" written on it is worth 100x the one with "1" written on it, is because everyone believes the same delusion

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