Bank crashes

Many distractions are happening. Some kickballing crisp salesman has apparently vanished from TV for something he did or said, I neither know nor care any more than that but it’s the talk of the internet. Then Mad Wanksock is getting all the blame for the Covid lockdown debacle. I have no sympathy for the weasel faced git, he deserves all he gets – but he is far from the only one to blame and the rest of them shouldn’t be allowed to get away with their parts in that mess.

In the background, but sliding into the limelight, a bank called Silicon Valley Bank went bust. Turns out this was a bank with a particular penchant for high risk investments. You’d think they’d have a risk assessment department keeping a close eye on things in that case, right?

Well they had no head of risk assessment for nine months, and when they appointed one, they chose a woke idiot who spent all her time arranging LGBT parades and Lesbian Awareness events. Not checking on the risks they took with investments. Well, I don’t know about the rest of you, but as a straight man I have no reason to be aware of lesbians, nor they of me. We are of no interest to each other. And I’m afraid that whenever I hear ‘LGBT’ my mind defaults to G scale narrow gauge railways – LGB trains. I see no reason to have a parade about that.

So a bank that took big risks in investments while having no, followed by effectively no, oversight on the scale of the risks they took, went bust. That’s really not a surprise and shouldn’t alarm anyone who didn’t have their money in there. Incidentally, it turns out the Harry formerly known as Prince and his sidekick, Me-again, had a lot of their money in that bank.

However, it is being touted as ‘the first domino in a banking collapse’ There is no reason why it should be, but then there was no reason to panic buy toilet paper at the start of all this yet people did it anyway. There wasn’t a ‘real’ shortage of toilet paper. There were rumours of one, which caused the easily petrified to buy it all and thus cause the very shortage they were trying to avoid.

The same happened with rumours of petrol shortages, other shortages and lately fresh fruit and vegetable shortages. Although if anyone is daft enough to stockpile fresh fruits and vegetables, well your house is going to stink worse than the allotment compost heap in a week or so. Which, I suppose, will make it easy to identify the utterly gullible.

All it takes to create a shortage is to put out a rumour there’s going to be one. The impossibly stupid will do the rest for you, and they are legion. They’ll buy up and stockpile the thing you wanted a shortage of and cause that shortage themselves.

So… if you want to crash the banks, all you need do is install a useless head of risk management in a very high risk bank and let it inevitably crash. Even better if you have King Jug-ears’ grandson as a major account holder. That guarantees massive press coverage. Then all the gullible toilet roll hoarders will panic and cause a run on the banks – all of them – so they can take their money and stuff it into mattresses. That will then cause the massive bank crash you wanted. Even the most well run banks can’t pay out all the money in all their accounts. Most of it doesn’t actually exist. So, banking crash incoming.

It’s hard not to see the toilet roll, pasta, petrol and all the other shortages as practice runs for this event. Each of them was inconsequential and temporary on their own, but as a lead-in to crashing the financial system, a very good way to train the drones into doing what the WEF want them to do. Also, to find out how many gullible idiots are willing to help this crash along.

Seems there are a whole army of them. So, get ready for the financial crash – unless enough people wake up to the scam. I am not hopeful of that.

Looks like the plan for digital currency is working well so far. Well, best get planting… there won’t be too many veggies on this year’s food bills, and I’ll have to dust off the fishing and hunting gear too.

If you live in a city, you have my sympathy. If you can, get the hell out soon.

15 thoughts on “Bank crashes

  1. Ok. Silvergate is gone. Silicon Bank on Friday, and both Circle and First Republic could easily crash on Monday.
    But rejoice! The Fed has just announced bail outs! We’re saved!
    Yes, they really did. I think this whole thing is engineered, with quantitative easing back on the table, we could be looking at hyperinflation.
    It’s going to difficult, trusting those scary banks. And the inflation, it’s getting so bad…
    Why am I seeing a very unsubtle run up to the new CBDC’s? So convenient .. so safe.
    Or am I too cynical here?
    Regardless, it’s probably a good idea to have some cash on hand, and top up any necessaries if you haven’t already.

    Liked by 1 person

  2. I’m spending my available cash on tools, plants and preserving equipment. Best case scenario; healthy fresh food in season, lowered grocery bills and working outdoors in the fresh air. Worst case scenario; won’t starve.

    With regards to these proposed centralised digital currencies, aren’t they just one huge, never ending inflation trap? At least they will be if the politicians get to run them. Excuse my cynicism.

    In that case I hear there are good deals on silver coinage at present. Price hovering around at just over 19 euros a troy ounce according to the latest information.. Might be worth a buy.


    • I’m well stocked with hand tools since power tools are great, but only as long as you can plug them in. School woodwork and metalwork classes in the 70s didn’t have much in the way of power tools (well there was a lathe and a shaper in metalwork but nothing electric in woodwork). So I grew up learning to use the hand tools. Lately I’ve learned to use a scythe, which might be a skill in demand out here if fuel prices keep going up πŸ˜‰


  3. Too many squirrels for my liking.
    Meanwhile, at my place of work we have otherwise healthy strapping fellows falling ill with far worse ailments than a bad cold, seizures, various heart issues, multiple complaining they haven’t felt right since they took part in Bill’s grand plan for humanity.

    It will come as no surprise that these people to a man (the women tend to be insider staff office lab etc so i don’t have much to do with them) have taken Bills shots.

    I’ve made some bloody stupid decisions and choices in my life, not taking part in the medical experiment is one decision i know deep in my heart was the right one, similarly i’m yet to come across anyone else who regrets not taking part…once again Leggy thankyou for the appraisals of these clotshots at the beginning in terms even dunces like me could understand, i dare say some of us owe you more than just thanks, our health and very lives.

    Has Harry’s $millions taken a rinsing? his and hers crying in their soup will get them reimbursed and compensated, but if he’s really down in tent city i call on the late Windsor Davies in full RSM Williams vibe to offer our condolences, ”Oh Dear How Sad Never Mind”

    However, look a squirrel.

    Liked by 1 person

    • While you are free to believe what you like, I place my faith in a mathematical technique thought up by a chemist in the Guinness company many, many years ago. I speak of course of the science of statistics, without which the modern world (and Leggie’s career) would not exist.

      If you look at the medical records of those who have taken covid-19 vaccinations and those who have not, you see a difference. Vascular-related ailments and deaths are markedly, statistically significantly higher, in the cohort who chose not to participate.

      This is not because of the virus per se, but because of how the virus gets into cells. To get into a cell, any virus has to stick to it and hope to be pulled inside the cell through the cell membrane (better thought of as a bit like that sheen of petrol on a puddle; a layer of oily stuff rather than something solid). Most viruses stick onto random cell proteins; this one sticks onto an enzyme that is involved in a blood pressure regulating system, the angiotensin system.

      How this works is as follows: some cells in your blood system secrete one chemical and some enzymes convert this into angiotensin. Angiotensin-2 enzymes convert angiotensin into something else. As long as everything is in balance, your blood pressure stays stable and everything is OK.

      The system here is supposed to kick in if there’s some sort of major bleeding going on in your body, and if this is detected then more angiotensin is secreted, which switches on more clotting factors and so on. The tie-in with covid-19 is that the virus binds onto the angiotensin-2 enzymes, bunging them up and preventing them converting angiotensin into the next thing along the line. This looks to your body like “Oh bugger, big hole in blood system, make blood extra-sticky to compensate”.

      So it does. That causes lots of minor blood clots all over, including in your lungs (low oxygen saturation being one symptom) and brain and so on. This is what makes covid-19 a killer, this blood clotting effect.

      The vaccines mostly prevent this stage of infection, and whilst they do have minor effects, the not dying from covid-19 effect far out-weighs the minor side-effects one.


      • Your assessment of the mechanism is spot on, but you didn’t mention that it’s the attachment protein (spike) that specifically blocks the angiotensin receptors. And that is what your cells are conned into making when you get an mRNA vaccine. The angiotensin blocking doesn’t need the rest of the virus, just the spike.
        If they just injected a vial of spike protein there’d be a bad effect in a few people, sure, but only until the immune system mopped up the foreign protein. Which shouldn’t take long, and then it’ll be business as usual.
        However, the mRNA does two things in making the cells produce it themselves. First, cells expressing foreign protein will be assumed by the immune system to be infected, and it will do the only thing it knows how to do in that situation. Kill the infected cell. How bad that is depends where the mRNA-dosed cell is. If it’s in your arm, you’ll get a bit of a sore arm until the immune system has cleared the ‘infected’ cells and then those cells will be replaced.
        If, however, it’s in a capillary or artery wall you’re likely to see holes appearing in the blood vessels, which is rather more serious. I know it’s meant to stay at the injection site but we all know it doesn’t.
        The second issue is the dose. If you injected spike protein, say one microgram, then you know exactly how much you’ve injected and should be able to predict how long it will take to clear. If you inject mRNA, how much spike protein will be produced? How long will production continue? I’ve no idea – reports vary on the duration from anything from 7 to 90 days. With no information on the amount and duration of production, there is no way to know how long, in any individual, it will take to clear that spike from the system. Nor how much damage it could do while it’s being continuously produced.
        If they were just injecting spike protein (I’d argue they should also inject nucleocapsid protein) I’d have had no issue with these jabs. But they aren’t, they are using a technique that’s never been tried on humans before and they have no information on how it will react. And they’ve forged ahead and done this on a global scale.

        Next, statistics. A very useful set of mathematical techniques, it’s true, but it’s only as good as the data put into it. I once worked alongside a researcher who did all experiments in quadruplicate rather than triplicate and I thought his stats must be better than mine (I did many tests at once, triplicate was hard enough to keep up with). But no. He was taking the ‘best’ three results and discarding the fourth. So he had really tight probability results but at the cost of discarding data that didn’t fit his theories. That’s not good science.

        The data on ‘vaccinated’ vs ‘unvaccinated’ is tainted by the definitions used. If you had two shots but refused a third or fourth or booster, you’d be re-tagged unvaccinated. If anything happened to you within two weeks after the shot, you were not considered vaccinated yet. Many people (and quite a few doctors) simply refuse to accept that their after-vax problems have anything to do with the vax. It’s human nature, nobody likes to admit they were conned. The whole thing is now such a mess that there’s no way to get reliable data. There might never be.

        I’m going to stick with my belief that while traditional vaccines work overall, injecting any kind of mRNA into people or animals is never going to be a good idea. Any unpredictable, experimental substance with no information on dose levels or duration is a terrible thing to inflict on unsuspecting people who have always trusted their doctors. Add in poorly trained injectors (they don’t know what ‘aspiration’ means) and PCR operators who really have no idea what they’re doing (I’ve met a few of them online, they really think they’re experts but all they’ve been trained in is pipetting into Eppendorf tubes and pressing buttons) and the whole thing is a disaster.

        I have to disagree on your final comment. The ‘vaccines’ have failed spectacularly and a lot of the side effects certainly aren’t minor.


    • I am also grateful for your advice at the very start. I did have two AZ at the start but refused the MRNA jabs. I am old, have lost half a lung and have other lung issues so should have been highly vulnerable! Never wore a mask on my respiratory doctor’s advice and largely ignored all the nonsense. I never caught covid despite being in contact with people who had it. So thanks again.


  4. Yes, get the Hell out before you need a permit to move outside your 15 minute ghetto. A permit which will become increasingly difficult to obtain.

    As to the bank thing: surely if you have a lot of money you spread it around so you get the benefit of several Β£85,000 Financial Services Compensation Scheme protections (I believe the USA has something similar). If Harry had a lot of money in that bank then he’s even more stupid than I thought.


  5. SVB went bust not because it made bad investments (ie loaned money to companies that couldn’t pay it back), it went bust because ironically it was too successful. During Covid the amount of money it attracted in deposits was far in excess of what it could lend out to good prospect companies, so it ended up with huge amounts of cash on its balance sheet. It therefore did the ‘sensible’ thing, it invested this money in US treasury bills, safe as houses. Unfortunately the tsunami of money that Western governments printed and threw at their economies during covid came back as inflation, and the virtually zero interest rates of the last 15 years suddenly started to rise. This causes the price of bonds to fall (as price is inversely related to yield). So SVB was sitting on huge losses on its bond portfolio. Now in the long run this is not a problem, because if you hold a bond to term it will pay out the nominal capital sum and you will still receive the income in the meantime. However if people ask for their cash back before then, you have to sell some bonds to give them their money back, and you have to sell them at the (lower) market price, thus crystallising your losses. Once word gets out that you are losing money hand over fist everyone demands their money back and eventually you run out of liquid assets to sell and you have to shut the doors. Which is what happened last Friday.


    • And which is why the Fed, etc al, declared that banks can sell their t-bonds back and get face value for them. But ultimately, it’s still a house of cards.


      • Ok, this one is actually pretty easy. Interest rates were low for a long time, and banks bought ten year bonds with interest rates around 1.7%. Which you couldn’t collect until the ten years were up. Meanwhile…in a feeble attempt to control inflation, the Fed has been raising interest rates. It’s around 5% now.
        So….the banks were losing money holding on to those old stinky bonds. If they tried to sell them back, or on the open market, the best they could do would be around 750k on a million dollar bond. Ouch. Especially when your depositors need money for payrolls, etc. The bank just couldn’t raise enough money to cover their obligations.
        So, Fed to the rescue! Not only are they stretching their insurance scheme to cover all depositors, not just the ones with under 250k. Uhhh….well the elite$ find loss unacceptable, what can I say?
        The Fed has also said that ANY American bank can sell those old 1.7% bonds back to the treasury and get full face value.
        If I were a banker, I’d do it. I’d be crazy not to. The Fed is betting that they’ll all buy the new shiny 5% bonds. And some will. But bonds, they’re getting a little risky now with all the bailouts.
        Things could easily get very interesting.
        Also skint, but since I’m an astrologer, and I get loads of financial questions, especially these days, I try to keep up.


First comments are moderated to keep the spambots out. Once your first comment is approved, you're in.

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.