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  • Paul was right.

    From risky biz@21:1/5 to All on Mon May 1 17:21:04 2023
    He warned about the massive increase in the money supply. Now economic illiterates are getting flattened by the inflation and interest rate surge that inevitably resulted.


    Three of the four largest-ever bank failures have happened since March https://www.msn.com/en-us/money/personalfinance/three-of-the-four-largest-ever-bank-failures-have-happened-since-march/ar-AA18AzDe

    Berkshire Hathaway's Charlie Munger warns of bad loans https://news.google.com/search?for=charlie+munger+commercial+real+estate&hl=en-US&gl=US&ceid=US%3Aen


    And tell me THIS .. :

    NBC
    Biden promises banking system 'safe and sound' after First Republic collapse

    CNN
    White House banking headache won't end with First Republic deal

    MSNBC
    Biden assures that all depositors from First Republic Bank will be protected

    The Guardian US
    Biden says banking system is ‘safe and sound’ despite First Republic collapse – as it happened

    .. doesn't sound a lot like THIS:

    risky biz, Jan 31, 2020: It's official. Coronavirus is out of control in the U.S.
    'Trump says coronavirus outbreak is 'all under control' and a 'very small problem' in US
    Trump said the federal government is working closely with China to contain the coronavirus outbreak, predicting "a very good ending" for the U.S..'
    https://groups.google.com/g/rec.gambling.poker/c/fSJShHJmki0/m/dj_Na_sIAAAJ

    --- SoupGate-Win32 v1.05
    * Origin: fsxNet Usenet Gateway (21:1/5)
  • From BTSinAustin@21:1/5 to risky biz on Tue May 2 07:59:31 2023
    On Monday, May 1, 2023 at 8:21:08 PM UTC-4, risky biz wrote:
    He warned about the massive increase in the money supply. Now economic illiterates are getting flattened by the inflation and interest rate surge that inevitably resulted.


    Three of the four largest-ever bank failures have happened since March https://www.msn.com/en-us/money/personalfinance/three-of-the-four-largest-ever-bank-failures-have-happened-since-march/ar-AA18AzDe

    Berkshire Hathaway's Charlie Munger warns of bad loans https://news.google.com/search?for=charlie+munger+commercial+real+estate&hl=en-US&gl=US&ceid=US%3Aen


    And tell me THIS .. :

    NBC
    Biden promises banking system 'safe and sound' after First Republic collapse

    CNN
    White House banking headache won't end with First Republic deal

    MSNBC
    Biden assures that all depositors from First Republic Bank will be protected

    The Guardian US
    Biden says banking system is ‘safe and sound’ despite First Republic collapse – as it happened

    .. doesn't sound a lot like THIS:

    risky biz, Jan 31, 2020: It's official. Coronavirus is out of control in the U.S.
    'Trump says coronavirus outbreak is 'all under control' and a 'very small problem' in US
    Trump said the federal government is working closely with China to contain the coronavirus outbreak, predicting "a very good ending" for the U.S..'
    https://groups.google.com/g/rec.gambling.poker/c/fSJShHJmki0/m/dj_Na_sIAAAJ


    https://snipboard.io/repGwl.jpg

    --- SoupGate-Win32 v1.05
    * Origin: fsxNet Usenet Gateway (21:1/5)
  • From VegasJerry@21:1/5 to risky biz on Tue May 2 10:31:06 2023
    On Monday, May 1, 2023 at 5:21:08 PM UTC-7, risky biz wrote:
    He warned about the massive increase in the money supply. Now economic illiterates are getting flattened by the inflation and interest rate surge that inevitably resulted.


    Three of the four largest-ever bank failures have happened since March https://www.msn.com/en-us/money/personalfinance/three-of-the-four-largest-ever-bank-failures-have-happened-since-march/ar-AA18AzDe

    Berkshire Hathaway's Charlie Munger warns of bad loans https://news.google.com/search?for=charlie+munger+commercial+real+estate&hl=en-US&gl=US&ceid=US%3Aen


    And tell me THIS .. :

    NBC
    Biden promises banking system 'safe and sound' after First Republic collapse
    .

    And, as noted in yesterday's news, it is. All your deposits are safe.
    .

    CNN
    White House banking headache won't end with First Republic deal
    .

    What is a "White House banking headache?"
    .

    MSNBC
    Biden assures that all depositors from First Republic Bank will be protected
    .

    And they are.
    .

    The Guardian US
    Biden says banking system is ‘safe and sound’ despite First Republic collapse
    .

    And it is.
    .

    – as it happened

    .. doesn't sound a lot like THIS:

    risky biz, Jan 31, 2020: It's official. Coronavirus is out of control in the U.S.
    .

    That's because this is about Covid. The above was about banking...
    .
    .
    .


    'Trump says coronavirus outbreak is 'all under control' and a 'very small problem' in US
    Trump said the federal government is working closely with China to contain the coronavirus outbreak, predicting "a very good ending" for the U.S..'
    https://groups.google.com/g/rec.gambling.poker/c/fSJShHJmki0/m/dj_Na_sIAAAJ

    --- SoupGate-Win32 v1.05
    * Origin: fsxNet Usenet Gateway (21:1/5)
  • From risky biz@21:1/5 to All on Tue May 2 23:04:50 2023
    ~ On Tuesday, May 2, 2023 at 10:31:10 AM UTC-7, VegasJerry wrote:
    <flushhhh>


    If you were trying to convince me that you're clueless .. you succeeded.

    --- SoupGate-Win32 v1.05
    * Origin: fsxNet Usenet Gateway (21:1/5)
  • From VegasJerry@21:1/5 to VegasJerry on Wed May 3 06:30:32 2023
    On Tuesday, May 2, 2023 at 10:31:10 AM UTC-7, VegasJerry wrote:
    On Monday, May 1, 2023 at 5:21:08 PM UTC-7, risky biz wrote:
    He warned about the massive increase in the money supply. Now economic illiterates are getting flattened by the inflation and interest rate surge that inevitably resulted.


    Three of the four largest-ever bank failures have happened since March https://www.msn.com/en-us/money/personalfinance/three-of-the-four-largest-ever-bank-failures-have-happened-since-march/ar-AA18AzDe

    Berkshire Hathaway's Charlie Munger warns of bad loans https://news.google.com/search?for=charlie+munger+commercial+real+estate&hl=en-US&gl=US&ceid=US%3Aen


    And tell me THIS .. :

    NBC
    Biden promises banking system 'safe and sound' after First Republic collapse
    .

    And, as noted in yesterday's news, it is. All your deposits are safe.
    .
    .
    **** Apparently I convinced you ****
    .___________________________________
    .
    .
    CNN
    White House banking headache won't end with First Republic deal
    .

    What is a "White House banking headache?"
    .
    .
    **** No answer noted ****
    __________________________.
    .
    .
    .
    MSNBC
    Biden assures that all depositors from First Republic Bank will be protected
    .

    And they are.
    .
    .
    *** Apparently I convinced you again *** ____________________________________________
    .
    .
    .
    The Guardian US
    Biden says banking system is ‘safe and sound’ despite First Republic collapse
    .

    And it is.
    .
    .
    .
    *** Apparently I convinced you, yet again ***
    _______________________________
    .
    .
    .
    .
    .
    – as it happened

    .. doesn't sound a lot like THIS:

    risky biz, Jan 31, 2020: It's official. Coronavirus is out of control in the U.S.
    .

    That's because this is about Covid. The above was about banking...
    .
    .

    **** Concession accepted ****
    _______________________________
    .
    .
    .

    If you were trying to convince me that you're clueless .. you succeeded.

    I succeeded in convincing you above. You 'were' clueless....

    --- SoupGate-Win32 v1.05
    * Origin: fsxNet Usenet Gateway (21:1/5)
  • From jack roth@21:1/5 to risky biz on Fri May 5 18:26:01 2023
    On Monday, May 1, 2023 at 5:21:08 PM UTC-7, risky biz wrote:

    MSNBC
    Biden assures that all depositors from First Republic Bank will be protected

    Problem is the "value" of those dollars isn't safe as we are debasing our USD as we print it and inflatioin wipes away it's purchasing power. Biden did that.

    The Guardian US
    Biden says banking system is ‘safe and sound’ despite First Republic collapse – as it happened

    They have to tell you it's safe and sound....banking is a confidence game and the moment there is no confidence, it fails. There are video recordings of fed meetings talking about how unstable banking is.


    .. doesn't sound a lot like THIS:

    risky biz, Jan 31, 2020: It's official. Coronavirus is out of control in the U.S.
    'Trump says coronavirus outbreak is 'all under control' and a 'very small problem' in US
    Trump said the federal government is working closely with China to contain the coronavirus outbreak, predicting "a very good ending" for the U.S..'
    https://groups.google.com/g/rec.gambling.poker/c/fSJShHJmki0/m/dj_Na_sIAAAJ

    --- SoupGate-Win32 v1.05
    * Origin: fsxNet Usenet Gateway (21:1/5)
  • From VegasJerry@21:1/5 to jack roth on Sat May 6 07:31:15 2023
    On Friday, May 5, 2023 at 6:26:05 PM UTC-7, jack roth wrote:
    On Monday, May 1, 2023 at 5:21:08 PM UTC-7, risky biz wrote:
    MSNBC
    Biden assures that all depositors from First Republic Bank will be protected
    Problem is the "value" of those dollars isn't safe as we are debasing our USD as we print it and inflatioin wipes away it's purchasing power. Biden did that.
    .

    Really? So how'd he do that?
    .
    .
    .
    .
    .

    The Guardian US
    Biden says banking system is ‘safe and sound’ despite First Republic collapse – as it happened
    .
    They have to tell you it's safe and sound
    .

    No they don't. Whatever gave you that idea?
    .

    ....banking is a confidence game and the moment there is no confidence, it fails.
    .

    And as he told you, it's not failing...
    .
    .
    There are video recordings of fed meetings talking about how unstable banking is.

    .. doesn't sound a lot like THIS:

    risky biz, Jan 31, 2020: It's official. Coronavirus is out of control in the U.S.
    'Trump says coronavirus outbreak is 'all under control' and a 'very small problem' in US
    Trump said the federal government is working closely with China to contain the coronavirus outbreak, predicting "a very good ending" for the U.S..'
    https://groups.google.com/g/rec.gambling.poker/c/fSJShHJmki0/m/dj_Na_sIAAAJ

    --- SoupGate-Win32 v1.05
    * Origin: fsxNet Usenet Gateway (21:1/5)
  • From jack roth@21:1/5 to VegasJerry on Sat May 6 11:53:23 2023
    On Saturday, May 6, 2023 at 7:31:19 AM UTC-7, VegasJerry wrote:
    On Friday, May 5, 2023 at 6:26:05 PM UTC-7, jack roth wrote:
    On Monday, May 1, 2023 at 5:21:08 PM UTC-7, risky biz wrote:
    MSNBC
    Biden assures that all depositors from First Republic Bank will be protected
    Problem is the "value" of those dollars isn't safe as we are debasing our USD as we print it and inflatioin wipes away it's purchasing power. Biden did that.
    .

    Really? So how'd he do that?

    When he prints money you ignorant dumbshit. The more money in circulation, the less each dollar buys at it chases the same products. Econ101 you dumbfuck.

    .
    .
    .
    .
    .

    The Guardian US
    Biden says banking system is ‘safe and sound’ despite First Republic collapse – as it happened
    .
    They have to tell you it's safe and sound
    .
    No they don't. Whatever gave you that idea?
    .
    ....banking is a confidence game and the moment there is no confidence, it fails.
    .

    And as he told you, it's not failing...

    Yes it very much is failing....you see the only way it doesn't fail is if they print trillions to save it...so there are tradeoffs, you either let the banks fail or you destroy the USD by debasing it as you print an infinite amount to save your insolvent
    bullshit banking system. Are these concept really THAT hard for you to understand. This stuff isn't new. It happened in 2008...actually it never stopped....they just put a $10T bandaid on it...and now biden will have to put trillions in more
    bandaids on the system if he wants to try and keep it afloat a few more years. But, it's the fiat system itself that doesn't work...and has never worked in history. It all ends the same way...you keep debasing the currency by printing more of it to
    keep your system going a little longer...pretty soon you need a wheelbarrow of currency to buy a loaf of bread...like the germans in Weimar Germany Happens slowly at first...then all of a sudden.
    .
    .
    There are video recordings of fed meetings talking about how unstable banking is.

    .. doesn't sound a lot like THIS:

    risky biz, Jan 31, 2020: It's official. Coronavirus is out of control in the U.S.
    'Trump says coronavirus outbreak is 'all under control' and a 'very small problem' in US
    Trump said the federal government is working closely with China to contain the coronavirus outbreak, predicting "a very good ending" for the U.S..'
    https://groups.google.com/g/rec.gambling.poker/c/fSJShHJmki0/m/dj_Na_sIAAAJ

    --- SoupGate-Win32 v1.05
    * Origin: fsxNet Usenet Gateway (21:1/5)
  • From Paul Popinjay@21:1/5 to jack roth on Sat May 6 12:20:24 2023
    On Saturday, May 6, 2023 at 11:53:26 AM UTC-7, jack roth wrote:

    When he prints money you ignorant dumbshit. The more money in circulation, the less each dollar buys at it chases the same products. Econ101 you dumbfuck.

    Let him stay ignorant. That way he will be in for a big surprise when the Dollar is zero, and he will fall flat on his ass. I will be happy to see him in a tent on the sidewalk or with the drainage people underground Vegas. Let him continue to trust
    the democrats, he will get what he deserves.

    --- SoupGate-Win32 v1.05
    * Origin: fsxNet Usenet Gateway (21:1/5)