Beginning of the end?

[hpdrifter]

https://www.cnbc.com/2023/03/10/sili...-deposits.html

Silicon Valley Bank goes bust!

[91cavgt]

That can’t happen and you are a fear monger and conspiracy theorist if you think it can. Just ask all the normies around here. There are a few of us here that have been trying to warn people, but most don’t want to hear about it, until after it happens. Then they gripe and complain that no one could have possibly known it was going to happen.



GDP numbers have been manipulated. We have been in a recession since early last year. All we need to technically be in a depression is more people out of work, which is what the FED says they are trying to do.


Black Rock is already backing out on real estate. The fundamentals of our economy are in shambles and banks are in trouble.

[RiverRat1]

It's insane with the amount of regulation that this can happen.

I mean we know it's all a huge scam and they let it happen but still... geez. A bunch of board members should go to jail at least.

[Bard]

If you bank at Wells Fargo I suggest you check your account balance.

[rolylane6]

If you bank at Wells Fargo I suggest you check your account balance.

Had two buddies at work today who said their balances went zero overnight and their paycheck deposits disappeared. Both with Wells Fargo.

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[PondPopper]

Had two buddies at work today who said their balances went zero overnight and their paycheck deposits disappeared. Both with Wells Fargo.

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Say what?????
Oh no!!!!

[rolylane6]

Say what?????

Oh no!!!!

I'm not sure what the reason was or if they ever got it resolved or not. I'll ask em tomorrow.

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[Rangefinder]

Checked my Wells Fargo accounts and all is good.

[Killer]

Hope this isn’t the start of something bad

[kae006]

Checked my Wells Fargo accounts and all is good.

Had two buddies at work today who said their balances went zero overnight and their paycheck deposits disappeared. Both with Wells Fargo.

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Believe it was a glitch regarding direct deposits. Those living paycheck to paycheck may have seen a negative balance on their account if they direct deposit wasn’t reflected. (Don’t mean that in a negative way whatsoever, just didn’t know how else to word it)


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[kyle1974]

My mortgage is with Wells Fargo. Maybe they lost that too.

[MidnightRyder22]

Flip coming
Act II Phase 3 (11.3)
A Traitors Justice

[4wheels]

Hope this isn’t the start of something bad

It is.. The folks with a lot of VC money are in the middle of getting squeezed. All of their liberal policies are biting them in the butt. Pay close attention to the financial news this weekend. How far will this spread? Are we about to watch a bunch of California liberals loose billions?

What about nationwide companies that call California home? How will they be affected? Hulu, Netflix?

[91cavgt]

It is.. The folks with a lot of VC money are in the middle of getting squeezed. All of their liberal policies are biting them in the butt. Pay close attention to the financial news this weekend. How far will this spread? Are we about to watch a bunch of California liberals loose billions?

What about nationwide companies that call California home? How will they be affected? Hulu, Netflix?

These things always happen on Fridays. The last (or the one before last) meeting they talked about releasing major news about financial problems on Fridays to the general public, but letting those in-the-know know about the problems sooner so that they have time to act before the public can.



This is most definitely a start. The big question now is are they going to let this marinate with the public for a few weeks first before the next dominoes fall, or go ahead and let the dominoes fall now? My bet is they will pause to see the public’s reaction, wait for a few other distractions to occur, then allow more banking problems to occur.

[rolylane6]

Believe it was a glitch regarding direct deposits. Those living paycheck to paycheck may have seen a negative balance on their account if they direct deposit wasn’t reflected. (Don’t mean that in a negative way whatsoever, just didn’t know how else to word it)


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The one buddy had about a 4k balance that disappeared along with his $3800 paycheck deposit that never showed. He was pretty freaked out.

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