Second Largest Bank Failure in U.S. History…

[Leadeye]

Credit card delinquency rate is highest since 2012, waiting for the explination from .gov on how this is actually a good thing

After paying off student debt people will want credit card debt debt paid by government.

 

[firecadet613]

Higher interest rates have created 63 'problem banks' and $517 billion in unrealized losses, FDIC says

"This is the ninth straight quarter of unusually high unrealized losses since the Federal Reserve began to raise interest rates," the FDIC said.

ca.finance.yahoo.com

• High interest rates continue to put pressure on the US banking system.
• The FDIC said the US banking system has 63 "problem banks" and is sitting on $517 billion in unrealized losses.
• Upward pressure on mortgage rates has significantly hurt the banking sector.

I am sure it is nothing. The financial system is in great shape, the fed said so.

The only banks failing are the ones they want to fail.

Credit card delinquency rate is highest since 2012, waiting for the explination from .gov on how this is actually a good thing

Nothing to see here, please just stay focused on the crisis in Ukraine!

 

[smokingman]

Goldman Sachs Fails Fed Stress Test | ZeroHedge

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero

www.zerohedge.com

 

[smokingman]

Endgame: Interest On US Debt Surpasses $1 Trillion For First Time Ever, Exploding August Budget Deficit To Record High | ZeroHedge

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero

www.zerohedge.com

The US government crosses the 1.6 trillion in interest no later than December of 2024,making interest the single largest outlay of the US government,passing even social security at 1.5 trillion. We passed defense spending this month.

Slippery slope has an edge and it is quickly becoming visible.

 

[manifest destiny]

I sometimes wonder if there is any nation on this earth that isn't effectively bankrupt. Probably there is an example or two of a nation that is net positive. America may be the most leveraged but, since America tends to give away too much money to other nations via "aid", I doubt those countries will say much unless the dollar-spigot gets shut off.

 

[BE Mike]

I sometimes wonder if there is any nation on this earth that isn't effectively bankrupt. Probably there is an example or two of a nation that is net positive. America may be the most leveraged but, since America tends to give away too much money to other nations via "aid", I doubt those countries will say much unless the dollar-spigot gets shut off.

Unfortunately, and I don't like throwing our money away to other nations, but if we don't buy our way to regional influence, China will. They are already becoming a big contributor to South American countries.

 

[tim87tr]

I sometimes wonder if there is any nation on this earth that isn't effectively bankrupt. Probably there is an example or two of a nation that is net positive. America may be the most leveraged but, since America tends to give away too much money to other nations via "aid", I doubt those countries will say much unless the dollar-spigot gets shut off.

All fiat currencies eventually go back to their intrinsic value of zero. Was watching some of Mike Maloneys videos about the history of money and recall him going to a museum of dead fiat currencies.

I like his phrase about your true wealth being your time and freedom and money is just a tool for trading your time. I can appreciate time as a currency.



Longest treasury yield curve inversion since 1929, a predictor of recession. Not going to be a smooth ride. I often wonder what this looks like in 5 or 10 years?

 

[KLB]

Unfortunately, and I don't like throwing our money away to other nations, but if we don't buy our way to regional influence, China will. They are already becoming a big contributor to South American countries.

So?

 

[firecadet613]

I like his phrase about your true wealth being your time and freedom and money is just a tool for trading your time. I can appreciate time as a currency.

This!

 

[Ark]

Endgame: Interest On US Debt Surpasses $1 Trillion For First Time Ever, Exploding August Budget Deficit To Record High | ZeroHedge

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero

www.zerohedge.com

The US government crosses the 1.6 trillion in interest no later than December of 2024,making interest the single largest outlay of the US government,passing even social security at 1.5 trillion. We passed defense spending this month.

Slippery slope has an edge and it is quickly becoming visible.

And both candidates are trying to out-promise each other on free goodies and tax cuts.