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I would love to set up a barter group but we are all consumers and actually produce almost nothing. I grow beef, sheep, chickens/eggs garden and hay but I do not know anyone that can produce a carb or new tire. Fuel is hard too. Will need to learn to do without if we cannot buy or trade for it, produce what you can and learn new skills but really be prepared to do without.
 
Con8 said:
What are everyone's thoughts on this banking collapse and credit unions?
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It's mainly affecting investment banks at this point. But not all credit unions are equally healthy. One should look at your local CU's financials. And if you must use banking you should be using a small, local CU and not any commercial bank.

Where banks are getting in trouble is when the big depositors get wind of losses and move their money elsewhere, causing the balance sheet to go upside down. Credit unions mostly do local lending. Their risk will be losses on loans if the economy crashes due to the financial crisis or the global collapse of the dollar.

This is probably why the go-ahead on drilling. The US's new position as an oil exporter is one of the few ways we can keep up global demand for dollars. Same goes for the destruction of food facilities. They'd rather that grain be exported than fed to chickens for feeding Americans eggs.
 
rockfox said:
It's mainly affecting investment banks at this point. But not all credit unions are equally healthy. One should look at your local CU's financials. And if you must use banking you should be using a small, local CU and not any commercial bank.

Where banks are getting in trouble is when the big depositors get wind of losses and move their money elsewhere, causing the balance sheet to go upside down. Credit unions mostly do local lending. Their risk will be losses on loans if the economy crashes due to the financial crisis or the global collapse of the dollar.

This is probably why the go-ahead on drilling. The US's new position as an oil exporter is one of the few ways we can keep up global demand for dollars. Same goes for the destruction of food facilities. They'd rather that grain be exported than fed to chickens for feeding Americans eggs.
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Thanks for the advice, I do feel better.
 
I didn't see where it was mentioned, they might have scrubbed it. Or I might be blind.
 
It was at the top....only one comment.

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Thanks @Joleneakamama. It's confirmed, blind idiot. Making a note... in my journal... done...
 
It was the point they thought most controversial and most likely to grab the attention of readers. I found it interesting as it shows they've clearly been exposed to this line of argument. I got the feeling that someone was keen to raise the issue, but also keen to hide their personal interest with a smokescreen of other random ideas. They were clearly thinking about it enough to put it first.
 
@NickF You probably just scrolled down before that pic loaded. That's what I did. I read to the bottom, didn't find it, so went back up.
 
I would quite literally cast the first stone…

 
Con8 said:
Thanks for the advice, I do feel better.
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Don't feel too better. The USD is on life support. We're waiting for a currency crash and rapid deflation or hyper inflation. It's only a matter of time.

Prepare accordingly.
 
rockfox said:
Don't feel too better. The USD is on life support. We're waiting for a currency crash and rapid deflation or hyper inflation. It's only a matter of time.

Prepare accordingly.
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Actually USD will be last currency to crash.

They are least dirty. All fiat currencies are shitcoins of Ponzi species, but USD is cleanest. Therefore is has advantage.

As reserve currency, other central banks, except Fed, can use USD to lever itself. For example, create 100 Euro and keep 20 USD is reserve. 5:1 leverage. So USD as Ponzi can become father of additional Ponzi children. And it can sacrifice its Ponzi children to buy itself more time.

Why do you think stablecoins/crytos are dying? They are mostly using 0% interest rate USD to create additional Ponzi scheme. Now Powell is saving USD by raising rates bankupting children Ponzies.
 
And by the way, regarding Silicon Valley Bank.

Fed didn't print new money to "save" bank. Learn the difference between quantitative easing and loan.
 
Possibly he was designated for one specific job, although he did his best to destroy our Constitution.
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MemeFan said:
Actually USD will be last currency to crash.

They are least dirty. All fiat currencies are shitcoins of Ponzi species, but USD is cleanest. Therefore is has advantage.

As reserve currency, other central banks, except Fed, can use USD to lever itself. For example, create 100 Euro and keep 20 USD is reserve. 5:1 leverage. So USD as Ponzi can become father of additional Ponzi children. And it can sacrifice its Ponzi children to buy itself more time.

Why do you think stablecoins/crytos are dying? They are mostly using 0% interest rate USD to create additional Ponzi scheme. Now Powell is saving USD by raising rates bankupting children Ponzies.
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Crypto's aren't dying, they're being targeted for death.

I won't say that the USD will be the first to crash but it certainly won't be the last. It's the biggest bubble around.

MemeFan said:
Fed didn't print new money to "save" bank. Learn the difference between quantitative easing and loan.
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Which one did they do for SVB?
 
Con8 said:
What are everyone's thoughts on this banking collapse and credit unions?
Click to expand...
I didn't even know we were having a problem. Another test for the world and the American people. I really HOPE people turn there TV's OFF and QUIT watching the news.
 
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