And

 

of course it's the NY post that's gonna make the most sense right?

(Talk about a sign of the times.)

Investor who called Lehman collapse predicts the next big US bank failure

“The problem is the bond market, and my prediction, I called Lehman Brothers years ago, and I think the next bank to go is Credit Suisse,” the Rich Dad Company co-founder Robert Kiyosaki said on “Cavuto: Coast to Coast” Monday, “because the bond market is crashing.”

(They (some banks) can not afford to have

less revenues 

from these long term Bonds they bought up during the easy money days..)

Just days after SVB, the California-based bank primarily used by tech industry companies and startups, declared bankruptcy, New York-based Signature Bank announced it would be shutting down to protect consumers and the financial system.

Similarly to SVB, Signature Bank was famous among crypto companies.

(One is an accident, two is a trend...)

"The institution provided deposit services for its clients’ digital assets but did not make loans collateralized by them."

"The closure announcement came in a joint statement from the U.S. Treasury Department, the Federal Reserve, and the Federal Deposit Insurance Corporation (FDIC)."

"The regulators said SVB clients would have access to their money starting Monday, at no expense to the American taxpayer."

"Similar recourse will soon be provided to Signature Bank clients, regulators also claimed."

("...at no expense to the American taxpayer..."

Lets just wait and see how that all plays out...)

"Kiyosaki further explained how the bond market – the economy’s “biggest problem” – will put the U.S. in “serious trouble” as he expects the American dollar to weaken."

(Sound familiar yet?)

“The U.S. dollar is losing its homogeny in the world right now. So they’re going to print more and more and more of this,” the expert said while holding up a dollar bill, “trying to keep this thing from sinking.”

(Remember: 

"at no expense to the American taxpayer." ?

$'s coming from somewhere.

Thin air yo.)

"He further expressed concern over pension plans and individual retirement accounts (IRAs) in the current market environment, adding the American taxpayer will be hit hardest by bank bailouts.'

(If it's not in your hands?

You're not in charge of it.

You're just being given 

the "illusion" of having it in your control.)

“My generation, the boomers, we’re trying to retire. So this is the perfect storm in many ways,” Kiyosaki said. “Like I said, again, I think the Fed and the FDIC signaled they’re going to print again, which makes stocks good. But this little silver coin here is still the best, it’s 35 bucks, so I reckon anybody can afford $35, and I’m concerned about Credit Suisse.”

(I'd throw Deutch bank in there as well...

"regulators chided the group over several issues, including shortcomings in methodology, as well as the length of time it took to conduct the probe and then to punish those concerned. One person familiar with the matter said one of the points criticised by regulators was that the bank only scrutinised a limited number of transactions when it checked the quality of its internal controls, arguing that taking a broader sample would have been a better approach.'

(Queue buddy's wife somebody:

WE HAVE ALREADY SEEN THIS TV SHOW!")

"Amid hyperinflation and printing more money, Kiyosaki advised exploring or buying into silver and gold investments during a volatile market.'

(Peter Schiff and Gold etc...)

“The Fed and the FDIC are signaling hyperinflation, which makes gold and silver even better because this thing here is trash (The $ I'm assuming). They’re going to spread more and more of this fake money, and that’s what the Fed and the FDIC are signaling: we’re going to print as much of this as possible to keep the crash from accelerating. But they’re the guys who are causing it,” the market expert said.

(It wont just be a crisis this time, 

Sooner or later, (probably sooner the way it looks) it will be a global and complete financial crash.)

On “Mornings with Maria,” best-selling author and The Bear Traps Report founder Larry McDonald warned of similarities between the SVB collapse and  Lehman Brothers, which Kiyosaki originally forecasted."

“And what I saw inside of Lehman and what we just learned over the weekend as to the way this bank was managing itself,” the expert continued, “it’s just bloodcurdling irresponsibility and the Fed enabled it. And then when they juiced rates up higher, they’re essentially just blowing up these bad actors.”

(Easy money policies create asset bubbles over time.

Eventually they pop.

Remember when you couldn't wait to get to the post-Covid world?

How are ya liking it so far?)

Speaking of which:

Easy money bill is due: Silicon Valley Bank’s collapse isn’t a ‘Lehman Moment’ — at least not yet

"Ever since the 2008 implosion of the US financial system, Wall Street has been on tenterhooks for the next “Lehman Moment,” a triggering event named after the ill-fated investment bank that led to the broader crash of the banking system and the economy."

'The latest alleged Lehman Moment occurred Friday with the crash-and-burn of Silicon Valley Bank."

"With around $200 billion in assets, it’s the second-biggest bank collapse in history." 

"Bank stocks have been crushed in recent days, as traders and investors fret that losses by SVB are an indication of systemic risk spreading through the broader banking system, leading to a string of bank losses, some possibly collapsing, and then a recession.

Banks then stop lending, businesses recoil, the economy goes into the tank."

I say “alleged” because according to my sources this isn’t quite a Lehman Moment — at least not yet."

"SVB’s slide into the abyss is a warning sign, they say, that we have trouble in the plumbing of the banking system built up through years of free-spending, i.e., money printing at the Federal Reserve and fiscal blowouts by the Biden administration."

(I like how the author leaves out Trumps reckless tax cuts/increased spending etc. Point is Dem or Rep, both been doing the same for years and now here we are.)

"Its parent company, SVB Financial, is scrambling to find a buyer.

Like Lehman, it will be difficult, so complete collapse is very possible."

"Regulators like the FDIC and Fed must approve any sale, narrowing the list of acquirers to major financial institutions."

(Only the big boys get to go fishin...nice.)

"Big banks will be hesitant to buy SVB’s portfolio."

"It’s difficult to value and given their experience during the financial crisis, probably a non-starter. Recall: JP and BofA bought Bear Stearns and Merrill Lynch, respectively, as they were collapsing — only to be saddled with huge liabilities."

"That leaves as possible buyers alternative asset managers like private equity, firms like Blackstone and Apollo."

"But both are vulture investors and might want to pick up SVB’s portfolio only on the very cheap"

(Lack of good options anybody?)

"Here’s the good news: Lehman’s holdings of underwater mortgage debt that caused its insolvency were found in every large bank balance sheet, hence the need for a government bailout to prevent financial Armageddon."

"Silicon Valley’s portfolio business is pretty idiosyncratic. It serves mainly venture capital firms that began yanking money from accounts as tech losses mounted."

(Asset bubble = An economy built on IG filters.

IDK where I saw that but its true.

If you create enough $ out of thin air?

It has to go somewhere.

So IG filters it was.

(I'm just substituting IG filters for tech stocks here

Easy $ policies were doomed to failure to start with.)

"That forced the bank to unload its holdings of Treasury bonds, themselves depressed amid Fed rate increases, leading to the crash. Big banks like JPMorgan have a more diverse customer base so they don’t have to worry about unloading Treasurys to meet a bank run, at least not yet.

"But that doesn’t mean the SVB experience isn’t of concern."

"It’s pretty clear that the massive amounts of fiscal spending and money printing that only recently ended distorted so much of the banking system’s plumbing that recent Fed rate increases are beginning to wreak havoc."

"SVB’s holdings of Treasury securities exploded amid this bonanza of fiscal excess, but so did similar holdings at every major bank."

(We gonna be able to fix all of them when the time comes?)

"Prices remained stable and high even during the Biden administration’s spending because the Fed kept printing money, essentially buying the bonds the Treasury was selling."

"That was all well and good until inflation set in and the Fed had to reverse course."

We acted like we (corporations/investors etc) could just borrow $ for nothing and invest it in the stock market and get returns much larger than would have been possible under normal conditions and just keep doing it forever. It was foolishness. For some on Wall Street? Easy $ policies were the norm. They never knew any different, thought it would continue forever etc...Opps.

side note:

I've mentioned on here a few times how I believe the First woe was the financial crisis and the second woe was Covid. These two events were global and the first one brought about the financial conditions we are now in and trying to solve:

ie, taming inflation by raising interest rates which causes banks to fail.

Revelation 9:12

One woe is past; and, behold, there come two woes more hereafter.

 Revelation 11:14

1The second woe is past; and, behold, the third woe cometh quickly.

"The Fed rate increases are now depressing bonds held not just by SVB but every major bank.'

"Again the good news: Unlike Silicon Valley, most large banks have a diversified depositor base that isn’t yanking deposits."

"Still, what’s being held in the banking systems is a mother lode of assets with prices that were distorted by the money printing era of super big government, which under the right circumstances could create that Lehman Moment the market has been worrying about."

It is not a matter of "If"

but of "When."

Is your heart right?

have you talked to your creator lately?

How are things going for you?

You gonna be able to sit and watch everything you ever worked for or held dear in your life wither away to nothing?

All the while praising your God like Job and so many others have?"

Job 2:9-10

Then said his wife unto him, Dost thou still retain thine integrity? curse God, and die.

But he said unto her, Thou speakest as one of the foolish women speaketh. What? shall we receive good at the hand of God, and shall we not receive evil? In all this did not Job sin with his lips.

It's whats expected...