Search found 1265 matches

by glennds
Tue Mar 28, 2023 5:15 pm
Forum: Politics
Topic: TikTok ban thoughts?
Replies: 26
Views: 19500

Re: TikTok ban thoughts?

TikTok is more dangerous as a tool of persuasion than of espionage. The US Government doesn't like tools of persuasion that they can't control (and apparently they haven't figured out how to profit from it) hence they want to ban it. Agreed. I think there's a real ability to use the algorithm to pu...
by glennds
Tue Mar 28, 2023 12:49 pm
Forum: Politics
Topic: TikTok ban thoughts?
Replies: 26
Views: 19500

Re: TikTok ban thoughts?

If a VPN is used, how would anyone know what you accessed? Isn't the whole point of a VPN privacy from your ISP and the watchful eyes of any agency? That's a common response among the tech types. Especially crypto fans ask how the gov't will know they have banned bitcoin on their external, encrypte...
by glennds
Tue Mar 28, 2023 10:31 am
Forum: Politics
Topic: TikTok ban thoughts?
Replies: 26
Views: 19500

TikTok ban thoughts?

What do people here think about the proposed ban on TikTok? Whether you are a user or not, I think it's an interesting question. Trump's administration tried and ultimately failed to get it past the court system. Biden's administration withdrew Trump's EO and instead has tried to mount a bipartisan ...
by glennds
Fri Mar 24, 2023 10:30 am
Forum: Other Discussions
Topic: ChatGPT and what it means for our future
Replies: 135
Views: 44823

Re: ChatGPT and what it means for our future

This is moving at incredible speed. Just this week ChatGPT opened up to plugins. There is already a list of familiar names that have plugins ready to go, but most every major tech company will have a ChatGPT plugin in short order. Plus any user can write their own plugin to enable ChatGPT to do pret...
by glennds
Thu Mar 23, 2023 11:12 am
Forum: Permanent Portfolio Discussion
Topic: I'M OUT!
Replies: 64
Views: 60400

Re: I'M OUT!

Your particular concerns make a good case for hard assets. Including gold coins or bars that you store in the secure location of your choice. In terms of investments a case could be made for commodities that have had a bad time in the past decade but may be poised to take advantage of many of the is...
by glennds
Tue Mar 21, 2023 6:02 pm
Forum: Other Discussions
Topic: Silicon Valley Bank Failure
Replies: 130
Views: 349046

Re: Silicon Valley Bank Failure

Where do you keep your money? Do you have a way of paying your bills outside the banking system? I don't have a lot of money, so that solves a multitude of problems! Well that's an elegant solution! But the bigger question is how does one go about living a normal life without the banking system? I'...
by glennds
Tue Mar 21, 2023 8:53 am
Forum: Other Discussions
Topic: Silicon Valley Bank Failure
Replies: 130
Views: 349046

Re: Silicon Valley Bank Failure

I agree that it's deceptive--and not only toward the unsophisticated. The reality of what a bank offers a depositor is so ridiculously one-sided that if people really understood what was going on, they'd never put their money there. Where do you keep your money? Do you have a way of paying your bil...
by glennds
Mon Mar 20, 2023 4:31 pm
Forum: Other Discussions
Topic: Silicon Valley Bank Failure
Replies: 130
Views: 349046

Re: Silicon Valley Bank Failure

Are you suggesting that institutionalized fraud in the banking system should be tolerated because bank runs are uncommon? If so, that's a rather strange argument since civilized societies generally consider fraud to be illegal, unethical, and not to be tolerated. How is it fraud? Did a bank ever te...
by glennds
Mon Mar 20, 2023 2:11 pm
Forum: Other Discussions
Topic: Silicon Valley Bank Failure
Replies: 130
Views: 349046

Re: Silicon Valley Bank Failure

All you say seems logical and consistent. But it would certainly be a radical dramatic change in the banking industry if your proposals were adopted. Definitely. But it's a necessary change, IMO. The whole reason why bank runs destroy banks is because of the institutionalized fraud. It makes the ba...
by glennds
Mon Mar 20, 2023 12:08 pm
Forum: Other Discussions
Topic: Silicon Valley Bank Failure
Replies: 130
Views: 349046

Re: Silicon Valley Bank Failure

Although the libertarian view (depending on your flavor of libertarian) might not be so sympathetic to the depositors. Those entrepreneurs and customers chose to do business with a private bank that chose to mismanage its risk. Personally I think the government stepping in was the right thing other...
by glennds
Sun Mar 19, 2023 11:48 pm
Forum: Other Discussions
Topic: Silicon Valley Bank Failure
Replies: 130
Views: 349046

Re: Silicon Valley Bank Failure

"why should there be a risk-free return?" Because the banks make money on that deposit by loaning it out. If there was no return, why would you let them hold it vs "putting it under your mattress"? Not to mention that banks "create" money when they write loans backed by the deposits. The vast major...
by glennds
Sun Mar 19, 2023 10:38 pm
Forum: Other Discussions
Topic: Silicon Valley Bank Failure
Replies: 130
Views: 349046

Re: Silicon Valley Bank Failure

"why should there be a risk-free return?" Because the banks make money on that deposit by loaning it out. If there was no return, why would you let them hold it vs "putting it under your mattress"? Not to mention that banks "create" money when they write loans backed by the deposits. The vast major...
by glennds
Sun Mar 19, 2023 12:36 pm
Forum: Other Discussions
Topic: Silicon Valley Bank Failure
Replies: 130
Views: 349046

Re: Silicon Valley Bank Failure

My favorite thing that happened this week - High net worth depositors pulled money out of First Republic Bank and moved it to the big banks for safety.
The big banks then got together and sent $30B of excess deposits to First Republic to shore it up.
by glennds
Sun Mar 19, 2023 11:59 am
Forum: Other Discussions
Topic: Silicon Valley Bank Failure
Replies: 130
Views: 349046

Re: Silicon Valley Bank Failure

You should get 0 or negative rate on instantly available cash. If you want a return you should have to tie up your money for a few months, that would mitigate bank runs. Most of the time, doing things in a panic is not normally advantageous to the investor. So the idea that money would be tied up f...
by glennds
Fri Mar 17, 2023 1:05 pm
Forum: Other Discussions
Topic: Fed Bank Term Funding Program
Replies: 2
Views: 521

Re: Fed Bank Term Funding Program

Where are reserves going, are banks not parking them at the Fed for risk free 4.65%? https://old.reddit.com/r/finance/comments/11snp0z/jpmorgan_says_feds_loans_will_provide_2_trillion/ It's 4.65 today. A year ago it was .15. Presumably some of these banks thought they could do better by going into ...
by glennds
Thu Mar 16, 2023 11:37 am
Forum: Other Discussions
Topic: Fed Bank Term Funding Program
Replies: 2
Views: 521

Fed Bank Term Funding Program

Some analyst commentary on the potential scale of the Fed's new Bank Term Funding Program New Fed Bank Backstop Has Scope to Inject as Much as $2 Trillion Facility unlikely to be used by largest banks: JPM strategists Wrightson ICAP sees window, new facility use rising by $100b ByMasaki Kondo and Al...
by glennds
Thu Mar 16, 2023 11:10 am
Forum: Politics
Topic: Jan 6 footage on Tucker
Replies: 35
Views: 38396

Re: Jan 6 footage on Tucker

jalanlong wrote:
Thu Mar 16, 2023 9:00 am


It's like trying to box someone who never really moves or throws a punch but just keeps tying you up until you get frustrated and throw in the towel.
Duran-Leonard II No Mas?
Classic
O0
by glennds
Wed Mar 15, 2023 1:21 pm
Forum: Other Discussions
Topic: Silicon Valley Bank Failure
Replies: 130
Views: 349046

Re: Silicon Valley Bank Failure

So if I'm a bank I can now make terrible investments at no risk? Maybe we should all open banks? This is a key question. It would be very interesting to know how many banks take advantage of this lending in the coming days/weeks. Will that be reported? Shouldn't it be a red flag in itself if a bank...
by glennds
Wed Mar 15, 2023 10:47 am
Forum: Permanent Portfolio Discussion
Topic: Dalio
Replies: 5
Views: 1008

Re: Dalio

I’ve been meaning to catch dalio on an AMA for yeaaarrss now. I’ve wanted to ask him point blank to what degree he attributes his thinking to Harry Browne. I’ll get ‘em one of these days. He's commented in the past 24 hours on the SVB situation, calling it the canary in the coal mine. He points to ...
by glennds
Wed Mar 15, 2023 10:33 am
Forum: Other Discussions
Topic: Silicon Valley Bank Failure
Replies: 130
Views: 349046

Re: Silicon Valley Bank Failure

So... Is it stupid to have money in any bank that isn't one of these? "Systemically important": Meaning what? That the reach of their malfeasance has become so extensive that the federal government has no realistic choice but to continue propping them up? There are a number of commentators, one of ...
by glennds
Tue Mar 14, 2023 1:33 pm
Forum: Other Discussions
Topic: Silicon Valley Bank Failure
Replies: 130
Views: 349046

Re: Silicon Valley Bank Failure

... It's interesting, and other than the interest expense to the borrowing bank, I'm not seeing a negative effect on anyone, even though something about it feels like sleight of hand to the layperson. ... The negative aspect is that the loans are secured with crap collateral. 30 year treasuries and...
by glennds
Tue Mar 14, 2023 12:58 pm
Forum: Other Discussions
Topic: Silicon Valley Bank Failure
Replies: 130
Views: 349046

Re: Silicon Valley Bank Failure

Where will these funds come from? The Fed will create them obviously. So basically, it was a lie that taxpayers would fund the bailout. That dang inflation.... I think you mean "wouldn't". But, strictly, taxpayers and people who use the dollar are not exactly the same set of people. So I suppose it...
by glennds
Tue Mar 14, 2023 12:48 pm
Forum: Other Discussions
Topic: Silicon Valley Bank Failure
Replies: 130
Views: 349046

Re: Silicon Valley Bank Failure

While the FDIC was stepping in to make all depositors whole at SVB, the Fed was setting up the lifeline for all depository institutions called the Bank Term Funding Program. Pretty cool, they will make term loans to institutions on assets AT PAR. So if a bank holds a bond or MBS portfolio that has ...
by glennds
Tue Mar 14, 2023 12:16 pm
Forum: Other Discussions
Topic: Silicon Valley Bank Failure
Replies: 130
Views: 349046

Re: Silicon Valley Bank Failure

While the FDIC was stepping in to make all depositors whole at SVB, the Fed was setting up the lifeline for all depository institutions called the Bank Term Funding Program. Pretty cool, they will make term loans to institutions on assets AT PAR. So if a bank holds a bond or MBS portfolio that has b...
by glennds
Tue Mar 14, 2023 11:00 am
Forum: Politics
Topic: Jan 6 footage on Tucker
Replies: 35
Views: 38396

Re: Jan 6 footage on Tucker

I wasn't asked for an opinion but I'll volunteer one. I was predisposed to thinking of Naomi Wolf as a conspiracy theorist and rabid feminist. Setting aside those biases, what she's written here is well done, well researched and her points are valid. The released footage deserves an explanation. She...