PhillyChapter9
PhillyChapter9 t1_jed0rpx wrote
Reply to $FRC Trade idea by Famous_War5848
After the FDIC deal with first citizens for SIVB what is the incentive for anyone to buy FRC? Let it blow buy the performing assets, get a below market fdic loan rate, and let the fdic share in any losses. Why would anyone take on the risk themselves if they can potentially get that deal after a failure?
PhillyChapter9 t1_jeczdbf wrote
It wasn’t a bank run today it was all because of this published this morning. https://vidarresearch.substack.com/p/metropolitan-commercial-bank-is-a
PhillyChapter9 t1_jed3gfn wrote
Reply to comment by NRA-4-EVER in Lecture One | Currency Master Class 101: Fiat, Gold, Bitcoin, Stablecoin by DN-BBY
If your storing cash and lead for the shtf scenario, then you would be much better off swapping the cash for another metal - silver. In the scenario where bullets have value, cash would be worthless or inflated to near worthless while silver oz’s would have barter value just like your rounds. Between the collapse and shtf cash will have a use, but you will be better off in the long stockpiling more silver than cash.