hicksy
Junior Member
I'm good for some but I'm not for everyone
Posts: 1,564
|
Post by hicksy on Mar 15, 2023 20:47:47 GMT
Marmite Cashews… the currency of the future (act now, thank me later)
|
|
aubergine
Junior Member
I must get over myself
Posts: 2,181
|
Post by aubergine on Mar 16, 2023 4:47:40 GMT
|
|
|
|
Post by Bill in the rain on Mar 16, 2023 5:44:01 GMT
It's spectacularly dumb if one bank failing can trigger a global banking crisis.
|
|
Lizard
Junior Member
I love ploughmans
Posts: 4,481
|
Post by Lizard on Mar 16, 2023 5:46:02 GMT
How do I make money from this?
|
|
mcmonkeyplc
Junior Member
General Martok Qapla!
Posts: 3,080
|
Post by mcmonkeyplc on Mar 16, 2023 6:56:00 GMT
It's spectacularly dumb if one bank failing can trigger a global banking crisis. My thoughts exactly yet here we are wuth contagion spreading. It's ridiculous. |
|
Deleted
Deleted Member
Posts: 0
|
Post by Deleted on Mar 16, 2023 8:15:49 GMT
I hope you've got your things together
|
|
sport✅
Junior Member
notice me senpai
I want to claim my tits
Posts: 2,314
Member is Online
|
Post by sport✅ on Mar 16, 2023 8:23:30 GMT
How do I make money from this? Easy, just buy bank stocks then watch them rise spectacularly this morning after Credit Suisse gets a bailout from it's national bank. |
|
askew
Full Member
Posts: 6,795
|
Post by askew on Mar 16, 2023 8:46:33 GMT
It's spectacularly dumb if one bank failing can trigger a global banking crisis. My thoughts exactly yet here we are wuth contagion spreading. It's ridiculous. It's like the Great 2020 Toilet Paper Panic. |
|
Youthist
Junior Member
Enter your message here...
Posts: 1,984
|
Post by Youthist on Mar 16, 2023 9:13:11 GMT
How do I make money from this? Easy, just buy bank stocks then watch them rise spectacularly this morning after Credit Suisse gets a bailout from it's national bank. CS share price up 40 per cent after this occurred |
|
|
|
Post by Vandelay on Mar 16, 2023 9:16:44 GMT
This is one of those get rich schemes that now requires a time machine, isn't it?
|
|
Gruf
Junior Member
Even more taciturn than my name suggests
Posts: 1,599
|
Post by Gruf on Mar 16, 2023 9:17:30 GMT
My thoughts exactly yet here we are wuth contagion spreading. It's ridiculous. It's like the Great 2020 Toilet Paper Panic. Oh, didn't realize it was THAT serious |
|
|
|
Post by tincanrocket on Mar 16, 2023 9:20:58 GMT
It's spectacularly dumb if one bank failing can trigger a global banking crisis. Welcome to the spectacularly dumb world of unregulated global capitalism |
|
Youthist
Junior Member
Enter your message here...
Posts: 1,984
|
Post by Youthist on Mar 16, 2023 9:23:29 GMT
This is one of those get rich schemes that now requires a time machine, isn't it? Or already be rich so buying a tanking stock for fun doesn’t matter if it doesn’t work, or have early insider info, or have spare cash laying around and enjoys gambling with it. Some of these sorts of folks will be enjoying their 40 per cent at the moment ! |
|
dogbot
Full Member
Posts: 8,738
|
Post by dogbot on Mar 16, 2023 9:29:22 GMT
Don't both Saudi Arabia and Qatar own substantial shares in CS?
If so, has a government just bailed out the financial interests of two the richest nations on earth?
Seems legit.
|
|
|
|
Post by Saul1138 on Mar 16, 2023 10:04:35 GMT
For you this was a global financial crisis, for me it was Tuesday. I had a hangover the size of Tuesday on Sunday morning. I always get confused by economics. When it is going great, I never feel any better off. When it goes to shit, I feel unreasonably fucked. Might as well have got a fucking habit, and see how that went. |
|
|
|
Post by Vandelay on Mar 16, 2023 10:18:10 GMT
Economics makes zero sense to me. They make it sound as if it is some completely untameable beast, with one lever pull bringing it crashing down all around us. When things go to shit, it apparently comes out of nowhere and no one can do anything about it except for make everyone suffer (or between 99%-99.9% of people).
It probably made more sense when we were just using coins as currency, where this limited resource had a value based on how limited it was. Notes made it a bit more confusing, assigning some arbitrary value to something that is practically unlimited. Now that it is just numbers flying about over the internet it really has become complete nonsense.
|
|
Deleted
Deleted Member
Posts: 0
|
Post by Deleted on Mar 16, 2023 11:23:33 GMT
|
|
|
|
Post by Leolian'sBro on Mar 16, 2023 11:29:28 GMT
Marx said capitalism wasn’t a cycle but a downwards spiral. Fifteen years since the last crash and here we go again for exactly the same reasons.
|
|
dogbot
Full Member
Posts: 8,738
|
Post by dogbot on Mar 16, 2023 11:30:03 GMT
Oh, I dunno. Sharpening stones are fairly cheap, I think? It was a running joke when I was out there that you didn't go to Deera Square ("Chop Chop Square") on a Friday after Duhur unless you fancied getting splattered in blood. Officially, we weren't allowed to be anywhere near that area, but apparently if they saw a westerner there you'd be taken to the front because an infidel witnessing the act would greatly enhance the shame of the condemned and their family. Nice place. |
|
Deleted
Deleted Member
Posts: 0
|
Post by Deleted on Mar 16, 2023 11:39:51 GMT
Oh, I dunno. Sharpening stones are fairly cheap, I think? It was a running joke when I was out there that you didn't go to Deera Square ("Chop Chop Square") on a Friday after Duhur unless you fancied getting splattered in blood. Officially, we weren't allowed to be anywhere near that area, but apparently if they saw a westerner there you'd be taken to the front because an infidel witnessing the act would greatly enhance the shame of the condemned and their family. Nice place. It they want to be treated seriously they'll have to do away with such dark-age barbarity. Boris Johnson could probably arrange some cheap JCBs - they can hang dozens at a time and it's basically free once you've bought the rope. |
|
Frog
Full Member
Posts: 7,270
|
Post by Frog on Mar 16, 2023 11:39:58 GMT
|
|
dogbot
Full Member
Posts: 8,738
|
Post by dogbot on Mar 16, 2023 11:42:48 GMT
Yeah. FWIW, I never went. I have no idea why anyone would, tbh. |
|
zagibu
Junior Member
Posts: 1,946
|
Post by zagibu on Mar 16, 2023 16:43:48 GMT
It probably made more sense when we were just using coins as currency, where this limited resource had a value based on how limited it was. Notes made it a bit more confusing, assigning some arbitrary value to something that is practically unlimited. Now that it is just numbers flying about over the internet it really has become complete nonsense. It never had a value based on how limited it was. It's just printed debt, and the only value it has is how much you trust the debtor to repay his debt. |
|
|
|
Post by khanivor on Mar 16, 2023 16:51:50 GMT
This is one of those get rich schemes that now requires a time machine, isn't it? No, just being part of the investor class who’s in on the whole fucking racket How we never had the scaffolds running 24/7 after 2008 is a mystery to me. Next time we hopefully won’t collectively drop the ball. Came mighty close to correcting course during Covid but they got us ‘back to work’ in time before the movement to fix this fucked up system took firm enough root Sooooo close. |
|
|
|
Post by grizzly on Mar 16, 2023 16:57:59 GMT
Don't both Saudi Arabia and Qatar own substantial shares in CS? If so, has a government just bailed out the financial interests of two the richest nations on earth? Seems legit. My admittedly limited understanding of the situation is that this government only guaranteed the deposits on the banks. The users are safe, the owners are not. |
|
sport✅
Junior Member
notice me senpai
I want to claim my tits
Posts: 2,314
Member is Online
|
Post by sport✅ on Mar 16, 2023 17:03:25 GMT
Don't both Saudi Arabia and Qatar own substantial shares in CS? If so, has a government just bailed out the financial interests of two the richest nations on earth? Seems legit. My admittedly limited understanding of the situation is that this government only guaranteed the deposits on the banks. The users are safe, the owners are not. "Sir, I've just been told that all our users are safe till £250K. But the investors are fucked." "Phew, that's a relief, we've just had 1000 new users sign up today and deposit £250K each. " |
|
zagibu
Junior Member
Posts: 1,946
|
Post by zagibu on Mar 16, 2023 17:04:46 GMT
Yeah, the Swiss National Bank won't let the Swiss branch of the CS fail, but the foreign branches are not going to get any money from them. Also, the deposit safety you probably mean is the obligatory 100k safety that all deposits in Switzerland must have (but only per user, not per account).
|
|
|
|
Post by Trowel 🏴 on Mar 17, 2023 21:15:22 GMT
|
|
|
|
Post by stuz359 on Mar 18, 2023 19:05:05 GMT
Economics makes zero sense to me. They make it sound as if it is some completely untameable beast, with one lever pull bringing it crashing down all around us. When things go to shit, it apparently comes out of nowhere and no one can do anything about it except for make everyone suffer (or between 99%-99.9% of people). It probably made more sense when we were just using coins as currency, where this limited resource had a value based on how limited it was. Notes made it a bit more confusing, assigning some arbitrary value to something that is practically unlimited. Now that it is just numbers flying about over the internet it really has become complete nonsense. This is a fairly good explainer: It's fairly long, but he's a really entertaining speaker and knows his shit. Fairly apolitical too. |
|
