 One, two, three. Are we live? There we are again. Let's see what happens. Let's see what happens again. So we just had a little bit of technical difficulty. My modem had to be reset. Hopefully we won't cut out again. Hey you all. Lark Bark, Jella, and how are you doing? So just to get everyone caught up. Hello, Gito. Hello, Sleepywebs. How are you doing? So for some reason my modem cutouts were about 15 minutes late on this live stream. We did like a two minute intro and it got killed. I had to reset the modem. I checked my other computer as well and I got disconnected as well. So I knew it was a modem problem. So reset the modem, unplug everything, reconnect everything. Hopefully we won't get cut out again. If we do get cut out, it's most likely I have to fend for you. You're trying to get offline maybe. Hello, Elder God. How are you doing? We're about to reveal some secrets of the banking system, the insanity going on. So maybe they don't like it. I doubt if we're that important to them. They will do what they will do, right? And what they have planned to do when all fails. Power off and power on. Indeed. 100%. So I had to sort of check the other computer and make sure it was the modem. So reset the modem. Hopefully we won't get cut off again. Fingers crossed. We'll see. We'll see. If we do, I will try to get back on again. But if I can't get back on again, it's some technical difficulties from the ISP I guess. The service provider. But just to tell you what this is about. We are right now on Tuesday, March 14, 2023. And we're about to do a math livestream, right? Math tutoring session livestream. And this message right here is a really important game. Free Assange, Free Assange, Free Assange. Julian Assange, a publisher and journalist that has been crucified for trying to be transparency and accountability of capital as power to humanity. Something that we desperately, desperately need in our societies. For more information, see Wikileaks.org, Defend.Wikileaks.org or our Julian Assange on Wikileaks Playlist on CensorTube, right? And I was saying, today is March 14, 2023. Beware the heights of March, right? I mentioned the previous two-minute intro. So we better watch out for the heights of March. It is the heights of March somewhere across the sea, across the sea. We're Julian Assanges. We're eight hours ahead. You guys are eight hours ahead in the UK. So we're getting close. We're getting close to the heights of March. And hopefully Julian Assange will be freed sooner rather than later. If collectively as human beings, we finally understand that there are games at play, but we'll see. Maybe this presentation here, what we're about to discuss today, will shed some light into the shenanigans of what's going on in the world, specifically in relation to investing in personal finance. Something that's basically non-existent from centralized indoctrination centers, education centers, if you want to call them, schooling, in my part of the world anyway, right? Eduardo, I was just watching James Colbert documentary on the Federal Reserve, was half asleep the whole time. Your subconscious is absorbing that. And James Colbert, fantastic. He's a Canadian as well, by the way, living in Japan. And he's put out a lot of amazing work. I followed his work a lot. And I still do sort of check-in with him every now and then. But I followed his work a lot 10 plus years ago, right? A long time ago. Late 2000s. Early 2010s. Late 2000s, really, is how long I've known about his work. He came online a couple of years after I did. And those were amazing times. 2000s, right? It's only seven hours at the moment. Oh yeah, it's only seven hours at the moment. That's right. I have an extra hour before the knives come out nice. Eduardo, I hope I got something about debt. And big, powerful people working in secrecy. Yeah, we'll talk a little bit about that. What's going on? Okay, so today we've got our math tutoring session number 84 plus going on right now. And initially what we're going to do, we're going to continue on with our discussion on trigonometry. What we did last week. Because we laid down the foundation for trig. Someone came on and they wanted to talk about trig. And we sort of give a nice little intro to trigonometry. And I mentioned that we would continue with that. But because of the bank runs that happened last week, Thursday and Friday and over the weekend in the United States, I thought it was a good opportunity to talk about investing in personal finance and sort of give a nice little intro to what it implies. J-POW, happy Pi Day, Gicho and all. Is it Pi Day again? We had Pi Day last year. Awesome, happy Pi Day. 3.1415 and I'm not even sure about the 15, right? Happy Pi Day. Happy almost eyes of March or eyes of March. And it's from Julius Caesar. Beware the eyes of March, right? From Shakespeare. But I think one of the reasons they say beware the eyes of March is because the weather is chaotic. We're coming out of winter, going into spring. So you can have snowstorms, windstorms, thunderstorms, rain. Thunderstorms not so much depending on where you are. But lots of rain. It can be cold, it can be hot, it can be sunny, it can be cloudy. Beware the eyes of March, the weather is going crazy. It's super cool. Nice time of year. It's almost like we're going in circles. Awesome, awesome, awesome. 2067, 2067. I just watched that movie 2067 by the way. It was nice sci-fi. Being trash talked a little bit but I enjoyed it. 2067. Just time travel, sci-fi, B-movie. Nick Luciarno, Luciarno. How are you doing? Welcome to our live stream Nick. You want raw milk? No, I've drank raw milk but I don't really drink milk. I eat yogurt, lots of yogurt, and cheese. I eat lots of yogurt. And cheese and butter. Sorry Elder God. I got cheese there, dates and apples. Okay. So the cheeses, I forget what they are. They're two different types of cheeses. This one's Havarti I think. Is it Havarti? Could be Havarti. This one's something else. Drier, wetter, softer. I was munching on this one. I was resetting the mode. I'm waiting for it to kick in. What about raw meats? Raw meat? No. I don't eat raw meat. You drink it? No, I've cut back on my alcohol consumption. In the summertime when we start doing cigar streams, we'll kick it up. I love my cheese. Yum yum. Cheese, butter, and yogurt. That's the dairy I eat. Raw meats, some people do. There's a delicacy in the Arab world. Arabs have it, the French have it. Steak tartare. Is there raw meat? I know some people, I've had friends that eat, or a friend that eats raw liver. I wouldn't do it. I saw her take a liver, like this beef liver, and just munch it down. We're doing barbecues. Wow, sushi. Yeah, sushi raw fish. But with raw fish, sushi, they freeze the fish I think for three days or something. To kill the parasites in it. And then you can eat it. If they don't do it prepped properly, you might get worms and stuff. Ronnie, how are you doing? Hope you're doing well. Gang, while we wait for notifications to go out, I guess hopefully they went out again because we had to restart. Let me give you guys my little intro for who I am and what we are uh, uh, panic. Yeah, there are a lot of parasites. A good chance you get food poisoning. If you don't eat it at the right place. Lucky in my part of the world, we have good sushi places. Nah, you don't want the parasites. Actually, we're full of parasites anyway. Gang, if you don't know what this work is about, I'm on Patreon. Patreon.com. We do also have a subscribe star page, sub-stack page, streaming on Twitch. For those of you that are supporting this work on these platforms and more, we do have a bunch of people supporting us on SensorTube with SensorTube membership and support coming from different places. Gang, thank you very much for the support. It is a large part because of your support that we're able to do what it is that we are doing and I appreciate it very much. We do have a gilded server. You're definitely welcome to join us there and share information, open platform, panic, do you play chess? I used to play a lot of chess when I was a kid, when I was much, much younger. But I stopped playing chess a lot and I've always played a lot of backgammon. Backgammon is a game that I sort of navigated towards. When is the last time you drink? I don't know. I don't know. I don't know. I've gone through periods where I don't drink for a couple of years and stuff. I don't think I want to stay that long away from it, but just a few weeks. Yummy, yummy, Ronnie. I've been buying a lot of crypto over the last few years. Honestly, I'm surprised by the recent rise and price given to bank failures. Well, it's a place, people are considering a safe place and there's a couple of reasons why crypto's bitcoins kicked off. First of all, there's bank runs. And this is something we're going to talk about. There's bank runs. So they're not feeling safe with the money in the bank. So they rather put it in Bitcoin or other cryptos, stable coins maybe, private coins. Better than having your assets bailed in, your funds bailed in or disappeared. Because the bank runs that we saw last week and last three, four days, that's not the end of it. The other reason is people are under assumption that interest rates are going to continue. They're not going to be rising. So if they're not going to be rising, then people are hoping that maybe they'll drop because there's panic in the markets. People are freaking out because and we're going to talk about this specifically. I'm just giving a little teaser on this. So they're expecting interest rates to either freeze or drop. Hence, more inflation. What type of inflation is just going to be which is insane right now, anywhere between seven, eight, nine, 10% of inflation per month? That's unbelievable, right? Or year over year, whatever it is, right? It's not their 2% target or is it going to hyperinflate, right? We'll talk about this. My take is they're not going to stop raising interest rates. I think interest rates are going to go up. To a certain degree. I think people are under assumption that centralized power is on their side. It is not. It is not. So keep that in mind. Keep that in mind. I was the best at backgammon. I'll beat anybody in backgammon. Hopefully we got to play one day. Hopefully. I play a lot of backgammon. I'm a phenomenal backgammon player. Phenomenal backgammon player. Right in the hoop. The couples finally possibly. Cheryl, how are you doing? Happy Pi Day, Cheryl. Happy Pi Day. Someone said it's a cyclic thing. Eduardo said it's like it happens in cycles. Or he keeps on coming around. What did Eduardo say? I can't remember. Oh yeah, it's Pi Day. Yesterday you said they may kick up interest rates again. So they do so. Or what would cause them to raise them again? Multiple reasons. We're in a war cycle. They need a strong dollar. They want to show that for the United States, currency is strong and stable. And it's a good reserve currency to have. Marcus don't like the higher interest rates. Which is what we're going to talk about. Gang, we do not see these live streams 30-45 minutes before we go live on Twitter, Mines, VK, Gabb, Parler and Gettr. You're definitely welcome to follow us on those platforms and for live streams where we don't have any visuals, we do upload the audio to soundcloud.gov or slash chichu as a podcast. And mods, thank you very much for being here. Thank you for the support. I hope you're enjoying the content. You're going to love this one. I hope so. Salute to the mods. Panic, I used to play backgammon during classes with online dice. Eight hours a day. I've had multi-hour backgammon sessions, 12-hour backgammon sessions and stuff like this. Heavy, heavy, heavy games. Let me take these guys down. I'm assuming notifications have gone out. We might have lost some people because the stream kicked off. I don't know if the announcement goes on again. It's supposed to, but I've noticed that it doesn't every now and then. Either way, hopefully people will run in. Hopefully we won't have to do too much review of what's going on. Hopefully the stream will not get killed. We won't lose our connection again. But let's do this. For this math tutoring session, let's talk about investing in personal finance. Because again, it's something that is completely lacking in our education systems, indoctrination centers, centralized indoctrination centers in my part of the world. People are going into this stuff blind and they're getting burned. Especially kids coming out of high school where they get convinced to take on huge loans, huge debt, not understanding interest rates, not understanding markets, not understanding money, the economy or anything like that and how everything is so connected. And then all said and done in about five years, three years, five years, ten years, they realize they're heavily indebted and they don't really have a way out, which is very problematic. Very problematic. We did. And let me give you this. Now, we're definitely going to be taking out this segment from this full live stream. And if you're watching this segment right now, there's a full live stream. I don't know what's going to come afterwards and stuff like this, but I'm just going to try to condense this in maybe an hour presentation or 45 minutes or however long it takes. Hopefully it won't take long or not. I might cut some corners to make sure it's digestible. But what you need to do is not do, but highly recommend it that we put out two videos that are related to what we're about to talk about. What we're about to talk about. Here is a video that we put out. It's called Understanding. I titled on the, as you can see, that's the thumbnail for it. Understanding current events. And let me give the link to the people in the live stream. And what I titled this video as, I named it Watch This Video to understand current events, geopolitics, the markets investing and more. And it's ASMR, nice and chill the way we're doing right now. And I put M1 in there because it's related to the M1 money supply. So here's the link and this goes to my Patreon page because this video is available on Bitube, Rumble and SensorTube. And I synced up Odyssey and SensorTube after we put out this video. So hopefully it's available on Odyssey as well. I do need to take a look at it to see if it's available on there. And we put this out in February 2021, two years ago. So this video we put out two years ago. And here's another video that is connected to this and we put this out around the same time. So someone mentioned GameSpot. This is another video we put out regarding the markets. What was happening with the GameStop stock share with naked short selling and stuff like this. And the thumbnails for this says Wall Street GameStop and Wall Street Bets. What it all means. And here's the link again to the Patreon page that we put out with links to Bitube, Rumble and Odyssey. That's where the video was uploaded and most likely will be on SensorTube and most likely will be on Odyssey as well. So I titled this video, Understanding Wall Street and the action on GameStop Wall Street Bets. What it all means. Live segment. And again, this is a part of a live segment the way we're doing right now. And this is the link for it. And you can find the link for this for the videos on these on these two links. Both videos. I would say for this video the top video is more important to watch. Because this is about money supply. This is about interest rates. And I forget who it was. I think it was Sleepy Waves two days ago when we were doing our other live stream. We were talking about investing in personal finance. Sleepy Waves asked to give a better explanation of what interest rates are. And I went off on a little two minute rant or something like this five minute rant. I can't remember. The quickest explanation of what interest rates are. Interest rates are you can think about it as the cost of money. How much it costs you to get money. That's the best way to think about it. So when interest rates are zero it costs you nothing to get free money. You just give you money. Here's money. Pay us back whenever. No interest. That's free money when interest rates are zero. When interest rates go negative they're giving away money and you better do something with it because the money is losing this value all the time. When interest rates go up it means it costs you money to get money. There's a certain cost associated for getting a certain amount of funds. Important to keep this in mind. The top video goes through this and talks about some of the implication of the money dump that occurred in the last two years and we're going to talk about this as well. So I'll have the links in the description of this video after the fact when it's been uploaded. Chico, would you ever tutor someone privately on how to play the markets? Obviously I would pay you for each glass. I feel like I've been watching your stream for years but I still haven't fully gotten a grip on anything. Now here's a kicker, sleepy waves. You're not able to become a good poker player. You can't just sit and watch and you can't not play for just no money. You have to be in the markets, begin trading to understand what's going on. I do tutor privately. I'm not really interested to tell you the truth right now because I'm not in the markets I'm not interested in trading right now. I go in and out of the markets but I mentioned that when I pulled out I forget how many months ago I said okay I'm not playing it but if I was playing it I'd be short long certain things but mainly short. So it's a cycle you need to learn and by the way everybody cannot be a trader. Everybody cannot be a trader. A lot of people don't have the capacity to become a trader. It's just something you can learn how to do and some people are not are not made for that. A lot of people are not made for that. You have to disconnect yourself from your emotions. Do you feel the US dollar should never have been unpegged to the gold standard? They had no choice. They printed so much in 1971, 1972, 1973, when did it occur? 1971 I think. Nixon did it. People came calling for gold bringing back money saying give us gold. The paper says we can redeem this for gold than the US get lost we don't have that much gold to give you so they unpegged it and then they pegged it to the Petra dollar made it a Petra dollar. It's too late to pegged against gold now. You can't do it. It's impossible. With a new system coming up possibly. But right now it's no man's land. Right now it's no man's land. So gang let's talk about what just took place last week on Thursday and what was the date on this. Thursday 9th all 2023 and here's the one the company we're going to talk about. Let me put this up. This is Silicon Valley. This is a chart of Silicon Valley for five year chart for Silicon Valley Bank Financial Group. It was considered to be I think the 17 largest bank in the United States at the time which was last week. It was rated as five years in a row as one of the most solid banks by Forbes I believe. It highly regarded by every financial advisor you can think of in every banking financial firm you can think of people praising this thing left and right considered to be it was basically like triple A subprime mortgages that they were selling in the early 2000s. Before people realized the Securities and Exchange Commissions and all these rating companies that rated these mortgages as triple A were just BSing they were lying. It's the same type of thing that happened to a certain degree. Not as much. Madoff was a different game but in regards to the United States of America it was pretty much the same problems you see with Silicon Valley Bank as you did with Madoff. For example, Madoff scam occurred and they brought on the securities exchange person that was supposed to be the watchdog watching over the Madoff type of funds and they put her on the stand and asked her, hey, what's going on? How come you didn't see this happening? And she said and she cried on the stand this is government watchdog that's supposed to be protecting regular Joe Blow, me and you from scams like Madoff and the savings and loans in 1980s and the subprime mortgage crisis and this is related what's going on right now with Silver Silicon Valley Bank is related to interest rates and bonds and fushing money down the toilet and people doing things which zero thought involved with them they put her on the stand asked her, how could Madoff get away with this for multiple years and said the math was too hard for me to understand which is why we're doing this the math was too hard according to the government regulator that was supposed to be watching over the Madoff scam cried on the stand saying the math was too hard for her to understand what was happening so they said it was a good investment good fund to put your money in same type of excuses came up for the subprime mortgage crisis same type of excuses that are being laid out right now for Silicon Valley Bank and the multiple other banks I think three other banks have also failed two or three other banks have also failed in the last few days and this could be the tip of the iceberg if the Fed is going to continue to raise interest rates which in my opinion to a certain degree they are because they need a strong dollar and the repercussions of this are the other banks now Silicon Valley Bank wasn't that small I mean if you want to see what the market cap of Silicon Valley Bank was if you go all the way down here you see up here you see something there's previous close year range and then market cap you see market cap was 6.2 8 billion dollars and I look at the math was too hard so market cap when it was trading at $106 and by the way this is a screen cap I grabbed for Thursday and the stock was down 60% on Friday pre-market the stock was down another 50% so it was trading around $50 and it never opened up so in pre-market if you could dump your shares you saved a little bit of your money otherwise the stock didn't trade anymore so the stock in this company done zero so right now on Thursday when I guess the poop hit the fan the stock was trading at $106 and its market cap was $6.2 billion if you go back a year right at the same area on the table down here in the top you see year range the high for the year was around $600 and if we say this was at $100 if the stock was trading the screen cap at $100 it was worth $6 billion multiply that by 6 so this thing a year ago was worth $36 billion the market capitalization on it and in the year it went down to what you see here the day before this it was down 60% it was trading like a week before this it was trading around $320 what you're seeing right now and a few hours before and a couple of days before the management of this bank were selling their shares dump dump dump and they sent out bonuses a few hours to the management before the stock before you see what happens here before the stock was halted before the government took over the bank they were sending out bonuses to management to appreciate that this didn't come out of the blue this was known what was going on people this was insiders knew what was going on and as I mentioned with this video let me put it up here this video that we put out in February 2021 at the beginning of 2021 right two years plus two years and three months two years and two months ago we talked about what was about to happen with the banking system with the institutions with the markets with inflation we talked about what this was going to do right so we knew and if you've been following the videos doing personal finance, investing, trading and all this stuff investments that the management at this bank was doing went contrary to what we were seeing but when the shit was about to hit the fan the management was selling all their stocks so they're pulling out their monies we'll talk about this so that's sort of the intro of what we're about to do I'm just going to read the chat for a couple of seconds Ronnie too many institutions have excellent credit but I'm sure they're far from being excellent indeed indeed I'm going to read these things really quick right LexTab, they were like 16th biggest bank or something quite big yeah, they were the 17th I believe largest bank and considered to be one of the five years in a row considered to be one of the most stable banks according to Forbes magazine that tells you how deep the scam goes okay Ronnie the shareholders shares indeed and they took up bonuses the CFO or something chief sold like 30% of the thing and here's the thing if you want to know how corrupt this whole thing is here's a link here's a link I'm going to link it up in the chat I'll link it up in the description of this video as well okay this is one of the one of the management that was working for Silicon Valley Bank right Joseph Gentile is the chief administrator officer of SVB right in his resume like little intro he was involved with Lehman Brothers which was involved in the the subprime mortgage crisis in the mid 2000s and basically one of the greatest scams in US history right I read the comments in this link to this post and this guy was actually involved with Arthur Anderson as well which was connected with Enron so this management top management was involved with Enron and the subprime mortgage crisis crisis scam right and he got his bonuses he got everything that he wanted to get so keep this in mind one of the reasons we have to hold people accountable which is why constantly every 15 minutes we have a little comment coming on saying free assange, free assange, free assange why because Julian Assange publisher and journalist has been crucified for trying to bring transparency and accountability of capital as power to humanity transparency and accountability we have one person here that was involved in the last 20 years right now considered to be three of the largest collapses in US history right Enron, subprime mortgage collapse and Silicon Valley bank the same dude was in top management right what are we doing with people like this who are reporting who are trying to bring us to this darkness we have them sitting in jail in the UK with the US government UK government, Swedish government and the Australian government collaborating to torture a person that is trying to shine a light on this darkness insanity, insanity keep this in mind keep this in mind extremely important right so let's with that intro given sorry about the long intro because you have to appreciate that this is a very I wouldn't say intricate but it's a long term game at play the end result by the way is going to be consolidation of more power centralization of more power elimination of smaller local banks with all the funds going to centralize and the rollout of central bank digital currencies where they are trying to eliminate cash and basically enslave humanity these same people that have done this scams, scams, scams with regulators that don't know the mathematics cry on the stand saying they didn't understand the mathematics so they gave it a triple A rating okay these same scammers and these same incompetent people want to centralize currency centralize the way me and you do commerce limit our capacity to do commerce okay limit our capacity to do business control every aspect of what we do tax the living crap out of it right take more and more so they can pay out themselves more and more okay keep this in mind the root of the problem which is why this stuff is not taught in centralized indoctrination centers because they want slaves to continue to fund the scam to fund this Ponzi scheme right what the buck and first time chat hey everyone thanks and welcome to our live stream welcome to our live stream gain I'm gonna let's get into it let's get into it that's the intro now if you took a look at this video we put out two years ago I'm gonna give you a really quick low down on this this video was basically I called it I'm gonna say it again I called it watch this video to understand current domestic geopolitics the markets investing and more okay so here's the kicker here is what the sort of what was laid in front of us before the Silicon Valley bank thing occurred so basically the Federal Reserve and the government the Federal Reserve prints the money the government spends the money right so the government was spending a lot why because in 2020 2020 we had something take place in the world where the world wanted to lock down the economy they centralized power ground the economy to a halt right and then in 2021 from 2020 to 2021 they started pumping money into the system started pumping money into the system this is a gigantic dollar sign we're not talking about a little bit of money 10% of what was there the amount of money if you watch that video if you watch that video you understand that 40% of the total money supply that they had put out into the market for the last 100 years was put out during this period right wow wow now all the way to 2022 more money printing more money printing more money printing more money printing interest rates at near zero interest rates near zero in Europe they were negative okay in Europe they were negative so this is the money they're printing up lots of money lots of money lots of money lots of money lots of money lots of money lots of money and we're going into 2023 and money printing sort of started trickling down in the mid 2020s right they started tapering tapering tapering tapering which means they started taking money out of the system out of the system even though in February 24th 2023 2022 we had a war begin right so there was another major event taking place right so energy prices going through the roof and stuff like that so what happened here while this stuff was going on interest rates stayed flat interest rates flat interest rates flat flat flat flat flat flat flat flat this is when at the beginning of 2021 where we put out the videos right this video this video and this video we put out talking about the free money stuff like this what that was going to do and you can see at the top in the top right where is it if you go all the way to the end you'll see you'll see a chart like this the money supply going like this and then it went like this right this was money being pumped into the system oh you're not seeing that so let me take these guys down oops sorry so basically it went like this went like this and this is the money supply M1 the fast money they call it right this is money and this is time right time money and in a year time they pumped in this much money into the system now when we made that video in 2021 we said this is going to bring on inflation this is a lot of money a lot of money into the market right they gave this money to Wall Street they gave this money to billionaires they gave this money to major corporations ok and they gave handouts crumbs they threw it to the masses you could sit at home and collect money right this continued by the way after we did that video in 2021 this continued this continued ok this continued in 2022 or so they started tapering they started taking a little bit of money out of the system alright throughout this whole period interest rates stayed flat zero basically zero zero or near zero right flat flat flat flat flat flat flat and at about mid-2021 interest rates started going up maybe a little bit earlier right interest rates started kicking up kicking up kicking up kicking up ok keep this in mind keep this in mind ok and this here is 2020 I should have lined it up here so let's line it up so you see we're going to line everything up who did the bailout with this money during the pandemic the government the bureaucrats right so let's lay this out here so we had well the money supply would be this how do we do this here's the dollar right M1 right and the money was flat money was flat forever forever forever forever a little bit up in in the mid-2000s right it would be sort of back here I guess it would be like this it would be like this and then here it just went through the roof just astronomical astronomical who did the government bailout the government most of this money went to Wall Street and went to billionaires ok small percentage I haven't looked into a percentage of how much but like exactly I don't have it handy right now I should have had that handy but it was like 6 trillion dollars or 10 trillion dollars like a lot of money right so 6 trillion dollars let's kick it down a notch so 6 trillion dollars right 6 trillion dollars huge chunk of that went to companies money laundering through Wall Street and billionaires ok now this is important this is important ok why is this important because this continued this continued this continued this continued this continued and and then started tapering off right started tapering off ok now remember interest rates 0000 and then they started going up ok they're right now sitting at 4% someone correct me if I'm wrong around 4% maybe let's say around 4% so right now interest rates 4% actually it's not 4% it's like 3.75 prime right prime is what banks how much banks can get money for me and you couldn't get 0% interest by the way this is if you did a special deal where you bought cars and stuff you could get 0% interest if you bought a car and stuff back then right but this is 0% interest for and in Europe negative for big money they can get it from the government right from the Federal Reserve right central bank here I wish I could line up for that to get some free money right but right now let's say what is it 3.75% 4% let's round it off 4% 4% 4% and before last week right before last week right before Silicon Valley Bank last Thursday people are still expecting or were still expecting interest rates to kick up because the Federal Reserve was kicking the stuff up hard all central banks were kicking it up hard 0.75 0.75 3 basis points 2 basis points and last time they raised 1 basis point right 20 0.25% right if you want to buy a home in Colombia the bank charges you 12% here even bigger it is what it is right it is what it is okay so this is what is at play with Silicon Valley Bank right because what just took place was this here's Silicon Valley Bank SVB right Silicon Valley Bank okay they were kicking up interest rates every month basically sleeper waves they were kicking up interest rates every month every 2 months every quarter every 3 months they were kicking up interest rates or every 2 months 50 basis points 75 basis points or 3 basis points 0.75% 0.5% 0.25 the last one right so this is Silver City Bank and here's a whole bunch of people that work I'm not Silver City Silicon Valley Bank Silicon Valley Bank here's a whole bunch of people that are working for Silicon Valley Bank some of them top hats big boys top hats top hats top hats right some of these people working here have big hair funny hair right some of them no hair like me right so there's a very diverse group of people working for Silicon Valley Bank okay let's bring out a green Silicon Valley Bank if we're gonna do this might as well do it in different colors should we use a little purple and pink let's use purple and pink because it's very diverse purple and pink so we know what we're talking about purple and pink there's purple dude or dudettes and we have pink dudettes we got pink hairs and purple hairs and whatever hairs you want no hairs pink hairs and purple hairs and no hairs lots of different people lots of top hat people now the top hat people are the same people that were managing managing banks and funds with Enron with the supply and mortgage crisis and what not same type of people one of them we just linked up these people went cool we're running Silicon Valley Bank in Silicon Valley California big tech big tech big tech let's do big tech in red so a lot of these companies big tech companies companies companies companies companies a lot of these companies were getting lots and lots of money lots of money coming in lots of money coming in lots of money coming in why was there lots of money coming in because it was being pumped in how was it being pumped in What was it being pumped in? Because another thing that was happening was this, in 2020 the stock market crushed, went from 32,000, 30,000 down to 18,000 down in the United States, and all markets across the board collapsed. When the stock market collapsed, stocks, stock market, let's put it here, stocks, 2020, went from 32,000 down to 18,000, down to 18,000, it's a little bit lower than 18,000, might have been 30,000, whatever, you get the gist, and we've done videos on this, like I didn't queue them up, you have to follow our personal finance and math videos to see some of the stuff that we've talked about. Plummeted, and I think we talked about it here in this video. We probably did with the M1 video as well, right? We probably talked about this, Joe Chichot looks like I'm an hour late, Canada was eight hours behind UK, now it's seven, the clock's again, it changed, it changed one hour, and he didn't miss too much because, well, he missed a little bit, because we're 15 minutes late, my modem kicked out, so I had to restart and they did a long intro to this thing. So apologies, we haven't gotten to, we're laying out everything right now, we haven't gotten to doing the mathematics to see what the problem was, we're laying it out right now. So the layout is this, 2020, lockdown, everything collapses, market goes down, money gets pumped in, money gets pumped in, how much money gets pumped in, goes from here to here, basically doubles the money supply, cumulative doubles the money supply, all-time money supply into the markets, right, now we're seeing a little bit tapering, interest rates goes from zero to 4%, quick summary, and while this money's being pumped in, to inflate the stock market again, woo woo woo, up you go, up you go to 36,000, right, up you go to 36,000, right, what was going on? Most of this money that was being pumped, you know, Joe Blow here was getting a little bit, me and you, well, I didn't, I didn't sign up for none of that crap because I don't want me to be dependent on the government for my livelihood or my life, and I highly recommend you do not either, okay, but most of this money that was being pumped in was going to Wall Street companies, insiders, billionaires, big top hat people, right, these top hat people were laughing it up, top hats, woo hoo, top hats, woo hoo, give us billions, give us billions, it got so ridiculous that some of these people had to give the money back because people were so pissed, right, people were so pissed, right, well, these guys got lots of money, what are they going to do with the money? They're going to put it in their shoebox? No, they got billions, hundreds of billions, they pumped in six trillion plus some, by some accounts they pumped in like an extra $10 trillion into the markets, right, you can't keep trillions of dollars in your home, you can't keep it in your shoebox, you can't go out and buy six trillion dollars worth of gold, right, top hats is close enough, top hats is close enough, right, you can't, you got to do something with this money, right, so what happened, a lot of these people started dumping money into banks, right, they put their money in banks, they hire, they hire, they hire a lot of people, a lot of diverse people, a lot of diversity going on here, they hire a lot of people, they hire a lot of people, they hire a lot of people, what other colors do we have, let's put an orange, let's put an orange person here, let's put an orange person here, they hire a lot of people, you see ballooning of the tech sector, Zari, how you doing, start to stream over, I just got here, you're not missing much, you're missing a little bit, you started seeing ballooning of tech sector, right, a lot of companies couldn't hire people, there's no people to hire, there's labor shortage, right, because they got trillions of dollars, right, they start hiring people, we need someone to be our image consultant, someone to do our Twitter feeds or multiple people to do our Twitter feeds, right, someone has to address our employees because they have to look the part, right, so there's a lot of excess in these companies, these companies used to function with 10 or 20 people working there, all of a sudden they're getting commercial real estate, they're hiring 200 people, they're doing all this jazz, right, which is one of the reasons when Alan Musk took over Twitter, he started laying off a ton of people, which is why Amazon laying off thousands of people, Microsoft is now laying off thousands of people, Apple is laying off thousands, but a lot of these tech, Tesla is laying off, a lot of these companies are now getting rid of the excess weight, right, because the money is drying up, why is the money drying up, because interest rates going up, so the cost of getting money is becoming more expensive, they got cheap money for two years, right, in the UK they were getting cheap money for 10 years, in the United States and Canada, two interest rates were really low for 10 years, right, very very low, very very low, right, just pumping the crap out of it, why were they doing this for 10, 12, 14 years, because of the subprime mortgage crisis that we talked about in the previous video, they, wow we talked a little bit about it, I wrote a lot about it back then in the mid-2000s, late-2000s, right, they started pumping the crap out of the markets, cheap money, cheap money, inflate, inflate the housing market, inflate the stock market, inflate everything, right, free money everybody, free money everybody, oh oh oh oh oh oh, no more free money, no more money, no more free money, so before we get to the no more free money, which is what's happened with the bank runs, right, you had all this money going in to the banks and the banks is sitting here, this Silicon Valley Bank, Silicon Valley Bank is sitting here going, we got lots of money, huh, this is not working, how come this is not working, this guy is dead, can't be dead, I was just using it, I guess it doesn't want to be used, let's use this one, oh that one's over there, this guy over here, this guy started, they started getting lots of money, all this money, all this money, all this money, all this money, all this money, I could do this all day, all this money, all this money, right, now these people, some of these people were putting the money into this bank and banks like it and other banks as an investment, right, and then Silicon Valley Bank and other banks take some of this money and they loan it out, some of this money goes out to other companies, new startups, new companies that want money to run a business, right, start a business, but a lot of this money was sitting on the sides because a lot of these companies were using banks like this to do their payrolls, right, so they needed the money to sit there as cash because they were paying their employees, all these people they hired, all these people they're hired, right, because we're getting free money, let's hire a lot of people, that way we can grow really fast and beat out the competitors, right, beat them out, beat them out, beat them out, beat them out, right, we need lots of people to work together because we got to do better than that guy and that guy and that guy and that guy and that guy and that guy, we got to hire the big thinkers and the pretty colorful people, right, so they needed the money in the accounts to pay all these people, not just these people but these people that they had over here, all these colorful people that they all had over here, right, should we do more colorful people, let's do a little bit more colorful people here, lots of these people, colorful, colorful people, lots of, lots of virtue signaling going on here, we have, I mean if you look at the US administration right now, they're not talking about the the qualifications of people, they're talking about people's colors, right, if you look at the UK right now or Scotland right now, the person that most likely is going to be Prime Minister Scotland came out and said we have too many white people in power, right, way too many white people control everything, we need to get colorful people, so exactly what has been happening or what's happening with the corporations is now happening with governments, right, keep that in mind, it has been happening for quite some time but now they're kicking it over drive because they're in the poop because this model is not working, I want to show you why this model is not working, right, so these companies needed their money in here as cash, free-flowing cash to be able to pay all these colorful people, right, to be able to pay all of these people that have been hired, okay, sorry it's delusional scum, yeah, it's delusional, crazy, right, so what happened with these colorful people working with Silicon Valley Bank and other banks like it because I think three banks, four banks were seized by the government over the weekend, right, or three banks at least, right, 20 banks, their stocks trading was halted yesterday, right, Monday morning, okay, you couldn't trade them because they were down 50% or something like this, right, so these colorful people here went man we got all this money, how much money, how much money, let me give you a link for Silicon Valley Bank because I pulled this out, yeah, where is it, where is it, I've read a fair bit, hopefully I can find it again, I swear I had it here, oh, I don't have it here, hold on, where is it, very confet, FCC discussing backstop, here's one person you can follow, I can't remember if this was in this, oh no no no this is the one, oh I'm gonna give you a mainstream article, that way people can't say oh this is this is not true, oh it is true, it is true, it is true, okay, but it had, yeah here let me give you this, money money money, free money, not for me and you though, here's one, here's an article from from MarketWatch, now take everything you read on MarketWatch with a gigantic grain of salt, okay, do not take and by the way this is not financial advice and I highly recommend not being financial advice, not to take financial advice from articles you read on MarketWatch, right, in general when I'm trading I'm usually doing the opposite of what they're recommending, right, so if they're pumping a certain stock I'd be interested in shorting it, if they're trashing a certain stock I'd be interested in buying it, right, so I'm gonna read a couple paragraphs here, first a quick look at Silicon Valley Bank, so I'm just gonna read what they wrote, right, that way we have a base talking, right, so quote, some media reports have referred to Silicon Valley Bank of Santa Clara, California as a small bank but it had 212 billion in total assets as of December 31st, making the 17th largest bank in the Russell 3000 index, RUA as of December 31st, this makes this class the largest US bank failure since that of Washington Mutual in 2008, one unique aspect of Silicon Valley Bank was this decades-long focus on the venture capital industry, right, venture capital industry, the banks alone growth had been slowing as interest rates rose, meanwhile when announcing its 21 billion in security sales on Thursday SVP, SVB said it had taken the action not only to lower its interest rate risk but because client cash burn, has client cash burn, client cash burn has remained elevated and increased further in February resulting in lower deposits than forecast, okay, Silicon Valley Bank estimated it would look, it would book a 1.8 billion loss on the security sale and it said it would raise 2.25 billion in capital through two offerings of new shares and convertible bond offerings, that offering wasn't completed. We're gonna talk about what all this means and we'll take a look at the implications of this by the way. Apologies if I read a little bit ahead of what we're about to do. So basically general gist was this, these guys got a ton of money, put all the money in the banks because they needed cash, they needed the cash flow to pay employees and by the way they took out a lot of loans, a lot of these companies aren't cash flow positive so they're riding on loans. They got their loans to start up their companies at 0% or very low interest rates or just with stock options, right? So the banks would take a chunk of the company and or what do you call it, venture capital money, seed money and take the stock to market and then make mint off the stock price going up as they're selling it all the way up, right? When the stocks get suppressed these guys lose a certain amount of cash flow because they can't offer more shares and they can't sell their stocks to top half people or the company itself, right? So they started as interest rates started kicking up, their cash flow became less and less. Now these colorful people in the top half people working at Silver Silicon Valley Bank, when they had all this awesome money just sitting in an account, billions of dollars by some accounts, some accounts, these people at, these people at, this thing's not loading, we lost one of the pages that I had set up, maybe because of technical difficulties we're facing, unfortunately, unfortunately. Okay, I'm gonna give you an estimate because I can't, I can't pull the number up. No, it's not loading, unfortunate, unfortunate. Let me do this one more time, maybe we get it, oh I know where I can get it, I may I know where I can get it, I can go to our Gilded Server, here I'll give you the Gilded Link because I posted it in there, here I'll put it up in our, oh here we go, I want to be here, because I link up some of the stuff, some of the stuff I come across, you can go to the Gilded, let me go here, and we want to go to the personal heavy topics, personal finance, I think it's in the personal finance stuff, and it was just a post someone made on a forum, okay, and I confirmed the stuff by, by reading other articles, and I didn't link up those articles because this was a good summary of it, right, and if you go to our Gilded Server, go to personal finance, here's a link but it's not popping up, let me see if it's gonna pop up, no, good thing I copied and pasted this stuff, right, so you need to go to our personal finance, let me see if I can link it up in our copy link, copy message link, there we go, here we go game, you can get this link right here, apologies if I'm not reading the chat, I just need to be able to get this idea across, so according to the person that messaged this link, right, there's one thing that he mentions here, so this is the important part that we're gonna look at right now, right, and we're gonna do the calculations for, the bank didn't have enough customers to give loans to, right, so they put 80 billion into 1.56% yield, 10-year bonds, after inflation kicked up, interest rates went up, went up, so 10-year bonds are now 3.5% yield, that's the key, that's what we're gonna look at, right, so and the sentence previous to this, the problem was it's insane growth in 2021, okay, in 2021, it had 80 billion in deposits which grew to 110 billion in 2021, okay, you get that gang, so they had 80 billion in deposits which grew to 110 billion in 2021, right, this is the money supply coming in, this is the money being handed out, 0% interest to all these people and top hat people, the money coming in here, here's the money that they're lending out to startups and companies and stuff like this and getting interest payments from that, right, so market washes itself, right, they weren't getting too much interest but at least there is a company that's given them interest, their money is making money, but they had all this money, okay, 80 billion dollars of it, okay, and more sitting there in bank accounts for these corporations that are using this money to pay all the colorful people that they hire them to pay their expenses, to pay for cost of commodities going up, inflation, inflation, right, because one of the most important things that took place here was inflation, in inflation, the target inflation is 2% for the Fed, right, is 2% for the government, right, let me take on this girl there, but inflation has kicked off, kicked off, in the United States it was hit like 9%, in Germany we're into double digit teens and Europe we're into teens and whatnot, right, some places were up to 18% in the Western world, some places were up to 12% in the Western world, in some other countries inflation was 50%, 100%, 75%, way higher than the target rate of 2%, which means interest rates needed to kick up, interest rates needed to kick up, right, and they still need to kick up, and they still need to kick up, okay, otherwise we're going to hyperinflation and hyperinflation is 50% per week, right, we were talking Zimbabwe, okay, that's printing 6 trillion dollar notes, right, crazy insanity, so all these people with all the money in here, these guys, colorful people working for Silicon Valley Bank and other banks said hey we got 80 billion dollars here, what are we going to do with this, what are we going to do with this money, 80 billion dollars let's use something darker, 80 billion dollars, so according to this post and other posts that I've read, articles that I read, they took this money and bought 10-year bonds at 1.5%, locked in for 10 years, they bought bonds, they bought bonds, and you got to understand the stupidity, the stupidity of what they did, me and you were making videos here two years ago saying they pumped up money like this, interest rates are going to go up and we're going to see an inflationary scenario, these colorful people that are being paid up, they yin-yang, managing money from these colorful people and these colorful corporations that are getting free billions upon billions to the tune of 6 trillion plus, right, managing their money, they decided in 2021, 2022 before interest rates started kicking up to buy 10-year bonds, lock in billions upon billions of dollars, billions upon billions of dollars of these companies' funds into 10-year bonds that are paying 1.5%, locked, locked, you don't got access to this unless you sell it, right, 10 years and you got to find the sucker to buy it, right, now these guys, sales are down, right, economies locked down, they can't, they can't sell their product, they can't sell their product, there's inflation, the cost of commodities gone through the roof because, you know, Putin bad, so these companies are in a tight spot, these companies are in a tight spot, outcomes the axe, let's get rid of some of these colorful people, let's throw a couple of top hats under the bus, right, there go a couple companies because they can't stay afloat, right, these loans are done, these guys were paid out, right, but these guys are running short of money so they need to lay them off, now these guys still have to pay people, now these cutoffs are happening here now, right, last couple of two, three months, for a year and a half, two years, these guys is heavyweight, weighing down on the corporations, needed to be paid, right, so they needed to access their funds in Silicon Valley Bank, right, and some of the, because the stocks were going down and some of these companies were crypto companies and the crypto markets went down, like the burn rate for some of the crypto companies was insane, Coinbase was burning through, I looked at the financials last year, Coinbase was burning through $500 million per quarter, $500 million per quarter, why were they burning through that, well because they were getting free money, a colorful people hired at a very high rate, right, office building space, lots of square footage, basketball court inside the building, nice pool, hot tubs, rock and roll, free money, right, they're burning through $500 million per quarter, right, so what happens, stock plummets and these guys need to access their funds here to be able to pay these colorful people, oh crap, this money's locked up in 10-year bonds that are paying 1.5%, what happened, let's take a look at the mathematics of it, now that it's been laid out, okay, I'm gonna take all this down and we're gonna take a look at, we're gonna do two calculations, okay, we're gonna look at how much in 10 years these colorful people thought they were gonna make from their bonds that they put all these billions, 80 billion dollars worth of 10-year bonds of 1.5%, whatever it was, right, insanity, I wouldn't give, I wouldn't, if I had a company, I wouldn't hire these guys to clean the toilet, right, compared to how much those bonds are worth now, when interest rates, 10-year bonds are selling for 3.5%, okay, see what you show, they should have been watching so much YouTube content would have saved themselves all this chaos, I know, these people are in a bubble echo chamber, right, remember, they're censoring information, right, they're censoring any discussion of anything, they were censoring discussion on social platforms that these people were, colorful people were participating in, right, anybody that was coming on and saying, hey, maybe locking down society is not an effing good idea, because that's gonna completely collapse, hey, maybe pumping in 6, 10 trillion dollars in the market is not a good idea, because that's gonna create inflation, hey, maybe putting sanctions on a country that is one of the largest commodity producers in the world is not a good idea, because that's gonna create inflation, maybe it'll kill the supply chain, but these people censored anyone that questioned their actions, right, questioned their actions, so what's going on, let's say, let's say, let's do this in this color, it's coming out nice, let's say Silicon Valley Bank, Silicon Valley Bank bought 10-year bonds to the tune of at 1.5%, oh, let's put 10-year there, let's go, let's go 80 billion, 80 billion dollars worth of bonds at 1.5% for a duration of 10 years, 10 years, and let's say they did this in 2021, they did it in 2021, so 2021, 2021, they put in 80 billion dollars, they mature in 2031, now to calculate how much they're going to be getting, we need this formula, we need this formula, a is equal to p1 plus r over n and t, it's the compound interest formula, now we're not gonna, the n represent compounding period per year, we're compounding once, so we're gonna do it simple, once a year, right, why did they do that, because they have free money, they thought that this money was gonna continue to come in, they didn't realize that interest rates were gonna go up, that's the kicker, these colorful people, people managing these banks, managing people's money, didn't think interest rates are gonna go up, because I really can't phantom how they could have thought interest rates were not gonna go up, right, and they thought this supply of money, the 6 trillion that we drew, 10 trillion dollars that was pumped into the market, and people getting money to stay at home and watch Netflix, too stupid to be able to download if you're doing that, I mean, you don't even have to, anyway, right, they got free money, might as well subscribe to all these streaming services, free money, whoo, here you go, give some more to Wall Street, because they already got their bailouts, right, they thought this money supply was gonna continue, that everybody's gonna flush with money, that was their first mistake, and they also didn't think interest rate were gonna go up, that was their second mistake, right, so N is compounding period, we're gonna do one, T is time in years, R is the rate of interest, right, this is the great reset, void, centralization of banking, you're gonna see a lot of banks go under, the big banks most likely gonna gobble stuff up, and they're gonna try to introduce central bank digital currencies, we'll see if they're able to succeed, and by the way it's the same colorful people managing this whole thing that they're doing, right, P is the principle for us is 80 billion, A is what you get out, right, so our calculation here is this, A what you get out is not, is gonna be 80 billion 1 plus, and they're getting 1.5%, right, so it's gonna be 0.015 to the tune of 10 years, punch this in gang, let's see what we get, punch this in, let's see what we get, let me move my pencil here, I'll punch it in here too so we can confirm what we're getting, right, so this is gonna be 1.015, 1.015 to the power of, where's my power, hey, oh I haven't changed the calculator, this is scientific, I want scientific, 1.0, 1 is in the new computer, right, to the power of 10, right, so it ends up, this gives you 80 and it's 1.16, right, got it, so this means that really you're getting 16% after 10 years cumulative, total 16% interest, you've gone on this, so you're 80 billion times 80, times 80, they get 92 billion dollars, at the end of this they get 92 billion dollars, so it becomes 92 billion, okay, they get 92 billion, cool, I saw an ad the other day, I could be watching Netflix for free money, oh my god, they need to kick off their subscription rates, right, so they get 92 billion dollars, right, 10 F in years, meanwhile keep in mind inflation right now is 9%, 10%, 7%, some place is 20%, right, now in 2020, so a year later, so let's put 2022, 2022, right, let's put the same amount of money in 10-year bonds, let's say 9-year bonds because we want to end it at the same time, end it at the same time, okay, I don't really get it, is it 92 billion in addition to the, no, no, no, no, no, no, no, no, no, no, they just made 12 billion, it total is 92, so they make 12 billion dollars, right, after 10 years, that's what it is, right, now let's say, let's say you want to buy some bonds, let's say you want to buy some bonds, let's say you want to buy 80 billion dollars worth of bonds, right, 80 billion dollars worth of bonds, you're gonna put them in for nine years, right, so your maturity date is going to be 2031 as well, right, nine years, but you're gonna put it in at 3.5% which is, from what I understand, how much it is right now, can't use the money anymore because it is, it's bonds, they can't use it unless they find the sucker to buy this bond, right, unless they find someone to buy it, we'll talk about this, you'll see what happened, right, so 3.5%, I know it's this much, it's actually more, a little bit more in Canada, right, because I know someone is doing short-term bonds, now buying bonds is okay in a, in a sort of an unstable period if the market's going down, you don't know what's going on, buy a three month bond, one month bond, one year max bonds, right, ten years, right, so let's do the same calculation, A is equal to 81 plus 0.035 to the power of 9, so if you, you wanted to spend, you wanted to take 80 billion dollars and buy bonds in nine years at 3.5%, this is what you would get if you invest it in 2022, right, so what do we got, 1.035, and there are nuances to this, there are nuances to this by the way gang, okay, we're taking very simple road to the power of 1,109 billion, thank you, but let me do this, to the power of just confirm, I always try to confirm, but it's good to get the confirmation, so we get, and I want this number out of it, 8, you get 1.362, right, and that's basically saying that you're getting 36% interest in that nine-year period, okay, total, right, keep that in mind, this was 0.1, so it was 16% versus 36%, right, so times 80, you get 1.9, oh sorry, 109 billion, right, 109 billion, okay, oh you guessed, nice, oh my god, so if you're a person, if you have 80 billion, you're a top hat person, you're a top hat person, whoo, not a cowboy person, a top hat person, you could be a cowboy person, you're a top hat person, I got 80 billion dollars, right, I can put it in a bond right now, paying me 3.5%, we're in 2023 right now by the way, bond might be a little bit higher, who knows, I can put it in a bond at 3.5% for nine years and get back 109 billion, or I can decide to buy this bond that's already a year in, right, year in, because if these guys are getting 1.5%, let's do 1.5% for this, if you do a calculation a year in, this calculation is going to be 0.015, 1.015 times 80, this one, this bond, this bond is 81.2 billion, right, in 2022, right, in 2022, this bond is now 80, it's worth 81, if you include the interest it's gotten, it's worth 81.2 billion, right, they got a long way to go, they got nine more years of this, right, I'm a top hat person and if I want to buy this bond and what these, these colorful people bought it at, these colorful people bought this, oh we can't use that one color, we're going to use an orange guy, these colorful people paid $80 billion in 2021, right, 2021 and their bond is now worth, well according to what they paid, they got this much interest on it, 81.2 billion, they're going to go buy another pool, right, I'm a top hat person, I can, you know, these guys are trying to sell me their bond, right, they're trying to sell me their bond, why, because companies are having a little bit of a liquidity crisis, right, they need to access their payroll, they need to pay for rent, they need to pay for their commodities that have gone up in price, right, to make whatever it is that they're making to sell to the public to be able to get some money so they can do it again, right, so for example, Facebook, someone posted this in our Geonset server, Facebook virtual reality thing is not really hot potato, don't worry, it is hot potato, but it's not really a hot thing that people, people want to buy, you got to be some kind of special to put that thing on to look at Zuckerberg 3D, yikes, right, so Facebook took their product that was, I didn't even notice, I thought it was like cheaper than this, supposed to be selling for 1500 and slashing it, taking off $500 off the price, they're selling it for two thirds the price, I don't know why you would pay a thousand dollars with that thing, as far as I was concerned, that's like a calculator in 1980s, that virtual reality set should be like $20, right, meanwhile, these guys that are making a virtual reality set, there's commodities involved with this, there's inflation involved with that, it's costing them more to make now than it did two years ago, right, so this top hot person, these colorful people are trying to sell, get this guy's $80 billion and say, hey, come here, we've got bonds for you, 10-year bonds, we have to sell these bonds because, because, because the companies that have trusted us with their money to keep in the bank account and we just didn't want to leave in the bank account and not make it work, we got to make the money work, right, so we can make more money, right, we sort of locked up their money, their payrolls in these 10-year bonds, now they need access to that money, some of these companies want their whole, all of their money out, right, I think Coinbase pulled out $50 billion from Silicon Valley Bank for want to understand, right, they closed their account, they wanted it all out, Silicon Valley Bank is in trouble, they need to sell these bonds now to get all that money to pay back to the people that put the money in, right, well this top hot person goes well screw you, why would I give you 81.2 billion dollars to get back 92 billion dollars, well right now I can take 80 billion dollars and get back 109 billion dollars, 109 billion dollars, why would I, how much is that, that's a difference of 17 billion dollars, 17 billion dollars, why would you buy this bond, you wouldn't is the answer, you wouldn't is the answer, but these guys needed to sell it, these guys needed to sell it, right, what did they do, what did they do, they sold it, but they sold them at a discount, they didn't sell it for 81.2 billion dollars, they sold it for 20% less, discount, discount, right, so take 80, let's say 80 billion, multiply it by 0.8, which is 20% less, they sold it for 64 billion, around there, there's nuances involved with the spider awake gang, I'm just taking, you know, doing it simple, right, so they sold it for 64 billion dollars, probably even less, 64 billion, right, they just took, if they invested 80 billion dollars, 16 billion dollar hit, 16 billion dollar hit, god damn, right, wait a second, they couldn't have taken 16 billion, yeah, I think they did because they were managing a shit ton of money, right, they were managing a lot of money, right, because why was this a problem, well this was a problem because of the chart here, SVB, what's SVB's market cap, oh snap, wait, wait, wait, go back here, look at the market cap, 6.2 billion on Thursday, okay, a year ago, multiply it by 6, it was 36 billion, they could have taken a 16 billion hit, they could have taken a 16 billion hit, right, 80 billion to 64 billion, minus, minus 16 billion, right, let's do this in, let's do this in, what are we going to do it in, so it stands out, let's do this in dark green, minus 16 billion, right, a year ago when their company was worth 36 billion, they could have probably taken a 16 billion dollar hit, but when their company is worth 6 billion, they can't take a 16 billion dollar hit, they can't even take a 5 billion dollar hit or a 3 billion dollar hit, that's why on Friday morning pre-market their stock was selling for $50, 50% less, 50% less, right, now this is the mathematics of it, okay, this is the mathematics of it, the shenanigans before the mathematics is the stage, right, now again this is not financial advice, these numbers are not set in stone, this is me reading a whole bunch of different articles and deciding last night really to go, you know what, instead of trigonometry, it'd be really cool to do personal finance and explain some of this shit, right, explain some of the shenanigans that's going on and maybe prepare people for what might be coming, okay, so take these numbers with a grain of salt, okay, the bank market cap was 36 billion, that we know for sure, a little bit more, 36 billion plus a year ago, okay, their deposits would have been into the huge, right, this number, not 100% sure, if they put, they bought 80 billion dollars with the bonds or it was 40 billion dollars with the bonds or whatever, I couldn't find one of the articles that I've read in the last few days, okay, I only have so much time to prep for this, so look into it, how much, how much bonds, someone said they lost this, that link I gave you, the person said they lost, they sold, they didn't sell all the bonds they had, by the way, you don't have to sell all of it, by the way, so these people that they bought 80 billion dollars worth of 10-year bonds, they didn't have to sell all of it to provide liquidity for the bank, right, keep that in mind, I'm sort of going all in, right, they might have only sold, you know, try to sell like 10 billion of it, right, so 10 billion, if they try to sell 10 billion of it to provide liquidity to the bank so they could pay whatever companies that were pulling their money out and make sure the payroll of companies were being satisfied, they might have just had to sell 10 billion, right, well, if they took, thank you very much for the follow, XO Francis, okay, they might have only sold 10 billion, but a 20% hit is a 20% hit, that means they would have sold it for 8 billion, right, that means they lost 2 billion, minus 2 billion, well, when a company is only worth 6 billion, you lose 2 billion, right, if you lose 2 billion dollars, you just lost a third of your market cap, right, that's why the stock was dropping like a fly, like, what do you call it, rock, dropping like an anchor, dropping like a fly that was squatted, boom, boom, and then what you had, why all this stuff was going on, why all this stuff was going on, what did we have, what did we have, bank, people lining up to take their money out of the bank, I was on forums talking with people going, there's a bank run, they're like, it's not a bank run, the company's worth great, its financials are fantastic, they're part of Forbes top banks in the world, or in the United States, they're 17th largest bank, they have serious companies invested in them, I'm like, dude, there's people lined up to pull their money out and the doors are closed, it's an FN bank run, it's not a bank run, don't exaggerate, what is your agenda, I'm like talking with people on forum, it's like, dude, the stock's halted, there's people lined up trying to take their money out of the bank, the bank doors are closed, you can't get anybody on the phone and the ATMs aren't working, that's a bank run, and there was a bank run, so what happens with the bank run? Well, the bank needs to provide liquidity to its customers, that means it doesn't have to sell only sell 10 billion dollars or whatever billion dollars of bonds that they had locked in for 10 years of 1.5%, the colorful people put people's money in, they probably had to sell all of it to provide liquidity to their clients, it was a full-on bank run, and that's one of the reasons I think two or three other banks got seized as well, and 20 or 30 banks, their stocks were halted for trading yesterday, and a lot of bigger banks are gobbling up some of these businesses, some of the companies are going to go bankrupt, some of the colorful people won't be able to pay rent, supposedly they can take their money out now, but this is just what's that story of the, I think it's a Dutch story or something, the kids finds a hole in a dam and puts a finger in it, and then finds another hole, puts another finger in it, how many fingers and toes and how far can you go, right, so this is what's going on right now, okay, this is what's going on right now, be careful gang, be careful, okay, prepare for what is coming and make sure you work towards not allowing these colorful people and centralized power to introduce centralized bank digital currency, central bank digital currency, C, B, DCs, okay, make sure that this doesn't happen, centrally bank digital, acronyms, acronyms, digital currencies, you do not want that, okay, our society does not need that, it means this, orders of magnitude more, not only that, it means complete destruction of the economy, complete destruction of communities, complete destruction of our societies, it may not happen immediately, but that is the end game, the enslavement of humanity, do not allow them to do this, do not allow them to do this, sleepy waves, Joseph Gentel not looking very careful, no, froggy manhole, the government hiking rate so much was hard to plan for if you're a bank CEO, no, they should have been planning it, we knew it was going to happen, I knew it was going to happen, and I was telling my, the people that come here, our community to prepare for it, okay, two years ago, we put out this video, this video right here, two years ago, we put it out in 2021, February, January, February, we knew it was going to happen, you're telling me these top path people and the colorful people working for banks got beautiful pieces of paper from Ivy League universities that they paid $200,000 for this piece of paper, you're telling me they didn't know, they didn't know, that means we've got morons running the economy and the government, and the ones that they know, they're corrupt people running the government, and our institutions, it's a, there is no, there is no one there legit to fix this, because there's no fixing this, we have to create alternative forms of commerce, and we have to make sure we do not allow them to take power away from us, okay, and enslave us, because those are the same clowns they're about to do, this that did this, okay, it's the same clowns that the savings and loan in 1980s, it's the same clowns that the dot-com bubble, it's the same clowns that that matter, it's the same clowns that the uh, subprime mortgage crisis, it's the same clowns, same clowns, but play plan a sandbox, let me take this guy down, I hope that's clear again, that's the way I see it, and we've been pretty much bang on the way we see it, right, we laid this out pretty nicely, Joe Ciccio, are banks allowed to decline people from taking money out? Yeah, yeah Joe, they say you can't take it out, in Canada, this is years ago, years ago, how many years ago, 20 years ago or so, I went out to the, I went to the bank and I wanted to deposit $5,000 or something, this is after 9-11, deposit $5,000 or so, and cash, I had cash, I was high rolling gambler, right, I'd be playing back gambling for $100 a game, shooting pool for $100 a game, poker we play and walk away with the few thousand dollars, okay, so and gambling money in Canada is tax-free, you can, you don't have to declare in like the United States, in the United States if you win money from gambling, you have to declare in a paid 30%, 33% tax, in Canada when you win money at gambling, tax-free, right, so I went to the bank and I wanted to deposit $5,000 cash, I had access, cash, right, and the guy goes, oh okay, he fill out this form, what the hell is this form, he goes, oh new rules came in, new rules came in, this is after 9-11, so it was like 2020, 2002, 2003 something like this, I go, what do you mean new rules came in, he goes, oh yeah, yeah, yeah, now, he's either 5,000 or 10,000, I can't remember, I think it was 5,000, and the new rules are, if you're going to deposit $5,000 or more, you have to tell us where you got the money, I go, what, he goes, that's what you need to do, I go, oh really, I'll go, okay, deposit $4,999, he goes, you can't do that, I go, fuck yeah, I can't, what do you mean I can't do that, the bureaucracy says 5,000, I'm not depositing $5,000, I'm depositing $4,999, you know what, here's a 20, I'll take it back, deposit $4,980, they go, you can't do that, I go, go get your manager, he goes, what, I go, go get your manager, obviously you don't know what you're doing, go get your manager, you're not following the rules, he got pissed off, he was a colorful people by the way, colorful people, got the manager, he talked with the manager, he was here, he, yeah, I was a he, he talked with the manager a little bit before they came over, manager, what's the problem, sir, I go, no problem, I want to deposit $4,980, they go, well, you were going to deposit 5,000, well, I changed my mind, she goes, okay, sir, we'll do this for you without filling out the form, but just so you know, you can't do this, bring $5,000, I go, I'm not depositing $5,000, I'm depositing $4,980, she was, she couldn't do anything, because she's a bureaucrat, he was a bureaucrat, it's bureaucracy, the bureaucracy says 5,000, they can't get me to fill out any forms, right, that's how insane the system is, okay, but yeah, they can prevent you from taking money out, you can go to a bank right now and say, listen, I want to take out $5,000, they'll say, well, we don't have that much money available right now, you have to give us a warning, right, because I've tried doing that, right, and I've done that, you have to give us a warning, we need to prepare the money for you to take out, so we'll have it available for you tomorrow, or at the end of the week, right, if you want to take out a certain amount of money, cash, if it's a large or some, they might tell you that you can't take it out unless you give them a warning, okay, Joe Chicho is called Hans Brinker, or the Silver Skates, which one, which one is called that? Hans Brinker, Joe, first time chat, I need help with derivative problems, we're doing a personal, oh my God, we're already in an hour, derivative, polynomial derivatives is easy, and the next stream we can do, cheater, bloggo, oh, I can only do polynomial derivative, I can give you, if you do chicho, if you go through, I've done an intro on calculus, right, couple of intros, videos, intro on calculus, if you go chicho, calculus, you'll find videos on, you should be able to find them on all these four video platforms, you should be able to find, so if you do chicho, my name, and calculus, you'll see videos, okay, sleepy ways, do you think other major banks are in similar trouble? Yes, sleepy ways, yes, Allah God, my money is in building society, I don't trust banks, no, all wars are bankers wars gang, do not forget that, Eduardo, today would be okay, what are you vexed, injected, see what chicho, what's the takeaway from the scandal, should we retrieve our money from the bank, don't keep all your eggs in one basket, I can tell you that sleepy ways, there's a reason why bitcoins are shot up from 20,000 to 26,000 in two days, right, because people don't trust the banks, and why would you, why would you, I don't think all banks are going to go under, the major banks are going to stick around, but there are, and some credit unions are probably your safest bet to keep money in right now, okay, because they have certain regulations that they cannot go into very risky assets and stuff like this, they follow because they're cooperatives, okay, so, but they might also be in trouble, so it's all a matter of where you are, okay, first time checked, little Aussie, when it comes to the bank run, isn't the FDIC responsible for making sure that citizens always get their money back, well here's the thing with the FDIC, right, I should have probably covered this too, but oh well, we're limited, the FDIC collects money from banks, right, to have a sort of a pool to shore up banks if they run into problems, right, that's why they guarantee $250,000 in the United, oops, $250,000, so if you have $250,000 or less, you're supposed to be guaranteed, in Canada I think you're guaranteed $100,000 or $150,000 and only 75% of that, I think the United States is $250,000 or less, you're guaranteed, above $250,000 you're not guaranteed, right, you might lose it all, lose whatever you had above $250,000, and there's a lot of companies that have bank accounts there, right, they have billions of dollars, and the FDIC, I believe, their pool was 50 billion, they had 50 billion, I can't remember right now, they had a certain amount of billions of dollars, okay, that they use to cover people's $250,000 or less bank accounts, because that's your below, that's the economy really, me and you, not Wall Street, not banks, not these colorful people, right, it's me and you, now what the FDIC did, the Biden administration did, they didn't just, they came out and said, oh no, we're not just guaranteeing people that have $250,000 or less, we're going to guarantee everybody's, even the billionaires, even the multi-millionaires, we're going to guarantee all their money, so they just blew their fucking load, right, do you know what that means, they just emptied their fucking reserves, zero, they got nothing left, so when other banks, other banks have runs, and if they have to seize them, there's no money to cover the $250,000 or less, okay, oh, a froggy, I'm not finished, they'll print more, they'll print print more, which might cost hyperinflation, which is one of the reasons that bitcoins gone up 20% in two days, right, why there was runs on other banks, right, because people don't trust it, and there's a reason why they're going to try to introduce central bank digital currencies, because they'll come out when there's more bank runs, if there's more bank runs, they're going to say, oh, we got no more money in the FDIC pool, right, that we've built up, that's their nest egg, right, emergency fund, that's the best way to look at it, emergency fund, right, then what they're going to do is going to say, okay, you know what, what we're going to do is just introduce central bank digital currencies, so everybody's money is protected, inflation goes to 50%, oops, wrong symbol, inflation shoots up to 50%, maybe, you think the FDIC wrote a check already, Bitcoin is evil, that sucks, you know, Bitcoin has its problems for sure, right, it's lost its anonymity, it's trading mechanism now, right, but it is a safer place, if you have your money in there than this, right, it was safer than that, it's safer than a lot of banks, a lot of institutions, okay, and as for the FDIC, I'm not sure if everyone's having, already has access to their funds or not, I don't know, right, you know, according to the news, everybody's money is guaranteed, even the multi-millionaires and the multi-billionaires, well it should have only been $250,000 or less, so I don't know what shenanigans are going on in the background, but I can guarantee you it's not to our benefit, not mine and yours, if you're Joe Blue, right, or Jane Blue, if you're a top hot person, maybe it's to your benefit, I don't know, okay, maybe it's to your benefit, thank you very much, all the God, five-minute warning, so when Ali Bank go down, all the regular people are possibly, possibly, story of, oh, story of the boy and the damn, what is the story of the boy and the damn, oh, okay, that's what it's called, what's it called, let's see, let's see, what was it called again, story of the boy and the damn, Joe, that's the novel with the storm of the boy and the damn, oh, I'm gonna read that, I gotta put it in my long-term memory if I can, where was it, Joe, Joe, Joe, Joe, where is Joe's comment, oh, crap, I can't find it enough, I can't find the name, oh, here it is, Hans Brinker or the Silver Skates, okay, Hans Brinker or the Silver Skates, thank you very much, Joe, I found it, nice, nice, nice, that's the thing, if you don't know that, then how, how do you know, FD, I see blue load, because they know, we already know they blew the load, they said they're covering everybody and no, that's a given, froggy man, they didn't say anybody that up to $250,000 is covered, they came out, the Biden administration came out, Biden himself, I believe him, a giant yelling came out and said everybody's money is covered, we'll cover everybody, everybody, top hat people, don't worry, why, because the top hat people are the Biden administration people or the people that are running the government and other administration people, right, no, no, no, they already said that, the load is blown, right, but it doesn't mean they're not going to fill the nest egg again with printing more money, higher inflation, and the odds are we're going to see higher inflation and higher interest rates going hand in hand, we might be in a stagflation situation, that's going to be a rock and roll ride like the, well, it's going to be disco, it's the 70s, right, little Ozzy, it's so sad that normal people keep having to pay for and suffer from poor business for the people, it's not poor, these people that pulled the scam, they're not, they're pretty smart doing what they're doing, they keep on doing it again and again and again, they're multi-trillionaires now, I don't know what they are now, right, billions upon hundreds of billionaires, right, billion hundreds there, how do you say that now, right, each time the crash is bigger and bigger indeed, and that's what's going on, Elder God, I post link, thank you very much Elder God, Joe Chico, the story of, yeah, okay, cool, cool, game, let's call the stream, froggy, let me read your last couple comments, show me the balance sheet then, oh, dude, do you think we have access to the balance sheet, just because he said that doesn't mean the FDIC wrote a check bro, dude, that, I, we could only go buy what they're saying, right, you, like, you want me to go, I don't have access to what the White House does on the books, right, like, I'm just chicho, living in Canada, the check isn't written, we don't know how underwater they are with other, dude, you're froggy, you're like the same person that was the same people that was arguing with two days ago, three days ago, four days ago, what was it, Friday, it's a bank run, it's not a bank run, dude, it's a bank run, no, it's not a bank run, show me the bank run, doors closed, no one can take the money out, ATMs don't work, stocks traded, stock has halted, after hours it was down to $50, it's a bank run, it's done, it's not a bank run, don't exaggerate, okay, froggy, we'll see, we'll see, Joe Chicho, can you recommend any resources for learning about banking starting from the absolute basics, Joe, I would say follow Martin Armstrong, and there's a few other people that I link up that I follow, I would say go to our Gilda server, Joe, go to our Gilda server, we're sharing a lot of financial information, we have multiple folders, we have economics, we have collapse, we have personal finance, investing in personal finance, and we have other folders, the Great Reset, the Great Awakening, so we're posting a lot of info there from a lot of different sources, a lot of different sources, there's a few people I follow on Substack that I link up on Gilded, so there's a lot of fantastic writers on Substack that I'm linking up, Michael Hudson is really good as well, so Michael Hudson, if you want to read more of a left leaning economics thing, perspective, Martin Armstrong, if you want to learn, if you want to read a straight up traders perspective, which is fantastic, read everything, I read everything he puts out for free, he does have a subscription service, it's really cheap, like $15 a month, but there are some stuff that's because he can't say certain things because he's dealt with the government before, they'll come after him if he says certain stuff, that's why I say this is not personal finance advice, this is just my perspective on things, do with it what you will, that could be below in the wind, my pleasure, Slippy Waves, it's like you've never seen it's a wonderful life, it's a wonderful life, it's a wonderful life, people's money isn't in the banks and billionaires, it's in this Joe's house and Billy's house and all this house, well it's not no more, it's in the banker's pockets, small liquidity crisis, I say a pretty big liquidity crisis, Joe Biden says, everything is fine, which translates as everything is fucked up, gang thank you for being here, apologies about technical difficulties at the beginning, if you want to follow this work, I'm on Patreon, on Patreon.com, we do have a sub-stack page and a subscribe star page, you can follow the work there, we are live streaming on twitch twitch.tv for those of you that are supporting this work on Patreon, on sub-stack, on Twitch, on censor tube and all the other ways that are supporting this work including participating on Gilda server sharing information and coming on our live streams, gang thank you very much for the follow us, thank you for the support, thank you for the subs, thank you for being here and participating in the discussion, so Laris thanks for the stream, I've been working in small tech and my paycheck was coming from SVB, yikes, I hope it still gets there and start shoring up the problems, reduce your expenses dude, reduce your expenses, get a job, if you're at a flaky company, a little bit unstable, if your company's not cash flow positive, dude, look for a new position because there's going to be a lot of tech people that are looking for jobs very very soon if they're not already, okay, just my little bit of advice, we do announce these live streams 30 minutes, 45 minutes before we go live on Twitter, Minesvk, Gap, Parler and Getter, you can follow the work there and for live streams where we don't have any visuals, we do upload the audio to SoundCloud.com forward slash Chicho as a podcast and that podcast should be available in your favorite podcasting platform including Spotify, iTunes and Amazon and all the other ones, so Laris, I'm okay, I was prepared and luckily the company was ready for it, awesome, so lucky, so lucky, so lucky, banger burger flipper, hilarious, banger burger flipper, gang thank you for being here, I'm glad we were able to do this, I was all wound up to do it, I hope you have a fantastic next few days and we're back again next weekend, we'll try to get two in at least, we'll see, I do have to take care of some business but we'll see where that goes, you man have, how you doing, hope you're doing well, mods again, thank you for being here, all the gods, salut salut Cheryl, salut salut and the other mods that were here, lyrics, lyrics in the next set, remind me on Friday or something, so don't forget again, okay and we're definitely going to do a current events, we've got to talk about some stuff, gang I hope you have a fantastic week, be careful out there, bye everyone.