Have we forgotten about the Silicon Valley Bank crash already
this post was submitted on 26 May 2025
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That was in part caused by peter thiel who called for a run on those banks.
Peter thiel is also the guy that wants these banks. That wants "freedom cities". That want to make sure you have zero freedom and privacy. That bank rolled JD Vance, and trump. And has explicitly stated his desires to destroy western society and financial order.
So....
Yeah, I remember.
SVB loaded up on us treasuries right before covid, then fed raised the rate and they were sitting on ton of collateral that was now materially under water.
Daddy sam bailed them out and made all depositors whole, ie they paid in excess of what FDIC insures.
Depositors were obviously better people such as VC types and start ups....
Must be nice being in the club.
SVB was intentionally crashed by tech bros like Peter Thiel, likely as a strategic move to lobby for change in the banking sector / to gain more access for tech companies. The bank operated in a risky space, with too high a concentration of tech bro customers. This left them exposed to Thiel and crowd going "Hey, look at the balance sheet, if we all withdrew our money at once we can pop this bank and trigger a discussion about banking regulations / reform!".
So, no one forgot, it's all part of the same larger plan really.
Ladder kicking is really a good metaphor for many things that happened in the last 30 years.
Microsoft raises on interoperability and ergonomics and no bullshit, then starts making it so that nobody after it could.
Google raises on the web being open and interoperable and standard, then starts making it so that nobody after it could.
Facebook ... was always crap, but its initial advantage was being populated by real people and not bots, the same.
I'm so sick of Democrats helping fuck us over and pretending that we should be happy about it.
Instead of fighting this kind of shit tooth and nail the best they do is water it down and then send it to be passed.
Fucking maddening. Part of the fucking problem. Stop making deals and concessions to these fascist fucks.
Thanks to the ancient fucking men being the ones ruling th Dem's, people like AOC will have to wait another like 30 years to have a chance :/ And then the Greens are just disguised russian bootlickers (Leader had dinner with Putin).
They'll eventually have their own militaries.
Welcome to Cyberpunk then. Or GitS
GitS itself is cyberpunk, is it not?
Sure is, its the grandfather bascically.
Sorry was refering to Cyberpunk 2077 for the 1st one. This is what Happens when you Name your dann Game Like a whole genre.
I know, I was just being snarky :)
I fucking despise everything about capitalism, these fascist governments, and “big tech”.
this is why i always pick luigi in super mario 2
Hold on... didn't we already go through this grift with crypto already?
On the bright side you might be able to buy groceries with robux and vbucks soon
I can’t wait to buy fruit lootboxes where one in every 10 isn’t spoiled!
Hey if you are around Palm springs to roughly Redlands you can already get that when my jobs packers fuck up.
The fucking healthcare conglomerate (owned by UnitedHealth, yes that one) that bought up the majority of medical practices in my region just sent me a completely unsolicited debit or credit card.
They don’t provide my health insurance. They’re just who owns most of the doctors offices around here.
Everyone does. T-Mobile has their own credit card.
yeah but most of those are all just branded while being backed by synchrony or barclays
Yeah but it’s a start and that scary.
T_mobile doesn't force its users to get their credit card, or force them to use it, or force them to enlist their friends and family to get one.
If Big Tech has their way, all of these things and Andy Rooney will be yours in less than 60 minutes.
….yet. They all start somewhere. It just needs enough people to get caught in the net
Gee I hope people are working on truly decentralised open source alternatives.
Gifting cryptocurrency to the fascists and crypto bros has been a massive fumble from the left.
They can have it, crypto is shit at being an actual working currency.
We can literally design entirely new mechanisms. Redefine money. Local exchange trading systems with local currencies, new monetary systems and elastic mechanisms that are compatible with open governance. Global mutual credit systems. Shift towards bottom-up. Anti-capitalist. Mutualism. The Agora. Now we get to do Elysium instead.
I assume by being an ‘actual working currency’ you’re talking about speed for instant payments which isn’t a hard problem.
there is zero legitimate use for crypto so it was always going to be for fascists
Resisting the vc backed techno-fuedal global fascist network states is a pretty big one.
But there are plenty of use cases, many of which are already in use.
Pasty prick got so lucky he should bury his head somewhere and not see the lighting day again.
Don't you like to smoke meats with your fake friends?