Topic: If they have the solution, why are banks still failing? - page 3. (Read 833 times)
failure is a natural thing, I think they fail for a number of reasons that maybe we ourselves don't understand, or accidents that occur when carrying out tasks, or there are some things that are not good so that it really makes it fail. but I think crypto makes up for the bank's shortcomings, whether it's from inflation to us getting financial freedom for us to achieve that the bank won't be able to provide.
I have always seen bad news about the cryptocurrency industry making headlines in national and international newspapers. The government and bankers criticize the industry and portray the banks as the only remedy to the financial problems of the world. SVB recorded six straight quarterly losses, why didn't these financial gurus fix the bank? Yet they claim to be the only solution.
Bad news about crypto that continues to be developed and made as news that is placed on the main page will continue to be made by those who don't like it.Maybe I don't care if what's being rumored isn't Bitcoin but some other cryptocurrency that serves no purpose like Bitcoin.
As far as I know, they have no other solution than to exaggerate every incident that has happened in the crypto industry. Those of us who have a healthy way of thinking will not be easily influenced by the news made by them.
Apart from us who are already involved in the crypto space, other people out there also do not easily accept every news they read without considering the truth of any newspaper and any media.
The simplest reason is that with the flow of technological developments that spread so quickly, they already understand that there are pros and cons in every news that circulates.
I have always seen bad news about the cryptocurrency industry making headlines in national and international newspapers. The government and bankers criticize the industry and portray the banks as the only remedy to the financial problems of the world. SVB recorded six straight quarterly losses, why didn't these financial gurus fix the bank? Yet they claim to be the only solution.
They are controlled by the system itself, that is the reason why many banks go bankrupt. I don't think it's because experts can't fix this problem, but whose interest and power must be asked? Sometimes interests only operate at the level of satisfaction and they will do nothing to change the previous system for the better because when that happens, their power and influence will be lost and no longer needed.Every country has laws governing the fiat currency system, besides being binding and there is no room for violations because speaking of state revenues, politics plays a much bigger role in this area and it's hard to say why they can't solve that problem. It is their simple logic that makes the regulations, they also regulate the system and they are the ones who can solve the problem. The question why is it so difficult for them to resolve if the power is in their hands? The answer is because they never want to finish.
I'd like to say that they failed to rally every people's support to have continue using their service. Aside from that, their job is to manage belongings from other people and they don't have the control for their people whatever choice they will make regarding money and economy, which is why they will be doing whatever it takes to badmouth other money making strategies if it happens that they cannot get their hands on that particular strategy. That's what usually happen in crypto since it is decentralized ecosystem.
But some of these CEO and board of Directors claim that they have wealth of experience in financial matters. The way they attack cryptocurrency firms will make one believe that they have all the solutions and are infallible.
I'm going to argue that they do have the knowledge and experience — until they get too greedy and try to maximize revenues of the company. Greed is that one thing that can royally fuck someone up regardless of knowledge/experience, and no one is 100% safe from it. Hence, bitcoin > banks.
Greed is what destroys everyone, not only banks, I think, in crypto, we can also experience bankruptcy if we are too greedy.
one more valuable experience is failure, but if the bank has failed it is difficult to return and the person concerned with the failure of the bank will find it difficult to improve his reputation
So are you using a bank? Do your family, parents, wife, and children use the bank? Many people keep saying banks and CEX are trash, but they still use them every day and are almost inseparable from them. It's a shame that we still use it but always speak ill of it. If all the banks in America collapsed, that would not be enough to prove that the banking system is dead. Why not use banking and crypto together for maximum effect? Why speak ill of a bank when you're going to use it to death?
Most people around my environment are still very happy using banks and even some of them may not even know about the collapse of banks in America so they still feel happy and safe when using bank services through their smartphone devices. This means that there is no need to say bad things to the bank as long as we are willing and happy to use the services of the bank, because not all banks will experience the same thing (collapse).
Some banks are still able to stand strong to serve their customers until this moment so that the convenience provided by the bank can still be felt by many people around my environment even though some of them also don't use crypto because they only rely on real business and use the bank to bridge transactions in large quantities when there are certain orders in larger quantities.
~Snip
When it comes to whether to choose the banks or crypto exchanges, it becomes hard to decide. Both of them are centralized shit. As long as your crypto is decentralized and stored by you, it's good. The moment you hand over the authority to someone else, and they have control over your assets, it's all bullshit. As I have already said in previous post, banking system is broken. I don't think I need to explain it anymore. And the thing about the power what banks holds is connected to the whole system. Not only the banks, the whole system in the world that runs it is broken. Peoples are manipulated by the system in order to use it in a way that will make you keep coming back to it. It's a shame to be honest.
Banks and exchanges will continue to fall because they are under the control of a centralized governing authorities that makes implementation of policies that the whole financial economy only works for their favour or interests, as long as there's no confinement in what we have with centralized institutions, they are insecure for us to use, they may not cease to exist but their value and priority would have been shifted to bitcoin in cryptocurrency when the whole world would have realized that what they need still remains a decentralized network.
~Snip
When it comes to whether to choose the banks or crypto exchanges, it becomes hard to decide. Both of them are centralized shit. As long as your crypto is decentralized and stored by you, it's good. The moment you hand over the authority to someone else, and they have control over your assets, it's all bullshit. As I have already said in previous post, banking system is broken. I don't think I need to explain it anymore. And the thing about the power what banks holds is connected to the whole system. Not only the banks, the whole system in the world that runs it is broken. Peoples are manipulated by the system in order to use it in a way that will make you keep coming back to it. It's a shame to be honest.
So are you using a bank? Do your family, parents, wife, and children use the bank? Many people keep saying banks and CEX are trash, but they still use them every day and are almost inseparable from them. It's a shame that we still use it but always speak ill of it. If all the banks in America collapsed, that would not be enough to prove that the banking system is dead. Why not use banking and crypto together for maximum effect? Why speak ill of a bank when you're going to use it to death?
The stock of Silicon Valley Bank, one of the biggest banks in the US collapsed to 65% before trading was halted. This is the largest bank failure since the 2008 financial crisis.
The bank's parent failed to get a buyer making the California Department of Financial Protection and Innovation close Silicon Valley Bank and appointed the Federal Deposit Insurance Corporation as receiver. Customers were scared and began to pull out their funds to avoid unforeseen circumstances.
Economists are warning that the fall of SIVB might spread and have a bad effect on the entire banking sector. The shares of many banks in the US and Europe dropped because of this incident. According to Reuter U.S. banks have lost over $100 billion stock market value in two days, with European banks losing around another $50 billion in value.
I have always seen bad news about the cryptocurrency industry making headlines in national and international newspapers. The government and bankers criticize the industry and portray the banks as the only remedy to the financial problems of the world. SVB recorded six straight quarterly losses, why didn't these financial gurus fix the bank? Yet they claim to be the only solution.
https://www.investors.com/news/silicon-valley-bank-liquidity-crisis-sends-shockwaves-through-financial-industry/
https://www.reuters.com/business/finance/us-bank-stocks-add-losses-regulators-shutter-svb-financial-2023-03-10/
Welp, so much for "banks are better than bitcoin cause hurr durr" now isn't it. The nasty part about this is that when things go south for the banking sector, it is not only them that's affected unlike any other industry failing. It's the whole economy, the whole planet, the whole world that's gonna get royally-fucked by their poor management. It's only going downhill from here, and although this is already old news we're still feeling the effects of it, now we're at the cusp of another looming problem as the US is still taking their sweet-sweet time before doing something about their debt. If people argue that "it's only the US that's getting affected by it" well then I have some news for you buddy, we are all going to be affected. The bank's parent failed to get a buyer making the California Department of Financial Protection and Innovation close Silicon Valley Bank and appointed the Federal Deposit Insurance Corporation as receiver. Customers were scared and began to pull out their funds to avoid unforeseen circumstances.
Economists are warning that the fall of SIVB might spread and have a bad effect on the entire banking sector. The shares of many banks in the US and Europe dropped because of this incident. According to Reuter U.S. banks have lost over $100 billion stock market value in two days, with European banks losing around another $50 billion in value.
I have always seen bad news about the cryptocurrency industry making headlines in national and international newspapers. The government and bankers criticize the industry and portray the banks as the only remedy to the financial problems of the world. SVB recorded six straight quarterly losses, why didn't these financial gurus fix the bank? Yet they claim to be the only solution.
https://www.investors.com/news/silicon-valley-bank-liquidity-crisis-sends-shockwaves-through-financial-industry/
https://www.reuters.com/business/finance/us-bank-stocks-add-losses-regulators-shutter-svb-financial-2023-03-10/
If they don't do shit about this debt problem before June they'd practically be defaulting on their loans, which will then lead to recession, and a whole ensemble of problems that everyone on this planet will feel, especially ones that are allied with the US. this may even tip the scales of power to China for good, as even though they are also experiencing one of the biggest housing industry scandals in today's day and age they still are practically doing fine for themselves.
SVB recorded six straight quarterly losses, why didn't these financial gurus fix the bank? Yet they claim to be the only solution.
Because it really isn't the job of the economists or 'gurus' to prevent a certain bank from going insolvent — it's the CEO, the team in general, and the board of directors' jobs.
~Snip
When it comes to whether to choose the banks or crypto exchanges, it becomes hard to decide. Both of them are centralized shit. As long as your crypto is decentralized and stored by you, it's good. The moment you hand over the authority to someone else, and they have control over your assets, it's all bullshit. As I have already said in previous post, banking system is broken. I don't think I need to explain it anymore. And the thing about the power what banks holds is connected to the whole system. Not only the banks, the whole system in the world that runs it is broken. Peoples are manipulated by the system in order to use it in a way that will make you keep coming back to it. It's a shame to be honest.
Bank security systems are a serious issue in my country because there are many cases of theft or account fraud, thieves can easily move money without having to know their traces, this is what makes us always have to be vigilant if we want to save large amounts of money in a bank.
-snip-
I have always seen bad news about the cryptocurrency industry making headlines in national and international newspapers. The government and bankers criticize the industry and portray the banks as the only remedy to the financial problems of the world. SVB recorded six straight quarterly losses, why didn't these financial gurus fix the bank? Yet they claim to be the only solution.
I have always seen bad news about the cryptocurrency industry making headlines in national and international newspapers. The government and bankers criticize the industry and portray the banks as the only remedy to the financial problems of the world. SVB recorded six straight quarterly losses, why didn't these financial gurus fix the bank? Yet they claim to be the only solution.
Here the economists only act as advisors, the decision remains with the top-level managers of each bank, whether they will take advice from these economists or not, it's all their own decision. So when their bank goes bankrupt it is not the fault of these economists, because they are only experts, they are not top-level managers who make decisions. Many think that these economists are useless, even though they are quite helpful to the banking system, because some of their views are proven to be able to help banks get out of their problems or provide criticism to the government to be able to review their decisions.
Moreover, banks are also companies, they all have competition with each other, so the bankruptcy of some banks will make us bewildered, but it is something that their other competitors are very happy about. As we have also seen, bankrupt banks have been acquired by other giants at very cheap prices relative to their real value. Don't get too excited when you see a few banks fail and assume the whole banking system will collapse. What's going on is just the rule of elimination, the weak will die, and the strong will take over and grow stronger.
Here the economists only act as advisors, the decision remains with the top-level managers of each bank, whether they will take advice from these economists or not, it's all their own decision. So when their bank goes bankrupt it is not the fault of these economists, because they are only experts, they are not top-level managers who make decisions. Many think that these economists are useless, even though they are quite helpful to the banking system, because some of their views are proven to be able to help banks get out of their problems or provide criticism to the government to be able to review their decisions.
If a top manager is competent in matters, and he must be competent in all matters dealt with by subordinates in his department, then he must control the adoption of all important decisions, approve or reject. Ultimately, the responsibility will always lie with the head of the department, and even the head will have to answer to the bank's management.The situation with banks became critical, due to the low rate, banks could not survive in these conditions and were obliged to engage in other activities, such as investing, in order to survive, but if this is not the target direction of the bank, then this can lead to poor implementation, which in the end it happened.
legendary
Activity: 2716
Merit: 1102
Leading Crypto Sports Betting & Casino Platform
According to reports from experts, the spreaders of FUDs who are organized and can pay for advertisements in many media are bankers or bank companies, they unite to fight cryptocurrencies that are a threat to banks, it cannot be denied that the bank system is indeed fragile and will not be strong.
Can you attach the report here? Because I also want to see the report from those experts now. Especially if this can be a very interesting discussion to discuss because it cannot be denied by anyone that cryptocurrency is really popular at this time so those who don't like cryptocurrency will definitely make FUD for the sake of destroying cryptocurrency. But I would absolutely not care about the FUD they create because I have more faith in cryptocurrency life which will stay strong because there are more people who like it. Banking system is broken from the beginning. It's no surprise that they are falling now. Only reason is that people are now aware of the secret knowledge of banking system. And one thing that creates this crisis is when people choose to withdraw their money in mass amount.
I don't even know between banks and the crypto exchanges which one is worst than the other, all of them were just being epileptic in terms of quality service delivery, reliability and trust, we cannot count enough the numbers of banks that have failed already and far gone into bankruptcy because they lack what makes them to independently stand alone.
Because banks doesn't have their own money, and they lend out money to their customers which is not theirs. It belongs to other customers.
The problem is that even banks also lend money from other banks and international financial institutions including government, so they impose some regulations that will hypnotized them to subjects under the MoU signed through the process of getting the loan, yet some people will also depends on banks loan for their survival, the reason while they will never be free from debt, you can't try such with bitcoin in cryptocurrency.
-snip-
I have always seen bad news about the cryptocurrency industry making headlines in national and international newspapers. The government and bankers criticize the industry and portray the banks as the only remedy to the financial problems of the world. SVB recorded six straight quarterly losses, why didn't these financial gurus fix the bank? Yet they claim to be the only solution.
I have always seen bad news about the cryptocurrency industry making headlines in national and international newspapers. The government and bankers criticize the industry and portray the banks as the only remedy to the financial problems of the world. SVB recorded six straight quarterly losses, why didn't these financial gurus fix the bank? Yet they claim to be the only solution.
Here the economists only act as advisors, the decision remains with the top-level managers of each bank, whether they will take advice from these economists or not, it's all their own decision. So when their bank goes bankrupt it is not the fault of these economists, because they are only experts, they are not top-level managers who make decisions. Many think that these economists are useless, even though they are quite helpful to the banking system, because some of their views are proven to be able to help banks get out of their problems or provide criticism to the government to be able to review their decisions.
Because everything has a risk and you can't expect all things will work like your calculations and predictions.
Banks can survive because of people trust, if majority of people don't trust banks anymore, you can expect many banks will stop failing. Banks isn't transparent and want to control everything, I think people tend to move their wealth to assets especially Bitcoin, not holdings huge fiat anymore.
Banks can survive because of people trust, if majority of people don't trust banks anymore, you can expect many banks will stop failing. Banks isn't transparent and want to control everything, I think people tend to move their wealth to assets especially Bitcoin, not holdings huge fiat anymore.
There are many reasons why banks can fail, even if they seem to have solutions to their problems. One reason is that banks operate in a complex and ever changing environment, and it can be difficult to anticipate all the risks and challenges they may face. Banks may face unexpected shocks or crisis, such as a global financial crises or a pandemic, that can disrupt their operations and cause them to fail. Moreover, banks may struggle to adapt to new technologies or changing customer preferences, which can erode their competitive advantage and lead to declining profits. Banks may also be subject to regulatory and legal challenges that can impact their financial performance and reputation. While banks may have solutions to some of their problems, they still face many uncertainties and risks that can lead to failure.
Banking system is broken from the beginning. It's no surprise that they are falling now. Only reason is that people are now aware of the secret knowledge of banking system. And one thing that creates this crisis is when people choose to withdraw their money in mass amount. Because banks doesn't have their own money, and they lend out money to their customers which is not theirs. It belongs to other customers.
One solution is banks having their own money. But that is impossible and there are any solution to this.
One solution is banks having their own money. But that is impossible and there are any solution to this.
Jump to: