How rude. They were economically shattered by being occupied by the USSR for decades. Lay off.

imo this is very flawed thinking, a once in a 40 year event is almost 100% likely to happen in an average persons life — maybe twice. I think when it comes to either your life savings or gigantic amounts of money like banks manage it’s irresponsible to not consider economic cycles that even only happen once per 100 years because of how likely it is to happen once is your life and be absolutely devastating.

I stand by my statement, this is 100% on SVBs amateur hour monkey level thinking.

This is because they fucked up their duration risk handling, no one held a gun to SVBs head and forced them to invest so heavily in long duration bonds. If they bought more short duration bonds none of this would be a problem. Other banks didn’t make this mistake. So why did they do it? Greed, or who knows, maybe it was plain old ignorance/hubris. Still, it was 100% avoidable. SVB fucked up bad and pointing blame at the fed is just not making them accountable.

Like fuck, who are these dumb chimps running this place. When I help my parents plan their retirement I looked at 100 years of history of what normal fluctuations are in the bond or stock market. Looking up data like that takes an hour and should make anyone with basic math skills realize rate and the bond fluctuations that follow at 100% bound to happen given enough time. It was just absolute amateur hour at SVB.

I get what you’re getting at, but in Canada birth certificates from the 80s had a wallet sized version that had no more information than a drivers license, but it didn’t even have a photo on it. It was just a little pice of paper. I remember that’s very different from modern birth certificates.

I also crossed into the U.S. with my health card that only had my name on it and a number that is meaningless to the US boarder agency, also no photo.

Because I grew up right on the Canadian/US border, I have family and friends on both sides. It’s really easy for me to see why Canadians live longer than Americans. Poor Canadians have access to preventive medicine in a way poor Americans don’t because of our universal healthcare system. This prevents a lot of illness that are easily to stop in early stages but hard to stop in late stages from killing people.

But it’s a really common thing for Americans under the influence of their radical corporate propaganda to wave things like universal healthcare away and just say with no evidence that other countries are cheating with numbers. No need to disrupt the amazing profits of your corporate health providers just to do something silly like save the lives of poor people —- they should really have worked harder if they didn’t want to die of cancer anyways.

You know what my lived truth is? Before Canada had more advanced health cards and systems for keeping patient records, it was a common thing in my city for poor Americans to try to defraud our health system just so they could get basic treatment.

But yeah buddy, keep believing the lies that we’re just counting infant mortality differently.

This is an interesting idea, I have I feeling I know the what they’re getting at, but if you have any examples of how they put that into practice I’d love to hear it.

Please reconsider your backup strategy if this is the case. If your data is valuable at all you should be able to drop your laptop in a shredder at any moment and not lose anything. 3.2.1. 3 copies, 2 types of media, 1 offsite.