A Blood Moon and Stormy Seas Ahead

Can you feel it?
Something’s different.
I was at the wheel of my frigate when the news came of Commodore Jay Powell’s statement before the nobility to raise interest rates.

“Black birds tend to like shiny things.” ~ The Bloody Raven

As if the Perth Mint debacle isn’t enough to put a tarnish on the gold market, the resulting verbal broadside battered the usual markets, other precious metals, and Bitcoin prices sending them deep into Davey Jones locker.

However, the Law of Unintended Consequences backfires for the overly bold move by the hawkish Fed President. As two ships; The Silver Gate and the Silicon Valley began listing and taking on water.

Elemetal 2 Troy Oz. Privateer Round The Storm

Reverse; Pirate Galleon, Rough Seas, Moon, clouds

Diameter, Thickness 3.9mm

0.999 Fine silver, 62.71 g

Mintage 70,344

The smaller Silver Gate ship’s woes were not just due to the weak Crypto markets but began by a preceding flight of capital just prior to 2023. The demand for liquidity forced the Captain’s hand to sell their low interest bearing assets sustaining a heavy loss in a higher interest bond market to the tune of $718 million.

The larger SVB, Silicon Valley ship didn’t fare much better. First observations were those Startup Merchants jumping ship with their laden wealth. The jig was up, before the Captain was able to post his marines by the lifeboats and close off further hemorrhaging $42 Billion had been offloaded before yea can say, “Blackbeard’s baked his brown beans blue!”

With the Captain relieved of command, the sale of their supposedly safe ‘quality assets’ (Treasuries) netting a loss of $1.8 Billion. Blimey!

Now a third ship, Signature Bank, got boarded by the Regulators with the Captain chained in the brig accused with flandering with the crypto privateers.

Elemetal 2 Troy Oz. Privateer Round The Storm

Obverse; Skull in the Ship’s Wheel

”NO PREY NO PAY”

2 oz. FINE SILVER 999

Aye, I get it, foreign and domestic banks with ship loads of low interest Treasuries are sitting on time bombs of unrealized losses. Takes one rumor ...BOOM! It starts again.

I take it that the Fed will do the collateral swap sleight of hook.

The faith in the Banker’s navy sunk to a new low sending the prices of gold and Bitcoin booming. King Biden now proclaims to make all account holders whole, including those over $250,000. It sounds like a Bail in doesn’t it? A pivot by the Fed? With the FDIC having around $125 Million which will last a few more sinkings, it can only mean the printing of boat loads of cash and more price inflation.

Arrrh, that bottle of Captain Morgan is gonna cost me more. Batten down the hatches frens. And, by the way ...it's Leo Power up day.🦁 I'll stake 152!

Elemetal 2 Troy Oz. Privateer Round The Storm

"Treasury bills make poor ballast."

Adding Silver pirate rounds to my Stack for that big Stormy day!

The #piratesunday tag is the scurvy scheme of Captain @stokjockey for #silvergoldstackers pirates to proudly showcase their shiny booty and plunder for all to see. Landlubbers arrrh… welcomed to participate and be a Pirate at heart so open yer treasure chests an’ show us what booty yea got!

References

My own pictures shot with a Samsung SM-A530W

P. Image under Pixabay

W. Wiki Commons

 Page Dividers by thekittygirl 

Sources and Readings

Zerohedge Schiff; And then something broke…
Zerohedge Simon Black; The Unraveling can happen in an Instant
Zerohedge Silicon Valley Bank Crisis: The Liquidity Crunch We Predicted Has Now Begun
Zerohedge SVB Lessons: If You Can't Hold It, It's Not Really Yours
Forbes; Silvergate Bank: The Canary In The Banking (Not Crypto) Coal Mine

"I’m just a gal in black, not a bloody Financial Advisor!"

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