• ‘Too big to fail’ was bad enough for the banks. Now we have ‘too many to fail.’
    Last Updated: Feb. 13, 2024 at 1:20 p.m. ET

    People line up outside of the shuttered Silicon Valley Bank headquarters on March 10, 2023, in Santa Clara, Calif.
    Getty Images
    Almost a year after the mini banking crisis in the United States, it is worth revisiting the episode. Was it just a tempest in a teacup? Was there really a systemic threat, or was it just a problem with a few banks? Should the interventions by the U.S. Federal Reserve and Treasury worry or comfort us?

    Recall that three mid-size U.S. banks suddenly failed around March 2023. The most prominent was Silicon Valley Bank, which became the second-largest bank failure in U.S. history, after Washington Mutual in 2008. Roughly 90% of the deposits at SVB were uninsured, and uninsured deposits are prone to runs. Making matters worse, SVB had invested significant sums in long-term bonds, the market value of which fell as interest rates rose. When SVB sold some of these holdings to raise funds, the unrealized losses embedded in its bond portfolio started coming to light. A failed equity offering then triggered a classic bank run.

    It is convenient to think that these issues were confined to just a few rogue banks. But the problem was systemic.

    When the Fed engages in quantitative easing (QE), it buys bonds from financial institutions. Typically, those sellers then deposit the money in their bank, and this results in a large increase in uninsured deposits in the banking system. On the banks’ asset side, there is a corresponding increase in central-bank reserves. This is stable, since reserves are the most liquid asset on the planet and can be used to satisfy any impatient depositors who come for their money. Unfortunately, a number of smaller banks (with less than $50 billion in assets) moved away from this stable position as QE continued.

    Historically, smaller U.S. banks financed themselves conservatively, with uninsured demandable deposits accounting for only around 10% of their liabilities. Yet by the time the Fed was done with its pandemic-era QE, these banks’ uninsured demandable deposits exceeded 30% of liabilities. Though that level was still far below SVB’s, these institutions clearly had drunk from the same firehose.

    Smaller banks were also more conservative about liquidity in the past. At the outset of QE in late 2008, banks with less than $50 billion in assets had reserves (and other assets that could be used to borrow reserves) that exceeded the uninsured demandable deposits they had issued. By early 2023, however, they had issued runnable claims (in aggregate) that were one and a half times the size of their liquid assets. Instead of holding liquid reserves, their assets were now more weighted toward long-term securities and term lending, including a significant share of commercial real-estate (CRE) loans.

    Advertisement
    Thus, as the Fed raised interest rates, the economic value of these banks’ assets fell sharply. Some of the fall was hidden by accounting sleight of hand, but SVB’s sudden demise caused investors to scrutinize banks’ balance sheets more carefully. What they saw did not instill confidence. The KBW Nasdaq Bank Index duly fell by over 25%, and deposits started flowing out of a large number of banks, many of which lacked the liquidity to accommodate the sudden outflows. The risk of contagious runs across smaller banks was real, as was the possibly of the problem spreading more widely.

    The Treasury essentially took bank runs off the table, while the Fed provided banks the funds to accommodate the continuing — though no longer panicked — depositor outflows.

    Importantly, as private money flowed to large banks, very little flowed to small- and medium-size institutions. That is why the authorities had to come to the rescue. Soon after SVB’s demise, the Treasury signaled that no uninsured depositor in small banks would suffer losses in any further bank collapses.

    The Fed opened a generous new facility that lent money for up to one year to banks against the par, or face value, of the securities they held on their balance sheets, without adjusting for the erosion in the value of these securities from higher interest rates. And the Federal Home Loan Banks (FHLBanks) — effectively an arm of the U.S. government — increased its lending to stressed banks, with total advances to the banking system having already tripled between March 2022 and March 2023 amid the Fed’s policy tightening. Borrowing by small- and medium-size banks from these official sources skyrocketed.

    The Treasury essentially took bank runs off the table, while the Fed provided banks the funds to accommodate the continuing — though no longer panicked — depositor outflows. A potential banking crisis was converted into a slow-burning problem for banks as they recognized and absorbed the losses on their balance sheets.

    Just recently, New York Community Bancorp NYCB, -5.17%, which bought parts of one of the banks that failed in 2023, reminded us that this process is still underway when it announced large losses. With the Russell microcap index of small companies significantly underperforming the S&P 100 index OEX of the largest companies since March 2023, it appears that smaller banks’ troubles have weighed on their traditional clients: small- and medium-size companies.

    Where does that leave us? Although the situation could have been much worse if the Treasury and the Fed had not stepped in, the seeming ease with which the panic was arrested allowed public attention to move on. Apart from die-hard libertarians, no one seems to care much about the extent of the intervention that was needed to rescue the smaller banks, nor has there been any broad inquiry into the circumstances that led to the vulnerabilities.

    As a result, several questions remain unanswered. To what extent were the seeds of the 2023 banking stress sown by the pandemic-induced monetary stimulus and lax supervision of what banks did with the money? Did advances by the FHLBanks delay failed banks’ efforts to raise capital? Are banks that relied on official backstops after SVB’s failure keeping afloat distressed CRE borrowers, and therefore merely postponing an eventual reckoning?

    It is not good for capitalism when those who knowingly take risks — bankers and uninsured depositors, in this case — pay no price when a risk materializes. Despite sweeping banking reforms over the past 15 years, the authorities have once again shown that they are willing to bail out market players if enough of them have taken the same risk.

    “Too big to fail” was bad enough, but now we have “too many to fail.” The mini-crisis of March 2023 was much more than a footnote in banking history. We cannot afford to bury it.

    Raghuram G. Rajan, a former governor of the Reserve Bank of India, is professor of finance at the University of Chicago Booth School of Business and the author, most recently, of Monetary Policy and Its Unintended Consequences (The MIT Press, 2023). Viral V. Acharya, a former deputy governor of the Reserve Bank of India, is professor of economics at New York University’s Stern School of Business.

    This commentary was published with the permission of Project Syndicate — The Danger of Forgetting the 2023 Banking Crisis.

    More: Regional-bank bondholders seem unworried by New York Community Bank’s problems

    Also read: Recession in 2024? A quarter of economists think it will happen.


    PAR-TY… . https://www.marketwatch.com/story/too-big-to-fail-was-bad-enough-for-the-banks-now-we-have-too-many-to-fail-d89dcdda
    ‘Too big to fail’ was bad enough for the banks. Now we have ‘too many to fail.’ Last Updated: Feb. 13, 2024 at 1:20 p.m. ET People line up outside of the shuttered Silicon Valley Bank headquarters on March 10, 2023, in Santa Clara, Calif. Getty Images Almost a year after the mini banking crisis in the United States, it is worth revisiting the episode. Was it just a tempest in a teacup? Was there really a systemic threat, or was it just a problem with a few banks? Should the interventions by the U.S. Federal Reserve and Treasury worry or comfort us? Recall that three mid-size U.S. banks suddenly failed around March 2023. The most prominent was Silicon Valley Bank, which became the second-largest bank failure in U.S. history, after Washington Mutual in 2008. Roughly 90% of the deposits at SVB were uninsured, and uninsured deposits are prone to runs. Making matters worse, SVB had invested significant sums in long-term bonds, the market value of which fell as interest rates rose. When SVB sold some of these holdings to raise funds, the unrealized losses embedded in its bond portfolio started coming to light. A failed equity offering then triggered a classic bank run. It is convenient to think that these issues were confined to just a few rogue banks. But the problem was systemic. When the Fed engages in quantitative easing (QE), it buys bonds from financial institutions. Typically, those sellers then deposit the money in their bank, and this results in a large increase in uninsured deposits in the banking system. On the banks’ asset side, there is a corresponding increase in central-bank reserves. This is stable, since reserves are the most liquid asset on the planet and can be used to satisfy any impatient depositors who come for their money. Unfortunately, a number of smaller banks (with less than $50 billion in assets) moved away from this stable position as QE continued. Historically, smaller U.S. banks financed themselves conservatively, with uninsured demandable deposits accounting for only around 10% of their liabilities. Yet by the time the Fed was done with its pandemic-era QE, these banks’ uninsured demandable deposits exceeded 30% of liabilities. Though that level was still far below SVB’s, these institutions clearly had drunk from the same firehose. Smaller banks were also more conservative about liquidity in the past. At the outset of QE in late 2008, banks with less than $50 billion in assets had reserves (and other assets that could be used to borrow reserves) that exceeded the uninsured demandable deposits they had issued. By early 2023, however, they had issued runnable claims (in aggregate) that were one and a half times the size of their liquid assets. Instead of holding liquid reserves, their assets were now more weighted toward long-term securities and term lending, including a significant share of commercial real-estate (CRE) loans. Advertisement Thus, as the Fed raised interest rates, the economic value of these banks’ assets fell sharply. Some of the fall was hidden by accounting sleight of hand, but SVB’s sudden demise caused investors to scrutinize banks’ balance sheets more carefully. What they saw did not instill confidence. The KBW Nasdaq Bank Index duly fell by over 25%, and deposits started flowing out of a large number of banks, many of which lacked the liquidity to accommodate the sudden outflows. The risk of contagious runs across smaller banks was real, as was the possibly of the problem spreading more widely. The Treasury essentially took bank runs off the table, while the Fed provided banks the funds to accommodate the continuing — though no longer panicked — depositor outflows. Importantly, as private money flowed to large banks, very little flowed to small- and medium-size institutions. That is why the authorities had to come to the rescue. Soon after SVB’s demise, the Treasury signaled that no uninsured depositor in small banks would suffer losses in any further bank collapses. The Fed opened a generous new facility that lent money for up to one year to banks against the par, or face value, of the securities they held on their balance sheets, without adjusting for the erosion in the value of these securities from higher interest rates. And the Federal Home Loan Banks (FHLBanks) — effectively an arm of the U.S. government — increased its lending to stressed banks, with total advances to the banking system having already tripled between March 2022 and March 2023 amid the Fed’s policy tightening. Borrowing by small- and medium-size banks from these official sources skyrocketed. The Treasury essentially took bank runs off the table, while the Fed provided banks the funds to accommodate the continuing — though no longer panicked — depositor outflows. A potential banking crisis was converted into a slow-burning problem for banks as they recognized and absorbed the losses on their balance sheets. Just recently, New York Community Bancorp NYCB, -5.17%, which bought parts of one of the banks that failed in 2023, reminded us that this process is still underway when it announced large losses. With the Russell microcap index of small companies significantly underperforming the S&P 100 index OEX of the largest companies since March 2023, it appears that smaller banks’ troubles have weighed on their traditional clients: small- and medium-size companies. Where does that leave us? Although the situation could have been much worse if the Treasury and the Fed had not stepped in, the seeming ease with which the panic was arrested allowed public attention to move on. Apart from die-hard libertarians, no one seems to care much about the extent of the intervention that was needed to rescue the smaller banks, nor has there been any broad inquiry into the circumstances that led to the vulnerabilities. As a result, several questions remain unanswered. To what extent were the seeds of the 2023 banking stress sown by the pandemic-induced monetary stimulus and lax supervision of what banks did with the money? Did advances by the FHLBanks delay failed banks’ efforts to raise capital? Are banks that relied on official backstops after SVB’s failure keeping afloat distressed CRE borrowers, and therefore merely postponing an eventual reckoning? It is not good for capitalism when those who knowingly take risks — bankers and uninsured depositors, in this case — pay no price when a risk materializes. Despite sweeping banking reforms over the past 15 years, the authorities have once again shown that they are willing to bail out market players if enough of them have taken the same risk. “Too big to fail” was bad enough, but now we have “too many to fail.” The mini-crisis of March 2023 was much more than a footnote in banking history. We cannot afford to bury it. Raghuram G. Rajan, a former governor of the Reserve Bank of India, is professor of finance at the University of Chicago Booth School of Business and the author, most recently, of Monetary Policy and Its Unintended Consequences (The MIT Press, 2023). Viral V. Acharya, a former deputy governor of the Reserve Bank of India, is professor of economics at New York University’s Stern School of Business. This commentary was published with the permission of Project Syndicate — The Danger of Forgetting the 2023 Banking Crisis. More: Regional-bank bondholders seem unworried by New York Community Bank’s problems Also read: Recession in 2024? A quarter of economists think it will happen. 😎🇺🇸🦅 PAR-TY… 🎉. https://www.marketwatch.com/story/too-big-to-fail-was-bad-enough-for-the-banks-now-we-have-too-many-to-fail-d89dcdda
    WWW.MARKETWATCH.COM
    ‘Too big to fail’ was bad enough for the banks. Now we have ‘too many to fail.’
    The failures may have been confined to just a few rogue banks, but the problem is systemic.
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  • https://youtu.be/rejpzjsVb_0
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  • ![](https://images.ecency.com/DQmdks1WMtN3L9ExVA21vZPV92hT9QbQ2qDtWLELaU2LKEy/portada_team_bdb_sorteo.png)


    Fuente: Discord Mundo Virtual Recursos "Logo Big Dog Bone"

    ![cintillo_hive.png](https://files.peakd.com/file/peakd-hive/osomar357/Eo8RqG218y9DCB1yhmy7Ykbc2vDtjYNGvFMEtV8e5LKdDZLwrCaBduiqYPxJuWeiqFb.png)

    LOS INVITO A PARTICIPAR EN EL JUEGO "BIG DOG BONE".



    ![](https://images.ecency.com/DQmdRwTou9rDd24TCUv2pWNXeadfwRtVZC5N6oLvEKtfGZo/big_dog_bone.png)



    [Puedes ingresar al juego aquí a través de Hive Keychain](https://www.mundovirtualhive.online/login)



    ![](https://images.ecency.com/DQmc42dbkWNaAAShhbcMRnvRgiMVbEBvQuuXN2uL4re8KC2/separador_comunidad_mundo_verde_fluor5.png)

    _____



    El Juego Big Dog Bone es un juego "Click to Earn" que te permite obtener beneficios a partir de la generación del token HUESO.

    Además te permite ganar ingresos pasivos a través de Staking del Token Hueso. El token HUESO, es el token de utilidad del juego



    _______

    EL STAKE DEL TOKEN HUESO TE GENERA RECOMPENSAS PASIVAS
    __________



    Estés o no estés jugando puedes generar ingresos, ya qu puedes comparar Token Hueso y puedes colocarlo en Stake y una vez que lo haces, obtendrás una serie de recompensas, las cuales son repartidas todos los días, a las 00:00 UTC, a través de tickets, los cuales recibirás dependiendo de la cantidad de Token Hueso que poseas en el stake.



    ________

    Esta es la lista de recompensas que tienes la posibilidad de recibir en los TIckets:
    ______



    23% NFT FUSION CARD
    18% FROM 1 TO 50 HUESO TOKENS
    13% 2000 HK WATER TOKENS
    12% 10 XP TOKENS
    10% 3000 BUDS TOKENS
    8% FROM 1 TO 200 HUESO TOKENS
    5% 0.000008 SWAP BTC
    3% 3000 STARBIT TOKENS
    2% FROM 1 TO 10 KOD TOKENS
    2% 15000 HKWATER TOKENS
    2% 10000 BUDS TOKENS
    2% FROM 0.1 TO 5 HIVE




    El Token Hueso, tiene una economía sólida y no inflacionaria, lo que ha permitido que su valor, de haya mantenido en 0.0004 desde su nacimiento y haya fluctuado hacia arriba hasta los 0.0009.

    El Juego Big Dog Bone, más que un juego es también en una comunidad de curación la cual se ha multiplicado con el uso de las etiquetas #bigdogbone, #mundovirtual #hueso.

    Finalmente, el juego, tiene una comunidad activa en Discord con más de 1200 personas



    ________


    ![](https://images.ecency.com/DQmc42dbkWNaAAShhbcMRnvRgiMVbEBvQuuXN2uL4re8KC2/separador_comunidad_mundo_verde_fluor5.png)

    _____

    ENGLISH

    ________


    ![](https://images.ecency.com/DQmc42dbkWNaAAShhbcMRnvRgiMVbEBvQuuXN2uL4re8KC2/separador_comunidad_mundo_verde_fluor5.png)

    _____



    The Big Dog Bone Game is a "Click to Earn" game that allows you to earn profits from the generation of the BONE token.

    It also allows you to earn passive income through Staking of the Bone Token. The BONE token, is the utility token of the game



    _______

    THE STAKE OF THE BONE TOKEN GENERATES PASSIVE REWARDS FOR YOU
    __________



    Whether or not you are playing you can generate income, since you can compare Bone Token and you can place it in Stake and once you do, you will get a series of rewards, which are distributed every day, at 00:00 UTC, through tickets, which you will receive depending on the amount of Bone Token you have in stake.



    ________

    This is the list of rewards that you have the possibility to receive in the TIckets:
    ______



    23% NFT FUSION CARD
    18% FROM 1 TO 50 BONE TOKENS
    13% 2000 HK WATER TOKENS
    12% 10 XP TOKENS
    10% 3000 BUDS TOKENS
    8% FROM 1 TO 200 BONE TOKENS
    5% 0.000008 BTC SWAP
    3% 3000 STARBIT TOKENS
    2% FROM 1 TO 10 KOD TOKENS
    2% 15000 HKWATER TOKENS
    2% 10000 BUDS TOKENS
    2% FROM 0.1 TO 5 HIVE




    The Bone Token has a solid and non-inflationary economy, which has allowed its value to have remained at 0.0004 since its birth and has fluctuated upwards to 0.0009.

    The Game Big Dog Bone, more than a game is also in a healing community which has multiplied with the use of the hashtags #bigdogbone, #mundovirtual #bone.

    Finally, the game, has an active community on Discord with more than 1200 people



    ________


    ![](https://images.ecency.com/DQmc42dbkWNaAAShhbcMRnvRgiMVbEBvQuuXN2uL4re8KC2/separador_comunidad_mundo_verde_fluor5.png)

    _____
    Bases del Concurso /Rules of the Contest:

    _____



    - Realizar un comentario colocando la frase: Token Hueso más su usuario de Hive. Ejemplo: Token Hueso - @osomar357

    - Si lo deseas puedes votar este post, así me apoyas para seguir generando contenido.

    - Si lo deseas y quieres apoyar reblogenado el post, te estaremos muy agradecido en nuestra comunidad.

    - Finalmente informar a los participantes que los ganadores serán elegidos a través de [la aplicación App. Sorteos. Com](https://app-sorteos.com/)

    Todos son invitados a participar. El sorteo se realizará todas las noches a las 00:00 UTC y los ganadores serán anunciados en el próximo post.







    - Make a comment with the phrase: Token Hueso plus your Hive user. Example: Token Hueso - @osomar357

    - If you want you can vote this post, so you support me to continue generating content.

    - If you want and want to support reblogged the post, we will be very grateful.

    - Finally inform the participants that the winners will be chosen through [the application App. Sweepstakes. Com](https://app-sorteos.com/)

    Everyone is invited to participate. The draw will take place every night at 00:00 UTC and the winners will be announced in the next post.





    ________


    ![](https://images.ecency.com/DQmc42dbkWNaAAShhbcMRnvRgiMVbEBvQuuXN2uL4re8KC2/separador_comunidad_mundo_verde_fluor5.png)

    _____

    Ganador del Concurso Big Dog Bone





    ![gana_hueso.png](https://files.peakd.com/file/peakd-hive/osomar357/EogU3zgH8W1maeXKQwr67U5qmUWUcmziRQrJkHNUNVLQB2vksFt1CeSRoWbe62ZTJCG.png)



    _____________________

    Participantes

    ___





    @nahueldare3627, @numa26, @lanzjoseg, @keila2022, @crazyphantombr, @mario02, @mercmarg, @sacra97, @yenmendt, @henruc, @joseal2020, @lightbruce17, @esbat, @jfang003, @monsterbuster, @fredkese, @blitzzzz, @cryptopady801, @vaynard86

    Invitados a participar:
    ______

    @marielarc07, @sacra97, @dlizara, @joseal2020, @dlizara, @lanzjoseg, @rosauradels, @sacra97, @layac13, @mercmarg, @elluismma, @keila2022, @lightbruce17, @crazyphantombr, @leticiapereira, @freed99

    ________________

    Transferencias de Token Hueso al Ganador

    _______________



    ![paga_hueso.png](https://files.peakd.com/file/peakd-hive/osomar357/23swiJhkcKPgwYxKZT6GhZvdxCt6bZesvbJTY1QY3ExvUghSkpdY5n7WmsfagY1ZK5u3q.png)





    ________


    ![](https://images.ecency.com/DQmc42dbkWNaAAShhbcMRnvRgiMVbEBvQuuXN2uL4re8KC2/separador_comunidad_mundo_verde_fluor5.png)

    _____



    ![](https://steemitimages.com/400x600/https://images.ecency.com/DQmYZ9Dtfxudb4aYVdHwyCEPJwdCMhuTeWQdsYxGJeu9hrC/logo.5acc4af4e6491040e775.png)



    [Ingresa al Discord través de este enlace](https://discord.gg/muMGjAKdft )

    ___



    ![logo_redondo_hashkig.png](https://steemitimages.com/600x600/https://files.peakd.com/file/peakd-hive/osomar357/23tGZbHrkeaa7GhxzngHULHci13uQVYfnU1CLZ7momFZPGDwjuQea6xzRKA7fMd6bcFMi.png)

    [Ingresa al Discord de Hashkings a través de este enlace](https://discord.gg/KNtgkXWfB6 )

    ____

    ![cintillo_hive.png](https://files.peakd.com/file/peakd-hive/osomar357/Eo8RqG218y9DCB1yhmy7Ykbc2vDtjYNGvFMEtV8e5LKdDZLwrCaBduiqYPxJuWeiqFb.png)

    ___

    ![cierre__post_Peakd.png](https://files.peakd.com/file/peakd-hive/osomar357/23wCL3zz83ke9zmHQXqT4HUchHcsvpe9cGwY3E3qRaKbn7Q3CM497mw8qXfLJm62Ac1QQ.png)
    ![](https://images.ecency.com/DQmdks1WMtN3L9ExVA21vZPV92hT9QbQ2qDtWLELaU2LKEy/portada_team_bdb_sorteo.png) Fuente: Discord Mundo Virtual Recursos "Logo Big Dog Bone" ![cintillo_hive.png](https://files.peakd.com/file/peakd-hive/osomar357/Eo8RqG218y9DCB1yhmy7Ykbc2vDtjYNGvFMEtV8e5LKdDZLwrCaBduiqYPxJuWeiqFb.png) LOS INVITO A PARTICIPAR EN EL JUEGO "BIG DOG BONE". ![](https://images.ecency.com/DQmdRwTou9rDd24TCUv2pWNXeadfwRtVZC5N6oLvEKtfGZo/big_dog_bone.png) [Puedes ingresar al juego aquí a través de Hive Keychain](https://www.mundovirtualhive.online/login) ![](https://images.ecency.com/DQmc42dbkWNaAAShhbcMRnvRgiMVbEBvQuuXN2uL4re8KC2/separador_comunidad_mundo_verde_fluor5.png) _____ El Juego Big Dog Bone es un juego "Click to Earn" que te permite obtener beneficios a partir de la generación del token HUESO. Además te permite ganar ingresos pasivos a través de Staking del Token Hueso. El token HUESO, es el token de utilidad del juego _______ EL STAKE DEL TOKEN HUESO TE GENERA RECOMPENSAS PASIVAS __________ Estés o no estés jugando puedes generar ingresos, ya qu puedes comparar Token Hueso y puedes colocarlo en Stake y una vez que lo haces, obtendrás una serie de recompensas, las cuales son repartidas todos los días, a las 00:00 UTC, a través de tickets, los cuales recibirás dependiendo de la cantidad de Token Hueso que poseas en el stake. ________ Esta es la lista de recompensas que tienes la posibilidad de recibir en los TIckets: ______ 23% NFT FUSION CARD 18% FROM 1 TO 50 HUESO TOKENS 13% 2000 HK WATER TOKENS 12% 10 XP TOKENS 10% 3000 BUDS TOKENS 8% FROM 1 TO 200 HUESO TOKENS 5% 0.000008 SWAP BTC 3% 3000 STARBIT TOKENS 2% FROM 1 TO 10 KOD TOKENS 2% 15000 HKWATER TOKENS 2% 10000 BUDS TOKENS 2% FROM 0.1 TO 5 HIVE El Token Hueso, tiene una economía sólida y no inflacionaria, lo que ha permitido que su valor, de haya mantenido en 0.0004 desde su nacimiento y haya fluctuado hacia arriba hasta los 0.0009. El Juego Big Dog Bone, más que un juego es también en una comunidad de curación la cual se ha multiplicado con el uso de las etiquetas #bigdogbone, #mundovirtual #hueso. Finalmente, el juego, tiene una comunidad activa en Discord con más de 1200 personas ________ ![](https://images.ecency.com/DQmc42dbkWNaAAShhbcMRnvRgiMVbEBvQuuXN2uL4re8KC2/separador_comunidad_mundo_verde_fluor5.png) _____ ENGLISH ________ ![](https://images.ecency.com/DQmc42dbkWNaAAShhbcMRnvRgiMVbEBvQuuXN2uL4re8KC2/separador_comunidad_mundo_verde_fluor5.png) _____ The Big Dog Bone Game is a "Click to Earn" game that allows you to earn profits from the generation of the BONE token. It also allows you to earn passive income through Staking of the Bone Token. The BONE token, is the utility token of the game _______ THE STAKE OF THE BONE TOKEN GENERATES PASSIVE REWARDS FOR YOU __________ Whether or not you are playing you can generate income, since you can compare Bone Token and you can place it in Stake and once you do, you will get a series of rewards, which are distributed every day, at 00:00 UTC, through tickets, which you will receive depending on the amount of Bone Token you have in stake. ________ This is the list of rewards that you have the possibility to receive in the TIckets: ______ 23% NFT FUSION CARD 18% FROM 1 TO 50 BONE TOKENS 13% 2000 HK WATER TOKENS 12% 10 XP TOKENS 10% 3000 BUDS TOKENS 8% FROM 1 TO 200 BONE TOKENS 5% 0.000008 BTC SWAP 3% 3000 STARBIT TOKENS 2% FROM 1 TO 10 KOD TOKENS 2% 15000 HKWATER TOKENS 2% 10000 BUDS TOKENS 2% FROM 0.1 TO 5 HIVE The Bone Token has a solid and non-inflationary economy, which has allowed its value to have remained at 0.0004 since its birth and has fluctuated upwards to 0.0009. The Game Big Dog Bone, more than a game is also in a healing community which has multiplied with the use of the hashtags #bigdogbone, #mundovirtual #bone. Finally, the game, has an active community on Discord with more than 1200 people ________ ![](https://images.ecency.com/DQmc42dbkWNaAAShhbcMRnvRgiMVbEBvQuuXN2uL4re8KC2/separador_comunidad_mundo_verde_fluor5.png) _____ Bases del Concurso /Rules of the Contest: _____ - Realizar un comentario colocando la frase: Token Hueso más su usuario de Hive. Ejemplo: Token Hueso - @osomar357 - Si lo deseas puedes votar este post, así me apoyas para seguir generando contenido. - Si lo deseas y quieres apoyar reblogenado el post, te estaremos muy agradecido en nuestra comunidad. - Finalmente informar a los participantes que los ganadores serán elegidos a través de [la aplicación App. Sorteos. Com](https://app-sorteos.com/) Todos son invitados a participar. El sorteo se realizará todas las noches a las 00:00 UTC y los ganadores serán anunciados en el próximo post. - Make a comment with the phrase: Token Hueso plus your Hive user. Example: Token Hueso - @osomar357 - If you want you can vote this post, so you support me to continue generating content. - If you want and want to support reblogged the post, we will be very grateful. - Finally inform the participants that the winners will be chosen through [the application App. Sweepstakes. Com](https://app-sorteos.com/) Everyone is invited to participate. The draw will take place every night at 00:00 UTC and the winners will be announced in the next post. ________ ![](https://images.ecency.com/DQmc42dbkWNaAAShhbcMRnvRgiMVbEBvQuuXN2uL4re8KC2/separador_comunidad_mundo_verde_fluor5.png) _____ Ganador del Concurso Big Dog Bone ![gana_hueso.png](https://files.peakd.com/file/peakd-hive/osomar357/EogU3zgH8W1maeXKQwr67U5qmUWUcmziRQrJkHNUNVLQB2vksFt1CeSRoWbe62ZTJCG.png) _____________________ Participantes ___ @nahueldare3627, @numa26, @lanzjoseg, @keila2022, @crazyphantombr, @mario02, @mercmarg, @sacra97, @yenmendt, @henruc, @joseal2020, @lightbruce17, @esbat, @jfang003, @monsterbuster, @fredkese, @blitzzzz, @cryptopady801, @vaynard86 Invitados a participar: ______ @marielarc07, @sacra97, @dlizara, @joseal2020, @dlizara, @lanzjoseg, @rosauradels, @sacra97, @layac13, @mercmarg, @elluismma, @keila2022, @lightbruce17, @crazyphantombr, @leticiapereira, @freed99 ________________ Transferencias de Token Hueso al Ganador _______________ ![paga_hueso.png](https://files.peakd.com/file/peakd-hive/osomar357/23swiJhkcKPgwYxKZT6GhZvdxCt6bZesvbJTY1QY3ExvUghSkpdY5n7WmsfagY1ZK5u3q.png) ________ ![](https://images.ecency.com/DQmc42dbkWNaAAShhbcMRnvRgiMVbEBvQuuXN2uL4re8KC2/separador_comunidad_mundo_verde_fluor5.png) _____ ![](https://steemitimages.com/400x600/https://images.ecency.com/DQmYZ9Dtfxudb4aYVdHwyCEPJwdCMhuTeWQdsYxGJeu9hrC/logo.5acc4af4e6491040e775.png) [Ingresa al Discord través de este enlace](https://discord.gg/muMGjAKdft ) ___ ![logo_redondo_hashkig.png](https://steemitimages.com/600x600/https://files.peakd.com/file/peakd-hive/osomar357/23tGZbHrkeaa7GhxzngHULHci13uQVYfnU1CLZ7momFZPGDwjuQea6xzRKA7fMd6bcFMi.png) [Ingresa al Discord de Hashkings a través de este enlace](https://discord.gg/KNtgkXWfB6 ) ____ ![cintillo_hive.png](https://files.peakd.com/file/peakd-hive/osomar357/Eo8RqG218y9DCB1yhmy7Ykbc2vDtjYNGvFMEtV8e5LKdDZLwrCaBduiqYPxJuWeiqFb.png) ___ ![cierre__post_Peakd.png](https://files.peakd.com/file/peakd-hive/osomar357/23wCL3zz83ke9zmHQXqT4HUchHcsvpe9cGwY3E3qRaKbn7Q3CM497mw8qXfLJm62Ac1QQ.png)
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  • My latest article: The Biggest Banking EleFiat in the Room: The Federal Reserve Requirement — Or The Lack of One

    How the Federal Reserve Ratio Change Down to ZERO PERCENT in 2020 Contributed to The Crisis Unfolding Today

    The Silicon Valley Bank(SVB) collapse happened, sending shockwaves of worry throughout the banking industry and finance sector as more bank failures followed...Credit Suisse(CS) was sold to UBS, who was forced by the Swiss government to buy the company in March at a “price per share marked a 99% decline from Credit Suisse’s peak in 2007.”

    Silvergate and Signature Banks also failed, and rumors persist around Deutsche Bank and First Republic Bank.

    But there is little discussion about the root issue —Fractional Reserve Banking.. More specifically: Undefined “Fractional” Reserve Banking.

    You might be asking, “Why is that ‘fractional’ in quotes?”

    Because….

    The reserve ratio was lowered to an unprecedented figure of 0% in 2020..

    Continue reading: https://themcgwire.substack.com/p/the-biggest-banking-elefiat-in-the
    My latest article: The Biggest Banking EleFiat in the Room: The Federal Reserve Requirement — Or The Lack of One How the Federal Reserve Ratio Change Down to ZERO PERCENT in 2020 Contributed to The Crisis Unfolding Today The Silicon Valley Bank(SVB) collapse happened, sending shockwaves of worry throughout the banking industry and finance sector as more bank failures followed...Credit Suisse(CS) was sold to UBS, who was forced by the Swiss government to buy the company in March at a “price per share marked a 99% decline from Credit Suisse’s peak in 2007.” Silvergate and Signature Banks also failed, and rumors persist around Deutsche Bank and First Republic Bank. But there is little discussion about the root issue —Fractional Reserve Banking.. More specifically: Undefined “Fractional” Reserve Banking. You might be asking, “Why is that ‘fractional’ in quotes?” Because…. The reserve ratio was lowered to an unprecedented figure of 0% in 2020.. Continue reading: https://themcgwire.substack.com/p/the-biggest-banking-elefiat-in-the
    THEMCGWIRE.SUBSTACK.COM
    The Biggest Banking EleFiat in the Room: The Federal Reserve Requirement - Or The Lack of One
    How the Federal Reserve Ratio Change Down to ZERO PERCENT in 2020 Contributed to The Crisis Unfolding Today
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  • #SVBCollapse
    #SVBCrash
    #SVBBank
    #Bankcollapse
    #BankingCrisis
    #SVBCollapse #SVBCrash #SVBBank #Bankcollapse #BankingCrisis
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  • Good morning somee.official community
    #whatsyourplan #weekend #europe #svb
    Good morning [somee.official] community #whatsyourplan #weekend #europe #svb
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    10
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  • https://decrypt.co/123498/africa-chipper-cash-payments-firm-clarifies-svb-exposure-denies-sale-talk #cryptocurrency #decrypt #news #someeofficial #hivelist #pob #peakd #cent
    https://decrypt.co/123498/africa-chipper-cash-payments-firm-clarifies-svb-exposure-denies-sale-talk #cryptocurrency #decrypt #news #someeofficial #hivelist #pob #peakd #cent
    DECRYPT.CO
    Chipper Cash Payments Firm Clarifies SVB Exposure, Denies Sales Talks - Decrypt
    Chipper CEO Ham Serunjogi says the failure of Silicon Valley Bank, one of its early investors, was "insignificant" in its daily operations.
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  • https://www.morningstar.com/news/marketwatch/20230313167/20-banks-that-are-sitting-on-huge-potential-securities-lossesas-was-svb #banking #leofinance #leo #somee #ctp #news #waivio
    https://www.morningstar.com/news/marketwatch/20230313167/20-banks-that-are-sitting-on-huge-potential-securities-lossesas-was-svb #banking #leofinance #leo #somee #ctp #news #waivio
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    4
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  • The high-profile collapse of Silicon Valley Bank last week is a story about bad debt, just not in the way most people think. Ad the trouble is that SVB is not alone.
    The high-profile collapse of Silicon Valley Bank last week is a story about bad debt, just not in the way most people think. Ad the trouble is that SVB is not alone.
    WWW.ACTIVISTPOST.COM
    Treasuries: "Risk Free" or "Risk Unlimited"? - Activist Post
    What does the "full faith and credit of the United States" actually mean these days?
    Love
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    3
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  • #btc up 19% following SVB bailout, USDC and other stablecoins regain their $1 peg as well what a financial time we are witnessing.

    #awesme #crypto #somee
    #btc up 19% following SVB bailout, USDC and other stablecoins regain their $1 peg as well what a financial time we are witnessing. #awesme #crypto #somee
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    8
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  • Biden on SVB, “No losses will be born by the taxpayers” Are taxpayers now the ones who pay bank fees? That’s where the $ is supposed to come from. With that in mind,
    FDIC covers up to $250,000. Who believes that Silicon Valley Bank members only have $250k? Try $500k+! Yeah, nothing to see here ????
    Biden on SVB, “No losses will be born by the taxpayers” Are taxpayers now the ones who pay bank fees? That’s where the $ is supposed to come from. With that in mind, FDIC covers up to $250,000. Who believes that Silicon Valley Bank members only have $250k? Try $500k+! Yeah, nothing to see here ????
    Like
    7
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  • Silicon valley bank (SVB) has exposed a lot of start up companies to sudden financial crisis, there are multiple crypto based companies that relied on the bank for financial support, other digital companies have invested substantial amount of money into the bank which has now been declared insolvent due to low liquidity cash flow.

    What will be the fate of these start up companies that heavily depend on SVB?


    #awesme #somee #crypto


    [Image source](https://www.instagram.com/p/CpuL0CatnHt/?igshid=YmMyMTA2M2Y=)
    Silicon valley bank (SVB) has exposed a lot of start up companies to sudden financial crisis, there are multiple crypto based companies that relied on the bank for financial support, other digital companies have invested substantial amount of money into the bank which has now been declared insolvent due to low liquidity cash flow. What will be the fate of these start up companies that heavily depend on SVB? #awesme #somee #crypto [Image source](https://www.instagram.com/p/CpuL0CatnHt/?igshid=YmMyMTA2M2Y=)
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  • Looks like SVB went belly up for pushing woke programs "experts say," as coined by the fake media babblers????????

    And the saying stands true. If you go woke, you go broke..
    Looks like SVB went belly up for pushing woke programs "experts say," as coined by the fake media babblers???????? And the saying stands true. If you go woke, you go broke..
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    21
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  • It's a relief to observe the steady recovery of $USDC's peg. The previous descent to $0.87 certainly raised some concerns. #USDC #Stablecoin #SVB
    It's a relief to observe the steady recovery of $USDC's peg. The previous descent to $0.87 certainly raised some concerns. #USDC #Stablecoin #SVB
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