there are quite a lot of banks on shaky ground people have not heard about yet.
So yes, trouble brewin fer sher
Members banned from this thread: moon |
It's not looking good, is it?
Deutsche Banks' crisis comes after the turmoil facing Silicon Valley Bank (SVB), Signature Bank, and Credit Suisse.
https://www.express.co.uk/finance/ci...on-valley-bank
there are quite a lot of banks on shaky ground people have not heard about yet.
So yes, trouble brewin fer sher
"Those who vote decide nothing. Those who count the vote decide everything." Joseph Stalin
The USA has lost WWIV to China with no other weapons but China Virus and some cash to buy democrats.
serendipity (03-24-2023)
serendipity (03-24-2023)
ExpressLane (03-24-2023), serendipity (03-24-2023)
There were a few Dems in here that literally openly cheered when the market started to crater when C-19 broke out. One in particular was QUITE bad by Politalker. Went like this......" Bzzt Bzzzzzt Bzzzzzt,....were going DOWN, Were Crashing, Were going down HARD! ...take it ALL DOWN and take down Trumps chances of re election with it!"
I noticed you didnt have anything to say against those making the statements back then though.
serendipity (03-25-2023)
PostmodernProphet (03-25-2023), serendipity (03-24-2023)
Word on alternative media is SVB and Signature Bank collapsed because government tried to quash crypto currency. They thought it would be easier than writing legislation. It backfired because crypto moved their money offshore where they are welcome with open arms. The US government and banks are fucking themselves.
Almost all the banks are invested in Treasurys, and other bonds, and those bonds have unrealized losses. If allowed to mature, the banks will have no losses, but if they have to sell the bonds early, it is a mess.
The Fed can, and is, stepping in to make loans based on those bonds(mostly just the Treasurys, but that would be enough). That solves the entire problem. If the bank needs money to meet obligations, it just borrows the money, instead of selling the bonds. The interest rate that the Fed is offering is the same interest rates as the bonds, so it would be all solved... EXCEPT...
The more money the Fed loans out the more inflation we will have. This is working against the goal of decreasing inflation. So the Fed is trying to loan out the absolute minimum that they can get away with.
The first two banks that had trouble were because of massive withdrawals from crypto investors, and tech companies. They could not meet those sudden demands for cash without selling Treasurys at a loss.
The second two banks are not as clear. Deutsche Bank and Credit Suisse both have a history of money laundering for the Russians. Deutsche means German in the German language, and Suisse literally means Swiss. They are not American banks, though they own American banks. They appear to need a lot of money to pay someone abroad desperate for Dollars... Which certainly sounds like Russia.
I have no reason to think the rest of the banks will need sudden and huge amounts of money.
Daniel Patrick Moynihan said it best, "You are entitled to your opinion. But you are not entitled to your own facts."
Paul Begala, "Politics is show business for ugly people."
Stephen Colbert, "Reality has a well known liberal bias."
trump is a child rapist. We all know it.
Daniel Patrick Moynihan said it best, "You are entitled to your opinion. But you are not entitled to your own facts."
Paul Begala, "Politics is show business for ugly people."
Stephen Colbert, "Reality has a well known liberal bias."
trump is a child rapist. We all know it.
There are many who would agree with you. The chances of a recession are somewhere between 25% and 75%. 50% is the most often stated number I am hearing, but anywhere in that range is very reasonable.
In normal circumstances, with this many jobs a recession would be impossible. Obviously, nothing has been normal for a while, but still the chances of a severe recession are actually quite small. We might actually see a recession that does not effect most people, which I would say was impossible a few years ago. We might need to come up with new terms to describe what is happening.
Daniel Patrick Moynihan said it best, "You are entitled to your opinion. But you are not entitled to your own facts."
Paul Begala, "Politics is show business for ugly people."
Stephen Colbert, "Reality has a well known liberal bias."
trump is a child rapist. We all know it.
The Global economic system is trembling.
Collapse is imminent.
I choose my own words like the Americans of olden times........before this dystopia arrived.
DARK AGES SUCK!
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