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US bank-collapse - you pay ! |
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Dutch Josh 
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Joined: May 01 2013 Location: Arnhem-Netherla Status: Offline Points: 80982 |
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 Topic: US bank-collapse - you pay !Posted: March 13 2023 at 5:45am |
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[url]https://www.zerohedge.com/markets/first-republic-shares-crash-60-regional-bank-crisis-confidence-spreads[/url] or https://www.zerohedge.com/markets/first-republic-shares-crash-60-regional-bank-crisis-confidence-spreads ; First Republic Bank's stock crashed in premarket trading in New York following a statement issued on Sunday night that sought to ease investor worries about its liquidity situation in the wake of the failures of Silicon Valley Bank and Signature Bank. Shares of the regional bank are down 60% in the premarket. The lender said in a statement late Sunday that it had more than $70 billion in unused liquidity to fund operations from agreements that included the Federal Reserve and JPMorgan Chase & Co DJ, PRofits=PRivatee...losses are -of course- tax payers costs...If not direct then -via creating extra fiat money- via inflation...[url]https://www.youtube.com/watch?v=kr_cwi1IluI[/url] or https://www.youtube.com/watch?v=kr_cwi1IluI trader university; Who will bail out the bail-outers ? Answer; You and me... Some numbers; US GDP=26 trillion per year, debt however over 31 trillion, long term debt 128 trillion...[url]https://www.usdebtclock.org/[/url] or https://www.usdebtclock.org/ US debt/GDP ratio = 133,96%.. Global [url]https://www.usdebtclock.org/world-debt-clock.html[/url] or https://www.usdebtclock.org/world-debt-clock.html ; US public debt/GDP ratio 94,74% (US debt 31,6 trillion-GDP 26,2 trillion) Russia public debt 421 billion-gdp however 2,184 trillion = ratio 19,3 % (DJ...I do not understand completely these statistics...however US debt is higher then its GDP...Russian debt less then 20% of its GDP...). Creating money to "save banks", fund wars and "pay debts/interest" is a dead end street...The US is in an economic swamp... With de-dollarization [url]https://www.zerohedge.com/geopolitical/india-takes-leading-role-de-dollarization[/url] or https://www.zerohedge.com/geopolitical/india-takes-leading-role-de-dollarization only increasing-so lots of US$ returning to the US from the global market-replaced with other currencies-US may be "beaten" by inflation... |
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We cannot solve our problems with the same thinking we used when we created them.
~Albert Einstein |
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Dutch Josh
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Joined: May 01 2013 Location: Arnhem-Netherla Status: Offline Points: 80982 |
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Posted: March 13 2023 at 6:19am |
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Silicon Valley Bank paid out hefty bonuses to their top people MINUTES before an engineered "collapse". The board of SVB includes Mary J. Miller, a former Under Secretary of the Treasury. Sweet, innit? DJ, By making losses public, profits private "neo-liberalism" is simply destroying the public sector...from public healthcare, public transport, to public housing, education.... [url]https://halturnerradioshow.com/index.php/en/news-page/world/bank-stocks-free-falling-credit-suisse-trading-halted[/url] or https://halturnerradioshow.com/index.php/en/news-page/world/bank-stocks-free-falling-credit-suisse-trading-halted ; Trading of the stock in Credit Suisse was HALTED overnight after another 15% plunge in its stock value. Commerzbank dropped 11%. In the USA, Federal Republic dropped another 66%, with Western Alliance Bancorp down 52% and PacWest down 37% in pre-market trading. Despite a staggering loosening of credit available to banks from the Federal Reserve over the weekend, Investor confidence is still plummeting for most of the same banks that saw this trouble late last week. DJ, US "creating" another 25 billion to "save the banks" is not enough to "do the job".... |
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We cannot solve our problems with the same thinking we used when we created them.
~Albert Einstein |
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KiwiMum
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Joined: May 29 2013 Status: Offline Points: 29070 |
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Posted: March 13 2023 at 12:20pm |
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At least the people of America are insured for deposits up to $250,000 in banks, which means that if you have less than that in the bank, the government will guarantee it in the event of a bank failure. Here in NZ the government removed our insurance on bank deposits in 2008. I was the only customer who noticed in my bank in my town - i know because the bank manager told me. They are planning on reintroducing it this year but keep putting it off. The upshot for us it that it's not safe to leave large amounts of money in the bank. It's only a matter of time before the world sees another Cypriot banking crisis like the one in 2012. I think that Cyprus still hasn't recovered from it, nor have the investors been fully refunded on their losses. Scary times. |
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Those who got it wrong, for whatever reason, may feel defensive and retrench into a position that doesn’t accord with the facts.
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Dutch Josh
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Joined: May 01 2013 Location: Arnhem-Netherla Status: Offline Points: 80982 |
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Posted: March 13 2023 at 11:43pm |
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DJ, In an economy the essential basic factor is trust.... The US guaranteed all savings in US banks...but not investments in those banks (So NL retirement funds already lost over 400 million €). The way to guarantee savings-but also stocks-and not doing that from tax money-is by creating even more US dollars out of thin air... The US did invest trillions in endless wars...from Afghanistan, Iraq to Ukraine, Syria...The US made billions of payments to "big pharma" twice...first for developing vaccines at "warp speed" -then also providing billions of profits for big pharma share holders... The US -once- was "exceptional" in the way the rest of the world wanted US$ for global (not only energy) trade... ------------- So...the US may have chosen to save banks and stocks at the cost of the value of the US$...The FED did raise interest rates not only to try to slow down inflation but (doing so) also to "save" the US$....It was raising short term interest rates that did bring problems for banks investing in long term US bonds with lower interest rates...When savers asked for their money the banks had to sell long term US bonds at massive losses... -------------- The pandemic link here is there was no demand for investment money from companies during the peak of the pandemic. So banks had to make secure investments...US bonds in itself was safe...but long term. We may -for now- be out of a pandemic peak...Companies need money from banks for investments...savers can get "more for their money" when they take their savings elsewhere... ---------------- The wider perspective worldwide will be more companies moving to Asia...more pressure in the EU (etc) for keeping doors to Asia open...DJ-Many countries try to limit/block direct investments in Russia-Iran-China....so a lot of money may move to Türkiye, India/Pakistan, Malaysia, Indonesia...there that money will be used for doing bussinesses with Russia-Iran-China... ---------------- [url]https://en.wikipedia.org/wiki/Hyperinflation[/url] or https://en.wikipedia.org/wiki/Hyperinflation ; In economics, hyperinflation is a very high and typically accelerating inflation. It quickly erodes the real value of the local currency, as the prices of all goods increase. This causes people to minimize their holdings in that currency as they usually switch to more stable foreign currencies.[1] When measured in stable foreign currencies, prices typically remain stable. - In his book, Cagan defined a hyperinflationary episode as starting in the month that the monthly inflation rate exceeds 50%, and as ending when the monthly inflation rate drops below 50% and stays that way for at least a year.[7] Economists usually follow Cagan's description that hyperinflation occurs when the monthly inflation rate exceeds 50% (this is equivalent to a yearly rate of 12974.63%).[5] DJ, based on monthly-inflation of +50% it is very unlikely the US will run into such a collapse... The U.S dollar has no intrinsic value, but people want it so much because it is a medium of exchange. The primary purpose of a currency within an economy is to act as a medium of exchange to facilitate exchanging goods and services among people in a particular economy. DJ, One of the limits for US$ collapse is that US$ are the most used currency -still- in the world...US military spending "secures" the US$....[url]https://en.wikipedia.org/wiki/United_States_dollar#International_use_as_reserve_currency[/url] or https://en.wikipedia.org/wiki/United_States_dollar#International_use_as_reserve_currency but all of this has limits....The rest of the world no longer wants to pay for US debts-those debts are made because the US is spending trillions of US$ on weapons, wars...to maintain a status quo in the interest of a small US/western elite... If you define "hyper inflation" as +100% year-to-year fiat currencies-not backed up enough by gold, oil, infra structure do run a very real risk...The major shift will be in countries, major companies "dumping the dollar"...India, China are doing major trade with Russia, Iran, Saudi Arabia...why would they still use a US$ ? --------------- Companies can "buy back" shares...Less shares increases the value of those shares...The US could decrease the the total number of dollars in the world-trying to "protect" the $...but it may only increase US debts...Another way is [url]https://www.zerohedge.com/political/biden-gives-go-ahead-giant-alaska-oil-project-greens-furious[/url] or https://www.zerohedge.com/political/biden-gives-go-ahead-giant-alaska-oil-project-greens-furious increasing intrinsic ("real") value of the US$.... "Trust arrives on foot but leaves on horse back"...The US is NOT the major global power any longer...the sooner the US gets that the better...Asia-by far-is the dominating global factor...neither wars or the US$ can change that.... |
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We cannot solve our problems with the same thinking we used when we created them.
~Albert Einstein |
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Dutch Josh
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Joined: May 01 2013 Location: Arnhem-Netherla Status: Offline Points: 80982 |
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Posted: March 14 2023 at 2:49am |
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[url]https://www.youtube.com/watch?v=9ky7a19Ij7w[/url] or https://www.youtube.com/watch?v=9ky7a19Ij7w ; Unrealized losses among US lenders have been growing rapidly under the Federal Reserve’s aggressive rate-hike regime, even before the Silicon Valley Bank’s collapse. David Ingles reports on Bloomberg Television. DJ, Over 206 billion US$ because banks invested in US bonds...when interest on those bonds was 0%....Lots of pension-funds, other larger investors also did seek secure investments now learning US bonds at 0% -new US bonds interst 5%- are losing value.... Some of the comments; What's actually pretty frightening about this is that many of these banks are considered indentured trustees to other larger and medium-sized banking institutions for many loans and other securities which means if any of these big ones fail, you will a domino effect within 30 days. - "Its a good thing that the population does not understand our banking and financial system. For if they did? I believe there would be a revolution before morning." - Henry Ford. DJ-The US will simply not be able to pay its endless wars... [url]https://nltimes.nl/2023/03/12/inflation-remain-high-economic-growth-will-slow-economists-say[/url] or https://nltimes.nl/2023/03/12/inflation-remain-high-economic-growth-will-slow-economists-say ; DJ, Most consumers want to "play it safe" so less spending...Also inflation in 2022 higher then pay-rise simply means less spending...Energy prices very likely to increase later on... Uncertainty does not encourage investments....but also investing in US bonds now-with interest rates higher later on-is problematic... |
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We cannot solve our problems with the same thinking we used when we created them.
~Albert Einstein |
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Dutch Josh
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Joined: May 01 2013 Location: Arnhem-Netherla Status: Offline Points: 80982 |
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Posted: March 15 2023 at 12:44am |
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DJ, I do not agree with a lot of HT-views but he has a good story on the US-still-financial crisis [url]https://halturnerradioshow.com/index.php/en/news-page/news-nation/the-bank-crisis-the-big-picture-inevitable-collapse-less-than-1-year[/url] or https://halturnerradioshow.com/index.php/en/news-page/news-nation/the-bank-crisis-the-big-picture-inevitable-collapse-less-than-1-year ; We are in a credit/debt crisis loop. Banks are undercapitalized. They need more cash as capital, but to get the cash, they need to borrow it. More borrowing causes higher interest rates, which means more debt, for which they will again have to borrow . . . and on and on and on it would go. Until it collapses. When the government passed out all that free money during the COVID pandemic, that money flowed into bank accounts. With BASEL 3 banking requirements, banks had to have a percentage of Tier 1 assets that could be liquidated pretty darn quick in case the bank needed to raise money fast. "Tier 1 assets" means government treasuries . . . and at that time, when banks HAD to buy government treasuries to have Tier 1 assets, the yield on those Treasury bonds was pretty much 0. Now, with the federal reserve raising rates at such a furious pace, all those bonds the Banks bought . . . have lost value. Why would I want to buy your bond yielding almost nothing, when the current 2-year Treasury Bond is yielding 4.10%? A week ago it was 5%. So the banks can't sell it at face value. They would have to sell the bond at a loss in order to make it sell at all. Silicon Valley Bank (SVB) did this to raise capital due to the outflows of cash, and took an almost 2 billion dollar loss. This is called "unrealized losses." As you read this story, the total of unrealized losses in the banking system is 620 billion dollars. Now, the federal reserve is saying if a Bank needs capital, the Bank can borrow against their Treasury bonds and Mortgage Backed Securities, at "par" (face value) because if they did it mark-to-market, the sale would be a loss and not help at all. DJ, US debt already record high...lots of western countries have financial interests in US banks...so it may spread further... Morgan Stanley, MS, says sell any bounce on this government intervention, next leg of bear market has begun. On March 2, Morgan Stanley's Mike Wilson gave his thoughts on the current state of the stock market, saying it is now in a "death zone" with predictions of its potentially massive drop. Wilson estimates that the S&P 500 could drop down to 3,000 points within the month, which is a 26% slump. Wilson said that US stocks have reached "unsustainable heights" and that investors were like climbers who were pushing towards the top without being able to consider the risks properly. The move by investors was likened to "blindly" pushing toward the top of Mount Everest. DJ, US government did create money to buy up US stocks.... DJ, It is not only Russia, China...it is BRICS, SCO, OPEC+ moving out of the US$.... The 2008 failure of Washington Mutual Bank is what triggered the 2008 Great Financial Crisis, when the $307 Billion dollar bank, failed. This week, the two banks that failed, Silicon Valley and Signature Banks, are together, BIGGER than Washington Mutual. So that puts into perspective how destructive their failures will prove to be in the days and weeks to come. This is, without doubt, a financial and economic catastrophe. The unraveling can happen in an instant. They only "solution" is creating more dollars to save the banks...(and stocks etc.) at least to give the "elite" time to save themselves... DJ-Western politics is serving a very rich elite...NOT public interest ! [url]https://halturnerradioshow.com/index.php/en/news-page/world/flash-inter-bank-liquidity-almost-completely-frozen-they-won-t-lend-to-each-other[/url] or https://halturnerradioshow.com/index.php/en/news-page/world/flash-inter-bank-liquidity-almost-completely-frozen-they-won-t-lend-to-each-other a basic need for an economy is trust...and that trust is "damaged".... DJ-A "correction" to get US/western debt based finance/economy more in "contact" with reality could be just as bad as a crash.... When you look at healthcare, climate problems demand for money is only growing...we may need much more public healthcare, a switch to much less fossil fuels...(riding a bike, public transport is good for health & climate...saves a lot of money...Eat less meat, stop smoking, alcohol...preventative healthcare-sugar tax (did a good job in South Africa !) ...there are lots of steps governments fail to take... "Blind capitalism" -profits above human well being-is killing us... |
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We cannot solve our problems with the same thinking we used when we created them.
~Albert Einstein |
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Dutch Josh
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Joined: May 01 2013 Location: Arnhem-Netherla Status: Offline Points: 80982 |
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Posted: March 15 2023 at 5:43am |
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[url]https://www.zerohedge.com/markets/credit-suisse-sparks-global-de-risking-after-top-investor-bails[/url] or https://www.zerohedge.com/markets/credit-suisse-sparks-global-de-risking-after-top-investor-bails ; As we detailed earlier, Credit Suisse Group AG's shares reached their lowest point ever, dropping by as much as 10%. This is the eighth consecutive session of decline, which comes in the wake of restructuring issues, delays in submitting its annual report due to 'material weakness' flagged by the SEC last week, and a broader industry selloff following the collapse of Silicon Valley Bank. In addition to these challenges, the troubled Swiss bank now faces a new problem: its top shareholder has said they will not invest any further due to the sharp decline in valuations. "The answer is absolutely not, for many reasons outside the simplest reason, which is regulatory and statutory," Saudi National Bank Chairman Ammar Al Khudairy told Bloomberg TV in an interview on Wednesday. That was in response to a question about whether Credit Suisse would receive fresh injections if another liquidity crisis emerged. Saudi National Bank, which is 37% owned by the kingdom's sovereign wealth fund, is Credit Suisse's largest shareholder as of late 2022 after acquiring a 9.9% stake. Al Khudairy said there are no plans at the moment to take the stake over the 10% threshold because of regulatory hurdles. In the last several months, since the bank's equity has been on a waterfall lower, the Saudis have lost more than 500 million francs on their position. The news the Saudis are perhaps done supporting the troubled Swiss bank sent shares down as much as 25% to a new record low in Zurich. DJ [url]https://en.wikipedia.org/wiki/Credit_Suisse[/url] or https://en.wikipedia.org/wiki/Credit_Suisse #45 in [url]https://en.wikipedia.org/wiki/List_of_largest_banks[/url] or https://en.wikipedia.org/wiki/List_of_largest_banks Top 10 is China 4 banks, US and France each 2, Japan, UK 1... Bloomberg TV; [url]https://www.youtube.com/watch?v=BEDI5cKLbBY&t=131s[/url] or https://www.youtube.com/watch?v=BEDI5cKLbBY&t=131s ; Sam Zell: This is the Weimar RepublicSam Zell of Equity Group Investments on how to weather the economic storm, whether he'll be making purchases any time soon, and the financial conditions across the US. -------- DJ, Still a western "elite" keeps pushing for more war, not only against Russia, also with China, Iran (etc)....however finance for such wars is collapsing... |
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We cannot solve our problems with the same thinking we used when we created them.
~Albert Einstein |
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Dutch Josh
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Joined: May 01 2013 Location: Arnhem-Netherla Status: Offline Points: 80982 |
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Posted: March 15 2023 at 11:09pm |
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[url]https://www.zerohedge.com/markets/credit-suisse-sparks-global-de-risking-after-top-investor-bails[/url] or https://www.zerohedge.com/markets/credit-suisse-sparks-global-de-risking-after-top-investor-bails ; Summary:
Update (21:00ET): And so, the "bailout" arrives just a few hours before the Europe open, Credit Suisse said it’s planning to borrow from the Swiss National Bank up to CHF50 billion ($54 billion) under a covered loan facility which is "fully collateralized by high quality assets". It wasn't immediately clear what high quality assets CS has left to pledge but in a time of BTFP, we are confident they found something. DJ, Credit Suisse ran a.o. in problems due to large investments in US companies [url]https://en.wikipedia.org/wiki/Credit_Suisse#Controversies[/url] or https://en.wikipedia.org/wiki/Credit_Suisse#Controversies Greensill Capital and Archegos Capital, damage over 10 billion in 2021...sanctions against Russia did see Russian investors/oligarchs also pull out billions...A lot of banks become involved in a role for financial transactions of criminals/terrorists...(banks may not always be aware of that...also criminals/terrorists somehow need a sort of income...). So to summarize: Credit Suisse effectively just took out a priming DIP loan, pledging its last remaining assets with the SNB, to shore up some $54BN in emergency liquidity, probably how much the bank has seen in deposit outflows. It will be very interesting on what terms those assets were pledged. Another way of saying it, is that this is a last-ditch liquidity infusion, and all it does is prevent forced asset liquidations (a la SVB). Meanwhile it does nothing to halt the depositor flight because once trust is broken, it rarely returns. The news sent Euro Stoxx 50 futures 2% higher, and pushed Emini S&P futures to session highs of 3946; 2Year yields moved up by about 20bps to 4.00% before fading the move. DJ, to stop/slow down inflation central banks increase interest rates...further worsening the position of "non-central-banks" ...So-as a non-expert- I expect we are only at the start of a major financial/banking crisis... The "big story" is Asian economy is booming, west is in/near recession (or worse)....so lots of money goes from western banks to Asian/BRICS banks...using both the US$ and SWIFT as a US weapon also increased pull out of western banks.... Pandemic link; in the west inflation further will increase...There are strikes in health care in many countries. health insurance costs go up....in other words; capacity to deal with more healthcrises is further decreasing...(sick leave in HCW-ers 5-10%+...). |
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We cannot solve our problems with the same thinking we used when we created them.
~Albert Einstein |
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Dutch Josh
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Joined: May 01 2013 Location: Arnhem-Netherla Status: Offline Points: 80982 |
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Posted: March 19 2023 at 11:55pm |
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Maybe short the pandemic link; Due to restrictions during the "peak" of CoViD (pandemic is not over !!! WHO) consumer spending went down so banks did get more money with less investors trying to get a loan...Governments offered security at low interest rates-bank money was used to keep the economy going... With all pandemic restrictions gone lots of countries tried to stimulate their economies-increasing inflation. Interest on "pandemic" state bonds was low...new investments offered higher interests...but banks had lots of money (trillions ???) in low/no interest investments-they decreased in value high speed... DJ-Monday march 20, [url]https://halturnerradioshow.com/index.php/en/news-page/world/whoa-ubs-buys-credit-suisse-for-only-3-2-billion-less-than-1-a-share[/url] or https://halturnerradioshow.com/index.php/en/news-page/world/whoa-ubs-buys-credit-suisse-for-only-3-2-billion-less-than-1-a-share since it may describe the crisis; There must have been very big and very nasty details on the books of Credit Suisse; UBS has agreed to buy its rival for only $3.2 BILLION. Prior, Credit Suisse has a Market Capitalization of about $7 BILLION. So the UBS buy is less than $1 a share! UBS agreed to buy its embattled rival Credit Suisse for 3 billion Swiss francs ($3.2 billion) Sunday, with Swiss regulators playing a key part in the deal as governments looked to stem a contagion threatening the global banking system. Hal Turner Opinion Saudis are not going to be happy about this at all. Considering that shareholders didn't even get a vote (against the law?), I would think that they see the writing on the wall and begin selling off assets as quickly as possible. I suspect they are going to instigate a run for the exits, and with their size they will not wait to do it slowly. Tomorrow is going to be a very, very interesting day. Assuming that UBS Credit Default Swaps (CDS) don't jump 100bps and nullify the deal... and I suppose even if they do, the Swiss National Bank will just change the contract and force it down their throat any way. This was ugly! Credit Suisse is no more. It technically collapsed, then the govt. changed the laws in real-time and made UBS buy it with a bailout. They broke the law and refused to allow the rightful owners (shareholders) to UBS to vote, and dictated the sale... rule's and law be dammed. The entire western system is now a joke and fraud. They rig the rules to their favor, no one goes to jail, and all the shareholders just got robbed for billions. You know what I think? I think what we're all NOT seeing is the chess moves. These banks are ALL interlinked with derivatives and counter-party risk. All these banks have been cross-trading and leveraging against each other. One goes down, they all go down. P. S. The credit default swaps are already crushing! CDS for UBS is going through the roof now - over 300BP at moment and rising like rocket. Stock market will be fun tomorrow. UPDATE 6:09 PM EDT-- JUST IN: About 16 billion Swiss francs ($17.3 billion) of Credit Suisse, $CS, bonds have become worthless after takeover by UBS. This announcement from the Swiss Financial Monetary Authority (FINMA): "Credit Suisse has been informed by FINMA that FINMA has determined that Credit Suisse’s Additional Tier 1 Capital (deriving from the issuance of Tier 1 Capital Notes) in the aggregate nominal amount of approximately CHF 16 billion will be written off to zero."
HT REMARK: I don't want to be seen as some sort of "Chicken Little the sky is falling" but do all of you realize what this has done? The rules are no longer the rules in the West. The law is no longer the law. The Saudis and other investors have just watched the rules and the law go literally out the window in this situation, and they are left holding the bag of almost worthless stock and literally worthless bond paper. If YOU were the Saudis/Arabs and YOU had hundreds of billions of your oil profit money sitting in western banks, what would YOU do right now? Yep. Pull it all. Because it's clearly no longer safe. It can be grabbed by the West, with no notice and no recourse, within seconds. On a weekend, even! If the Saudis and Arabs come to the same conclusion that I just did, then this is now realistically what we can all expect: A real-life rendition of the 1981 movie "Rollover" starring Kris Kristofferson, Jane Fonda and Hume Cronin. In that movie, Arabs pulled all their money from western banks, and the entire monetary system collapsed. All the money gone. DJ, Saudi Arabia (KSA) investors have a lot of investments in Credit Suisse -and many other western companies. KSA is preparing to join the non-western BRICS and SCO working on an alternative for the western financial system... Russia, Iran, China (a.o.) are "in conflict" with the west...The western financial sector is the western weak spot...Crashing the west can avoid a war over Taiwan...may end the US-Russia war in Ukraine...DJ-Or the US -biden- could go even more crazy ...go for nuclear war ? -Of course rumours on a possible arrest of trump -to avoid trump getting elected as a next US president, also does not restore trust in "the west"...DJ-In Europe/UK I think there is a growing trend to "move away" from the US....US interests are not always European interests...The US-biden-may have no idea of what he is doing... [url]https://www.zerohedge.com/markets/fed-panics-announces-coordinated-daily-us-dollar-swap-lines-ease-banking-crisis[/url] or https://www.zerohedge.com/markets/fed-panics-announces-coordinated-daily-us-dollar-swap-lines-ease-banking-crisis DJ-Central banks going to "create" trillions to avoid a stock market crash ? Pushing towards hyperinflation.... |
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We cannot solve our problems with the same thinking we used when we created them.
~Albert Einstein |
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Dutch Josh
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Joined: May 01 2013 Location: Arnhem-Netherla Status: Offline Points: 80982 |
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Posted: March 24 2023 at 11:21pm |
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The Duran [url]https://www.youtube.com/watch?v=szSpZYtnkEI[/url] or https://www.youtube.com/watch?v=szSpZYtnkEI ; Forcing UBS to swallow Credit Suisse DJ, Swiss central bank doubled security for USB to take over Credit Suisse....to over 100 billion $/€...so (western) worldwide bank shares are -again- under pressure... To save the banks [url]https://en.wikipedia.org/wiki/Quantitative_easing[/url] or https://en.wikipedia.org/wiki/Quantitative_easing and lower interest rates...Lots of central banks did increase interest rates to (try to) limit inflation... But rwo major factors behind increase of inflation; -1. Less spending/more saving during the pandemic...banks did get a lot of money they had to "park" at low interest rates...So when interest rates went up investments in low interest safety (US bonds, other government securities) decreased in value...pushing lots of banks into problems... -2. The main reason for the increase of prices is the -insane- sanctions war against Russia, China, Iran etc...Energy prices going up means ALL prices go up... (DJ-Local production means less transport costs-could control price increase...but not always an option when "open markets" is the ideology...) DJ-Lots of banks have lots of bad (long/short term) investments...still "politics for sale" claim "no problem"..."economists for sale" claim inflation will NOT increase when you create more money out of thin air during a supply problem for the west....Will they blame trade unions for their demand of compensation for price increases ? Both the pandemic and endless US/NATO wars have been very expensive...the basic discussion now who has to pay...The expected outcome is "let the poor pay" ; -Poor countries are no longer under western control...Move towards SCO/BRICS+ =Russia, China... -Poor people in western countries-number is growing- do not have the money to "save the western financial system"... -Rich non-western countries; OPEC+, Russia, China...are dumping western debts/bonds...to at least get some money for it... [url]https://www.zerohedge.com/news/2023-03-24/dirty-secret-about-bank-bailouts[/url] or https://www.zerohedge.com/news/2023-03-24/dirty-secret-about-bank-bailouts ; Politicians are self-interested creatures who are constantly looking for ways to stay in power, irrespective of the consequences of their actions. They routinely pass policies that are designed to help them achieve re-election with no concern for the long-term consequences of said actions. Short-term thinking is the order of the day in politics. The funny thing is that politicians claim to be independent and above the fray, but in reality, they’re total slaves to interest groups. Every election cycle they must placate these interest groups. Among these groups are banking interests. Banks practically run major economic affairs in the nation. Anytime the banking sector experiences a major financial crisis, they’re among the first to receive taxpayer-funded bailouts at Middle America’s expense. These entities are truly privileged. While we at the Rebel Capitalist community are opposed to all forms of bailouts, it’s truly perverse that lucrative institutions such as commercial banks receive such taxpayer handouts. Even worse, they receive these handouts for making poor economic decisions. In a real free market economy, these banks would be punished for their bad business decisions and possibly be allowed to go under. With time, they would be replaced by competing banks with more competent management. Alas, we don’t live in such sane economic conditions. Currently, there’s talk of new bailouts to be doled out to banks as economic conditions in the United States deteriorate. However, there might be a more nefarious endgame at play with these bailouts. DJ, Money is power...even with money based on thin air or-even worse-debts...negative value...The US$ is a "share in debt"...when countries realize that they will further "dump dollars"...it is NEGATiVE value...The US could play its dominant-financial-role because of its military role...Enforcing the rest of the world to pay for US debts... You can not de-link de-Dollar-ization from banks collapsing....The Ukraine, Syria, wars are "defending western "values" based on endless debts".... NATO is in a war to save its financial blackmail and extortion scheme...presented as "democracy"...and it is going very bad..more on code black/latest news... |
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We cannot solve our problems with the same thinking we used when we created them.
~Albert Einstein |
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Dutch Josh
Adviser Group
Joined: May 01 2013 Location: Arnhem-Netherla Status: Offline Points: 80982 |
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Posted: March 27 2023 at 12:32am |
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The Duran [url]https://www.youtube.com/watch?v=NPr77FCCxS8[/url] or https://www.youtube.com/watch?v=NPr77FCCxS8 ;Deutsche Bank, too big to fail DJ, NOT linking the bank-crisis to the international "situation" is ignoring elephants in the room-a "western specialization".... -Sanctions war on a.o. Russia -stealing bank accounts from Russia(ns), Venezuela, Afghanistan -Using currencies as a weapon -De-Dollarization All increase pressure on "the west financial system" allready based on debts/QE...So lots of non-western companies, persons take money from unsafe western banks, higher energy prices reduce economy/profits...banks in the "west" are not "the best investments"... Inflation in Russia now lower than inflation in EU-UK-US for the first time since the end of the Soviet Union...1991... And all the west can think of is more escalation, more war, more sanctions... [url]https://halturnerradioshow.com/index.php/en/news-page/world/covert-intel-israel-on-verge-of-political-social-collapse[/url] or https://halturnerradioshow.com/index.php/en/news-page/world/covert-intel-israel-on-verge-of-political-social-collapse no doubt related in many ways... [url]https://www.zerohedge.com/geopolitical/us-tensions-iran-reignite-dollars-petro-currency-status-under-threat[/url] or https://www.zerohedge.com/geopolitical/us-tensions-iran-reignite-dollars-petro-currency-status-under-threat The Dollar as global reserve currency is over...it will have its effects on western banks... |
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We cannot solve our problems with the same thinking we used when we created them.
~Albert Einstein |
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