The Greatest depression is coming, are you ready?

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Good News!

We now know the criteria for banks where the deposits will be kept safe. If Obama, Biden and Clinton have money in the bank you can be sure they will keep it safe (for example SVB and Signature bank).
 
ZNP said:
The reason I liked this video besides the fact he pushed back to tell the truth on CNN, was that he explained the goal of Biden saying all deposits will be insured. A lightbulb went off with me as to what is going on. If you guarantee all accounts and FDIC doesn't have the money I assumed they would hit deposit holders up with big fees to cover collapses, like 10% fee taken from your deposit. That of course would cause a panic, a stampede out of the banks and riots. Not too bright. So that was the Biden is a moron theory.

But this was that they would simply print more money and so your money becomes worth less. We are talking about runaway inflation, causing a very rapid collapse of the US dollar, the evil genius crashing the US dollar to bring in the one world currency as a "savior" theory.
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The title on the video is misleading. It has nothing to do with a banking crisis having gone global. Just more scare tactics.
 
ResidentAlien said:
The title on the video is misleading. It has nothing to do with a banking crisis having gone global. Just more scare tactics.
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The global economy is based on the US dollar and US bonds. If inflation goes sky high you will get a total collapse of banks worldwide.

Why do you think ECB raised rates, they freaked at the idea the US would just insure all deposits like that, they understand the implication.
 
ZNP said:
The global economy is based on the US dollar and US bonds. If inflation goes sky high you will get a total collapse of banks worldwide.

Why do you think ECB raised rates, they freaked at the idea the US would just insure all deposits like that, they understand the implication.
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My position is the same. Object all you want, the title is misleading. The "banking crisis," if there even is one, hasn't gone global. I suspect you'd like nothing more than for it to do so though so you can sing about how right you are.
 
ResidentAlien said:
My position is the same. Object all you want, the title is misleading. The "banking crisis," if there even is one, hasn't gone global. I suspect you'd like nothing more than for it to do so though so you can sing about how right you are.
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This makes no sense. You are condemning people for telling the truth because then when they are right they say "I told you so"?

It doesn't matter what your position is, the world economy has been condemned by God, it is a house on fire, and it will collapse.

The seven year tribulation is not about causing people suffering, it is about revealing Jesus Christ, when people see how bad the world will become when run by satanic men who hold down the truth in unrighteousness it will cause many who refuse to change their position to repent.

Also, the title is not mine, it was put on the video by CNN or whoever posted the video.
 
ZNP said:
This makes no sense. You are condemning people for telling the truth because then when they are right they say "I told you so"?

It doesn't matter what your position is, the world economy has been condemned by God, it is a house on fire, and it will collapse.

The seven year tribulation is not about causing people suffering, it is about revealing Jesus Christ, when people see how bad the world will become when run by satanic men who hold down the truth in unrighteousness it will cause many who refuse to change their position to repent.

Also, the title is not mine, it was put on the video by CNN or whoever posted the video.
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Okay.
 
compare the BKX, an index of regional bank stocks with the price of Gold. For the first year of Biden's administration the two tracked together. Since then they have split and the regional bank stocks are down close to 40% relative to the price of gold!

https://www.marketwatch.com/investing/index/bkx/charts?mod=mw_quote_advanced

Regional banks are the backbone of small business. It is their bread and butter to lend to small businesses. They are being put out of business by Biden.
 
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ResidentAlien said:
Watched the whole video. It never once said anything about the "banking crisis" having gone global. It's actually a fear-laced rant against the federal government.
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Bro....you are looking in all the wrong places. You need to eliminate the hacks, shills and con-men and find good data. This is some pretty technically sophisticated financial stuff.......but crucial to know IMO. That is if you have the stomach for it.

 
cv5 said:
Bro....you are looking in all the wrong places. You need to eliminate the hacks, shills and con-men and find good data. This is some pretty technically sophisticated financial stuff.......but crucial to know IMO. That is if you have the stomach for it.

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I look at this as a mathematical formula. Inflation and rising interest rates have caused bonds to lose value. US Bonds are the foundation of the global financial system.

So if they are going to solve this problem they have to address one of these three things.

1. Inflation? Biden's solution will make inflation much, much worse.

2. Interest rates? If they don't keep raising rates inflation will get much worse and last a lot longer.

3. US Bonds? Biden has signaled to the people who run these banks to get out of US bonds as soon as possible. If we have widespread selling US bonds will cause a total collapse in US dollar. China has already given the order to sell all their bonds as soon as possible.

They tell us they are trying to give people confidence and stop the contagion but what their actions are doing is signaling to the rest of the world to get out now while you can.
 
ZNP said:
I look at this as a mathematical formula. Inflation and rising interest rates have caused bonds to lose value. US Bonds are the foundation of the global financial system.

So if they are going to solve this problem they have to address one of these three things.

1. Inflation? Biden's solution will make inflation much, much worse.

2. Interest rates? If they don't keep raising rates inflation will get much worse and last a lot longer.

3. US Bonds? Biden has signaled to the people who run these banks to get out of US bonds as soon as possible. If we have widespread selling US bonds will cause a total collapse in US dollar. China has already given the order to sell all their bonds as soon as possible.

They tell us they are trying to give people confidence and stop the contagion but what their actions are doing is signaling to the rest of the world to get out now while you can.
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The problem is finding BUYERS for these UST's. Selling is no problem if you have buyers.
BTW gov't securities are "marked to par" at any FED liquidity window they choose to open.....just saying.

In the short term, the immediate problem is a crisis of confidence in the banks, with big kahunas pulling out their cash. A classic run on the banks.

Longer term.......the system as we know it is doomed to failure, as EU/US gov't IOU's will be seen as they actually are....worthless.
 
"I want to be clear in how I characterize this"


This is a local bank failure in the US, has not gone global, no contagion, simply people who are unreasonably panicked. BTW you can trust SVB (will be bailed out) because that is where Biden and Obama have their money.
 
ResidentAlien said:
I know where to look. Probably anywhere you're looking is the opposite of where I need to look.
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OK bro. But as it stands, things are tracking precisely as I have anticipated. This due to copious due diligence.
And, I have positioned myself accordingly. Which is now paying off big time. This while most portfolios (those owned by the hopium addicts) are a sucking chest wound.
 
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