This just hit me...
The news today said that Biden would only allow a pre selected list of banks to purchase Silicon Valley Bank. The final result was HSBC bought it for ~$1.
Also, Ken Griffen supposed mention (quoting from @unusual_whales) that because of the federal reserve bail out that US capitalism is breaking down forever.
If you are a follower of any APE, GME, DWAC narrative of synthetic shorts - imagine the outcome when HSBC gets pulled into a toxic dumpster fire of synthetic shorts that they now acquired from this bank deal. HSBC is also Europes largest bank, probably tied to the Vatican... and anyone who follows DC being owned by the Vatican would assume Europes largest bank blowing up would start the systematic destruction of the banking system & Vatican.
Could this be the statt of the MOASS?
‐----‐---------
A good man leaves an inheritance to his children’s children, but the wealth of the sinner is stored up for the righteous.
Proverbs 13:22
All of Libtard twitter started spewing that we had to save the elite wokesters of Silicon Valley Bank... and sure enough all the backstops were thrown out the window and a instant deal was made. A black hat narrative, possibly to save the elite OR a white hat trap to blow up the biggest fish (e.g. Europes largest bank) - lets start the MOASS show.
HSBC is as evil a bank as it gets. Created to fund the opium wars in China, just so the London Banksters could balance their books after the spice trade deficits.
MOASS will happen, but I dont think it will happen right now. It would be the end game with the whole financial system collapsing right as we hit the precipice. I think we still have a few months, but in the mean time, like you rightly pointed, the pieces are being move in place and HSBC no doubt picked the short straw to suck up atleast some of the toxic assets.
I've done work recently with some of HSBC's risk managers and they are extremely risk averse when it comes to acquisitions, anally so. This deal came with sweetners and backstops, and it was made at the top without asking the analysts who know - or will be finding out over the next two weeks - what risk SVB was exposed to under the covers. If I remember correctly HSBC bet the company on gold staying sub $1200 a good few years ago. They've been in a world of pain ever since. Loading up a wounded bank with extra toxic assets does not seem like a well-thought out plan unless you want to cause a lot of damage. Hmmmm....
Credit suisse is the one to watch, they have been proving it up for months now,and we know they took on some toxic swaps from hedge funds that went bankrupt.
HSBC raided for massive tax fraud and money laundering, March 2023
https://insiderpaper.com/authorities-raid-five-french-banks-in-tax-fraud-case-prosecutors/
https://abcnews.go.com/International/wireStory/french-authorities-search-5-banks-paris-tax-fraud-98179978
All this banking crisis at this moment in time, just ahead of the AMC vote today is not a coincedence because there are no coincedences.