Bob Michele (JP Morgan's CIO) on Bloomberg this morning talking about the Fed's emergency BTFP interventions & the liquidity crisis in banks.
He also specifically mentioned Truist Bank 😬
Truist Bank has over $500 billion in assets & could be on the verge of failure along with Charles Schwab
(twitter.com)
💥 BANK COLLAPSE 💥
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I don’t fucking know man. I have GME and DWAC myself but I don’t care anymore. Now I just stack silver. I don’t trust any of these ratfucks and I don’t know how the white hats will restore our wealth. All I do know is that physical silver will still be in my safe when this all goes down because I physically own it.
DRS your GME and DWAC.
Take it out of the DTCCs hands.
Already did.
I have some silver and gold. Time to buy more.
Hey pwnhomebrewer! GME is my bank. Be your own bank!
Silver dumps right before or during a market crash. Look at 2020, 2008, 2001, ... Etc.
Banks will sell Silver paper for cheap to stay liquid, this gets added into silver price.
Buy silver when the stocks collapse. It'll take a awhile afterward to shoot up, maybe a few weeks to months.
Silver paper=fiat $$... No REAL value.
If you look at US Debt Clock on the tight, we have 280 times as much paper silver as physical silver that's supposed to back it.
Ah, a 'derivitive' infection equal to the derivitives held by the big banks to the tune of around 2 Quadrillion $$$.