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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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 $$... No REAL value.
If you look at US Debt Clock on the tight, we have 280 times as much paper silver as physical silver that's supposed to back it.
Ah, a 'derivitive' infection equal to the derivitives held by the big banks to the tune of around 2 Quadrillion $$$.
Yep, all money and value will disappear.
Debt Jubilee but extreme starvation will occur. That will happened when everything else has failed though, we are not near that point yet.