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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If you're so sure of it, post a thread with what you're talking about. Let's have a discussion about this.
I can do this later today or tomorrow. I'm a bit busy ATM.
My first point I'm going to start with is the $600 Trillion + derivative market that is tied directly to the system. That has to end in order to fully destroy the cabal as well as the system.
The world GDP is about 100 Trillion.
Goldman Sachs publicly has 500 billion in assets but leveraged 50 Trillion in derivatives. That's just one example of too big to fail.
Do the math. That has to end.
I agree the old system has to end. I'm more interested in a post where you state those without PMs/Crypto are going to start from 0. If you really believe that is true, is it not your duty to inform anons of this?
OK we can do this but I'll do it later. I was thinking it was obvious by this point but it seems like something that needs to be hashed out.
Thank you. I hope it gets stickied because a LOT of anons are not investing in crypto nor converting their reserve notes into PMs!
Another vote for posting a thread on this....very interested to see further discussion