Federal Reserve Chair Jerome Powell‘s alarming statement from today:
„THERE WILL BE BANK FAILURES!“
(twitter.com)
💥 BANK COLLAPSE 💥
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I won't hold my breathe on that. I am expecting bank failure here.
I mean I was just parsing the first statement that there will be bank collapses. We very well could have more tit-for-tat bank collapses. By that, I mean Silvergate was a cabal bank, and that collapsed. I think that was us, based on how soon after FTX it collapsed. First Republic collapsed, and I think that was the cabal retaliation to Silvergate.
But I think the biggest bank collapse could be the ECB. So I see it as a statement and almost a warning. Keep pulling your shit and you will fall.
I just know that our current system won't last.