-USD will be the reserve currency... play the channel in ETFs.. it stays in a certain range, buy / sell accordingly
-USD will be replaced... but gold / silver and hold for next currency.
... or do a 50-50..
the American people will be the last to know they are F'd. Banks will control media/narrative. off load toxic debt. then months to years they will say, "whoopsi" as they stay rich.
watch (the big short). banks lied about the literal numbers in the official report till they off loaded enough debt to survive. any remaining debt... government bail outs and the sacrifice bank (berstern).
current example: UBS / credit swiss- toxic debt greater than the whole country of Switzerland wealth. bank records sealed for 50 years so no one can know wtf happened.
markers to look out for: Rate cut - FEDs will do a rate cut. this sudden shift in a weaken financial system cause a fast correction. people who got loans right before, immediately become under water. the government protects banks and the people take the hit. result- slow recovery, in that time the same criminals are set up for the next collapse. another financial collapse. always chasing the recovery.
without government intervention: banks collapse because of the crime. people in those banks (investors) lose all money to pay the debt. economic system recovers fast. some panic bank runs, other stressed banks fail. business as normal.
I’ve watched The Big Short several times, very well done movie that made the situation understandable and entertaining enough for normal people (people with no interest or clue about finance).
I’ve also loosely paid attention to the Swiss banking situation you mention, as it snowballed from GME swaps, to the fall of Archegos, to Credit Suisse, and now to UBS.
I’m currently way up (profitable) on both gold and Bitcoin, and just caught up to even on silver when it got to $28. I’m going to continue to sit tight on those, rather than keeping $ in a bank. Or blips on a bank’s computer to be more exact.
ultimately.. place your bets
-USD will be the reserve currency... play the channel in ETFs.. it stays in a certain range, buy / sell accordingly
-USD will be replaced... but gold / silver and hold for next currency.
... or do a 50-50..
the American people will be the last to know they are F'd. Banks will control media/narrative. off load toxic debt. then months to years they will say, "whoopsi" as they stay rich.
watch (the big short). banks lied about the literal numbers in the official report till they off loaded enough debt to survive. any remaining debt... government bail outs and the sacrifice bank (berstern).
current example: UBS / credit swiss- toxic debt greater than the whole country of Switzerland wealth. bank records sealed for 50 years so no one can know wtf happened.
markers to look out for: Rate cut - FEDs will do a rate cut. this sudden shift in a weaken financial system cause a fast correction. people who got loans right before, immediately become under water. the government protects banks and the people take the hit. result- slow recovery, in that time the same criminals are set up for the next collapse. another financial collapse. always chasing the recovery.
without government intervention: banks collapse because of the crime. people in those banks (investors) lose all money to pay the debt. economic system recovers fast. some panic bank runs, other stressed banks fail. business as normal.
I’ve watched The Big Short several times, very well done movie that made the situation understandable and entertaining enough for normal people (people with no interest or clue about finance).
I’ve also loosely paid attention to the Swiss banking situation you mention, as it snowballed from GME swaps, to the fall of Archegos, to Credit Suisse, and now to UBS.
I’m currently way up (profitable) on both gold and Bitcoin, and just caught up to even on silver when it got to $28. I’m going to continue to sit tight on those, rather than keeping $ in a bank. Or blips on a bank’s computer to be more exact.