It's no secret the problems have grown exponentially since 2008. All big banks were instructed to throw the umbrella over the failing banks. Tarp..QE was the cover. A big hole to cover and it got bigger. That's what prompted the Basel
Accords and it has taken this long to attempt a turn around. Basel III, delays and changes. Moved gold from Tier 3 to Tier 1 status. Many moving parts and no guarantees it will work. History is a good teacher.
thanks, will be watching to see how things go, Martin Armstrong called the EU will financially break apart, and then in the USA, a lot of moving parts too
JP Morgan is being allowed to close the shorts they were forced to own by acquiring Bear Sterns closure of the 2008 crash.
17 years, and 10 months, quite a long time to close the short positions!
It's no secret the problems have grown exponentially since 2008. All big banks were instructed to throw the umbrella over the failing banks. Tarp..QE was the cover. A big hole to cover and it got bigger. That's what prompted the Basel Accords and it has taken this long to attempt a turn around. Basel III, delays and changes. Moved gold from Tier 3 to Tier 1 status. Many moving parts and no guarantees it will work. History is a good teacher.
thanks, will be watching to see how things go, Martin Armstrong called the EU will financially break apart, and then in the USA, a lot of moving parts too