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Banks and financial institutions worldwide have pulled all-nighters all weekend.

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  • MsMorrisineMsMorrisine Posts: 33,069 ✭✭✭✭✭

    the comex didn't implode

    Current maintainer of Stone's Master List of Favorite Websites // My BST transactions
  • derrybderryb Posts: 36,818 ✭✭✭✭✭

    yet

    "Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey

  • OPAOPA Posts: 17,121 ✭✭✭✭✭

    @MsMorrisine said:
    the comex didn't implode

    and neither did Deutshe Bank. OH, THE SHAME OF IT ALL. :D

    "Bongo drive 1984 Lincoln that looks like old coin dug from ground."
  • derrybderryb Posts: 36,818 ✭✭✭✭✭
    edited April 25, 2021 7:57AM

    @OPA said:

    @MsMorrisine said:
    the comex didn't implode

    and neither did Deutshe Bank. OH, THE SHAME OF IT ALL. :D

    No more shamed than when I failed to get you to understand and accept PM price manipulation. Now that the metal price manipulation conspiracy theory that has been shown to be fact, more reality will come to those who for so long deny it. Things continue to worsen for COMEX silver vault holdings and for DB's outlook. It's happening in slo mo, like the dollar decline that most refuse to see simply because it doesn't happen overnight. One day you wake up and find out it happened. Although DB is a critical piece of the interconnected banking puzzle, central bank efforts to save it will fail. At best, German regulators will recant and allow it to merge with Commerzbank as a last ditch effort to save it. A merger with Commerzbank will be an admission of implosion.

    COMEX silver market? Moving right along to its destiny as it deals with individual delivery fires that will eventually burn it to the ground. The now not-so-temporary high premiums are your key to insight.

    Just as with PM price manipulation, I will once again say "told you so." Watching the dominoes is a much better a tool than is tin foil. The "debt" and "leverage" dominoes will, as always in our economic history, prove to be the key.

    "Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey

  • OPAOPA Posts: 17,121 ✭✭✭✭✭

    derryb...You haven't "told you so" on any of your conspiracy's related to PM's in years. Most of us do realize that there is some sort of manipulation involved in all & every "cash" related product. That's the nature of the beast.

    "Bongo drive 1984 Lincoln that looks like old coin dug from ground."
  • derrybderryb Posts: 36,818 ✭✭✭✭✭

    yep, you realize now. lol

    "Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey

  • blitzdudeblitzdude Posts: 5,892 ✭✭✭✭✭

    Don't forget to leave the lights on.

    The whole worlds off its rocker, buy Gold™.

  • cohodkcohodk Posts: 19,122 ✭✭✭✭✭

    @derryb said:

    Great pre-2008 answer. However under the "new laws of economics" the majority of working stiffs and retirees make ends meet by paying interest on the debt required to accommodate their needs and very often their desired life style. These same retirees often have a nest egg but prefer to finance current expenses with debt

    So borrowing money at low rates while letting investments earn more is a bad thing? Or maybe it would be better to pay folk a higher interest rate to live off of, thus dissuading low cost financing options.

    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • cohodkcohodk Posts: 19,122 ✭✭✭✭✭

    @jmski52 said:
    Retirees are begging for higher rates.

    What happened in 2018 the last time that the Fed tried to raise rates? Aren't nest eggs heavily dependent upon stocks these days? Are retirees going to convert $300K into bonds if rates go higher? I don't think you understand the dynamics.

    >
    Be careful. Derryb may say this is a personal attack. ;) So you think if folk could get 4% on a CD, they wouldnt buy them?

    You keep think people will lose money of they buy bonds. You understand a bond is an income stream with return of principle at maturity.

    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • derrybderryb Posts: 36,818 ✭✭✭✭✭

    @cohodk said:

    @derryb said:

    Great pre-2008 answer. However under the "new laws of economics" the majority of working stiffs and retirees make ends meet by paying interest on the debt required to accommodate their needs and very often their desired life style. These same retirees often have a nest egg but prefer to finance current expenses with debt

    So borrowing money at low rates while letting investments earn more is a bad thing? Or maybe it would be better to pay folk a higher interest rate to live off of, thus dissuading low cost financing options.

    Borrowing money at a higher rate than one's savings is earning speaks volumes for the fear savers have of their economic future and their perceived one day need of the until then untouched nest egg.

    "Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey

  • cohodkcohodk Posts: 19,122 ✭✭✭✭✭

    @derryb said:

    @cohodk said:

    @derryb said:

    Great pre-2008 answer. However under the "new laws of economics" the majority of working stiffs and retirees make ends meet by paying interest on the debt required to accommodate their needs and very often their desired life style. These same retirees often have a nest egg but prefer to finance current expenses with debt

    So borrowing money at low rates while letting investments earn more is a bad thing? Or maybe it would be better to pay folk a higher interest rate to live off of, thus dissuading low cost financing options.

    Borrowing money at a higher rate than one's savings is earning speaks volumes for the fear savers have of their economic future and their perceived one day need of the until then untouched nest egg.

    No it doesnt.

    And frankly your comment is farfetched. I dont know of any retirees that are borrowing instead of using savings to make ends meet. In fact, they are all loathe debt and avoid it all costs.

    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • derrybderryb Posts: 36,818 ✭✭✭✭✭

    @cohodk said:
    I dont know of any retirees that are borrowing instead of using savings to make ends meet. In fact, they are all loathe debt and avoid it all costs.

    Yet they keep that mortgage while money sits in the bank. Why is that? LOL

    "Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey

  • dcarrdcarr Posts: 8,466 ✭✭✭✭✭

    @cohodk said:

    So borrowing money at low rates while letting investments earn more is a bad thing?

    Borrowing money to invest in the stock market is what gets a lot of people (and some hedge funds) into trouble.
    So it is very bad if "retirees" are doing it. That would signal the top of the market.

  • cohodkcohodk Posts: 19,122 ✭✭✭✭✭
    edited April 25, 2021 4:46PM

    @derryb said:

    @cohodk said:
    I dont know of any retirees that are borrowing instead of using savings to make ends meet. In fact, they are all loathe debt and avoid it all costs.

    Yet they keep that mortgage while money sits in the bank. Why is that? LOL

    Very few retirees have a mortgage. But with rates so low, many that do are actually borrowing at negative rates as their home appreciates faster than their interest payment. Use of debt to secure an appreciating asset that also has tax benefits or provides an income stream is indeed good business acumen.

    Thanks for the great questions. Im not afraid to provide great, accurate and insightful answers. ;)

    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • dcarrdcarr Posts: 8,466 ✭✭✭✭✭
    edited April 25, 2021 4:54PM

    @cohodk said:

    ... maybe it would be better to pay folk a higher interest rate to live off of, thus dissuading low cost financing options.

    >

    You still don't get it.
    There aren't enough younger people willing and able to service debt to support the large mass of retiring people.

    It is a demographics issue. The human population can not continue to grow indefinitely on this planet. Resistance from further population growth will come from "mother nature" in the form of pandemics, wars, famine, environmental decline, etc. And a flat or declining population does not work very well for a debt-based monetary system.

  • cohodkcohodk Posts: 19,122 ✭✭✭✭✭

    @dcarr said:

    @cohodk said:

    So borrowing money at low rates while letting investments earn more is a bad thing?

    Borrowing money to invest in the stock market is what gets a lot of people (and some hedge funds) into trouble.

    Yes, of course.

    So it is very bad if "retirees" are doing it. That would signal the top of the market.

    If they do then thats their prerogative. Folk have been predicting the top of the market for over 100 years.

    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • cohodkcohodk Posts: 19,122 ✭✭✭✭✭

    @dcarr said:

    @cohodk said:

    ... maybe it would be better to pay folk a higher interest rate to live off of, thus dissuading low cost financing options.

    >

    You still don't get it.
    There aren't enough younger people willing to service debt to support the large mass of retiring people.

    No one is willing. Yet they will.

    It is a demographics issue. The human population can not continue to grow indefinitely on this planet. Resistance from further population growth will come from "mother nature" in the form of pandemics, wars, famine, environmental decline, etc. And a flat or declining population does not work very well for a debt-based monetary system.

    This is an entirely different discussion. However the population of the USA is projected to grow by another 90 million people over the next 30-40 years. Eventually growth will stop and population will decline, but as a case study Japan has dealt with a declining population for decades and appears to have managed it quite well.

    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • blitzdudeblitzdude Posts: 5,892 ✭✭✭✭✭

    All I need to know, are the lights still on?

    The whole worlds off its rocker, buy Gold™.

  • OPAOPA Posts: 17,121 ✭✭✭✭✭

    "Banks and financial institutions worldwide have pulled all-nighters all weekend."

    Was this cataclysm supposed to have happened last weekend? No, wait...It was the weekend before.

    Whatever .. It appears to have not affected PM's ....

    "Bongo drive 1984 Lincoln that looks like old coin dug from ground."
  • derrybderryb Posts: 36,818 ✭✭✭✭✭
    edited April 26, 2021 3:28PM

    "Waldron also commented on a recent controversy related to Goldman's first-year analysts, who have complained to management about working 100-hour-weeks during the recent surge in deal-making activity from blank check companies. Waldron said the bank is working to hire more employees to help alleviate the workload, and admitted this has gone slowly."

    But it's a conspiracy theory to think they're pulling all nighters on the weekend. LOL

    "Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey

  • blitzdudeblitzdude Posts: 5,892 ✭✭✭✭✭

    @derryb said:

    "Waldron also commented on a recent controversy related to Goldman's first-year analysts, who have complained to management about working 100-hour-weeks during the recent surge in deal-making activity from blank check companies. Waldron said the bank is working to hire more employees to help alleviate the workload, and admitted this has gone slowly."

    But it's a conspiracy theory to think they're pulling all nighters on the weekend. LOL

    derby don't leave those lights on.

    The whole worlds off its rocker, buy Gold™.

  • derrybderryb Posts: 36,818 ✭✭✭✭✭

    You should come out of your prepper cave more often and keep up with the inflation thread. It's now called Motel 66.

    "Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey

  • MsMorrisineMsMorrisine Posts: 33,069 ✭✭✭✭✭
  • MilesWaitsMilesWaits Posts: 5,356 ✭✭✭✭✭

    Oh no, cover the junk.

    Now riding the swell in PM's and surf.
  • Pnies20Pnies20 Posts: 2,294 ✭✭✭✭✭

    Stop arguing and tell me what to buy!!!!

    BHNC #248 … 130 and counting.

  • derrybderryb Posts: 36,818 ✭✭✭✭✭

    @Pnies20 said:
    Stop arguing and tell me what to buy!!!!

    nails, they are next

    "Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey

  • Pnies20Pnies20 Posts: 2,294 ✭✭✭✭✭

    @derryb said:

    @Pnies20 said:
    Stop arguing and tell me what to buy!!!!

    nails, they are next

    :::peels out of driveway to Lowe’s:::

    BHNC #248 … 130 and counting.

  • cohodkcohodk Posts: 19,122 ✭✭✭✭✭

    So back to the OP....

    What happened?

    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • TwoSides2aCoinTwoSides2aCoin Posts: 44,288 ✭✭✭✭✭

    @cohodk said:
    So back to the OP....

    What happened?

    Well for one. Juneteenth allowed everyone in banking and government another paid holiday , while the majority of the population has to work.
    Maybe that all nighter was to make up for the new holiday sprung on us.

  • TwoSides2aCoinTwoSides2aCoin Posts: 44,288 ✭✭✭✭✭

    Time flies when your bending ears and manipulating financing.

  • derrybderryb Posts: 36,818 ✭✭✭✭✭
    edited July 8, 2021 9:05AM

    @cohodk said:
    So back to the OP....

    What happened?

    The OP was about a flurry of documented weekend activity at worldwide big banks on April 17. They were likely scrambling to determine their hedge fund exposure after the billions of dollars blowup of Archegos, a family office hedge fund and more importantly were getting their ducks in a row for the coming congressional hearings and DOJ investigations.

    Notably Wall Street Was Effectively Giving 85 Percent Margin Loans on Concentrated Stock Positions – Thwarting the Fed’s Reg T and Its Own Margin Rules

    "Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey

  • cohodkcohodk Posts: 19,122 ✭✭✭✭✭
    edited July 8, 2021 9:25AM

    Nice compendium of research. Seriously.

    So the fervent speculation was for naught.

    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • derrybderryb Posts: 36,818 ✭✭✭✭✭
    edited July 8, 2021 1:19PM

    we have yet to see the results of the hearings and investigations. For one, they will likely result in fatter campaign war chests. The OP's speculation that something was out of the norm was not for naught; it was spot on.

    "Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey

  • OPAOPA Posts: 17,121 ✭✭✭✭✭

    @derryb said:
    we have yet to see the results of the hearings and investigations. For one, they will likely result in fatter campaign war chests. The OP's speculation that something was out of the norm was not for naught; it was spot on.

    Only for conspiracy nuts. Nothing happened, and it's unlikely than anything ever will come of it.

    "Bongo drive 1984 Lincoln that looks like old coin dug from ground."
  • derrybderryb Posts: 36,818 ✭✭✭✭✭

    @OPA said:

    @derryb said:
    we have yet to see the results of the hearings and investigations. For one, they will likely result in fatter campaign war chests. The OP's speculation that something was out of the norm was not for naught; it was spot on.

    Only for conspiracy nuts. Nothing happened, and it's unlikely than anything ever will come of it.

    • Unusual weekend flurry of activity by numerous banks well documented in the OP. Fact, not theory.
    • Congressional hearings and DOJ investigations documented just four posts earlier than this one. Fact, not theory.
    • Results of hearings and DOJ investigations yet to surface. Fact, not theory.

    One thing I have learned about certain people on this forum (yes, this includes you) is that when they do not like the facts, they think that labeling them as "conspiracy theory" somehow diminishes their truth. Not so.

    "Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey

  • blitzdudeblitzdude Posts: 5,892 ✭✭✭✭✭
    edited July 8, 2021 5:11PM

    The FACT is gutter is sub $26. Lower than it was before all your great squeeze conspiracies, Basel 3 to da moon, banksters up all night and on the verge of collapse, Crimex implosion, Zero Bulgaria the end of the world is here and only silver hoarders will survive. It's all BS attempts to pump a metal almost nobody wants yet a whole new generation buys into the scam. Looney Tunes!

    The whole worlds off its rocker, buy Gold™.

  • derrybderryb Posts: 36,818 ✭✭✭✭✭
    edited July 8, 2021 6:39PM

    @blitzdude said:
    The FACT is gutter is sub $26. Lower than it was before all your great squeeze conspiracies, Basel 3 to da moon, banksters up all night and on the verge of collapse, Crimex implosion, Zero Bulgaria the end of the world is here and only silver hoarders will survive. It's all BS attempts to pump a metal almost nobody wants yet a whole new generation buys into the scam. Looney Tunes!

    In the face of all the fundamentals that say silver should be higher it remains sub $26. Thank you for supporting the "silver price manipulation conspiracy theory" with more facts.

    "Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey

  • element159element159 Posts: 511 ✭✭✭

    @derryb said:

    • Unusual weekend flurry of activity by numerous banks well documented in the OP. Fact, not theory.

    This really does not make sense. Although I have never worked in finance, thankfully honestly because it sounds often miserable, everything I have heard about investment banking suggests that it is a completely normal occurrence to be working late into the night on weekends, for no reason that does not apply to any other day in the year. (Hence the miserable part.) So this is nothing unusual in any way.

  • derrybderryb Posts: 36,818 ✭✭✭✭✭

    the amount of activity on the OP's weekend is very unusual. Ever heard of "banker's hours." lol

    "Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey

  • OPAOPA Posts: 17,121 ✭✭✭✭✭

    @derryb said:

    @OPA said:

    @derryb said:
    we have yet to see the results of the hearings and investigations. For one, they will likely result in fatter campaign war chests. The OP's speculation that something was out of the norm was not for naught; it was spot on.

    Only for conspiracy nuts. Nothing happened, and it's unlikely than anything ever will come of it.

    • Unusual weekend flurry of activity by numerous banks well documented in the OP. Fact, not theory.
    • Congressional hearings and DOJ investigations documented just four posts earlier than this one. Fact, not theory.
    • Results of hearings and DOJ investigations yet to surface. Fact, not theory.

    One thing I have learned about certain people on this forum (yes, this includes you) is that when they do not like the facts, they think that labeling them as "conspiracy theory" somehow diminishes their truth. Not so.

    That puts you on the top of the list in this forum. :D

    "Bongo drive 1984 Lincoln that looks like old coin dug from ground."
  • derrybderryb Posts: 36,818 ✭✭✭✭✭

    Just another list to add to the list. lol.

    "Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey

  • derrybderryb Posts: 36,818 ✭✭✭✭✭

    "Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey

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