$12,000 gold
derryb
Posts: 36,546 ✭✭✭✭✭
Just four banks hold 87 percent of all derivatives at all 4,587 federally-insured financial institutions in the U.S. that existed as of December 31, 2023. Appears interest rates is their biggest bet. This can't end well.
I put odds at 95% that any one of us banks with at least one of them.
All the Devils from 2008 Are Back at the Megabanks: Leverage, Off-Balance-Sheet Debt, Over $192 Trillion in Derivatives, Shaky Capital Levels
"The good old days when “JUSTICE” stood for something instead of “JUST US.”" - Martin Armstrong
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Comments
Rinse and repeat! If it worked once.... should work again! We are all in a game of musical chairs whether we like it or not.
Net exposure is a fraction of notional exposure.
Your numbers are misleading.
Leverage for Wall Street Money Center banks is about 8-9 to 1. In 2008, it was 20-25 to 1. Off-balance sheet debt is a fraction of 2008's. Derivative net exposure is a fraction of what you cite. Capital is at the strongest levels in 50 years.
You continue to subscribe to the "Garbage In, Garbage Out" websites.
Capital is at the strongest levels in 50 years.
Sure, and the Fed can create as much fake money as the banks will ever need. Even the mob in Vegas didn't have as refined a skimming operation as the Fed does.
John Williams calculates inflation at 10.9%, not 2.9%. Que sera, sera.
I knew it would happen.
If it is true then it is a very terrible situation. What should we do in such situation ?
Kick back and wait for $12,000 gold? RGDS!
The whole worlds off its rocker, buy Gold™.
Even back in 1880 there were plenty of people who could see the inflationary impacts of over printing fiat currency.
National Commemorative Medals of the U.S. Mint:
https://www.pcgs.com/setregistry/u-s-coins/medals-tokens/national-commemorative-medals-united-states-mint-1940-present/alltimeset/195526
I'll be pulling all of my cash from banks at the first sign of failure at a medium to large bank. If the smoke clears I can also re-deposit it.
"The good old days when “JUSTICE” stood for something instead of “JUST US.”" - Martin Armstrong
That would work only if the bank allows it. If they are having a bank holiday.... ooops. And there probably won't be much warning.
That would work only if the bank allows it. If they are having a bank holiday.... ooops. And there probably won't be much warning.
This.
I knew it would happen.
there will be sufficient warning to those paying attention,.
"The good old days when “JUSTICE” stood for something instead of “JUST US.”" - Martin Armstrong
This sounds like a greed thread for gold bugs.
Banks run the world.
They’ll never let gold bugs run them.
94 US Banks Burdened by Uninsured Deposits – Risk of Bank Runs
Your early warning:
"Banks will begin to fail in Europe before it becomes a global contagion."
"The good old days when “JUSTICE” stood for something instead of “JUST US.”" - Martin Armstrong
Gold has nothing to do with banks failing. If one bank fails (Bear), another bank takes over. Gold in no way shape or form is involved.