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$12,000 gold

derrybderryb Posts: 36,546 ✭✭✭✭✭
edited August 24, 2024 12:22PM in Precious Metals

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

Comments

  • tincuptincup Posts: 5,012 ✭✭✭✭✭

    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.

    ----- kj
  • GoldFinger1969GoldFinger1969 Posts: 1,511 ✭✭✭✭
    edited August 29, 2024 11:02PM

    Net exposure is a fraction of notional exposure.

    Your numbers are misleading.

    All the Devils from 2008 Are Back at the Megabanks: Leverage, Off-Balance-Sheet Debt, Over $192 Trillion in >Derivatives, Shaky Capital Levels

    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.

  • jmski52jmski52 Posts: 22,626 ✭✭✭✭✭

    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.

    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • If it is true then it is a very terrible situation. What should we do in such situation ?

    @derryb said:
    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

  • blitzdudeblitzdude Posts: 5,726 ✭✭✭✭✭

    @targetedwork said:
    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™.

  • GoldminersGoldminers Posts: 3,764 ✭✭✭✭✭

    Even back in 1880 there were plenty of people who could see the inflationary impacts of over printing fiat currency.


  • derrybderryb Posts: 36,546 ✭✭✭✭✭

    @targetedwork said:
    If it is true then it is a very terrible situation. What should we do in such situation ?

    @derryb said:
    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

    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

  • tincuptincup Posts: 5,012 ✭✭✭✭✭

    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.

    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.

    ----- kj
  • jmski52jmski52 Posts: 22,626 ✭✭✭✭✭

    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.

    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • derrybderryb Posts: 36,546 ✭✭✭✭✭

    @jmski52 said:
    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.

    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.

  • derrybderryb Posts: 36,546 ✭✭✭✭✭

    @derryb said:

    @jmski52 said:
    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.

    there will be sufficient warning to those paying attention,.

    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.

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