My father (RIP) smoked Cuban cigars -- when I smell a cigar smell it brings me back to those days we would bond while watching his favorite sport, boxing. =)
Derivative gets value from assets so $50 trillion of assets have been multiplied a hundred times to get value but bank doesn’t have $50 trillion what could go wrong
Yellenstain said "we have to default on some obligation" if Congress fails to lift the $31.4 trillion statutory borrowing limit, "whether it's Treasuries or payments to Social Security recipients." How many seniors are at risk and freaking out right now!? This would be really bad for those people, and I can't even imagine how awful that would look. We must care for our seniors.
Greg, I'm surprised that's what with all going on you actually think this game is going to last another two years. Without a few Black Swans swooping in and up ending the apple cart. Banks in trouble, Derivatives in the Quadrillions??, , Russia at War, China to back the yuan with GOLD, FED in flux, should we raise or lower interest rates. Duh! Crude oil , OPEC in control again. A brain dead out of touch President. Republicans biting at the bit. GOLD and Silver being surppressed openly without, a so what. Me thinks something gotta give. soon. At least JP Morgan bank 4% for 3 month CDS,. ED
They say that the majority of these derivatives are based on interest. What happens when the
planned switch from LIBOR to SOFR occurs soon and most companies and banks are not ready?
My guess is they will kick that can down the road again and set a new "deadline" date. Thanks Greg for your efforts to bring economic reality to WE THE PEOPLE.
and now MSM has the balls to say debt ceiling meetings have been "productive" hahahahahaha (didn't think I could laugh and puke at the same time guess better get used to it?)
(its actually the "White House"? that is saying the debt meetings have been "productive" and the MSM is along for the ride) no surprises just dissapointments
Despite what you hear in the financial media, the banking crisis is not over. We have seen 3 of the biggest banking failures in history recently, do investors really think the credit problems have been resolved? This is just the tip of the iceberg!
Watch Bert discuss his latest insights about the economy coming to a standstill, the Dollar, Gold, and where there are opportunities for investors now
Greg you live in Vegas right? Let’s catch up sometime. I love your work.
I never been to Vegas!! ONE DAY!!! xoxox I wanna play poker too LOL
My father (RIP) smoked Cuban cigars -- when I smell a cigar smell it brings me back to those days we would bond while watching his favorite sport, boxing. =)
Dad sounds like a cool dude. R.I.P.
Yeah your dad sure sounds like a chill dude R.I.P.
Absolutely love to watch boxing myself 🥊 and love the smell of a quality cigar
https://youtu.be/kPK-Erm3fl4
Derivative gets value from assets so $50 trillion of assets have been multiplied a hundred times to get value but bank doesn’t have $50 trillion what could go wrong
Yellenstain said "we have to default on some obligation" if Congress fails to lift the $31.4 trillion statutory borrowing limit, "whether it's Treasuries or payments to Social Security recipients." How many seniors are at risk and freaking out right now!? This would be really bad for those people, and I can't even imagine how awful that would look. We must care for our seniors.
Greg, I'm surprised that's what with all going on you actually think this game is going to last another two years. Without a few Black Swans swooping in and up ending the apple cart. Banks in trouble, Derivatives in the Quadrillions??, , Russia at War, China to back the yuan with GOLD, FED in flux, should we raise or lower interest rates. Duh! Crude oil , OPEC in control again. A brain dead out of touch President. Republicans biting at the bit. GOLD and Silver being surppressed openly without, a so what. Me thinks something gotta give. soon. At least JP Morgan bank 4% for 3 month CDS,. ED
if we actually knew just how bad off we are I think many of us would be saying we need to dig a deeper bunker !
We need to dig a deeper bunker 😆
Excellent chart!!!! And you have the best insight! Love this community so much!!!!! You don't even know!!! xoxoxo
They say that the majority of these derivatives are based on interest. What happens when the
planned switch from LIBOR to SOFR occurs soon and most companies and banks are not ready?
My guess is they will kick that can down the road again and set a new "deadline" date. Thanks Greg for your efforts to bring economic reality to WE THE PEOPLE.
"productive" = destructive
and now MSM has the balls to say debt ceiling meetings have been "productive" hahahahahaha (didn't think I could laugh and puke at the same time guess better get used to it?)
(its actually the "White House"? that is saying the debt meetings have been "productive" and the MSM is along for the ride) no surprises just dissapointments
Yellenstain got the short end of the curve all in a tizzy/selling off today - more debt mkt instability
thanks for all your hard work G. - have a great wkend and enjoy the Cuda!
Greg, your longer format live streams are great. I love listening to you. 👂🧠
So they didn't learn anything from 2008. Wonderful,
Despite what you hear in the financial media, the banking crisis is not over. We have seen 3 of the biggest banking failures in history recently, do investors really think the credit problems have been resolved? This is just the tip of the iceberg!
Watch Bert discuss his latest insights about the economy coming to a standstill, the Dollar, Gold, and where there are opportunities for investors now
https://youtu.be/A4-LGeYiW8U
It,will not be reelected.
Only people that what to see the total destruction of this country would vote for IT.
i hope the thing loses