31 Comments
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SS's avatar

Greg you live in Vegas right? Let’s catch up sometime. I love your work.

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MagickMica's avatar

I never been to Vegas!! ONE DAY!!! xoxox I wanna play poker too LOL

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MagickMica's avatar

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. =)

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PDA's avatar

Dad sounds like a cool dude. R.I.P.

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Christina's avatar

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

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Straw Man's avatar

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

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chris kennedy's avatar

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.

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Ed Koller's avatar

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

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Brian b.'s avatar

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 !

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Christina's avatar

We need to dig a deeper bunker 😆

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MagickMica's avatar

Excellent chart!!!! And you have the best insight! Love this community so much!!!!! You don't even know!!! xoxoxo

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R. Haines's avatar

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.

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chris kennedy's avatar

"productive" = destructive

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chris kennedy's avatar

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?)

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chris kennedy's avatar

(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

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chris kennedy's avatar

Yellenstain got the short end of the curve all in a tizzy/selling off today - more debt mkt instability

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chris kennedy's avatar

thanks for all your hard work G. - have a great wkend and enjoy the Cuda!

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Nicholas's avatar

Greg, your longer format live streams are great. I love listening to you. 👂🧠

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Brian's avatar

So they didn't learn anything from 2008. Wonderful,

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i: man;travis's avatar

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

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DBArizona's avatar

It,will not be reelected.

Only people that what to see the total destruction of this country would vote for IT.

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francis's avatar

i hope the thing loses

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