Bonjour à tous
After the SVB, and silverGate Today's failure and takeover of hugeCredit Suisse, a 150 year old highly regarded Swiss Bank, is now the third bank failure in just 10 days. Even the FED, US treasury, ECB, and Swiss government cannot stem the rising tide of bank runs and metatastizing loss of bank confidence
A natural.and long predicted result of
a, Fiat currencies with zero metallic backing
b, Fractional réserve banking
c. sovereign debt explosion due to socialiste control of USA and EU budgets
d, impacted of rapidly rising énergie costs, inflation
e "Black Swan" of Covid-19 and then Putin's Ukraine war.
The extreme volatility in all markets,and régions and widespread market impact may Signal the start of a major turndown.
your thoughts?
Jon