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Foxx

By Foxx
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Nouseforaname

Nouseforaname

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Posted
6 minutes ago, Foxx said:

I don't either but I do know quite a few people that live there and it's a Western civilization, of which, while the minutiae may differ slightly, they all hold pretty much the same core tenets.


Reducing spending in a left of center economy will lead to austerity.  Politically unpopular and more likely to be successful during times of economic growth.

 

Of course the UK had a conservative government for the last four years and still didn’t change much.  

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Foxx

Foxx

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So... here's the thing...

 

Heaven forbid, and the financial world experiences a crash such as what happened in 2008. The exposure of troubled assets in 2008 is considerably dwarfed by what they believe to be troubled assets here in 2022. Back then in '08 the bail out program TARP was officially pegged at $700bn. While unofficially it was at $7.7tn. '08, in hindsight, was a relatively stable environment, creating $7.7tn wasn't even blinked at back then. Today however, due to the continued printing of QE∞ and the worldwide COVID relief printing, a crash of the financial sector such as that of '08 would literally be crippling today. With the inflation that has finally come home to roost from all that printing, printing our way out of a new disaster would make the fiat of today, completely worthless. All faith in the fiat con would be gone. This is why this time, it is different. They have to know this.

 

So what is the end game here. Pretty simple from my perch... CBDC's backed by the new and improved social credit scored EGO. Goodbye hard cash, you will be tracked.

It will fail.

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Nouseforaname

Nouseforaname

Posted
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16 minutes ago, Foxx said:

So... here's the thing...

 

Heaven forbid, and the financial world experiences a crash such as what happened in 2008. The exposure of troubled assets in 2008 is considerably dwarfed by what they believe to be troubled assets here in 2022. Back then in '08 the bail out program TARP was officially pegged at $700bn. While unofficially it was at $7.7tn. '08, in hindsight, was a relatively stable environment, creating $7.7tn wasn't even blinked at back then. Today however, due to the continued printing of QE∞ and the worldwide COVID relief printing, a crash of the financial sector such as that of '08 would literally be crippling today. With the inflation that has finally come home to roost from all that printing, printing our way out of a new disaster would make the fiat of today, completely worthless. All faith in the fiat con would be gone. This is why this time, it is different. They have to know this.

 

So what is the end game here. Pretty simple from my perch... CBDC's backed by the new and improved social credit scored EGO. Goodbye hard cash, you will be tracked.

It will fail.


7.7t? You’re referring to the notional value of the instruments behind the derivatives which is a false way of looking at it.

 

Which troubled assets are you referring to?

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Nouseforaname

Nouseforaname

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Bank of England gave the pension plans until Friday to get their shit together. My guess is they will have to put up more cash as collateral or sell their equities.

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Foxx

Foxx

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On 10/11/2022 at 8:19 PM, Nouseforaname said:


@Foxx this literally matured in two days .

Kinda funny but, that $3.3 bn was directly preceded by a $3bn bond repurchase. I'm sure it's just a coincidence...

 

Credit Suisse’s Wild Ride Is Starting to Spook Some Clients

Quote

... the lender stepped in with a $3 billion bond repurchase to calm the market and take advantage of the recent selloff in its debt. ...

 

 

That last credit swap with Switzerland, was the first time it occurred this year, and for the second consecutive week, we just sent them a swap again. This time, $6.27bn. More bond repurchases, or something else?

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Nouseforaname

Nouseforaname

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19 minutes ago, Foxx said:

Kinda funny but, that $3.3 bn was directly preceded by a $3bn bond repurchase. I'm sure it's just a coincidence...

 

Credit Suisse’s Wild Ride Is Starting to Spook Some Clients

 

 

That last credit swap with Switzerland, was the first time it occurred this year, and for the second consecutive week, we just sent them a swap again. This time, $6.27bn. More bond repurchases, or something else?


Surely then the balance sheets for the two European banks would should a debt with crédit suisse ?

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Foxx

Foxx

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7 hours ago, Nouseforaname said:

https://www.bloomberg.com/news/articles/2022-10-27/credit-suisse-s-4-billion-share-sale-to-fund-revamp-sinks-stock?srnd=premium-canada&leadSource=uverify wall

 

@Foxx

They lost nearly what their restructure plan is, in the 3rd Q alone. That company will now be so diluted, can't imagine shareholders are too happy right now.

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Nouseforaname

Nouseforaname

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5 minutes ago, Foxx said:

They lost nearly what their restructure plan is, in the 3rd Q alone. That company will now be so diluted, can't imagine shareholders are too happy right now.

 

Restructurings hurt.

 

They're taking a big bath.  https://www.investopedia.com/terms/b/bigbath.asp#:~:text=A big bath is an unethical accounting tactic whereby income,artificially inflate future earnings figures.

Edited by Nouseforaname
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