Doing my part in helping restore freedom to America while kicking evil in the ass. Guided by God the Father, Jesus Christ & my ancestors!
What happens to the banks when gold and silver skyrocket?
What happens when the banks customers begin to panic about their money?
What happens when crypto
becomes gold backed?
What happens when paper dollars become gold backed with digital watermarks?
What happens when nations can only climb out of their current predicaments by using crypto?
The timing of all this is interesting to say the least.
PJ is the name given to me at birth & it stands for Praise Jesus. It is written. What’s done in the dark will come to light. #GodWins
1111 😎
Russia looks like they will be the first country to set the precedent for what’s next. True sovereignty incoming. 🇺🇸🦅
✝️ Father | Husband | American Latino | Capitalist | Millennial Patriot | 🇺🇸🦅
Not a financial expert, but this could be the beginning of something big. Also, one of China's largest banks failed to meet their margin requirements. So much over leveraging in the markets right now through Russian oil (and China's real estate) including United States overleveraging, this bubble looks about to pop.
.
https://www.zerohedge.com/markets/pozsar-we-could-be-looking-early-stages-classic-liquidity-crisis
.
https://www.zerohedge.com/commodities/one-chinas-largest-banks-unable-pay-margin-call-after-todays-monster-nickel-squeeze
✝️ Father | Husband | American Latino | Capitalist | Millennial Patriot | 🇺🇸🦅
JPMorgan’s global head of markets, Troy Rohrbaugh, spoke at the RBC Global Financial Institutions Conference where he said that a lot of the firm's clients are under “extreme stress" as a result of Russia's invasion of Ukraine and the resulting impact it is having on equities and commodities. Rohrbaugh said that the invasion, and the ensuing sanctions from the U.S. and European Union, have been "putting pressure on clients."
With crypto regulations pending this week in the form of a long-awaited Biden executive order out in two days, he also stated that the bank would let clients help dictate how the firm gets involved with crypto assets. “As our clients become more significant investors in these products, particularly our asset-manager clients, we plan to move with them."
.
https://www.zerohedge.com/markets/jp-morgan-global-head-markets-says-clients-are-under-extreme-stress
✝️ Father | Husband | American Latino | Capitalist | Millennial Patriot | 🇺🇸🦅
✝️ Father | Husband | American Latino | Capitalist | Millennial Patriot | 🇺🇸🦅
✝️ Father | Husband | American Latino | Capitalist | Millennial Patriot | 🇺🇸🦅
✝️ Father | Husband | American Latino | Capitalist | Millennial Patriot | 🇺🇸🦅
"Long story short: if you are a small nobody and your margin call will wipe out just you, nobody will think twice to margin you out; on the other hand if you are a Chinese tycoon whose default will ruin not just him but lead to massive losses for all LME members and also drag down more than one broker in the process (as Russell Clark explained earlier), well then... the rules can certainly be bent.
And sure enough, on Wednesday morning, two days after Xiang was supposed to be in default buried by billions in margin calls, Bloomberg reports that he has successfully secured "a package of loans from local and international banks to help it meet a wave of margin calls."
.
https://www.zerohedge.com/commodities/jpmorgan-bails-out-chinese-nickel-giant-facing-billions-losses-record-margin-call
✝️ Father | Husband | American Latino | Capitalist | Millennial Patriot | 🇺🇸🦅
"The combination of runaway inflation, pockets of distress and a short squeeze causing a surge in commodity prices all mean that the markets are now more vulnerable to the prospect of systemic stress on a scale not seen since the global financial crisis."
#TheGreatDefault
.
https://www.zerohedge.com/markets/markets-are-now-more-vulnerable-systemic-stress-scale-not-seen-global-financial-crisis
