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Title: Credit Suisse Craters To Record Low After Revealing Staggering $88 Billion Bank Run
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URL Source: https://www.zerohedge.com/markets/c ... staggering-88-billion-bank-run
Published: Nov 23, 2022
Author: Tyler Durden
Post Date: 2022-11-23 10:59:20 by Horse
Keywords: None
Views: 159
Comments: 6
FTX was hit with record bank run, and filed for bankruptcy in days, with no central bank to bail it out.... Credit Suisse hit with record bank run, and both the SNB and Fed rushed to bail it out. Poster Comment: SEE IMAGE. Bank runs might start in Europe but they will hit America. In 1931 on May 11 the Rothschild owned Credit Anstalt bank in Vienna Failed. It took awhile but American banks failed. We have 2 quadrillion dollars in derivatives so it won't take long for the dollar to go which is why the FED is printing money for Swiss bankers. 
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#1. To: Horse (#0)
An observation: Economies require a currency in order to operate, and in order to be deemed to have "failed" the value of a currency has to be value compared to some other currency, not just commodities. Even in times of great economic upheaval, economies will always continue operating with some amount of commerce. After all, during the 1930's depression with some 25% unemployment, there was still 75% employed. And any economy that is even limping along requires a functioning currency. So... A) If the dollar collapses, then against what other currency will it be apparent it has collapsed? Because if the dollar "collapses", probably every other major fiat will collapse as well obfuscating the dollar "collapse". And B) If it collapses, what other currency will the US industrial, commercial and retail economies start using? When it happened in other countries, people turned to the US dollar. So what will Americans turn to? If there is nothing else to turn to, people will continue to use dollars, which will give the dollar value. Has the world ever experienced the collapse of a currency that stood as the World Reserve Currency? Not saying it can't happen, but if/when it does, it pretty much has to be in a manner that has never been witnessed before.
It will collapse against gold. It will collapse against the ruble. The US is attacking other western currencies in that basket. US does not include the ruble and the yuan in their basket.
That just might be good for them. ;)
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Top • Page Up • Full Thread • Page Down • Bottom/Latest...so it won't take long for the dollar to go which is why the FED is printing money for Swiss bankers. (1 image)
#2. To: Pinguinite (#1)
#3. To: Horse (#2)
does not include Ruble and Yuan in their basket.
Replies to Comment # 3.