An ex Central Bank guy in my neighborhood just shared this info to me. With the Trillions of Dollars,Euros and whatever else Currency spent on Covid recovering funds i've silently had my doubts about the stability of not only the Banks but the Paper (Fiat) money in general. How long will it take until it's just paper and nothing else ? It happened before.
Are Banks safe ?
I don't watch robot voice videos but I'd personally be more worried about the banks going tits up than them stealing all your money. It seems they are overleveraged.
Here's some random facts that may or may not be correlated. Do with it what you will.
1. The mortgage forbearance expires on June 30.
2. Overnight reverse repurchase agreements are snowballing and are all time high. On Friday it was $747.121 billion. A week earlier it was $547.808 billion. Next week it'll probably pass $1 trillion.
3. $715 billion reverse repo must be repaid to Fed by June 25.
4. In the past 30 days:
- Citigroup -11.27%
- JPMorgan Chase -8.03%
- Wells Fargo -8.70%
- Bank of America -7.38%
- Goldman Sachs -3.04%
Here's some random facts that may or may not be correlated. Do with it what you will.
1. The mortgage forbearance expires on June 30.
2. Overnight reverse repurchase agreements are snowballing and are all time high. On Friday it was $747.121 billion. A week earlier it was $547.808 billion. Next week it'll probably pass $1 trillion.
3. $715 billion reverse repo must be repaid to Fed by June 25.
4. In the past 30 days:
- Citigroup -11.27%
- JPMorgan Chase -8.03%
- Wells Fargo -8.70%
- Bank of America -7.38%
- Goldman Sachs -3.04%
The writing seams to be on the Wall. Seems we're inching closer to BOOM's Day.
Acleda Bank seems to be a active part of those that are getting paranoid
================================================
Business
June 21, 2021
Mass flood of ACLEDA selling rocked CSX index last week
https://www.khmertimeskh.com/50878176/m ... last-week/
Meanwhile on the same News Day in Europe and the US
====================================
Business
June 21, 2021
Dow falls to end worst week since October as European stocks tumble
https://www.khmertimeskh.com/50878254/d ... ks-tumble/
Bitcoin
Many Americans seem to put most of their eggs in this Basket. Good luck with that. While a few month ago "Experts", many Bankers/Brokers among them claimed that the trajectory of Bitcoin and alikes can reach the 300.000 USD mark at the end of 2021 we're now seeing a nosedive life on: https://finnhub.io/ at around 32.000 USD which is still waaay too high. Does even anybody understand Bitcoin and the Technology behind it. And who will you contact in case there is a dispute ?
Acleda Bank seems to be a active part of those that are getting paranoid
================================================
Business
June 21, 2021
Mass flood of ACLEDA selling rocked CSX index last week
https://www.khmertimeskh.com/50878176/m ... last-week/
Meanwhile on the same News Day in Europe and the US
====================================
Business
June 21, 2021
Dow falls to end worst week since October as European stocks tumble
https://www.khmertimeskh.com/50878254/d ... ks-tumble/
Bitcoin
Many Americans seem to put most of their eggs in this Basket. Good luck with that. While a few month ago "Experts", many Bankers/Brokers among them claimed that the trajectory of Bitcoin and alikes can reach the 300.000 USD mark at the end of 2021 we're now seeing a nosedive life on: https://finnhub.io/ at around 32.000 USD which is still waaay too high. Does even anybody understand Bitcoin and the Technology behind it. And who will you contact in case there is a dispute ?
https://www.reuters.com/article/usa-cou ... SLUN2IR008The justices upheld part of a lower court ruling that the Federal Housing Finance Agency’s structure is unconstitutional under the separation of powers doctrine because the agency’s lone director is insufficiently accountable to the president.
But the justices faulted the lower court for allowing the shareholders to pursue separate litigation challenging a 2012 agreement between the FHFA and the Treasury Department arising from the government’s rescue of the mortgage finance firms following the 2008 housing crisis.
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