The great debt crash

[biglentil]

Why? Trudeau has clearly stated he wants Canada to be the first national state. (State of the UN of course.). He wants Total communism.

One WHO✔️50%
One World FoodBank
One World Bank
One world currency
One world Govt
One world Court
One world internet
One world Law
One world ID system
One world storage system for seed stock not GM ✔️
UN ownership of land and natural resources
15 minute city Centres for ordinary Joe’s
One world guaranteed income.
World Massive Depopulation.
One world communication language
One transportation system.



But the PM has to break a sovereign nations back before he can make them comply and beg.

Also a One world luciferian religion. Have a look into the history of the UN bank Lucis Trust. Explains alot.

[errolanderson]

Fed rate hike policy is now in-shambles. Oh, how the cookie crumbles . . . .

[biglentil]

Fed rate hike policy is now in-shambles. Oh, how the cookie crumbles . . . .

A pivot would be very good for commodities, but I dont expect it. The controlled demolition is far from complete. The next financial system based on CBDC's is ready to go.

[LEP]

I wonder what the liability will be for the Auditors of both banks?

I understand they had fresh audited statements come out just a few days before the collapse.

Shows the value of statements in that fast paced business.

I see Canadian regulators are going to daily inspections of internal statements of Chartered Banks.

[errolanderson]

Debt crisis dominos: Bank fallout, just beginning . . . now oil crash . . . next shoe to drop (IMO) . . . commercial real estate.

[Landdownunder]

blinding freddy can see oils on shaky ground , real estate fall out seems to vary country to country

[TOM4CWB]

blinding freddy can see oils on shaky ground , real estate fall out seems to vary country to country

Credit Suisse new lows… down as much as 25% this morning to 1.68… Saudi S said they would not put any more money in as at more than 10% equity big regulatory issues…

The Fed has broken things… 2 month interest down to 4% … was well over 5% a week ago….

Oil WTI down to $70/bbl this morning… canola still dropping… CDN $ dropping this morning…

Interesting times!!!

Cheers

[Old Cowzilla]

I'm sure if the canola market or cattle market crashes all these government regulators will race in and bail us out too*********** P.S. cattle market was still hot yesterday in town from what we saw.

[errolanderson]

Multiple European bank stocks have halted trading.

Thankfully, Cdn banks aren’t involved in any of this mess (according to Bloomberg). Har!

[jazz]

World govts printed up $30T to save us from an invisible bug that turned out to be a cold. You think they are going to let banks fail.

A few will, just like in 2008, but massive bailouts are in the planning and a halt to all interest rate increases, with QE around the corner.

Mass insolvency or inflation, pick your poison. One of them involves a pretty angry populace overrunning the system.

[recapped]

Hey, Gold is up $21 to $1925

[AlbertaFarmer5]

World govts printed up $30T to save us from an invisible bug that turned out to be a cold. You think they are going to let banks fail.

A few will, just like in 2008, but massive bailouts are in the planning and a halt to all interest rate increases, with QE around the corner.

Mass insolvency or inflation, pick your poison. One of them involves a pretty angry populace overrunning the system.

Unless we think this is the time they are going to finally quit kicking the can, and let it all crash and burn, then it is safe to assume that this brief adventure into sound monetary policy is already over, and we will be back to the regularly scheduled program of QE, artificially low interest rates, helicopter money, bailouts etc.

As Jazz points out, one way results in angry mobs immediately, the other is a slow boil which the populace will tolerate, and even get governments reelected.