Financial Armageddon!!

[chook]

This will spread faster than covid in 2020. The WEF are engineering the great reset. Most of the WEF members are in banking and fund management

Is there a vaccine that will fix this??

JACINDA??

[chook]

Bank runs across California.
Mainly at First Republic

Fishing in a dinghy 200 meters off shore at Whananaki catching snapper & Trevelly, magic spot..

Lovely day suns shining , no wind ...what could possibly go wrong..

Please keep calm and a sense of humor in these times.

[chook]

History will teach us nothing it appears. 1929 great depression bank run..
Same thing will happen Monday morning (tomorrow) in US.

[Jeffa]

History will teach us nothing it appears. 1929 great depression bank run..
Same thing will happen Monday morning (tomorrow) in US.

8.30 am Monday morning:

"Don't worry everything is fine"

3pm.

"Everything is not fine! we have no more deposits or cash and our chief financial officer has called in sick"

[chook]

8.30 am Monday morning:

"Don't worry everything is fine"

3pm.

"Everything is not fine! we have no more deposits or cash and our chief financial officer has called in sick"

Tuesday 10am; It is with deep regret we found the chief financial officer hanging from his backyard apple tree.

[chook]

This is what will dictate happens to the banks, not what Bidenstein says

[Jeffa]

https://www-foxnews-com.cdn.ampproje...ank-run-report
Arizona Sen. Mark Kelly reportedly calls for censoring social media companies to prevent bank run; he denies

[donna]

Biden calls for calm - that all deposits are guaranteed- I.e you’ll get your money back when you need it so leave it where it is.

Investors - Biden says - tough luck you took the risk and have to live with it. That’s NZ Rocket Lab’s $45m down the gurgler.

This was on Reuters earlier today.

cheers

Donna

[McDuck]

The fed right now. In between inflation and liquidity. ha.

[chook]

I thought they said this thing was contained (Hilarious laughter) I understand panic at credit Suisse

[Jeffa]

I thought they said this thing was contained (Hilarious laughter) I understand panic at credit Suisse

Contained?!? Hahaha!! Its only just started!!! Hahaha hahaha hahaha!!!!

[chook]

I thought they said this thing was contained (Hilarious laughter) I understand panic at credit Suisse

Calmly ... GET YOUR MONEY OUT OF THE BANKS!!!!!

Remember cash is KING

[chook]

Its not just the banks in crisis..

[Perry]

What does "subprime" mean in that context? Second-hand?

[Jeffa]

What does "subprime" mean in that context? Second-hand?

Bad credit loans, think Resimac or Bluestone non bank finance lenders which have higher interest rates.