John Stark
.44 mag
Here is the ongoing price of the default of Credit Suisse and the the buy out that was forced by the government.
www.zerohedge.com
Credit Suisse was Switzerland's 2nd biggest bank, and 45th in the world. Its a part of a trend of bank failures, and there are more ways than one to have a bank failure. Bailing out a bank to "save" it is worse than letting it fail, as the resultant inflation we keep seeing every time it happens proves that it destroys currency value. And yet, a large number of governments closely tied to US banks are doing just that, as our government has done here for several years and decades.
This is not tangential to the "liquidity" crisis in the US. Our government, banks, and financial institutions, along with the corporate monopolies and cartels, are tied up in the Swiss banks as much as they are in international banking all over the world. The ongoing financial warfare between the old guard, the Five Eyes (US, UK, Canada, Australia, New Zealand), the EU and the buffers states between it and Russia (Ukraine and other non-NATO countries who want in that border Russia), Japan, etc. versus the BRICS coalition that is steam rolling right now, which includes Russia and China, with other nations trading with them like India, many nations in the Middle East, Africa, and so on, has really tipped the apple cart.
The post-WuFlu economies all around the world were terribly strained before this latest round of economic warfare started, which began prior to 2019 and the slow rolling US bailout of big banks to the tune of $12 trillion and counting. Too bad so many nations saw Operation WuFlu as an opportunity to let their favored corporations reap billions and trillions while crushing the less favored segments and sectors of the economies with the one-sided lockdowns.
The financial war certainly has the potential to bring a very serious military conflict. Its going to ramp up for awhile in my estimation long before it ramps down. This is what we get when competition is smashed and the Big Boys left standing duke it out while the rest of us watch on almost powerless against the juggernaut.
ZeroHedge
ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero
www.zerohedge.com
Credit Suisse was Switzerland's 2nd biggest bank, and 45th in the world. Its a part of a trend of bank failures, and there are more ways than one to have a bank failure. Bailing out a bank to "save" it is worse than letting it fail, as the resultant inflation we keep seeing every time it happens proves that it destroys currency value. And yet, a large number of governments closely tied to US banks are doing just that, as our government has done here for several years and decades.
This is not tangential to the "liquidity" crisis in the US. Our government, banks, and financial institutions, along with the corporate monopolies and cartels, are tied up in the Swiss banks as much as they are in international banking all over the world. The ongoing financial warfare between the old guard, the Five Eyes (US, UK, Canada, Australia, New Zealand), the EU and the buffers states between it and Russia (Ukraine and other non-NATO countries who want in that border Russia), Japan, etc. versus the BRICS coalition that is steam rolling right now, which includes Russia and China, with other nations trading with them like India, many nations in the Middle East, Africa, and so on, has really tipped the apple cart.
The post-WuFlu economies all around the world were terribly strained before this latest round of economic warfare started, which began prior to 2019 and the slow rolling US bailout of big banks to the tune of $12 trillion and counting. Too bad so many nations saw Operation WuFlu as an opportunity to let their favored corporations reap billions and trillions while crushing the less favored segments and sectors of the economies with the one-sided lockdowns.
The financial war certainly has the potential to bring a very serious military conflict. Its going to ramp up for awhile in my estimation long before it ramps down. This is what we get when competition is smashed and the Big Boys left standing duke it out while the rest of us watch on almost powerless against the juggernaut.
