When A Simple Question Becomes Too Complicated To Answer
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Forget Moore and focus on the fact a banker could not even explain what a derivative is. What could go wrong with that?
DERIVATIVE, adjective - "secondary".
ONE adhering to self sustenance within ALL represents primary (reality); ONE ignoring the above; while believing the offers of another ONE represents secondary (fiction).
Well, I certainly hope you are not exposed to the MBS bond market right now.
Chase just announced to sell 13B of a 31 year security. That's the exact same age of the MBS bond market, created 31 years ago.
BoA just announced to sell 15B of asset bonds. Mortgages to banks are assets.
Both are already over leveraged with derivatives.
Five big bank CEO's are meeting House/ Senate banking committees on May 26th and 27th, just a few days before the moratorium expires.
I called an MBS bond market crash this past Wednesday.
Millions upon millions of mortgages are in legal default because of the moratorium sanctioned by the government, which had no legal standing to do so.
Courts are reopening and am more than sure mortgage companies already have foreclosure filings crafted and ready when the moratorium expires.
Good luck with your trading!
The only way to stop the tsunami of foreclosures is indeed debt forgiveness. It is feasible that we go from forbearance to forgiveness. Debt forgiveness for a CBDC UBI directly into digital wallets. Hence the WEF's slogan You'll own nothing and be happy.
That would definitely avert an economic collapse.
So grateful I, nor my family are exposed to any mortgages!
I have to presume the same modus operandi would apply to car notes in default.
You are correct.
You are a smart human.
No; it's the opposite...comprehension that ONEs free will of choice to evaluate ALL represents the highest value in existence. All deception aims at tricking the many to ignore their potential, which represents the only way the few can control the many.