18 All signs show a Bank meltdown happening all the way from the US to Europe to China. They are parasites who sucked too much out of the host and now they can’t suck anymore money out of humanity and have ginormous bills they cannot pay.They can’t print anymore dollars or else they’ll totally kill it (media.scored.co) posted 2 years ago by LightBringerFlex 2 years ago by LightBringerFlex +19 / -1 5 comments share 5 comments share save hide report block hide replies
It is Credit Suisse. It is now all over the place. They won't get overnight lending soon. If CB doesn't cover them, there'll be a cascading domino effect of losing confidence in interbank lending counterparties.
That means Liquidity will dry up.
That means also scarce collateral.
That means forced liquidations.
That means everything will drop, not just stock.
And no, cryptos won't save you.
All eyes now on OIS rates, CBs and swap lines.