IT'S GAME ON - GET YOUR MONEY OUT OF THE BANKS BY HARRY VOX
(www.bitchute.com)
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EU banks and regulators are "fuming" at Fed SVB / SBNY bail-out:
https://12ft.io/proxy?q=https%3A%2F%2Fwww.ft.com%2Fcontent%2F5e4a8dde-c053-4510-8cd9-8aecb9082a6e
Why?
EU does not have enough oomph to bail out all bad EU banks. They were counting on "bail-ins" (i.e. depositors not getting their money back).
Feds now broke this playbook by bailing out SVB and SBNY.
So, EU knows that now the deposit escape will start from EU (bail-ins) to US (bail-outs).
Money goes where it is "protected", even it's fake protection.
You read it here first, the clock has started ticking.... Credit Suisse first, then German, French, Italian and Spanish banks.
Credit suisse has it's head office in Zurich and started out as a construction to fund Swiss railroads. That was a long time ago. now it's owned by blackrock, the national bank of Saudi-arabia oman and a bunch of non Swiss entities.
Also Switzerland isn't an EU member, ECB has nothing to say about anything Credit suisse. I don't know why but the Swiss central bank just bailed them out.
You misread what I wrote. Credit Suisse is a non-EU swiss bank, but it is G-SIFI in Europe and once the US deposit insurance goes to infinity, and the cracks in European banks start, the deposits will escape to US.
I am well aware Switzerland is not part of EU and CS is not an EU bank.
The EU banks are at stake here. CS is just a play.