Is this why gold was up almost 4% today? If this is true then what are the political implications?https://x.com/dariocpx/status/1980471635007402303
>inb4 niggers discreetly tongue my anus behind your local participating Cracker Barrel restaurant
>>519423011>Is this why gold was up almost 4% today? If this is true then what are the political implications?I'm not sure what's going on, yet gold rising is the canary in the mine and it's dead.
>>519423011If there is no liquidity in PC it means a lot of loans have gone bad. In scale its nowhere as bad as 2008 but concentrated in American markets and very hard for the Fed to fire bazookas full of money at because the whole point is that its shadow banking stuff with zero transparency.
what is private credit
>>519423264take flag off, mutt
>>519423248Crypto margin catching up from that mass dump ten days ago?
>>519423011Better to be three hours early than one minute late.Hope you guys have enough silver.
>>519423011When you raise the interest rates, money piles into bonds instead of bank held interest earning accounts and the banks go belly up
>>519423011Private credit is a profoundly stupid business to be in.Every business that seeks it out has maxed out their line of credit wherever they do their banking.If you lend to that company in the private market and it goes bankrupt, your claim on their assets is behind the bank(s).You recoup nothing.
>>519423264Traditionally it was loans from people like pension funds and insurers. But since 2008 its grown because it basically lets your run a bank without having to meet any annoying capital requirements or overly assess your clients ability to repay the money. You can also do far more cheesier mafia style things like if they can't repay, you start taking equity out of their company and everyone pretends together all is fine for investors.And now the private credit market is illiquid. This means a lot of the loans they made are failing.
>>519423779>Every business that seeks it out has maxed out their line of credit wherever they do their banking.No not awlays, some time a busness will seek it out because you get the money alot faste then at a bank, and you would do this durng boom times were fast capital could equal huge profits. Which is the point of the article, that if private credit has stopped lending then that mean companies aren't trying to get in on a growing market
>>519423264ssb, fsb, sec rule 144, judeomasonic attorneys, negotiable instruments fraud, fictitious persons, etc etc etc
>>519424067That almost never happens, not with pure credit.Any lender involved would want an equity component. That completely changes things.
>>519423011The Fed held baseline interest rates near 0% for nearly 15 years. We're witnessing the early stages of the inevitable mother-of-all credit crunches. The rash of bank failures about 18+ months ago (SVB, Silvergate, First Republic) were the very first symptoms.
>>519424467Sometimes I wonder about all these gigamax super mega duty premium edition pavement princess trucks that have a monthly mortgage size payment each month and how fucked it would be if people start falling behind that’s 2008-2009 all over again but for retardio auto financing
>>519423525I have beef and cattle. And soon all of your silver and gold.
>>519423264non-public credit
>>519423737...again.
>>519424467Tell the whole story. They bounced between 0 and 2.5 for nearly 30 years.
what does this mean for my GME stocks?
>>519423526right onlet it burnit'll be a firesale lolcan't wait to scoop up cheap index fund shares
>>519425535After you, my liege. Let's see your best trvth nvke
>>519424843When the rubber meets the road (kek) and these subprime auto loans start hitting the repo market, you'll see the dealerships still flogging these overpriced behemoths take devastating losses on their (now diluted and still unaffordable) inventory.
>>519424987>beef and cattleWhoa, do you also have steaks and steers? How about burgers and bovine? Any brisket and livestock?
>>519426126You know the rest of the story already; that's the only part you left out.Government doesn't literally print paper money.It issues debt, and then forgives that debt in time of emergency. If no one has to pay the debt it's pure QE, but regular sovereign debt is still money injected into the economy.Depressing interest rates is the same thing.It's not 1:1, but keeping rates low increases the velocity of money and encourages money to be withdraw from demand deposits and spent and invested.They had every valve open for like 30 years, to the greatest extent they could get away, and over that period alone, they devalued the dollar by 60%. And that's if you trust official figures like CPI.
>>519425575Is that still a meme? Didn't GME dump 6 gorillion shares on you guys? Don't worry, brick and mortar video game stores will be the first to survive the impending global financial collapse
>>519424987Keep it, you’re selling it to chinks cheaper than you are to Americans. I eat lamb instead now.
There was news about three private banks (first brands group in the US, UBS in suisse and a third one) going bankrupt in short succesion last week, because much of their financing came from debt. The newsguy immediate response was 'ack' and now they're trying to play off that nothing happened while sorta priming people that this might be big.
>>519426758Trvth nvke detected. The Fed's primary purpose is to facilitate wealth transfer via debasement and then mask the symptoms by inflating economic bubbles. The Fed has spent decades forestalling the hangover of wanton federal spending, but sobering up is too painful (deflation) so the Fed simply keeps drinking more booze (inflation).
>>519427197Fiat currency isn't as satanic as everyone around here seems to think. One thing's for sure, it punishes people who hoard it and incentivizes it to be put to use.But the level the US has gotten to with it is insane.We are all but forcing foreign nations to use the dollar at gunpoint at this point.
>>519427051Big if true, UBS going tits-up would make the AIG meltdown look like kindergarten playtime. And a lot tougher to bail out too lol
>>519427407The individuals who control the issue of fiat currency, printed a bunch and handed it to Epstein, who used it to fuck little girls.The individuals who control the issue of fiat currency make you dance like a puppet for bullshit jobs.Fiat currency is made up out of nothing. Money is created from nothing. So what's the point of taxation? Interest? The "debt bubble"?
because loans, debt, are all scam and fake economy, fake progress, you're now finding out that taking money from future is not going to workthats what you get when you let niggers, useless people get loans huge debts for luxury items, houses, cars, fuck your jewish money
>>519428060Taxation under fiat is 10% balancing the equation, 90% government you know you are it's bitch and you have to follow its rules.And like I said, the level it's gotten to is insane. And yes, often criminal.
>>519426877Lamb is for Kings
>>519425535>They bounced between 0 and 2.5 for nearly 30 years.No they didn't. You must be over 18 to post here.It started after the sub prime crisis, the high variable rate loans to nignogs is what reversed the high interest rate trend, because the housing market collapsed and banks were eating shit and needed to dump.2010-2017, 7 years
>>519429077You're right, I made it up!
I have a mortgage coming up for renewal. Do I sign early or hold out for better rates?
