Guys, I am surprised you didn‘t figure out why it is those „surprisingly exact 54 Billion USD“.... The Swiss Central bank spokesman said „up to 50 Billion“, but obviously, he was talking in Swiss Francs, and with the current conversion rate, that ends up in those „oddly specific 54 Billion USD“.
I have a question regarding what can be kept safely in banks. I bank in Europe where the deposit insurance is at €100K limit. I never keep more than the €100K as cash. The rest I park in index fund. If - God forbid - my bank runs into trouble. How will my index fund holdings be treated?
Very interesting that he is bearish on short term treasuries in 2023. Understand he has some sort of counterweight to his bet (or enough money that it’s just worth the publicity) but has his stance on this made you think throwing everything in treasuries is too risky rn
One thing is not clear to me. In the text you wrote that CS is an investment bank, and then in the text you explained how banks create money through deposits and loans. Isn't the main task of an investment bank to provide services and raise money, and not to collect deposits and approve loans?
Can't believe people still aren't noticing anything. One of the biggest events in recent history and no one's talking about it.
Guys, I am surprised you didn‘t figure out why it is those „surprisingly exact 54 Billion USD“.... The Swiss Central bank spokesman said „up to 50 Billion“, but obviously, he was talking in Swiss Francs, and with the current conversion rate, that ends up in those „oddly specific 54 Billion USD“.
$BTC Fly me to the moon
I have a question regarding what can be kept safely in banks. I bank in Europe where the deposit insurance is at €100K limit. I never keep more than the €100K as cash. The rest I park in index fund. If - God forbid - my bank runs into trouble. How will my index fund holdings be treated?
Jungle, anyone familiar with infinite banking/bank on yourself whole life policies. Are those at risk as well? Asking for a friend....
I really appreciate this Bull but btw I’m a paid subscriber but not for so long or I don’t really understand all this very good
>If you’re a paid subscriber you already know what we’d be doing
I don’t understand this. I saw my bank is a partner to CS even though I live in balkans.
What do you recommend I should do?
I don't have a twitter, occasionally open to see what's going on; just found your account and subbed, looks promising.
I still need to read everything but looks like everything is falling apart rn, tldr?
Very interesting that he is bearish on short term treasuries in 2023. Understand he has some sort of counterweight to his bet (or enough money that it’s just worth the publicity) but has his stance on this made you think throwing everything in treasuries is too risky rn
https://twitter.com/balajis/status/1636822077775941633?s=46&t=h_KKKiWNcEKK3kjRAG-Vjw
One thing is not clear to me. In the text you wrote that CS is an investment bank, and then in the text you explained how banks create money through deposits and loans. Isn't the main task of an investment bank to provide services and raise money, and not to collect deposits and approve loans?
Many thanks.
The note about Zero Hedge you made in this article. Also unironic their article about Nigerian CBDC came out shortly after the CBDC update on BTB. Article: https://www.zerohedge.com/personal-finance/worlds-largest-cbdc-trial-preview-elites-cashless-vision-you