currency, debt, reality, fantasy

Will the derivative market and CRE be the catalyst for the next even Greater Depression?

By X15 | Gold Silver Fiat & Crypto | 8 Jan 2024


Have you looked at the world around you in the banking and commercial real estate business? Have you looked at the USA finances?

Debt is king.

Corporations who bought bonds at 1% or so are losing billions. To cash those bonds in means huge losses.

Home owners who bought their homes at 2% or so are not going refinance their homes at the current rates.

Banks are short on cash and are tighten their credit and improving their liquidity as they are in real danger of collapse. As their derivative positions are perilous.

The stock market is held up by the 7 stocks and everything else is not profitable in comparison to those 7 stocks pushing the market up. 

Of course the commercial real estate is collapsing in many major cities in America. 

People are living beyond their means are pushing themselves further in debt.

Debt is king. But wait! Isn't debt a liability? 

Derivatives in the world cannot have a total amount put on them because nobody knows how much is actually invested in derivatives. Yet estimate have put it at quad-trillions of dollars. That kind of money does not exist. The banks and investors are playing monopoly with peoples lives. If the derivatives are called in, if you don't own your home or car or boat with the title in your hand. You may have to come up with the cash to pay it off or it could be repossessed. 

If you cannot make your car payment you lose it. Also true of financial products. Banks are a failed industry.

This debt based modern monetary system of banking has failed, the US Corporation has failed, many Wall Street Banks are insolvent. 

Did you know  that the US treasury values gold at  $42.222 per troy ounce. *

Gold is valued by the government at $42.222 and it sells on the open market at the moment at $2,000+ dollars.

Um, What is wrong with this picture?

*fiscal.treasury.gov/reports-statements/gold-report Status Report of U.S. Government Gold Reserve - Fiscal Service Jun 11, 2021 — The book value of gold is currently $42.2222 per troy ounce.

 

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X15
X15

I'm just curious about a lot of things.


Gold Silver Fiat & Crypto
Gold Silver Fiat & Crypto

Just rambling about any of the above or all at the same time or nothing at all.

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