MikeCristo8
@MikeCristo8
America would be great again if they deflated the $35 trillion bond market and let the stocks crash.
“zerohedge
@zerohedge
To recap, here are the crises discussed so far:
Housing crisis
Cost of living crisis
Border crisis
Childcare crisis
Middle east crisis
… so 4 more years?”
Saudi Arabia has silently indicated they are likely selling their oil in gold.
“VBL’s Ghost
@Sorenthek
Saudi Minister Warns of $50 Oil as OPEC+ Members Flout Production Curbs (WSJ)
Kingdom called out members for overproducing, in what was seen as a veiled threat of a price war
Prince Abdulaziz bin Salman, Saudi Arabia’s oil minister.
The Saudi oil minister has said that prices could drop to as low as $50 per barrel if so-called cheaters within OPEC+ don’t stick to agreed-upon production limits, according to delegates in the cartel.
The statements were interpreted by other producers as a veiled threat from the kingdom that it is willing to launch a price war to keep its market share if other countries don’t abide by the group’s agreements, they said.
(EDIT- The negotiation for bigger market share by smaller members begins)”
Basel III and SOFR
“Shadow of Ezra
@ShadowofEzra
Thousands of Bank of America customers are facing widespread outages, with many locked out of their accounts.
Those who manage to log in are shocked to find their balances at zero, though their debts remain visible.
Bank of America’s customer support has acknowledged the issue, calling it a glitch they are working to resolve.”
Bank of America outage; remember when I told you the elites don’t have any gold to penetrate the BRICS financial system.
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Banks will collapse now.
Bank of America: the crisis unfolds.
Under Basel III the big banks actually have no collateral on their balance sheet to hedge against their risky bets (liabilities).
All their liabilities will be proven to be worthless.
Banks collapse.
Bank of America probably makes a major announcement by Friday.
“We’re insolvent.“
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Source(s):
https://x.com/MikeCristo8/status/1841304200636195307
https://x.com/MikeCristo8/status/1841498034569679294
https://x.com/MikeCristo8/status/1841557673038512177
https://x.com/MikeCristo8/status/1841576435598995488
https://x.com/MikeCristo8/status/1841592054499115399
https://x.com/MikeCristo8/status/1841600399180235148
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