Posted on 11/27/2023 7:20:10 PM PST by davikkm
There was a repo desk disaster that occurred in 2019 right before the covid bullsh*t happened.
Covid was actually a 2008 style bailout that was disguised as a fake and gay pandemic. The usual suspects are now openly talking about it in the (((wall street journal))) in response to the ICBC “hack” that rattled the Treasury market a few weeks ago.
archive.is/HpFBC
>This spike was different. When one firm can’t deliver promised cash or securities, the party on the other side of that transaction then doesn’t have them to pass on to its own trading partners. That can cascade quickly. Some said the impact of the ICBC hack, despite its relatively small footprint, suggests latent fragility in repo markets.
>“What seems to have happened is a daisy-chain fail effect,” said Joseph Wang, chief investment officer at Monetary Macro and a former senior trader at the New York Fed. “If this happened to a larger player, the impact would be much bigger.”
(Excerpt) Read more at citizenwatchreport.com ...
And it all really got rolling under
George W Bush
Good friend of Bill Clinton and
Manchurian Candidate Barack Hussein Obama
🤔🤔🤔
And the pay out was under Trump. God save America.
Good analysis however, the Wall Street common profanities take away from the article.
The part that is a headscratcher is the imminent
cyberattack taking down the internet and the author’s take on financial safety.
“Look for bitcoin to go over 100k at that time.”
Hunh? And find your bitcoin where? if the net goes down?
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