WHEN the too big to fail guys went down people with accounts at those firms would've started converting to physical cash (just the same way every bank run ends up) the derivatives market would've been a fire sale because the big guys would've needed to sell to cover and the FED would've had to print paper cash 24/7 and still not come close to meeting the demand.
But yeah I am sure that would not been but a small blip on the scope and Europe would've yawned and then everyone would go get ice cream.
We are not talking about the stock market dropping in prices. We are talking about a digital run on the banks. Contrary to popular belief even with bank accounts everyone can't sell/cashout at the same time, well OK they can but when they do its called an economic collapse and you end up with pennies on the dollar if you are lucky and a crushed currency and a world wide depression.
What is really amazing now there is even a move by Alex Jones and company to rewrite the history and claim it really didn't happen it was all just a minor glitch in accounting and that it was all manipulated to win an election.
But he that Kim K looks good in a bikini sooo
Ya know...
So you have gobbled that bankster propaganda right down. I have many friends and contacts in finance/capital markets,and not a single one believes your version of events, which gives such credit and undeserved glory to the state. It’s entirely for the retail schlubs who watch CNBC and worriedly call their brokers when the market goes down...
And yes, the Fed would start printing, but they wouldn’t be able to print fast enough to fill the hole.
We are in a worldwide depression, papered over with printed money to generate a simulacrum of prosperity. The stock market has gone up since 2008 (as in the 20th century) because of massive state intervention in the economy. Look at the market indices prior to 1914- over the previous 30 years there was almost no price gain. Such is the nature of the market in a regime of true free enterprise. The stock market has gained as economic liberty has waned.