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Jim Willie CB: Numerous big SIFI banks are in bankruptcy, as this is my opinion they are Deutsche Bank, Credit Suisse, HSBC, and JPMorgue

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Sat, 30 Nov 19 4:08 AM | 15 view(s)
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by Jim Willie CB

Big systemically important banks could be in failure mode. A small group of big Western banks are in deep trouble. The officials might keep it all secret, working feverishly behind the curtains to patch their myriad holes with paper. These SIFI banks are likely major recipients of USFed overnight aid in the form of Repurchase (REPO) and Permanent Open Market Operations (POMO) activity, plus gigantic hidden funny money infusions. Beware the advent of chaos, with lost control. Possibly the main markets will remain tame under tight controls, while the precious metals prices zoom to multiples higher. Always keep in mind then when the POMO volume rises significantly, it means that QE has returned. When the volume is tremendous, it means that Infinite QE is here. Since Chairman Powell admitted in May that QE was a permanent feature with monetary policy, we must conclude that we are at the doorstep of Infinite QE Forever. Thus the Gold price will be required to double and the Silver price triple. All in time. It is written; it will be done.

THE SIFI ANGLE

LOT MORE,,,,,,,,,,,,

http://www.investmentwatchblog.com/jim-willie-cb-numerous-big-sifi-banks-are-in-bankruptcy-as-this-is-my-opinion-they-are-deutsche-bank-credit-suisse-hsbc-and-jpmorgue/




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Realist - Everybody in America is soft, and hates conflict. The cure for this, both in politics and social life, is the same -- hardihood. Give them raw truth.




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