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Re: THen we have CITI group just saying this isnt a financial crisis. Might want to send the feds a memo LOL

By: capt_nemo in POPE 5 | Recommend this post (0)
Thu, 12 Mar 20 12:51 AM | 26 view(s)
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Msg. 55099 of 62138
(This msg. is a reply to 55090 by Decomposed)

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EXACTLY DE!!!!!!!!!!!!!

derivatives are backed by nothing!!! Funny money for sure......




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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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Re: THen we have CITI group just saying this isnt a financial crisis. Might want to send the feds a memo LOL
By: Decomposed
in POPE 5
Wed, 11 Mar 20 11:50 PM
Msg. 55090 of 62138

Nemo:

Re: "THen we have CITI group just saying this isnt a financial crisis. Might want to send the feds a memo LOL"
If you are at all familiar with how derivatives work, you know that you can't have a stock market drop of the magnitude we've just experienced without some serious repercussions. I anticipate at least one major bank failure in the European Union, and the possibility of one in the United States as well. When that happens, bank representatives won't be issuing statements anymore claiming that this isn't a financial crisis.


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