Post
Topic
Board Economics
Merits 2 from 1 user
Re: Take shelter, a storm is coming in October.
by
Lucius
on 03/10/2022, 14:11:43 UTC
⭐ Merited by stompix (2)
I will only say that there are so many problems that it is very easy to create a narrative that something very bad will happen, and I will say that nothing will have such devastating consequences as the use of nuclear weapons by Russia. Of course, we are not talking about strategic nuclear weapons here, but rather tactical ones that would be used to attack Ukrainian troops or destroy Kiev as an attempt to force Ukraine to surrender.

The US was very clear about this, which in translation would mean that NATO would retaliate without any hesitation with conventional weapons against all Russian targets in Ukraine, but possibly also against any target from which such weapons were fired, which would include Russian territory. I think that in that case we are talking about the beginning of the third world war, and that in that case collapse of big European bank or the Chinese rescue of the national currency looks quite harmless.



It reminds me of the zerohedge titles through the years:

Quote
The Elephant In The Room: Deutsche Bank's $75 Trillion In Derivatives Is 20 Times Greater Than German GDP
NY Fed Slams Deutsche Bank (And Its €55 Trillion In Derivatives): Accuses It Of "Significant Operational Risk"
Investigating Deutsche Bank’s €21 Trillion Derivative Casino In Wake Of Admission It Rigged Gold And Silver

Ten years later, DB is still there but it's going to die again, cause..  Grin  things

I read the article and one part is on the trail of what you wrote, and it seems that CS and DB are playing the role of a potential financial bomb whenever the conditions for it are created. Maybe this time is different, but I would like it to be in the style of the saying that is popular in my area "the hills shook, and a mouse was born".

Quote
“Since 2008, once a year Credit Suisse [and] once in [two] years Deutsche bank is about to default,” Chadha tweeted. “In Every correction – this speculation starts coming. In my little experience- A black swan event never announces itself.”