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Bank runs are coming. We are witnessing financial collapse and possibly the early failure of the American empire. Futures trading was halted today. Market will
by allovernow 7y ago
Bank runs are coming. We are witnessing financial collapse and possibly the early failure of the American empire. Futures trading was halted today. Market will tank tomorrow. That's after a $1.5T stimulus. This is it.
- HenryKissinger 7y agoThis comment won't age well. No bank run is coming, and we are not witnessing financial collapse, nor the failure of the American empire.
- allovernow 7y agoThe fed had now pushed one $1.5T stimulus package and lowered rates to zero in an absolutely desperate attempt to prop up a market when the entire country is about to shut down - what are they propping up when no one is going to spend any money? Don't believe me? China. Iran. Italy. Spain. Austria. Multiple Nordic countries. Nationwide shutdown. Coming to a state near you. 300MM people just panicked at the same time, and the stores have been empty for two days. Imagine what's going to happen when they all discover fractional reserve banking.
- allovernow 7y agoJust documenting for the future: today the NYSE halted at least once and Dow dropped 13%. PA announced shutdown of all non essential businesses.