The topline story from the announcement by JPMorgan Chase [SEE HERE] there are no banking rules/laws in the Biden Fed/Treasury system.
The Dodd-Frank laws are still on the books, but the FDIC decision to insure all deposits, regardless of size, now means those laws, rules and regulations are not required to be followed. Additionally, as a result of JPMorgan gaining another $100+/- billion in deposit assets, the law(s) surrounding the 10% U.S. deposit maximum, within too big to fail banks, no longer exists. Noted in the announcement, “JPMorgan Chase is assuming all deposits – insured and uninsured.”
JPMorgan is also assuming assets consisting of $173 billion in loans and approximately $30 billion in securities. The FDIC is going to assume risk (with a risk sharing agreement) for current First Republic Bank mortgage and commercial loans acquired by JPMorgan, guaranteeing JPMorgan a 5-year fed fixed rate on $50 billion in mortgage bonds.
The Federal Deposit Insurance Corporation (FDIC) rule requiring the holding of 1.5% of deposits for all depositors up to $250k in all institutions is now essentially moot. If the FDIC is guaranteeing all deposits, there’s no way for the insurance corporation to capture or hold $1.5% of all banking deposits. The law is in conflict with the outcome action of the Fed/Treasury and ultimately the FDIC, ergo the law is nulled by the ignoring of it.
Mohamed El-Erian gives his take below, but seemingly missed the part of the announcement where JPMorgan states, “no systemic risk exception was required” in the deal. This means the FDIC is completely free-range with the agreement, they are not even trying to justify why they would make a too big to fail bank even bigger. WATCH:
.
The only reason the FDIC violated its own rules and banking regulations, was because the FDIC didn’t, likely -almost certainly- couldn’t, take the financial hit from a full takeover of First Republic Bank against the backdrop of the prior terms for Silicon Valley Bank (SVB).
When the FDIC made the (SVB) decision to guarantee all deposits regardless of size, they put themselves in a position of an insurance declaration they could never fulfill. The FDIC cannot structurally guarantee all of the First Republic Bank (FRB) deposits; they need a structure to avoid the government regulators absorbing the bank. This reality is also why the FDIC violated their own laws, rules and regulations in allowing JPM to exceed the legal U.S. deposits maximum.
In essence, what the FDIC is saying is they cannot maintain the premise of their charter without the big banks helping them. The biggest banks now control all of the leverage, with JPMorgan Chase and Jamie Dimon now controlling more financial power than the government that is supposed to regulate them.
FUBAR… All of it. Everything Biden touches turns to shit.
This is going to be a major hot mess now for Main Street investment and borrowing needs. The economy is going to feel the ramifications of this in less financing available to maintain domestic investment.
Last point. Look at the big picture, there’s no intervention protocol the legislative branch can trigger as a security against the reckless decisions of the FDIC (Fed and Treasury), without creating even bigger issues that could collapse the banking system. If the legislative branch forced the FDIC to follow the laws currently on the books, the domino of banks starts to collapse.
I think this may have something to do with all the overseas dollars that are coming back to the United States. Now that petroleum can be purchased without US dollars, the demand for them will decrease. Once they come back, inflation will spike and cause the whole house to crumble — unless they are backstopped by one of two things: military spending on a hot war or the compilation of the US citizen’s deposits.
Big fish eats little fish and makes “bank”.
Brilliant!
Last point. Look at the big picture, there’s no intervention protocol the legislative branch can trigger as a security against the reckless decisions of the FDIC (Fed and Treasury), without creating even bigger issues that could collapse the banking system. If the legislative branch forced the FDIC to follow the laws currently on the books, the domino of banks starts to collapse.
So when the Republicans do something it all collapses by design with FEDNOW to step in and save us all while the Democrats howl.
or
It is simply set now to collapse taking everything down.
your last sentence….maybe this is only way TO STOP stop zelensky to drag US to war with Russia.. he work extremely hard on that.
Try it in English bot.
I agree with you. They are only slow rolling the inevitable. This article is telling us our money is no longer insured. What are we to do with our worthless money in the worthless bank?
Slow rolling their plan indeed.
What can we do with our money? Prepare now by establishing your relationship with God (if you have not, yet), and as much as possible and buy food, water, medicine, etc with the money you have available. Consider how to defend yourself and prepare accordingly as well. Build a network of trusted people to support you while you support them, don’t wait. Talk, plan, prepare.
Take it out and buy something fungible like gold, silver or lead.
did you mean tangible?
BOTH TERMS
Fungible – Returnable or negotiable in kind or by substitution,
Tangible – Discernible by the touch; palpable
Fungible means to buy something that can be used to barter or trade or exchange easily and quickly. It could be gold or silver, it could be Sugar, Tea, Food, fuel, eggs, Milk…
Don’t forget those two potentially quite valuable commodities: cigarettes & booze.
Toilet paper and ammo too! And shampoo. Gotta have good hair
IF i GET To THOSE commodities – ” stuff ” IS TENSE
When i Stepped out of the Hanger to Smoke or the ” guys ” saw me Drinking Later –
My Shop KNEW to Tread Lightly, my Compassion / Tolerance WAS LOW on STUPIDITY -> ” MY IRISH Was OUT in FULL VIEW “
Whiskey.
Think: BARTER SYSTEM
…as long as we ( and ‘they’) accept the current currency
and
use a common value system for goods and services, it works.
‘It’s a wonderful life’ movie shows what happens when there are doubts amongst people …
[ … and it’s happened in real life, too. And, it was not good – for most people…]
No guarantees of any civility or universal code of commerce or conduct if things devolve into that state of condition. You may think a a gallon of fuel is worth a dozen eggs but someone more desperate and willing to trade two gallons for a dozen eggs will change the “rules” on a daily (hourly?) basis. Uncharted territory.
“common value system”is a bag of potatoe chips is $4, We are hard pressed to find much in a grocery store priced for less than $5.
Let it just get a bit worse and the Cities Riot, like we can already see as mobs clean out big box stores and little convenience shops.
TSHTF I’ve preached Pre-paredness for over 15 years, and I’m getting twitchy, Comrades
genearly.substack.com
we just planted our own potatoes
but they are cheap at the store
chip solution might be to make your own
As long as the money printing presses are running, and the fed. can collect taxes and give it to the big boys, the banks are not going to collapse. Too many big boys to let them lose all their money. They don’ hide billions $$$$$ under their mattresses.
It all about the debt ceiling and more and for Ukraine
It’s a feature, not a flaw
Each week or day that the banks DON’T CLOSE en masse, is another day I can transact in such a way as to be prepared for the “big bank holiday” that is coming. It’s horrible to watch – all of it. But, knowing it’s coming is helpful. Accepting it’s coming is helpful. I don’t spend my time stressing. I spend my time working on stuff that matters should SHTF tomorrow. It’s like playing “beat the clock” because the clock is gonna stop.
I ask myself, “do you have the tools to survive? No? then go get them.” Water. Food. Security. Tools to keep things working. In that order.
Lord have mercy on those of us who love you.
Amen.
Armstrong believes the hit to small businesses would be worse than guaranteeing all the deposits.
https://www.armstrongeconomics.com/world-news/banking-crisis/is-your-money-safe-in-a-regional-bank/
And I agree with Martin Armstrong on your precise point, Toolnut
SO… WHEN DO WE STEP OFF ” the Merry Go ROUND ”
( STOCK UP on ” ITEMS to TRADE ” and STAPLES for SURVIVAL )
It gives a new meaning to ”nobody is above the law and the ”rules-based international order”. The sooner the evil Empire and its running dogs drown in the latrine pit they have created the better.Just waiting patiently for the SMO to finish demilitarizing ukraine IE the west. Those chickens are itching to come home to roost.
According to a hawkish Powell in his interview with Russian pranksters last week, there are two more interest rate hikes coming, damn the consequences on the treasuries held by these regional banks. Sounds pretty purposeful to me.
It’s incredible that Powell would share his policy plans with a foreigner, especially a foreign gangster, and not with America?
One word….
KICKBACKS
Powell thought he was talking to Zelensky. One crook to another kinda thing. Powell figured by speaking freely, at some point his cut would be discussed.
Lord Jesus, come…..come quickly!
It’s almost like the Republican Leadership in the House and Senate isn’t really there at all! LOL
They’re just there to make money.
We would be far better off if it were NOT there to help HINDER getting PAST this mess.
And Kevin McCarthy is still freshly promising to back the Ukraine!!!
the more US military they send to Ukraine the less they have to use domestically
This is what Ukraine is for, to drain the ability of the US military.
Yes, except that it is not funny.
Maybe actually.
The US government has been in the pocket of J.P. Morgan since the Spanish American War.
You mean “The Rothschild’s”
The real name may have been Bauer. Rothschild may also be fake.
https://shiftfrequency.com/rothschild-complete-history/
Before that. These One-Worlders organized in North America in 1776.
While the Good Guys were writing and Sovereignly getting a Super Majority to support the US Constitution.
Hamilton – first central bank. We got a temporary reprieve with Andrew Jackson and the ‘wealth’ in this country exploded until the Civil War.
Hamilton was a Globalist. That is why they celebrate him.
How can we stop these criminals?
You can’t stop what is happening to money, they made sure of it. CBDC by July I reckon, and all debts owed to other countries will be wiped out by it.
I’d like to know what sort of pretzel logic they will come up with to erase those foreign owned debts but not any of those consumer or personal debts. Cause, reasons.
The only way they can “RESET” is by telling those other countries FU! France will join BRICS, I am certain of it
Of course they will. After they’ve defrauded pretty much the entire world.
How about we turn these perpetrators over to all their victims in the interests of justice?
we won’t. vigilante style justice will be executed or none at all.
Heads will roll again in France. Hope Macron finds God before the guillotine finds him.
Only if Macron can remain in his current position.
The protestations continue with Le Pen gaining favor.
Time would be of the essence.
Le Pen would also be in favor of BRICS
maybe we can ditch our government and join brics too
Will China be happy ?
Kick them out of our country like Jesus and Hitler did!
By cornering other Markets of Better Fungible Goods, our own Physical Resources – our gas and oil, coal, Confiscating our Lands that our enemies sold to Foreigners by the Millions of acres, etc, Nurturing and protecting our water and food resources, individuals doing what they did in the early days, sharpening their TRADE Skills, like Carpenters, Farmers, Metal Crafters (welding, construction, repairmen, making things people have to have.) – without Big Massive Manufacturing Companies. Working jobs for people with something to give for “Pay” other than CASH, like a side of beef, or a shared project of cutting trees for lumber, firewood, people learning to build furniture by hand 180’s-Style…
I don’t think it would take anything as drastic as living like the 1800’s, But there are skills from then that people today could make a living at, and some places already have some Bartering Communities, and a lot of what they do doesn’t depend on Cash trades, but each having means to trade other things instead, for the basic goods they want or need.
Like Getting neighbors to come help can the stuff from Harvests, turn their meats into Smoked meat, or sausages, also even canned, so nothing is wasted and has shelf life, and can be used for family or for bartering. and instead of taking cash, they have storable, home-style processed food, or other types of goods.
My brother-in-law is an EXCELLENT Blacksmith and horse shoer, and other skills, welding and carpentering. Skills he can stay as busy with as he has the health to do, or use to barter TEACHING them to younger people.
My sister can teach several trades to others, as well, such as crocheting, and we till have people skilled in spinning threads and yarn and weaving cloth, and also in Sewing. A lot of Western folks can teach people how to cook meals out of doors over camp fires as good as anything out of a kitchen, with very minimal effort. (depending on accessibility of Gas or Electricity in some areas, or the appliances to use them. ) Show people how to build Cold Cellars again. And for those near a source of Natural Water, how to build water wheels, which in turn can be used to create electricity as easily as they can grind the Grains into flour, or pump the water.
Take THIS TIME now to search out what interests you may have had for using tools for Creative projects, and maybe just never did anything about that interest. Pick up a few books and see what you can do to get a little familiar with the ideas you like.
Between Powell and that ignorant sliver haired sow Yellon, it’s a total shock the whole American economy hasn’t collapsed beyond their control
The merciful hand of God??
Rome wasn’t
builtdestroyed in a day…….115 failed banks per FDIC: https://receivership.fdic.gov/drripbal/
The big banks will own all others and bring in the digital currency cementing our existence as their wage slaves.
That is exactly what they are doing. Sweeping them all up and sending us under.
The only “law” that counts is the law of entropy in thermodynamics that determines that big crystals will grow at the expense of little crystals.
People should have started in 2008.
Sell everything on which you owe money, buy what you can pay for with cash.
Keep only debt on things which you don’t really need and can give up if you need to default.
Find a job that makes just enough to pay bare expenses. Cut your taxes.
Starve the beast. Don’t support the banks with interest payments, or governments with taxes and fees.
Homeschool your kids, don’t support the public schools and the unions. Your kids will learn more in one year homeschooling than 3 years in public school, with a lot less stress.
Go Galt. Let it burn, it’s going to no matter how hard you work to prop it up. Get right with the Lord, love your family and friends.
And as Sundance is fond of saying, live your best life.
Yes, I started paying off debt in 2008. I paid off my 2006 new car in 2009. Then I started paying my full credit card balance EVERY month. I paid my mortgage off in January 2015. I bought a new car in the summer of 2020. I paid the balance 6 months later ( I wanted to make sure I was happy with the car and it had no flaws).
I continue to pay my credit card balance in full every single month.
So, I have literally NO DEBT (of course I still have the monthly heat, electricity, water, sewer, property taxes,etc). It took planning and adjusting my spending habits. Turns out it was not that difficult. Stopped eating out. Only bought necessary clothing, and then looked for sales.
BTW, Thrift Shops and 2nd hand shops are not your enemy. They benefit your community.
cntrl.galt.del
well with fewer banks the targeting options become clearer and easier
So, what is the consensus in regards to persevering what little bit of wealth one has? Precious metals (gold/silver) Bitcoin?
Land, residential real estate, precious metals. Metal roofing with water catchment. Of course guns and ammo.
Careful with the land. Easy to lose it to nonpayment of property taxes, as property taxes shoot to the moon.
It depends on the state the property is in, perhaps whether the property is adjoining and your state of residency.
In my town, if you own your property for at least 10 years, are a resident, and a Senior citizen, your property taxes are frozen at the rate of your last payment, once vetted that you meet the above.
sounds good, but governments are free to change the rules whenever they want
Anyone advocating the buying of precious metals are still trapped in dollar denominated groupthink. Buying gold is a hedge against the inflation of the dollar, meaning at some point you will need to convert that asset back into money.
You have not left the insane asylum. You are still an inmate.
The precious metals do not belong in your list eagle.
Gold and Silver existed loong before any paper currency.
If you can afford gold get it! Personally, I stack silver, bullets, and food.
I don’t know where to stop or start with elderly or smug Americans who think what is, must always be.
My hero Mark Steyn is most eloquent on the topic of the illusion of permanence.
The world before and after World War I, were far different worlds.
We linger in the post World War II globalist fantasy, and all our power elite demand this delusion be enforced. Countries without armies (most of them) insist they will force their will on the war in Ukraine. My country, Canada, announces they will be sending military weapons they do not possess to Ukraine. Have your cake and eat it, too?
Post WW II, the USA became a nation of producers, manufacturers, and innovation. We became a healthy wealthy Country. Then in the 60s, the Wall Street oligarchs and the globalists , including the MIC determined that THEY would control our wealth and happiness. It’s been downhill ever since.
So where should we put our money?
Exactly ! So, what is the consensus in regards to persevering what little bit of wealth one has? Precious metals (gold/silver), Bitcoin? I’m worried
Can’t eat silver or gold. Buy a piece of land and some seeds. Start a garden, get some chickens, some bees. Make sure you have newer working appliances.
Buy ammunition because it will be easy to trade, could protect your life, or put food on the table. Buy fishing equipment. Buy lumber and building materials.
Precisely right Belle.
I would not trade my food or bullets for gold or silver. You cannot eat gold or silver and the bullets could be turned right around to shoot me
If you’re rich, GOLD. If you’re not,SILVER.
Stocking up on gold is all well and good, but what are you going to do with it. Can’t plant it in a garden. Can’t hoe the weeds with it.
There are still a few people old enough to remember that there was a time around ninety years ago when our government, that loves us, declared it illegal to own gold coinage. Would they trade you something of equivalent value, or just outright confiscate it by some scheme similar to “civil asset forfeiture”?
Thanks, I was going to ask the same question.
I have been doing research the past few weeks to see how to prepare for the coming economic apocalypse.
Would love to get other Treepers input, especially on Cryptocurrency
IMHO Forget Crypto. If you cannot transport the currency with you to trade it for goods and services it is worthless. Plus, digital currency, regardless of its origin, is controlled by others. Whether it’s the Internet, or the grid, or whatever YOU are not in control.
Bullets, beans, bandaids. If it doesn’t land in these three buckets, you’re not doing it right.
If the Obiden Regime remains in power, we will be the slaves of the WEF, all the Globalists.
If our so-called Republicans in power do nothing and “walk on by” we are done, captured. If the GOP is not on our side, it is mandatory that We The People need to respond.
My thought on crypto is that electricity will be expensive and intermittent. The Internet will become highly regulated and or unreliable/unavailable in some areas.
Also crypto is highly subject to being confiscated. If you think the Feds can’t see inside your wallet you are dreaming. If the cryptocurrency can, so can the Feds. The Feds have back doors into a lot of things.
If we go to cryptocurrency, we are done as a sovereign Nation. The Globalists will own us.
Where in he// is the GOP against this? Oh, most are in the pockets of the Globalists. SaD BUT TRUE.
I have spent about 4 hours reading and listening to various sources on crypto. Each one lists some pros and cons, but ALL mention heavy fraud and scams.
Add in your point about electricity and that’s enough for me to take a pass.
For consideration:
In 2013 Cyprus had a “banking crisis” that caused a bank run on a Friday which caused a 3 day shut down.
When the banks reopened, they had taken foreigner’s monies first, then 3% from everyone else’s savings accounts. The checking accounts were not targeted because that was considered “liquid.”
I also think (but cannot verify) that it was 3% above a certain dollar value in the savings accounts.
That is how Cyprus returned to “Liquidity.”
I moved our $$ to credit unions, only have one CD (expecting in a similar situation that it would be frozen) and pulled cash to ensure for a set period of time we would be able to function without needing the bank.
Of course, this will not be exactly the same, but IMO it was a test run for such a time as this.
i REMEMBER that ” RESET ” in CYPRUS – DOUBT the CCP or the WEF rs WOULD ALLOW the SEIZURE of Their ASSETS or HOLDINGS in the States
Bullets, beans, bandaids.
Zeroes & Ones 010101….
No sweat.
If you own or run a right-sized bank, the next 6 months are the time to evaluate if you really want to do the work needed to survive, and possibly fail anyways.
Because the FDIC etc will bail you out. Just get your bonus now and cash out enough stock to sit home and break out the popcorn.
Too big to fail actually means too big to question.
Soon it will include companies like Pfizer.
Criminals in charge … any questions?
Dimon was on the island…
I’m sure it’s just a coincidence: 🙄
The other coincidence … Republicans will pretend they don’t know about this.
Is a credit union better than a bank right now?
Yes a credit union is safer.
LOCAL ECONOMY BASED.
IF Your AREA SUCKS ….
( My Areas’ Problem is Small Manufacturing NOW and LEGACY Industry Retirees on ie. BENDIX / HONEYWELL ; Allis Chalmers; Whirlpool Pensions for Their Financial Stability )
Just personal preference, but I’d always prefer a member-owned non-profit, esp if local, over a for-profit, esp if multi-national corporation (MNC), starting with “it’s the principle of the thing” and going on from there.
The corruption running amok, revealing that their plans are going as desired.
Time to ask God for a plan…
Hey now, he’s just a good investor and you’re jealous.
Somewhere there’s a gallows screaming for tyrants.
She used to be the mayor of West Palm Beach. Husband is big time local atty.
Her area is next to Washerwoman Schultz aka ramen noodle hair.
Every single time
LOL.
Democrat.
Born in NY.
Schooled at Boston Univ and Georgetown Law.
Former West Palm Beach mayor.
Shocked I tell ya. Shocked!
Government agency FDIC picking winners JPMC, Mega Depositors >250k and losers the taxpayers. Yes, they hate us. Especially now that your vote don’t matter.
But they love our hard earned money, though…
With the robot rollout our labor is no longer needed…
“There is no overriding legal authority”
-Al Gore
Taxpayer bail-in to benefit the parasites.
Laws are for suckers.
– the democrats
Cheese and rice! 😡 What are we to do with our money? Maybe I take out my my cash and convert it to cashiers checks or travelers checks- lol
Buy things you know you will need. They will become short in supply, or unaffordable.
Mouth = Tooth kits, toothpaste, polydoh, painkillers, toothbrushes, dental tools, floss, toothpicks.
Nose = Nasal Sprays, Saline, tissues.
Ears = Cotton buds, wax remover.
Personal Care = Feminine hygiene, razors,deodorant, shampoo, conditioner, hairbands
Injury Care = Fully comprehensive First Aid and suture Kit, antibiotics, Iodine, Iodine Iodide and apple juice, a good quality first aid book, and herbal remedy book.
How much of those do you use each year? X it by 5 and buy them. That right there is a huge chunk of change.
Who needs laws and legislation when we have a rules based order?
A system in which they make up the rules, we are expected to follow their orders, and from which everyone who vacations in Rehoboth Beach and the Hamptons benefits nicely.
On the last point alone it is an improvement on than that ancient icky system built upon representative government and the rule of law.
Ethics from Congressional representatives anyone??
From a Charles Payne tweet…
“BAN congressional stock trading ASAP”
He then retweeted the following from unusual whales…
“BREAKING NEWS: another Congressman literally traded banking stocks again.
Lois Frank sold $FRC on March 16, avoiding the remaining 80% drop.
She THEN BOUGHT $JPM, the bank buying FRC on March 22nd.”
(I know, I know….never use “ethics” and “congressional” in the same sentence. Betting she wasn’t the only one…)
the accepted monetary theory over the past century is that hyper-inflations and depressions are partallel lines that the fed keeps the economy between using counterfeiting on one hand and interest rates on the other. There are some economists that believe the line are not parallel, but converge and we are now approaching the conditions of convergance, where anymore counterfeiting ( i.e. printing) will cause a hyperinflation and any more interest raising will cause a depression.
The jails have no locks or even jail doors.
That’s why these crooks have no fear
They seem to feel it has just been TOO LONG since they got to see a REAL and MAJOR world Level IMPLOSION, and for THEM, it’s like kids getting to go to Disneyland – or Epstein Island’s “Island of Lost Boys”.
Or Something….
The Republic of the Founders has been conquered.
#LogosRising
Why is Whitney Webb constantly being promoted here?
Other than a Central Bank Digital Currency, I cannot see another way this U.S banking construct ends, now. However, on the timing of the self-fulfilling prophecy, it looks like the GOPe will be the ones to create it.
…
So too big to fail comes at the expense of those who are too small to succeed, it seems. Socializing the second biggest bank failure in history by making the taxpayer pay for it, while subsidizing J.P. Morgan so it can come closer a monopolistic monolith, thereby more easily enabling the CBDCs to come, means more than any putrid behavior Dear Leader can muster. Sure, I will send my SOS to our American friends today, but in the global sense what is going on down south means so much more:
12:25
“This part of the banking crisis is over”
Jamie Dimon
lmmfaorotf
Yesterday there was no banking crisis.
Today the first part of the banking crisis is over.
Tomorrow we will be informed a banking crisis has begun.
“FUBAR… All of it. Everything Biden touches turns to shit.” Amen brother! Never underestimate Joe’s ability to F^&k something up! The media cheered his announcement to run for re-election. Badges, we don’t need no stinking badges.
Ze only solution vill be to completely nationalize ze banks. Und come to sink of it, why plural? Ve vill only need ONE bank.
Exactly! Slaves for eternity, and taxed to death.
“Bye Bye miss American Pie….”
Buy barter items, cigarettes, booze, stock up water and food, get walkie-talkie, water purification, build a mud oven and smokehouse if you have the land,,,and as always, ammo
Is the creation of the One World Bank? Note: UBS is CCP
Correlation Between UBS Group and JPMorgan Chase
Can any of the company-specific risk be diversified away by investing in both UBS Group and JPMorgan Chase at the same time? Although using a correlation coefficient on its own may not help to predict future stock returns, this module helps to understand the diversifiable risk of combining UBS Group and JPMorgan Chase into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between UBS Group AG and JPMorgan Chase Co, you can compare the effects of market volatilities on UBS Group and JPMorgan Chase and check how they will diversify away market risk if combined in the same portfolio for a given time horizon. You can also utilize pair trading strategies of matching a long position in UBS Group with a short position of JPMorgan Chase. Check out your portfolio center. Please also check ongoing floating volatility patterns of UBS Group and JPMorgan Chase.
The idea behind UBS Group AG and JPMorgan Chase Co pairs trading is to make the combined position market-neutral, meaning the overall market’s direction will not affect its win or loss (or potential downside or upside). This can be achieved by designing a pairs trade with two highly correlated stocks or equities that operate in a similar space or sector, making it possible to obtain profits through simple and relatively low-risk investment.
https://www.macroaxis.com/invest/pair-correlation/UBS/JPM/UBS-Group-vs-JP-Morgan
What gives anyone the idea that the FDIC is in any shape to handle the next collapse? And it is coming… Their handling has undermined the trust in the system, and the next domino is now more probable. At this rate, this will be the summer the US banking system collapses as the dollar is muscled out as the exchange vurrency, leaving our economy to be taken over by the architects of its demise. Meanwhile, Biden fiddles away while Rome burns.
What the FDIC has done is an impeachable offense, and the House should impeach those appointees responsible.
It is a symbolic ges, but it places blame on Biden and paves the way for his impeachment when “the bubble” pops.
Perhaps others have noticed a recent trend on Twitter: the way CommunityNotes works is “groups that have otherwise disagreed on things in the past agree on this community note.” That is, Never-Trumpers on the left and Never-Trumpers on the right will join to CommunityNote Trump-supporters during this election cycle. One recent example is who should get credit for moving the US embassy to Jerusalem. Watch and be wary.
Can the creation of the One World Bank be confirmed? Note: UBS is CCP
Correlation Between UBS Group and JPMorgan Chase
You can bet the elite already positioned themselves in JPM.
When was the last time you could invest in a company guaranteed not to fail?
Yellen tells congress that we hit the debt ceiling on June 1st
Biden ain’t going to play ball w McCarthy’s strategy
So this “ignore the rules” is a signal to bankers to all get on board w the Biden admin ahead of what’s looking to be a nasty fight.
She’s threatening to not send payments to ____ if she doesn’t get her way
This boon of guaranteeing all deposits whilst flaunting the law will VANISH the instant she (and Biden) doesn’t get her way
This is the way the Mafia we call our government works “sorry i guess it will be a shame when I ‘have to’ start to follow the law and crash the banking system cuz congress won’t raise the debt ceiling so of course its not my fault y’all felt so secure.”
Are we going to back down to these thugs? Enough is enough!
I wonder if PT ever thought about opening up a Bank?
Maybe call it MAGA National Bank
Lets see if 100,000,000 people deposit 10,000 on avg then the Bank has $1,000,000,000,000
Not a bad start and where do you think these funds would come out of? Much from the to big to fail banks.
America needs to organize and move away from these radical leftists with MAGA Medical Facilities, MAGA Banks, MAGA Private Schools etc, as we try and vote these nut jobs out of office.
Hey Mister! Some of your foldin’ money has done come unstole! – Delmar