Guys, I am surprised you didn‘t figure out why it is those „surprisingly exact 54 Billion USD“.... The Swiss Central bank spokesman said „up to 50 Billion“, but obviously, he was talking in Swiss Francs, and with the current conversion rate, that ends up in those „oddly specific 54 Billion USD“.
I have a question regarding what can be kept safely in banks. I bank in Europe where the deposit insurance is at €100K limit. I never keep more than the €100K as cash. The rest I park in index fund. If - God forbid - my bank runs into trouble. How will my index fund holdings be treated?
Very interesting that he is bearish on short term treasuries in 2023. Understand he has some sort of counterweight to his bet (or enough money that it’s just worth the publicity) but has his stance on this made you think throwing everything in treasuries is too risky rn
Yeah you can never go all in on any single investment vehicle. Since no one knows what Powell is going to do. The startegy is clear from the Sunday post though (in our opinion)
One thing is not clear to me. In the text you wrote that CS is an investment bank, and then in the text you explained how banks create money through deposits and loans. Isn't the main task of an investment bank to provide services and raise money, and not to collect deposits and approve loans?
Can't believe people still aren't noticing anything. One of the biggest events in recent history and no one's talking about it.
No one even understands. Our twitter mentions is all filled with "its a swiss bank doesn't impact me"
Totally insane.
why would people notice things about boring old finance when they can watch and gossip about beautiful people winning awards for being in movies
Yeah entertainment is the best biz, Ie go into politics
Guys, I am surprised you didn‘t figure out why it is those „surprisingly exact 54 Billion USD“.... The Swiss Central bank spokesman said „up to 50 Billion“, but obviously, he was talking in Swiss Francs, and with the current conversion rate, that ends up in those „oddly specific 54 Billion USD“.
Ahh didn't catch it, either way we'll see.
$BTC Fly me to the moon
Great post as always! Things are getting real out there...
I have a question regarding what can be kept safely in banks. I bank in Europe where the deposit insurance is at €100K limit. I never keep more than the €100K as cash. The rest I park in index fund. If - God forbid - my bank runs into trouble. How will my index fund holdings be treated?
If you're at a brokerage they usually just give you your shares.
Not at risk of the shares being lost. That is how it works in the USA but would go ahead and check Euro regulations to be safe.
Jungle, anyone familiar with infinite banking/bank on yourself whole life policies. Are those at risk as well? Asking for a friend....
Not sure where cash value life insurance policies / life insurance fall in all of this. Deposits aren't FDIC insured but they claim A+++ ratings
View with extreme skepticism.
HonestMath did a tear down explaining the actual risks never mentioned in their illustrations.
If all assumptions pan out, you can benefit, but mostly you’ll take on more risk than you realize and get raped by fees.
thanks for the response. do you have a link to HonestMath's breakdown? Cant seem to find it
Any thoughts regarding the safety of these considering the banking system fears atm?
Scope out https://www.honestmath.com/iul
Any thoughts on the safety of the funds? im familiar with the returns of the product
I really appreciate this Bull but btw I’m a paid subscriber but not for so long or I don’t really understand all this very good
>If you’re a paid subscriber you already know what we’d be doing
I don’t understand this. I saw my bank is a partner to CS even though I live in balkans.
What do you recommend I should do?
Not sure what banks are avaialble in the balkans, our market is usa
So message is clear only use the big 4 banks that's it.
Assume ok to deposit with non-big 4, thats pays 4.25% apy, as long as less than $250k?
As long as it is under $250K you will be fine. Just recognize you may be waiting some time to get the money back if it does go to zero.
You mean *when* it goes to zero? ;)
I don't have a twitter, occasionally open to see what's going on; just found your account and subbed, looks promising.
I still need to read everything but looks like everything is falling apart rn, tldr?
Just read sunday post and post any question you have on next sunday post (tomorrow).
TL;DR if you run a biz or have any money not FDIC insured you *must* move it to a major big 4 banks today.
Very interesting that he is bearish on short term treasuries in 2023. Understand he has some sort of counterweight to his bet (or enough money that it’s just worth the publicity) but has his stance on this made you think throwing everything in treasuries is too risky rn
https://twitter.com/balajis/status/1636822077775941633?s=46&t=h_KKKiWNcEKK3kjRAG-Vjw
Yeah you can never go all in on any single investment vehicle. Since no one knows what Powell is going to do. The startegy is clear from the Sunday post though (in our opinion)
One thing is not clear to me. In the text you wrote that CS is an investment bank, and then in the text you explained how banks create money through deposits and loans. Isn't the main task of an investment bank to provide services and raise money, and not to collect deposits and approve loans?
Ser who makes the loans for MASSIVE businesses not your typical retail person... You can google, check yourself or just click link below.
https://www.credit-suisse.com/hk/en/private-banking/grow-your-business/real-assets-lending.html
https://www.credit-suisse.com/ch/en/corporate-clients/products/corporate-accounts.html
Many thanks.
The note about Zero Hedge you made in this article. Also unironic their article about Nigerian CBDC came out shortly after the CBDC update on BTB. Article: https://www.zerohedge.com/personal-finance/worlds-largest-cbdc-trial-preview-elites-cashless-vision-you