CRITICAL READ: Just got word from a very reliable source in Europe. Credit Suisse is absolutely going to crater. We’re talking over $1.3 trillion in deposits that will essentially vanish.
We are rapidly approaching the point where Too Big To Fail becomes Too Big To Bail. ENTIRE NATIONS won’t be able to raise the funds to bail out the failures that are coming.
The contagion effects of this will be nothing short of catastrophic for Europe. We are looking at the end of Western Europe’s industry, economy, energy and civilization.
Prepare for systemic, trans-continental banking failures, all due to the “woke disease” taking over finance and banking, leading to unlimited incompetence and idiocy that has brought us all to the brink of collapse.
Credit Suisse shares tank after Saudi backer rules out further assistance
The Saudis have pulled out: IT’S OVER for credit suisse: https://www.cnbc.com/2023/03/15/credit-suisse-shares-slide-after-saudi-backer-rules-out-further-assistance.html
Shares of Credit Suisse hit a fresh all-time low for the second consecutive day as the bank’s biggest backer says it can’t provide more financial help.
Here’s how this is going to play out (writing this on March 15th, 2023). Credit Suisse will collapse. Huge cross-exposure to US banks will cause a ripple of banking crisis events across BIG US banks. Wells Fargo is on the list. Fed and Treasury will declare appropriate emergencies and bail out all the banks in the US. This will require printing TRILLIONS of dollars, flooding the system with massive liquidity.
Within about six months, #inflation will absolutely skyrocket as all the new money surges through the system like a shot of heroin. Inflation will cause Fed to panic and raise rates even higher. MORE banks will fail. MORE bailout money printed. MORE inflation.
It ends in hyperinflation over the next few years, and the total collapse of the dollar, the US banking system and the United States government. Prepare accordingly.