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Started By
Message
Federal Reserve has sent $9.3 Billion to Switzerland
Posted on 10/14/22 at 3:18 pm
Posted on 10/14/22 at 3:18 pm
This is crazy. Was it to keep Credit Suise from getting called.
LINK ]
https://www.reddit.com/r/Superstonk/comments/y43lxb/kennyeth_just_wat_did_u_do_drsing_is_the_only_way/
LINK ]
https://www.reddit.com/r/Superstonk/comments/y43lxb/kennyeth_just_wat_did_u_do_drsing_is_the_only_way/
7
Posted on 10/14/22 at 3:20 pm to GhostOfFreedom
And nothings gunna happen…
Posted on 10/14/22 at 3:21 pm to GhostOfFreedom
Credit Suisse was about to have a Lehman Brothers moment.
Posted on 10/14/22 at 3:21 pm to LuckyTiger
quote:
Credit Suisse was about to have a Lehman Brothers moment.
Still will.
Posted on 10/14/22 at 3:24 pm to GhostOfFreedom
Too
Big
To
Fail
Big
To
Fail
Posted on 10/14/22 at 3:28 pm to GhostOfFreedom
Banks are on the brink.
It’s a last ditch effort to keep the boat from sinking.
Have you been keeping up with England’s’ financial turmoil?
It’s a last ditch effort to keep the boat from sinking.
Have you been keeping up with England’s’ financial turmoil?
Posted on 10/14/22 at 3:43 pm to Lone Wolf McQuade
Do I have enough toilet paper stashed away to survive this?
I think I have a whole Sams bundle.
I think I have a whole Sams bundle.
Posted on 10/14/22 at 3:44 pm to Lone Wolf McQuade
yeah, it is a disaster
Trump is going to be a legend, if we can survive until he retakes office. There will be no where to go but up and if he only used a tiny fraction of his business mind, it will be a wild ride.
Trump is going to be a legend, if we can survive until he retakes office. There will be no where to go but up and if he only used a tiny fraction of his business mind, it will be a wild ride.
Posted on 10/14/22 at 3:46 pm to Meauxjeaux
I have been thinking that toilet paper might be a good bartering item. Along with brass/lead.
Posted on 10/14/22 at 3:46 pm to GhostOfFreedom
quote:
Trump is going to be a legend, if we can survive until he retakes office. There will be no where to go but up
Naw bruh. We still have a way to go down
Posted on 10/14/22 at 3:47 pm to Lone Wolf McQuade
quote:
Have you been keeping up with England’s’ financial turmoil?
The Conservative Party under new PM Liz Truss is a complete clown show thus far.
Posted on 10/14/22 at 3:50 pm to Meauxjeaux
quote:
Do I have enough toilet paper stashed away to survive this?
If you have learned nothing else about human habits from Covid……
Posted on 10/14/22 at 3:54 pm to LuckyTiger
quote:
Credit Suisse was about to have a Lehman Brothers moment.
Check out this guys name...
Don't know if he is of any relation, but...
Posted on 10/14/22 at 4:08 pm to Meauxjeaux
Sams bundle of TP is used in making Dollars
Posted on 10/14/22 at 4:10 pm to GhostOfFreedom
Well, anything the Occupy Commies are against I assume is a good idea until proven otherwise.
Posted on 10/14/22 at 4:29 pm to GhostOfFreedom
Please explain to everyone what a “liquidity swap contract” is and how it means that not a single U.S. dollar leaves the U.S., meaning the Federal Reserve did NOT send any dollars to Switzerland, contrary to your thread’s title.
The entire $9.3 billion stays in an account in the Federal Reserve Bank of New York for the length of the swap contract and the contract is fully collateralized by an equivalent value of Swiss francs in a Federal Reserve account in the central bank of Switzerland.
The entire $9.3 billion stays in an account in the Federal Reserve Bank of New York for the length of the swap contract and the contract is fully collateralized by an equivalent value of Swiss francs in a Federal Reserve account in the central bank of Switzerland.
Posted on 10/14/22 at 4:32 pm to GhostOfFreedom
quote:
I have been thinking that toilet paper might be a good bartering item. Along with brass/lead.
Stock up on salt
Posted on 10/14/22 at 6:08 pm to LSURussian
So, they are robbing Peter to pay Paul.
Posted on 10/14/22 at 6:28 pm to LSURussian
quote:
Please explain to everyone what a “liquidity swap contract” is and how it means that not a single U.S. dollar leaves the U.S., meaning the Federal Reserve did NOT send any dollars to Switzerland, contrary to your thread’s title.
The entire $9.3 billion stays in an account in the Federal Reserve Bank of New York for the length of the swap contract and the contract is fully collateralized by an equivalent value of Swiss francs in a Federal Reserve account in the central bank of Switzerland.
Good to hear from you, LSURussian, and thanks for clarifying the nature of the swap. My first question was what was on the other side of the swap, because by the very nature of a swap, something was received in return.
This post was edited on 10/14/22 at 6:29 pm
Posted on 10/14/22 at 7:32 pm to LSURussian
quote:Whoa! Welcome back!
LSURussian
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