mind how much $ people are going to loose eventually.
Lets look at ways to make $ off the crisis.
The banking crisis creates two new questions for investors: Morning Brief
Monday, March 20, 2023
Revelation 9:20
And the rest of the men
which were not killed by these plagues
yet repented not of the works of their hands,
that they should not worship devils,
and idols of gold, and silver, and brass, and stone, and of wood:
which neither can see, nor hear, nor walk:
Man just simply never ever learns his lesson.
The one translation of that verse said:
made of gold, and silver, and brass, and stone, and of wood.
I like that.
It's what paper is made of.
You love $ more than God?
Okay.
Keep at it then.
have fun with that.
NoThx.
Not me.
As usual Im flying opposite direction of most.
Yup...
if you were wise or could humble yourself or become wise yourself?
You would too.
promise.
"Ailing 167-year old Credit Suisse will now see itself into a forced marriage with stronger rival UBS, following a weekend of behind the scenes drama between each bank's executives and the Swiss authorities."
(two straight weekends, two different continents, something that wasn't supposed to happen again...)
"The deal may help calm the broader financial system, but could unsettle UBS shareholders.
(Yup...)
"You go from having the best run Swiss bank in UBS with a clear strategy, to owning the worst," the source added."
(Big fish gonna keep eating.)
"Wild turn of events here though, which will fundamentally once again alter the landscape of Wall Street and further concentrate the power into the hands of a few high-profile players."
(And AI is in it's infancy mind you.
Wealth is being concentrated again and AI is in its infancy.
It's going to continue to happen and you just wont be able to stop it.
You are not in charge.
Humble yourselves before your king.
It's your only hope.
Dont get it wrong.
He's not a lamb this time.)
"The Goliaths will keep winning," veteran top bank analyst Mike Mayo told me, an investment thesis he has been championing for a while where the likes of Bank of America, JP Morgan, Goldman Sachs, Citigroup and Morgan Stanley continue to get stronger amid the struggles of others on the Street."
(Translation?
I'd avoid them like the plague personally.
Credit unions yo.
Local, nonprofit etc.
Another thing dad was 100%bcorrect about.
He was in the letter carriers Credit Union.
Only Letter carriers and their families could join.
it's like borrowing $ from the people you work with and the proffit goes back in the kitty to continue to do the same.
Are people really this dense to not understand?
Blows my mind it really does.)
"These are just some of the sights and sounds of this rolling crisis with more inevitably on the way."
(We haven't even seen anything yet...)
"In the process of all this high drama, I see two questions emerging for investors.
First, do you use this opportunity to add risk to your portfolio as it's clear regulators (and billionaires such as Buffett) will not let the financial system go up in smoke — similar to what they did in 2008/2009?"
(Here is the:
"How do we make $ off other peoples pain." bit,
and?
What makes anybody think the regulators have a choice in this matter at this point?
Complete and total global economic collapse and nothing short of it.
Count on it, not "if?", but "when?"
But how do you know drew?
Well?
How did i know so many other things that have been proven correct?
exactly.
Same way.
He is going to make it to where he is your only place left to go.
Theres a book that says so.
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