“Financial System and Market Crash” News and Views” 8-3-2024
Bank Reserves: The Ghost Of Bad Debt | Rafi Farber
Liberty and Finance: 8-2-2024
For more than a decade, the Federal Reserve has effectively been propping up banks by replacing their toxic debt with new currency. According to Rafi Farber these bank reserves are akin to "the ghost of bad debt."
Farber anticipates an imminent crisis within the banking sector, which he predicts will precipitate a financial calamity surpassing the severity of those seen in 2008 or 2020.
In his analysis, Farber outlines strategies for preparing for this potential financial upheaval. He emphasizes the importance of diversifying investments, safeguarding assets in tangible forms, and staying vigilant about shifts in the financial landscape.
These measures are presented as crucial steps for investors to better position themselves against the expected crisis and minimize potential losses.
INTERVIEW TIMELINE:
0:00 Intro
1:23 Bank reserves
6:34 Big banks
12:10 Impact of banking crisis
‘Armageddon’ Here? Why Markets Are Crashing Right Now | Clem Chambers
David Lin: 8-2-2024
Clem Chambers, CEO of Online Blockchain, discusses the latest jobs report and the market response.
0:00 - Market reaction to jobs report
5:50 - Yen/USD vs. stocks
7:35 - Will market crash continue?
11:00 - VIX
13:11 - Russell 2000
14:50 - Market rotation
18:10 - How to play 'uncertainty'
19:40 - Rate cut vs. stocks
27:10 – Bitcoin
Ariel: Market Crash
People, Donald Trump has always stated for years that in order for emerging economies in the Middle East to thrive the artificial value of the fiat USD must come down. This is what is suppressing everything. A market crash will help facilitate the much needed reinstatement.
This is why countries around the world are waiting with bated breath for this event. Thus is why Saudi Arabia on June 9th no longer accepted oil contracts to be denominated in fiat USD.
Henry Kissinger was the one who flew over there to make that deal in exchange for military protection and other things.His death was a sign that the regime was coming to an end.
This is why Iraq is setting up their own trade routes to compete with the Suez Canal. Their market will have a robust trade connection to the Asian markets. Israel tried to prevent this at every turn. Which is why ISIS/DAESH was created to cause instability in Iraq.
Because in order for the monetary reforms to work certain conditions had to be met with IMF that required Security & Stability in Baghdad. This is why BRICS Nations must have a national currency in order to join. You guys have to understand how much the fiat USD have caused 3rd world countries who were forced to use it.
I’m getting off topic but you know what I am getting at. We need a market crash in order for Iraq to be able to afford to compete against 1st world countries. Luckily you have IQD where you will be able to participate in the reinstatement.
You already know what this means. I told you the fiat USD has to fall in order for developing economies to prosper. One of them is Iraq.
Ariel
************
Trillions Lost: Jobs Bombshell Triggers “Slow Motion Collapse” As US Recession Risk Escalates
Sean Foo: 8-3-2024
The US stock meltdown just got worse with over $3 trillion dollars destroyed. Investors are losing steam and the fundamentals of the US economy is cracking.
The recent jobs report, massive layoffs and unemployment data just smashed the soft-landing narrative. We are in for a slow-motion collapse.
Timestamps & Chapters:
0:00 Stocks $3 Trillion Sell-Off
2:39 Jobs Shock & Massive Layoffs
5:43 Fed Rate Cut Nightmare
8:54 Big Market Collapse Risk
12:03 The Risk Is Global