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Surviving the Billionaire Wars's avatar

Let me add to your economic forecast: the 1st domino has fallen...2 days ago, over-leveraged SVB (Silicon Valley Bank), 17th largest US commercial bank, had a run, & ran out of cash. Instead of dilly-dallying around for a while like normal, the Fed immediately closed it.

The Fed is having an emergency meeting this weekend, with announcement expected Monday.

Rumors are flying; most expect the Fed to pivot & drop interest rates to stop contagion from spreading, along with bail-out of SBV by gov (taxpayers). That could spark hyper-inflation.

However, analyst Tom Luongo & some others believe this (and SBX) were deliberate torpedoes in the war between the Fed & WEF/Davos. WEF has/had very close ties to SBV & SBX. Like, that's where there $$ is/was parked.

Watch interest rates: if they go down, Luongo is wrong. If they hold steady or rise, Luongo is right.

Also, I saw a vid of a fed meeting from a few months ago. They were discussing using a *bail-in* to send a message. If they do that with SVB, stick a fork in wef.

And yesterday, there was a run at a San Fran bank for the wealthy

https://twitter.com/mikealfred/status/1634783756656492544

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Danika Sinram's avatar

Thank you! Excellent article and video. In my opinion 9/23 relates to month and year versus the particular day. We might just figure it out this year!

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