>>54249434
call me crazy but i still think there will be a big crash. everything has to burn before the phoenix arises, and with all this credit suisse/first republic bank stuff and all the central bankers and finance ministers going "EVERYTHING'S FINE, WE REMAIN STABLE AND WELL CAPITALIZED, MOVE ALONG, NOTHING TO SEE HERE" i get the sense that in a week or two, or maybe even a month or two, we'll still see a big systemic cataclysm. Deutsche, HSBC, Wells Fargo, Banks of Japan and Australia, not to mention Italy, Greece, Spain etc, plus much of South America and Africa...all teetering by a thread.
I get the feeling that a lot depends on whether Powell announces a rate hike, pause or pivot tomorrow.
and also Tether is still looming in the background, and the exponentially rehypothecated Chinese real estate bonds/"commercial paper" that might be backing it.
Meanwhile Xi and Putin just publicly said that they encouraged their trading partners to withdraw liquidity from USD-denominated liabilities and start putting it into Yuan/Ruble- while China and Japan have already been selling USD treasuries to the tune of tens of billions of dollars for the last few months.
to me, all of this points to an impending liquidity crunch, which could cause cascading other events in our hyper-interlinked global "everything bubble," basically everything leveraged to the hilt and teetering over a breaking point, a game of musical chairs on a sinking burning ship where the music is stopping and everyone is trying to grab a life vest while pretending like they're still playing, or something.
and there's Ripple, whose forefathers foresaw this 10 (or maybe 70) years ago and so build a complete infrastructure to serve as an ark and then spent the last decade partnering with almost every relevant player from regional banks all the way up to central banks and supranational institutions (BIS, IMF, World Bank)
it's all ready to go, and it's all playing out exactly like we said it would.