THIS CAN"T BE GOOD...Banks Are So Stuffed With Cash They Tell Companies: No More Deposits | |
Don Draper from Nantucket
(OP) User ID: 57553864 United States 06/10/2021 03:24 PM Report Abusive Post Report Copyright Violation | Bear in mind that the Fed, via QE has been stuffing banks with cash for a year at a rate of about $120 billion a month. Not only do the banks have no use for it, it's starting to cost them money. The Fed's solution, using the word loosely, is to do reverse Repos draining banks of cash. Reverse repos topped $500 billion this week, effectively undoing over four months of QE. PLATA BITCHEZZZZZZ UPGRADE UNAVAILABLE The Rolling Stones said it best... "What's confusing you is the nature of my game" |
Anonymous Coward User ID: 79386700 United States 06/10/2021 03:37 PM Report Abusive Post Report Copyright Violation | Bear in mind that the Fed, via QE has been stuffing banks with cash for a year at a rate of about $120 billion a month. Quoting: Don Draper from Nantucket Not only do the banks have no use for it, it's starting to cost them money. The Fed's solution, using the word loosely, is to do reverse Repos draining banks of cash. Reverse repos topped $500 billion this week, effectively undoing over four months of QE. It sure ain't good...It won't be long now!!! |
Anonymous Coward User ID: 7282682 United States 06/10/2021 03:42 PM Report Abusive Post Report Copyright Violation | |
Don Draper from Nantucket
(OP) User ID: 57553864 United States 06/10/2021 03:43 PM Report Abusive Post Report Copyright Violation | Bear in mind that the Fed, via QE has been stuffing banks with cash for a year at a rate of about $120 billion a month. Quoting: Don Draper from Nantucket Not only do the banks have no use for it, it's starting to cost them money. The Fed's solution, using the word loosely, is to do reverse Repos draining banks of cash. Reverse repos topped $500 billion this week, effectively undoing over four months of QE. It sure ain't good...It won't be long now!!! PLATA BITCHEZZZZZZ UPGRADE UNAVAILABLE The Rolling Stones said it best... "What's confusing you is the nature of my game" |
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Don Draper from Nantucket
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Don Draper from Nantucket
(OP) User ID: 57553864 United States 06/10/2021 04:12 PM Report Abusive Post Report Copyright Violation | Has to be fake news since physical CASH would represent a tiny fraction of the banks USD deposits. Quoting: Anonymous Coward 80465505 there's an electron shortage. nothing is shipping from China. PLATA BITCHEZZZZZZ UPGRADE UNAVAILABLE The Rolling Stones said it best... "What's confusing you is the nature of my game" |
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Don Draper from Nantucket
(OP) User ID: 57553864 United States 06/10/2021 05:13 PM Report Abusive Post Report Copyright Violation | Has to be fake news since physical CASH would represent a tiny fraction of the banks USD deposits. Quoting: Anonymous Coward 80465505 there's an electronics shortage. nothing is shipping from China. fixed Ahhh Gotcha! PLATA BITCHEZZZZZZ UPGRADE UNAVAILABLE The Rolling Stones said it best... "What's confusing you is the nature of my game" |
Don Draper from Nantucket
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beeches
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Don Draper from Nantucket
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TheFool
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Don Draper from Nantucket
(OP) User ID: 57553864 United States 06/10/2021 10:59 PM Report Abusive Post Report Copyright Violation | Appreciate the bump. I would hope more people see this thread and realize just how significant this is the overall monetary system and the impending collapse that is certainly coming. All the pieces are falling into place for the biggest monetary collapse ever. PLATA BITCHEZZZZZZ UPGRADE UNAVAILABLE The Rolling Stones said it best... "What's confusing you is the nature of my game" |
Don Draper from Nantucket
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