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There will be a liquidity and credit crisis as banks and online payment systems are about to suffer a huge outage in the coming days

 
Anonymous Coward
User ID: 78240614
09/22/2022 08:34 PM
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Re: There will be a liquidity and credit crisis as banks and online payment systems are about to suffer a huge outage in the coming days
Some credible truth to this. Work at Deutsche Bank and we were sent home early today
 Quoting: Anonymous Coward 81159229


For what reason?
Anonymous Coward
User ID: 77940018
United States
09/22/2022 08:36 PM
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Re: There will be a liquidity and credit crisis as banks and online payment systems are about to suffer a huge outage in the coming days
I went to my bank today and there was a sign saying withdrawals that required new bills could not be fulfilled. Maybe the digital currency movement is what the elites wanted all along.

Paper is easier to create and control than metal. Digital numbers are easier to create and control than paper.
Anonymous Coward
User ID: 83337563
United States
09/22/2022 08:38 PM
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Re: There will be a liquidity and credit crisis as banks and online payment systems are about to suffer a huge outage in the coming days
Mommy like the sound of this.
Anonymous Coward
User ID: 4067671
United States
09/22/2022 08:39 PM
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Re: There will be a liquidity and credit crisis as banks and online payment systems are about to suffer a huge outage in the coming days
I'm the type to usually make fun of and laugh at claims here, but this one I can actually believe. If not next week, its coming soon enough.
Anonymous Coward
User ID: 78191647
United Kingdom
09/22/2022 08:46 PM
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Re: There will be a liquidity and credit crisis as banks and online payment systems are about to suffer a huge outage in the coming days
supapin
Anonymous Coward
User ID: 4067671
United States
09/22/2022 08:54 PM
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Re: There will be a liquidity and credit crisis as banks and online payment systems are about to suffer a huge outage in the coming days
bump
Anonymous Coward
User ID: 84132392
Germany
09/22/2022 08:55 PM
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Re: There will be a liquidity and credit crisis as banks and online payment systems are about to suffer a huge outage in the coming days
Some credible truth to this. Work at Deutsche Bank and we were sent home early today
 Quoting: Anonymous Coward 81159229


Work at a big bank in Germany. Can't say alot due to many reasons. Confidentially etc

it varies from bank to bank, management or office operations, It would of been well covered in employee contracts if you work in the front office yoy arnt getting a strange meeting request from anyone and are not going to be privy to this information. What I will say though is that is has been absolutely mayhem over the last couple of days. Small time people. You will just be let go. Many small time employees in these roles have had their contracts terminated over the last week

In the front office, their are 2 schools of thought of what is happening at the momenent, their is the classic trying to reduce numbers as crypto and central bank currencies are brought in and alot of jobs can be replaced with ai now but how it has been going round is generally you will turn up to the office sometime around 7.00 and your pass won't work. A security guard will come to help you and escort you into a meeting room where hr are waiting with a letter informing you of the bad news and schedule a follow up meeting. This can be brutal especially if their is a queue of victims in front of you. I have been responsible in over seeing some of this over this week. Many people crying and swearing.

The second approach this week that I have seen happening is you will be sitting happily trading when your manager appears behind you and ask you to come to a meeting. while you are in the meeting an IT guy is turning off your systems and a security guard packing up your stuff to give you when you leave meeting.

In general when you are fired you will never step a foot back on the trading floor unescorted again.

I have no idea if I will be let go but I am shitting it for next week.
Anonymous Coward
User ID: 76509910
United States
09/22/2022 08:56 PM
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Re: There will be a liquidity and credit crisis as banks and online payment systems are about to suffer a huge outage in the coming days
More role playing nonsense. Play your games.
Anonymous Coward
User ID: 74851879
United States
09/22/2022 08:57 PM
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Re: There will be a liquidity and credit crisis as banks and online payment systems are about to suffer a huge outage in the coming days
I predict your prediction will utterly fail.
Anonymous Coward
User ID: 82079444
Greece
09/22/2022 09:01 PM
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Re: There will be a liquidity and credit crisis as banks and online payment systems are about to suffer a huge outage in the coming days
putin


They'll print as much as they need for liquidity.

So just bs
Anonymous Coward
User ID: 84241046
France
09/22/2022 09:11 PM
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Re: There will be a liquidity and credit crisis as banks and online payment systems are about to suffer a huge outage in the coming days
Some credible truth to this. Work at Deutsche Bank and we were sent home early today
 Quoting: Anonymous Coward 81159229


Work at a big bank in Germany. Can't say alot due to many reasons. Confidentially etc

it varies from bank to bank, management or office operations, It would of been well covered in employee contracts if you work in the front office yoy arnt getting a strange meeting request from anyone and are not going to be privy to this information. What I will say though is that is has been absolutely mayhem over the last couple of days. Small time people. You will just be let go. Many small time employees in these roles have had their contracts terminated over the last week

In the front office, their are 2 schools of thought of what is happening at the momenent, their is the classic trying to reduce numbers as crypto and central bank currencies are brought in and alot of jobs can be replaced with ai now but how it has been going round is generally you will turn up to the office sometime around 7.00 and your pass won't work. A security guard will come to help you and escort you into a meeting room where hr are waiting with a letter informing you of the bad news and schedule a follow up meeting. This can be brutal especially if their is a queue of victims in front of you. I have been responsible in over seeing some of this over this week. Many people crying and swearing.

The second approach this week that I have seen happening is you will be sitting happily trading when your manager appears behind you and ask you to come to a meeting. while you are in the meeting an IT guy is turning off your systems and a security guard packing up your stuff to give you when you leave meeting.

In general when you are fired you will never step a foot back on the trading floor unescorted again.

I have no idea if I will be let go but I am shitting it for next week.
 Quoting: Anonymous Coward 84132392


bump and megapin

work in investment banking. next week is going to be carnage.
Anonymous Coward
User ID: 16909170
United States
09/22/2022 09:15 PM
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Re: There will be a liquidity and credit crisis as banks and online payment systems are about to suffer a huge outage in the coming days
Credit Suisse is in deep deep deep doo doo.

Per their announcements over the last 48 hours it appears that they have a Capital Shortfall of about $4 billion dollars (US) from meeting even the very LAX European Bank Capital Requirements (European Banks only need about 20% of the Capital that US banks need).

I am sure ALL the US banks are NO LONGER willing to engage in transactions at the moment with Credit Suisse (but I am only guessing on that, but my guess is based on the past behavior of US banks when a European bank is in deep doo doo) which limits their ability to function as an international bank and is probably one reason for the statements that they will be closing down their US operations and pulling entirely out of the US.

European Banks may be fleeing to the sidelines too in order to try to protect themselves from a Credit Suisse IMPLOSION.

Since I don't trade anymore I don't pay attention to all the credit risk stuff ... but if European Banks stop clearing Credit Suisse transactions also then some government or international entity is going to have to come in to guarantee their transactions or the entire banking clearing system in Europe will gum up and gum up FAST.

Going to be interesting to watch over the weekend, and IF they survive the weekend over the following two weeks.
Anonymous Coward
User ID: 4067671
United States
09/22/2022 09:18 PM
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Re: There will be a liquidity and credit crisis as banks and online payment systems are about to suffer a huge outage in the coming days
Some credible truth to this. Work at Deutsche Bank and we were sent home early today
 Quoting: Anonymous Coward 81159229


Work at a big bank in Germany. Can't say alot due to many reasons. Confidentially etc

it varies from bank to bank, management or office operations, It would of been well covered in employee contracts if you work in the front office yoy arnt getting a strange meeting request from anyone and are not going to be privy to this information. What I will say though is that is has been absolutely mayhem over the last couple of days. Small time people. You will just be let go. Many small time employees in these roles have had their contracts terminated over the last week

In the front office, their are 2 schools of thought of what is happening at the momenent, their is the classic trying to reduce numbers as crypto and central bank currencies are brought in and alot of jobs can be replaced with ai now but how it has been going round is generally you will turn up to the office sometime around 7.00 and your pass won't work. A security guard will come to help you and escort you into a meeting room where hr are waiting with a letter informing you of the bad news and schedule a follow up meeting. This can be brutal especially if their is a queue of victims in front of you. I have been responsible in over seeing some of this over this week. Many people crying and swearing.

The second approach this week that I have seen happening is you will be sitting happily trading when your manager appears behind you and ask you to come to a meeting. while you are in the meeting an IT guy is turning off your systems and a security guard packing up your stuff to give you when you leave meeting.

In general when you are fired you will never step a foot back on the trading floor unescorted again.

I have no idea if I will be let go but I am shitting it for next week.
 Quoting: Anonymous Coward 84132392


Thanks for sharing this! Lots of signs of interesting times coming.
Anonymous Coward
User ID: 82590436
Russian Federation
09/22/2022 09:52 PM
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Re: There will be a liquidity and credit crisis as banks and online payment systems are about to suffer a huge outage in the coming days
bump
Anonymous Coward
User ID: 34050299
United Kingdom
09/22/2022 09:52 PM
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Re: There will be a liquidity and credit crisis as banks and online payment systems are about to suffer a huge outage in the coming days
Over here they seem to be doing everything to get the pound down so it becomes...

1 dollar = 1 euro = 1 pound

Just another 10% drop needed, the other two are the same now.

Interesting all the western currencies are the same right at this moment in times?
Anonymous Coward
User ID: 84241130
Australia
09/22/2022 09:55 PM
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Re: There will be a liquidity and credit crisis as banks and online payment systems are about to suffer a huge outage in the coming days
Can people be charged for starting a panic run on banks?
Anonymous Coward
User ID: 75472186
United States
09/22/2022 09:56 PM
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Re: There will be a liquidity and credit crisis as banks and online payment systems are about to suffer a huge outage in the coming days
Thread: SEPT 23 RD ! ...... MAH ~ KET CARSH !
Anonymous Coward
User ID: 84162216
09/22/2022 09:57 PM
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Re: There will be a liquidity and credit crisis as banks and online payment systems are about to suffer a huge outage in the coming days
ME NO BELIVE U
Anonymous Coward
User ID: 84241141
Indonesia
09/22/2022 09:58 PM
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Re: There will be a liquidity and credit crisis as banks and online payment systems are about to suffer a huge outage in the coming days
People lost life savings in previous financial crashes. As the banks can't insure the entire amount. So grandparents/elderly with life savings lose it all. Just another method of stealing from the poor.
Loup Garou

User ID: 80950725
United States
09/22/2022 10:01 PM

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Re: There will be a liquidity and credit crisis as banks and online payment systems are about to suffer a huge outage in the coming days
India was the 1st Country that made cash illegal in 2016. At 8pm it was announced that at midnight cash would become illegal, following this action 70 % of country crashed.

[link to fb.watch (secure)]

On the night of Nov. 8, 2016, there was a surprise announcement on Indian television. In a live telecast to the nation, Prime Minister Narendra Modi declared that the country's two highest-denomination currency notes (Rs 1,000 and Rs 500) would be withdrawn immediately from the market

[link to www.strategy-business.com (secure)]

By making the cash worthless almost overnight, the government hoped to destroy large piles of black money hidden away by tax evaders.

Thread: INDIA'S Mark Of The Beast system: Aadhaar - a 12-digit unique identity number - Biometric scans of all their citizens. Cashless Society

INDIA'S Mark Of The Beast system: Aadhaar - a 12-digit unique identity number - Biometric scans of all their citizens. Cashless Society
[link to www.trunews.com (secure)]
[link to www.ucg.org (secure)]
Obama was instrumental in having this system made.
 Quoting: Anonymous Coward 76428349

Just because YOU don’t believe
in the Rougarou; or the Loup Garou, don’t make you safe; No !

The Constitution is a blend of 'moral certitude' -- which is one of the reasons that criminals are determined to be rid of it and We the People must be even more determined to defend it.

"If there must be trouble, let it be in my day, that my child may have peace." - Thomas Paine

The only thing the Illuminati fears is an independent person who can live, eat, sleep, stay warm and defend themselves separate from Federal help. Pray that the Lord gives us more time! The End is near and time is short!

A fool takes no pleasure in understanding, but only in expressing his opinion. ~Proverbs 18:2


For those who understand, no explanation is needed. For those who do not understand, no explanation is possible

"A candle loses nothing by lighting another candle" - James Keller

Checkd, Keked, and Rekt!

#Kids2
Anonymous Coward
User ID: 75472186
United States
09/22/2022 10:02 PM
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Re: There will be a liquidity and credit crisis as banks and online payment systems are about to suffer a huge outage in the coming days
 Quoting: Anonymous Coward 75472186


ATTACHED TO THIS THREAD ON MONDAY! DHOOM DAY!
Anonymous Coward
User ID: 82981372
United States
09/22/2022 10:05 PM
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Re: There will be a liquidity and credit crisis as banks and online payment systems are about to suffer a huge outage in the coming days
Op is having a coke fueled, fevered wet dream.

Wake up op, ur doomcasting.
zero distortion

User ID: 83039575
United States
09/22/2022 10:06 PM
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Re: There will be a liquidity and credit crisis as banks and online payment systems are about to suffer a huge outage in the coming days
There will be a liquidity and credit crisis as banks and online payment systems are about to suffer a huge outage in Europe and the United States. There are already talks of a liquidity and credit crisis happening in inner circles. This is big

Saturday- Banks and online payment systems will suffer an outage in Europe and the United States spreading worldwide. Talks of a Liquidity and credit crisis happening will spread rapidly.

Sunday- Customers will try to get money from banks but will be turned away. Talks of bank runs on twitter and facebook will be promptly banned. Late-Sunday night Euro-zone banks will suffer a liquidity issue and fail critical margin levels.

Monday 26th- Liquidity crisis contagion will spread to the United States. Financial instruments much like those used by Archegos will blow up across the entire financial sector. Bank of America, JP Morgan, and Goldman Sachs are rumoured to be insolvent along with others. The Super Rich will attempt to pull their money out of the banks only to be denied. Stock market will drop 20% and is closed for the day. Tether and other stable coins will fail causing crypto currencies to crash as they become illiquid. Short-Mid term is that crypto currencies will become worthless.

Tuesday- Eurozone total melt down. Bank deposits are bailed and most people will lose all their money. Social protests erupt. U.S. stock market will drop another 20% before being halted for the day again. Hedge funds will collapse and banks are stuck with meme stock shorts which will be revealed to be in the trillions. Banks fail critical margin levels and the DTCC will be forced to cover the shorts. DTCC insurance policy will fail as the insurers never had money to begin with and the Federal Reserve is stuck with the bag.

Wednesday- Stock market will drop another 20% before getting stopped. subprime finally hits and housing prices crash by 50% and more. Meme stock, silver, gold, commodity trading is frozen and halted but this will only make the problem worse. Dollar insolvency is all over international news and silver, and gold skyrocket. U.S. bonds will be dumped sending interest rates into the stratosphere. Mainstream media will now blare the Great Depression 2.0 and the collapse is here.

Thursday- U.S. government will begin to collapse and pressure on the current Admin to resign. Stock market will drop even more for a total of 85-96% since the crash on Monday. Grocery stores will now be empty as supply chains completely break down. Rumours of a coup against the U.S. government will begin to pick up on social media and gain public approval. Massive protests against the government, wallstreet, and the banks will erupt. Police will be deployed and attempt to brutally suppress the protests but they will be unsuccessful.

Friday- Voter fraud data is going to be dumped on the internet and this will add fuel to the fire. Reveals stolen elections going back 40 years. Government figures will go into hiding. Meme stock and silver/commodities shorts issue reaches international media and heads of state will demand answers from the U.S. because they too are exposed through weird financial instruments. BRICS will pick up steam to replace the dollar then and now. Dollar is declared non-grata in many countries in the world with legislation fast tracked to convert dollar denominated debt to other fiat to prevent a total credit freeze.
 Quoting: Anonymous Coward 84162164


OP could be right?
IFartInYourDirection
Gas Master

User ID: 83400565
United States
09/22/2022 10:15 PM

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Re: There will be a liquidity and credit crisis as banks and online payment systems are about to suffer a huge outage in the coming days
None of this is true. (In the US anyway). I work in this Industry. There will be no outage. Not for core systems anyway.
Anonymous Coward
User ID: 84236828
United States
09/22/2022 10:20 PM
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Re: There will be a liquidity and credit crisis as banks and online payment systems are about to suffer a huge outage in the coming days
ME NO BELIVE U
 Quoting: Anonymous Coward 84162216


no 90% stock market crash happens in five days.

"The epic boom ended in a cataclysmic bust. On Black Monday, October 28, 1929, the Dow declined nearly 13 percent. On the following day, Black Tuesday, the market dropped nearly 12 percent. By mid-November, the Dow had lost almost half of its value."


16 days to lose 50%.

"The slide continued through the summer of 1932, when the Dow closed at 41.22, its lowest value of the twentieth century, 89 percent below its peak."

240 days to reach 89%.
Anonymous Coward
User ID: 83820935
United States
09/22/2022 10:23 PM
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Re: There will be a liquidity and credit crisis as banks and online payment systems are about to suffer a huge outage in the coming days
Solomon Grundy,
Born on a Monday,
Christened on Tuesday,
Married on Wednesday,
Took ill on Thursday,
Grew worse on Friday,
Died on Saturday,
Buried on Sunday.
That was the end,
Of Solomon Grundy.

Sounds similar...

We are f*cked.
Anonymous Coward
User ID: 79718557
United States
09/22/2022 10:26 PM
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Re: There will be a liquidity and credit crisis as banks and online payment systems are about to suffer a huge outage in the coming days
Have a friend in Australia that has just be laid of along with his entire trading floor today. Whole computer system was down for hours. Just escorted out by security. Something is defiantly going on

WW3 or a massive cyber attack could cause



Anonymous Coward
User ID: 82981372
United States
09/22/2022 10:26 PM
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Re: There will be a liquidity and credit crisis as banks and online payment systems are about to suffer a huge outage in the coming days
Log off Michael Flynn, ur drunk.
Anonymous Coward
User ID: 82899031
Czech Republic
09/22/2022 11:05 PM
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Re: There will be a liquidity and credit crisis as banks and online payment systems are about to suffer a huge outage in the coming days
I work at McDonalds and none of this is true.
MarPep

User ID: 84239066
United States
09/22/2022 11:10 PM

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Re: There will be a liquidity and credit crisis as banks and online payment systems are about to suffer a huge outage in the coming days
To follow.
_______________
They let me off with a warning and a couple of bullet holes.

Day after day, alone on a hill--





GLP