/biz/ - Business & Finance

>>54948610
>jew street yesterday : NO NEED TO WORRY GOYIM! WE CONTAINED THE BANKRUN YOUR MONEY IS SAFU, BANKS ARE SAFE AND EFFECTIVE
>banks today : MAYDAY MAYDAY WE ARE COLLAPSING AGAIN
this is a running gag at this point. Props to (((them))) to have managed to crash silver on the only day where banks weren't shitting blood (only thanks to big banks injecting $17 billions to save them, and all the money lasted only one fucking day lol).

As i previously stated, most anons can't even begin to fathom how much in trouble banks are. 2008 banks' nosediving due to their rotten CDOs were a baby joke compared to what they are facing now. Banks aren't even in trouble, they are already dead. They sold everything they had : their financial derivatives, their real estate, their collaterals, the money deposited by customers... They have strictly NOTHING left.
That's why even though Credit Suisse begged their competitors for money last october (JPM, GS, BofA, SocGen, etc.. collectively offered -not lent money, but as a GIFT- 15 billions USD) + fired 9000 employees + begged the Saud family to give them $2B + they made a new dilution round to raise an extra $4B + sold their foreign commercial RE.
By November 2022, they managed to raise almost $22B to save their asses.
It allowed Credit Suisse to live like a zombie for another 4 fucking months. They burned through 22B in 4 months while having fired half their employees.
And obviously, as you can expect from banksters, a shitload of this money simply vanished in offshores' accounts, alongside the bankers themselves. Several billions actually, but of course, we didn't hear a single word about this.

And this money gifted by their competitors, it wasnt out of charity (what kind of company fucking try to save their competitors lol, it doesnt exist), but because CS was considered a critical systemic bank, part of the 30 worldwide "too big too fail".

>>54148514
>It is getting very spicy out there but with big stacks to insulate us I couldn't be comfier watching the world unravel
It is. Apparently Credit Suisse just asked for a nationalization behind closed doors, after the saudis refused to spit another few billions to save the bank. In emergency, the SNB (swiss national bank) loaned them no less than 54 billions USD, it was 2 hours ago. So much for
>the bail-outs, it's over now! We let capitalism freely dictate the market
all the politikikes vowed to apply after 2011...

This was an info who didn't make much noise back then, but last october, Credit Suisse cried for help from.. other big banks.
JPMorgan, Citi, Goldman Sachs, BNP-Paribas, etc... a total of 20 banks accepted to give them $4 billions.
In what world a company reach for competitors to ask for gibs? And in what world said competitors fucking accept to save a competitor?
Some very, very shady stuff is going on behind the curtains.. I believe said consortium of banks was fearing it would become the catalyst to trigger a domino effect of financial collapse. And that it could buy them a bit of time.

It was in late october. We aren't even 5 months after, and the $4 billions are already gone and the situation for CS is somehow even worse, even tho they restructured hard (read sold all their RE assets and fired half their workforce)? How could that happen? How can you waste cash so fucking fast?

Considering how fucked the situation is, literally all governments will have to intervene and run the printing press like never before, and all this probably before the EOM. Since said banksters are holding hostages basically the entire western taxpayers via their bank account they are allowed to seize with the 2014 bail-in laws, governments have no other choice but to oblige. Hyperinflation is coming fast, very fast. Tighten your seatbelt frens.