Accumulating knowledge is the way 📚 Grand Master of the Jedi Order
Joined August 2021
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China 🇨🇳 has added as much to its manufacturing value (MVA) as the US + EU combined
~15y ago it was smaller than either of them
=> Deng Xiaoping understood the power of many small local banks to boost productive credit creation
Biggest bank affected now is Bank of America BofA… 2nd largest by deposits
Unrealized losses equivalent to ~42% of its total equity, ~$116B
=> Problem would kick in when unrealized losses become realized… if they can’t hold on to gov bonds until they mature bc of a bank run
Quick hint: Don’t get rekt bc of high volatility by unleashing all your bearish instincts
=> The most volatile days are still ahead and everyone is watching liquidation zones to nuke each other 🗓️
May the force be with you. Enjoy weekend you must now
Didn’t Cathie Wood just recently call her $ARKK hopium fund the „new nasdaq“? Now bears are gathering to short it to oblivion
Astonishing how ppl are not aware stuff like who was behind the founding of the Fed, can’t draw a line to the assassination of Lincoln and don’t know the involvement of European powers behind the US 🇺🇸 civil war
They believe everything they’re supposed to know… like 🐑
I wonder why that revealing quote of Bismarck is not quoted in history books
It tells you more about the world than chapters of platitudes
Maybe bc Rockefeller was paramount for the US education system and created the general education board 📚🐑🤔
Whoever controls the dept has the real power
The plan is to get you nuked and concentrate power for more control
Have that in mind and what you see in the econ will make sense
Outlook 🤔📚
Next phase will be currency debasement. No way around it
You have been warned padawans
I think Powell already knew about the cracks in the credit markets… that’s why he turned from the bear of jackson hole into mr disinflation
Will we soon get the pivot for the wrong reasons triggering a massive currency debasement? 🤔
That’s the plan.. physical gold 👀
This is just the beginning of multiples bubbles about to burst 🫧📌
Free money comes at a cost when zombie companies can’t be kept afloat
=> Now will the Fed be dovish and further erode confidence in the dollar? 🤔
There is no win-win scenario… bursting bubbles is the way 🧘♂️
The 4 biggest banks 🏦 in wallstreet lost $55b in market value in 1 day and more bad news are flying in… be safe padawans
More potential downside: Nonfarm payrolls came in hot with 311k vs 225k expected
=> But who can actually trust these cooked numbers anymore with the constant huge revisions going 🤔
