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Strategies & Market Trends : TRIPLE TRADES -- Ignore unavailable to you. Want to Upgrade?

To: yard_man who wrote (3036)	4/13/2023 3:21:48 AM
From: Bull RidaH	1 Recommendation Recommended By yard_man Respond to of 4401

I doubt the banks' predicament of owning underwater treasuries was planned. The problem arose because unqualified people were put in control of Investment and risk management policy. Inexperienced, unsophisticated, careless and reckless individuals, without any sort of position management strategy if the market value dropped below a certain level. Some were obviously much better than others, and it may be that the worst have already suffered market discipline, and no more pain has to be felt by the vast majority of banks. If we go to a mandated CBDC, it will have to be for other reasons. My guess is it will start as a way to buy things cheaper. We're already seeing that at places like Walmart, where if you buy your computer in the store, the price is $300, and if you buy the same computer online from Walmart, and have it delivered to your home, the price is $150. Large retailers will begin to make cash buyers pay a premium for everything, because they don't want to have to pay the price to manage your cash at the register, to the store safe, to the armored truck, and finally to the bank, where there is risk of loss every step of the way. Not to mention, a certain percentage of the customers who walk into stores nowadays shoplift some or all of what they walk out with. When the elite are ready to crash VISA/MASTERCARD/AMEX/DISCOVER and the big banks where everyone has their debit cards, then they implement a CBDC. Politicians on both sides of the aisle are probably ready to screw all the holders of dollars outside the country by turning them into worthless confetti. So they'll probably arrange a discrimination scheme where you can't spend paper dollars in the US without a US REAL ID. Whatever they do will not be quick, so we have plenty of time to get our ducks in a row. I keep my liquid assets on deposit with the casinos via cage accounts in Vegas, which are MUCH safer than any bank. Plus they spin off all kinds of fringe benefits that banks can't match (free rooms, food, entertainment etc). Everyone with reasonably large resources should move to Vegas and take full advantage of these amazing arrangements!! <g>

To: yard_man who wrote (3036)	4/13/2023 4:21:34 PM
From: Bull RidaH	Read Replies (2) \| Respond to of 4401

" .... the predicament of the small and medium sized banks that took deposits during the fake-demic and bought treasuries and are underwater now... Was this planned?" Their fatal faux pas was failing to become a card-carrying member and daily reader of Triple Trades. For if they had, they would have received the historic heads up that the US long bond market had topped. on the very day, March 10th, 2020, after the closing high was put in. Message 32595856 "As long as 184.75 holds on a weekly closing basis, all rally's should be sold." "The double bottom between 83 & 85 projected the 30 yr bond futures price to precisely 184.75." Had they simply heeded that call, there would have been no multi-trillion dollar drawdown in asset values and destruction of financing apparatus for promising technology start-ups worldwide. Long bonds slid for 2.5 years into October of 2022, until I posted on TRIPLE TRADES the warning that the bear market in US Long Bond Prices was concluding here.... Message 34043808 and gave the precise end date to the bear market in bonds here.... Message 34047268 "....Bonds SHOULD slide further in price (higher in yield) into Tuesday evening (10/25/22), then the turn." Imagine how well any sized bank would be doing right now had they simply heeded those precisely correct bond calls? Did anyone else in the world nail the US Long Bond March 2020 high and October 2022 low TO THE DAY , with zero noise before, in between or after?