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***** BULLETIN ***** UBS Seeking to TERMINATE Credit Suisse Deal
World Hal Turner 22 March 2023 Hits: 31444
BREAKING NEWS — UBS is reportedly engaged in meetings right now, SEEKING TO TERMINATE ITS DEAL TO ACQUIRE CREDIT SUISSE!
If UBS Backs out, then Credit Swiss will fail, enter Bankruptcy, and that will mean a Bulge-Bracket-Bank (a.k.a. “too big to fail”) has gone under.
The effects on the Global Financial System are, right now, incalculable. A Credit Suisse Default would trigger Credit Default Swaps, and would put the bank in DEFAULT on all its Derivative Contracts.
This could be a “Black Swan Event” that sets in motion a Domino effect, taking out BIG banks all over the world.
More details on tonight’s Hal Turner Radio Show from 9:00-11:00 PM eastern US time (GMT -0400)
Comments
#UBS and Credit Suisse — dak552023-03-23 15:43
UBS set for talks with Michael Klein to terminate Credit Suisse investment bank deal – FT https://finance.yahoo.com/news/ubs-set-talks-michael-klein-193047977.html
#no stock market crash as of march 23 — NatalThread56522023-03-23 13:30
no stock market crash at all as of march 23…
#Ice-9 now possible in weeks, instead of months… — MissinD60s2023-03-23 10:14
If the top tier of the global Ponzi scheme goes? It’ll ALL crash n freeze up very soon, now. I thought we might have until this summer. Now, we might not make it that far.
I’m betting BRICS is all set n ready to be launched. Sandman’s birth is at hand.
+2 #Reverse repo GDP — rrodigari12023-03-23 05:54
Hi Hal
regarding the reverse repo and GDP:
Repos/reverse repos impact on GDP : the impact is done via the increase/decrease of liquidity in the system (monetary policy tool). There is no component of GDP that is the amount of cash parked in the repo market.
Repos/reverse repos are monetary policy tool employed by the FED to maintain liquidity and control inflation.
Each repo transaction is economically similar to a loan collateralized by securities, and temporarily increases the supply of reserve balances in the banking system.
Repo markets play an important role in the facilitation of the flow of cash and securities around the financial system. In doing so, they create and support low-risk and timely investment opportunities, as well as the functioning of derivatives and collateral markets. They also help in supporting cash market activity and enabling financial institutions to monetize their assets.
The central bank modifies the reverse repo rate to correct the economy—monetary policy mechanism. By implementing various expansionary and contractionary monetary measures, the Federal Reserve plays a key role in controlling economic phases—inflation, recession, and depression. The reduction or increase in reverse repo rate is one of those measures.
e.g An increase in the reverse repo rate is considered a contractionary monetary policy. It curtails the money supply (liquidity) and reduces inflation. A decrease in the reverse repo rate is considered an expansionary monetary policy step. It induces liquidity, i.e., increases the money supply in the market.
https://www.bis.org/publ/cgfs59.pdf
https://www.newyorkfed.org/markets/desk-operations/repo
#RE: Reverse repo GDP — LilBirdie2023-03-23 13:15
Thanks!
#The derivatives market alone — NZ KIWI2023-03-23 09:12
Exceeds the worlds GDP by probably 100 times
It is easily possible for the repo to exceed The Feds printing press
+3 #I wanna see… — sixshots2023-03-23 02:29
Hal do a story on Damon Young’s article so we can comment on it.
At Berkley in California, the black students have “no whites day” in an area of the campus.
I laughed at the hypocrisy of ending segregation when white people wanted it but celebrating it now that black people want it.
But then we are told black people cannot be racists.
#Why would Hal waste time on n give voice to tribalism being used by Maoists?? — MissinD60s2023-03-23 10:02
Thus had nothing to do w/this article’s topic. Why would Hal waste time on such low-hanging fruit??
+6 #RE: I wanna see… — Woulf2023-03-23 03:56
When they see that people are more “comfortable” among their own.
That is why you have a “China Town” a “Harlem” or a “Little Switzerland” or others that I can think of.
They are simply “more comfortable” among their own.
#Can anyone explain what Hal was saying about the reverse repos? — LilBirdie2023-03-23 02:06
I’ve been trying to read about it…..
But I don’t get it?!?
-1 #winston churchill — Peter H2023-03-23 00:56
Winstons mother a shocker .. he was very attached to a maid -minder as a child
Winstons father thought to be “Bertie ” who was King george 6/ Queen Eliz father . Reportedly died of lung cancer was….Syphilis be tertiary . What a tangle web we weave
Winston Churchill may have been royalty .. the “hidden hand” who promoted him and looked after him. Book:HITLER WAS A BRITISH AGENT..Greg Hallet and the Spymaster
+1 #RE: winston churchill — Woulf2023-03-23 04:54
It is foolish and wrong to mourn the men who died. Rather we should thank God that such men lived.
George S. Patton
The question to ask now is, how many others are willing to fill this breach?
#Are you Sure? — ExigeS22023-03-23 00:53
I found a Reuters News but thats only reffering toba small Part of the complete CS instead of the whole Deal.
#RE: ***** BULLETIN ***** UBS Seeking to TERMINATE Credit Suisse Deal — bleedingblue2023-03-23 00:28
Anyone else having problems with the archives stopping at 9 seconds of tonight’s show?
+2 #█▓▒░ THE RISING INTEREST RATES THUS PUSH BANKS INTO INSOLVENCY. ░▒▓█ — Palehorse2023-03-22 23:10
|
Fed raises interest rates 0.25%, intensifying inflation fight
despite banking fears.
Paul Craig Roberts
March 22, 2023
The Federal Reserve’s ill-considered action will feed depositors’
fear of other troubled banks and continue the drawdown of
deposits. Is the Federal Reserve trying to create a financial crisis?
The Dow Jones Average fell 530 points in response to the Federal Reserve’s
hike in interest rates.
+1 #OFF TOPIC: Why was Winston Churchill visiting New York City stock exchange the very day it crashed in 1929? Why did he attend a banquet or private party held by bankers the evening of the Great Crash on Wall Street? What was his position then? — joe@tittiger.com2023-03-22 23:00
Why was Winston Churchill visiting New York City stock exchange the very day it crashed in 1929? Why did he attend a banquet or private party held by bankers the evening of the Great Crash on Wall Street? What was his position then?
Did not yet, tie this to the Gary Allen book as a caller claimed.
Rose Rambles... 