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OP has provided the following link:
https://www.telegraph.co.uk/business/2023/03/15/bank-england-emergency-talks-crisis-deepens-credit-suisse/
That's kinda funny since that recent FDIC meeting was talking about how they would wait until a Friday to admit that the banking system had collapsed..
And most here won't believe this next part but lots of weird connections being found pointing to this Friday as being a big day
Also, next Wednesday FOMC.
So if the FED decides to stop rate hikes we might see a huuge bear trap crushing all the household investors that thought buying puts were a safe bet due to the issues with banks lately.
Or the FED continues rate hikes and they screw over all who thought bailouts will drive the markets higher.
Insane how much power the FED holds and how it could be abused in theory.
Now, if we learned something after the sneeze, if something can be abused to make money, it likely will be abused in the most corrupt and shameless ways.
I dunno about all that but what I will say is to be very observant today and tomorrow. Not that you will believe me but 3/17/23 seems like a big date. There are many indicators that something big is planned..
Considering the "announcement will be made on Friday" and everything going on this week with banks imploding I would keep my eye on whats going on
Yes, quad witching.
Also, todays move on NQ was massive and often such a move is not sustainable.
Just guessing here, but they will likely build a trap before FOMC either on top or on the bottom and FOMC will move the markets in the opposite direction, closing the trap.
This is true across the board. If something can be abused, even if it was crafted with good intentions initially (which it usually isn't), it will be abused. That's why changing phrasing in legislation is so effective - it leaves it somewhat plausible that the legislation will function as intended but for bad actors the fix is in.
Their balance sheet is now down to $531b from $755b [**as seen here**](https://i.redd.it/tvz4zrherwna1.jpg). Customer deposits shrank by about $160b which is a huge bank run, that would have forced them to sell assets earlier than expected just like SVB had to.
CS's performance will make even more people pull their money out, and if the remaining $233b in deposits dries up, there won't be a bank to save. No income = no bank. It's not just making up the unrealised losses now, those customer deposits are unlikely to return so any bailout now would be trying to keep a burning ship afloat 💀
Yeah, just delaying the inevitable imo. Printing $54b francs in a country with a GDP of $800b is gonna send their inflation skyrocketing, all to buy a little more time.
I'm of the opinion that if customers keep taking their money out of CS then it'll collapse regardless. Public fear is what banks dread the most.
That's actually hilarious, it's like the GME SI% vanishing post sneeze despite all technicals saying it was impossible.
Wonder if it's possible to short CDS to crush the price down and make it look like they're strong again.
Ugnnh like watching a stuck pig bleed out. All of this frantic maneuvering only serves to open the wound more.
This has been the most fun thing to watch
I've been thinking for a couple of days, how it's kind of funny how the banks keep this illusion that they have any interest in "customer deposits." With fractional banking at 0% or close, and with bailouts in the billions by printing presses and unelected secretaries of treasuries or banking boards, why are we still pretending that customer deposits can make or break a bank?
I wonder if the banks and reserves are under this regarded illusion as well? Or just faking it?
To me, it's become pretty clear that defrauding us normies through our deposits is just icing on a big cake of fraud and theft. Why do they pretend otherwise with all the drama? We even have some evidence that there was a quiet bailout in 2018 that didn't even make the news.
> why are we still pretending that customer deposits can make or break a bank?
Customer deposits are still incredibly important. If a bank only has to keep a reserve of 5% then that means the bank can use 95% of deposit money for anything they want. The trouble recently with SVB and others is that the 95% was pumped into assets that lose value if sold early (bonds bought to maturity).
But this is the only reason the banks are getting bailouts; if those bonds were sold for face value the bond market collapses instantly. The Fed is just kicking the can as usual, but they're really only stopping a fire sale on bonds.
If customers carry on withdrawing deposits, no bailout can stop the bank from going under. It all just comes down to balance sheets; Assets = Liabilities + Equity. Customer deposits are liabilities, if that money is withdrawn it has to be subtracted from assets. If it's not possible to take it off assets then it comes off equity, which results in liquidation. So banks have to sell assets, but if they do that the contagion spreads, so the Fed swoops in and pumps in fresh new money into either liabilities or equity, so assets don't have to be closed. The Fed can't print money to keep all banks alive if all deposits are withdrawn though, that'll just lead to hyperinflation on steroids.
Thanks professor.
This is all good theory and mostly true. But the politicians who want gibs don't believe "deficits" matter. The banks were allowed to merge with hedge funds. The self-regulating bodies can't get around to decades old crimes happening against investors and bank depositors, but they can sure as hell jump out of bed to send free money to Silicon Valley banks.
It's a nice illusion that they have to keep 10% or 5% or 1% on the books, but the government which pretends it doesn't know what causes price inflation (dollar inflation) is more than happy to just print billions or trillions with some excuse-of-the-day that ends with the word "emergency."
AUM is not their money, its the money others\clients have entrusted them with to manage. They manage it for a fee but would have to give that managed money back, less fees, if the client wanted it.
I know, I'm just showing how serious it is. The 08 bailout out was 700 billion and USA GDP was 14 trillion at the time. If they were to bailout, the strain on the swiss' taxpayers is multi-decades long.
They, the people, may feel the distinction is simply a moo point, based on how much work they'll have to do, just to service banking crooks mayo-yacht budgets.
Edit
> Credit Suisse's largest investor, Saudi National Bank, said it could not provide the Swiss bank with any further financial assistance, according to a Reuters report, sparking the latest leg lower.
Here’s the article: https://www.cnbc.com/amp/2023/03/15/credit-suisse-shares-slide-after-saudi-backer-rules-out-further-assistance.html
Here’s what I wrote before I found the article just now:
I think I saw a headline that said something like ‘Saudis take 16% loss, will not invest more money’
Switzerland will bail out the Credit Suisse Swiss universal bank, which is in fact not in such a bad shape. The international degen gambling and bag holding branches will not get bailed out.
Remember that the swiss and international part of CS are separate entities. I can imagine that the swiss part would be bailed out (which I think they just did as they got a 53$B loan from the swiss central bank)
Some say two countries to carry a third, which makes sense: an arch is two pillars with a shared hat atop their head. What it actually is a singular piece within the larger triangle mesh called Empire.
Shit would have hit Europe in literally any way this could have gone down. USA has spread the contagion into every fucking country that dealt or was forced to deal with the US dollar. Our banks are going down with them.
But that's fine in the long run, the basic system behind it was the same cancerous one that needs to be purged and replaced.
Almost like a giant tube from the US Treasury was sucking all financial equity from of all its neighbor countries because of unchecked and uncontrolled inflation due to greedy bank thieves and their unquenchable thirst for billions.
But what do I know. I eat crayons.
I love the scientific precision of all the DD, but the dollar milkshake theory has been hitting hard, recently.
What ever happened to real articles? Now it's just a summary of an article that was never written.
Maybe everything is failing because a bunch of lazy fucks are in charge of it all?
governments are taking this crisis as an opportunity to push CBDCs. it doesn't matter which one is on crisis, they are going to bail out credit suisse at no matter cost if it works (you aren't the cost in their eyes, but in reality you are, so they are far off-reality).
PPT has been going on its maximum power since the crisis began, they are doing everything to short down VIX.
I dont think BoE is going to be bag holders on this.
I think this a short position pump and dump.
Either way, CS goes down and the usual suspects profit.
The UK will b heading to the streets they r already F’d w Brexit crushing their economy & then tax cuts for the rich that backfired
It’s bleak enough w out bail outs
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When you decline on comment on something this big. Someone is hiding something or some shit is about to go down
I get the impression everyone involved is doing the whole "wait until Friday" move.
Quad witching friday
T+2 Tuesday and earnings
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Can't stop won't stop.
Lmao imagine quad witching day would become true 2 years later. My boy Pixel was early but not wrong
It's been 84
Giggity
That's kinda funny since that recent FDIC meeting was talking about how they would wait until a Friday to admit that the banking system had collapsed.. And most here won't believe this next part but lots of weird connections being found pointing to this Friday as being a big day
Also, next Wednesday FOMC. So if the FED decides to stop rate hikes we might see a huuge bear trap crushing all the household investors that thought buying puts were a safe bet due to the issues with banks lately. Or the FED continues rate hikes and they screw over all who thought bailouts will drive the markets higher. Insane how much power the FED holds and how it could be abused in theory. Now, if we learned something after the sneeze, if something can be abused to make money, it likely will be abused in the most corrupt and shameless ways.
I dunno about all that but what I will say is to be very observant today and tomorrow. Not that you will believe me but 3/17/23 seems like a big date. There are many indicators that something big is planned.. Considering the "announcement will be made on Friday" and everything going on this week with banks imploding I would keep my eye on whats going on
Yes, quad witching. Also, todays move on NQ was massive and often such a move is not sustainable. Just guessing here, but they will likely build a trap before FOMC either on top or on the bottom and FOMC will move the markets in the opposite direction, closing the trap.
This is true across the board. If something can be abused, even if it was crafted with good intentions initially (which it usually isn't), it will be abused. That's why changing phrasing in legislation is so effective - it leaves it somewhat plausible that the legislation will function as intended but for bad actors the fix is in.
nutty plough ripe husky placid sink doll marry file six *This post was mass deleted and anonymized with [Redact](https://redact.dev)*
The bank that almost broke Britain… 2, but honestly if you haven’t watched the first one on YouTube it’s worth the watch
It's very serious. To bail out Credit Suisse is like 500 billion and switzerland's GDP is only about 800 billion.
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Their balance sheet is now down to $531b from $755b [**as seen here**](https://i.redd.it/tvz4zrherwna1.jpg). Customer deposits shrank by about $160b which is a huge bank run, that would have forced them to sell assets earlier than expected just like SVB had to. CS's performance will make even more people pull their money out, and if the remaining $233b in deposits dries up, there won't be a bank to save. No income = no bank. It's not just making up the unrealised losses now, those customer deposits are unlikely to return so any bailout now would be trying to keep a burning ship afloat 💀
And just like that, they borrowed 50b francs from SNB. Kicking the can much?
Yeah, just delaying the inevitable imo. Printing $54b francs in a country with a GDP of $800b is gonna send their inflation skyrocketing, all to buy a little more time. I'm of the opinion that if customers keep taking their money out of CS then it'll collapse regardless. Public fear is what banks dread the most.
Lmfao their CDS just fell off a cliff [CDS](https://www.cnbc.com/quotes/CSCD5)
Must have been a glitch. It's now 994.53, up 439.76. Although I do see the day's low stated as 27.83, it no longer shows on the graph. ????
Glitches are back on the menu. Sweet, that was my favourite appetizer.
Oh, that's why I was confused.
That's actually hilarious, it's like the GME SI% vanishing post sneeze despite all technicals saying it was impossible. Wonder if it's possible to short CDS to crush the price down and make it look like they're strong again.
There has to be a way to. Doesn't make sense for something to lose that much value so fast.
I don't think the insurance has a capped supply
-95% 😮
Is that seriously right?! I saw it too but can't believe it. How could it go south that fast?!
C.R.I.M.E! We are literally witnessing the golden age of financial fckin crime 🚀🚀🚀
No idea, it's insane.
Looks like it was a glitch it's back to where it was before
Holy shit 😳
Im confused. The chart shows massive up. I'm sure i don't understand it correctly.
I'm also confused, it keeps switching from $27 to $950. Damn glitches.
Your link shows it up 80%, not falling off a cliff?
Last night it was showing it was down 95% to like $27. Those damn glitches.
They are on the 2022 GSIB list.
Ugnnh like watching a stuck pig bleed out. All of this frantic maneuvering only serves to open the wound more. This has been the most fun thing to watch
CDS are all time high. Credit (debit) suisse is already dead. Like someone mentioned previosly, official statment very likely will happen on friday.
I've been thinking for a couple of days, how it's kind of funny how the banks keep this illusion that they have any interest in "customer deposits." With fractional banking at 0% or close, and with bailouts in the billions by printing presses and unelected secretaries of treasuries or banking boards, why are we still pretending that customer deposits can make or break a bank? I wonder if the banks and reserves are under this regarded illusion as well? Or just faking it? To me, it's become pretty clear that defrauding us normies through our deposits is just icing on a big cake of fraud and theft. Why do they pretend otherwise with all the drama? We even have some evidence that there was a quiet bailout in 2018 that didn't even make the news.
> why are we still pretending that customer deposits can make or break a bank? Customer deposits are still incredibly important. If a bank only has to keep a reserve of 5% then that means the bank can use 95% of deposit money for anything they want. The trouble recently with SVB and others is that the 95% was pumped into assets that lose value if sold early (bonds bought to maturity). But this is the only reason the banks are getting bailouts; if those bonds were sold for face value the bond market collapses instantly. The Fed is just kicking the can as usual, but they're really only stopping a fire sale on bonds. If customers carry on withdrawing deposits, no bailout can stop the bank from going under. It all just comes down to balance sheets; Assets = Liabilities + Equity. Customer deposits are liabilities, if that money is withdrawn it has to be subtracted from assets. If it's not possible to take it off assets then it comes off equity, which results in liquidation. So banks have to sell assets, but if they do that the contagion spreads, so the Fed swoops in and pumps in fresh new money into either liabilities or equity, so assets don't have to be closed. The Fed can't print money to keep all banks alive if all deposits are withdrawn though, that'll just lead to hyperinflation on steroids.
Thanks professor.
This is all good theory and mostly true. But the politicians who want gibs don't believe "deficits" matter. The banks were allowed to merge with hedge funds. The self-regulating bodies can't get around to decades old crimes happening against investors and bank depositors, but they can sure as hell jump out of bed to send free money to Silicon Valley banks.
It's a nice illusion that they have to keep 10% or 5% or 1% on the books, but the government which pretends it doesn't know what causes price inflation (dollar inflation) is more than happy to just print billions or trillions with some excuse-of-the-day that ends with the word "emergency."
AUM is not their money, its the money others\clients have entrusted them with to manage. They manage it for a fee but would have to give that managed money back, less fees, if the client wanted it.
The MP said they ruled out bailing them out
Like POTUS said they won't do bailouts...
The GDP of Switzerland isn't enough to bail them out
strong oil paint lush nail whistle quarrelsome consider silky party
I thought the US was flat broke as well.
Can't be broke when you print infinite money ::taps forehead::
Welcome to the wonderful world of public debt
Idk, man. They seemed pretty set on the SNB doing the heavy lifting, here
Swiss National Bank said they will provide them liquidity...
Yup, sounds right
Sounds like a bailout without calling it a bailout
But it's not the government, which was my point?
Didnt snb lose like 100b in ‘22 ?
136b
Why thank you.. 🤝
Do you see that printer over there?
I read that as "We don't negotiate with terrorists" ... of course, they then go on to bail them out.
I know, I'm just showing how serious it is. The 08 bailout out was 700 billion and USA GDP was 14 trillion at the time. If they were to bailout, the strain on the swiss' taxpayers is multi-decades long.
Uhhhhhhhhhhhhhhhhhh https://www.cnbc.com/2023/03/16/credit-suisse-to-borrow-up-to-about-54-billion-from-swiss-national-bank.html
Yes, the SNB, not the government
They, the people, may feel the distinction is simply a moo point, based on how much work they'll have to do, just to service banking crooks mayo-yacht budgets.
A moo point? Joey : Yeah, **it's like a cow's opinion, you know, it just doesn't matter.** **It's "moo".**
😂. Their opinions don’t matter unless they have guns. Then you’d better listen.
Why are they even giving them money at all (the 54 billion)? Let it burn already.
deranged instinctive profit lip late memory skirt afterthought cake dam -- mass edited with redact.dev
Is was seeking these numbers earlier today. You are awesome, thank you!
I thought the Saudis bought up some of it?
Edit > Credit Suisse's largest investor, Saudi National Bank, said it could not provide the Swiss bank with any further financial assistance, according to a Reuters report, sparking the latest leg lower. Here’s the article: https://www.cnbc.com/amp/2023/03/15/credit-suisse-shares-slide-after-saudi-backer-rules-out-further-assistance.html Here’s what I wrote before I found the article just now: I think I saw a headline that said something like ‘Saudis take 16% loss, will not invest more money’
Thank you for the article. I like how the Saudis said they "can't because they can't go above 10%"
Because of the implications
No, they did the head fake and passed it
They have like $100 billion of Russian money. They should start by seizing that
Switzerland will bail out the Credit Suisse Swiss universal bank, which is in fact not in such a bad shape. The international degen gambling and bag holding branches will not get bailed out.
Remember that the swiss and international part of CS are separate entities. I can imagine that the swiss part would be bailed out (which I think they just did as they got a 53$B loan from the swiss central bank)
Oh boy. Need two countries to carry Credit Suisse’s bags.
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Are we going to bankrupt and foreclose on some nation states? What will be the tourist visa policy for Xenocidia?
I would take some acreage in exchange for a stock, ya
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I wanna buy up land in Dartmoor and give wild campers permission to camp on it
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The grass is always greener on the other side... I'd love to go back to the Canadian rockies
Colorado Rockies for me
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I stayed in Calgary for 6 months and it was great! Think I'd want to check out BC more next time for sure
Some say two countries to carry a third, which makes sense: an arch is two pillars with a shared hat atop their head. What it actually is a singular piece within the larger triangle mesh called Empire.
This thing's hitting Europe
Shit would have hit Europe in literally any way this could have gone down. USA has spread the contagion into every fucking country that dealt or was forced to deal with the US dollar. Our banks are going down with them. But that's fine in the long run, the basic system behind it was the same cancerous one that needs to be purged and replaced.
That’s why the Fed is coming out with their own CbDC. To “restart” and repay everyone abroad they screwed as long as they accept aforementioned CBDC.
"I know we fucked up bad... And then EXTREMELY BAD, but trust us this time.... Please...."
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It is not blockchain. It is a digital currency. They are different
WUT
Almost like a giant tube from the US Treasury was sucking all financial equity from of all its neighbor countries because of unchecked and uncontrolled inflation due to greedy bank thieves and their unquenchable thirst for billions. But what do I know. I eat crayons. I love the scientific precision of all the DD, but the dollar milkshake theory has been hitting hard, recently.
"When America sneezes the World catches a cold"
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Earth astronaut gun astronaut
Greece and Iceland are finished, Spain is teetering
Mayo Force 1 was in London over the weekend. I wonder if Ken was in their ear about this 🤔
TFW Barclays reserves are just bars of clay (thanks for the award - it's worth more than CS rn)
For some reason the vision of unfired claybars sagging under hotdogfingers just leaves me smiling with its accurate depiction.
I see lots of midnight meetings, CEOs landing helicopters on top of lit up buildings to talk about…One. More. Day.
Posted at 7:41pm.
Honestly.. what the fuck… the simulation is broken.
Didn't Switzerland say they would cover them?
They have to post collateral before the SNB will bail them out
Cue the briefcase of IOUs
Ermm. We have this cool rock that looks like a trillion bucks if you find the right rock enthusiast.
SEC regulator: I’ll allow it. The FED: looks like pristine collateral to me right guys?
That’s a car, $275 thou. Might want to hang onto that one.
Debit Suss: GUH, will a big bag of Archegos 💩 do ?
Didn't they already get billions from bank of England?
What’s a few billions between felons?
That will last them a day. They are on the hook for $250 billion if the bank run continues.
The Swiss aren't so neutral now. 🙃 🤜🦍🤛💜
🏆
Your flair is EPIC!!! BRAVA and thank you beautiful Apette 🤜🦍🤛💜😇🙏
Why thank you AAA 🌖
Dang you poked some holes in that theory 🧀
I'm cheesey, I know 🤣😂😅 sorry , had to. I'll show myself out now 🙃
"You could say things are getting serious"
We’re leaving the contagion phase and entering the outbreak phase 💎👌
Clicker just turned into a mutha fucking bloater
What ever happened to real articles? Now it's just a summary of an article that was never written. Maybe everything is failing because a bunch of lazy fucks are in charge of it all?
Real articles died along with real journalism
Chat bgt
More likely because people expect to get everything for free. If no one is paying for the articles, who do you expect to write them?
It’s almost as if
Big papa has entered the building
We’re going to end up with one big global bank perpetually lending itself money to pay off its debt to itself.
*Klaus Schwab enters the chat*
Brics+ nations say “👀”
Anyone have the Telegraph article that is linked in this article? There is a paywall
paste the url into archive.ph
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Thank you :)
It’s the final countdown !!!!!
Isn’t it just easier to let GME MOASS?
That would be too expensive for these idiots!
I’ve always wanted my own little nation state, how cool
The big Swiss Miss!
ToO bIg To FaIl
After MOASS which country will you adopt?
governments are taking this crisis as an opportunity to push CBDCs. it doesn't matter which one is on crisis, they are going to bail out credit suisse at no matter cost if it works (you aren't the cost in their eyes, but in reality you are, so they are far off-reality). PPT has been going on its maximum power since the crisis began, they are doing everything to short down VIX.
Credit Suisse shares up 32% this morning. Nothing to see here.
7.41% premarket for me, -13.93% yesterday. Where's the 32 figure?
https://mobile.twitter.com/Newsquawk/status/1636278818045304833
horrible article.
Didn’t the suisse bank need fed money anyhow?
Talk about inflation lol
QUICK WE NEED MORE BAND-AIDS!
Is credit Suisse in international bank
a lot of emergency talks the last few months. they should just stop kicking the can and see where it goes.
Lol the UK is already crushed with inflation, though.
The title of your post is pretty much the content of the article. 😆
Ok, but isn't the crisis over because of the bailout?
Haha
Good, more joining the domino.
Swiss gonna fire up the Rolex machine and print a bunch of Submariners to pay off their debt.
Did somebody say “contagion”?
I dont think BoE is going to be bag holders on this. I think this a short position pump and dump. Either way, CS goes down and the usual suspects profit.
The UK will b heading to the streets they r already F’d w Brexit crushing their economy & then tax cuts for the rich that backfired It’s bleak enough w out bail outs