2 sats \ 6 replies \ @TomK OP 30 Nov 2022 \ on: Bank run: Credit Suisse could be first Domino to fall bitcoin
Sorry for the shitty writing. I tried it by voice and I am sitting in the train. Here again with less mistakes:
Credit Suisse seemes to have a bank run over the last days. It is possible that other banks are withdrawing billions and billions of dollars off the bank so that the Fed had to offer swaplines to the Swiss central bank to back off the debt positions of Credit Swiss. It is the first domino to fall, more contagion will be coming. Interesting that today Brazil seems to promote Bitcoin es legal tender besides their traditional currency unit? Watch for the BRICS+ group to figuring out other ways of circumventing the dollar
write
preview
2 sats \ 1 reply \ @Wumbo 30 Nov 2022
What resources are you looking at to see withdraws from Credit Suisse over the past few days?
I am not doubting you but I want to monitor it going forward.
reply
2 sats \ 0 replies \ @TomK OP 30 Nov 2022
Here you see the outflows https://twitter.com/MadInflation/status/1597919752244297728?s=19
reply
2 sats \ 3 replies \ @siggy47 30 Nov 2022
I have been watching Credit Suisse for months, amazed at what or who is keeping it propped up. Last night I watched "Margin Call", a film which depicted the 2008 collapse of the MBS market. Here we go again.
reply
1 sat \ 2 replies \ @TomK OP 30 Nov 2022
Big outflows
reply
2 sats \ 1 reply \ @siggy47 30 Nov 2022
Down another 2% pre market in the US
reply
0 sats \ 0 replies \ @TomK OP 30 Nov 2022
Seems to me they only can restructure and merge this black hole with another one. UBS??
reply