somebody's pain is another's gain...
The collapsed of SVBank, followed by SignatureBank & SilverGate bank seemed like an accepted phenomena ~ the run on SVB started with a withdrawal of $42bil, followed by a $120bil the next day
Someone must have wanted SVB dead
CreditSuisse collapsed thereafter was also aptly accepted & swallowed by UBS
Rumours of German DgBank was quickly dismissed as the German Govt stood firmly behind it
I have opined before that someday the MainStreet banks will be hit by the Sub#Street#eBanks and their crypto operations
The scary part is : every next collapse is bigger that the previous one yet they are termed "too big to collapse"
2023 is hounded by threats of wars, not just Ukraine/Russia but the unsettling SCSeas is boiling from provocations from western powers
Covid may have eased but the shortage of food and basic supplies will be aggravated if unrest erupts
Frankly, I hypothesize that we are nearer a nuclear WW3/war than any time before & there is nothing to freak(out). Why? When nukes fly, many of us will die even without knowing why
Dying in the immediacy of a nuke war is better than surviving the cold winter & days of no-sunlight, food, contamination of food chain, air & water
GOD never promised the end of the world but Man is mad enough to end it
In year 2000, I postulated that some day the world will be tri-polar: USA - United States of America, USE - United States of Europe and USAsia - United States of Asia and all will be oiled by MidEast
We are not far from this - hegemony is well and alive
I am neutral with whoever wants to dominate the world. Why? Anything that is beyond my influence and control is GOD's job
Man eats to live, not live to eat
Trading, buying & selling involve money which acts as a means of exchange but many are losing faith in the dollars/currencies
What will replace the dollars/currencies? The world may be forced to return to bartering but gold is surely a ready alternative
In the coming months, hard and soft commodities will rise and as shortages surface; this will be made worse by logistics breakdown
Cash is King but if money [as in currency were to lose it's value] becomes 'fiat', what value of exchange can it offer [ Fiat money is backed by a country's government instead of a physical commodity or financial instrument. This means most coin and paper currencies that are used throughout the world are fiat money. This includes the U.S. dollar, the British pound, the Indian rupee, and the euro].
The stock markets may be the savior when currencies lose their value
At the onset of a currency crisis, stock markets will swing down (plunge) but the companies will still have their intrinsic values. At some point during the plunge, money/currency will still be the main source of exchange and the same "money in hand" can buy more shares ~ fortunes reward the brave
Like inflation, share prices will rise again until another source of exchange is developed or definitive. Countries whose currencies are backed by gold will be the new arbiter and store of value
2023 is turbulent商机 but are you mentally prepared to capitalize on & reap the opportunities危机
The world will readjust
Are you ready to sit out the disruptions? It's not about how bad it is. It is whether you will be there when the good times are back
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