CRISIS J.P. Explains Banking Collapse
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Cowgirl4christ
Senior Member
This is great!
ralfy
Member
Increased credit needed to rescue the economy recovering from economic crisis, which in turn contributed to inflation, then addressed by hiking interest rates to soak up excess money, which in turn made bonds less attracting, which with depositor withdrawals to cover loses due to the crisis caused banks to fall apart because they had to sell bonds at a loss and cover differences by selling their other assets, which in turn will require additional credit injected into the system to avert more collapses, which brings us back to our first problem.
John Deere Girl
Veteran Member
JP is hilarious! I just found his stuff a few weeks ago!
jed turtle
a brother in the Lord
Er, most of my “assets” are in the “safe and capable” hands of the SS Administration (And Congress...) , just waiting to be sent to my account down at my local financial institution.
what could possibly go wrong?
Groucho
Has No Life - Lives on TB
Remember, the vegetable in chief says you're not supposed to worry. There, you feel better already, don't you.
Well, don't you?
jed turtle
a brother in the Lord
Your question is starting to make me uncomfortable.
actually, my “real” assets are my living-close-by Family members, our general overall health ( mom lives across the dead end dirt road , is 93 and seems to enjoy guilting me by shoveling the snow off her ramp before I get there in the morning), the firewood for heating the house comes from the forest around me, organically grown food from the garden and chicken flock, and a small but close association of like-minded rural Christian friends. I pray that the government doesn’t notice that I am not shaking in my boots in fear of it’s every dictate, nor that I still don’t have their satanic brew injected into my veins. So things could be worse. probably will get worse. But maybe AI will fix the government before it gets around to “fixing me”?