superb@ffone
NoTax
The stock market collapse
Please understand what’s going on people
LIBOR vs SOFR
The City of London and Brussels
Borrowed 10’s of trillions in Eurodollars at the London LIBOR rate from U.S. banks (it’s more likely it’s over $100 trillion)
Now as of today the *borrowed Eurodollar’s are not indexed to LIBOR but now have SOFR indexing.
This is causing those bonds in the ECB and the national central banks in the E.U. to be massively sold back those Eurodollars to the G-SIB banks from which they came from. (Derivatives).
This is leading to the 50% stock collapse that will likely happen before November
Then you have Basel 3 kicking in on October 1.
U.S. Treasury bonds no longer meet collateral requirements for G-SIBs starting Oct 1
It’s all coming down now.
Please understand what’s going on people
LIBOR vs SOFR
The City of London and Brussels
Borrowed 10’s of trillions in Eurodollars at the London LIBOR rate from U.S. banks (it’s more likely it’s over $100 trillion)
Now as of today the *borrowed Eurodollar’s are not indexed to LIBOR but now have SOFR indexing.
This is causing those bonds in the ECB and the national central banks in the E.U. to be massively sold back those Eurodollars to the G-SIB banks from which they came from. (Derivatives).
This is leading to the 50% stock collapse that will likely happen before November
Then you have Basel 3 kicking in on October 1.
U.S. Treasury bonds no longer meet collateral requirements for G-SIBs starting Oct 1
It’s all coming down now.
