Post by
metalhead666 on May 04, 2023 7:48am
Be afraid....They will destroy banking on purpose now....
JP Morgan...if you remember your Great Depression history...was a blood sucking vampire. Nothing has changed. By letting the regional banks fail they get to feast on the carcasses without having to buy them whole. Their game plan is to wreck the regionals, let the FDIC take them over and then swoop in to pick the good assets while leaving the guts and bones for the taxpayers. There's now no incentive to "help" but a compelling winning strategy to push these regionals over the side so they can become even bigger too big to fail. Just like the scumbag founder whose name they retain.
NYC commercial real estate vaccancy rates hit all time highs. Same is taking place all over the country. This is the next shoe to drop kicking the banks holding worthless leases over the cliff so JPM can pick through even more rubble and dead bodies.
Comment by
goldstd69 on May 04, 2023 12:18pm
afraid you are right...our big cities are destroyed...crime is rampant...downtown Seattle is a ghost town and unsafe at all hours...no wonder commercial real estate in these cities is in the tank and the banks backing these tall buildings are in the tank....God Bless rural America where the American dream is still alive and cherished....pray for America
Comment by
metalhead666 on May 04, 2023 12:43pm
The entire moral fabric of the US is in the gutter. Civility is dead. It's all downhill from here and there's nothing anyone can do about it at this point. "praying" is just as useless and stupid as technical analysis.
Comment by
goldstd69 on May 04, 2023 12:58pm
metalhead I am one of those old fashioned stupid ones...another positive in play for IAUX is that Equinox is less likely to sell anymore of its shares of IAUX with the gold price rally in play...IAUX could get a boost here...jmho
Comment by
metalhead666 on May 04, 2023 2:40pm
True regarding EQX not likely to dump more shares. "Old fashioned" and "stupid" don't have to go together.