As the world wakes up to the news that Credit Suisse is receiving a $50 billion bailout from the Swiss National Bank, JP Morgan today announced that the US Bank Term Funding Program (BTFP) could inject as much as $2 trillion of reserves into the US banking system. This is fine.
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#BankCollapse #CreditSuisse #FinanceNews…(read more)
LEARN MORE ABOUT: Bank Failures
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The financial crisis of 2008 saw banks across the United States struggling to stay afloat. The government stepped in with a massive bailout program that saw billions of dollars poured into the banking sector. Now, a new report from JPMorgan Chase suggests that the total amount of bailout funds could reach $2 trillion.
JPMorgan Chase, one of the largest banks in the United States, has released a report stating that the Federal Reserve may have to inject an additional $1.5 trillion into the economy to combat the ongoing financial fallout from the coronavirus pandemic. This comes on top of the roughly $500 billion that has already been pledged by the government.
According to the report, the additional funds will be needed to help offset the impact of the pandemic on businesses and individuals alike. The report suggests that more and more businesses will be forced to close their doors, resulting in an increase in unemployment and a decrease in consumer spending.
The bank also suggests that the Fed might have to launch additional programs to help shore up the economy. This could include loans to small businesses, increased purchases of corporate debt, and even direct payments to individuals.
The new report has sparked a debate about the future of the economy and the role of the government in supporting it. Critics argue that the bailout funds could be used in a more targeted and efficient way, with a greater focus on helping small businesses and individuals who are most affected by the pandemic.
However, others argue that the scale of the crisis demands a massive response from the government, and that the focus should be on preventing a total collapse of the economy.
Regardless of how the funds are used, the new report from JPMorgan Chase underscores the scale of the ongoing crisis and the challenges that lie ahead. As the pandemic continues to sweep across the nation, it remains to be seen how effective the government’s response will be in preventing a full-blown economic disaster.
The Fed has to choose between burning down the US Dollar or burning down the US financial system. I have a feeling it will find a way to do both.
CBDC is the opposite of Fractional Reserve Banking.
By the way the Swiss central bank is not the EU one. The Swiss one did bailouts and the EU one did rate hikes. Switzerland has its own currency and if it wants to crash that currency, well, that's why the EU wouldn't let it join the EU.
They already printed 300 billion. BTFP is just QE under a different name.
Yes thanks god the banking crisis is over.
All is normal again, nothing to worry about.
FED Printing money faster then a mixer.
Dude you do realise Switzerland isn’t in the EU, there are at present no banks in the EU experiencing crisis.
Day 7. Only 1st innings of crisis
Making it easy for the wealthy AGAIN and hard for the everyday people AGAIN… as always
When talking about $CS why didn't you bring up the Archegos collapse and the liabilities they had to eat?
But wait wait you gotta give the average Joe some slack….the ppl that ARE ROBBING us are THE SAME ONES that are distracting us! It's no wonder kids aren't talked to about finance, credit and the financial system in schools. They make sure the regular populace is dumbed down at a very very young age.
All they have to do is send rates back down to 100 basis points and Bond liquidity shortage is solved. The only problem is housing market may blow up !
Do you trust Fed policy? May be Fed doesn't have goal to fight inflation at all? May be there is completely different goal?
Thanks!
HOW THE F DOES SHITDOLLAR HAS ANY VALU. FED PUMPING IN MONEY AND RAISING RATES. HYPERINFLATION IS HERE. FED THREW IN TOWEL ON INFLATION. THEY CANT CANT STOP.
Anyone still paying taxes as the rich get hand outs?
The Pug abides.
This is truly wild times.
Everyone I know is buying silver in a panic mode
The world wide central banking system is nothing more than a gargantuan Ponzi scheme
If you up interest rates while you guarantee banks solvency. You keep banks safe, you can reduce bank losses long term if you can kill inflation with interest rate hikes. You just destroy average people along the way.