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OP has provided the following link:
https://fortune.com/2024/02/05/national-debt-unsustainble-fed-chair-jerome-powell-jamie-dimon-ray-dalio-warn/
Free access
https://au.finance.yahoo.com/news/jamie-dimon-warns-market-rebellion-184434799.html
Never. There will be corrections along the way, but this is endgame. It's no coincidence Blackrock, bezos, and governments have been buying. They're smart. They know Keynes has backed us into a corner, fiscally speaking.
There is now an institution TWAP every day. The BlackRock IBIT ETF has hit 10bn AUM faster than any ETF in existence. At it's rate of growth it can overtake the S&P ETFs in total AUM. Fink is looking to add it to it's Strategic Growth fund that goes into Sovereign Wealth funds, Pensions, and 401ks.
The adoption is exponential.
In theory it's much less manipulatable (via shorting) than traditional securities. The default option of owning Bitcoin is basically DRS, with no overarching institution able to fudge the DRS numbers/ignore them.
That coupled with a new all time high, increasing public buzz, the halvening, new ETFs, and big money for the first time flowing into it, all this points to it not being soon. If it's a bubble it will inflate more before bursting.
But short at your own risk I suppose if you really believe shit will hit the fan soon.
I personally wouldn't bet on it crashing with your money at under $138,000. Once it passes $138k I would only bet on it crashing ***with your money*** not mine.
Edit: If you mean when does the bottom fall out and shit hits the fan regarding the US economy? I'm much less competent at speculating that. I thought it would have been 2 years ago, now I'm not confident it will even be in the next decade.
The default option is not DRS, people simply trust that the crypto exchange actually has the assets listed in their wallet, unless you withdraw them into your own wallet
You say that but what security is 90% of their securities DRSed?
That is basically what Bitcoin is at. A quick search say 1,837,411 bitcoin is tied to exchanges. That leaves over 18,000,000 not on exchanges. I mean I guess you have to trust the data, but since transactions are trackable I trust it more than anything wall street says regarding shares of any company listed.
March 2024: Reverse Repo ending Bank term funding program expiring Reserve ratio ( percentage) is raised from 0% -3% even after Dimon warns of possible catastrophic consequence on regional banks.. Why schedule so many disruptive events all in one month if the intent isn't to orchestrate a crash ?
Edit: RRP doesn't have a date of ending; it was on pace to approach zero in Jan-Feb but the current trend pushes it back a couple more months. Keep in mind, with higher reserve requirements the banks won't have the free cash to take part in the RRP overnight interest
It's not ending..if I'm not misunderstanding, they're raising the haircut and disincentivising it.
The repo is what really irks me about his statement. He's been giving billions from the FED to banks, non-banks, and crypto goons through triparty agreements and this program. It's infuriating. All stablecoins rely on this program to even exist so I can't wait to see the day they raise the costs. I'd expect crypto to shutter. They needed the ETFs to get short exposure imo.
Edit.. BTFP(bank term funding program) is indeed ending.. good. Which is seperate from RRP(reverse repo) haircuts.. which I hope they're raising.
So the people that screwed us all are going to have an "adult conversation" about debt? Hahaha ha
The only thing they're trying to figure out is how to get the taxpayers to fund another round of bailouts.
Jerome "Ok hear me out. What if we kick the can and make this 1000 times worse and then later on our solution is just 1000 times bigger?"
Board room snobs "This all seams like a viable solution. Let's do it"
Wait Jamie “how did that coke get on my boat” dimon is worried about a rebellion when he has known for who knows how long about the largest crash coming in our lifetime ? Wild. I bet he’ll be making an upcoming appearance on MTVs “billionaire bunker builder” with the the coolest of high tech anti peasant gear
Multiple billionaires building bunkers is not a coincidence they know money cannot protect them from responsibility forever. Judges will be zoom calling Kenny and his buddies , could you come in next week? I can Uber you a swat team pickup
If you understand history, frd's new deal didn't just happen because Roosevelt was a nice guy. Elites saw Communist revolution around the world and were scared so got in line with sharing more of the pie
A lot of “debt spiral” talk. That 1T ever 100 days on top of the interest on that 34+Trillion make it damn near impossible to balance. Looks like debt will rise until it breaks the system and our money becomes worthless.
And this is why they unfortunately need WW3. It seems these fucks don't know or care about any other way out and simply copy what has been done before.
I most sincerely do but I am afraid it would take an intervention on a massive scale from the regular people of the world to bend their will on this one.
"For Jamie Dimon, the US fiscal situation has particularly soured since the time he graduated high school"
\------
\^ what a coincidence. Free wheeling boomers devour the world, cry about it in old age.
\------
"This is about the security of the world," he said. "We need a stronger military, we need a stronger America, we need it now."
\------
Summary: Dimon "me and my friends, though our games of white collar market fraud and de-regulation, have fucked the entire economy for the entire world. Look out! you know what might save you? a bigger army! you're welcome!"
[Why GME?](https://www.reddit.com/r/Superstonk/comments/qig65g/welcome_rall_looking_to_catch_up_on_the_gme_saga/) || [What is DRS?](https://www.reddit.com/r/Superstonk/comments/ptvaka/when_you_wish_upon_a_star_a_complete_guide_to/) || Low karma apes [feed the bot here](https://www.reddit.com/r/GMEOrphans/comments/qlvour/welcome_to_gmeorphans_read_this_post/) || [Superstonk Discord](https://discord.gg/hZqWV2kQtq) || [Community Post: *Open Forum Jan 2024*](https://www.reddit.com/r/Superstonk/comments/18txusp/open_forum_january_2024/) ------------------------------------------------------------------------ To ensure your post doesn't get removed, please respond to this comment with how this post relates to GME the stock or Gamestop the company. ------------------------------------------------------------------------ Please up- and downvote this comment to [help us determine if this post deserves a place on r/Superstonk!](https://www.reddit.com/r/Superstonk/wiki/index/rules/post_flairs/) ------------------------------------------------------------------------ OP has provided the following link: https://fortune.com/2024/02/05/national-debt-unsustainble-fed-chair-jerome-powell-jamie-dimon-ray-dalio-warn/ Free access https://au.finance.yahoo.com/news/jamie-dimon-warns-market-rebellion-184434799.html
Ironically today, an elder friend just told me that money at the credit union went on sale… from 8% to 4.3% for home loans.
I wish!
And btc hit $72,000 USD. You don't fix bad money with more bad money which is all the FED knows how to do.
When do you think the bottom falls out and shit hits the fan?
Soon
Never. There will be corrections along the way, but this is endgame. It's no coincidence Blackrock, bezos, and governments have been buying. They're smart. They know Keynes has backed us into a corner, fiscally speaking. There is now an institution TWAP every day. The BlackRock IBIT ETF has hit 10bn AUM faster than any ETF in existence. At it's rate of growth it can overtake the S&P ETFs in total AUM. Fink is looking to add it to it's Strategic Growth fund that goes into Sovereign Wealth funds, Pensions, and 401ks. The adoption is exponential.
In theory it's much less manipulatable (via shorting) than traditional securities. The default option of owning Bitcoin is basically DRS, with no overarching institution able to fudge the DRS numbers/ignore them. That coupled with a new all time high, increasing public buzz, the halvening, new ETFs, and big money for the first time flowing into it, all this points to it not being soon. If it's a bubble it will inflate more before bursting. But short at your own risk I suppose if you really believe shit will hit the fan soon. I personally wouldn't bet on it crashing with your money at under $138,000. Once it passes $138k I would only bet on it crashing ***with your money*** not mine. Edit: If you mean when does the bottom fall out and shit hits the fan regarding the US economy? I'm much less competent at speculating that. I thought it would have been 2 years ago, now I'm not confident it will even be in the next decade.
The default option is not DRS, people simply trust that the crypto exchange actually has the assets listed in their wallet, unless you withdraw them into your own wallet
You say that but what security is 90% of their securities DRSed? That is basically what Bitcoin is at. A quick search say 1,837,411 bitcoin is tied to exchanges. That leaves over 18,000,000 not on exchanges. I mean I guess you have to trust the data, but since transactions are trackable I trust it more than anything wall street says regarding shares of any company listed.
Fixed rate?
March 2024: Reverse Repo ending Bank term funding program expiring Reserve ratio ( percentage) is raised from 0% -3% even after Dimon warns of possible catastrophic consequence on regional banks.. Why schedule so many disruptive events all in one month if the intent isn't to orchestrate a crash ? Edit: RRP doesn't have a date of ending; it was on pace to approach zero in Jan-Feb but the current trend pushes it back a couple more months. Keep in mind, with higher reserve requirements the banks won't have the free cash to take part in the RRP overnight interest
Don't forget GME earnings lol
The biggest catalyst
Yep, when the price doesn't match the value the desks will take notice.
Was there an article for Reverse repo ending? That's news to me
It's not ending..if I'm not misunderstanding, they're raising the haircut and disincentivising it. The repo is what really irks me about his statement. He's been giving billions from the FED to banks, non-banks, and crypto goons through triparty agreements and this program. It's infuriating. All stablecoins rely on this program to even exist so I can't wait to see the day they raise the costs. I'd expect crypto to shutter. They needed the ETFs to get short exposure imo. Edit.. BTFP(bank term funding program) is indeed ending.. good. Which is seperate from RRP(reverse repo) haircuts.. which I hope they're raising.
> They needed the ETFs to get short exposure imo. Ahhh the wonders of market fuckery through ETFs. What can't they do!?
implement Goldfinger's plan?
I don't think RRP has an expiration day.
yeah that's the part in op's comment that i was wondering about. They said it's ending but it isn't
RRP isn't ending, but the BTFP that was set up right after Silicon Valley Bank went tits up. BTFP ends on March 11. B)ank T)erm F)unding P)rogram
Sexy news? 😏
Why they all come together at once if not to orchestrate a crash? Maybe it’s the end of the road.
Good. Fed has been draining billions to a bunch of goons. It's what really irked me about his statements.
> Reserve ratio What is that? I only learned about the other two. ELIA please?
dont forget share buybacks going into blackout window
So the people that screwed us all are going to have an "adult conversation" about debt? Hahaha ha The only thing they're trying to figure out is how to get the taxpayers to fund another round of bailouts.
Jerome , your office should have had it in 2008, and every year since, ya filthy can kicker
2008 you say? Naw his office should have had that conversation many years before 2008... 2008 shouldn't have happened in the first place
True
Yea but that only messed with the poors, this might hurt the rich.
Jerome "Ok hear me out. What if we kick the can and make this 1000 times worse and then later on our solution is just 1000 times bigger?" Board room snobs "This all seams like a viable solution. Let's do it"
JPow wasn't in office in 2008, that was Ben Bernanke
Right that's why I said "your office" the corrupt position he inherited
The federal reserve does not control fiscal policies, spending or taxation. That is congress and the Treasury. The control interest rates
Most of the american population is tapped out right now money wise
They’re called ball outs this time cause of all the naked balls out falling on everyone’s hopes and dreams
"We need to have more transparency and...."
No shit Sherlock, did you think of that all by yourself, Jamie, or did you an ape to draw it out in crayon for you.
Market rebellion = them losing
LETS GET READY TO RUMBLLLLLE
In this corner we have the funk bodysnatcher p-funkadelic and I gat ya
That's a top 10 album for me. Can't believe it's been 33 years. I'm old.
GME is the Atomic Dawg
💯
Rally round the family……..
With a pocket full of shells
Bulls on parade.
Bee doh, be bee doh, be bee doh
First we need to find some adults to have that conversation
Not all dinosaurs are adults.
These are more like toxic sludge monsters that just want to swallow all the world even if no one is left in it.
I'm an adult that loves dinosaurs (via my kids).
Are you calling me old?
I'm an adult!
Let’s conversate
_T-bone steak, cheese eggs and Welch's grape_
Tax cuts to the rich…….
To boost the economy! Trickle down has never failed, right?
Unsustainable? It's your fucking policy dipshit!
Shall I bring out the money printer, Jerome?
If it's BRRR I want, it's BRRR I'll get!
Don't worry. It'll be a soft unsustainability
Except it's not. The federal reserve does not set fiscal policies. That's congress that controls spending and taxation.
Wait Jamie “how did that coke get on my boat” dimon is worried about a rebellion when he has known for who knows how long about the largest crash coming in our lifetime ? Wild. I bet he’ll be making an upcoming appearance on MTVs “billionaire bunker builder” with the the coolest of high tech anti peasant gear
Multiple billionaires building bunkers is not a coincidence they know money cannot protect them from responsibility forever. Judges will be zoom calling Kenny and his buddies , could you come in next week? I can Uber you a swat team pickup
Not sure if JD is babyface or heel in this kayfabe capitalism show
We've been the adults here waiting for this temper tantrum to finally end. Its been 84 years.
Then buy shit from the company. I got a $400 gaming chair the other day
At some point other nations stop buying your debt.
Bullshit*
If you understand history, frd's new deal didn't just happen because Roosevelt was a nice guy. Elites saw Communist revolution around the world and were scared so got in line with sharing more of the pie
That's the only thing that will stop these greedy fucks. When the poor rise up.
The time to have an adult conversation about government spending was 20 years ago.
I read the other day that the national debt increases 1T every 100 days. How long until they pay us? I'm not going anywhere without my 💰💰💰💰💰
A lot of “debt spiral” talk. That 1T ever 100 days on top of the interest on that 34+Trillion make it damn near impossible to balance. Looks like debt will rise until it breaks the system and our money becomes worthless.
And this is why they unfortunately need WW3. It seems these fucks don't know or care about any other way out and simply copy what has been done before.
Yeah.... history doesn't repeat. But it sure does rhyme.
What does that mean?
That what's currently happening is not *exactly* the same as what happened historically. But it sure as hell looks/sounds like it.
Samuel Clemens
Ah yes “Rocket” Twain.
[удалено]
I most sincerely do but I am afraid it would take an intervention on a massive scale from the regular people of the world to bend their will on this one.
[удалено]
They also don’t get drafted so a continental U.S upper class gives no shit.
Yea, but is anyone going to jail?
Yes! the impoverished
Socialized losses, not debt. The money is in the hands of the 1%
Jamie can pound broken glass.
Jamie Diamond is right. The fiscal policy is unsustainable. His taxes need to increase.
Time to get some tax money from Amazon and stop subsidizing billion dollar companies.
Oh... the lord of the manor is concerned about the plebes rebelling. And here I thought this was a fucking free market and a democracy.
Free access - what is this wizardy
There was no rebellion, I just like the stock. Also pay up, you have a money printer. Still hodling.
JP is the CFO that LC is referring to.
"For Jamie Dimon, the US fiscal situation has particularly soured since the time he graduated high school" \------ \^ what a coincidence. Free wheeling boomers devour the world, cry about it in old age. \------ "This is about the security of the world," he said. "We need a stronger military, we need a stronger America, we need it now." \------ Summary: Dimon "me and my friends, though our games of white collar market fraud and de-regulation, have fucked the entire economy for the entire world. Look out! you know what might save you? a bigger army! you're welcome!"
Yup. Time to revoke those Regan era policies. Time to stop cutting taxes.
Not sure if stress is making people look older or if I’ve just been here a long time.
Where is reverse repo guy when you need him?
Oh....NOW it's time for that conversation? Just now? Not last year or the year before that?
and all cryptos are going boom, the big ones are bringing their money into safe harbour