Sunday, March 19, 2023

Global Central Banks Are Trying To Stop A Possible Liquidity Crisis

 

CNN: Fed and other central banks try to head off crisis by keeping dollars flowing 

The US Federal Reserve and several other major central banks announced a coordinated effort Sunday night to boost the flow of US dollars through the global financial system with the aim of keeping credit flowing to households and businesses. 

“The Bank of Canada, the Bank of England, the Bank of Japan, the European Central Bank, the Federal Reserve, and the Swiss National Bank are today announcing a coordinated action to enhance the provision of liquidity via the standing US dollar liquidity swap line arrangements,” the central banks said in a joint statement. 

Sunday’s statement came just hours after Swiss authorities orchestrated an emergency takeover of Credit Suisse by UBS. Credit Suisse — one of the 30 most important banks in the global financial system — was bleeding money last week after investor and customer confidence collapsed.  

Read more ....  

Update #1: Central banks try to calm markets after UBS deal to buy Credit Suisse (Reuters)  

Update #2: Fed Panics, Announces "Coordinated" Daily US Dollar Swap Lines To Ease Banking Crisis (Zero Hedge)  

WNU editor: When “The Bank of Canada, the Bank of England, the Bank of Japan, the European Central Bank, the Federal Reserve, and the Swiss National Bank are forced to put out an announcement on a Sunday to calm markets, that is when you know that we are in the middle of a global banking crisis.

5 comments:

Anonymous said...

Like I said many times here, get your hands on physical gold and silver. Firearms and ammo is also an excellent hedge against the unknown. 10% of your portfolio should be in in precious metals. Shit is going to hit the fan well within our lifetimes, and you’ll be sorry that your a liberal when it does. Peace

Anonymous said...

The liquidity crisis will last as long as liberals misallocate money.

Liberals are going green in particular and ESG in general and are showing not enough or any profits for the money invested.

As I post SVB's portfolio is being investigated. The amount of Chinese companies that Biden has saved has not been added up as of today, but it is coming. The amount of Green companies loaned money has been counted. One of them operates in Ohio and is called Pink. It has been overpromising savings to customers and now their is a lawsuit against it brought by the state.

Of course SVB is heavily invested in California wine country and is tied to Governor Newsome. He'll claim blind trust. I do not believe blind trusts are blind for people at that level.

I will assert that growing grapes is anti ESG. Another type of ground cover could affect CO2 more in a positive way. The elites however must have their drug or at least one of them.

SVB also has joint venture with a CCP party controlled Chinese company.

SVB had quarterly DEI town halls headed the CEO. the CEO had tie for that, but not the books.

SVB's failure is all on the D-rats. Ditto Signature Bank.

Signature Bank only had a market cap of 4.4 billion.

4.4 < 50 (Dodd-Frank)

So Signature Bank did not have to do Fed stress tests. However, Barny Frank sat on the board.

Here is the question:

Just because something is not required by law does not mean that a company cannot just do it as part of best practices. So why did Signature Bank not conduct its own stress test?

The answer is:

The answer is Signature Bank already passed the test. They cared. They were liberals. they took ESG seriously.

Barney Frank could not be found for comment. Word is he had just left for fire Island hunting for bugs.

Anonymous said...

“The Bank of Canada, the Bank of England, the Bank of Japan, the European Central Bank, the Federal Reserve, and the Swiss National Bank are today announcing a coordinated action to enhance the provision of liquidity via the standing US dollar liquidity swap line arrangements,” the central banks said in a joint statement."

The US dollars they will rely upon are pieces of paper. The Federal Reserve will print more and more pieces of paper. And because of this, inflation in the USA will go through the roof.

Anonymous said...

Biden is a democrat so of course this will happen. Plus liberals are the establishment and this is their money, so of course they will beggar everyone else to save their cush lifestyle.

Obama had near 0 interest rates to support the economy when he was president. It allowed him to act like an infant and not take care of the economy. So there is precedent. The Dead Scott Decision was also precedent.

Roger29palms said...


If I knew the dollar laying in the street was virus free and a large enough denomination I might risk a back injury to pick it up.

Might.