Harbinger of things to come ??

[Paul]

Im subbed to USA youtube guy belangp  

Always liked his vids and analysis.  This one from today is very interesting 

 

 

Large changes to M1 and M2 supply in USA

Massive drawdowns from tied up "demand deposit" money in higher interest accounts moving to easy instant access checking accounts

$700billion moved from instant access accounts

Limits to number of withdrawals in a month

New regulations coming down the road ?

Are the chickens coming home to roost ?

a black swan event due soon ?

Any thoughts on this chaps ????

[KDave]

Big money sitting on the sidelines awaiting something. The big one coming for the markets perhaps? Bank bail ins? 

Tech bubble going to finally pop now that Tesla is in the S&P 500 to do maximum damage? 

[Roy]

8 hours ago, Paul said:

Any thoughts on this chaps ????

'Gold. Get you some, if you haven't already.'

*belangp

[MancunianStacker]

People in the UK seem to think the FSCS will save their wealth. The problem is, that guarantee is fixed in £s Sterling, so if the £ drops you could end up with just 1% of your wealth being refunded to you when it’s all over.

Hungarian (EU member) citizens had their private pension schemes bailed in back end of 2014 and the EU let it happen. It can happen anywhere anytime, especially if the Govt need the money fast (easy target)!Pension legislation can change!

https://www.ipe.com/hungarian-government-to-seize-remaining-private-pension-fund-assets/10004947.article

Hedge accordingly!

 

[jultorsk]

Great insight - I do like belangp vids. 👍

Macleod speaks a bit of the same (around 14min mark) and then some. 😁 

 

[TownCalledMalice]

22 hours ago, MancunianStacker said:

People in the UK seem to think the FSCS will save their wealth

There's also the matter that if the UK suffers a cataclysmic banking failure (not just a 'Northern Rock') then the FSCS most definitely does not have the ability to 'cover' 80% of the UK's deposits.

With the whiff of what may be coming hanging in the air, if one of these incestuously interlinked financial institutions goes, they probably all will!

My bet then would be that the Government would guarantee to compensate via an 'income' type scheme that would quickly be integrated into a UBI framework - why let a good crisis go to waste 😜 

On 20/12/2020 at 06:21, Roy said:

Gold. Get you some, if you haven't already.'

*belangp

Yup!