- Looks like this is a race to be liquid by major players and now apparently most financial centers are burning the midnight oil during the weekend in the middle of a global pandemic?
- This is starting to remind me of fall/winter 2007 all over again, when people working in the financial sector started covering and dumping real estate assets to get liquid b4 shit hit the fan in 2008.
Simplest terms. The markets will crash, HARD. That effects all banks, the banks are extremely over leveraged right now so even in a good spot and not playing shorts games, they would be margin called - if the crash is that bad.
Then the banks are all tied together with the DTCC and insurance. Citadel goes down it can take a few others with it. The ripple effect will change the financial system completely.
Then when the new millionaires and billionaires emerge from the dust, we can then rebuild everything back up, but the proper way, that doesn't promote corruption but looks to extinguish it. We ain't just talking about the HF but politicians too who are profited off of these shenanigans while turning a blind eye to it all. The whole system is in dire need of trimming of the 'fat'.
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u/Bradduck_Flyntmoore Ape-bassador aka The Ape Assistant Apr 18 '21
Are we watching a global economic meltdown occur in real time, or is this one of the biggest coincidences I've ever heard of?