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preferredfault 8 points ago +8 / -0

It's something they absolutely couldn't just sweep under the rug. If they did it would give them future license to do it again, which also means that people can do again what they're doing now, which would mean they'd have to bailout wallstreet over and over and over for hundreds of billions of dollars, if not trillions. Democrats may like to make other people money and sell out our country, but they want some money for themselves too, and when wallstreet wants a huge chunk or more in a year than the federal government even gains in revenue, those are numbers even they can't reconcile with.

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War_Hamster 1 point ago +1 / -0

Yes. According to the BIS there are over $800 trillion in outstanding derivatives, and the number is about 3x that if you include synthetic trades. Almost 1/3 of that is interest rate swaps.

They argue that their net exposure is close to zero, but when your counter-parties start taking massive losses, everyone has to raise margin requirements and then the route is on. Net exposure becomes gross exposure very quickly. This is Bear Stearns on steroids.

It is entirely likely that this is part of the plan for the World Economic Forum's Great Reset.

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Liberty49220 2 points ago +2 / -0

mostly agree, but no way is the WSB squeeze part of any "great reset" plan. This totally upset the plan.

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War_Hamster 1 point ago +1 / -0

For clarification, after re-reading our posts, I'm not necessarily saying that WSB was part of their plan so much as that they have a plan to implode the markets (create a crisis) and then step in with their ready-made "solution" that somehow always looks a lot like a Dictatorship.

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War_Hamster 1 point ago +1 / -0

Their desperation in combatting the WSB Squeeze (that deserves capitalization) in the open in a blatantly illegal manner would seem to support your opinion.

I just think they're devious enough to have concocted the whole thing, so I'm keeping that possibility open.

You are likely correct.