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Re: shamalamadingdong post# 21119

Tuesday, 03/30/2021 12:15:04 PM

Tuesday, March 30, 2021 12:15:04 PM

Post# of 147552
The Fed has the Big Banks covered foreign or domestic in this hedge fund liquidation.
You see the markets going to new record highs my friend this is all hindsight now in the blink of the Fed’s printing presses.
In my opinion this liquidation was more of a planned jab back at Chinese because that is what is mostly what was liquidated Chinese stocks. Hedge fund was just used as a government front in my opinion as Nike and retailers like H&M being are being shut out of China for talking about slave labor camps in western populated Muslim China. Even though it was back in 2020 when Nike talked badly about the Muslim slave labor it is now in 2021 when the Chinese State media is bringing it up now again as fresh old news as the Fed US Wall Street versus China battle continues.
China state sponsored media using Nike’s 2020 news is old news (we don’t support China slave labor camps). In my opinion US listed China stocks being sold off and targeted by US entities purposely.
China knows that 30% of Nike profits come from Chinese consumers and that would be a killer for Nike. China will in the end win this war in my opinion as it’s not a financial battle (US) corporations want part of nor could withstand much longer without considerable damage while Alibaba and Baidu and TenCent are mostly China business based not a whole lot of financial damage.

Also a new ruling targeted at China could delist Chinese Vieholder companies like Alibaba and Baidu if they don’t file quarterly reports according to SEC standards enforced upon the rest of world.
So far Chinese companies don’t issue stock on the Big Exchanges as they are vieholders typically based out of British Virgin Islands or Cayman same place where American billionaires like Jeff Bezos and others stash there gains to avoid US taxes.

If a hedge fund has to be taken out in the US-China economic war so be it as Goldman Sachs, JP Morgan and Credit Suisse and even Nomura will get free Fed dollars gifted to them for any losses occurred by the hedge fund liquidation.
As long as the Fed is operating the Big Banks will always be bailed out. History will repeat over and over.

History lesson from Obama years as he stood by the Big Banks:

The list of institutions that received the most money from the Federal Reserve can be found on page 131 of the GAO Audit and are as follows..
Citigroup: $2.5 trillion ($2,500,000,000,000)
Morgan Stanley: $2.04 trillion ($2,040,000,000,000)
Merrill Lynch: $1.949 trillion ($1,949,000,000,000)
Bank of America: $1.344 trillion ($1,344,000,000,000)
Barclays PLC (United Kingdom): $868 billion ($868,000,000,000)
Bear Sterns: $853 billion ($853,000,000,000)
Goldman Sachs: $814 billion ($814,000,000,000)
Royal Bank of Scotland (UK): $541 billion ($541,000,000,000)
JP Morgan Chase: $391 billion ($391,000,000,000)
Deutsche Bank (Germany): $354 billion ($354,000,000,000)
UBS (Switzerland): $287 billion ($287,000,000,000)
Credit Suisse (Switzerland): $262 billion ($262,000,000,000)
Lehman Brothers: $183 billion ($183,000,000,000)
Bank of Scotland (United Kingdom): $181 billion ($181,000,000,000)
BNP Paribas (France): $175 billion ($175,000,000,000)
and many many more including banks in Belgium of all places
View the 266-page GAO audit of the Federal Reserve (July 21st, 2011):

https://www.sott.net/article/250592-Audit-of-the-Federal-Reserve-Reveals-16-Trillion-in-Secret-Bailouts

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