Ron and Rand Paul - The rEVOLution Continues

[shermann7]

The Global Dedollarization movement will cause many dollars to return to the U.S. - This means higher inflation and a falling dollar - Which in turn means that the Federal reserve will keep increasing mortgage rate to fight inflation an support the dollar - In the meantime, all these banks will keep losing money on their U.S. Treasuries ... Which is no problem if they hold them to maturity.

Having said that ... Both Auto Repos and Mortgage Foreclosures have been increasing at an alarming rate ... Especially Commercial Real Eastate ... Which will cause banks to have to cash in their U.S. Govt securities for a large loss ... And a lot of these regional banks have not bought derivative insurance to cover these losses ... Which is what happened with SVB and Republic ... One can expect a lot more banks go belly up with the same problem ...

SVB, for example, had JP Morgan Chase buy out their good assets for pennies on the dollar while the 13 Billion of Worthless assets went to the FDIC Receivorship ... Which is a trend that will continue ... In Other Words, the Rich will Continue to get Richer while the rest of us will continue to suffer more and more ...

GLTA - Shermann