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Swiss arent bailed out, the SNB did have losses, because they hold foreign reserves (dollar shit) that dropped against the CHF,
The Swiss National Bank expects a $143 billion loss for the 2022 financial year, the biggest loss in its 116-year history.
It lost 131 billion francs on foreign currency positions and 1 billion on Swiss franc positions as the franc gained.
As a result it will not make its usual payout to the Swiss government and member states.
5:00
We've already started the first headfake 'pivot'. Financial conditions are easing, and fed speakers aren't hammering back with hawkish messages. People are pouring back into tech.
This assumes that inflation is going right back down to 2% and interest rates down to 0% again. The real market crash and complete capitulation happens when people realize that inflation is here to stay, as are the rates.
I don't bother trying to time every move in the market now, so I'm just going to wait for the complete capitulation later this year before buying back into us equities at the bottom.
https://miro.medium.com/max/76....8/1*50R1oJV-btrzfq3k
1:55 Maybe because in latam we speak spanish but, I've always known it to be the lunarnew year or chinese new year to be interchangeable terms aka 'calendario lunisolar' + 'calendario chino'. I blame Chang'e / Jouga for this nonsense. Also, I'd be just a little disappointed if HD did not know who Chang'e / Jouga is.
3:09 Eh? TFM what are you doing man....? marxist socialism ("communism") is NOT an 'economic model'. It's a (totalitarian) system of governance. The economic model used under all variants of socialism including marxist socialism is a COMMAND ECONOMY.
TFM of all people knows the importance of that distinction; An economic model is a set of policies . A system of governance is LITERALLY EVERYTHING in govt. Again TFM knows this and is actively lying for some reason. Actively lying in defense of the fucking commies. WTF is wrong with TFM recently?
3:51 'fascism'=german national socialist?! holy shit. TFM is going beyond full retard this time.... fascism is ITALIAN SOCIALISM and it is incompatible with german socialism despite both of them being hardcore leftist systems of governance. For example; The fascist socialist doctrine doesn't even recognize race as a proper vector for consideration. Mussolini & crew practically didn't believe 'race' properly existed at all. Whoa, is that what was believed by the socialists in Socialist Germany? that race doesn't exist? no, obviously not..... but you don't have to take my word for it;
....
"“Race? it is a feeling, not a reality. Ninety five percent at least. Nothing will ever make me believe that biologically pure races can be shown to exist today."
"National pride has no need of the delirium of race. Whenever things go awry in Germany, the jews are blamed for it."
--- Benito Mussolini, father & architect of fascist socialism aka Italian socialism aka fascism (Hardcore leftism)