Bank & Fin. Shares (charts)
Updated March 13, 2020 - Both the Federal Reserve and ECB clearly signal we shall see lower interest rates....and that they will print more money later in 2019.
Banks are dying. And this not only has big implications for your savings but also for your business and investment potential… because there are tremendous opportunities for anyone who focuses their capital and talents ahead of these big-picture trends.
The banking world is DOOMED! There are many people out there who are working on payment systems and delivery systems that could turn the banking world on its head much like UBER have done to taxis, Expedia has done to travel and AIRBNB/BOOKING.com have done to hotels.
Banking in its current form is not capitalism. It is a fraud and crony capitalism kept afloat by ever-more desperate government interventions. It should be dismantled. Under a system of 100 percent reserves, loan banks (100 percent equity-financed investment trusts) would be like any other business and would not need any more regulation than that of the makers of potato chips.
By creating a BAD BANK, DEUTSCHE BANK is preparing for the worst & HSBC sits in DEEP SHIT.
Contrary to what happened in the 1930s', This time JPMORGAN may not survive the coming financial collapse.
Negative Interest Rates will destroy Banks, Insurance co's and Pension Funds.
|Support||3500 - 3200|
|Technical pattern||Dramatic Bearish trend|
Banks expressed in Real Money or Gold:
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