Mike Cottrell

  In Michael Cottrell

[Many people are asking about the 275 billion the Fed has sunk into the overnight lending markets  this week…What are your thoughts on this?] Basically the banks are not liquid and My thoughts are they anticipating this revaluation…this reset is about to happen. I see this as the banks have no cash that they need to pay out for the exchanges. So they hit the Fed up for cash to pay us…to pay out so it’s not on their balance sheets…it’s on the Fed’s. They have been hitting the Fed for the last 3 days and I feel they will hit them up for more so they can pay out all the SKR’s and contract needs. It’s another way to force the issue.