MikeCristo8
@MikeCristo8
LIBOR officially ended today.
Dollars are now indexed to SOFR.
Basel 3 starts October 1.
Do you all see where the Fed is going here?
When Basel 3 kicks in next month.
Japan will forced to massively sell dollars.
And raise interest rates.
Are you ready for what’s coming?
Why are big U.S. banks deleveraging their balance sheets?
It’s the end of LIBOR people.
Eurodollar bonds are taking a big s**t.
Affecting U.S. stocks.
The Fed wants to end the ECB.
And no they aren’t cutting rates.
When Japan raises rates.
S**t really will go down.
Before the e******n.
Jerome Powell will not save you this time.
Few understand this.
The Federal Reserve is in its final days.
The stock market collapse.
Please understand what’s going on people.
LIBOR vs SOFR
The City of London and Brussels.
Borrowed 10’s of trillions in Eurodollars at the London LIBOR rate from U.S. banks (it’s more likely it’s over $100 trillion).
Now as of today the *borrowed Eurodollar’s are not indexed to LIBOR but now have SOFR indexing.
This is causing those bonds in the ECB and the national central banks in the E.U. to be massively sold back those Eurodollars to the G-SIB banks from which they came from. (Derivatives).
This is leading to the 50% stock collapse that will likely happen before November.
Then you have Basel 3 kicking in on October 1.
U.S. Treasury bonds no longer meet collateral requirements for G-SIBs starting Oct 1
It’s all coming down now.
Source(s):
https://x.com/MikeCristo8/status/1830778771508748742
https://x.com/MikeCristo8/status/1830810784836001864
https://x.com/MikeCristo8/status/1831037386215817643
https://x.com/MikeCristo8/status/1831096162126070047
https://x.com/MikeCristo8/status/1831117401955697015
https://x.com/MikeCristo8/status/1831128613481267283
