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Mark Wauck's avatar

All wars are bankers’ wars!

Collateral is the essential ingredient powering the creation of credit by western financial institutions, primarily the GSIB’s (Global Systemically Important Banks). They stand the most to gain if western powers prevail, and the most to lose if they’re defeated. Ukraine is the key piece of the Eurasian puzzle and it is certain that western banks have very substantial exposure there - only we don't know which ones or how extensively. Adverse developments in Ukraine could push the sector back into a bear market and the banks that are overexposed to Ukraine could exacerbate the financial crisis, force central banks to more bank bailouts with open-ended QE, and reignite another cycle of high inflation.

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Mark Wauck's avatar

Rand Paul

@RandPaul

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1h

Fake conservatives agree to fake spending cuts. Deal will increase mandatory spending ~5%, increase military spending ~3%, and maintain current non-military discretionary spending at post-COVID levels. No real cuts to see here.

Conservatives have been sold out once again!

Tom Luongo (Head Sneetch)

@TFL1728

·

29m

There is no reason for this 'deal' other than to not call @secyellen's bluff over the fake 6/5 x-date.

Draw this out to 6/15 when quarterly taxes start coming in. O'Biden will fold like a cheap shirt.

@SpeakerMcCarthy can pound sand!

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