As the world wakes up to the news that Credit Suisse is receiving a $50 billion bailout from the Swiss National Bank, JP Morgan today announced that the US Bank Term Funding Program (BTFP) could inject as much as $2 trillion of reserves into the US banking system. This is fine. Support the Channel on Patreon: Join My Discord for More Discussion, Q&A, and News: Affiliate Links: Use this link to get $10 in free Bitcoin with Swan: The Ledger Nano X: My favorite Hardware Wallet for Cold Storage of Crypto Assets: Save $50 Crypto Tax Preparation with Pro Bitcoin Solutions: Recommended reading (Amazon Affiliate links): Rich Dad Poor Dad by Robert Kiyosaki: Atomic Habits by James Clear: Why We Need The Fed (blank gag book) by Joe Brown: Follow me on Twitter: Follow me on Gettr: Follow me on Gab: Follow me on Reddit: #BankCollapse #CreditSuisse #FinanceNews...(read more)
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The financial crisis of 2008 saw banks across the United States struggling to stay afloat. The government stepped in with a massive bailout program that saw billions of dollars poured into the banking sector. Now, a new report from JPMorgan Chase suggests that the total amount of bailout funds could reach $2 trillion. JPMorgan Chase, one of the largest banks in the United States, has released a report stating that the Federal Reserve may have to inject an additional $1.5 trillion into the economy to combat the ongoing financial fallout from the coronavirus pandemic. This comes on top of the roughly $500 billion that has already been pledged by the government. According to the report, the additional funds will be needed to help offset the impact of the pandemic on businesses and individuals alike. The report suggests that more and more businesses will be forced to close their doors, resulting in an increase in unemployment and a decrease in consumer spending. The bank also suggests that the Fed might have to launch additional programs to help shore up the economy. This could include loans to small businesses, increased purchases of corporate debt, and even direct payments to individuals. The new report has sparked a debate about the future of the economy and the role of the government in supporting it. Critics argue that the bailout funds could be used in a more targeted and efficient way, with a greater focus on helping small businesses and individuals who are most affected by the pandemic. However, others argue that the scale of the crisis demands a massive response from the government, and that the focus should be on preventing a total collapse of the economy. Regardless of how the funds are used, the new report from JPMorgan Chase underscores the scale of the ongoing crisis and the challenges that lie ahead. As the pandemic continues to sweep across the nation, it remains to be seen how effective the government's response will be in preventing a full-blown economic disaster. https://inflationprotection.org/jpm-forecasts-us-bank-bailouts-to-potentially-exceed-2-trillion/?feed_id=98484&_unique_id=6464de6721a0c #Inflation #Retirement #GoldIRA #Wealth #Investing #bailout #bankcollapse #bankrun #bondmarket #commodities #CreditSuisse #dxy #endthefed #federalreserve #firstrepublicbank #Gold #interestrates #jpmorgan #naturalgas #oil #silver #stockmarket #swissnationalbank #usdollar #BankFailures #bailout #bankcollapse #bankrun #bondmarket #commodities #CreditSuisse #dxy #endthefed #federalreserve #firstrepublicbank #Gold #interestrates #jpmorgan #naturalgas #oil #silver #stockmarket #swissnationalbank #usdollar
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