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https://x.com/RyLiberty/status/2051506240241697065

cascading financial fallout from this stupid war for Israel

Источник: https://x.com/RyLiberty/status/2051506240241697065

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And that's going to cause a cascade because all these people who are leveraged out on illiquid, they've already sold their crypto, they sold their gold, their equity loans and property values have dropped in places like Dubai and stuff because it's unsafe Tourism's at virtually the minimal No one's going there this summer

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and why. And that's going to cause a cascade because all these people who are leveraged out on illiquid, they've already sold their crypto, they sold their gold, their equity loans and property values have dropped in places like Dubai and stuff because it's unsafe. Tourism's at virtually the minimal. No one's going there this summer. It's not safe. And so the collateral they borrowed against has bottomed out. So it's going to cause insolvency in some of these banks. And they always like teeter on that anyway because they're greedy. And so what are they going to do? They need oil. That has an intrinsic value. The debt they've bought, these treasury bonds and things, you don't need those. They gather interest or whatever and you can sell. It's a nice place to park your money. But if you have your own debts or you need to buy oil, which is super expensive because you've physically decreased the supply, well, they're going to sell them off. Well, that's not good for the dollar. And right now they're doing the swap loans where America is loaning money to the UAE to prevent them from calling in their IOUs. They're going to make more debt for the other debt. Like we will loan you money so that you don't cash in on the bonds you already hold, which was done with the surplus of the oil revenue that no longer exists. I'm telling you, it's already bad. It's it. There's some lag time, but that's, that's guaranteed. It's happening.