It's not whether you're right or wrong that's important, but how much money you make when you're right and how much you lose when you're wrong... Mr Soros
Many people blame George Soros for triggering both the UK Black Wednesday of 1992 and the Asian Financial Crisis of 1998.
Scott Bessent worked for George Soros and has been conducting currency arbitrage his entire career.
He's the 5 star general you want in charge if you're about to destabilize the global financial system.
If you want to understand what happened during the UK's Black Wednesday and the Asian Financial Crisis, these videos explain how quickly currency arbitrage can trigger a financial crisis.
Basically, it can go from "everything is fine" to "we've lost control of our currency" in a matter of days.
George Soros appears at 22m 20s in the UK video
and 2m10s onward in Asian Financial Crisis video.
Is this a preview of what's coming for the entire world?
๐จREPORT: Major Bullion Bank COLLAPSES After Silver Shorts LIQUIDATED!! ๐จ
๐ฅFriday, we asked whether a large bullion bank massively short silver was about to be LIQUIDATED after being unable to make a margin call Friday afternoon.
https://t.co/N4t5UpAzsy
๐จFast forward to Sunday night, and unconfirmed reports from Hal Turner are claiming a systemically important bank has COLLAPSED after being unable to make a margin call, their silver short position was LIQUIDATED this morning, and the institution received an EMERGENCY $34 BILLION BAILOUT from The Fedโs Repo Window!!๐ฅ
The report claims that the systemically important (TBTF) bank COLLAPSED, but we suspect that if their legacy silver short position was in fact liquidated, that The Fed provided whatever liquidity was needed via the Repo Facility to prevent the collapse of the bank.
Legacy gold & silver short positions were put on by the bullion banks with the backing of the US Treasury, and with an implicit understanding that the institutions would be protected in this exact situation that is reportedly unfolding.
While rumors are swirling, we should have confirmation by 8:30am Monday morning if indeed this TBTF bank tapped the Overnight Repo Facility for $34 Billion.
#Silver #SilverSqueeze #SilverManipulation