Getting scammed is terrible. But it's even worse if you don't understand how it happened.
There are four main kinds of methods that phishing scammers use to steal your funds:
1. SEED PHRASE COMPROMISE
2. DIRECT ETH TRANSFERS
3. APPROVALS / PERMITS
4. NFT MARKETPLACE LISTINGS
But... commercial real estate is cratering. If that happens, the dominoes will almost certainly fall.
Warren Buffet's right hand man Charlie Munger confirmed my fears yesterday by warning about banks' exposure to bad commercial real estate loans.
The worst is not over...
The FDIC is covering $13 billion in losses and providing $50 billion in financing.
CONCLUSION: The Fed Is TERRIFIED more banks will fail, so they want to make sure the First Republic acquisition goes smoothly to keep confidence, and they did this by supporting Morgan.
❗️ JP Morgan Profits Massively While The Fed Panics From A Banking Contagion
JP Morgan just said it’s acquisition of First Republic will generate an IMMEDIATE gain of $2.6 billion and $500 million in yearly profit.
This is a significant event in the financial sector and it will be important to monitor the aftermath, including the integration process of First Republic into JPMorgan, the response from regulators, and the impact on the broader banking industry and economy.
‼️ The news about First Republic Bank being seized and sold to JPMorgan indicates a significant development in the U.S. banking sector, marked by what is now the second-largest bank failure in U.S. history.
2. #Banks needs to service the debt to the Fed for the money that it took but if earlier they bought bonds and so solved this issue, now the interest rate is higher than the yield of bonds
Let’s see the consequences of such policy…
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