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12/21/2024 - https://www.youtube.com/watch?v=Zw3N8yXxA_M... Read More
12/20/2024 - I wrote this some years ago, but because we have many new readers, I thought it would be appropria... Read More
12/19/2024 - Leviticus 17:10, 11 tells us, 10 And any man from the house of Israel, or from the aliens who sojo... Read More
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View Full Tract ListThey are “too big to fail” because only God is big enough to redeem their debt notes.
https://www.independentsentinel.com/rumors-too-big-to-fail-banks-on-the-brink-of-collapse/
Credit Suisse and Deutsche Bank are reportedly on the verge of collapse. They have 2.7 trillion in assets under management between them. It’s three times the assets of Lehman at the time of the collapse.
On 15 September 2008, Lehman Brothers, a bank considered ‘too big to fail,’ filed for insolvency. It was the single largest bankruptcy filing in the history of the US. At the time, the bank had $639 billion in assets and $619 billion in debt.
Credit Suisse and Deutsche Bank are too big to fail. Some say Deutsche Bank will be okay, but Credit Suisse is the one that is in big trouble…
If the banks can’t pay off their debts i.e., they become insolvent and have to sell off their assets.
If the prices of these assets fall below a certain level, the other banks too will have to start selling to avoid the forceful margin calls on their positions.
This massive deleveraging event will create a domino effect due to mass selling, and this economic crisis will spread from one market/region to another, known as Contagion.
Dr. Stephen Jones has been writing blog posts since 2005 on a variety of topics from Bible Studies to World News, and he has been writing books since 1992. Dr. Jones' most important writings came after God brought him back into the full-time ministry in 1991. It is here that all his earlier years of searching the Scriptures began to come into clear focus. He combines a knowledge of the Old and New Testaments with a personal revelation of God that began and developed during the "wilderness" period of his life, which he often refers to as God's True Bible College... Read More
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