Can Someone Explain What This Means?

[Necron_99]

I wish I knew more about this stuff, but that sentence makes no sense to me.

https://twitter.com/i/web/status/1637560720777703425

 

[Charliehorse]

It means the sky is falling, and chicken little is going to run away

 

[Csider702]

It means the ways of the old banking system are changing. Think of horse and buggy to which our current banking system operates on, for years. We are upgrading from horse and buggy to light speed rail systems. Starting tomorrow and ending in November this year, all banks are switching over to ODL (On Demand Liquidity) in the form of ISO2022.
Instead of banks loaning back and forth to each other or, passing liquidity onto the next through the SWIFT system, to slowly process things such as a wire transfer, they are upgrading to an easier and faster way of banking.
Hope this helps.

 

[Csider702]

Edited to state a better analogy would be:

Current SWIFT = fax machine to transfer data

Upgraded to ISO or ODL = Fiber Optic to transfer data

Data = Money being transfered

This will save time and money for the banks and for the end consumer or depositor.

 

[Csider702]

This may help you with a more layman's terms too, as well as comments that others are making.

Fed Panics, Announces "Coordinated" Daily US Dollar Swap Lines To Ease Banking Crisis | ZeroHedge

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero

www.zerohedge.com

 

[McBoobenheim]

Csider is correct. The legacy banking giants and the technology they use has been obsolete for a while. FinTechs and crypto is causing them to finally modernize so they can try and compete with the aforementioned.

 

[heavyiron]

Unlimited liquidity. Ie. QE.

 

[Multislacking]

Unlimited lube

Fixed it for ya.

 

[heavyiron]

Fixed it for ya.

Wrap your mind around what is happening.

Fed raises rates which is QT but lends unlimited money to banks which is QE, they are at the end game.

 

[Multislacking]

Wrap your mind around what is happening.

Fed raises rates which is QT but lends unlimited money to banks which is QE, they are at the end game.

It certainly seems that way. I don't think anyone will be able to avoid what is coming. Do you? At least, not to remain completely unscathed from the events. A few managed to survive the Great Depression and an even fewer managed to profit in the long run. The ones that profited were typically able to gobble up the smaller guys and have a near monopoly on whatever they chose to invest in. But that took 15-20yrs to truly realize the full potential of their investment.

 

[heavyiron]

It certainly seems that way. I don't think anyone will be able to avoid what is coming. Do you? At least, not to remain completely unscathed from the events. A few managed to survive the Great Depression and an even fewer managed to profit in the long run. The ones that profited were typically able to gobble up the smaller guys and have a near monopoly on whatever they chose to invest in. But that took 15-20yrs to truly realize the full potential of their investment.

All we can do is deflect maximum damage, but everyone will pay in some form.

Stop spending money on frivolous things.
Get out of revolving debt.
Diversify.
Hold 30-60 days in cash.
Hold 90 days in food, water, meds and supplies.
Hold physical commodities.
Have cash saved for the coming deals.
Find a group of likeminded folks near your home.
Prepare mentally, physically and spiritually.

 

[maxmuscle1]

Fixed it for ya.

Lmao

Max

Taxes Suck btw !

 

[Necron_99]

So, if I understand correctly, the Federal Reserve is going to be raising interest rates (QT) and dumping shit tons more money into the system (QE) at the same time?

Which essentially means, simultaneously stifling the economy and causing massive inflation.

Is that correct?

 

[j2048b]

All we can do is deflect maximum damage, but everyone will pay in some form.

Stop spending money on frivolous things.
Get out of revolving debt.
Diversify.
Hold 30-60 days in cash.
Hold 90 days in food, water, meds and supplies.
Hold physical commodities.
Have cash saved for the coming deals.
Find a group of likeminded folks near your home.
Prepare mentally, physically and spiritually.

Yesss my quotes are back… and yess to all of this


Sent from my iPhone using Tapatalk

 

[heavyiron]

So, if I understand correctly, the Federal Reserve is going to be raising interest rates (QT) and dumping shit tons more money into the system (QE) at the same time?

Which essentially means, simultaneously stifling the economy and causing massive inflation.

Is that correct?

They are claiming it's not QE but the fed added 400 billion to their balance sheet in the last 2 weeks or so.

 

[MBW212]

I read yesterday, idk how true it is but I read the American dollar about to take a hit