Do you know what the stock chart looks like for a fantastic company? Well, pretty much the opposite of Credit Suisse, even though they were down almost 14% in their last trading session.
You cannot even see that drop when looking back at the last 14 years or so, which makes it no surprise that they are the next domino to fall in this global banking crisis.
Because the problems with Credit Suisse did not start today. They did not start yesterday. They've been going on for a very long time. The writing has been on the wall.
Timecodes
0:00 The Writing on the Wall: Credit Suisse's Long-standing Problems
0:51 Swiss National Bank's Draw and Credit Suisse's Breach of Obligations
1:43 Deposit Run and Investor Sell-off at Credit Suisse
3:05 Lifeline from Swiss Central Bank and Contagion Fears
3:34 Inverted Credit Default Swap Curve and Banking Crisis Warning
5:09 Banks are Always Bankrupt: Fractional Reserve Banking and Legalized Fraud
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#CreditSuisse #EconomicCollapse
