Leverage. They now have to write down the true value of their assets mark to market because the economy has slowed. Since they have leveraged too much their equity will be negative or what any normal company would call bankrupt.
Hi @greenman It's been a while, how are you doing?
Today is our one of the largest religion festival 'Eid-Ul-Fitr. I am expressing my heart felt gratitude, wishing you healthy and happy life. I always keep you in my prayers. Eid Mubarak 😊😊😊
When the U.S. Monetary Correction is Activated, would you prefer to be holding One Million Dollars in 100 Dollar "Bills" or One Million, One Dollar U.S. Coins...???
It will take 10,000 Fiat USD's or $100 in Common Coinage to obtain the same One Ounce, $100 U.S. Gold Coin... This tells me you don't understand "my version" of the coming U.S. Monetary Correction... Your answer should have been that you'd prefer the Million Dollars in U.S. Coinage... Oh well... No one sees this coming... By the way... Our Common U.S. Coinage will be used to "make change" for our New Product Line of Silver and Gold Coins...
I would prefer Gold Buffalos and Maple Leafs ... better yet Gold and platinum nuggets from the Tulameen River ... Love those 1 Oz Gold nuggets with beautiful Quartzite Crystals embeded.
What is material weakness?
Leverage. They now have to write down the true value of their assets mark to market because the economy has slowed. Since they have leveraged too much their equity will be negative or what any normal company would call bankrupt.
TEAM 1
Congratulations! Your Comment has been upvoted through steemcurator04. We support good comments anywhere..Is there a possibility of bankruptcy for more banks in the upcoming days excluding this one?
Yes. There will be a record amount of bank failures in 2023/24.
I wonder where did the money go?
Yachts and wars.
Hi @greenman It's been a while, how are you doing?
Today is our one of the largest religion festival 'Eid-Ul-Fitr. I am expressing my heart felt gratitude, wishing you healthy and happy life. I always keep you in my prayers. Eid Mubarak 😊😊😊
Thank you for the kind words. I wish you well and happiness too.
FED probably inject $2tirllion new money in the market as an emergency. This might cause dollar value degradation much more than usual.
When the U.S. Monetary Correction is Activated, would you prefer to be holding One Million Dollars in 100 Dollar "Bills" or One Million, One Dollar U.S. Coins...???
Pretty much the same. As long as small denominations would be best for barter use, unless pre 1967 coins with silver content.
It will take 10,000 Fiat USD's or $100 in Common Coinage to obtain the same One Ounce, $100 U.S. Gold Coin... This tells me you don't understand "my version" of the coming U.S. Monetary Correction... Your answer should have been that you'd prefer the Million Dollars in U.S. Coinage... Oh well... No one sees this coming... By the way... Our Common U.S. Coinage will be used to "make change" for our New Product Line of Silver and Gold Coins...
I would prefer Gold Buffalos and Maple Leafs ... better yet Gold and platinum nuggets from the Tulameen River ... Love those 1 Oz Gold nuggets with beautiful Quartzite Crystals embeded.
Only $23,000 .... but Finite. One of a kind.