On Wednesday’s broadcast of CNN International’s “One World,” CNN host, International Business Correspondent, and CNN Business Editor-at-Large Richard Quest stated that the Federal Reserve’s interest rate hike will make things “worse” for banks because “all the banks are stuffed to the gills with these government bonds” that will be devalued by the rate hikes. And predicted that there will be more banks going out of business, particularly state and regional banks.
Quest said, “Now, if inflation was your goal and your number one target, then you’d have gone 50 [basis points]. But, obviously, the overriding concern today is the banking sector. And remember, Zain, the problem with the banking sector is that all the banks are stuffed to the gills with these government bonds. Raise the interest rate, and the bond becomes less valuable. So, even today’s action at 0.25% makes things that little bit worse for the banks.
Later, he added,
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The Bank of England and the British economy collapse. Orchestrated by George Sorros. Banks in the United States will be collapsing too if he is not arrested as an enemy of the state. He is on the move to kill the banking system.
Banks fail when democrats are in charge so the CEOs can get their bailouts. Free money opportunities.
Seeing CNN, 'One World' and Banks Collapsing in the same paragraph makes me think, 'this is their plan to centrally control the money' (and us) via a digital global currency.... Break the banks, bring in the globalist tyrants.
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