What happens to the banks when gold and silver skyrocket?

What happens when the banks customers begin to panic about their money?

What happens when crypto
becomes gold backed?

What happens when paper dollars become gold backed with digital watermarks?

What happens when nations can only climb out of their current predicaments by using crypto?

The timing of all this is interesting to say the least.

1111 😎

Russia looks like they will be the first country to set the precedent for what’s next. True sovereignty incoming. 🇺🇸🦅

Not a financial expert, but this could be the beginning of something big. Also, one of China's largest banks failed to meet their margin requirements. So much over leveraging in the markets right now through Russian oil (and China's real estate) including United States overleveraging, this bubble looks about to pop.
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https://www.zerohedge.com/...
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https://www.zerohedge.com/...

JPMorgan’s global head of markets, Troy Rohrbaugh, spoke at the RBC Global Financial Institutions Conference where he said that a lot of the firm's clients are under “extreme stress" as a result of Russia's invasion of Ukraine and the resulting impact it is having on equities and commodities. Rohrbaugh said that the invasion, and the ensuing sanctions from the U.S. and European Union, have been "putting pressure on clients."

With crypto regulations pending this week in the form of a long-awaited Biden executive order out in two days, he also stated that the bank would let clients help dictate how the firm gets involved with crypto assets. “As our clients become more significant investors in these products, particularly our asset-manager clients, we plan to move with them."
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https://www.zerohedge.com/...