I must say, I was surprised that David did not know what ‘mark-to-market’ meant but, it is a blessing that he dug into it. M2M is a pretty basic definition in the trading world and to top it off, it’s SIMPLE! Simple is always better. Many figured it had something to do with the rise in interest rates but forgot about this part. The question each must ponder is: Did Uncle Jerry raise rates because of inflation or, to crash the somewhat smaller banks, which will likely move depositors into the larger banks? Of course, Auntie Janet will bailout The People, making her a ‘friendly’ when the CBDC rollout happens. “It’ll be okay, not to worry.” Is The Fed truly stupid enough to think they wouldn’t break something? Hmm. You decide.
David Frost explains it all in less than 4 minutes. He thinks it’s ‘an answer’; I think it’s ‘the answer’. It makes perfect sense. Brilliant and simple! Mins. 6:40 to 10:00.
