Pirate City of London's Blythe Masters: From silver price manipulation at JP Morgan to global derivative financial meltdown at Credit Suisse

Editor's note: Unbelievable. The same person out of the pirate City of London who is now Chairman of Credit Suisse is once again at the heart of a global derivative financial meltdown. It was Blythe Masters who pioneered credit default products including swaps that were nothing short of clever destructive financial instruments. Masters was at JP Morgan head of global commodities when she tried justifying the banks enormous short positions on silver derivatives (silver price manipulation).

Medieval World of the City of London - Roots Go Back to Roman Empire - Livery Company-Style Self-Regulation - RECs (Renewable Energy Credits) - Blythe Masters At the Center of Energy Fraud - Livery Company Contract Enforcement

________

Source: Fox Business

Credit Suisse sheds nearly 25%, key backer says no more money

Saudi lender acquired a stake of almost 10% in Credit Suisse last year

Broader equity markets fell sharply, reversing earlier gains, as Credit Suisse's drop by as much as 24% re-ignited some of the jitters among investors about the resilience of the global banking system after the collapse of Silicon Valley Bank. (Reuters/Arnd Wiegmann / Reuters Photos)

March 15, 2023

ZURICH - Credit Suisse lost almost a quarter of its value on Wednesday, dropping to a new record low after its largest investor said it could not provide the Swiss bank with more financial assistance.

"We cannot, because we would go above 10%. It's a regulatory issue," Saudi National Bank chairman Ammar Al Khudairy said on Wednesday.

The Saudi lender acquired a stake of almost 10% last year after taking part in Credit Suisse's capital raising and committed to investing up to 1.5 billion Swiss francs ($1.5 billion).

Broader equity markets fell sharply, reversing earlier gains, as Credit Suisse's drop by as much as 24% re-ignited some of the jitters among investors about the resilience of the global banking system after the collapse of Silicon Valley Bank.

Speaking at a Morgan Stanley conference on Wednesday, Ralph Hamers, chief executive of Swiss rival UBS said the lender has benefited from recent market turmoil and seen money inflows.

Please go to Fox News to continue reading.

________

Here comes the QE...

Credit Suisse intends to borrow up to 50 bln Swiss francs from Swiss National Bank

It’s Official

QE is back.

About $300 billion in assets added to Fed balance sheet in the last week.

This is not good...... pic.twitter.com/njWJuYqkbg

— Richard (@ricwe123) March 16, 2023

Related to energy:

Etymology of Petroleum - 'Peak Oil' - Fake 'Scarcities' - 'Paradigm-Altering Subject' - Comments by Colonel L. Fletcher Prouty - Abiotic vs Fossil