Society's Child

Credit Suisse at 'critical moment' as stock prices crash below levels seen during 2008 financial crisis

Marion Halfter
Bloomberg
Fri, 30 Sep 2022 18:48 UTC

Credit Suisse Group AG's Chief Executive Officer Ulrich Koerner said the bank is at a "critical moment" as it prepares for its latest overhaul, while stressing the bank's strength.

In the second carefully-worded memo sent to reassure staff in as many weeks, Koerner told employees not to confuse the "day-to-day" stock price performance with the Swiss firm's "strong capital base and liquidity position." The shares are hovering near a record low.

Comment: More reporting on the situation:

Reader Comments

scrutinizer · 2022-10-01T23:23:31Z

[Link]

Tiu ·

scrutinizer

· 2022-10-02T01:46:49Z

Tiu · 2022-10-02T01:46:27Z

Will the Swiss get to vote on it when they get bailed in to save the bank?

Lemuel Gulliver · 2022-10-02T05:56:07Z

Tiu A Swiss bank robbing its depositors?? This would be shocking. It would undermine 200 years of the reputation of Swiss banks as safe places for your money. I cannot see the Swiss Government letting that happen. Seriously. That said, we live in interesting times.

KROMM · 2022-10-02T10:02:46Z

Lemuel Gulliver Didn't they rob the Russians that had accounts with them? I think West is robbing own population for decades under the guise and doing it openly wouldn't really change that much nowadays, people are too occupied paying the bills & taxes to notice all what's coming at them.. And I don't believe any "referendum" in Switzerland not to be manipulated as seen with the votes on Covid policy some time ago (many Swiss people said so themselves, also mentioned untransparent handling of ballot boxes etcetera, kinda normal stuff in banana states for the last few decades)..

I wonder if PTB too ponder about just how much more taxes and wealth they can squeeze out of Europeans before they "own nothing & be happy".. they're trying to find out the limits apparently. All the fiat money pumped into the system hardly allows for anything else, so controlled destruction and introduction of alternative "sustainable" system is on the way, but Westerners wouldn't accept that unless impoverished to the point of submission to governmental "aide" - exactly where we're headed now. Thanks to "war in Ukraine" we don't even have most of the ammo stockpiles left. If the FEMA and White Helmets of the private World Government corporation step in, how will the countries defend themselves? They won't and global digital slavery can be implemented for "sustainability" of our governors.. They jabbed most of the soldiers on all sides for a purpose, too.. They don't expect many to survive these "games" and shortages, blackouts and famines and the survivors would be left lightly armed at best.. See where it's heading? It's total warfare against sleeping humanity from all sides, since the only three presidents not on board with Covid agenda got eliminated and the rest of the governments around the world dance to their tune more or less willingly.. And Ukraine conflict serves as a last nail in the West's coffin, dismantling what's left of the small & middle size companies after the lockdown's and other nonsense aimed at eliminating the corporation competition and putting everyone at the mercy of the State and Science..

Do you think all that futuristic "cyberpunk" literature & movies were a form of programming? A bleak future in a world controlled by corporations fighting among themselves? Masses loved that stuff and literally bought into it. I think the evidence supporting the existence of organic portals and their transhumanistic religion is overwhelming, the world is being shaped according to their vision.. All the green agenda merely serves as a distraction for all the deconstruction of societies that could resist this course of action, if they ever realized though.. The rest of the world is happily industrializing as far as I can see, cheap workforce everywhere..

Lemuel Gulliver · 2022-10-02T13:31:27Z

KROMM Very good points. In particular, "Didn't they (the Swiss) rob the Russians that had accounts with them?"

Yes, many countries' central banks stole Russia's money, $300 billion in total. I am certain they are never going to give it back. Plus the Bank of England stole Venezuela's gold, and 60 tons of gold disappeared from Libya, and so on and so on. These days, Western governments are just a gang of bandits, and everybody knows it. Well, it has been going on for a long time - after WWII Germany sent about 5,000 tons of gold to New York for "safekeeping" from the threat of the USSR, and has asked for it to be returned after the fall of the USSR, but so far has only received back a small amount, I think maybe 100 tons.

Those are spectacular thefts, but every working slave has money stolen from his paycheck every week, which goes into the accounts of giant corporations paid off by governments to perform "services." As for Covid, that was such a fraud, as we all know.

ReRan · 2022-10-02T13:42:05Z

Lemuel Gulliver S ~~o what is more important now, money, or food and water? And if you have a good stock of food, will the gov't take that as well?~~

ReRan · 2022-10-02T13:42:58Z

Lemuel Gulliver No idea why my comment has line through it.

KROMM · 2022-10-02T20:11:46Z

ReRan I think there's a bigger chance of your neighbours or random looters taking your stockpiles.. Money doesn't really look important in the long run, as it's devaluating fast.. Soon the prices might be unbearable and stocking up while you can seems like a good idea. If they outlaw physical money in favor of digital, it will become more or less worthless anyway.. Survival gear & provisions seem like a better investment than a handful of papers.. And I don't think the metal in small change is valuable enough to stock up on coins either.. However when it comes to larger sums that cannot be spent on stuff for survival (unless you want to equip a village), it's hard to tell what's going to rise in value or at least keep it.. Everything involving large sums of money is a risk, as property can be looted & razed to the ground, jewellery stolen, stockpiles plundered, bank accounts defaulted, crypto out of game during rolling blackouts (same for CBDC).. Physical gold seems a viable option if you can hide it.. Or raw materials that can be useful later, but those need a lot of storage space and can be looted or taken by government under martial law.. Hard to tell.

And you probably pressed the [ S ] button accidentally..

ReRan ·

KROMM

· 2022-10-02T22:56:30Z

Lemuel Gulliver · 2022-10-03T06:43:06Z

ReRan KROMM The National Defense Authorization Act (NDAA) passed after 9/11 allows the government in an "emergency" (which they will declare, of course,) to seize private property, to include food, water, transportation, real estate, everything. A number of commissioners will be set up to oversee each of these assets and issue regulations regarding their seizure. It is likely these seizures would involve large assets - hog farms, reservoirs, taxi fleets, school buses, grain farms, etc, not individual preppers' stocks of food in their homes. However, local police and military might, for example, seize your car for their own use and throw you out onto the street, under pretext of the "national emergency." Or enter your house and search it for stockpiles of food. (I'm only talking about local "law" enforcement.)

I read an article by someone who had survived a societal meltdown in Argentina, (I believe, if I recall correctly,) and his advice was priceless. He said that the guy in his neighborhood who had bars on his windows and razor wire on top of his walls did NOT survive. Those things only tell the mob, "There is something valuable here to steal," and those defenses will not stop them. It is far better to pretend hardship - drive a beat-up car, not an armored SUV, and let your house look dilapidated, not well-kept, wear dirty, torn and shabby clothes, not clean ones, and the mob will move on to a more promising target. The other advice, of course, was secrecy. Be very, very, very careful who you share your bounty with, and who you let into your secret that you are not suffering, even family members, because people talk too much, and it will come to the notice of the mob that you have something to steal. And of course, those types of people will not only steal what you have saved up, but will kill you also, just for the fun of it.

I hope this advice was helpful.

KROMM ·

Lemuel Gulliver

· 2022-10-03T09:23:20Z

ReRan · 2022-10-03T14:08:44Z

Lemuel Gulliver Thank you. Sending love!

Is it entitled, "Money, money, money" ?

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Society's Child

Credit Suisse at 'critical moment' as stock prices crash below levels seen during 2008 financial crisis

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