- Jim Costa
Jim’s Daily Rant. Sitting Ducks On Steroids.
I read about an experiment recently done on ducks. Scientists shot them up on steroids to see if they could better protect themselves in the wild. This was done to see if ducks could replace cows as protein; less of an impact on the environment.
Immediately the ducks turned on unsuspecting duck hunters! Not wanting to fly in harm’s way, they ordered hunter calls from Dicks Sporting Goods. They blew into the tiny horns and made a sound like “Got some Coors!”
Today I see where Goldman Sachs’ is doing the same. Perhaps they sponsored the research.
"Goldman Sachs’ online bank, Marcus, is offering an interest rate on its savings accounts that is 350 times the interest rate being offered by its competitors, JPMorgan Chase and Bank of America. That’s not normal. Not normal at all. (Above screen shots were taken this morning. Chase and Bank of America screen shots come from BankRate; Marcus screen shot comes from Marcus.)" "According to the most recent report from the Office of the Comptroller of the Currency (OCC), Goldman Sachs Bank USA has $513. billion in assets and $50.97 trillion in derivatives as of September 30, 2022." Source
No. I don’t think this is a garage sale to pay off those derivatives. I feel it is a pilot run to raise fast cash to pay out huge banker bonuses and prepay golden handcuffs before the banks collapse.
Doesn't this remind you of the fire sale in the movie Margin Call?