Once again, 14 years later, two "Too Big to Fail" Banks: Credit Suisse and Deutsche Bank - Headed to the Same Level as in the 2008 Crisis

The Credit Suisse stocks are currently falling harder and faster than in 2008 when we saw a major crash within the Banking System, as you all remember the infamous financial crisis that hit the world in 2008 with the collapse of Lehman Brothers.

Right now, The Default insurance (CDS) on Credit Suisse is approaching same level as during the collapse of Lehman Brothers:

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The stock price is tanking pretty hard as shares are down over 50% this year and are on track for their worst yearly performance since 2008.

Credit Suisse is not the only one that is experiencing this. Deutsche Bank is also tanking very hard right now and this is a great indication that we are close to a new 2008 type of financial meltdown and crisis.

There are so many market indicators that we are heading towards a major financial crisis:

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Credit Suisse and Deutsche Bank performance since 2003

Tomorrow, Monday, will be a very stressful day for these two Banks, especially for Credit Suisse and we might expect a volatile trading day. What is also very important to say is that the Federal Reserve (FED) is going to have a closed board meeting on October 3, 2022 regarding the current situation of these two banks and this could indicate a very rough and volatile week in the market.

It seems like that history is repeating itself, and as such, Satoshi and Bitcoin serve as a perfect reminder why it's even existing. Therefore, I would like to finish this report with a the good old hidden message from the Genesis block that was revealed in 2009:

“The Times 03/Jan/2009 Chancellor on brink of second bailout for banks”

We might not be far away of a third one how things are going lately...