![]() In Germany, people are scouring the rural areas for horse poop to burn in their wood stoves this winter. It is already set in motion, and now we can only watch as it plays out, taking down the western financial system (and entire nations) while leaving the people to rot in the (filthy) streets, homeless, penniless and hopeless. When the markets implode, most Americans will lose their investments and their pensions, causing a wave of protests to erupt across the cities as mass destitution and famine kicks in. This will result in employers firing workers in the months ahead, accelerating unemployment across the country. Now, they’re sharply curtailing purchases, causing a sharp fall in retail activity and subsequent factory orders. It turns out that Americans have run out of stimulus money and are mired in too much debt. recently said it would cancel flights and park cargo planes because of a sharp drop in shipping volumes. The transportation industry is grappling with weaker demand as big retailers cancel orders with vendors and step up efforts to cut inventories. Trans-Pacific shipping rates have plummeted roughly 75% from year-ago levels. As Hellinic Shipping News reports, international cargo shipping rates have plunged 75%. Higher inflation and higher debt costs are causing a collapse in consumer demand for goods and services. “Victory” may come at an extremely high cost, including the collapse of the stock market, housing market and bond market. Just like with chemotherapy, the cure is often worse than the disease, as the Fed’s policy is annihilating the US economy (and eventually, the US stock market) at the same time it’s wreaking financial havoc across Europe. In that interview, I compared this Fed action to chemotherapy: It’s poisoning the entire patient (the world’s economy) in order to take out a tumor (European socialist banksters). As Tom Luongo explained in a recent interview, the Fed is at war with European globalist banksters and is using interest rates as a weapon to collapse European industry and financial solvency. The Fed will keep raising rates until Europe breaksĭespite all the damage being done to the debt market, the Fed is hell bent on raising interest rates until European financial instruments break. Contact Our Gold Guy and protect yourself through the coming (and current) economic turmoil.Īs Gregory Mannarino says in a recent market analysis video, “Bond Market Very Close to Crash” according to the IMF, one of many institutions now sounding the alarm on the accelerating downfall of global debt instruments. Buy precious metals from an America-First patriot. ![]() What's worse is that they are discouraging the purchase of precious metals as they try to salvage their midterm election fortunes. The Biden regime is destroying our economy, putting your property and financial security at risk. ![]() ![]() The Bank of England is in survival mode, and the Euro is in deeper trouble with each passing day. The pensions, it turns out, are headed for collapse. In doing so, he essentially set the countdown timer on a massive debt bomb that’s going to detonate as soon as the Bank of England stops buying all the failed debt instruments that are propping up the entire UK pension system.Īnd what’s the explanation for why this is happening? “Market volatility went beyond bank stress tests,” Bailey explained, which essentially means something along the lines of, “We never anticipated a crash this big and can’t stop it.” “My message to the funds involved and all the firms is you’ve got three days left now,” Bailey just said on Tuesday. Not to be outdone in the realm of financial panic buttons, the governor of the Bank of England, Andrew Bailey, just warned investors that they had three days to liquidate debt holdings before the BoE pulls out and stops buying up all the failing gilts (bonds) that fund pensions in the UK. Pointing to the bond-market turmoil in the U.K., McDonald said government bonds with 0.5% coupons that mature in 2061 were trading at 97 cents to the dollar in December, 58 cents in August and as low as 24 cents over recent weeks.īank of England governor warns investors they have three days to liquidate With each Fed rate increase, bond values are cratering, leaving debt investors holding substantial losses and leading to a collapse in the number of potential buyers even willing to take possession of these bonds.Īs investor Larry McDonald says in this Marketwatch article, “things are breaking.” From the article: The global debt market is orders of magnitude larger than the stock market, and debt instruments across the globe have nearly reached the breaking point due to the Fed’s steady increase in interest rates this year (combined with seemingly endless money printing and other disastrous fiscal policies).īecause bond values have an inverse relationship with interest rates, as interest rates go up, the value of bonds and other debt instruments already issued goes down. ![]()
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