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RE: 100% Proof That A Massive Economic Meltdown Is Closer Than You Think. By Gregory Mannarino
Greg, I have enjoyed your interviews with USAwatchdog, but as much as we all know these "free" markets are currently run by the Fed, they will only collapse because of an event that the Fed can't control. But, in that event, you will have the worst crisis of all, a crisis of confidence in the system. It is easy to see how "Fed Up" people have become. Good Luck!
Exactly, and the Fed. Has lost control of the debt market.
Yeah, but remember this is not just the Fed. It is the BOJ, ECB, the SNB (I am in Geneva and shocked at the amount of US equities the SNB has purchased). During the housing crisis, the biggest borrowers of Fed funds were UBS and Credit Suisse. 2 Swiss banks. These guys all together have a lot of fire power. Don't get me wrong, the situation makes me furious and I am looking for signs that they truly have lost control.
Maybe we won't know they have lost control until the whole world knows it; I think like recessions we will only prove it by lagging indicators. Obviously, the Swiss think that nothing will unseat the US as issuer of the world reserve currency. I still think that things may unravel in the fall. Like Rickards believes, the IMF will then try to backstop the world with the SDR, maybe with inclusion of gold and silver in the basket. But I think China will not want to go along with anything tied to the debt-based US dollar; they have spent decades building the world with development projects, the US elites have spent decades destroying the enemies of Israel, and making Daddy Warbucks rich. We live in interesting times.
People will want nothing to do with the Bankster's SDR. I used to think Rickards was right on that SDR stuff - The Banksters will be Anathama when this next economic tsunami rolls in. The new currency will be Cryptos. So, get your ETH/BTC (and Silver) Now. Miniing shares will also do very well for a while.