Sunday, October 6, 2024

Confetti Dollar End of Ponzi Scheme – Bill Holter

by Greg Hunter, USA Watchdog:

Precious metals expert and financial writer Bill Holter says the recent underreported announcement by the UBS CEO Sergio Ermotti in Switzerland that his bank might need a “rescue” is yet another sign on the short road to the end of the global Ponzi scheme backed by the US dollar reserve currency.  Holter points out, “You’ve got a sick bank (Credit Suisse) that is being bailed out by another bank (UBS) that may turn out to be sick.  My question is who is going to bail out these central banks?  You have got the Fed with a $9 trillion balance sheet.  The last time, the Fed went from $900 billion to $9 trillion.  Can the Fed now go from $9 trillion to $90 trillion?  Who is going to bail out the Fed?  Who is going to bail out the US Treasury?  Who is going to bail out the Bank of England, the ECB or the Bank of Japan?  These central banks have completely blown up their balance sheet and have no ability to save anything.  My question is who is going to save them?”

THE FINANCIAL SYSTEM HAS REACHED THE END

by Egon Von Greyerz, Gold Switzerland:

The world is now witnessing the end of a currency and financial system which the Chinese already forecast in 1971 after Nixon closed the gold window.

Again, remember von Mises words: “There is no means of avoiding the final collapse of a boom brought about by credit expansion.”

History tells us that we have now reached the point of no return.

So denying history at this point will not just be very costly but will lead to a total destruction of investors’ wealth.

FEAR & LOATHING IN THE LAND OF DIMINISHING DOLLARS

from SGT Report:

Bob Kudla returns to SGT Report with an economic update that’s not for the faint of heart. Happy Thanksgiving.

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It Will Happen Suddenly

by Jeff Thomas, International Man:

As the Great Unravelling progresses, we shall be seeing many negative developments, some of them unprecedented.

Only a year ago, the average person was still hanging on to the belief that the world is in a state of recovery, that, however tentative, the economy was on the mend.

And this is understandable. After all, the media have been doing a bang-up job of explaining the situation in a way that treats recovery as a general assumption. The only point of discussion is the method applied to achieve the recovery, but the recovery itself is treated as a given.

VINCE LANCI: THE SILVER PIGGY BANK IS ALMOST EMPTY

from Arcadia Economics:

TRUTH LIVES on at https://sgtreport.tv/

US weaponizing the dollar – Lavrov

from RT:

The West has destroyed free global competition and the immunity of property, Russia’s foreign minister says

The US is using the dollar to unleash trade wars worldwide, while international economic cooperation is also being weaponized, Russia’s Foreign Minister Sergey Lavrov said on Monday.

The US and its allies in the EU are using a wide range of “geopolitical engineering” tools, which include, among other things “unleashing trade and economic wars,” Lavrov stated, speaking at the Primakov Readings International Forum.

James Rickards: When the next financial crisis hits the elites are planning to freeze the financial system, worldwide

by Rhoda Wilson, Expose News:

During an interview in 2017, James Rickards revealed that there is a network of 189 people who are positioned in the world’s financial systems that hold the fate of the global financial system in their hands.

They share one vision – One World Order, One World Taxation and One World Money – and have been working behind the scenes preparing to make that vision a reality.

CBDC HELL

from Infowars:

TRUTH LIVES on at https://sgtreport.tv/

The US is Still Playing Checkers While Putin is Playing Chess to Weaken the Dollar

by Christopher LaBorde, Gold Seek:

Last Tuesday (Nov. 22), during an emergency virtual BRICS meeting Putin declared that US unilateralism has wrecked all chances of peace in the Middle East. The statement was made with the support of China, BRICS nation supporters, the Arab world, and much of the Global South.

The following day a temporary cease-fire was brokered. A month after a UN General Assembly meeting voted on a Humanitarian truce, a week after the UN instructed the need for Humanitarian Pauses, and 12 hours after a Russian President explained that the US is destroying peace; the bullets will stop for increments of 24 hours. The accusation was that the US was killing people and destroying all options on peace by monopolizing diplomacy for their own interests. Putin’s timing, audience, and framing for this statement were that of a master chess player. Its moves like these that have left Biden looking more confused and bewildered than ever.

Shrinkflation: Robbing Us Quietly in Back Alleys

by Michael Maharrey, Schiff Gold:

Inflation robs you of purchasing power by driving up the price of everything you buy. You see the impacts of inflation every time you go to the store. But sometimes inflation hits you in a more subtle way that’s difficult to see – through “shrinkflation.”

I experienced shrinkflation first-hand last weekend.

Inflation-driven rising prices don’t just hit consumers. In fact, they typically impact producers first. As the cost of materials, labor and equipment goes up, companies feel the pinch. Eventually, they pass those costs on to their customers.

THE CRASH WILL BE SPECTACULAR

by Jim Quinn, The Burning Platform:

“Interest on the federal debt is now so immense that it’s consuming 40% of all personal income taxes… If federal finances continue on their current path, we are only a few years from the entirety of income taxes being needed to finance the debt…”

The government collects $2.6 trillion of individual taxes at the point of a gun and threat of prison. Meanwhile they still operate at an annual deficit of $2 trillion. And this is before interest on the national debt starts to really skyrocket. Our Troll Secretary of the Treasury Yellen had the opportunity to lock in trillions of our national debt for 30 years at 2% rates, but purposely kept rolling it on a short-term basis.

The Biden Regime Plans to Import 65,000 Additional Foreign Workers to Put Downward Pressure on Working Class American Wages

by Jose Nino, Big League Politics:

The Biden regime has plans of importing roughly 65,000 H-2B foreign visa workers. Such an immigration influx will result in migrants taking blue-collar jobs from working class Americans. This comes at a time when millions of Americans are largely not participating in the workforce.

Late on November 3, 2023, the Department of Homeland Security (DHS) and Labor Department announced that they will let businesses import 65,000 additional H-2B foreign visa workers to gain employment in construction, meatpacking, landscaping, and other economic sectors.

JUST IN – Turkey’s central bank raises interest rate by 5% to 40%, a bigger-than-expected hike.

Capitalism’s Bleak Future: Homelessness, Inflation, Cryptocurrency with John Rubino

by Kerry Lutz, Financial Survival Network:

John Rubino is back… Did inflation just reverse course? What’s the difference between disinflation and deflation? Are stocks right to like the Fed pause? How hard do things have to get for the Fed to start easing? Leading economic indicators down for the 19th straight month. Bitcoin is rocking. Will we finally get an EFT, and what will be the impact? Argentina just elected a libertarian. China and Saudi Arabia central banks sign local currency swap agreement. Read John’s latest ZeroHedge article here.