The current financial system is on borrowed time.
This is not fear mongering. It is fact.
The system almost went down in 2008. Since that time, every major decision made has been to double down on the very same bad ideas that created 2008.
Those bad ideas:
1) Excess debt driven by loose money policy.
2) Moral hazard (not allowing those who make terrible choices in the banking industry to fail).
3) Increased Centralization of the economy.
Ten days ago, when Deutsche Bank stock was about 10% higher, the biggest German commercial bank declared war on Mario Draghi, as we put it, warning him that any further easing by the ECB would only push stocks (with an emphasis on DB stock which has gotten pummeled over the past few months) lower. What it got, instead, was a slap in the face in the form of a major new easing program when the Bank of Japan announced it is unveiling negative rates just three days later.
Citi bank strategists have warned that the global economy is trapped in a “death spiral” that may lead to weakened oil prices, recession and a serious equity bear market. Analysts at the bank have dubbed the oil crisis “Oilmageddon” and say that a global financial crash worse than than the post World War II era may be on its way. Cnbc.com reports: “The world appears to be trapped in a circular reference death spiral,” Citi strategists led by Jonathan Stubbs said in a report on Thursday. “Stronger U.S.
Now that Rand Paul is out of the race for the White House his father Ron Paul, who ran in 2008 and 2012, isn’t impressed by Ted Cruz’s attempts to pick up the “free market” libertarian banner.
Submitted by Mac Slavo via SHTFPlan.com,
In a breaking development that has been completely ignored by mainstream news sources, the leaking natural gas well near Los Angeles, California is now reportedly spewing lethal levels of radioactive material, according to a report from Steve Quayle and a group with expertise in nuclear material.