Via Disobedient Media
It took just a few months for Disobedient Media to go from a sleepy news outlet to apparently garnering the attention of multiple power brokers on the global stage.
By EconMatters
We discuss how Central Banks in England, Europe and Japan in concert with the United States has created the biggest levered up carry trade of all time in financial markets. The unwind of this trade is going to crash financial markets!
https://www.youtube.com/watch?v=s8hbAAoSxjk
On Friday, after it emerged that as part of Marine Le Pen's strategic vision for France, should she win, is a return to the French franc as well as redenomination of some €1.7 billion in French (non-international law) bonds, both rating agencies and economists sounded the alarm, warning it would "amount to the largest sovereign default on record, nearly 10 times larger than the €200bn Greek debt restructuring in 2012, threatening chaos to the world financial system on top of the collapse of the single currency."
The key economic releases this week are CPI, retail sales, and industrial production on Wednesday. In addition, there are several scheduled speaking engagements from Fed officials this week, including Chair Yellen’s semi-annual Monetary Policy Report to Congress on Tuesday and Wednesday (Humphrey-Hawkins).