The economic collapse is already here. It’s already here; they’re just not televising it. There are not telling you about it.
If you look at central bankers, they’ve never been right about any stock market crash, any depression, any recessions ever. Bank failures are happening all over America. The bank collapse has started, for weeks now the Fed is bailing out the rotten bankers left and right. The Fed is easing restrictions, easing laws to eliminate what bankers need to do risky investing with your money. Your money, the money you put into savings or checking accounts that they’re holding, their gambling with it on derivatives. So what’s happening is that bankers are in trouble; they’re not liquid they don’t have cash. Bank to bank lending called the repo hit up to almost 10%, which is crazy when interest rates at all-time low almost at 0%. In America, we never had interest rates this low before. What I want you to pay attention to is what happened in 2006; in 2006, there were zero bank failures, and then in 2007, there were three bank failures. And then it went to 25 bank collapses in 2008 and we experienced a huge stock market crash and global financial collapse.
Now what I want to show you right now is 2018 has zero bank failures in 2019 has three bank failures. This looks like the exact same thing that’s happened 11 years ago; then, what is going to happen in 2020. First, it was Wells Fargo, Bank of America, and now Capital One. They’re all going down for many days. Is this a show? Is this a test run? This doesn’t look natural to me. We have a REPO Crisis; A Liquidity Crisis; A Pension Crisis; A Sovereign Debt Crisis; a monetary crisis; and a crisis of the democratic model with mounting turmoils and ever-increasing separatist movements around the globe. He who panics first; panics best. Capital One Bank went down for hours. The banks are down; this is the third bank in just a few months that’s been totally down. We had Wells Fargo a couple of months ago that was totally down, and then we had Bank of America; it was entirely down. And now it’s Capital One that is down. And by all means no word of it in the news.
Guess what, thousands of people failed to gain access to their money to pay rent; or to buy food or to buy lunch or pay for their gas; because their system was all down. Now is this a coincidence? This is the third freaking bank in less than a couple of months that has been totally down. Are they getting hacked? Is this occurring due to the repo market? Or because there’s no liquidity?
That’s why the Fed is bailing out these banks a the tune of a hundred and fifty billion, not millions, but billions a day, every day. That is a bail to these rotten banksters at a hundred and fifty billion per day.
The bank collapse has actually started. That’s why we have the repo market. This time the Fed doesn’t have the mini-stimulus to inject the patient, the economy to survive because they’re already at all-time low-interest-rate they already you know or be queuing money they’re already Belling out banks As reported by to Bloomberg; Global banks are inadvertently stocking up on risky corporate loans as a result of investors starting to slash risk in the credit markets. Barkleys and Deutsche Bank are complicated bankers, but last to see investors getting ready for the 2019 recession, and smart money leaving markets. Billions are small when taking into account Trillion dollar in negative yield bonds that project vulnerability to every country. I cannot remember ever having repos and zero percent interest rates at the same time. How can we have a shortage of liquidity; when at the same time, money is being loaned at that sort of low rate? Quantitative easing is not anymore working, and the banks can’t borrow any more money. At a particular point, there will be a big bank collapse or multiple failures, which will include at the very least some kind of a bail-in and supposedly some sort of bailout, even though they might name it something else. When and which banks, is still to be disclosed. The repos are the last line of protection.
The level of recklessness and arrogance showed towards ordinary people, and the real economy is staggering, but then again, we all know what is at stake here – the very survival of the US Dollar.
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Peter Schiff : The Mother of all Bubbles is About to Pop
The Federal Reserve’s bailout operations have increased its balance sheet by over 200 billion dollars since September.
Investment advisor Michael Pento describes the Fed’s recent actions as Quantitative Easing (QE) “on steroids.”
There has never been a moment like this for so many reasons.
Starting with the unlimited printing of currency. This economy is a game of musical chairs. There are at least two hundred participants for every chair. It is going to quite a spectacle when the music stops.
Change before a crisis is exceedingly rare, given human nature.
The timing of the pop is what has continued to surprise.
Trump will keep the market pumped until elections.
Need to see what happens after that.
Welcome to The Atlantis Report.
When the New York Federal Reserve began pumping billions of dollars a day into the repurchasing (repo) markets (the market banks use to make short-term loans to each other) in September, they said this would only be necessary for a few weeks. Yet, last Wednesday, almost two months after the Fed’s initial intervention, the New York Federal Reserve pumped 62.5 billion dollars into the repo market.
The New York Fed continues these emergency interventions to ensure “cash shortages” among banks don’t ever again cause interest rates for overnight loans to rise to over 10 percent, well above the Fed’s target rate.
For the full transcript go to https://financearmageddon.blogspot.com
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recommended economic and financial books :
Destined for War: Can America and China Escape Thucydides’s Trap? https://amzn.to/33RwG52
How an Economy Grows and Why It Crashes by Peter Schiff : https://amzn.to/33Tk8Ky
Bitcoin: The End Of Money As We Know It https://amzn.to/31TXAqX
The Death of Money: The Coming Collapse of the International Monetary System https://amzn.to/2L2688q
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