Peter Schiff : We Cannot Recover from Repo
This Repo has gone on for too long now, it’s serious.
The entire operation is meant to hide the real problem, which I believe is the gigantic derivatives overhang. With deteriorating interest rates, many of these weapons of mass financial destruction are starting to fail spectacularly. When many of these no longer functions as collateral, it is obvious what will happen.
The game being played by the ESF to suck up the massive selloff of foreign held treasuries is the reason for the disconnect. There is probably nobody that has a complete picture of how all the swap derivatives are cross owned by the large banks. Rob Kirby explained how they’ve managed to divert the inflation, but the side effect is what we are witnessing right now – the derivatives bomb is about to blow up.
The disgusting games the US has played with never-ending fraud and fidgeting has come full circle now. All I hope for now is that whatever war they have planned will be exposed and fail. All the games have to stop now, all the lies and deceptions have gone way too far. The end of “interest” is coming. No one can borrow any more. That alone will end the Fed. Without interest, what would then be their job! Only to crash the system, then step in as our savior.
There is no recovery from this. We cannot overcome the repos. And the rate is compounding now. Liquidity is freezing up. Buckle up.
Welcome to The Atlantis Report.
The Fed has become the great enabler. A crucial role of a reserve currency is to force other currencies to toe the line or pay a stiff price. Ignoring this economic reality translates into pain for those holding the currency of any country that abuses this economic law.
Fed interventions in the repo market are getting worse and worse. What was meant to be small and temporary seems now to be vast and permanent? Investors are asking, “What is the Fed hiding?”
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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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