Wednesday , 26 October 2016

Today’s Financial Entertainment: The Final Financial Flush

Outright financial collapse, chaos and most probably war is not only ineconomy-financial-black-hol sight, it is imminent and unavoidable now. What we are looking at now is “the FINAL FLUSH” of the Western financial system. Here’s why.

The above comments, and those below, have been edited by Lorimer Wilson, editor of (Your Key to Making Money!) and the FREE Market Intelligence Report newsletter (see sample here – register here) for the sake of clarity ([ ]) and brevity (…) to provide a fast and easy read. The contents of this post have been excerpted from an article* by Bill Holter as posted on under the title The Final Flush Is At Hand! and can be read in its unabridged format HERE. (This paragraph must be included in any article re-posting to avoid copyright infringement.)

…The Federal Reserve has lost all credibility…Confidence was THE very last “hope” and the Fed gave even that away last week…

  • Money velocity has crashed,
  • so has global trade and
  • leveraged commodity trades have blown up and left many sectors dysfunctional.

…In my opinion we are already well within the jaws of a meltdown/shutdown as liquidity is evaporating. There are a dozen developed countries with their stock markets already in bear markets (down 20% or more). All crashes come from oversold levels…

What is coming should be NO SURPRISE to anyone as we are looking at the end of not only an empire but of a flawed system which has endured for far too many years! This was a solvency problem in 2008 and “liquidity” was the incorrect tool used then. Now it is a bigger solvency problem with an illiquidity kicker attached – while the Fed has already used every tool imaginable and every last ounce of credibility.

The loss of confidence in the issuer of the world’s reserve currency would be bad enough in an unlevered world, the loss of confidence in today’s “debt world” will be a DISASTER!

To wrap this up, do not let anything that may happen from here surprise you. The conditions are ripe for global currency crises and a shutdown of credit. The conditions are also ripe for hot war to explode in multiple venues.

A meltdown or shutdown of markets will serve as a FINAL FLUSH of what remains left of the U.S. middle class. Without the “wealth” in stocks and homes, psychology will be toast. The U.S. is creating “income” from actual work at a third world level which is exactly where we are headed as our standard of living is “borrowed rather than owned”.

My point is this, a market meltdown and credit shutdown will make the U.S. look like 1985 Bombay within weeks as we create nothing and have saved in “nothings” and owe everyone. This is the rosy scenario and assumes that martial law is not instituted (a poor assumption in my opinion!).

Standing watch with tears in my eyes,

Bill Holter (A Holter/Sinclair collaboration)


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