Wednesday , 15 July 2020


Economic Overviews

Jim Sinclair: ‘The End Is Not Near, It Is Here and Now’ (+2K Views)

Jim Sinclair is now warning... that ‘The end is not near, it is here and now’ in reference to the global financial system...[and] reiterating his long held view that there will be “QE to infinity” despite the denials of Bernanke and other central bankers. [He also has some interesting things to say about gold and alarming things to say about the euro. Read on.] Words: 305

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Embry: Global Financial Crisis II is Coming – and It Will Be Even Worse! Here's Why

"Either you take the debt clean-out right away, and that means a very hard deflationary depression, or you do what I suspect they will try to do and that is keep pumping money into the system to keep the whole banking (system), derivatives and economies afloat [and] that will lead to some sort of monetary distress that could end in hyperinflation. I think that’s the worst outcome, but there is no good outcome.”

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America's Derivative Market is Unbelievably Huge & Totally Unregulated – Take a Look at Which Banks Own How Much

The derivative market has blown a galactic bubble...and since there is literally no economist in the world who knows exactly how the derivative money flows or how the system works,...we really don't know what will trigger the crash, or when it will happen, but considering the global financial crisis this system is in for tough times. [If, and when, it happens it] will be catastrophic for the world financial system. If you ever wanted a tool to help yourself or others visualize the staggering magnitude of US debt and derivatives, the infographic below is a good one to share. It visualizes who those 9 too-big-fail banks are, what their derivative exposures are, and what scandals they've been lately involved in. Words: 1915

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Graham Summers: Spain "Lies Until It Is About to Die!"

The big news that the markets are attempting to digest this week is the €100 billion Spanish bailout. This action and the upcoming Fed FOMC meeting on June 19-20 will dictate the market's action over the next two weeks and possibly for the remainder of the year. [That being said, given what has transpired in Spain this past month, it is evident that the philosophy is to "lie until you are about to die." Let me explain.] Words: 640

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IMF's Lagarde Warns: European Leaders Have 3 Months to Save the Euro!

As the focus of the euro crisis shifts to Italy, IMF head Christine Lagarde has warned that European leaders have less than three months to save the euro. Meanwhile top economist Nouriel Roubini has called on Berlin to drop its obsession with austerity, proposing that the German government give every household a 1,000 euro [$1,250 US equivalent] voucher to spend on a vacation in Southern Europe. Words: 990

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Massive Worldwide QE Coming – but With NO Exit Strategy! Here Are the Consequences

On the heels of Spain asking for $125 billion to bail out their collapsing banking system...there will be a massive worldwide package coming out between the Fed, the ECB, the IMF and other central banks. The money printing is imminent. As I see things, we are on the road to perdition,...there is no exit strategy for the world (to get) out of these problems. There is no solution. If you look at what happened in 2008, people thought that was bad, but what’s going to happen, starting this year and in the next few years, will make 2008 look like a small rehearsal because the real collapse is going to start now.

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Fitzwilson: Governments/Economies/Societies Converging On a Common Dead End of Historic Proportions

“The financial markets continue to show extreme volatility as the various institutions and governments deal with the end of their respective roads....Governments, economies and societies are converging on a common dead end, and it is a dead end of historic proportions....There will come a moment when this dysfunctional system can be sustained no longer. It is not inevitable. There is still time for rational behavior and solutions, but that time is short."

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Government Can't Prevent the Next Financial Diaster – Here's Why

Even as I write these words, the world's largest economy — the E.U. — is coming unglued at the seams, the world's second largest — the U.S. — is careening headlong toward a fiscal cliff that promises to gut its GDP, nearly all of Asia — including Japan, China and India — is slowing...and yet most investors still don't get the message. [Let me go on to explain just what that message is.] Words: 1357

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