The Global Financial System is now under severe stress. While there have been many factors leading to up to this point, the situation that is unfolding in China and abroad seems to be speeding up the process. Yesterday, the market got a small WHIFF or WOKE up a TAD in regards to a global contagion and soon to be the rapid contraction of the JIT – Just In Time Inventory Supply Chain System.
Even though the Dow Jones Index lost 1,031 points on Monday and another 400+ points so far today, this is mere peanuts when we take into account what is coming in the following weeks and months ahead. Because China accounts for 21% of Global GDP and it supplies a lot of goods, parts, and consumables around the planet, a severe contraction will impact the rest of the world in short order.
But, what if this contagion spreads further to other countries as we see in Iran and Italy?? Then, we are talking about a much more severe systemic problem. And according to my research these past 3-4 days, it’s much worse than I previously thought. I don’t plan on doing any updates on this contagion, as many others are more qualified. However, I will be posting some information as it pertains to the global economy and financial system.
The one thing that I will share is that if you want to wait to prepare for this until some local, state, or regional government comes in and locks down your town, city, or area… then you are behaving UNWISELY. Of course, the situation may not get that bad, but there is nothing wrong with a little insurance, just in case.
The Precious Metals Will Do Did Exactly What They Were Designed To Do… PROTECT WEALTH
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