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Legendary financial and geopolitical cycle analyst Martin Armstrong has new data on how well the Biden economy is doing. Spoiler alert: It’s not doing well, and the financial system is about to tank. I asked Armstrong if the US government could default on its debt if countries around the world continue to stop buying it? Armstrong explained, “I think the US could default on its debt as early as 2025, but probably in 2027. We have kicked the can down the road as far as we can go. It’s not just in the United States. Europe is in the same boat. So is Japan. This is why they need war. They think by going into war, that’s the excuse to default on the debt. They simply will not pay China. If they try to sell their debt–good luck. We are not redeeming it. The same thing is happening in Europe. So, once that happens, you go into war, and that is their excuse on this whole debt thing to collapse, which wipes out pensions etc. Then they can blame Putin. This is the same thing Biden was doing before saying this was Putin’s inflation. Then, with the whole CBDC thing (central bank digital currency) . . . . the IMF has already completed its digital coin, and they want that to replace the dollar as the reserve currency for the world. . . . These people are desperately just trying to hang on to power. Nobody wants to give it up, and nobody wants to reform.”

I asked Armstrong what should the common person be doing now? Armstrong surprisingly said, “I think you need, safely, two years’ worth of food supply. . . .This is what I have. It’s not just prices will go up, but mainly because there will be shortages….

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Eventual Financial Death Spiral Now Imminent – John Rubino

March 11, 2024

Eventual Financial Death Spiral Now Imminent – John Rubino

Analyst and financial writer John Rubino warned nearly four months ago of a “U.S. Financial Death Spiral.” This past week, Bank of America caught up to Rubino and issued a warning about a “US dollar death spiral” because the federal government was going deeper in the red by creating “$1 trillion in new debt every 100 days.” Maybe this is why gold and Bitcoin have been hitting new all-time highs day after day. Rubino says, “When a building was worth $200 million and someone sells it for $48 million, that means there is a loss that someone has to take. Those losses are mostly on the books of regional and local banks. So, they are in big trouble financially. . . . You will get these massive bank runs that the government will have to step in and bail out. This is one of many things that will happen in the not-so-distant future. This will impact government finances in a scary way that will send people’s attention to the currency. In other words, if we have another $3 trillion bailout on top of everything else that’s going on . . .what is that going to do to the dollar? . . . . Currencies are being inflated away with all these bailouts, deficits, wars and all these things that are going on that are bad for the currency. So, people start selling government bonds, which push up interest rates and blows up even more bad real estate and paper . . . until you get a debt spiral, a real live financial death spiral than cannot be fixed. . . . I was talking to a real estate guy the other day, and he said this is not just inevitable, it is imminent. It is happening now. It is happening quickly, and it is going to hit the headlines. . . . In this case, what is inevitable in commercial real estate is also looking imminent.”

…click on the above link to read the rest…

2024: The Year from Political Hell – Martin Armstrong

February 19, 2024

2024: The Year from Political Hell – Martin Armstrong

Legendary financial and geopolitical cycle analyst Martin Armstrong is predicting political turmoil, civilian unrest, war and a big economic downturn in 2024 in a new report called “The Year from Political Hell.” It’s not just a US election year, but it is an election year for more than half of the world. This is a global phenomenon which no one can be sure of the outcome. Armstrong explains, “This is not just the United States election. This is what you hear on the news locally. However, step outside this country, and, for example, Indonesia just voted in a leftist government. You have the EU going for elections. You have on May 2nd all the local elections in Britian. You have Russian elections on May 7^th. 60% of the world is going to the polls in 2024 to vote for a new government. You might as well throw them into a tumbler, shake well and see what comes out. I mean it’s all over the place.”

On the war front, get ready for more mass killing, and don’t be surprised if it goes nuclear. Armstrong predicts, “There will be nuclear weapons. The neocons keep telling people on Capitol Hill that Russia would never use a nuke because they know we would use them back. That is nonsense! If you are about ready to conquer somebody, and this is all they’ve got left, they are pushing the button. . . . These people, all they want is war. They don’t care. They really do not care. They don’t care about the economy. They don’t care about anything.”

…click on the above link to read the rest…

Confetti Dollar End of Ponzi Scheme – Bill Holter

November 30, 2023

Confetti Dollar End of Ponzi Scheme – Bill Holter

Precious metals expert and financial writer Bill Holter says the recent underreported announcement by the UBS CEO Sergio Ermotti in Switzerland that his bank might need a “rescue” is yet another sign on the short road to the end of the global Ponzi scheme backed by the US dollar reserve currency. Holter points out, “You’ve got a sick bank (Credit Suisse) that is being bailed out by another bank (UBS) that may turn out to be sick. My question is who is going to bail out these central banks? You have got the Fed with a $9 trillion balance sheet. The last time, the Fed went from $900 billion to $9 trillion. Can the Fed now go from $9 trillion to $90 trillion? Who is going to bail out the Fed? Who is going to bail out the US Treasury? Who is going to bail out the Bank of England, the ECB or the Bank of Japan? These central banks have completely blown up their balance sheet and have no ability to save anything. My question is who is going to save them?”

Can’t they cut interest rates again like they did in 2009? Holter says, “If they cut interest rates from here, you would see the dollar absolutely crash. The only reason the dollar has not crashed is interest rates have basically gone from 0% to 5%. They have done that in a year and a half which is the fastest increase in interest rates in all of history.”

So, rate cuts will devalue the dollar. Can you pay trillions of dollars borrowed in Treasury Bond back in confetti dollars? Holter says, “Yes, you absolutely can pay back your debt in confetti. It’s been done many, many times before as currencies get lost…

…click on the above link to read the rest…

U.S. Financial Death Spiral – John Rubino

November 20, 2023

U.S. Financial Death Spiral – John Rubino

Analyst and financial writer John Rubino has a new warning about being fooled into thinking the economy is improving because inflation and interest rates have fallen some recently. Rubino says, “If the U.S. government is running crisis level deficits, which it is right now, borrowing money and paying interest on it means we are in a financial death spiral. The debt goes up, the interest on the debt goes up and that raises the debt even further, and you just spiral out of control. We are there right now. The official U.S. debt is $33.5 trillion. It’s growing by $1.7 trillion a year, and $1 trillion of that is interest costs. Interest costs are rising as the overall debt goes up. Then throw in this incredibly reckless military spending in the guise of foreign aid, and you get a society that has completely lost control. That’s where we are now. We are in the blowoff stage of a 70-year credit super-cycle. Those things do not end with a whimper, and they certainly do not end with a soft landing. They end with a bang, and the bang is going to be centered on the currency. People are going to look at this and say, ‘Do I really want to hold the currency or bonds of a country that is destroying its finances at this trajectory and this scale?’ The answer will be ‘No.’ At that point, it is game over for a deeply indebted economy. We are headed that way fast, and these wars are taking us that way even faster.”

If the Fed keeps raising interest rates, the economy tanks, but you protect the dollar. If you cut interest rates, you spike inflation even more, and the U.S. dollar tanks. Rubino says in the end, we get a “massive reset,” and the everything bubble explodes.

…click on the above link to read the rest…

Central Bank Digital Currency Prison – Catherine Austin Fitts

March 7, 2023

Central Bank Digital Currency Prison – Catherine Austin Fitts

Catherine Austin Fitts (CAF), Publisher of The Solari Report, financial expert and former Assistant Secretary of Housing (Bush 41 Admin.), says the Central Bank Digital Currency (CBDC) is much easier said than done. There is a monster fight behind the scenes between commercial banks and central banks. CAF explains, “You have bubbled an entire economy, and now you are bringing out something (CBDC) that could shrink the bubble dramatically, and it can put a lot of banks out of the game and out of the business. If the central banks are going to compete directly for retail accounts, it’s going to shrink the fees and business for a lot of banks. You are talking about cutting their income or putting them out of business. So, CBDC is highly controversial. One reason is people are beginning to wake up and realize, oh, I am no longer an insider. CBDC is going to turn me into a slave, and they are going to be able to take all my assets. You think they could lock you down during the pandemic? The CBDC is the ultimate lockdown tool, and they can lock anyone down whenever they feel like it.”

The Fed’s biggest fear is losing control of the financial system. CAF says, “The Fed is scared to death of the global debt growth model, and they kept this model going by growing the debt more and more and more. Now, interest rates are accelerating in a way . . . it shrinks your productivity. So, the pie that is supporting the debt, is shrinking. . . . This is a coup model just like in Ukraine. You push all the people out or you kill them. You have war conditions so you can pick everything up cheap. You can do this with government money to ‘help’ Ukraine….

…click on the above link to read the rest…

Fed Fears Complete Economic Collapse – Peter Schiff

February 27, 2023

Fed Fears Complete Economic Collapse – Peter Schiff

Money manager and economist Peter Schiff said in October the Federal Reserve “could NOT win the fight on inflation by raising interest rates.” As inflation just turned up anew, it looks like he was right—again. Schiff explains, “Based on the recent data we got . . . the inflation curve has bent back up. The months of declining inflation are in the rearview mirror. Now, we are going to see accelerating inflation . . . and I think before the year is over, we are going to take out that 9% inflation high last year in year over year CPI (Consumer price Index) . . . and what that is going to show is what the Fed has done thus far in its inflation fight is completely ineffective. If the Fed is serious about fighting inflation, and I do not believe it is, it’s going to have to fight a lot harder than it has. Interest rates need to go up much higher than anybody thinks, but that alone is not going to do the trick. We also have to see a big contraction in consumer credit and lending standards rising so consumers can’t keep spending. . . . Consumers are running up credit card debt. That is inflationary. That is an expansion of the supply of credit.”

It gets worse when the Fed has to save the economy again. Schiff predicts, “I think the Fed is going to have to throw in the towel on the inflation fight because it will be fighting something it fears more, which is a complete economic collapse. . . .The federal government may be legitimately forced to cut Medicare and Social Security instead of illegitimately cutting it through inflation. . . .We have this collapsing standard of living, but think about it as a tax. This is what Americans are paying…

…click on the above link to read the rest…

Neocons Need War Because Monetary System Collapsing – Martin Armstrong

February 22, 2023

Neocons Need War Because Monetary System Collapsing – Martin Armstrong

Legendary financial and geopolitical cycle analyst Martin Armstrong said at the end of last year the U.S. is being set up for a “nightmare fall.” Train derailments and political problems are spinning out of control, but the biggest threat is war. Armstrong explains, “They want a war, but they also need it because the monetary system is collapsing. . . . You have had interest rates at negative since 2014. So, suddenly interest rates are rising. Any bond owned by any institution in Europe is a loser. They have lost so much money, it’s incredible. What happens? Nobody is interested in long term debt – period. . . . If you have interest rates rising, and rates are going to be going up because the Fed cannot stop this kind of inflation. Then, you got war. You have untold billions of dollars being shipped into Ukraine which is absurd. This is what you have. . . . You also have to look at what Janet Yellen said, and she was concerned with the tons of new debt coming out. You are exceeding the balance sheets of the Primary Dealers. To be a Primary dealer you have to be able to guarantee you will be able to buy X amount of debt. If you can’t sell it, what happens? The bank is stuck with the debt, and then, they go bust. So, we have a real problem here. They cannot continue to issue this kind of debt in perpetuity. They have been borrowing money since WWII with no intention of paying anything off. . . . The Fed is independent, and they don’t want the long term debt. They have been moving towards the short end of the curve. How do you continue to fund a government if there are no buyers for the debt? This is on a global scale.”

…click on the above link to read the rest…

Global Debt & Death Spiral – John Rubino

February 14, 2023

Global Debt & Death Spiral – John Rubino

Analyst and financial writer John Rubino says we’re are in a “debt and death spiral” that will force dramatic changes on the world. Rubino explains, “The debt spiral part of this means things from here continue to get worse and worse for the big currencies of the world until they die. In other words, until people lose faith in them, refuse to use them and hold them anymore until their value falls to their intrinsic value, which is zero. That manifests to hyperinflation. The value of the currency falls as opposed to the things you buy with it. . . . Things feel basically okay for a long time as long as governments could force interest rates down to really low levels. The side effects of that are massive money creation and, eventually, inflation. That’s what we are dealing with now. So, here we go. Welcome to the end game for the world’s big currencies.”

Rubino contends things have gotten so out of control that there is no stopping what is coming. Rubino says, “We are in the part of the cycle now where things just get worse, and there is nothing we can do about it. You are going to see companies that have borrowed huge amounts of money to buy back their stock, and now they see their interest costs explode. Governments around the world have the same problem, and there is nothing central banks can do about this. The next stage of this is when everybody realizes that there is no fix. Daddy is not going to come home and take care of all of this, and there is no adult supervision. The financial markets are basically on their own with so much debt that there is nothing left to do…

…click on the above link to read the rest…

US Government in Full Scale Implosion Because of Corruption – Catherine Austin Fitts

December 21, 2022

US Government in Full Scale Implosion Because of Corruption – Catherine Austin Fitts

Catherine Austin Fitts (CAF), Publisher of The Solari Report and former Assistant Secretary of Housing (Bush 41 Admin.), says the U.S. government is so fraudulent that it will self-destruct much sooner than later. CAF predicts, “If you look at FTX, my question is how much of the money sent to Ukraine got laundered right back for the (2022 midterm) election? So, to me, Ukraine is not a destination point, it is a through put point. . . . At this point, and I hate to say it, but we are in full scale implosion. The corruption is that bad. That’s why I am telling you what we need is sovereignty. The federal government is not going to deliver. . . . The financial coup has reached a point where if you want sovereignty, the only person who can deliver that is your state governor and your legislature. . . . If you’ve got a great state AG, if you have great legislature, if you have a great governor, you better start supporting them. They are the people that can protect your sovereignty. You need governmental sovereignty if you are going to have individual sovereignty, and you better do it now. You have no time to be entertained by Joe Biden, Trump and Hunter Biden.”

The federal government corruption was turbocharged in 2019. CAF says, “While everyone was focusing on the teenage sex life of the Supreme Court nominee Kavanaugh, the House, the Senate, the White House, Democrat and Republican, both sides of the aisle got together and approved Statement 56 of the Federal Accounting Standards Advisory Board (FASAB) which said they could keep secret books. That was everybody—together. So, there is no Right vs Left. There is no Trump vs Biden…

…click on the above link to read the rest…

War Cycle Heats Up & Markets Tank in 2023 – Charles Nenner

November 30, 2022

War Cycle Heats Up & Markets Tank in 2023 – Charles Nenner

Renowned geopolitical and financial cycle expert Charles Nenner said, back in September, the markets would sink and then go back up. Both calls happened right on time. What does Nenner see now? Nenner says, “Two days ago, we started to take profits again. So, we are not that bullish. . . . The public we have now do not understand bear markets. . . . They don’t understand that we can have rallies of 15% to 20%, and then it can go down again. . . . So, we took profit and we are mostly in cash again. We are long in the bond market for a change because it looks like inflation is going to moderate for a little bit. We are waiting for the gold cycles to bottom, and we are getting very close, but the bull market in gold will come, but it’s still going to take a few more weeks.”

So, are interest rates on the way down? Nenner says, “Yes, but for very short term. You might remember our interest rate cycles bottomed, and the cycle is up for the next 30 years. I expect interest rates to go back to where they were in the early 1980’s. . . . Longer term interest rates are going much higher. Right now, we have a bounce because commodities are weaker, and I think they will be weak until around February. This is probably why the Fed is not going to talk as aggressive as they were talking. This is still temporary and interest rates are still going to go much higher in the future.”

Nenner also says, “Mortgage interest rates will go to the 8% to 9% range in 2023. . . .and the stock market will go down by about 50%.”

…click on the above link to read the rest…

$2.5 Quadrillion Disaster Waiting to Happen – Egon von Greyerz

November 3, 2022

$2.5 Quadrillion Disaster Waiting to Happen – Egon von Greyerz

Egon von Greyerz (EvG) stores gold for clients at the biggest private gold vault in the world buried deep in the Swiss Alps. EvG is a financial and precious metals expert. EvG is a former Swiss banker and an expert in risk. He says the risk in the global markets has never been this high.

EvG explains, “Credit has increased dramatically through derivatives. All instruments being issued now by banks, pension funds, stock funds, it’s all synthetic. There is no real underlying payments in anything almost. Therefore, my estimate for derivatives would be at least $2 quadrillion, and I think that is probably conservative. Then, we have debt on top of that of $300 trillion, and we also have a couple hundred trillion dollars of unfunded liabilities. So, we are talking about $2.5 quadrillion, and that’s with a global GDP of $80 trillion. So, there is a disaster waiting to happen, and especially because all this created money has created no value whatsoever. . . . I always knew this would collapse, and it’s taken longer than I expected, but I think we are at the end of a major era. . . . These derivatives, at some point in the coming few years, will actually turn into debt. Central banks will have to cover all the outstanding liabilities of the commercial banks as we are seeing now with Credit Suisse, Bank of England and etc. This is going to happen across the board. Whether it’s called derivatives or called debt, as far as I am concerned, it’s the same thing. It will have the same effect on the world financial system, which will be disastrous, of course.”

EvG says the derivative markets were simply a way for financial institutions to carry debt and not show it on their balance sheets. In the end, everything will balance out…

…click on the above link to read the rest…

Weeks Away from Whole Shithouse Coming Down – Bill Holter

October 19, 2022

Weeks Away from Whole Shithouse Coming Down – Bill Holter

Precious metals expert and financial writer Bill Holter said in June it was “game over, they’re pulling the plug.” The Fed went on an aggressive interest rate raising policy and is still raising rates. Now, the economy is staggering. Holter explains, “For sure, we are already in a recession. We are now in the third quarter of negative growth. I think it is laughable that people put odds on whether or not we are going to go into a recession because it is obvious–we are already in a recession. Rates rising have absolutely frozen the real estate market. If you own a property, who is going to buy it? Rates have gone from 3.25% to more than 7%. I am on the record that once we saw a 3% yield on the 10-Year Treasury, you would start to see a tightness in credit. Now, we are over 4%. What few people are talking about is what has this already done to the derivatives market? . . . Think about how big the derivatives market is. Total credit worldwide is $350 trillion, but you have derivatives pushing $2 quadrillion. I have said this all along, derivatives will blow up. Warren Buffett has called them financial weapons of mass destruction. They are far bigger than central banks can fix.”

Holter goes on to say, “The real economy runs on credit. Everything you look at, everything you touch and everything you do every day has many uses of credit to get to the final product or situation. So, once credit freezes up, it’s completely game over. In a past interview, I said they are pulling the plug. They have to pull the plug because, mathematically, the debt cannot be paid. The derivatives cannot perform. So, they have to pull the plug. They also have to do one other thing, and that is they have to kick the table over…

…click on the above link to read the rest…

Fed Defending Dollar No Matter What Crashes – Catherine Austin Fitts

October 16, 2022

Fed Defending Dollar No Matter What Crashes – Catherine Austin Fitts

Catherine Austin Fitts (CAF), Publisher of The Solari Report and former Assistant Secretary of Housing (Bush 41 Admin.), says what is coming for the economy is pain–and lots of it. CAF explains, “We are either in a major correction or we are going to go into a bear (market), and a lot of it depends on many different politics. If you look at the money being pumped out . . . on climate change, on green energy, environment and all these different new sort of scams, it depends on how they inject money. It’s either a major correction or it could turn into a bear (market). There is no way to tell because it is purely political.”

Various Fed presidents are repeatedly saying the central bank is going to continue raising interest rates. Why? CAF says, “I think they are going to keep raising interest rates. If you are Federal Reserve, you are playing a global game, and what you have to do is protect the reserve currency status. It looks like to me they have decided that all the BIS (Bank of International Settlements) members need to be in the dollar channel. They are doing everything they can to collapse the market share of the euro and then move that into the dollar syndicate. I think they have to keep driving the dollar up. The U.S dollar index is up to 113, and at one point, it was at 114. One analyst said it was going to 120. They have the entire frontier market and the emerging markets in a bear trap, and that is very significant power. If you are going to go into the woods and shoot the bear, you can’t wound the bear, you have to kill the bear…

…click on the above link to read the rest…

Massive Central Bank Ponzi Creates Permanent Distortion – Nomi Prins

October 3, 2022

Massive Central Bank Ponzi Creates Permanent Distortion – Nomi Prins

Three-time, best-selling book author Nomi Prins says the reason why there is so much uncertainty and chaos in the global economy comes down to one simple theme, and that is a couple of decades of central bank money printing has created the biggest Ponzi scheme the world has ever seen. Prins explains, “The Fed and other central banks have created basically this idea, and put it into practice, whenever there is real crisis, however they deem it, they are going to print money, and a lot of money. . . and pushing this envelope forward on the back of a very artificial fabrication of money. That is the Ponzi scheme here. The Ponzi scheme is actually the money that is sloshing around and is somehow owed more to reality. That it is owed to actual profits, actual production, actual growth in the economy, which it isn’t. . . . Look at the way money gets printed . . . as we saw and everybody woke up from the pandemic. Look at all the closures in the economy, and the economy still has not gotten back to where it was. It is still not stable. People are still facing economic angst, but the Fed created four and a half trillion dollars of money basically overnight. That’s a Ponzi scheme. That is something that is going to keep going whenever there is a crisis, and that is going to paper over the fact we are not actually healthy. . . . That’s the definition of a Ponzi scheme when you always have new money coming in, and in this case, it’s new money being created by the central banks. It will replace any cracks, any faults, any problems that are emerging along the way. . . The Fed doubled its balance sheet and did not double the economy. . . . That’s a Ponzi.”

…click on the above link to read the rest of the article…

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