Jim Willie: The Fractured Bond Market and the Economic Collapse
By Voice of Reason
BeforeItsNews.com
Friday, September 18, 2015
Jim Willie brings an interesting take to the discussion of the financial markets. Jim doesn’t mince words, so when he’s asked about his thoughts on the stock market, he responds very frankly and says, “I don’t know and I don’t give a damn.” I’m an instant fan. Much like my other favorite Peter Schiff, Jim has a very sarcastic tone to him, and he “gets” what is happening. Right out of the gate he goes on rant about how people need to wake the hell up. He goes on about how the economy is in absolute “tatters” which echoes my sentiments exactly. All of our financial markets are in bubbles right now due to the God awful fiscal policy of His Highness’s Ass, Emperor Obama, which means that when these bubbles finally find the pin they’ve been searching for, prepare for Armageddon, seriously. People will be hurting (I’m being nice) one another just for food…
Jim begins by focusing on the Bond Market. He explains that it’s no accident that twenty two countries around the world are offering NEGATIVE rates of return on short term investments. Well how can that be? Why would there be a negative rate of return? Simply put, too many people are coming to the banks with money, and the economy is so lousy, that banks don’t have any means of charging interest on money if they lent it out, because there is not enough businesses capable of paying the loans back. In other words, contrary to what the Communist in Chief spews from his teleprompter at the podium, not only is the economy not recovering, it’s hemorrhaging massively. To make matters worse, the present environment is creating a financial black hole of sorts and just like it always does in times of global financial trouble, cash is pouring into U.S. Treasuries, and propping up the Dollar.
The Rest…HERE
