When the Dust Clears, Financial System Will Be UNRECOGNIZABLE!
SilverDoctors.com
January 6, 2016
To think “this time will be different” is the height of idiocy.
The only “difference” will be the scope and magnitude of how bad the collapse will be. Previous credit bubbles never included the issuer and finances of the world’s reserve currency.
The “foundation” to the world’s financial system will come into question and the greatest panic of all time will only be stopped by turning the lights out in the casinos.
Loss of control and the plugs being pulled all around the world will lead to one universal “view” – when the dust clears …it will be an UNRECOGNIZABLE VIEW!
By Bill Holter, JSMineset:
2015 was a very interesting year in its own right, the way it finished was even more interesting. As the year progressed we saw global trade, GDP and earnings weaken significantly. We saw unprecedented rhetoric geopolitically while central banks and sovereign treasuries became suspect from both credibility and in some cases solvency points of view.
As the world turns on credit and credit alone, it would be a good exercise to make this the focal point. We know the Fed “mandated” higher rates just a couple of weeks before Christmas. I use the word “mandated” because it looks like they have raised rates but done nothing as far as withdrawing collateral and actually tightening credit conditions. We saw no evidence of any tightening through year end. Then the unbelievable happened, overnight rates collapsed to .12 basis points on Dec. 31.
Specifically I believe it is important to look at what happened in the U.S. credit markets on the final day of the year because it exposes two important areas. Rates collapsed well below the recently announced new range and the Fed had a record overnight auction. http://www.zerohedge.com/news/2015-12-31/yellen-you-have-problem-rate-hike-corridor-just-broke
http://finance.yahoo.com/news/-475-billion-year-end-fed-auction-suggests-more-problems-in-credit–mutual-funds-023901085.html#
As a kicker, money market rates spiked.
Why is any of this important?
The Rest…HERE
