MASSIVE Global Bond Write-Down Coming On Back of FINANCIAL RESET | Jim Willie
SilverDoctors.com
October 25, 2016
A massive global debt write-down of sovereign bond is coming, on the back end of the Global Financial RESET. Think paradigm shift of the most disruptive type while power shifts eastward.
The risk of war rises…
By Jim Willie, GoldenJackass:
The Western central bank franchise system is totally broken, totally insolvent, and totally corrupt. It invites the Gold Standard return. The entire financial system is built upon a debt-based monetary system. The debt saturation process has run its full course. The central bank heads have been covering the sovereign debt for the last five years, having rendered their balance sheets as ruined.
Debt is at obscene levels, like $19.7 trillion for the USGovt. No debt limits are in place anymore, a signal that most likely it has already defaulted. A hidden game is underway, with control lost to the creditors, even as they attempt to salvage their debt holdings. The major central banks continue to manage badly the great game, where money is fake phony and a farce.
A titanic battle is underway, where the Eastern nations are discarding their USTreasury Bonds, and doing so in tremendous volume while they set up the many platforms and pieces to the Gold Standard.
The US Federal Reserve monetary policy of hyper-inflation has failed to revive the USEconomy, failed to legitimize the debt securities, failed to halt the financial corruption, and failed to stem capital destruction. The official monetary policy has only succeeded in preventing the failures of almost all big Western banks.
The Rest…HERE
