The World Is On The Edge Of A Financial Fukushima-Style Nightmare

Thursday, March 30, 2017
By Paul Martin
March 29, 2017

Today an associate of former U.S. Treasury official, Dr. Paul Craig Roberts, just warned the world is now on the cusp of a financial Fukushima-style nightmare.

Dave Kranzler: Several “black swans” are looming which could inflict a financial nuclear accident on the U.S. markets and financial system. I say “black swans” in quotes because a limited audience is aware of these issues – potentially catastrophic problems that are curiously ignored by the mainstream financial media and financial markets…

The most immediate problem is the Treasury debt ceiling. The Treasury is now projected to run out of cash by mid-summer. Of course, in the spurious manner in which the markets evaluate the next trade, July may as well be a decade away. My best guess is that the “market” assumes that, after drawn out staging of DC’s version of Kabuki Theatre, Congress will raise the debt ceiling, probably up to $22 trillion. Then the Fed will extend its highly secretive “swap” operations to foreign “ally” Central Banks (hint: Belgium and Switzerland) in order to fund the onslaught of Treasury issuance that will ensue. Problem solved…or is it?

The Rest…HERE

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