Peering Over the Abyss
By: Gary Christenson
GoldSeek.com
Wednesday, 23 January 2019
Miles Franklin sponsored this article by Gary Christenson, the Deviant Investor.
From Bill Holter “Crash Alert.”
“For the last 6 months we have responded ‘it is happening right before your very eyes!’”
“The coming crash is a mathematical certainty and one that historians will ask in the future, ‘what were they thinking.’ While CNBC parades clown after clown to tell you this is a buying opportunity, I would simply advise DON’T BE STUPID and use your own common sense! We lived through the biggest super cycle of credit the world has ever seen… how do you think this ends?”
Bill Holter understands the financial dangers confronting the world, particularly in Europe and the U.S. As for timing he said, “it is happening right before your eyes.”
The global economies must service about $250 trillion in debt, which is too much debt! The multi-decade central bank and government response to crises has been throwing dollars at the crisis and “fixing” excess debt problems with more debt. Like ten pounds of hamburger sitting in hot sun, the debt problem may not be rotten yet, but it will spoil soon.
The markets agree—they breached multiple danger zones. Nonsense touted by Wall Street cheerleaders and politicians will help as much as treating stage four pancreatic cancer with aspirin.
WHAT DO CHARTS AND DATA TELL US?
Global central banks “printed” about $20 trillion in “funny money” that bailed out banks, levitated stock and bond markets, lowered interest rates to near zero or below, and allowed politicians to spend, spend and spend. But the flow of created dollars, euros, yen and francs is slowing, and projected to go negative in early 2019.
Central bank printed “funny money” and fractional reserve banking boosted stock and bond markets and increased debt to unsustainable levels. Withdrawing that “funny money” will weaken bond and stock markets. The process is accelerating.
The Rest…HERE
