J.P. Morgan’s top quant, Marko Kolanovic, predicts a “Great Liquidity Crisis” will hit financial markets, marked by flash crashes in stock prices and social unrest.
Dumping the dollar has some advantages for the U.S. and Americans.
For the United States there are two major issues about the U.S. dollar (USD) as the preeminent World Reserve Currency:
Today a friend asked me:
“Who do you follow for economic info that is TRUSTWORTHY??”
I think the question is very important, therefor I decided to reply with this post…
According to the Federal Reserve Bank of Minneapolis:
“Negotiations to restructure sovereign debt are time consuming, taking almost a decade on average to resolve.”
While mainstream mass media talks about many things, they effectively control the narratives and distract from what is really happening and the true crisis.
The report mentions risks and ask “how could today’s financial vulnerabilities make the road bumpy?”
In expected bankers’ newspeak, he admits this could “trigger a more painful adjustment.”
Please ask your family, are they prepared?
The point is, you can detect the trend, and you have a need to know the truth.
You have choices, you can take your money out of the banks, you can transform national currency into land and other tangible assets.
“They and other central bankers have become the standard bearers of a system that can best be described as a reverse Robin Hood scheme, one that takes from the poor and gives to the rich. It’s just that in this tale, the ‘poor’ means everybody not in the top 1%.” […]
“Virtually everybody in the bottom 95% is being economically and financially sacrificed to bail out the prior bad decision of the central banks and their associated governments. And as that’s deeply unfair, it breeds resentment. Psychology tells us that resentment breeds contempt. And once there, relationship are doomed to fail. Our leaders have broken their covenant with the governed, and the governed are increasingly pissed. Expect that simmering anger to boil over at some point.” -Peak Prosperity
President Donald Trump said: ”All Currencies will be on an Even Level”…
When the economy shifts into recession mode, employers tend to start cutting back hours, and that is happening right now.