Repocalypse!
Former Fed Repo Czar Warns Possible Banking Crisis Within Days -
TruNews 12 10 19
Today
on TruNews we discuss the trillion dollar repurchase agreement crisis
placing the U.S. economy potentially days away from a crippling crash
at Christmas. We address the statements by repo founding father
Zoltan Pozsar and the predictions of Billionaire hedge fund manager
Ray Dalio, that a new world order is emerging from this financial
malfeasance, and China has already won the trade, capital, and tech
war for control of the next century. Rick Wiles, Doc Burkhart, Edward
Szall.
The
Market is On The Edge
of the Abyss -- Meltdown
before Christmas
It used to be that the Fed was there for short term liquidity issues because banks lend long term and borrow short term.
THEN,
the Fed started micromanaging the economy and the stock market.
Then
they became the liquidity spigot for Wall Street.
QE
to save the system, in 2009.
QE
to save the all time highs in the stock market , in 2019 and record
employment .
Same
medicine for diametrically opposite conditions.
Now,
how can that be?
The
Central Bankers have disallowed the cycles that flush these excesses,
and now the Fed is confounded by the mess they have created.
The
system requires constant expansion", so it warrants constant QE.
The
Fed is trying to keep all charts running low left to upper right and
its effing ridiculous.
They
have created a beast they cant handle.
More
QE will only lead to a bigger crash down the road and $20 Big Macs.
If we don't, then the compounding interest on the debt will get us,
you can't fight the math in the end.
There
is no rescue; they have been re-animating the corpse for 10 years.
the
liquidity and fiat flows are all that is left;but the $120 Billion a
night is not providing enough 'free money' in the system.
The
FED will try to keep on propping up the markets by printing more
money until they break the workers with inflation, then there will be
a collapse much worse than the great depression that will bring in
the mark of the beast.
Cash
and gold my friends.
Welcome
to The Atlantis Report.
I
bet the FED and Trump will do anything and everything in their power
to prevent the stock market from crashing before the election, even
to the extend of going full Zero Interest Rates ;plus QE; plus REPO
;plus Helicopter Money; plus Whatever as soon as the crisis arrives.
But
remember , Printing will work until it doesn't.
History
is filled with lurid examples.
When
it doesn't work will be decided by many unusual factors already in
play.
Never
before has the world had to contend with derivative markets -
unregulated. This system was wired to 'pull it' decades ago. Pain,
lots of it then a new system minus the banks.
This
is the game we are in:
The
Debt must ever expand or the whole system implodes.
Interest,
my friends, is ever eating up the dollars that were created by debt.
If the debt is to be paid, then more must be created constantly to
keep enough "money" in the system to pay the interest.
When
we can't pay the interest, it's game over.
Money
is DEBT.
Bill
Holter - Confidence Going to Break Biggest Debt Bubble in History
Financial writer Bill Holter has long said, “This is the biggest debt bubble in history.” He says we are in the perfect geopolitical and financial storm that can shake people to the core. Holter says, “I believe it breaks confidence. Others say arrests and indictments will increase confidence. I agree with that in the long term, but initially, it breaks confidence, not only in the United States, but outside with foreigners. If there are no arrests, we live in a complete banana republic land. . . . This was and is a coup attempt. . . . This is by far the most intricate coup attempt in the history of history. If they don’t do something about this, then what does that say about our form of government? . . . Confidence is going to break, and confidence is what markets basically rely and trade on. Confidence is the largest factor in the credit markets, and the world runs on credit.”
So,
is this why so many top money managers and financial experts are
telling people to buy gold? Holter says, “They see that confidence
is going to break. . . .What kind of asset doesn’t get affected,
and not only affected negatively, but it gets affected positively?
The answer is gold and silver. They are non-liability money. They
are not issued by anyone. . . . It is real money.”
Join
Greg Hunter as he goes One-on-One with financial writer and precious
metals expert Bill Holter from JSMineset.com.
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