Sunday, April 2, 2017
Is 2018 Looming Large?
consider these time frames:
1998 Wall Street bailed out the hedge funds
a. meltdown spread from Asia's young tigers to Russia
b. Long Term Capital Management failed
c. Lehman Bros. almost failed
d. people cashed out (redeemed) of money market funds
e. banks had to sell commercial paper to redeem money market funds
f. European banks guaranteed U.S. money market funds
2008 World central banks bailed out Wall Street
a. March 08 Bear Stearns failed
b. Summer of 08 Freddie and Fannie failed
c. Sept. 08 Lehman Bros. failed
d. Morgan Stanley days away from failure
e. Fed's balance sheet blew up from $800 billion to $4 trillion
f. world central bank balance sheets blew
g. all central banks worldwide became stressed and they have never normalized
Each financial crisis is getting worse
Next year it will ten years.......in 2018 could the financial System collapse again?
In the next crash will the world issue SDRs after financial system shuts down?
The central banks no longer have a "rabbit to pull out of the hat"!
This is all being planned to bring in
a. global government
b. global money, SDRs
c. global taxation, to get taxes from the huge, int'l corporations.
Below Jim Ricards gives an excellent interview on the current state of the financial system.