The Financial Pandemic........................from Rico

The Keynesian financial models require inflation. A lot of it. Our current models are based on this Modern Monetary Theory. More of the same, curing what ails us. [read: Getting out of debt by increasing debt].

- Weimar, Zimbabwe, Argentina, Venezuela are examples of what it does.

 

The 2007-2009 Financial Crisis was merely a prelude. A 'beta' of what was to come.

- $25 trillion was thrown into the pit to 'solve' it. It wasn't solved or resolved.

 

Today, the +$25 quadrillion in global derivatives and debt say the financial system is terminal.

- It has nothing to do with the WuFlu. It has everything to do with a flawed system being beyond repair, however.

 

The good news?

- Only on a day ending in [y].

 

Paper assets are contingent upon third-party liabilities, and paper gold & paper silver are NOT the same thing as physical.

- Try and actually swap unredeemable Federal Reserve Notes for physical Gold at $1700, or physical Silver at $17...or even their respective CRIMEX paper spots near $1493 and $12.53. No bid!

 

I expect this all to end badly. Very badly. How badly? Try:

- Bank holidays [read: banks shut down].

...plan accordingly, the ATM's will have already been unplugged when you awake to find the banks shuttered.

- Credit holidays [?].

 

It will be a hard reset. Best have some cash handy...

- TP? Hahahahahahha...