Bill’s commentary:
“Demand for bank loans is cratering and we know that Bretton Woods II has died. Will the Fed finally end up with the sum of all their fears, pushing on a string?”
‘A good politician is quite as unthinkable as an honest burglar.’ H. L. Mencken. (1880-1956).
Global Debt & Death Spiral
Analyst and financial writer John Rubino says we’re are in a “debt and death spiral” that will force dramatic changes on the world. Rubino explains, “The debt spiral part of this means things from here continue to get worse and worse for the big currencies of the world until they die. In other words, until people lose faith in them, refuse to use them and hold them anymore until their value falls to their intrinsic value, which is zero. That manifests to hyperinflation. The value of the currency falls as opposed to the things you buy with it. . . . Things feel basically okay for a long time as long as governments could force interest rates down to really low levels. The side effects of that are massive money creation and, eventually, inflation. That’s what we are dealing with now. So, here we go. Welcome to the end game for the world’s big currencies.
Bill’s commentary:
“The way I see it, school board meetings, city council meetings etc. have for the most part remained peaceful to this point. But what happens once the population looses vast swaths of wealth? Still peaceful?”
These videos now seem to be appearing every week. The footage shows the school board members of Pittsford Schools in New York attempting to prevent the mother from reading out the graphic material as she asks them what they are going to do about it.
BillHolter.com 