Legendary geopolitical and financial analyst Martin Armstrong says, “The Fed is trapped. If it stops (injecting money into the repo market by billions of dollars daily), interest rates will rise.”
Armstrong goes on to explain, “The Bank of Japan came out and said we’re going to buy government bonds unlimited. They, too, are trying to prevent interest rates from rising. . . . The ECB cannot afford rates to go up. . . . This is a global contagion that’s developing, and it’s pretty serious. The rise in interest rates has tremendous implications all the way around the globe. . . . Interest rates are rising because there is increased risk – period.”
Macroeconomic analyst Rob Kirby can sum up the massive Fed money printing it is doing each and every day. Kirby explains, “We are on a vertical curve where money has to be added to the system. . . . The Federal Reserve knew this would occur at some point 20 years ago. This is why they had to create a slush fund, which has grown into a very large pile of dung heap money. What’s being reported to us on a daily basis in terms of the ‘add’ from the repo activity is just the publicly acknowledged addition of money. The “missing” $21 trillion is in play, also, and it’s being added to the system to keep the system from crapping out and imploding. We are, without a doubt, on a vertical growth curve of money.”
To hide what is going, on the Fed is going to extraordinary measures to suppress the precious metals market to not allow growth in price that would reflect massive money printing globally. Kirby says, “The stench of criminality and collusion wafts over the COMEX now like a veil of evil. What they have turned our capital markets into with price suppression, so they can maintain the air of legitimacy and value to the dollar, is going off the charts.”
On the surface, everything looks to be going swimmingly for the U.S. economy. The rest of the world may not be doing as well as the U.S., but according to the legacy financial media, there is no real trouble being reported. Below the surface, warning signs abound that the economy is in trouble now. One of the biggest warning signs is coming from the repo market that provides lending to financial institutions. Since mid-September, the Fed has been getting increasingly involved with providing funding as the banks that provided it in the past simply do not trust the other banks.
On Friday, the Fed pumped an eye popping $258.9 billion into the repo market. We find out now the Fed’s balance sheet has abruptly reversed, and added $500 billion in the last three months of 2019. Other reporting from the Fed’s own records reveals loans that amount to “roughly $215 billion per day flowing into the trading houses on Wall Street. . .”
Former CIA Officer and counter-terrorism expert Kevin Shipp says the threat of outright war with Iran is over—for now. Shipp says Iran will change its strategy from overt conflict to covert conflict against the U.S. Shipp explains, “Iran has backed down. There is no question about that, and even their so-called missile strikes against the U.S. are basically just kicking sand, intentionally missing their target. Iran understands if they entered into a war with the U.S., they would be left with nothing more than a burnt stump. So, Iran is backing down . . . What Iran is going to do is engage in asymmetrical warfare. I think they are going to start activating their sleeper cells in the United States and other countries like Saudi Arabia. We are going to start seeing attacks on easy targets in places like Iraq and activation of cells within the United States.”
Financial writer and book author John Rubino sees the world careening toward a debt reset at an increasing pace. Rubino explains, “The coming monetary reset and what that means for gold and what that means for the rest of the global financial system, you don’t need a war to bring that about because we are making enough financial mistakes that will get us there in no time flat now without geopolitical turmoil. If you add a big war in the Middle East into the equation, then anything can happen. A scenario right now that is very, very feasible is we start shooting in the Middle East and Russia and China is on the other side of this in one way or another. They help Iran, and we have our allies helping us, and we start using these next generation weapons that are breathtakingly powerful. Nobody has any idea what’s going to happen when we start throwing these things at each other. . . . Oil spikes to $100 – $150 per barrel, and that tips the already extremely fragile global financial system over the edge. So, we get the ‘Greater Depression’ or the monetary reset or a hyperinflation or whatever we get sooner rather than later. It’s a disaster for everybody when it happens that way.”
Money manager Michael Pento says forget about the sky high stock market because everything is being propped up with massive global money printing. Pento explains, “Let’s look at the facts. Global debt has now risen above $250 trillion. Let that sink in for a second, and it is a record percentage, 330% of GDP. So, we have never seen debt like this before in nominal terms. Even as a percentage of the phony GDP that is engendered by free money, it is at a record. So, the central bankers have realized that they are trapped. There is no escape from global massive debt monetization. . . . We have China, Japan, Europe . . . and even our Federal Reserve is back in QE. We have a standing repo facility. We could only raise rates to 1.5%, and we are headed back to 0%. So, the only way this massive pile of debt is able to be serviced, even on the margins, is when money is free and central banks continually debase currency.”
Pento goes on to say, “Now I hear from the central bankers that inflation is not rising fast enough. They are panicked that inflation is not rising fast enough. You have to wonder why the faith in fiat currencies isn’t eroding even more rapidly. It is going to because all the ingredients are there. I think the pace of that erosion is going to become a deluge. . . . The zeitgeist of the day should be central bankers are trapped and they can never raise interest rates. Real interest rates will be falling, and if you want a chance of staying in the middle class, you have to preserve your purchasing power, and that means owning gold.”
Wayne Jett is an accomplished lawyer who has argued cases in front of the U.S. Supreme Court. Jett is also an expert on the Federal Reserve and author of the popular book “The Fruits of Graft.” The Fed is one of the financial tentacles of the elite and is the key to their destructive power over “We the People.” Jett says, “The Federal Reserve is privately owned and the enemy of the American people as well as others around the world. They are not our savior, and it is not good to keep them around. We’ve got to shovel them into the ground as quickly as possible. Replace them as quickly as possible and be done with it.”
Gerald Celente, a top trends researcher and Publisher of The Trends Journal, says his magazine motto is “Tomorrow’s news today.” Celente says, “We are the only magazine in the world that tells you history before it happens.”
Let’s start with what just happened to President Trump with the House of Representatives voting to impeach. Is this going to hurt or help President Trump? Celente says, “It’s going to help Trump. Obviously, the Senate is not going to convict him, and this is just a total waste of time. . . . It was not bi-partisan, and it was totally illegitimate. When it all began, we told our Trends Journal subscribers don’t pay any attention to this because it’s a waste of time and energy. There’s a whole world going on out there, and all you are going to get from the dumb U.S. media is impeachment this and impeachment that. It adds up to zero, and it’s going to help Trump.”
There are many other questions for trends researcher Celente such as will the economy hold up until the November 2020 election? Where are interest rates going, up or down? How long can the economy be propped up my massive global money printing such as what has been going on recently in the repo market? If it breaks down, when will that happen? Civil unrest is going on around the world. Will civil unrest come here to the USA? What about the Middle East? Is there going to be war or peace? A hint from the interview, Celente says, “The world is on fire, and it is heating up.”
