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Top Three Videos – November 29, 2023

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This is a MUST-Read...

The Impact of Out-of-Control Debt in a World Gone Mad

VRIC...

Summary

 

The US national debt, rising inflation, and potential for a market collapse are creating a dangerous economic situation that could lead to a financial crisis.

 

Economic Impact and Consequences

 
  • The national debt is now 34 trillion dollars and the interest on that debt is $700 billion a year, going up to $1 trillion by 2025, leading to NeverEnding inflation.
  • The liquidity in the bond market is almost completely evaporated, and when the reverse repo facility runs dry, the situation with US debt will be disastrous.
  • Inflation is rising at a rate of 17 to 20%, making prices unaffordable for the middle class.
  • The prediction of a protracted and inexorable stagflation after the next bubble collapse in 2024 is concerning.
  • The FED may not be able to raise interest rates much higher due to the insolvency of banks and the potential for a run on the regional banking system.
  • The overwhelming money supply continues to pump up the asset bubbles, perpetuated by cheaper money, leading to illiquid markets and lack of true free market prices.
  • The stock market right now is more expensive than any other time in history prior to 2020, indicating a potential for a significant downside.
  • Corporate bankruptcies are up 30% in the last 12 months, and S&P 500 companies have $107 billion in debt that has to be refinanced next year.
  • The total market cap of equities as a percentage of GDP is right now 160% that is greater than any other time in history.
  • The impending burst of the bond, stock, and real estate bubbles could bring down one of the most overvalued Equity markets in history.
     

Central Bank Policies and Market Conditions

 
  • The big central banks are expected to be very reticent to lower interest rates until the credit market freezes, and then they will be aggressively lowering interest rates back to QE.
  • The obsession with 2% inflation target is causing central banks to print and lend endlessly, without knowing how to control or measure inflation.

John Rubino: Load up on Precious Metals

Gold Seek Radio Nugget...

Summary

 

The US economy is showing signs of a potential recession, with government deficits reaching crisis levels and the possibility of a currency crisis, and the suggestion to invest in precious metals as a hedge against potential financial turmoil.

 

 
  • The old indicators like the money supply, yield curve, and credit card debt are screaming recession, yet we’re still getting some positive economic growth numbers.
  • Government deficits in the US have reached crisis levels, with money being created out of thin air and dumped into the system, which is stimulative.
  • The Fed’s tightening policy may lead to a slowdown, but higher wages could delay it, ultimately forcing the Fed to raise interest rates and potentially causing a bigger financial crisis.
  • The US could expect two to three trillion dollars a year in deficits in the next recession, leading to even bigger deficits.
  • “It’s possible that it just ends up not being fixable and we will have to acknowledge that the fiat currency system is broken.”
  • We can’t fix a currency crisis with high interest rates, and there’s literally nothing we can do if we don’t have aggressively higher interest rates when inflation spikes again.
  • “Load up on precious metals…gold and silver mining stocks did very well in the 1970s.”
  • In crisis, a handful of very smart people make life-changing money, and we have a chance to be among that group.

Mark Jeftovic reveals what CBDCs will be backed by... Your Carbon Footprint

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