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EXPOSED: The Elite’s Plan to Freeze the Financial System

  • EXPOSED: The Elite’s Plan to Freeze the Financial System
    by , https://dailyreckoning.com/
    Today’s complacent markets are faced with a number of potentially destabilizing shocks. Any one of them could potentially lead to another financial crisis. And the next crisis could see draconian measures by governments that most people are not prepared for today.

    You’ll see what I mean in a moment. But first, what are the catalysts that possibly trigger the next financial crisis?

    First off, a debt ceiling crisis is just over a month away. If the ceiling isn’t raised by Sept. 29, the federal government is likely to default on at least some of its bills. If a deal isn’t reached, it could rock markets and possibly trigger a major recession.

    Given Washington’s current political paralysis and intense partisan infighting surrounding President Trump, it’s far from certain that a deal will be reached.

    Second, despite some official comments over the weekend downplaying the odds of a war with North Korea, a shooting war remains a very real possibility.

    North Korea’s Kim is determined to acquire nuclear weapons that can threaten the lower 48 U.S. states, and Trump is equally determined to prevent that from happening.

    Third, a trade war between the U.S. and China seems imminent. Trump has backed off his campaign pledges to label China a currency manipulator and an unequal trading partner. And today, Trump is expected to present his case for sanctions against China. China would likely retaliate, and that could ultimately result in a 10–20% “maxi-devaluation” of the yuan, perhaps by early next year.

    That would likely cause a stock market rout. Since China devalued in August 2015, markets fell hundreds of points in single sessions. And that was a much smaller devaluation, less than 2%. And if markets collapse from either of these scenarios — which is entirely possible — governments will move dramatically to contain the damage.

    read more.

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August 18, 2017 - Posted by | Economics | , , , , , , ,

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