The Advanced Economies are headed for a downfall. It may be pleasant to think that the economies that are “on top” now will stay on top forever, but it is doubtful that this is the way the economy of the world works. What is even more concerning is the fact that the indications are based on a period when the debt of the Advanced Economies was growing. This growing debt acted as an economic stimulus; it helped the industries manufacturing goods and services as well as the citizens buying the goods and services. Without this stimulus, GDP growth would no doubt appear to be falling even faster than shown. https://ourfiniteworld.com/2024/06/22/the-advanced-economies-are-headed-for-a-downfall/
The latest black hole of default is coming from a big bank in Japan. Norinchukin Bank is selling $63 billion in Treasuries and other sovereign bonds to stay afloat. Then there is recent news announced by the FDIC that 63 US banks (the names are being kept secret) have more than $500 billion in losses, and let’s not forget about the trillions in losses sitting on the books of European banks ready to suck the world into a black debt hole. This is just a few of many on a long list of destabilizing problems that can tank the entire over-indebted financial system.
Holter warns, “The list is so long..."
"it could be a banking problem. It could be a derivatives problem. It could be a derivatives problem in the stock market, the bond market and you could see a failure to deliver in silver. Some type of warfare could crash the system. You could see warfare in Ukraine, Israel or Tiawan.
The system is so unstable, at this point, it could be anything that could bring it down.
Unpayable debt is not just a US problem. This is all over the world. Central banks are having to issue huge amounts of debt because we are in the exponential decay phase. We are exactly where Richard Russell said we would be 20 years ago. It’s inflate or die, and the only way to inflate is to create more money supply.”
Add to that the $10 trillion in debt the US Government has to roll over by the end of the year. Meanwhile, the US government piles on $1 trillion in new debt every 100 days. What could go wrong?
Holter said the last time he was on USAW that there was a little less than a 50% chance we would even have an election. Now, he predicts it is more likely there will be no 2024 Presidential Election. Holter says:
“There is no way the system, as it is now, survives. It’s mathematically impossible. So, if it is mathematically impossible, are they going to blow smoke . . . up until the day it blows up? Or are they going to do something to blow it up and then say our programs and policies were working except for XYZ this or whatever.
They have to kick the table over. They cannot allow the table to fall over on its own because then there is going to be finger pointing. To avoid the finger pointing, they have got to kick the table over.”
And this is why Trump had to stand down after the obvious 2020 fraud. Biden the ultimate bagholder, he owns this. I actually thought in 2016 that Trump HAD to know the system was bankrupt and rotten to the core, that he would have some role in the inevitable. But the old timeline even per Martin Anderson was like 2030, we’ve accelerated it bigly and there are great horrors ahead. ie none of these economists are considering vaxx depop in their scenarios, biggest Black Swan ever.
Good article. What happens in the next two years is anyone's guess. I suspect the owners of the Dollar will make their own decisions, and hold onto it as long as they can. Just because the US uses it to conduct business, doesn't necessarily mean it has any real control over it.
The Advanced Economies are headed for a downfall. It may be pleasant to think that the economies that are “on top” now will stay on top forever, but it is doubtful that this is the way the economy of the world works. What is even more concerning is the fact that the indications are based on a period when the debt of the Advanced Economies was growing. This growing debt acted as an economic stimulus; it helped the industries manufacturing goods and services as well as the citizens buying the goods and services. Without this stimulus, GDP growth would no doubt appear to be falling even faster than shown. https://ourfiniteworld.com/2024/06/22/the-advanced-economies-are-headed-for-a-downfall/
Here's a useless fact....Herb Stein's son is https://en.wikipedia.org/wiki/Ben_Stein who appeared in this movie:
https://youtu.be/KS6f1MKpLGM
Raising this at a dinner party is likely to ensure no further invites....
The latest black hole of default is coming from a big bank in Japan. Norinchukin Bank is selling $63 billion in Treasuries and other sovereign bonds to stay afloat. Then there is recent news announced by the FDIC that 63 US banks (the names are being kept secret) have more than $500 billion in losses, and let’s not forget about the trillions in losses sitting on the books of European banks ready to suck the world into a black debt hole. This is just a few of many on a long list of destabilizing problems that can tank the entire over-indebted financial system.
Holter warns, “The list is so long..."
"it could be a banking problem. It could be a derivatives problem. It could be a derivatives problem in the stock market, the bond market and you could see a failure to deliver in silver. Some type of warfare could crash the system. You could see warfare in Ukraine, Israel or Tiawan.
The system is so unstable, at this point, it could be anything that could bring it down.
Unpayable debt is not just a US problem. This is all over the world. Central banks are having to issue huge amounts of debt because we are in the exponential decay phase. We are exactly where Richard Russell said we would be 20 years ago. It’s inflate or die, and the only way to inflate is to create more money supply.”
Add to that the $10 trillion in debt the US Government has to roll over by the end of the year. Meanwhile, the US government piles on $1 trillion in new debt every 100 days. What could go wrong?
Holter said the last time he was on USAW that there was a little less than a 50% chance we would even have an election. Now, he predicts it is more likely there will be no 2024 Presidential Election. Holter says:
“There is no way the system, as it is now, survives. It’s mathematically impossible. So, if it is mathematically impossible, are they going to blow smoke . . . up until the day it blows up? Or are they going to do something to blow it up and then say our programs and policies were working except for XYZ this or whatever.
They have to kick the table over. They cannot allow the table to fall over on its own because then there is going to be finger pointing. To avoid the finger pointing, they have got to kick the table over.”
https://www.zerohedge.com/markets/going-be-far-worse-great-depression
And this is why Trump had to stand down after the obvious 2020 fraud. Biden the ultimate bagholder, he owns this. I actually thought in 2016 that Trump HAD to know the system was bankrupt and rotten to the core, that he would have some role in the inevitable. But the old timeline even per Martin Anderson was like 2030, we’ve accelerated it bigly and there are great horrors ahead. ie none of these economists are considering vaxx depop in their scenarios, biggest Black Swan ever.
Good article. What happens in the next two years is anyone's guess. I suspect the owners of the Dollar will make their own decisions, and hold onto it as long as they can. Just because the US uses it to conduct business, doesn't necessarily mean it has any real control over it.
Stein’s Law, after Herbert Stein, Chicago School economist, Nixon’s CEA chair:
"If something cannot go on forever, it will stop."