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Red Alert: The US Treasury, The US Govt Is 1 Step On A Banana Peel From Imminent Bankruptcy & Collapse. This Is Not A Test. Have Your ‘To Go Bag’ Ready To GO At A Moment’s Notice.
“The US Treasury Market Is One Shock Away From Breaking”: Fed Market Guru Has A Final Warning For Powell
Red Alert: The US Treasury, The US Govt Is 1 Step Away From Imminent Bankruptcy & Collapse. This Is Not A Test. Have Your To Go Bag Ready To GO At A Moment’s Notice.
Haven’t figured out yet where to go in the event of a crisis? Well, no time like the present. To think fast. Figure out someplace safer than where you’re at, safer from societal collapse (riots, chaos in the streets, etc.), safer from the possibility of incoming nukes, safer from the next bioweapons about to be let loose.
No money? Do your best to make where you’re at as good as it can be, do what you can to keep you and yours as safe as possible in the coming months and foremost, pray. We’ll pray for you, as we do everyday for the poor, for yours is the Kingdom.
When bankruptcy does happen to Uncle Sam, social security payments may no longer go out, Medicare & Medicaid payments may be suspended (or permanently terminated), FERS pension payments & benefits may be suspended (or permanently terminated), salary payments & other payments to the USA’s colossal military & alphabet soup of secret police agencies (aka intel agencies) may be suspended (or permanently terminated), workers for the US government may cease working for the US government (another red alert, they may become whores to the highest bidder, China, Russia, etc.), SNAP food stamp payments may be suspended or permanently terminated, the list goes on.
States may leave the union. many Texans and Californians, for example, have already voiced an interest in succeeding, they may be the first states to succeed and become independent Republics.
When the USSR collapsed in 1991, there were rumors of reported fire sales of nukes and bioweapons. When the US collapses, there may be fire sales of US nukes and US bioweapons to the highest bidders by US military or intel agency operatives. This will intensify and accelerate the risk of nukes detonating and bioweapons (mostly viruses) plaguing the earth.
The rapidly unfolding financial collapse of the Western World is, well, rapidly unfolding. At unholy speed. Now.
The financial and political collapse of England was a BLACK SWAN event. Almost no one expected bloody England to be the spark that would ignite a collapse of the Western World (Western Europe, US, Canada, Australia, etc.), the first domino to fall and to collapse the other dominoes of the Western World.
Like the rage virus in the fictional movie ‘28 Days Later’ breaking out and spreading far and wide, this British financial collapse contagion is now (Fall 2022, in real life, in real time) spreading fast and sucking the other countries of the West down into the abyss.
The Fed’s Plunge Protection Team based at the New York branch of the Federal Reserve Bank on Maiden Lane in Manhattan, went at it today, blowing billions to try to prop up the stock markets just one more day.
The Plunge Protection Team, as noted earlier today, is on its last magazine of ammo. Soon enough, the Plunge Protection Team will be out of ammo to stop the US financial markets and banks from plunging down into the abyss.
The Plunge Protection Team needs trillions of dollars to continue operations. The only way the feds can get trillions of extra dollars for the Plunge Protection Team to continue propping up financial markets and banks is to raise taxes (think 90% income tax like the US had in the 1950s to pay off World War II debt), to borrow money (which is the problem, very few people want to buy any more US Treasury bonds (US Treasury IOU’s)) OR Uncle Sam can print more money (aka “quantitative easing” or QE for short).
Raising taxes to 90% would wipe out most American families, sent rich Americans fleeing in a heartbeat to other countries, totally collapse the real estate market…
Borrowing trillions of dollars a year is no longer possible for the feds because no one wants to lend the feds trillions of dollars a year anymore (not the Chinese, not the Saudi’s…).
The feds have already printed way too much money. Printing trillions of dollars more in funny money would send inflation to hyper-inflation (German style Weimar Republic like hyper-inflation like they had in the 1920s)…. hyper-inflation is often followed by deflation (which is worse than hyper-inflation, long story). Hyper-inflation (with or without a deflation stage the day after) is always followed by hyper unemployment.
The knee bone is connected to the thigh bone, the thigh bone’s connected to…..
The financial collapse cascading now out from England…. means a cascading of economic collapse events…. which translated into the lives of most people means dealing with foreclosure or eviction, little or no heat in the winter, spartan or no housing (after foreclosure or eviction) little or no food which means hunger (and after 50 days or so of no food, starvation), gas too expensive, public transportation too expensive, health care too expensive, phone service internet electricity (etc.) too expensive, wholesale lawlessness riots and chaos in the streets, etc. etc.
Overly dramatic? No.
Look at the facts, the facts and nothing but the facts about the Western World’s economic collapse now rapidly accelerating and you will see there is no drama. The very loud drumbeat of imminent economic collapse (governmental collapse, societal collapse, etc.) is now coming from top businesspeople, top university professors, top wall street guru’s, top economists, American multi-millionaires and billionaires. Listen to what these most ‘in the know’ people are saying, separate fake news from real news then play the tape forward. There’s no drama in writing to you about what will happen in the Western World (US, Western Europe, etc.) in the immediate future.
It’s bad. It’s really bad. Pack a to go bag and be ready to go at a moment’s notice. Whatever money you have, cash may become worthless, try to convert it into a currency with real value, into gold, into commodities (food, gas, etc.), into something anything other than the British Pound, the US Dollar, the EU Euro (etc.).
Already on a good farm in a safe valley far from any city that might get nuked? Good for you. Not there yet? Pick a place that doesn’t go below freezing in the winter, where there’s plenty of food around (think farms, ranches, orchards).
Do we have a few days? May be. Probably. We could have a few months until the shit hits the fan in earnest. Who knows.
Anyway, these days are the days to pack your ‘to go bag’ and to pick a place to go to. Then spend a free day or two actually going there to see what the trip is like (how much does it cost, what are the routes there, where to sleep the first few nights in that new place). This way you are more prepared to bug out when the time comes to bug out.
Last one out is a rotten egg.
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The wall street guru mentioned in the title is NYU Stern School of Business Professor Roubini… already posted this morning his forecasts that imminently there will be a collapse worst than the 1970s, worse than the Great Depression, like a ‘great reset’ so to speak.
Note, millions (or billions) of people will die prematurely during this great reset (if it is not averted, stopped)…. and the likelihood of it being averted becomes less likely with each passing week.
Once the nukes detonate, they cannot be un-detonated.
Once the bioweapons break out they cannot un-break out.
Once the economic collapse is cascading, unravelling at an unholy speed, happening it cannot then un-happen, it cannot un-unravel, it cannot un-cascade.
The govt will rescue you? Don’t hold your breath on that one.
The govt is the #1 reason for this ‘perfect storm’ of things happening. The feds are now deer in the headlights not knowing what to do about a once every 1,000 year economic collapse, not knowing what to do about dozens of bioweapons about to be released (by US military/intel bosses, their very own bosses), about the Russians and Chinese (and North Koreans…..) having itchy fingers itching to let loose with their nukes. At US.
There is one example in history of stopping the latter, the Cuban Missile Crisis (see next post). Then and now are way different, however, and that history example available to stop the nuking may not help much this time around (to be honest).
The bioweapons, thats a tougher problem. And it gets tougher to solve with each passing week. The conclusion of ‘American Bioweaponry’ may be accurate in having stated that a high heat is needed. No progress has been seen the past 7 years from the US govt ‘inferiors’ to the US govt ‘superiors’ with the keys to these bioweapons.
The economic collapse in the Western World now in progress? Um. There is an event horizon, a point of no return. There is a time when something is past the event horizon into a black hole and then there is no possibility of turning back. There is a time when it is beyond a point of no return.
It may or may not be beyond the point of no return to stop this financial collapse in the Western World. If so, then the quicker you accept that and figure out how to deal with that (go to a good farm in a nice safe valley where it doesn’t get too cold, make the best of Dark Ages living there, a nice self sufficient Caribbean or Pacific island…. make a move to the Eastern World or the Southern Hemisphere…. brain storm and figure out the best way forward for you and yours).
If this cascading, rapidly accelerating, economic collapse of the Western World problem can still be averted (stopped) then I’m all ears…. and I’m sure the worldly powers that be in the Western World are all ears too (which they weren’t years ago when there still was plenty of time to avert the economic collapse of the Western World).
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The world’s deepest and most liquid fixed-income market is in big, big trouble. For months, traders, academics, and other analysts have fretted that the $23.7 trillion Treasurys market might be the source of the next financial crisis. Then last week, U.S. Treasury Secretary Janet Yellen acknowledged concerns about a potential breakdown in the trading of government debt and expressed worry about “a loss of adequate liquidity in the market.” Now, strategists at BofA Securities have identified a list of reasons why U.S. government bonds are exposed to the risk of “large scale forced selling or an external surprise” at a time when the bond market is in need of a reliable group of big buyers.“We believe the UST market is fragile and potentially one shock away from functioning challenges” arising from either “large scale forced selling or an external surprise,” said BofA strategists Mark Cabana, Ralph Axel and Adarsh Sinha. “A UST breakdown is not our base case, but it is a building tail risk.”In a note released Thursday, they said “we are unsure where this forced selling might come from,” though they have some ideas. The analysts said they see risks that could arise from mutual-fund outflows, the unwinding of positions held by hedge funds, and the deleveraging of risk-parity strategies that were put in place to help investors diversify risk across assets. In addition, the events which could surprise bond investors include acute year-end funding stresses; a Democratic sweep of the midterm elections, which is not currently a consensus expectation; and even a shift in the Bank of Japan’s yield curve control policy, according to the BofA strategists. The BOJ’s yield curve control policy, aimed at keeping the 10-year yield on the country’s government bonds at around zero, is being pushed to a breaking point because of rising interest rates and yields worldwide. As a result, some expect the BOJ to tweak its policy, which was introduced in 2016 and is seen as increasingly out of line with other central banks.Read: Here’s what’s at stake for markets as Bank of Japan sticks to its dovish pathRight now, investors are grappling with a cauldron of risks: persistent U.S. and global inflation, accompanied by continued interest rate increases by the Federal Reserve and other central banks, as well as lingering uncertainty about where the world’s economy and financial markets are headed. U.S. officials are so concerned about the potential for a repeat of the September volatility which gripped the U.K. bond market, that Fed and White House officials reportedly spent last week asking investors and economists if a similar meltdown could happen here, according to the New York Times.Illiquidity in the ordinarily smooth-functioning Treasurys market means that government debt can’t be easily and quickly bought and sold without significantly impacting the underlying price of bonds — and that type of situation would theoretically translate into trouble for just about every other asset class. Traders are just beginning to factor in a greater chance that the fed-funds rate target could go above 5% next year, versus a current level between 3% and 3.25%, which raises the likelihood of continued bond selloffs not long after investors just wrapped their heads around a 4% level for interest rates.As of Thursday, Treasury yields continued to march higher, sending the 2- BX:TMUBMUSD02Y, 10- BX:TMUBMUSD10Y and 30-year yields BX:TMUBMUSD30Y further into multiyear highs. Meanwhile, all three major U.S. stock indexes DJIASPXCOMP were lower in the final hour of trading. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
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