In this report I cover the early market action from London on Friday, July 20th, 2018. I look briefly at the precious metals, the stock market, the dollar and the bond market.
I also look closely at two indicators that could be pointing towards a looming financial crisis worldwide.
The first one is the fact that volatility in the bond market is at a 45-year low and at the same time speculators are massively positioned for higher interest rates. Many times speculators get caught on the wrong side of trends and their net position in U.S. Treasury futures could be a contrarian indicator of a move into Treasuries as a result of safe haven flow in a crisis.
The other indicator I look at is at the health of the British pound or sterling and how recent financial crisis have resulted in big drops in the British currency. From its high of $2.11 at the end of 2007 sterling crashed to a low of $1.35 by the beginning of 2009. At present the pound has dropped fairly sharply from a high of $1.43 earlier this year to a present level of $1.30.
My conclusion is that if these two indicators prove right again a new financial crisis could be very difficult for the powers that be to salvage the whole system from as they moved heaven and earth so to speak to save the system after the 2008 crisis.
"Calm Before the Storm": https://www.zerohedge.com/news/2018-07-19/calm-storm-treasury-risk-hits-45-year-low-shorts-hit-record-highs
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good morning maneco64, something is a foot as the local atm to me is not paying out cash! but it is registering as a withdrawal, and people are having to wait for investigations to take place from there banks, minimum three days, man on the street bail ins? who knows? keep up the good work my friend :)
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Hi Andrew, Thanks for the heads up. It's interesting because I was watching a video the other day about how there are only about $250 billion in physical dollars in the U.S. while consumer spending is $11 trillion per annum. It's probably a very similar if not worse situation here in Britain. So basically there actually veryn little cash in the system and everything else is just credit. Have a great weekend my friend!!! :)
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All the banks have less than .01% of deposits in cash. Was talking to a chase banker the other day about making a large cash withdrawal. You gotta jump through a lot of hoops to get your hands on actual cash. However, if you want to buy a $1,000,000 condo with no yard & neighbors on top of you, they can just press enter & abracadabra that 1,000,000 into virtual existence devaluing what little real value physical cash has left. We humans think we can perverse the laws of nature & real math with our funny games we play with each other. Eventually math & nature step in to tell us when the game is over, & a new one will begin where they get rid of the rest of that pesky uncontrollable cash
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What country is this happening?
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I am not a huge fan of Rickards (way too much self promoting), but I do agree with him on the next crisis -- 1999 Long Term Capital Management imploded and was saved by Wall Street (Rickards brokered this deal & it would have blown up system) -- next came 2008 where the banks blew up with financial weapons of mass destruction a.k.a. derivatives and they were saved by the Federal Reserve & that it was not just US banks it was also European Banks -- and now in 2018 Everything bubble will blow up and the FED has a full balance sheet and it will not be able to save the system; thus it will be bumped up to IMF (which has a clean balance sheet) the IMF will loan money on the conditions of austerity and the US will lose world reserve currency status BIG RESET. This is precisely what globalists wanted all along - A WORLD CENTRAL BANK. I do hope Trump is president at this time because there is another way for countries to get out of this Central Bank mess we are in --- Countries take back the right to print their own money. As we have seen with cryptocurrencies money is whatever people believe it to be -- Mario please look into Modern Money Theory, Stephanie Kelton is the leading authority. Michael Hudson is an honest economist - is also a believer in MMT.
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i am agree with your opinion. I love your work. Your blog is perfect and I support your success always for you. really very good explantation skills.because this tropic you explain doing very perfectly.i am attracted your important video.because its alltime perfect and original..thank you for your great post..sir.. @maneco64
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Ever since their brexit talks and crisis the British pounds has been experiencing a steady decline as more investors lost interest in doing business in Britain and couple with some economic challenges they are experiencing due to brexit crisis @maneco64
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So whats the fact in it on your point of.can they unite again to rise up in the region.
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To the question in your title, my Magic 8-Ball says:
Hi! I'm a bot, and this answer was posted automatically. Check this post out for more information.
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