The wonderful and loving group of monetary thieves at the Bank for International Settlement (BIS) have issued another warning about our global economy coming apart at the seams.
TND Guest Contributor: Rory Hall | The Daily Coin
The wonderful and loving group of monetary thieves at the Bank for International Settlement (BIS) have issued another warning about our global economy coming apart at the seams. It is happening, as is being noted by the housing market collapse reports from around the country as well as Canada, England and China. We see it in the retail and restaurant sectors as well as stores are either closing or slowing to a crawl. Online sales are replacing some of the economic activity that brick and mortar locations were generating, however, most people don’t order “date night” dinner online.
Macy’s department stores announced on Thursday August 11, 2016 they would be closing 100 stores in 2017. How can this be? Didn’t the U.S. Bureau of Labor Statistics just release the latest and greatest unemployment numbers on Friday August 5, 2016 stating the U.S. economy added approximately 250,000 NEW jobs? If this is true why then, just a mere six days later, did Macy’s announce they are going to close 100 stores? I guess Macy’s didn’t get the memo about how great the economy is doing.
This brings us to the latest warning from one of the global banking cabals, BIS. This makes, at least, the third warning from either the BIS or IMF in the past year regarding the failure of Quantitative Easing (QE), Zero Interest Rate Policy (ZIRP) and Negative Interest Rate Policy (NIRP). These three central bank monetary policies incorporated into the some of the largest economies in the world are reaching the end of their lifespan. These highly disruptive policies have covered up, with more monetary problems, the financial crisis that began in 2008 and have only grown worse with the use of these monetary policies designed to hide the problems.
Not one of the “too big to fail” banks has improved their financial stability. As a matter of fact, most, if not all, of these Systemically Important Financial Institutions (FISI) have not improved at all. The consumers that hold accounts at these banking behemoths are more at risk today than any other time in history. If your wealth is being held in Goldman Sachs, Bank of America/Merrill Lynch, JPMorgan/Chase, Citi, Wells Fargo or any of the other banking giants around the world you should seriously consider an alternative plan. Once this current set of monetary policies begin to unwind and The overall pressure to rely on increasingly experimental, at best highly unpredictable, at worst dangerous, measures may at some point become too strong. comes to light, then the real financial crisis will begin. How much more can the system take? How many more monetary experiments are you willing to put up with – this is your wealth these people are experimenting with, it is not their wealth! Every time they make a mistake, a miscalculation, it is your wealth that is transferred out of your account and into theirs!! Ooops! Sorry about that, it seems our little QE experiment, that went wrong, transferred 60% of your 401k out of your account and into ours! We’re really sorry and hope that your newly found poverty doesn’t effect your lifestyle.
Every American that is invested in the S&P 500 and Dow Jones Industrial Average stock markets is exactly where the monetary genius’ want them to be. The American people have been lulled into a place of blind faith. The stock market always goes up. It may go down a little but it always comes right back – until it doesn’t. This time, when the market crashes I fear there will be no return to normal. I fear the loses people are going to suffer will never be recovered, ever. One of the biggest problems is this – these stock markets are interconnected, the world over, through derivatives. Once these derivatives begin to unwind they will become, as Warren Buffett said “a financial weapon of mass destruction” – scorched earth. Not sure if you are familiar with the idea of scorched earth, but it takes a long time to recover. Think Chernobyl or Fukushima.
Personally, I have to give respect where respect is due. The BIS, IMF and central banks around the world, all do one thing right – they give us warning and tell us, usually in language we can understand, they will now be stealing a portion of our wealth. It is our responsibility to do the research and respond accordingly, prior to the next move that is planned and announced. It has now been announced.
September 4, 2016 the G20 will be meeting in China to discuss the global economy and what the next set of “experiments” may be to attempt to piece together our failing global economy. To get an idea of the topics and some of the plans that will be discussed click here. It’s not the entire agenda, nor does it give us any insight to the “off calendar” meetings that will take place but it does provide a glimpse at what is happening and the plans that will be presented to the world. Will these plans become the “October Surprise” during the current U.S. Presidential election cycle? Will your wealth still be tangled up the in the “increasingly experimental, at best highly unpredictable, at worst dangerous” monetary policies that will be unveiled?
You have been warned and the warning is not coming from The Daily Coin, it is coming from the people that write the policies.
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