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Thanks, A
Re: Uh Oh! The Last Time This Happened, the Gl....
Watchman, In a recent interview, Jim Willie said the possibility exists that the Fed "rate hike" is a sham, that they not only are not charging .25% more, but that the so-called rate hike will be nullified in the near future.
In addition, the .69 Canadian dollar rate is compared to the dollar, which some analysts are crowing about as "a strong dollar."
Jim Willie says the rising dollar is like a helium balloon that rises until it pops.
He says the dollar is about to implode.
I agree. In fact, I'm looking forward to it.
It may mean hard times for many of us, but I've been through hard times before.
I can do it again, but the wealthy elite will absolutely disintegrate if they lose the fortunes that they have amassed by illicit means at the expense of the common man.
I lived out of the back of my truck one time, slept on the ground, and ate out of a tin can.
I can do it again if I have to.
I'll sleep warm and sound, dreaming of the rich man dying because his silk underwear is dirty.
As the Marines used to say, #@$% 'im.
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: Uh Oh! The Last Time This Happened, the Global Financial
: System Went Into Freefall
: January 14, 2016
: Post categories: BRICS, China, City of London, Economy,
: Freedom, Manipulation, Russia, Silver & Gold, US Dollar
: Freefall 3
: Things aren’t Looking Good
: Holy smokes, 2016 is intense! The world economy is literally
: seizing up, and vaporizing vast amounts of wealth from
: investors.
: In just 2 weeks, over $3 trillion in wealth has been wiped
: out. I’ve been watching markets tank all over the entire
: world, and it’s starting to smell like August/September of
: last year again.
: Anyone remember Black Monday just 4 short months ago? Seems
: like an eternity ago now. Yet, I warned back then that the
: carnage felt across the global equity markets was just a
: warm up.
: I said that shortly we’d be revisiting that action, and that
: what was to come would make it seem like a blip. Well, as
: you can see on this chart, we’ve finally gotten a crucial
: breakdown that I’ve been anticipating for some time now.
: Freefall 1
: My friends, they say a picture is worth a thousand words, well
: folks, that chart spells absolute disaster! Brent Crude
: crashed through the all-important $30 level.
: West Texas Intermediate and Brent Crude have both literally
: caved in to levels not seen since 2004! This is unreal! Not
: even during the previous financial crisis did oil prices
: print such disastrously low numbers.
: This has staggering implications for countries, populaces, and
: investors the world over.
: “Watchman, so oil’s lower! Who cares? What on earth does the
: price of oil have to do with the state of global health?”
: It has everything to do with it.
: Oil Contracts and Sovereign Nations
: We live in a world that is run on oil. Oil is not only the
: lubricant of the global economy, it is quite virtually the
: engine of all major economic activity. Without infinite,
: cheap credit, and a healthy oil price, global activity
: grinds to a halt.
: Major superpowers in our world are heavily(too heavily)
: dependent upon a reasonably high oil price, in order to pay
: their bills, and sustain their economies and trade.
: Countries like Canada, the US, Saudi Arabia, and Russia are
: just a short list of such powers.
: The problem for all of them, is that the Fed, with their
: recent interest rate hike, has just ensured that the cheap
: credit they’ve depended on, is now drying up around the
: world. This has put these countries’ energy revenue streams
: in deep, deep trouble.
: For instance, take Canada! With its vast Athabasca Oil Sands,
: it has the third largest known oil reserves on the planet,
: and is actually an energy exporter. For years, it has been
: known as a country with a strong credit rating, a strong
: currency, and a surplus of commodity wealth.
: However, the latest Fed rate hike, coupled with crashing
: commodity and oil prices have absolutely pulled the rug out
: from under the Canadian currency, and thrown it into a
: tailspin!
: Just look at the havoc that’s being wrought upon the Loonie!
: Freefall 4
: Brutal!
: They’ve gone from over parity with the US Dollar, to just 69
: cents in just 3 years!
: That is a bloodbath. Again, not during the last financial
: crisis in 2008/2009 did the Loonie fall anywhere near this
: level.
: This means that not only do the Canadians have to worry about
: a tightening credit market, a falling stock market, and a
: collapsing commodity/energy sector, they’re unfortunately
: experiencing the painful results of a faltering currency
: nosedive.
: Just look at these sky-rocketing prices(via Zerohedge)!
: SD Bullion
: (end snip)
: Much More Here
: http://tinyurl.com/zujgume
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