The good news is last week we dodged a bullet as the Federal Reserve continues to mismanage US interest rates which is the cost of money [see photo]. The bad news is that the global financial system is a nuclear bomb that is locked-and-loaded and when it drops we will enter a financial winter.
When will this financial bomb drop?
If Trump is elected it may take another four years. If he is not elected then it will drop in January of 2021.
Trump will continue the ghost economy that we see today. Just like the ghost cities inside China this whole economy is sustained by incompetence. Both situations present a bold facade. The buildings in China begin to crumble the moment they are competed. The economy that the Federal Reserve has built on top of a mountain of debt going back to the TARP funding in 2009 is crumbling under the weight of worthless money. The US dollar is as robust as the new buildings in China. And yet the illusion of growth in China and the delusion of competence at the Federal Reserve in the US will prevail so long as Trump is re-elected. Trump is the glue that holds it all together today.
Like Trump or loath him he is counter-balance to spending spree proposed by the DC Elite who back "anyone but Tump!". If they have their way then the 2009 TARP induced debt bubble will explode [the nuclear bomb will be ignited and money will be worth less and less in all printed forms around the world].
The irony is that when the global financial system explode the US dollar is likely to soar in parity terms with every other currency around the world. Why? People panic. In times of panic people flock to what is a familiar haven and the US dollar has performed that role in the past. Eventually the whole financial currency market will be reset.
Of course this riff could be totally wrong. I hope so. But the point of this riff is to make you think different about what is happening around you. Here is the rub. Most of what is happening around you is not being reported in traditional Newsfeeds. I know that you will survive whatever is coming in the next 2-5 years, however, those who are prepared for the prospects of a global financial system implosion may thrive inside this imminent chaos.
Richard.
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