First up is Kanjorski admitting their WAS a run in 08 on the electronic bank system and money market accounts. To the tune of $550B before they could slam the doors closed early.
Now 7 years later the same thing has happened months early (of the “7 year” cycle) and they are tossing the sink in to save the markets. All while not saying it out loud.
Many are saying the dominoes have already started to fall. Nobody is buying gold and silver futures. They all stopped. Forcing the fed to purchase 150 of the 800 contracts below cost. This was gum on a dam leak and the bubble has already started to expand.
Backwardation in commie speak is “economic growth”.
In Amrerican it means “hold on kids”.
Get ready for the barter system.
One word: Derivatives . . . Add unfunded liabilities plus fiat currency, and sure as you’re born, the House of Cards was built. NOW, it’s crashing, as it was designed to. If you aren’t a prepper, prepare to expire quickly . . .