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It also explains why America’s economic day of reckoning will be marked by ruinous deflation rather than by an inflationary spiral that nearly everyone these days seems to expect. Forget about Biden’s fiscal blowout and rampant Fed stimulus, which supposedly are about to send prices out of control. Only for the time being will this illusion persist. For in the end, both Biden and the Fed together will have added only mere trillions of inflation to the economy — a pittance compared to the deflation that will occur when the financial system’s $1.5 quadrillion derivatives Ponzi — that’s $1,500,000,000,000,000 — implodes.
The deleveraging tremors to follow will reduce the asset side of the global ledger by perhaps nine or ten zeroes as deflation runs its course. The sucking power of this black hole will come from a stock market crash, a collapse of asset values in general, and from tens of millions of strapped homeowners who owe more on their homes than they will ever be worth. Although a decision by The Government to hyperinflate would rescue them, allowing them to effectively stiff lenders with worthless $100,000 bills, does anyone actually believe this could happen? Not if the banksters and their lackeys on Capitol Hill have their say. And that is why deflation will rule the endgame; for there is no way borrowers will be allowed to skip free on their mortgages. The real burden of what they owe will increase with each deflationary turn of the screw, and the economic devastation this will cause cannot be legislated away.
Rick Ackerman-when the financial system’s $1.5 quadrillion derivatives Ponzi — that’s $1,500,000,000,000,000 — implodes.
What are they going to use? What color you are? That’s racist!
University Of California System Will No Longer Consider SAT And ACT Scores For Admissions
The Morning Line Published Sunday, May 16 Greasing the Slide Toward Deflation
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Chris Vermeulen
GOLD APPEARS TO BE STAGING NEW MOMENTUM BASE IN PREPARATION FOR A BIG UPSIDE MOVE (PART II)
Gold Appears To Be Staging New Momentum Base In Preparation For A Big Upside Move (Part II)
Globalists set to rig Canadian election too…
They will look at the results Monday night and if Justin and company are behind…magically…a bunch of votes will show up in the morning.
Same thing they did to Trump.
So predictable…and nobody does anything about it.
How in the F did the elections get this far out of control of the people?
Answer: Free money for the bankers to bribe the politicos and bureaucrats up and down the line.
So don’t be surprised the next time they smash PMs.
And that is why if we are ever to escape this BS more people need to buy more physical gold and silver.
