Something wicked this way comes...

[Nom De Plume]

I remember, back in 2005, after reading an article by the finance wizard, Peter Schiff, that the market is going to crash spectacularly. Of course, he was proven correct. At the time, it was all about collateralised debt obligations, whereby banks package together prime and sub-prime debts and then sell them on. Obviously, the financial institutions and their need for greed had the world at their mercy as they demanded some kind of bail-out.The Fed responded, as it always does, by monetizing debt and through 'creative accounting' the market had the liquidity it needed to survive.

That was then...

Peter Schiff has now returned to tell the financial world that the end is nigh...


https://schiffgold.com/videos/peter-sch ... g-to-work/

[Nom De Plume]

Excerpts..

* Forty percent of Europe's investment grade corporate debt offers a negative yield and there are at this time $15 trillion worth of sovereign debt globally with a negative yield as well.

* The U.S. has increased its business debt by 60 percent since the Great Recession--it now totals $16 trillion, which is an all-time high in nominal terms and as a percent of GDP.

* It appears central banks are completely oblivious to the global bond bubble even though they are its very progenitor.

* In addition, history has proved throughout the centuries that once an economy has more than a 90 percent total debt to GDP ratio, its economic growth becomes impaired. The total in the U.S. is now 330 percent, in the EU it is 450 percent, and Japan has over 600 percent total debt to GDP

https://safehaven.com/markets/economy/T ... Burst.html