MANNARINO: Liquidity Crisis? No Problem, Just Start Another War!
The entire world banking system itself is today insolvent, something which has been assured via the now ZERO reserve debt-based system.
By Greggory Mannarino, TradersChoice.net
The world today is in crisis, a liquidity crisis of unimaginable proportions.
The entire world financial system is rapidly becoming illiquid, it is running out of cash. Yes, despite the world today being overrun with ever growing debt, it is running out of cash—fast.
Moreover, the world economy is in a deliberate central bank-backed freefall with no end in sight. With that, crude oil prices have also fallen under pressure as of late.
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So, how can the problems of system illiquidity and falling crude oil prices be temporarily solved?
Just start a new war. Crisis averted! More like pushed off.
For many weeks now, global debt has been swiftly selling off, driving bond yields higher and higher, and this in turn has rattled world stock markets. Instability in the debt market is worsening.
As bizarre as it may be, WAR can, at least for a while, introduce stability into the world’s debt market. Stability in the debt market can also stabilize world stock markets.