Sunday was only a few days ago yet it seems like an eternity.
It was when Fed Chairman Jerome Powell’s threw a Hail Mary pass to try and save the markets by cutting interest rates to ZERO.
It was also one of the final nails in the Bond Market’s coffin.
You see, he cut rates – once again, erroneously – thinking he could keep the markets up. Unfortunately, it resulted in a Nose Bleed drop of epic proportions.
In other words, the Fed is suffering from Monetary Erectile Dysfunction…And no amount of Viagra money printing is going to help them keep the market up.
This should be proof to the average citizen that the Government can’t save the system.
The Central Banks have lost control of the market.
Rightfully so.
This is evidenced by their stupidity in following the destructive path of lowering interest rates.
Out of desperation to prevent interest rates from rising, they’ve undermined the REPO Market and in turn compromised the global economy.
The Coronavirus is NOT the problem. It’s the catalyst and the distraction to keep you from knowing what’s really happening.
The collapse of the REPO market is what happened in 2007-2008 which led to the demise of Lehman Brothers and near destruction of all global markets.
This time around, when the brown stuff really starts hitting the fan, it will be Lehman on steroids.
I’m going to put out a Special Report on this called: The Bond Market…Death by 1,000 Painful Cuts (Pun intended).
In the meantime, Trillions of 401k dollars have been wiped off the map and No One ever holds these criminals accountable.
Most of you won’t want to look at your March statements…especially if things get worse going into April.
However, when it all turns around (and it will) you’ll be looking at the opportunity of your lifetime.
Join our “…In Plain English” club where we show you how to Connect the Dots of the global financial puzzle, while profiting AND thriving in Turbulent Times. (HERE)
Pandemic is all about
April will be better
More Stories
Sunday Funnies, If You’re Not Offended…
Saturday Rant…The Many Grinches
Climate Change…the Cover for Default