You are viewing a single comment's thread from:

RE: Get Ready for a World Currency

in #money7 years ago (edited)

Perhaps not quite as fast as you think? But not delayed enough! (we are not going to like what is coming)

Looks like 2018 or 2019 for the EU to start collapsing hard when the pooling of German bonds with the PIIGS bonds in asset backed securities causes German interest rates to rise. This will ignite the stampede of capital out of the Eurozone sovereign bonds and Euro into the US dollar and US stocks. That will begin the short squeeze dollar vortex I discussed in footnote #3 of the blog, because there is $9 trillion in dollar denominated bonds overseas that have to pay interest payments in dollars (thus they are implicitly short the dollar).

The US dollar and stock market will skyrocket for a year or two until that stampede peaks. Then the entire global economy collapses with Asia bottoming first around 2020 or so and thus slowly growing its way back up while the West (including the USA) continues to fall into the abyss all the way to 2033 and beyond. We will have civil war, civil unrest in the West. And we will probably have war with Russia, China, and/or North Korea (a proxy war to weaken the USA?), as well as probably ongoing in the Middle East.

Really bad, bad, hard times are coming. The brightest area is probably Asia.

Additionally all this migration into Europe is likely to cause another pandemic. I had more on that in my prior Steemit blog.

Sort:  

Once again i am so glad to read your posts.President Trump is more likely to start a war to erase $20 trillion on the national debt. US debt is too big for an economic adjustment programme.