After browsing through the economic cycles, the Jubilee Year end today, and the Deutsche Bank troubles, it appears we are on the cusp of some nastiness in the global markets. With the German DAX closed on Monday for a national holiday, we may have to wait til Tuesday to see the sentiment of the German people. Here are a few of the indicators:
- Commerzbank is laying off 9,000 employees
- Deutsche Bank is being sued by the USDOJ to the tune of $14 billion dollars, while their stock price is near 1980's lows (not even accounting for inflation)
- Today is the last day of the Jubilee Year (a year of return of debts per the Old Testament following the 7th Shemitah year
- US Indices are at all time highs, despite horrid unemployment, retail figures and exports
- US Fed rates have yet to be raised, because they know it will destroy their balance sheet, as buyer of last resort from the past few years' failed bond auctions
- The trillions of dollars in counterparty risk for all those that have options with Deutsche, Bank of America and Monte De Peschi Bank of Italy
For more insight, check out this interesting video by Martin Armstrong per the X22 report for greater insight:
Good luck, folks, upvote, share and follow. 100% SteemPower Post
About the interviewee (per Wiki)
Martin Arthur Armstrong (born November 1, 1949 in New Jersey) is the former chairman of Princeton Economics International Ltd. He is best known for his economic predictions based on the Economic Confidence Model, which he developed. In September 1999, Armstrong faced prosecution by the Securities and Exchange Commission and the Commodity Futures Trading Commission for fraud. During the trial, Armstrong was imprisoned for over seven years for civil contempt of court, one of the longest-running cases of civil contempt in American legal history.[1] In August 2006, Armstrong pleaded guilty to one count of conspiracy to commit fraud, and began a five-year sentence.[2]
Read more of Mr. Armstrong's thoughts, opinions and predictions at http://armstrongeconomics.com
So anyone else have any predictions? Thinking about making a poll with my next post.
Im not sure I'm buying all this Jubille, Shemitah stuff. However we have had an expansionary monetary policy globally for decades... it seems like the house of cards is just about to explode. Given that interest rates have dropped so low. @conspi-theorist has written a few articles on the topic, you might be interested.
It's the anti-semitism of it that strikes me as most suspicious.
Yeah, I've been following this monster for over a decade. I think we're closer than before, but always hard to tell how far away that is, as everyone is falling together. I'll follow conspi-theorist. Thank you for the reference.
The U.S. government has a DB wing. All these corporatist entities are so entwined that if DB tips over and the others are no longer able to prop them back up, the system could topple. Should topple. I've been expecting something like this for a long time, but they keep managing to prop each other up. Will this finally be the straw? I don't know.
Yeah, it's a race to the bottom of a two legged sack race of idiots, basically. Just wondering what other tricks they have behind the curtains
Thx for posting this is extremely important. Here is my post on computational trust. https://steemit.com/intro/@greenman/part-4-trust-who-do-you-trust-do-you-trust-your-local-city-council-provincial-or-national-gov-t-do-you-trust-the-global-world
My next post I will be calling for a debate on processing power here on the steemit feed. I won the debate on reddit already but want it attached to a blockchain - any and steemit will do for now. After that my post will be for steemit to attach itself to the only true blockchain via a hashing of every 400 man hours of content sent to a satoshi so we have it etched in stone for 3000 years not just until steemit the genius semi decentralized entity survives.
Are you advocating for voting for representatives?
I need more review as of yet I need to analyze the white paper in more detail.
What white paper?
Sorry had steemit on mind.
Thanks for the update! The Jubilee theory has proven false as no debt was washed away on any level i.e., banking, national, corporate, or personal.
The pin will be pulled either just before the election, or a little ways after, depending on how well they can hold their grip. Basically, this will decide the election. Crash before 8 October, and we get Trump. Crash after, Clinton.
It can't be that long to go, and we will see a massive surge in cryptocurrency buying when the panic starts, and the same in precious metals, and probably also in the precious metals of copper-jacketed lead with brass casing :)
I'm pretty confident that us crypto-fiends are going to get our come-uppance pretty soon when we are amongst those who suddenly find our purchasing power jump very abruptly, as the fiat toiletpaper becomes persona non grata. Like you say, Deutschebank is about to be officially insolvent. This is still a hang-over from the crash of 2007, and where much of the unreconciled debt that caused that crash got shifted.
Shared on twitter Twitter✔ for my followers to read. Another great post. Up-voted. Looking forward to reading more of your posts. I recently posted an article about US DEBT you may find interesting.
https://steemit.com/gold/@stephenkendal/103-675-044-720-163-reasons-why-gold-and-silver-will-be-usd27-000oz-and-usd700oz-by-2021
Cheers.
Stephen
This Armstrong guy - I assume part of his fraud charges were due to the fact that he named his organization "Princeton," which is a blatant reference to the reputable Princeton University despite the fact that he wasn't even remotely affiliated with the university. You really think that someone who employs disingenuous tactics like that is on the up-and-up?
I don't really think it's a capital offense as much as you do. I kind of look at the argument more than the other stuff.
If his arguments are good, why does he try to trick people into trusting him?
It just doesn't pass my sniff test. No capital offense, just extremely suspicious.
That's fine. Valid argument.