Investors should prepare for more wealth destruction

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News Date: October 2, 2021

Senior brokers are warning their clients to pull money out of the stock market.
Investors seem to be nervous. And perhaps rightfully so.
A 48-year market vet warns that investors should prepare for more wealth destruction than we have ever seen as the Fed gets set to tighten policy.
David Hunter reiterated his call for a steep decline in stocks ahead.
He said he expects the S&P 500 to drop as much as 80% from its peak.
Hunter said Fed tapering would trigger the crash. Investors seem to be nervous. And perhaps rightfully so.
Stocks are up 90% from the lows in the last year-and-a-half, an extraordinary bull run.
Many measures of valuation show historic over-extension.
The Federal Reserve is getting set to taper asset purchases.
Treasury bond yields are expected to rise.
Personal finance expert Robert Kiyosaki warned the October crash is coming regardless of whether the US debt ceiling is raised or what measures are imposed by Treasury Secretary Janet Yellen or Federal Reserve chair.
Sources: flipboard.com, www.independent.co.uk

United States and China are seeking debt relief measures

The United States and China are in frequent discussions to prevent emerging market sovereign defaults.
Talks include preemptive measures such as extending loan periods to ease the annual debt service burden of over US$400 billion for poor countries.
Ideas also involve increased financing from the World Bank and others to address high borrowing rates.
The aim is to implement these measures before countries default and enter formal restructuring talks with creditors.
The Treasury Department: "we talk frequently with China about sovereign debt concerns.
And we talk to many countries about how to make sure the international financial architecture is meeting low-income country financing needs".

What is a silver short squeeze?

The idea of a silver squeeze, in very basic terms, is this: The silver price - so the theory goes - has been artificially held down by people (hedge funds, institutions, etc.) who "short" silver. This means they are betting that the price of silver will fall.
To short, or short-sell means borrowing a share or commodity, and then selling it. If the price falls, I can buy it back at a lower price, return it to the lender, and pocket the difference. But if the price rises, I am forced to buy it back at a higher price, and I lose money.
If a lot of new investors rush to buy silver, raising the price, the short-sellers will be forced to buy it back at a much greater price. This ever-increasing upward pressure forces prices higher. It is more complex than that, but this is the bones of a silver squeeze.
This is a movement to help level the playing field between everyday people and the billionaires who control the big financial institutions that control the money, and thus control us. It is a movement to wake people up to what is been happening, and to help us, together, start to reclaim the power we have unwittingly allowed others to have over our lives. Big banks have made big fortunes by manipulating the silver market for decades. Although many have tried, and some have come close, no one has been strong enough to completely break their stranglehold. Until now.
The silver market is the Achilles heel of the old system, and its time has come.
Sources: silverseek.com, www.fool.co.uk

Governments resign worldwide. Fall of Empire

Amid OBAMAGATE is unleashed, governments worldwide are stepping down as their politics wobbles.
Angela Merkel stepped down and a messy race to succeed the chancellor after the upcoming election this September.
Dutch government resigns over child benefits scandal.
Estonia prime minister Juri Ratas resigns, Kaja Kallas asked to form the government.
Italy government in crisis as Renzi ministers resign.
Kuwait cabinet members resign amid a dispute with Parliament.
Updates soon. Stay Tuned.
Details: www.politico.com

The Gold Standard Restoration Act in the House

Rep. Alex Mooney addressed the House on the Gold Standard Restoration Act:
'My bill would return the U.S. to the gold standard, protect against Washington's irresponsible spending habits and the creation of money out of thin air.
Prices would be shaped by economics rather than the instincts of bureaucrats.
No longer would our economy be at the mercy of the Federal Reserve and reckless Washington spenders', Alex Mooney said.
Sources: twitter.com

Danske Bank forgives debts for 90,000 customers

Danske Bank AS said that 90,000 Danish customers that owe the bank money will have their debt balance wiped clean after discovering errors in the bank's debt-collection systems.
The Copenhagen-based bank became aware of systemic errors in its debt-collection systems in 2019 and has been working to correct past mistakes and compensate affected customers, but as remediation has progressed new issues have emerged, extending the timeline for resolution potentially beyond 2024.
Sources: marketwatch.com