Today’s complacent markets are faced with an alarming number of potentially destabilizing shocks.
Any one of them could potentially lead to another financial crisis. And the next crisis could see draconian measures by governments that most people are not prepared for today.
You’ll see what I mean in a moment.
But first, what are the catalysts that could possibly trigger the next financial crisis?
First off, a debt ceiling crisis is just over a month away. If the ceiling isn’t raised by Sept. 29, the federal government is likely to default on at least some of its bills.
If a deal isn’t reached, it could rock markets and possibly trigger a major recession.
Given Washington’s current political paralysis and intense partisan infighting surrounding President Trump, it’s far from certain that a deal will be reached.
Second, despite some official comments downplaying the odds of a war with North Korea, a shooting war remains a very real possibility.
North Korea’s Kim is determined to acquire nuclear weapons that can threaten the lower 48 U.S. states, and Trump is equally determined to prevent that from happening.
Third, a trade war between the U.S. and China seems imminent.
Trump has backed off his campaign pledges to label China a currency manipulator and an unequal trading partner.
China would likely retaliate, and that could ultimately result in a 10–20% “maxi-devaluation” of the yuan, perhaps by early next year.
That would likely cause a stock market rout. Since China devalued in August 2015, markets fell hundreds of points in single sessions. And that was a much smaller devaluation, less than 2%.
And if markets collapse from either of these scenarios — which is entirely possible — governments will move dramatically to contain the damage.
If regulators freeze money market funds in a crisis, depositors will take money from banks. The regulators will then close the banks, but investors will sell stocks and force the exchanges to close and so on.
Eventually, the entire financial system will be frozen solid, and investors will have no access to their money.
Consider a recent Reuters article that admitted elites would likely shut down the entire system when the next financial crisis strikes.
The article claimed that the EU is considering actions that would temporarily prevent people from withdrawing money from banks to prevent bank runs.
“The desire is to prevent a bank run, so that when a bank is in a critical situation it is not pushed over the edge,” said one source.
Very few people are aware of these developments. They get a brief mention in the media, if they get mentioned at all. But people could be in for a shock when they try to get their money out of the bank during the next financial crisis.
Think of it as a war on currency or a war on money. Even the skeptics can see how the entire financial system will be frozen solid in the next crisis.
The only solution is to have physical gold, silver and bank notes in private storage. The sooner you put your personal ice-nine protection plan in place, the safer you’ll be.
The Whole Truth And Nothing But The Truth,
P. S. Strange new warnings are appearing on ATMs across the country.
Here’s a snapshot of one I took:
And while this looks like a routine, legal-disclaimer… there’s a frightening development in the works…
One that will FREEZE all of your dollar assets in their accounts and not let you access them.