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The Federal Reserve quietly pumped $125 billion into the repo market during the last week of October. Red flags have been raised that the banks are in desperate need of liquidity, but there is a deeper issue at play—the entire system is under stress.
In a special report for institutional clients, I detailed the progression of the Liquidity Crisis we had forecast would erupt at our Rome World Economic Conference, come September 2019. The early warning signs were right there in our face if you just looked. The next stage emerged into the Repo Crisis, and the third stage will unfold as the Mother of all Financial Crises.
I suppose student loans, job losses, inflation giving losses on bank loans, Fed sells bonds via banks to regular Joe but they no want anymore ……you can smell it. Can you smell this stench? Smells like a TARIFF , what hollowed out eyes of evil waiting for us ….
PM Carney claims that having an industrial carbon tax is necessary for Canada to expand trade into European Union, the United Kingdom and emerging Asian markets.
