BIDEN REGIME NOT LOSING SLEEP OVER COMING CRASH

Two weeks ago the boys of The Duran hosted a live stream with Canadian vlogger, Alex Reporterfy, who has an unique perspective on financial markets, specifically bonds and derivatives. Reporterfy is vlogging on his YouTube channel about media, travel and geopolitics related issues. Reporterfy is forecasting a major financial crash in the near future and he is not the only one. In fact, given the state of the Biden economy and worse, a thing called Bidenomics, as well as the geopolitical and mental state the world is in, a crash is hardly avoidable at this stage. 

Oct. 16, 2023 The Duran: Derivatives and the coming collapse, with Alex at Reporterfy. 

How bad things really have become is in evidence just this week in an interview of Bloomberg with US Treasure Secretary Janet Yellen. In the interview she explained high interest rates by pointing to the "strong economy". It's the result of the Government last fiscal year running a two trillion dollars deficit, effectively a 'stimulus' that has been injected into the economy. Put differently, had that not happened the US economy would have been two trillion dollars smaller. 

"During an interview with Bloomberg on Thursday, Treasury Secretary Janet Yellen stated that the rise in Treasury yields that increases the cost of the U.S. government borrowing money isn’t largely connected to the deficit, but is largely “a reflection of the resilience that people are seeing in the U.S. economy that we’re not having a recession, that consumer spending and demand continue to be strong, the economy is continuing to show tremendous robustness.” (More on Breitbart)

Even during the 2008 financial crash, BNP only plummeted five percent, enough to seriously derail the economy for years. With the interest rate at four percent (actually it's closer to five percent) the burden on the tax base will be over thirty percent in 2025. Even if we take Yellen's advise, keeping our eyes on the 'affordability' of interest, the situation has become untenable.

In the next six months Yellen has to refinance (or print) 1,6 trillion dollars. In the next fiscal year interest payments will probably amount to a trillion dollars. Bonds have become unsellable and from this perspective the US may never be able to repay the debt. That puts into perspective the insanity of Yellen's narrative of a "robust economy"!

April 2023 All Out History: The Complicated History Of Gold | Power Of Gold.

External reading

* Time Magazine: "Why Janet Yellen Doesn’t Lose Sleep Over U.S. Borrowing That Alarms Most Americans"

* PomoNews: The Tragedy of the Euro (free PDF)

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