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The U.S. is a consumer economy. The U.S. is currently in the midst of the largest wave of retail sector bankruptcies since right after the Crash of ’08. What will happen if the Federal Reserve actually does (finally) start raising interest rates with this train-wreck economy? Ka-boom!
The U.S. retail sector is currently going through the largest wave of bankruptcies in seven years because of several years of weak sales in this consumer economy. The U.S.’s bubble markets have continued to go higher and higher and higher all of this time.
The disconnect between U.S. market valuations and the actual fundamentals of the U.S. economy is far, far greater than at any other time in history. Worse than in the Crash of ’08. Worse than in the Dot-Com Bubble. Worse than in the Crash of ’29.
This is why Warren Buffett is sitting on a $100 billion hoard of vampire dollars. And since Buffett clearly plans on spending those dollars himself, this means that the Mother of All Crashes is coming soon. That’s what Buffett’s mountain of money is broadcasting to anyone who is paying attention.
The Mother of All Crashes will take down almost all asset classes with it. The one possible exception will be ultra-fraudulent Western bond markets, where no legitimate trading has taken place since at least 2008.
Even though these worthless bonds have already been manipulated to record highs, they will likely be pushed even higher when the Crash arrives. This will be to fuel the equally fraudulent narrative that “investors are fleeing to bonds”.
As readers have also been warned, precious metals will almost certainly get caught up in the wake of this Crash (assisted by all the malicious might the One Bank can summon). So why favor precious metals as our Safe Haven, despite knowing the bankers will attack these markets?
Western currencies are worthless.
Western bonds are worthless, the IOU’s of bankrupt nations.
Western equities are at all-time highs.
Western real estate is at an all-time high.
Gold and silver are already at extremely depressed valuations. Beyond this, gold and silver have a 4,000 year track record as a bellwether asset class.
It was because of these factors that gold and silver (and gold and silver mining stocks) rallied far harder and far faster than any other asset classes following the Crash of ’08. They will do so again.
The Dow just hit 21,000. The NASDAQ just hit 6,000. The Buffett cash hoard has just hit $100 billion. The only way things could get any more obvious would be to see the vultures already circling in the air.