The ECB today said they are expecting a debt market blowout. LOL I've been telling these boards this was coming for years. YOU MUST BELIEVE the stock market is nothing in comparison to the bond market. Just in the US alone, the stock market has a value near $34 trillion. The bond market is near $140 trillion.
In theory, this blowout would insure the Fed buying all the debt they could, which in turn, tears the US Dollar to nothing, which then elevates precious metals. If the dollar is worthless then access to it is nil or meaningless no matter how wealthy you may be. If the dollar is worthless, anything on a piece of paper is then worthless. That is why we stack physical silver and such in our sole possession.
Note the US Dollar printed a full hanger on the close today at the 100 elevation.
The important point in all this is authorities are admitting in reverse of past statements. Inflation is trivial moves to inflation is transitory then moves to inflation is persistent and lasting. The ECB stating their expectation of a bond market blowout speaks mountains to a disaster coming. In the past when I said the coming depression will make the 1930s look like a church picnic I was not exaggerating. People will die and lose everything from it. I've been preparing since 2018. Time is running out. You had better complete your preparedness plans very soon.
I am still catching up on business after my trip. Tonight or tomorrow I will post new information on silver, NCLH, transportation index, 10 yr yield and Dow
AI
