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07/02/16 7:01 PM

#280 RE: wow_happens28 #279

THE IMMINENT ARRIVAL OF QE TO INFINITY, AND HYPERINFLATION, HAS ARRIVED
Written by Andrew Hoffman on July 02 2016

http://blog.milesfranklin.com/the-imminent-arrival-of-qe-to-infinity-and-hyperinflation-has-arrived

However, the chain reaction of related, horrifying events has certainly been far larger, and broader, than the powers that be could control – from Puerto Rico’s bond default today; to the Italian banking system’s immediate bailout requirement – which I wrote of on Wednesday; to yesterday’s Austrian court decision to “re-run” last month’s Presidential election, under the auspices that the surprise loss by anti-EU Freedom Party candidate Norbert Hofer was due to vote rigging; to the Mexican Central bank being forced to “unexpectedly” raise rates to stave off runaway inflation; to plunging oil prices; and of course, the catastrophic collapse in bank stock – led by none other than Deutschebank. In fact, amidst the past three days’ comically blatant PPT stock market goosing – occurring as U.S. mutual funds fled the market for the 16th straight week – the single worst performing stock I see anywhere is good old, soon-to-be-bankrupt DB. Which shouldn’t be surpising, given that on Wednesday night, after Deutschebank was one of just two banks to fail the Fed’s unfailable “stress test,” the IMF deemed it the blog.milesfranklin.com/the-lehman-of-europe-is-now-the-worlds-most-systematically-dangerous-bank [“world’s most systematically dangerous bank.”[/tag]