You Can't Taper A Ponzi Scheme
"This means some debts won’t be paid. Creditors thus stiffed will fail to pay their debts and so on until sectors start blowing up. Think back to last month’s local and regional bank near-death experience for a relatively benign example of what this unraveling will look like.
To sum up, the current global financial system is a Ponzi scheme and the new money spigot has been turned off. Excitement is about to ensue."
"When today’s Ponzi scheme starts to unravel, those same governments will be faced with a choice between letting virtually everything grind to a halt as trouble at the collapsing periphery starts heading for the core (that is, as small players die in ways that threaten JP Morgan Chase), or restarting the stimmy check machine, but on a much bigger scale and with a major twist:
Instead of sending out paper or electronic checks to individual bank accounts, the Fed will roll out its much-discussed central bank digital currency and fund “free” account balances for everyone who it deems worthy of such a gift."
"Which, as always, takes us back to gold and silver."
"This means some debts won’t be paid. Creditors thus stiffed will fail to pay their debts and so on until sectors start blowing up. Think back to last month’s local and regional bank near-death experience for a relatively benign example of what this unraveling will look like.
To sum up, the current global financial system is a Ponzi scheme and the new money spigot has been turned off. Excitement is about to ensue."
"When today’s Ponzi scheme starts to unravel, those same governments will be faced with a choice between letting virtually everything grind to a halt as trouble at the collapsing periphery starts heading for the core (that is, as small players die in ways that threaten JP Morgan Chase), or restarting the stimmy check machine, but on a much bigger scale and with a major twist:
Instead of sending out paper or electronic checks to individual bank accounts, the Fed will roll out its much-discussed central bank digital currency and fund “free” account balances for everyone who it deems worthy of such a gift."
"Which, as always, takes us back to gold and silver."
