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The Federal Reserve has pulled the plug on the US and Global Debt Bubble - Global Planned Financial Tsunami Has Just Begun

 
Anonymous Coward
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06/22/2022 10:15 PM
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The Federal Reserve has pulled the plug on the US and Global Debt Bubble - Global Planned Financial Tsunami Has Just Begun
[link to www.sott.net (secure)]

Fed has pulled the plug

With the 0.75% Fed rate hike, largest in almost 30 years, and promise of more to come, the US central bank has now guaranteed a collapse of not merely the US debt bubble, but also much of the post-2008 global debt of $303 trillion. Rising interest rates after almost 15 years mean collapsing bond values. Bonds, not stocks, are the heart of the global financial system.

US mortgage rates have now doubled in just 5 months to above 6%, and home sales were already plunging before the latest rate hike. US corporations took on record debt owing to the years of ultra-low rates. Some 70% of that debt is rated just above "junk" status. That corporate non-financial debt totaled $9 trillion in 2006. Today it exceeds $18 trillion. Now a large number of those marginal companies will not be able to rollover the old debt with new, and bankruptcies will follow in coming months. The cosmetics giant Revlon just declared bankruptcy.

The highly-speculative, unregulated Crypto market, led by Bitcoin, is collapsing as investors realize there is no bailout there. Last November the Crypto world had a $3 trillion valuation. Today it is less than half, and with more collapse underway. Even before the latest Fed rate hike the stock value of the US megabanks had lost some $300 billion. Now with stock market further panic selling guaranteed as a global economic collapse grows, those banks are pre-programmed for a new severe bank crisis over the coming months.

As US economist Doug Noland recently noted,

"Today, there's a massive "periphery" loaded with "subprime" junk bonds, leveraged loans, buy-now-pay-later, auto, credit card, housing, and solar securitizations, franchise loans, private Credit, crypto Credit, DeFi, and on and on. A massive infrastructure has evolved over this long cycle to spur consumption for tens of millions, while financing thousands of uneconomic enterprises. The "periphery" has become systemic like never before. And things have started to Break."
The Federal Government will now find its interest cost of carrying a record $30 trillion in Federal debt far more costly. Unlike the 1930s Great Depression when Federal debt was near nothing, today the Government, especially since the Biden budget measures, is at the limits. The US is becoming a Third World economy. If the Fed no longer buys trillions of US debt, who will? China? Japan? Not likely

Full article:
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not now

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06/22/2022 10:26 PM

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Re: The Federal Reserve has pulled the plug on the US and Global Debt Bubble - Global Planned Financial Tsunami Has Just Begun
Things are going to get really bad really fast
not now.
Anonymous Coward
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06/22/2022 10:34 PM
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Re: The Federal Reserve has pulled the plug on the US and Global Debt Bubble - Global Planned Financial Tsunami Has Just Begun
When?

Two weeks?
Anonymous Coward
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06/22/2022 10:53 PM
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Re: The Federal Reserve has pulled the plug on the US and Global Debt Bubble - Global Planned Financial Tsunami Has Just Begun
Well sh!t.

Informative article, tho.
Anonymous Coward
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06/22/2022 10:53 PM
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Re: The Federal Reserve has pulled the plug on the US and Global Debt Bubble - Global Planned Financial Tsunami Has Just Begun
Things are going to get really bad really fast
 Quoting: not now


rockon

Hoping for a total collapse before the Nov elections!
Anonymous Coward
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06/22/2022 10:55 PM
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Re: The Federal Reserve has pulled the plug on the US and Global Debt Bubble - Global Planned Financial Tsunami Has Just Begun
money changers

you get what you earn
Anonymous Coward
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06/22/2022 11:16 PM
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Re: The Federal Reserve has pulled the plug on the US and Global Debt Bubble - Global Planned Financial Tsunami Has Just Begun
Things are going to get really bad really fast
 Quoting: not now


rockon

Hoping for a total collapse before the Nov elections!
 Quoting: Anonymous Coward 83045382


Bring it on! Why not tomorrow, even?
DrPunch

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06/22/2022 11:27 PM

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Re: The Federal Reserve has pulled the plug on the US and Global Debt Bubble - Global Planned Financial Tsunami Has Just Begun
Things are going to get really bad really fast
 Quoting: not now


rockon

Hoping for a total collapse before the Nov elections!
 Quoting: Anonymous Coward 83045382


Yes, me too and I suspect we will get our wish. Corporation USA has to die for America to live.
DrPunch
Agent 99

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06/22/2022 11:32 PM

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Re: The Federal Reserve has pulled the plug on the US and Global Debt Bubble - Global Planned Financial Tsunami Has Just Begun
When?

Two weeks?
 Quoting: Anonymous Coward 79438848


Bloomburg Radio today said 1 week.
Prayandprepare000

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06/22/2022 11:35 PM
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Re: The Federal Reserve has pulled the plug on the US and Global Debt Bubble - Global Planned Financial Tsunami Has Just Begun
It's simple. Debt is defaulted on. All of it.

We also have to get rid of SS payments, the VA payments, and so on. Covid did not succeed, so time for another killer pandemic that actually works.

Pity the naive and trusting retiree who will lose that big stash in the pension, the hedge fund, the money market. Bonds destroyed, stocks devastated.

Pity anybody without a good garden plot and a big stash of precious metals. God help us and have mercy.
Anonymous Coward
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06/22/2022 11:37 PM
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Re: The Federal Reserve has pulled the plug on the US and Global Debt Bubble - Global Planned Financial Tsunami Has Just Begun
It's simple. Debt is defaulted on. All of it.

We also have to get rid of SS payments, the VA payments, and so on. Covid did not succeed, so time for another killer pandemic that actually works.

Pity the naive and trusting retiree who will lose that big stash in the pension, the hedge fund, the money market. Bonds destroyed, stocks devastated.

Pity anybody without a good garden plot and a big stash of precious metals. God help us and have mercy.
 Quoting: Prayandprepare000


hesright
Anonymous Coward
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06/22/2022 11:42 PM
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Re: The Federal Reserve has pulled the plug on the US and Global Debt Bubble - Global Planned Financial Tsunami Has Just Begun
When?

Two weeks?
 Quoting: Anonymous Coward 79438848


Bloomburg Radio today said 1 week.
 Quoting: Agent 99


1 week for total collapse? 1 week for the start? 1 week for bank runs, food runs, gas runs?
1 week for what?
Anonymous Coward
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06/22/2022 11:50 PM
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Re: The Federal Reserve has pulled the plug on the US and Global Debt Bubble - Global Planned Financial Tsunami Has Just Begun
Hey , Prayandprepare000, go fuck youref.
Anonymous Coward
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06/22/2022 11:51 PM
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Re: The Federal Reserve has pulled the plug on the US and Global Debt Bubble - Global Planned Financial Tsunami Has Just Begun
It's simple. Debt is defaulted on. All of it.

We also have to get rid of SS payments, the VA payments, and so on. Covid did not succeed, so time for another killer pandemic that actually works.

Pity the naive and trusting retiree who will lose that big stash in the pension, the hedge fund, the money market. Bonds destroyed, stocks devastated.

Pity anybody without a good garden plot and a big stash of precious metals. God help us and have mercy.
 Quoting: Prayandprepare000


hesright
 Quoting: Anonymous Coward 56183872


In a default or deflationary depression cash is king PMs are not worth anything. Garden wont feed you considering the average human without working needs base weight * 12 = kcals per day...
Florida Man
I didn't do it!

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06/22/2022 11:53 PM

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Re: The Federal Reserve has pulled the plug on the US and Global Debt Bubble - Global Planned Financial Tsunami Has Just Begun
Things are going to get really bad really fast
 Quoting: not now


People can't afford 6.5% interest rates?

Wahhhhhhhh


Low interest rates raised the prices of homes.

Last Edited by Florida Man on 06/22/2022 11:55 PM
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Anonymous Coward
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06/22/2022 11:53 PM
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Re: The Federal Reserve has pulled the plug on the US and Global Debt Bubble - Global Planned Financial Tsunami Has Just Begun
A Tsunami...

The water goes out, there is a hush, and then, the wave moves in, fast and even at first, then overwhelmingly fast.

I'll be surprised if we make it through to July 4th.

By August, nobody will believe that we're making it to Christmas.
Anonymous Coward
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06/22/2022 11:54 PM
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Re: The Federal Reserve has pulled the plug on the US and Global Debt Bubble - Global Planned Financial Tsunami Has Just Begun
When?

Two weeks?
 Quoting: Anonymous Coward 79438848
Agent 99

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06/23/2022 12:00 AM

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Re: The Federal Reserve has pulled the plug on the US and Global Debt Bubble - Global Planned Financial Tsunami Has Just Begun
When?

Two weeks?
 Quoting: Anonymous Coward 79438848


Bloomburg Radio today said 1 week.
 Quoting: Agent 99


1 week for total collapse? 1 week for the start? 1 week for bank runs, food runs, gas runs?
1 week for what?
 Quoting: Anonymous Coward 83682758


Implementing the new plan.

When that happens the public reaction will be bank runs, gas runs, people jumping off buildings, stuff like that. Already the store shelves are empty again.

We've had 2 years to prepare, everyone should be up to speed by now. Was clear of this direction, it's no surprise. But the laggers will be all pissy and complain rather than take positive action.
DuckNCover

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06/23/2022 12:01 AM

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Re: The Federal Reserve has pulled the plug on the US and Global Debt Bubble - Global Planned Financial Tsunami Has Just Begun
It's simple. Debt is defaulted on. All of it.

We also have to get rid of SS payments, the VA payments, and so on. Covid did not succeed, so time for another killer pandemic that actually works.

Pity the naive and trusting retiree who will lose that big stash in the pension, the hedge fund, the money market. Bonds destroyed, stocks devastated.

Pity anybody without a good garden plot and a big stash of precious metals. God help us and have mercy.
 Quoting: Prayandprepare000


If they are going to get rid of Social Security, then they better have a massive payout to everyone that has worked and paid into Social Security. If they default, then heads will roll...
Anonymous Coward
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Chile
06/23/2022 12:02 AM
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Re: The Federal Reserve has pulled the plug on the US and Global Debt Bubble - Global Planned Financial Tsunami Has Just Begun
Raising interest sucks but, its the only way to reign in Inflation.

it doesn't mean they are collapsing the system
Anonymous Coward
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06/23/2022 12:03 AM
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Re: The Federal Reserve has pulled the plug on the US and Global Debt Bubble - Global Planned Financial Tsunami Has Just Begun
They should give everyone $2000 checks again. We can worry about this shit next year.
Anonymous Coward
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06/23/2022 12:04 AM
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Re: The Federal Reserve has pulled the plug on the US and Global Debt Bubble - Global Planned Financial Tsunami Has Just Begun
Things are going to get really bad really fast
 Quoting: not now


bsflag the rate hike is a drop in the buckets real interests rate are still negative, so thier hiking this little will only break things slightly, only the weakest zombies will be slain
Agent 99

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06/23/2022 12:04 AM

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Re: The Federal Reserve has pulled the plug on the US and Global Debt Bubble - Global Planned Financial Tsunami Has Just Begun
Things are going to get really bad really fast
 Quoting: not now


People can't afford 6.5% interest rates?

Wahhhhhhhh

Low interest rates raised the prices of homes.
 Quoting: Florida Man


Housing bubble pop. Was no surprise.

Open Door, Mark Spain, Zillow pumping up prices. Foreign investors buying up US property. Developers making low-income housing EVERYWHERE.

Indication of mass migration incoming, downsizing, having less children, burying the covid SADS.

I think I had an 8% interest rate in the 80's. No other choices, and then refinanced when it dropped. No biggie. Everyone can't be rich, we do the best we can.
Anonymous Coward
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06/23/2022 12:04 AM
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Re: The Federal Reserve has pulled the plug on the US and Global Debt Bubble - Global Planned Financial Tsunami Has Just Begun
It's simple. Debt is defaulted on. All of it.

We also have to get rid of SS payments, the VA payments, and so on. Covid did not succeed, so time for another killer pandemic that actually works.

Pity the naive and trusting retiree who will lose that big stash in the pension, the hedge fund, the money market. Bonds destroyed, stocks devastated.

Pity anybody without a good garden plot and a big stash of precious metals. God help us and have mercy.
 Quoting: Prayandprepare000


hesright
 Quoting: Anonymous Coward 56183872


In a default or deflationary depression cash is king PMs are not worth anything. Garden wont feed you considering the average human without working needs base weight * 12 = kcals per day...
 Quoting: Anonymous Coward 83725335


It's all about how much land you own.

I have 2 1/2 acres with tons of fruit, and about a 1/4 acre garden, 2 green houses, solar well, and over 1,500 gallons of water storage. What I don't have is labor to work it all, but that's easy to solve.
Agent 99

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06/23/2022 12:05 AM

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Re: The Federal Reserve has pulled the plug on the US and Global Debt Bubble - Global Planned Financial Tsunami Has Just Begun
They should give everyone $2000 checks again. We can worry about this shit next year.
 Quoting: Anonymous Coward 73854726


But but we just sent 800 billion to Ukraine.
Joburg

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06/23/2022 12:06 AM
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Re: The Federal Reserve has pulled the plug on the US and Global Debt Bubble - Global Planned Financial Tsunami Has Just Begun
Guess is that Revlon has died because of the mask mandate. Loss of lipstick sales.
DuckNCover

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06/23/2022 12:07 AM

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Re: The Federal Reserve has pulled the plug on the US and Global Debt Bubble - Global Planned Financial Tsunami Has Just Begun
It's simple. Debt is defaulted on. All of it.

We also have to get rid of SS payments, the VA payments, and so on. Covid did not succeed, so time for another killer pandemic that actually works.

Pity the naive and trusting retiree who will lose that big stash in the pension, the hedge fund, the money market. Bonds destroyed, stocks devastated.

Pity anybody without a good garden plot and a big stash of precious metals. God help us and have mercy.
 Quoting: Prayandprepare000


hesright
 Quoting: Anonymous Coward 56183872


In a default or deflationary depression cash is king PMs are not worth anything. Garden wont feed you considering the average human without working needs base weight * 12 = kcals per day...
 Quoting: Anonymous Coward 83725335


I hear ya, it's not just Stagflation. It's both inflation and deflation occurring at the same time. Inflation on goods, services, and utilities. Deflation on housing, wages, and big ticket items that people can't afford...
Anonymous Coward
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06/23/2022 12:08 AM
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Re: The Federal Reserve has pulled the plug on the US and Global Debt Bubble - Global Planned Financial Tsunami Has Just Begun
Raising interest sucks but, its the only way to reign in Inflation.

it doesn't mean they are collapsing the system
 Quoting: Anonymous Coward 82726585


It doesn't matter, the average American family of 4 won't be able to handle it, and the inflation isn't going anywhere.
Agent 99

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06/23/2022 12:09 AM

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Re: The Federal Reserve has pulled the plug on the US and Global Debt Bubble - Global Planned Financial Tsunami Has Just Begun
It's simple. Debt is defaulted on. All of it.

We also have to get rid of SS payments, the VA payments, and so on. Covid did not succeed, so time for another killer pandemic that actually works.

Pity the naive and trusting retiree who will lose that big stash in the pension, the hedge fund, the money market. Bonds destroyed, stocks devastated.

Pity anybody without a good garden plot and a big stash of precious metals. God help us and have mercy.
 Quoting: Prayandprepare000


:hesright
 Quoting: Anonymous Coward 56183872


In a default or deflationary depression cash is king PMs are not worth anything. Garden wont feed you considering the average human without working needs base weight * 12 = kcals per day...
 Quoting: Anonymous Coward 83725335


It's all about how much land you own.

I have 2 1/2 acres with tons of fruit, and about a 1/4 acre garden, 2 green houses, solar well, and over 1,500 gallons of water storage. What I don't have is labor to work it all, but that's easy to solve.
 Quoting: Anonymous Coward 73826914


Digital currency is being driven by International problems. In order to stop Islamic terrorism we have to do away with hand-to-hand cash transactions that have no paper-trail.

In these operations cash touches 10 different hands before there is any accounting. Can't stop terrorism if the criminals work faster than banks and governments.

As for the barter system and Soup Kitchens, yep, humans and the Silk Route will be around as long as mankind is. We find a way, the human experience.
bluemarble

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06/23/2022 12:09 AM
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Re: The Federal Reserve has pulled the plug on the US and Global Debt Bubble - Global Planned Financial Tsunami Has Just Begun
I called it a year ago no one believed me. I said the fed was going to kill the dollar and make a digital dollar
Anonymous Coward
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06/23/2022 12:09 AM
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Re: The Federal Reserve has pulled the plug on the US and Global Debt Bubble - Global Planned Financial Tsunami Has Just Begun
no its not


you are a idiot


a shill pushing and random fear you can


you are sick and low IQ


how many times can you shills post this retarded shit?


no shame here for the mods


sick


pathetic


enjoy being wrong again.


LOW IQ


banana2





GLP