A major change in the economy has been unfolding for several years. It is reaching a financial crisis that will no longer be unnoticed by most. It is possible that social chaos could result.
The Greek and European debt crisis has come to a head, as well as the one in Puerto Rico. The bond market is failing. With interest on bonds so low that some rates are negative, as interest rates now rise to draw investors, the older bonds are falling in value. The stock market may fall with bonds as the ridiculous derivatives market crashes. Very few people have a full time job with benefits and enough pay to meet living expenses and service their debt.
Inflation has been in gear in needed items like food, health care and utilities. Even though crude oil prices fell earlier this year, they have risen back somewhat, and gasoline prices are close to $3 again. Meanwhile the “petrodollar” is being abandoned in the world oil markets. Will the dollar fall? Will gold and silver skyrocket? What about real estate? Will currencies be reset, perhaps even backed by assets?
Is this an engineered collapse to set up a world economic governance via trade agreements and international institutions? It is wise to be better prepared for the changes in progress.
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