15.1 C
Auckland
Saturday, May 18, 2024

Popular Now

Watch: Warning of a banking system ‘Black Swan Event’

Australian financial commentator Michael Cowan discusses the possiblility of a banking system ‘Black Swan Event’ following confirmation of a planned simulation arranged by some of the world’s largest banks.

  • Major US banks to participate in a ‘climate scenario’ exercise.
  • Central banks around the world are starting to panic as they know this current economic model’s days are numbered, and the ‘whole monetary system’ is coming to an end.
  • Central banks are trying to create a new financial system.
  • ‘When you see all these massive institutions doing these exercises, it’s only a matter of time before we’re going to see a massive Black Swan Event.
  • Bank of England recently had to intervene in the bond market because pension funds are too highly leveraged with debt – they were about to get liquidated and margin-called, which is why the Bank of England had to step in.
  • Inflation continues to rise to unprecedented levels.

Promoted Content

No login required to comment. Name, email and web site fields are optional. Please keep comments respectful, civil and constructive. Moderation times can vary from a few minutes to a few hours. Comments may also be scanned periodically by Artificial Intelligence to eliminate trolls and spam.

4 COMMENTS

  1. Chinese banks are heavily reducing the dollar reserves and buying Yuan at the moment in order to stop its devaluation. Fed interest rate hike is intended to pass on the inflation from US to elsewhere. Given that UK/EU/Canada/AU and NZ are keeping low interest rate below inflation, the currencies are now very down and so the imports become expensive and hence the inflation gets passed on. When interest rates are raised in the coming years, Fed will change the game. Big investment bankers in wall st, borrow from Fed and play in the share/bond market. They wont borrow when the market is not favourable to them. By manipulating money supply, theiving goes on and we dont know for how long. If the demand for USD goes down, it does not matter what fed does. Only the collective west will eventually tie themselves to USD and others will hold only a minimum.

  2. Michael runs a good commentary
    A bit different to what we are being fed in NZ
    That NZ has escaped a recession
    Yes that is probably true
    Because we are headed for a depression
    The sheeple in NZ are treated as mushrooms
    Kept in the dark
    And fed up with BS

  3. See the YouTube video by Snordster titled ‘The Black Swan is On the Wing’. and ‘Dollar Dead’…!

    “When the dollar goes south, the violence turns east!”

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest

Trending

Sport

Daily Life

Opinion

Wellington
few clouds
12.3 ° C
13.4 °
11 °
82 %
6.7kmh
20 %
Sat
13 °
Sun
13 °
Mon
13 °
Tue
14 °
Wed
12 °
-- Free Ads --spot_img