It's no secret that the biggest stock market crashes happened in the month of October, such as the 1987 and 1929 crashes. End of fiscal year is September 30. Companies release their final quarter and full year results during the weeks of October, hence why there's always a lot of hoopla around the month of October when it comes to investors.
Very recently, I listened in on some great interviews featuring three credible sources and they've all said something similar. The FED will continue to raise rates, even if it crashes the banks, in order to save the U.S. dollar and its hegemony over the world. There won't be any bailouts but by the sound of it, there will definitely be bail-ins. It's already happened once before, in Cyprus back in 2014 when those banks helped themselves to 57% of any accounts with more than $100,000. The Russians weren't happy about that since most wealthy depositors in Cypriot banks were Russians.
As interest rates continue to rise, expect real estate to suffer. Mortgage applications have already begun to drop (14%) as a result of higher rates. Just a couple weeks ago, the U.K. pension system came within hours of total collapse which forced the Bank of England to backtrack, stop Quantitative Tightening which was only in operation for about 5 days, reverse course and restart Quantitative Easing. In other words, the central bank had to bail out the pension funds! That's how serious and precarious the situation is.
In Greg Hunter's latest interview with Bill Holter at usawatchdog.com, Holter explains that the derivatives bubble is about to burst and we may be weeks away from a serious crash of epic proportions, 2 Quadrillion dollars of epic meltdown, while the world has 350 trillion dollars of credit! He also says we are in a recession now, something I agree with. He states, "The real economy runs on credit. Once credit freezes up, it's game over. They have to pull the plug because, mathematically, the debt cannot be paid". Holter also mentions that going forward, our wealth will be measures in ounces, not dollars, pounds, yen or euros. Silver and gold are about to go mainstream again.
Before that, Greg Hunter interviewed Catharine Austin Fitts last weekend and she has stated the FED will defend the dollar no matter what it takes. She says, “We are either in a major correction or we are going to go into a bear market and a lot of it depends on many different politics. It looks like to me they have decided that all the BIS (Bank of International Settlements) members need to be in the dollar channel. They are doing everything they can to collapse the market share of the euro and then move that into the dollar syndicate. I think they have to keep driving the dollar up. The U.S dollar index is up to 113, and at one point, it was at 114. One analyst said it was going to 120" (At present, the USD Index sits at 112.6).
Mike Adams recently interviewed Aaron Brickman where they discuss the Fourth Turning and the rise and fall of civilizations. Brickman says The Fed is absolutely determined to break the financial markets no matter what and to prepare for massive, historic and sudden shifts of finance, politics, technology and more. He also says the collapse is a necessary step for humanity to get back to reality.
Clif High's latest upload pretty much sums it up as well. The banks are about to crash and it's a good idea to pull cash out. In fact, he's been prepping his followers for a few months that this event is coming. He says to get the things you need now as it may not be readily available in the foreseeable future. Need a new coffee maker or microwave oven? Go buy it now. Need brake parts or a new alternator for your car, get it fixed now. Don't wait any longer.
It may take years for us to get back on our feet but like Aaron Brickman, High also suggests these changes are necessary for mankind to move forward. High also explains that only through trial an error can we really progress and grow as a species and the events unfolding in front of us should be seen as a lesson and learning experience, no matter how hard things might get.
From what I'm gathering, the consensus is that something huge (biblical? / epic?) is about to unfold. It will be global and will affect all of us, no matter where we are. Bix Weir released a video two days ago urging his followers to start growing their own food. In the introduction notes, he states, "You need to be able to FEED YOURSELF GOING FORWARD!!" That's a very dramatic statement.
This summer, I went all out and started growing my own food like never before. I just finished covering my garden beds with plastic sheets to protect my plants over the winter season. There are many plants that can survive low temperatures, my favorite being kale. I've got carrots, peppers, tomatoes, celery, turnips and parsnips as well as garlic and onions. I've also stocked up on canned and dry goods as well as extra water jugs.
We can never know for sure what lies ahead of us but we can pick up hints here and there that help guide us. The interviews / videos noted above are full of hints. I suggest you take heed and start preparing today as it seems we are quickly running out of time. Stock up, get the things you need. If things need replacing, do it as soon as possible.
On another note, I just caught wind that Liz Truss has resigned as British Prime Minister after just 6 weeks in office (That didn't last long!). Politically, England is beginning to resemble Italy, which has had 62 governments in 63 years. Pathetic....
Check out some of my other posts...
This payment processor is no longer My Pal!
Canadian dollar steady while Yen, Pound Hammered.
What a week! Central banks continue to raise rates.
Getting ready for the coming cold, cold winter.
Getting ready for the coming food shortage.
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