Response to email; What’s the chances of this whole thing blowing up?

The financial lives of the majority are already imploding

What do you think the chances are of this whole thing imploding up with defaults, and we get higher rates.

The article with Ben Bernanke was interesting. They picked the right guy for the manufactured crisis in 08. Made me think of Jerome Powell, what his role going to be with Trump. Trump is a master of bankruptcies.

I give an implosion from rising rates a one-in-six chance per year.

If I were placing bets; as of right now, I would give the likelihood of a financial market implosion from rising interest rates a one in six chance per year. That’s right; it’s not a high probability. Even if the markets imploded, that would just provide the central banks with all the excuses they would need to buy up everything that the scared sellers were dumping onto the marketplace.

If you think home prices are expensive now, just wait another few years after this upcoming round of QE gets going. Imagine how much more sovereign debt will be taking up space on the collective asset balance sheets. These low-yielding assets will need to be deployed as collateral, which will just continue to bid up prices. If the N.Y. Yankees are worth $4 billion now, I guess in another several years, they will be worth $6-7 billion. Nobody can import the Yankees from a low cost nation.

The whole system is centrally managed from stem to stern. This manufactured crisis talk provides the fertile ground to introduce new and novel concepts on the sleeping populace. Under such manipulated conditions, the dazed and confused debt-slaves will be more accepting of central bank asset accumulation and the jettisoning of national currencies in favor of centralized electronic assets like the Libra. As powerless bystanders, they will view it all as a fait accompli.

Chris Pirnak

Here is a typical article that spells out the sad state of owning owner-occupied real estate. This is why I always say to buy rental properties. All these costs offset your rental income. Your financial adviser will never tell you to directly buy investment properties, because he can’t manage that money and take a cut. He can’t control that money, so he will always recommend investing in REITs and buying a home to live in. Here’s a piece of advice; I rented my whole life until only a few years when I moved in with my wife. I deployed all that capital on rentals.

The reality of owner-occupied housing

If I bought an owner-occupied millstone, my financial life would have already imploded and I would have had to go back into the workforce and profess my love of this world to my employer. But I haven’t had to work since 2001, because I know how to game this system.

The conflict of interest that is rampant in the financial industry, whether it’s from the broker/dealer or the alt-financial shill with a subscriber service, will almost guarantee a debt-slave existence. To many who do not understand this system, their financial lives have already imploded. The ZeroHedge and alt-financial followers, along with the partisan fools, keep looking around for a financial implosion. The problem is that the financial system that they thought they knew has been imploding and transforming itself into the desired outcome for decades. Implosion? That ship has sailed.

Are cryptos the answer? Will Facebook ever use outside cryptos?

Notice the tried and true method the globalists are employing to get their agenda pushed through. If the elite’s media kept proclaiming Facebook’s virtues, more people would catch on to the new world order. So, by controlling its opposition, the illusion of free choice is maintained and the people never really catch on to how they are stuck in a closed system.

Facebook’s stock climbs a wall of manufactured opposition, while about 3 billion people use its set of apps. Despite the fines and fake political criticism, Facebook’s usage continues to grow. It’s too expensive to play this game and only Facebook can afford it. Hurry up and log in to your account; Facebook needs your clicks to pay for its fines and lobbying.

The manufactured Facebook opposition appears to be overwhelming, but that is just a diversion to fool its observers into thinking the regulatory authorities are looking out for its users.  The Libra will go through and become reality. It will, because it is the clear response to the manufactured dollar and national currency crisis. It has been ingeniously positioned to be the only viable alternative to the dollar hegemony.

IMF says electronic currencies are the real threat

In a paper published Monday titled “The Rise of Digital Money,” IMF authors Tobias Adrian and Tommaso Mancini-Griffoli said the two most common forms of money today, cash and bank deposits, will “face tough competition and could even be surpassed.” While banks are “unlikely to disappear,” they face growing threats from big tech companies and fintech start-ups, the paper said.

The research was published as central bankers and policymakers debate the role that tech companies and digital currencies will play in the banking and payments system.

Facebook’s announcement that it will launch Libra has been met with skepticism from many officials around the world. In congressional testimony last week, Federal Reserve Chairman Jerome Powell said Libra raises “serious concerns” around privacy, money laundering, consumer protection and financial stability.

Within this backdrop comes a warning to my readers; Facebook and the Libra system will never be allowed to use third-party cryptos like bitcoin and etherium, because in order for Libra to be approved, its infrastructure will have to operate within the confines of the current global hierarchy. By the time Libra gets approved in its final form, it will be fully sovereign debt-backed, while its blockchain will be fully centralized and regulated.

This is why the cryptos are really tanking; large investors realize that they may be on the losing end of the blockchain battle. It reminds me of the tech wreck in 2000. There were some excellent technologies, but most of the early entrants went the way of the buggy whip.

The whole system is centrally managed from stem to stern. This manufactured crisis talk provides the fertile ground to introduce new and novel concepts on the sleeping populace. Under such manipulated conditions, the dazed and confused debt-slaves will be more accepting of central bank asset accumulation and the jettisoning of national currencies in favor of centralized electronic assets like the Libra. As powerless bystanders, they will view it all as a fait accompli.

Knowing what will happen before it does will make our financial lives so much more manageable and successful, regardless of the market outcome. I am prepared for an implosion. We all should be; just not by how the alt-financial media recommend.