Common Stock Warrants

How the Global Financial System Could Shut Down, According To Jim Rickards

Common Stock Warrants, Dudley's Reports, Jim Rickards, News-Blog, The Street /

DANIELA CAMBONE  MAR 19, 2020 We are potentially entering an “Ice-9” situation where the entire world may “freeze” over economically, said Jim Rickards, best-selling author of “The Road to Ruin” and “Aftermath: Seven Secrets of Wealth Preservation in the Coming Chaos.” Rickards is using a metaphor, alluding to a Kurt Vonnegut book, “Cat’s Cradle.” In the book, a vial of “Ice-9”, a liquid that has a freezing point of room temperature, leaks into the streams and rivers and turns all water into ice, effectively covering the planet in an ice age and wipes out all life. Something similar may be underway, financially, when markets halt trading activity, he said. “If you shut down the New York stock exchange, and I can’t sell stocks and get cash, I’m going to sell my money market funds or redeem my money market funds. Then you’ve got to shut down the money market funds industry, and then people say ‘ok, I’ll go to the banks or the ATMs,’” he said. “And then you’ve got to shut down the banks so the point is, it spreads from exchange to money markets, to brokerage accounts, to banks, and you end up shutting down the entire system.” At the end of an Ice-9 scenario, the entire global financial system shuts down, and any Federal Reserve intervention may no longer be effective. Rickards noted that contrary to conventional economic thinking, now is not a bad time to own gold. “People say that gold does well in inflation, and … Continue reading →

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Stop the Bailout Rip-Off – Kerry Lutz

Common Stock Warrants, Dudley's Reports, Financial Survival Network, Kerry Lutz, News-Blog /

  by Kerry Lutz Financial Survival Network Dear Readers, As usual, the American Taxpayer is getting the short end of the bail-out stick. Since we’re already running trillion-plus deficits, the taxpayer won’t be directly picking up the tab for the latest round of corporate welfare transfer payments. Rather currency holders, savers, bond holders and society will at the cost of seeing their assets debased by inflation. And for what? Flashback to 2008, when the nation’s banks and investment houses were caught flat-footed by the mortgage meltdown, a crisis of their own making. They were given trillions in cash with virtually no strings attached. Large portions of the bailout went towards these unworthy titans to finance bonuses. The very same scam is happening yet again. This time the Congress intends buy middle class votes and acquiescence to this fraud by doling out $1200 or more per person. They’ve learned their lessons from the universal outrage at the 2008 financial crisis and resulting bailout. Wall Street got its rescue package and the middle class was left to twist in the breeze. Worst of all, none of the banksters ever had to account for their malfeasance. They kept their jobs and their escalating bonuses and the public be damned. Unfortunately for Congress, this pittance or crumbs as Nancy Pelosi would call it, is not nearly enough. We estimate that they will wind up giving at least $3500 each in an effort to buy us off. Boeing, among many other companies and industries, is … Continue reading →

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