If ATMs, banks and markets close, or if hyperinflation makes the fiat, Federal Reserve note completely worthless overnight, none of these goods will be exchangeable for the money you have sitting in the bank, or on a credit card.

CorzineThere are a heck of a lot a bubbles in the global financial system (…and many areas in the private sector, sovereign, etc.).  Add to the potential mix what I call “hyper-hypothecation” and derivatives overhang and we’ve reached a level where systemic risk has never been higher.

fire“HUGE problems on the currency front”
In the 2nd part on this interview with Finance and Liberty, Jim Willie breaks down the global financial crisis… that looks to be just getting warmed up. 

hyperinflation
When the debt bubble collapses there is a real possibility that millions of people will die because those goods essential to survival will simply be unattainable for the masses.

FedThe next financial crisis could manifest itself in the coming months.
When something as epochal as this happens, we can expect the macroeconomic establishment to be clueless with respect to the problem itself and its scale.
Central banks will naturally revert to the Lehman remedy of further monetary expansion to cover the losses, whose enormous scale will not be apparent at the outset. This time, not only will the fiat money quantity accelerate into hyper-drive, it will be impossible to maintain the purchasing-power of the world’s reserve currency, therefore threatening that of all the others.

dollar

Something BIG, UGLY, and NASTY this way comes…

 

Play

economic dollar collapseWith Gold and Silver Smashed Below Their Respective 200 Day Moving Averages On the Heels of the FOMC Statement, Alasdair Macleod Joins the Show to Discuss All the Action: 

  • Metals SMASHED- Are Gold and Silver Headed to NEW LOWS?
  • Would An Interest Rate Hike By the Fed Ignite the Next BULL Market in Gold & Silver? 
  • We Already Have HYPERINFLATION! (of the fiat currency quantity- & We’ll Have Currency Collapse Within 2-3 Years!)
  • Can the Banks Talk Gold Down to $900?
  • Alasdair is Ready for the Collapse: Lets Get On With It!

The SD Weekly Metals & Markets With The Doc, Eric Dubin, and Alasdair Macleod is Below: