Latest / The Slippery Slope / Money drain: Fears are rising that the global financial system will seize up

Transcript

Money drain: Fears are rising that the global financial system will seize up · The Slippery Slope

• 0:04
  Hi. I'm Jay felon, and thank you for
• 0:06
  listening to the slippery slope please.
• 0:08
  If you're listening to this on Spotify or apple podcast or
• 0:11
  whatever, please like and share, if you don't mind also, you can
• 0:15
  go and read read the articles, read the things that are put up.
• 0:19
  If you prefer to read and not listen to my voice, you can go
• 0:23
  and read the things that are talked about, on our sub, stack
• 0:27
  site on WordPress or or buy me a coffee.
• 0:31
  So you can read the things that are talking about.
• 0:33
  You don't have to listen to my voice if you don't want to, but
• 0:37
  heck, why wouldn't you want to please?
• 0:39
  No, I'm joking. Listen, I think we are on the
• 0:44
  verge of a major Financial meltdown.
• 0:49
  Now, this has been my opinion for a while.
• 0:51
  I have spoken about how I think all the signs are there for
• 0:56
  China for China, having a financial Meltdown.
• 1:00
  You can see even though they try and hide just how bad things are
• 1:04
  going financially in China, you can see that.
• 1:07
  Obviously, there's some things they cannot, they cannot hide.
• 1:10
  You can see with their construction industry,
• 1:14
  absolutely collapsing, falling apart at the moment.
• 1:18
  You can see that they obviously having some problems, they're
• 1:21
  trying to literally just put Band-Aids over deep wounds that
• 1:26
  need fixing but they can't really I hide the truth.
• 1:30
  However, I think the whole Global Financial system is a is
• 1:34
  on the verge of collapsing. And this very interesting
• 1:37
  article came out, just today comes from the Sydney Morning
• 1:41
  Herald. The headline says, money drain,
• 1:44
  fears are rising that the Global Financial system will seize up
• 1:50
  now, and also look at another interesting thing before I start
• 1:53
  reading this article is this article is talking about some of
• 1:56
  the problems that people are seeing and it's It's saying,
• 2:00
  hey, these are the problems. And we believe this is where
• 2:03
  could its questioning is this where the financial system in
• 2:07
  the world is going and why I find this interesting is because
• 2:12
  here in Australia, we had, we had Financial gurus experts.
• 2:17
  Have you want to say it? That was standing up and saying,
• 2:20
  hey Australia is heading for some some Financial pain.
• 2:25
  If we don't get our inflation under check, if we don't start
• 2:28
  raising the interest, Rate something needs to happen and
• 2:32
  they will warning The Reserve Bank here in Australia The
• 2:35
  Reserve Bank in all their wisdom decided to keep telling us.
• 2:39
  No there's no problem, we've got it all under control, we're not
• 2:42
  going to have to raise interest rates for years for several
• 2:45
  years to come. I think they were talking about
• 2:47
  20 24. I think is when they were
• 2:49
  talking about raising interest rates and obviously they had it
• 2:53
  very wrong even though like, you know, absolutely everyone
• 2:58
  flipping ten-year-old you'd see. That something was going to be
• 3:01
  that something was wrong and that interest rates needed to be
• 3:04
  raised. And finally, finally The Reserve
• 3:08
  Bank has realized. But why I'm saying this is
• 3:12
  because it seems like the so-called experts the people in
• 3:16
  charge of the the reserve bank's and in charge of the Global
• 3:21
  Financial system cannot make astute decision.
• 3:25
  They cannot make any wise decisions.
• 3:28
  They constantly seem to make Bad decisions and sometimes you
• 3:31
  wonder whether they're doing it on purpose.
• 3:33
  So I think I did do an article maybe last year.
• 3:36
  It seemed like, finally, it seemed like the government's
• 3:39
  some governments around the world of making decisions and
• 3:42
  you have to sit there and wonder I sit there and scratch my head
• 3:45
  going. Are they doing this on purpose
• 3:47
  that they purposely trying to crash Financial system in their
• 3:51
  in their Nations? And that's what it seems like
• 3:54
  with this article here. There's obviously some problems.
• 3:57
  I'll read through the article. It says when the bank Of England
• 4:01
  was forced to intervene in the UK bond market last month.
• 4:05
  In order to avert a foreign exchange and bond market crisis.
• 4:10
  It could have been seen as an event unique to the UK.
• 4:14
  Could it have been, however, a symptom of a wider problem, and
• 4:19
  a foretaste of future crisis to come?
• 4:23
  So I think it is. And he goes on says, the unique
• 4:26
  features of the bank of England's decision to perform a
• 4:30
  policy about turn and announced that instead of selling the
• 4:34
  horde of bonds, it had acquired during the pandemic to keep UK
• 4:39
  the United Kingdom, interest rates low and bond market
• 4:42
  liquidity High, it would start find them was that it was in
• 4:48
  response to a UK government announcement of a massive tax
• 4:53
  cuts and spending program that announcement cause long-term
• 4:58
  Bond rates to In the pound to plummet, there was an immediate
• 5:03
  solvency crisis in the UK pension fund sector where the
• 5:07
  use of Leverage derivative strategies to cover.
• 5:11
  The long-term liabilities in defined benefit fund, saw the
• 5:16
  funds dumping their bonds to meet collateral requirements.
• 5:20
  It was like a massive Margin Call.
• 5:23
  So the action taken by the bank of England and some backtracking
• 5:27
  by the now trust government On the proposed tax cuts has
• 5:31
  settled the market. Although UK bond yields remain
• 5:34
  high, the markets convulsions. However, highlighted their
• 5:39
  fragility and vulnerability, that's not an issue combined
• 5:44
  confined to the UK. Participants in bond markets
• 5:48
  from the u.s. to Australia are complaining about the volatility
• 5:52
  and in dearth of liquidity, in their markets that has developed
• 5:58
  as developed economies, Central banks have begun raising
• 6:02
  interest rates and backing out of the quantitative easing
• 6:06
  programs. They implemented in response to
• 6:09
  the pandemic, which I've got to say.
• 6:12
  I did not agree at all with this quantitative easing, that
• 6:16
  Australia had implemented during the pandemic.
• 6:19
  Do not rely on governments. Do not rely on these policy
• 6:23
  makers to to see it coming a key question given that the US
• 6:28
  Treasury has to Continually tap, the market as it rolls over or
• 6:33
  raises new debt is who will replace the reduced demand from
• 6:38
  the fed and foreign governments. And this is because other
• 6:42
  governments like China Japan and the end of the government's they
• 6:46
  have stopped buying. Stop buying all begun selling,
• 6:50
  some of their Holdings in response to the rapid rise in
• 6:54
  yields and constant and consequent losses on the market
• 6:58
  value of US. It's a governments are also
• 7:01
  selling US dollar assets. Generally treasuries to try to
• 7:06
  limit the extent to which their currencies, appreciate and
• 7:10
  import inflation, and instability, in the face of a
• 7:13
  major appreciation of the u.s. dollars.
• 7:17
  So another question is, whether the volatility and diminished
• 7:21
  liquidity in the market might lead to the kind of unexpected
• 7:25
  Financial systems events? Seen in March 20 T or in the UK
• 7:31
  last month. So, a factor in the volatility
• 7:34
  of a traditionally. Low volatility Market is the
• 7:37
  post-2008 reforms to bank capital and liquidity, that have
• 7:42
  diminished the role Banks and investment Banks.
• 7:46
  Now play as dealers charged with the responsibility creating an
• 7:50
  orderly market. So go to the end of the article.
• 7:53
  It says, the volatility in global Bond Equity, currency and
• 7:58
  property markets. Could Trigger or be triggering
• 8:02
  margin calls that flow back to the bond markets.
• 8:06
  The liquidity issues in bond markets that Traders are
• 8:10
  complaining about and the demonstration provided by the UK
• 8:14
  experience point to markets and financial systems that are
• 8:18
  fragile and vulnerable, then the fed and other central banks.
• 8:24
  Aspirations for a smooth reversal, from quantitative,
• 8:28
  easing to quantitative. Of tightening to combat raging
• 8:32
  inflation rates, may not as the bank of England, discovered.
• 8:37
  So brutally this may not be as easy to execute as hoped or
• 8:43
  playing. Friends.
• 8:46
  As I said, I do not believe this is going to go smoothly.
• 8:49
  I believe we are heading for a major Financial system meltdown,
• 8:55
  possibly seized up, I believe this relates to what the Bible
• 8:58
  says, how things will happen in the end times because globalists
• 9:03
  want to move out of the current Financial system where each
• 9:07
  Nation its own currency and they want to move into a Global
• 9:12
  Currency. And the way the only way to Do
• 9:15
  this is for the financial system to collapse, people like the
• 9:20
  shadowy figures, like the ones at the world, economic Forum,
• 9:24
  looking or even pushing for the Global Financial system to seize
• 9:28
  up because then it will give them the excuse to implement a
• 9:33
  Global Financial system or a Global Currency.
• 9:37
  This will bring greater control. By governments by the powers
• 9:43
  that be why people like Klaus Schwab and his little minions of
• 9:49
  global leaders. I believe that's where we're
• 9:52
  heading. Let me know what you think and I
• 9:56
  just got it all wrong or do you think maybe this is right?
• 10:00
  We're heading for a financial meltdown Global seized up.
• 10:05
  That's my opinion. Thank you for listening to the
• 10:07
  slippery slope.