Toto, I have a feeling we're not in Kansas anymore. Heck, we're not even on the map.
In case you haven't noticed, things are starting to get crazy out there. Not just economically (with another global contraction already well under way) or financially (with teetering European banks leading global stocks into volatile territory) or monetarily (with the global currency war reaching a rate-slashing crescendo) or geopolitically (with new Iranian/Iraqi/Russian cooperation in Syria throwing the NATO powers off balance), but even socially (with a sea change taking place in the American electorate, not to mention Europe, Latin America and elsewhere).
Let's take a look at three stories that show clearly that this craziness isn't just a bit of turbulence, but a sign that we're moving into a new paradigm altogether.
1) Negative interest rates
This week Sweden's Riksbank became the latest central bank to surprise people with a negative interest rate slash. But this time, they weren't going from a positive rate to a negative rate, but from a negative rate (-0.35%) to an EVEN MORE negative rate (-0.5%).
Welcome to the new normal, w...
Although Americans might have been sufficiently distracted this week not to have noticed, it seems a perfect storm of bad news is making its way around the world, almost like a giant whirlpool circling around a drain.
As viewers of my recent interview with Jon Rappaport will know by now, the number of cases of microcephaly, a severe neurological condition resulting in children born with abnormally small heads, in Brazil has been vastly over-reported.
So Wall Street wizards are now presiding over the Big Tech miracle that is single-handedly saving the economy... Hmmm, maybe the New Economy isn't so new after all...
A war on cash is being waged in every continent and every country by the same bank gangster or bankster that will benefit from it all. The are working towards a day when every transaction is completely trackable and controlled by banks.
Sadly for the people of the UK, HSBC's threats to move may just be a bargaining strategy they're using to wring yet more concessions out of the British government.
So if these are not the string-pullers and masters of the universe that the media loudly proclaims them to be, who are the string-pullers? The question is bound to provoke much meaningless debate and speculation about who is at the top of the pyramid...
...in the midst of this beginning-of-the-end of the 8 year long QE re-leveraging heroin binge we have news that seems to put a bow on the 2008 crisis: Goldman Sachs has announced that it has reached a $5.1 billion settlement as its wrist slap for participating in the subprime mortgage meltdown.
S&P 500 hits lowest level since Oct 2014, Pain was felt across the board. All 10 major S&P sectors were deep in the red and all 30 Dow components lost ground, U.S. economic data on Friday was also not very encouraging.
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The creator of the International Forecaster, Bob Chapman.