milesfranklin.com / by / Jun 20, 2017
Today’s article is one of my scariest yet; as, after watching events unfold in the world’s most notorious geopolitical hotspot in recent weeks, it’s difficult to come up, using my best Spock-like logic, with an alternative conclusion to the potentially catastrophic one I’ll discuss today. Which, if it occurs, may catalyze not only the financial “big one” we all know is coming, but an era of political, geopolitical, economic, and monetary destabilization unlike; and potentially, unparalleled in its destructive value; anything yet witnessed.
That said, as serious as this topic is, I’d be remiss if I didn’t update you on the incredible depth of PiMBEEB headlines from the past 24 hours; starting with the epically disingenuous comments from New York Fed President – and former Goldman Sachs Chief Economist – Bill Dudley; validating, in spades, the theme of last week’s “unfathomably bald-faced lies depict a Fed desperate to promulgate a dead meme.”
To that end, said Keynesian Keystone Kriminal had the gall to say “the flattening yield curve is not a negative signal for the U.S. economy”; when, aside from the fact that anyone with a half a brain knows we’re in a recession now, inverted yield curves have perfectly predicted every U.S. recession for at least the past four decades. Not to mention, the fact that yield curves worldwide have simultaneously inverted – including in China, despite its 6.5% “growth rate.” Which, I might add, is the lowest “growth” China has reported in the 30 years it has published such blatantly fraudulent economic data.
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