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Napanee, Ontario | hahaha your comment of John Burn's sign off reminded me of a post I made 6 weeks ago on the oil board:
"Re: Requesting Feedback—- my opinion, you asked for it
Ok....
IMO you’re witnessing the beginning of the monetary system imploding
INFLATION printed a 5.4% reading for May... the highest in 30 years. 10 year bonds are at 1.294%... which means you’re losing 4% on every $$ in treasuries.
That’s on TRILLIONS.
It’s a massive market.
People are soon gonna find out the risk-free rate is not necessarily risk free. Quite the opposite in fact. The RISK FREE rate underpins how EVERYTHING in our financial system is valued.
Last week was a preview of just how bad things are gonna get with this...
No one knows what to expect because the FED has NEVER been unable to raise rates to fight inflation before. But after printing TRILLIONS and US govt debt being at $29 Trillion, the FED has boxed itself in. Printing anymore money to ‘fix’ things will just make inflation worse. That ships sailed. It’s like trying to un-pop a balloon. You’d prolly have better luck at that sadly....
This is gonna get REALLY bad
(I feel like I’m starting to wear that line out)"
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Warren Buffett - The Incoming 90% Stock Market Collapse?!?
