Awake-In-3D: "British Pound Hits All Time Low vs. USD"
Awake-in-3D : British Pound Hits All Time Low vs. USD!
GBP Flash-crash: Has anyone here on this Channel ever seen the British Pound Sterling ever valued at $1.05 in your lifetime?
Anyone who doesn’t think that the global financial system isn’t in complete, uncharted territory at this point has checked out of reality as we know it.
As the USD reaches stellar strength against the world’s top currencies (the DXY Index at 113 and rising), the central banks of the world are in utter chaos trying to manage all their USD denominated debt payments. It’s not pretty.
The Japanese Yen via the Bank of Japan is in a monumental struggle to stave off total collapse, which is also placing tremendous pressure on the Chinese Yuan to maintain its exchange rate.
Emerging Market currencies are in a death spiral that can only be resolved by a collapse in USD strength at this point.
Bandaids will be applied this week, but the outcome is anything but positive for the Great Global Fiat Currency Experiment coming to its logical conclusion.
October is shaping up to be a bloodbath for the global fiat system.
Factual Reference:
https://www.zerohedge.com/markets/pound-flash-crashes-500-pips-record-low-amid-global-fx-carnage
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