Economist’s “News and Views” Saturday 7-13-2024
Financial Blow Up: Little Time Left Before Wheels Come Off System Warns David Morgan
Daniela Cambone: 7-12-2024
"So now all they want is control, saying, 'I own you because you have to pay me interest. And when you can't pay interest, what happens? They take over the property,'" warns David Morgan, founder of The Morgan Report.
He emphasizes that we don’t have much time left to address these issues. However, he expresses his optimism about the silver market. "Silver's not at an all-time high, but it's at an 11-year high or close to it," says Morgan.
He explains to Daniela Cambone that strong monetary demand for silver, combined with steady or increasing industrial demand, could lead to a situation where both forces compete for the same supply, potentially driving prices higher.
"Around 60% of the silver market is driven by industrial demand, especially in areas like solar energy and electric vehicles.
As currency wars and financial instability continue, the monetary demand for silver could increase significantly."
BRICS Launched Intra-bank Payment System, Crashing USD & SWIFT System!
We Love Africa: 7-12-2024
Has BRICS accidentally ended dollar dominance? BRICS has launched an intra-bank payment system, posing a significant challenge to the supremacy of the US dollar.
This development could lead to a decline from which the dollar may not recover. However, this shift is not unexpected; BRICS has been working for years to achieve this goal.
As the dollar's decline becomes more imminent and its value continues to drop, one must ask: Does the United States have any plans to revive its currency?
More importantly, is it even possible for the US to revive the dollar at this stage, even if it wants to? Let’s find out.
JPMorgan, Bank Of America & Citigroup Are in Big Trouble
Atlantis Report: 7-13-2024
The 2008 financial crisis significantly impacted the global economy, revealing vulnerabilities in the banking sector and leading to government intervention.
The collapse of Lehman Brothers and subsequent bailouts highlighted the need for strong regulatory frameworks to prevent similar crises.
In response, major banks were required to create "living wills."
These living wills ensure that even the largest banks can be dismantled in an orderly manner, reducing risks to the broader economy. However, recent reports from the Fed and the FDIC have raised concerns about the adequacy of these plans for three major American banks. JPMorgan, Bank Of America & Citigroup Are in Big Trouble