These days, the masters of the global economy are like a basketball coach whose team is behind by 20 points, it’s only the third quarter, and all of his starters have fouled out. He has a very short bench. He has very few options left. Time is running out, his team is losing big–and the game is far from over.
With stock markets in a swoon that shows no signs of stopping, many economies slowing, and “recession” talk growing even in our country, the world’s financial puppet masters have few strings to pull anymore. Man’s debt-money system is teetering on the brink of the collapse we have been predicting for years, and the kings of that world have run out of props for it.
That’s why gold prices have shot up to their highest levels since last May, with spot prices surging more than 2 percent on Thursday alone, to more than $1,218 an ounce. And on the flip side, reflecting investors’ dwindling confidence in the global debt-money edifice, the U.S. Dow Jones Industrial Average of stocks was down by nearly 15 percent from its all-time high last May.
The world’s central bankers these days kind of feel like establishment Republican presidential candidates facing Donald Trump: What can they possibly do to try to slow down a juggernaut?
In this case, their enemy is the growing nervousness of global financiers and corporate chieftains, and the worldwide economic slowdown that is gaining acceleration in part because of those jitters.
Just take a look at what one CEO had to say this week, in a business that doesn’t have much to do with snacks. Just a few days after a Super Bowl TV audience of 110 million people, and an estimated 43 million Super Bowl-watching parties, amounted to the biggest day of snack purchases of the year, the boss of Pepsi and Frito-Lay was fretting about all the bad news.
“Over my several decades in business,” said Indra Nooyi, head of PepsiCo, which owns Frito-Lay and Pepsi brands, “I have never seen this combination of sustained headwinds in most economies, combined with high volatility across global financial markets.”
And the futility felt by governments in the face of coming disaster was reflected this week in one huge, bold and scary move: The Swedish central bank lowered its short-term rate to minus 0.50 percent from minus 0.35 percent, taking the country even further in the frightening direction of negative interest rates.
Sweden’s move was intended to counter the dual threat of deflation and an appreciating currency, which poses a threat to the country’s export-driven economy. But looked at broadly, it was another really bad omen for the entire global financial system.
So, as we’ve been warning even since the 2008 collapse of the global economy, what’s coming next is going to be even worse. And now it’s happening.
If you haven’t already, it’s time to turn to the only safe place you can these days, in financial terms: Invest in God’s Money, gold and silver coins that represent a storehouse of value with God himself established at the beginning of the world.
For information about how to invest in gold and silver and protect your household financially in these unsettling times, contact us at firstname.lastname@example.org or 866-966-0177.