Financial Crisis Coming?

World Bank is putting out hints at a coming financial crisis.

Craig Hemke, with his no nonsense Midwestern style, offers a clear explanation about why central banks cannot allow interest rates to rise (too much public and private debt). For how long can interest rates be suppressed? (I don’t know!). Hemke suggests that continuing currency debasement make tangible assets such as gold and silver attractive.

I suspect they are nursing the existing financial system long enough to finishing building and implement the new digital currency system, which I think will be connected the unique digital health/vaccine wallets.

Pending Gates patent (patent application #060606 –do you think they are trolling Christians?) connecting digital currency system to bodily activity: I wonder if such a system could be used to reward/discourage desired activities such as vaccination or perhaps pregnancy.

Published by markskidmore

Mark Skidmore is Professor of Economics at Michigan State University where he holds the Morris Chair in State and Local Government Finance and Policy. His research focuses on topics in public finance, regional economics, and the economics of natural disasters. Mark created the Lighthouse Economics website and blog to share economic research and information relevant for navigating tumultuous times.

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