The British Pound Sterling currency has plunged 500 pips to a record low value of $1.03 in absolute carnage of Foreign Exchange Reserves.
Here's the full chart showing the smash:
The beginning of the end is finally here . . . The GBP is down 23% YTD, worse than most 3rd world currencies.
GBP/USD is sitting right at support levels from 1984.
Strangely, all of a sudden, it is starting to make sense that the Pope ordered all Vatican entitites to move all their funds to the Vatican Bank by September 30 - and most of them have already done so. (Story Here)
BULLETIN: The Chicago Mercantile Exchange (CME) has HALTED trading in GBP futures ! ! ! !
UPDATE 8:10 AM EDT --
It's happening everywhere, Bond prices are cratering, currencies are cratering . . .
BREAKING: Moscow Stock Exchange drops 9.2%
In London, the Financial TImes Stock Exchange (FTSE 100) just hit 6962 (…going down!) On Dec 30 1999 the FTSE hit an intra-day high of 6950 (…going up!!) …are we all set to be like it’s 1999 again?
UPDATE 8:20 AM EDT --
CANADIAN DOLLAR IN FREEFALL
Speculation CAD will drop below 60 cents this week.
A historic low.
Global currency in total freefall.
"No one can serve two masters, for either he will hate the one and love the other, or he will be devoted to the one and despise the other. You cannot serve God and money."
Matthew 6:24. ESV
Which is the biggest fiat currency of them all.
What is it worth now in 1913 precious metal-backed dollars? 3¢? 2¢? 1¢? 0¢??
It's all an illusion.
It means it's time to buy!
Wilkerson was the real deal.
God through Wilkerson.
Mexico and have a full course
(as in excellent) meal for penny's. Seriously.
4-5 bucks American bought a 25 dollar meal in
Mexico. Pesos worthless.
It's mean and probably stupid but if the
Canadian dollar flopped maybe it would
drive out its current dictator?
Rosh HaShanah began last night, ends Tuesday night.
The Bond market fell off a cliff with No Time To Die... *rimshot*
The writing's on the wall.
We are watching history unfold before our eyes.
How to get out of this mess? What got the US out of the Great Depression?
The only difference is that this time the draftees won't be young men toughened by a decade of hard times, but limp-wristed soy boys in skinny jeans topped by "man" buns.
But that won't matter once the nukes start flying.
Yes, everybody, we are going to burn.
I used to have some of David Wilkerson's books and recall that he was predicting dire financial times ahead. It appears that things were delayed, but delayed does not mean it won't happen.
The chastisement for Nineveh that Jonah was to deliver was delayed by one hundred years since the king rent his clothes and repented along with the whole city.
Reading the books on Bible Codes a while back, the word delayed appeared many times in the codes for different events (IMO disasters). IMO, God is not in a rush for people to perish, but would prefer that they repent and change. We can hope that the reversal of Roe v Wade will help God to further delay chastisements or at least some of them.
All of this war stuff going on and the uptick in large earthquakes. Yes, get right with God through Jesus.
No, they just looked after themselves and fooled everyone else with the illusion.
I bought 5 units. 1 for the house, 1 for my camper, 2 for my Dodge trucks, 1 for the car.
All installed and hopefully never needed.
SQ mentioned the false-flag nuke drop on NYC. They've really been hyping the "what to do if nuked" ads up there.
But like democracy true communism does not exist.
They still won't let their purebloods leave the country. I'd stay away from Canada for now.
Too cold this time of year. Why don't we all rendezvous somewhere warm, cosy, tropical?
God help us all.
Texas has been in the 90s. Y'all are all welcome here.
"Ukrainian Territories To Be Absorbed Into Russia By Week's End: Lawmaker"
"Taking into account the preliminary results of the referendums and Russia’s readiness to acknowledge them, the accession of the territories is likely to take place as early as on September 30," the unnamed member of Russia’s State Duma said to TASS."
"Given that on Saturday Foreign Minister Sergey Lavrov vowed new territories would be under Russia’s "full protection" - there is more than likely to be a major uptick in the intensity of fighting to follow the referenda results announcement in eastern Ukraine."
Maybe it's what they call the dead cat bounce...
I think you mean well when you express your concern for Mr. Turner's wife, Mrs. Turner, however, it comes off a bit cold when you suggest she needs to repent of her sins and get right with God, for whom among us doesn't?
Think about whom you're referring to - an angel who has been to Hell and Back to, no matter what, stand tall beside her husband through some serious drek. This ex-fine nation now so nefarious, corrupt and evil tossed Mr. Turner in federal prison for Years, for crimes he didn't commit. Expressing his opinions, a constitutional right here.
After several financially and emotionally debilitating trials, where Mr. Turner was finally found guilty of 'their' crimes, he was convicted, sent to federal prison with some of the worst of the worst, and his life, career, world and finances destroyed.
The true hero of any decent man is always the amazing, powerful woman behind him, if, in fact, there is one. After 31 years of marriage, the Turners have somehow endured one of the greatest Hit jobs of our once fine nation, they remain resolute in their fight for freedom, liberty, justice and the American way.
Let's not forget Mr. Turner already had a serious job as an actual Guardian of the Galaxy, for he has protected and served this country, and likely others, for a long long time. Only to be thrown headlong under a bus by us all, for we allowed this to happen.
So as far as her own personal relationship with God, that is a personal thing which each of us needs to get right. For anyone to suggest she is less than a most amazing, enduring and wholesome person comes off as offensive. For, if you knew American women for the most part, most of them would have taken everything and cut out. Fast.
Instead, she has stuck by her guy, who has in turn stuck by all of us, for the interest of the greater good, and, possibly, at a cost yet to be realized. That's pretty darned huge if you ask me.
I suggest we use this moment to Thank, Bless, Support, Love and Respect both Mrs. Turner and her amazing, courageous family.
Thank you, Dear Lord, for putting us all front and center of some of the finest Americans we've ever witnessed, The Turner Family. Thank you for continuing to support them in strength, courage and the ability to remain invisible to all evil on the planet. Dear Lord, we thank you for continuing to support the Turners with God's gracious lavish abundance and divine protection for them, always. In Jesus name we pray. Amen.
Thank you to the esteemed listeners who continue to allow this platform to exist through our continued contributions. May each of you be divinely blessed with God's grace and mercy.
All hail Mrs. Turner! You're a lucky guy, Hal Turner, way I see it. I'm certain God is very proud of both of you true American heroes.
We sure are. ;)
The Dollar, of course, is strengthening exponentially amidst all this FX carnage. But is that good for us ? Not necessarily in the current context. Foreigners are being forced to sell their Dollar-denominated bonds to raise their own currencies, further raising our UST rates ( because the bond prices sink ), forcing the Fed to buy more of the bonds, thereby feeding our own inflation. Fighting inflation, done by the Fed recently, and necessitated by their own loose policies the last 15 years, is what set off this FX freefall.
Rising UST interest rates, especially the benchmark 10Y, is raising the cost of all credit, including housing. This is killing our stock and housing markets. It had to happen sooner or later because of all the money creation the last 20 years or so. The Dollar has only one way out of the bond rout, and that is to go right back to money creation like mad ( i.e., buying UST bonds and encouraging government spending ). The Fed knows if it does this, inflation will go into hyperinflation domestically in the U.S. Dollar. So they are now trapped. If they keep raising rates, the Dollar will keep rising as a safe haven for foreigners, and our asset values ( housing, land, and commodities ) and stock markets will crash ( not just "drop some" ). The large drop is proved by the present precipitous drop of the foreign currencies. If the Fed loosens and cuts rates by buying bonds ( the only way they have left ), hyperinflation hits.
This is indeed the breakup. And we are hoist on our own petard.
Brilliant synopsis! a brief summary or general survey of something:
"Voltaire famously said, 'Fiat currency always eventually
returns to its intrinsic value--zero.'
Unfortunately, it would appear that we're
watching the final stages of that process
End result will likely be martial law with UN/Chinese troops in your street with heavy armor.
Isn't that the damn truth. I agree fuck it, let it rip