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PLUNGE: This isn't some Rinky-Dink Stock, it's the British Pound!

PLUNGE:  This isn't some Rinky-Dink Stock, it's the British Pound!

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.

 

Comments   

+3 # Strikeellis 2022-09-26 21:05
Evidently it also looks like the railroad strike might be back on. The deal stunk and railroad workers are just finding out.
# There's A Bad Moon Rising !oldschool 2022-09-26 19:34
https://www.youtube.com/watch?v=zUQiUFZ5RDw
+4 # RE: PLUNGE: This isn't some Rinky-Dink Stock, it's the British Pound!RockyMountainBeerMan 2022-09-26 19:01
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"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
.
+3 # All CurrenciesLogan5 2022-09-26 15:46
All Fiat currencies are collapsing into the US Dollar:


https://twitter.com/i/status/1573936737814220800
+5 # RE: All CurrenciesRockyMountainBeerMan 2022-09-26 16:47
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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.
.
+1 # Gold is in the toiletoak2022 2022-09-26 15:31
Gold is swirling the drain as well. nNot sure what that means.

https://www.kitco.com/charts/livegold.html
+3 # Duhgjones7777 2022-09-26 19:26
Quoting oak2022:
Gold is swirling the drain as well. nNot sure what that means.

https://www.kitco.com/charts/livegold.html

It means it's time to buy!
+2 # Paperellis 2022-09-26 17:29
They are driving down the paper gold market because they know they can’t produce the physical gold. It is a scheme to make people sell at rock bottom prices so they can try to get themselves out of trouble. Real physical gold is still around 1719 versus 1690.
+1 # .SuperSoul1971 2022-09-26 14:35
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+2 # Nice editellis 2022-09-26 17:44
Hmm. I didn’t say woohoo or party. I am thinking your idea of a vacation and mine are on opposite ends of the spectrum. And the only reason I suggested it was because our friends just on the other side of the border of our state are seriously hurting due to no tourism. Many are going bankrupt.
+9 # Germany, Japan, then The United States,oldschool 2022-09-26 12:05
David Wilkerson's 1973 prophecy - The Vision.

https://coercioncode.com/2022/04/13/david-wilkerson-global-economic-collapse-begins-in-germany/
+7 # RE: Germany, Japan, then The United States,TexasWolf 2022-09-26 15:06
Quoting oldschool:
David Wilkerson's 1973 prophecy - The Vision.

https://coercioncode.com/2022/04/13/david-wilkerson-global-economic-collapse-begins-in-germany/


Wilkerson was the real deal.
+1 # Yes he was !oldschool 2022-09-26 19:06
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+3 # RE: Germany, Japan, then The United States,RockyMountainBeerMan 2022-09-26 17:11
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God through Wilkerson.
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+7 # You used to...Doug Brown 2022-09-26 11:45
You used to jump over from Brownsville into
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?
+11 # RE: PLUNGE: This isn't some Rinky-Dink Stock, it's the British Pound!RockyMountainBeerMan 2022-09-26 11:45
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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.
.
+6 # The road to ruin...Gulfcaptain 2022-09-26 11:41
Typical of history, world wars start with economic, food, health and political instability.

We are watching history unfold before our eyes.

How to get out of this mess? What got the US out of the Great Depression?
+4 # YesRockyMountainBeerMan 2022-09-26 15:01
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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.
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# RE: Yesjrd803 2022-09-26 23:03
That's exactly what Dumitru Duduman said, things 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.
+3 # The Bankers,oldschool 2022-09-26 12:09
brought us into war. Fixed everything, so we thought.
+3 # RE: The Bankers,RockyMountainBeerMan 2022-09-26 16:41
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No, they just looked after themselves and fooled everyone else with the illusion.
.
+20 # S&P PLUNGE after breaking 3700?White Lightning aka Raptor 2022-09-26 11:09
S&P breaking below 3700 now we will see if this precipitates a plunge (3500 Today's Session). Will be interesting to see what this week brings considering we are threatening to exchange nuclear weapons with Russia. The first nuclear weapon to be detonated in America could be one of our own (a false flag EMP).
+2 # RE: S&P PLUNGE after breaking 3700?oldschool 2022-09-26 19:14
Got EMP protection ? In case anyone is interested;
https://www.empshield.com/

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.
+6 # RE: S&P PLUNGE after breaking 3700?TexasWolf 2022-09-26 12:08
Quoting White Lightning aka Raptor:
S&P breaking below 3700 now we will see if this precipitates a plunge (3500 Today's Session). Will be interesting to see what this week brings considering we are threatening to exchange nuclear weapons with Russia. The first nuclear weapon to be detonated in America could be one of our own (a false flag EMP).


SQ mentioned the false-flag nuke drop on NYC. They've really been hyping the "what to do if nuked" ads up there.
# Canadian vacationellis 2022-09-26 11:03
Time to take a vacation to Canada?
+14 # RememberOccamsRazor 2022-09-26 12:45
You can vote your way into communism, but you will have to shoot your way out.
-2 # RE: RememberEddamnit 2022-09-26 13:01
Communism is the ultimate expression of capitalism, the most gain from the least amount of effort.

But like democracy true communism does not exist.
+5 # Hotel Canada,oldschool 2022-09-26 12:15
You can check-out any time you like But you can never leave!"
+8 # RE: Canadian vacationTexasWolf 2022-09-26 12:05
Quoting ellis:
Time to take a vacation to Canada?


They still won't let their purebloods leave the country. I'd stay away from Canada for now.
+11 # Canada?Gulfcaptain 2022-09-26 11:43
Are you "up to date" with your "boosters"? Going to Canada is like entering the living room of Heir Schwabe. Little shelter there...
+8 # Vacation to Canada?White Lightning aka Raptor 2022-09-26 11:29
Can you cross the Border without having had or getting a lethal injection?
+7 # RE: Canadian vacationNda 2022-09-26 11:13
Quoting ellis:
Time to take a vacation to Canada?


Too cold this time of year. Why don't we all rendezvous somewhere warm, cosy, tropical?

God help us all.
+5 # RE: Canadian vacationTexasWolf 2022-09-26 12:06
Quoting PlaneJane:
Quoting ellis:
Time to take a vacation to Canada?


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.
-1 # Almost ski seasonellis 2022-09-26 11:56
Out west, this is a great time to go. Hot springs and outdoor activities. Hoping they drop vax requirements soon. Couldn’t get vax right now, anyway. Got Covid. Almost over it. It wasn’t bad.
+1 # My badellis 2022-09-26 11:58
It looks like as of this next weekend, Sept 30 vax mandates for travel cancelled.
+5 # Another Sept 30th data point...J Grayman 2022-09-26 10:58
Add this on top of everything else regarding Sept 30th...

"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."

https://www.zerohedge.com/geopolitical/kremlin-indicates-ukrainian-territories-be-absorbed-russia-weeks-end
+3 # Back up to 1.08Paul Lambert 2022-09-26 10:54
The charts show a clear plunge early today. I wonder how the pound managed to recover (slightly).
+2 # RE: Back up to 1.08JFY 2022-09-26 11:41
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Maybe it's what they call the dead cat bounce...
+3 # Elections in the EUJessiebeaner 2022-09-26 10:50
https://www.zerohedge.com/political/eu-commission-president-threatens-italy-eve-election-says-brussels-has-tools-if-wrong?utm_source=&utm_medium=email&utm_campaign=941
+20 # If you thinkSrmay72 2022-09-26 10:47
No matter what you invest in, it's only worth what others will pay. Soon the antichrist government will steal all property and money , gold , silver ,... those that survive what's coming. So even if you have 10 years survival gear it truly won't matter. Our only protection is Jesus. So if your poor don't worry the rich will be the same soon. The Bible says the whole world so if you think your little farm or bugout in the mountains will keep you safe remember they can read a newspaper from space. ITS PAST TIME TO GET RIGHT WITH GOD, SPECIALLY AMERICA THE BABYLON OF NEW, GODS WRATH IS COMING, I PRAY YOU ARE READY TO BE DRUG FROM YOUR HOME AND HAVE POWER TO EXCEPT DIEING FOR JESUS. HELL IS AS ETERNAL AS HEAVEN, WHERE YOU SPEND IT IS TOTALLY UP TO YOU. IF YOU HAVE EXTRA GIVE IT TO THOSE THAT DONT, REMEMBER SOON THAT DOLLAR, PPUND , EURO , RUBLE , OR WUAN WILL BE WORTHLESS WHY NOT DO GOOD FOR OTHERS WHILE YOU CAN. GOD HELP US!
+6 # Meanize,Nda 2022-09-26 10:46
Quoting meanize1962:
Hudson for Mr Turner's wife to confess to God and her sins will be forgiven her in Jesus name ask God to show you the lightof Jesus Christ



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. ;)


Love Always,
Jane
xo
# Thank you for that Jane !oldschool 2022-09-26 20:06
I'm sure the Turner family can use all the support we can give them.
-6 # .SuperSoul1971 2022-09-26 10:38
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+7 # comprehensiontheshaw2000 2022-09-26 10:42
I feel like you didn't actually read the comment you are replying to.
+2 # .SuperSoul1971 2022-09-26 12:36
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+6 # Looks Like the Hammer Has Fallen.Garyhines 2022-09-26 10:35
Looks like the Hammer has fallen.What is the New York Stock Exchange doing if it's starts going down. Then you know this is a controlled demolition. The Plunge protection team will stop trading if it's dropping 4000 point drop .By Noon we should know what's going on with the stock market.
+5 # RE: PLUNGE: This isn't some Rinky-Dink Stock, it's the British Pound!Bren1776 2022-09-26 10:30
September 25th was Elul 29. Elul 29 is the day of Nullification, it is also the Last Day of the Biblical SHEMITAH, It is also Falls on The Feast of Trumpets, is this a coincidence or is Jesus about to take his Church Home. The SHEMITAH is every 7th Year, now count 7 years backwards from September 2015; what happened on September 17th 2008, from there count 7 years backwards on September 11th 2001, so begins the cycle of an adverse effect on American Soil.
-4 # .SuperSoul1971 2022-09-26 10:45
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+1 # Oil lampellis 2022-09-26 11:05
You might want to make sure your lamp has oil.
+13 # The Main EventSgrant 2022-09-26 10:21
Currency wars always precede shooting wars. The main event is still to come...and getting closer.
+4 # .SuperSoul1971 2022-09-26 10:00
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+4 # .SuperSoul1971 2022-09-26 10:33
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-11 # RE: PLUNGE: This isn't some Rinky-Dink Stock, it's the British Pound!meanize1962 2022-09-26 09:19
I said for Mr Turner's wife to pray to God that her sins be forgiven her confessing how shall be forgiven I don't know what's going to happen we can end up having a Noah's ark again just saying there's a big ice place search near the Arctic circle that might break off and melt
+8 # RE: PLUNGE: This isn't some Rinky-Dink Stock, it's the British Pound!Dean Easterling 2022-09-26 09:18
Hal, this sounds like what you read live on air Wednesday night.
-9 # RE: PLUNGE: This isn't some Rinky-Dink Stock, it's the British Pound!meanize1962 2022-09-26 09:17
Hudson for Mr Turner's wife to confess to God and her sins will be forgiven her in Jesus name ask God to show you the lightof Jesus Christ
+3 # Not comfort in Dollar strengthSBGlett77 2022-09-26 09:17
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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.
+10 # RE: PLUNGE: This isn't some Rinky-Dink Stock, it's the British Pound!Danel Riqar 2022-09-26 09:17
I noticed the Pound had fallen to that low late last night, when I was looking at the Euro value on XE.com. It surprised me so much that I decided to check most other major currencies. It appears nearly ALL western currencies are experiencing a huge slide RELATIVE TO THE US DOLLAR. Conclusion: Hal was correct on August 29th. They're all collapsing INTO the USD-backed bond and real estate markets. And this is happening right on time, on the Feast of Trumpets, on YHWH's calendar.
-7 # Hal wifemeanize1962 2022-09-26 09:15
Your wife should take twice about going to New York with those things in the subway those posters tell her don't be like the ones with Noah's ark or the ones with Sodom and Gomorrah didn't see the disaster coming from God if she's blinded she better check her sin closet and ask God to forgive her in Jesus name the vonfessto God now shall be forgiven I hope you're telling her how dangerous it is to go into New York City or New Jersey you can have buildings collapse on top of her she can be stuck in there for 6 months not being able to come out to see the sunlight the sunlight she don't want that to happen to her I think the writing's on the wall what might come in the next 6 months it can come today it can come 6 months from now you're sure of it within two and a half years
+5 # Cash=freedom, Digital=Control?acturner067 2022-09-26 09:14
Money grows on trees until they die from no co2, chem-trailing, and to much radio waves. Digital money is like a ghost it floats around in electrical semi conduct wiring like in some ether in a borg system. You need a complex array of equipment to make it work. The energy it uses is extremely high and it needs very much a security system and AI to function. They apparently need to destroy the paper system to bring in their form of digital money which will be use against us as social credit system of control?
+2 # CO2ellis 2022-09-26 11:10
Quit with the CO2. That isn’t how it works. Plants are not going to die off if we quit making CO2 anymore than climate change is caused by CO2. Greenhouses are a perfect example. Plants do fine but if u add CO2, if get exponential growth. People do not control climate, except for NOAA seeding clouds. We are way too insignificant.
+1 # Money grows on trees until they die from no co2, chem-trailing, and to much radio waves.White Lightning aka Raptor 2022-09-26 11:02
Digital money is like a ghost it floats around in electrical semi conduct wiring like in some ether in a borg system. You need a complex array of equipment to make it work. The energy it uses is extremely high and it needs very much a security system and AI to function. They apparently need to destroy the paper system to bring in their form of digital money which will be use against us as social credit system of control?

Brilliant synopsis! a brief summary or general survey of something:
-3 # What a glorious daymeanize1962 2022-09-26 09:12
It's such a beautiful glorious glamorous day where I am the sun is shining the birds of Turpin it's a perfect degree of weather outside it's a glorious glorious beautiful day that God has made we should rejoice and be glad it's probably going to be glorious glamorous things happening this week they might be acts of God what I mean by that is great good wonderful things may there be Peace on our Earth and may peace begin with us
+3 # Guess the petrodollar wasn't the way, huh?MasterOfTheMind 2022-09-26 09:05
Lol
+6 # Global currency in total freefall.Bill51 2022-09-26 08:44
It's going to be bumpy on Wall Street also.
+5 # Watch what happens next.....JbRiddle 2022-09-26 08:38
Right now you have dumb scared money looking for a safe harbor. Watch the amount of money that gets dumped into the US Stock Market in the next 30 days.
+15 # █▓▒░ Rinky-Dink ░▒▓█Palehorse 2022-09-26 08:20
|

"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
unfold now."
+17 # RE: PLUNGE: This isn't some Rinky-Dink Stock, it's the British Pound!Gunner 2022-09-26 08:19
Well we all knew the financial markets - the entire financial system is made of nothing but Lies & masterful Manipulation. And the USD$ is truly no different at the end of the day. I am basically broke myself, ahhh, fuck it, let em' rip.
+1 # Careful what you wish forHuskerMike 2022-09-26 14:16
Quoting Gunner:
Well we all knew the financial markets - the entire financial system is made of nothing but Lies & masterful Manipulation. And the USD$ is truly no different at the end of the day. I am basically broke myself, ahhh, fuck it, let em' rip.


End result will likely be martial law with UN/Chinese troops in your street with heavy armor.
# RE: PLUNGE: This isn't some Rinky-Dink Stock, it's the British Pound!JbRiddle 2022-09-26 08:41
You are witnessing the fall of the Global system, they US will remain standing when all is said and done. The US will be the safe harbor in this financial shit storm.
# You been watching a lot of Batman and Robin ?oldschool 2022-09-26 20:21
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+1 # pipe dreamsupporttheblue 2022-09-26 10:55
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+4 # RE: PLUNGE: This isn't some Rinky-Dink Stock, it's the British Pound!Curious 2022-09-26 08:36
Quoting Gunner:
Well we all knew the financial markets - the entire financial system is made of nothing but Lies & masterful Manipulation. And the USD$ is truly no different at the end of the day. I am basically broke myself, ahhh, fuck it, let em' rip.


Isn't that the damn truth. I agree fuck it, let it rip
+6 # RE: PLUNGE: This isn't some Rinky-Dink Stock, it's the British Pound!Hope springs 2022-09-26 07:56
Let the money games begin!
+2 # Why don't thy just ...The Infant Phenomenon 2022-09-26 07:49
tax the colonies?
+2 # RE: Why don't thy just ...Paul Lambert 2022-09-26 10:58
Not many of them left. The 47 people on Pitcairn are hardly going to make it happen.

 

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