The world’s biggest financial bubble just popped.
Regular readers know we’re talking about the bond market. This is where companies and the government borrow money. It’s about twice as big as the stock market.
In other words, it’s a key pillar of the global financial system. And it’s starting to give way…
Last summer, bond yields started skyrocketing.
The yield on U.S. 10-year Treasurys is now twice as high as it was last July.
On Wednesday, the temporary suspension of the debt ceiling ended, and so now the federal government is not going to be able to go into any more debt until the debt ceiling is raised. For the moment, the Trump administration can implement “emergency measures” to stay under the debt limit, but it won’t be too long before we get to a major crisis point because the federal government is quickly running out of cash. Already, the U.S. Treasury has less cash on hand than Apple or Google, and that cash balance is going to keep on dropping until the debt ceiling is finally lifted.
Laptop With "Highly Sensitive" Trump Data, Clinton Email Probe Info Stolen From Secret Service Agent
from Harvey Organ:
TURKEY NOW THREATENS TO RELEASE 15,000 MIGRANTS PER MONTH UNTIL ALL 2 MILLION HAVE LEFT
In silver, the total open interest SURPRISINGLY FELL by 2566 contracts DOWN to 186,990 despite the huge rise in price with respect to yesterday’s trading. In ounces, the OI is still represented by just less THAN 1 BILLION oz i.e. 0.940 BILLION TO BE EXACT or 134% of annual global silver production (ex Russia & ex China).
FOR THE NEW FRONT MARCH MONTH: THEY FILED: 154 NOTICE(S) FOR 770,000 OZ OF SILVER
In gold, the total comex gold also SURPRISINGLY FELL BY A MONSTROUS 5130 contracts DESPITE WITH THE HUGE RISE IN THE PRICE OF GOLD ($26.40 with YESTERDAY’S TRADING). The total gold OI stands at 425,717 contracts.
Read More @ Harveyorganblog.com
Idiots Jimmy Fallon and Rachel Maddow Gush About Her Trump Tax Returns Stunt As If It Were A Success
Click HERE to Listen
Greg Hunter-Weekly News Wrap-Up 3.17.17 – Surveillance, Shadow Government, Economy, Fed, Immigration and Syria/WW3
A state judge in New Jersey has issued a ruling that may lead to a requirement that all insurance companies will someday have to cover medical marijuana.
As reported by Natural Blaze, Egg Harbor resident Andrew Watson signed up for the state’s medical cannabis program in 2014, then attempted to get reimbursed for buying medical marijuana over a three-month period.
Watson, who was suffering from neuropathic pain in his left hand after being injured on the job, had a medical condition that qualified him under New Jersey law for medical marijuana. That said, his initial workman’s compensation was turned down.
In court, a psychiatrist and neurologist testified on behalf of Watson, telling the judge that by using medical marijuana, Watson would be able to decrease his use of prescription opioids, which would in turn lower any potential dangerous side effects and risk of becoming addicted, which has been deemed a nationwide epidemic by the Centers for Disease Control and Prevention. (RELATED: Prescription opioid deaths surpass gun-related deaths… Big Pharma literally killing more people than GUNS.)
But earlier in the week, he [Bernie Sanders] said in a CNN interview that “a total transformation of the Democratic Party” was still in order, and that he had also not yet given the D.N.C. — which he called the “establishment’s house” — access to his campaign email list. “It’s not some magical system,” Sanders told me, disdain dripping off the word “magical.” “How do we bring in, how do you raise money from, those people? You know what? You’ve got to stand for something.”
I asked him if he thought the Democratic Party knew what it stood for. “You’re asking a good question, and I can’t give you a definitive answer,” he said. “Certainly there are some people in the Democratic Party who want to maintain the status quo. They would rather go down with the Titanic so long as they have first-class seats.”