Take your seats and Prepare for the 4th Turning. De-dollarization is occurring before our eyes. The game of musical chairs is coming to an end.
We will be lucky to get away with a debt crisis. The more likely outcome is a currency crisis.
Your currency is not money, it is fiat. It is important you understand the difference. The thing we call money is fiat credit created by banks via loans. Everything is driven by debt and loans. AKA your life is driven by debt and loans. AKA your life is debt and loans. How did it get this way?
But don't you know the Wonderful Wizard of Oz? Remind me... what does the wizard do in the end?
Note: This is Not financial advice. Just what I see.
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Here's zooming out to the Weekly.
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Here's zooming out to the Monthly.
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What I am calling for is nothing but a return to the mean. Everything is playing out. Liquidity is drying up. Retail investors are being left holding the bags. Meanwhile the hedge funds are going to China because they actually have the ability to stimulate their economy.
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