[New post] Three Glaring Symptoms of Monetary Mayhem
User ID posted: " https://www.youtube.com/watch?v=BFbUpDR6rk0 Three Glaring Symptoms of Monetary Mayhem by Mario Innecco Today we will look at some of the more glaring symptoms of what we think is the acceleration of monetary mayhem that happens under a fiat currency "
Today we will look at some of the more glaring symptoms of what we think is the acceleration of monetary mayhem that happens under a fiat currency regime.
Please comment below about some other symptoms of this mayhem that you might have experienced or are aware of wherever you may be in the world.
Before I start today I just like to thank all of you for another month of the Maneco64 community that's what it's become that's what Graham Hobbs one of the long time supporters of this channel or community said to me that he feels the channel is more than just a YouTube channel it's a community and yeah I'd like to thank you all again at the start of a new month and I have to tell you it feels like autumn or fall out there it is raining it's colder and it's windy so there you go but today I'd like to show you that there are things out there that are pointing more and more to monetary mayhem and the word mayhem sounds a bit extreme I have to admit but I i think it's appropriate I have been seeing the symptoms of monetary mayhem for many years I've been awake to the fragile if you want to be kind nature of the currency system we all know of course or many of us know that it's more than just fragile it's a fraudulent system not based on honest weights and measures based on how can I say exorbitant privilege and that that's what Finance Minister of France or one of the advisors to Charles de Gaulle said back in the 60s that the united states had the exorbitant privilege of being able to import anything by printing money by borrowing without having any backing to its currency is it any wonder that the French were one of the biggest movers in terms of redeeming their dollars that led to the closing of the gold window so yeah it's not just the united states now the whole system is a fiat currency system and the people who have benefited the most are the people at the top the bankers the big corporations that have access and are a lot of times a majority owned by the bankers and today I'm just going to show you a few examples that tell me that something out there is not right and the first one is in the real world so to speak and yeah I saw this article in the telegraph yesterday and you might think oh this is just a silly story it doesn't really mean anything well I think it means a lot especially for the fact that we're seeing shortages of everything here in the UK we're seeing prices rise we're going to see utility bills go up this winter we're going to see a lot of people finding it difficult to get a job to be properly paid we're going to see a lot of small business if we haven't seen already a collapse or closed down because of all that the powers that be have done in in these last almost two years now and of course again the big corporations the bankers they've benefited from it they're gonna end up owning a lot of the good assets but the story anyway is inside Salt Bae's restaurant how can a steak ever cost 630 pounds so it says the celebrity influencer has opened his first UK restaurant to a social media storm but do the eye watering prices match the experience so I just thought reading through this I thought of Mary Antoinette and the French aristocracy before and during the French revolution how they had a luxurious and sometimes decadent life while everyone else was like starving almost and finding it hard to get by and there are more examples of course than just this new restaurant in Knightsbridge which is the fancy part of London of course yeah you see how the very wealthy and I'm not having a go at the very wealthy this is not judgment or anything this is just to show you the symptoms that there's something wrong I don't have anything against people being successful but I think there's something wrong with in the system when you have such a disparity when people can spend £630 or more on a stake while some people are struggling to get by day by day so let's quickly look at this article it says London midweek Knightsbridge to be precise across the country drivers are sitting in traffic jams outside empty petrol stations in Brighton socialists are decrying tory scum while senior union bosses are talking of a cost of living crisis well I think the union bosses are right it's not a cost of living crisis it's an inflationary crisis it's a stagflationary crisis it's the country unfortunately the general public falling into poverty and you probably know by now all the reasons why that happens in the fiat currency system so it says but here in the fancy metropolis in the restaurant on the ground floor of the park tower hotel I'm eating a 315 pound piece of steak it's not even the most expensive slab of meat on the menu so this is William Sitwell he's a a reporter for the daily telegraph so he went there to see what this was all about I guess the telegraph covered his cost like a business expense but I don't think he'd be going there on a private basis certainly the most eye-catching is the signature tomahawk steak a char-grilled bone bone-in rib eye that's wrapped in 24 karat gold leaf and yours for 630 pounds gulp so there's another sign of decadence that they wrap the steak in gold leaf my steak is also covered in gold leaf and was just presented by the chef and owner of the establishment his name is Nusret Gokce a Turkish-born butcher or Salt Bae if you're going by his social media monikers something that 38 year old Sultan of Steak apparently that's his nickname acquired after his fanboy flamboyant condiment sprinkling technique caught the attention of twitter users and promptly went viral fans include David Beckham and Lionel Messi and Rihanna has worn a T-shirt with his face on it he now has 38 million Instagram followers it's an interesting story I thought and he also mentioned the author that most of the people in this establishment are people from 11th I think what he meant to say there a lot of them are middle eastern people from the oil and gas rich countries that come to London every summer and they own most of Knightsbridge probably and for them a thousand pounds £500 for steak is not much there's probably also people indigenous British that can afford this and it's interesting to always read the comments from these stories and most people thought like I did this is like decadent one of the funniest comments though a little bit of humor is that does the price include training for panning for poo the next day so yeah so you can I guess get the gold back from the wrapping of the steak I thought that was a funny one but I think it just shows it's a huge symptom of everything that's wrong in the system so here's another symptom in my opinion that something is wrong especially when we're seeing the supply chain on unravel we're seeing like shortages everywhere not just in the UK we're seeing the energy crunch we're seeing commodity prices go through the roof or more the currencies collapsing versus tangibles we get this story here investment bank fees exceed a hundred billion on M&A boom and how can they just get this hundred billion in in an economy that's going down the tubes everywhere around the world well it's the cheap credit created by the central banks so and who are the beneficiaries well the bankers the people who are most probably behind this crisis they're behind everything the bankers I highly recommend you read Anthony C. Sutton's books he talks about Wall Street, the City of London how they finance many things in the past I'm going to put a link below in the description to his Wikipedia and you can google his name and you find all the books and of course JP Morgan is one of the biggest beneficiaries and at the same time this article says deals hit record levels us infrastructure vote in the lurch stagflation fears intensifying so now it's the mainstream is coming out and saying yes we have a possibility of stagflation they're talking about it we've been talking about this for over a year on this channel so I would say now that it's baked in the cake if they're talking about fears of stagflation it's here already and it's not going to be good so that's the other symptom there that some business are doing really well but as I said it's just because of the easy funny money it's part of this rotten fiat currency system and now the third and final symptom and this one is more difficult to diagnose or try to predict what's behind it I think even the specialists in this field of the repo market or repurchase market don't really know what's going on yes there's a guy called Zoltan from Credit Suisse bank who used to work for the Fed he seems to know what he's talking about but I think even him doesn't understand what the repercussions of this is so yeah this is the overnight reverse repo so the repo market is just a like a pawn shop for wall street where the major primary dealers the people that deal with the New York Fed that's where they take in supposedly safe haven securities from their clients from other financial institutions from corporations they take in those treasuries securities and overnight usually and give them cash for it so it's like you or me going to a pawn shop and borrowing some money for a day and leaving our watch or some jewelry there they leave treasury securities and the fact that the Federal Reserve now is in this market is very unusual as you can see by this chart the Fed really prior to 2014 never really got involved in this market because it's supposed to be a private market between non-central banking financial institutions and it's not just for wall street and New York it's for the whole world financial system you'll see that there are a lot of primary dealers from overseas in the New York Fed's primary debt a primary dealer list and what this is saying is that these primary dealers they they're taking treasuries from the Federal reserve they're tracking the securities and leaving cash with the Fed and now it's up to 1.6 trillion I think it jumped from 1.4 the previous the previous date that they published this number so it's going through the roof it's difficult to say what's going on but one thing that it shows is that the financial system is probably scared of dealing with each other like the counterpart party risk there must be a problem and it could be something to do with this deadline of October 18th where the us treasury could actually default on its obligations so this is very serious and I don't think this would be happening if we didn't have all this money printing and credit creation and this is in my opinion one of the symptoms of monetary mayhem these symptoms that I talked about generally speaking when you have a currency collapse or monetary mayhem you get social upheaval political upheaval economic upheaval you get crises things are always bad you always get bad news and I have to say this is what we're getting now especially here in the UK and elsewhere we're seeing people in the US as well lose their jobs because of draconian rules pretty much unfair rules and just before we look at the markets I saw something about Singapore they've got an 82 percent rate of people who accepted this medical procedure and now the cases of this thing that we've had for the last 18 months have gone through the roof so figure that one out I think things are crazy and again that's another sign there of monetary mayhem and the monetary system there's something wrong with it and the less exposure you have to it and it's getting late in the day I think the better financially of course there are a lot of other things that we need to work on not just financially and I'm not here to advise people on that the I would say though that I heard the other day from a Georgian guy from Georgia the country not the state he was on with UK Column News which is a really great program here in the UK they used to be on YouTube but they were deleted they have their own website UK column newsnews.org you can google that and they do a show Monday, Wednesday and Friday they do it live at 1pm London but then they publish it and you can watch it and this guy on one of their shows I think his name was gave org I forgot his last name but he spoke very good English and he was talking about the motto of soviet dissidents during the soviet union and there are three things that they stuck to don't trust the government is the first one don't fear the government is the second and the third one is don't ask for anything from the government so be self-sufficient I thought that was good advice so with that let's look at where the markets are what time is it quarter to 9 a.m. London time yes the stock markets had a really rough September they didn't finish very well at all yesterday let's see the Dow finished down almost 550 points, S&P finished down 52 and Nasdaq finished down 63 this morning gold and silver actually rebounded really well yesterday silver got back above 22 gold got back above 1740-41 which I thought was a key support and right now this morning gold is at 1754 down just two and a half dollars the range has been 1750 to 1757 silver is up slightly up a cent or so at 22.18 range has been 22 21 to 21.97 and actually the stock market continues to move lower we've got the Dow future down 217 points we've got the Nasdaq down 66 and the S&P down 23 the FTSE is down 70 points just above seven thousand and the currencies yesterday rebounded very little and I noticed that the dollar's been getting hit hard versus the u1 which is quite interesting right now we got sterling down about point two of a percent at one thirty four fifty sterling still looks pretty bearish versus the dollar and I think we're back above 1300 versus gold so all in all gold is performing quite well and it always does when a fiat currency has trouble you see in countries like Turkey or Lebanon, Brazil and others when their currencies get hit hard yes the dollar goes up against them but gold also performs really well the euro is unchanged at 115.82 the dollar is unchanged versus the yen at 111.20, the dollar is down a quarter of a percent versus the yuan we're at 6.43 exactly and I think a few days ago we're trading around 6.47 so it has dropped fairly significantly I would say versus the Chinese currency let's have a look at the other currencies here so we've got Aussie dollar down a third versus the dollar at 0.7203 the dollar is up a third of a percent versus the Canadian dollar at 1.27 and the Kiwi dollar is down 0.2 at 68.82 so now to the general commodities we've got WTI crude down two thirds of a percent or 52 cents at 74.40 high-grade copper is up two-thirds of a percent at 4.11 we got natural gas up almost one percent and almost back to six we're at 5.90 just have a quick look at cotton, cotton which we looked at yesterday well cotton is continuing to go higher as you can see here it's up another three percent overnight we're now at 104 so another bad sign there for the cost of living problem and just to finish off here let's have a look at the 10-year yield it's down about three basis points and it's at 0.015 so there you go if you enjoyed this video make sure you hit the like button please share it far and wide think about subscribing to my channel if you haven't yet and you can also follow me on Rumble, Twitter, Facebook and all these other platforms below here I wish you all a great day take care bye
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