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Craig Hemke: The Existing Global Financial System Is A Ticking Time Bomb – Shadow of Truth #56

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Market history tells us that regardless of the Central Banks’ intentions to drive the market higher, the overall market can overwhelm the Central Banks. Last Monday [August 24th Dow 1,000 point intra-day crash] is an example of that.  – Craig “Turd Ferguson” Hemke on Shadow of Truth

TND Podcast Spotlight:  Shadow of Truth

The Plunge Protection Team’s (Fed + the Treasury’s Working Group On Financial Markets) repeated attempts to keep the massive U.S. asset bubbles pumped have created an extreme degree of moral hazard in the form an unprecedented degree of capital misallocation.  The poster child of this is the U.S. stock market.

However, an even more horrifyingly extreme misallocation of capital is the private equity financings of Silicon Valley “unicorns.”  Snapchat, for instance, was recently capitalized at $16 billion despite having a estimated annualized revenue of $1 million.  That’s 16,000 times revenue.

When this insanity implodes, the collateral damage will rip huge holes in pensions funds, which having been tripping over themselves to shovel money at the big private equity firms.   To call what these sleazy NYC financiers are doing  with your retirement money a “moral hazard” is misuse of that term.  It’s more like a flagrant disregard for morality and ethics.

The Chinese recognize that the debt-based, dollar-based global reserve system wasn’t going to go on forever…as the Central Banks have tried to prop up the existing system, which is just a dead man walking, the Chinese have been, for the last seven years, preparing an alternative system for when the existing debt-based system finally collapses.  – Craig Hemke

The Wall Street propagandists, via their mainstream financial media hand puppets, are casting the blame on the recent volatility in the global equity markets on the Chinese.  It has nothing to with the inevitable unwinding of the global asset bubbles which have been inflated primarily with western Central Bank money printing, the amount of which has been multiplied many times over through a jungle-gym apparatus known as carry-trades and OTC derivatives.

Rory Hall of The Daily Coin and I hosted Craig Hemke of the TFMetalsReport on the Shadow of Truth to hear his thoughts and analysis on the key issues affecting the global financial system,  eventual collapse of the U.S. dollar, and the transition of economic and geopolitical hegemony from the west to the east.

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About Dave Kranzler:

 I spent many years working in various analytic jobs and trading on Wall Street. For nine of those years, I traded junk bonds for Bankers Trust. I have an MBA from the University of Chicago, with a concentration in accounting and finance. My goal is to help people understand and analyze what is really going on in our financial system and economy. You can follow my work and contact me via my website Investment Research Dynamics.  Occasionally, I publish on Seeking Alpha too. As a co-founder and principal of Golden Returns Capital, LLC Mr. Kranzler co-manages the Precious Metals Opportunity Fund, a metals and mining stock investment fund. 

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About The Daily Coin: was founded by Rory Hall. The website features articles and commentary, as well as The Daily Coin podcast, also appearing on The Daily Coin YouTube Channel. Mr. Hall has served as a daily contributor to over the past two years. He has written several original articles and interviewed some of the top precious metals professionals in the industry, as well as top preparedness specialists in the world. YouTube Channel, The Daily Coin, was launched in February 2014 and website was launched April 25, 2014

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