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So I have been reading some financial news. With the G20 meeting coming up at the end of the month, it seems a good time to mention some financial observations.

The global economy is slowing, home sales in USA have fallen off, and the Fed keeps raising the interest rates(this often leads to recessions). Trump has said that the Fed is crazy. I would agree, if the Fed wanted the economy to continue to hum along.

Well, the Fed is no doubt participating in the derps plan for economic crash. Their plan was to have a global currency in 2018. They are a bit behind their schedule.

Last year they wanted to establish a system that transferred the power of the US Fed to an international Central bank - like maybe using the IMF structure. They were going to use SDRs with the US$, Euro, Etc. China did not yet meet the criteria needed, and they wanted it to be included.

When the Fed kept interest rates at zero, the investors were able to make investments on leverage in the emerging markets. Now with the raising of rates, that capital is getting out of the emerging markets. Bank runs are happening.

China has for the first time in years had a trade deficit. Their economy is slowed. Important to know that a monetary system usually lasts about 30 to 40 years. This one happened back around the time that Nixon closed the gold window, and the Petro Dollar became the world currency. It’s a bit long in the tooth.

Petro dollar was possible due to the Saudis agreeing to require US$ for oil. Obama stabbed Saudis in the back with the IRAN deal. Brick nations are setting up ways to settle trades without US$. I think that the derps expect the dollar to be replaced already-surprise derps.

The Bank of England made the news by refusing Venezuela’s request for the return of the gold sitting in their bank. Not much noticed was that Swiss Banks have refused several customers their gold as well. I don’t know why/what excuse.

Many countries have been taking their gold from the NY banks. China and Russia have been buying gold pretty fast too. This past year countries and banks have been buying large amounts of physical gold-much more than usual.

The 2008 meltdown-nothing was really done to correct the problems that caused it. Fed printing money like crazy and Government spending like crazy and I told my hubby that we may have already reached the point of no return. Well it continued for 6 more years after that comment.

I don’t pretend to know what is coming. I can think of a number of alternative scenarios and almost none are all that positive. We are bound for some rough times, I believe.

I concentrated on getting out of debt. Buying necessities that may become very expensive or not available. To prepare I would say make sure you have a stash of cash. Maybe buy some silver which is currently selling at less than production cost.

Last time around, banks in other countries took vacations/atm machines were closed. Access to cash(including limits on withdrawal amounts) was limited. Savings accounts were charged 10% (they called it a haircut).

Just give it some thoughts, because the derps seem to me to be determined to hurry up and bring the system down to add to chaos and maybe escape I guess. Prepare for the worst, pray for the best.