Posted on 06/26/2016 6:28:37 PM PDT by ameribbean expat
The People’s Bank of China have set the USD/CNY fixing for Monday at 6.6375, some 0.9% weaker than Friday’s fixing level of 6.5776.
The figure, well above Friday’s close of 6.6150, was the weakest fixing level seen since December 2010.
(Excerpt) Read more at businessinsider.com.au ...
Our bond rates are headed to 1%. Insurance cos are going to detonate.
Clif High (web bots) has been saying for months that credit crunches and insurance company insolvencies are coming. His data indicates disaster payouts that far exceed the resources of the insurance companies to cover. Current chatter on Twitter among his followers expects a major (very old) Italian bank to fail. Bo Polny just did a 30 minute interview with Greg Hunter where his business cycle analysis expects market crashes before the end of June with gold/silver spiking as the dollar crashes. The chaos is getting underway and will accelerate over the Summer. Polny sees a great deception around Oct 2nd.
What are/were these “overwhelming” disasters that aren’t capable of being paid by insurance companies?
Right there is all you need to know about "Free Trade".
Simple - any storm the hits the CONUS in a majority Democrat stranglehold. Could even be a good rain shower.
Flooding.
Insurance companies are not going to be able to exist with bonds @ 1.46%. Won’t pencil out. Pensions figuring on 8%/yr? ROFL.
Flood waters are covered under government insurance, only.
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