The Last Trump
sound somewhat overdone, but the upcoming vote for president could very well be
characterized as such. We are on the
verge of open war with
The world economy is collapsing, with worldwide debt exceeding world GDP by a wide margin. Zero and negative interest rate policies and quantitative easing have done nothing but expand an equity bubble that is set to burst, this at a time when volatility will finally kill the systemically “important” institutions with derivatives risks which require moderate moves in their underlying assets. Deutchbank will be the first to go. Globally, the notional value of all outstanding derivatives contracts is a staggering 552.9 trillion dollars according to the Bank for International Settlements. They all say they are “hedged,” but what good is a hedge when the counterparty is bankrupt? Economically, the last trump is getting ready to blow.
This political season is exposing just how absolutely corrupt our system has become. Pay to play, foreign influence, big money, bribery, chicanery, absolute graft are rampant and evident. Sickening! It certainly does appear that the last trump is getting ready to be blow. How fitting that one of the candidates would have the name Trump.