Skip to content
Socio-Economics History Blog

Socio-Economics History Blog

  • About

Socio-Economics History Blog

Socio-Economics History Blog

Craig Hemke: Parabolic Global Debt Will Collapse Bullion Bank System

June 21, 2018 by mosesman

  • Craig Hemke: Parabolic Global Debt Will Collapse Bullion Bank System
    by Greg Hunter’s USAWatchdog.com
    Financial writer and precious metals expert Craig Hemke says nobody should be comfortable with unpayable global debt that has piled up since the 2008 financial meltdown. A debt reset is locked in, but nobody knows when it will come crashing down. Hemke says, “That’s probably the right way to put it. I would not want to say, hey, there is going to be a debt reset by August 29th. I don’t think that’s the way you want to go with it, but it’s pretty obvious to anyone that we are in this parabolic Ponzi scheme. The debt is now increasing globally at such an exponential rate that, at some point, it becomes unserviceable. Then, at that point, you get this reset they’ve been talking about.”

    –
    Hemke points out the same game that was being played to inspire confidence in the banking system back before the 2008 financial meltdown is happening again. Hemke says, “You can see this today, actually, in the attempt to inspire confidence in Deutsche Bank. You can pull up a chart of Deutsche Bank now, and you can clearly see the heavy hand and the overt support of the Deutsche Bank share price. It is about $11. That is about the all-time low it came down to a few weeks ago. In the last few days, it has been clearly supported at $11. . . . Why would central banks be supporting Deutsche Bank? Because if Deutsche Bank began spiraling down through $10 to $9 to $8, you would get this crisis of confidence from the other banks that are all linked to Deutsche Bank and this daisy chain of counter-party risk, and we are right back to where we were in 2008. Yes, some type of reset is coming because, ultimately, the debt is unserviceable. The debt grows so fast you cannot print enough money to service all your existing obligations, especially when the economy starts to collapse and you get another recession.”
    –
    Hemke warns that many people own the same ounce of gold held at big banks and don’t know it. Hemke explains, “It’s sort of like the people who show up at the Bailey Building and Loan on George’s wedding day (It’s a Wonderful Life). As long as nobody is making a run for it, and everybody knows your money is invested in Bob’s house and your money is invested in Mary’s house, as long as nobody wants their money right away, George Bailey can run a fractional reserve system like that. It’s only when somebody shows up and says I want my 1,000 ounces of gold, now. I want my metric ton, now. That’s when this whole bullion bank system collapses. Suddenly, we get a realization where land trades directly, dollars for the asset. Art trades directly, dollars for the asset. Gold and silver are going to trade that way as well.”
    –
    read more.

end

Post navigation

Previous Post:

EU ON THE BRINK: Merkel Migration Distraction Could Plunge Brussels into ‘TURBULENT TIMES’

Next Post:

“Space Force” Is The Start Of Trump Declassifying The US Secret Space Program

Pages

  • About

Recent Posts

  • (Alert!) MAXIMUM SATURATION CONDITION WORSENING… VERY IMPORTANT UPDATES. Mannarino
  • ⚡ALERT: Massive Blackout in Russia, Doomsday Plane Airborne in Black Sea! “Flashes in Sky” Seen
  • Treasury Market Liquidity Could Spark Derivatives Chaos.
  • Cancers Appearing In Ways Never Before Seen After COx-VID Vwacxinations: Dr. Harvey Risch
  • 101st And 82nd Airborne Division Soldiers Deploying to Eastern Europe
  • Rafi Farber: Bond Markets Are Flying Apart, Is The Next Dollar Crisis Upon Us?
  • Ed Dowd Makes Chilling Prediction on How the COVID Conspirators Will Cover Up Their Crimes
  • Somebody is Still Trying to Kill You, Don’t Let Them – Catherine Austin Fitts
  • Lavrov Rules out Ceasefire, Hints Offensive, Battlefield Victory; Poles Decline Meeting Zelensky
  • Ukraine Recap: Russia Says ‘Let’s Decide It on the Battlefield’ || U.S. is ‘Directly at War’ with Moscow, Russian Foreign Minister Lavrov Says
  • “They Will Have To Leave Or Be Killed” Armenia REVOLUTION Unfolds, Calls for New Government
  • How to Survive the Controlled Demolition of the British Pound.
  • Global Banking Cartel That Prints Trillions Of Dollars (Exposed)
  • US Spy Plane To Storm Shadow Missile: West Plays Big Role In Attack On Putin’s Black Sea Naval HQ
  • Stunning! U.S. Intel Insiders Admit To Russia’s ‘Victory’, Claims ‘Ukraine Has Lost…’ | Report
  • “Empire Of Lies…” Lavrov Slams West’s “Direct War” On Russia, Rejects Ukraine Grain Deal Proposal
  • Will There Be a Massive Surge in Mortality from Covid?
  • Russia Has Officially Deployed the RS-28 Sarmat ICBM
  • Oh SH*T, NATO Just Crossed the Line And Putin Knows It | Morris Invest
  • EU President Drops BOMBSHELL on Farmers in Europe | Redacted w Natali and Clayton Morris

Archives

  • September 2023
  • August 2023
  • July 2023
  • June 2023
  • May 2023
  • April 2023
  • March 2023
  • February 2023
  • January 2023
  • December 2022
  • November 2022
  • October 2022
  • September 2022
  • August 2022
  • July 2022
  • June 2022
  • May 2022
  • April 2022
  • March 2022
  • February 2022
  • January 2022
  • December 2021
  • November 2021
  • October 2021
  • September 2021
  • August 2021
  • July 2021
  • June 2021
  • May 2021
  • April 2021
  • March 2021
  • February 2021
  • January 2021
  • December 2020
  • November 2020
  • October 2020
  • September 2020
  • August 2020
  • July 2020
  • June 2020
  • May 2020
  • April 2020
  • March 2020
  • February 2020
  • January 2020
  • December 2019
  • November 2019
  • October 2019
  • September 2019
  • August 2019
  • July 2019
  • June 2019
  • May 2019
  • April 2019
  • March 2019
  • February 2019
  • January 2019
  • December 2018
  • November 2018
  • October 2018
  • September 2018
  • August 2018
  • July 2018
  • June 2018
  • May 2018
  • April 2018
  • March 2018
  • February 2018
  • January 2018
  • December 2017
  • November 2017
  • October 2017
  • September 2017
  • August 2017
  • July 2017
  • June 2017
  • May 2017
  • April 2017
  • March 2017
  • February 2017
  • January 2017
  • December 2016
  • November 2016
  • October 2016
  • September 2016
  • August 2016
  • July 2016
  • June 2016
  • May 2016
  • April 2016
  • March 2016
  • February 2016
  • January 2016
  • December 2015
  • November 2015
  • October 2015
  • September 2015
  • August 2015
  • July 2015
  • June 2015
  • May 2015
  • April 2015
  • March 2015
  • February 2015
  • January 2015
  • December 2014
  • November 2014
  • October 2014
  • September 2014
  • August 2014
  • July 2014
  • June 2014
  • May 2014
  • April 2014
  • March 2014
  • February 2014
  • January 2014
  • December 2013
  • November 2013
  • October 2013
  • September 2013
  • August 2013
  • July 2013
  • June 2013
  • May 2013
  • April 2013
  • March 2013
  • February 2013
  • January 2013
  • December 2012
  • November 2012
  • October 2012
  • September 2012
  • August 2012
  • July 2012
  • June 2012
  • May 2012
  • April 2012
  • March 2012
  • February 2012
  • January 2012
  • December 2011
  • October 2011
  • September 2011
  • August 2011
  • July 2011
  • June 2011
  • May 2011

Categories

  • Disaster
  • Economics
  • Endtimes
  • Geo-Politics
  • History
  • Medicine & Health
  • Satire
  • Science & Technology
  • Social Trends
  • Uncategorized

Meta

  • Log in
  • Entries RSS
  • Comments RSS
  • WordPress.org
June 2018
M T W T F S S
« May   Jul »
 123
45678910
11121314151617
18192021222324
252627282930  
© 2023 Socio-Economics History Blog | WordPress Theme by Superbthemes