Multi-Billionaire Hugo Salinas Price: We Are On The Verge Of A Worldwide Monetary Revolution That Will Bring The US To Its Knees

https://kingworldnews.com/multi-billionaire-hugo-salinas-price-we-are-on-the-verge-of-a-worldwide-monetary-revolution/

Obamacare On "Verge Of Collapse" As Premiums Set To Soar Again In 2017

http://www.zerohedge.com/news/2016-08-11/obamacare-verge-collapse-premiums-set-soar-again-2017

DANGER: The World Is Now On The Verge Of The Largest Destruction Of Wealth In History

http://kingworldnews.com/danger-the-world-is-now-on-the-verge-of-the-largest-destruction-of-wealth-in-history/

WARNING: Western Central Banks Are Now On The Verge Of Losing Control

This daily update by Art Cashin doesn't say much, except for the brief quote by Peter Boockvar.

http://kingworldnews.com/warning-western-central-banks-are-now-on-the-verge-of-losing-control/

I’ve said this before but I’m sorry, I need to say it again. What we are witnessing in global markets is the inherent contradiction writ large that is modern day monetary policy where dangerously ZIRP, NIRP and QE are considered conventional policies. The contradiction is simply this: the desire for higher inflation if fulfilled will result in higher interest rates that central banks are trying so hard and desperately to suppress.

Outside of the short end of the curve, markets will always win for better or worse and that is clearly evident now. The ECB is getting their first taste of the market talking back and in quite the violent way. In the US, the bond market is watching the Fed drag its feet (its never-ending) with wanting to raise interest rates and finally said enough is enough. The US Treasury market is tightening for them. Since mid April, the 5 yr note yield is higher by 40 bps, the 10 yr is up by 55 bps and the 30 yr yield is up by 65 bps. 

The Fed now has two choices, raise rates in June or July and get back some control or don’t and lose it further. Bigger picture, IF the rise in rates continues around the world in coming quarters and it starts to impact global growth, central banks will then reach its next decision, whether to fight the rise with more QE or to just let markets normalize on their own. For US equities, I don’t think they should be so nonchalant with what is going on in bonds as extremely low interest rates have been their best friend over the years.

London Gold Pool II On The Verge Of Collapse As Panic Nears

http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2014/11/24_London_Gold_Pool_II_On_The_Verge_Of_Collapse_As_Panic_Nears.html

We Are Now On The Verge Of A Historic Meltdown & Collapse

http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2013/8/20_We_Are_Now_On_The_Verge_Of_A_Historic_Meltdown_%26_Collapse.html

Global Markets Now On The Verge Of Total Panic & Meltdown

http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2013/7/7_Global_Markets_Now_On_The_Verge_Of_Total_Panic_%26_Meltdown.html

What happened on Friday certainly suggests that something major could be just around the corner.  It is well known that a rise in interest rates beyond certain levels will lay naked the insolvency of governments around the world.

While we certainly do not relish the chaos that would result from a meltdown of the bond market, it will not come as a shock to those who have studied financial history.  It is always the result of the fiscal and monetary policies which have been irresponsibly pursued, whether well-intended or not.

There are no examples in history of any paper currency not culminating in a violent collapse.  None.  It has been tried by all of our ancestors throughout human history.  All examples resulted in failure.  The lesson never learned is that humans cannot be trusted with the ability to create money out out thin air.  The list of those who have come before us include the Mongols, Chinese, French, Germans, Romans, Hungarians, etc.  It is not about a particular culture or a period in time.  It just does not work.

If the carnage in the bond market continues next week, we could finally be at that moment where the system reacts chaotically and violently.  It is sad, but it is the predictable end to the financial path that was chosen in the mid-1960s.

For those who are dispirited by the action in the energy and precious metals markets, a true panic out of financial assets into so-called real assets will cause those markets to skyrocket when denominated in fiat currency.  Today was a warning that this moment might finally be at hand.

Are We On The Verge Of Witnessing The Death Of The Paper Gold Scam?

http://theeconomiccollapseblog.com/archives/are-we-on-the-verge-of-witnessing-the-death-of-the-paper-gold-scam

Haynes - We’re On The Verge Of Major Gold & Silver Shortages

http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2013/4/13_Haynes_-_Were_On_The_Verge_Of_Major_Gold_%26_Silver_Shortages.html

Soros: “Financial System Remains Extremely Vulnerable… We Are On The Verge Of An Economic Collapse”

http://www.zerohedge.com/article/soros-%E2%80%9Cfinancial-system-remains-extremely-vulnerable%E2%80%A6-we-are-verge-economic-collapse%E2%80%9D