I have been bloviating for more than a year now that the canary in the coal mine is the collapse of the ECB. I am starting to wonder if we are close to that collapse.
One way you can tell if we are close, is to watch the Euros moving from Europe to our collective stock markets. This is in part why our stock market was up at the beginning of this year. Currently it is correcting and it is a great time for Americans and Europeans to buy on the down swing, hoping to at least hold the value of ones money or maybe even make a profit.
This morning I started to look for articles speaking to the collapse of the ECB. I have not been able to find any. Either the ECB is good and not worth reporting on or, the time is closer than we think and nobody is reporting it. Yes
Bottom-line, watch the market. If it goes up for no reason, that is Europeans moving money to here. Remember, the US$ is the best horse in the glue factory.
I will leave you with this thought...
The Fed Chairman Jerome Powell, is the little Dutch boy who has his finger in the dike of the collapse. The collapse that the WEF/Davos Crowd desperately wants, to remake the world. The
Fabian vision of the world.
I read all the rending of clothes and pulling out of hair by the media because of what Powell is doing by raising interest rates. He is doing this to try to save the US$. Powell may be our financial Don Quixote. He may win this battle with the Davos crowd or he may not however, he is trying.
In the coming months, watch how the media starts to beat him up. Remember, he is the little Dutch boy with his finger in the dike.
Stay tuned,
