Economic Collapse Happening Now


USAWatchDog

Economic Collapse Happening Now – Rob Kirby

By Greg Hunter’s USAWatchdog.com (Early Sunday Release)

Macroeconomic analyst Rob Kirby’s predictions of a downward spiraling economy are coming true. Kirby contends, “I think the last time we spoke, it was in early December. I suggested that a window was opening where we were very likely to see some systemic breakdowns in our financial universe to likely start occurring. Low and behold, it looks like we are seeing the beginnings of exactly what we were speaking of. The reason why we are beginning to see these things start to unfold now is that everything we’ve been told by our financial elites . . . has basically been a lie or a false flag or fraudulent.”

One of the many lies Kirby points out is the Fed’s recent rate hike because the economy had improved. Kirby disagrees and says, “My analysis says nothing could be further from the truth. . . . U.S. dollar reserve holdings have dropped close to $1 trillion in the last eight or nine months, and that’s on a global scale. What happens when reserves drop means that foreigners have been selling U.S. government securities. They are abandoning the dollar, and if foreigners are abandoning the dollar, the question is who’s buying them? The answer to who is buying the reserves is the U.S. Treasury itself. Specifically, it is the Exchange Stabilization Fund (ESF) within the U.S. Treasury.”

Kirby goes on to explain, “Because the ESF is buying all these Treasuries that foreign countries are pitching . . . with off-book money these Treasuries do not show up in reserve accounts. This creates a real dichotomy. You’ve got these global U.S. dollar (USD) reserves dropping, but you have this illusion or gimmickry of a strong dollar. Remember, the dollar has been strengthening for the last 9 months. The dollar can’t keep getting stronger if the world is bailing on dollars. The drop in the USD reserves doesn’t support the narrative of a strong dollar. So, something had to be done to put reserves back into the system. . . . The Fed had to give the illusion of tightening and tighten once. . . . This is their attempt . . . to make their narrative sound believable that the dollar is strong and the world isn’t abandoning U.S. government securities.”

Kirby contends that a collapse isn’t coming but is “already happening now.” Kirby explains, “I believe we are in the process.” How has this financial collapse been put off so long? Kirby says, “I have been known as a conspiracy theorist, a tin foil hat wearing conspiracy theorist for the last ten years of my life because I said the markets are rigged. Now, a former Fed President has come out and said ‘yes, we rigged the markets.’ So, how are you left? Of course, they have rigged the markets, and the sad thing is the rigging is going to get more extreme because these people are acting and operating like cornered rats. Cornered rats are very, very dangerous animals and can inflict a lot of damage. . . ”

On physical gold and silver supplies, Kirby says, “Gold and silver are not as loved here as in the Asian countries. It’s relatively more plentiful here, but that can all change in a very short period of time. At some point, the available stocks in the West will disappear, and when they start to disappear, it will seem like a bolt of lightning coming out of the clear blue sky because they will be gone in no time.”

What is Kirby’s prediction for the price of gold and silver by the end of 2016? Kirby boldly says, “I think it could be many multiples of the price right now.” What do Kirby’s billionaire contact say? Kirby reports, “They say they think we are very close to the end. I don’t want to see the end because it’s not going to be a happy day, not for me, not for you—not anyone. It’s going to change the way we live–dramatically. . . . The rate of these seizures in the equity markets are likely to quicken and intensify. Future rate hikes are off the table.”

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