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And there appeared another wonder in heaven; and behold a great red dragon, having seven heads and ten horns, and seven crowns upon his heads.
And I stood upon the sand of the sea, and saw a beast rise up out of the sea, having seven heads and ten horns, and upon his horns ten crowns, and upon his heads the name of blasphemy.
So again, I'll say it, I believe the governments of the world will attempt to get the public to believe they are going to do everything possible to fix the situation. The reality is letting people die off is good for the economy, good for business, and good for the government. I see them doing a controlled burn of the population so to speak, simply because they can, and it benefits them
However, he believes this time that calls for a stock-market and bond-market implosion and a collapse of the U.S. dollar DXY+0.23% are more likely than ever.
“We are going to have a collapse of the bond market and the financial crisis that’s coming will be much worse than the one we had in 2008,” he said. The bond market wasn’t quite collapsing on Tuesday but the 10-year Treasury note did establish a fresh historic low yield beneath 1%, while the U.S. dollar, as measured by the ICE U.S. Dollar Index, has fallen 1% this week and gold GCJ20-0.31% Schiff’s favorite asset, has gained 4.4% over the same period.