Something That We Have Been Waiting For Just Happened (It Is A Really Bad Sign) – Silver Doctors

There was loads of speak lately about “the demise of the greenback”, however the reality is…

by Michael Snyder of The Financial Collapse Weblog

There was loads of speak lately about “the demise of the greenback”, however the reality is that the euro is in far greater bother.  Inflation within the eurozone has risen to really scary ranges, and the struggle in Ukraine threatens to plunge the main economies of Europe into a really deep recession.  Russia holds the important thing, as a result of if Russia fully cuts off the move of pure fuel to Europe it actually will trigger an unprecedented financial nightmare.  Even now, power costs in Europe have already soared to completely insane ranges, and the Russians might make issues a lot, a lot worse with a single choice.  The Europeans ought to have by no means allowed themselves to change into so depending on Russian power, and now they discover themselves caught between a rock and a tough place.

So with all the things that has been happening, it shouldn’t be any shock that the euro has been steadily falling.

In actual fact, on Tuesday the euro reached parity with the greenback for the very first time since 2002…

The euro hit parity with the U.S. greenback on Tuesday for the primary time in 20 years, that means that the currencies have the identical price.

The euro fell to $0.9998 in opposition to the greenback, it’s lowest stage since December 2002, because the euro zone’s power provide disaster and financial woes proceed to depress the widespread foreign money.

For years, I’ve been warning that the euro would finally fall so low that it could be at parity with the greenback, and now that day has arrived.

And I’ve additionally been warning that such an occasion can be a very dangerous signal for Europe, as a result of I all the time felt that hitting parity with the greenback can be a sign {that a} collapse of the European economic system had begun.

Within the short-term, everybody goes to be awaiting what Russia does subsequent.  On Monday, the Nord Stream 1 pipeline was shut down for a often scheduled 10 day interval of upkeep…

Fears of a recession have grown in latest weeks attributable to rising uncertainty over the bloc’s power provide, with Russia threatening to additional cut back fuel flows to Germany and the broader continent.

Russia briefly suspended fuel deliveries by way of the Nord Stream 1 pipeline on Monday for annual summer season upkeep works. The pipeline is Europe’s single greatest piece of fuel import infrastructure, carrying round 55 billion cubic meters of fuel per 12 months from Russia to Germany by way of the Baltic Sea.

Many analysts within the western world are tremendously involved about what’s going to occur if the Russians don’t flip the fuel again on when the ten day upkeep interval is over.

If it doesn’t get turned again on, we’re being warned that Europe might truly be dealing with a “doomsday situation”…

As such, DB’s Jim Reid stated that July 22, the day fuel is meant to come back again on-line, may very well be a very powerful day of the 12 months: “whereas all of us spend most of our market time occupied with the Fed and a recession, I think what occurs to Russian fuel in H2 is probably an excellent greater story. After all by July twenty second elements could have be discovered and the availability would possibly begin to normalize. Anybody who tells you they know what’s going to occur right here is guessing however as minimal it ought to be an enormous focus for everybody in markets.”

Quick ahead to at the moment when, at some point after the beginning of the scheduled 10-day shutdown interval which has already despatched flows by way of to NS 1 pipeline to principally zero…

… and the market is now specializing in the worst case situation: what occurs if Russia cuts off all fuel on July 22, the day even Bloomberg has now dubbed Europe’s “doomsday situation.”

So let’s watch and see what occurs on July twenty second.

If the Russians determine that it’s time to fully minimize off the fuel, European monetary markets will go fully haywire.

After all power costs in Europe have already gone fully nuts, and authorities in Germany are getting ready to make use of “sports activities arenas and exhibition halls as ‘heat up areas’ this winter”…

Cities throughout Germany are planning to make use of sports activities arenas and exhibition halls as ‘heat up areas’ this winter to assist freezing residents who’re unable to afford skyrocketing power prices.

Bild newspaper reveals how the the nation’s Cities and Municipalities Affiliation has urged native authorities to put aside public areas to assist weak residents within the colder months.

This isn’t how issues had been purported to play out.

The “inexperienced power revolution” was purported to have completely reworked Europe by now.

However that hasn’t occurred and it isn’t going to occur.

On the opposite aspect of the Atlantic, we proceed to get extra indicators that the U.S. economic system is headed for critical bother as effectively.  For instance, we simply realized that house sale cancellations have risen to the best stage for the reason that early days of the COVID pandemic…

Roughly 600,000 house buy agreements fell by way of in June, in line with a brand new evaluation by Redfin.

The determine is equal to 14.9% of houses that went below contract through the month, a rise from 12.7% in Could and 11.2% a 12 months in the past.

And because the best housing bubble in our whole historical past begins to implode, firms within the business proceed to put off extra staff…

One other lender is resorting to layoffs because the mortgage market shrivels.

Tucked in close to the top of a marketing strategy launched Tuesday morning, loanDepot introduced it could shed 4,800 folks, or 42 p.c of its workforce.

About 2,800 of them have already been despatched packing because the agency slashes headcount to six,500 from 11,300.

The final housing crash was actually painful, and this one goes to be much more bitter.

In the meantime, the Biden administration is warning that we’re about to see one other big inflation quantity…

White Home press secretary Karine Jean-Pierre Monday stated the administration expects a excessive inflation quantity when the brand new Client Worth Index (CPI) is launched Wednesday, however downplayed any fault of President Biden within the matter.

“On Wednesday, we’ve got new CPI and inflation knowledge, and we count on the headline quantity, which incorporates fuel and meals, to be extremely elevated, primarily as a result of fuel costs had been so elevated in June,” Jean-Pierre stated. “Fuel and meals costs proceed to be closely impacted by the struggle in Ukraine.”

The Biden administration has misplaced management, and Joe Biden’s approval scores proceed to sink to horrifying new lows.

The Federal Reserve has misplaced management as effectively, and if Fed officers proceed to boost rates of interest they will tremendously speed up this new financial downturn.

If you’re ready for our leaders to rescue us from the financial nightmare that’s now staring us within the face, you’re going to be tremendously dissatisfied.

The good “unraveling” that I’ve warned about for thus lengthy is right here, and it will be exceedingly disagreeable.

I hope that you’re doing all your greatest to get ready for the street that’s forward, as a result of we’re in for a very bumpy journey.

***It’s lastly right here! Michael’s new e-book entitled “7 Yr Apocalypse” is now obtainable in paperback and for the Kindle on Amazon.***

In regards to the Creator: My identify is Michael and my model new e-book entitled “7 Yr Apocalypse” is now obtainable on  Along with my new e-book I’ve written 5 different books which might be obtainable on together with  “Misplaced Prophecies Of The Future Of America”, “The Starting Of The Finish”, “Get Ready Now”, and “Residing A Life That Actually Issues”. (#CommissionsEarned)  If you buy any of those books you assist to assist the work that I’m doing, and a technique that you would be able to actually assistance is by sending digital copies as items by way of Amazon to household and buddies.  Time is brief, and I need assistance getting these warnings into the fingers of as many individuals as potential.  I’ve revealed hundreds of articles on The Financial Collapse Weblog, Finish Of The American Dream and The Most Essential Information, and the articles that I publish on these websites are republished on dozens of different distinguished web sites all around the globe.  I all the time freely and fortunately enable others to republish my articles on their very own web sites, however I additionally ask that they embrace this “In regards to the Creator” part with every article.  The fabric contained on this article is for normal info functions solely, and readers ought to seek the advice of licensed professionals earlier than making any authorized, enterprise, monetary or well being choices.  I encourage you to comply with me on social media on Fb and Twitter, and any manner that you would be able to share these articles with others is a superb assist.  These are such troubled occasions, and other people want hope.  John 3:16 tells us concerning the hope that God has given us by way of Jesus Christ: “For God so cherished the world, that he gave his solely begotten Son, that whosoever believeth in him mustn’t perish, however have eternal life.”  In case you have not already performed so, I strongly urge you to ask Jesus to be your Lord and Savior at the moment.