On the heels of crude oil plunging 5%, this is how dangerous the situation has now become for the global financial system.

Inflation is surging in the United States, but take a look at the world’s highest and lowest inflation countries in 2017 (see chart below).

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But here is what is really troubling: Look at the balance sheets of the Federal Reserve, Eurosystem, Bank of Japan, and Bank of England (see stunning charts below):

Central Bank Balance Sheets

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Here is a look at Private Debt/GDP.  The U.S. doesn’t look that bad compared to Japan, Europe, and China (see chart below).

China’s Private Debt Is A Growing Concern

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King World News has been warning for many weeks about the all-time high record commercial short positions in crude oil and the total energy markets…


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Well, the price of crude oil cratered 5% on Wednesday.  Along with crude oil, the Canadian currency also tumbled.  The chart below helps explain the plunge in the Canadian currency as it relates to crude oil and energy markets (see chart below).

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In terms of the big picture, bloated central bank balance sheets, high levels of debt, and surging inflation, will all be good for gold and silver once the current correction ends.  For now, it’s a waiting game as investors in the metals need to exercise patience as the wind is at their back medium- to long-term.

***KWN has just released the powerful audio interview with Rick Rule CLICK HERE OR ON THE IMAGE BELOW.

***ALSO JUST RELEASED: We Are Seeing A Mini-Panic In The Gold Market Right Now CLICK HERE.

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***KWN has released the remarkable audio interview with former U.S. Treasury official Dr. Paul Craig Roberts CLICK HERE OR ON THE IMAGE BELOW.

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