Today one of the greats in the business warned, “Don’t forget that what’s happening is the purchasing power of our paper currencies in the West is collapsing.”

Chinese Shipping Crisis Set To Increase Inflation Even Further
April 23 (King World News) – 
Alasdair Macleod:  If you look at Germany, the Producer Price Index rose at over 30%. Now that’s a major economy and a major manufacturing economy. 
You’ve also got China effectively shut down, so you’ve got more supply chain disruptions. The ships queuing in Shanghai, someone mentioned to me a figure like 500. And I looked at one of these apps where you can see what the shipping is actually doing, and it’s wall to wall ships. They are all at anchor.

So the idea of 3% yields on the US 10-Year Treasuries, that’s nowhere near where it should be. By summer we’re going to see the yield on that rise to 5%, 6%, 7%, I don’t know. But this is completely wrong. And that’s going to undermine the equity markets. And that’s going to make people think, ‘We’ve got to get out of financial assets in the wider sense.’

Banking Worries And Collapsing Currencies
And look at the banks. I noticed today that the US banks have had a really bad day — State Street down 4%. Morgan Stanley down 4.7%. These are major banks. These banks, actually, are the least risky in the world, which is extraordinary.

And you can see the Russian sanctions backfiring on the West. Inflation is the story. Don’t forget that what’s happening is the purchasing power of our paper currencies in the West is collapsing…to continue listening to Alasdair Macleod discuss collapse in the West and the fact that Asia wants to escape the collapse by backing their currencies with commodities, including gold as well as what this will mean for the price of gold CLICK HERE OR ON THE IMAGE BELOW.

© 2022 by King World News®. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed.  However, linking directly to the articles is permitted and encouraged.