from King World News
It appears that the point of no return has been reached.
August 27 (King World News) – Greggory Mannarino, writing for the Trends Journal: Let’s just start off with this… The debt spiral can’t be undone. With that, “the system” can only live by devouring itself faster.
The last trick is played and now comes the reckoning.
This is what’s happening:
We now have a rapidly worsening, circular, financing Doom Loop in progress.
The Treasury issues new debt, the Fed backstops the funding. The Treasury then buys back older debt to smooth the market… and repeat.
