Sunday, November 29, 2015

One of three major black swans could trigger dollar collapse

In this month’s commentary from the Hat Trick Newsletter, Dr. Jim Willie reveals three potential black swans on the near horizon that could trigger a collapse of the dollar, and even the entire Western banking system.
Nearly all three are tied in some fashion to the price of oil, and the derivatives that are tied to these contracts which are held by most of the major Western banks.  In addition, the decline of economic activity and subsequent recessions in emerging markets have the potential as well to expand the globe’s current deflationary environment, and usher in any number of defaults that range between $6 and $11 trillion.


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