It’s not just in Australia…
Stan Szymanski (or Encouraging Angels) is not a medical doctor. This is not medical advice. In all matters pertaining to the health and care of a human being consult a medical doctor. This is not legal, financial or personal advice. Consult appropriate professionals in those fields for that type of advice.
https://usawatchdog.com/inflation-75-year-high-unemployment-24-john-williams/
Stan Szymanski (or Encouraging Angels) is not a medical doctor. This is not medical advice. In all matters pertaining to the health and care of a human being consult a medical doctor. This is not legal, financial or personal advice. Consult appropriate professionals in those fields for that type of advice.
Image credit: YouTube via https://www.smalljoys.tv/colonoscopy-doctors-what-to-say/
By Stan Szymanski
The Japanese 10 Year Government Bond became the Japanese ‘benchmark’ security in 1999.
What Is a Benchmark Bond?
A benchmark bond is a bond that provides a standard against which the performance of other bonds can be measured. Government bonds are almost always used as benchmark bonds such as on-the-run U.S. Treasuries. (Investopedia)
Or in the case of Japan, the 10 year JGB. And the JGB has not traded now for 3 DAYS.
Benchmark bonds are typically also what influences rates of other debt instruments in an economy such as credit cards and mortgages.
…"Japan's 10-year bonds have gotten expensive because yields on other notes have risen. No one is interested in trading such bonds," said Kazuhiko Sano, chief strategist at Tokai Tokyo Securities.
"The market in a very unusual situation." (Reuters via Yahoo Sports)…
In other words, the rest of the world is constantly repricing assets (these days, typically lower) given the terrible influence that inflation has imposed on the markets.
Up until now, Japan has maintained abnormally low interest rates through the monetization of their debt market via the Japanese government buying their own bonds.
…‘The BOJ has been spending trillions of yen to hold the ceiling on the 10-year Japanese government bond yield as it keeps an ultra-low rate policy to support the economy, going against the global tide of tightening to contain inflation.’… (Reuters via Yahoo Sports)
That brings us to today. What does it mean that the Japanese Government 10 year bonds have not traded for 3 days? The Government of Japan has literally had its head ‘up its anatomy’. Or to co-opt/paraphrase a novel saying of author, moviemaker, and Godly news purveyor Steve Quayle during the past week-the Japanese government are …’experiencing an eyewitness view to a colonoscopy’…
I believe that the Japanese have hit a point where no one wants to buy their ridiculously and unnaturally high priced bonds. The rest of the financial world is living in some semblance of reality and is experiencing the painful reality of lower prices for their securities. The emperors of the financial markets in Japan have just been told through the lower pricing of securities (bonds) elsewhere in the world that the emperor has no clothes.
I believe that when the JGB 10 Year eventually starts trading again, there will be a shock to that bonds’ price to substantially lower it which will cause reverberating subsequent shocks throughout Japan in its markets and its populace.
What effect will this have in the rest of the world? We will have to see just how profound the consequences are but Americas’ strongest ally in the East is clearly weakening. Japanese vehicle manufacturers Toyota, Nissan and Honda have all recently pulled out of Russia. This is a collective loss of billions of dollars. Toyota alone sold 110,000 vehicles in Putin’s country last year.
During the market crash of 1987 market makers for some stocks simply walked away from their telephones; there was a de facto absence of a market for certain securities. Today is the third day with the absence of a market for JGB 10 year bonds.
During the last two weeks the problem was in the British bond market. Now it is Japan. Who’s next? Just how close is a global crash or even a collapse?
———-
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All rights reserved.
Stan Szymanski (or Encouraging Angels) is not a medical doctor. This is not medical advice. In all matters pertaining to the health and care of a human being consult a medical doctor. This is not legal, financial or personal advice. Consult appropriate professionals in those fields for that type of advice.
https://euroweeklynews.com/2022/10/08/russia-state-duma-explosion-crimean-bridge-declaration-of-war/
Stan Szymanski (or Encouraging Angels) is not a medical doctor. This is not medical advice. In all matters pertaining to the health and care of a human being consult a medical doctor. This is not legal, financial or personal advice. Consult appropriate professionals in those fields for that type of advice
Stan Szymanski (or Encouraging Angels) is not a medical doctor. This is not medical advice. In all matters pertaining to the health and care of a human being consult a medical doctor. This is not legal, financial or personal advice. Consult appropriate professionals in those fields for that type of advice
https://freewestmedia.com/2022/10/05/unvaccinated-are-the-best-of-mankind/
Stan Szymanski (or Encouraging Angels) is not a medical doctor. This is not medical advice. In all matters pertaining to the health and care of a human being consult a medical doctor. This is not legal, financial or personal advice. Consult appropriate professionals in those fields for that type of advice.
Our 1st EA podcast is in the can..we have encountered a technical problem...waiting for tech help..will post when it is available.
Stan Szymanski (or Encouraging Angels) is not a medical doctor. This is not medical advice. In all matters pertaining to the health and care of a human being consult a medical doctor. This is not legal, financial or personal advice. Consult appropriate professionals in those fields for that type of advice.
https://www.judicialwatch.org/covid-19-vaccine-campaign/
Stan Szymanski (or Encouraging Angels) is not a medical doctor. This is not medical advice. In all matters pertaining to the health and care of a human being consult a medical doctor. This is not legal, financial or personal advice. Consult appropriate professionals in those fields for that type of advice
https://newspunch.com/u-s-buys-290m-worth-of-anti-radiation-drugs-amid-nuclear-war-fears/
Stan Szymanski (or Encouraging Angels) is not a medical doctor. This is not medical advice. In all matters pertaining to the health and care of a human being consult a medical doctor. This is not legal, financial or personal advice. Consult appropriate professionals in those fields for that type of advice
5 pastors I know denied knowing about The Clergy Response Teams. They KNOW what is going on. The silence in the American Church is REAL.
Stan Szymanski (or Encouraging Angels) is not a medical doctor. This is not medical advice. In all matters pertaining to the health and care of a human being consult a medical doctor. This is not legal, financial or personal advice. Consult appropriate professionals in those fields for that type of advice
https://www.sprottmoney.com/blog/We-Remain-on-Crash-Warning-October-04-2022
Stan Szymanski (or Encouraging Angels) is not a medical doctor. This is not medical advice. In all matters pertaining to the health and care of a human being consult a medical doctor. This is not legal, financial or personal advice. Consult appropriate professionals in those fields for that type of advice
After tens of thousands of -admitted- deaths due to the jab..after tens of thousands of permanent disabilities due the the ‘vax’ and millions of adverse events reported.. will you eat the product tampered with by this ‘medicine’?
https://www.truth11.com/they-are-giving-cows/
Stan Szymanski (or Encouraging Angels) is not a medical doctor. This is not medical advice. In all matters pertaining to the health and care of a human being consult a medical doctor. This is not legal, financial or personal advice. Consult appropriate professionals in those fields for that type of advice
Stan Szymanski (or Encouraging Angels) is not a medical doctor. This is not medical advice. In all matters pertaining to the health and care of a human being consult a medical doctor. This is not legal, financial or personal advice. Consult appropriate professionals in those fields for that type of advice
Every once in a while here at the EA blog, I need to be clear about why we post stories about finance, when we do. I post them because it affects the disabled, the special needs and their caregivers too. Right now those who control the finances that affect those they care for can have the opportunity to make good decisions to benefit those whom they have charge over.
Will the caregivers be able to afford food next year if inflation keeps going higher? Will the meds that the affected need still be in their price range? Will they be able to stay in the housing arrangement that they are accustomed to-complete with direct service professionals who help with the activities of daily living?
In many cases, their banker is not helping them with important information. Neither is their stockbroker. Neither is their overly vocal in-law. Does the state who mandates their level of care have any help ? During this time of worldwide upheaval, financial chaos and personal questions, EA is trying to provide original, novel and different information for your consideration. This is not financial advice nor a recommendation. This is not medical advice. This is not any kind of advice-personal or otherwise. In all matters, please consider a professional in the field of your question or interest.
Here is something new from ‘Rich Dad, Poor Dad’ Robert Kyosaki:
Stan Szymanski (or Encouraging Angels) is not a medical doctor. This is not medical advice. In all matters pertaining to the health and care of a human being consult a medical doctor. This is not legal, financial or personal advice. Consult appropriate professionals in those fields for that type of advice
War drums are beating…if you are a caregiver of the disabled, are you prepared to handle a complete break in social services, the ability to buy groceries or even get meds for the one you care for? Consider.
https://www.dailystar.co.uk/news/world-news/breaking-japan-orders-citizens-take-28146619
Stan Szymanski (or Encouraging Angels) is not a medical doctor. This is not medical advice. In all matters pertaining to the health and care of a human being consult a medical doctor. This is not legal, financial or personal advice. Consult appropriate professionals in those fields for that type of advice
By Stan Szymanski
Fixed income markets in the UK were in the midst of a horrific sell off last week, the likes of which has not been seen in over 60 years when the Bank of England stepped in and began a program of temporarily buying long dated bonds in order to tranquilize and steady the disarray ushered in by the new ‘mini-budget’ by Liz Truss’ government.
This buying of bonds by the ‘empire’ of King Charles III halted a blood bath in the bond market, at least for a time. The UK economy is all but a basket case that serves as an indicator as well as a distraction to another ‘canary in the coal mine’-Credit Suisse.
Spreads on the Credit Default Swaps (CDS) of Credit Suisse rose 6 basis points (bps) to 247 bps, the highest level in at least 10 years according to S&P Global Market Intelligence data (10 years ago the markets were still felling the ripples of ‘The Great Recession’). The CDS of the company began the year with a spread of just 57 bps. The widening of the spread in the security indicates a lowering of the creditworthiness and even the greater the possibility of a default of the concern.
Credit Suisse ran into trouble over the last two years when it lent money to Greensill, a supply chain accounts receivable lender who bankrupted in 2021 after CS had invested $10 billion of client assets. Shortly thereafter the trouble multiplied when Credit Suisse invested $30 billion with manager Bill Hwuang of Archegos, who had bet heavily on ViacomCBS. When ViacomCBS cratered, Archegos also bankrupted when it could not cover the losses incurred, resulting in a $5 billion loss for Credit Suisse. These catastrophic failures left Credit Suisse holding the bag.
Late last week the CEO of Credit Suisse Ulrich Koerner opined in a memo to his company that CS has sturdy credit and solvency.
…"I know it's not easy to remain focused amid the many stories you read in the media – in particular, given the many factually inaccurate statements being made. That said, I trust that you are not confusing our day-to-day stock price performance with the strong capital base and liquidity position of the bank," he wrote, adding that he was unable to share details of transformation plans before Oct. 27.’…
Note Mr. Koerner’s emphasis on ‘the strong capital base and liquidity position of the bank’. The only people who feel the need to tell everyone how strong that they are usually in an inherently weak position.
Executives of financial institutions in trouble have played this song for us before.
Former Lehman Brothers CFO Ian Lowett 5 days before the firm filed for bankruptcy:
…‘Our capital position at the moment is strong’…
5 days later the firm is insolvent and filing bankruptcy. Now, I am not claiming to know the true nature of the problems at Credit Suisse, but when current statements start to rhyme with disastrous events of days gone by, I can’t help but to think that we have have heard this tune before.
In that light of this, you need to do the best you can to protect your assets by considering investing in precious metals, tangible assets as well as food and water amongst other things. This is not financial advice. Consult your financial advisor.
In the midst of falling global asset values, raging inflation and world economies rolling over, in my humble opinion, I believe that ‘the song remains the same’.
Please suffer me a short poem:
There once was a bank of world wide fame
Who was one of the best at playing the game
Who told everyone that the money was good
And to keep it in their coffers just as they should
But when a worldwide famine of trust had arose
And the standing of bankers became only a pose
In the end the banks’ numbers had come up lame
And for all the people The Song Remains The Same
———-
If you appreciate this article can you consider a gift to Encouraging Angels for the intelligence we provided today? Click this link to give. We need the support. Links to this article are encouraged. Reproductions of this writing are only allowed by written permission of the author.
All rights reserved.
Stan Szymanski (or Encouraging Angels) is not a medical doctor. This is not medical advice. In all matters pertaining to the health and care of a human being consult a medical doctor. This is not legal, financial or personal advice. Consult appropriate professionals in those fields for that type of advice
Why is this important? Because people in our community who are caring for a disabled/special needs family member because they have a decent pension may have their ability to provide for their household put into jeopardy. That could happen if the assets that provide the income for for the pension fund become compromised as they just were in England as long government bonds were bailed out by the British government last week before they wrecked pensions and mortgages. Consider. This is not financial advice. Consult your financial advisor.
From the article…’"I think we're going to have a serious moment of real panic, probably an order of magnitude bigger than the one they just had in England," I said. "They're going to try and ram this thing through and get us to 4% by the end of the year. The consequences will be devastating. It's going to be a wild ride."
https://www.zerohedge.com/markets/us-pension-funds-could-also-face-lehman-moment
Stan Szymanski (or Encouraging Angels) is not a medical doctor. This is not medical advice. In all matters pertaining to the health and care of a human being consult a medical doctor. This is not legal, financial or personal advice. Consult appropriate professionals in those fields for that type of advice
https://thegreatrecession.info/blog/epocalypse-revisted/
Stan Szymanski (or Encouraging Angels) is not a medical doctor. This is not medical advice. In all matters pertaining to the health and care of a human being consult a medical doctor. This is not legal, financial or personal advice. Consult appropriate professionals in those fields for that type of advice
Stan Szymanski (or Encouraging Angels) is not a medical doctor. This is not medical advice. In all matters pertaining to the health and care of a human being consult a medical doctor. This is not legal, financial or personal advice. Consult appropriate professionals in those fields for that type of advice
All Rights Reserved.
Encouraging Angels is a tax-exempt 501(c)(3) organization that promotes Disability and Speical Needs awareness as well as delivering music services to those affected.
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