Collapsing Bank Reserves, Deposits Mean Stagflation Just Ahead
With gold and silver in a holding patter, this week Rafi takes a look at the serious deflationary trends going on in the banking system. This does not mean that consumer prices are falling or even rising at a slower pace.
Rather, what we have developing is fast falling bank reserves, which are now within a stone's throw of the $3 trillion level that triggered the last banking crisis. A banking crisis together with fast rising consumer prices is the perfect stagflationary storm, and it's about to get much worse.
To find out more, click to watch the video now!
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