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“Once these banks collapse… our chaos hedges are going to go vertical.”
In today’s 3-Minute Market Minder, The Palm Beach Letter’s Teeka Tiwari reveals a “new” threat to the global financial system. It’s something almost no one is talking about today…
Italy’s banking system is sitting on over 360 billion euros ($402 billion) in bad loans. Now some of Italy’s largest and oldest banks are failing regulator “stress tests.” A real-world failure would send the European economy crashing… and see a massive new money-printing bailout from the European Central Bank (ECB).
It puts an even stronger tail wind behind PBRG’s favorite chaos hedge (precious metals). It also bolsters the speculative upside of “Big T’s” favorite alternative currency solutions (cryptocurrencies). See below to learn Teeka’s recommended contingency plan…
(If you’re not yet a Palm Beach Letter subscriber, learn more about cryptocurrencies right here.)