Rising Rates: Financial Extinction Level Event Coming-Michael Krieger

By Greg Hunter’s USAWatchdog.com (Early Sunday Release)

Former Wall Street analyst Michael Krieger says the key to predicting this market is to watch interest rates. Krieger explains, “Do I think that there is going to be a huge U.S. currency devaluation next month?  No I don’t, but on the flip side, there is going to be some sort of financial calamity.  What I am looking at personally is interest rates.  I’m 38 years old.  My entire life, basically, we’ve been in a downtrend on sovereign yields.  So, it’s basically been this 40 year bond bull market.  It’s a secular bull market my entire life.  When that reverses and interest rates start to rise, and it’s probably not going to be because the Fed is raising rates, when rates naturally stop going down, and they start going up, that’s going to be a financial extinction level event. That’s going to be

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