Colin Leyden

On September 30th 1979, the former head of the U.S. Federal Reserve, Arthur Burns, gave a private talk ("The Anguish of Central Banking") to a gathering of the world's wealthiest bankers at a private gathering in Belgrade. This was kept secret from the American people for almost decade. If you read it, you'll see why. Burns warned the world's wealthiest bankers that the entire global financial system would soon be reset. He explained the inevitable failure of the world's new, fiat currency global financial system, just two months before the world's bond markets began an 80%+ collapse. Every American should understand this warning because it is happening again, right now. Burns explained how the Western democracies had turned to debt, financed by inflation, to create the illusion of prosperity. But this prosperity wouldn't last because the inflationary bias would sap the "economic and moral vitality of the democracies." Here are his three most important warnings. These are his words, not mine. #1. "Since 1950, the federal budget has been in balance in only five years. Since 1970, a deficit has occurred in every year. Not only that, but the deficits have been mounting in size. Budget deficits have thus become a chronic condition of federal finance… But when the government runs a budget deficit, it pumps more money into the pocketbooks of people than it withdraws from their pocketbooks; the demand for goods and services therefore tends to increase all around. That is the way the inflation that has been raging since the mid-1960s first got started and later kept being nourished." #2. "What had once been a quiet personal feeling that the future would be better than the past, particularly for one's children, was transformed during the postwar years into an articulate and widespread expectation of steady improvement in living standards — indeed, into a feeling of entitlement to annual increases in real income. But when government takes on the duty of underwriting that entitlement without the productivity to fund it, the only remaining lever is the currency itself. #3. ""In view of the strong and widespread expectations of inflation that prevail at present, I have therefore reluctantly come to believe that fairly drastic therapy will be needed to turn inflationary psychology around." Two months later, Paul Volcker starting raising interest rates and he didn't stop until they were 20%. Anyone who was holding bonds -- or virtually any financial asset -- took enormous losses. It was a global monetary reset. That's how all of this will end. It isn't hard to understand. Your parents probably weren't invited to that secret meeting in Europe. And you probably won't be invited this time, either. But those meetings are happening right now. That's why Trump is in China -- our biggest creditor. Prepare prepare now. amazon.com/dp/B0GYZPBCMS

Southampton have been expelled from the Championship play-off final, with Middlesbrough — who they defeated in the semi-final stage — reinstated. The Championship play-off final will now take place between Middlesbrough and Hull City at Wembley Stadium on Saturday May 23. The south-coast club will appeal the decision, which also sees them handed a four-point deduction for the 2026-27 season in the Championship. More from @mwalker2771 & @Dan_Sheldon_ FREE READ 🔗 nyti.ms/4nJudTG

@iosif_lazaridis Do you really think you know better than a literal professor of classical studies, trained in Oxford and Yale?

Reported by @Telegraph that the Scottish FA regard the decision to award Celtic's penalty at Fir Park as correct. Head of Referees Willie Collum will address the situation in the VAR Review Show next week.