stocks are tanking, bonds are tanking, commodities are tanking, the dollar is spiking, what is going on.

Markets are imploding.

We have a liquidity crisis that is on its way, potentially to becoming a solvency crisis.

Not potentially, I'm pretty sure that's going to happen.

This is going to be worse than 2008 by a long shot, and that is due to massive policy errors over and over again by the Federal Reserve and of course a complicit silent press and congress and senate who failed to ask the appropriate question so hey here we are but it's a global thing there's really nowhere to hide so let's dive right in take a look at this. Liquidity. This is an important concept.

So this is what I do. I help to educate people about how things work.

So best as I can, I'm going to explain to you what we mean by this.

You've probably heard the term liquidity.

All right.

Liquidity is something that's out there floating around.

I'll define it in just a second.

But what happens is you move from

liquidity can be turned into an insolvency crisis. An insolvency is different from bankruptcy.

So liquidity crisis proceeds, insolvency crisis proceeds bankruptcy. So that's a three-stage process.

Good to know where you are because it tells you a lot about what's about to happen next.

2008, we had a liquidity crisis that turned into a solvency crisis that ultimately became the bankruptcy of Bear Stearns, Lehman Brothers,

and that, of course, precipitated the whole great financial crisis. Now, what does that really mean?

So bankruptcy is a legal proceeding.

That's what happens after the creditors and the lawyers and the judges and the court systems all pile in.

Insolvency means that you no longer have the capability of servicing your debts, right?

But you could be insolvent at home. You could lack the ability to

pay off your credit card debt, but you're not bankrupt yet because, you know, the sheriff hasn't

...