Gromen Warns Markets Lockdown Imminent Amid Global Economic Turmoil
Economist Luke Gromen warned that markets will be locked for two to three weeks after managers of trillion-dollar balance sheets hit the sell button, and then reopen at a new allocation. He cited Ukrainian friends who saw bank savings fall from 'five cars' worth of money to a month's groceries during an economic crisis, where gold and silver holders came through fine while paper claims lost immense value.
Meanwhile, former intelligence analyst 'Leah' alleged that Treasury Secretary Scott Bessent restructured the U.S. financial system between August 11 and 24, 2026, including killing the Corporate Transparency Act and requiring stablecoins to hold Treasury bill reserves. Leah's seven-indicator currency-crisis model now shows all seven indicators present.
Asian LNG prices spiked nearly $26 per million British thermal units, a 5% weekly gain, with QatarEnergy extending force majeure on deliveries into November. Dubai futures near $100 per barrel due to Asian demand, while Russia's oil revenue dropped 22% year-over-year in August to 326.2 billion rubles ($3.76 billion), the lowest since February.