The Upcoming Financial Crisis That Will Dwarf That of 2008 - Expect Civil Unrest
Another financial crisis—predicted to be the worst in U.S. history—is on its way.
“We have $250 trillion worth of global debt, and interest rates are going up. It’s going to be worse than the Great Depression.” -Gerald Celente, Founder & Director of the Trends Research Institute and widely hailed for warning everyone about what he predicted would be the “panic of 2008.”
https://youtu.be/Zy3GtedPn6Q
The volatile Dow Jones dropped 967 points so far this week at close, and is down again as I write this. The share price of formerly investment grade GE, saddled with unprecedented debt, has tanked by over 50% for 2018. This year, the Dow suffered other massive dives, like the 1,375-point combined fall over October 10th to 11th, the 424-point drop on April 24th, and the 1,033-, 1,175- and 666-point plummets on February 8th, 5th and 2nd respectively. https://money.cnn.com/2018/02/28/investing/stock-market-february-dow-jones/index.html
After each drop, many attributed the losses to increased bond yields, or interest rate hikes (short-term interest rates are still less than half of what they were in early 2007). Upon closer inspection, though, top investors and experts offer a list of systemic fissures that are the cause, including the biggest debt bubble in global history, and emerging markets teetering on defaults. Greece nearly failed in 2011, but now Italy--the ninth largest--is teetering. Whereas Lehman went bankrupt in 2008, today’s most ailing too-big-to-fail is currently Deutsche Bank—three times the size of Lehman, and with $47 trillion in derivatives.
Legendary investor Jim Rogers, who co-founded the Quantum Fund with George Soros and achieved returns of over 4,200 percent over ten years, said in early 2018 that he expects “a $68 trillion ‘biblical’ crisis poised to wipe out millions of Americans.” On Fox Business last April, he reiterated, “When I said it’s going to be the biggest market downturn in my lifetime, that’s not so strange to me. In 2008, we had a problem because of debt. Debt has skyrocketed since 2008.” https://youtu.be/WbwZfwSlmY0
Read the rest of the blog post (and check back for updates on it) here: https://wp.me/p6OXMG-pp
FAIR USE: This video contains copyrighted material the use of which has not always been specifically authorized by the copyright owner. It is being made available in an effort to advance the understanding of political issues, human rights, social justice issues, and so on. It is believed that this constitutes a 'fair use' of any such copyrighted material as provided for in section 107 of the US Copyright Law.
Видео The Upcoming Financial Crisis That Will Dwarf That of 2008 - Expect Civil Unrest канала Evie Courtlandt
“We have $250 trillion worth of global debt, and interest rates are going up. It’s going to be worse than the Great Depression.” -Gerald Celente, Founder & Director of the Trends Research Institute and widely hailed for warning everyone about what he predicted would be the “panic of 2008.”
https://youtu.be/Zy3GtedPn6Q
The volatile Dow Jones dropped 967 points so far this week at close, and is down again as I write this. The share price of formerly investment grade GE, saddled with unprecedented debt, has tanked by over 50% for 2018. This year, the Dow suffered other massive dives, like the 1,375-point combined fall over October 10th to 11th, the 424-point drop on April 24th, and the 1,033-, 1,175- and 666-point plummets on February 8th, 5th and 2nd respectively. https://money.cnn.com/2018/02/28/investing/stock-market-february-dow-jones/index.html
After each drop, many attributed the losses to increased bond yields, or interest rate hikes (short-term interest rates are still less than half of what they were in early 2007). Upon closer inspection, though, top investors and experts offer a list of systemic fissures that are the cause, including the biggest debt bubble in global history, and emerging markets teetering on defaults. Greece nearly failed in 2011, but now Italy--the ninth largest--is teetering. Whereas Lehman went bankrupt in 2008, today’s most ailing too-big-to-fail is currently Deutsche Bank—three times the size of Lehman, and with $47 trillion in derivatives.
Legendary investor Jim Rogers, who co-founded the Quantum Fund with George Soros and achieved returns of over 4,200 percent over ten years, said in early 2018 that he expects “a $68 trillion ‘biblical’ crisis poised to wipe out millions of Americans.” On Fox Business last April, he reiterated, “When I said it’s going to be the biggest market downturn in my lifetime, that’s not so strange to me. In 2008, we had a problem because of debt. Debt has skyrocketed since 2008.” https://youtu.be/WbwZfwSlmY0
Read the rest of the blog post (and check back for updates on it) here: https://wp.me/p6OXMG-pp
FAIR USE: This video contains copyrighted material the use of which has not always been specifically authorized by the copyright owner. It is being made available in an effort to advance the understanding of political issues, human rights, social justice issues, and so on. It is believed that this constitutes a 'fair use' of any such copyrighted material as provided for in section 107 of the US Copyright Law.
Видео The Upcoming Financial Crisis That Will Dwarf That of 2008 - Expect Civil Unrest канала Evie Courtlandt
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