Expert Warns That Unparalleled Financial Destruction Is “Just Six Months Away”
The time is nigh.
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The crash is coming. It’s waves can be felt pulsing through the system, foretelling its arrival.
But how long will it be until it hits, and how big will its magnitude be?
According to Yale’s Vikram Mansharamani, it is only months away.
Via London Express:
FINANCIAL bubbles across the globe are imploding and the problem is only set to get worse... Prices are falling around the world thanks to the collapse of China’s debt fuelled economic growth and this has triggered a succession of disastrous events that are starting to be realised, according to Vikram Mansharamani, an author and, lecturer at Yale University.
Fears are growing that the world could face a financial crash of unprecedented levels and could even be just six months away.
Bubbles created by the mountain of cheap money made available by low interest rates since the last financial crisis are now starting to burst, said Mr Mansharamani.
Mr Mansharamani added: “We’ve got a bubble bursting, I would argue, in Australian housing markets — that is beginning to crack; South Africa — the whole economy; Canada — housing and the economy; Brazil. We can keep going on and on.”
The details have come out in warnings posted here at SHTF and elsewhere, but the Federal Reserve’s quantitative easing program changed the metabolism of the global economy.
Like a diabetic or a heroin addict, people in the United States, and in countries abroad all borrow on cheap credit, and face a debilitating spike now that repayment is being demanded – all while oil prices have bottomed out and destroyed the fragile livelihoods of those who depended upon these and other commodity prices.
Nightmares are surfacing. Entire sectors are being destroyed. New technology is causing extreme upheaval in jobs, and economic warfare is subtly sucking away life and stability from the ranks of the hard working, aspiring and once prosperous. It is punishing and leveling out all those who haven’t learned to work inside the system.
All the rest will end up on welfare, until that collapses too.
Robots will replace millions of jobs in the next few decades:
That’s ok, though, according to the guy in the video, because we’re supposed to live in some technologically-planned future where computers figure out how to address the needs of everyone. But that’s not OK, because that leaves no room for freedom.
When you lose the ability to support yourself independently, you become a government serf overnight. And the rest is history. We are being pushed and shoved into a new collectivist state with strikingly few liberties.
The criminals who orchestrated the last round of looting in 2008 have grown in power and wealth in the years since, and are now poised to come back for the rest – and use finance as a tool to condition societal behavior. Puppeteer bankers Goldman Sachs admitted that we are entering the third wave of a debt-supercycle that has been unleashed through predatory policy:
This wave is characterised by rock-bottom commodities prices, stalling growth in China and other emerging-markets economies, and low global inflation, Goldman Sachs analysts led by Peter Oppenheimer said in a big-picture note.
This triple whammy has its roots in the response to the first two waves of crisis — the banking collapse and European sovereign-debt crisis — and it is all part of the so-called debt supercycle of the past few decades.
Central banks all rushed to lower interest rates in response to the first two debt-fueled crises, encouraging investors to lend in emerging markets such as China for a decent return.
Now that interest rates are looking as if they might go up, lenders are heading for the exits and investors are pulling out of commodities, which are closely linked to the fate of the emerging economies.
Once they are done, everyone you know will be either working for the government, or under close government regulation. Wall Street crimes are instituted as policy, and competition and free enterprise from the little guy is yanked out of the system, and his salary is capped at the level befitting a modern day serf.
The borg is assimilating the economy and taking everyone as an asset/hostage now.
Time to make your final preparations, and place any wealth you have in carefully considered positions.
Article reposted with permission from SHTFPlan.