The World Economy is at a point were it’s prepped and ready for a crash of biblical proportions. Churchill said that “The further you look into the past, the further you can see into the future.” This segment is about getting to understand how the monetary system of our world is wired, and how fragile it is. Today’s monetary system with the Dollar as a world currency is doomed to fail. History tells us why. No fiat currency have survived so far.
Yanis Varoufakis blows the lid on Europe’s hidden agenda
What happened in Greece during the crisis? And what happens when you take on the establishment? In this extensive interview, former finance minister of Greece Yanis Varoufakis, talks about his new book Adults In The Room – My battle with Europe’s deep establishment.
Dalio & Tudor Jones Warn: “We Will Kill Each Other” If Our Broken Economic System Isn’t Fixed
Listen to Dalio highlighting his “1930s” hypothesis. There are three things that exist today that haven’t existed since the 1930s: A wealth gap that’s driving populism on the left and right, the absence of effective monetary policy, and an emerging world power (China) challenging an existing world power (the US).,All of this is happening at a time when, according to Dalio, the current dollar-centric global reserve system is nearing its end.
“In my opinion, we’re near the end, in the late stages, of our reserve currency system – it’s a fiat monetary system. Not only do we have negative rates, but we’re going to have much bigger deficits…and that’s not half the story. Because the larger story is the unfunded liabilities…those are pension liabilities and debt liabilities.”
War can take several different forms, as most Americans are no doubt aware at this point: As Dalio explained, there’s a trade war, a technology war, a geopolitical war and there could be a capital war.
And the US isn’t in a great place to carry on this fight. The situation will be even worse when the cycle turns and we’re plunged into a punishing economic downturn.
It’s not just the budget hole, there are also pension shortfalls and other obligations that the federal government must backstop: “We have a lot of IOUs that are either going to be funded by tax increases or spending cuts.”
If we don’t find a way to fix the system and fix wealth inequality, bad things are going to happen. But Dalio insists that increasing the size and distribution of the pie is still possible.
Get far away from USA – It’s collapse will be messy!
What the founder of The Dollar Vigilante, Jeff Berwick predicts in 2013, we can all now see in plain sight. The Economy of the West is collapsing, with negative interest rates, tax raises, pension cuts, leading to upheavals and demonstrations all over the scene. One example is Lebanon, where they fear a “Mad Max Scenario” if the politicians fail to handle the escalating economical crisis.
From my point of view, as a believer in Christ, as a simple sheep that tries to hear His voice, and also as a blogger; I would love to sound the alarm, as loud as possible, but I am afraid, people won’t listen. It’s like Jeff Berwick say’s; “The System is in collapse, it’s unbelievable, but most people don’t even see what’s going on.” Personally – I put my trust in the Redeeming Blood of Jesus Christ, and when the western economy falls, I will join the Saints in Händel’s “Hallelujah-chorus”, and praise God for the fall of Babylon! Because that will be the most significant proof that we are in the last of the last day’s, and that Jesus will be coming very soon. Scriptural reference: Revelations 17-29 Let us all be ready to receive Him! God Bless Us All!
Hidden Secrets of Money E1
The best way to prepare for the coming economical change, is to educate yourself. Mike Maloney have created a series of 10 episodes where he explains the nature of money, the world financial system, and how you can prepare for the greatest wealth transfer in history.