...I don't particular agree with this End-Of-The-World scenario (Debt, House, treasury, derivatives bubbles), however people will panic, when banks close world wide for 2 weeks, transition between implementing new financial systems, since many are not awaken to the fact, the golden age are ready to begin....
It can be difficult to understand the repercussions that would follow a collapse of the global economy, stocks and debt markets. While we know a serious financial event is coming, determining how it will impact our lives and preparing an appropriate strategic plan to mitigate the fallout can be a confusing and stressful undertaking.
The questions being asked by concerned Americans are plenty, but the answers are not so easy to come by. Should I keep money in my retirement accounts? What publicly traded companies are recession-proof? Will gold and silver really be of value if the whole system comes crashing down? Should I have some cash? How much food should I stockpile if the regular flow of commerce is affected? Will there be riots in my city?
In the following interview with X22 Report Spotlight, well known analyst and contrarian thinker Greg Mannarino of Traders Choice succinctly explains the challenges we face as individuals and as a nation. He doesn’t mince words and goes straight to the heart of the problem: out of control debt.
As Mannarino explains it, we are facing an event so serious that it will directly impact just about every person on earth. But before we can prepare for it, we need to understand what it is that’s going to happen and what a worst-case scenario may look like:
The central banks… by us adopting a debt-based economic model, which demands that cash be borrowed from the future in greater and greater amounts to sustain what we have here, have created an alternative universe which would not exist. If we did not have access to all of these funds that we’re borrowing from the future and inflating this debt we would not have the lifestyle that we have now.
It’s created a population boom… a population boom has risen in tandem with the debt. It’s incredible.
So, when the debt bubble bursts we’re going to get a correction in population. It’s a mathematical certainty.
Millions upon millions of people are going to die on a world-wide scale when the debt bubble bursts. And I’m saying when not if…
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When resources become more and more scarce we’re going to see countries at war with each other. People will be scrambling… in a worst case scenario… doing everything that they can to survive… to provide for their family and for themselves.
There’s no way out of it.
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They understand where this is going… Let’s put this into perspective… The world’s central banks, by going negative [interest rates] they’ve turned the entire financial system upside down. That’s how desperate they’ve become. They’re charging people to put cash into these institutions…
It can’t work. It’s not how it’s designed to work.
So, that should tell us all how close we must be to this moment.
- Read more: http://www.shtfplan.com/headline-news/analyst-millions-upon-millions-of-people-are-going-to-die-on-a-world-wide-scale-when-the-debt-bubble-bursts_05132015