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.”
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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/inve...

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.”    • Видео  

Read the rest of the blog post (and check back for updates on it) here: https://wp.me/p6OXMG-pp

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