Could we see a possible economic collapse very soon? We have been hearing from everyone from the BIS, the UN, Citibank and the IMF that a collapse is possible. I am posting this due to an article I read from theeconomiccollapseblog.com
October 10, 2015
In the above article, we learn the following:
- We learn that Emerging markets “over-borrowed” $3 trillion in just the last decade alone, reflecting a quadrupling of debt in the private sector from 2004 to 2014, this is according to the IMF’s Global Financial Stability Report. Link: https://www.imf.org/external/pubs/ft/gfsr/
- The over-leveraging now threatens to unleash a whole new wave of defaults. These defaults imperil an already weak global economy, said stark findings from the IMF’s twice yearly report.
- Seven years after the financial crisis, a combination of lingering debt burdens in advanced economies, and vanishing market liquidity could result in a new credit crunch when conditions tighten.
- The IMF painted a picture of a brittle financial system that was coming to the end of a period of cheap liquidity propped up by low rates.
Please watch the video below, it will explain more.
The debt bubble we are in is the greatest one in the history of the world, and it threatens the entire global financial system. The problem is that we might not be able to do anything about this threat. It’s far too late for that now. The Bank of England also issue a similar warning.
Governments and central banks risk tipping the world into a fresh financial crisis, the International Monetary Fund has warned, as it called time on a corporate debt binge in the developing world.
Emerging market companies have “over-borrowed” by $3 trillion in the last decade, reflecting a quadrupling of private sector debt between 2004 and 2014, found the IMF’s Global Financial Stability Report.
How to Buy Gold and Silver From Your Local Dealer
I strongly suggest you go visit your local gold and silver dealers and at least buy a few coins. Make sure they are coins from your country, meaning, if you live in the United States, you should be buying American Silver Eagles or American Gold Eagles. The reason for this is simple: there are many people who live here who, even though they don’t understand silver, know what an American Silver Eagle is, and if you show up with a Canadian Silver Maple Leaf when a collapse happens, they might think twice about giving you cash for it.
Bottom line is this, buy silver and gold, but only buy the ones made in your country. Don’t diversify here, it’s not wise.
This dangerous over-leveraging now threatens to unleash a wave of defaults that will imperil an already weak global economy, said stark findings from the IMF’s twice yearly report.
The IMF is actually telling the truth in this instance. We are in the midst of the greatest debt bubble the world has ever seen, and it is a monumental threat to the global financial system.
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It’s important for me to point out that even though we know about this collapse threat, that doesn’t mean that we can do anything about it at this point or stop what is about to happen.