Warning Signs Of The Imminent Global Economic Collapse!

Written by JayWill7497


Britain’s vulnerable economy spiraled into deep difficulty yesterday after the pound delved to a new horrific 31-year low against the dollar.

The astonishing “flash crash” sparked concerns the country could be heading into another crushing recession – highlighting our insecure economic position after voting to leave the EU.

Yet economist professionals fear a far more menacing threat is looming.


A month ago Deutsche Bank was teetering on the brink of collapse after shares delved to a 30-low low.

Economic professionals think the German mega-bank will bounce back in spite of slashing 1,000 jobs over worries about its financial circumstances.

But the implications of the bank folding might be disastrous, professionals think, heralding the downfall of the global banking system as we understand it.

Political analyst and author Thom Hartmann explained to FLI Deutsche Bank’s collapse can take down the world banking system.

He stated: “It’s entirely possible it could take down the world banking system, much like the failure of Lehman did, because neoliberal economic policies have made the world – and, particularly, the banking world – so interpenetrated and interconnected.”


Because big British banks have assets – reported to be worth billions – tied up in the bank, our financial system would suffer from the collapse.

When Lehman Brothers collapsed in 2008, Britain’s banks – which were in a likewise risky position – were sent into a tailspin.

In the past low capital reserve levels and risky lending suggested the banks had no funds left to pay off their debts.

In reply to the crisis, the government declared a £500 billion bank rescue package at the cost of taxpayers.

Barclays, Lloyds TSB and Nationwide Building Society, and others, were bailed out.

But over the next 5 years it was hardworking British taxpayers that struggled the consequences as the Tories enforced severe austerity to minimize the debt.

Hartmann, author of The Crash of 2016: The Plot to Destroy America, stated this bail-out was unnecessary.

“There wasn’t a ‘need’ to bail them out in the first place in 2008/9.

“Governments could have done what Iceland did in 2008, what Sweden did in the late 1990s, and what the US in 1933 – just nationalize the banks temporarily, give the investors a haircut, break them up, and then re-privatize the pieces.”

The 64-year-old forecasted 2016 would be the year of a “gut-wrenching Great Crash”, resulting in social disorder and even war.

Unbelievably, he stated the 2008 economic crisis “isn’t over” because the “structural flaws” are still there.


In June, the International Monetary Fund (IMF) labeled Deutsche Bank as the most risky financial institution in the world.

A 2015 document exposed the bank is subjected to £36 trillion of risky “derivatives” – complex and shadowy financial products made up of several various assets, such as mortgages.

If these derivatives were to go kaput, it is very probable to result in a chain reaction and a global banking meltdown, the IMF cautioned.

When asked how to solve the meltdown, Hartmann stated: “Break up the big banks, separate commercial from investment banking, and start prosecuting banksters when they commit crimes.”

Nevertheless, top economist John Van Reenen, Economics Professor at Massachusetts Institute of Technology, informed FlI there’s “no need to hit the panic button…. yet”.

He stated: “The banking system is much more secure than it was before the financial crisis – tougher regulation by the Bank of England and other central banks means that all major banks have to hold much larger “capital buffers” to shield them if they take a hit.

“There is much less of the complex interlinking between banks through murky financial products that no one understood and which made the whole system vulnerable, so that once one bank fell the others began to topple over like dominoes.

“Personally, I believe Deutsche will tough it out. Their big problem is a enormous $14 billion fine from the US over mis-selling mortgage-backed bonds before the financial crisis of 2008.

“This triggered a fall in their share price, not surprisingly. and gave everyone the jitters.

“The bank might need to have to retrench making lay-offs, wage cuts and low/no dividends.

“But the losers will be the employees and shareholders in Deutsche, not the average FLI reader, thankfully.”


These People Are A Danger To Themselves And Others! Wake Up!!!!!!

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Reporter, Journalist, Blogger, Researcher. I am committed to providing information by posting/archiving videos, articles, and links. I also investigate to raise awareness on numerous issues, inspire critical thinking, involvement, and hopefully to help make our world a better place for all. “The truth, always the truth at all costs”