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Spring 2017: Economic crisis on the stairs

Much indicates that the world is facing an economic collapse that may occur during the first half of 2017. 

This article is machine translated by Google from Norwegian

Clif High is an eccentric American who has spent the last 25 years developing and using metadata. High collects and analyzes large amounts of data on the Internet, which is what tens of millions of people are talking about, in order to "look into the future". In the months before the US presidential election, analysts told Trump that in reality he was never behind Clinton and that he would win the election.

High's analyzes also show that the world is facing an economic collapse and that it may occur during the first half of 2017. High and his analyzes are debated. However, we do not need High to prove that an economic collapse is imminent.

The truth is that the world's banking and financial institutions are already hopelessly insolvent. The number of non-performing loans in Italian banks is between 15 and 20 per cent, which means that the banks cannot be saved in a tight situation. Europe's banking system is kept alive by artificial respiration through the TARGET2 system, ie by constantly injecting short-term liquidity from the European Central Bank – in effect by the Deutsche Bundesbank. The Germans themselves sit on an "undone bomb": Deutsche Bank, Europe's flagship, is today rated by its shareholders as a bankruptcy candidate. The professional investors are secretly trying to get their money out of the bank. If Ryker DB and DB's gigantic derivative portfolio of approximately 40 billion euros (equivalent to an incredible 000% of world GDP), all the other major banks in Europe and the US are very likely to fall as dominoes. Then DNB and the Norwegian banking system join in the drag.

Worse than 2008. In an interview the other day with Swiss SonntagsBlick, Oswald Grubel, the former head of major banks UBS and Credit Suisse, went hard and criticized the central banks and their manipulation of the market and the banking system. Grubel believes the use of inflated balances, huge derivative portfolios and extensive self-trading, as well as negative interest rates, represents "weapons of mass destruction", that central banks have crossed "point of no return" and that a "crash landing is inevitable".

Ny Tid contacted the financial experts Kyrre Aamdal in DNB, Harald Magnus Andreassen in Swedebank and Jan Ludvig Andreassen in Eika Gruppen. We have not heard anything from the first two, but Andreassen in the Eika Group answered our question as to whether there is a real danger of a meltdown in the European banking system: “Yes, because loans that are only carried on to near zero in interest without a repayment obligation, are loans where you do not quite know what the value is. Borrowers find a way to live or shop, which requires that nothing be paid down. ” 

US finance guru Jim Rikards sums it up like this: "We will sooner or later have a financial disaster much greater than it was in 2008. We have received two warnings. This time it is game over. "

Politicians for sale. It is important to understand that an economic collapse is about a wealth or wealth transfer – which means that some win a lot, while others lose everything. The wealth transfer has been going on for several years already. The zero-interest regime that our politicians and central banks are responsible for has meant that those who are irresponsible and constantly spend more money on borrowed funds (ie buying more expensive houses, flat screens and mobile phones on credit) are "winners" – while those who save and showing moderation, are the losers. The biggest losers are probably pensioners and pension funds that have almost equal returns on their savings. The danger of tomorrow's pensioners not getting their pension is great. It will take a long time for savers to understand that they have been cheated by irresponsible politicians and the banking system, if they ever understand it. The coming generation are also losers, because they are left with the bill from previous generations' ransom with borrowed money.

The economic collapse Ricards is talking about is happening much faster than the aforementioned looting of responsible savers. As before in history, it will be the poor and the middle class who sit back, even when banks and financial institutions go overboard. Those behind these institutions always make sure to use collapses to enrich themselves even more at our expense. As a bird of Phoenix, with the blessing of our politicians and without the people fully understanding it, the supreme of the power of the elite will rise even richer from the ashes, with even greater power than before – if we find ourselves in it.

As Baron von Rothschild, who along with Rockefeller and Morgan, among others, created the privately owned US Federal Reserve Federal Reserve (Fed), said: "Just give me control of a country's financial and monetary system, and I'll give a glimpse into which politicians govern the country." In other words: The politicians are for sale to the highest bidder.

Hyperinflation. Like the Weimar Republic of Germany in the early 1920s, the Fed has tried to pump fresh money into social machinery. It took the Fed nearly $ 100 billion for almost 800 years, and only a few years after the 2008 financial crisis to hit more than $ 3000 billion. All this money is debt. The same irresponsible exercise in monetary and fiscal policy is now underway by the European Central Bank. Insolvent banks and countries should be saved by issuing and giving them even more debt. Substance dependence should be cured with even stronger intoxicants. Just like in the Weimar Republic, this extreme inflation in the money supply has been left untouched by the Fed and the largest banks. To the extent that the money – which is really credit, ie debt – has not been spent on stock exchange and housing bubbles, they are still unused. On the whole – this too, just as in the Weimar Republic – the newly created credit finds its way to the people, and we get hyperinflation caused by far too much money chasing a limited number of goods and services. In sheer desperation and self-interest, the Fed, the European Central Bank and our politicians can think of sprinkling helicopter money over the people. Then prices rise quickly. When that happens, it all spins out of control because central banks and politicians do not have large enough toolkits to save an indebted and insolvent world.

Just like in the Weimar Republic, this extreme inflation in money supply has remained untouched by the Fed and the largest banks.

Irresponsible measures. The same graphs that show us the cause of the financial crisis in 2008 now show an imminent stock market decline of 70 percent. It can't get much worse. The same goes for an extremely inflated housing market, which can fall by 50 percent – maybe even more. Over the past few months, the bond rate has risen significantly, as is the so-called LIBOR rate, which reflects the daily liquidity supply internally in the banking system. These are serious danger signals, because it tells us that banks are afraid of a liquidity drought. The first to see this and do something about it are the "smart money", that is, investors and financial companies with a lot of money to lose. That's what happened when Lehman Brothers went bankrupt in 2008. At that time, the banking and financial markets were rescued with an emergency scream. Now the problems are much greater – and if the fear spreads sufficiently, the liquidity problem this time will be impossible to repair.

In the summer of 1929, an elegant Englishman under the pseudonym Professor Skinner boarded a small passenger ship from New York to London. A group of Oxford and Cambridge athletes recognized the man as Sir Montagu Norman, Governor of the Bank of England. Against swearing that they would not tell anyone about his trip, the athletes were told by Sir Norman that "in the next few months it will be a 'shake out '". A few weeks later, the Bank of England and the Fed raised their interest rates to 6 per cent. The interest rate hike marked the beginning of a planned economic collapse. Over the next few months, the money power positioned themselves so that they were almost on the right side of the table when the stock market crash came.

The same graphs that show us the cause of the financial crisis in 2008 now show an imminent stock market decline of 70 percent. It can't get much worse.

In the US, money printing, quantitative easing and a zero interest rate regime have meant that government debt has doubled since 2007. We are doing the same in Europe. As Ny Tid has previously reported, more and more economists and investors are convinced that we are facing an economic collapse. Investor legend Doug Casey sums it up like this: “Irresponsible measures have produced billions of error investments that end in liquidation. This will lead to an economic disaster that is in many ways far worse than the depression of 1929-1946. Paper money will be destroyed as they have been through history. ”

The crash of 1929 was inevitable. Finally, the money authority realized that the irresponsible monetary and fiscal policy had gone too far. The economic situation in the world is much worse today. The Fed talks about interest rate hikes, and there are frequent crisis meetings between central banks, insolvent major banks, the money elite and politicians. They discuss exactly the same thing Sir Montagu Norman discussed with the Fed on a hot Christmas day in 1929: Not ombut when the collapse is coming. They discuss how they can save their own skin by the people once again paying the price for an economic collapse caused by those who are set to manage the people's welfare – the central banks, the private banking market and politicians. As during the Depression of the 1930s, it is the poorest and middle class who have to bear the burden through great human sacrifices and suffering, yes, perhaps a new great war. The money power and politicians hope once again that the people remain sufficiently uninformed to never get what Henry Ford once said about this insane relationship between money and politics:

"If the people had understood how the banking system works, there would be a revolution tomorrow."

Read the cases "The economy collapses" og "Deutsche Bank and dead bank directors"

Hans Eirik Olav
Olav has a long time from the financial world behind him.

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