Published on 6 Sep 2018
Shocking video about the coming Economic Collapse and the next Great Depression.
After a little bit of a lull, the global economic crisis is back with a vengeance. Currencies are collapsing in Argentina, Brazil, India, Turkey and other emerging markets, stock market crash is taking place, and central banks are springing into action.
It is being hoped that the financial chaos can be confined to emerging markets so that it will not spread to the United States and Europe to causing a major economic collapse and stock market crash. But of course the global financial system is more interconnected today than ever before, and a massive wave of debt defaults in emerging markets would inevitably have extremely serious consequences all over the planet. It would be difficult to overstate the potential danger that this new economic crisis poses for all of us. Emerging market economies went on an unprecedented debt binge over the past decade, and a high percentage of those debts were denominated in U.S. dollars.
As emerging market currencies collapse, it is going to become nearly impossible to service any debts denominated in U.S. dollars, and that could ultimately mean absolutely enormous losses for international lenders. Our system tends to do fairly well as long as everybody is paying their debts, but once the dominoes begin to tumble the next economic collapse will hit the World. A global financial collapse has begun, but because it has not really affected the United States too much yet, the mainstream media and most Americans aren’t really paying any attention. But if the stock market crash will happen here too, then it will suddenly be all over the news. Most people are aware that most of the biggest stock market crashes in U.S. history have happened in the fall. We have definitely entered a “danger zone”, and more shocks seem to hit the global economy with each passing day.
Music: CO.AG Music https://www.youtube.com/channel/UCcav…
Credit: Michael Snyder – theeconomiccollapseblog.com