Finance Experts Warn, Economic Meltdown 2016: Global financial collapse is Imminent
by AMY S.
PrepperFortress.com
JANUARY 22, 2016
THE world is staring at a catastrophic economic meltdown – and the devastating collapse is IMMINENT, financial analysts have warned.
2016 has only just begun but economists are fearing this is the year of a massive global recession.It’ll be worse than the crash of 2008 – and could even surpass the Great Depression of the late 1920s and 30s.China’s economy is in turmoil and shows little sign of improving.America’s stock markets got off to their worst ever start of a year.
And Chancellor George Osborne warned Britain faces a “dangerous cocktail” of new threats to the economy as markets abroad crumble – highlighting how fragile our position is if others fall around us.But worryingly this was all predicted in a book published THREE years ago.Political analyst and author Thom Hartmann released a book titled The Crash of 2016: The Plot to Destroy America – and What We Can Do to Stop It.Hartmann gives a stark warning of what’s in store over the next 12 months as the world’s developed nations repeat “the mistakes of the 1920s, the 1850s, and the 1760s”.
The 64-year-old predicted 2016 would be the year of a “gut-wrenching Great Crash”, leading to social disorder and even war.
Hartmann predicted the crash would be spearheaded by major businesses in the west.
He claims massive companies are sitting on trillions of pounds in cash without doing anything with it.
The Institute of International Finance calculated companies in the US, the UK, the Eurozone and Japan are sitting on nearly $8 TRILLION-worth (£5 trillion) of cash, he claims in the book.
But that figure is insignificant compared to what the world’s wealthiest people have stashed away in overseas financial institutions, he writes.
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