GLOBAL RISK: THE CURRENT SITUATION IS PROBABLY GRAVER THAN EVER
BY GOLD BROKER
TheDailyCoin.org
AUGUST 30, 2017
“America is now a dangerous nation.” This is the title of an article written by the journalist Gideon Rachman in the Financial Times last week. He goes on to declare: “Under Donald Trump, America looks like a dangerous nation.”
As I stated in my KWN article last week, the risk of a major war is now very high. The dilemma is that this is just one of many problems with potentially catastrophic consequences that the world is currently facing. Looking at total global risk, the current situation is probably graver than anything the world has faced in history. The world is now standing in front of a potential nuclear war between the US and North Korea, a war that easily could lead to a world war involving initially China and Russia and many more nations. The economic, financial and political consequences would obviously be catastrophic for the world.
IGNORANCE IS BLISS
Ordinary people are very fortunate that they are never exposed to the real problems in the world. Between Facebook, Instagram, YouTube and some game shows on television, they are blissfully ignorant of the very precarious position the world is in. Luckily for most people, television news and newspapers report very little that touches on anything but local news or the latest divorce or affair by their favourite artist. Virtually no journalist today is capable of doing any analysis or objective reporting. They just report what they are being fed by government or a handful of media organisations that dominate the world.
NINE STEPS TO THE ABYSS
The average person is totally ignorant of the insoluble risks facing the world currently, namely:
1. Record global debts of $225 trillion which can never be repaid and will bankrupt most nations in the next few years. This includes public as well as private debt.
2. Their money, whether it is dollars, euros yen or yuan will become worthlesswithin 5 or maximum 10 years as governments finish off the 100 year debasement of all currencies which are already down 97-99% since the Fed was founded in 1913.
3. Most assets will decline by 75% to 99% in real terms. This includes the bubble markets financed by the credit boom and money printing such as stocks, bonds and property.
The Rest…HERE
