The Banking System Has Gone Rogue: “World Economic Order Is Collapsing”
Mac Slavo
October 12th, 2015
SHTFplan.com
The next wave of the greatest financial crisis may soon be upon us.
When the music stops, and loans everywhere on cheap and easy credit are called, far too many nations, businesses and individuals will be suddenly and violently unable to repay their debts — particularly in the developing world.
The results are likely to be catastrophic, and the weight of the bad debts may well be enough take down the rest of the world with it. This is no small problem, and it is not clear if there is a solution.
London Guardian writer Will Hutton issues a stark warning that “the world economic order is collapsing and this time there seems no way out.”
According to the Guardian:
Europe has seen nothing like this for 70 years – the visible expression of a world where order is collapsing. The millions of refugees fleeing from ceaseless Middle Eastern war […] Yet there is a parallel collapse in the economic order that is less conspicuous: the hundreds of billions of dollars fleeing emerging economies, from Brazil to China, don’t come with images of women and children on capsizing boats. Nor do banks that have lent trillions that will never be repaid post gruesome videos…
Capital flight and bank fragility are profound dysfunctions in the way the global economy is now organised that will surface as real-world economic dislocation.
The Rest…HERE
