Tony Robbins warns against "The crash is coming"
Most current economists dominant don t seem to have heard of the second law of thermodynamics Maybe this is not really their fault because it is not in their textbooks, but it should be It governs all life and all systems of the Earth, including the economy of our leaders in business and race of the Government to implement misguided economic models that are not based on the laws of thermodynamics, and as nation after nation refuses to question the pursuit of endless economic growth, we are getting closer to a fate that will end in tears for the human race I fear that the tears have already started to fall.
David A Jones Ph.D. University of Southampton, UK.
Roy Morrison GlobalResearch The economic alarm bells ringing at the national level and in the world if listening to everyone While the political struggles surrounding the Trump administration remains our objective, economic distress will come calling.
A soaring stock market and contraction in corporate profits combined with MA fusion and acquisition frenzy of buying benefits, interest rates rising, end the qualitative easing are all signs of market correction future stock or, more worryingly, a stock price earning ratio collapse soared 38 to 26 as stock prices rising much faster than world income MA has exceeded 700 billion per year for the first time since 2007 before the collapse.
It is not just that the stock market is overvalued The global context is a real estate bubble in the EU, China, Australia and underwater zombie banks whose bad loans, non-performing loans like bankers call them gently, far exceed their book value and their loss reserves This is the so-called bad Texas ratio divided by 114 500 good for Italian banks, bad of the report on the property is well over 100 percent, which means banks without massive bailouts have little or no chance to survive a severe economic crisis Banca Monte dei Paschi di Siena, with 169 billion in assets has a ratio of 269 Texas.
In China, the banking system is controlled by the state in the same trapped in real estate He's 12 58000000000000 of US consumer debt Self subprime loan replaced the subprime mortgage with banks such as Santander NA in difficulty Add crippling student loans, credit card debt, and governments zombie States drowning in debt, a stumble in one region can be the rapid spread of trigger financial collapse in 2007-8 I think Italian banks may be the trigger with European bankers keep afloat after the French elections in April or the German elections in September
But this time, he won t the Fed providing trillion at all once to banks and speculators in 2008 to benefit from the collapse, and not to be fooled yet again, some basic principles to save the people, the economy, the planet, not the bankers and speculators.
First, write down all the bad debts, including home mortgages, down on the market This is common practice for commercial real estate conditions are renegotiated to reflect the market reality or the bankruptcy judge will do, the law should be amended to allow bankruptcy judges to mandate market conditions and enable people to remain in their home with a manageable debt.
In addition, holders of unsecured financial instruments are destroyed as shareholders of insolvent banks Bank officers lose their jobs and go to prison if they commit a fraud FDIC saves depositors Banks are recapitalized with federal funds to make real commercial loans and managed by competent administrators appointed by the Treasury with a community council elected to guide sustainable investment policies seamlessly.
Third, a new Glass-Steagall Act should separate commercial banks from investment banking, as well as the size and geographical scope limited commercial banks.
fourth, economic recovery may be driven by profitable and sustainable infrastructure investments to create jobs and stable communities by strengthening the infrastructure of efficient renewable energy, including solar and wind farms, energy storage, vehicle electric charging infrastructure, railway high-speed networks, high-speed broadband networks and zero pollution and zero waste plants.
We can create jobs, reduce pollution from carbon dioxide, and building a sustainable economy for the 21st century as a result of the crisis coming a world by and for billionaires is close to its expiration date.
SUPPORT OUR WORK BY UP TO BECOME A MEMBER.
The coming economic crisis and "Opportunity", ahead, economic crisis.