Horrific Economic Collapse! Cashless Society, Suicide Wave, No Bailout For Millions Of Companies
Published on 6 apr. 2020
The whole World is going through unprecedented times; this is an economic collapse that has never been experienced since the World War II. Everything has been disrupted and the whole economic system has come to a stop. Supply chains are collapsing and we are at a point where the global economy is at the verge of a collapse. The 2020 economic collapse will end up being the biggest economic fallout in modern history.
The consequences of this economic crisis are very severe and everyone will be affected in one way or the other. Companies are going out of business, people are depressed, and a cashless society is being created. We are at a tipping point and because of this economic collapse our society will not remain the same. The elites in the society are taking advantage of this crisis as a cover up to create a new cashless society and to introduce martial laws in various places. It is shocking how this crisis has been exploited to introduce social control that people would not accept under normal circumstances. The elites have engineered everything that is happening and at the moment we have an ‘invisible enemy’ that most people do not understand about. The general population cannot quantify what is happening and it becomes almost impossible to defend ourselves without the government’s oversight. The government is taking advantage of this to control public movement and to restrict social activities. At the same time governments are encouraging digital transactions instead of cash and all in the name of preventing further spread of the outbreak. The main aim of the government is to control the population by denying them some of the freedoms. In fact their end game is to gain more power and control and not to save life. The elites will be very happy if many people lose their lives at the beginning because this will instill fear in the population and as a result, everyone will be willing to accept more restrictions in the name of ‘security’.
The elites in our society are trying to create a tyrant society that will be cashless. At the moment the market has collapsed by more than 30 percent and Americans have lost trillions of dollars. The elites and the bankers do not want to take the blame and instead they will use this outbreak as an excuse for the stock market crash.
Right now we have panic and everyone is tensed. People are fearing that we night have a lot of unrest in the society. This was portrayed by the panic buying where people where buying and hording anything they can lay their hands on. Everyone is afraid that the worst might happen because an extended economic crisis always results to a social unrest. The social fabric of the American society is becoming unstitched and households have already begun cracking. People are financial stressed and without any income they are wondering how they will pay their credit card loans and students’ loans. Earlier on president Donald Trump had warned that the economy has to be opened as soon as possible because this nationwide closure is increasing the number of deaths as people commit suicide out of depression. Historical data shows than every economic crisis is always accompanied with a hike in suicide numbers. During the 2008 global economic crisis, we had more than 10,000 suicides and during the great depression in the 1930’s, hundreds of thousands of people took their lives. Experts are warning that the same thing will replicate itself in this financial collapse and it will not be a wonder if we see a wave of suicides. This is happening when millions of people are losing their jobs and the entire economy is tanking. This recipe of disaster because we have a few at the top who are greedy, everyone is suffering. The economy is already in a depression and experts are warning that it will be greater than the 1930’s economic fallout. The system has to change because Americans need a system where everyone will benefit and not the few elites at the top.
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The Worst Bank Collapse In History: American, EUropean & UK banks Are On The Brink Of Collapse
The Worst Bank Collapse in History (foto YouTube)
Gepubliceerd op 7 apr. 2020
Bank runs and bank failures is the new reality in many countries as credit crunch is becoming a challenge within this World economic collapse. Some of the biggest banks in the United States, UK, EUrope and all over the World have find themselves in an economic storm that is bigger than the 2008 bank collapse. Right now we are in the middle of an economic collapse that is turning out to be a depression. Because of this the banking industry has also been hit and if this continues, very soon we will have another bank collapse.
In the EUropean Union, regulators had proposed that there should be a drill to simulate and economic crisis and then they would use it to test the capacity of their banks in handling a financial collapse and stock market crash. While regulators planned to carry out their tests this year, a real economic storm hit the entire global economy. The banks are being tested with a real crisis; we have a historic financial impact because of the shutdown of the global economy. All over the World, this economic collapse is visible because factories are shuttered, towns are desolate and airports are empty. This is the biggest economic downturn that the World has ever seen for many years and in the EUropean Union, the economy is expected to shrink by a whopping 4.3 percent.
This economic fallout has strained the banks and everyone is worried that we might have a historic bank collapse. Central bankers and regulators are worried that the strain in the EUropean banks will end up causing a credit crunch despite the measures they have taken to fortify the financial strength of their banks. If this economic fallout persists, many banks will fail and we will have another global banking crisis. Usually, the whole global banking system is interconnected and the collapse of some of the banks will definitely have a domino effect and the entire global banking structure will be affected. Some banks like the Deutsche Bank have had many financial troubles for years and this economic meltdown might be the final blow to these banks.
Andria Enria oversees banking regulation at the EUropean Central Bank and in a recent interview he said that so far the damage has been managed but he emphasized that things might get out of control if this crisis continues for months. This bank collapse is coming at a time when the banking system in EUrope has not fully recovered from the 2008 global financial crisis. The Deutsche Bank is just one example among many banks in EUrope that have not been able to clean up their financial mess. Most banks at the moment are plagued with inefficient operations, meager profitability and much inefficiency because of the bad decisions they made in the past. Unlike the United States the EUropean economy depends on the functionality of banks because more than two thirds of companies in EUrope get their credit from banks while in the American economy, only one third of the companies get their credit from banks. In the US the majority of companies raise funds by selling their shares and corporate bonds. This means that in EUrope the banking sector is closely intertwined with companies. If companies perform well the banking sectors also booms and vice versa.
We might see a wave of defaults and this will automatically be a big financial blow to most of the banks. Most of the banks in EUrope are over leveraged and this means that they have issued excessive amounts of loans. At the moment we have an economic collapse like no other in history and for sure we will have a lot of defaults. Individuals and companies are well all over the World will not be able to pay back their loans. Even if only 20 percent of the loans are defaulted, this will have a lasting Impact to the banking system in EUrope and this might be what will trigger a bank collapse.
Very soon most of the banks might fail; bank runs will be real and this will trigger the biggest banking crisis in history. It will not be a surprise if a few months from now some of the well known banks will no longer be existing. This global economic crisis is acting as the differentiator and at this moment anything fake is being exposed. Our banking system too is being exposed because for many years we have had an artificial system that cannot withstand economic storms. The banking system we know has issued a lot of bad debt and because of this we have a system that is built on sand. The regulators should take note of what is happening at the moment because we need a robust and stable banking system that will serve us even when there is an economic downturn.
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