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The Great Depression 2.0: Everyone’s talking about it

The Great Depression 2.0: Everyone’s talking about it
Written by madishthestylebar

by Marc Gabriel Draghi.

In recent days, tongues have been loosened and many members of the establishment and powerful entities are beginning to initiate elements of language almost officially recognizing the beginning of a new global financial crisis.

Indeed, personalities from major transnational banks and financial institutions are daring to speak words that the general public has not been used to hearing since 2008.

And even if the Subprime crisis never actually ended (notably with the principles of Too Big Too Fail and generalized Wathever it takes) and started the collapse of Western economies, it seems that in a few weeks, our transnational “elites” officially add the financial crisis to the other “ills” that we are currently experiencing (pandemic, war, etc.).

This economic collapse (or even this financial cataclysm) obviously began several months ago, but it seems that it is in the chapter of the Great Narration that we are being served in the media, so that the populations accept the Great Reset and ultimately the New World Order.

Coupled with the climate crisis, the pandemic risk and the narrative of war, it is likely that the masses will accept this collapse in the same way as in 2008, with a kind of resignation in the face of death, worthy of cancer patients in care. palliatives.

The famous “bad luck fault” as for the virus, could “explain” and justify the total collapse that awaits us.

The fears of the “Big Banks”

Already for several weeks and the beginning of spring, we see that the markets are unscrewing severely with multiple successive crashes, in particular on the side of American companies.

Thus, starting with the promoters of the 2008 crisis, the largest companies on Wall Street agree on one point:

The risks of crisis/prolonged crash/recession/depression are at their highest for a decade.

For the former boss of Goldman Sachs in particular, Loyd Blankfein, a disaster is in preparation:

The banker who says he is “doing God’s work” declared in the program “Face the Nation” on the American channel CBS, “that a recession is a very, very high risk factor” (…) “There is a path. It’s a narrow path” (…) “But I think the Fed has very powerful tools. It’s hard to fine-tune them, and it’s hard to see the effects quickly enough to change them, but I think they respond well. It is definitely a risk. »

To go along with the “senior chairman” of the “firm”, Federal Reserve Chairman Jerome Powell also acknowledged that raising interest rates “will include some pain”, but he also added “that a much worse outcome would be for prices to continue to rise. »

Let us recall for the anecdote that Powell or even Janet Yellen and Christine Lagarde explained to us a year ago that inflation was transitory…

The boss of another “Big Bank” JP Morgan and Chase, Jamie Dimon made an equally surprising statement a few days ago, explaining that he was preparing his establishment to face the “hurricane” coming and advising all investors to do the same. “Right now it’s pretty sunny, things are going well. Everyone thinks the Fed can handle the situation. But that hurricane is right there, down the road, coming our way. We just don’t know if it’s a minor hurricane or Sandy’

We have never experienced any quantitative tightening [resserrement monétaire] of such magnitude, we are dealing with something that could be the subject of history books for 50 years,” continued Jamie Dimon. For him, some aspects of quantitative easing “backfired” on the Federal Reserve, including negative rates, which he called a “huge mistake.”

This observation seems comical when we keep in mind the fact that Goldman Sachs, or even JP Morgan are part of the consortium of large private banks that pilot the American Federal Reserve… Thus, speaking of error for negative rates is all the same pretty cheeky for those who have benefited and organized this system for at least more than a decade…

As explained for several months, the American central bank therefore has no choice but to try to withdraw the overflow of liquidity (which it has caused), in order to stop speculation and allow a landing of the real estate prices (debt/corollary of monetary creation) and thus curb inflation.

In reality, the Fed is proceeding with a monetary contraction which, in the end, will cause a colossal recession, as has been the case on several occasions since its creation in 1913… And of course the Fed, which organizes the dismantling of the world economy through its alchemist monetary policies, then goes on to explain to us that it had no choice but to put out the fire that it itself caused…

The former boss of VISA and now boss of Wells Fargo, Charles Scharf, also issued a “high wind” advisory and described this trend: “The scenario of a soft landing is… extremely difficult to hold in the environment in which we find ourselves today”, indicated the leader of the fourth American bank. While the economy has remained robust, “the question is how long will this last” as the Fed hikes rates to put out the “fire” caused by inflation. “We expect consumers, and ultimately businesses, to weaken, which is part of the Fed’s objectives, but hopefully constructively,” prophesied Charles Scharf.

But there is even more worrying than the analyzes of the “big bosses” of Wall Street. Indeed, the oldest modern central bank in the world, the Bank of England, has said of certain large British banks that in the event of a major crisis, they would no longer be “protected” by the “Too Big” rule. Too Fail”.

The Great Depression 2.0 is already here

In addition, the Bank of England said on Friday it was confident “the main UK banks could be closed without jeopardizing the stability of the financial system or disrupting customers, but it found shortcomings at three major lenders. »

These three institutions with “shortcomings” were the famous Lloyds, Standard Chartered and the great HSBC. Following this official position taken by the institution located in Threadneedle St, the three banks immediately made it clear in separate press releases that they were working to improve their so-called resolution plans.

The Bank of England with this communication aims to demonstrate that it is preventing banks from being “too big to fail”, potentially forcing taxpayers to bail them out, as happened during the global financial crisis of 2007- 08.

But in reality, all of this is controlled communication (Grand Récit), which aims to gently prepare people for the return of a major financial crisis.

Likewise, for Mrs. Georgieva’s International Monetary Fund, which will lower its global growth forecasts for 2022.

On May 24, the director of the IMF had even clearly indicated in Davos within the framework of the World Economic Forum that “the climate around the world economy has darkened…”

The IMF justified its new global growth forecasts by stating that “The war in Ukraine continues. And the slowdown in the Chinese economy appears to be more severe than expected.”

China, this paper tiger, which must destroy the hegemony of the dollar, is indeed taking the hit, in particular because of its strange and hysterical “zero Covid” policies and gigantic speculative bubbles, particularly in its real estate market (see Evergrande) .

Similarly, the other major financial institution in Washington, the World Bank, has already announced that it now expects growth in global gross domestic product of 2.9%, against 4.1% estimated in January.

In a report, the institution chaired by Joaquim Lévy even predicts that the world economy will be between stagflation (which is already the case) or recession for this year 2022… A cheerful program which is announced for the second part of the year…

The European Central Bank for its part seems to be worried about the risk of a new debt crisis in the euro zone.

Remember, at the very beginning of the Covid crisis, in March 2020, Christine Lagarde, president for a few months of the European Central Bank, had made a “blunder” when she had indicated, faced with a dangerous gap in interest rates borrowing between Germany (which refers) and Italy: “We are not here to tighten the ‘spreads’”. Yet it is this differential between two interest rates that weighs on the country’s solvency. In the months that followed, the ECB had logically and broadly demonstrated the opposite. Since the Covid crisis, it has done everything to keep the Italian rate at its lowest, having bought, at the end of April 2022, 723 billion euros of Italian debt… Which, moreover, allows Prime Minister Mario Draghi to liquidate even more the Italian nation…

What we can conclude at the end of spring 2022 is that the crashes that have been shaking Wall Street for several weeks are lasting. They will therefore not disappear, they will even get worse.

And we see it through all these declarations, the summer which has not yet started is likely to be “hot” and we are not even talking about the start of the school year and the fall…

Let’s realize now, what the all-powerful central banks and above them the globalized hyperclass are preparing for us is not yet another decade-long crisis of capitalism. No, what is being prepared is THE Crisis: the famous financial cataclysm that certain Cassandres have been predicting for us for years. And let us be clear, the Great Reset cannot fully come to fruition without a Global Great Depression 2.0…

At the start of summer, the luckiest among us may have vacation in mind. But it could well be that the summer trips to the seaside for 99% of the population will be the last for several years…

On June 13 Robert Kiyosaki, author of the best-selling book “rich dad poor dad” and marketing whiz, issued a stark warning on his Twitter account by explaining that :

“Inflation is about to take off. The best investments are cans of tuna and cans of baked beans. You cannot eat gold, silver or bitcoin. You can eat cans of tuna and baked beans. Food is the most important thing. Starvation will be the next problem. Invest in the solution. Take care of yourself. »

In any case, what stands before us for the next few weeks is a crash in real estate, a constant crash in the equity markets (not only Tech companies), a crisis of liquidity and then solvency States and companies, all this coupled with a spectacular surge in the prices of raw materials and manufactured products. So it’s clear that if we are at least prepared, we may be able to take a little head start to face the cataclysm that is preparing…

source: Deep Geopolitics

sent by Sandrine Virot



#Great #Depression #Everyones #talking

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