Another Crash? Don’t Get Fooled Again!

Another Financial Crash On The Way? Don’t Get Fooled Again!

stock market crash in 2008

Interesting reading in the Guardian newspaper recently.

The world economy is at risk of another financial crash, following the failure of governments and regulators to push through all the reforms needed to protect the system from reckless behaviour, the International Monetary Fund (IMF) has warned.

With global debt levels well above those at the time of the last crash in 2008, the risk remains that unregulated parts of the financial system could trigger a global panic, the Washington-based lender of last resort said.

Speaking this week before the IMF’s annual meeting – taking place next week on the  island of Bali – the IMF’s head, Christine Lagarde, said she was concerned that the total value of global debt, in both the public and private sectors, has rocketed by 60% in the decade since the financial crisis to reach an all-time high of $182 trillion.

Former UK Prime Minister Gordon Brown has challenged the international financial community not to ‘sleepwalk into a future crisis.’

Read the entire Guardian  article here – https://www.theguardian.com/business/2018/oct/03/world-economy-at-risk-of-another-financial-crash-says-imf

Meanwhile, as per usual, the rich are getting richer and the poorer are getting poorer and the gulf is only increasing year after year.

Governments have been printing money like there’s no tomorrow so as to fool us that everything is still okay.

crash

Let’s look at the UK for example:

From way back to the time when the Bank of England was formed in 1694, it took over 300 years for banks to create the first trillion pounds.

… it took only 8 years for banks to create the second trillion.

 

Today cash accounts for just 3% of the total “money” in the economy, yet all our pensions, savings, bonds, annuities and “our” own cash in the bank are based on the other 97%, which are, in case you didn’t know, mainly based on derivatives.

Source: Positive Money

The IMF has gone as far as to warn that we are possibly entering a second “Great Depression”.

It said the huge rise in borrowing by business and governments at cheap interest rates had not shown up in higher levels of research and development or more general investment in infrastructure.

And the ‘smart’ money is already moving into gold and precious metals.

Central Banks around the world are hoarding gold due to fears of global volatility and a potential financial downturn.

They’ve snapped up almost 300 tonnes, yes that’s TONNES in 2018.

The big boys like China and Russia have been well documented.

But did you know that countries that hardly ever buy gold, are jumping on the bandwagon?

India bought 8 tonnes

Poland bought 9 tonnes

Egypt bought it’s first gold since 1978

So overall, that’s 8% more than last year which was also up and amounts to more than $16 billion, yes that’s with a ‘b’.

Our banks are putting your money into gold and making 10% a year on it and at the same time giving you back a measly 1% or so interest – Best scam on earth, right? 😡

Central Banks now own over 1 trillion dollars of gold!

The World Gold Council Managing Director, Natalie Dempster, recently said:

‘Gold is the only reserve asset that’s completely free from political risk…’

Of course, nobody wants a crash which will adversely affect millions of people, but it seems highly likely there is one around the corner…

I don’t want to sound like a doom and gloom merchant but to me it seems obvious that the banks, financial institutions and the rich are preparing so that we lose out and they don’t….

You should too. 

But what are most people doing? Burying their heads in the sand, sadly.

Look at this – crash

The average American only saves 2.2% of their income.

In other words, it would take them over 45 years to save up one year’s worth of living expenses…

 

 

If there’s going to be a crash soon, then the time for taking action has to be now.

Luckily, there are ways and means of mitigating your losses and if you move sooner than later, you may well even benefit from the huge changes that are taking place.

I’m not a financial adviser by any means, just a canny Scot, however I can see how new technology working in tandem with the oldest true store of value on the planet can allow ordinary people to build assets to a level of wealth that they could never have imagined even just a few short years ago.

Have a look at what these people are doing. It might feel like a crash-course but that’s got to be better than the other sort of crash, right?

Keep Smiling!

Robin Morton

Your Black Belt Success Coach

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