The mother of all financial collapses, and a new beginning

Stefano Fait, forecasting foresight anticipation

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A dysfunctional debt-based monetary system, massive imbalances in the markets, immunity from prosecution for those responsible for the 2007-2009 crash, and inadequate responses on the part of Western central banks and governments have created gigantic, global commodity derivatives bubbles that will most likely burst by year’s end, causing a global financial collapse (Our Dysfunctional Monetary System, Forbes, 6 Feb 2016;Analyst: Here Comes the Biggest Stock Market Crash in a Generation, Fortune, 13 Jan 2016).

In such a scenario, banks would be bailed-in and this would produce huge layoffs. The US would hit the debt ceiling earlier than foreseen and would be forced to issue debt-free money (The Trillion-Dollar Platinum Coin Is Back, Bloomberg, 13 Mar 2015) to fund job-creating government spending.

This would, in turn, cause a worldwide flight from US$, a dramatic loss of confidence in the Federal Reserve, hyperinflation in the States…

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