The International Monetary System & Systemic Risk: When Will the Manure Hit the Ventilator?
[youtube=https://www.youtube.com/watch?v=manTJ2jxges]
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Published on Dec 11, 2014
Today on The Janssen Report (#89): there has been a lot of talk about the collapse of the global economy or monetary system, but when will it actually happen? Although nobody knows for sure, the signs of the accelerating unwinding of the system are there: dedollarization, humongous banking systemic risk (derivatives, debt) and preparations of bail-in scenarios across the G20 nations.
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Many experts seem to agree that it cannot take more than a couple of years before the system crashes. But it could happen as early as 2015. Whether it will be a total collapse or a Big Reset, it will be not be beneficial for your wealth. Act! Buy some gold and silver. If you have little money to spare, consider buying a few silver 1-ounce coins.
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Diversification of assets to other nations is a great option if you know where to go, what to do and how to do it. I will deal with that more in the near future.
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Imagine the epic blow to financial institutions around the globe if their balance sheets start to vaporize. And then imagine what this will do to your personal financial situation.
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