i've always reposted this blogger who has a high rate of accuracy;
The coming worldwide financial collapse will be worse than the Weimar Republic in 1923. And worse than America in 1933. A minimum of 3 million Americans starved to death in the 1930s. That is 3 to 7 million deaths out of a total population of 123 million alive in 1929. The demographer Borisov could only give us a range of deaths because statistics were so poor in the US prior to WW II. I have no accurate estimate of Weimar deaths but their suffering was probably worse than in America.
A Depression is a period in time when Unpayable Debts are cancelled en masse. That will be the next Big Thing.
We learned from a FOIA request that the Bail out in 2008-2009 cost us $29 trillion not just $5 trillion. They gave more than $5 trillion just to the New York banks. And they gave money to foreign banks as well.
The US, Europe and Japan have been printing lots of money. Their strategy was to inflate the currency and to give trillions to Bankers while using Covid and the Pandemic to shut down small businesses to have a counter balancing deflation. The lockdowns offset their inflationary gifts to the Billionaires of Wall Street and the City of London.
Total world debt is $226 trillion. There is only approximately $40 trillion in all currencies in circulation: this includes all the physical money and the money deposited in savings and checking accounts. Money in the form of investments, derivatives, and cryptocurrencies exceeds $1.3 quadrillion.
I am expecting a worldwide Hyperinflationary Depression. I expect a few billion human beings to die if we do not soon act intelligently, courageously and decisively.
There are several corruption factors at work here............read more......
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