Davos 2019: IMF Warns “Prepare For A Serious Slowdown” in Global Economy!
The World Economic Forum happens every year and they discuss what matters are most urgent. The events that are critical to the present time. They are some of the world’s most influential people, descending down on Davos in their private jets. Of course, no policy is set here but it gives the public some level of understanding into what these so-called elite have planned for everyone.
Davos billionaires keep getting richer - BNN Bloomberg
https://www.bnnbloomberg.ca/dimon-schwarzman-and-other-davos-a-listers-add-175-billion-in-10-years-1.1201089
billionaire wealth change.jpg (785×368)
WEF_Global_Risks_Report_2019.pdf
http://www3.weforum.org/docs/WEF_Global_Risks_Report_2019.pdf
Gap between rich and poor growing, fuelling global anger - ...
http://news.trust.org/item/20190120235327-1u1rq
Davos no-shows reflect the world in a state of crisis - CNN
https://www.cnn.com/2019/01/19/business/davos-world-economic-forum/index.html
World needs $100 trillion more credit, says World Economic Forum - Telegraph
https://www.telegraph.co.uk/finance/financetopics/davos/8267768/World-needs-100-trillion-more-credit-says-World-Economic-Forum.html
IMF on Twitter: "Global growth projected to decline to 3.5 percent in 2019 before picking up slightly to 3.6 percent in 2020. #WEO https://t.co/1lzr85icmB… https://t.co/fj56lbViGX"
https://twitter.com/IMFNews/status/1087336542643912704/photo/1
Davos 2019: Attenborough warns that the Garden of Eden is no more - live! | Business | The Guardian
https://www.theguardian.com/business/blog/live/2019/jan/21/chinese-growth-lowest-in-28-years-as-davos-gets-under-way-business-live?page=with:block-5c45c4dfe4b00173154a8602#block-5c45c4dfe4b00173154a8602
IMF cuts global growth forecasts as Davos gets under way - business live | Business | The Guardian
https://www.theguardian.com/business/blog/live/2019/jan/21/chinese-growth-lowest-in-28-years-as-davos-gets-under-way-business-live
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The "world" doesn't need 100 trillion more credit,
the banks need 100 trillion more new loans.
If the loans are not created, or refinanced fast enough, the whole fractional reserve lending system implodes.
And when the banking system implodes, many people find that they have no money anymore, which is felt to be a bad thing.
But, for the 90% of people, those who live hand to mouth, this disruption is usually harsh but short as people work out new forms of exchange.
What I could do with that kind of money . Well .... I wouldn’t put it in a fucking bank 🏦 . LOL