At Risk Of Losing Trillions

in #money3 years ago

The IMF just released their annual report detailing global economic stability and they suggested that there might be trillions of dollars in US wealth that's at risk of being slashed in the next financial crisis.

Various financial experts have increasingly warned that we could see a recession coming sometime soon or within the next several years.

Economists have suggested that thanks to trade wars and growing interest rates, there is an increasing chance that a recession might hit the United States. Other risks that have been identified which might drastically impact economic stability include concerns over the Brexit deal, and more.

According to the recent report from the IMF, they suggest that the overall wealth that's been accumulated from the 17 most advanced economies in the world, is now trillions of dollars less than it was back before the previous financial crisis.

It's estimated that the combined wealth for those countries is roughly $11 trillion lower than it was before the last financial crisis. They suggest that for several years now that the net worth of the United States has been in decline.

Liabilities

State and local government retirement pensions are said to be one of the biggest financial risks, and nationwide it's suggested that some pension funds are underfunded by roughly 8 percent of the GDP.

Using a previous stress test, that had been developed by the Federal Reserve, the IMF suggests that a serious recession could potentially cut the value of publicly held assets in the country by an amount that's equal to roughly 26 percent of the GDP by 2020.

They estimate that in the event of such a recession, that real estate prices would plunge, along with a dramatic rise in defaults on mortgages, student loan defaults would increase as well, stocks would collapse, and overall debt would quickly surge.

But while some say it's just a matter of time before a a financial crisis takes place, other financial experts insist that we have nothing to worry about. Some say that thoughts of a recession taking place in the next few years are unfounded and they have waved off worries of anything concerning making its way down the pipe.

Despite the naysayers though, it appears that there is a growing number of economists and other financial experts who are suggesting that it's only a matter of time before we start to see an economic downturn. Financial experts like Jim Rogers and others, have suggested that we could be only a few years away from seeing the US dollar lose global dominance.

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I really do not know what to do but at least we have @steem and @steemit Sir @doitvoluntarily

And we got you around here too @ionlysaymeep

You complete me @ionlysaymeep

You are my first steemit friend @ionlysaymeep

I am no where near prepared but better off than most. Thank you for the content. Curation successful.!

Posted using Partiko Android

I am no where near prepared but better off than most. Thank you for the content. Curation successful.!

Posted using Partiko Android

Financial crisis, a word that scares citizens above all, that is behind a financial crisis only those who are involved in governments know it

Lies, lies and more lies.

The problem is there has been no increase in wealth in any of the developed countries in 50 years.

Real wealth is the ability to create things. Factories. Machines. Skilled workforce.
All of that has been gutted.

So, the increase has only been on paper.
And if it is ever marked-to-market, we are going to see Trillions disappear overnight.

If any of the big stock exchanges were actually audited, we would find that 5 stocks are sold for each that exist. So, overnight, 80% of that "wealth" will disappear.

And the pensions are so seriously underfunded that the only thing that will save them is a national epidemic. But with the FDA spearheading the poisoning of america, they might get it.

So, it isn't a risk, it a sure thing. It is only a matter of when.
The emperor has no clothes. All that is left is for some child to say, "why is the king naked?"

The US$ will not leave reserve world status until something else becomes big enough to take over. The Yuan won't do it, the Euro will die first...
The only thing that will replace it is bitcoin.

The economy is falling everyday. even with a rise in minimum wage, the prices of goods and services increasing. You can't beat the system

This sounds pretty scary @doitvoluntarily
Thank you for the heads up so that some of us can prepare if there is a way or at least know what is going on.

@doitvoluntarily Thank you very much for sharing the information, this is alarming, although I live in a quite distant country, whenever the economy was bad in that country the waves reached Argentina. At this moment we are attaching a great economic cricis, with another one, I do not know what will happen
I wish you a great day