Global Bank CRASH? - All Big Banks Seeing Red As Collapse Is IMMINENT
In this video, I talk with author and economic analyst John Sneisen @TheEconomicTruth about the coming global bank crash as JP Morgan finally sees red year to date meaning that all of the big banks are seeing red for the year.
This is a massive development. We've spoken about it many times before. All banks are insolvent. They have never recovered from 2008 and continue to fall as their cash to deposit ratio shows a minuscule amount of deposits covered. We're talking most usually about 2% and under.
While the fundamentals are off the table due to the level of manipulation in the markets as well as the monetary system and there's no way to put an actual date on the crash, we know it's inevitable and we are seeing some incredibly concerning tell-tale signs arising these past few years.
When a market is completely manipulated and centralized, it always ends with a crash. The problem is, the crash has been repeatedly put off for more than a decade causing the bubble to gain more and more pressure and causing the inevitable crash to become worse and worse. The sooner the crash happens the better for all of us.
We've gone into failing pension schemes and housing bubbles and derivatives bubbles, well this all falls into the same category of the end result of vast centralization.
The trick is, individuals must be independent and rule themselves. Decentralize everything and understand money. Be financially responsible before it's too late.
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Todas estas innovaciones llevara al sistema bancario en el pasado.. ya estamos en un periodo de transición de criptomodedas.. dejara de existir la entidad bancaria como intermediario..
big boys depositing tether to their newly opened account gearing up or the bull...not collapsing, not yet
Socialist systems usually only last 100 years or less, the fed started in 1913. It should have crashed before 2013, what kept the leviathan alive was a crazy amount of life support, and a mountain of reserve currency in other countries to keep it from freefall.
Let me know when the can reaches the end of the road, until then I'll be out planting trees and growin' stuff.
@joshsigurdson, what is your opinion on the Nationalist Party of Canada? I've just recently heard about them. They will be a valid party in the 2019 Federal Election. As you know, it makes little difference which of the 3 main parties are in power, as far as their relationship to the bankers and the status-quo.
So, what do you think - or have you at least heard any encouraging news - regarding this new party?
Am I a bad person for being happy when I hear about the system going wrong?
Let's hope this crash isn't put off one more time. 😂.
We should be really glad! We're lucky, we're the pioneers! When the inevitable happens which is the shift to decentralisation we'll be spoken about in the legends. Lol. Forward ever!
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"They have never recovered from 2008"
I agree, and when the crash comes its going to be worse that the great depression.
Crypto may act as the savior but first they would take a hit as well, for people sell anything that gives them a profit and run for cash
One of Johns most trance like stares I’ve ever seen 👀 👀 👀
Same old game, crash the currency, collect assets, rinse repeat. Mericans think they’re special but the banksters think they’re cattle like the rest of the world
As long as people will keep trusting this monetary system it will survive any type of crisis. What we as potential victims need to do is to create some alternative products to replace the current system. I have a post about this subject where we want to create a product that will replace most products of banks within 5 years. But the problem is that companies like JP Morgan pay a lot of money to attract people who can disrupt their business.