Sweden Heading For MASSIVE Crisis As Bubbles Prepare To Burst!
In this video, I talk with author and economic analyst John Sneisen about the looming crash in Sweden.
According to Katalys, Sweden's social life has become financialized. The housing bubbles, especially in Stockholm have become absolutely unsustainable. In fact, the housing market in Stockholm, Sweden has become the second most inflated housing market in the world!
As the derivatives markets heat up and the monetary system begins to tank under the guise of prosperity, the cashless society has become incredibly prevalent in Sweden, more than anywhere else in the world. Only 1% of transactions in Sweden are still done with cash.
Of course, we're talking about the centrally planned cashless society which has been pushed forward in countries like China, India, Australia, Canada and most notably Sweden. With the talk of implementing centrally planned cashless into the SDR (Special Drawing Rights) world currency at the IMF, Sweden seems to be a test ground and it's putting the Swedish people in a very dangerous situation.
While employees are chipped with RFID chips and transit companies use chips in order to pay for tickets, the level of willingness to bow to the state and banking powers at hand is unsettling.
If your money's in the bank, it's not yours, it's the bank's. If your money's ALWAYS going through the bank via digital transactions, legal tender laws and centralization, your money's NEVER yours. It's ALWAYS the bank's and you are essentially in servitude to the banking system, forcing you down a bottomless pit of debt where you're forced to ask for a ladder up from the government and banking system. Talk about Stockholm syndrome.
We at WAM have been calling this system out as it incrementally grows for years only to be laughed at. Well here it is, on full display and people still seem completely apathetic to it. We need to change this by educating people on the dangers of central planning, debt, bank and government manipulation as well as the tricks that people perpetually, gullibly walk right into and find themselves the unknowing victims of.
The fundamentals are off the table due to the level of manipulation in the markets and the monetary system, so we don't know when the crash or bubble burst is going to happen exactly, but we know it's going to happen which is why people need to prepare themselves. This isn't just happening in Sweden, the Swedish people are just getting an early start at something that's bound to take over the world in coming year.
The interest rates have gone negative in Sweden and similarly, the United States is headed for negative territory as well. The Federal Reserve is desperately trying to push interest rates up in order to drop them out when the dollar crashes, but considering between 2008 and 2012 they dropped it 5.5% and that this time it'll have to drop much further, the United States will soon enter negative interest rate territory. This is exactly why the bankers are desperately attempting to push us into a cashless society. You can't have a run on the bank in a cashless society and with bail-ins in place, the depositors' money can simply be taken out of their account and the insurance on the money taken is minimal to nothing. Especially as we recently saw, Mario Draghi of the European Central Bank has proclaimed that the insurance on the money taken may be completely eradicated. We need to understand this in order to change it.
you are right dear i think that its a political issue
swedes have been domesticated... they are subjects after all...
Europe is an absolute financial mess. It amazes me how many people look at those Nordic countries and try to point to that as a great example of how great socialism is.
You are very right here. It amuses me how this finland I live in is supposed to be uncorrupted and fair paradise when all those labor-unions are loundering money and bureocracy has become so bad for unemployed that they have dropped out of system but thats good because current goverment can again show how monthly unemployment has decreased. One thing that these two guys dont get is that nobody has believed in anything for a long time. After fall of Nazies germans were asked if they were really nazies and if I remember correctly over 80% said that they never really believed to it. They just played along.
domesticated sheeps looking at other domesticated sheep afraid of the freedom where the wolves resides... they are afraid of howling. and in the feces of one another keep warm.
Nice to meet you, @joshsigurdson!
My name is Jonathan Pederson
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Thanks For Your Kind Patience!
What? I've been on since July 2016. You've been on since June 2017... I should be welcoming YOU to Steemit. lmao
LMAO Cheers friend!
Do you live in Sweden?
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Yeah, that's my video. lol
XD
The Johns got the inside scoop on Scandinavia!
Hmm good job.You are correct.
and with the induced immigrant crisis, it is going to be epic. I feel sorry for the Swedish people.
But lets admit the housing bubble has gone worldwide... could be a first domino....
their own doing, 0 sorry.
Which is the first inflated housing market? China?
you don't understand how it works... you have no idea... you can't apprehend chinese thinking... it's another language for your conception of life, devoided of being subject of anyone. the name of the army : PEOPLE LIBERATION ARMY(IES) OF CHINA... the ghosts...
I sure don't understand you. :) But thanks for the reply anyway
i love sweden
Hurray for Scandinavian social democracy & high taxes!
moar! less for you, then your gov spend it and it goes back to the pockets of the markets... they will not be able to keep it.