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Josh Sigurdson talks with author and economic analyst John Sneisen 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.
Stay tuned as we continue to cover these important issues.
Video edited by Josh Sigurdson
Graphics by Bryan Foerster and Josh Sigurdson
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