99% is unaware

(of the coming collapse) jwr Oh yes, the well-documented book1 provides enough information that a global monetary collapse is going to invade the system. The shocking information is that 99% of the population is unaware of this tsunami2. The quintessence is that the next collapse probably will be triggered inside the unregulated and uncontrollable shadow banking system 3. The insurance system for banking systems is too fragile to cover another crisis for it merely allows one crash at intervals of 50 years4. In a monetary reform only the investments in well hidden metallic forms of precious metals allow us to survive the collapse 5. The banking system only allows to redeem 2% of the bank savings and any greater amount will be causing a breakdown of the system. The only missing link in the book is the estimation of the timing for the breakdown scenario and in order to increase my awareness for the collapse's initiating phase I decided to invest some time to calculate the scenario's timing. The next shock has been estimated by the following mechanism. Since 2009 each $1 increase in GDP has been accompanied by an average $2.50 increase in debt. At some point, the amount of debt required to generate even modest GDP growth will suffocate the economy and trigger another financial shock6. It does not take too much mathematical studies to calculate the economical preview. It may last for another 10-20 years for the eclipse to arrive. The end will be coming like a thief in the night, at least for the 99% I previously mentioned. In their summary the authors suggest readers to recommend this excellent book to others in order to open their eyes like it opened mine.

Fig. 1: Federal debt held by the public as a percentage of GDP, historical data from 1790 to 2012, with projections until 2035.
published in Wikimedia Commons by Coinmanj under Creative Commons Attribution-Share Alike 3.0 Unported license. 1 The greatest robbery of all times (Der grte Raubzug der Geschichte), a bestseller in German language by Weik & Friedrich in Germany. 2 Page 216 in Der grte Raubzug der Geschichte 3 Page 192 in Der grte Raubzug der Geschichte 4 Page 144 in Der grte Raubzug der Geschichte 5 Page 311 in Der grte Raubzug der Geschichte 6 How Long Before Massive Government Debt - Zero Hedge