by Mac Slavo, SHTFPlan:
The time is nigh.
The crash is coming. It’s waves can be felt pulsing through the system, foretelling its arrival.
But how long will it be until it hits, and how big will its magnitude be?
According to Yale’s Vikram Mansharamani, it is only months away.
Via London Express:
FINANCIAL bubbles across the globe are imploding and the problem is only set to get worse... Prices are falling around the world thanks to the collapse of China’s debt fuelled economic growth and this has triggered a succession of disastrous events that are starting to be realised, according to Vikram Mansharamani, an author and, lecturer at Yale University.
Fears are growing that the world could face a financial crash of unprecedented levels and could even be just six months away.
Bubbles created by the mountain of cheap money made available by low interest rates since the last financial crisis are now starting to burst, said Mr Mansharamani.
Mr Mansharamani added: “We’ve got a bubble bursting, I would argue, in Australian housing markets — that is beginning to crack; South Africa — the whole economy; Canada — housing and the economy; Brazil. We can keep going on and on.”
The details have come out in warnings posted here at SHTF and elsewhere, but the Federal Reserve’s quantitative easing program changed the metabolism of the global economy.
Like a diabetic or a heroin addict, people in the United States, and in countries abroad all borrow on cheap credit, and face a debilitating spike now that repayment is being demanded – all while oil prices have bottomed out and destroyed the fragile livelihoods of those who depended upon these and other commodity prices.
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