Global Economic COLLAPSE Happening NOW as Governments Scramble to Save Financial System

the financial crisis of 2008 never ended in fact if you look at many of the indicators recetas actually getting worse the global economic collapse is accelerating you care for the truth so let me on Vaile that for you let's look at Russia right now we receive the Russian reserve declining to multi-year lows in fact going back to 2009 where we had the deepest point in the recession and of course they have a bolt 400 billion of them right now and I would say that a portion could be you know US denominated assets they need thee would want to get rid of anyway so perhaps in the long run this will not really put a damper on the economy but it is to be seen what's going to happen in the near future let's get into this right away Russia's crisis has no end in sight is $50 oil looms says the OECD's this article is older the Telegraph and it says Russia is going to wards self-sufficiency in the face of following oil prices and tensions with the West that have left no end in
sight the country's economic woes would just have to say that we are in an area right now where we see the falling oil prices really putting a damper on to the ruble Russian currency but we have to really realize that they have put steps in place that are you really there to lessen the harm that this causes so we'll have to look into it further and see what happens let's move on right here again of the Telegraph oil Plymouth after Saudis a twenty-dollar crude is possible Saudi oil minister and oil prices tumbling below $60 a barrel by ruling out any cuts to production at $20 a barrel of oil is something that I covered previously sold seems like this is a number that actually could be a possibility now we had a proximally of $35 a barrel only a few years back and that obviously hurt countries all around the world but if we would expect the same things to happen now if we could very well end up in another financial crisis this is entering to look at when you see how globalization work and how one commodity as important as oil could affect everything in the whole world let's move out into China and see China easing rules to boost lending the stars of The Wall Street Journal whenever a country is in fact having a problem fix it they try and cover it up so we see China right now they're central bank relaxing the calculation of banks loan to deposit ratio this is a huge mistake obviously on their part but they need to do list in order to get things moving whenever you have a crisis never fix it just have a bandaid ND China is relaxing a major street on banks ability to use deposits to make loans this is when you know there's a crisis we saw this back in the Great Depression they did the exact same thing reducing the amount that they need to keep on hand and what happen I'll be asleep we had a major crash that occurred back then the exact same thing happens every time it leads up to every single financial crisis whenever they get more and more risky they have a crush and I'll show you that in the moment let's get into this first the wealth gap​ nothing but garbage this journey that were created in the years before the financial crisis in 2008 which marked the last time they were issued have gained almost 12% this year they shouldn't even be legal anymore but in fact they are doing well we saw what happened with Fannie Mae and Freddie Mac and this is gonna be just another bubble expanding I wrote about it in my book we're talking about what I call the alphabet soup of trashed houses were purchased with a wide range of Mortgage types which could all be considered literally garbage some of the names are subprime interest only erm adjustable rate mortgages and ninja no income no job or after the. Is that the financial institutions handed out loans to people who should never have been given anything you saw people who couldn't get any credit with multiple homes new believe that this could continue on and on to be because housing prices always increase and we saw the failure of that end in Fannie Mae and Freddie Mac literally went bankrupt and the US Army have to be there to step in and pick up the tab going to move on to this Japan approved 29 billion dollar spending package to boost the economy this is out of Bloomberg and they said japan's government approved a 3.5 trillion dollar yen fiscal stimulus package to boost economy after April sales tax hike called consumption to slump golf course the increased taxation and then the economy begins to slide so instead of decreasing the taxes they don't want to admit their faults so they just print that money and stimulated this is what the US did end of course we saw what happened you see an increase in inflation food and electricity prices but of course nothing has been fixed Japan is definitely the center of all of the qen stimulus package has been doing it for decades and nothing has been fixed we have cover this on this show right here and we see it getting worse and worse it is very very unfortunate to see the failure before our very eyes and see how they're not fixing it at all and then another government that doesn't know what they're doing ensure that got 245 million dollar loan under Obamacare is almost broke this article 2 gun is out of Bloomberg showing the failure of the US government and Obamacare startup insurance company loan 245 million dollars by the US government under Obamacare is running out of money and being taken over by state officials in Iowa Obamacare is definitely a failure we see that is not doing nothing but siphoning money from individual taxpayer causing I believe it was 21 new taxes on the individual citizen and here they are going bankrupt in this case and the US government is there to pick up the tab this is definitely not going to work out we see​