We face a global collapse that will rival The Great Depression.
October 22 (King World News) – Alasdair Macleod: “OTC derivatives expanded to an estimated $600 trillion, and that now faces extensive contraction because the major long-term trend is for rates to rise. And the consequences of over-leveraged banks panicking to reduce their balance sheet exposure are poorly understood. With bank balance sheets more leveraged than at any time in history, the scale of the reduction in bank credit will be incredible. Consequently this is not going to be a soft landing. It’s not even going to be a hard landing. We face a global slump at least on the scale of the 1930s…to continue listening to Alasdair Macleod discuss the global collapse that will rival the Great Depression CLICK HERE OR ON THE IMAGE BELOW.
© 2022 by King World News®. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed. However, linking directly to the articles is permitted and encouraged.