On the brink of economic recession and world crisis
Everyone already knows very well that the world markets are waiting for a grand collapse, the likes of which history has not yet known. Official financial authorities openly warn the general public about this.
In June, World Bank President David Malpas warned the world about a possible global recession. "For many countries, a recession will be difficult to avoid ... it will be the sharpest economic slowdown in 80 years," he said.
Kristalina Georgieva, director of the International Monetary Fund, told Reuters last month that the outlook for the world economy has worsened significantly since April. "We are in very troubled waters, a global recession is not out of the question."
Renowned economist Kevin O'Leary (a.k.a. Mr. Wonderful) has teased us about the impending "big panic" in the crypto space. "I believe we haven't reached the bottom yet," he said. "No big players have been sold yet, and I think those processes are still ahead."
"I really like the process of the big panic collapse. It's always been a great way to bottom - it's hysteria, it's capitulation, it's huge selling volume, it's total panic in the markets, in the streets - and it's always a great buying opportunity, my friends."
None of the prognosticators of the Great Collapse have given their vision for the timing of this grand event. Although the head of the International Monetary Fund said that "this will be a difficult 22nd year, but it may become even more difficult in 2023... Recession risks will increase in 2023".
However, no one mentions the period and exact dates or the economic rationale. They prepare us in short...
What if we look at the real situation of one of the world's leading economies? Yes, we mean Germany....
The DAX is the most important stock index in Germany.
To borrow words from the legendary series Game Of Thrones - winter is near...
Let's get closer to the case and the facts. Today, the main problem in Germany is energy security. None of the scenarios or plans of the German Chancellor, Mr. Scholz, can solve the problem of gas and oil shortages for the coming winter, which will be caused by the reduction of supplies from the Russian Federation.
A reduction in the volume of gas and oil supplies to the country will inevitably lead to shutdowns of steel, chemical, paper and other industries. Imagine what will happen when Europe's financial locomotive and largest industry starts not to slow down, but to stop....
But let's dig deeper and look at one absurd and, in our opinion, inevitable process of the ECB (European Central Bank) - the announcement: the ECB has officially announced that it will buy the government bonds of Italy, Spain, Portugal and Greece with part of the income it will receive After repayment of the debt, which will be paid by the states of Germany, France and the Netherlands.
In other words, this means that Germany (the EU's number 1 economy) will have to finance its southern neighbors directly. What will happen to the EU after this choice? How will the winter pass in Europe when another of the most important choices for people is at stake: heat, heating, food, people's lives/production, business, profit? Many questions where predicting the answers are very vague.
The financial collapse may even be two-fold, with the first wave likely to occur in December 2022, and if the global financial system is not completely destroyed, the bottom will be seen as a buy signal. However, the complete collapse may come a little later...