Eurozone Debt Reaching CATASTROPHIC Levels Warns Moody's!
In this video, I talk with author and economic analyst John Sneisen about the concern raised by credit ratings firm Moody's regarding national debt in the Eurozone.
There are many things wrong with Moody's, but when Moody's predicts bad news, the news is usually worse.
As John goes into, the private debt to GDP in these countries is hitting catastrophic levels and it's no surprise. The entire EU complex was built around the agenda of bankrupting the populace. A Populace in debt is a populace in servitude.
The charts say it all, there is some seriously turbulent waters to come. This is why people must be self-sustainable and financially responsible. Protect your wealth. Don't be dependent!
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And they call this crypto downturn a 'bloodbath'..... compared to what's coming in the so called 'real economy', they ain't seen nothing yet! (well except for the 2008 financial crash, the Asian Crisis, the Mexican Crisis... I could go on....)
80% of the people in The Netherlands think they will be better of in 2018 then in 2017! ;-(
It will take a very long time for them to wake up to the reality. Germany leads the way!
Thumb up!
The solutions section is on point. I would add any debt to a central bank operating on a fractional reserve with a fiat currency is illegitimate & should be ignored as they have no concideration in the contract/transaction. There would be economic hardship in the short term but the people will recover quickly & benefit in the long run.
Everything is falling down, thanks for sharing this important information!
thank you for this information , you deserve all the best
buy bitcoin ;)
I think you are right that there are even more turbulent times coming. Even though the U.S. stock market is at an all time high, I am not optimistic about the economic future. Stock markets can suddenly crash.
There is clearly a transfer of wealth from PIGS to Germany. The decision to give up monetary policy to the EU was clearly a mistake.
Jon laughs in the face of catastrophe muhahaha!