The End Of The Debt Based Economic Model:
The Greatest Threat To Humankind.
TOTAL ECONOMIC COLLAPSE.
What people fail to understand is the profoundness of the statement made today (2-13-15) byNobel Laureate Robert Shiller,and something I myself have been warning about for years. That is the collapse of the bond/debt market. The structure of the global monetary system is dependent upon debt expansion in perpetuity, therefore when the debt market collapses the entire world monetary system will cease to function at that moment. Banks will close, cash will become near worthless, and all business activity will stop.
Governments will have no choice but to declare Martial law to keep order as public panic and pandemonium explode in the streets of every nation on Earth.
This single event will have a worse effect than a nuclear exchange with regard to the loss of human life as basic resources will not be available to anyone.
What must be understood is the only "job" of the markets is to determine fair market value.
When central banks use "extraordinary measures" attempting to interrupt this mechanism,
massive and dangerous distortions occur which at one point will be "corrected" by free market forces. Gregory Mannarino