Global Banks are Dead in the Water

Harry_headshot-150x150Anyone who doesn’t recognize that we’re facing a serious debt and financial bubble has either been living under a rock, or has retreated into their own fantasy la-la-land to cope with just how bad central bankers and governments have let things get.

News flash: they’ve gotten pretty damn terrible!

Banks have taken on too much bad debt that keeps turning into more non-performing loans, and we’re especially seeing that now in countries like Greece and Italy. But instead of restructuring those loans to let their stock and bondholders cover the losses, banks are resorting to what I call financial magic tricks.

Since 2008, the response to the global debt crisis has been to pump more free money and stimulus into the system to keep our financial institutions from imploding. That’s just crazy!

When will people learn that you can’t fight a debt problem with more debt!? And that restructuring debt is healthy long-term despite the short-term pain.

I see this all coming to a head, and much sooner rather than later.

The first trigger of the global debt crisis is going to come from Europe, where I see the banks and the economy being the weakest. Italy is the next Greece and it is simply too big to bail out. After that, it will be a domino effect. Then, when China finally blows… it’s game over! No stimulus plan will be able to cover that one.

Mark my words: the global banking crisis is here, and if you don’t start preparing for it now (or at the very least acknowledge that there’s a problem), you’re going to have your ass handed to you in the years ahead.

I’m not telling you this to scare you.

I’m telling you this because I’m determined to help you avoid the financial ruin that will befall the majority of investors in the next crash, and to help you take advantage of the opportunities that can arise in this chaotic environment.

What I refuse to do is sugar-coat the facts.

So, to get the full scope of this debt crisis, you’re going to want to read the infographic below…

Banking Infographic Preview 2016

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Harry

Follow me on Twitter @harrydentjr

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Categories: Debt

About Author

Harry studied economics in college in the ’70s, but found it vague and inconclusive. He became so disillusioned by the state of the profession that he turned his back on it. Instead, he threw himself into the burgeoning New Science of Finance, which married economic research and market research and encompassed identifying and studying demographic trends, business cycles, consumers’ purchasing power and many, many other trends that empowered him to forecast economic and market changes.