SPANISH
June 15, 2015 READ MORE
Will it be chaos or controlled implosion as the Western bubble bursts?
June 15, 2015
Author: Benjamin Fulford
The signs are undeniable that some sort of historic event is imminent. The latest economic news makes it certain that the Western financial system as we know it is about to end. The question is, will there be a controlled implosion followed by a phoenix like revival or, will there be revolution, chaos, anarchy, bloodshed and misery. The answer now lies in the hands of the military forces of the West because the political world, especially in the United States, is dysfunctional.
To understand how serious the situation is, please look at the following chart.
It shows there is about $80 trillion worth of financial products in the United States that has no basis in the real world. During the Japanese bubble I used a similar chart to show the bad debt in the banking system was worth 200 trillion yen at a time when the Japanese government was saying there was only 3 trillion yen worth of bad debt.
Another way of putting it is that US asset prices will have to fall by about 80% before they hit the ground of reality. Japanese real estate prices fell 90% after the bubble burst there. The American bubble is 49 times larger than the Japanese bubble was. It is not a question of if it will burst but when. Denying reality does not make it go away.
Comments