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Sell Cryptos…Buy Gold

Sell Cryptos…Buy Gold

During the 2006-9 financial crisis, a collapse of the global financial system was avoided by massive money printing, guarantees and allowing banks to value assets at cost rather than market, as well as a panic lowering of interest rates from as high as 6% in the US to zero or negative. Bonds issued by eight major countries currently have negative interest rates from 1 & 2 year debt for Italy up to 15 & 30 year debt for Japan, Germany and Switzerland.

GLOBAL LIABILITIES OF $2 QUADRILLION

Whatever central banks and politicians say, nothing has been solved. On the contrary, risk has grown exponentially since 2006. Global debt has doubled to around $230 trillion since then. If global unfunded liabilities of $250 trillion and derivatives of $1.5 quadrillion are included, the world is now staring at total liabilities and risk of $2 quadrillion.

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