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Posted: November 12, 2018
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Another Chinese Bank Run! – This Panic Could Cause a Domino Effect! You Should Do to Prepare for the Imminent Economic Collapse & Stock Market Crash!

 




Monday, November 12, 2018 10:10






Josh Sigurdson reports on the recent bank run out of the Bank of Zigong in Southwestern China. People were lined up down the block in the city of 1.2 million people at all 32 branches according to a social media post. Government officials took down the original post from social media but nonetheless, a contagion begun as photos clearly show panicked people rushing the bank. Shareholders of the Bank of Zigong in Sichuan province absconded with 40 billion Yuan through loans issued to shell companies they had created.

According to economists outside of the country (of course) this could have major repercussions as a domino effect could ensue leading to countless major banks seeing bank runs as well, all starting with the smaller banks. We reported in August on a previous bank run on peer to peer lenders which caused a lot of panic in China.



Overall, China is the world’s greatest powerhouse going forward with their intention to become a world reserve currency with a giant centrally planned cashless society system through the SDR at the IMF. The IMF in fact has been talking about basing their headquarters in Beijing. As the US dollar world reserve currency fails like every other fiat currency, it’s likely to see China on top for at least a couple of years before they too fail due to their massive debt crisis and the fact that, well let’s face it… all fiat currencies eventually revert to their true value of zero. People are very culturally complacent in China. Very accepting of the state’s coercive actions. With social credit and facial recognition, it has gone beyond repair and a technocratic superstate has risen. It’s a test ground for the rest of the world and it’s gaining ground fast. Individuals must reject that system and be self sufficient and financially responsible.

Responsibility is the hallmark of freedom itself. Besides, incredible innovations are being made with decentralized blockchain infrastructure technology with the true potential to replace all of this madness.But, again, the markets don’t get it. Gold dropped the minute this number came out, gold dumped about $10. It was already down on the day, and then it sold off and never recovered. On the other hand, bonds were relatively stable when the number came out. Maybe rates ticked up just a smidgen, but actually bonds rallied on the day. Now maybe the weak stock market had a little bit to do with it, but the irony of it is that you get these numbers that show much more than expected inflation, and what do investors do?

They sell gold and they buy U.S. treasuries. Now, that is the worse thing to do if there’s more inflation. Gold is an inflation hedge. So, if inflation is picking up, you would want to own gold to protect yourself from inflation. On the other hand, the one asset that suffers the most, where the most value is eroded away because of inflation is a bond. A bond is specifically payments of cash in the future, and the more inflation we have, the less that future cash is worth. Are You Prepared For The Coming Economic Collapse And The Next Great Depression ? It is to say that economic developments, financial crisis, stock market collapse speculations, changes in gold prices could lose all of your investments or it can make you money.



Today, millions of Americans say that they believe that the United States is on the verge of a major economic collapse and will soon be entering another big stock market crash and Great Depression. But only a small percentage of those same people are prepared for that to happen.  The sad truth is that the vast majority of Americans would last little more than a month on what they have stored up in their homes. Most of us are so used to running out to the supermarket or to Wall-Mart for whatever we need that we never even stop to consider what would happen if suddenly we were not able to do that when the economic collapse happen. Experts predict that the stock market crash will happen in this year and the economic collapse 2018 is inevitable. When the economic collapse and stock market crash occurs, it will happen quickly. No one will predict it. That’s because the signs of the economic collapse are difficult to see.



For example, the U.S. economic collapse and stock market crash happened on September 17, 2008. That’s the day panicked investors withdrew a record $140 billion from money market accounts.  That’s where businesses keep the cash to fund day-to-day operations. If withdrawals had gone on for even a week, the entire economy would have halted. If the economy collapses, you will not have access to credit. Banks will close. That means high demand, and low supply, of food, gas and other necessities. If the economic collapse affects local governments and utilities, then water and electricity will no longer be available… The Economic Doomsday is here.

The second financial bubble is going to soon burst, and there’s nothing anyone can do about it. The Federal Reserve has set up the American economy for financial collapse for printing trillions of dollars back in 2008 and 2009. The Federal Reserve’s policies of printing trillions of dollars back in ’08-09 have locked into place a serious financial crisis at some point in our future. Going so far as to intimate the financial collapse and market crash will occur at least some time in the next two years, “It’s unavoidable, and even Donald Trump can’t stop it. Top economists predict that within the next 18-24 months, the imminent economic collapse will happen. The Federal Reserve has set up the American economy for financial collapse and market crash for printing trillions of dollars back in 2008 and 2009. The Federal Reserve’s policies of printing trillions of dollars back in ’08-09 have locked into place a serious financial crisis….

because the signs of imminent failure are difficult to see.

How to Prepare for a Collapse

Protecting yourself from a U.S. economic collapse is difficult. A catastrophic failure can happen without warning. In most crises, people survive through their knowledge, wits, and by helping each other. Make sure you understand basic economic concepts so you can see warning signs of instability. One of the first signs is a stock market crash. If it’s bad enough, a market crash can cause a recession.

Second, keep as many assets as liquid as possible so that you can withdraw them within a week. In addition to your regular job, make sure you have skills that you’d need in a traditional economy, such as farming, cooking, or repair.

Keep yourself in top physical shape. Know basic survival skills, such as self-defense, foraging, hunting, and starting a fire. Practice now with camping trips. If you can, move near a wildlife preserve in a temperate climate. That way, if a collapse occurs, you can live off the land in a relatively unpopulated area.

As for cash, it may not be useful in a total economic collapse because its value might be decimated. Stockpiles of gold bullion may not help because they would be difficult to transport if you needed to move quickly. In a severe collapse, they may not be accepted as currency. But it would be good to have a stash of $20 bills and gold coins, just in case. During many crisis situations, these are commonly accepted as bribes.

 

 READING ARTICLES IS NOT ENOUGH. YOU ABSOLUTELY NEED THIS BOOK TO UNDERSTAND WHAT IS HAPPENING IS YOU ARE TO SURVIVE WHAT IS COMING.

 

SOURCE : http://www.mydailyinformer.com/another-chinese-bank-run-this-panic-could-cause-a-domino-effect-you-should-do-to-prepare-for-the-imminent-economic-collapse-stock-market-crash/



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