System Lockup Looms Amid Debt Crisis

Source: The Situation Today Is “Many Multiples More Catastrophic” Than 2008

Financial analyst Gregory Mannarino warns that conditions now are far worse than in 2008, with global markets on the cusp of seizing up. He argues the crisis was caused then, as now, by years of low rates inflating epic bubbles in debt and assets.

With liquidity evaporating as stimulus reverses, Mannarino sees risks again approaching systemic failure. He contends no bailouts can unclog credit markets this time, given the sheer scale of excess.

The analyst warns the debt market rout presages imminent meltdown. With consumers and banks overstretched, he expects a credit seizure to paralyze finance and commerce.

Mannarino argues only understanding the deliberate engineering of crises explains the headlong policies enabling jeopardy. He implies the agenda is totalitarian control via digital currencies rising from the ashes.

While apocalyptic, the analyst highlights historically accurate warnings of swelling danger ahead. He seems to advocate preparations for possible societal breakdown.

For full details, you can read the following article here: The Situation Today Is “Many Multiples More Catastrophic” Than 2008

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