Read the Beforeitsnews.com story here. Advertise at Before It's News here.
Profile image
Story Views
Now:
Last hour:
Last 24 hours:
Total:

The Coming Societal Crush From Disintegration In The Global Financial System

% of readers think this story is Fact. Add your two cents.


The Death Of The Dollar And The Entire U.S. Financial System

The coming banking collapses, and the coming failure and disintegration in the global financial system (monetary, credit, and financial asset meltdown), is going to be fast and chaotic — and will crush society and the way of life as we know it.

What will be the mechanism of the societal crush?

An intertwined systemic banking crisis coupled with a ‘just-in-time’ supply chain contagion.

The likelihood of a food security crisis within days in the directly affected countries and an exponential spread of production failures across the world beginning within a week.

This will reinforce and spread financial system contagion.

The longer the crisis goes on, the greater the likelihood of its irreversibility. This could be in as little as three weeks.

-David Korowicz, “Trade-Off: Financial System Supply-Chain Cross-Contagion”

 “Conquering the Coming Collapse” – Real, Proven Survival Strategies When Money Turns Into Dust

The systemic risk:
In the globalized economy, the growing complexity of interconnectedness, interdependence and the speed of processes (‘JIT’ just-in-time), coupled with the de-localisation of production have magnified global vulnerability and opened up the possibility of a rapid and large-scale collapse.

When you think about it, it makes sense. It’s logical. It’s complicated, but then again it’s not…

In a complex and interdependent economy, fewer failures are required to spread cascading failure through socio-economic systems. The risk of cascading failure occurring has increased significantly and will result in a sort of ‘domino effect’ of failures that unfortunately most people have problems seeing or planning for.

The likely cause of such an event would be a large-scale financial shock.
The scenario:

Failing banks, fears of currency re-issue, fears of further default, collapse in Letters of Credit, and growing panic directly quickly shut down trade in the most affected countries.

As the week progresses factories close, communications are impaired, social stress and government panic increases. After a week almost all businesses are closed, there is a rising risk to critical infrastructure.

Almost immediately internal trade and imports stops in the most affected countries, and there is impairment in a growing number of other countries. Trade is impaired globally via a credit crunch.

This undermines exports from some of the most trade-central countries, with some of the most efficient JIT dependencies in the world. This cuts inputs into the production and trade into countries that were initially weakly affected by direct financial contagion.

Globally, the spread of trade contagion depends on complexity, centrality, and inventory times and once a critical threshold is passed spreads exponentially until the effect is damped by a large-scale global production collapse.

Once the financial system contagion crosses a particular threshold the destabilization of the globalized economy will be exceedingly difficult to arrest; this point may be in as little as ten days.

Once a major system collapse occurs, scale, hysteresis, entropy, loss of critical functions, recursion failure, and resource diversion is likely to ensure that the features associated with the previous dynamic state of the globalized economy can never be recovered.


CONCLUSION:
We are living in an unprecedented time of growing risks within a complex inter-dependency of major global systems for our very survival. We need to transition out of, and prepare for, a system which is seemingly teetering towards collapse and failure. Should the dominoes start falling, it will already be too late to significantly prepare. I do not know when this will happen, but I believe that it will happen. It will be life-altering and devastating (and deadly) for many. While even the prepared will be affected, those who stick their head in the sand will be affected much worse.

Financial System Collapse, War With Russia And China, Or Both? “Conquering the Coming Collapse” – Real, Proven Survival Strategies When Money Turns Into Dust 4 Steps to Get Out of Debt Fast – Conquering the Coming Collapse What’s Your Exit Strategy?(Conquering The Coming Collapse: Real, Proven Survival Strategies When Money Turns Into Dust) A Coming Collapse: Signs Of The Times Is A ‘Partial’ Economic Collapse Possible? Economic Thread 89 Tips That Will Help You Prepare For The Coming Collapse The Economic Collapse Warning Sign You Need To Know Financial System Upside Down -Blame Game on Coming Crash -Bill Holter & Greg Hunter Video How China Can Cause The Death Of The Dollar And The Entire U.S. Financial System

source: modernsurvivalblog.com

www.patriotnetdaily.com

The post The Coming Societal Crush From Disintegration In The Global Financial System appeared first on Patriot Net Daily.


Source: http://www.patriotnetdaily.com/crush-global-financial-system/


Before It’s News® is a community of individuals who report on what’s going on around them, from all around the world.

Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.

"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.

Please Help Support BeforeitsNews by trying our Natural Health Products below!


Order by Phone at 888-809-8385 or online at https://mitocopper.com M - F 9am to 5pm EST

Order by Phone at 866-388-7003 or online at https://www.herbanomic.com M - F 9am to 5pm EST

Order by Phone at 866-388-7003 or online at https://www.herbanomics.com M - F 9am to 5pm EST


Humic & Fulvic Trace Minerals Complex - Nature's most important supplement! Vivid Dreams again!

HNEX HydroNano EXtracellular Water - Improve immune system health and reduce inflammation.

Ultimate Clinical Potency Curcumin - Natural pain relief, reduce inflammation and so much more.

MitoCopper - Bioavailable Copper destroys pathogens and gives you more energy. (See Blood Video)

Oxy Powder - Natural Colon Cleanser!  Cleans out toxic buildup with oxygen!

Nascent Iodine - Promotes detoxification, mental focus and thyroid health.

Smart Meter Cover -  Reduces Smart Meter radiation by 96%! (See Video).

Report abuse

    Comments

    Your Comments
    Question   Razz  Sad   Evil  Exclaim  Smile  Redface  Biggrin  Surprised  Eek   Confused   Cool  LOL   Mad   Twisted  Rolleyes   Wink  Idea  Arrow  Neutral  Cry   Mr. Green

    MOST RECENT
    Load more ...

    SignUp

    Login

    Newsletter

    Email this story
    Email this story

    If you really want to ban this commenter, please write down the reason:

    If you really want to disable all recommended stories, click on OK button. After that, you will be redirect to your options page.