Nationalism will not be responsible for the next Financial Crisis
Globalist publications are already announcing the arrival of the next financial crisis.
What these publications do not say is that this crisis will happen for the same reasons as those of 2008 and while the global financial system is still in the same hands: those of the globalists.
The presstitutes say that the crisis will be the responsibility of the wave of nationalism, which they sometimes dismiss as protectionism. That being the case, they seek to blame the victims of high financial crimes against humanity although those crimes are being committed by globalist bankers.
Why blame the nations that want to separate themselves from practices and entities that brought down the world economy so many times? Because nationalism is totally against globalism, which is what bankers want to implement across the planet.
In a totally globalist and hyper-connected system like the present one, globalist bankers can do and undo at will and without having to answer to anyone. They can destabilize the system literally by clicking on a button and later blame it on nationalism or as they used to say before, the business cycle.
We all know that the financial markets are totally manipulated. They are a sham, a deception, and it is precisely through this deception that the big corporations and the bankers maintain control of the global economy.
They grow economies by intervening in the purchase of shares with artificially inflated values and take it to bankruptcy when they sell those shares massively.
The fact that major financial crises happen almost immediately after economic booms is no coincidence. With each financial bust, the super rich take ownership of more property and with each financial boom they consolidate their power.
We must remember that bankers and corporations have an unlimited source of money, which they do not even print anymore, but electronically add to their business and personal accounts.
With that false money they buy properties and wealth all over the world and in each crisis they make their own corralito robbing the world economy of the liquidity that they artificially created.
Criticism of the globalist media to countries that choose nationalism is not issued because their writers do not want cohesive countries, but because nationalism directly subtracts power from their owners, the bankers.
Preliminary panic alarms are being sounded by “experts” of the IMF, who see increasingly close risks that until now seemed distant. They refer to “global dangers”, capable of going around like a boomerang.
The problem is not now. But tomorrow, they say. According to their, the world GDP will grow this year and the next one at about 3.7%.
Meanwhile, IMF director, Christine Lagarde, says, many countries have not taken advantage of the bonanza to get their houses in order.
Among the threats that are glimpsed, the most pressing is what mass media calls “commercial war”. With that they refer to America’s trade sanctions against China. In addition, the IMF cites global debt, financial tensions in emerging countries, rising oil prices, the rise of populist leaders with agendas that trigger uncertainty and many others.
In Europe, above all, political risks worry, with doubts growing around Brexit and the plans of the Italian Government.
Raghuram Rajan, one of the few economists who in 2005 warned of the imbalances that would end in the Great Recession, admits there is a difficulty in anticipating when the next crisis will come.
On the one hand, he highlights the strong growth in the US. On the other hand, he points out the high levels of debt, interest rate hikes, threats to trade, high prices of raw materials and the vulnerabilities that some countries present.
“It is not easy to predict if these vulnerabilities are going to become mini-crises, and if these mini-crises will do so in larger ones. The sooner the threat of commercial war disappears, the better it will be for everyone. But rate hikes are inevitable. We cannot definitively postpone the normalization of monetary policy,” adds Rajan.
Nobody in the IMF dares to take out the crystal ball, but they do lament the weaknesses that have now been exposed.
In Bali, Christine Lagarde asked three questions: Is the economy strong enough? Is it safe enough? And have the benefits of these years of growth been sufficiently shared? The head of the Fund responded with a “no” to the three questions.
The growing strength of the dollar and the increases of the rates decreed by the US Federal Reserve tighten the nuts to the emerging economies, which are heavily dependent on foreign capital.
These countries benefited from a barrage of dollars in the ultra-cheap era, and now they see that things get complicated.
It has long been known that this policy had an expiration date, but tensions are now coming to the surface. A hopeful symptom is that, for now, the contagion of the problems of Argentina and Turkey to other developing countries has been very limited or null, but given the interconnectedness cited at the beginning it would be very easy to trigger larger effects both in Latin America and eastern Europe. All that the globalists need to do is withdraw their dollar investments in a more forceful way for emerging economies to become more vulnerable.
According to the calculations of the Fund, the global debt, which includes public and private, reaches new highs: $182 billion. Following its evolution gives a certain vertigo: it already exceeds its level of 2007 by more than 60%.
We must remember who is responsible for lending to private and public debtors. It is not those who promote nationalism and who want independent governments. It is the bankers themselves. The same people who are warning that nationalism will bring about the next financial debacle.
After the global financial crisis, the public debt of developed countries soared due to stimulus measures and bailouts. Central banks decided to save the very same institutions that had caused the financial crisis and rewarded them with trillions of dollars for their irresponsible behavior.
While the heads of the IMF asked the leaders of the United States and China to reduce the trade war, the US vice President, Mike Pence, accused China of interfering in the US legislative elections in November.
The Chinese Foreign Minister, Wang Yu, responded that he demanded Trump to put an end to his “wrong actions”, which, he said, threaten the national interest of the world’s second largest economy.
In the Fund they watch with special attention the agreement that Trump started earlier this month with Mexico and Canada to replace NAFTA.
The question is whether this is an exclusive model for the three countries of North America, or if, on the contrary the US president intends to export this example to reconfigure commercial pacts with other countries of the world on new bases.
The IMF sounds the alarm of a financial crisis because it does not know what objectives the United States is pursuing.
While this is not clear, Lagarde asks world leaders not to get carried away by “a collective amnesia”. She said leaders should not forget all the bad that brought the protectionist wave of the interwar period.
The commercial conflict is juxtaposed with currency. Washington insists that Beijing manipulates the yuan’s price to boost its foreign sector, which is true.
In the Fund they claim to have no proof of this manipulation, and they encourage China to maintain a flexible exchange rate.
From the American perspective, their government will do everything is needed to maintain the “efforts to confront restrictive business practices around the world”. This was the message issues last week by Secretary of the Treasury, Steven Mnuchin.
The Fund’s warnings of a worsening global climate should only be read as a sign of its failure to predict other crises, which has not yet been forgotten. Furthermore, the real reason of the financial crisis of 2008 are the very same practices that the banking system, including the IMF promote after every financial crisis occurs. It is like trying to cure alcoholism with a fresh dosis of free vodka.
Do you want a detailed explanation about how crises are manufactured? Watch below.