Global Banking Will Crash This Fall

Fact checked by The People's Voice Community

A very sophisticated argument and video by Mike Adams of naturalnews has emerged on a rather worrying prediction that global banking will crash as early as this Fall.

Adams claims the US government and the banks will deny this. But then they took the same position over the 2008 toxic debt crisis which set the markets in free fall. Debt is the issue.

Perhaps Jesus was right when he tipped over the moneylenders tables in the Temple in Jerusalem? The principle of debt is fundamentally flawed. When the Roman Catholic church started lending money based on the value of the goods the Knights Templar seized in the Middle East in the 13th century, the machinery of debt-based prosperity was formed.

Naturalnews claim that:

“The coming market crash will be the largest one ever, dwarfing even the dot-com crash of 2001.

Why? Because increased financial interdependency has created a dangerous “hidden monster” in global debt instruments: systemic risk.

Systemic risk is invisible. It’s not apparent in each individual financial instrument, stock trade or derivatives wager. Systemic risk comes into spontaneous existence from the interconnectedness of the systems that run our global financial markets, from computer-driven stock trades to bank computers that compute fractional reserve requirements.

When the next great crash comes — which could happen as early as the Fall of 2015 — it will multiply and accelerate precisely because of these little-understood systemic risks which underlie almost every financial instrument, currency position and banking institution on the planet.”


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