Josh Sigurdson talks with author and economic analyst John Sneisen about the recently declared recession in Italy as the country’s economy reaches its inevitable end. Alongside the Italian economy we see a standstill in the overall European economy which could lead to a global meltdown.
While this slowdown is widely blamed on the Chinese and US trade tensions, it’s the expected result of massive centralization and insolvent banks across the country. There is a lot of tension as well between the Italian government and the European Union, but overall this had to come down eventually and we can thank the usual suspects. Government, central banks and vast manipulation.
We’ve been warning of this coming recession for years and we are once again unfortunately vindicated. But the sooner the better! The longer these massive collapses are put off, the worse they are going to be!
It now comes down to the people of Italy once again. They must choose. Be independent or be dependent on these massive governments and banks. Self sustainability is key. Responsibility is key. Understanding their money and knowing how to protect their purchasing power is incredible important. There is an everything bubble bursting throughout the world. The US dollar is being swapped out of by countless countries. The banks are bankrupt and Deutsche Bank is falling. There’s a multi-quadrillion dollar derivatives bubble worldwide. There’s a pension bubble, auto bubble, real estate bubbles, student loan bubbles. It’s the everything bubbly for a reason! But there are more solutions than problems in the end which we go into in this video.
Stay tuned for more from WAM!
Don’t forget to check out Mike Maloney’s GoldSilver at the following link:
Video edited by Josh Sigurdson
Graphics by Bryan Foerster and Josh Sigurdson
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