In this edition of A Minute To Midnite from Jan 26th 2016 Tony and Chris are joined by Michael Snyder, publisher of theeconomiccollapseblog. He informs us that the world has never seen a year begin with such an economic downturn. Michael discusses the stock market that is collapsing, the baltic dry index being at a record low and how things are set to deteriorate further as the year progresses. He tells us what we can expect in the days ahead, and also how he believes we should be preparing to weather the economic storm.
The subject of bank bail-ins is talked about, and how they are very likely to occur in the future. Michael warns us that money in bank is not safe, and informs us that depositors are regarded as unsecured creditors, and therefore in the event of a bank collapse it will be their money that is used to prop up the bank. The situation in Europe and their new bank bail-in laws is looked at, and also how the move to “ban cash” is gathering momentum and is setting the stage to give both Governments, and Banks more control of the people.
Also discussed are the TTPA agreement and Agenda 2030 and how they are tools of the globalists that are being used to advance the world towards a One World Government. The world is enslaved to debt and moving towards a cashless society. Along with the agreements that we are seeing advancing the globalists cause (TTP TTIP etc), and the sinister UN Agenda 2030, the framework is being set by the Elite for the foundation of a Global Governmental system, and with it a global economic system. What we see is the majority of people struggling under a diminishing income, spiraling debts and an increasingly “controlling” governmental system and police state that answers to the giant corporations and central banks.
All in all this is a very informative interview with loads of interesting and useful information on both what to expect, and how to prepare for it.