Thread by @wmiddelkoop

The West is experiencing its worst crisis since WW2. They can and will print more and more ..

I am scared for all poor countries who will be hit even more and don’t have flexible CB balance sheet.

This time the IMF is not able to help because the US doesn’t want them to help!

US is facing a HUGE crisis as well. It’s economy (68% consumption), with little industry (most of the jobs in the service sector) is like a fast moving train crash now. 30mln lost jobs might be very hard to create again. Add the obesity/health crisis and it gets scary indeed ..

Add a looming/returning EURO-crisis and an escalating US-ChinRussia (fin/eco) war to the mix, to understand we are about to enter a second phase even more dangerous phase of this Corona crisis.

When the flu season returns to the Northern hemisphere we might have a second #COVID2019 wave shutting down borders and travel again. At that point (October?!) investors might start panicking again.

They way gold is trading tells me the elite is fleeing to the last (monetary) man standing. Silver and bitcoin and now starting to join the party as both of them will be safe havens as well. $350 trillion of wealth, normally looking for yield, might soon be looking for safety.

Been studying financial crisis for 25y and hope this isn’t the big one.

We never really recovered from the previous (Lehman)crisis. We just added a few new layers of debt.

Even before Corona hit, it was quite obvious we we were playing the endgame (of this $-centric-system)

A fading U$ Empire, facing it’s worst crisis since the 30’s, run by the weirdest President ever, shortly before re-elections, is not only a threat to ChinRussia. Afraid @realDonaldTrump personality can’t handle the current economic crisis. He needs to blame somebody (China)

In The Big Reset I warned about the need for some serious changes for World’s Financial System ‘around 2020’. I envisioned two scenarios.

The positive one: US/EU/China would join forces and use the IMF(SDR)

Two: a conflict between West and East

U$ is clearly preparing for #2

Highly significant what Europe will do now?!

But with Britain and Angela Merkel(?) leaving Brussels seems to be weaker by the day. According to Angela the EU is facing ‘its worst crisis’.

This could even lead to an fin-econ-split between the North (Neuro) and South (Seuro)

It’s time to prepare for the worst and hope for the best.

Some studies say half of ALL small businesses won’t survive. Leisure/travel/tourism/conferences industries might never fully recover

Few understand the risks for the financial system which will suffer huge losses again

So this economic system will evolve in a major financial crisis in the next 12-18 months . All financial will be hard hit (Buffett sold his Goldman shares already)

The Economic crisis, which has already turned into a liquidity crisis which turn into a Solvency crisis (Lehman)

Many weaker economies are already on the verge of collapse. Expect more and more dominos to start falling within the next 12 months. Especially when the IMF is not able to ‘create’ trillions of SDR.

Way too many countries survive on tourism (even Austria en Switzerland!)

Enjoy your 🌞 Sunday

Please tell me when you think my line of thinking is wrong .. or add some major bullet points (let’s skip the minor ones)