We are heading into a perilous period where much of the damage control enforced during the 2007-2009 financial crisis by the central banks and government will begin to fail.
Therefore we can expect powerful shocks to occur the system resulting in drastic changes in financial positions, along will titanic geopolitical power plays, accelerating market volatility, major market corrections, bank panics, and often unexpected and sudden large-scale economic failure.
Also during this period, we can expect excessive rationalization by the mainstream financial news media, and unprecedented proclamations by governments, to prevent the loss of credibility with the general populace, as unexpected “volcanic shocks” to the global system continue to intensify.
The chief economist of the world’s third-largest bank, HSBC’s Stephen King, has compared the global economy to the Titanic. He believes that we are now nearer to the next global recession than we are to the last one which ended (at least for the too big to fail Wall Street banks) in June of 2009