Time Inc is cutting 300 jobs, Toy R Us is in trouble as sales continue to decline. Retail sales numbers are out and sales in each sector has declined. The retail industry is imploding. GM extends shutdown of more plants as inventories build up. 2nd Quarter GDP has taken another hit as the economy rips itself apart.
Bundesbank's warns that they are now looking at the biggest asset bubble they have ever seen and cryptos might cause everything to crash. 
Germany’s top central banker has warned of the dangers from digital currencies, saying that their creation could worsen financial crises. Speaking in Frankfurt on Wednesday, Jens Weidmann, the Bundesbank’s president, acknowledged the creation of an official digital currency by a central bank would assure the public that their money was safe.

However, he warned that this could come at the expense of private banks’ ability to survive financial panics.

The global financial crises has triggered the creation of a glut of unofficial digital currencies such as bitcoin. Dealing with the consequences of this shift towards digitalisation, the Bundesbank president predicted, would be the main challenge faced by central banks.

Central banks have also been called on to create distinct official digital currencies to challenge the popularity of unofficial digital currencies and allow citizens to bypass private sector lenders. Mr Weidmann said:

Allowing the public to hold claims on the central bank might make their liquid assets safer, because a central bank cannot become insolvent. This is an feature which will become relevant especially in times of crisis – when there will be a strong incentive for money holders to switch bank deposits into the official digital currency simply at the push of a button. But what might be a boon for savers in search of safety might be a bane for banks, as this makes a bank run potentially even easier.

The US Gov/Central Banks are going after cryptos now. The Fed makes their move and they raise interest rates. They have now just accelerated the collapse of the economy. As BoA reports when the Fed tightens we end up with an event.

 This video explains the steps one should take to prepare for an Economic Collapse

Via: activistpost.com

The Fed Accelerates The Collapse Of The Economy, The Clock Is Ticking Down

In this episode of the X22 Report: Time Inc is cutting 300 jobs, Toy R Us is in trouble as sales continue to decline. Retail sales numbers are out and sales in each sector has declined. The retail industry is imploding. GM extends shutdown of more plants as inventories build up. 2nd Quarter GDP has taken another hit as the economy rips itself apart. Bundesbank’s warns that they are now looking at the biggest asset bubble they have ever seen and cryptos might cause everything to crash. The US Gov/Central Banks are going after cryptos now.

The Fed makes their move and they raise interest rates. They have now just accelerated the collapse of the economy. As BoA reports when the Fed tightens we end up with an event. The democratic party is now taking it to the next level they are now suing the President. Germany wants complete control of communications and wants to finger print children. India and Pakistan join the Shanghai Cooperation. US soldiers are not fighting in Philippines. Trump give the Pentagon more power to deploy troops. The forces in Syria bring in a missile launcher across the border in Syria. There was an event near DC and a senator was shot. This false flag is now being used for many different agendas.

How to Prepare For An Unthinkable Crisis!

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