Sometimes it can be difficult to imagine the consequences that would follow a collapse of the global economy. In a recent interview, the famous and controversial analyst Greg Mannarino, warns of the dangers that threaten us all.
According Mannarino, we are facing such a serious event that will have a direct impact on almost all people on earth:
"Central banks have adopted a debt-based economic model, which requires that we borrow money from the future in increasing quantities to keep alive our present.
If we had access to these funds from future borrowers inflate our debt and not enjoy the lifestyle we have now.
This has created a population boom: an increase in population that has grown in parallel with the debt.
So, when the debt bubble bursts, it will cause a correction of the population. It's a mathematical certainty.
Millions and millions of people will die worldwide as the debt bubble burst.
As resources become scarcer, we will see the country going into war with one another.
People fight, in the worst cases, for survival and support his family and themselves alive.
There is no way around it.
They understand where to stop all this. So central banks of the world, have negative interest rates, turning upside down the entire financial system.
This is a reflection of the level of desperation. They're charging people to put money in these institutions.
But this move may not work because the system is not designed to run well.
And this tells us how close we are to that fateful moment arrives ... "
As Mannarino says it should be obvious that we are near the critical point it will lead to an implosion of the debt-based system on which all our social structures are built.
When this system falls, so will the life as we have known so far.
Hopefully Mannarino apocalyptic forecasts are not true ...