One of my latest reports!
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Josh Sigurdson talks with author and economic analyst John Sneisen about the looming crash in Sweden.
According to Katalys, Sweden's social life has become financialized. The housing bubbles, especially in Stockholm have become absolutely unsustainable. In fact, the housing market in Stockholm, Sweden has become the second most inflated housing market in the world!
As the derivatives markets heat up and the monetary system begins to tank under the guise of prosperity, the cashless society has become incredibly prevalent in Sweden, more than anywhere else in the world. Only 1% of transactions in Sweden are still done with cash.
Of course, we're talking about the centrally planned cashless society which has been pushed forward in countries like China, India, Australia, Canada and most notably Sweden. With the talk of implementing centrally planned cashless into the SDR (Special Drawing Rights) world currency at the IMF, Sweden seems to be a test ground and it's putting the Swedish people in a very dangerous situation.
While employees are chipped with RFID chips and transit companies use chips in order to pay for tickets, the level of willingness to bow to the state and banking powers at hand is unsettling.
If your money's in the bank, it's not yours, it's the bank's. If your money's ALWAYS going through the bank via digital transactions, legal tender laws and centralization, your money's NEVER yours. It's ALWAYS the bank's and you are essentially in servitude to the banking system, forcing you down a bottomless pit of debt where you're forced to ask for a ladder up from the government and banking system. Talk about Stockholm syndrome.
We at WAM have been calling this system out as it incrementally grows for years only to be laughed at. Well here it is, on full display and people still seem completely apathetic to it. We need to change this by educating people on the dangers of central planning, debt, bank and government manipulation as well as the tricks that people perpetually, gullibly walk right into and find themselves the unknowing victims of.
The fundamentals are off the table due to the level of manipulation in the markets and the monetary system, so we don't know when the crash or bubble burst is going to happen exactly, but we know it's going to happen which is why people need to prepare themselves. This isn't just happening in Sweden, the Swedish people are just getting an early start at something that's bound to take over the world in coming year.
The interest rates have gone negative in Sweden and similarly, the United States is headed for negative territory as well. The Federal Reserve is desperately trying to push interest rates up in order to drop them out when the dollar crashes, but considering between 2008 and 2012 they dropped it 5.5% and that this time it'll have to drop much further, the United States will soon enter negative interest rate territory. This is exactly why the bankers are desperately attempting to push us into a cashless society. You can't have a run on the bank in a cashless society and with bail-ins in place, the depositors' money can simply be taken out of their account and the insurance on the money taken is minimal to nothing. Especially as we recently saw, Mario Draghi of the European Central Bank has proclaimed that the insurance on the money taken may be completely eradicated. We need to understand this in order to change it.
Stay tuned as we continue to cover this crucially important issue.
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