The Elite Know that the Collapse of Society is Coming … After All, They Planned it that Way! By John Steele

     Here is a good article on how the elites know that the collapse of society is coming, and like rats deserting a ship, running down the mooring ropes to get to some sort of “safety”:
  http://theeconomiccollapseblog.com/archives/bankers-and-tech-executives-know-the-collapse-of-society-is-coming-and-are-feverishly-prepping-for-it

“While most of the general population has been lulled into a false sense of security, bankers and tech executives are spending millions upon millions of dollars to prepare for the collapse of society.  Do they know something that the rest of us do not?  Apparently talk of doomsday scenarios has become very popular at Silicon Valley dinner parties, and as you will see below, having a plan to escape to New Zealand appears to be a very popular “Plan B” among the tech elite.  Of course this is not just a west coast phenomenon.  Many bankers on the east coast have similar concerns and have also been developing contingency plans.  Ladies and gentlemen, they know what is coming and they are feverishly getting prepared for it.  In fact, J.P. Morgan Chase’s head quant just publicly declared that the next financial crisis is going to result in “social unrest not seen in the U.S. in half a century.”

     The predictions of social breakdown come from J. P. Morgan Chase’s Marko Kolanovic:
  https://www.cnbc.com/2018/09/04/jpmorgan-says-next-crisis-will-feature-flash-crashes-and-social-unrest.html

“Suddenly, every pension fund in the U.S. is severely underfunded, retail investors panic and sell, while individuals stop spending," Kolanovic said. "If you have this type of severe crisis, how do you break the vicious cycle, the negative feedback loop? Maybe you stimulate the economy by cutting taxes further, perhaps even into negative territory. I think most likely is direct central bank intervention in asset prices, maybe bonds, maybe credit, and perhaps equities if that's the eye of the storm."

In an hourlong interview, Kolanovic said this scenario is less a prediction than a warning about a rising risk. He also said that the chance of a crisis happening are low until at least the second half of 2019. The exact timing of this crisis is uncertain but will be determined by the speed in which the Fed hikes interest rates and reverses bond purchases (a legacy of the last crisis), he said. The developing trade dispute with China could accelerate or delay the end of the cycle as well, he said. Kolanovic closes his report on an ominous note: "The next crisis is also likely to result in social tensions similar to those witnessed 50 years ago in 1968."

     Unfortunately the world 0f 1968 is not the world of today, which is socially more vulnerable and highly susceptible to one point failures, which in turn generate cascading failures (i.e. one breakdown at some critical point, leads to another, and so on):
  https://www.youtube.com/watch?v=pMeJpGZLLzg

 

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Thursday, 29 October 2020
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