The Panic Will Start With Property

The Panic Will Start with Property VIA BeforeTheCollapse

The situation is grave. That’s why I don’t say this light-heartedly, but I think it should be said nevertheless.

George Soros made it clear in “The Alchemy of Finance” (1987) that the debt situation became quite unsustainable already after 1982, and has been sustained only by a symbiosis of governments, central banks and commercial lenders, acting in a balance-of-fear type of environment. The banking system has been on the brink of collapse since then.

Finding this out must make one slightly depressed, looking at the mountain of debt we have managed to amass mostly after the 1980s. PWC measured UK total debt to be 500% of GDP in 2012, no...