The global financial system is approaching a new round of the financial crisis that began in 2007, it Happened due to the fact that banks have flooded the system "toxic" derivatives, the volume of which approached $1 quadrillion ($1000 trillion), writes Phoenix Capital Research.
Central banks who were responsible for the control of banks, was well aware that their wards become insolvent, and began to take urgent action. As you know, the regulators simply have purchased "junk" debts of financial institutions, you might even say he carried them to the balances of their countries.
Bankers, in turn, felt that they were given the "green light" and continued his game in margined financial instruments. As a result, today the level of leverage in the financial system is even higher than in 2007 in addition, this time whole countries are on the verge of bankruptcy.
Take, for example, Japan
The country's economy is the third largest in the world. The Bank of Japan buys almost all of its debt obligations. In other words, the Japanese bond market is a "giant Ponzi scheme".
Everybody knows what such schemes end. Good examples of this in history more than enough. Now, Japan is no exception and is literally on the verge.
In Europe things are no better. The region's economy is experiencing difficulties, and for quite a long time, as, indeed, Japan.
Take, for example, Italy. The economy of this country since 2008 for the third time has slipped into recession. Germany, which is the economic powerhouse of the Old world, are also experiencing difficulties. Its GDP fell in the second quarter, and quite possibly in early 2015 it also will be fixed by the recession.
In France zero growth for the past six months.
The situation in Europe is gradually heating up. There are multiple political differences. In Spain, Italy, Belgium and even France are seen separatist sentiment.
This is not surprising, because even the Central banks of individual countries have openly expressed dissatisfaction with the policies and rules of the ECB.
Meanwhile in the U.S.
Against the background of Europe and Japan the US economy, of course, looks much better. That States on the rise, says official statistics. However, many experts have repeatedly argued in favor of the fact that the official statistics are by and large is a work of art. Talking about this mainly American experts who, presumably, well familiar with the real situation in the US economy.
In addition to the above problems in the stock markets there is a huge "bubble". According to some estimates, us equities are overvalued to a greater degree than in 2000, it is not Surprising that corporate insiders are getting rid of their stocks at the fastest pace since the technological "bubble".
Russia is ready to collapse
As for our country, these problems in developed countries could not relate to at all. Russia has a very small amount of the national debt. One of the lowest debt levels of individuals by world standards. Moreover, because of sanctions Russia's debt is actually not tied to global financial markets. The debt market practically does not function, so even in the case of panic on the world financial markets Russia will look at it from the side.
Tags: assessment , crisis