As I’ve said all along – based on my economic and war cycle research – the world is entering a period of unprecedented civil and international unrest.
The root problem is debt. Too much of it, racked up by reckless government spending, made all that much worse by creditors all too happy to enslave their borrowers.
Never mind Greece has its tax cheats, its bloated government bureaucracy and more. Every other country on the planet has them too.
With debts exceeding 177 percent of GDP and growing, due to its rising domestic interest rates – Greece is merely the canary in the coal mine. The burden of exploding unpayable government debts will soon spread throughout the western world.
So will its consequences.
Consider the latest: Early this morning Greece’s authoritarian, fascist-like creditors, the so-called “troika – the IMF, the ECB and the European Commission – rammed some very harsh terms down Greece’s throat.
Exorbitantly high taxes, severe pension cuts, forced sales of Greek government assets, including real estate, perhaps even the country’s gold reserves … and to top it all off, Greece must give up its sovereignty and let other leaders – from the troika – run the country.
Now, Greece’s Prime Minister must sell the deal to his country’s parliament, by this Wednesday.
I can’t tell you if it will be passed, or not. But I can tell you this: Greece and its people are being strip-mined – to protect creditors and bond-holders.
If Greece accepts the harsh terms, civil war will soon erupt in Greece. Between those who wanted to leave the euro, and those who wanted to stay.
Between Tsipras’s Syriza party, which promised relief from harsh austerity measures and even got the people to agree to reject further austerity at the recent referendum …
And the Greek people, who now view Tsipras as a traitor for going back to the troika to even consider accepting the latest, harsher terms.
If Greece’s parliament rejects the deal, Greece will be forced to leave the euro. That’s a far better option for the country, but not so good for Europe.
What a mess. Thing is, as I just said, Greece is merely the canary in the gold mine.
The crisis will soon spread throughout Europe. Italy was lent money at below market rates to join the euro. So was Portugal. Spain. And other peripheral European countries.
And nearly all of them are bankrupt, afloat on the last vestiges of debts that can’t be repaid.
Facing stricter and stricter austerity measures. Becoming increasingly subject to the fascist-like dictates of the troika.
Seeing their economies shrink even further. Seeing unemployment stuck, at best, at high levels. Seeing their countries strip-mined by the Troika, all in the name of protecting creditors.
Experiencing more and more civil unrest.
Never forget: Debt and extreme austerity measures were the root cause of Europe’s depression in the 1930s. Conditions that ultimately gave rise to Hitler. Conditions that tore the continent apart, bankrupting every country in Europe.
And now the great euro experiment – which was intended to prevent a replay of the 1930s in Europe and to instead, peacefully unite the continent …
Is sowing the seeds of its own destruction. For in the end, the euro will blow up in the troika’s faces. It’s merely a matter of time.
It will have vast consequences for all markets. For your wealth. For as I said in my column last week …
“What was once considered safe – like government bonds – will become the riskiest of investments …
While, on the flip side, what was once considered risky – like gold and precious metals – will become the safest types of investments.”
My own research absolutely supports and confirms my conclusions based on the news coming out of Europe, Japan and Washington, D.C.
We are about to see a generational catastrophe that will change everything about how we live, work, save and invest.
The plain truth is, I have NEVER been more worried about the events I see in each day’s headlines – and what they say about the storm clouds now gathering on the horizon.
For the first time in nearly 90 years, several of the most destructive cycles in the financial universe are converging.
They will merge into a massively powerful supercycle starting Wednesday, October 7, 2015.
It will make the Great Recession of 2008 and 2009 pale by comparison for two reasons:
First, it will last far longer. My own models are warning that this crisis will continue – and continually intensify – through December 31, 2020; for more than five years.
And second, it will cut far deeper. Deeper even than the Great Depression of 1929.
This is precisely why I have changed the name of Gold and Silver Trader and it’s also why I’m adding these new supercycle profit opportunities to your membership.
Unfortunately, hundreds of millions of good people will not see this coming and will be numbered among the victims. Mark my words: They will lose everything.
The one piece of good news is that you still have time to prepare. And if you make the right moves now, you could actually USE this crisis to amass more wealth in less time than you may now believe possible.
This is also why I left my home and flew 10,000 miles to Weiss Research Headquarters in Florida: It is absolutely essential that I deliver my current forecasts to the Weiss team and to my readers in person.
I am deadly serious when I say that it is absolutely critical that you attend all three of my online briefings next week; next Monday, Tuesday and Wednesday (July 20, 21 and 22).
At each of these briefings, I will present my evidence. I will give you my forecasts. I will name the investments that I’m convinced will multiply your money many times over as this supercycle courses through the global economy – the very investments I’ll be recommending here in the weeks and months ahead.
Due to your status as a member of my online family, I have taken the liberty of pre-registering you; reserving a seat for you at these briefings.
To attend, simply click this link a few minutes before 2:00 PM Eastern Time (1:00 PM Central, 12:00 Noon Mountain, 11:00 AM Pacific, 07:00 GMT).
Hold all positions, I will update them tomorrow.
Sincerely,
Larry Edelson
Editor, Supercycle Trader
(Formerly, Gold and Silver Trader)
