{"id":13175,"date":"2015-10-09T06:07:19","date_gmt":"2015-10-09T11:07:19","guid":{"rendered":"http:\/\/olduvai.ca\/?p=13175"},"modified":"2015-10-09T06:07:19","modified_gmt":"2015-10-09T11:07:19","slug":"why-are-the-imf-the-un-the-bis-and-citibank-all-warning-that-an-economic-crisis-could-be-imminent","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=13175","title":{"rendered":"Why Are The IMF, The UN, The BIS And Citibank All Warning That An Economic Crisis Could Be Imminent?"},"content":{"rendered":"<h3><a href=\"http:\/\/theeconomiccollapseblog.com\/archives\/why-are-the-imf-the-un-the-bis-and-citibank-all-warning-that-an-economic-crisis-could-be-imminent\" target=\"_blank\">Why Are The IMF, The UN, The BIS And Citibank All Warning That An Economic Crisis Could Be Imminent?<\/a><\/h3>\n<p><a href=\"http:\/\/theeconomiccollapseblog.com\/archives\/why-are-the-imf-the-un-the-bis-and-citibank-all-warning-that-an-economic-crisis-could-be-imminent\/question-sign-red-public-domain\" rel=\"attachment wp-att-9320\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-large wp-image-9320\" src=\"http:\/\/theeconomiccollapseblog.com\/wp-content\/uploads\/2015\/10\/Question-Sign-Red-Public-Domain-460x345.jpg\" alt=\"Question Sign Red - Public Domain\" width=\"460\" height=\"345\" \/><\/a>The warnings are getting louder.\u00a0 Is anybody listening?\u00a0 For months, I have been documenting\u00a0<a title=\"on my website\" href=\"http:\/\/theeconomiccollapseblog.com\/\">on my website<\/a>\u00a0how the global financial system is absolutely primed for a crisis, and now some of the most important financial institutions in the entire world are warning about the exact same thing.\u00a0 For example, this week I was stunned to see that the Telegraph had published an article with the following ominous headline: \u201c<a title=\"$3 trillion corporate credit crunch looms as debtors face day of reckoning, says IMF\" href=\"http:\/\/www.telegraph.co.uk\/finance\/economics\/11916485\/3-trillion-corporate-credit-crunch-looms-as-debtors-face-day-of-reckoning.html\" target=\"_blank\">$3 trillion corporate credit crunch looms as debtors face day of reckoning, says IMF<\/a>\u201c.\u00a0 And actually what we are heading for would more accurately be described as a \u201ccredit freeze\u201d or a \u201ccredit panic\u201d, but a \u201ccredit crunch\u201d will definitely work for now.\u00a0 The IMF is warning that the \u201cdangerous over-leveraging\u201d that we have been witnessing\u00a0<a title=\"\u201cthreatens to unleash a wave of defaults\u201d\" href=\"http:\/\/www.telegraph.co.uk\/finance\/economics\/11916485\/3-trillion-corporate-credit-crunch-looms-as-debtors-face-day-of-reckoning.html\" target=\"_blank\">\u201cthreatens to unleash a wave of defaults\u201d<\/a>\u00a0all across the globe\u2026<\/p>\n<blockquote><p>Governments and central banks risk tipping the world into a fresh financial crisis, the International Monetary Fund has warned, as it called time on a corporate debt binge in the developing world.<\/p>\n<p>Emerging market companies have \u201cover-borrowed\u201d by $3 trillion in the last decade, reflecting a quadrupling of private sector debt between 2004 and 2014, found the IMF\u2019s Global Financial Stability Report.<\/p>\n<p><strong>This dangerous over-leveraging now threatens to unleash a wave of defaults that will imperil an already weak global economy, said stark findings from the IMF\u2019s twice yearly report<\/strong>.<\/p><\/blockquote>\n<p>The IMF is actually telling the truth in this instance.\u00a0 We are in the midst of the greatest debt bubble the world has ever seen, and it is a monumental threat to the global financial system.<\/p>\n<p>But even though we know about this threat, that doesn\u2019t mean that we can do anything about it at this point or stop what is about to happen.<\/p>\n<p>&#8230;click on the above link to read the rest of the article&#8230;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Why Are The IMF, The UN, The BIS And Citibank All Warning That An Economic Crisis Could Be Imminent? The warnings are getting louder.\u00a0 Is anybody listening?\u00a0 For months, I have been documenting\u00a0on my website\u00a0how the global financial system is absolutely primed for a crisis, and now some of the most important financial institutions in [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2],"tags":[1733,1269,3405,175,195,239,5983,1603,418,434,481,4901,822,826],"class_list":["post-13175","post","type-post","status-publish","format-standard","hentry","category-economics","tag-bank-for-international-settlements","tag-bis","tag-citibank","tag-credit","tag-debt","tag-economic-crisis","tag-economiccollapseblog","tag-global-financial-system","tag-imf","tag-international-monetary-fund","tag-leverage","tag-michael-snyder","tag-un","tag-united-nations"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/13175","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=13175"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/13175\/revisions"}],"predecessor-version":[{"id":13176,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/13175\/revisions\/13176"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=13175"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=13175"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=13175"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}