Experts' warning: Future global economic crisis worse than that in 2008

The attack will be greater than in 2008, Nouriel Roubini warns, and with it many colleagues agree, among other things, Peter Schiff.

The big banks are in greater danger than ever before. Today they are more exposed to attack by recession, systemic risks of the economy, so they are generally higher than what was in 2008”, Siff said.

According to him, some banks had to be allowed to collapse ten years ago.

The social peace that some governments defend is actually a mistake and they saved banks that should be allowed to fail. Unfortunately, this recent crisis has not taught us. We have repeated and spread all the mistakes that caused the last crisis, and thus “secured” that the future crisis will be much worse”, he said.

According to him, all the problems that caused the 2008 financial crisis are even bigger today.

Even worse monetary and fiscal policy from the last crisis guarantees that the future will be even worse. The crisis will be similar only in which the government is guilty and everyone will be surprised, but it will be different in what will be much worse”, Siff said.

He adds that if a new crisis different from the previous, which erupted due to the hostage debt, the dollar and the gold, the new crisis would characterise US slavery debt.

The “The national workshop will be the starting point, the episode of the crisis, the dollar will fall, the gold prices will rise, consumer prices will rise ...” warns economist. /kp