Tsunami
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During the 2004 Tsunami, the water from the sea coast suddenly were drawn back to the ocean, and those on the beach were wondering what is happening, having never seen such a phenomena before in their lives.
Few moments later, the seas came roaring back, the tide rising so high carrying those with it, from the coast all the way inland.
Many people were unprepared, because such type of Tsunami, caused by 9.0 earthquake scale only happens once in 100 years accordingly historical records.
Then it happened again in 2012, and even this time many are still unprepared.
Twice within 10 years period, when previously in the past only once about 100 years.
Financial Crisis
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The last 2 financial crises happened on 2001 and 2008 and the fundamentals were never resolved but delayed mainly through massive Quantitative Easing & Fiscal Stimulus, both simply Unlimited Legal Counterfeiting of fiat currency out of thin air backed by nothing.
This is lead by the World Champion Japan whom had been doing so since 1995 and later dwarf by US of up to 3.5 trillion within last 5 years alone. In fact, any other country are doing the same thing, to a tune of over 12 trillion.
If every country is printing their fiat currency backed by nothing but pushing debts and more debts into their future, is there a limit to this.
When will this stop when every nation's debt are being borrowed and snowball to others, whom are also debtors.
Ponzi scheme can always continue as long as there is another fool born, but will eventually collapse when the world runs out of them.
I strongly believe the time is coming before 2018.
Conclusion
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It might be wise to stay prepared and ready before the Tsunami strikes again and the signals are already there. Many European & US banks are already insolvent and only kept alive by covert central banks bail in now. Besides, Japan's central banks are running out of bonds to purchase and is considering buying bonds that need not be paid back.
I continue to wonder, how many actually believes, listens and take action.
Thank you.
By David Lim. 20 August 2016.
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