Four Events that will trigger the next Global Financial Crises

There are some foretelling signs that shows that the global financial crises is looming,

For some times now, Governments around the world are facing an upward task of balancing there sheet when it comes to financing. But the inevitable is here. The governments are in territories that have never been before. The interest is at its lowest in decades and Quantitative Easing is no longer feasible. Printing more money will lead to hyperinflation. Everything is pointing to a looming doom!

Here are the four Events as it unfold

1. Government Debt

As said earlier that we are now in the territories we have never been before in history of humanities. The Global Financial Debts is in trillions of Dollar. The world reserved currency ($) is weakening by the minutes. Interest is at its all time low and debts are at all time highs. It is not the matter of when that we are going to succumb to the load of debts. We are only hanging by a thread.

2. Negative Stock Market Returns

The Stock Market has been yielding negative returns now. The Central Bank also injects money into the markets by lending at artificially low rates through schemes such as Quantitative Easing. There are no new investors for now. It has been a buy back from the Parent company keeping the Stock afloat and discouraging Investors more not to trust and invest in the Stock Market.

3. Bankers Negligence

In my country, certain coordinated attacks are being carried out to customers having bank accounts and up till now, nothing neither urgent nor drastic has been done about it. Millions of customers' savings have been wiped out from their accounts by account holders with no traceable I.Ds. It is quite funny that at this present age and time the banks don’t have a proper records of their customers and accounts are not been frozen on a report of stolen customers savings. I could write an epistle about the bank failings in our time. Unnecessary charges by bankers on debit card maintenance, account maintenance, SMS charges… the list is endless. With all this events unfolding, people are gradually losing trust in banks and looking for alternative way to safeguard their wealth.

4. Debt from Burrowing (Burrowers’ War)

I was speaking with a friend working at Microfinance Bank. He was telling me the trend that’s happening. I called it the burrowers’ war. There are more lenders than burrowers; lenders are now at the mercy of the burrowers. The trend started when all the Microfinance Banks failed to satisfy and take care of their workers, after training them and showing them the technical knowhow of the system, they left to start their own Lending business, dropping all the loan terms and conditions and making sure there package is more attractive to the burrowers. This caused a ripple effect and now the lenders are at war for the best to satisfy burrowers. Now the power is in the burrower’s hand giving them more power to burrow more than they capable of paying back. This encouragement will not go down well for both sides when the global financial crisis hit.

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Cc: https://bitcoinist.com/seven-financial-crisis-trigger-events-that-will-boost-bitcoin-adoption/