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Valentin Katasonov: the World economy is on the verge of collapse

Валентин Катасонов: Мировая экономика на пороге коллапса

In the opinion of Professor of international Finance MGIMO Valentin Katasonova, the current crisis may fail for the inhabitants of the Earth are very bad:

Today in the world there is falling demand for money, there is overproduction. It is registered as unlimited and uncontrolled printing press for the so-called “quantitative easing.” When there is overproduction of goods, falling prices, and when there is overproduction of money, falling interest rates. Today many banks have negative interest rates, and some Central banks have negative interest rates on banking operations. Has recently been rocked by the sensation that in Denmark and Belgium some commercial banks grant mortgages at negative interest. Overall, there is a theater of the absurd.

Money available to an increasing extent, ostensibly to overcome the crisis of 2008-09. But funds are not going to development and not in the real sector, not loans and not to investment projects. All the money goes to the financial market. Accordingly, the inflated financial “bubbles”. They are formed in different segments of the financial market. The economy is not growing rapidly, investments have little return on investment, and stocks rise.

 

As a result, we see an increase in the debt. In the whole world he is in relation to GDP is larger than before the 2008 crisis. To date, a dangerous situation exists in the United States. In Europe, the situation is just explosive, and nobody can do anything. Huge debt and China.

The important thing is that no one has any idea how to get out of a dangerous situation. The Federal reserve system a choice between bad and very bad. We see this in throwing the leadership of the fed that does not know to raise or lower the key rate.

So the second wave of the financial crisis is inevitable. Russia does not have to look at the actions of the fed, and as shut out of the world’s problems. It is necessary to introduce the control of transboundary movement of capital, it is necessary to radically restructure the work of the Central Bank. The Central Bank should cease to increase monetary reserves and to issue for the purchase of foreign currency. Need to work on the Russian economy, and not the us.

Question: — At the same time because robotics will increase unemployment.

— Unemployment will grow. Happens the alienation of man from the means of production. How to solve this problem? Recently in Switzerland held a referendum on an unconditional basic income. The idea was that every citizen will receive 2,500 Swiss francs, regardless of whether it works or not. The majority voted against such a measure. The logic of the people is clear: free cheese only in a mousetrap, and unconditional income is to be paid at the expense of working.

The current model of the world economy leads to unemployment and mass starvation. The model proposed by Switzerland, also has a lot of “cons”. But let me remind you that in Soviet Union there was no unemployment.

Question: — What will be the world economy in a few years?

— If to speak seriously, the objective of the current masters of money — drastically reduce the population of the planet. It is not necessary to conduct war, you can poison people with bad food, to corrupt them. The remaining people will drive into an “electronic concentration camp.”

Today interest rates on deposits were negative. Accordingly, people do not have money in the banks, and that the collapse of the current banking system. So as soon as possible want to eliminate a cash turnover. Talking about it, and in our country.

In the end, the owners of the money will have control over all expenditures of the people. And if the person is in their behavior will deviate from that prescribed, it will disconnect all life-support systems. As stated in the book of revelation, who will have printed, will not be able to buy and sell.

Question: — there Must be a positive alternative?

— Who will implement it? The owners of the money? It remains to appeal to yourself or to God. To appeal to politicians, in my opinion, pointless.

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