Raoul Paul sent shock-waves throughout the financial markets in June in what Tyler Durden called the scariest presentation ever, when Paul predicted a complete systemic collapse of the financial system was merely 6-9 months away. Is the Big Reset still imminent?
‘The world has no engine of growth with most of the G20 countries approaching stall speed at the same time. The western world is about to enter its second recession in an ongoing depression…
For the first time since the 1930’s we are entering a recession- before industrial production, durable goods orders, employment, and private sector GDP have made back their previous highs. ‘
As to the timing of the collapse Paul states:
‘2012- 2013 will usher in the end. We have about 6 months left… Assume that no one and nothing is safe. After that, we put on our tin helmets and hide until the new system emerges.
As to what the collapse will look like:
A global banking collapse and massive defaults would bring about the biggest economic shock the world has ever seen. No trade finance, no shipping finance, no finance for farmers, no leasing, no bond market, no nothing…