Based on historical economic cycle, The world is now due or overdue for a recession since the 2008 GFC and the worst thing now is global debt is growing fast. E.g. US National Debt in 2008 was $USD 9 Trillion. Today (2016) the US National Debt has grown doubled to $USD 19 Trillion and GROWING. This will end badly for the unprepared middle-income earners. When the next crisis hit, it will be much worse than 2008 GFC. BUT I don’t think it will be the end yet or NOT YET the Global Financial Reset due to collapse in Global Currencies. You will be familiar with these “Words” When the Gov and central bankers Start to PANIC: · “HELICOPTER MONEY” - PUSH the Money Printing button to Hyper-drive and give away free money directly to it’s citizen. The word used by Ben Bernanke ex Fed Reserve Governor. Swiss has already started with this idea by having a national vote this June 2016 to give free money to it’s citizen. · “NEGATIVE INTEREST RATES” to force the behaviour of it’s citizen to spend or invest. NOT SAVE · “CASHLESS System” easier for the government to control and freeze it’s citizen’s digital cash and AVOID BANK RUN – like what is happening on Greece and Cyprus long queue on ATM machines when Banks closed/ declare bank holiday because of CRISIS. Government / banks can limit your cash transfer overseas. The consequence of the above actions by Gov and Central Bankers will result in an EVEN BIGGER ASSET BUBBLE. Stock Market and REAL ESTATE will go through the ROOF. i.e. PROPERTY AND STOCK MARKET WILL BOOM after the initial collapse!! You may Why? This doesn’t make any sense. Well, In the above environment: Stage 1) The value of your currencies will be worth less and less due to massive money printing. This may create HIGH Inflation or the worst HYPERINFLATION. Stage 2) People start to realise/ wake up that Savers are losers!! Savers will be penalised by negative rate.. people do not want to SAVE. Stage 3) As people realise that the value of their money depreciated in value, they want to spend it quickly or They will use their saving to invest/ speculate in Stock market or Property. The REAL Hardship and Chaos will happens when Wages/ Salary do not increase as quickly as the HIGH inflation. It would then be impossible for the next generation to buy a home..!!