Are we on the brink of an unprecedented crisis?

Marc Vidal, lecturer and commentator, warns that 2023 could be the year of a crisis that would leave all previous crises as a “pure anecdote”, as predicted in 2019 in a book by Marc Friedrich and Mathias Weik. A confluence of different circumstances could create the perfect storm.

 

Is the mother of all crises looming? That is the question posed in the book ‘The biggest crash of all time’ by Marc Friedrich and Mathias Weik, which was a bestseller in Germany in 2019. The book predicts that a big economic crash will come this year, with an unmitigated collapse of the European stock markets. In short, “a crisis that will make any previous crisis a mere anecdote”, according to the lecturer and commentator Marc Vidal.

The book also features central banks that are “printing money as if there were no tomorrow”, bank deposits for which they charge you, and a catastrophic commercial situation. To these ingredients, we must add the increase in interest rates, which the authors of the book did not foresee and which is already being implemented by institutions such as the US Federal Reserve.

 

 

The burden of public debt

Marc Vidal warns that the interest paid by Spain each year amounts to 26.8 billion euros, which represents 2.15% of GDP and nearly 7% of the budget or, in other words, “half the cost of public education”. And he stresses that this is “only to pay interest, not to pay off debt”. In fact, the lecturer clarifies that “no state amortises a single euro of debt, what they do is refinance it every year”. And he points out that Spain has to refinance “237 billion” euros this year.

Vidal’s analysis of the Spanish situation is bleak: CPI above 8%, GDP barely growing by 0.3%, domestic demand falling by 3.7%, public debt at 118%, the forgotten risk premium at 100, unemployment at 13.65%, and energy once again at unacceptable levels. According to the writer, in order to rebalance the accounts, budget cuts would have to be “almost 10%”.

To deal with such a crisis, Marc Vidal explains that the authors of the book recommend investing in “real assets”, such as gold, and fleeing from the stock market and physical money, which will be devalued by the large amount of money issued by central banks. He adds that “it’s time to get moving, not standing still”.

 

If you want to discover the best option to protect your savings, enter Preciosos 11Onze. We will help you buy at the best price the safe-haven asset par excellence: physical gold.

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Equip Editorial Equip Editorial
  1. Jordi FerréJordi Ferré says:
    Jordi

    En Marc te un suscriptor més al seu YouTube. M’ha encantat el video. Gràcies per compartir-ho.

    • Jordi CollJordi Coll says:
      Jordi

      Celebrem que sigui així, Jordi, i moltes gràcies per dir-ho i també pel teu comentari!!!

      4 months ago
  2. Pere SorianoPere Soriano says:
    Pere

    A la vista dels fets explicats i dels responsables econòmics en les diferents esferes, te sentit jugar encara en aquest tauler?. Realment es poden canviar les coses per fer-ho tot més …. racional?. Veurem com acaba. Gràcies.

    • AlbertAlbert says:
      Albert

      Aquest canvi de tauler fora el més desitjable i, en certa manera, 11Onze també és aquí per empènyer en aquest sentit. Gràcies per compartir-ho, Pere!

      4 months ago
  3. Mercè ComasMercè Comas says:
    Mercè

    Els usuaris de la Plaça fa dies que estem avisats. Gràcies.
    Quan al deute sobirà, crec que molta gent no sap que “Cap Estat amortitza ni un euro del deute, el que fan és refinançar-lo cada any”, i que per tant Espanya estarà eternament endeutada.
    Un altre avís per tenir en compte.

    • AlbertAlbert says:
      Albert

      Això sembla. He sentit molts economistes dir que això del deute sobirà no té solució; bé, si més no, tal com s’entén la solució a qualsevol deute, que és retornant-lo. Gràcies per la teva reflexió, Mercè!

      4 months ago
  4. Manuel Bullich BuenoManuel Bullich Bueno says:
    Manel

    Ens haurem d’anar preparant pel q pugui ser, però la veritat és q no pinta gens bé.

    • Jordi CollJordi Coll says:
      Jordi

      Això sembla, Manel, de totes maneres el temps dirà… Moltes gràcies pel teu comentari!!!

      4 months ago

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