{"id":24342,"date":"2022-01-12T21:00:00","date_gmt":"2022-01-12T20:00:00","guid":{"rendered":"https:\/\/www.11onze.cat\/?p=24342"},"modified":"2022-01-18T12:25:13","modified_gmt":"2022-01-18T11:25:13","slug":"2022-year-big-crisis","status":"publish","type":"post","link":"https:\/\/www.11onze.cat\/en\/magazine\/2022-year-big-crisis\/","title":{"rendered":"2022: the year of the big crisis"},"content":{"rendered":"
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The scenario we will face in 2022 can be scary. But we in the 11Onze community are preparing for it. We talk to 11Onze’s chairman James S\u00e8ne about national indebtedness, the possible collapse of the international financial system and superinflation. How will we get out of this? 2022 will be our touchstone.<\/b><\/h3>\n

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The scenario in Europe is bleak. The European Central Bank (ECB) has been warning for months about the <\/span>excess<\/span><\/a> debt accumulated by traditional banks in declining energy companies. In a new episode of the podcast <\/span>Ens Interessa<\/a><\/span>, the president of 11Onze, James S\u00e8ne, analyses the international economic context, in conversation with content director Toni Mata. And S\u00e8ne is categorical: \u201cIf the ECB is so clear, things are much worse than they want us to believe. <\/span>There are a series of geopolitical circumstances and a crisis in the international monetary and financial system that are causing the perfect storm<\/b>.\u201d<\/span><\/p>\n

However, the economic consequences of all this, S\u00e8ne warns, will not come overnight, but will accumulate, if we do not remedy them, until we reach a situation of collapse. This explains why, in practice, <\/span>traditional banks are already in a situation of bankruptcy, but are still being sustained by the inertia of the ECB<\/b>, which has not stopped printing money and offering pandemic aid.\u00a0<\/span><\/p>\n

\u201cThe ECB has wanted to plug the hole so much that <\/span>we have printed too many banknotes, and we are entering a phase of superinflation, with values of 7% to 10%.<\/b> This means that the money saved is worth 10% less,\u201d the president of 11Onze argues. <\/span>On top of all this, there are stagnant financial structures<\/b>. \u201cAnd we are all paying the consequences: sky-high interest rates, fees for everything, reductions in customer service staff, a service that is getting worse and worse. It’s a death foretold,\u201d S\u00e8ne says.<\/span><\/p>\n\n <\/div>\n <\/div>\n <\/div>\n<\/div>\n\n\n

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