{"id":32395,"date":"2026-03-22T20:00:00","date_gmt":"2026-03-22T19:00:00","guid":{"rendered":"https:\/\/www.11onze.cat\/?p=32395"},"modified":"2026-03-16T08:44:17","modified_gmt":"2026-03-16T07:44:17","slug":"brink-unprecedented-crisis","status":"publish","type":"post","link":"https:\/\/www.11onze.cat\/en\/magazine\/brink-unprecedented-crisis\/","title":{"rendered":"Are we on the brink of an unprecedented crisis?"},"content":{"rendered":"<div class=\"component text\">\n  <div class=\"container\">\n\n\n    <div class=\"row\">\n      <div class=\"col  col-lg-8  offset-lg-2\">\n        <h3><b>Marc Vidal, lecturer and commentator, warns that 2023 could be the year of a crisis that would leave all previous crises as a &#8220;pure anecdote&#8221;, as predicted in 2019 in a book by Marc Friedrich and Mathias Weik. A confluence of different circumstances could create the perfect storm.<\/b><\/h3>\n<p>&nbsp;<\/p>\n<p><b>Is the mother of all crises looming?<\/b><span style=\"font-weight: 400;\"> That is the question posed in the book &#8216;The biggest crash of all time&#8217; 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, <\/span><b>&#8220;a crisis that will make any previous crisis a mere anecdote&#8221;<\/b><span style=\"font-weight: 400;\">, according to the lecturer and commentator Marc Vidal.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The book also features central banks that are &#8220;printing money as if there were no tomorrow&#8221;, bank deposits for which they charge you, and a catastrophic commercial situation. To these ingredients, we must add the <\/span><b>increase in interest rates<\/b><span style=\"font-weight: 400;\">, which the authors of the book did not foresee and which is already being implemented by institutions such as the US Federal Reserve.<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><iframe loading=\"lazy\" title=\"\u00bfPOR QU\u00c9 NOS OCULTAN LO QUE VA A PASAR? - Vlog de Marc Vidal\" width=\"500\" height=\"281\" src=\"https:\/\/www.youtube.com\/embed\/QtDihKm2S4I?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/p>\n<p>&nbsp;<\/p>\n<h3><b>The burden of public debt<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">Marc Vidal warns that the <\/span><b>interest paid by Spain each year amounts to 26.8 billion euros<\/b><span style=\"font-weight: 400;\">, which represents 2.15% of GDP and nearly 7% of the budget or, in other words, &#8220;half the cost of public education&#8221;. And he stresses that this is &#8220;only to pay interest, not to pay off debt&#8221;. In fact, the lecturer clarifies that &#8220;<\/span><b>no state amortises a single euro of debt<\/b><span style=\"font-weight: 400;\">, what they do is refinance it every year&#8221;. And he points out that Spain has to refinance &#8220;237 billion&#8221; euros this year.<\/span><\/p>\n<p><b>Vidal&#8217;s analysis of the Spanish situation is bleak<\/b><span style=\"font-weight: 400;\">: 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, <\/span><b>in order to rebalance the accounts, budget cuts would have to be &#8220;almost 10%&#8221;<\/b><span style=\"font-weight: 400;\">.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">To deal with such a crisis, Marc Vidal explains that the authors of the book recommend investing in &#8220;real assets&#8221;, 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 <\/span><b>&#8220;it&#8217;s time to get moving, not standing still&#8221;<\/b><span style=\"font-weight: 400;\">.<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><b>If you want to discover the best option to protect your savings, enter <\/b><a href=\"https:\/\/serveis.11onze.cat\/en\/preciosos-11onze\" target=\"_blank\" rel=\"noopener\"><b>Preciosos 11Onze<\/b><\/a><b>. We will help you buy at the best price the safe-haven asset par excellence: physical gold.<\/b><\/p>\n\n      <\/div>\n    <\/div>\n  <\/div>\n<\/div>\n\n\n<div class=\"component cards\">\n  <div class=\"container\">\n    <div class=\"row\">\n      <div class=\"col col-xl-8 offset-xl-2\">\n        <h1>If you liked this article, we recommend you read:<\/h1>\n        <div class=\"cards__wrapper\">\n          <div class=\"card\">\n            <a href=\"https:\/\/www.11onze.cat\/en\/magazine\/diversify-savings-crisis-looms\/\" class=\"card-link\" target=\"_self\"><\/a>\n            <div class=\"card-img\">\n              <img decoding=\"async\" src=\"https:\/\/www.11onze.cat\/wp-content\/uploads\/2021\/10\/THUMBNAIL_IMPORTANCIA_DIVERSIFICAR_ESTALVIS-800x534.jpg\" class=\"card-img-top\" alt=\"\">\n                <span class=\"card-category\">Savings<\/span>\n            <\/div>\n            <div class=\"card-body\">\n              <p class=\"card-title p2\"><strong>Diversify your savings<\/strong><\/p>\n              <span class=\"card-time\">6 min read<\/span>\n              <p class=\"card-text small\">Renowned economist Robert Kiyosaki has predicted \u201ca historic crisis\u201c.<\/p>\n            <\/div>\n          <\/div>\n\n\n          <div class=\"card\">\n            <a href=\"https:\/\/www.11onze.cat\/en\/magazine\/keys-inevitable-debt-crisis\/\" class=\"card-link\" target=\"_self\"><\/a>\n            <div class=\"card-img\">\n              <img decoding=\"async\" src=\"https:\/\/www.11onze.cat\/wp-content\/uploads\/2022\/02\/THUMBNAIL_INDICATIUS_CRISIS_GLOBAL-800x533.jpg\" class=\"card-img-top\" alt=\"\">\n                <span class=\"card-category\">Economy<\/span>\n            <\/div>\n            <div class=\"card-body\">\n              <p class=\"card-title p2\"><strong>The keys to the inevitable debt crisis<\/strong><\/p>\n              <span class=\"card-time\">5 min read<\/span>\n              <p class=\"card-text small\">All economic forecasting rates indicate that we are heading for<\/p>\n            <\/div>\n          <\/div>\n\n\n          <div class=\"card\">\n            <a href=\"https:\/\/www.11onze.cat\/en\/magazine\/2022-year-big-crisis\/\" class=\"card-link\" target=\"_self\"><\/a>\n            <div class=\"card-img\">\n              <img decoding=\"async\" src=\"https:\/\/www.11onze.cat\/wp-content\/uploads\/2022\/01\/VISUALS_PODCAST_THUMBNAIL_PSN_JAMES.jpg\" class=\"card-img-top\" alt=\"\">\n                <span class=\"card-category\">Economy<\/span>\n            <\/div>\n            <div class=\"card-body\">\n              <p class=\"card-title p2\"><strong>2022: the year of the big crisis<\/strong><\/p>\n              <span class=\"card-time\">6 min read<\/span>\n              <p class=\"card-text small\">The scenario we will face in 2022 can be scary.<\/p>\n            <\/div>\n          <\/div>\n\n              <\/div>\n              <br>\n              <br>\n              <div class=\"cards__wrapper\">\n\n        <\/div>\n      <\/div>\n    <\/div>\n  <\/div>\n<\/div>","protected":false},"excerpt":{"rendered":"","protected":false},"author":71,"featured_media":32390,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"content-type":"","footnotes":""},"categories":[1],"tags":[172],"class_list":["post-32395","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized","tag-economy"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Are we on the brink of an unprecedented crisis? -11Onze<\/title>\n<meta name=\"description\" content=\"Are we on the brink of the greatest crisis of all time? 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