Back in October, the International Monetary Fund and World Bank had their annual meeting in Indonesia, where Indonesian President Joko Widodo, told the plenary session: “With all the problems that the global economy currently faces, it’s appropriate to say that winter is coming.” Christine Lagarde pointed out that global debt (public and private) had increased by sixty percent since 2007 and now equalled $182 trillion. Whilst almost no one predicted the financial crash of 2008 there is widespread debate about another crash perhaps even worse. About once a decade a financial crisis occurs and since 2008 central banks have encouraged a big increase in share prices and property value by cutting interest rates and generating vast amounts of new money called quantitative easing.
Ken Livingstone, ''Winter is coming’: Subservience to bankers & failure to reform is leading us into another crash', RT
