Economy

BANKS WARN: ECONOMIC NUCLEAR WINTER TO HIT WORLD

Central banks are expecting an economic catastrophe to strike the world this winter, and will try to blame Brexit for their wrongdoings which triggered the crisis.


Investors are dumping stocks in major European banks in particular, with the Royal Bank of Scotland losing 30% of its market value since June.


The banks are “preparing for an economic nuclear winter situation,” an insider told CNBC. “This could mean triggering Article 50, referendum in other European nations leading to a break-up of the euro or sterling hitting below $1.20 or lower.”


“The banks are ready for anything now.”


The public is losing faith in the banks; demand for personal safes is exploding as people refuse to deposit cash in bank accounts out of fear of “negative interest rates.”

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Categories: Economy, World News