Tuomas Malinen is the Chief Executive Officer (CEO) of GnS Economics in Helsinki, Finland. Today, Wednesday, September 7, 2022, he is publicly saying that Europe is heading into a total collapse of business, and its currency, within weeks.
According to its website, GnS Economics is an independent, Helsinki-based macroeconomic consultancy specialized in forecasting and analyzing the risks of the world economy and the financial markets.
CEO Tuomas Malinen, PhD, is CEO and the Chief Economist of GnS Economics. He is also an Associate Professor of Economics at the University of Helsinki. He has studied economics at the University of Helsinki and at New York University. He specializes in economic growth, economic crises, central banks and the business cycle.
In a series of public messages on his Twitter account, Malinen publicly warned today "My (our) monthly forecasts are out, and oh man that they look horrible. Europe is sinking and she is pulling the rest of the world with her..." Accompanying that message is a chart showing the trouble:
He went farther . . . much farther. Malinen warned "I am telling you people that the situation in Europe is much worse than many understand. We are essentially on the brink of another banking crisis, a collapse of our industrial base and households, and thus on the brink of the collapse of our economies."
He went on to tell the public:
" . . . the speed of deterioration is massive now, and it's only a matter of time, when markets catch up. I am betting that we still have few weeks (months at max.) before "mayhem" truly begins. Take precautionary measures. Stock: 1. Cash. 2. Food. 3. Water. 4. Wood (if you have a stove). 5. Other necessities. No harm will come from preparation, if somehow miraculously we can avoid the onset of an outright economic collapse. You just have more cash (no meaningful interest in banks), food, water and wood."
As most readers likely already know, this is heavyweight advice from a guy in his position. Generally, CEO's never go out on a limb like this and say such things publicly. Yet, Malinen is doing exactly that. and it gets worse.
One reader of his public posts asked Malinen "Is euro collapse in the cards do you think?" and he replied bluntly "It is."
Not to put too fine a point on it, but this is coming from a guy who is holds a PhD in economics!
Clearly the EURO is falling in value compared to the U.S. Dollar. Back on August 22, the EURO which in the past was worth about $1.25, fell below parity to about $0.99. This is because investors are rapidly losing confidence in Europe due to the self-inflicted energy woes brought about by Sanctions against Russia over the Ukraine situation. Those Sanctions have completely back-fired and are now harming Europe itself.
Europe cannot produce enough natural gas to run its electric plants, and due to their own economic sanctions, they are refusing to buy from Russia. This means Europe has to go out to other markets to buy natural gas and those markets have skyrocketed as demand reaches all-time highs.
Not only are European businesses seeing higher natural gas costs, they are also now getting hit with electricity bills some ten times higher (or more) than typical because electric generation plants are also now paying so much more for natural gas.
This double-whammy is causing a significant number of businesses in Europe to simply shut down over energy costs, putting many, many, people out of work at a time when their own personal energy bills at home, are also skyrocketing.
Since consumers are having to pay so much more for natural gas and electricity, they are not out at stores buying things; which is causing shutdowns and layoffs at manufacturing companies for lack of sales.
Investors in Europe see things falling apart and are now cashing-out their investments and sending huge chunks of money into the USA for better Interest and better rates of return.
As more and more cash leaves Europe, the EURO is losing its value - fast.
This is going to cause even MORE outflows of cash as Investors realize they need to get OUT of the EURO now, while it still has some value. It becomes a vicious cycle until the EURO falls to worthless.
Apparently CEO Tuomas Malinen sees the writing on the wall, and is now publicly warning Europeans to stock up on food, water and other essentials. Once the hyperinflationary destruction of (consumer) demand takes hold, there simply won't be any products on store shelves to buy.
European Government officials are, by their own Sanctions, committing economic suicide.
Trouble is, what happens in Europe affects other places, including the Untied States. If Europe officially goes into economic collapse, the exact same thing will take place in the United States about two weeks later, by trade disruption.
Americans are advised to pay close attention to what's taking place in Europe because if their public servants in their governments fail to repeal Sanctions, they are then unavoidably committing economic suicide and their economic death will hit America fast and hard.
This morning I ask, who's going after this perverts who have created this, are the getting Scott free.
This people have no to pay for this.
But seriously. I defer to the verified bona fide seer, Alois Irlmaier, who, about 75 years ago, predicted for his Homeland Germany a period of great prosperity, followed by the arrival of a lot of foreigners, followed by hyperinflation, followed by anarchy, followed by (drum roll) WWIII, when Russia invades Europe.
Then there's Stormberger's 18th century prophecy of three world wars. And many more such visionaries.
Excelsior! This is how you do it.
According to today's gellerreport it's not just Holland. These movements are sweeping across the world.
MEDIA BLACKS OUT WORLDWIDE PROTESTS?
People need to start attacking those working for the msm. They are easy targets too. They are in every town and city. ATTACK THEM.
Another Massive GREEN DISASTER, Amazon Took Solar Rooftops Offline Following Major Fires and Electrical Explosions.
MORE GREEN DISASTER: California Activates 4 Gas Generators for the First Time as Electric Grid Suffers Major Defeat
Oh, the irony……..Keep them borders open.
California Activates 4 Gas Generators for the First Time as Electric Grid Suffers Major Defeat
By Jack Davis, Western Journal, September 7, 2022 at 4:33am
With California’s energy grid unable to meet demand and Grids going down, Rolling blackouts, EVs that can't be charged – “green ain't green but it is an epic failure. The only green it is, is the real time cost to the 19% middle class tax payers that foot the bill for the 81% collecting free stuff.
This totalitarian, crack smoking Newsom government of the communist state of California has banned gas vehicles?
Gov. Glenn Youngkin vows to stop ‘ridiculous’ state ban on gas vehicles
Former Crack Head Virginia Gov. Northam signed legislation in 2021 tying state’s emissions policies to California’s Air Resources Board
By: Anders Hagstrom, Fox Business, August 28, 2022
Republican Virginia Gov. Glenn Youngkin is working to dismantle Virginia’s push toward electric vehicles, calling the move “ridiculous” in a Sunday statement.
Many still believe the US is a Nationstate, while since the civil war it has been and become a Corporation. To reduce competition and at the same time stabilize the Dollar and secure total political control over the large parts of Europe the EU is being incorporated into the USA.
Now one may wonder when these plans have been developed for that, but they were in fact set into motion before US independence, which was only the onset of a process.
NEW Nano Circuit Discovery: Frequencies from Phones, Laptops Build Circuits
Although the Ukrainian counterattack was known, the Russians did not prepare properly. They have suffered losses in soldiers and equipment while being forced to blow up the bridge between the towns of Balakliya and Bayrak across the Seversky Donets River. Video shows harsh images of dead Russian soldiers. They were literally massacred by the Ukrainian forces. A while ago, a second video of captured soldiers from Donetsk and Lugansk was released. Information indicates that another group of the Russian Army has been surrounded.
The responsibilities of the Russian administration are huge as they have known for a long time about the Ukrainian counterattack.
Balakleya was not chosen by chance, the command of the Armed Forces of Ukraine considered this sector of the front to be the least well defended, because it is defended mainly by reservists of the Donetsk-Lugansk forces and Russian volunteers. The Armed Forces of Ukraine had been gathering forces and reserves for more than a month and created a strong strike force in the direction of Kharkiv with tanks, armored vehicles and artillery.
A few hours ago, Ukrainian forces launched their offensive in the Balakleya district of Kharkiv. Fierce fighting is underway on the outskirts of the city. Russian artillery and air force pounded the outstretched advancing enemy forces. The Russians were forced to blow up our main bridge to block the advance of Ukrainian forces. At the same time, the Russian aerospace forces hit the headquarters of the operational command of the Armed Forces of Ukraine in Chughev.
At this time, Ukrainian forces have advanced several kilometers towards Verbivka. This is a suburb of Balakliya, where the ammunition depot is located, which was previously under the control of Russian troops. The battles in the area of Verbivka confirm the fact that the Ukrainian troops managed to advance towards Balakliya. Russian troops blew up the bridges. Artillery and Air Force operate in the Gusarovka area.
The Ukrainian headquarters in Chuguev southeast of Kharkiv was hit by missiles. According to the latest information, several Ukrainian officers who had previously been trained in Britain were there.In the southern region of Kharkiv, Ukrainian units are actively shelling Izyum and Balakleya. As mentioned, positional battles are taking place near Velyka Komyshuvakha. The enemy must not be allowed to gain a foothold in Verbivka, as from there he can try to advance into the industrial zones to the north of the city, trying to reach the Volkhov Yar-Balakleya highway, cutting off the supply of the Russian Armed Forces operating in that area .
The purpose of the Minuteman III test launch was to verify the safety, effectiveness and readiness of the specific weapon system, it is underlined in a statement by the US Air Force Command (AFGSC) which is responsible for ICBM missiles (intercontinental ballistic missiles capable of carrying nuclear warhead).
The previous Minuteman III test (on August 16) had been postponed twice. It was originally scheduled for March, but was postponed due to Russia's invasion of Ukraine to avoid an escalation in Washington-Moscow relations. It was adjourned for a second time in early August while Chinese military trainings were underway around Taiwan, after US House Speaker Nancy Pelosi's visit to Taipei drew sharp criticism from Beijing.
The US nuclear arsenal includes Minuteman III missiles (launched from the ground), Trident missiles (launched from submarines) and bombs carried by strategic bombers.
While speaking at the Defense News Conference on Wednesday, Dr. William LaPlante said that Ukraine had been given Harpoon anti-ship missiles by a U.S. ally he did not specify. A $1 billion Ukraine aid package that the Pentagon announced on June 15 included two Harpoon coastal defense systems. U.S. Defense Secretary Lloyd Austin also announced in May that Denmark had agreed to provide Ukraine with Harpoon missiles and a launcher, Reuters reported.
LaPlante said that the ship-based missile launchers were taken off of the unidentified ally's ship and modified so that they could fire from a flatbed truck, Defense News reported.
"Brought the Ukrainians to train on it over Memorial Day weekend in our country, and in the next week or two Russian ships were sunk," he said. Memorial Day this year fell on May 30.
Russia is slowing grinding through the Ukraine forces, just chewing them up incessantly.
Meanwhile, Europe is committing economic suicide, eating up it own economic limbs, like a wounded animal that has "fallen into a trap". Left alone Europe will destroy itself- so
what is the rush for Russia in conquering Ukraine.
It can take it's time, costing less in men and arms, while those supporting Ukraine suffer increasingly from economic meltdown!
Europe is conquering itself, all Russia has to do is wait and watch the debacle. All of this is self inflicted!
They EXPECT people to riot and protest. So do you think they will care if and when it happens?
The "suicide" being committed will not touch the elite or the political class. It is YOU and ME that is expected to die. The Ukraine war is the excuse being used to start the process.
Ask yourself: Why didn't the wars of the past in the oil producing countries cause a food, fuel, oil and fertilizer crisis? Answer: It was not the war. It I was the reaction to that war. We're sanctions placed on the USA for those conflicts? Nope. So is the war in Ukraine to blame for the problems of the world? Nope. It is the reaction to that war. The sanctions.
Will the West stop this self inflicted insanity now that the sanctions are NOT hurting Russia and in fact making Russia richer? Nope. Just like Covid and the shot protocol, the push continues even in the face of admitted facts that it doesn't work and is dangerous.
Why? Because that is the marching orders from above. It's part of the reset program. So too the Ukraine program. Collapse IS THE AGENDA.
It's the WEF agenda and Agenda 2030.
It's disappointing more ppl don't read their reports and view their speeches. (I guess I understand why ppl don't)
They're not hiding the agenda.
Like you said, they're expecting riots, chaos and pain...but not for themselves!
Greed is a terminal disease.
They all deserve their fates.
Up to date headlines:
Greyerz – The US Economy Is Crashing But The Global Collapse Will Be Even More Terrifying
Banks Worried About “Monster” $700 Trillion Derivatives Market As Credit Tightens
All Hell Is Breaking Loose But The Worst Is Yet To Come
Russia Moves To Replace LBMA As Putin Prepares For West’s Financial System To Collapse
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Gerald Celente – Here Is The Terrifying Wildcard confronting the world today.
It sounds a lot like how my "forefathers" lived.
The circumstances are now a known and the timeline is essentially here and the call is just now starting that a few of the masses will acknowledge.
Just Amazing....Tally Ho! Let the journey begin.
Its coming it will take some time but it will get here my question is are we paying attn what's going on.
I, doing the final prep for what's coming, remember POTUS "dark winter" well he's doing a hell of a job every thing is coming down the pipe like clock work.
Hal continue doing the work you're doing, somebody is listening, great reporting the MSM doesn't come close.
Please continue prepping and ask God for His wisdom on what to do. Jesus said He will never leave us or forsake us.
Praying for everyone here. Be blessed.