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C.E.O. in Europe Sounds the Alarm: Heading into Banking Crisis, Collapse of Industry, Households, Economy -- "weeks away"

C.E.O. in Europe Sounds the Alarm: Heading into Banking Crisis, Collapse of Industry, Households, Economy -- "weeks away"

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.

 

EURO COLLAPSE?

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.

 

 

Comments   

+1 # Queen distractionJane C 2022-09-08 17:37
The Queen's death is now a good distraction/smoke screen for a bit longer while everything falls apart behind the scenes.....
# RE: C.E.O. in Europe Sounds the Alarm: Heading into Banking Crisis, Collapse of Industry, Households, Economy -- "weeks away"Igorbzo 2022-09-08 09:05
.
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.
+1 # he holds a PhD in economics!almachius 2022-09-08 08:33
Well then!

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.
+3 # sounds Like Tribulation to me!marinerark@yahoo.com 2022-09-08 08:31
Jesus said "When these things begin to happen LOOK UP, for your redemption Draws NEAR! The Free Gift of salvation is for all who will Call on his Name...Time is Running out!
+1 # Dutch Farmers Topple Agriculture Minister Leading Climate AgendaMildB 2022-09-08 08:05
~
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?
-1 # RE: Dutch Farmers Topple Agriculture Minister Leading Climate AgendaPaul Kurzlee 2022-09-08 10:53
Quoting MildB:
~
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.
+1 # What people?MildB 2022-09-08 18:35
Quoting Paul Kurzlee:
Quoting MildB:
~
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.
+1 # Impotent protests cannot stop the Behemoth.almachius 2022-09-08 08:35
Chaos is part of the Great Work.
+1 # MORE MEDIA COVERUP:MildB 2022-09-08 08:25
~
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.
+4 # RE: C.E.O. in Europe Sounds the Alarm: Heading into Banking Crisis, Collapse of Industry, Households, Economy -- "weeks away"Dread 2022-09-08 04:46
Nothing that isn’t expected or comes as a surprise. It has been long known that the EU and Eurozone were to be absorbed into the Dollarzone. Some expected a new currency. That comes later. At this point in time we are witnessing the default of the Eurozone which then is going to be absorb fully into the dollar zone and effectively becomes US states 51 to 76.
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.
+1 # A MUST WATCH "PAYLOAD - THE VAX + 5G + AI CONNECTION" #MARKOFTHEBEASTWhite Lightning aka Raptor 2022-09-08 01:44
A MUST WATCH "PAYLOAD - THE VAX + 5G + AI CONNECTION" #MARKOFTHEBEAST
https://www.bitchute.com/video/xzRoEmIIGMTe/

NEW Nano Circuit Discovery: Frequencies from Phones, Laptops Build Circuits
https://www.brighteon.com/54bf78ec-5545-4608-a5ab-85e7be96a76d
-6 # Russians in a difficult position in Kharkiv: Ukrainians take Vebrifka & enter Balaklia – Losses for the Russian Army. Putin called an emergency meeting.White Lightning aka Raptor 2022-09-08 01:30
Urgent reinforcements are being sent to the area, while Putin convened an emergency security meeting with the Minister of Foreign Affairs S. Soigou and A/GETHA B. Gerasimov. Despite the losses of the Ukrainians in Kherson, the Ukrainian Armed Forces are expanding the fronts of the counterattack by throwing into the battles all available reserves.

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 .
+1 # Downvotingcodeblue 2022-09-08 18:45
I don't get why people will down vote a post that provides factual information. Surely we should be open to multiple points of view as the truth is never one sided.
# Thing isTed 2022-09-09 10:39
We doubt we are getting factual info from these sources.
-3 # USA: Test launch of intercontinental ballistic missile from California base Minuteman IIIWhite Lightning aka Raptor 2022-09-08 01:12
The US Air Force carried out yet another test launch of an intercontinental ballistic missile (ICBM) from Vandenberg Air Force Base in California on Wednesday.

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.
+2 # Be prepared!Hope springs 2022-09-08 01:08
The Master of the universe (USA) will not go down without a fight. He will cling to power as long as possible. So be ready folks, once Europe's economy crashes, they will release their planned False flag. It will be nukes shortly thereafter, as Russia can in no way compete with NATO conventionally.
-7 # Ukrainians Sank Russian Ship Week After U.S. Training on Missile LauncherWhite Lightning aka Raptor 2022-09-08 01:08
Ukrainians who reportedly sank a Russian warship in June with Western-supplied weapons had received training sponsored by the U.S. and allies just a week or two earlier, according to the U.S. undersecretary of defense for acquisition and sustainment.

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.
+7 # What is the rush?Smiley1984*! 2022-09-08 00:04
Many are saying that Russia is bogged down in Ukraine and running out of ammunition-so what is the rush?

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!
+10 # Suicide...Gulfcaptain 2022-09-07 23:15
Remember. Suicide is an INTENSIONAL act otherwise it would be an accident. The EU knows the consequences of their sanctions policies. No accident. So, why would they be doing this? RESET agenda: Blame Russia, place sanctions, go bust, default, reset into the new system of carbon credits and digital "money" )The bankers and the lap dog politicians who are following their marching orders have said openly that this "transition" will be met by anger, hardship and pain by the populous who will have to endure the stress of hunger and poverty.

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.
# Re:# Suicide...J_Grayman 2022-09-08 20:26
You're one of the only ppl I have seen sum up what's really happening. Not even Hal covers these facts (or maybe he did?)!
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!
+7 # This is not all due to Tusdian sanctionssupporttheblue 2022-09-07 22:25
We can it live forever spending ourselves into oblivion on borrowed money. Thirty trillion plus all the social programs. Banks gambling in derivatives to the tune of 800 trillion+. The day of reckoning is at hand. Russia was just the last straw.
+4 # RE: This is not all due to Tusdian sanctionsEddamnit 2022-09-07 22:48
And the greedy suckers buying those derivatives.
Greed is a terminal disease.
They all deserve their fates.
# Russiansupporttheblue 2022-09-07 22:26
Sanctions
# Oh, ok!Ted 2022-09-09 10:42
I wondered who those darn Tusdians were.
+11 # On Que?acturner067 2022-09-07 21:50
Looks like the lock-step demon posses secret society vampires are stepping up their destruction of the human race. The timing for the collapse is about right for later this month? Nations are about to go to war with each other including civil war, soon? Do you suppose they need a coverup for the clot shot body pile up? I can hear it now the reason for so many deaths was because of freezing, starving, no work,loss of money, no power, no fuel, crime rate sky rocketing, wars, homelessness etc.etc.etc. Will they soon introduce a false saviour? As you can see the prince of this world wants total chaos and destruction to have his way but us Christians will not have anything to with him or them for we are not apart of it.
+6 # █▓▒░ I could have told Mr. CEO this years ago ░▒▓█Palehorse 2022-09-07 21:50
|

Up to date headlines:

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https://kingworldnews.com/
+11 # Collapse ComingFaith11 2022-09-07 21:40
When the EU collapses I believe that U.S. will not be far behind. Get ready the best you can.
+3 # imps of satan make this happend_5 2022-09-07 21:30
.
+7 # RE: C.E.O. in Europe Sounds the Alarm: Heading into Banking Crisis, Collapse of Industry, Households, Economy -- "weeks away"Woulf 2022-09-07 21:13
Her Klaus said it would be a "dark winter". He left out the part about it being cold, hungry, dangerous. All while being broke and homeless.
It sounds a lot like how my "forefathers" lived.
+10 # Nothing ChangesBuffalolips 2022-09-07 21:07
After all the vitriol that the West/NATO has displayed toward Russia, and the armaments and funding shipped to Ukraine, combined with the satellite intelligence, I'm less than convinced that even if the NATO nations were to rescind their sanctions that Russia would now deviate from their course. Russia, if they were a MMA fighter, as an analogy, I have to believe they will go for a complete brutal 'knock out'. Only there won't be a referee to put a stop to the pummeling and devastation.
+6 # Here we go againoak2022 2022-09-07 21:05
We always seem to be weeks or days away from something terrible. The last few years have been a downer.
# Sadly truesupporttheblue 2022-09-07 22:31
.
+7 # Just AmazingMel 2022-09-07 21:02
We are now seeing as imminent from a knowledgeable and well respected professional what we have known and been saying as rank armatures by comparison for years.

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.
+7 # Thanks Aaron BrickmanRamjet 2022-09-07 20:57
for your analysis.
+7 # RE; C.E.O. in EuropeLassieLou 2022-09-07 20:48
Thanks Hal!!!!
+18 # Banking crisisDeepwoo 2022-09-07 20:44
I had an experience when I was 18, so that was 55 years ago, we were returning from the lake Sunday afternoon, my friend and his girl, me and my gal, we were in the back of the car. We were approaching the town where the uncontrolled railway tracks are, all talking and having fun. Sandy ( his girl) was looking back talkin and looking back at us in the back seat, she glanced at my friend who was driving and saw a train coming,she suddenly screamed as girls do, TRAIN, TRAIN. My friend thought she was spoofing him and refused to even look, she went frantic and gave out a blood curdling scream, he looked at the last minute, hit the brakes and we stopped inches short of sudden and sure death. That is my little analogy of the clear and present danger we face, and how it being ignored.
+2 # Very good analogy! Except....LilBirdie 2022-09-07 23:31
Nobody's looking up & TPTB are in the train!
+14 # RE: C.E.O. in Europe Sounds the Alarm: Heading into Banking Crisis, Collapse of Industry, Households, Economy -- "weeks away"lmschofield44@hotmail.com 2022-09-07 20:40
Thank you Hal. The people who are awake salute you!
+7 # RE: C.E.O. in Europe Sounds the Alarm: Heading into Banking Crisis, Collapse of Industry, Households, Economy -- "weeks away"Igorbzo 2022-09-07 20:38
.
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.
+13 # euro crashes we have 2 weeks...SuperSoul1971 2022-09-07 20:23
per Aaron Brickman; and Hal Turner (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.)
+10 # I heard that interview onDogsncars 2022-09-07 20:41
Hagmann, Hal and him are in tune. Martin Armstrong was just saying the Euro was collapsing too.
+14 # RE: C.E.O. in Europe Sounds the Alarm: Heading into Banking Crisis, Collapse of Industry, Households, Economy -- "weeks away"Clintm 2022-09-07 20:15
Hagman and quayle just discussed thus
# ALASDAIR MCLEODNZ KIWI 2022-09-07 20:59
HAS been talking about the 3 percent equity most euro banks are operating under , AND THAT DOES NOT INCLUDE THE HIGHLY [ UNTILL NOW ] profitable EXCHANGE DERIVATIVE INTEREST RATE SWAPS that are off the books ,BUT STILL COUNT
+10 # RE: C.E.O. in Europe Sounds the Alarm: Heading into Banking Crisis, Collapse of Industry, Households, Economy -- "weeks away"Bob 2022-09-07 20:44
Many people have said we go down 1-2 weeks after Europe goes.

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.
+10 # with Aaron BrickmanSuperSoul1971 2022-09-07 20:25
https://rumble.com/v1hbpn3-steve-quayle-and-aaron-brickman-join-douglas-hagmann-on-the-hagmann-report-.html Brickman uses calendar and history and charts.
+15 # Great time to quit smoking!kimberK 2022-09-07 20:14
Said no one ever! We all know that this is on the way! It is been Death By A Thousand Cuts, all of those that have posted scripture are so correct! We are definitely in the beginning of the end!
+8 # Thanks HalSerpa@82 2022-09-07 20:10
Great info. I think this very well may be the scenario we see unfold.
God bless.

 

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