Debt Piles Up, Recession Could Be Worse Than 2008; Warning

Investment guru Jim Rogers says that the crisis created by the current global banking collapse is far from over. All over Lodhaka, the level of bank debt is soaring. This could lead to a bigger crisis than the one in 2008. Inflation, which is currently being faced by the countries of the world, is likely to become more severe. He also points out that central banks may raise interest rates again.
In an interview, Rogers recalled that problems that usually start as isolated incidents can lead to major financial crises.

The current banking collapse may cause serious problems. Global markets have recently fallen sharply due to the sudden collapse of Silicon Valley Bank, Credit Suisse and Signature Bank. Initiatives taken by governments to protect investors and ease concerns have helped restore investor confidence to some extent. But concerns still remain.

He also did not forget to mention that countries like India and the US currently have high debt levels. America is currently facing the biggest debt crisis in history. There are always problems in the world. These will be there again. What we have to face now may be bigger crises than what we have overcome.

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In the 1980s, the interest rate on US government bonds was 20 percent. Because the situation was very bad. This time the situation could be worse. He points out.
Even China, which was not in debt 25 years ago, is now in debt.

So this is a serious problem. He pointed out that the crisis of small banks started in 2007, even before the recession of 2008.
At the same time, there is disagreement on whether the current crisis can be compared to the global financial crisis of 2008.