Who's afraid of the big Crash?

Actually, Marc Friedrich, 44 would have to be highly satisfied with the year 2019. The financial Advisor delivered once again a Bestseller. "The greatest Crash

Who's afraid of the big Crash?

Actually, Marc Friedrich, 44 would have to be highly satisfied with the year 2019. The financial Advisor delivered once again a Bestseller. "The greatest Crash of all time" made it in November, after a few days in the FOCUS-list of best-selling books and shot straight to the top. Almost in a weekly rhythm, the publisher had to watch since then, copies of reprint. Meanwhile, the eighth edition is already on the market.

On 400 pages, is Friedrich in his best seller, together with Matthias Weik a frightening Outlook. No later than 2023, according to the Theory, is to collapse the global financial system. And worse than after the collapse of US Bank Lehman Brothers in 2008.

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And that's exactly why Friedrich is not at all satisfied with the past year. As the global risks have increased rather than decreased. The global debt spent now almost 50 percent higher than before the beginning of the last financial crisis. For the year 2019/20, the debt is likely to the record of 255 trillion have reached the Dollar (the equivalent of 230 trillion euros). That's the equivalent of three times the annual global economic output. 2019 delivered from the point of view of Friedrich additional feed for the Crash. No society has a monopoly on prosperity forever, warns the success of the author.

Updated Date: 04 January 2020, 01:00

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