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The US Federal Reserve (Fed) and European Central Bank (ECB) have created a very dangerous situation. And it is one that few if any investors are assessing.

If this is the case, the next Crash has already begun. This would put us at the equivalent of where the markets were in late 2007: just before the whole mess came crashing down in 2008.

The global Central Banks have literally bet the financial system that their theories will work.  They haven’t. All they’ve done is set the stage for an even worse crisis in which entire countries will go bankrupt.

The world’s three largest economies, the US, China and Japan are already in recession. These countries represent nearly a third (29%) of global GDP. A stock market crash is coming.

The S&P 500 has completely disconnected from most risk assets, driven by the usual manipulation during options expiration week, performance gaming by hedge funds before end of the month results are posted, and short covering.

This is not the end of the war on cash. Ultimately it will culminate in efforts to impose a carry tax on physical cash if not ban cash outright.

Forgotten what 2008 was like? What's coming will be far worse.

The fact of the matter is that despite public opinion, there are problems that are so big that the Central Banks cannot fix them. We’ve seen this in Switzerland and China and now in Europe. It will be spreading to other countries in the near future.

This signal has triggered four times in the last 20 years. Every time it did stocks lost between 20% and 50% in the following six months.

There is a widespread global campaign to eradicate physical cash. And we’ve now got a connected insider confirming it.

The Fed has conditioned investors to ignore fundamentals, valuations, and the business cycle. As a result, we are in another bubble that will burst as all bubbles do.

Stripped of accounting gimmicks, real GDP growth shows economic collapse. And it will culminate in another stock market crash.

This is the REAL picture of the global economy. It isn’t what CNBC and the talking heads tell you. It is economic collapse.

Before it’s all said and done, the Fed will likely push to either implement a carry tax on physical cash OR ban physical cash entirely.

One weekend. The process was not gradual. It was sudden and it was total: once it began in earnest, the banks were closed and you couldn’t get your money out (more on this in a moment).