Japanese Prime Minister Shinzo Abe warned his Group of Seven counterparts on Friday that the world may on the brink of a global financial crisis on the scale of Lehman Brothers.

The Japanese Prime Minister presented data yesterday at the G7 summit he is hosting, showing that commodities prices have fallen 55 percent since 2014, the same margin they fell during the global financial crisis, interpreting this as “warning of the re-emergence of a Lehman-scale crisis”.

The Japanese Prime Minister Shinzo Abe failed in his attempt to have the G7 leaders warn of the risk of a global economic crisis in a communique issued as their summit wrapped up today in Japan.

The final statement failed to address the scale of the financial crisis facing the world today and instead gave the impression that the worst is over with somewhat Orwellian language which declared that G-7 countries “have strengthened the resilience of our economies in order to avoid falling into another crisis.”

The communique gives the impression that there is little risk due to strengthened, resilient economies when the truth is that there are significant risks facing the global financial system and the global economy. Some of which include:

• The global economy remains vulnerable to recessions and new debt crises. There are fragile recoveries in the Eurozone, UK and U.S. while Japan remains in a recession
• Financial and banking systems remains vulnerable as seen in the very sharp falls in bank shares in recent weeks. Spanish, Italian, Greek and German banks have seen sell offs
• Geopolitical risk in the Middle East (Syria, Saudi, Iran etc.), increasing tensions amongst Russia, China and western powers and the increasing spectre of terrorism and war
• The Eurozone crisis is far from resolved and there is the risk of debt crises in China, the U.S., the Eurozone and indeed the UK

• BREXIT causes a short term risk but the real risk is the poor financial fundamentals of the UK economy – total debt to GDP ratio (public and private) is over 450% and completely unsustainable.

Japan had pressed G-7 leaders to note “the risk of the global economy exceeding the normal economic cycle and falling into a crisis if we did not take appropriate policy responses in a timely manner.” However, leaders again failed to take leadership and opted for spin and again lulling their electorates into a false sense of security about the financial and economic outlook.

Rather than doing the responsible thing in this regard, there appears to have been an attempt to focus on BREXIT and to scare UK voters into not voting for a UK exit from the EU. German Chancellor Angela Merkel went as far as to say that BREXIT had not even been discussed but that there was a consensus that they wanted the UK to stay in the EU.

Yet, a 32-page declaration putatively from the G7 leaders declared that “A UK exit from the EU would reverse the trend towards greater global trade and investment, and the jobs they create, and is a further serious risk to growth.” Brexit was listed alongside geopolitical conflicts, terrorism and refugee flows as a potential shock of a “non-economic origin”.

Japan is right to be warning that there is a danger of the world economy careering into another financial crisis on the scale of the 2008 Lehman shock given the scale of the debt in the world today is much, much more than it was prior to the first financial crisis – see McKinsey Global Institute chart above.

Diversification remains the key to weathering the likely impact of the next financial crisis on financial markets and assets including deposits. Paper and digital assets, including digital gold, contain unappreciated risks such as bail-ins and inability to transact, be paid, liquidity etc.

Direct legal ownership of individually segregated and allocated gold coins and bars will again protect and grow wealth in the coming years.

– Gold Should Rise Above $1,900/oz -“New Bull Market”
– World’s Largest Asset Manager Suggests “Perfect Time” For Gold
– Gold As “Extremely Low-Risk Asset” – Rogoff Advises Creditor Nations
– Silver – “Best Precious Metals Trade”
– Bank Bail-Ins Pose Risks To Depositors, Investors & Economies
– Take Delivery of Gold and Silver Coins, Store Gold Bars – Hobbs
– George Soros Buying Gold ETF And Gold Shares In Q1
– Hedge Funds Take Record Long Silver Position As Silver Bullion Deficit Surges

(ZeroHedge)

Mandatory Evacuation Issued for Rosenberg, Texas, As Floods Turn Deadly

(NaturalNews) Get ready for an exciting week for independence science. Over the next 1-2 weeks, I'll be making three landmark announcements -- unprecedented milestones in the history of independent science.

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So watch Natural News for the announcement of the EPA Watch water results. There are some disturbing findings in the municipal water supply across America.

Watch for an announcement at EPAwatch.org.

Scientists everywhere are going to be astonished...

The next two announcements will see the jaws drop among scientists all across the world as they witness how we just leapfrogged most university laboratories to achieve something that has enormous implications for food safety and transparency. Once we make this announcement, we begin a new era of independent food science... this is the day the big food companies hoped would never arrive because it means they can no longer hide their poisons from their own customers.

None of this could have happened without your support! You are part of history in the making, and we are using the tools of science to help set you free from the lies and deceptions of the food companies, vaccine manufacturers and certain unethical dietary supplement charlatans.

My goal with this has always been to reveal the real truth about what's in our food, water, supplements, medicines and body care products. Now we have achieved a series of extraordinary milestones that allow us to do exactly this -- and to do it in the public interest, releasing all the results for free, with no government funding whatsoever. (In fact, the government will be horrified when our news breaks this coming week... but they can't shut down our lab because they don't fund it!) Watch CWClabs.com for results.

An historic victory for consumers