Central Bankers Say They Can't Stop What's Coming... PREPARE NOW!

Georgiou"Yanis"Varoufakis is a Greek economist and politician. Since 2018, he has been Secretary-General of the Democracy in Europe Movement 2025 (DiEM25), a Europeanpolitical party he co-founded in 2016. Previously, he was a member of Syrizaand was Greece's Minister of Finance between January and July 2015, negotiating on behalf of the Greek government during the 2009–2018 Greek government-debt crisis.

Three days ago I was invited to what was described as an "informal consultation" in Basel, Switzerland—when I arrived, I realized this was an emergency gathering of central bank officials from across the Western world, and the panic in that room was palpable. A senior Fed official stood up and said words that made everyone go silent: "We need to stop pretending this is manageable—Treasury demand is collapsing, repo markets are breaking, and after Saudi BRICS, three of our largest foreign holders want out; this is crisis management now." What I learned violates multiple confidentiality agreements, but people deserve to know: central banks are dumping US Treasuries through hidden offshore channels to avoid triggering the crash they're trying to prevent, they've drafted emergency protocols for capital controls and bank holidays, and they're calculating $3-5 trillion in pension fund losses they have no tools to stop. A Nordic central bank official told me privately: "We've run the scenarios—there's no pathway where this ends well; best case is slow decline over a decade, worst case is sudden crisis with market freezes and social unrest, and we're basically praying nothing goes wrong while we prepare emergency measures." The timeline? 12-18 months maximum before crisis, possibly compressed to months or weeks if BRICS launches their currency or another geopolitical shock hits—and the people responsible for preventing financial collapse just admitted they have no solution.