The Financial Collapse Is Here. Every Asset You Own Is at Risk
By Peter J. Merrick, TEP® and Adrian C. Spitters, CFP®, co-authors of the international bestseller It Starts With Gold™ and the forthcoming book Guns, Gold & Land™
This analysis continues a series of long-form investigations published in The Merrick Spitters Reset Report™
The collapse is not coming. It is already happening. It is being masked by noise, distraction, and denial.
Most individuals are unaware because they are being fed a steady stream of distraction. Political theater. Manufactured outrage. Sensational headlines. While the world argues, the global financial system is quietly being reset. The collapse is no longer theoretical. It is active and accelerating.
And it is being hidden from you.
In 2008, the world came close to financial ruin. Risky mortgages triggered the collapse of major banks. Governments responded by printing money and bailing out the institutions that caused the disaster. But the root problem was never fixed. It was multiplied.
Between 2009 and 2021, private equity firms borrowed billions at near-zero interest rates. They used this debt to acquire businesses that you know and trust. Joann Fabrics. Hooters. Party City. Jenny Craig. Bed Bath and Beyond. These were not failing companies. They were profitable. In Joann’s case, 97 percent of its stores were still making money.
So why did they collapse?
Because private equity loaded them with floating rate loans. These are loans that become more expensive every time interest rates rise. When the U.S. Federal Reserve started raising rates in 2022… from near 0 percent to over 5 percent by 2023… those loans became impossible to manage. The interest payments ballooned. Even profitable businesses could not survive the debt.
This was not mismanagement. It was engineered extraction. Private equity firms made their money in fees, asset sales, and dividends. They cashed out early and left the companies to collapse under the weight of debt.
In 2024 alone, more than 110 private-equity-owned companies filed for bankruptcy.
And those are just the ones we know about.
There are far more companies… many of them household names… that are already teetering on the edge. Their collapse is being delayed, not prevented. It is being hidden. If the public knew how fragile the economy truly was, confidence would evaporate overnight.
Banks have already offloaded the risk. They bundled these floating rate loans into financial products called CLOs… collateralized loan obligations… and sold them to pension funds and retirement plans. That means the danger has been transferred directly to your future.
To put it in perspective: the 2008 collapse was caused by about 2.4 trillion dollars in bad mortgage debt. Today, there is more than 3.8 trillion dollars in floating rate corporate debt and over 4 quadrillion dollars in unbacked derivatives… financial bets that can unravel the entire system instantly.
And no one is coming to save it this time.
The U.S. Federal Reserve is sitting on 900 billion dollars in losses. The U.S. government is more than 34 trillion dollars in debt. The European Central Bank and the Bank of Japan are already in the red. The system is stretched beyond repair.
And so a new system is being prepared. One built on Central Bank Digital Currencies. One where every transaction can be tracked, limited, and conditioned. Where ownership will be replaced with access. Where what you thought was yours can be taken without notice.
This is The Great Financial Confiscation.
BlackRock, which manages over 10 trillion dollars, is quietly buying single-family homes and turning them into rentals. You will not own. You will owe. Klaus Schwab of the World Economic Forum said it directly. You will own nothing and you will be happy.
Mark Carney, former head of the Bank of Canada and Bank of England, now working closely with globalist institutions, is pushing this transformation from behind the scenes. He is not alone. The Bank for International Settlements, the International Monetary Fund, the World Bank… all are involved.
This is not an economic cycle. It is a reset. It is the dismantling of personal ownership and the installation of programmable dependency.
But you still have a choice. If you act now.
The international bestseller It Starts With Gold, written by Peter J. Merrick and Adrian C. Spitters, was created to help individuals understand what is happening and take action before it is too late. With more than 70 years of combined experience, 10 years of research, and 7,000 hours of writing, the authors lay out what you are not being told.
This is not a book about buying gold. It is a manual for survival. It explains in simple terms how the collapse was engineered. It names the players. It reveals the tools used to transfer risk from the powerful to the powerless. And most importantly, it shows you how to protect yourself.
You will learn how to de-risk your wealth. How to rematerialize your assets so they cannot be frozen or deleted. How to build a community of like-minded individuals who value sovereignty over compliance.
Most are asleep. They are waiting for the news to confirm what they already feel. You are not. You know something is wrong.
And now you know what to do.
The first step is to read It Starts With Gold. Get your copy. Read it. Share it. Act on it.
Because when the final collapse becomes visible, it will already be too late to move. And what you thought was yours will already belong to someone else.
We Warned You And We Are Warning You Again. Before It Is Too Late: Arm Yourself With the Truth
What is unfolding is not fiction. It is not theory. It is a documented, coordinated shift toward global governance, digital control, and behavioural compliance. The warning signs are no longer subtle. They are flashing red.
It Starts With Gold was written to help you understand this transformation before it becomes irreversible. It is not just a book. It is a blueprint for protecting your sovereignty, your assets, and your freedom.
Join the growing movement of Canadians and global readers who are waking up to what is coming next.
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