Warning! The Banks Will Collapse Very Soon – Will That Cause A Complete And Total Collapse Of Society?

banks

WARNING!!! The banks will collapse very soon

If the United States experiences a horrifying economic collapse (and it most definitely will), will that cause a complete and total collapse of society?  Will we experience crime, violence, riots and social unrest on a scale that is unprecedented in U.S. history?  Before you dismiss such notions as utter foolishness dreamed up by a few bloggers with too much time on their hands, perhaps you should consider what one of the biggest credit rating organizations in the world is saying.  According to a report on sovereign debt by Moody’s, the world’s five biggest AAA-rated countries (including the United States) are all at risk of soaring debt costs and will have to implement austerity plans that threaten “social cohesion”.  In case you are wondering what happens when “social cohesion” starts to break down due to economic factors, just check out the recent examples in Iceland and Greece.  If even Moody’s is warning that there is a realistic possibility that “social cohesion” in the United States may break down due to economic factors, perhaps we should all start listening. [Read more…]

Did You Know During The Coming Economic Crisis Two-Thirds Of The Country Will Be Out Of Cash Almost Immediately

The Coming Economic Crisis

Did you know that almost 70 percent of the U.S. population is essentially living paycheck to paycheck?  As you will see below, a brand new survey has found that 69 percent of all Americans have less than $1,000 in savings.  Of course one of the primary reasons for this is that most of us are absolutely drowning in debt.  In fact, the total amount of household debt in the United States now exceeds 12 trillion dollars.  So many Americans are so busy just trying to pay off their existing debts that they can’t even think about saving anything for the future.  If economic conditions remain relatively stable, the fact that so many of us are living on the edge probably won’t kill us.  But the moment the economy plunges into another 2008-style crisis (or worse), we could be facing a situation where two-thirds of the country is in imminent danger of running out of cash. [Read more…]

During The Coming Economic Crisis Two-Thirds Of The Country Will Be Out Of Cash Almost Immediately. If You Don’t have An Emergency Fund You Are In Danger Of Losing Everything.

Economic Crisis

Coming Economic Crisis

Did you know that almost 70 percent of the U.S. population is essentially living paycheck to paycheck?  As you will see below, a brand new survey has found that 69 percent of all Americans have less than $1,000 in savings.  Of course one of the primary reasons for this is that most of us are absolutely drowning in debt.  In fact, the total amount of household debt in the United States now exceeds 12 trillion dollars.  So many Americans are so busy just trying to pay off their existing debts that they can’t even think about saving anything for the future.  If economic conditions remain relatively stable, the fact that so many of us are living on the edge probably won’t kill us.  But the moment the economy plunges into another 2008-style crisis (or worse), we could be facing a situation where two-thirds of the country is in imminent danger of running out of cash. [Read more…]

8 Financial Experts That Are Warning That A Great Financial Crisis Is Imminent

Financial

8 Financial Experts That Are Warning That A Great Financial Crisis Is Imminent

Will there be a financial collapse in the United States before the end of 2016?  An increasing number of respected financial experts are now warning that we are right on the verge of another great economic crisis.  Of course that doesn’t mean that it will happen.  Experts have been wrong before.  But without a doubt, red flags are popping up all over the place and things are lining up in textbook fashion for a new financial crisis.  As I write this article, U.S. stocks have declined four days in a row, the Dow is down more than 750 points from the peak of the market in May, and one out of every five U.S. stocks is already in a bear market.  I fully expect the next several months to be extremely chaotic, and I am far from alone.  The following are 8 financial experts that are warning that a great financial crisis is imminent… [Read more…]

Economic Collapse Is Erupting All Over The Planet As Global Leaders Begin To Panic: The First 24 Hours of The Dollar Collapse

Economic Collapse

Economic Collapse Is Erupting All Over The Planet As Global Leaders Begin To Panic: The First 24 Hours of The Dollar Collapse

Mainstream news outlets are already starting to use the phrase “economic collapse” to describe what is going on in some areas of our world right now.  For many Americans this may seem a bit strange, but the truth is that the worldwide economic slowdown that began during the second half of last year is starting to get a lot worse.  In this article, we are going to examine evidence of this from South America, Europe, Asia and North America.  Once we are done, it should be obvious that there is absolutely no reason to be optimistic about the direction of the global economy right now.  The warnings of so many prominent experts are now becoming a reality, and what we have witnessed so far are just the early chapters of a crushing economic crisis that will affect every man, woman and child in the entire world. [Read more…]

Venezuela Food Riots, Civil Unrest, Chaos as 7 Babies Die In Hospital Per Day!

Venezuela

Venezuela Food Riots, Civil Unrest, Chaos as 7 Babies Die In Hospital Per Day!

Public hospitals in Venezuela are facing a major health crisis due to a severe lack of medications, equipment, electricity and food.

Seven newborn babies recently died in a hospital in Barcelona, Venezuela, according to The New York Times. A blackout hit the city, and respirators in the hospital’s maternity ward shut down, claiming three young lives. Doctors kept the other babies alive by manually pumping air into their tiny lungs for hours, but four more died that night. [Read more…]

Is The U.S. Government Stockpiling Food In Anticipation Of A Major Economic Crisis?

Food

Is The U.S. Government Stockpiling Food In Anticipation Of A Major Economic Crisis?

Is the U.S. government stockpiling huge amounts of food and supplies in anticipation that something bad is about to happen?  Is something about to cause a major economic crisis that will require large quantities of emergency food?  For a while, I have been hearing things about the government storing food through the grapevine and I have not been sure what to think about those rumors.  Well, today I received a phone call that blew me away.  I debated for quite a while before I decided whether or not to share this information with you all.  Normally I do not like to talk about anything unless I am able to prove it by pointing to an article in the mainstream media.  But the source of the information that I am about to share with you is rock solid.  I cannot reveal his name, so you will just have to trust me on that.  Hopefully the following information will be one more “dot” as we all try to connect the dots about what is really going on out there. [Read more…]

Economic Collapse — The Train Wreck that is Happening Now!

Economic Collapse

Economic Collapse — The Train Wreck that is Happening Now!

Even the Tweedledumbs of Wall Street are finally catching on to the fact that global economic collapse is happening all around them. Two weeks ago, they could have stood inside the building shown on the left with their nicely polished, rose-colored glasses and seen only signs of an improving housing market. Now enough shingles are falling on their heads that they’re starting to realize things are falling apart. [Read more…]

Is a Catastrophic Economic Meltdown Coming?

economic-collapse

Is a Catastrophic Economic Meltdown Coming?

By Guy Christopher of Money Metals Exchange

The sticking point everyone wants to know when making financial decisions: Is a global economic disaster coming or not? According to headlines shouting green shoot recovery, rising employment, and a red hot stock market, the answer is Not.

Those propaganda headlines come with soothing tales of compassionate, wise, and unified central bankers running the show, having everything under control.

One by one, those bankers are now separating their nations’ fortunes, and their own, from one another. Many are publicly demonstrating they don’t trust each other, and just as certainly, proving why you should not trust any of them. [Read more…]

If You Want To Survive The Economic Collapse-Read This

Economic Collapse

If You Want To Survive The Economic Collapse-Read This

Nearly two-thirds of all Americans are completely and totally unprepared for the next economic crisis. As you will read about below, a new survey has found that only 38 percent of Americans have enough money on hand to cover “a $500 repair bill or a $1,000 emergency room visit”. That essentially means that 62 percent of the people in this country do not have an emergency fund. Even after the extremely bitter financial lessons that millions of Americans learned during the last recession, most of us are still choosing to live on the edge. That is utter insanity, and when the next major economic downturn strikes most people are going to find themselves totally unprepared.

RELATED : MILLIONS OF AMERICANS ARE VULNERABLE TO STARVATION

[Read more…]

Lindsey Williams elite friend gives 3 month warning for economic implosion.

LINDSEY WILLIAMS

Lindsey Williams elite friend gives 3 month warning for economic implosion.

Will there be a financial collapse in the United States before the end of 2015? An increasing number of respected financial experts are now warning that we are right on the verge of another great economic crisis. Of course that doesn’t mean that it will happen. Experts have been wrong before. But without a doubt, red flags are popping up all over the place and things are lining up in textbook fashion for a new financial crisis. As I write this article, U.S. stocks have declined four days in a row, the Dow is down more than 750 points from the peak of the market in May, and one out of every five U.S. stocks is already in a bear market. I fully expect the next several months to be extremely chaotic, and I am far from alone.(source)

[Read more…]

WARNING!!! The banks will collapse very soon

collapse

WARNING!!! The banks will collapse very soon

If the United States experiences a horrifying economic collapse (and it most definitely will), will that cause a complete and total collapse of society?  Will we experience crime, violence, riots and social unrest on a scale that is unprecedented in U.S. history?  Before you dismiss such notions as utter foolishness dreamed up by a few bloggers with too much time on their hands, perhaps you should consider what one of the biggest credit rating organizations in the world is saying.  According to a report on sovereign debt by Moody’s, the world’s five biggest AAA-rated countries (including the United States) are all at risk of soaring debt costs and will have to implement austerity plans that threaten “social cohesion”.  In case you are wondering what happens when “social cohesion” starts to break down due to economic factors, just check out the recent examples in Iceland and Greece.  If even Moody’s is warning that there is a realistic possibility that “social cohesion” in the United States may break down due to economic factors, perhaps we should all start listening.

Us2

Or if you will not listen to Moody’s, then perhaps you will listen to the man who has been called the top trends researcher in the entire world.  Gerald Celente is the CEO of Trends Research Institute, and he is convinced that we are heading into what he calls “The Greatest Depression”.  The picture that he paints of the future of America is extremely alarming and extremely sobering.  It would be easy to dismiss his forecasts as just the ramblings of another useless “talking head”, but unfortunately Celente has been dead-on accurate time after time after time in the past.  Considering his exemplary track record, what Celente says is coming next for America is incredibly frightening….

At this point you may be tempted to think that America has been through extremely tough economic times before (The Great Depression for example) and came through them okay.

So what is so different now?

Well, the truth is that the character of the American people is dramatically different.  At the time of the Great Depression, the American people were tough, self-sufficient people who knew how to live off the land.  Today, most Americans are weak, spoiled little children who will throw a temper tantrum whenever anyone tries to take their toys away.  The character of the American people has been decaying for decades, and there is no way that the current crop of Americans has any chance of weathering a horrible economic depression the way Americans back in the 1930s did.

Already we are seeing early signs of what the rest of America could soon be like.  The city of Detroit is a rotting, crime-ridden war zone that has a “real” unemployment rate of somewhere around 40 to 50 percent.  The state of California has become a cesspool of gang violence, rampant unemployment, rising foreclosures, unchecked drug dealing, and depressing economic decline.  Even in New York City we are seeing early signs of what is ahead.  Residents are quite alarmed about the dramatic rise in violent crime that is happening throughout the city.  Many New Yorkers were convinced that the days of “The Rotten Apple” were behind them, but economic problems are going to cause an increase in crime in just about any city.

But it just isn’t crime that is on the rise.  Millions of normal, law-abiding Americans are angry.  This anger is coming out in various ways – including the Tea Party protests that are sweeping the nation.  The majority of the American people are frankly disgusted with the government, and the approval ratings for both major parties continue to hover around record lows.  As things continue to get worse for the U.S. economy, the anger of the American people is going to continue to rise.

All of this is causing many in the U.S. government to view “troublemakers” inside the United States as one of the greatest threats to national security.  In fact, according to FBI Director Robert Mueller, “homegrown terrorists” represent as big a threat as al-Qaeda.

As big a threat as al-Qaeda?

For a top U.S. government official to come right out and make a statement like that is absolutely mind blowing.

Not only that, but now former U.S. President Bill Clinton is comparing Tea Party members to Timothy McVeigh.

Considering the fact that Timothy McVeigh received the death penalty, that is a very frightening parallel for Clinton to draw.

Does Clinton actually believe that Tea Party protesters should receive the same treatment as McVeigh?

Even more alarming is new legislation being pushed in the U.S. Senate.  A new bill introduced by Senators John McCain and Joe Lieberman would allow the U.S. military to round up large numbers of Americans and detain them indefinitely without a trial if they “pose a threat” or if they have “potential intelligence value” or for any other reason the President of the United States “considers appropriate”.

The reality is that as “necessary” as bills like that may seem to many as we edge ever closer to the breakdown of society, the reality is that the United States is quickly becoming just like so many of the other horrific totalitarian regimes that we have seen rise throughout the 20th and 21st centuries.

In fact a time may soon be coming when authorities in the U.S. may soon be able to legally utter this bone chilling phrase: “Your Papers Please!”  Lawmakers in Washington D.C. working to create a new immigration “reform” bill have decided on a way to prevent employers from hiring illegal immigrants: a national biometric identification card that all American workers would be required to obtain.

Can you imagine being forced to carry around a national identification card?

Or worse?

A startup company developing “chipless RFID ink” has already tested its product on cattle and laboratory rats.

Could one day we all be required to sport an “RFID tatoo” to prove our identity to authorities?

Let’s hope not.

But many of us never thought that the day would come when we would see things such as the Patriot Act, “no fly” lists, the NSA’s warrantless wiretapping program, DNA databases, Guantanamo Bay or full-body scanners at airports that reveal the graphic details of our naked bodies either.

America is quickly changing.  The next Great Depression is coming, and society is not going to be able to handle it.  How the U.S. government (and governments around the world) handle the coming social problems is going to be very interesting to watch.  Let’s hope that all of this does not degenerate into the absolute societal nightmare that many are projecting that it could be.(source)

USDECEPTION2015

 

Peter Schiff Why An Economic Crash Is Coming In 2015

ECONOMY COLLAPSE: WHAT WILL HAPPEN TO YOUR SAVING IN THE BANK?

 

Hope for the best, but prepare for the worst.

This is a good motto to live by, despite how you think about things.

Individuals can still hope for the best (that things can and will eventually work out), but what good is your prosperity going to do if you don’t have anything to eat or a safe place to hang out for an extended period of time?

Why not prepare while you still can — when things are readily available and can still be purchased at cheap prices? The coming hyper-inflation will make any such purchases beforehand look very intelligent…

To prepare for the worst, you need a plan. Why are most people so against doing basic preparations that could be the difference on how they survive — or whether they survive?

History shows time and again that those who prepare always fare better than those who did not.

Having a plan and being determined to act on that plan will always be the best way to handle any contingencies, should they occur.

After disaster strikes, your mind is going to be racing around like a car on a race track. Preplanning and having a written set of measures to take will make someone’s life go much smoother when the SHTF.

 

Other useful resources:33

Survival MD (Best Post Collapse First Aid Survival Guide Ever)

Backyard Innovator (A Self Sustaining Source Of Fresh Meat,Vegetables And Clean Drinking Water)

Blackout USA (EMP survival and preparedness)

Conquering the coming collapse (Financial advice and preparedness )

Liberty Generator (Build and make your own energy source)

Backyard Liberty (Easy and cheap DIY Aquaponic system to grow your organic and living food bank)

Bullet Proof Home (A Prepper’s Guide in Safeguarding a Home )

Family Self Defense (Best Self Defense Strategies For You And Your Family)

Sold Out After Crisis (Best 37 Items To Hoard For A Long Term Crisis)

Survive The End Days (Biggest Cover Up Of Our President)

Drought USA(Discover The Amazing Device That Turns Air Into Water)

 

 

Unprepared: What Do You Think Would Happen If A Greek-Style Crisis Hit America?

Unprepared

Unprepared: What Do You Think Would Happen If A Greek-Style Crisis Hit America?

In this article, I am going to share with you some statistics that prove that most Americans are completely and totally unprepared for a Greek-style economic crisis.  According to one recent survey, an all-time high 72 percent of all Americans are concerned about an economic downturn, and yet the amount of actual preparation that is taking place for the next economic downturn is very low.  As 2008 has faded into our memories, most Americans have been lulled into a false sense of security.  Most people seem to be far more concerned about the latest exploits and scandals of their favorite celebrities than they are about the very real problems that this nation is steamrolling toward.  Hopefully what is going on in Greece right now will serve as a wake up call, because the truth is that similar things could happen in the United States much sooner than most of us would dare to imagine.

[Read more…]

Gerald Celente: “COLLAPSE: IT’S COMING! ARE YOU READY?”

Gerald Celente

Gerald Celente: “COLLAPSE: IT’S COMING! ARE YOU READY?”

Trend forecaster Gerald Celente of the Trends Journal advises subscribers of his quarterly newsletter that the collapse is on it’s way and will become apparent to the population of the entire world in short order.

While pundits argue over whether or not a double dip recession is coming, many on the street have finally begun to realize that another recession is the least of our problems.

Via Gerald Celente’s

Everything is not all right. And things are going to get worse … much worse. The economy is on the threshold of calamity. Wars are spreading like wildfires. The world is on a razor’s edge.
Not so, say world leaders and mainstream media experts. Yes, there are problems, but the financiers and politicians are aware of them. Policies are already in place and measures are being taken to correct them.

Whether it’s failing economies, intractable old wars or raging new wars, the word from the top always maintains that steady progress is being made and comforts the populace with assurances that the brightest minds and the sharpest generals are in charge and on the case. On all fronts, success is certain and victory is at hand. Only “patience” is required … along with more men, more time and more money.Us2

As far as these “leaders” and their media are concerned, the only opinions that count come from a stable of thoroughbred experts, official sources and political favorites. Only they have the credentials to speak with authority and provide trustworthy forecasts. That they are consistently, if not invariably, wrong apparently does nothing to diminish their credibility.

How can any thinking adult possibly imagine that the same central bankers, financiers and politicians responsible for creating the economic crisis are capable of resolving it?

Yet even in the face of their proven failures and gross incompetence, anyone daring to challenge the party line or the conventional wisdom is dismissed as an “alarmist,” “fear monger,” or “gloom-and-doomer.”

…with the Dow on a down trend and the economic data increasingly pointing in the direction of Depression, Washington and Wall Street remain in denial. The only debate among the “experts” is whether or not a “double dip” recession is likely.

However, for the man on the street – pummeled by falling wages, higher prices, intractable unemployment, rising taxes and punitive “austerity measures” – “Depression,” not “recession,” and certainly not “prosperity,” is just around the corner.

Trend Forecast: The wars will proliferate and civil unrest will intensify. As we forecast, the youth-inspired revolts that first erupted in North Africa and the Middle East are now breaking out in Europe

Given the trends in play and the people in power, economic collapse at some level is inevitable. Governments and central banks will be unrelenting in their determination to wring every last dollar, pound or euro from the people through taxes while confiscating public assets (a.k.a. privatization) in order to cover bad bets made by banks and financiers.

When the people have been bled dry financially and have nothing left to give, blood will flow on the streets.

 

We’ve been saying it for over two years, and we maintain our position today – this is a depression. No amount of government machination is going to fix the fundamental problems within the financial, economic, monetary and political systems of our country. Nature will force balance one way or the other. And nature, as we have come to learn in recent months, can be very brutal.

Make no mistake. We are in as serious a time today as any in the last century. While we may not be directly engaged in a World War, it is not that far off. Analysts often speak of the engagements in the middle east as four separate wars (Iraq, Afghanistan, Libya, and now Yemen). We may be engaged in conflict across four different borders, but there is only one war – and it will soon expand. It’s only a matter of time before China and Russia get involved. Look at the middle east and you’ll clearly see this is a battle for resources and regional dominance. Chinese state owned companies have had to withdraw 30,000 employees from the Libyan oil fields. Ownership, it seems, has now been granted to the “rebels.” Similar activities, though hidden from the view of the masses, are occuring all over the world. How long before the Chinese, the Russians and others take a real stand – a military stand?

Even if we were to avoid global war, which is doubtful in the long-term, the fact that the super majority of the world’s population is broke and going hungry means that rioting, revolution and bloody civil wars cannot be avoided. If you still believe that the powers that be, those politicians who are in bed with the very financiers and military industrial complex that is robbing us blind and pushing us towards war, have your interests at heart, then you need to have your head examined. It’s time to be blunt. You either get it, or you don’t.

The United States of America, as well as the world, will be unrecognizable as it exists today within the next decade.

We offer the same advice that Mr. Celente has offered:

…it has to be treated as if you are preparing for battle; expect the unexpected and prepare for the worst, which in these perilous times could be a declaration of economic martial law. Banks may close, currencies may be devalued and deposit withdrawals may be imposed. Remember Gerald Celente’s basic survival strategy, “GC’s Three G’s: Guns, Gold and a Getaway plan.”

uscrises

We’re in the middle of an unprecedented global crisis. Make preparations or suffer the consequences.

The Whole System Is About To Collapse.

Gerald Celente: The Panic Will Hit in 2015!

 

 

Other useful resources:33

Survival MD (Best Post Collapse First Aid Survival Guide Ever)

Backyard Innovator (A Self Sustaining Source Of Fresh Meat,Vegetables And Clean Drinking Water)

Blackout USA (EMP survival and preparedness)

Conquering the coming collapse (Financial advice and preparedness )

Liberty Generator (Build and make your own energy source)

Backyard Liberty (Easy and cheap DIY Aquaponic system to grow your organic and living food bank)

Bullet Proof Home (A Prepper’s Guide in Safeguarding a Home )

Family Self Defense (Best Self Defense Strategies For You And Your Family)

Sold Out After Crisis (Best 37 Items To Hoard For A Long Term Crisis)

 

SOURCE : shtfplan.com

14 Signs That Most Americans Are Flat Broke And Totally Unprepared For The Coming Economic Crisis

Unprepared

14 Signs That Most Americans Are Flat Broke And Totally Unprepared 

When the coming economic crisis strikes, more than half the country is going to be financially wiped out within weeks.  At this point, more than 60 percent of all Americans are living paycheck to paycheck, and a whopping 24 percent of the country has more credit card debt than emergency savings.  One of the primary principles that any of these “financial experts” that you see on television will teach you is to have a cushion to fall back on.  At the very least, you never know when unexpected expenses like major car repairs or medical bills will come along.  And in the event of a major economic collapse, if you do not have any financial cushion at all you will be a sitting duck.  Yes, I know that there are millions upon millions of families out there that are just trying to scrape by from month to month at this point.  I hear from people that are deeply struggling in this economy all the time.  So I don’t blame them for not being able to save lots of money.  But if you are in a position to build up an emergency fund, you need to do so.  We have been experiencing an extended period of relative economic stability, but it will not last.  In fact, the time for getting prepared for the next great economic downturn is rapidly running out, and most Americans are not ready for it at all.  The following are 14 signs that most Americans are flat broke and totally unprepared for the coming economic crisis

Us2

#1 According to a survey that was just released, 24 percent of all Americans have more credit card debt than emergency savings.

#2 That same survey discovered that an additional 13 percent of all Americans do not have any credit card debt, but they do not have a single penny of emergency savings either.

#3 At this point, approximately 62 percent of all Americans are living paycheck to paycheck.

#4 Adults under the age of 35 in the United States currently have a savings rate of negative 2 percent.

#5 More than half of all students in U.S. public schools come from families that are poor enough to qualify for school lunch subsidies.

#6 A study that was conducted last year found that more than one out of every three adults in the United States has an unpaid debt that is “in collections“.

#7 One survey discovered that 52 percent of all Americans really cannot even financially afford the homes that they are living in right now.

#8 According to research conducted by Atif Mian of Princeton University and Amir Sufi of the University of Chicago Booth School of Business, 40 percent of Americans could not come up with $2000 right now without borrowing it.

#9 That same study found that 60 percent of Americans could not say yes to the following question…

“Do you have 3 months emergency funds to cover expenses in case of sickness, job loss, economic downturn?”

#10 A different study discovered that less than one out of every four Americans has enough money stored away to cover six months of expenses.

#11 Today, the average American household is carrying a grand total of 203,163 dollars of debt.

#12 It is estimated that less than 10 percent of the entire U.S. population owns any gold or silver for investment purposes.

#13 48 percent of all Americans do not have any emergency supplies in their homes whatsoever.

#14 53 percent of all Americans do not even have a minimum three day supply of nonperishable food and water in their homes.

Perhaps none of this concerns you.

Perhaps you think that this bubble economy can persist indefinitely.

Well, if you won’t listen to the more than 1200 articles that set out the case for the coming economic collapse on my website, perhaps you will listen to former Federal Reserve Chairman Alan Greenspan.  The following is what he recently told one interviewer

We asked him where he thought the gold price will be in five years and he said “measurably higher.”

In private conversation I asked him about the outstanding debts… and that the debt load in the U.S. had gotten so great that there has to be some monetary depreciation. Specially he said that the era of quantitative easing and zero-interest rate policies by the Fed… we really cannot exit this without some significant market event… By that I interpret it being either a stock market crash or a prolonged recession, which would then engender another round of monetary reflation by the Fed.

He thinks something big is going to happen that we can’t get out of this era of money printing without some repercussions – and pretty severe ones – that gold will benefit from.

And as I have stressed so frequently, the signs that the next crisis is almost here are all around us.

For example, the Baltic Dry Index has just plunged to a fresh record low, and things have already gotten so bad that some global shippers are now filing for bankruptcy

The unintended consequences of a money-printed, credit-fueled, mal-investment-boom in commodities (prices – as opposed to physical demand per se) and the downstream signals that sent to any and all industries are starting to bite. The Baltic Dry Index has plunged once again to new record lows and the collapse of the non-financialized ‘clean’ indicator of the imbalances between global trade demand and freight transport supply has the real-world effects are starting to be felt, as Reuters reports the third dry-bulk shipper this month has filed for bankruptcy… in what shippers call “the worst market conditions since the ’80s.”

Perhaps you do see things coming.

Perhaps you do want to get prepared.

If you are new to all of this, and you don’t quite know how to get started preparing, please see my previous article entitled “89 Tips That Will Help You Prepare For The Coming Economic Depression“.  It will give you some basic tips that you can start implementing right away.

And of course one of the most important things is something that I talked about at the top of this article.

If at all possible, you have got to have an emergency fund.  When the coming economic storm strikes, your family is going to need something to fall back on.

If you are trusting in the government to save you when things fall apart, you will be severely disappointed.

 

Other useful resources:22

Survival MD (Best Post Collapse First Aid Survival Guide Ever)

Backyard Innovator (A Self Sustaining Source Of Fresh Meat,Vegetables And Clean Drinking Water)

Blackout USA (EMP survival and preparedness)

Conquering the coming collapse (Financial advice and preparedness )

Liberty Generator (Build and make your own energy source)

Backyard Liberty (Easy and cheap DIY Aquaponic system to grow your organic and living food bank)

Bullet Proof Home (A Prepper’s Guide in Safeguarding a Home )

Family Self Defense (Best Self Defense Strategies For You And Your Family)

Sold Out After Crisis (Best 37 Items To Hoard For A Long Term Crisis)

 

SOURCE : theeconomiccollapseblog.com

Those That Are Not Preparing For The Coming Economic Depression Are Going To Bitterly Regret It

Economic

Those That Are Not Preparing For The Coming Economic Depression

The next great economic crisis is rapidly approaching, and most people are going to be totally blindsided by it.  Even though the warning signs are glaringly obvious, most Americans continue to believe that our “leaders” know what they are doing and that everything will be just fine.  But what will happen when the next great financial crash happens and trillions of dollars of “paper wealth” disappear into thin air?  What will happen when the coming credit crunch causes economic activity to dramatically slow down and millions upon millions of people lose their jobs?  This shouldn’t sound far-fetched to you.  Remember, this is exactly the kind of thing that we saw back in 2008, and the next great financial crisis is likely going to be significantly worse.  Our economy is in far worse shape than it was back in 2008, and government dependence is now at an all-time high even though most Americans are still enjoying debt-fueled false prosperity.  We are living in the largest debt bubble in the history of the planet, and when it bursts we are going to experience a crippling “adjustment” to our standard of loving.  Some people understand this and are busy preparing for what is ahead.  It has been estimated that there are approximately 3 million “preppers” in the United States, and that number is growing all the time.  Unfortunately, most Americans are not preparing for the coming economic depression and they are going to bitterly regret it.

So what does preparing for the coming economic depression look like?

Well, it doesn’t have to be complicated.  Most of the things that you should do are just common sense.

But there are some people that take things to extremes.  For example, a new National Geographic series is featuring a family that is actually constructing a “Doomsday Castle“.  The former U.S. Army officer that is building this unusual home is trying to prepare for virtually every type of disaster that he can imagine…

Meet Brent Sr., the leader of the six-person family. Brent is a former Army Infantry Training Officer who is heading up the project to build an “EMP (electromagnetic pulse)-proof medieval castle in the woods of the Carolinas.”emp_100-d4d0288

According to National Geographic, Brent is teaching five of his 10 children survival skills.

The unfinished, fortified castle that Brent Sr. is building — an idea he got during the Y2K prep craze — will be able to sustain an EMP-event that could wipe out a power grid, but will also survive natural disasters like hurricanes.

He even plans to train his family members to use crossbows and a catapult to defend against potential home invaders.

Not many people out there are going to take “prepping” to such extremes.

But even if you don’t plan to build a “Doomsday Castle”, that doesn’t mean that you should be doing nothing.

Sadly, most Americans are quite ill-prepared for a major economic downturn at this point.  In fact, most Americans seem to be doing almost nothing to prepare.

Just consider the following statistics.  Most of these numbers come from one of my previous articles…

-According to a survey that was recently released, 76 percent of all Americans are living paycheck to paycheck.

-46 percent of all Americans have less than $800 in savings.

27 percent of all Americans do not have even a single penny saved up.

-Less than one out of every four Americans has enough money stored away to cover six months of expenses.

-Each year, 12 million Americans take out high interest payday loans.

-In 1989, the debt to income ratio of the average American family was about 58 percent.  Today it is up to 154 percent.

-It is estimated that less than 10 percent of the U.S. population owns any gold or silver for investment purposes.

44 percent of all Americans do not have first-aid kits in their homes.

48 percent of all Americans do not have any emergency supplies stored up.

53 percent of all Americans do not have a 3 day supply of nonperishable food and water in their homes.

One survey asked Americans how long they thought they would survive if the electrical grid went down for an extended period of time.  Incredibly, 21 percent said that they would survive for less than a week, an additional 28 percent said that they would survive for less than two weeks, and nearly 75 percent said that they would be dead before the two month mark.

Those numbers are absolutely appalling.

When the system fails, most people are going to be completely blindsided by it and millions upon millions of people are going to absolutely freak out.

Don’t let that happen to you.Sold-Out-After-A-Crisis

So what are some basic things that you can do to get prepared for the great economic storm that is coming?

The following are a few of the things that Nicole Foss suggests…

1) Hold no debt (for most people this means renting)

2) Hold cash and cash equivalents (short term treasuries) under your own control

3) Don’t trust the banking system, deposit insurance or no deposit insurance

4) Sell equities, real estate, most bonds, commodities, collectibles (or short if you can afford to gamble)

5) Gain some control over the necessities of your own existence if you can afford it

6) Be prepared to work with others as that will give you far greater scope for resilience and security

7) If you have done all that and still have spare resources, consider precious metals as an insurance policy

8) Be worth more to your employer than he is paying you

9) Look after your health!

I think all of those are great pieces of advice.

In addition, below I have posted some of the things that I personally recommend.  The following is an excerpt from one of my previous articles entitled “25 Things That You Should Do To Get Prepared For The Coming Economic Collapse“…

#1 An Emergency Fund

Do you remember what happened when the financial system almost collapsed back in 2008?  Millions of Americans suddenly lost their jobs, and because many of them were living paycheck to paycheck, many of them also got behind on their mortgages and lost their homes.  You don’t want to lose everything that you have worked for during this next major economic downturn.  It is imperative that you have an emergency fund.  It should be enough to cover all of your expenses for at least six months, but I would encourage you to have an emergency fund that is even larger than that.

#2 Don’t Put All Of Your Eggs Into One Basket

If the wealth confiscation in Cyprus has taught us anything, it is that we should not put all of our eggs in one basket.  If all of your money is in one single bank account, it would be easy to wipe out.  But if you have your money scattered around a number of different places it will give you a little bit more security.

#3 Keep Some Cash At Home

This goes along with the previous point.  While it is not wise to keep all of your money at home, you do want to keep some cash on hand.  If there is an extended bank holiday or if a giant burst from the sun causes the ATM machines to go down, you want to be able to have enough cash to buy the things that your family needs.  Just ask the people of Cyprus how crippling a bank holiday can be.  One way to keep your cash secure at home is by storing it in a concealed safe.

#4 Get Out Of Debt

A lot of people seem to assume that an economic collapse would wipe out all debts, but that will probably not be the case.  In fact, if you are in a tremendous amount of debt you will be very vulnerable if the economy collapses and you are not able to find a job.  Just ask the people who were overextended and lost their jobs during the last recession.  So please get out of debt.  Many debt collectors are becoming increasingly ruthless.  In many areas of the country they are now routinely putting debtors into prison.  You do not want to be a slave to debt when the next wave of the economic collapse strikes.

#5 Gold And Silver

In the long-term, the U.S. dollar is going to lose a tremendous amount of value and inflation is going to absolutely skyrocket.  That is one reason why so many people are investing very heavily in gold, silver and other precious metals.  All over the globe, the central banks of the world are recklessly printing money.  Everyone knows that this is going to end very badly.  In fact, there is already a push in more than a dozen U.S. states to allow gold and silver coins to be used as legal tender.  Someday you will be glad that you invested in gold and silver now while their prices were still low.

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#6 Reduce Your Expenses

A lot of people claim that they can’t put any money toward prepping, but the truth is that we all have room to reduce our expenses.  We all spend money on things that we do not really need.  Those that are “lean and mean” will tend to do much better during the times that are coming.

#7 Start A Side Business

If you do not have much money, a great way to increase your income is by starting a side business.  And it does not take a lot of money – there are many side businesses that you can start for next to nothing.  And starting a side business will allow you to become less dependent on your job.  In this economic environment, a job could disappear at literally any time.

#8 Move Away From The Big Cities If Possible

For many people, this is simply not possible.  Many Americans are still completely and totally dependent on their jobs.  But if you are able, now is a good time to move away from the big cities.  When the next major economic downturn strikes, there will be rioting and a dramatic rise in crime in the major cities.  If you are able to move to a more rural area you will probably be in much better shape.

#9 Store Food

Global food reserves have reached their lowest level in nearly 40 years.  As the economy gets even worse and global weather patterns become even more unstable, the price of food will go much higher and global food supplies will become much tighter.  In the long run, you will be glad for the money that you put into long-term food storage now.

#10 Learn To Grow Your Own Food

This is a skill that most Americans possessed in the past, but that most Americans today have forgotten.  Growing your own food is a way to become more independent of the system, and it is a way to get prepared for what is ahead.

#11 Nobody Can Survive Without Water

Without water, you would not even make it a few days in an emergency situation.  It is imperative that you have a plan to provide clean drinking water for your family when disaster strikes.

#12 Have A Plan For When The Grid Goes Down

What would you do if the grid went down and you suddenly did not have power for an extended period of time?  Anyone that has spent more than a few hours without power knows how frustrating this can be.  You need to have a plan for how you are going to provide power to your home that is independent of the power company.

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#13 Have Blankets And Warm Clothing On Hand

This is more for emergency situations or for a complete meltdown of society.  During any major crisis, blankets and warm clothing are in great demand.  They also could potentially make great barter items.

#14 Store Personal Hygiene Supplies

A lot of preppers store up huge amounts of food, but they forget all about personal hygiene supplies.  During a long crisis, these are items that you would greatly miss if you do not have them stored up.  These types of supplies would also be great for barter.

#15 Store Medicine And Medical Supplies

You will also want to store up medical supplies and any medicine that you may need.  In an emergency situation, you definitely would not want to be without bandages and a first-aid kit.  Over the course of a long crisis, you do not want to run out of any medicines that are critical for your health.

#16 Stock Up On Vitamins

A lot of preppers do not think about this either, but it is very important.  These days, it is becoming increasingly difficult to get adequate nutrition from the foods that we eat.  That is why it is very important to have an adequate store of vitamins and other supplements.

#17 Make A List Of Other Supplies That You Will Need

During any crisis, there will be a lot of other things that you will need in addition to food and water.  The following are just a few basic things that it would be wise to have on hand…

– an axe

– a can opener

– flashlights

– battery-powered radio

– extra batteries

– lighters or matches

– fire extinguisher

– sewing kit

– tools

This list could be much, much longer, but hopefully this will get you started.

#18 Don’t Forget The Special Needs Of Your Babies And Your Pets

Young children and pets have special needs.  As you store supplies, don’t forget about the things that they will need as well.

#19 Entertainment

This may sound trivial, but the truth is that our entertainment-addicted society would become very bored and very frustrated if the grid suddenly went down for an extended period of time.  Card games and other basic forms of entertainment can make enduring a crisis much easier.

#20 Self-Defense

In the years ahead, being able to defend your home and your family is going to become increasingly important.  When the economy crashes, people are going to start to become very desperate.  And desperate people do desperate things.

#21 Get Your Ammunition While You Still Can

Your firearms will not do you much good if you do not have ammunition for them.  Already there are widespread reports of huge ammunition shortages.  The following is from a recent CNS News article…

“The run on ammunition has manufacturers scrambling to accommodate demand and reassure customers, as many new and seasoned gun owners stock up over fears of new firearms regulations at both the state and federal levels.”

Don’t just assume that you will always be able to purchase large amounts of ammunition whenever you want.  Get it now while you still can.

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#22 If You Have To Go…

Have a plan for what you and your family will do if you are forced to leave your home.  If you do have to go, the following are some items that you will want to have on hand…

– a map of the area

– a compass

– backpacks for every member of the family

– sleeping bags

– warm clothing

– comfortable shoes or hiking boots

#23 Community

One of the most important assets in any crisis situation is community.  If you have friends or neighbors that you can depend upon, that is invaluable.  The time spent building those bonds now will pay off greatly during a major crisis.

#24 Have A Back-Up Plan And Be Flexible

Mike Tyson once said the following…

“Everyone has a plan until they get punched in the mouth.”

No plan ever unfolds perfectly.  When your plan is disrupted, what will you do?

It will be imperative for all of us to have a back-up plan and to be flexible during the years ahead.

#25 Keep Your Prepping To Yourself

Do not go around and tell everyone in the area where you live about your prepping.  If you do, then you may find yourself overwhelmed with “visitors” when everything falls apart.

And please do not go on television and brag about your prepping to a national audience.

Prepping is something that you want to keep to yourself, unless you want hordes of desperate people banging on your door in the future.

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For much more on prepping, I would encourage you to check out the dozens of excellent websites out there that teach people advanced prepping techniques for free.

So what do you think about all of this?

Are you getting prepared for the coming economic depression?

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Other useful resources:

Survival MD (Best Post Collapse First Aid Survival Guide Ever)

Backyard Innovator (A Self Sustaining Source Of Fresh Meat,Vegetables And Clean Drinking Water)

Blackout USA (EMP survival and preparedness)

Conquering the coming collapse (Financial advice and preparedness )

Liberty Generator (Build and make your own energy source)

Backyard Liberty (Easy and cheap DIY Aquaponic system to grow your organic and living food bank)

Bullet Proof Home (A Prepper’s Guide in Safeguarding a Home )

Family Self Defense (Best Self Defense Strategies For You And Your Family)

Sold Out After Crisis (Best 37 Items To Hoard For A Long Term Crisis)

 

SOURCE : theeconomiccollapseblog.com