Virtually every piece of hard economic data is telling us that the U.S. economic collapse is imminent. Many of the pundits have been warning that we could officially enter recession territory later this year or next year, but these numbers seem to indicate that the next economic collapse could happen a whole lot sooner than that. But the stock market has been surging over the last two months, and at this point stocks are off to their best start to a year since 1987, and as long as stock prices are rising a lot of people are simply not going to pay much attention to the economic alarm bells that are ringing the coming major stock market crash. But everyone should be paying attention, because things are really starting to get bad out there. The following are 18 really big numbers that show that the U.S. economy is starting to fall apart very rapidly and the next economic collapse is on our doorstep…
What is coming next has been a central focus of my work for a very long time. The last recession was very painful, but it did not fundamentally alter life in America.
UNPREDICTABLE political climates in countries including Britain, the United States and Germany pose the biggest threat to the global economy, according to a panel of experts, as they warned the danger signs of an imminent downturn – and possibly a crash – are already on display.
Furthermore, the US inflation may continue to escalate. The resulting stagnation, unemployment and growth rate decline may consequently force the Federal Reserve to raise interest rates on the US dollar, measures that may worsen the situation even further.
Stocks are down 1.5 per cent this year, after hitting dizzying heights in early October. Hedge funds are having their worst year since the 2008 crisis. Public debt recently hit another record high of $15.4 trillion in March 2018 — up $2.74 trillion from the previous peak which preceded the Great Recession. We are likely in a “global debt bubble”, Jim Rogers, the influential fund manager and commentator, has forewarned, of a crash that will be “the biggest in my lifetime”. If you add the private debt of $6.2 trillion to the public debt, the total American national debt becomes $21.6 trillion.
Ever since the Federal Reserve started printing money in the name of “quantitative easing” to pull us out of the last financial crisis, money has been cheap, and seemingly any American with a purse and a credit line has been able to fake “rich” by binging on all sorts of indulgences. The whole system is now running in reverse. The Fed has been hiking rates and spooking markets in order to stave off inflation and other potential ills.
The size of the American economy, which constitutes 25 per cent of the world’s, is about $20 trillion, but as indicated above the total American national debt (of $21.6 trillion) is already 107 per cent of the GDP. The size of China’s economy, on the other hand, is only half that of the US. But if it were to be adjusted in accordance with China’s purchasing power parity it will become the greatest world economy.
Talking globally, the total world gross national product is about $80 trillion, while the total amount of world debt is $300 trillion — not a healthy situation clearly.
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This next economic crisis will.
The “Everything Bubble” is bursting with a horryfic stock market crash, the “Perfect Storm” is coming, and all of our lives will never be the same again. But that doesn’t mean that there isn’t hope. In fact, once things really start getting crazy hope is going to be one of the major themes in my work because people are really going to need it. After the economic collapse and stock market crash there will be great challenges, and life will be very different, but that doesn’t mean that life is over.
Food prices rise dramatically
There is a direct correlation between rioting and the cost of food. It is a very simple principle – when people can’t afford to eat, they revolt [as was the case] in 2010 when food prices soared and Mohamed Bouazizi set himself on fire in Tunisia in December of that….sparking a series of revolutions throughout the Arab world…
The level of hunger and desperation in the Untied States has increased in recent years indicated by the increasing numbers of people on food stamps and increasing strain on local food banks. According to FeedingAmerica.org 1 in 6 Americans are dealing with hunger…. We are approaching conditions for civil unrest and revolt here in the Untied States…
The UN FAO Food Price Index has climbed recently to within 10% of the February 2011 high of 237 and should have you on alert right now. Were the index to cross into the 240s and then stay above that level then the probability is very high you only have weeks or possibly months before widespread violence will break out world-wide.
I predict that at least five European countries will go bankrupt this year, which will not mean they “close shop”, but they will be unable to provide services to their citizens. However, Brazil, Russia, India, China and South Korea will grow at a steady rate during the next 10 years. I believe that in 10 years, Africa will be on the same economic level as developed countries, and would become like Europe in 50 years. The GCC region economies will continue to grow, mainly because of its oil revenues. But if all their oil was exported today, it would not enough to make the infrastructure in countries equal to that of Europe, so all of these resources would need to be invested. All of the Arab world should benefit from the boom in the Gulf and, as we have seen, investments in the Arab world are the safest.
The imminent economic crisis has been slowly but surely brewing for many years and, according to JPMorgan investment bank, predictions for its arrival appear to be on schedule: in 2020, just in time for the US presidential election. There are a number of reasons cited by experts and strategists as the cause for this imminent crisis. According to one of the most prominent and leading voices in the economic and finance arena, Nouriel Roubini, professor of Economics at the Stern School of Business NYU, the first reason is the timing of the current US fiscal stimulus, which will no longer have any effects come 2020, where growth will decrease to below 2 per cent.
In an article written for The Financial Times, he wrote: “Given that the US fiscal stimulus has been ill-timed, the Federal Reserve will have to continue to hike interest to a level of about 3.5 per cent by early 2020. In addition to the Fed, other central banks will probably start or continue to normalise their policy stances.”
The second reason Roubini cites is what he calls “trade frictions” between China, Europe and NAFTA countries, which he says “will increase if they fall short of a full-scale trade war” and he goes on to add that “these frictions are just symptoms of the much deeper rivalry to determine global leadership on the technologies of the future, but their effects will be to slow growth and increase inflation”.
The third reason, according to Roubini, will be China’s inability to cope with slowing growth. Following years of economic and technological growth in China, a slowdown would come as a shock to the system. European trade tensions and political unrest will be another cause of the imminent crisis.
A fourth reason, according to Roubini, is “frothy asset prices”. He says “investors anticipating a slowdown in 2020 will reprice risky assets by the middle of 2019.”
On the other hand, and while leading American digital firms such as Google, Amazon and eBay have succeeded in expanding their presence internationally (products, services and platforms), they all have failed in China which is the world’s largest digital market.
The failure can be contributed to the following reasons:
Censorship by the Chinese government, cultural differences between China and the West and the very large number of local competitors.
InsideView cites seven other factors: lack of a deep (enough) understanding of the Chinese market, poor management of relations with Chinese regulators and the government, ill-fated attempts to impose global business models unsuited to the Chinese market, failure to cope with the extremely fierce competition in China, failure to manage relations effectively with local business partners, imposing technological platforms developed for the US market on China and overly centralised organisational structure’s leading to slow decision making.
But Western digital businesses have not given up on China.
Some other challenges that may cause more than discomfort and may trigger disastrous actions include sanctions by the US, global unemployment and the so-called “creative chaos” policies.
And finally, Roubini cites President Donald Trump as a major risk factor in the next crisis. He believes that in response to a slowdown in growth to below 1 per cent and high unemployment during an election year, he will deflect attention with a foreign policy crisis rather than tackling the problem. However, Roubini explains that since the US is already in a trade war with China and cannot attack “Nuclear“ North Korea, then “the only feasible target would be to provoke a military confrontation. That would trigger a stagflation geopolitical shock, as was the case in 1973, 1979 and 1990, leading to a spike in oil prices”.
About 10 years ago, the US was using fracking (a common name for getting oil and gas out of the earth by injecting liquid at high pressure into a normal well below the surface). By the year 2017, the process stopped being commonly viable; accordingly, the US became a net oil importer.
With the heating in the economy coupled with the US expected oil shortages in early 2020, the price of oil could shoot up to $150 per barrel.
When civilization collapses, he predicts, the world will go back to barter.
Urges everyone to have a disaster-preparedness kit containing enough food, water and other supplies to last 72 hours. This is sensible advice, and prepares have a point when they mock those who ignore it.
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Carnivore’s Bible (is a wellknown meat processor providing custom meat processing services locally andacross the state of Montana and more. Whether your needs are for domestic meator wild game meat processing)
The Lost Book of Remedies PDF ( contains a series of medicinal andherbal recipes to make home made remedies from medicinal plants and herbs.Chromic diseases and maladies can be overcome by taking the remediesoutlined in this book. The writer claims that his grandfather was taughtherbalism and healing whilst in active service during world war twoand that he has treated many soldiers with his home made cures. )
The Lost Ways (Learn the long forgotten secrets that helped our forefathers survive famines,wars,economic crisis and anything else life threw at them)
LOST WAYS 2 ( Wordof the day: Prepare! And do it the old fashion way, like our fore-fathers did it and succeed longbefore us,because what lies ahead of us will require all the help we can get. Watch this video and learn the 3 skills that ensured our ancestors survival in hard times offamine and war.)
Survival MD (Best Post Collapse First Aid Survival Guide Ever)
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)
Survive Any Crisis (Best 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)