Despite constant reassurances from federal overseers, Americans are becoming increasingly aware of the economy’s frail nature.
While media pundits and analysts desperately push the failure of central planning and Keynesian economics, these five experts continue to be proven right on the dangers of reckless spending and debt.
Here are five renowned experts who warned of the now-present, slow-motion financial collapse. With currencies being rapidly devalued by their respective governments, the global economy in a slow-down, and tensions over resources heating up around the world, it’s time to start considering the endgame. If we all talk about the end game and a scenario of total collapse, I can see the governments telling everybody that your money is now worthless and the bonds you own are now worthless. You all have to take a haircut. The controlled media tells us that it is a symptom of corporate greed and an accidental occurrence. The truth is that recently released central bank cartel documents show that the entire global financial melt-down in a purposefully engineered consolidation. The following is a transcript of an interview with award-winning investigative journalist Greg Palast in which Palast blows the IMF World Bank program of slavery wide open.
AJ: Burrow into NM Rothschild, you’ll find it all there. Go through these four points. You’ve got the documents. The IMF/World Bank implosion, four points, how they bring down a country and destroy the resources of the people. The US government has run up trillions of dollars in debt, and given the recent debates over the country’s debt ceiling, we can rest assured that neither Congress or the President will act to curtail spending and balance the budget. We will continue adding trillions of dollars to the national debt clock until such time that our creditors no longer lend us money. Lindsey Williams prediction prepper total collapse coast to coast am sheep sheeple ghost town hyperinflationary environment developing major collapses in the bond and stock markets and possible sudden deflation (primarily of assets), followed by dramatic inflation, if not hyperinflation (primarily of commodities), followed by a crash of several major currencies, particularly the euro and the US dollar.
Travel Restrictions. This will begin with restrictions on foreign travel, including suspension/removal of passports Confiscation of wealth. The EU has instituted the confiscation of bank accounts, which can be expected to become an international form of governmental theft. Food Shortages Riots. These will likely happen spontaneously due to the above conditions, but if not, governments will create them to justify their desire for greater control of the masses. Martial Law. The US has already prepared for this, with the passing of the 2012 National Defense Authorization Act (NDAA)
Long-term food supplies, barterable goods, monetary goods, self defense armaments and having a well thought out preparedness plan The United States and Germany are prepared to engineer a coup in Greece to keep the country operating as a strategic asset on NATO’s vulnerable southeast European flank. Greek Military is an Operation Gladio Asset The wild breakout in German yields is rocking global debt markets, and giving investors an early glimpse of the uneasy future for bonds in a world of higher interest rates.
Economic analyst GERALD CELENTE about the recent bank run in China on P2P lenders as countless people hit the streets. Chinese household debt has climbed 40% in the past year alone. To top off that problem, one of the most at risk financial sectors has reached its inevitable end.
Gerald Celente – Systems & Societal Breakdown on Every Level – Great Reset
These loans are usually done without collateral, putting the loans at risk of default with no recovery whatsoever. China’s peer to peer industry is far bigger than the rest of the world’s combined. It had risen 50% just last year alone, totally $215 billion! Interest rates are often as high as 37%. Investors have been pulling their funds from these P2P lenders for some time, but in recent weeks the volatility got far worse. Countless P2P lenders have closed their doors in the last few weeks. Over 200 since June. Investors have been pulling funds in massive numbers causing a bank run! 243 online lending platforms have recently gone bust! This piles on top of the growing centralization in China as debt weighs down on people’s shoulders.
The Chinese government has been encouraging people to buy food and gold so to stand as one of the most powerful dominoes to fall. China is going cashless, fast. The IMF has spoken about putting their headquarters in Beijing. China clearly wants to be the next world reserve currency as the US dollar inevitably falls alongside all other current fiat empires.
The Bank For International Settlements recent named China, Hong Kong and Canada as the economies most at risk of a banking crisis. The bubble worsens and the centralization applied to fix the problems of centralization will simply get to heavy to sustain. All fiat currencies have eventually reverted to their true value of zero. They always have, they always will, going back to 1024 AD in China interestingly enough. So as we see the markets and the economy inevitably crash, the only thing one can do is decentralized, protect their purchasing power and learn to be far more independent.
Financial education and responsibility are key. Individual responsibility is the hallmark of freedom itself after all. We hope individuals prepare themselves. It’s better to over prepare than under prepare.
China and Japan are the biggest owners of the U.S. debt. But they have no incentive to create a collapse. The United States is their largest market. If it fails, so do their economies. Furthermore, China is not selling all of its dollar holdings. It has remained above $1 trillion since 2013. For more, see U.S. Debt to China.
The probability of China cutting its trade surplus with the US responding to tariff threats proposed by President Donald Trump is absolutely nil. Beijing cannot respond to any direct demand put across by Washington. Nevertheless, there is a looming debt in crisis in China attributed to the efforts made by Washington in imposing a 25% increase in trade tariffs.
At first, the 25% increase in tariffs on machinery and electronics export appeared like a furtiveness tax on offshoring. In line with Trump’s 2016 tax promise “any business that leaves our country”, the tax increase centers goods categories such as nuclear components and semiconductors, in which U.S. manufacturers based in Chine are performing well economically.
A closer look at the imposition of new tariffs on low-value exports involving Asian value chains, it appears that the new tariffs aim at possibly reducing the trade of cheap products bought by the U.S rather than targeting offshoring.
Nevertheless, the U.S administration seems set on reducing its present account deficit which is much lower than the 6 percent reached in the 2006-2007 financial year. This comes just as the interest rates are rising thanks to the U.S Federal Reserve legislation. Already, the 25 percent trade tariff increase has caused an economic crisis in China with the currency(yuan) exchanging at 6.725 to the U.S dollar, the lowest rate in a year and 5 percent less than the exchange rate at the end of May 2018.
With China’s stable and centrally controlled currency, such an increase on trade tariffs is not easily felt. However, a stable currency is the government’s promise to its citizens and can only be achieved by the central bank firmly managing the exchange rate to prevent an unusual increase.
Investors in China have started exporting money as seen in May 2018 where there was a decline in the foreign-exchange reserves due to the uncertainty of the yuan stability despite buying official assurances guaranteeing the stability of yuan for almost a year. One sign of an impending economic collapse in China is the currency in which as much as China tries to display a well-performing economy courtesy of an increase in GDP; the crisis is evident with passing clouds on trade, employment rates, and products consumption.
The other evident economic collapse sign is the decline in The Shanghai Composite Index of stocks by 7 percent in a month, plummeting for the first time since September 2016 below the set redline of 3,000 shares. Additionally, corporate bonds are being largely defaulted in addition to junk bond yields confounding. The economic crisis has even been made public with the media reporting on the failure of the government to pay its employees or even meet pension responsibilities further increasing the anxiety surrounding the declining economic situation. Property prices have not been spared either as they are mainly dipping in major cities and frozen in others as the government attempts to resolve the economic crisis by stopping property transactions….
If anything, the dollar would slowly decline instead of collapse. It fell 40 percent between 2002 and 2008. It has gotten stronger since then because of the financial crisis. Investors flock to ultra-safe U.S. Treasurys and the U.S. dollar as a safe haven.
The dollar won’t be replaced as the world’s global currency. The doomsayers point to gold, the euro, or Bitcoin as a replacement for the dollar. China has said it would like the yuan to replace the dollar. It’s true that the dollar’s value is supported by its role. But none of these other alternatives have enough circulation to replace the dollar.
The Fed’s quantitative easing program and low fed funds rate won’t cause hyperinflation. If anything, these programs have created a liquidity trap. That’s when people, businesses, and banks hoard the extra cash instead of spending or lending it. The real cause of hyperinflation has been debt repayments to fund wars.
The stock market hit new highs in 2016 and 2019. Stock prices are based on corporate earnings, so that’s a sign of business prosperity.
Consumer confidence hit a eleven years high in 2019. Consumer spending drives almost 70 percent of the economy.
Economic growth is slow but stable. Since the Great Recession, the economy has grown between 1.5 – 2.7 percent per year. According to business cycle theory, a bust only occurs after a boom. That’s when GDP is more than 3 percent. It hasn’t been that high since 2005 according to a review of GDP by year.
What It Means to You
Before you run out to buy gold or stock up on canned goods, do two things. First, read the articles linked in the 10 points above. They will give you the facts the naysayers ignore. Or read “How the U.S. Economy Works.”
Second, understand what a real economic collapse looks like. On September 17, 2008, the U.S. economy almost collapsed. That’s when companies pulled out trillions of dollars from money market accounts. It would have created a severe cash crunch had it continued. The nation’s trucking industry would have ground to a halt. Gas stations would have gone dry. Grocery stores shelves would have gone empty. But those things didn’t happen because the Federal Reserve prevented the collapse. It guaranteed money market accounts and restored confidence.
A grand encyclopedia of country Carnivore’s Bible , weather wisdom, country remedies and herbal cures, cleaning solutions, pest purges, firewood essentials, adobe making and bricklaying, leather working, plant dyes, farm foods, natural teas and tonics, granola, bread making, beer brewing and winemaking, jams and jellies, canning and preserving, sausage making and meat smoking, drying foods, down-home toys, papermaking, candle crafting, homemade soaps and shampoos, butter and cheese making, fishing and hunting secrets, and much more. Carnivore’s Bible : Traditional Skills for Simple Living
Iceland’s economy collapsed in 2008. Its banks had defaulted on $62 billion of foreign debt. They had used the debt to finance foreign acquisitions. But Iceland’s entire gross domestic product was only $14 billion. When the banks defaulted, foreign investors fled. Within a week, the krona lost half its value. The stock market dropped 95 percent. That’s when almost every business in Iceland went bankrupt.
Although the Great Depression wasn’t a collapse, it was close. GDP fell by half. Global trade dropped almost two-thirds. Unemployment was 25 percent. What caused it? Government actions turned a recession into a depression. First, the Fed used contractionary monetary policy like raising the fed funds rate to protect the gold standard. Congress cut back on spending as soon as the New Deal got the economy back on its feet. That contractionary fiscal policy brought back the depression in 1937. It didn’t end until the military build-up to World War II.
Info about building and managing your root cellar, plus printable plans. The book on building and using root cellars – The Complete Root Cellar Book.
This book takes a fresh look at the art, science and romance of building and stocking a root cellar. There are detailed, illustrated construction guides for making four different kinds of root cellars that are functional and attractive. These include never-before-seen models for apartment and condo dwellers and home owners without a basement.
The Complete Root Cellar Book provides technical information on using photovoltaics (solar cells) and other energy technologies to enhance a root cellar’s performance and ecological sustainability. It also includes must-know information on how to choose, store and manage a supply of fruits, vegetables, nuts and preserves.
Books can be your best pre-collapse investment.
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. )
Easy Cellar(Info about building and managing your root cellar, plus printable plans. The book on building and using root cellars – The Complete Root Cellar Book.)
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)