USA Economic Collapse – Dollar Crash Coming – Global meltdown! Fall of America- Global Meltdown Coming 2015 Prepare!
This depression was not only an economic catastrophe, it was social and political catastrophes as well. Its origins then were a mystery and even now among the general public are not clear.Terrible conditions which occurred in the United States and the rest of the world in the 1930’s are known as the Great Depression.
The lessons we never learned from the Great Depression of the 1930s…
How to prosper in hard times
How to prepare for the coming depression…
What would it mean?
The collapse of the US dollar could mean the plunging of the world into a repeat of the 1930s
Great Depression. Nations will not be able to trade sufficiently causing them difficulty in
servicing their debts and hence forcing them into bankruptcy. Countries whose entire economies
depend on the dollar like Australia, New Zealand and Canada will also be forced to collapse.
Asian economies that have, for years depended on the US dollar in trade will be severely
affected although they will be able to bounce back after a while, but not before suffering great
The health sector will suffer an immense blow as people will not be able to afford proper health
services in addition to the countries’ inability to provide them’. The number of people living in
poverty will increase worldwide, most especially in the US, which goes without saying. This
would then result in an increase in crime rates as people struggle to survive in the ensuing
economic crisis. The US will be knocked way down to a third world country and lose its status as
Global currency reserves will then be entirely converted to an alternative, more stable currency
like the Euro, which comprises less than 30% of the reserves.
CIA Advisor: 25-Year Depression is About to Strike America
The Crisis Is Imminent: “When The Real Crash Comes It Will Be Worse Than the Great Depression”
“The United States is like the Titanic, and I’m here with the lifeboat trying to get people to leave the ship… I see a real financial crisis coming for the United States.”
Peter Schiff August 2006
In 2006, when he faced off with many well known Titans of investing and warned of an impending financial disaster and economic collapse, Peter Schiff was laughed at by his colleagues. He urged Americans to exit financial markets and take steps to protect themselves before the wealth held in their savings accounts, retirement investments and real estate was wiped out.
We know what happened next.
Now, those same financial experts who publicly vilified Schiff for his predictions six years ago are at it again. Many, including our politicians, central bankers and leading economists, have unequivocally stated that the worst is behind us, and that a global recovery is on the horizon.
Once again, Peter Schiff disagrees:
“I think we are heading for a worse economic crisis than we had in 2007,” Schiff said. “You’re going to have a collapse in the dollar…a huge spike in interest rates… and our whole economy, which is built on the foundation of cheap money, is going to topple when you pull the rug out from under it.”
Schiff says that, despite “phony” signs of an economic recovery, the cancer destroying America stems from a lethal concoction of our $16 trillion federal debt and the Fed’s never ending money printing.
According to Schiff, these numbers are unsustainable. And the Fed has no credible “exit strategy.”
Eventually interest rates will rise… and when they do, Schiff says, stocks will tank and bonds dip to nothing. Massive new tax hikes will be imposed and programs and entitlements will be cut to the bone.
“The crisis is imminent,” Schiff said. ”I don’t think Obama is going to finish his second term without the bottom dropping out. And stock market investors are oblivious to the problems.”
“We’re broke, Schiff added. ”We owe trillions. Look at our budget deficit; look at the debt to GDP ratio, the unfunded liabilities. If we were in the Eurozone, they would kick us out.”
“The Fed knows that the U.S. economy is not recovering,” he noted. “It simply is being kept from collapse by artificially low interest rates and quantitative easing. As that support goes, the economy will implode.”
A noted economist, Schiff has been a fierce critic of the Fed and its policies for years. And his warnings have proven to be prophetic.
His recent warnings, however, have been even more alarming. Will they also prove to be true?
In his most recent book, “The Real Crash” How to Save Yourself and Your Country“, Schiff writes that when the “real crash” comes,” it will be worse than the Great Depression.
Unemployment will skyrocket, credit will dry up, and worse, the dollar will collapse completely, “wiping out all savings and sending consumer prices into the stratosphere.”
“All we can do now is prepare for the crash,” Schiff said. “If we brace ourselves properly and control the impact, we will survive it.”(source)
USA Economic Collapse Dollar Crash Coming Global meltdown!
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.
Your own personal plan is ONLY what best fits what you are going to do during and after a
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