In just six weeks, the entire global economy has completely come apart. All over the world we are seeing numbers fall faster than we ever have before, and the outlook for the rest of the year is exceedingly bleak. Fear of the coronavirus is going to paralyze global trade for the foreseeable future, and the lockdowns in some nations will last for many months to come.
Here in the United States, some states are attempting to make an effort to “reopen”, but in most instances that will involve “multiple stages”. Meanwhile, tens of millions of Americans have already lost their jobs, much of the population has already run through their meager savings, and financial institutions are becoming extremely tight with their money. Even if COVID-19 disappeared tomorrow, our momentum would still take us into an economic depression, but of course this virus isn’t going to disappear any time soon.
After 9/11 our society evolved into an anti-terror state, and COVID-19 is going to permanently alter our society as well. So anyone that was hoping for a quick “return to normal” can forget it, because “normal” is about to be completely redefined.
The Devaluation of the dollar has been happening for the last 70 years or so, especially after 1971. The devaluation of the dollar is a monetary phenomenon and typically driven by lowering interest rates by the federal reserve to increase credit and liquidity. From the moment of the launch of quantitative easing (QE), worried investors have asked, will the U.S. dollar collapse? There are some probable scenarios that might cause a precipitous crisis for the dollar. The most authentic is the dual-threat of high inflation and high debt, a scenario in which increasing consumer prices force the Fed to raise interest rates sharply. Much of the national debt is made up of relatively short-term instruments, so a spike in rates would act like an adjustable-rate mortgage after the teaser period ends. If the U.S. government struggled to afford its interest payments, foreign creditors could dump the dollar and trigger an economic collapse. A reset means the banksters will have to increase the price of the gold.
They own tons of it so that they can cover their derivative positions … The global currency reset is needed to hinder the most significant and fastest increase in global debt in half a century from exploding … But for the average middle-class family or pensioner on Social Security, it will mean “huge inflation”… As the reset will imply “an exponential increase in the quantity of money” by the Fed (meaning high inflation in the prices of everything) … Excluding for maybe “some food items” that are subsidized by the government to impede people “with pensions linked to the chained CPI” from literally starving!!
When you weaponize a reserve currency for personal gain such as what Wall Street and The Fed have done, on behalf of corporate interests that provide little-to-no benefit to even your own population?
Your days are numbered.
The only thing that could ever collapse the dollar would be a sound medium of value – aka GOLD!
Third world garbage countries no doubt dislike being pushed around by the US. They also don’t like the continuous devaluation caused by printed the FAKE money that is the USD.
The only thing more unbearable for the other 140+ odd countries in the world would be to have their own budgets constrained by real money! So maybe the US is an abusive parent. But no country can EVER return to sound money. Not unless they abandon ALL social gibs budgetary black holes. And ask the French how easy that is to do. As Mr. Rickards points out, “Expectations of a Global Currency Reset emanate from the fact that monetary policies across the globe are unstable and unsustainable.” That is an absolute fact, but one has to be impressed with how long the system has lasted so far without collapsing. One of these days, the whole thing will crumble… it literally has to… but the bankers will obviously prolong it for as long as they can because their entire empire depends on it. This is the main point Jim Rickards keeps making, and he’s not wrong. My guess is that the longer they keep suppressing the price of gold and especially silver, the more likely it is that the currency reset will be an absolute mind-blower, a mega-shock probably happening so fast that the majority of people will never get the chance to ‘get back into gold or silver. 99% of people on the planet are going to get broadsided because they’re not even close to being the slightest bit knowledgable about the monetary system.
One day we will wake up and find out that the US dollar will be ‘re-attached’ to gold at the rate of $25,000 to the ounce. Or maybe the US Dollar will take the second seat to SDRs… it won’t really matter. Gold goes from $1200 to $25,000 in an instant and silver to $1,000 per ounce. Once that happens, 99.95% of people on this planet will have missed the boat (at least regarding physical).
Mining companies will be the biggest play of all because they will probably rise in value non-stop for a full decade. If anybody doesn’t understand why JPM has amassed the most massive hoard of pure silver in the entire history of the world, they’re not realizing that JPM is verifying what I just told you. The Fed and their puppets (congress) have refused to allow a full independent audit of all US gold reserves, including leasing and all encumbrances… last legit audit was during the Eisenhower administration. Any of you gold-haters wonder why? HINT: the USA has no gold left, and Munuchin, like all Goldmanites, is a stone LIAR. If/When China and/or Russia introduces a gold-backed currency… the dollar will collapse. So hang on to your dollars, you gold-hating douche-bags… it will be fun to hear your screams when economic collapse will arrive.
Deutsche Bank lost a Record of €5.7 Billion in 2021 alone, As Germany is Collapsing to Recession !
The Bank crash is getting closer. Deutsche Bank is deep in the red.
After decades of money laundering for Russian and American oligarchs, Deutsche Bank knows that their goose is cooked and that they had better start circling the wagons and getting rid of the evidence.
Shares are in freefall. Record losses, more reserves for litigation, austerity measures waiting to be implemented – no wonder Germany’s biggest bank is in crisis.
The negative headlines at Deutsche Bank seem to never stop. After the questionable appointment of Sigmar Gabriel as a member of the Supervisory Board, the figures for 2019 have now reached a new dimension.
Deutsch bank, now in its 150th year, is considered one of the global financial system’s most important banks but has been hit by a string of misconduct scandals.
Deutsche Bank lost 15 billion euros over the past five years, exceeding 9 billion euros in profit earned at the start of the decade.
Deutsche Bank plunged to a bigger than expected loss of 5.7 billion euros ($6.3 billion) last year, This is the fifth year in a row. As the cost of its latest turnaround attempt hit earnings.
The latest attempt, under CEO Christian Sewing, is a 7.4-billion euro drive to cut 18,000 jobs, shrink its investment bank and focus on corporate as well as private banking.
Deutsche Bank also reported a loss of 832 million euros between July and September, after the red of over 3 billion in the second quarter. The restructuring plans are not taking off.
Are you prepared for the imminent economic collapse? We better hope that the U.S. economy holds together in 2021, because if there is any sort of major economic collapse much of the country is going to be broke almost immediately.
Today, close to half of all Americans are living on the edge financially. For many, it is out of necessity, but for others it is a conscious choice. Way too many people out there see no need to build up a substantial financial cushion because they have a tremendous amount of faith in the economic system. They don’t think that things will ever get too bad in this country, and so there is no urgency to put funds away for a rainy day. But even if authorities could somehow prevent an economic collapse from ever happening again, individual emergencies are taking place all around us on a constant basis. Cars break down, people get sick, and accidents happen.
Unfortunately, most Americans are completely unprepared for some sort of an emergency to strike. In fact, a brand new survey has discovered that just 41 percent of Americans could cover a $1,000 emergency expense using their current savings… So where would everyone else get the money for an emergency? Well, most of them would either borrow the money or get it from a relative. And usually an emergency costs a lot more than $1,000.
The bottom line is that most of the country is living paycheck to paycheck, and most Americans are just one small step away from financial collapse. Back in 2008 economic collapse, millions of Americans suddenly lost their jobs, and because so many of them were living on the edge financially a lot of them suddenly couldn’t pay their mortgages. You would think that we would have learned something from that very painful experience, but we didn’t. So we better hope that the U.S. economy remains relatively stable, because a serious downturn would be very ugly. Unfortunately, an increasing number of experts are warning that our luck is about to run out. In fact, the head of the IMF recently warned that we could potentially be facing another economic collapse and “Great Depression” .
That certainly doesn’t sound good at all. Here in the United States, most people have been choosing to ignore all the signs that the economy is starting to collapse. But as stores and businesses continue to close down all over the nation, it is going to become very difficult to ignore all of the empty buildings. For example, Macy’s just announced that they will be closing nearly 30 stores. And one of the most prominent mall retailers in the entire country has just announced that they will be closing 91 stores. Of course I could go on and on all day. Here are just a couple more examples of major retailers that are closing down stores… Bed Bath & Beyond is closing 60 locations, with the list being revealed Tuesday. And Schurman Retail Group plans to close its Papyrus and American Greetings stores, totaling about 254 locations, within the next four to six weeks. But despite all of the evidence to the contrary, the irrational optimists would still have us believe that America has entered a new era of tremendous economic prosperity. I actually wish that was true. Sadly, decades of exceedingly bad decisions are catching up with us in a major way, and instead of changing course we continue to steamroll toward a date with destiny.
Right now I am going to share with you the number one piece of advice that I give to everyone who asks about preparing for the great economic collapse that is ahead. Build up a financial cushion. When things get bad, you are going to need money. I know that sounds exceedingly simple, but obviously most of the country is choosing not to do this. Instead, most of the country is surviving from month to month with barely any money in their bank accounts, and so when economic disaster strikes they are going to be looking for someone else to rescue them. We have had more than a decade since the financial crisis of 2008 to prepare for the next one, but most people are acting as if the next one will never arrive. Unfortunately, the truth is that the next crisiseconomic collapse has already started, and businesses all over the nation are going bankrupt. But most Americans won’t realize what is happening until things really start getting out of hand, and by then it will be far too late to make any sort of preparations.
The Economy would continue to Collapse.
People already spent free money from the government. Nothing to do, but watch your 401K plan go bust. Massive secret police and spy networks. Oligarchs and entrenched politicians running the country and handing power to their children. Wage slaves with no social security, no healthcare, and poor education. Ignorant masses who believe a draft-dodging, stupid, billionaire rapist is their savior. We will soon reach a critical tipping point when the American public realizes that it has been forsaken. This will be a difficult time in America, one where the nation may not survive.
The responsibility of the bankruptcy of the United States lies solely on the hunched and scheming shoulders of the international usurers. Their Federal Reserve System and every other privately-owned central bank in the world run Ponzi debt schemes which, from each one’s inception, were destined to fail. Of course, they end upholding all of the country’s assets when the inevitable default comes.
The premise is that many modern day medicines work on the basis that they treat the symptoms and not the cause, but contained within The Lost Book of Remedies are a number of tinctures and tonics made from plants and leaves that will treat the cause of the illness, thus eradicating the disease altogether.
The book is a direct copy of the little notebook carried around by the author’s grandfather when treating his patients. However, the illustrations of the plants have been updated to photographs so that they are easier for you to identify.
Protect yourself and your family by learning more about Global Health Security
Take a look at this collection The Lost Book Of Remedies, taken word for word out of a circa 1845 manual.
What is The Lost Book of Remedies? The Lost Book of Remedies PDF contains a series of medicinal and herbal recipes to make home made remedies from medicinal plants and herbs. Chromic diseases and maladies can be overcome by taking the remedies outlined in this book. The writer claims that his grandfather was taught herbalism and healing whilst in active service during world war two and that he has treated many soldiers with his home made cures.
The Lost Ways 2 program is to reveal all the ancient techniques and secrets used by our forefathers to deal with harsh conditions such as diseases, wars, drought, and other life-threatening conditions.
In this program the author explains how to grow and store these foods for a long time in pit holes. Other than this, you will find a lot other valuable information explained in this guide on topics such as finances, health, and life crisis among others.
Basically the guide covers majorly on the super nutrient foods that can help you survive during times of food shortages. These foods have a longer lifespan which enabled our ancestors to store them even when they didn’t have access to refrigerators and other related technologies.
Books can be your best pre-collapse investment.