Apocalypse Now: Has the Next Giant Financial Crash Already Begun? — This is The Greatest Depression Ever

> DIY > DIY Soaps > Apocalypse Now: Has the Next Giant Financial Crash Already Begun? — This is The Greatest Depression Ever — What Would Happen?

This system is collapsing around us. There is no fixing it. No chance this could be fixed. It’ll fall to the point of total officials desperation. The bottom is when they admit they’ve lost and have nothing to do. The last time around, the banksters and other CEOs were in trouble because they were gambling with other people’s money on Wall Street. They were losing very badly. The U.S. Government bailed most of them out, but they didn’t learn a damn thing, and spent the bailout funds on bonuses for themselves and kept on gambling. That is partly why we are now headed for the Greatest Depression Ever!

America is also in debt up to its eyebrows, which certainly doesn’t help. The end result is central bankers created the BIGGEST, most egregious bubble in financial history. A $250 TRILLION debt bomb… with another $500+ trillion in derivatives trading based on its yields. To put this into perspective, the Tech Bubble was about $15 trillion in size. The Housing Bubble, which triggered the 2008 Crisis, was about $30 trillion in size. The bond bubble is over $250 TRILLION in size. Some $50 trillion of this is in sovereign debt, with the rest coming from corporate debt, mortgages, auto loans, credit cards, and the like. The $2.5 trillion stimulus money is only going to go to the Gangsters , The Bankers, Just like last time .

The Bankers are laughing because they already stole tens of trillions post 2008 with all the politicians on top of the trillions they stole pre 2008. Tens of trillions hidden in offshore Cayman accounts. The money spent on keeping this propped (while trillions are funneled to insiders so they can buy assets for pennies on the dollar) dwarfs what you will see in any stimulus. Interestingly, NO politicians are objecting to the wall street ten trillion dollar bailout,but stamping their feet over every other element. And as we continue to shovel trillions at this turgid mass of puss-filled fraud, we are at once tossing away our chance at vitality on the way back up if there’s going to be a way back up at all.

If the U.S. economy were to collapse, it would happen quickly. No one would predict it. The surprise factor is, itself, one of the causes of a collapse. The signs of imminent failure are difficult for most people to see.

Most recently, the U.S. economy almost collapsed on September 16, 2008. That’s the day the Reserve Primary Fund “broke the buck”—the value of the fund’s holdings dropped below $1 per share.
1 Panicked investors withdrew billions from money market accounts where businesses keep cash to fund day-to-day operations.
2 If withdrawals had gone on for even a week, and if the Fed and the U.S. government had not stepped in to shore up the financial sector, the entire economy would likely have ground to a halt.

Trucks would have stopped rolling, grocery stores would have run out of food, and businesses would have been forced to shut down. That’s how close the U.S. economy came to a real collapse—and how vulnerable it is to another one.

As the government rush to create financial panic with the virus catalyst , it will cause numerous unintended consequences, which will feed more fuel to the fire. As the FED falters in its attempt to save the economy, it will be swallowed by the treasury and become history while a new monetary system is born. The virus will then have accomplished one of its intended purposes. This is called operation control.

They want to see how much of the population cowers in fear and believes the government. Meanwhile, the Americans are told to shut upset at home, quit your job, and close down all the gun doors while they are letting all the prisoners out. Who’s most likely to get sick and die. The people outside in the fresh air and sunlight getting exercise or the people cooped up at home breathing recycled air and sitting on the couch watching endless mind-bending tv? This thing is here to stay. No two-week sporadic quarantines are going to stop it. Plus, the slower it spreads, the more it mutates before eventually infecting you with an even stronger version of itself. By that time, you’ll be so out of shape from not going outside ,a cold would probably kill you. Get healthy people. It’s a war for the bankster world order, and they are using citizens as hostages with house imprisonment under false pretenses.

Cov-19 is the man-made designer Plannedemic which will usher in the Brave New World. It is the dark vessel that has already transferred trillions of dollars from the people to the corrupt banks and corporations. I don’t buy the narrative that this is all about fighting a virus, and therefore we need to give up our freedoms of movement and assembly. Yes, there are some legitimate concerns( mostly exaggerated) prompting draconian measures. I also believe the threat of the virus is being used as a power grab.

A PERMANENT EVER EXPANDING POWER GRAB OVER THE AMERICAN PEOPLE.

Just as the fear of ” climate change ” was/ is an excuse by elites in and out of government to try and control us. The people behind this virus threat aren’t going to willingly give you your freedoms back. The Fed to start buying stocks through ETF’s. The capitalism has been dead for a while, but the FED is now going to make sure it is dead by pumping lead into a corpse. Former Fed slackers Yellen and Bernanke are calling for the Fed to buy Stocks and Bonds, which is illegal. The Fed is monetizing everything else, including Corporate Junk bonds. The Fed has no more bullets, but hey, we knew that as the Government has been buying up all the ammo.

The US Sociopaths In Charge are using one credit card to pay down another, with all the progeny of their tax slaves holding the liability. The national debt clock shows tax revenues retreating across all levels. Government With 1/3 of the population now in financial survival mode, this will accelerate the longer at home quarantining continues. The only thing keeping the Ponzi alive at this point is more Ponzi. Good luck, peeps. Time to end the fed and seize their assets and gold and let them keep the debt. Start exchanging US treasury notes for the Federal Reserve Notes. This crash was coming no matter what. The stock market was ridiculously overvalued. By definition, debt is unserviceable.

Will the U.S Economy Collapse?
The U.S. economy’s size makes it resilient. It is highly unlikely that even the most dire events would lead to a collapse. When necessary, the government can act quickly to avoid a total collapse.

For example, the Federal Reserve can use its contractionary monetary tools to tame hyperinflation, or it can work with the Treasury to provide liquidity, as during the 2008 financial crisis. The Federal Deposit Insurance Corporation insures banks, so there is little chance of a banking collapse similar to that in the 1930s.The president can release Strategic Oil Reserves to offset an oil embargo. Homeland Security can address a cyber threat. The U.S. military can respond to a terrorist attack, transportation stoppage, or rioting and civic unrest. In other words, the federal government has many tools and resources to prevent an economic collapse.

The money you need to cover the interests needs to be taken from the other loan. There is a solution here, and it involves people in the streets revolting at the notion of the Fed inflating its balance sheet to buy stocks. Short of that, nothing will change, and the party will go on. It is up to the people to end this supercycle of debt. The majority of government budgets come from taxing businesses. Businesses that are currently shut down. It is kind of hard to tax sales when there are no sales.

The absolute decimation of business because of being locked down is far worse than losing two employees to cold for two weeks. Not only will the virus be good for taking away more of our civil liberties, but it’s also a great excuse for austerity measures. Everyone will be bailed out with printed currency. Everyone will be paid. The problem, your check will buy a bag of peanuts. The only reason why the dollar doesn’t become like the currency in Zimbabwe is that the U.S. has the world staring down the barrel of its gun – without that fiat threat, there are probably as many grains of sand in the ocean as there are dollar bills in circulation. The least bad option is debt repudiation and a deflationary depression.

What Would Happen If the U.S. Economy Collapses?
If the U.S. economy collapses, you would likely lose access to credit. Banks would close. Demand would outstrip supply of food, gas, and other necessities. If the collapse affected local governments and utilities, then water and electricity might no longer be available.

A U.S. economic collapse would create global panic. Demand for the dollar and U.S. Treasurys would plummet. Interest rates would skyrocket. Investors would rush to other currencies, such as the yuan, euro, or even gold. It would create not just inflation, but hyperinflation, as the dollar lost value to other currencies.

If you want to understand what life is like during a collapse, think back to the Great Depression. The stock market crashed on Black Thursday. By the following Tuesday, it was down 25%. Many investors lost their life savings that weekend.

By 1932, one out of four people was unemployed.

Wages for those who still had jobs fell precipitously—manufacturing wages dropped 32% from 1929 to 1932.5 U.S. gross domestic product was cut nearly in half. Thousands of farmers and other unemployed workers moved to California and elsewhere in search of work. Two-and-a-half million people left the Midwestern Dust Bowl states. The Dow Jones Industrial Average didn’t rebound to its pre-Crash level until 1954.

How a Depression Compares to Past Recessions
What differentiates a recession from a depression? A depression is longer and it more severe. In a recession, the economy contracts for two or more quarters. In a depression, it contracts severely for two or more years. Here are some comparisons of the Great Depression with past recessions.

During the 2008 recession, the economy contracted 0.1% in 2008. and 2.5% in 2009.
The 2001 recession had some bad quarters but no years that were negative.
The 1980 to 1982 recession had two negative years. 1980 was down 0.3% and 1982 was down 1.8%.
During the 1973 to 1975 recession, the economy contracted 0.5% in 1974 and 0.2% in 1975.

The closest the country came to a second depression was right after World War II. It was a combination of two recessions. Only one year, 1946, was as bad as a contraction as occurred in the Great Depression. Economic engines struggled to readjust to peacetime production. The economy contracted the following four years out of five:

1945: -1.0%
1946: -11.6%
1947: -1.1%
1948: +4.1%
1949: -0.6%
Causes
An economic depression is so cataclysmic that it takes a perfect storm of negative events to create one. Many experts say that contractionary monetary policy aggravated the Depression.

The Federal Reserve rightly sought to slow down the stock market bubble in the late 1920s. But once the stock market crashed, the Fed kept wrongly raising interest rates to defend the gold standard. Instead of pumping money into the economy and increasing the money supply, the Fed allowed the money supply to fall 33%.8

The Fed’s actions created massive deflation, where prices dropped 10% each year. As people expected lower prices, they delayed purchases. Real estate prices fell by a third.9 People lost their homes. The Great Depression began in August 1929 and didn’t end until June 1938.

The 1933 “New Deal” created many government programs that briefly ended the Depression. But in 1936, Congress decided it was more important to balance the budget, and began raising taxes. The Depression returned in 1937, sending unemployment into the double digits until 1941. The U.S. entry into World War II created defense-related jobs. Since production capacity had declined during the Depression decade, new capacity had to be built.

Preventing Another Depression
Many people worry that the world could experience another economic depression. That’s especially since the start of the COVID-19 coronavirus pandemic. In March 2020, panicked investors sent the stock market crashing. It ended the 11-year bull market begun on March 5, 2009. In the week ending April 2, 2020, a record 6.6 million people filed unemployment claims. The Federal Reserve estimated that the second-quarter U.S. unemployment rate could be 32.1%. That rate is higher than the worst of the Great Depression.

These signs signal a recession on the scale of a depression, but it’s unlikely that it will last 10 years.

First, a depression on the scale of 1929 could not happen exactly the way it did before. Many laws and government agencies were put in place because of the Great Depression. Their express purpose was to prevent any more of that type of cataclysmic economic pain.

Second, central banks around the world, including the Federal Reserve, are so much more aware of the importance of stimulating the economy with expansive monetary policy. Central banks did act in a coordinated fashion to prevent a depression in October 2008 by bailing out banks. They lowered interest rates, pumping credit into the global financial system. It also restored confidence among panicked bankers, who were unwilling to lend to each other for fear of taking on each other’s subprime mortgages as collateral.

Third, the Fed adopted a policy of inflation rate targeting to prevent the deflation associated with a global depression. As a result, the Fed will continue expansive monetary policy ward off deflation.

There is only so much that monetary policy can do without fiscal policy. In March 2020, Congress passed the $2 trillion Coronavirus Aid, Relief, and Economic Security Act. In 2009, the economic stimulus bill helped prevent a depression by stimulating the economy.14 Working together, monetary and fiscal policy can prevent another global depression. It is highly unlikely that the Great Depression could happen again.

Collapse Versus Crisis
An economic crisis is not the same as an economic collapse. As painful as it was, the 2008 financial crisis was not a collapse. Millions of people lost jobs and homes, but basic services were still provided.

Other past financial crises seemed like a collapse at the time, but are barely remembered now.

1970s Stagflation
The OPEC oil embargo and President Richard Nixon’s abolishment of the gold standard triggered double-digit inflation. The government responded to this economic downturn by freezing wages and labor rates to curb inflation. The result was a high unemployment rate. Businesses, hampered by low prices, could not afford to keep workers at unprofitable wage rates.

1981 Recession
The Fed raised interest rates in a bid to end double-digit inflation.That created the worst recession since the Great Depression. President Ronald Reagan cut taxes and increased government spending to end it.

1989 Savings and Loan Crisis
One thousand banks closed after improper real estate investments turned sour. Charles Keating and other Savings & Loan bankers had mis-used bank depositor’s funds. The consequent recession triggered an unemployment rate as high as 7.5%. The government was forced to bail out some banks to the tune of $124 billion.

Post-9/11 Recession
The terrorist attacks on September 11, 2001 sowed nationwide apprehension and prolonged the 2001 recession—and unemployment of greater than 10%—through 2003. The United States’ response, the War on Terror, has cost the nation $6.4 trillion, and counting.

2008 Financial Crisis

The early warning signs of the 2008 Financial Crisis were rapidly falling housing prices and increasing mortgage defaults in 2006. Left untended, the resulting subprime mortgage crisis, which panicked investors and led to massive bank withdrawals, spread like wildfire across the financial community. The U.S. government had no choice but to bail out “too big to fail” banks and insurance companies, like Bear Stearns and AIG, or face both national and global financial catastrophes.

2020 Coronavirus Crisis
It is too soon to tally up the total costs of the 2020 Coronavirus pandemic—the crisis is still ongoing. Already we have seen worldwide supply-chain interruptions, heightened volatility and steep losses in financial markets, and sharp slowdowns in the travel and hospitality industries.

Given the pandemic’s rapid spread and persistence, we should expect more disruption, and more economic cost. How much? According to the United Nations’ Conference on Trade and Development, the global economic hit could reduce global growth rates to 0.5% and cost the global economy as much as $2 trillion for 2020.

That would be the honorable approach. Since our leaders do not have any honor, they’ll go with the total destruction of the currency and a hyper-inflationary depression. Either way, a lot of people are going to see their standard of living destroyed. Now perhaps you people who were gullible enough to invest in a paper stock market with no tangible backing will understand the risks you take. Besides the stock market was really living in a different world from the rest of the economy.

The economy never really recovered since 2008, and it been sluggish at best, with 93,000 businesses shutting down in 2019 alone. There were signs, all along, the economy was in the tank, and it took the virus to expose just how fragile it really was. Communist Chinese told us time and time again, they had a 100-year plan and were going to knock our block off. Yet even now, with everything basically shut down, the economy outside of food and medical grinding to a halt.

There was no welfare cushion to be exploited in 1929 by the freebies army who makes up over 40% of the population today in the US. Crash the welfare system and just see what happens. This is where the 2nd Amendment becomes very important. In 1929, a lot of people still had skills and knew how to be thrifty. Today, that’s not the case. And supply chains are crazy long in comparison. We are the polar opposite of virtually every point listed above, and more … this is just a quick list that came to mind. With that being said, how do you think society will hold up when things really get out of control?

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