Do you believe that the economic collapse is coming? If so, you certainly have a lot of company. It turns out that more than two-thirds of all U.S. households “are preparing for a possible economic downturn” right now. There is a growing national consensus that that U.S. economy is heading for big trouble, and this is causing a lot of people to cut back on spending. In fact, we just witnessed the first drop in retail sales in seven months. If this slowdown in retail spending extends into the holiday season, that could potentially be absolutely disastrous for the entire retail industry. We are already in the midst of the worst “retail apocalypse” in U.S. history, and we are learning of more store closings with each passing day. But of course it isn’t just the retail industry that is in very serious trouble.
Most of the money in the US is created by banks when they make loans. The only way to get extra money into the economy is to borrow it from banks, leaving us all trapped under a mountain of personal debt and mortgages.
When you take out a loan, new money is created. As people borrow more, more new money comes into the economy. All the extra spending this newly created money funds gives people the impression the economy is doing well, which encourages them to borrow even more. As the debt goes up, so makes the amount of money.
FOR EVERY POUND OF MONEY, THERE’S A POUND OF DEBT.
Because banks create money when people borrow, for every pound of money in the economy, there will be a pound of debt. If there’s $100 in your bank account, someone else must be $100 in debt. Across the whole economy, there will be as much debt as money.
IF WE WANT MORE MONEY IN THE ECONOMY, WE HAVE TO GO FURTHER INTO DEBT.
If we need to get more money into the economy – for example, during a recession – then we have to go further into debt to the banks. This is why the government is desperate to get banks lending again: if banks start lending more, they’ll create more new money in the process, and the people who borrowed will spend this new money. But if the financial crisis was caused by people having too much debt, how can the solution be for people to take on more debt?
IF WE TRY TO PAY OFF DEBT, THEN MONEY DISAPPEARS.
When you pay down your debts, the money that leaves your bank account doesn’t go to anyone else – it just disappears. This is because loan repayments are just the opposite process to money creation: banks create money when they make new loans, and effectively ‘destroy’ money when they repay loans. So when lots of people try to pay down their debts at the same time, money disappears from the economy. As a result of there being less money and less new lending spending slows down. When this happens, it’s like draining the oil from the engine of a car: pretty soon, everything stops working. This means that it’s almost impossible to reduce our debts without causing a recession. And you personally can only pay off your debts using money that was created when someone else went into debt. This creates a debt trap, where, over time, the level of personal debt in the economy has to keep growing. Mountains of money have been and are still being created out of thin air, and a lot more will be created down the road, to a whole lot more. I have a feeling this will eventually generate historically unprecedented inflation, the likes of which will make Zimbabwe and 1923 Germany look like entry-level fiscal insanity.
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.
Job Cuts, Job Cuts Everywhere! Here Are 12 Large Companies That Are Laying Off Thousands Of Workers
The U.S. national debt increased by a staggering $814 billion between Aug. 1 and Oct. 6, according to Treasury Department data. That represents a 4% increase in the debt — in just a little over two months. As of Oct. 7, the national debt stood at $22.84 trillion and climbing. The National Debt Is Now More Than Ten Times Annual Tax Receipts. Welcome to The Atlantis Report.
The Treasury Department is on a borrowing spree making up for a lost time. The national debt pushed through the $22 trillion mark in February but then held relatively steady for several months. This was not the result of sudden government frugality. It was due to Uncle Sam running up against the debt ceiling. That put the temporary nix on borrowing. But the bipartisan budget deal agreed to in July suspended the debt ceiling for two years and allowed the borrowing train to get back on the tracks. The national debt surged $291 billion in just one day (Aug. 2). This was the same deal that will increase discretionary spending from $1.32 trillion in the current fiscal year to $1.37 trillion in fiscal 2020 and then raises it again to $1.375 trillion the year after that.
The deal will allow for an increase in both domestic and military spending. Apparently, the debt crossing the $22 trillion thresholds didn’t set off any warning bells in Washington D.C. because there was virtually no attempt to rein in spending. According to the Congressional Budget Office estimate, the FY2019 budget deficit came in just a hair under $1 trillion at $984 billion. That amounts to 4.7% of GDP, the highest percentage since 2012. It would be the fourth consecutive year in which the deficit increased as a percentage of GDP. The debt-to-GDP ratio is estimated to have increased a hefty 26% over last year.
The Treasury Department will release its official deficit numbers later this month. The deficit equals the amount of money the government spends over the amount it takes in through taxes and other revenue sources. The national debt is the amount of money the federal government has actually borrowed. If you’re wondering how the debt can grow by a larger number than the annual deficit, economist Mark Brandly explains here. A Washington Examiner article on the 2019 deficit put things into perspective. The federal budget deficit is big by historical standards, and federal debt is expected to rise significantly in the years ahead, to the largest size relative to the economy since World War II. Economic growth is also expected to slow slightly in the years ahead. Federal Reserve Chairman Jerome Powell and other mainstream economists have said the government’s fiscal course is not sustainable.”
[Emphasis added] Not sustainable. Last time I checked that means this can’t keep going on and on. And yet Congress and the President just keep plunging forward, kicking the can down the road. There are some economists – i.e., Paul Krugman – who say we don’t really need to worry about the debt because “it’s money we owe ourselves.” The Keynesian posterchild even called for more government spending to boost demand. Even setting aside the fact that the U.S. owes nearly 40% of the debt to foreigners, economist Robert Murphy shows that even if we did owe all of the money “to ourselves,” it’s still a significant problem.
The out of control spending and spiraling deficits are concerning enough on their own terms, but they become absolutely horrifying when you consider that these budget shortfalls are happening during a period of economic expansion. You would normally expect numbers like this during a major recession. But perhaps the most striking aspect of the growing debt is the fact there really is no end in sight, and the U.S. has no chance of ever paying off the debt. The USA is being destroyed from within all in the name of Globalism, which is nothing less than mergers and acquisitions. Destroying the living standards and saturating the nation with foreigners is underway. Given past history, it is clear that at some point, this house of cards must come crashing down. The whole world is in trouble with – for now, and backed by military might – the $ U.S. is simply the least bad of the world’s currencies.
The interest paid on debt is to the bondholders, which includes foreign governments, Social Security, and private investors/institutions. The holdings of the debt change. Under Quantitative Easing, the bonds held by the central banks mean they receive the interest payments.
The French back in the 1960s had such a system where the central bank created the money and lent it to the government. That is a far better system because then the government does not compete with the private sector to borrow money thereby reducing economic growth. U.S. debt CAN be paid off – but only in the case of a hyperinflation. It is easy to pay off trillions in debt when a loaf of bread costs hundreds of millions. Look at the recent history of Zimbabwe. The only problem is that when this occurs, no nation will accept $ U.S. We will be on our own, isolated in the global economy we seek to promote.
Chaos will reign, and millions will starve. Not an attractive scenario. I can’t help but wonder if the world as we know it is due for an apocalyptic disaster – an asteroid strike or such. The Power That Be are aware of this and have taken the trillions of dollars that are unaccounted for to build their underground bunkers, not caring about anything but their own survival. Debt and political corruption are inextricably related. Since no one is expected to pay the tab, corruption is wide open, full speed ahead. Congress will never address spending priorities as dictated by the stark reality of limited economic resources while they still have debt as a source of dollars to spend.
They will keep spending until the Ponzi scheme collapses. Trump has already acquiesced to multiple debt ceiling increases without forcing Congress to live within its means. He could be part of the solution. But so far, he has only contributed to the problem. They shut the banks down and allow you to take out 100 bucks a day, and then they tell you that they are going to cut everyone’s account by 45-60%. They take the money and slowly give back access to what’s left. Taxes on the real property got through the roof, suicide rates skyrocket, old people eat Chinese made cat food, and the rest of us start a “victory” garden, so we have fresh fruits and veggies. And then there is The Ticking Time Bomb in the Debt Markets . I am more and more convinced the Debt Markets are about to blow up. It will start with a small wobble. Perhaps a small hint that anticipated global recession isn’t/won’t be so bad, or further acknowledgement Central Bank experimental monetary policy hasn’t worked and they won’t continue to slash rates and institute QE on every chill economic wind. Or maybe it will start with a trickle of investors looking to sell corporate debt, discovering just how illiquid the market is and panicking, causing a massive avalanche of bond misery.
Considering what I do, it makes perfect sense to me that more than two-thirds of the country would be preparing for the next Great Depression and stock market crash.
In any event, the truth is that 100 percent of Americans should be preparing for the coming economic collapse, because the warning signs are all around us.
– U.S. retail sales fell for the first time in seven months in September, raising fears that a slowdown in the American manufacturing sector could be starting to bleed into the consumer side of the economy. For many other retailers, this holiday season will be a “make or break moment”, and we should probably expect another huge wave of store closing announcements early in 2020.
– And as I noted above, it isn’t just the retail industry that is really struggling. We are already in a “transportation recession”, and we just learned that the Cass Freight Index has now declined for ten months in a row.
– Another sector that is facing very tough times is the auto industry, and according to Reuters over 7 million Americans are seriously delinquent on their auto loans
– Today, the gap between the wealthy and the poor in the United States is larger than ever, and many wealthy Americans don’t have too much sympathy for the struggles that other people are going through. But the truth is that most Americans are currently living paycheck to paycheck.
– Unfortunately, there are millions upon millions of Americans for which hunger is a very real problem. If you had to guess, what would you say if someone asked you how many Americans struggle with food insecurity each year? “roughly 4o million people” struggle with not having enough food to eat.
If that sounds really bad to you, that is because it is really bad. And what we have witnessed so far is just the beginning of a major economic collapse and market crash. This truly is the beginning of the end for the U.S. economy, and most Americans can now see that very tough times are ahead. But what most Americans don’t understand is that what we will be facing won’t be anything like 2008.
Instead, it will be much, much worse.
Inside this document you will discover how the pioneers from the Wild West hunted deer and how they tanned hides without chemicals and without spending a dime. You’ll also find out how to butcher a deer and what parts are best for certain preservation methods.
Lost Way 2 – second edition show you how to use the activated charcoal to build yourself a simple and reliable water filter that can clean 800 gallons of water.
When all the water is contaminated, and all you can find are muddy creeks and pools with diseases running rampant you’ll keep your loved ones drinking crystal-clear healthy water. Activated charcoal pills are very useful in treating acute food and chemical poisoning too.
READING ARTICLES IS NOT ENOUGH. YOU ABSOLUTELY NEED THIS BOOK TO UNDERSTAND WHAT IS HAPPENING IS YOU ARE TO SURVIVE WHAT IS COMING.