The Worst Economic Collapse in our lifetime is coming later this year or next. When things start going really bad, people are going to call and say to Federal Reserve, "You must save me. It’s going to collapse." And the Fed, who is made up of bureaucrats and politicians, will say, "Well, we better do something." And they’ll try, but it won’t work. It’ll cause some rallies, but it won’t work this time and the biggest economic collapse and stock market crash will happen.
“The Federal Reserve’s policies of printing trillions of dollars back in ’08-09 have locked into place a serious economic collapse and stock market crash at some point in our future,” Going so far as to intimate the financial collapse and market crash will occur in the near future, “It’s unavoidable, and even Donald Trump can’t stop it.”
The Economic Collapse is here. The second financial bubble is going to soon burst, and there’s nothing anyone can do about it. The Federal Reserve has set up the American economy for financial collapse for printing trillions of dollars back in 2008 and 2009. The next crash is coming, and the decision by central banks to paper over their economy's troubles with a massive injection of debt likely means that the next economic collapse and stock market crash is already overdue. Top economists predict that within the next 18-24 months, the imminent economic collapse will happen. The Federal Reserve has set up the American economy for financial collapse and market crash for printing trillions of dollars back in 2008 and 2009.
The Federal Reserve’s policies of printing trillions of dollars back in ’08-09 have locked into place a serious financial crisis….
What is a 'Financial Crisis'
A financial crisis is a situation in which the value of financial institutions or assets drops rapidly. A financial crisis is often associated with a panic or a run on the banks, in which investors sell off assets or withdraw money from savings accounts with the expectation that the value of those assets will drop if they remain at a financial institution.
BREAKING DOWN 'Financial Crisis'
A financial crisis can occur as a result of institutions or assets being overvalued, and it can be exacerbated by irrational investor behavior. A rapid string of selloffs can further result in lower asset prices or more savings withdrawals. If left unchecked, the crisis can cause the economy to go into a recession or depression.
How the 2008 Financial Crisis Happened
The 2008 financial crisis was the worst economic disaster since the Great Depression of 1929. The root cause has been traced to no one single event or reason. Rather, it was the result of a sequence of events, each with its own triggering mechanism that led to near collapse of the banking system. It has been argued that the seeds of the crisis were sown as far back as the 1970s with Community Development Act, which forced banks to loosen their credit requirements for lower-income minorities, creating a market for subprime mortgages.
The amount of subprime mortgage debt, which was guaranteed by Freddie Mac and Fannie Mae, continued to expand into the early 2000s, about the time the Federal Reserve Board began to cut interest rates drastically to fend off a recession. The combination of loose credit requirements and cheap money spurred a housing boom, which drove speculation, which in turn drove up housing prices.
In the meantime, the investment banks, looking for easy profits in the wake of the dotcom bust and 2001 recession, created collateralized debt obligations (CDOs) out of mortgages purchased on the secondary market. Because subprime mortgages were bundled with prime mortgages, there was no way for investors to understand the risks associated with the product. Around the time when the market for CDOs was heating up, the housing bubble that had been building up for several years was beginning to burst. As housing prices fell, subprime borrowers began to default on loans that were worth more than their homes, accelerating the decline in prices.
When investors realized the CDOs were becoming worthless due to the toxic debt they represented, they tried to unload them, but there was no market for them. This caused a cascade of subprime lender failures, which created a liquidity contagion that worked its way to the upper tiers of the banking system. Two major investment banks, Lehman Brothers and Bear Stearns, collapsed under the weight of their exposure to the subprime debt, and more than 450 banks failed over the next five years. Several of the major banks were on the brink of failure had it not been for a taxpayer-funded bailout.
This video explains the steps one should take to prepare for an Economic Collapse
EU has decided to put Greece further into debt. It is becoming clear that Greece will never get out of this debt hole. 70% of the people support the BREXIT. Canada's existing home sales has declined rapidly. Bitcoin dropped on worries about cyber attacks and regulations. Nike cutting 1500 people. The US manufacturing industry declines once again. Illinois is worse now than back in the great depression of the 30s. Bloomberg's Mike Cudmore says the Fed has just pushed us into a recession, what he really means a collapse of the economy.Japan has decided that they will look into joining China's belt and road trade system. The Fed is now pushing the collapse is not holding back, most of the people are going to be shocked when this hits.
Gerald Celente Get Prepped for Global Systemic Collapse New 2017
How do you prepare yourself and your family for the prospect of an economic collapse? Here are some recommendations.Stay out of debt — Do everything you can now to get out of debt. If you are carrying debt when entering an economic collapse, you are likely to lose everything – your home, your retirement funds, and a comfortable future.
Build an emergency fund — It is recommended that single people have at least 3 months of cash to pay their bills. Families should have 6 to 12 months of emergency cash. Building up a cash reserve allows your family to have a buffer against illness or job lost. In an economic collapse environment, it is very possible that you will need to move to a different location to take a new job, escape civil disorder, or to live in an area that produces food. An emergency fund will give you the bridge to a new live.
Save a portion of your investable assets in gold and silver coins. 10% of your investable assets in physical gold and silver is a strong hedge against hyperinflation and economic collapse.
Start a part-time home based business, which can be your fallback job during an economic collapse. The home-based business should be some type of service that will be valuable even in a bad economy. Services such as home repairs, gunsmith, plumbing, electrician, HVAC service, auto repairs, medical care, tutoring, accounting, legal advice, and other direct serviceswill be needed even during an economic collapse. Avoid those services which rely on discretionary income, such as travel agent, tour guide, trade in collectibles or art,
Get rid of your toys — And acquire tangible assets. What good is a jet ski, boat, beach house, time share, RV, or other expensive toys, if you have insufficient retirement funds or no stored foods. If you have the opportunity, sell the toys. Buy guns, ammo, gold, silver, and long-term stored food.
Gear up now – Get all your gear now. When an economic collapse occurs, the acquiring phase of your life ends. And the consumption of your stored goods will occur for following 5, 10, or 15 years. Stock up on camping equipment, guns, ammo, garden tools, garden seeds, home repair tools, sewing machine, home canning supplies, home security devices, supplies for your home business, and what ever you might need to enable a home-based business.
Be able to produce food – Have your own garden, if possible. If not possible, at least store a variety of garden seeds. Being able to raise chickens or rabbits for food is a valuable way to provide protein for your family. Connect with local farmers ahead of time to formulate barter deals. If you are an accountant, offer to do the taxes for local farmers in return for food. Or some connected food producers to whatever home-based business you might be able to run. Understand what wild foods are growing near your home. Learning to hunt, trap, or fish near your home as a way to feed your family, when without an income. The benefit that many families had in the 1930?s great depression is people were still connected to the land. Most families in the 1930?s had a garden and did home canning. Gardening and home canning require many seasons of practice before it become sustainable. So start today!
Attend to any outstanding health issues. If you have any pending surgeries or dental care events, get it done as soon as possible. If and when an economic collapse occurs, your access to health care can be severely limited. It is important to have good dental hygiene. Stop smoking and stop use of any tobacco products. Address any addictions to illegal drugs, prescription medicines, and alcohol. Addictions are a path to ruin before or after an economic collapse. Build up of store of medical supplies, over the counter medications. Consider learning about natural remedies that you might grow in your garden.
Build relationships now. Build strong connections to your family, friends, and neighbors. You will need them during an economic collapses. A strong network can help you find a job. Can help you find a missing part for your equipment. Can help find customers for your home-based business. Can be your safety net, if all else fails. Country cousins are especially valuable, since they will likely be able to obtain and grow food, where a city slicker cannot.
Build a food reserve. Having 6 months or more of stored food will provide a buffer against job loss or illness. Start with canned foods until you build up a store of 6 months, and then rotate actively. Then after having 6 months of canned food, then start to acquire long-term store food in the form of dehydrated or freeze-dried food. Bean, rice, and wheat, if properly stored, can last for 10 or more years. The biggest 2 worries during an economic collapse are food and shelter.
Payoff a piece of property. If you are able to pay off the mortgage of your home before an economic collapse, you will be far ahead of everyone else. During an economic collapse, homes are actively foreclosed, families are turned out to the street, and homelessness rises. This was demonstrated in the 2008/2009 panic and recession. In a great depression, unemployment can reach 25% or more. Especially valuable will be farm land, where you can grow and sell food.
When civilization collapses, he predicts, the world will go back to barter. Urges everyone to have a disaster-preparedness kit containing enough food, water and other supplies to last 72 hours. This is sensible advice, and prepares have a point when they mock those who ignore it.
Strategic relocation is the process of finding a safe, defendable home for your family. Whether you’re fleeing economic collapse or natural disaster the location you choose may determine your fate.
In today’s mainstream bookstores, it’s easy to find information about the “best places” to live. Such literature undoubtedly will concentrate on the positive aspects of life, such as numbers and ratings of golf courses, the quality of healthcare, warm sunny climates, availability of cultural activities, status of educational institutions, and the growth potential of the local economy.
But while these highly-rated metropolitan areas may offer ample opportunities to enhance your lifestyle, what happens when a major crisis strikes? What if:
A labor crisis halts the inflow of food and business goods? Will these communities provide the basic necessities of life?
An economic crisis that threatens your pensions, investments and other so-called “guaranteed” income?
Governments will not give you advanced notice of a debt, bank holiday, or other very bad economic news. Governments will kick the can down the road as far as possible. Instead of confronting the problems when small and manageable, they will wait and delay until the problem is beyond anyone’s control. Bank holidays and gold confiscations occurred in the US in the 1930?s. If another great depression occurs in the US, expect that all measure will be taken to fund the government. This includes taking your retirement fund, bank account haircuts, and cuts to social security benefits.
How to Prepare For An Unthinkable Crisis!
There is still time for you to prepare, but you have to start learning how to make your own survival foods as soon as humanly possible. The best way to do it is to get the inside scoop on how to do it right. Fortunately, there is a way to get twenty years worth of The Lost Ways. This new food storage system is called The Lost Ways. You do not need a lot of expensive equipment to store foods for a crisis using the methods taught here. Even better, The Lost Ways pays for itself quickly as you begin to put away garden produce or even meats that you buy on sale. For most folks it's simply the biggest bargain of their lives. You can finally become self-sufficient and any extra money saved in food expense goes right back to your pocket. Frankly, at the end of the day, The Lost Ways actually makes you money! What's more, the videos take you by the hand, step by step, through the entire process of "putting away" almost any food you can think of. It's very much like having a food storage professional right there with you every step of the way.