With his first year in office drawing to a close, the US president has been talking up his economic record in typical Trump style. But one man who does not share Trump’s optimism is former congressman Ron Paul. He told RT the growth is not even for all people.
The next great economic crisis is rapidly approaching, and most people are going to be totally blindsided by it. Even though the warning signs are glaringly obvious, most Americans continue to believe that our “leaders” know what they are doing and that everything will be just fine. But what will happen when the next great financial crash happens and trillions of dollars of “paper wealth” disappear into thin air? What will happen when the coming credit crunch causes economic activity to dramatically slow down and millions upon millions of people lose their jobs? This shouldn’t sound far-fetched to you. Remember, this is exactly the kind of thing that we saw back in 2008, and the next great financial crisis is likely going to be significantly worse. Our economy is in far worse shape than it was back in 2008, and government dependence is now at an all-time high even though most Americans are still enjoying debt-fueled false prosperity. We are living in the largest debt bubble in the history of the planet, and when it bursts we are going to experience a crippling “adjustment” to our standard of loving. Some people understand this and are busy preparing for what is ahead. Unfortunately, most Americans are not preparing for the coming economic depression and they are going to bitterly regret it.
Today, millions of Americans say that they believe that the United States is on the verge of a major economic collapse and will soon be entering another big stock market crash and Great Depression. But only a small percentage of those same people are prepared for that to happen. The sad truth is that the vast majority of Americans would last little more than a month on what they have stored up in their homes. Most of us are so used to running out to the supermarket or to Wall-Mart for whatever we need that we never even stop to consider what would happen if suddenly we were not able to do that when the economic collapse happen.
Experts predict that the stock market crash will happen in this year and the economic collapse 2019 is inevitable. When the economic collapse and stock market crash occurs, it will happen quickly. No one will predict it. That’s because the signs of the economic collapse are difficult to see.
For example, the U.S. economic collapse and stock market crash happened on September 17, 2008. That’s the day panicked investors withdrew a record $140 billion from money market accounts. That’s where businesses keep the cash to fund day-to-day operations. If withdrawals had gone on for even a week, the entire economy would have halted. If the economy collapses, you will not have access to credit. Banks will close. That means high demand, and low supply, of food, gas and other necessities. If the economic collapse affects local governments and utilities, then water and electricity will no longer be available… The Economic Doomsday 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 Federal Reserve’s policies of printing trillions of dollars back in ’08-09 have locked into place a serious financial crisis at some point in our future. Going so far as to intimate the financial collapse and market crash will occur at least some time in the next two years, “It’s unavoidable, and even Donald Trump can’t stop it. 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….
Things That Will Happen After The Imminent Economic Collapse & Stock Market CRASH!
What will happen after the Economic Collapse? Looking back at what happened during or our own Great Depression, I have come to realize that an economic collapse and stock market crash, if it were to happen, would have the compound effect of combining all woes we so diligently prepare for into one huge mess – a mess that may take decades to resolve.
I worry about this, because, as prepared as I may be, I find it difficult to wrap my head around a mega economic collapse that will result in food and water shortages, power outages, civil disobedience, medical crisis, and worse. A global economic collapse, which, as tragic as it may be, is a short term event, will change our lives forever… Today, millions of Americans say that they believe that the United States is on the verge of a major economic collapse and will soon be entering another big stock market crash and Great Depression.
Josh Sigurdson talks with Dr. Ron Paul, former congressman, presidential candidate, author and host of The Liberty Report. Dr. Paul talks about the coming dollar crash and how it will happen. There is no escaping the fact that all fiat currencies throughout history have reverted to zero eventually. While the fundamentals are off the table due to the level of manipulation in the monetary system as well as in the markets and one cannot put a date on the coming crash, we know it has to happen. It’s inevitable. As we reach a potential yield curve inversion, this will not end well. Will we see a global centrally planned cashless society?
Dr. Paul says it’s a desperation move to attempt to implement such an agenda, but that it’s not likely to actually succeed. All the same the potential is a major problem and something individuals must understand. From that, Dr. Paul talks about the insolvent banking system and how the cash to deposit ratio among the banks show that the banks must fail. Many of the major banks have a ratio of less than 1% of deposits covered in cash. They never recovered following 2008 and have been essentially propped up, only getting worse as they’re further centralized into temporary prosperity. The everything bubble is also a major issue on the coming timeline. We have a pension bubble that could see a 400 trillion dollar shortfall globally by the year 2050.
That’s more than 4 times the global yearly GDP. Can it sustain itself? Certainly not. Dr. Paul talks about the countless problems with the pension system and with that the utter dependency so much of the populace has on government. Is there a concerted effort to push the populace into complete dependency to the state and banking system? Absolutely says Dr. Paul. That’s the point!
200% Proof They Will Start WW3 Dollar Collapse & Martial Law
What is martial law?If you’re looking for a definition, then Martial Law basically means using state or national force to enforce the will of the government on the people. It basically allows the government, or a tyrannical politician, to shred the and impose its will through force.
History of of America“Those that fail to learn from history, are doomed to repeat it.”
The U.S. dollar replaced the British Pound Sterling as the world’s reserve currency around 1945. It occurred for a number of reasons. The U.S. economy was the global leader in manufacturing and held the majority of the world’s gold. According to sources I’ve read, the dollar was the only currency still backed by gold (there was a downside to this). Of course they would love to explain that these specialist’s expertise would be used in other regions of the planet, and as you all know, the isn’t allowed to operate in the United States. If this is the case, then why the sudden need to recruit so many more?
As you’ll soon see, just about anything could lead to a state of Martial Law. In today’s environment, it won’t take much. In a previous post titled, Obama Warns: Be Ready For EMP Attacks, martial law dollar update,Engineered Pandemics, Massive.
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Obama took time out of his extremely busy schedule to deliver an address at the FEMA where he made a point to stress that Americans who are not preparing for, or who do not have plans for any given scenario, could find themselves in big trouble in the near future. The following excerpt from Obama’s speech comes directly from the official White House website…”One of the things that we have learned over the course of the last seven and a half years is that government plays a vital role, but it is every citizen’s responsibility to be prepared . And that means taking proactive steps, like having an plan, having a fully stocked supply kit. If your local authorities ask you to evacuate, you have to do it. Don’t wait.”
#1 An Emergency Fund
Do you remember what happened when the financial system almost collapsed back in 2008? Millions of Americans suddenly lost their jobs, and because many of them were living paycheck to paycheck, many of them also got behind on their mortgages and lost their homes. You don’t want to lose everything that you have worked for during this next major economic downturn. It is imperative that you have an emergency fund. It should be enough to cover all of your expenses for at least six months, but I would encourage you to have an emergency fund that is even larger than that.
#2 Don’t Put All Of Your Eggs Into One Basket
If the wealth confiscation in Cyprus has taught us anything, it is that we should not put all of our eggs in one basket. If all of your money is in one single bank account, it would be easy to wipe out. But if you have your money scattered around a number of different places it will give you a little bit more security.
#3 Keep Some Cash At Home
This goes along with the previous point. While it is not wise to keep all of your money at home, you do want to keep some cash on hand. If there is an extended bank holiday or if a giant burst from the sun causes the ATM machines to go down, you want to be able to have enough cash to buy the things that your family needs. Just ask the people of Cyprus how crippling a bank holiday can be. One way to keep your cash secure at home is by storing it in a concealed safe.
#4 Get Out Of Debt
A lot of people seem to assume that an economic collapse would wipe out all debts, but that will probably not be the case. In fact, if you are in a tremendous amount of debt you will be very vulnerable if the economy collapses and you are not able to find a job. Just ask the people who were overextended and lost their jobs during the last recession. So please get out of debt. Many debt collectors are becoming increasingly ruthless. In many areas of the country they are now routinely putting debtors into prison. You do not want to be a slave to debt when the next wave of the economic collapse strikes.
#5 Gold And Silver
In the long-term, the U.S. dollar is going to lose a tremendous amount of value and inflation is going to absolutely skyrocket. That is one reason why so many people are investing very heavily in gold, silver and other precious metals. All over the globe, the central banks of the world are recklessly printing money. Everyone knows that this is going to end very badly. In fact, there is already a push in more than a dozen U.S. states to allow gold and silver coins to be used as legal tender. Someday you will be glad that you invested in gold and silver now while their prices were still low.
#6 Reduce Your Expenses
A lot of people claim that they can’t put any money toward prepping, but the truth is that we all have room to reduce our expenses. We all spend money on things that we do not really need. Those that are “lean and mean” will tend to do much better during the times that are coming.
#7 Start A Side Business
If you do not have much money, a great way to increase your income is by starting a side business. And it does not take a lot of money – there are many side businesses that you can start for next to nothing. And starting a side business will allow you to become less dependent on your job. In this economic environment, a job could disappear at literally any time.
#8 Move Away From The Big Cities If Possible
For many people, this is simply not possible. Many Americans are still completely and totally dependent on their jobs. But if you are able, now is a good time to move away from the big cities. When the next major economic downturn strikes, there will be rioting and a dramatic rise in crime in the major cities. If you are able to move to a more rural area you will probably be in much better shape.
#9 Store Food
Global food reserves have reached their lowest level in nearly 40 years. As the economy gets even worse and global weather patterns become even more unstable, the price of food will go much higher and global food supplies will become much tighter. In the long run, you will be glad for the money that you put into long-term food storage now.
#10 Learn To Grow Your Own Food
This is a skill that most Americans possessed in the past, but that most Americans today have forgotten. Growing your own food is a way to become more independent of the system, and it is a way to get prepared for what is ahead.
#11 Nobody Can Survive Without Water
Without water, you would not even make it a few days in an emergency situation. It is imperative that you have a plan to provide clean drinking water for your family when disaster strikes.
#12 Have A Plan For When The Grid Goes Down
What would you do if the grid went down and you suddenly did not have power for an extended period of time? Anyone that has spent more than a few hours without power knows how frustrating this can be. You need to have a plan for how you are going to provide power to your home that is independent of the power company.
This is more for emergency situations or for a complete meltdown of society. During any major crisis, blankets and warm clothing are in great demand. They also could potentially make great barter items.
#14 Store Personal Hygiene Supplies
A lot of preppers store up huge amounts of food, but they forget all about personal hygiene supplies. During a long crisis, these are items that you would greatly miss if you do not have them stored up. These types of supplies would also be great for barter.
#15 Store Medicine And Medical Supplies
You will also want to store up medical supplies and any medicine that you may need. In an emergency situation, you definitely would not want to be without bandages and a first-aid kit. Over the course of a long crisis, you do not want to run out of any medicines that are critical for your health.
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.
#16 Stock Up On Vitamins
A lot of preppers do not think about this either, but it is very important. These days, it is becoming increasingly difficult to get adequate nutrition from the foods that we eat. That is why it is very important to have an adequate store of vitamins and other supplements.
#17 Make A List Of Other Supplies That You Will Need
During any crisis, there will be a lot of other things that you will need in addition to food and water. The following are just a few basic things that it would be wise to have on hand…– an axe– a can opener– flashlights– battery-powered radio– extra batteries– lighters or matches– fire extinguisher– sewing kit– toolsThis list could be much, much longer, but hopefully this will get you started.
#18 Don’t Forget The Special Needs Of Your Babies And Your Pets
Young children and pets have special needs. As you store supplies, don’t forget about the things that they will need as well.
This may sound trivial, but the truth is that our entertainment-addicted society would become very bored and very frustrated if the grid suddenly went down for an extended period of time. Card games and other basic forms of entertainment can make enduring a crisis much easier.
In the years ahead, being able to defend your home and your family is going to become increasingly important. When the economy crashes, people are going to start to become very desperate. And desperate people do desperate things.
.#21 Get Your Ammunition
While You Still CanYour firearms will not do you much good if you do not have ammunition for them. Already there are widespread reports of huge ammunition shortages. The following is from a recent CNS News article…“The run on ammunition has manufacturers scrambling to accommodate demand and reassure customers, as many new and seasoned gun owners stock up over fears of new firearms regulations at both the state and federal levels.”Don’t just assume that you will always be able to purchase large amounts of ammunition whenever you want. Get it now while you still can.
#22 If You Have To Go…
Have a plan for what you and your family will do if you are forced to leave your home. If you do have to go, the following are some items that you will want to have on hand…– a map of the area– a compass– backpacks for every member of the family– sleeping bags– warm clothing– comfortable shoes or hiking boots
One of the most important assets in any crisis situation is community. If you have friends or neighbors that you can depend upon, that is invaluable. The time spent building those bonds now will pay off greatly during a major crisis.
#24 Have A Back-Up Plan And Be Flexible
Mike Tyson once said the following…“Everyone has a plan until they get punched in the mouth.”No plan ever unfolds perfectly. When your plan is disrupted, what will you do?It will be imperative for all of us to have a back-up plan and to be flexible during the years ahead.
#25 Keep Your Prepping To Yourself
Do not go around and tell everyone in the area where you live about your prepping. If you do, then you may find yourself overwhelmed with “visitors” when everything falls apart.And please do not go on television and brag about your prepping to a national audience.Prepping is something that you want to keep to yourself, unless you want hordes of desperate people banging on your door in the future.For much more on prepping, I would encourage you to check out the dozens of excellent websites out there that teach people advanced prepping techniques for free.So what do you think about all of this?Are you getting prepared for the coming economic depression?
If a U.S. economic collapse occurs, it will happen quickly. No one would predict it. That’s because the signs of imminent failure are difficult to see.
How to Prepare for a Collapse
Protecting yourself from a U.S. economic collapse is difficult. A catastrophic failure can happen without warning. In most crises, people survive through their knowledge, wits, and by helping each other. Make sure you understand basic economic concepts so you can see warning signs of instability. One of the first signs is a stock market crash. If it’s bad enough, a market crash can cause a recession.
Second, keep as many assets as liquid as possible so that you can withdraw them within a week. In addition to your regular job, make sure you have skills that you’d need in a traditional economy, such as farming, cooking, or repair.
Keep yourself in top physical shape. Know basic survival skills, such as self-defense, foraging, hunting, and starting a fire. Practice now with camping trips. If you can, move near a wildlife preserve in a temperate climate. That way, if a collapse occurs, you can live off the land in a relatively unpopulated area.
As for cash, it may not be useful in a total economic collapse because its value might be decimated. Stockpiles of gold bullion may not help because they would be difficult to transport if you needed to move quickly. In a severe collapse, they may not be accepted as currency. But it would be good to have a stash of $20 bills and gold coins, just in case. During many crisis situations, these are commonly accepted as bribes.