Currently, we are living in a debt bubble that can pop up anytime due to the pressure from inside. Almost every system is not working accordingly, and for all people, the banking system has become risky and another pyramid scheme of debt that could go down any time. What will happen to countries like the US which has been living way above its limits for decades? The stock market crash will be fatal.
The reality that many people are yet to see is that the country is being deindustrialized slowly by slowly by the expanding depts and poverty is gradually creeping into our lives. However, a significant number of Americans are aware of this problem, and I hope they re taking the precautionary measures.
An essential point to note is that it’s important to note the difference between the short-term and long-term economic collapse and stock market crash. The collapse of our economy will not happen overnight; it will take a significant period before we experience the full effect. While people are busy setting emergency funds and others storing massive stocks to last them longer, it always wise to prepare for the two approaches. Nobody knows when a disaster can strike, but since we can see the red flags, you should remain vigilant.
COURTESY: Article written by The Economic Collapse Blog, NO RE-UPLOAD, NO REUSE – FOR LICENSING, PLEASE, CONTACT http://theeconomiccollapseblog.com
Fair Use Notice: This video contains some copyrighted material whose use has not been authorized by the copyright owners. We believe that this not-for-profit, educational, and/or criticism or commentary use on the Web constitutes a fair use of the copyrighted material (as provided for in section 107 of the US Copyright Law. If you wish to use this copyrighted material for purposes that go beyond fair use, you must obtain permission from the copyright owner. Fair Use notwithstanding we will immediately comply with any copyright owner who wants their material removed or modified, wants us to link to their web site, or wants us to add their photo.
For economic collapse news visit our website: http://www.epiceconomist.com