In this video we will discuss why everyone in America should be prepared for the coming economic collapse:
It is very clear that a lot is happening in the world today. It seems that every single day the economic situation in America is getting from bad to worse; the outbreak is yet to be contained, millions of people have lost their jobs and civil unrest is becoming the new normal in the society.
The future does not look good and everyone in America should gear up and prepare for a terrible economic collapse.
When we look at history, before the First World War, the US dollar was fully supported by the gold standard and that meant that every one dollar note had an equivalent amount of gold. Because of this, one could go in the bank and exchange dollars for an equivalent amount of gold. A few year late the dollar was debased from the gold standard and this lead to the creation of the Bretton wood system that enabled most of the currencies to be pegged against the dollar and the dollar itself would be pegged against the gold. The exchange rates were fixed and this resulted to a lot of economic progress in the US. This system later collapsed a few years later when the US government begun printing excessive amounts of dollars to fund the Vietnam War. This lead to the collapse of the unsustainable Bretton Wood system and this is what gave birth to the current monetary system.
At the moment the economic system that we have is very unsustainable; it depends on debt and unlimited printing of money by the Federal Reserve and as a result, at one point everything will just have to fall into an abyss of economic disaster. We are at tipping point and there is not turn around. A reset of the current economic system will have to happen. The biggest losers will be the average middle class that is made up of working Americans and this is the reason why you should prepare yourself.
Each time there is a market crash, the Federal Reserve is always forced step in by pumping more money into the economy. For example during the 2008 stock market crash, it took 400 percent increase in the base currency to bring things back to normal. Each time this is done, the power of the money that was injected into the economy is always diminished and this means whenever the next market crash will come, more cash will have to be pumped into the system to bring another economic pop. During the 2008 financial crisis, it took a 400 percent increase in the money that was injected into the system. This is the exact thing that is repeating itself at the moment and the grave danger of this is that more cash will have to be injected for any subsequent economic downturns.
If the next stock market crash comes, it will be horrific because the FED will have to avert it by printing more money. However, there is a very big downside to this because it will create a hyperinflation and this will have a permanent impact to our economy. This is nothing other than legalized theft because the government, the banks and the few powerful people at the top will use this as a means of wealth transfer. They will take away from the pockets of average people and at the end of the day, the elites will win while everyone else loses.
As usual, history is the best teacher and what we can learnt is that the trajectory that the current system has taken will end up in a bad way. It cannot be sustained in the long run and at one point this bubble will have to burst. There has been zero success in doing this because fiat currencies cannot sustain this; the ancient kingdoms of Rome, Chinese and Indians have proved that that doesn’t work. Even at the moment, most of the western currencies like the dollar, Euro and the British Pound have been continuously losing their value.
We are at a point where the global monetary system is at the verge of a collapse especially because of the economic impact of the current outbreak and this means that very soon we might see a very big shift of the system. We have to be prepared for big changes that will be coming our way. For many year the middle class are always the biggest losers whenever there is an economic crisis or a system reset and even this time, many will lose and this is why you should be prepared in case the worse happens.