In this video, we are going to discuss the economic indicators that show the true extent of the collapse we are already experiencing, and the fragility of the system that is propping up any semblance of normalcy we have left. We will show you what the experts are saying about where to put your money, and why precious metals may be one of the only safe options remaining.
The United States is going through a very big health crisis and the whole economy has been severely hit. The outlook of the US economy does not look impressive and now economists are predicting that the US economy might plunge into an economic crisis. We have had a historic economic expansion for the last 10 years and this has come to an end because of the current global economic meltdown and panic. The hit on the American economy has been so big and now this is being reflected in the real GDP, employment, consumer consumption and in the industrial production. It is projected that the united states GDP will falter in the first quarter of the year and probably throughout the year. Firms like the Deutsche Bank, JPMorgan, Goldman Sachs and the Bank of America all expecting the US economy to have the worst year in many decades. If the health crisis continues, we will end up in an economic crisis that will be bigger than what we had in 2008. Right now many companies are suspending their operations and this is being reflected in the labor market where the jobless claims are skyrocketing every day.
For the last two months, we have been going through a global health problem and an economic crisis at the same time. many people alive today have never seen anything like this because right now many economies are coming to an halt and what is materializing in our eyes will be bigger than the great depression. This will end up being the most severe economic collapse in the history of the world. The stock market is already crashing at a pace that has not been seen in recent years. This has been so severe to a point where trading had to be halted several times in the last two weeks. The real estate industry is also at the verge of collapsing and this time it the crash will be bigger than what we had back in the 2008 financial meltdown. At the same time millions of Americans are losing their jobs and when all this is factored into the current economic turmoil, we have a perfect economic bomb that is about to blow up in our faces. This is just the beginning of another great depression!
The great fathers who founded our nation always referred to debt dependence as a way of stealing from our future generations. For several years, the United States has depended on debt and in 2020; the US is on its way to hit a new record of about $2 trillion dollar in deficit. This reliance on debt is almost getting out of control not to mention that we will have great trouble if the price of oil hikes. We are in trouble because the stock market rise is almost becoming unsustainable since the rise has been fueled by continuous pumping of cash into the markets by the Federal Reserve. If a war erupts with Iran, the Federal Reserve will not be able to finance a war and pump money to the stock market at the same time. Too many things are at stake at this point a major stock market crash will have to happen.
America is certainly not in an economic collapse now and most likely, the nation may not avoid big economic meltdown for long since the indicators that the nation might find itself in economic collapse are rising exponentially. The global investors in the bond market are sending a clear message; since the end of July, the long term interest rates have plunged and history has proven that this often precedes decline in economic growth, interest rates reduction by the Federal Reserve. If key policies are not enacted at this stage, things may get out of hands resulting in a financial collapse and stock market crash.
The Federal Reserve has already pumped $3 trillion dollar into the markets and they are planning to pump more $2.8 trillion dollar. They are also buying treasuries worth about $60 billion every month. This indicates that the economic depression has already begun biting and any time, the bubble will burst and it will be obvious that an economic collapse has begun. However, any time a collapse is about to occur, the elites in the federal reserve always use existing crisis events or even intentionally trigger some events to distract the public attention. Usually, collapse is a process that is difficult for people to notice until it is too late. Everyone will realize that things are out of control the day we will wake up and realize that the dollar has already lost 50% of its value or if we find out that major exporting countries have rejected the dollar as global payment currency.
There is no limit in the amount of dollars that can be printed and this time around, it will become almost impossible to avoid the dollar collapse. It is not a surprise that most central banks prefer gold over the dollar.
In conclusion, we have a rigged economic model made up of fiat money, poor growth and inefficient policies. In this condition, it will not take long to find ourselves in a biting economic collapse than what we had back in 2008. It is clear that a major economic collapse is on the way and we have to be prepared and remain vigilant for any signs of extreme imbalance either in the stock market or the housing market since the things discussed can easily trigger a financial collapse in America. The system is already broken in many ways and it is crumbling under its weight. The world is driven by nature’s law and only humans think that they can defy the force of gravity. From history, we have learned the hard way multiple times that greed always leads to a disastrous ending. There is a very high chance that the worst economic collapse might happen in 2020. However, even if it does not happen, we should not feel safe because all signs signify that it will happen very soon. We may not know the exact date but we have all the signs so it is wise that we prepare for the worst.
The economic collapse is already here. It’s already here; they’re just not televising it. There are not telling you about it.
If you look at central bankers, they’ve never been right about any stock market crash, any depression, any recessions ever. Bank failures are happening all over America. The bank collapse has started, for weeks now the Fed is bailing out the rotten bankers left and right. The Fed is easing restrictions, easing laws to eliminate what bankers need to do risky investing with your money. Your money, the money you put into savings or checking accounts that they’re holding, their gambling with it on derivatives. So what’s happening is that bankers are in trouble; they’re not liquid they don’t have cash. Bank to bank lending called the repo hit up to almost 10%, which is crazy when interest rates at all-time low almost at 0%. In America, we never had interest rates this low before. What I want you to pay attention to is what happened in 2006; in 2006, there were zero bank failures, and then in 2007, there were three bank failures. And then it went to 25 bank collapses in 2008 and we experienced a huge stock market crash and global financial collapse.