Economic Collapse: Eye of the Hurricane

in federalreserve •  7 years ago  (edited)

I know that many people are struggling from the financial chaos that is occurring. Others have had a reprieve for the last ten years since the central banks of the world have reinflated the housing and stock market bubbles. This creates a "Wealth Effect" for some. This wealth effect disappears when the housing and stock markets turn around and return to fair market value though. I hate to share bad news with you, but the economy is only going to get worse. All that world governments have done since 2008, is to drop interest rates (the Fed Funds Rate) to 0% for almost ten years and print trillions upon trillions of dollars, yen, euros, and other fiat currencies. This is what has reinflated housing and stocks. This is not a capitalist system. The word "bailouts" doesn't exist in capitalism or free markets. This is corporate welfare, fascism, and a form of socialism.

The United States debt has also DOUBLED since 2008 to 20 trillion dollars. This has only made the problem worse. The real economic collapse is coming, and now the central banksters are going to "try" to raise the fed funds rate in 2017, and this will cause the financial collapse to deepen. Use your critical thinking skills to come to this realization. Look at how the US debt has moved since the dollar was first altered during the Bretton Woods Agreement in 1944. Then look at how the US debt goes hyperbolic after the dollar was completely taken off the gold standard by Nixon in 1971. The debt has doubled under GW Bush's term and Obama's term. The collusion of the central banksters and world government officials has and will destroy the dollar and other fiat currencies. This is not a healing economy. This is a dead economy on life support. Donald Trump cannot save our economy. This collapse is going to be felt around the world.

Those who don't prepare for what is to come will be in for a world of hurt, literally. I say this not to cause fear, but to enlighten all those who are still listening to the government propaganda on CNN, Fox, MSNBC, and all the other Main Stream Media (MSM). Those "Media Sources" are bought and paid for by the ruling elite. The MSM is telling everyone that the economy is recovering. Nothing could be further from the truth. I hope that everyone 'Wakes Up' before we leave the eye of the financial hurricane and face the worst of which is to come. This is the last chance to prepare, before the banksters pull the carpet out from under the world economy. The more people that prepare for the next downturn in the economy, the better off we all will be.

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