Are You Prepared For The Coming Economic Collapse And The Next Great Depression?

Hyper Inflation, Devaluation, Bank Runs and a few other doomsday scenarios....  Are You Prepared For The Coming Economic Collapse And The Next Great Depression? 

I have decided to write some of my crazy predictions on my Steemit blog today for what I think will happen sometime before Sept 1,2017. 

• World Stock Markets will crash by 80%                                                                                                                For example, the U.S. economy almost collapsed on September 17, 2008. That's the day panicked investors withdrew a record $140 billion from money market accounts, which is where businesses keep cash to fund day-to-day operations. If withdrawals had gone on for even a week, the entire economy would have halted. 
• Major Currencies € $ Y will devaluate overnight (this is actually a section I found in wikipedia) Devaluation is most often used in a situation where a currency has a defined value relative to the baseline. Historically, early currencies were typically coins struck from gold or silver by an issuing authority which certified the weight and purity of the precious metal. A government in need of money and short on precious metals might decrease the weight or purity of the coins without any announcement, or else decree that the new coins have equal value to the old, thus devaluing the currency.Later, with the issuing of paper currency as opposed to coins, governments decreed them to be redeemable for gold or silver (a gold standard). Again, a government short on gold or silver might devalue by decreeing a reduction in the currency's redemption value, reducing the value of everyone's holdings. 
• A near halt  to export shipments and production in society 
• Civil Unrest in every corner of the globe  Widespread violence erupts across the nation. That could range from inner-city riots, a civil war or a foreign military attack. It's possible that a combination of these events could overwhelm the government's ability to prevent or respond to a collapse.
• No access to a banking credit                                                                                                                                         If the economy collapses, you will not have access to credit.Banks will close. That means demand will outstrip supply of food, gas and other necessities. If the collapse affects local governments and utilities, then water and electricity will no longer be available. As people panic, self-defense becomes more important. The economy reverts to a traditional economy, where those who grow food barter for other services. 
• Cryptocurrencies will skyrocket???

If this does ocurr be it within the next 66 days as I predict or sometime in the later future there will be many hardships for all of us to bear. A world with empty supermarkets,farmacies, gas stations would suddenly throw us into Chaos, and it would take us years to rebuild which is when we could be reborn using decentralized governing systems and cryptocurrencies to make sure we dont repeat the mistakes of the past.

Img Source

Looking forward to your comments below :) Have a great Sunday!

If you wish to retweet this post please follow this link : https://twitter.com/mallorcaman/status/879052795202109440