Just take a look around you…consider the signs you see and feel.
Does the US economy seem stable and healthy to you? (It’s Not)
The US is Poised for Another Financial Crash
Just watch this documentary…and remember how quickly things will change.
Whether you agree with Donald Trump or not, his recent comments on the state of the U.S. economy can’t be ignored. The U.S. is currently $16 trillion dollars in debt, our government is borrowing money, and according to Trump and other economists out there, that debt is going to get higher before it sees any sort of reduction and another financial crash is on the way.
It’s not just Trump who is sounding the warning bells, however, economist Robert Wiedemer (you know, the guy who accurately predicted the collapse of the economy that nearly brought the U.S. to her knees,) foresees changes coming as soon as next year and they’re much, much worse than the “downgrade” of American credit predicted by Trump. In a recent interview, Wiedemer suggests, “The data is clear, 50% unemployment, a 90% stock market drop, and 100% annual inflation . . . starting as soon as next year.”
Some claim that the fallout of another financial crash won’t be nearly as startling as Wiedemer suggests. Marketwatch columnist Howard Gold suggests that “It probably won’t be as bad as the last one, which cost Americans trillions of dollars in wealth, caused nine million to lose their homes, and almost took all of Wall Street over the precipice.” However, he believes that whatever the beginning point of our next financial crash it will be “defined by the inability of governments to act as decisively as they did after the fall of Lehman Brothers 10 years ago…Budgetary and financial constraints, as well as toxic politics, may well tie the hands of regulators and central bankers in a way they didn’t the last time around.” Backing up his theory he points to four pundits who predicted the last financial crisis, all of who pinpointed debt as the cause, all of whom were correct. The only problem is that this time, the “rescue plan” devised to relieve some of that debt is going to be one of our biggest obstacles when another financial crash comes to our door.
…are you ready?