Last Warnings America false flag end of 2016 then dollar collapse will follow 100% it will happen.
Stock market crashes in one day. whats going on with China? People are panicking and what can we do? Was this predicted? Is this the road to doomsday?
If you don’t think economic collapse is coming and coming soon. When economic collapse finally hits, and it will, more than 50 percent of Americans will be completely wiped out in just a few weeks. And then what do you think will happen.
RELATED : The Great Reset is Coming – Get Ready for the Second Great Depression
Via ( modernsurvivalblog.com)
An economic collapse today would be far different from the Great Depression. This one will be uniquely dangerous and likely violent. The morals and conditioning of people today are far far different from 80 years ago. Back then a great percentage of people knew how to take care of themselves. There were LOTS of farmers (for example). Not today though. Today we have a huge dependent class, and we have a failing middle class who are very over-extended. Today we have a vast system of ‘just in time’ production and delivery which nearly all people alive in the modern world depend upon for their existence. All of this only works in an economy that has not collapsed. When it does (collapse), there will be great displacement.
RELATED : Inflation The Key Prior Indicator Towards The Next Great Depression — How to prepare
The title, “Will YOU Become Homeless After The Economic Collapse”, is meant to be a wake up call to evaluate your own economic and financial situation. If you believe that you would be at risk to becoming homeless, you might want to consider mitigating that risk somehow. Perhaps shed some of your expenses or consider a lifestyle change of less consumption (of non-necessary goods and services for example). Find a way (somehow) to build a cushion of emergency cash. The point is – to at least think about it – which is the first step prior to a plan and action…
So what are the 5 signs we are heading for economic collapse or economic doomsday like the world has never seen?
RELATED : After The Collapse Six Likely Events That Will Follow An Economic Crash
1. Almost one quarter of all Americans have amassed more credit card debt than they have in emergency savings. That means when massive layoffs start happening, people will only have a few weeks of savings before they are wiped out and won’t even be able to afford groceries. And they will still have to pay their credit cards, all the while draining their almost non existent savings.
It gets worse…
2. A full 62 percent of Americans are living paycheck to paycheck and when they lose their jobs, they can’t buy groceries, they can’t pay their bills, they can’t put gas in their cars and so on. Only 38% percent of people surveyed can cover a $500 repair bill, much less keep things going for even a couple of weeks with no pay.
RELATED : Stewart Rhodes Calls For Emergency Summits By State, In Preparation For Economic Collapse
3. Stocks are facing an absolutely monumental crash – Corporate debt is back to 2007 PEAK levels. Margin debt which is money borrowed to buy stocks is at 2007 PEAK levels. China’s GDP numbers are a total fiction. China’s rail freight volume is at a 24 year low. We are in a global economy that when investors see the full impact and the market starts to slide, it will be a huge sinkhole of wealth destruction.
Next…
4. The Economic disaster Greece is facing – How Greece has managed to hold on without total collapse is anyone guess, but there is a looming disaster just waiting to happen in Europe over Greece. They can’t pay their bills and have agreed to a 4 month extension of loan guarantees from the European Union while on the other hand their new Socialist government under Price Minister Alexis Tsipras has already said he will not pay Greek debt to the EU, but the EU just loaned him even more money.
RELATED : 11 Predictions Of Economic Disaster In 2015 From Top Experts All Over The Globe
A protest group called ANTARSYA has called for defaulting on Greece’s debt, and nationalization without compensation of major industries, banning of lay-offs, the disarmament of the police, full political and social rights for immigrants. Sure, please tell us what fantasy land that can happen in. Nothing like good old Socialism with no means of financial support to ruin an economy.
Of course it gets worse, you didn’t think we were done yet, did you?
This is a good one and just what you’ve been waiting for. Get this…
5. The US Treasury is spending billions of dollars they won’t even account to Congress for. It’s hard to believe we have come to the point in this country where Congress asks the United States Treasury to account for 3 billion in Obamacare payments and they flat out tell Congress, NO!
Astoundingly Rep Paul Ryan has asked the treasury to explain why $3 billion in payments were made to health insurers even though Congress never authorized the spending through annual appropriations and the Treasury Department told him flat out, they would not comply.
RELATED : 22 Items That Vanish From Stores In An Economic Collapse or Natural Disaster
If the treasury under the Obama administration cannot and will not account for this kind of money, $3 Billion, what else are they up to at the orders of Barack Hussein Obama?
There you go, economic collapse is looming and our government from the Congress to the Treasury, to the Federal Reserve to President Obama knows it and it is as if they want it to happen because no one is doing anything about it.
James Dale Davidson lays out the truth about the American normalcy bias , and the coming economic disaster .
AMERICA WILL COLLAPSE BY 2016 ?
RELATED : Famed Economist Warns….The Coming Collapse Will Devastate Millions Of Americans
Other useful resources:
The Lost Ways (Learn the long forgotten secrets that helped our forefathers survive famines,wars,economic crisis and anything else life threw at them)
Survival MD (Best Post Collapse First Aid Survival Guide Ever)
Backyard Innovator (A Self Sustaining Source Of Fresh Meat,Vegetables And Clean Drinking Water)
Blackout USA (EMP survival and preparedness)
Conquering the coming collapse (Financial advice and preparedness )
Liberty Generator (Build and make your own energy source)
Backyard Liberty (Easy and cheap DIY Aquaponic system to grow your organic and living food bank)
Bullet Proof Home (A Prepper’s Guide in Safeguarding a Home )
Family Self Defense (Best Self Defense Strategies For You And Your Family)
Survive Any Crisis (Best Items To Hoard For A Long Term Crisis)
Survive The End Days (Biggest Cover Up Of Our President)
Drought USA (Discover The Amazing Device That Turns Air Into Water)
You say that people will still have to make credit card payments. I think no one in that circumstance will make payments. People will stop making mortgage and debt payments first. They will use what money they have to buy groceries and pay utilities. The level of payment default will be so massive that the ‘collectors’ will become overwhelmed and ineffectual. Chaos in the streets begins when the trucks stop rolling and people can no longer use plastic to buy food or entertainment at Walmart. In 10 weeks or in 10 years, it will eventually happen. Hard to know how much longer they will hold up the facade.
I’m so sick of all the “Economic Speech” and inside baseball of those well versed in the Stock Market! NO ONE talks about implications, strategies or the REALITIES of “Life on the Street” for the working stiffs who are going to be hammered!
This article is a step in the right direction and a breath of fresh air for those facing the STORM!
I’ve thought long and hard about all this but all I have is conjecture about possible scenarios. If people can’t pay their credit cards and rent/mortgage payments, are they rounded up and placed in FEMA camps/Debtor prisons to extract cheap labor in exchange for the food they will hopefully receive from the Government? Does Agenda 21 kick in and are neighborhoods and cities repossessed by the Government?
Inquiring minds want to know!
correct mike: the sites that put out this doom and gloom stories that tell you to pay off you mortgage and credit cards and get ready for the collapse is all hype. If things get that bad the last thing people will worry about is a house payment. (people love their bankers so much they want to make sure to make those payments!) Banks will have a choice let the people live in the house and keep it safe or leave it and the house gets trashed.
It will actually happen in few months. Expect something BEFORE or AFTER this coming Summer.
When it doesn’t happen as you say,then What?? You will Discredited