The idea that the United States is on the brink of a horrifying economic crash is absolutely inconceivable to most Americans.
The idea that the United States is on the brink of a horrifying economic crash is absolutely inconceivable to most Americans. After all, the economy has been relatively stable for quite a few years and the stock market continues to surge to new heights. On Friday, the Dow and the S&P 500 both closed at brand new all-time record highs. For the year, the S&P 500 is now up 9 percent and the Nasdaq is now up close to 11 percent. And American consumers are getting ready to spend more than 600 billion dollars this Christmas season. That is an amount of money that is larger than the entire economy of Sweden. So how in the world can anyone be talking about economic collapse? Yes, many will concede, we had a few bumps in the road back in 2008 but things have pretty much gotten back to normal since then. Why be concerned about economic collapse when there is so much stability all around us?
Unfortunately, this brief period of stability that we have been enjoying is just an illusion.
The fundamental problems that caused the financial crisis of 2008 have not been fixed. In fact, most of our long-term economic problems have gotten even worse.
More
DelMarVa's Premier Source for News, Opinion, Analysis, and Human Interest Contact Publisher Joe Albero at alberobutzo@wmconnect.com or 410-430-5349
4 comments:
I don't wish for something this catastrophic to happen however if that is what God intends for Americans to wake up then so be it. I for one am as prepared as a person can be.
The New World Order or some say one world government is coming one way or another and our collapse will allow it to happen.George Soros will be so happy.
There is NO WAY - none ---- that we will not go into hyperinflation.
Obama has been printing $100 bills 24 hours a day for 4 years and telling the world that money has value.
Its a piece of colored paper. That's all.
Do some research and see what INEVITABLY happens when that is done. Riots. Chaos. Widespread violence. Revolt and civil unrest. War. Only THIS time, your "leaders" will have much more powerful weapons and a the usual desire to keep their power.
You BETTER be buying guns and ammo
and storing food, water and medicine. When TSHTF you won't be able to acquire them (unless you TAKE them from someone else), so be willfully ignorant of what is most certainly coming or be prepared.
Either way, its still going to be an horrendous period.
But, do what most of you do best -- keep cheering.
The shy is falling, the sky is falling.
Chicken little
Post a Comment