Are You Prepared for the Economic Crash? ✅

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Are You Prepared for the Economic Crash? ✅

Are You Prepared for the Economic Crash?
Another financial crisis—predicted to be the worst in U.S. history—is on its way.

“We have $250 trillion worth of global debt, and interest rates are going up. This will be the worst market crash in history—an economic 9/11. It’s going to be worse than the Great Depression. When this thing crashes, it is gone.” -Gerald Celente, Founder & Director of the Trends Research Institute and widely hailed for warning everyone about what he predicted would be the “panic of 2008.”

The volatile U.S. stock market dropped 967 points so far this week at the close, and is down again as I write this. The share price of formerly investment grade GE, saddled with unprecedented debt, has tanked by over 50% for 2018. This year, the Dow suffered other massive dives, like the 1,375-point combined fall over October 10th to 11th, the 424-point drop on April 24th, and the 1,033-, 1,175- and 666-point plummets on February 8th, 5th and 2nd respectively.

After each drop, many attributed the losses to increased bond yields, or interest rate hikes (short-term interest rates are still less than half of what they were in early 2007). Upon closer inspection, though, top investors and economists offer a list of systemic fissures that are the cause, including the biggest debt bubble in global history, and emerging markets teetering on defaults. Greece’s economy nearly failed in 2011, but now Italy’s is teetering—and it’s the world’s ninth largest economy. Whereas Lehman went bankrupt in 2008, today’s most ailing too-big-to-fail is currently Deutsche Bank—three times the size of Lehman, and with $47 trillion in derivatives.

Legendary investor Jim Rogers, who co-founded the Quantum Fund with George Soros and achieved returns of over 4,200 percent over ten years, said in early 2018 that he expects “a $68 trillion ‘biblical’ collapse poised to wipe out millions of Americans.” On Fox Business last April, he reiterated, “When I said it’s going to be the biggest market downturn in my lifetime, that’s not so strange to me. In 2008, we had a problem because of debt. Debt has skyrocketed since 2008.”

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