Prepare For The Coming Economic Collapse

Federal Reserve Chairman Ben Bernanke is not going to save our economy.  He supposedly didn't see the last financial crisis coming, and even after things started falling apart he continued to insist that that everything was fine. Housing prices would not go down and that we would not have a recession.

Wrong. We had the worst housing crash and the worst recession since the Great Depression of the 1930s.

But still millions of Americans are trusting him to save us this time around. It didn't happen in 2008 and it's not going to happen now.

One of the biggest flaws in our financial system is with the Federal Reserve system itself. The U.S. government is 16 trillion dollars in debt is because the system is designed to create gigantic amounts of government debt. And even if we replaced every corrupt and/or incompetent politician our economic problems would still persist.

Most Americans are pinning their hopes for an economic turnaround on the upcoming election, but the truth is that neither Obama or Romney has a plan that will fix it. The total amount of all debt in the United States has gone from less than 2 trillion dollars to almost 55 trillion dollars in 40 years...and 8 Presidents. Economic collapse is going to happen no which political party is in power.

It is very probable you could wake up one day soon and discover that because Ben Bernanke has printed trillions upon trillions of new dollars to "fix" the financial system your life savings have been devalued by 50 percent.

That may sound extreme but this is what millions of Europeans are extremely worried about right now. In Spain there has been a full-blown run on the banks. In July alone, 94 billion dollars was pulled out of the Spanish banking system - the equivalent of 7 percent of Spain's GDP...in one month!

Time is running out.  In fact, we might not have much time left at all before the next major downturn. September will be a pivotal month. Be ready.

Related articles

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• Does Bernanke Hate Old People?

Economic Collapse Will Happen No Matter Who Wins Election

Our incumbent President says that things are getting better, jobs are being created, and America is on the road to recovery. His opponent, Governor Mitt Romney, says the opposite, but claims he has a plan that will turn things around and bring prosperity back.

According to free market proponent Peter Schiff, it doesn’t matter who wins, because the crunch is coming – and it’s going to become apparent during the next President’s administration.

He [Mitt Romney] is not going to prevent the crisis. 

We’re headed for a real economic collapse regardless of who wins this election. 

The government has over-promised. There are gigantic Ponzi schemes. They do not work. Meanwhile, the only reason the economy has not collapsed is because interest rates are artificially low. the Fed cannot keep interest rates low indefinitely, and when interest rates go up the party is over. And then we’re not going to have a choice anymore.

We’re going to have to finally deal with these problems or destroy our currency, and that is a real economic crisis that is going to make 2008 look like a walk in the park. 

[The crunch] is going to happen in the next administration.

We can’t fix these problems by repealing Obamacare and cutting taxes. We have structural problems that underline the U.S. economy that are very deep that require real free market reforms, and unfortunately none of the major candidates are even talking about that right now.

Peter Schiff was ahead of the collapse of 2008, warning clients of his firm Euro Pacific Capital that global equities would crash as a result of fraud, unservicable debt levels and a failed monetary policy. After the crash he, like many others, urged Congress to address the fundamental problems within the US economy, including fiscal, monetary and economic policy reform.

He and the American citizenry were ignored as Washington not only didn’t listen, but engaged in exactly the opposite of what should have been done.

Four years on we’re worse off than ever before, with more money having been borrowed from foreign creditors and stolen by the government from taxpayers under the guise of bailing out essential financial and manufacturing sectors of the global economy.

We’re in too deep folks. At this point, it cannot be stopped.

Trillions of dollars are owed, and as a country we have no way to make good on that debt.

Confidence in the US dollar will soon be lost, and when that happens we will experience a collapse in the United States and the global economy unlike any that has ever been witnessed in the history of the world.

Historians will write about this era for centuries to come, just as they write of Rome today.

Mac Slavo

2013 Great Depression: Gold, Guns, and Spam

Over the past quarter, there have been a number of industries that have shown both profit and growth in this recessionary economy. However, outside of the popular, and heavily traded companies in the market such as Apple, the primary industries achieving record sales and record equity prices are none other than the disaster preparedness items such as gold, guns, and spam.

On Aug. 23, Hormel beat analyst expectations for revenue, primarily through sales in their Spam product lines.

Hormel Foods Corp. said Thursday that it earned $111.2 million, or 41 cents per share, for the quarter. That's up 13 percent from $98.5 million, or 36 cents per share, during the same period a year earlier.
Revenue for the period ended July 29 increased 5 percent to $2.01 billion from $1.91 billion, led by sales of Spam. This was slightly higher than the $2 billion that Wall Street forecast.- Associated Press

Besides the food component of disaster preparedness investing, two other items, these being gold and guns, are seeing massive purchases in several different quarters of the economy. Since November of last year, and in particular after the shooting massacre in Colorado last month, gun sales across the country are proceeding at record levels. And in regards to gold acquisition, economic disaster fears around the world have driven up the price nearly $80 in the last ten days alone.

Gold and silver both reached their 200 day MA on Aug. 23 for the first time in several months, as investors like George Soros and John Paulson invest in the metal's paper traded ETF's. Additionally, the amount of gold and silver being accumulated by central banks has increased several times in recent months, as global fears of Euro destruction and war in the Middle East accelerates.

The mantra and cry of those in 'Prepper Nation' has always been about the accumulation of gold, guns, and grub. In the 3rd quarter of 2012, these three items are proving themselves to be high priorities in what consumers are purchasing, and market trading volumes in gold, guns, and spam are also validating this growing belief by consumers that disaster preparedness investing is becoming a reality.