The Collapse Is Confirmed!
What is this going to look like to the man on the street when the economy melts down again? Financial expert Doug Casey says, “The country has been living way above its means. The U.S. runs about a trillion dollar trade deficit with the rest of the world, but it’s a great deal for us. The U.S. prints up dollars and we ship them dollars, and they send us Sonys and Mercedes and coffee and all sorts of things imported into this country, but that can’t go on forever. So, what’s it going to look like? It will be very high levels of inflation. In 2007 to 2009, people lost their jobs. When a society is living above its means, people like waiters and bartenders . . . they’re fired because people are going to have to do those things for themselves. So, you are going to see lots of unemployment. There could be a lot of social upsets in this country.”
What about gold and silver? Casey says, “A number of governments around the world, not the U.S. but the Russians and the Chinese, are buying a lot of gold. Why? Because it’s the only financial asset that is not simultaneously somebody else’s liability. It doesn’t matter whether we have runaway inflation or catastrophic deflation, the gold is there. It’s an actual asset unlike the paper governments’ print up. There is no point in owning paper today because interest rates are so low. Interest rates are below the level of actual inflation at this point. People should buy gold and they should buy silver. . . . They’re going to both go up. I’ll say this again, gold and silver are the only assets that are not simultaneously someone else’s liability. So, there is going to be a panic into them at some point, and some point soon I think.”
John Embry, senior advisor at Sprott Inc., joins Silver Doctors to sound the alarm – the U.S. dollar is on the brink of collapse.
Embry explains what has led us to this shocking tipping point in America’s history. Going off the gold standard led to massive money printing and an explosion of U.S. government debt. “The prospect for something going seriously wrong that can’t be corrected is enormously high.” He believes any rise in interest rates could break the debt bubble.
How should investors prepare for such a crisis? Embry suggests investing in gold and silver. While many people argue gold and silver is overvalued right now, Embry says gold and silver have never been cheaper relative to the amount of debt in the world.
Embry points out that by and large, average investors have almost no gold and silver exposure. He says there is so much money invested in other assets, that when investors start moving toward gold and silver, the coming rise in the precious metal bull market will dwarf the 1980’s gold and silver bull run. “I think the upside potential in both these metals is beyond most people’s comprehension.”
5 Sign that shows the imminent economic collapse and stock market crash 2017:
– American Unemployment Is Not 4.6%
– U.S. Inflation Is Stretching American Households
– More and More Americans in Debt and Out of Money
– U.S. Economy Not Prepared for Rate Hikes
– U.S. Stocks Significantly Overvalued
“U.S. stocks are now about 80% overvalued,” says Andrew Smithers, the chairman of Smithers & Co. He backs up his prediction using a ratio which proves that the only time in history stocks were this risky was 1929 and 1999. And we all know what happened next. Stocks fell by 89% and 50%, respectively.
This simple sandcastle analogy proves an economic collapse is imminent. Click here to see how…
Even the Royal Bank of Scotland says the markets are flashing stress alerts akin to the 2008 crisis. They told their clients to “Sell Everything” because “in a crowded hall, the exit doors are small.”
“Right now, there are three key economic indicators screaming SELL. They don’t imply that a 50% collapse is looming, it’s already at our doorstep.”
“…get prepared because we’re going to have the worst economic problems we’ve had in your lifetime or my lifetime and when that happens a lot of people are going to disappear.
So the next time around it’s going to be worse than anything we’ve seen and a lot of institutions, people, companies even countries, certainly governments and maybe even countries are going to disappear. I hope you get very worried.”