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Economic collapse confirmed – Prepare for the next financial crisis

Wednesday, October 19, 2016 3:39
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(Before It's News)

There is a clear and present danger of economic meltdown faced by America due to its excessive borrowing. Most people in the US and outside would not believe there is such a risk owing to the normalcy bias that has been hammered into their unconsciousness.

The Economic collapse and the financial crisis is rising in 2016-2017!!

The risk of Economic collapse and financial crisis is rising in 2016-2017. The fear is imminent because most the people would not want to believe this fact.

Other people would not be able to grasp the gravity of the situation simply because they do not have the necessary knowledge base for comprehension.

First of all, one must know that America only operated through credit or debt rather than actual physically present dollars.

SEE ALSO: HSBC issues red warning for imminent stock market collapse 

This means that the United States is a gigantic Ponzi scheme which has been built on its ability to borrow money.

America’s status as the reserve currency of the world allowed it to borrow money that it has not earned. The Fedstats there are trillions of dollars in the US banking system that can be withdrawn at any time.

However, the actual amount of money in circulation is only 1.4 trillion. The US currently also owes trillions of dollars from other countries. Click HERE to read US Economic collapse confirmed…

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