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It’s Here! The Global Economic Collapse Hits World – You Are Trapped – What Will Happen, How to Prepare

Thursday, November 9, 2017 8:23
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(Before It's News)

The world’s economic implosion is getting closer. It’s not something that is a staple on the nightly news, but it is taking place.

Because it is not commonly reported, investors may not understand fully how debased the economic environment has become. Japan, Russia, China and Brazil as well as the West are all plunging economically and thus interest rates – one sign of distress – may be going lower not higher.

The European Union doesn’t anticipate growth and the Fed anticipates but doesn’t act as if it believes it. And now Bank of England’s Mark Carney has weighed in with his own negative forecast.

Were the emergency measures taken? What were the emergency measures? Were these measures certified? The knowledgeable economists had certainly advised against unconventional measures to curtail the crisis. More rather, allow some nasty institutions which had created the mess fail. Now the doctrine of economics was with the top central bankers who thought the unconventional way was a band-aid technique which will stop the haemorrhage. Quantitative Easing started: extensive money supply, printing trillions of dollars, buying financial assets from commercial banks and other financial institutions of their choice. This raised the prices of said financial assets, lowered the yields, and there was no target value. According to some of the economists, the problems were mitigated. However, when the funds for the real economy were needed, they were pushed to an artificial  system which bailed out the Too Big To Fail Banks. In The United States, this was an endorsement for ‘good work’ carried out by Freddie Mac and Fannie Mae in concurrence with the Banks. Why was AIG Bailed Out? Could Lehman Brother have been saved in the same way? This is now called a “Failed Experimental Economics”.

 

When Would the U.S. Economy Collapse?
Any of the following six scenarios could create an economic collapse.

If the U.S. dollar rapidly loses value, it would create hyperinflation.
A bank run could force banks to close or even go out of business, cutting off lending and even cash withdrawals.
The internet could become paralyzed with a super-virus, preventing emails and online transactions. 
Terrorist attacks or a massive oil embargo could halt interstate trucking. Grocery stores would soon run out of food.  
Widespread violence erupts across the nation. That could range from inner-city riots, a civil war or a foreign military attack. It’s possible that a combination of these events could overwhelm the government’s ability to prevent or respond to a collapse.
Some believe the Federal Reserve, the president or an international conspiracy are driving the United States toward economic ruin. If that’s the case, the economy could collapse in as little as a week. That’s because it’s run on confidence that debts will be repaid, food and gas will be available when you need it and that you’ll get paid for this week’s work. If a large enough piece of that stops for even several days, it creates a chain reaction that leads to a rapid collapse.

Will the U.S Economy Collapse?
The U.S. economy’s size makes it resilient. It is highly unlikely that even these events could create a collapse. The Federal Reserve’s contractionary monetary tools can tame hyperinflation. The Federal Deposit Insurance Corporation insures banks, and the Treasury can print all the money needed to make sure depositors get their funds. Homeland Security can address a  cyber threat. If not, the economy can always return to how it functioned before the internet.

The president can release Strategic Oil Reserves to offset an oil embargo. The U.S. military can respond to a terrorist attack, transportation stoppage or rioting/civil war. In other words, most federal government programs are designed to prevent just such an economic collapse. 

How to Prepare for a Collapse
Protecting yourself from a U.S. economic collapse is difficult.

A catastrophic failure can happen without warning. In most crises, people survive through their knowledge, wits, and by helping each other. Make sure you understand basic economic concepts so you can see warning signs of instability. One of the first signs is a stock market crash. If it’s bad enough, a market crash can cause a recession.

Second, keep as many assets as liquid as possible so that you can withdraw them within a week. In addition to your regular job, make sure you have skills that you’d need in a traditional economy, such as farming, cooking or repair. 

Make sure your passport is current in case you’d need to leave the country on short notice. Research target countries now and travel there on vacation, so you are familiar with your destination.

Keep yourself in top physical shape. Know basic survival skills, such as self-defense, foraging, hunting, and farming. Practice now with camping trips. If you can, move near a wildlife preserve in a temperate climate. That way, if a collapse occurs, you can live off the land in a relatively unpopulated area.

As for cash, it’s almost pointless to have it in a real economic collapse because its value might be decimated. Gold isn’t much help because it’s heavy to transport and useless in an actual survival situation. But it would be good to have a stash of $20 bills and gold coins, just in case. During many crisis situations, these are commonly accepted as bribes. 

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SOURCE : http://www.mydailyinformer.com/its-here-the-global-economic-collapse-hits-world-you-are-trapped-what-will-happen-how-to-prepare/

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