Profile image
By John Rolls (Reporter)
Contributor profile | More stories
Story Views
Last Hour:
Last 24 Hours:

Greg Hunter: World Is Comfortably Unaware of Approaching Disaster – Andrei Polgar - Must See Video

% of readers think this story is Fact. Add your two cents.

By Greg Hunter’s 

Best-selling author of “The Age of Anomaly,” economist Andrei Polgar, says the world is set up to be blindsided in the next financial disaster. Polgar points out, “Right now, after so many years after the ‘Great Recession,’ not only are people comfortably unaware, but even worse yet, the entire idea of financial preparedness has been discredited. I have noticed this because I have been on many shows promoting my book. . . . People are not that interested in financial preparedness. A common element was always this: People have made predictions, and they didn’t pan out. Other analysts have made gloomy predictions, and they didn’t pan out. So now, the general public has essentially been numbed. One of the big issues I talk about with my book is sustainable financial preparedness, and it’s a tough sell. It’s a tough sell because people are even worse than just ignorant in an uncomfortable way; they are downright dismissive with anything that has to do with financial preparedness. So, on top of all the problems with our economy, and on top of all the political issues you are well aware of, we also have this general state of not even apathy, even worse, contempt . . . of financial preparedness in general.”

Polgar says, “Market crashes are cyclical. Of course, we are going to have one, and I am not afraid of the idea of a market crash. I am afraid of what happens when the chain is broken or, to put it differently, when the status quo no longer works. . . . Your readers comment about being comfortably ignorant. That makes perfect sense. People have in their mind, yeah, there is going to be a crash, but central banks and governments will have it all under control.”

Polgar predicts, “The next crash will be the worst the world has ever seen . . . because problems have kept accumulating. Now, we have come to accept the unsustainable as status quo. We look at the GDP ratio of Japan that is over 200% and we say it’s all fine. We look at Italy with 130% debt to GDP and say it’s fine. We look at France, Belgium and the United States with debt to GDP at around 100%, and we say it’s fine . . . they’re going to do more of the same and hopefully that’s going to work. That’s what keeps me up at night. What happens when that chain breaks? . . . . If things are this bad right now when, for better or worse, nothing is burning, what do you think is going to happen when we are going to have to deal with all our problems,  when we have to deal with the unsustainable nature of our system? Things are already unbelievably bad here in Europe. We are buried under excessive bureaucracy. We have, for the most part, a pretty spoiled population, and this is true for other Western populations. . . . In Romania, at least we understand that sometimes systems fail, whereas in the Western world . . . way too many individuals are just getting by as it is. They are overly indebted. They are overly dependent on the system functioning flawlessly. If a small crack appears, then these people will not be able to cope with it.”

In closing, Polgar says, “The system will break from bottom to top. . . . As bad as things are in the Western world, I see much more pain initially in emerging markets. . . . Developed countries like the United States will be the last to fall. . . . The baseline scenario I am afraid of is . . . having our usual market crash followed by a loss of confidence of central banks and governments to keep it under control. To simplify it, we will have deflation first followed by a loss of control that ultimately leads to an inflationary spiral.”

Join Greg Hunter as he goes One-on-One with economist Andrei Polgar, the best-selling author of “The Age of Anomaly.”

(To Donate to Click Here)

After the Interview:

You can find out about Andrei Polgar by going to his website There you can buy his book from a variety of booksellers. You can also go to Polgar’s YouTube Channel and enjoy dozens and dozens of original economic videos for free.

Stay Connected

Related Posts: 



Support BeforeitsNews by trying our natural health products! Join our affiliate program
Order by Phone at 888-809-8385 or online at
Get our Free Ebook, "Suppressed Health Secrets" THEY don't want you to know!

APeX - Far superior to colloidal silver!  Desroys Viruses, Bacteria, Pathogens!
Ultimate Curcumin - Natural pain relief, reduce inflammation and so much more.
Supreme Fulvic - Nature's most important supplement! Vivid Dreams again!
MitoCopper - Bioavailable Copper destroys pathogens and gives you more energy.
Oxy Powder - Natural Colon Cleanser! Cleans out toxic buildup!
B-12 - Supports healthy metabolism, brain function, hormone balance!
Nascent Iodine - Promotes detoxification, mental focus and thyroid health.
Never Wax Your Car Again -
Protects vehicles for years with dazzling shine!
Smart Meter Cover - Reduces Smart Meter radiation! See Video!
Prodovite - The Secret To Healing is in the Blood!

Tactical Laser Blinds
Bring Batteries Back
New Laser Blinds Attackers Instantly! Bring Dead Batteries Back to life!
US Faces 100 Year Drought
Cut Power Bills by 65%
NASA - US Faces 100 Year Drought! Discovery Can Cut Power Bills by 65%
Report abuse


    Your Comments
    Question   Razz  Sad   Evil  Exclaim  Smile  Redface  Biggrin  Surprised  Eek   Confused   Cool  LOL   Mad   Twisted  Rolleyes   Wink  Idea  Arrow  Neutral  Cry   Mr. Green

    Total 1 comment
    • tonyw

      BRING IT ON …I and many others are prepared




    Email this story
    Email this story

    If you really want to ban this commenter, please write down the reason:

    If you really want to disable all recommended stories, click on OK button. After that, you will be redirect to your options page.