We are watching an entire nation collapse right in front of our eyes. As you read this article, there are severe shortages of just about anything you can imagine in Venezuela. That includes food, toilet paper, medicine, electricity and even Coca-Cola. All over the country, people are standing in extremely long lines for hours on end just hoping that they will be able to purchase some provisions for their hungry families. At times when there hasn’t been anything for the people that have waited in those long lines, full-blown riots have broken out. All of this is happening even though Venezuela has not been hit by a war, a major natural disaster, a terror attack, an EMP burst or any other type of significant “black swan” event. When debt spirals out of control, currency manipulation goes too far and government interference reaches ridiculous extremes, this is what can happen to an economy. The following are 8 lessons that we can learn from the epic economic meltdown in Venezuela… (Read More...)
Economic Meltdown
If 3 Inches Of Snow Can Cause This Much Chaos In Atlanta, What Will Economic Collapse Look Like?
This week, three inches of snow “paralyzed” the ninth-largest city in the United States, and the highways of Atlanta “resembled a scene in a post-apocalyptic world” according to national news reports. Hundreds of cars were abandoned on the side of the road, people were spending the night in churches and grocery stores, and many walked for hours in a desperate attempt to get home or find needed provisions. So if three inches of snow can cause this much chaos in one of our major cities, what will a full-blown economic collapse look like? Most Americans have no idea how fragile our way of life is. In the event of a major natural disaster, a massive EMP blast or a complete economic meltdown, our lives would change very rapidly, and most people are totally unprepared for that. (Read More...)
47 Statistics That Indicate That Economic Stress Points In 2011 Could Be Setting The Stage For A Global Economic Meltdown In 2012
Is the world approaching a devastating global economic meltdown? Right now there are a large number of factors that are creating economic stress points all over the globe. All of the crazy money printing that the Federal Reserve and other central banks have been doing is putting inflationary pressure on agricultural commodities, oil and precious metals. Massive floods, horrific droughts and extreme weather patterns all over the globe are ruining crops and creating food shortages. Some nations are now actually hoarding food, and in other nations rising prices have sparked food riots. The price of oil has been moving back towards $100 a barrel, and if it stays at a high level for an extended period of time that is going to have very serious consequences for the global economy. In addition, the growing sovereign debt crisis could erupt again at any time. Half a dozen nations in Europe are on the verge of insolvency, Japan’s national debt is now well over 200 percent of GDP, and the global financial system is growing increasingly concerned about the exploding national debt of the United States. The truth is that the entire world financial system is a house of cards balanced on a razor’s edge and it could come down at any time. (Read More...)
What Is The Best U.S. State To Move To If You Want To Insulate Yourself From The Coming Economic Meltdown?
Today, millions of American families are considering a move to another part of the country because of the growing economic problems that the United States is experiencing. In the past, most Americans would normally just ride recessions out and would be able to safely assume that things would get back to “normal” sooner or later. But for many Americans, this time just feels different. Unemployment has never stayed this high for this long since the Great Depression. Thousands of our factories and millions of our jobs have been shipped overseas, and many of our formerly great cities (such as Detroit) have been turned into deindustrialized wastelands. The federal government and most state governments are essentially bankrupt and continue to get into more debt at an accelerating pace. Meanwhile, Helicopter Ben Bernanke and his cohorts at the Federal Reserve have fired up the printing presses in a desperate attempt to revive the U.S. economy. Many believe that by flooding the financial system with paper money that they are setting in motion a series of events which will eventually lead to the death of the dollar. With so much wrong with our economy, is it any wonder why more Americans are deeply concerned about the state of the economy today than at any other time since World War II? (Read More...)