Economy

Those in the U.S. power structure know what the plan is if the U.S. dollar should fail. They are not admitting publically that there is even the remotest chance that it could happen but, rest assured, there is a plan. There is always a plan. To paraphrase Franklin Roosevelt, nothing happens by chance in government, so don’t be caught up in such a ‘surprise’ event - whatever it may be and whenever it occurs. Words: 1345

The mother of all collapses is still in front of us. Below are my reasons why that is the case and how to protect yourself financially from such an eventuality.

Many people refer to me as a “doom and gloomer” because I run a website called “The Economic Collapse”. [Just because] I am constantly pointing out that the entire world is heading for a complete and total financial nightmare, [however,] I don’t think that it does any good to stick your head in the sand. I believe that there is hope in understanding what is happening and I believe that there is hope in getting prepared. [This article does just that.] Words: 2432

Bitcoin is currently tracking the 2017 Gold fractal almost exactly and, if that should continue, we could see $16,000 in the next few days, a revisit to its previous all-time high of $20,000, and $46,000 by the end of 2019.

Technically the U.S. left the gold standard in 1971 but, in reality, we abandoned it in 1913 with the creation of the Fed...setting the stage for the collapse of the dollar. [Given that this is] the 100th anniversary of the creation of the Federal Reserve, it seems only fitting that we should present a brief history of the U.S. dollar debasement since then. Words: 1144

While I believe that the U.S. is heading towards a Weimar style hyperinflationary depression there are several developments that point to the possibility of another deflationary depression, similar to the 1930’s. Let me explain.

If the Strait of Hormuz gets shut down for any length of time that’s going to be a black swan event and such an oil price and supply shock would take nearly everyone by surprise. As such, you need to have a plan in place for what you’re going to do if - or when - that happens.

Many people have been comparing the new cryptocurrency with Bitcoin, and thinking that the Libra will have a lot in common with Bitcoin but the Libra will be quite different from Bitcoin in these 5 major ways.

The Misery Index is a quick and dirty metric to gauge the health of the economy because as inflation rises the cost of living increases and as unemployment rises more people cross the economic line into poverty.

If you want to know how the global economy is doing let this simple indicator do the talking - and here is what it is saying these days.