Will a terrible economic collapse in the United States (which it almost certainly will) result in a complete and thorough collapse of society? Will we see historic levels of crime, bloodshed, rioting, and social instability in the United States? Before you dismiss such ideas as the work of a few irrational bloggers with too much free time on their hands, consider what one of the world’s largest credit rating firms has to say. According to a Moody’s analysis on sovereign debt, the world’s five largest AAA-rated countries (including the United States) are all at risk of rising debt costs and will be forced to enact austerity policies that would result in higher debt costs.
If you don’t want to listen to Moody’s, perhaps you should listen to the man who has been dubbed the world’s top trends researcher. Gerald Celente, the CEO of Trends Research Institute, believes we are on the verge of entering “The Greatest Depression.” He provides a very bleak picture of America’s future that is both terrifying and sobering.
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It would be easy to dismiss Celente’s predictions as the babbling of yet another useless “talking head,” yet he has been dead-on correct time and time again in the past. Given Celente’s impeccable track record, what he predicts for America’s future is terrifying….
This is a difficult subject because individuals either refuse to believe it or are unable of comprehending what is being said due to a lack of understanding. When you realize that our government can only exist on debt/credit, not physical dollars, you realize that the United States is nothing more than a massive Ponzi scheme predicated solely on our ability to borrow money. Our position as the world’s reserve currency
According to the government, there are ten trillion dollars in the US banking system that we can easily remove. How can that be accurate when there is only 1.4 trillion dollars and coins in circulation, and more than half of that is outside the United States? This does not include the tens of trillions of dollars owed to foreign nations who have bought our debt. If all of our creditors came together and demanded payment at the same time, there would be less than $1 for every $1000 owing. The global economy is on the verge of collapsing. This is how all great empires founded on fiat currencies end. My wife and pals, for example, have no idea what’s coming.