Dec
28

One of the World’s Top Investors Warns of the Coming Economic Collapse

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Preparing for Economic CollapseJim  Rogers, one of the world’s top investors, is warning that we’re heading towards an economic crisis that will make the 2008 crisis look like a walk in the park.

In an interview with CNBC this week, the infamous investor said it all comes down to debt. Our country is borrowing somewhere around a trillion dollars a year, and it doesn’t take a super investor to figure out what’s coming.

The U.S. is sitting at $17 trillion in debt with over $120 trillion in unfunded liabilities; one way or another the country is heading for a disaster.  If you haven’t started preparing for what’s coming, you might want to listen to Roger’s advice.

As Rogers said in his interview with CNBC, “eventually the world is going to collapse” and “this is going to end badly.” And he’s right; the whole system is basically one big Ponzi scheme, and like all Ponzi schemes this one must come to an end as well.

Like we pointed out yesterday, our government is in the middle of yet another fake budget battle. Because of this, the threat of another partial government shutdown is looming, and when it comes, it’s only going to add more instability to an already unstable market.

It’s going to be worse than the Great Depression

Although the media tries to paint a rosy picture, the fact is, if we measured unemployment the way they did during the 1930s, today’s real unemployment numbers are much worse than they were during the Great Depression.

Since 2001, our country has lost 5.1 million manufacturing jobs – 2.7 million of those jobs were lost to China. Not only has China become the number one buyer of U.S. debt, but they’ve destroyed what was once the largest manufacturing base in the world. This country is never going to get those jobs back!

Depression means economic crisis

Full Story Here

Filed under Economic Preparedness   Posted by: тур в болгарию летомдешевая посуда в спбпродвижение брендаадвокаты украины список

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