RIP GREECE – How a Global Economic Collapse has started and what you should be doing!
By Bob Rodgers
PreppersWill.com
Monday, July 6, 2015
Although I’m not a financial expert, I like to think of myself as an informed person who knows a thing or two about how the economy works and how it affects us all. While we were celebrating the 4th of July, at the other end of the world, the Greeks were digging their grave. According to partial official results, over 61% of Greek voters voted “No”, rejecting the creditors’ reform proposals. This has already caused a chain reaction on the stock markets and it’s just the beginning.
The most important European shares fell 1.7% in the first moments of the session today. European banks were hit the worst, with the banking index falling by 2 – 4%. US stocks are also affected and they opened today with a slight decrease and according to financial experts the market will keep a descending trend.
Although the “no” vote will have a huge impact in Greece and a major ripple effect in Europe, many financial experts are trying to reassure us that the problems Greeks are facing will have only a little impact in the United States.
I don’t know how it is for you, but I have the feeling we are being fed a bunch of BS considering that the US Debt is more than 18 trillion dollars and is constantly raising. Not to mention that child birth rate is decreasing all over US and this means we will have fewer people working and a greater share of the population relying on safety-net programs such as Social Security and Medicare.
If you add up the fact that we own China more than a trillion us dollars and they have been for a few years the country with the fastest growing army (they are spending big and their military personnel are constantly growing) you can connect the dots and realize that US will have to pump more money in the Army to keep up. And while China’s military is growing, America’s is shrinking due to the defense budget cuts and the entire economy is affected.
Not to mention, we have some other hyenas waiting to feast on our vulnerabilities:
We have North Korea who keeps improving and developing its nuclear program, all under the harsh control of its crazy-infatuated leader. And he’s like a mentally challenged kid playing with fire, risking burning everything around him.
And we have Russia and Putin, who tries to provoke us (the number of US airspace breaches by Russian planes is becoming a “normality”) with every occasion and show us he doesn’t give a sh*t about US and its allies. Today we are moving troops and war machines in countries near Ukraine just to show this lunatic the world’s not his playground.
We are spending money just to make sure Kim-Jong-un and Putin are not breaking their leash.
Oh! And I almost forgot to mention about the big US companies who are keeping their money in off-shores just to avoid paying taxes, another element that is screwing up our economy.
The Rest…HERE
