When the NY Post Starts Talking About Economic Collapse, You’d Better Pay Attention
by Daisy Luther
TheOrganicPrepper.com
September 24, 2018
I was skimming the headlines in my newsfeed when I came across something that made me do a doubletake. Not because of what it said, but because of where it was from.
Next crash will be ‘worse than the Great Depression’
That sure sounds like something written by my friends over at The Economic Collapse Blog or SHTFplan, but it wasn’t. It was published on the NY Post, a tabloid website owned by Rupert Murdoch that tends to focus more on celebrity gossip and headlines like “Sex assault eyed after turtle is discovered in woman’s vagina.”
But there it was, 600 or so words citing economic doomsday experts like Peter Schiff.
They warned that debt will be what leads to the next crash.
The article began by discussing the banker-fueled crash of 2008 when easy credit led to a financial bloodbath from which many families never recovered. Then they cited the astronomical global debt of $247 trillion as the crux of our pending economic disaster.
“We think the major economies are on the cusp of this turning into the worst recession we have seen in 10 years,” said Murray Gunn, head of global research at Elliott Wave International.
And in a note, he added: “Should the [US] economy start to shrink, and our analysis suggests that it will, the high nominal levels of debt will instantly become a very big issue.” (source)
Indeed, preparedness bloggers and current events commentators have been warning of this for years. As store after store closes its doors for good in America and nearly half of the families in the country can’t afford necessities like food and rent, this pre-collapse era has been well-documented.
The Rest…HERE
