Preparing for What is Coming
August 22nd, 2013
The signs that a SHTF event is headed to the U.S. have become so overwhelming that I felt a responsibility to write this. In this article, I will talk about economic warning signs that are signaling a collapse. I will touch on the recent government activity that hints they are preparing for something big. I’ll talk about the reality of what might happen in a true crash, and finally provide some basic steps you can take to quickly prepare for what is coming.
Economic Warning Signs
There are so many economic indicators signaling that a crash could be headed our way that I couldn’t possibly begin to cover them in one article. Here are 3 of the major ones.
Interest Rates – The Federal Reserve has been printing money and using it to buy $85 billion dollars worth of government bonds per month. Doing this has artificially kept interest rates low, delaying the complete collapse of our economy. However, many signs indicate that the Federal Reserve is simply inflating the bubble before it bursts. Even mainstream media admits the bubble may already be starting to burst. Regardless of when it happens, a rapid increase in interest rates will likely result. Such an increase would be catastrophic for the economy.
Debt – We have a global debt crisis on our hands the likes of which has never been seen before. We all have seen what happened in Greece, but what happens when bigger countries like the United States can’t pay their debt back? Many experts agree that defaulting on U.S. national debt would be disastrous. The dollar could lose its reserve currency status and rapidly devalue, causing an inflationary collapse.
The scariest part about the debt crisis to me is that there really is no solution to it. Raising taxes and implementing drastic spending cuts would only begin to scratch the surface of our debt problems.