"Is the United States about to experience another major economic downturn?," Michael T. Snyder asks. Yes, it's quite possible that we will see more mega-crashes like the Panic of September 2008 and the Crash of 1929. But as Michael has said in various columns, the country's economic problems must be viewed in the context of a long-term decline. I agree with that analysis. When I say that The Banana Republic of America is now a Third World hellhole, I don't think the BRA will suddenly turn into Haiti overnight. The decline won't be THAT dramatic, although it will be absolutely hell for millions of Americans. In some upscale places (Manhattan's Upper West Side, Rittenhouse Square in Philly, Beverly Hills), the rich will continue to live well. But most of the American middle class will be wiped out, and millions of Americans will find themselves living in shantytown slums just like the ultra-poor in Guatemala, Honduras or Bolivia.
"We're broke. We owe trillions. Look at our budget deficit, look at the debt to GDP ratio, the unfunded liabilities. If we were in the Eurozone, they would kick us out.”—Peter Schiff
“The crony capitalists are imploding the economy.”—Alex Jones
“The elite think of us as dumb animals who are infesting the earth and eating up their resources. So they’re going to use computers and robots to track and trace and socially engineer us to make us pliable and submissive so we can then be exterminated.”—Alex Jones
“What we’re looking at is a total meltdown of society as we know it. It’s going to be so scary.”—Retired police officer turner trucker/prepper Martin Colville, profiled on “Doomsday Preppers”
“Suppose, 300 million people can’t get their money out of the banks? Suppose there’s a bank holiday and you can’t get your dough out? Do you want to see chaos like we’ve never seen before? It’s going to be coming to a city and a town near you if the trends are allowed to continue the way they are going.”—Gerald Celente
“This is the most dangerous time in human history for capital, in my opinion. The biggest jurasdiction that I avoid is the U.S. The U.S. will be Ground Zero for this economic collapse. We have to get as far as we can from the U.S. This collapse is going to be messy.” —Jeff Berwick, founder of The Dollar Vigilante
“Debtism has replaced both socialism and capitalism. We now live in the age of debtism, which is an extension of the Middle Ages or Dark Ages.”—Max Keiser
“We are in a neo-feudal global economy, where the vast majority of people are toiling away as debt serfs to the central banks and their cronies.”—Charles Hugh Smith
“When the dollar goes, the power goes. The only way we can function now is because the dollar is the world’s reserve currency. We can pay our bills by printing money. No other country can do that. But when the dollar goes, we can’t pay our bills—and it’s all over. The country’s bankrupt.”—Dr. Paul Craig Roberts
So preppers are wise to be prepping. For the BRA's collapsing, dying middle class, there will be no economic recovery—only misery, hunger, crushing poverty and servitude. There will be no happy ending for the rotting, decaying, festering Third World stinkhole known as The Banana Republic of America. God help us. El Pollo de Oro
"We're broke. We owe trillions. Look at our budget deficit, look at the debt to GDP ratio, the unfunded liabilities. If we were in the Eurozone, they would kick us out.”—Peter Schiff
“The crony capitalists are imploding the economy.”—Alex Jones
“The elite think of us as dumb animals who are infesting the earth and eating up their resources. So they’re going to use computers and robots to track and trace and socially engineer us to make us pliable and submissive so we can then be exterminated.”—Alex Jones
“What we’re looking at is a total meltdown of society as we know it. It’s going to be so scary.”—Retired police officer turner trucker/prepper Martin Colville, profiled on “Doomsday Preppers”
“Suppose, 300 million people can’t get their money out of the banks? Suppose there’s a bank holiday and you can’t get your dough out? Do you want to see chaos like we’ve never seen before? It’s going to be coming to a city and a town near you if the trends are allowed to continue the way they are going.”—Gerald Celente
“This is the most dangerous time in human history for capital, in my opinion. The biggest jurasdiction that I avoid is the U.S. The U.S. will be Ground Zero for this economic collapse. We have to get as far as we can from the U.S. This collapse is going to be messy.” —Jeff Berwick, founder of The Dollar Vigilante
“Debtism has replaced both socialism and capitalism. We now live in the age of debtism, which is an extension of the Middle Ages or Dark Ages.”—Max Keiser
“We are in a neo-feudal global economy, where the vast majority of people are toiling away as debt serfs to the central banks and their cronies.”—Charles Hugh Smith
“When the dollar goes, the power goes. The only way we can function now is because the dollar is the world’s reserve currency. We can pay our bills by printing money. No other country can do that. But when the dollar goes, we can’t pay our bills—and it’s all over. The country’s bankrupt.”—Dr. Paul Craig Roberts
So preppers are wise to be prepping. For the BRA's collapsing, dying middle class, there will be no economic recovery—only misery, hunger, crushing poverty and servitude. There will be no happy ending for the rotting, decaying, festering Third World stinkhole known as The Banana Republic of America. God help us. El Pollo de Oro
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