GOTTA BE TRUE ITS OUR CIA for gosh sakes ...............
According to CIA economic experts Jim Rickards & Gerald Celente , a “25-year Great Depression is about to strike America.”
This isn’t some crackpot figure claiming there will be a 25 year depression, but a prominent investment banker, hedge fund manager, and CIA insider.
Rickards has also helped track down terrorist insider trading post-9-11.
In the interview, he said:
“Everybody knows we have a dangerous level of debt. Everybody knows the Fed has recklessly printed trillions of dollars. These are secrets to no one. But all signs are now flashing bright red that our chickens are about to come home to roost.”
He shared some dangerous signals that we are about to enter a depression. One of the key signals he identified, and that the CIA is most worried about, is the so-called Misery Index.
The Misery Index combines the true inflation rate with the true unemployment rate.
Why don’t you hear about this in the mainstream news? It is because the Federal Reserve has repeatedly changed how the Misery Index is calcuated.
Rickards believes that the way the Misery Index is being calculated is being used to hide the true state of the economy.
He said:
“Today you rarely hear the government talk about the Misery Index with the public. The reason is they may not want you to know the truth. And the truth is, the Misery Index has reached more dangerous levels than we saw prior to the Great Depression. This is a signal of a complex system that’s about to collapse.”
Rickards specifically pinpointed how he thought the crash will come about:
“I expect the first phase will appear as a nearly instantaneous 70% stock market crash. From the outside, nobody will see it coming. Once it becomes clear that it’s not a flash crash – it’s a systemic meltdown in the economy itself, that’s when the gravity of the situation will sink in. And there will be no digging out from it. $100 trillion is a conservative estimate for the damage. A lot can happen over 25-years as our country struggles to recover from this.”
There you have it. A CIA economic expert reveals how he thinks a 25 year depression is about to hit America. Jim Rickards can’t be dismissed as a crackpot. So what do you think will happen to the country’s economic situation over the next 25 years?
How to Prepare for an Economic Depression: Gerald Celente PREDICTS The Worst Great Depression In The History
I think we’re in an economic depression.
Don’t believe me? Consider the fact that more than 100 million Americans are on some sort of government food assistance right now. If EBT cards didn’t exist, just imagine how long the soup lines would be!
I write more on how I’m preparing for an economic .
In this post I want to share with you the recommendations of Nicole Foss, an acclaimed finance, energy, and preparedness analyst who believes we are headed towards a deflationary spiral. Yes, the time to prepare is still NOW.
How to Prepare for an Economic Depression
According to Nicole Foss, the 9 steps to take to prepare for an economic depression are:
1) Hold no debt (for most people this means renting)
2) Hold cash and cash equivalents (short term treasuries) under your own control
3) Don’t trust the banking system, deposit insurance or no deposit insurance
4) Sell equities, real estate, most bonds, commodities, collectibles (or short if you can afford to gamble)
5) Gain some control over the necessities of your own existence if you can afford it
6) Be prepared to work with others as that will give you far greater scope for resilience and security
7) If you have done all that and still have spare resources, consider precious metals as an insurance policy
Be worth more to your employer than he is paying you
9) Look after your health!
1) I don’t care if you want to start a business, go to college, or buy a house- “debt is not a tool!” Pay off your debt and do not take on new debt no matter how low interest rates may appear to be. It took us 4 years but we got rid of our mortgage and paid off $60,000 worth of debt. We may not have a fancy house or nice cars but we are better off than 90% of the Americans out there.
You mean renting is better than having a mortgage?? Yes. According to Foss,
There is no safe level of debt to hold, including mortgages. For those who are not able to own a home outright, most would be much better off selling and renting, as real estate becomes illiquid faster than almost anything else in a depression. By the time you realize that you need to sell because you can no longer pay the mortgage, it may be too late. Renting is essentially paying someone else a fee to take the property price risk for you, which is a very good bet during a real estate crash.
2) In an economic depression, “cash is king” as average joes like you and I will not be able to depend on credit to get the things we need. Instead of focusing on debt and credit, pay attention to your liquid assets. What are liquid assets?
Be cautious holding short-term treasuries though. The Federal government defaulting on its promises is not as far-fetched as one may think.
3) Our banking system is in trouble and worse, is based on fractional reserve banking. Don’t think bank runs can’t happen- they can. Proceed with caution.
4) This piece of advice is applicable in a pure deflationary scenario only. While the point of this article is how to prepare for a deflationary depression, predicting future economic conditions is difficult; diversifying may still be wise.
5) Foss talks about stockpiling the basics and items like solar cookers and water filters but we’re taking this step a bit farther. We hope to have a paid-for homestead, full garden, and farm animals for independent food security as much as possible. After that, we plan on experimenting in solar power and off-grid living arrangements (composting toilets, etc.)
6) In my opinion, this is the hardest to achieve but probably the most rewarding piece of advice to follow. If times get tough, you’re gonna want like-minded people to work, trade, and barter with. Don’t rely too much on internet “prepper groups.” Instead you’re going to turn to family members and friends you already know and trust. Invest in relationships with people who actually live near you and will be able to physically lend a helping hand when you need it.
7) For those who wish to preserve their wealth, investing in precious metals is an option but like everything, comes with its own risk.
Do you think you’re worth more than your getting paid? That may be a good thing. Employers are strapped for cash and as the economy gets worse, you may NOT want to be the highest paid employee on the payroll, if you know what I mean.
9) My family’s health is something I’ve been focusing on since we became debt-free. I think proper nutrition is paramount and follow the principles of the Westin A. Price Foundation. I strive to cook traditional foods using traditional preparation methods. We try to eat organic, non-GMO, local foods as much as possible.
As with everything, do your own research and come to your own conclusions. But why
Even Donald Trump Is Warning That An Economic Collapse Is Coming- The U.S. Economy Should Be A Huge Wake Up Call For All Of Us. Prepared For The Coming Economic Collapse And The Next Great Depression
In a shocking new interview, Donald Trump has gone farther than he ever has before in discussing a potential economic collapse in America. Using phrases such as “you’re going to pay $25 for a loaf of bread pretty soon” and “we could end up being another Egypt”, Trump explained to Newsmax that he is incredibly concerned about the direction our economy is headed. Whatever you may think of Donald Trump on a personal level, it is undeniable that he has been extremely successful in business. As one of the most prominent businessmen in America, he is absolutely horrified about what is happening to this nation.
Trump says that the U.S. government is broke, that all of our jobs are being shipped overseas, that other nations are heavily taking advantage of us and that the value of the U.S. dollar is being destroyed. The following interview with Trump ….
Now, you may or may not think much of Donald Trump as a politician, but when a businessman of his caliber starts using apocalyptic language to describe where the U.S. economy is headed perhaps we should all pay attention.
The following are 12 key quotes that were pulled out of Trump’s new interview along with some facts and statistics that show that what Trump is saying is really happening.
#1 “If oil prices are allowed to inflate and keep inflating, if the dollar keeps going down in value, I think there’s a very distinct possibility that things could get worse.”
Donald Trump is exactly right – we are headed for big trouble if we continue to allow the Federal Reserve to pump hundreds of billions of new dollars into the system. As I have written about previously, all of this new money will give us the illusion of short-term economic growth and it will pump up the stock market, but in the end all of the inflation the new money is gong to cause is going to be very painful. Just look at how rapidly M1 has been skyrocketing over the last couple of years. Is there any way that we are going to be able to avoid paying a very serious price for all of this reckless money printing?….
Already all of this money printing has had a very serious affect on world financial markets. The price of agricultural commodities is skyrocketing and the price of oil has almost reached $100 a barrel once again. The last time that the price of oil soared above $100 a barrel was in the early part of 2008, and we all remember the horrific financial collapse that followed in the fall of 2008.
#2 “….you’re going to pay $25 for a loaf of bread pretty soon. Look at what’s happening with our food prices. They’re going through the roof. We could end up being another Egypt. You could have riots in our streets also.”
The price of corn has risen 88 percent over the past year and the price of wheat has soared a whopping 114 percent over the past year. Let’s hope that we don’t have to pay $25 for a loaf of bread in the United States any time soon, but in some areas of the world that is what it now feels like.
Approximately 3 billion people in the world today live on the equivalent of $2 a day or less, and most of that money ends up getting spent on food. When food prices go up 10 or 20 percent in deeply impoverished areas of the globe, suddenly the lives of millions are threatened. The riots that we have seen in Egypt, Algeria, Tunisia and other nations recently were not entirely caused by rising food prices, but they were certainly a big factor.
A grand encyclopedia of country Carnivore’s Bible , weather wisdom,country remedies and herbal cures, cleaning solutions, pest purges, firewoodessentials, adobe making and bricklaying, leather working, plant dyes, farmfoods, natural teas and tonics, granola, bread making, beer brewing andwinemaking, jams and jellies, canning and preserving, sausage making and meatsmoking, drying foods, down-home toys, papermaking, candle crafting, homemadesoaps and shampoos, butter and cheese making, fishing and huntingsecrets, and much more. Carnivore’s Bible : Traditional Skillsfor Simple Living
#3 “I think gold will go up as long as people don’t have confidence in our president and our country. And they don’t have confidence in our president.”
Investors run to gold and other precious metals when they don’t feel secure. We saw that happen a lot in 2010. As confidence in the paper currencies and the financial systems of the world has rapidly diminished, precious metals have become increasingly attractive.
In fact, the price of gold has doubled since the beginning of the economic downturn in 2007. As the global financial situation continues to become more unstable, the demand for precious metals is likely only going to become more intense.
#4 “The banks have really let us down. Number one, they did some bad things and caused some bad problems. Number two, if you have something that you want to buy, like a house, they’re generally not there for you.”
As A Way To Introduce You To Skilled Survival, We’re Giving Away Our ‘Family First’ Food Planning Guide. Click Here To Get Your Copy.
Banks were given massive bailouts with the understanding that they would open up the vaults and start lending money to average Americans again.
Well, that has not happened
LOT MORE!!!!!!!!!!!!!!
http://www.investmentwatchblog.com/cia-economic-experts-of-a-disaster-that-would-make-the-great-depression-seem-harmless-how-to-prepare-for-great-depression-in-the-history/
Realist - Everybody in America is soft, and hates conflict. The cure for this, both in politics and social life, is the same -- hardihood. Give them raw truth.
| 
