March 15, 2012
Economic Collapse Coming
In a recent CNBC interview with Billoinaire Donald Trump, he made the statement that our economy is positioned for a "massive inflation" and warned investors to do what they must to protect themselves. He also pointed out that the unemployment figures of 8.3 percent are incorrect and told investors not to trust official government statistics. As far as the real unemployment numbers, Trump said, “It’s over 20 percent. It’s not 8.3 percent,”
According to Newsmax, "Trump also thinks skyrocketing oil prices will cripple the U.S. economy. “Right now, [oil] is at an all-time record for this time of the year, in the summer they predict $5 gasoline, maybe $6.”
But Trump isn’t the only expert warning the U.S. economy may go off the cliff. Robert Wiedemer, author of the New York Times best-selling book Aftershock, stated in a recent interview, “The data is clear, 50% unemployment, a 90% stock market drop, and 100% annual inflation . . . starting in 2012.”
Just to gain perspective, unemployment hit a high of 24.9% during the Great Depression. The one obvious difference between then and now is that when unemployment reached 15%, they knew they were in deep trouble. The Great Depression began in 1929. The entire world suffered an unprecedented rise in unemployment. Unemployment remained above 20% for two more years, declining to 14.3% by 1937, then leaping to 19% before its final decline. Economic output (real GDP) fell by 29% from 1929 to 1933 and the US stock market lost 89.5% of its value
Here we are at 20% and we find it easier to believe the 8.3% lie, than to face that we too are in "deep trouble".
Another difference is that back in the 1930's, most people had a small garden and everyone knew how to hunt or raise food. Now days, the only thing your neighbors know how to do is to come knocking at your door. This could have the perfect storm that many Preppers are getting ready for - a total economic collapse.
Many Preppers have been preparing for just such an event. Perhaps this is just another false alarm. We've been close to such a collapse several times in the past, but how many more times will we skirt this close, or is this the catalyst that will bring about sudden Doom?
No one can answer this with absolute acuracy. But it does raise two questions...
Are you ready? - & - Are you prepared?
If not, it might be a good time to do so. This is why we are working over-time to bring you the SGT Prepper Market. And as always,
"Be ready - Be prepared".
Labels: Impending DOOM