Shocking video of the imminent economic collapse and the next Great Depression. Unfortunately, we have witnessed a dramatic shift in recent months, and we just got some more really bad economic numbers. Thanks to those bad numbers and an increasing amount of anxiety about the trade war, the Dow Jones Industrial Average crashed 900 points last week. That means that we are on pace to potentially see the Dow crashing for a sixth week in a row, and that is something that hasn’t happened since the last economic crisis and stock market crash.
But right now investors are far more spooked about what is going on in the bond market. According to Mish Shedlock, we haven’t seen this many yield curve inversions “since the start of the last economic collapse”… On Friday, US Treasury yields plunged at the mid to long end of the curve providing the most inversions since the start of the Great Recession. Recent data points suggest US earnings and economic risk is greater than most investors may think,” wrote Michael Wilson, the firm’s chief U.S. equity strategist.This is the biggest recession warning since 2007. In so many ways, what we are witnessing at this moment is very reminiscent of the conditions that prevailed just prior to the last financial collapse.
Back then, the economic numbers were definitely starting to slide, but most Americans didn’t think that we were heading toward the next major stock market crash and economic meltdown. But those that understood what was happening were sounding the alarm, and the same thing is happening today.
A resolution to our trade war with China would be a huge economic boost in the short-term, but that is not likely to happen for the foreseeable future. In fact, on Monday President Trump stated that he is “not ready” to make a deal with China. And the Chinese are clearly digging in as well. The chief editor of the Global Times, Hu Xijin, has a very close relationship with top Chinese officials, and he just warned that China “is seriously considering restricting rare earth exports” to the United States. A deteriorating relationship with China is part of the scenario that we have been anticipating, and events are definitely starting to accelerate now. For most Americans, however, there is no reason to be concerned. Most of us simply trust that our leaders in Washington have things under control and that everything will work out just fine somehow.
But if we do plunge into another deep economic crisis, many Americans will be in enormous trouble right away. Just like last time around, most Americans are living on the edge financially.
And just like last time around, millions of Americans will be completely blind-sided by an economic train wreck that they didn’t see coming.
America is headed for a day of reckoning, and author Michael Snyder is sounding the alarm. His novel about the future of America entitled "The Beginning Of The End" and his best-selling book about the end times entitled "The Rapture Verdict" are both available on Amazon.com.
Michael Snyder's author page:
The Beginning Of The End:
The Rapture Verdict:
Get Prepared Now:
Living A Life That Really Matters:
Music:
CO.AG Music
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