The Otium Post

The Otium Post


Dollar Crash - Global Meltdown Coming 2015

USA Economic Collapse – Dollar Crash Coming – Global meltdown! Fall of America – Economic Collapse – Global Meltdown Coming 2015 Prepare!

Wednesday, May 6, 2015 11:27

Economic Collapse

USA Economic Collapse – Dollar Crash Coming – Global meltdown! Fall of America- Global Meltdown Coming 2015 Prepare!

Predicted list of world economies following the dollar crash:

This depression was not only an economic catastrophe, it was social and political catastrophes as well. Its origins then were a mystery and even now among the general public are not clear.Terrible conditions which occurred in the United States and the rest of the world in the 1930’s are known as the Great Depression.
The lessons we never learned from the Great Depression of the 1930s…
How to prosper in hard times
How to prepare for the coming depression…
What would it mean?
The collapse of the US dollar could mean the plunging of the world into a repeat of the 1930s
Great Depression. Nations will not be able to trade sufficiently causing them difficulty in servicing their debts and hence forcing them into bankruptcy. Countries whose entire economies depend on the dollar like Australia, New Zealand and Canada will also be forced to collapse. Asian economies that have, for years depended on the US dollar in trade will be severely affected although they will be able to bounce back after a while, but not before suffering great loss.

The health sector will suffer an immense blow as people will not be able to afford proper health services in addition to the countries’ inability to provide them’. The number of people living in poverty will increase worldwide, most especially in the US, which goes without saying. This would then result in an increase in crime rates as people struggle to survive in the ensuing economic crisis. The US will be knocked way down to a third world country and lose its status as a superpower.
Global currency reserves will then be entirely converted to an alternative, more stable currency like the Euro, which comprises less than 30% of the reserves.
CIA Advisor: 25-Year Depression is About to Strike America

The Crisis Is Imminent: “When The Real Crash Comes It Will Be Worse Than the Great Depression”

“The United States is like the Titanic, and I’m here with the lifeboat trying to get people to leave the ship… I see a real financial crisis coming for the United States.”

Peter Schiff August 2006

In 2006, when he faced off with many well known Titans of investing and warned of an impending financial disaster and economic collapse, Peter Schiff was laughed at by his colleagues. He urged Americans to exit financial markets and take steps to protect themselves before the wealth held in their savings accounts, retirement investments and real estate was wiped out. Few listened. We know what happened next.

Now, those same financial experts who publicly vilified Schiff for his predictions six years ago are at it again. Many, including our politicians, central bankers and leading economists, have unequivocally stated that the worst is behind us, and that a global recovery is on the horizon.

Once again, Peter Schiff disagrees:

“I think we are heading for a worse economic crisis than we had in 2007,” Schiff said.  “You’re going to have a collapse in the dollar…a huge spike in interest rates… and our whole economy, which is built on the foundation of cheap money, is going to topple when you pull the rug out from under it.” Schiff says that, despite “phony” signs of an economic recovery, the cancer destroying America stems from a lethal concoction of our $16 trillion federal debt and the Fed’s never ending money printing.

According to Schiff, these numbers are unsustainable. And the Fed has no credible “exit strategy.” Eventually interest rates will rise… and when they do, Schiff says, stocks will tank and bonds dip to nothing. Massive new tax hikes will be imposed and programs and entitlements will be cut to the bone.

“The crisis is imminent,” Schiff said.  ”I don’t think Obama is going to finish his second term without the bottom dropping out. And stock market investors are oblivious to the problems.”

“We’re broke, Schiff added.  ”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.”

“The Fed knows that the U.S. economy is not recovering,” he noted. “It simply is being kept from collapse by artificially low interest rates and quantitative easing. As that support goes, the economy will implode.”

A noted economist, Schiff has been a fierce critic of the Fed and its policies for years. And his warnings have proven to be prophetic. His recent warnings, however, have been even more alarming.  Will they also prove to be true? In his most recent book, “The Real Crash” How to Save Yourself and Your Country“, Schiff writes that when the “real crash” comes,” it will be worse than the Great Depression. Unemployment will skyrocket, credit will dry up, and worse, the dollar will collapse completely, “wiping out all savings and sending consumer prices into the stratosphere.”

“All we can do now is prepare for the crash,” Schiff said. “If we brace ourselves properly and control the impact, we will survive it.”(source)




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