Economic Crash Predictions — How Globalists Plan to Use Covid to RESET the World Economy

> Economic Collapse > Economic Crash Predictions — How Globalists Plan to Use Covid to RESET the World Economy

No more are the days of politicians assuring Americans our economy will “bounce back” after COVID-19. Now, the language is all about an economic “reset.” Specifically, the World Economic Forum released its plans for a global reset, which includes a change in capitalism with a “focus to shift from short term and profit only to longer term, incorporating value creation for people and the planet.”

How Globalists Plan to Use Covid to RESET the World Economy

In response to unprecedented economic collapse brought on by the government’s nonsensical response to the coronavirus pandemic, the powers in Washington have decided that the Federal Reserve’s ability to create money out of thin air is a sufficient substitute for an actual economy. Few in power are showing the slightest concern regarding the nearly $4 trillion in new debt that has been added to the Fed’s balance sheet so far in 2020 (equal to the entire amount added in the 2008-2012 financial crisis). But the recent steady declines in the dollar since the Spring show that the buck is not immune to the monetary and fiscal insanity in Washington. The trends are making a big impact on investment performance.

This is was the average GDP growth of the global economy in 2019 (3.1%)
This is the GDP drop we saw during the financial crisis of 2008.
This is the GDP drop that we saw during the worst parts of great depression.
And THIS is what the economic darling of Singapore had just gone through in the last 3 months alone.
A 41.2% drop in GDP was the largest plunge of a major economy since…
The UK had a 19.1% GDP plunge that was reported just a few weeks ago.

And Canada having nearly a 19% plunge with that number expected to be even worse as more economic data is reported.

And those are just some of the countries that have reported some economic data in the last 3 months. Countries like the united states, haven’t reported their numbers recently.
But regardless, what has amazed me is that just 5 months ago, economists and investors were worried about if we would see a 1% growth rate in a quarter, versus a 1.2% growth rate in a quarter. And that small 0.2% difference in GDP would have a tangible effect on things like the stock market, interest rates, and real estate.
And yet, these 19 to 40% plunges that we are seeing are being completely written off by investors. I mean, since march 23rd, the stock market has risen by more than 44%.
So why is this all happening? And what will we see going forward? Well, this is what I like to call the economic waterfall.

Peter Schiff | Endgame for the Dollar: Government Tries to Replace the Economy with Printing Press

You see. The economy is like a bunch of different ships that are floating along different points of a river. Meaning that not all aspects of the economy will reach the end of the river and go over the waterfall at the same time.
For example, the financial crisis of 2008 actually started in 2006. You see,2006 was actually when the real estate bubble began to burst. That is when we started seeing the rapid increase in mortgage delinquency rates, and foreclosures on homes.

However it wasn’t until mid 2007, that we started to see the first bankruptcies from the financial crisis.
And then finally in 2008 after years of poor economic indicators from the financial sector and the real estate market… we finally saw the stock market crater, and unemployment numbers skyrocket.
All this means is that certain parts of the economy reached the end of the river and fell over the waterfall at different times. And we are seeing something similar today, just at a much more rapid pace.

In March we began to see the slowdown in manufacturing, and the increase in unemployment.
In April and May we saw the top lines and bottom lines of businesses begin to be dramatically affected.
And in June and July, we have now started to see one of the worst economic indicators go off the waterfall, and that is bankruptcies.
You see, when businesses began to lose their revenue in April, we started seeing those same businesses burn through their savings, and simultaneously take out loans in order to get through these troubling times.
But after months of businesses like restaurants, hotels, and travel companies seeing their revenue being 30% or less of what it once was, we began to see many of these companies run out of money and declare bankruptcy.

And What’s frightening is how quicky these bankruptcies have been accumulating.

You see, In April of this year, bankruptcies were actually down by about 40% compared to average over the last several years. but now we have seen back to back months in May and June where their are 50% more bankruptcies than normal.
In fact, we have just started to see the very beginning of this bankruptcy surge, yet it is already the worst we have seen since the financial crisis.
So who is going bankrupt? Well here are some of the biggest name brands that you might know.

One of the largest Franchisee’s in the world…NPC international…who runs over 1200 pizza hut’s and 400 wendy’s…has recently filed for bankruptcy, citing that they have become unable to make payments on their $1 billion dollars worth of debt because of the loss of revenue from the lockdowns.
Hertz which is a car rental company that was once worth over $20 billion dollars, recently filed for bankruptcy with 25 billion dollars in assets.
Latam airlines is another multi billion dollar company that has declared bankruptcy.

There’s also, Neimann Marcus, which is actually owned by the canadian government, but that’s a whole different story.

Society as we know it will break down and collapse . While it can be accelerated by certain events like war, a natural disaster, pandemic, terrorist attack, or even an impending asteroid impact, history has shown that economic collapse will essentially happen . To survive the collapse, it is important to read and interpret the signs and understand what assets are important to the current situation so you can be prepared for the worst.
As we noted last week, one of the biggest problems for the Central Banks was physical cash.

‘The financial system is predominantly comprised of digital money. Actual physical Dollars bills and coins only amount to $1.36 trillion. This is only a little over 10% of the $10 trillion sitting in bank accounts. And it’s a tiny fraction of the $20 trillion in stocks, $38 trillion in bonds and $58 trillion in credit instruments floating around the system.
If a significant percentage of people ever actually moved their money into physical cash, it could very quickly become a systemic problem.

Because of this, Central Banks and the regulators have declared a War on Cash in an effort to stop people trying to get their money out of the system.

One policy they are considering is to put a carry tax on physical cash meaning that your Dollar bills would gradually depreciate once they were taken out of the bank. Another idea is to do away with actual physical cash completely.

Perhaps the most concerning is the fact that should a “systemically important” financial entity go bust, any deposits above $250,000 located therein could be converted to equity… at which point if the company’s shares, your wealth evaporates.’

This video explains the steps one should take to prepare for an Economic Collapse

It is Going to Get Worse

The total collapse of the economy begins after a significant and prolonged decline. The government implements price controls.The government begins to print currency to pay its bills and support the tens of millions on public assistance. Inflation increases even more and unemployment exceeds 25%. Banks and businesses fail at ever increasing rates. Nobody seems to have any money. Labor unions instigate strikes, civil unrest, and large scale riots. Government services are interrupted and unreliable. Local and national infrastructure is in decay. Violent gangs begin to appear and assert themselves. The government begins confiscation of firearms from law abiding citizens. Violence is everywhere. Cities and urban areas become very dangerous places to live.

Prioritary steps to take :

Gold and Silver coins
Cash
Plans to relocate to a secluded rural hideaway
Small livestock – chicken, rabbit, fish…
Job
Automobile
Home
Short term food supplies
Short term fuel stores
Firearms and ammo
Survival knowledge and skills

The Decay Begins
The biggest bank in Norway is calling for the complete and total elimination of cash. Many local bank branches in Norway already don’t deal in cash, but that is not good enough for DNB. They want a blanket ban on the use of cash, and they are selling this as a way to crack down on criminals and money launderers. But in the end, the truth is that they want to be able to force everyone in society to use the banks and it would enable them to collect fees on almost every transaction. It is an agenda that is being driven by greed, but it could also open the door for great tyranny. Unfortunately, we are not just seeing aggressive movement toward a cashless society in Norway. It is also happening in Sweden, in Denmark and in many other nations all around the globe. The Beast system is rising, and yet very few people out there even seem alarmed by this.

Prioritary steps to take :

Health Insurance
Lifestyle Image
Good Credit Rating for Debt Accumulation
Career
Home Value
Savings
Investments – Stocks and bonds

The Slippery Slope

The economy goes into a slow but steadily increasing decline. Unemployment is on the rise. Ever increasing numbers of people receive government assistance in one form or another. People are paid not to work. Government spending has increased dramatically. The price of gold, silver, and other precious metals rise to prices unheard of just a few years earlier. Inflation reaches the double digit levels.

Prioritary steps to take :
Elimination of debt
Health Insurance
Home Equity
Cash
Precious Metals, Gold and Silver coins
Job Stability
Automobile with good MPG
Gold is still expensive, but rising economic risks and market turmoil mean investors should buy it for insurance, Deutsche Bank said Friday.

The recovery since the global and European financial crises had put theprice of gold under some pressure. The yellow metal, which some analysts view as a safe haven or as a protection against rising inflation, typically underperforms during periods when the economy is growing or inflation is low. However, in a note issued Friday, the German Bank said economic signs are pointing in gold’s favor.

“There are rising stresses in the global financial system; in particular the rising risk of a U.S. corporate default cycle and the risk of a sharp one-off renminbi devaluation due to the sharp increase in China’s capital outflows,” Deutsche Bank added.”Buying some gold as ‘insurance’ is warranted.”

Word of the day: Prepare! And do it the old fashion way, like our fore-fathers did it and succeed long before us, because what lies ahead of us will require all the help we can get. Watch this video and learn the 3 skills that ensured our ancestors survival in hard times of famine and war.

Canadians Panic As Food Prices Soar

The currency’s decline is having a pronounced effect on Canadians’ grocery bills. As Bloomberg reminds us, Canada imports around 80% of its fresh fruits and vegetables. When the loonie slides, prices for those goods soar. “With lower-income households tending to spend a larger portion of income on food, this side effect of a soft currency brings them the most acute stress,” Bloomberg continues.

Of course with the layoffs piling up, you can expect more households to fall into the “lower-income” category where they will have to fight to afford things like $3 cucumbers, $8 cauliflower, and $15 Frosted Flakes. Have a look at the following tweets which underscore just how bad it is in Canada’s grocery aisles.

The Grab for Power

The collapse can transition to this stage at any time . Most of the middle class have lost everything. What used to be well manicured middle class neighborhoods are filled with the carcasses of empty houses damaged and destroyed by vandals. The power grid becomes unreliable. Rolling blackouts are a daily occurrence. Now the economy collapses. There is a rush for everything and the shelves go empty in a matter of hours. Society falls into chaos. The control of urban areas shifts when violent gangs takeover control of the streets and urban neighborhoods. Everything is in short supply and heavily rationed. Food and gasoline is very expensive and there are very long lines to get them when they are available. You will discover what it is to live in a third world country.

Prioritary steps to take :

Relocation to the rural hideaway
Firearms and ammo
Long term food supplies (1 year minimum)
Adequate fuel stores
Security plan to protect the group and assets
A working knowledge of survival gardening
Survival knowledge and skills

Once all of the above has come to pass, the realization of the current circumstances at this moment must be all too obvious. It is too late to prepare at this point. What you did not acquire earlier, you are not going to possess now. Anything of value necessary for your survival has already been claimed. The situation gets worse… much worse.

Freedom, Liberty, and Independence are Lost

The government implements martial law. Fighting between civilians and government forces break out nationwide. Maintaining more than a 30 day supply of food is considered hoarding food and is illegal. Severe poverty and starvation become a common sight. The government offers marginally acceptable food, water and shelter in exchange for your Freedom, Liberty, and Independence. A Totalitarian regime assumes power and the individual freedoms and liberties once enjoyed by the people are completely eliminated.

Prioritary steps to take :
A working and producing garden capable of feeding 150% of the group
A stable supply of clean water
Vegetable seeds for long term food production and barter
Rural Hideaway
Security plan to protect the group and assets
Living below the radar in a community
Firearms and the ability to use them
Survival knowledge and skills

As you can see, priorities change as the world changes. Your most prized assets of today – are no longer important after the economy collapses.

Would you be able to sustain your loved ones when all hell brakes loose?In this video, I will unearth a long-forgotten secret that helped our ancestors survive famines, wars, economic crises, diseases, droughts, and anything else life threw at them… a secret that will help you do the same for your loved ones when America crumbles into the ground.I’m also going to share with you three old lessons that will ensure your children will be well fed when others are rummaging through garbage bins. Click here to learn all about the 3 skills that will help you thrive in any crises situation.

History is littered with financial crises and other disturbing events resulting from reckless monetary policies
Thousands of years ago trade between people began through a system of barter. This method of payment was effective but very limiting. Trade could not occur unless both parties had the goods or services demanded by the other. If a metal smith, for example, did not need wheat, a farmer seeking a new sickle would have to find alternative goods or services to offer the metalsmith.
These limitations and the growing desires to conduct trade with parties over further distances required a more robust system. Accordingly, trade graduated from the barter system to that of a common currency. Aristotle stated the rationale for a common currency eloquently:

“When the inhabitants of one country became more dependent on those of another, and they imported what they needed, and exported what they had too much of, money necessarily came into use”. At first, in almost all cases, the currency was a commodity. While eliminating some of the problems associated with barter, this system presented new ones. Carrying gold or other commodities such as silver, grain, shells, or livestock can be cumbersome and difficult to properly measure for weight and purity. Dividing most commodities into fractions for ease of exchange produced additional difficulties.

In this video I am re-introducing talk regarding the economic disaster now at our footsteps. In this video, I cover what you need to personally do to PROTECT YOURSELF in this crisis. The crisis is NOT at the door. Currencies like gold the Canadian dollar and us dollar will be critical very soon now. The Baltic Dry Index is at HISTORIC LOWS – Oil is collapsing right now. Most commodities have already colapsed. With worldwide shipping coming to a standstill- the economic end is close. Call this fear port all you want but that won’t stop the reality of what is here and here now. Advice on how to get ready and prepared is given for you to act NOW! PROTECT YOUR FAMILY – What other things do you need to get up and moving on protecting your own family.