Robert Kiyosaki issues a dire warning and says that we’re going through very spooky times. He explains how this economic downturn is likely to play out with best & worst case scenarios (including starvation!), and shares his thoughts on the best ways to protect yourself.
The financial sector is the key to the US economy.
They shouldn’t be, but they are because we have a bubble economy. We have an economy based on credit, based on debt. So, not people spending the money they earned, but spending the money they didn’t earn, but they borrowed.” This becomes clear when you look at the consumer debt numbers. Americans were already leveraged up to their eyeballs before corona spurred a government lockdown of the economy. What is at the heart of the bubble, other than the Federal Reserve which is pumping all the blood through the body of the economy, but it’s pumping it through the heart of the banking sector. So, when you see this cardiac arrest in the banking sector, this is a sign that there’s trouble brewing here when the banks are having so much trouble.”

The collapse of fake assets was underway well before the war became the imposed subject of 90% of all communication, and half the planet was put under financial crisis. It directs the anger away from the elitist banksters to some nanoparticle, and the panic-stricken public will welcome the monetary “reset,” which, of course, will screw them further. The Banks ARE the problem. When you have a credit bubble, when the economy is built on a foundation of debt, and then something happens to shake that foundation, you have a big problem, Peter Schiff said recently. Gold and Silver are money; everything else is credit and subject to manipulation. The Fed is doing everything it did during the last financial crisis except way bigger and way sooner. The Fed printed more money than the UK, and Chinese GDPs put together in the last 50 days alone. There’s a deflation of products. there’s inflation in food.

There’s more money floating around. There’s no economy. There’s no trade. Money is not real. The market is not real. The debt tsunami is rolling in. The derivatives pit is bottomless. No amount of bailouts by the public can fill a bottomless Black Hole. Trump bought them time with his initial bail-out of the FED, but that was all he gave them: a little time. The Central banks will continue to temporize with massive pumping, Guaranteeing that there be a catastrophic result.

What Is a Bank Run? – How Bank Runs Happen ?
A bank run occurs when a large number of customers of a bank or other financial institution withdraw their deposits simultaneously on fears that the bank will become insolvent. Bank runs happen when a large number of people start making withdrawals from banks because they fear the institutions will run out of money.

A bank run is typically the result of panic rather than true insolvency. As more people withdraw their funds, the probability of default increases, prompting more people to withdraw their deposits. In extreme cases, the bank’s reserves may not be sufficient to cover the withdrawals. With more people withdrawing money, banks will use up their cash reserves and ultimately end up defaulting. the clients keep the cash or transfer it into other assets, such as government bonds, precious metals or gemstones.

When they transfer funds to another institution, it may be characterized as a capital flight. As a bank run progresses, it generates its own momentum: as more people withdraw cash, the likelihood of default increases, triggering further withdrawals. This can destabilize the bank to the point where it runs out of cash and thus faces sudden bankruptcy.To combat a bank run, a bank may limit how much cash each customer may withdraw, suspend withdrawals altogether, or promptly acquire more cash from other banks or from the central bank, besides other measures.

A banking panic or bank panic is a financial crisis that occurs when many banks suffer runs at the same time, as people suddenly try to convert their threatened deposits into cash or try to get out of their domestic banking system altogether. A systemic banking crisis is one where all or almost all of the banking capital in a country is wiped out.

The resulting chain of bankruptcies can cause a long economic recession as domestic businesses and consumers are starved of capital as the domestic banking system shuts down.According to former U.S. Federal Reserve chairman Ben Bernanke, the Great Depression was caused by the Federal Reserve System, and much of the economic damage was caused directly by bank runs.

The cost of cleaning up a systemic banking crisis can be huge, with fiscal costs averaging 13% of GDP and economic output losses averaging 20% of GDP for important crises from 1970 to 2007. Several techniques have been used to try to prevent bank runs or mitigate their effects.

They have included a higher reserve requirement (requiring banks to keep more of their reserves as cash), government bailouts of banks, supervision and regulation of commercial banks, the organization of central banks that act as a lender of last resort, the protection of deposit insurance systems such as the U.S. Federal Deposit Insurance Corporation, and after a run has started, a temporary suspension of withdrawals.

These techniques do not always work: for example, even with deposit insurance, depositors may still be motivated by beliefs they may lack immediate access to deposits during a bank reorganization. A bank run triggered by fear that pushes a bank into actual insolvency represents a classic example of a self-fulfilling prophecy.

The bank does risk default, as individuals keeping withdrawing funds. So what begins as panic can eventually turn into a true default situation. That’s because most banks don’t keep that much cash on hand in their branches. In fact, most institutions have a set limit to how much they can store in their vaults each day. These limits are set based on need and for security reasons.

The Federal Reserve Bank also sets in-house cash limits for institutions. The money they do have on the books is used to loan out to others or is invested in different investment vehicles. Because banks typically keep only a small percentage of deposits as cash on hand, they must increase their cash position to meet the withdrawal demands of their customers.

One method a bank uses to increase cash on hand is to sell off its assets—sometimes at significantly lower prices than if it did not have to sell quickly. Losses on the sale of assets at lower prices can cause a bank to become insolvent. A bank panic occurs when multiple banks endure runs at the same time. The stock market crash of 1929 precipitated a spate of bank runs across the country, ultimately culminating in the Great Depression.

The succession of bank runs that occurred in late 1929 and early 1930 represented a domino effect of sorts, as news of one bank failure spooked customers of nearby banks, prompting them to withdraw their money.

For example, a single bank failure in Nashville led to a host of bank runs across the Southeast. Other bank runs during the Depression occurred because of rumors started by individual customers.

In December 1930, a New Yorker who was advised by the Bank of United States against selling a particular stock left the branch and promptly began telling people the bank was unwilling or unable to sell his shares. Interpreting this as a sign of insolvency, bank customers lined up by the thousands and, within hours, withdrew over $2 million from the bank. An uncontrolled bank run can result in a bank’s bankruptcy or when multiple banks are involved, a banking panic, which at its worst can lead to an economic recession.

A bank may try to avoid the negative effects of a bank run by limiting the amount of cash a customer can withdraw at one time, temporarily suspending withdrawals altogether, or borrowing cash from other banks or the central banks to cover the demand. Today, there are other provisions to protect against bank runs and bankruptcy. For instance, the reserve requirements for banks have generally increased and central banks have been organized to provide quick loans as a last resort. Perhaps most important has been the establishment of deposit insurance programs such as the Federal Deposit Insurance Corporation (FDIC), which was set up during the Great Depression in response to the bank failures that exacerbated the economic crisis. Its aim was to maintain stability in the banking system and to encourage a certain level of confidence and trust. The insurance remains in place today.

The Fed needs to be phased out. We do not have fractional reserve banking anymore; now we have Fictional reserve banking after the FED changed te reserve requirement to ZERO .

It will be quite interesting to see how economic activity picks back up after things re-open. I think there may be some surprises.

Not all businesses are going to re-open.
Not all employees will be called back.
People are not going to flock to bars and restaurants because they will be broke, and no one wants to be around crowds in an enclosed area.
There is no demand pipelined for durable goods. It could be six months to a year before new car sales come off the peg. And if there is no demand, why keep auto workers on the job?
How much disposable income has become scared money! The states may re-open, but it may take years for consumers to backfill the financial hole this has caused. Fools don’t realize that every business acts like cells which require a constant supply of oxygen to survive. An economy is a life form that is being killed by hypoxia.
The people never learn. Wall Street learned a long time ago how to become rich by legal embezzlements from Main Street. But Congress, Senators, and Bill Clinton were wise enough to give us the Financial Modernization Act, which wiped out all of Glass-Steagall’s protections to prevent another Depression or worse. If we had a SOUND, DEBT-FREE monetary system, NONE of this would be happening. You can’t PRINT Gold and Silver. They are anchors. Under such an honest system, if you wanted to spend tons and tons of money on wars, infrastructure, or even hammock programs for illegal aliens, the only way to raise such funds would be through direct taxation of the citizenry. You’d have to lay hold of THEIR assets directly… NOT indirectly through insidious inflation. You would have the ultimate check and balance system against waste, fraud, and other criminal activity. With constant public audits, the people would KNOW every time a greasy hand was reaching into THEIR cookie jar. The corruption began when the average clueless idiot started being willing to accept paper promises (currency) in place of hard money (gold and silver coins).

This is a planned, controlled transition to feudalism. All independence and economic power have been surrendered to the central planner. The only way to do this was through a devastating financial crisis. The Fed is a part of a worldwide banking cartel that is already running the World. The Fed is just a tool of enslavement. So what is going on is an expansion of this enslavement both by moving debt on to the taxpayers and implementing harsher means of control over the population.

US Economy Collapse, What Would Happen and How to Prepare
Your Survival Guide to an Economic Collapse
If an economic collapse occurs, it would happen quickly. No one would predict it. The surprise factor is, itself, one of the causes of a collapse. The signs of imminent failure are difficult for most people to see.

Some believe the Federal Reserve, the president, or an international conspiracy are driving the United States toward economic ruin. If that’s the case, the economy could collapse in as little as a week. The economy is run on confidence that debts will be repaid, food and gas will be available when you need it, and that you’ll get paid for this week’s work. If a large enough piece of that stops for even several days, it creates a chain reaction that leads to a rapid collapse.

How to Prepare for an Economic Collapse

Protecting yourself from a collapse is difficult. A catastrophic failure can happen without warning. In most crises, people survive through their knowledge, wits, and by helping each other.

Here are six steps you can take now to prepare for a potential collapse.

Make sure you understand basic economic concepts so you can see warning signs of instability. One of the first signs is a stock market crash. If it’s bad enough, a market crash can cause a recession.
Keep as many assets as liquid as possible so that you can withdraw them within a week.
As for cash, it may not be useful in a total economic collapse because its value might be decimated. Stockpiles of gold bullion may not help because they would be difficult to transport if you needed to move quickly. In a severe collapse, they may not be accepted as currency. But it would be good to have a stash of $20 bills and gold coins, just in case. During many crisis situations, these are commonly accepted as bribes.
In addition to your regular job, make sure you have skills that you’d need in a traditional economy, such as farming, cooking, or repair.

Learn how to be a prepper on a budget: What will happen if the economy collapses? No one really knows, but your everyday prepping is something you can do to prepare for economic collapse and many other catastrophes.

The good and happy news is that the preparations you make to
today will help insulate you whether you face a job loss or
whether the economy just goes into a recession or inflation
goes out of control. Remember that creativity will go far for you
in an economic collapse. Prepare for an economic collapse now
while things are still good. Insulate yourself from an economic
collapse by reading more…US DECEPTION

WARNING: WHAT IS COMING WILL BE A SCARY TIME FOR EVERYONE. I AM DOING THIS TO HELP PEOPLE PREPARE THEMSELVES TO SURVIVE, EVEN THRIVE THROUGH THE COMING COLLAPSE.

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

 

Make sure your passport is current in case you’d need to leave the country on short notice. Research target countries now and travel there on vacation, so you are familiar with your destination.
Keep yourself in top physical shape. Know basic survival skills, such as self-defense, foraging, hunting, and starting a fire. Practice now with camping trips. If you can, move near a wildlife preserve in a temperate climate. That way, if a collapse occurs, you can live off the land in a relatively unpopulated area.

Take a look at this collection The Lost Book Of Remedies, taken word for word out of a circa 1845 manual.

What is The Lost Book of Remedies? The Lost Book of Remedies PDF contains a series of medicinal and herbal recipes to make home made remedies from medicinal plants and herbs. Chromic diseases and maladies can be overcome  by taking the remedies outlined in this book. The writer claims that his grandfather was taught herbalism and healing whilst in active service during world war two and that he has treated many soldiers with his home made cures.