Home Forums Events & Emergencies Economic Crisis What I really think an American economic collapse will be like Reply To: What I really think an American economic collapse will be like

#8159

James Mitchner
Participant

A couple of observations.  First, we are already in an economic collapse.  Economic collapses don’t happen overnight, but I do believe this one will speed up as time passes.  Its not only here.  Its a global issue.  The world went from a currency backed by silver and gold and moved into a debt-based economy using fiat (unbacked) currency.  Every fiat currency has failed…. every one!  When Nixon took us off the gold standard in ’71 it was sold as being temporary.  Instead its been used by central banks to steal wealth hand over fist by indebting most of the world, turning citizens of whichever country you can think of into debt slaves with no hope of ever getting out.  Now we are seeing that even the ones orchestrating this theft have about run out their string and all hell is about to break loose.  The Yellow Vests in France might well be the first shot.

Second, Americans have become addicted to spending money they do not have, and do.  The system has encouraged it!  Consume, consume, consume…

Finally, although I know it was the furtherest thing from your mind, Daisy, much of what you ‘said’ is exactly what socialists are saying as to why we need socialism.  Their contention is that only the government can save us, and it will be a disaster.  Government CAUSED the problem in league with central bankers, over-regulation, government intrusion, and the ‘string-pullers’ like Soros, Rothchilds, Bilderbergers, Rockafellas, and many others.

Skip to toolbar