Economic Collapse: Fact or Fiction? 10 Reasons…
Below are the main 10 reasons why we believe the coming economic collapse could put the 2008 Financial Crisis to shame, and how you can protect yourself against it with with a sensible diversification into precious metals.
10 Reasons the Next Economic Collapse Will Be Worse than the 2008 Financial Crisis
Markets are far more volatile now in the wake of Brexit and Donald Trump’s election.
Against all odds, the United States has elected Donald J. Trump as their new president and not even expert forecasters can predict how his presidential term will turn out. As the Commander in Chief of America’s Armed Forces, President Trump now has the legal authority to declare a nuclear war if he feels the need to do so.
The United Kingdom has left the European Union and other member nations are planning to follow them out the door. No matter where you call home in the western world, economically dangerous geopolitical uncertainty is the king of the castle.
The United States Government is Watching Retirement Accounts.
In 2010 retirement account assets were seized by the Portuguese government in order to cover their government debt and deficits. France and Ireland followed in 2011, as well as Poland in 2013. The United States government has been keeping an eye on this. In 2011 and again in 2012, the United States Treasury dipped into federal employee retirement funds as it was debated in Washington about raising the United States’ legal debt ceiling. Within a 20-year period, this represents the fifth and sixth times that the Treasury Department tapped into federal workers’ retirement accounts to cover national debt. Jim Rogers, billionaire investing legend, believes that private retirement accounts are next in line for government raids.
The United States’ Top Five Banks Emerged Bigger after the 2008 Crisis.
You most likely are aware that the five largest banks in the United and their systemic importance as the unfolding financial crisis threatened to collapse them. Legislators and regulators promised this issue would come to the forefront once the crisis was resolved. Over five years after the conclusion of the crisis, the five biggest banks are much larger and more critical to keeping the economy afloat than they were before the crisis started. The government made matters worse when it mandated that some of these alleged “too big to fail” banks absorb the failures. Consequently, the failure of any of these banking industry giants today would be absolutely catastrophic and could be what finally triggers the anticipated economic collapse that will have worldwide negative consequences.
Danger from Derivatives Threatens the Banks More Now than in 2007/2008.
The derivatives that crashed the banks back in 2008 did not disappear as regulators promised. Today the derivatives exposure of the five biggest American banks is a whopping 45% greater than before the Financial Crisis of 2008. The derivative bubble is over $273 trillion now versus the $187 trillion of 2008.
U.S. Interest Rates are Already at Abnormal Lows so the Fed has Little Room to Cut Rates.
Even after raising interest rates once last year, the Federal funds rate is still in the range of ¼ to ½ percent. Consider that before the crisis erupted in August of 2007, the Federal funds interest rates sat at 5.25%! In the next crisis, the Fed will have less than half a percentage point total it can reduce rates to stimulate the economy. Sadly, this will add more fuel to the economic collapse fire.
Beware of American Banks as They’re Not a Good Risk for Your Money.
Global Finance magazine puts out a yearly list of the top 50 safest global banks. Only 5 of the banks on this list are United States based. The top spot an American bank commands is only #33.
The Fed Balance Sheet is Still Expanded from the 2008 Financial Crisis.
The Fed still has nearly $1.8 trillion in mortgage backed securities on its balance sheet from the 2008 financial crisis. This is more than double the less than $1 trillion it held before the crisis began. When mortgage backed securities go bad again, the Federal Reserve has a lot less maneuverability to absorb bad assets than before.
The FDIC Admits it Lacks Reserves to Cover Another Banking Crisis.
The latest FDIC’s annual report shows that they will not have sufficient reserves to adequately insure the nation’s banking deposits for minimally another five years. This stunning revelation admits that they can only cover 1.01% of U.S. bank held deposits, or $1 out of every $100 of your bank account deposits.
Long Term Unemployment Is Still Higher than Before the Great Recession.
Unemployment was 4.4% in early 2007 before the last crisis began. While the unemployment rate has finally reached the 4.7% levels seen as the financial crisis began to ravage the U.S. economy, the long term unemployment remains high and the employment participation rate significantly lower more than five years after the previous crisis ended. Joblessness could be much higher in the wake of the coming economic collapse.
American Businesses Failing at a Record Pace.
In the beginning of 2016, the Gallup CEO Jim Clifton announced that American business failures are now greater than new business startups for the first time in over three decades. The dearth of medium and small businesses has huge implications for an economy long driven by free enterprise. Bigger businesses are not immune to the problems either. Even American economic heavy weights like Microsoft (planning to eliminate hundreds of jobs in 2018) and McDonald’s (They closed 350 restaurants worldwide in the 1st Quarter of 2018) are suffering from this dismal trend.
There’s absolutely and positively no need for you to risk getting caught unprepared when it finally arrives. Here’s how you could protect your finances with precious metals…
Claim Your Free Silver Buyer’s Guide and Bonus Gold Investment Guides
Request your absolutely free copy of The New Case for Silver, which includes a set of gold investment bonus guides, from American Bullion, who has maintained the highest rating profile in the precious metal industry for over a decade, to learn the secrets of precious metals investing and how it could properly diversify your hard-earned investment or retirement portfolio in preparation for the next economic meltdown, which in all blunt honesty is very likely to put the Wall Street Crash of 1929, which signaled the beginning of the decade-long Great Depression that affected all Western countries, to shame.
Winter is Coming… Will You Be Ready?
Please don’t get caught unprepared. Learn how to protect yourself and your loved ones today before it really is too late.
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They have been moving fast, but there should be a few left —
if you act and get yours now.
Please don’t be fooled in to believing that a devastating economic collapse that puts the Wall Street Crash of 1929, and the decade-long Great Depression that followed, to shame can’t happen again, as both the Greek government debt crisis that began in 2009 and the bullet that the United States itself dodged back in 2008 both sadly illustrate.
Once you’ve had the opportunity to look over your free copy of The New Case for Silver, along with your gold investment bonus guides, we invite you to partner with American Bullion so that you too are on the road to protecting your hard-earned investment and/or retirement portfolio against a catastrophic economic meltdown such as the one we talked about here.
We look forward to welcoming you on board, partnering with you to help make the diversification of your investment and/or retirement portfolio with a pleasant and rewarding one.
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