Skip to comments.Six Likely Events That Will Follow An Economic Crash
Posted on 01/21/2014 5:50:15 AM PST by IbJensen
Its not too difficult to understand that we are well on our way to a paradigm shift in America; in fact were in the midst of it right now. The writing is on the wall and can no longer be ignored.
The US government has run up trillions of dollars in debt, and given the recent debates over the countrys debt ceiling, we can rest assured that neither Congress nor the President will act to curtail spending and balance the budget. We will continue adding trillions of dollars to the national debt clock until such time that our creditors no longer lend us money.
From the monetary side, the Federal Reserves response to this unprecedented crisis has been to simply print more money as is necessary. On top of the trillions in dollars already printed thus far, the Fed continues quantitative easing to the tune of about $80 billion per month. Its the only arrow left in the Feds quiver, because failing to inject these billions into stock markets and banks will lead to an almost instant collapse of the U.S. financial system. Unfortunately, the current strategy is chock full of its own pitfalls, the least of which being the real possibility of a hyperinflationary environment developing over coming months and years.
On Main Street, average Americans have seen their wealth decimated. Theyve lost millions of jobs and homes over the course of the last five years. And if recent reports are any indication, the destruction of the middle class will continue unabated for years to come. The resulting effect is a vicious negative feedback loop that continues to build upon itself. Americans no longer have money (or credit) to spend to prop up the economy, thus more jobs will be lost, leading to more people requiring government assistance for everything from food to shelter.
We are, on every level, facing a collapse of unprecedented scale.
As noted by International Man Jeff Thomas of Casey Research, its not that difficult of an exercise to predict whats coming next:
The number of people whose eyes have been opened seems to be growing, and many of them are asking what the collapse will look like as it unfolds. What will the symptoms be
Well, the primary events are fairly predictable: they would include major collapses in the bond and stock markets and possible sudden deflation (primarily of assets), followed by dramatic inflation, if not hyperinflation (primarily of commodities), followed by a crash of several major currencies, particularly the euro and the US dollar.
We know a collapse is coming If youre paying attention you probably have the distinct feeling that we are in the middle of it right now. And guess what? The government and military know its coming too, as evidenced by large-scale simulations of exactly such an event and its fallout.
But the collapse of our financial system, or hyperinflation of our currency, or a meltdown in US Treasuries is only the beginning. We know some or all of these events are all but a foregone conclusion.
What we dont know is the timing of the trigger event that causes the global panic to ensue and what will happen after these primary events take hold.
According to Jeff Thomas, while we cant know for sure, the following secondary events are the most likely outcomes when the system as we have come to know it destabilizes.
The secondary events will be less certain, but likely: increased unemployment, currency controls, protective tariffs, severe depression, etc.
But, along the way, there will be numerous surprisesactions taken by governments that may be as unprecedented as they would be unlawful. Why? Because, again, such actions are the norm when a government finds itself losing its grip over the people it perceives as its minions. Here are a few:
Travel Restrictions. This will begin with restrictions on foreign travel, including suspension/removal of passports. (This has begun in a small way in both the EU and US.) Later, travel restrictions will be extended within the boundaries of countries (highway checkpoints, etc.)
Confiscation of wealth. The EU has instituted the confiscation of bank accounts, which can be expected to become an international form of governmental theft. This does not automatically mean that other assets, such as precious metals and real estate will also be confiscated, but it does mean that the barrier for confiscation has been eliminated. There is therefore no reason to assume that any asset is safe from any government that approves theft through bail-ins.
Food Shortages. The food industry operates on very small profit margins and survives only as a result of quick payment of invoices. With dramatic inflation, marginal businesses (suppliers, wholesalers, and retailers) will fall by the wayside. The percentage of failing businesses will be dependent upon the duration and severity of the inflationary trend.
Squatters Rebellions. A dramatic increase in the number of home and business foreclosures will result in homelessness for anyone whose debt exceeds his ability to payeven those who presently appear to be well-off. As numbers rise significantly, a new homeless class will be created amongst the former middle class. As they become more numerous, large scale ownership of property may give way to large scale possession of property.
Riots. These will likely happen spontaneously due to the above conditions, but if not, governments will create them to justify their desire for greater control of the masses.
Martial Law. The US has already prepared for this, with the passing of the 2012 National Defense Authorization Act (NDAA), which many interpret as declaring the US to be a battlefield. The NDAA allows the suspension of habeas corpus, indefinite detention, and the assumption that any resident may be considered an enemy combatant. Similar legislation may be expected in other countries that perceive martial law as a solution to civil unrest.
The above list is purposely briefa sampling of eventualities that, should they occur, will almost definitely come unannounced. As the decline unfolds, they will surely happen with greater frequency.
Full article at Casey Research via The Daily Crux
We could go point by point on this list and provide a plethora of evidence to validate Jeffs claims, but that would take pages upon pages of references.
The fact is that the US government, for the last decade, has been moving increasingly closer to what can only be described as a police state. With watch lists, militarized police departments, legislative actions, and executive orders the government has already set the stage for these secondary events.
When the system itself is no longer able to support the tens of millions of Americans receiving monthly government assistance, one hiccup could set the whole thing ablaze.
While it cant be avoided on a national scale, there are advance preparations that individuals and their families can make to, at the very least, insulate themselves from the secondary event triggers. This includes storing essential physical goods and keeping them in your possession. Things like long-term food supplies, barterable goods, monetary goods, self defense armaments and having a well thought out preparedness plan will, if nothing else, provide you with the means necessary to stay out of the way it all hits the fan.
As the details of this phony continue to surface not one congresscritter cries for his impeachment and removal. Meanwhile, the entire world laughs at the demise of a once great nation who has not only lost its will, but has lost practically its entire manufacturing base due to the central socialist government.
we have already had an economic crash hello
I HATE ZERO! ! ! ! ! ! !
For quite a while, I’ve thought that potential of ‘collapse’ is actually real and on its way in the near future.
However, in seeing the last 4 years of Obama and his destructive policies, outright creation of money out of thin air by the Fed to dump in MBSs and T-Bills (to legitimize the deficit and debt), massive increases in SSDI, SSI, SNAP, WICs, EITC, Section 8 and all the other entitlements with no apparent effect on the Stock Market or by international entities, I really wonder.
Sure, there would be a collapse one day if a source of real money cannot be found, and I’ve come to the conclusion that his end-game is total redistribution - he will confiscate IRAs, 401Ks, Roth IRAs, savings over $200K or so, and any other real assets (i.e., land, real estate, etc.). He will do this to the howls of approval by entitlement leeches, illegals made legal, by Democrats and liberals everywhere, and not a damned thing will be done about it. Those affected by the seizures will be given a token increase chit in their Social Security, and the retribution slate will be clean. Until the next time when the only option open to him and those like him is real slavery.
We are in an economic crash. We will not escape unless our central government commits suicide and some leadership emerges from the complicit Congress.
Facts later, if at all.
that is what I mean
All Bought or Compromised. With few exceptions.
No other explanation.
Hoard nonperishable food, coffee, potable water, toilet paper, tobacco, soap, and most important of all, guns and ammo, perhaps knives and machetes, and, so that you don’t give your position away - a crossbow and bolts.
While what is said might happen, it will not be general. The real terrible problems will be in the very large cities.
In much of the country there will be some disruption but life will proceed. The people will muddle through.
No, we haven't. What we've had is just a taste of what a real crash is like.
Ours will happen in Sept 2015. Be prepared.
No, we haven't. What we've had is just a taste of what a real crash is like.
Ours will happen in Sept 2015. Be prepared.
Why Sept 2015?
The debt is a result of American companies leaving America and making everything at 49% ownership (no ownership in effect) in China.
It is also a result of irresponsible American spending.
But we really need to bring back American manufacturing.
American “owners” don’t own manufacturing in China. They merely receive a portion of the profits.
America really, really needs to stop selling out America’s future, and bring back American manufacturing.
Ah... another person who thinks Sept 2015...
Would the word “harbinger” have anything to do with this prediction?
It makes a lot of sense when taken in context and if you know the background. Read The Harbinger by Jonathan Cahn for a fuller explanation.
Sadly, I see more and more people losing heart. Oh sure, they appear somewhat normal, but the sense of impotence and lack of control is growing by leaps and bounds among society. As a result, people are withdrawing and are giving up fighting. Like abuse victims, people are turning inward and working in near survival mode seeking to simply protect what they have and no more.
Yes, I blame Obama and the Democrats, but much of the blame rests with the corrupt and evil MSM. As studies have demonstrated, they are 90% - 95% aligned with Democrats and they work their propaganda day by day by day.
Apart from a great awakening in America I see no way out given the current state of affairs.
Please explain the timing for the uninformed like me.
I don’t think things will get much worse. We are being save by energy production against the will of the current government. When we get a pro business government we will boom.
Obama says he is going to usurp the Constitution via executive order and there is not one peep from Congressional Republicans. Obama routinely illegally moves Obamacare deadline dates at his whim and Republicans seem to be completely unbothered.
Issa claims to be holding hearings on everything, yet absolutely nothing gets done. Fast and Furious, Benghazi, and a host of other Constitutional atrocities all left hanging with no conclusion, and absolutely nothing to show.
Either Republicans in Congress have totally surrendered or they have been totally co-opted, but something is clearly wrong, as everyone can plainly see.
7 year cycles of judgment.
Follows right along with old testament judgment of Israel when they refused to repent.
Sept 2001 - initial attack on our country, responded to with defiance - EVEN TO THE POINT OF QUOTING THE DEFIANT RESPONSE TO THE INITIAL JUDGMENT IN THE O.T.!
Sept 2008 - financial crash, second judgment, no repentance, followed by the judgment of being ruled by a tyrant
Sept 2015 - final, crushing judgment
Posts #17 and #24
Interesting. Credible. Thanks.
Patriots......John Wesley Rawles
I think we are at the beginning of the collapse right now. These “collapses” take time (look back on history) and do not happen overnight. America is committing suicide right before our own eyes and everyone believes a collapse is still off in the distance.
As you noted, confiscations of IRA’s and 401k’s etc are a very real threat but in the long run all it will be is monopoly money taken from “us” as our dollar isn’t backed by anything other than our promise to re-pay / service our debt which at this point is just silly to consider given your previous point of alllllll the entitlements. We’ve dumped trillions into entitlements and it has gotten us know where but more entitlements.
We are watching it happen now and I don’t care what the government says, Once obamacare (ACA) is in full swing companies will be shuttering left and right and un-employment will sky-rocket. The circle will be complete and run-away inflation will take hold as the Fed and the Treasury kick in the printing presses to “ridiculous speed” to cover the entitlements to the freshest batch of un-employed looking to get theirs since they paid in all these years. Our society will then hit the middle of the collapse.
Then the fun begins.
The book, The Harbinger, best explains the seven year cycles. It is from Hebrew and Christian foundations. Also, every 50th year is the Year of Jubilee (Old Testament). On the 50th debts are forgiven and slaves are set free. 1947 was Jubilee, 1967 was Jubilee and 2017 is the next Year of Jubilee. If all the world currencies were collapsed and every government were in debt to its eyeballs - 2017 would be a year to forgive all the fiscal irresponsibility, wipe slates clean and introduce a new global currency.
The GOP is cooperating with the selling-out of American industry.
The problems with this are two:
First off, they haven’t really even “sold” anything. They have given away America’s manufacturing. To a massive communist nation which does now ALLOW Americans, to own majority control of companies.
Additionally, by giving away American jobs, conservatives are giving away what they most need:
“Conservatives”, get with it, and bring back American manufacturing.
We tried selling out American manufacturing.
We made China stronger, and America weaker.
Bring back American manufacturing, now.
Republicrats have sold their soul to the humungus central socialist government. In most cases Americans are left with onerous taxation and no representation.
A pro-business government would be about 1/4 of the present size. Until Americans realize that the current government is an enemy it will continue to grow and grow and grow!
What makes people believe that the Republicans want anything different than the Democrats? The only reason they exist is to cater to a different demographic. But they do the same things--just in a different manner.
The large cities have served as magnets for the most undesirable scum of foreign societies whose immigration is encouraged by an evil central socialist government.
The Rotten Apple, under a communist mayor, will be another Detroit. Los Angeles is next.
Yes, with all the $$$+ done by this administration I am also amazed how we haven’t crashed yet
My only guess is everybody else is equally if not more screwed up. When everybody owes everybody else money it keeps it all going.
If all other countries were in good fiscal shape, then we would have collapsed a long time ago.
“I HATE ZERO! ! ! ! ! ! !”
I’m thinkin’ there are a few million dittos to that
Uh..........I think the count’s a bit off. The people I read and talk too take the count as 7 years from the start of a bull market following a bust. So......market crash of 2000; Market recovery, 2001 + 7 years, puts us at 2008, market bottom in April of the crash that began in 2007. Assuming the current recovery bull market began in 2012, that puts us at next market/bubble crash at 2019, three years after Hilary is installed as the next President. I give or take a year, and I actually think the crash will start in 2018, counting from 2011. And that fits better for the Hilary Regime because its just 2 years into her first term.
Another problem I have with the 2015 date is its before the faux election that puts Hilary into office. The PTB won’t let that happen; they’ll float the economy a year or two if they have too, just to insure she gets in before they pull the plug.
Not arguing..........just throwing this out for consideration.
Along with lots of other steps one must take,possession of silver and lead are essential. No matter what anyone tells you precious metals always have value; people traded with other prisoners with silver and gold for food in the concentration camps.
Unless one has tiny gold coins, it would be hard to spend them, silver OSA more reasonable unit of value for ordinary exchanges. Lead is almost equally essential.
Interesting point. While this is not a fact, I believe we may have already seen our last presidential election.
That’s interesting but.........the math? 1947 to 1967 is only 20 years? According to what I’ve read, the last Christian Jubilee year was 2000 and the next is to be 2025.
Since O's re-election, I've had the gut feeling that we would not make it to 2016.
Not just the current economics and the Biblical precedence - but a type of "discernment" feel (Holy Spirit?).
I know Who I belong to, and I know that the pain will only be for a "moment", but I still grieve for my Country (remembering Jesus grieving over the soon-to-come fate of Jerusalem in Luke).
He’s describing sudden, visible acts of tyranny and lawlessness. He’s forgetting about quiet little confiscations already on the books — Obamacare includes a new specific “Medicare” tax on the sale of your house if your profit is above a certain amount, for example. It hasn’t gotten a lot of press because it doesn’t affect a lot of people.
But consider what happens in the inevitable years of inflation or hyperinflation: that tax will quietly affect more and more people, as it’s cast from the same mold of the Alternative Minimum Tax.
No doubt in the next multi-thousand-page “law” we will find similar little gems, such as a new specific tax on stock sales, etc.
This is the real game, not the game described of sudden, visible changes that affect everybody all at once.
The reality is that the decline will be slow and steady over possibly decades, with the end result being what will feel like an economic and societal collapse, Gradually, crime will rise, apathy will reach an all time high, and you will see a true Atlas Shrugged type scenario. By that time, however, most of us will be long gone and our children will be dealing with it. I'm not saying that I'm not interested in trying to prevent it, but the odds are stacked against us. Two political parties that only care about themselves, a lack of critical thinking by the easily distracted citizenry, the Fed who can print money at will, etc., will just ride the wave of collapse for as long as they can.
Seeds. Real seeds.
Wherever you can buy them, scoop them up. That will be currency.
I'm convinced that nobama, through his NSA, has gotten the goods on all of the major Congressional players, Republicans and Democrats alike.
Until these folks have the balls to stand up and say, "I don't care, we're gonna fix this anyway," little will be accomplished.
We will need to form a group to monitor his whereabouts and make certain he cannot escape his due reward. That includes his “helpers”.