Economic collapse and a subtle march to World War III

April 2014ECONOMIC – Earlier this week economic strategist Marc Faber warned that some time in the next 12 months the U.S. stock market will experience a crash worse than the massive drop seen in 1987. He’s not alone. Many contrarian economists seem to agree. And given the state of economic and geo-political affairs they could well be right, much to our detriment. On the domestic front, the much touted economic recovery is in significant danger of being revealed for the illusion that it really is. Nationwide home sales, for example, have dropped off in record numbers in the last few months and a report released this morning indicates that mortgage originations are as bad today as they were just before the Lehman crisis of 2007. Couple that with a jobs market that is at best stagnating and at worst completely falling apart, and you can probably deduce that if there is any economic growth at all taking place it is about to come to a standstill. Internationally, the world is fed up with The Fed and the U.S. government’s unabashed debt growth. China, Russia, Iran, India and a host of other countries are establishing trade relationships that are bypassing the U.S. dollar altogether, a move that will soon see the world’s reserve currency lose purchasing power and status. In anticipation of this imminent collapse gold is being hoarded by private and public entities from Berlin to Beijing in an effort to preserve wealth before the Tsunami hits.
In light of these developments, former Undersecretary of the Treasury Paul Craig Roberts suggests that there are only two possible outcomes given our dilemma –World War Or The End Of The Dollar – neither of which bodes well for global economic, financial, social and political stability. China and Russia protested but accepted Libya’s destruction even though it was to their own detriment. But Iran became a red line. Washington was blocked, so Washington decided to cause major problems for Russia in Ukraine in order to distract Russia from Washington’s agenda elsewhere. China has been uncertain about the trade-offs between its trade surpluses with the US and Washington’s growing encirclement of China with naval and air bases. China has come to the conclusion that China has the same enemy as Russia has–Washington. One of two things is likely: Either the US dollar will be abandoned and collapse in value, thus ending Washington’s superpower status and Washington’s threat to world peace, or Washington will lead its puppets into military conflict with Russia and China. The outcome of such a war would be far more devastating than the collapse of the US dollar. –ETF
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This entry was posted in Apathy, Anger, Mistrust, Disillusionment, Bank Run, Banking Crisis, Bankruptcy, Boom and Bust Cycles, Civil Unrest, Conflict Among Nations, Economic Collapse, Economic Hardship or Loss, Economic impact of natural disasters, Fiat Money Printing Fiasco, Geopolitical Crisis, Infrastructure collapse, New World Order, Political Corruption, Political turmoil, Resource War, Social Meltdown, Surveillance - Police State, The Pyramid Model, Unemployment rising, Unsustainable Debt Burden, Widening gap between rich and poor. Bookmark the permalink.

3 Responses to Economic collapse and a subtle march to World War III

  1. Dennis E. says:

    Most end time scholars ponder the fact that The USA can’t be found in latter day events although there is some disagreement. This probably one of the reasons. Economic, Earth Changes and a surprise Nuclear Strike by Russia and China.

  2. Joseph Sonny Skies says:

    I believe the assessment in this article is quite accurate especially when compared to end of USA prophecies by visions given to various Christians as well as indigenous people and the Bible.

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