Peter Schiff has been predicting economic collapse for many years – any search for his name on Youtube brings up titles like:
He rightly blames failed government policies for bankrupting America and explains why trade deficits and low interest rates and overprinting new money into creation will lead to hyperinflation and dollar collapse “soon.”
Jim Rogers has been putting out warnings too, warning that high debts require low interest rates or the governments couldn’t pay the interest on their debts – but this leads to mal-investments that make no sense under normal interest rate conditions… and more importantly, there is no way out – governments cannot ever raise rates therefore normal economic functions can never return until the current system crashes and burns:
Gerald Celente blames greed and corruption (Wall Street and Washington in bed together) a little more than others but still reaches the same conclusions on imminent economic collapse:
Dr. Paul Craig Roberts (former assistant Secretary of the Treasury) warns that today’s economic problems are way worse than during previous times of crisis.
Martin Armstrong warns that Europe in particular is built on a faulty financial system – and that as the entire West collapses, the powers that be will do anything to change the rules rather than the flawed system (which benefits them) by eliminating cash and maximizing digital control, to where “you will not be able to buy or sell anything without the approval of the government.” (That – of course – sounds a lot like the economic system Bible prophecy warns will be in effect in the end times.)
Jim Willie has also been warning of economic collapse for years, explains that long ago the financial system helped capital growth – they loaned money to build new productive enterprises like factories… but that now all the financial system does is rescue itself from the failures of its own greed and mismanagement. Monetary policy is no longer designed to help middle America produce – it is designed to perpetuate a broken system of financial engineering:
“a deadly feedback loop” that eventually crushes the big banks…
Of course the years in the video title above reminds me some of my own book titles:
as I have long been predicting economic collapse, martial law, dictatorship, and quite literally all hell to break loose between 2016-2019. What have you done to prepare?