Major economic changes have been unfolding for several years. We are now reaching a financial crisis that will get everyone‘s attention. There is a great potential for social chaos to result.
With interest on bonds so low that some rates are negative, the decision to increase interest rates before long could crash the markets.
Meanwhile, very few people have a full time job with benefits and enough income to meet living expenses and service their debt. Financial slavery replaced and expanded on physical slavery after the Civil War. Now we are reaching the point of realizing the low end experience of that financial prison.
Alternative economists warn that sluggish economic activity, market drops, dollar decline and wealth redistribution may soon bring financial wipeout of the middle class and widespread poverty.
The orchestrated migration of refugees from the middle east, who are being difficult to manage, are exacerbating the financial crisis in Europe and soon may in the U.S. Now the hostilities seem to be bringing on World War III.
It is certainly time to get prepared and make plans with compatible friends.
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