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Economic Collapse Looming

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Jonathon Miller

Jonathon Miller

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An economic unravelling seems to be underway. The false narrative of a strong recovery could exacerbate the shock of the collapse, which is expected to spread like a fire once a trigger event sets it off.

The recent second increase in the bank lending rate by .25%, a big bank collapse, or an attack of some kind, could be that trigger. It will be fed by the exposure of banks, companies and governments to the ridiculous derivative contracts on sub-prime assets.

The debt bubble may be about to burst, which could seriously change the world’s financial markets, including the dollar and the consumer market. Supply shortages may become serious, especially if food deliveries are not flowing.

The results of a collapse could be closing banks, plummeting stock prices, locking of bond redemptions, dollar demotion, wiping out of bank accounts and other paper assets, hunger and/or social disruption.

War is the usual mode by world powers of dealing with economic disaster. As resources, production and concerns get shifted to the war effort, they overshadow economic deprivation and any complaints. The threat of war seems to be refreshed daily. 

Can war be averted and the collapse be minimized by a beneficial reset of currencies and trade procedures?

Economic collapse and changes of major proportions are unfolding. Preparation is required to come through this without devastation.

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