Difference between revisions of "Economic collapse"

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'''Economic collapse''' refers to any of a large number of [[threats]] where the [[economy]] (local, national, global) degrades to the point that it is no longer able to support the individuals and [[Essay:Systems of Support|systems]] which depend on it.
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George W. Bush.
  
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==Current State of Affairs in the Economy==
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That is all.
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[[Peter Schiff]]<ref>"Peter D. Schiff is an American [[investment]] [[broker]], [[:Category:Economic Authors|author]], and financial commentator, and was a candidate in the 2010 [[Republican]] primary for the United States Senate seat from [[Connecticut]]. He frequently appears as a guest on [[CNBC]] and [[Fox News]], and is the host of the radio show and [[:Category:Economics Podcasts|podcast]] The Peter Schiff Show. He is the author of the New York Times bestselling ''Crash Proof'' and ''Crash Proof 2.0'', as well as ''The Little Book of Bull Moves in Bear Markets'', which was also a [[Business Week]] bestseller." [[Peter Schiff|Schiff, Peter D.]], ''[https://www.amazon.com/Real-Crash-Americas-Bankruptcy-Yourself/dp/1250046564 The Real Crash: America's Coming Bankruptcy - How to Save Yourself and Your Country]''. Accessed February 21, 2015</ref>, who predicted the [[Crash of 2008]], asks, <blockquote>"Since 2012, what has happened with our economy? The [[stock market]] continues its illusory gains, the [[Federal Reserve Bank|Fed]] 'tapers'" [[quantitative easing]] "while some jobs return, and yet the fundamental [[threat|threats]] to [[American values|our way of life]] has only grown worse -- much, much worse. The United States government nearly [[default]]ed on its [[national debt|debts]] and the solution was to raise the [[debt ceiling|debt limit]] -- to spend yet more money, to go even deeper in hock to China" via [[Treasury Bill]]s, "and to burden every American with obligations that are impossible to repay." Mr. Schiff "reveals that the road we're on will lead to an abrupt [[currency devaluation|devaluation of our currency]] and an economic crash that will upend our power, our political system, and our way of life."<ref>[[Peter Schiff|Schiff, Peter D.]], ''[https://www.amazon.com/Real-Crash-Americas-Bankruptcy-Yourself/dp/1250046564 The Real Crash: America's Coming Bankruptcy - How to Save Yourself and Your Country]'</ref></blockquote>
 
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According to Mr. Schiff, [[Joel Skousen]], [[James Wesley Rawles]], [[Jack Spirko]] and other [[fiscal conservatism|fiscally conservative]] economics [[pundit]]s, the majors issues to examine to understand the strong mathematical and historical likelihood of a an even greater crash than the [[Great Depression]]:
 
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* The 2013 government shutdown
 
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* The [[national debt]] crisis
 
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* How the solution of [[quantitative easing]] only dug a deeper hole
 
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* The IRS political auditing scandal and why the average American should care
 
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* What will happen when the government stops [[inflation|inflating]] the [[stock market]] and [[real estate]] market [[economic bubble]]s
 
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* How [[Detroit]]'s and other US cities [[bankruptcy|bankruptcies]] mirror our national situation: too many promises, not enough [[revenue]]<ref>Ibid.</ref>
 
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Mr. Schiff asserts that "to avoid complete collapse, America must drastically reduce government spending, and regulations that drain businesses and suppress [[economic growth]], eliminate costly and unnecessary [[:Category:United States Government Agencies|agencies]], stop foreign military escapades, and cut [[entitlement mentality|entitlement]]s of all kinds for all classes of people."<ref>Ibid.</ref>
 
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==See Also==
 
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* Economic collapse: [[Inflation]], [[Agflation]], [[Deflation]], [[Stagflation]], [[Hyperinflation]] ([[Zimbabwe]] and [[Weimar Republic]])
 
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==Bibliography - Further Reading==
 
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* [[James Wesley Rawles|Rawles, James Wesley]], ''[[How to Survive the End of the World as We Know It]] - Tactics, Techniques, and Technologies for Uncertain Times''', [[New York City|New York]]: [[Plume]]/[[Penguin Books]], 2009. Released September 30, 2009, 336 pages, ISBN-10: 0452295831, ISBN-13: 978-0452295834, [https://www.audible.com/pd/Self-Development/How-to-Survive-the-End-of-the-World-as-We-Know-It-Audiobook/B002ZEQI9Q [[Audible.com]] Audio book], [https://www.amazon.com/How-Survive-End-World-Know/dp/0452295831 Amazon.com Paperback].
 
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* [[James Wesley Rawles|Rawles, James Wesley]], ''Tools for Survival: What You Need to [[Survive]] When You’re on Your Own''. [[New York City|New York]]: [[Plume]]/[[Penguin Books]], 2015. Released December 30, 2014, 368 pages, ISBN-10: 0452298121, ISBN-13: 978-0452298125, [https://www.amazon.com/review/R2CUQ89CXOYB48 Reviews], [https://www.audible.com/pd/Self-Development/Tools-for-Survival-Audiobook/B00QFUC7BE [[Audible.com]] Audio book], [https://www.amazon.com/gp/product/0452298121 [[Amazon.com]] Paperback].
 
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* [[Peter Schiff|Schiff, Peter D.]], ''[https://www.amazon.com/Real-Crash-Americas-Bankruptcy-Yourself/dp/1250046564 The Real Crash: America's Coming Bankruptcy - How to Save Yourself and Your Country]''. Hardcover: 464 pages. Publisher: St. Martin's Press; Second Edition, Revised edition (April 8, 2014). ISBN-10: 1250046564. ISBN-13: 978-1250046567. Mr. Schiff has fully revised and updated his provocative [[New York Times]], [[Wall Street Journal]], and [[USA Today]] [[:Category:Best Sellers|bestseller]] ''The Real Crash''. Amazon.com says, "First published in 2012, The Real Crash argues that America is enjoying a government-inflated [[economic bubble]], one that reality will explode...with disastrous consequences for the economy and for each of us."
 
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* [[Michael Snyder|Snyder, Michael]], ''[https://www.amazon.com/gp/product/1484871308 The Beginning Of The End]'', [[The Economic Collapse Blog]]. Paperback: 442 pages. Publisher: CreateSpace Independent Publishing Platform (May 15, 2013). ISBN-10: 1484871308, ISBN-13: 978-1484871300.
 
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==External Links==
 
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* [[Michael Snyder|Snyder, Michael]], [http://theeconomiccollapseblog.com/archives/category/financial-markets TheEconomicCollapseBlog Financial Market Collapse], [[The Economic Collapse Blog]], 2015.
 
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==References==
 
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<references/>
 
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{{Template:Economic preparedness topics}}
 
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[[Category : Economic Preparedness]]
 
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[[Category : Economics]]
 
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[[Category : Finance]]
 
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[[Category : Threats]]
 
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[[Category : Survivalism]]
 
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[[Category : Great Depression]]
 
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[[Category : European History]]
 
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[[Category : Germany]]
 
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[[Category : Inflation]]
 
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[[Category : Banksters]]
 

Revision as of 20:04, March 31, 2016

George W. Bush.

That is all.

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