Signs of the Coming Economic Collapse – Get Prepping!
“Sell Everything!!!” That’s the advice from the Royal Bank of Scotland. Quite alarming when you consider the RBS stock is publicly traded. The canny Scots are known for being frugal people, and coming from a major UK bank, maybe we should listen. Here’s what the RBS has to say:
“RBS has advised clients to brace for a “cataclysmic year” and a global deflationary crisis, warning that major stock markets could fall by a fifth and oil may plummet to $16 a barrel.
The bank’s credit team said markets are flashing stress alerts akin to the turbulent months before the Lehman crisis in 2008. “Sell everything except high quality bonds. This is about return of capital, not return on capital. In a crowded hall, exit doors are small,” it said in a client note.”
You remember the Lehman crisis? Massive job losses and home foreclosures.
The RBS aren’t the only ones in the UK sounding alarm bells. Here’s what the UK governments top economic policy maker says.
“George Osborne will today warn that ‘shifting tectonic plates’ on the global economy are generating ‘tremors’ around the world.
Following the worst start to a year on global stock markets since the Great Depression, the Chancellor will say that Britain is at risk from a ‘hazardous mix’ of threats.
“Lehman Brothers”. “The Great Depression”. Strong words.
And it’s not just the UK sounding the warning bells. France and Germany are sounding alram bells too.
“FRANCE is in a state of economic emergency, President Francois Hollande announced today, amid fears the worsening financial situation in Germany could topple the entire eurozone.”
“…the entire Eurozone.” Let that sink in.
Closer to the US there are more signs of the coming collapse. Venezuela will collapse soon.
“Venezuela has been on default watch for months. Its credit rating is already in the gutter, at CCC at Standard & Poor’s. With oil now $20 lower than it was when the S&P made that call, a default is no longer a question of if, but when.”
And in the US panic is starting to set in.
“An economist with the Organization for Economic Cooperation and Development warns that the economy is unstable and could face an avalanche of bankruptcies.”
There are many other red flags going up all over the world. Ever hear of the Baltic Dry Index? Probably not. But it’s another red flag pointing to the coming collapse. Listen to this:
“The shipping industry is facing its worst crisis in living memory as years of rapid expansion fuelled by cheap debt have coincided with an economic slowdown in China.
“We are now at the stage where people are struggling to remember an era when it was this difficult, we’ve gone through what it was like in the 90s, the 80s and the 70s, so expressions like ‘living memory’ start to apply,” said Jeremy Penn, the chief executive of the Baltic Exchange in London.”
Another alarm bell going off is is the price of gold. Although not rising sharply at the moment, it is starting to tick up.
What everyone is looking for is the “canary in the coal mine”. Well, here it is.
“If you have been waiting for the next major financial collapse, what you have just read in this article indicates that it is now closer than it has ever been.
Over the coming weeks, keep your eye on the price of oil, keep your eye on the junk bond market and keep your eye on the big banks.
Trouble is brewing, and nobody is quite sure exactly what comes next.”
We may not be able to stop “what comes next”, but we can and should get prepared. Here are some concrete steps you can take right now to start preparing. Time for action folks!
If you have any comments or suggestions, please feel free to leave them in the comment section below.
And if you’d like regular updates by email, simply fill in your email address and hit subscribe. I will never share or sell your information!
I hope you find this information useful and if you have family or friends this could help, please feel free to email them or pass it on by using the share buttons below.