The Economic Collapse Is Here- Have You Prepared?

Posted by on July 16, 2017 12:12 pm
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Today, America has insurmountable debt that is impossible to pay off. We have a $20 trillion deficit and that is the good news. Our unfunded and mandated liabilities are an estimated $240 trillion dollar debt. And now the credit swap derivatives debt is a revised $2.5 quadrillion debt and last year’s interest rate on the credit swap derivatives was $505 trillion dollars. The US government takes in only about $2 trillion per year. The entire GDP of the whole planet is less than $70 trillion. There is no way that these debts can ever be paid down. And on most of our debts, the US is approaching economic Armageddon where we cannot even pay off the interest on these debts.

One response to The Economic Collapse Is Here- Have You Prepared?

  1. OhioPrepper July 16th, 2017 at 11:33 pm

    MD,

    We have a $20 trillion deficit and that is the good news

    In the interest of accuracy, we actually have a $20 trillion debt and as a country we are in deep trouble; but, that unfortunately is pretty much the same for the entire world.
    From my perspective a few PMs and a lot of the commodities required to keep you alive and thriving are what we need to have on hand. I’m seeing prepping, survivalism, self reliance, or whatever name one wants to give it, growing as more and more people are finally waking up and realizing that economies as well as entire civilizations run in cycles, and finally understand that personal responsibility are what is required to ride these cycles with as little damage as one can attempt with planning and skills.

    Reply

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