According to many well-respected economists and billionaires, it might be a good idea to protect your wealth. According to people like Donald Trump and Peter Schiff, we are heading for yet another recession. On top of this, it’s projected to be far worse than our last financial crisis, according to Money News.
Marc Faber, a Swiss investor and economist, has talked about his concerns for the United States economy many times while recently appearing on the media. He said this:
I think somewhere down the line we will have a massive wealth destruction. I would say that well-to-do people may lose up to 50 percent of their total wealth.
Faber also said he felt that the chances of a global recession happening were at “100 percent.”
Faber said that his outlook on the future of the economy stems from Federal Reserve chairman Ben Bernanke‘s poor decision making, as well as the continuous printing of new money.
Schiff, the CEO of Euro Pacific Capital, agreed. Remember the stock market crash in 2008? According to Schiff, “That wasn’t the real crash. The real crash is coming.” He also believes that life will get dramatically worse for Americans.
If we keep up the stimulus packages and growing the government, it’ll just make matters worse. No one will be able to get government money.
Meanwhile, Trump is worried about America’s unhealthy dependance on China. He said the country could become a large-scale Spain or Greece.
We are going up to $16 trillion [in debt] very soon, and it’s going to be a lot higher than that before he gets finished,” Trump says, referring to President Barack Obama. “When you have [debt] in the $21-$22 trillion [range], you are talking about a [credit] downgrade no matter how you cut it.
Trump also said the dollar is “going to hell.”
According to Robert Wiedemer, there would be 50 percent unemployment, 90 percent stock market drop and 100 percent inflation starting this year. He also successfully predicted the collapse of the U.S. housing market. He said the government’s financial rescue has “failed miserably.”
Finally, this is what Newsmax financial publisher Aaron DeHoog said:
That’s a scary thought for sure. But we want the average American to be prepared, and that is why we will continue to push this video to as many outlets as we can. We want the word to spread.
And this is the reason for this blog. We want Americans to be prepared for the coming financial collapse of the U.S. Besides, I’ve been saying all this to those who will listen for years.
I want you, right now, to check out LifeWave before the economy collapses worse than ever before. Go out and talk to people about the way the economy is and why they need to join LifeWave so they, too, can have a better future. Check us out.
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