People do not realize how serious the current business crisis has become, not only in the United states, but globally.
American Business is Dying at a Record Rate. Earlier this year, in an eye-opening report, Gallup CEO and Chairman Jim Clifton revealed that “for the first time in 35 years American business deaths now outnumber business births.” Clifton continued, “I don’t want to sound like a doomsayer, but when small and medium-sized businesses are dying faster than they’re being born, so is free enterprise. And when free enterprise dies, America dies with it.”
And it’s not just small and medium sized businesses feeling the slide. The number of publicly traded U.S. companies filing for bankruptcy in a first quarter reached a 5 year-high in 2015. No one, including American behemoths McDonald’s (closing 700 stores this year), Proctor & Gamble (cutting 6,000 jobs), and Microsoft (cutting 18,000 jobs) is immune to the stagnating economy.
You could have lots of bank failures. You could have a stock market crash. All this money that the government has created has bulled up the stock market to new highs. So, the next step is likely to be down.
A lot of people have assets in the stock market, and if they don’t, their pension funds are in the stock market. Most of the cities in this country have and most of the states in this country have gigantic pension liabilities that are underfunded, underfunded even though the stock market is at all-time highs and the bond market is in a super bubble.
As former 22-year U.S. Congressman Ron Paul says:
“They will do what they think is necessary and they’ll use force, intimidation, and guns, because you can’t challenge the state’s so called right to control the money. They will confiscate retirement funds if they need to do it. Eventually, if you have private funds, the people I know in Washington, they’re quite capable of saying, You’ve got to save the country, you can buy Treasury bills from now on!”
When interest rates inevitably go up from these artificially suppressed levels where they are now, and they will go up, the bond market is going to collapse, the stock market is going to collapse, and with it, the real estate market is going to collapse. Then pension funds are going to be wiped out. What’s going to happen after that? A very bad situation develops with a business crisis. The U.S. is digging itself in deeper and deeper.
Business Crisis linked to currency crisis
We are going to have a major and unprecedented currency crisis here in the United States. You simply cannot QUADRUPLE the money supply in six years (and more than double the national debt over roughly the same time) without severe and catastrophic consequences.
THINK ABOUT IT: It took our nation 216 years to rack up the first $8.5 trillion in debt… then just 8 more years to double that amount.
It’s only a matter of time before investors and governments around the globe realize that the U.S. dollar is not the sanctuary it once was– and that’s when the real crisis will begin.