Is it true that there could be World War III in a few months or a conspiracy theory? Who knows, but we do know that we have had warning signs these past few months that should concern us. For example:
- According to MoneyMorning.com, WWIII because of events in the Middle East and the Ukraine.
- Jim Rickards, the CIA’s Asymmetric Warfare Advisor, says all 16 U.S. Intelligence Agencies have begun to prepare for World War III. It is believed that this could begin within the next 6 months.
These agencies, that include the CIA, FBI, Army, and Navy, they’ve already begun to estimate the impact of the fall of the dollar as the global reserve currency.
And our reign as the world’s leading super power being annihilated in a way equivalent to the end of the British Empire, post-World War II.
And the end game could be a nightmarish scenario, where the world falls into an extended period of global anarchy.
Jim Rickards fears he and his colleagues’ warnings are being ignored by our political leaders and the Federal Reserve, and we’re on the verge of entering the darkest economic period in our nation’s history.
One that will ignite a 25-year Great Depression. … MoneyMorning.com
- CNN exit polls show 78% of Americans said they are worried about the economy, with 69% saying economic conditions are not good. Meanwhile, a full 65% believes the country is on the “wrong track.”
- Truth is, the gap between high- and low-income groups is the widest it has been in 100 years.
- In addition, the number of U.S. consumers who call themselves middle class has never been lower.
These are not the only signs the economy is in trouble. The fact is that there are at least five more signs the U.S. Economy is teetering on the brink disaster.
According to the Census Bureau, the share of Americans who own their homes was 64.4% in the third quarter. That marked the lowest level of homeownershipsince the first quarter of 1995. Meanwhile, the share of first-time buyers was just 29% in September, compared to 40% historically… so much for the “American Dream.”
2. Real wages have been falling for years.
Median inflation-adjusted income last year was $2,100 lower than in 2009 and $3,600 lower than in 2001. And according to recently released data from theSocial Security Administration, 50% of all American workers made less than $28,031 a year, while a whopping 39% brought home less than $20,000.
3. The labor force participate rate has collapsed.
The percentage of people in the work force has dropped to 62.7%, matching the February 1978 lows. A remarkable 92.6 million people are not in the labor force.
4. The typical household is now worth 36% less.
According the Russell Sage Foundation, the inflation-adjusted net worth for the typical household was $87,992 in 2003. Ten years later, it was only $56,335, posting a 36% percent decline. It’s little wonder 40% of Americans reported that their families were “just getting by” or struggling to do so.
5. The velocity of money has fallen to an all-time low.
In a healthy economy, consumers and businesses buy and sell things frequently and money changes hands very rapidly. But when an economy is sick, the rate at which money changes hands drops like a rock. Economists call this the “velocity of money,” and it’s fallen to lowest level ever recorded. With 76% of Americans now living paycheck to paycheck, and millions more dependent on government aid, it’s easy to see why.
But the worst may be yet to come…
A well-connected Washington, D.C. insider recently issued a major warning that could dramatically affect ALL U.S. citizens, but would hit everyday Americans particularly hard.
And with his knowledge about the inner workings of the government, the economy, and the U.S. banking system, he sees some big, major changes ahead for the United States.
In fact, what he’s predicting just might be the final nail in the coffin of the middle class.
For the full story, go here.
Believing this report is true and that we should be concerned about our future as a nation, wouldn’t it be a good idea to make what preparations we can to protect our families from the resulting consequences.
Prepare your family mentally, emotionally, spiritually, and physically to get through the life’s storms that are surely coming.
The absence of caused by our nation’s dollar collapsing and being in World War III will leave us vulnerable enough to accept New World Order. We cannot do anything about events taking place in the world but we can do something about protecting our families from the fallout of such events.