Alert Jim Rickards Warns “This Is The Worst Economic Collapse In 150 Years”

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The world’s economy is going into a full-blown economic collapse. There’s nothing new here. We all know things are going bad and all economics, political and social models are changing quicker than we thought. This health crisis we’re facing is a historical moment, and we have to keep up with it. So, why is this the worst economic collapse that most people alive ever faced?

Jim Rickards warned and showed us that the academic approach does not deliver what the recent scenario needs. Most economic theories surround a society that no longer exists, so none of the solutions that the academy provides are helpful. Of course, not all thesis. Kenneth Rogoff shows in his work that the debt-to-GDP ratio- which means the ability countries have to pay back they’re debts- higher than 90% deny the Keynesian multiplier (an economic theory that shows any government spent generate cycles that increase employment and prosperity, regardless from of spending), which implies that a dollar borrowed and or spent will produce only $0.90 of GPD in these proportion. The perfect case of “You can’t borrow your way out of a debt crisis”.
In reality, before the health crisis, the U.S debt-to-GPD ratio was already 105%, and it’s only getting worse. Rogoff’s prediction for the outbreak recovery is terrifying. He defines it as the New Depression, being worst than the Great Depression (1920′) and the 2008 collapse.
Looking at the grand scenario, we have to understand what this emergency moment does to our politics and society. Three complex systems that affect one another (health crisis – economic collapse – political crisis). Analyzing one of these systems is already difficult, a bit more challenging when all three interact simultaneously. The situation produces a feedback circuit, a “Black Swan” (a metaphor that describes a surprising, unexpected event, based on an ancient proverb that presumes black swans didn’t exist). Probably the blackest swan ever seen by people alive.
Rickards says that this situation is as contagious for humankind just as much to the financial market. In public health matters, it means a disease transmissible human to human through body fluids, shared needles, shared and or infected food/ utensils, and many other ways. In financial matters, it can be a bank that did business with a failed entity, then to stockholders, and other banks, creating a financial distress and worldwide panic, such as the 2008 crisis. In both situations, we have the “patient zero”. In public health, because of the latency, some illness has, the first person who caries it can infect hundreds of people before even knowing they are affected. Such as a “financial patient zero”, being one bank or broker going bankrupt. But still, this comparison is much more than a metaphor. The health crisis is turning into an economic collapse.

Jim Rickards categorizes the three-system analysis being the initial point for the upcoming Social Disorder state. It begins with a public health issue (widespread illness), that guide to a government intermission (such as the social distancing order all around the globe), resulting in a financial crisis (example, high unemployment rates), leading to a social collapse involving random violence, looting, fraud, scams, and overall degenerate conduct.

We can already see so many examples throughout the world, such as the Michigan riots, the so-called “Operation Gridlock”, organized by the Michigan Conservative Coalition. The group request that Governor Gretchen Whitmer reopens the local economy on May 1st.
Locals are not at all happy with the stay at home public health order that collapsed the economy. Strikers claimed that they can make their own health decisions, and the state does not have to tell them what to do. In these riots, we saw many protestors carrying a shit tone os weapons, dressed in body armors, intimidating politicians and the overall population, surrounding Michigan’s state Capitol building.

This situation could never be predicted by anyone anywhere. Our whole financial system is collapsing, and all prognosis of global GPD is quite pessimistic, all in a down-hill scenario. In the industrialized economical systems, that hold almost 70% of the world’s workforce, innumerable small and medium commerces will collapse into the New Great Depression. That means more than 47 million workers, just in the U.S, unemployed. Consequences will be seen in every aspect of contemporary life. Politics, social and moral standards will be completely demolished….

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Think Leverage, The Economic Plan Was To Get Leverage Over The [CB] – Episode 2150a

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Report date: 04.16.2020

The [CB] has now pushed the country to the edge, the patriots are now countering it with currency from the [CB]. The plan was about gaining leverage, to bring companies back to the US, by force if necessary. This leverage is undoing they have done to the US economy since 1913. The [DS]/MSM/D’s plan has failed, Trump is getting ready to open everything back up.

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Most of artwork that are included with these videos have been created by X22 Report and they are used as a representation of the subject matter. The representative artwork included with these videos shall not be construed as the actual events that are taking place.

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Use the information found in these videos as a starting point for conducting your own research and conduct your own due diligence before making any significant investing decisions.

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Clear You Mind, The Choice To Know Will Be Yours, [Knowingly] – Episode 2150b

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Report date: 04.16.2020

The [DS]/MSM/D’s plan has failed, Trump is getting ready to open everything back up. Now we see investigations into where the [V] really originated from. The clock is ticking down. Information is going start to flow out, some we already know, other information will be very difficult to comprehend, the choice will be yours how far down the rabbit hole you want to go. The [DS] knowingly knew exactly what they were doing.

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Most of artwork that are included with these videos have been created by X22 Report and they are used as a representation of the subject matter. The representative artwork included with these videos shall not be construed as the actual events that are taking place.

Intro Video Music: YouTube Free Music: Cataclysmic Molten Core by Jingle Punks

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Fair Use Notice: This video contains some copyrighted material whose use has not been authorized by the copyright owners. We believe that this not-for-profit, educational, and/or criticism or commentary use on the Web constitutes a fair use of the copyrighted material (as provided for in section 107 of the US Copyright Law. If you wish to use this copyrighted material for purposes that go beyond fair use, you must obtain permission from the copyright owner. Fair Use notwithstanding we will immediately comply with any copyright owner who wants their material removed or modified, wants us to link to their web site, or wants us to add their photo.

The X22 Report is “one man’s opinion”. Anything that is said on the report is either opinion, criticism, information or commentary, If making any type of investment or legal decision it would be wise to contact or consult a professional before making that decision.

Use the information found in these videos as a starting point for conducting your own research and conduct your own due diligence before making any significant investing decisions.

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Alert 22 Million Unemployed Workers! America Lost All Jobs That Created Since The Great Recession

Throughout the past few weeks, more than 22 million Americans have applied for unemployment insurance, an absolute historic record. Even before the crisis, the number of orders had reached 600,000 in a week, but now, this count easily exceeds millions. According to The Wall Street Journal, a second round of layoffs has started in the US. Since the lockdown has begun its effects were alarming and in a four-week-gap, 22 million workers became unemployed.

At the first moment, the main victims of the lockdown effects were the most unprotected financially such as retail employees, and those who worked in places that needed to be shut down due to the disease-spreading, such as malls, hotels and restaurants. But many workers who thought their job positions would remain intact until the end of this economic crisis were caught on the wrong foot with a second wave of layoffs. On the report, lawyers, government and even health care workers who aren’t involved in fighting this crisis are now facing huge uncertainty about how long their jobs are still going to be safe, because it’s only a matter of time until they’re affected too. So far nearly 22 million Americans have reached for unemployment benefits in the past four weeks, exceeding any other period of mass layoffs recorded in history since World War II. The chief US economist of Oxford Economics, a UK based forecasting and consulting firm, Gregory Daco, foresees that 27.9 million jobs will be lost, and industries other than those ordered to stop their activities will account for 8 million to 10 million, a level of job destruction compared with the great recession.

The longer unemployment stays high, the greater the hardship will be, as health insurance and unemployment benefits run out. The biggest question about the job perspective now is how long it will take for jobs to recover, which depends a lot on how long the disease control and social distancing measures will last. The consensus among economists surveyed by the Journal is that employment will return to the level it was in February 2020 in roughly 27 months, but the outlooks varied widely.

As maintained by economist Amy Crews Cutts, of AC Cutts & Associates LLC, it is expected that the labor market takes 5 and a half years to fully recover. Even if the enormous scale of job cuts don’t worsen so bad in the future, there is “an extraordinary number of jobs to reverse and put back into the economy,” she said.
Colorado and Washington require large employers to specify whether layoffs are temporary or permanent and this year, 70% have been temporary. In the previous recession, less than 1% were. But we well know that in this moment we are all at, time doesn’t seem to be an ally anymore.

Of course this is just only the beginning of the end.  All of the economic and financial bubbles are bursting, and this is going to cause severe distress on the national, state, local and community levels.

All of the dominoes are going to be falling, and we are going to see financial chaos like we have never seen before.

We could have avoided this scenario if we had learned our lessons from the last financial crisis and had fundamentally rebuilt our financial system from the ground up using sound economic principles.

For more economic collapse news visit our website: https://www.epiceconomist.com

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Prepare Yourself, The Patriots Are Going To Show Us A New Economic Reality – Episode 2149a

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Report date: 04.15.2020

Trump and the patriots are preparing the economy to open, everything is in place, Trump has control of the country through the NE, DPA and the signed emergency declaration. Trump has brought the Fed into the Treasury and the checks are going out to the people. The economy is going to be like nothing we have ever seen

All source links to the report can be found on the x22report.com site.

Most of artwork that are included with these videos have been created by X22 Report and they are used as a representation of the subject matter. The representative artwork included with these videos shall not be construed as the actual events that are taking place.

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Fair Use Notice: This video contains some copyrighted material whose use has not been authorized by the copyright owners. We believe that this not-for-profit, educational, and/or criticism or commentary use on the Web constitutes a fair use of the copyrighted material (as provided for in section 107 of the US Copyright Law. If you wish to use this copyrighted material for purposes that go beyond fair use, you must obtain permission from the copyright owner. Fair Use notwithstanding we will immediately comply with any copyright owner who wants their material removed or modified, wants us to link to their web site, or wants us to add their photo.

The X22 Report is “one man’s opinion”. Anything that is said on the report is either opinion, criticism, information or commentary, If making any type of investment or legal decision it would be wise to contact or consult a professional before making that decision.

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Facts Will Be Presented, We Are Ready, Think Barr, Durham FISA – Episode 2149b

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Report date: 04.15.2020

The clock is now ticking down for the [DS]/D’s and the MSM, The invisible enemy has now lost. Trump is going to bring the country out of the GP and will introduce HQ as the cure. This is the beginning to show that there are other cures out there that were hidden from us. FISA is the start, and every time Trump removes the [DS] funding they feel pain, we are now ready, facts will be presented.

All source links to the report can be found on the x22report.com site.

Most of artwork that are included with these videos have been created by X22 Report and they are used as a representation of the subject matter. The representative artwork included with these videos shall not be construed as the actual events that are taking place.

Intro Video Music: YouTube Free Music: Cataclysmic Molten Core by Jingle Punks

Intro Music: YouTube Free Music: Warrior Strife by Jingle Punks

Fair Use Notice: This video contains some copyrighted material whose use has not been authorized by the copyright owners. We believe that this not-for-profit, educational, and/or criticism or commentary use on the Web constitutes a fair use of the copyrighted material (as provided for in section 107 of the US Copyright Law. If you wish to use this copyrighted material for purposes that go beyond fair use, you must obtain permission from the copyright owner. Fair Use notwithstanding we will immediately comply with any copyright owner who wants their material removed or modified, wants us to link to their web site, or wants us to add their photo.

The X22 Report is “one man’s opinion”. Anything that is said on the report is either opinion, criticism, information or commentary, If making any type of investment or legal decision it would be wise to contact or consult a professional before making that decision.

Use the information found in these videos as a starting point for conducting your own research and conduct your own due diligence before making any significant investing decisions.

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10 Signs Of Housing Market Crash 2020 The Worst Real Estate Crash Since The Great Depression !!

Will the housing market crash happen in 2020?

While some people believe the health crisis will soon disappear, others can be overly anxious about how long it’s still going to last and how deep the consequences of this outburst could hit them.

A number of Americans are already feeling a hint of the weight of this economic collapse on their backs. And in this video, we’re going to asset the imminent real estate crash that is concerning many of them. The stock market crash has made investors and home buyers discouraged and wondering if the housing market isn’t the next piece in this domino-effect-fall.

As stated by a survey done in April by the National Association of Realtors, 90% of their members affirmed the current outbreak has considerably decreased home buyer interest. More than half of the clients decided to postpone their purchase until the situation calms down a bit more and two-thirds of them are expecting lower prices.

In this video we will show you 10 warning signs that can help you predict an incoming housing crash. Using this list as a base and adding guidance from the data we collected from renowned web portals such as Investopedia, Ratehub and PR Newswire, we are going to explain how every one of these aspects can contribute to a collapse in this market on a greater to a lower extent.

With this list we can see from many different angles the possibility of a housing market crash sometime soon. All the conditions seem to be adding up to an eruption on many fronts. There is another outburst about to form.

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The Patriots Are Now In Position, The Economic System Is Ready – Episode 2148a

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Report date:04.14.2020

Trump and the patriots have positioned the economy, it is ready to be opened. But the DS/[CB] players are trying to keep the system closed or trying to make it hard for Trump to open up the economy. Trump the patriots have already accounted for this. The patriots are now set and ready, it has been planned and positioned from the beginning.

All source links to the report can be found on the x22report.com site.

Most of artwork that are included with these videos have been created by X22 Report and they are used as a representation of the subject matter. The representative artwork included with these videos shall not be construed as the actual events that are taking place.

Intro Video Music: YouTube Free Music: Cataclysmic Molten Core by Jingle Punks

Intro Music: YouTube Free Music: Warrior Strife by Jingle Punks

Fair Use Notice: This video contains some copyrighted material whose use has not been authorized by the copyright owners. We believe that this not-for-profit, educational, and/or criticism or commentary use on the Web constitutes a fair use of the copyrighted material (as provided for in section 107 of the US Copyright Law. If you wish to use this copyrighted material for purposes that go beyond fair use, you must obtain permission from the copyright owner. Fair Use notwithstanding we will immediately comply with any copyright owner who wants their material removed or modified, wants us to link to their web site, or wants us to add their photo.

The X22 Report is “one man’s opinion”. Anything that is said on the report is either opinion, criticism, information or commentary, If making any type of investment or legal decision it would be wise to contact or consult a professional before making that decision.

Use the information found in these videos as a starting point for conducting your own research and conduct your own due diligence before making any significant investing decisions.

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“The Truth Is Learned, Never Told”, Countdown To Treason, Blackout Coming – Episode 2148b

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Report date: 04.14.2020

The [DS]/MSM latest event has no failed, Trump is talking about opening up the country, states are working to open the economy, which is against the constitution. Trump now has the power, think DPA, National Emergency, the emergency declaration signed by each state. The [DS] will stop at nothing they are planning a social media blackout, the question once again when do you play the Trump card.

All source links to the report can be found on the x22report.com site.

Most of artwork that are included with these videos have been created by X22 Report and they are used as a representation of the subject matter. The representative artwork included with these videos shall not be construed as the actual events that are taking place.

Intro Video Music: YouTube Free Music: Cataclysmic Molten Core by Jingle Punks

Intro Music: YouTube Free Music: Warrior Strife by Jingle Punks

Fair Use Notice: This video contains some copyrighted material whose use has not been authorized by the copyright owners. We believe that this not-for-profit, educational, and/or criticism or commentary use on the Web constitutes a fair use of the copyrighted material (as provided for in section 107 of the US Copyright Law. If you wish to use this copyrighted material for purposes that go beyond fair use, you must obtain permission from the copyright owner. Fair Use notwithstanding we will immediately comply with any copyright owner who wants their material removed or modified, wants us to link to their web site, or wants us to add their photo.

The X22 Report is “one man’s opinion”. Anything that is said on the report is either opinion, criticism, information or commentary, If making any type of investment or legal decision it would be wise to contact or consult a professional before making that decision.

Use the information found in these videos as a starting point for conducting your own research and conduct your own due diligence before making any significant investing decisions.

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Emerging Market Apocalypse Is Imminent And Will Flooded By Food Shortage, Social Unrest

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So far, we have covered several topics on how the United States, China, and some European Union countries are handling the economic collapse that resulted from the financial and global health crisis.

But today, the emerging market is going to receive some attention, and we’re going to discuss the economic situations at the present moment and how the emerging country’s future will be affected. According to a global survey carried out by the United Nations Conference on Trade and Development (Unctad), the speed in which the current economic collapse wave reached developing countries is worryingly dramatic, even if we compare with the global financial crisis of 2008.
One of the highlighted points inside this report is that times of crisis often lead to capital flights from emerging markets, as investors seek assets for refuge and tend to buy US Treasuries – used as a “safe” alternative to preserve capital, but as we discussed in previous videos, this security is likely to be considerably reduced soon. Between February and March alone, $59 billion had been removed from these emerging markets and this is more than double the exits experienced by the same countries in the immediate aftermath of 2008’s global financial crisis. At that time, there was a $26.7 billion flight. And we well know that we are only at the beginning of this crisis.
Moreover, the local effects of the disease and the prices of certain commodities were also unfavorable to many of these countries and this seems to be only the beginning of the storm, as emerging economies have fewer opportunities for fiscal and monetary maneuvers. Besides the global aspects, there are regional specific factors for each country. Despite being the original epicenter of the health crisis, China remained almost untouched according to recent analysis. Countries in eastern and southern Asia, except from Indonesia and the Philippines, appear to have been only slightly affected. This may reflect both the incomplete integration of its financial markets and the market’s perception of its relatively strong macroeconomic funds. Eastern Europe, Hungary, Poland and Romania were also barely affected.

On the other hand, commodity producers were heavily affected by price drops, similar to what happened in 2008-2009. The collapse of the OPEC-plus cartel in early March 2020, further reduced the already decreasing price of the oil. This has reflected in the performance of the main market indicators, mainly the sovereign debt, foreign exchange rates, and equities, indicating that a deep deterioration is happening in several other emerging countries, that estimate reduced growth expectations, such as Mexico, Russia, Nigeria, Colombia, Brazil, and Indonesia.
Finally, emerging economies that have already had problems with macroeconomic and financial stability, for example, Argentina, Costa Rica, Nigeria, Pakistan, Turkey and Ukraine have been more affected than others.In addition to this, it is important to remember that the health crisis will be followed by a shortage of goods and food and social unrest. But even before the disease hit these countries directly, they had already been negatively affected by the economic impact of the crash in China and other parts of the developed world.Most emerging countries have very poor health systems, not enough beds and hospital breathers, crowded cities and slums and large numbers of workers who receive daily wages or work informally and aren’t able to work remotely.

So we can forecast that for many emerging countries, this health crisis will quickly become a humanitarian crisis and, ultimately, a solvency crisis. Political stability will only be the cherry on top of the cake.

After considering all these factors, you may be asking yourself:

How will the global economic collapse will affect the economy of these countries? Are we moving towards a global recession? and What could be done to try to reduce the impacts of the economic collapse on emerging economies? We’re going to try to give you some answers in this video.

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