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#HARVARD Economist Predicts USD COLLAPSE Will Occur new – Time Running Out For AMERICA


HARVARD Economist Predicts #USD COLLAPSE Will Occur new – Time Running Out For #AMERICA\r
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We understand that Doomsday predictions are aplenty these days, but given whats going on around the world right now it may be time to revisit the eerily prescient forecast of an elite insider.\r
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Grady Means is a former advisor to Vice President Nelson Rockefeller, a former economist at the U.S. Department of Health, Education and Welfare, and has managed multi-billion dollar firms over his career. Back in October of new Means penned a commentary and analysis for the Washington Times in which he noted that Americas fall will take global economies with it.\r
But he didnt stop there. Means gave us a target date. There is a very large probability that the real end of the world will occur around March 4, new. The doomsday clock will ring then because the U.S. economy may fully crash around that date, which will, in turn, bring down all world economies and all hope of any recovery for the foreseeable future — certainly over the course of most of our lifetimes. Interest rates will skyrocket, businesses will fail, unemployment will go to record levels, material and food shortages will be rampant, and there could be major social unrest. Any wishful thinking that America is in a recovery and that things are getting better is an illusion. The central issue is confidence in America, and the world is losing confidence quickly. At a certain point, soon, the United States will reach a level of deficit spending and debt at which the countries of the world will lose faith in America and begin to withdraw their investments. Many leading economists and bankers think another trillion dollars or so may do it. A run on the bank will start suddenly, build quickly and snowball. At that point, we will need to finance our own deficit, and we will not be able to do so. We will raise bond rates to re-attr foreign investment, interest rates will go up, and businesses will fail. Unemployment will skyrocket.\r
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The rest of the world will fully crash along with us. \r
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But thats not all. Even the largest retailer in the world is having problems and seeing negative growth. Walmart announced that last Novembers cuts to food stamp recipients hurt their fourth quarter sales, adding further credence to the notion that without direct government bailouts the stability of Americas companies comes into question.\r
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Those investing in financial markets have certainly taken note. On top of the 326 point decline in the Dow Jones today, the market is down a combined 1,000 points from its peak just a month ago. And, with three well known bankers committing suicide in the last week, people are starting to pay attention.\r
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We could well be facing the beginnings of an all-out financial Armageddon that will make 2008 look like a brief warm up.\r
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This collapse, as noted by the US Treasury Department and Grady Means, is going to have generational effects — a depressive economic environment for our entire lifetimes.\r
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Preparing for such a scenario is not easy. One must take into consideration everything from emergency supply lists to deal with the instantaneous collapse of our monetary system and financial markets, while also considering long-term strategies that involve the development of barterable trade skills and relocating to land that has productive capacity so you can grow your own food.\r
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We had a reader recently comment about the coming collapse. She warned that preparing for a weeks- or months-long emergency is insufficient. She suggested that perhaps we need to consider the worst case scenario: years of joblessness, destitution and depression.

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