Economic Collapse Has Begun! Experts Warn To Prepare For The Imminent Stock Market CRASH!

We're Heading For Economic Collapse No Matter What The Fed Does With Rates. The main reason the Fed is cutting rates is to try to keep the air from coming out of the stock market bubble. Many experts are agreed that a horrific stock market crash is coming, noting that we are overdue for a depression.

Democratic presidential candidate Elizabeth Warren is also sounding the alarm.  In an opinion piece that she put out on Monday, she boldly warned that an “economic crash” is coming.  Actually, much of her article sounds like it could have come directly from Epic Economist youtube channel, and her analysis of the current state of the U.S. economy was right on the money.  Of course her proposed “solutions” are completely and totally nuts, and we will discuss that later in the video.  But it is quite remarkable that a woman that has a really, really good chance of becoming the next president of the United States is saying so many of the exact same things that I have been saying about the imminent stock market crash and next Great Depression. Everything that she said there is true.  The manufacturing sector is definitely slowing down, and without a doubt U.S. households are drowning in debt. Warren elaborated on the unprecedented debt problems that U.S. families are currently facing. Today, 59 percent of Americans are living paycheck to paycheck, and even a mild recession would be absolutely disastrous for tens of millions of American families.  During the coming economic collapse we are likely to see debt defaults go through the roof, and Warren has correctly identified how vulnerable we are right now. And she also accurately detailed the problems that the U.S. manufacturing sector is facing.

Of course it isn’t just U.S. manufacturing that is struggling right now.  We haven’t seen global manufacturing numbers this bad since the last economic crisis, and this is something that I detailed in a previous article.
In addition, it appears that we are about to get confirmation that we have now entered an “earnings recession”.

The next economic collapse that many experts are warning about is likely to be here.  But no amount of “free stuff” is going to fix things, and the truth is that socialism never works on a long-term basis.

Script written by Michael Snyder, author of: www.theeconomiccollapseblog.com

Music:
CO.AG Music

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

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