The U.S. Economy Collapse Is Imminent - Here's What You Need to Kno...

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Concerns of the U.S. economy collapsing has been a growing fear that is looking more likely each day. Last Tuesday, an article RT published stated that the "US stock plunge following a massive selloff on global markets is seen by some analysts as a sign of more bad things to come." We've all been hearing about some sort of a crash for some time now, which signs have been pointing to such an event.

US stocks recovered but finished lower after a wild day on Wall Street. By the closing bell, the Dow was down 126 points, or 0.5 percent, recovering most of its early losses. The Nasdaq closed down 0.4 percent, while the S&P 500 shed 15 points, finishing 0.6 percent lower.

Peter Schiff, who is "an American stock broker, financial commentator, and radio personality", recently spoke out about this subject. He reported to RT that...

All the signs are already there. Look at what's happening out there. The stock market is falling, 40 percent of the S&P is already in a bear market. Look at homebuilders, the housing stocks, the financials, the retailers – all these are the same things that were happening in 2007 leading to that crisis.

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Not only is Mr. Schiff concerned about an economic crisis, but also a political one as well. He is urging people to be prepared for both! He also believes that from the crash of 2008 and the enormous debt we have accrued it is only getting worse. The Federal Reserve has kept the debt rising higher as they have insisted we continue to borrow more. This is creating more of an issue, especially since this problem is being set aside and the debt is not being paid back. Interest rates are beginning to rise and people on a national level are not going to be able to pay for what they borrowed. The current Presidency is also spending and borrowing more money adding to the push towards collapse. Are you beginning to see the trend? Mr. Schiff does offer some advice.

'So, what you've got to do is get out of US dollar assets. The dollar is going to be the biggest casualty along with the American standard of living,' he said, adding that foreign stock markets, especially emerging markets, currently depressed by the strong dollar would see a strong rise.

'They are going to see a boom, when the dollar weakens,' Schiff said.

'Look at the price of gold up another eight bucks, but it's still about $1,230, gold's going to new highs, it was at $1,900 in 2011, it's going to go much higher this time,' the analyst added.

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Mr. Schiff believes that there is no turning back and fixing this problem now. How so? He stated that "it's impossible, because in fact we kept it going so long that collapse is going to be that much bigger, and sooner we face that reality the better. But no politician wants to face that reality, they want to pretend everything is great." Think about this for a moment, why do you think so many countries are stockpiling gold? Not only due to a large amount of U.S. debt that has been accrued, but the aggressive policies and trade wars are making countries want to leave the U.S. dollar and find other means. They don't want to go down with the U.S. either. These countries have also been investing and finding ways around sanctions by using cryptocurrency. Analyst, Mikhail Mashchenko, stated:

'The aggressive US policy in recent years has forced some countries to look for an alternative to the dollar and replenish their gold reserves. Worries about the future growth of global economy are an additional incentive for purchases. Many question Donald Trump’s protectionism,' the analyst added.

'Many countries are buying gold in advance. They understand that paper money is constantly eaten up by inflation, equities will sharply fall in price in case of a crisis, and foreign deposits can be arrested, confiscated or frozen.'

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What is the takeaway here?

The U.S. economy is hanging by a thread
The trends and telltale signs are there for a collapse
Gold and cryptocurrency will dominate

So, since so many are tied in with the U.S. economy what is the best option to not lose everything when this collapse does occur? Invest in an asset-backed cryptocurrency. GODcoin is just that! It is a cryptocurrency that will be backed by gold and silver. This is one of the only asset-backed cryptocurrencies out there, and as we can see, only gold and cryptocurrencies will be able to survive this looming collapse. Even though we have been hearing about this for a while, time is running out and you should invest while you still can so you don't lose it all!

This article was authored by Judith Monte, Hive account@belovebelight

There are many advantages to GODcoin especially since it is one of the few coins that will be backed by gold and silver. Not only does GODcoin offer the illuminated path towards a prosperous future, but very soon, it will be the global currency. To learn more, visit the following links: