These days, everywhere you look, pundits are warning to prepare for the end of the US Dollar! There’s a very good reason why the rich are vacating the major cities around the world, and it’s the same reason so many of the super wealthy here in the U.S. are even going so far as to renouncing their citizenship at great personal cost. They KNOW what’s coming! The largest global reset in human history! For that reason, they are getting as far from heavily populated areas as possible!
As the video below explains, the curtain is about to come down on the U.S. economy, and it’s all by design. While cheap gas seems to be a perfect remedy for a country with over 100,000,000 Americans out of work, the reality is the cheap gas is actually the final nail in America’s coffin. Between the artificially inflated stock market in search of a pin, the US Dollar on the verge of collapse, and the illusion that cheap gas is helping us, Obama has set the stage for financial Armageddon once he leaves office. With any luck, it will hit while he’s still in office.
What I said back in January of 2015, and what Harry Dent echoes in: Economic implosion will lead to stock market at 5,000 by 2017, is that the problem with $2.25 gas (the price at the time), or lower, was that all those fracking companies financed the building of their infrastructure and their operations with $TRILLIONS in bonds, bonds they won’t be able to pay back, because they did so assuming oil prices would remain at around $100 a barrel and continue to move north at a hefty rate.
In January 2016, oil dropped below $30, and it’s currently selling around $30 a barrel, a far cry from over $100. What American’s don’t realize is that Saudi Arabia’s oil infrastructure has been around for decades, so they can get oil up and out of the ground for maybe 1/4 the price of the American fracking companies with all their brand new heavily financed equipment.
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At current prices, it won’t be long until NONE of the fracking operations can pay their investors, and then they’ll ALL go belly up. Presently the junk bonds are paying around 12%, and as Harry Dent confirms, fracking companies CANNOT survive. Why? Because they are high cost producers.
Not only will Saudi Arabia continue to pump oil, thanks to Obama lifting the sanctions on Iran, but Iran will make up for the void in the global supply left when the fracking companies go belly up. So, neither cost nor supply will be affected hardly at all, but oil is just the beginning. With Central Bank policies of zero interest rates, and their ridiculous practice of Quantitative Easing (printing money out of thin air), they artificially inflated the greatest debt bubble in HUMAN HISTORY, and virtually EVERYTHING on the planet is set to burst when the bubble(s) finally go BOOM!
Oil investors will be wiped out, the Dow stocks wiped out, tech stocks wiped out, the S&P gone, real estate prices will drop like a rock… TOTAL GLOBAL RESET, AS DR. JIM WILLIE, PETER SCHIFF, AND MICHAEL SNYDER HAVE BEEN WARNING!
The panicked elite are buying up underground bunkers and/or fleeing to parts unknown as all indications point towards a collapse that will in the words of Economist Peter Schiff be the Earthquake that follows the 2008 tremor. The Chicago Tribune reported that “About 3,000 individuals with net assets of $1 million or more,” left Chicago in the last year alone due to the exploding climate of unrest growing in the City of Chicago.
The writing is on the wall. President Obama in concert with his puppet master George Soros have been turning up the heat on the deteriorating conditions resulting from the United States and the EU’s strategic collapse of the global economy for the last 7 years.
The Wall Street journal reports that the largest Coal company in the United States has filed for bankruptcy, an event that will result in energy costs that will sharply rise on the American middle class like they have in Germany. Germany’s energy policies have gradually doubled the average industrial cost per kilowatt hour as clean and renewable energy can’t carry the load…literally.
Last week Obama began pushing for housing lenders to offer home loans to people with bad credit. What better way to push the economy over the edge than to repeat the same 2008 nightmare. By 2014 Investors had already begun to notice another government fed subprime housing bubble growing.
Investor’s Business Daily wrote in January of 2014 “What stoked housing inflation was federal housing policies designed to boost home ownership among low-income and minority borrowers. In 2008 the bubble burst, wiping out trillions in wealth. Today it’s forming again. Between 2011 and the third quarter of 2013, housing prices rose nearly 6% — triple the increase in rental costs, Wallison says. “Both this bubble and the last one were caused by the government’s housing policies,” Wallison said in a New York Times column. Low down payments — a mere 5% at Fannie and Freddie and just 3.5% at FHA — are fueling the bubble.. Dodd-Frank was supposed to prevent another bubble. But new qualified mortgage rules don’t require a minimum down payment for borrowers in 2014. The country has been misled about “financial reform.”
Infowars has called for Obama’s impeachment on numerous occasions. To no avail, his supposed lame duck presidency heading into the end of his term has been tremendously underestimated. Join me for part two of this report documenting the growing threat that Americans are nothing less than under a full New World Order attack aided and abetted by the Executive branch of the United States.
If it’s not the economy, there will be plenty of other opportunities for Obama to take the country down. Consider my argument for Martial Law as a result of the 2016 elections. At this point, the odds are in Obama’s favor that Martial Law gets declared, and the election suspended. Heck, Clinton’s own biographer believes she will be indicted, and you don’t think that will lead to riots? PLEASE!
The following video from, Why Obama Cannot Be Impeached, and Why We All Pay Dearly lays out the argument why Martial Law is almost a certainty, unbeknownst to most Americans.
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