How The Global Financial Crisis Will Hit America in 2012
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Why The US Cannot Escape the Global Financial Crisis of 2012....
First it was Iceland, then Greece, then Italy and Spain to herald the Global Financial Crisis. Each country had amassed more debt than they could pay and the European Union is facing a collapse.
Even if the United States didn't have it's own massive debt, the European Crisis would through America into a deep recession, with all the banks failing and the debt being defaulted on.
However, the national debt of the US is actually as big or bigger than these European countries, and it grows worse each year.
Even if the United States didn't have it's own massive debt, the European Crisis would through America into a deep recession, with all the banks failing and the debt being defaulted on.
However, the national debt of the US is actually as big or bigger than these European countries, and it grows worse each year.
What To Watch For as the Global Financial Crisis Unfolds
It Will Start With the Stock Market
Some prices will actually start to drop as consumers spend less and the economy slows down even more.
Unemployment will surge as mass layoffs are necessary.
The government will print more money in even greater "stimulus" attempts, which will cause inflation to soar.
First There Will Be Plenty of Food
That is, IF You Can Afford It...
Inflation will turn to hyperinflation as businesses can't raise their prices fast enough to keep up and soon food will become very, very expensive. History shows in other countries where this scenario played out that food went from 10% of a family's budget to 90% within a year or two.
You will notice Food Prices Rising Even Faster in 2012 and suddenly it will accelerate into Food Shortages.
Suddenly, Store Shelves Will Be Empty
The Turning Point is a Breakdown in the Supply Chain
This is the tipping point - the global food crisis turns into America's first American Food Shortage of the 21st century.
Only those who had the wisdom to prepare will be able to preserve some semblance of normalcy. The rest will suffer.
More and more experts are predicting food riots in America in 2012.
A Great Resource for Surviving the Financial Crisis
Save Money on Your Food Bills
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Guestbook Comments
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ddanton
Feb 15, 2012 @ 2:48 pm | delete
- Greek don't want to make difficult reform or they want to preserve the situation. They are responsible for the terrible situation in this country. http://www.jp2love.com/interviews,9,Honesty-first.html
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timo5150
Dec 16, 2011 @ 2:20 pm | delete
- Lol good video but how true. Wake up people. I don't want to hear anybody crying I didn't know what was coming when its everywhere. Open your eyes pay attention because if you don't your headed for a big surprise. This was much less a big deal during the depression as it will be this time because as a rule most people were much more self reliant than they are today.
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