👉What Will Cause The Next Recession & Economic Collapse ?

What Will Cause The Next Recession & Economy Collapse ?
The US economy is a fantastic illusion of prosperity built on Debt from years of central bank involvement of depressing interest rates. The stock market advance has been fueled by over a decade of low-interest rates and records corporate debt issuance for share buybacks. The housing market is an illusion, as well. This cannot end well.
There will be a reversion to the mean.
Student loans, mortgages, credit card debt, car loans, etc. The bills are coming due, and people need to pay it off before they can spend money again.
The DEBT is insurmountable. Medicare and Social Security are both bankrupt. This will NOT go over well with the American people.
This house of cards created with $23 Trillion in Debt will eventually come down.

The core issue is we allowed the political elites to devalue the true meaning of money to the point the global monetary system has turned into a massive Ponzi scheme.
Here are a few truths I do know.
Gold is money; everything else is credit.
That includes the dollar.
The US Government deficit was roughly $670 Billion during 2017. It increased to $1.2 Trillion in 2018. In 2019 it was around $1.8 Trillion.

This is a trend. And Gold looks like it wants to go higher.
It's a Recession if your Neighbor loses their job, it's a Depression if you lose yours, perspective is everything.

Prediction?
Everything will be fine until it's not!


Economists are like weather forecasters.
We spend about a third of our time in recessions.
Recessions are hard to predict until they're upon you.
I don't know the answer.
These things are hard to predict.
The boom has lasted since 2012, but it doesn't feel so much like a boom because it's recovery from the worst recession since the Great Depression, and I don't see the euphoria that we've seen in previous booms.
The US is very late-cycle, and unless there's more policy stimulus into the market, the country looks like its headed toward a recession.
Buckle up because the trickle-down debt economy is on Zombie Drive!
Welcome to The Atlantis Report.
The recession is here already.
Everyone is paying more and more for goods and services, while wages are not keeping up with all of this. Instead, we're getting a daily diet of lies concerning the economy from Trump, and the Federal Reserve. In 2008 when the housing market crashed, one day, your house was worth something, and the very next day, it was worth nothing, and before the crash happened, the lying government and Federal Reserve were saying that the economy was booming then too. Don't let Trump and the Federal Reserve pull the wool over your eyes. Remember, Trump has been impeached and has done basically nothing for anyone but himself since he took office in 2016.
So stop believing Trump's fairy tales about the economy and the lousy housing market. It's going to crash very soon, and just like every lame-duck president, Trump will continue to make false claims, and false promises, while blaming the Democrats, the Federal Reserve, and anyone who crosses his path. WE ARE IN A BUBBLE ALREADY!
👉 For the full transcript go to
👉 Donate to help The Channel:
👉 Amazon Affiliate Links :
Support the channel by clicking here before you start shopping on Amazon: (heck, even bookmark it for future use if you're feeling extra generous).
Thank you to all my loyal fans i love each and everyone one of you Please **like and subscribe**
👉 Follow us on Facebook :

and on twitter :
👉Recommended Economic and Financial books :
Destined for War: Can America and China Escape Thucydides's Trap?

How an Economy Grows and Why It Crashes by Peter Schiff :

Bitcoin: The End Of Money As We Know It

The Death of Money: The Coming Collapse of the International Monetary System

COPYRIGHT DISCLAIMER:
Under section 107 of the Copyright Act of 1976, allowance is made for “fair use” for purposes such as criticism, comment, news reporting, teaching, scholarship, education and research.
This presentation contains images that were used under a Creative Commons License. Click here to see the full list of images and attributions:

documentary,Greg Mannarino,Ray Dalio,Recession 2020,economic collapse confirmed,Gold,robert kiyosaki rich dad poor dad,ww3,deutsche bank,economic collapse blog,Recession,recession 2020 documentary,US Recession,recession coming,recession explained,financial crisis 2020,peter schiff recession,Warren Buffett Recession,Ray Dalio Recession,Gerald Celente Recession,Max Keiser,Marc Faber,Jim Rogers,Nouriel Roubini,Robert Kiyosaki,Kyle Bass,recession 2022,