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As an attorney, I was trained to follow the evidence and to only come to conclusions that were warranted by the facts and, right now 4 patterns are developing that also happened just prior to the great financial crisis of 2008 and, as such, provide strong evidence that a deflationary financial collapse is right around the corner.
The above comments, and those below, have been edited by munKNEE.com (Your Key to Making Money!) for the sake of clarity [] and brevity (…) to provide a fast and easy read and have been excerpted from an article* by Michael Snyder (theeconomiccollapseblog.com) originally entitled 4 Things That Are Happening Today That Indicate That A Deflationary Financial Collapse Is Imminent which can be read in its entirety HERE.
The response by national governments and global central banks to this horrific financial crisis will cause tremendous inflation down the road, but that comes later. What comes first is a crisis that will initially look a lot like 2008, but will ultimately prove to be much worse.
The following are 4 things that are happening right now that indicate that a deflationary financial collapse is imminent (go HERE for details):
- Commodities are crashing
- Oil is crashing
- Gold is crashing
- The U.S. Dollar Index is surging
If a 2008-style financial crisis was imminent, the above are the kinds of things that we would expect to see happen.
The above are not the only signs that are pointing to big problems in our immediate future:
- the last time there was a major stock market crash in China, it came just before the great U.S. stock market crash in the fall of 2008. This is something that I covered in my previous article entitled “Guess What Happened The Last Time The Chinese Stock Market Crashed Like This?”
Most people do not see it because they do not want to see it. They are far more concerned with making themselves happy than they are about pursuing the truth.
Even though the signs are obvious, most people will never see what is coming in advance. I hope that does not happen to you.
*http://theeconomiccollapseblog.com/archives/4-things-that-are-happening-today-that-indicate-that-a-deflationary-financial-collapse-is-imminent
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