The ‘Unthinkable’ Could Happen

The ‘Unthinkable’ Could Happen
Wall Street Journal

More than 1 million Americans have heard the evidence for 50% unemployment, 90% stock market crash, and 100% inflation. Be prepared. Watch the Aftershock Survival Summit Now, See the Evidence.

VIDEO:
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I do believe we have some very tough times ahead for our country. And, most in Washington are refusing to address the true scope of the situation. And, millions of Americans will face some difficult hills to climb to avoid getting caught up in this economic disaster I see unfolding. There is no getting around that. We are past the point of no return. And, people are starting to realize this.

We definitely will NOT see hyperinflation. Hyperinflation is 50 percent a month, or thousands of percent a year. We aren't Zimbabwe. And don't listen to any economist who says it'll get that bad for us. But we absolutely could see 100 percent annual inflation for a three-year consecutive stretch. Which of course would be a complete disaster for those who are not prepared. But what many don't know, is that the most damage will be felt between 10, 20, maybe 30 percent inflation. After you get past 30 percent, it'll just be bad all over. You eventually become numb to the effects, because there isn't much left to take from you at this point.

High inflation, rapidly rising interest rates, and the heightened risk of U.S. debt will create a poisonous cocktail like we've never seen. Companies will also be spending more money on borrowing costs as opposed to business expansion costs. That means lower profit margins, lower dividends, and less hiring. Plus more layoffs.

In the first edition of "Aftershock," I laid out a situation where we could see as much as a 90 percent drop in the stock market and 50 percent unemployment rate. That is the worst-case scenario. And, I stand by that assessment.

Even if our GDP dropped in half, we would still be a $7.5 trillion economy. But many people's savings could be drastically lower. Just about everyone's home will be worth much less in five years. Bonds that back up a lot of pensions and insurance policies will be destroyed. Pensions will become unstable. Some forms of life insurance could be eliminated. The stock market will plummet. And, all of this equals more job losses

But people will not be rioting in the streets, although there will certainly be many angry demonstrations, like we recently had in Wisconsin. Remember, we didn't see rioting during the Great Depression. The pain was felt at home. And, that's where it will be felt this time as well.

And, this is all because our government has not learned that, as you've put it, money from heaven is a path to hell.


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