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Even Donald Trump Is Warning That An Economic Collapse Is Coming

In a shocking new interview, Donald Trump has gone farther than he ever has before in discussing a potential economic collapse in America.  Using phrases such as "you’re going to pay $25 for a loaf of bread pretty soon" and "we could end up being another Egypt", Trump explained to Newsmax that he is incredibly concerned about the direction our economy is headed.  Whatever you may think of Donald Trump on a personal level, it is undeniable that he has been extremely successful in business.  As one of the most prominent businessmen in America, he is absolutely horrified about what is happening to this nation.  In fact, he is so disturbed about the direction that this country is heading that he is seriously considering running for president in 2012.  But whether he decides to run in 2012 or not, what Trump is now saying about the U.S. economy should be a huge wake up call for all of us.

Trump says that the U.S. government is broke, that all of our jobs are being shipped overseas, that other nations are heavily taking advantage of us and that the value of the U.S. dollar is being destroyed.  The following interview with Trump was originally posted on Newsmax and it is really worth watching....

Now, you may or may not think much of Donald Trump as a politician, but when a businessman of his caliber starts using apocalyptic language to describe where the U.S. economy is headed perhaps we should all pay attention.

The following are 12 key quotes that were pulled out of Trump's new interview along with some facts and statistics that show that what Trump is saying is really happening.

#1 "If oil prices are allowed to inflate and keep inflating, if the dollar keeps going down in value, I think there’s a very distinct possibility that things could get worse."

Donald Trump is exactly right - we are headed for big trouble if we continue to allow the Federal Reserve to pump hundreds of billions of new dollars into the system.  As I have written about previously, all of this new money will give us the illusion of short-term economic growth and it will pump up the stock market, but in the end all of the inflation the new money is gong to cause is going to be very painful.  Just look at how rapidly M1 has been skyrocketing over the last couple of years.  Is there any way that we are going to be able to avoid paying a very serious price for all of this reckless money printing?....

Already all of this money printing has had a very serious affect on world financial markets.  The price of agricultural commodities is skyrocketing and the price of oil has almost reached $100 a barrel once again.  The last time that the price of oil soared above $100 a barrel was in the early part of 2008, and we all remember the horrific financial collapse that followed in the fall of 2008.

#2 "....you’re going to pay $25 for a loaf of bread pretty soon. Look at what’s happening with our food prices. They’re going through the roof. We could end up being another Egypt. You could have riots in our streets also."

The price of corn has risen 88 percent over the past year and the price of wheat has soared a whopping 114 percent over the past year.  Let's hope that we don't have to pay $25 for a loaf of bread in the United States any time soon, but in some areas of the world that is what it now feels like.

Approximately 3 billion people in the world today live on the equivalent of $2 a day or less, and most of that money ends up getting spent on food.  When food prices go up 10 or 20 percent in deeply impoverished areas of the globe, suddenly the lives of millions are threatened.  The riots that we have seen in Egypt, Algeria, Tunisia and other nations recently were not entirely caused by rising food prices, but they were certainly a big factor.

#3 "I think gold will go up as long as people don’t have confidence in our president and our country. And they don’t have confidence in our president."

Investors run to gold and other precious metals when they don't feel secure.  We saw that happen a lot in 2010.  As confidence in the paper currencies and the financial systems of the world has rapidly diminished, precious metals have become increasingly attractive.

In fact, the price of gold has doubled since the beginning of the economic downturn in 2007.  As the global financial situation continues to become more unstable, the demand for precious metals is likely only going to become more intense.

#4 "The banks have really let us down. Number one, they did some bad things and caused some bad problems. Number two, if you have something that you want to buy, like a house, they’re generally not there for you."

Banks were given massive bailouts with the understanding that they would open up the vaults and start lending money to average Americans again.

Well, that has not happened.

In particular, it has become much, much harder to get a mortgage in the United States today.  Not that the big banks didn't need to make changes to their lending practices, but things have gotten so tight now that it is choking the real estate market to death.

#5 "I see $3.50 for a gallon of gas for cars, and cars are lined up trying to get it and it’s $3.50. It’s a shame, a ridiculous shame."

Our lack of a cohesive energy policy is a national disgrace.  There is no way in the world that a gallon of gas should be $3.50 a gallon.

The U.S. has massive reserves of oil and natural gas that it should be using.  In addition, the lack of progress on developing alternative energy sources in light of our sickening dependence on foreign oil is very puzzling.  We should be very far along towards solving our energy problems by this point.

Meanwhile, we keep pouring billions into the pockets of foreign oil barons every single month.  Unfortunately, Trump was exactly correct in the interview - if something is not done the price of gas is going to keep going higher.

#6 "I think the biggest threat is that our jobs are being stolen by other countries. We’re not going to have any jobs here pretty soon."

Donal Trump is one of the few prominent leaders that is openly speaking the truth about the predatory economic practices of some of our "trading partners".  Most of our politicians have just kept endlessly promising us that free trade is "good for us" even as tens of thousands of factories and millions upon millions of jobs have been shipped overseas.

Back in 1970, 25 percent of all jobs in the United States were manufacturing jobs. Today, only 9 percent of the jobs in the United States are manufacturing jobs.

Yes, computers and robots have replaced a lot of manual labor today, but technology does not account for most of the decline we have seen in manufacturing.

n 1959, manufacturing represented 28 percent of all U.S. economic output.  In 2008, it represented only 11.5 percent.  Meanwhile, manufacturing in the "developing world" has absolutely exploded.

#7 "We're like a whipping post for other countries. We are standing there and just being beaten by South Korea, by Mexico, by China, by India."

Most Americans have absolutely no idea how lopsided many of our "trade agreements" actually are.  Other nations openly manipulate their currencies in order to keep their exports dirt cheap and we allow it.  Other nations openly subsidize their domestic industries that are directly competing with businesses in the United States and we don't complain.  Other nations make it incredibly difficult for American companies to do business in their countries while we allow foreign corporations to come on in and do pretty much whatever they want here.

Then there are certain nations (such as China) that brazenly rip off trade secrets from foreign corporations time after time after time and never get penalized for it.

Meanwhile, our economy continues to bleed jobs at a staggering pace.  The number of net jobs gained by the U.S. economy during this past decade was smaller than during any other decade since World War 2.

Fortunately, more Americans than ever seem to be waking up and are realizing that globalism is causing many of these problems.  A NBC News/Wall Street Journal poll conducted last year discovered that 69 percent of Americans now believe that free trade agreements have cost America jobs.

#8 "All of our jobs are going to China. We’re rebuilding China and other places."

China is doing great.  China is now the number one producer in the world of wind and solar power.  They now possess the fastest supercomputer on the entire globe.  China also now has the world's fastest train and the world's biggest high-speed rail network.

Most Americans don't realize that China is literally kicking the crap out of us.

Back in 1998, the United States had 25 percent of the world’s high-tech export market and China had just 10 percent. Ten years later, the United States had less than 15 percent and China's share had soared to 20 percent.

Every single month we buy about 4 times as much stuff from them as they buy from us.  Our trade deficit with China has ballooned to enormous proportions.  In fact, the U.S. trade deficit with China during this past August was more than 4,600 times larger than the U.S. trade deficit with China was for the entire year of 1985.

So when Donald Trump says that we are rebuilding China he is not joking around.

Nobel economist Robert W. Fogel of the University of Chicago is projecting that the Chinese economy will be three times larger than the U.S. economy by the year 2040 if current trends continue.

Yes, that is how serious things have become.

#9 "We are a laughingstock throughout the world."

Donald Trump has said on several occasions that his friends and business partners in China just laugh and laugh at us.  They can't even believe what they are getting away with.

We have become an incompetent giant that is the butt of all the jokes.

According to Stanford University economics professor Ed Lazear, if the U.S. economy and the Chinese economy continue to grow at current rates, the average Chinese citizen will be wealthier than the average American citizen in just 30 years.

Our formerly great industrial cities are slowly becoming ghost towns.  The number of long-term unemployed Americans is at an all-time high.  Tens of millions of Americans can't even survive without government assistance anymore.  The number of Americans on food stamps set a new all-time record every single month during 2010, and now well over 43 million Americans are enrolled in the program.

We really have become a joke.

#10 "The federal government has no money."

Unfortunately, our federal government has continued to borrow and spend like there is no tomorrow.

According to the Congressional Budget Office, the U.S. government will have the biggest budget deficit ever recorded (approximately 1.5 trillion dollars) this year.

So much for fiscal discipline, eh?

It is being projected that the U.S. national debt will increase by $150,000 per U.S. household between 2009 and 2021.

Do you have an extra $150,000 to contribute for your share?

By 2015 our national debt will be somewhere in the neighborhood of 20 trillion dollars.

It is the biggest mountain of debt in the history of the world by far, and it is the gift that we are going to pass down to future generations of Americans.

If there are any future generations of Americans.

#11 "I hate what is happening to this country."

We should all hate what is happening to this country.  Our economic guts are being ripped out, we are being abused by the rest of the world, America's infrastructure is being sold off piece by piece, our federal government is drowning in debt, our state governments are drowning in debt and our local governments are drowning in debt.

The only way we can even keep going is to run around to the rest of the world and beg them to keep lending us more money.

The mainstream media keeps proclaiming that we are the greatest economy on earth, but the truth is that we are being transformed into a pathetic loser and our politicians are just standing there with their hands in their pockets letting it happen.

All red-blooded Americans should be horrified by what is happening to this nation.  We have been betrayed by corrupt and incompetent leaders.  As a nation, we have become fat, lazy and stupid.

Hopefully what Donald Trump and others are saying about a coming economic collapse will serve as a huge wake up call and the sleeping giant will arise once again.

If the sleeping giant does not arise, we are in a massive amount of trouble, because right now the road we are on is leading to the biggest economic collapse the world has ever seen.

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  • B Balkema

    A simple solution, incorporate a .$.75 gallon gas tax that increase by $.10 cents each year America imports any more than 10% of the oil and gasoline it uses. This would do many benefical things across America imagine; 1) it would keep the better part of a trillion a year within the US borders working here employing millions of Americans when fully implemented, 2) Americans could finally plan for rising oil and gas prices with the assurances that it would cost massively more in 20 years ($2.75 a gallon) if they didn’t conserve, alter there habits and it puts the power to enact change in everyday people’s hands and not subject to government mandate 3) it would focus the car companies on the growing market segement and allow them to plan accordingly as it would be market driven 4) it would generate large amounts of cash (15%)to reduce Federal debt or yearly operating balances 5) it would create millions of jobs in the US economy in the oil industry – take 10% of the tax to incentivize small oil producers not meganationals, oil production could not exceed 100,000 barrels per year telling the multinationals we don’t need them any longer and this would dramatically curtail the global speculation in oil 6) spend massively, 75% of the tax, in a national plan (like Ike’s interstate highways) of bullet trains across America which would incorporate a comprehenisve national plan for energy savings incorporated into the transportation system in almost every American city – this would create millions of jobs all across this great country 7) it would generate massive new tax reciepts in sales tax, social security, local and state taxes and Federal reciepts. 8) it would create an intergral new alternate energy solutions like high intensity vertical algae biodiesel where I’ve read of suggested capacities of 150,000 gallons per acre compared to current 50 gallons of ethanol per acre. This could transform America again, imagine keeping $1 Trillion dollars each year working here buying services, creating quality American jobs being the light of the world again. Think of the savings of not being involved in a decade’s long wars costing $100′s of billions.

    The legislation would have to come with solemen promises to reduce the taxes upon achievement of its stated goals under some formula like the first year say 20 years into the future that the tax is reduced by 33% each year the goals are met and if the country regressed it would increase again by $.10 cents per year.

    This is far to simple a solution so why haven’t our leaders done it 3 decades ago because the global banksters and oil interest don’t want it and they control our politicans. They want us buying oil and gasoline from regimes, they want us indebted and destroyed so a new global currency can be installed.

  • Trump Is A Chump

    The root cause of the problems in the US are due to the country living on a debt binge waaaay beyond its means – for many decades!

    Likewise, Trump’s main business has been to continually borrow beyond his ability (or intention) to repay and then repeatedly default.

    That isn’t business acumen. It’s fraud.

    He can never be the solution to the problem because he epitomises the cancer of lies, deceipt and fraud that has led to collapse in the US. He’s little more than a two-bit huckster who has conned many banks into believeing that he’s something special.

    Lend anyone a few billion and allow them to default and they too could look like a ‘financial geniuses’ and show you a good time.

  • MLC

    …uumm, excuse me, but Ross Perot said all this 20 years ago! No one listened. And, before that Eisenhower laid it all out on the line, too.

  • Jiggs

    The plan is to deindustrialize, demoralize, and destroy America. If Trump’s so smart, why does he act like such a dumb ass? Just another faux-patriot moneybag.

  • FarmersDaughter

    Maybe some people will finally realize
    the value of “farmers” and food. The regime has kept us in the gutter for years, meaning financially and spiritually. Crop failures, hail storms, no funds for financing etc, were of little worry to you sheeple. Wait till you are hungry. Then, maybe you won’t mind respecting the farmer, a dieing breed. I can hear your stomachs growling now!

  • golden

    time for these dinosaur super rich money sucking patriotic republicans is over. do not say we, it is you and us. you have our money. give it back. people like you and the bankers are the thieves.

  • Nancy Coxall

    I think Donald Trump would make a great President of the United States. We need a great businessman to be in office to turn our Country around….He can do it if anyone can!

    Yes, please do run for President, Mr. Trump, you will have my vote and I will help campaign for you!

    Nancy

  • Peter

    To talk about it is easy, we all do.
    So nothing new there, but it is not china or other country’s who are the problem, but greed.
    If one can produce cheap by having productionlines across the borders, they will do that.
    Here in europe it is the same, and we end up with jobs in services, no production which is the keystone to a healthy economy based on producing instead of consuming.
    Moreover, the next comming crash will not be due to higher oil prices, they rise because of inflation, due to the printing of money.
    Not only oil, but every commodity, so food and clothes will also rise in prise.
    The next comming crash, or maybe the next phase of the crash will be ignited by defaults, country’s defaulting on their debts.
    Debts because of bailing out the banks, and while the financials are making big profits and collecting big bonusses, the real economy suffers.
    The financial world with its massive fraud, its greed, and speculation, shifting money arround to make money, based on nothing but speculation.
    We are losing our pensions, our savings, our jobs, even our homes, and we can be certain that taxes will rise.

  • K Butler

    To those who say it is our fault our country is being run into the ground (b/c we elected our government officials…)think about how much of a choice you actually have when it comes election time. the Media is not unbiased–it is run by those with the money who want to keep the money. The politicians who are honest do not even have a chance. We never even get the chance to vote for the honest guys, b/c they never survive our corrupt media. We’re all puppets! It’s a joke.

  • FLGUY

    I can’t say enough about D. Trump. How crazy would it seem to a lot of critics for him to run for president. But then, how did the same critics applaud to what Obama and his administration are doing? Let’s put D. Trump’s face on our currency and get rid of the pyramid!!

  • bob

    RULE ONE Live with in your means, people an governments. Rule two, if rule one is not used no need for more rules. What we got here is a lawless nation

  • bob

    Trump is the kind of man if your going to be a cheat be a big one and his low class shows tell you all you need to know.

  • Parth

    Correct me if I am wrong- Is China manipulating currency. Last I read its USA thats at QE2 and now to QE3.

  • bet1965

    Glad you asked , the Obamas will become King and Queen of the U.S.A. it will only be an honarary title (but let them in on that secret) and they will be given all the monopoly money they can spend!

  • bet1965

    And yes my wife and i have the 150,000 to pay our share of the dept, each ! but greedy us we have worked hard and want to keep it.But we dont get to.

  • http://www.downloadpokerx.com Gavin Perry

    Well anyone who has been crazy online conspiracy freak(tongue in cheek)for the last ten years could have told you all this ten years ago.As a crazy conspiracy freak i will let you know now that at was all planned.Wake up America.

  • x mark

    what CANN u say ?????????

  • Kevin

    Peter

    Yes it’s global and Europe is in the same boat.

    I would like to ask you two questions.

    What country are you from or are in enough to get a feel for the attitudes of the people.

    Do the people you meet / know in Europe by and large connect the dots between Free Trade with slave labor nations and the overall decline in their standard of living now and in the longer term?

  • Ryan Heinzman

    I need to hear a lot more than just what he said here. There are some very missing points, although he needs someone who knows the economy to interview him to get a better idea of where trump stands. I heard nothing about corrupt bankers, auditing the fed, the elite running the show. He seems to know the job situation, and it is true we have lost our jobs overseas. Manufacturing used to be the lifeblood of our country, now it is 9% of our jobs instead of 26% in the 70s. I like where he is going, but I want to see a lot more

  • NEK

    Scapegoating the world for US homemade errors

    Why did all these jobs got “stolen”?
    Because Americans (and Europeans) want to buy cheap things and investors, hedge funds, pension funds, banks etc want to make big money and producing in the US or Europe IS more expensive.

    So dont blame the world, blame yourself … buy Made in the US or in Europe … support your regional production and products, so you lower transport costs and this has some other nice effects (green house gases lowered, less gas needed), you support your own economy, your own people.

  • Rohit

    hope he not doing early campaigning..As we know these politicians..

  • Susan Davis

    I am in total agreement with Mr. Trump…We are in deep sh-t.

  • Carrie

    I am in agreement with Donald Trump on many issues. However, he does not talk about the Federal Reserve Bank, criminal elite’s banking cartel Rothschild control of the New World Order Dominated government, how does he feel about these very important issues? He is similiar to Ron Paul, whom I know Donald Trump respects, but Donald does not talk about those issues, Ron is not afraid to.
    Does Donald Trump feel the U.S. government should stay within the confines of the constitution?

  • http://economiccollapse tom

    Trump has serious concerns my children cause he is about to lose half his value or more in a meltdown of real estate… an over abundant group of blind deaf and dumb citizens are unwilling to admit to is actually happening here. Unfortunately and I apologize for the candor but too many clock punching still getting paid americans are not on the radar yet. We will unemploy a few million more credit worthy citizens before the collapse takes hold. The money that controls all people of this planet have a game plan and a few of us are aware of it.. those that are will know whats coming and most will be surprised that the world was sucked up in this stripping of value from all people by a select few and the game will end. all the money in a few pockets the masses looking for those owners to hang from a tall tree and then they all feel better. We should all witness a meltdown like this to know what in this world is good and essential to happiness and what greed can bring you. Many will die ugly and the results will empower a great mass to take back the freedoms we fought for in the past. All politians will have an epiphany and see the good or be strung up with signs on their heads, it will be nice to put justice in the hands of the citizens again and after the dust settles we have another 100 years of honest happiness and equality and made in america will be the truth again.. God bless you all your in for the ride of your life….

  • http://www.osixs.org morpheus

    Wow! When billionaires start to panic, you have to sit and wonder. They probably have more information to draw on than most of us. Believe this, the rich have far more to lose than the poor and the middle class.

    “WAKE UP PEOPLE – JOIN THE REVOLUTION
    Read “Common Sense 3.1” at ( http://www.revolution2.osixs.org )

    We don’t have to live like this anymore. “Spread the News”

  • Allen

    Stop subsidising companies that move to other countries for a lower wage work force. Give incentives and tax breaks to companies operating totaly within our borders. Put a 100% tarrif on all products coming into the US from once US, now foreign, companies. We have more oil in the ANWR than all of the middle eastern countries combined. Allow US corporations to drill and give tax incentives to companies who decide to build refineries within the US and employ US workers. Use the oil taxes collected to research and fund alternative energy sources. Stop sending our money to foreign countries until all our legal citizens are taken care of.
    Trump is right, but, he does not go far enough. We must rid ourselves of the Federal Reserve and take back our monetary system. I could go on and on but I believe everyone here is intelligent enough to see what needs be done. Now, can Congress and the administration get the cajones to act and act quickly?

  • methodman

    I did the donald thing Donald Trump filed bankrupcy 3 times. So I studied Donald Knuth and practiced sketching donald Duck while learning how to talk to conservatives like Don Knotts. Donald is a birther give me a break. Brains heart mind and sould if you have them DON’T VOTE REPUBLICAN

  • Legoman

    He can become president and be stonewalled when he gets to the whitehouse. The government is controlled by cashed up lobby groups only interested in short term profits for their backers. Ban lobbying and political donations which all amount to bribery and restore some true democracy that we like lecture the world about.

  • http://theeconomiccollapseblog.com 100% REPUBLICAN

    Who was it that started the Free Trad?

    Answer: DEMOCRAP

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