It seems like almost everyone is warning of a coming economic collapse these days. Do you remember Tony Robbins? He is probably the world's best known "motivational speaker" and his infomercials dominated late night television during the 80s and 90s. He was always urging all of us to "unleash the power within" and to take charge of our lives. Well guess what? Now Tony Robbins is warning that an economic collapse is coming. In fact, he has issued a special video warning about what he believes is about to happen. Considering the incredible connections that he has at the highest levels of the financial world, it makes a lot of sense to consider what he is trying to warn us about. Robbins says that a "major retracement" is coming to financial markets and that the coming collapse is going to be a "painful process" as we go through it. Those familiar with Tony Robbins know that he always goes out of his way to stress the positive, so if even he is openly warning the public about a coming economic nightmare than you know that things are starting to get really, really bad out there.
The video that Tony Robbins published where he gives his economic warning is posted in two parts below. This is unlike any Tony Robbins video that you have ever seen before and it is absolutely jaw dropping....
Part 1:
Part 2:
So is Tony Robbins right about what is coming?
Yup.
An economic collapse is coming.
You need to get prepared.
For those not familiar with my previous articles, let's review just some of the reasons why America is headed towards an economic nightmare of unprecedented proportions....
The National Debt - The U.S. government has accumulated a national debt that is rapidly approaching the 14 trillion dollar mark. According to Democrat Erskine Bowles, one of the heads of Barack Obama's national debt commission, if we continue on the path we are on the U.S. government will be spending $2 trillion just for interest on the national debt by 2020.
State And Local Debt - Many of America's state and local governments may be in even worse financial shape than the federal government is. In fact, some state and local governments are in such a financial mess that they have starting cutting off even the most essential services.
Consumer Debt - The total amount of consumer debt that Americans have accumulated now stands at approximately 11.7 trillion dollars.
The Trade Deficit - The U.S. trade deficit has exploded to nightmarish proportions over the past two decades. Every single month tens of billions more dollars flows out of the country than flows into it. The rest of the world is literally bleeding us dry in slow motion.
No Jobs - Today it takes the average unemployed American over 8 months to find a job. The number of Americans receiving long-term unemployment benefits has risen over 60 percent in just the past year.
The Credit Crunch - The U.S. is experiencing a credit crunch unlike anything it has seen since the Great Depression. Lending has really, really dried up, but without loans our economic system cannot function properly.
The Housing Crisis - Even with mortgage rates at historic lows, a shockingly low number of Americans are buying houses. There has been a total collapse in home sales since the home buyer tax credit expired. At the same time, mortgage defaults, foreclosures and home repossessions by banks continue to set new all-time records.
Rising Bankruptcies - Nationwide, bankruptcy filings rose 20 percent in the 12-month period ending June 30th.
Rising Poverty - One out of every eight Americans and one out of every four American children are now on food stamps. Approximately 50 million Americans couldn't even afford to buy enough food to stay healthy at some point last year.
The Coming Pension Crisis - America is facing a pension crisis that is so nightmarish that it is almost impossible to adequately describe it. State and local government pension plans are woefully underfunded, dozens of large corporate pension plans either have collapsed or are on the verge of collapsing, Social Security is a complete and total financial disaster and about half of all Americans essentially have nothing saved up for retirement.
The Derivatives Bubble - Our financial system has become a gigantic gambling parlor and we have allowed a horrific derivatives bubble to develop that could destroy the entire world economy if it ever bursts. Nobody knows exactly how big the derivatives bubble is, but low estimates place it at around 600 trillion dollars and high estimates put it at around 1.5 quadrillion dollars. Once that bubble pops there simply will not be enough money in the entire world to fix it.
The Federal Reserve - The Federal Reserve has devalued the U.S. dollar by over 95 percent since 1913 and it has been used to create the biggest mountain of government debt in the history of the world. There are many economists who would argue that the Federal Reserve is at the very core of our economic problems.
As we get even closer to the economic abyss that we are racing towards, even more big names such as Tony Robbins will come forward with warnings.
The truth is that these problems did not develop overnight, and they are not going to be solved overnight either.
Perhaps our economic future is best summed up by this one statement that economist Paul Krugman recently made....
"America is now on the unlit, unpaved road to nowhere."
It would be great if I could write about America's bright economic future and the unlimited prosperity that is ahead for all of us, but that would be a lie.
We are headed for an economic collapse.
It is going to be painful.
It is time to get prepared.
He is mostly correct in saying, Educate yourself, but he does not say anything wrong about the Government or Value System which is Empire Based. There were only 3 Empires in the Last 100 years: British, Russian and American. The 1st ended in 1945; the 2nd ended in 1990; the 3rd ended in 2008. Essentially there is no leader (Empire) and it is anyone’s guess what 2030 will be like.
I’m sorry-I couldn’t resist: and I trust-well, know-that on a level he really means well. I just can’t remove from my mind hos final few words: I’m leaving on a trip to ‘FIJI’! “Good luck y’all!” [;-(
Thanks for the pragmatic remedies.
Rev. Reggie Jackson
Beast chips?! Sounds like a good investment if 2 billion people are going to need them, can I get them on E-Bay? Maybe I can convince people to get one for their fore-head and one for their right hand, and then I could sell 4 billion. I bet China makes them cheap.
“AM I EVIL? …YES I AM.”
Sounds to me like you’ve been listening to your old Beatles albums backward again.
excellent video – thank you for sharing
There is an old adage… an ounce of prevention is worth a pound of cure.
I also remember just ten short years ago when those of us who were trying to get people to understand Y2K wasn’t about the end of the world at midnight 1999. It was about the huge expense every company or government had to spend correcting lines of code with 2-digit dates so the lights wouldn’t go out at 12:01 a.m. 2000. That money going to correct billions and billions of lines of code was an economic one-way street and many companies couldn’t recoop the loss; others had to increase costs on products and others had to move to chaper labor markets.
So really the present situation had its beginning in 1913 a la Wilson/Jeckle Island, compounded by the Great Society of the 60′s, the wild ride of the .com, Y2K, and finally derivatives and mega-greed banking/government spending. Ah, welcome to our Brave New World!
The author and all of the comments or most of them sound to me like we hae an awful lot of nuts out there who see themselves as experts in the extremely complicated world of world wide economics. Just maybe now is the time to leave such matters in the hands of experts and I do mean experts as for the last 60 years or so people have been learning more and more about how to prosper economically. The sad thing is Republicans realize that if Obama is successful they won’t be in control for another fifty years and as that party really is more for the rich than Democrats they will do anything to stop him from being successful. Right now it appears as if they are quite successful and will have their way. Remember that unless people get so desperate that they do great harm to the country we will continue to vote in every two years. We can learn by the experience and before thinking it is the end of the world realize the wealthy want to make money and cutting taxes and giving big businesses all kinds of financial benefits will start the economy rolling again. The problem for the masses is that the process will require them to go through some very painful times. Having massive jo0bs and training programs would have done the same thing with a lot less tear and wear on those with less money Much less crime, suicides ,drug use,etc. but then when most U.S. senators are millionaires how can we expect them to have any insight to such social problems.