Economic Meltdown 2015 Is Imminent: Are You Prepared?
- Economic Meltdown 2015 Is Imminent: Are You Prepared?
by The world is on the verge of a global economic meltdown. What does that mean? The simple answer is that it will not be long until every modern country is consumed by hyperinflation resulting in the crash of most of the paper currencies on the planet. This will result in an economic shutdown. Starvation will become commonplace. Unrestrained violence will occur and eventually the world will slip into World War III.
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I literally have at my finger tips two dozen economic indicators which demonstrates that total and global economic collapse is at hand. In the interest of brevity, I will only highlight two of these indicators and if these were the only indicators, an economic collapse would still be in our collective futures.
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The Baltic Dry Index
The Baltic Dry Index (BDI) is absolutely the best measure of global economic health. The BDI is used by economists as a leading global economic indicator because it predicts future economic activity. The BDI, uses the U.S. dollar as a benchmark and measures the global supply and the corresponding demand for commodity shipments among bulk carriers. Commodities, in the form of raw materials like grains, lumber, coal and precious metals form the backbone of the BDI. Over time, the BDI is the best indicator of global economic health because, unlike the futures market, the BDI does not engage in speculation as it provide near real time data on what and what is being shipped. The determinations made by the BDI are such an accurate indicator of economic activity because businesses don’t book freighters when they have no cargo to move. In short, the BDI is the world’s financial blood pressure measure. The BDI is said to be one day away from reaching its all-time low. Ultimately, what the BDI tells economists is that we are headed for a depression that will make 1929 look like a picnic. The BDI has fallen on 43 of the past 47 days.
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Unfortunately you are being highly optimistic. Your collapse points are references to the pseudo economy of finance. The real facets of our survival namely energy, food, water etc. are the real economy and are all reaching and in may cases have passed their limits. Therein lies the true problem. Financial economic collapse is largely irrelevant if you have the resources to support your population. We don’t! This is going to get very very ugly and I estimate before or around 2017. 2015 is the beginning.
A bit harsh but I agree. Depression, even one 10 times worse than 1929, is a highly optimistic outcome in the context of the tsunami of excrement heading our way.