Dissent Mag

Quotes on American Economic Collapse That Reveal the Need to Look at Your Financial Future in a Very Different Way.

Quotes on American Economic Collapse
” There’s a 75% chance that the US will experience a currency crisis within five years.”
- Paul Volcker, Chairman of the US Federal Reserve

Note - video “The Truth About The Economy: Total Collapse” below the article

Quotes on American Economic Collapse
“The meltdown begun when NAFTA was signed into law in January 1995 continues destroying our critical job bases. We will see more of this meltdown escalate because of these unconstitutional, destructive, global trade treaties.”
- Economic Collapse Being Set Up

Quotes on American Economic Collapse
“In practical terms, the U.S. needs to attract around a billion dollars a day to prevent the dollar’s collapse and keep interest rates low.”
- US Economic Collapse: The Real Tipping Point?

Quotes on American Economic Collapse
“…we have the phenomenon called inflation which is the appearance of rising prices. I emphasis the word ‘appearance’ because in reality prices are not rising at all. What we’re seeing is that the value of the dollar is going down, that’s the real side of the equation. If we had real money based on gold or silver or anything tangible that couldn’t just be created out of thin air, it could be based on microphones, that they couldn’t just create with the stroke of a pen, you would see then that prices would remain stable over a long period of time.”
- Edward Griffin, author of “The Creature from Jeckyll Island“

Quotes on American Economic Collapse
“Maybe the public doesn’t want to hear it. Maybe politicians think … the American public can’t understand the truth or hear the truth or bear the truth. I think this is garbage. I think that people care about their kids and grandchildren and need to know the dangers facing them — and us.”
- Laurence Kotlikoff, economics chairman at Boston University

Quotes on American Economic Collapse
“It’s not a question about stealing a little here and a little there. It’s a question about open, full-scale looting - but only from the pockets of the American people who, in my opinion, will soon have almost nothing left.”
- Global Economic Collapse Imminent, Pension Fund Disaster

Quotes on American Economic Collapse
>“Either way, the Dow Jones Industrial Index on election day 2008 will be below 5000. This is the true choice facing the electorate: between 8 percent unemployment, a triple dip recession, and resurgent inflation, or 10 percent unemployment and a damaged world economy. Either way, government will grow and your income won’t. Of course, nobody is going to tell the voters that….”
- There Are A number Of Unexploded Bombs Hidden In The U.S. Economy

Quotes on American Economic Collapse
” There’s nobody home on economic policy in America right now. Its an accident waiting to happen.”
- Stephen Roach, Chief Economist, Morgan Stanley

Quotes on American Economic Collapse
“The US government sold off its oil/gasoline reserves in 2002. It no longer has oil reserves in case of a national shortage.”
- American Economic Collapse Not Far Away

Quotes on American Economic Collapse
“It takes $40 million per hour, 24 hours per day, 365 days per year to pay the interest on federal government debt, without even counting interest paid on record private sector debt.”
- 12 SERIOUS QUESTIONS

Quotes on American Economic Collapse
“Whether it is rich natural resources, which abound in Russia, or high-tech know-how, in which America leads the world, politicians can muck it up — to the cheers of those who think business needs throttling by government and who fear that business money will corrupt politicians.”
- Politicians Sow the Seeds of America’s Economic Collapse - the Governments Role in the Microsoft Antitrust Case

Quotes on American Economic Collapse
“It has enabled the American, Japanese and UK Governments to finance their enormous budget deficits though borrowing the money they have printed. In the case of America and Britain is that they are also borrowing increasingly from nations that were their former enemies. In all these countries the national debt has grown to such an extent, that a tightening of the money supply resulting in higher interest rates, could increase their budget deficits to such an extent it would bankrupt them.”
- The Coming Economic Collapse

Quotes on American Economic Collapse
“America has become more a debt ‘junkie’ - than ever before with total debt of $48 Trillion - and the highest debt ratio in history. That’s $161,287 per man, woman and child - or $645,148 per family of 4, $45,514 more debt per family than last year. Last year total debt increased $3.9 Trillion, 5 times more than GDP. External debt owed foreign interests increased $1 Trillion; Household, business and financial sector debt soared 9%. 72% ($35 trillion) of total debt was created since 1990, a period primarily driven by debt instead of by productive activity.”
- America’s Total Debt Report

Quotes on American Economic Collapse
“It’s 2056. After a coup in Saudi Arabia, the new government announces it is cutting off supplies of its dwindling stock of oil to the United States. The White House responds by sending in the troops, but is forced to withdraw after Beijing says it will only continue shoring up the dollar if the military action is called off. Marking the 100th anniversary of Suez, the Americans have no choice but to comply. Fanciful? Ludicrous…”
- Is America Heading for Economic Collapse?

Quotes on American Economic Collapse
“Several pictures show a core problem - - the unparalleled expansion of government, whereby 44% of the economy now depends on government spending - - causing shrinkage of the productive private sector’s share.”
- Our Nation Has Became More Government-Dependent Than Ever Before

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VIDEO:

The Truth About The Economy: Total Collapse