A financial collapse in any form is always a frightening thing. The signs have been here for some time but many of us were and still are too blind to take them seriously. Trust us. It really is time to look up from your iPhone. We need to be prepared!

One of the reasons for this is because mall owners are having such tremendous difficulties. The number of retail store closings in 2017 is on pace to shatter the all-time record by more than 20 percent, and Bloomberg is projecting that about a billion square feet of retail space will eventually close or be used for another purpose.
So needless to say this is putting an enormous amount of strain on those that are trying to rent space to retailers, and a lot of their debts are starting to go bad.
In 2007 and early 2008, a lot of the analysts that were loudly warning about mortgage-backed securities, a major stock market crash and an imminent recession were being mocked. People kept asking them when “the crisis” was finally going to arrive, and leaders such as Federal Reserve Chairman Ben Bernanke confidently assured the public that the U.S. economy was not going to experience a recession.
But of course then we got to the fall of 2008 and all hell broke loose. Investors suddenly lost trillions of dollars, millions of jobs were lost, and the U.S. economy plunged into the worst recession since the Great Depression of the 1930s.
Now we stand poised on the brink of an even worse disaster. The U.S. national debt has almost doubled since the last crisis, corporate debt has more than doubled, and all of our long-term economic fundamentals have continued to deteriorate.
The only thing that has saved us is our ability to go into enormous amounts of debt, and once that debt bubble finally bursts it will be the biggest standard of living adjustment that Americans have ever seen.

 

When you look at companies like Tesla, that somehow managed to lose 620 million dollars during the first quarter of 2017 and has been consistently losing hundreds of millions of dollars quarter after quarter, how can we say we are in a good place?

There are more examples, pin pointing why we are economically falling off a cliff over on The Economic Collapse. Unlike the Reagan official, we cannot honestly say we understand completely why this is happening now but it is and if something is not done soon, a SHTF scenario will not be that far away!