This is the predicted economic collapse timeline:
1. Imports are flooding the country as exports decline.
2. The Federal Reserve introduces more loan money as the number of consumers and corporate borrowers soars. The stock market goes up saturating investment money, as the bubble gets bigger.
3. Imported goods are preferred over domestic goods. Consumer borrowing continues to increase.
4. Money no longer pours inward as more and more imports floods the country. Credit crunches as there is only a small amount of money left to keep the economy running.
5. Reduced capital causes recessions. Several plants are closing down, downsizing and layoffs are increasing.
6. Banks no longer provide loans, as they fear the mounting bad debit.
7. Credit Dehydration. A lot of small businesses are going bankrupt. Unemployment increases, as more and more people are being laid-off.
8. The stock market plunges into a deep bear market as the condition becomes worst.
9. People with paper money socks it away. Paper money disappears ad depression sets in.
10. Cash becomes scarce as banks limits withdrawals.
11. A lot of banks become bankrupt because of bad loans and runs. Inflation rises.
12. Paper Money owners dump them for hard assets. More money than goods to be purchased cause hyperinflation.
13. Government tries to allocate scarce resources as the black market increases
These are the sequence of events that leads to an economic collapse.
Are you prepared for the upcoming crisis? Will you come out of it successful and ready to grab hold of every chance?
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