People Are Quietly Waking Up And Preparing For A Major Economic Crash [VIDEO]
When I visit the USSA after traveling everywhere lately, I’m reminded it’s really turning into a third world country.
Much of the infrastructure in the states is sub-par or being depleted, from roads to airports and more, while trillions of dollars are poured into war-expenditures, and now even entities like Trump’s “space force”.
Thanks military industrial complex!
It’s this type of spending that has made a few powerful families very rich while the rest of society suffers, and is certainly what will lead to impending fiscal doom. Despite Americans being among the most taxed and regulated people in the world, the US government is becoming more broke than ever, at the expense of taxpayers, of course.
I’ve been on a worldwide speaking tour the past few months and recently appeared on CashFlow Ninja to discuss economics, cryptocurrency, market trends, and the end of legacy monetary systems.
I also weighed in on what I’ve seen in my travels to countries that are experiencing hyperinflation, as well as the resulting downfalls of their economies.
Venezuela and Zimbabwe were some of the most extreme cases of hyperinflation and devaluation of government currencies I’ve witnessed. Economic turmoil had made parts of Venezuela too dangerous to visit. Still, a glimmer of hope remains thanks to cryptocurrencies now being utilized by many within these countries.
Naturally, some governments are trying to crack down, but without much luck. In Zimbabwe, the biggest Bitcoin exchange actually won a challenge in court against the country’s central bank.
Many people have decided to stop using worthless government paper and start using something more solid.
While I have seen quite a bit of capitalism-driven progress in the places I’ve visited -- ranging from poorer areas in Asia to Central America where free markets have had extremely positive impacts -- the sad truth is that, the US seems to be headed in the opposite direction, despite what their fake news is spewing.
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Jeff, I'm from Russia and you have NO idea. I LOLd...
Yes we had a little bit of anarchy in 90th. And it was a horrible time with a total poverty (much worse than in USSR before) and a gunfights on a streets.
Now it's better, people are not so poor and no fights on streets, BUT now we have a police state again. No better than in USA ((( And it only gets worse in last few years (((
The entire world is bankrupt if you still have money within "the system". Just about every major country is in mass debt with a very bad spending problem. Western powers are soon going to have to face default.
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Great information Jeff. Thank you.
youre great! Its good see that crpyocurrencies are use and adopt in the counrty like Venezuela and Zimbabwe. Great and very informative videoand pieces you have here.
Thank you for sharing :)
Keep the good work going !!!
A major economic crash will lead to significant adoption of Bitcoin as a hedge against inflation. At this point, it's almost an inevitability.
You would love China. It is capitalism and true anarchy at its finest, minus the freedom of speech. Seriously, when I am back home in the west I miss my Chinese freedoms. So weird. Like crossing the street when ever you want, fishing without a license, collecting rain water and producing your own electricity without being taxed, Chinese people have it all. But hey, as far as the west is concerned its a communist state that must be fought. That was decades ago. You should really check it out, it's nothing like the media in west claims it it to be. If you need a tour, I'll be a great guide.
China is far from capitalist, but it does have looser controls in some realms. In personal freedom and security, they absolutely fail on that and are totally totalitarian. In most ways China is anti-capitalist, and their regulations show it so, however they have been deregulating some parts of their markets which is improving the economic freedom in their nation.
I have been living in China for 6+ years. I disagree with most of what you said.. I was raised in a semi-capitalist country, Canada. I have lived the differences. You try living there for some time. You will everything cost money, nothing is free. Small and large businesses are opening up daily. It's like America back in the 50's, so says many Americans living here who lived int he 50's.
Not everything in the mainstream news is accurate but I can say what I am personally experiencing by living here for some time.
The cozy mobile kill vans where they harvest political dissidents organs must be nice too.
I heard that too, but consider the source (MSM). It might be a complete bullshit story for all we in the west know.
anarchy at it's finest. America and China compete for things, and capital punishment, they are the 2 top in the world. But the point you missed is the general freedom Chinese people have that most western countries can not even comprehend. I mean, a school shooting every other month vs. mobile kill vans that capital punish rapists and murderers. tough call isn't it. In China, as long as you never go against the country or hurt your fellow citizens, it's rather a safe place with many freedoms.
Yes reported Debt figures are alarming