6 Events That Could Trigger a Worldwide Financial Crisis

We live in uncertain times. While that has been true of every era in history, if you have studied history, then you know that our present situation is showing signs of an impending societal collapse. Yes, the SHTF situation that we keep talking about could be just around the corner.

With that in mind, you may be asking (legitimately), what could cause this collapse. Here are 6 possible triggers that Ethan Huff suggests could cause an economic collapse in the United States which are worth reviewing. Here they are with our commentary:

1. Plummeting oil prices. – Because so much of our economy, from fuel to manufacturing, are tied to oil, some believe that plummeting oil prices indicate a shaky economy and a possible economic downturn.

2. Bank failures due to oil and gas hedge expiration. – With declining oil revenue due to the lower prices, many banks who bet upon prices rebounding may be in trouble, which could cause another great depression.

3.Default from emerging market debt. – If you’re concerned about the potential of a debt default by the U.S. government, think about the impact of the great number of Third World countries in debt to the World Bank and to other countries. With the world economy the way that it is, do we really think there won’t be any major defaults from Third World governments?

4. Saudi Arabia concedes to Chinese oil sales with renminbi (RMB) currency. – Simply put, this endangers the U.S. dollar as the world’s reserve currency which means American’s buying power will further degrade.

5. China and Russia inaugurate the Gold Trade Note as currency. – See #4.

6. Failure of southern European banks. – Southern Europe (including Greece) are having tough economic times. This could lead to European bank failures which could lead to a European depression and, thus, a world depression.

What does this all mean for you? Simply put, “conspiracy theorists” who talk about the eminent fall of Western society have a realistic basis for their concerns. Fear of a societal collapse caused by an economic collapse or disaster situation are not unfounded.

In light of this, if you don’t have a plan, if you have not prepared for SHTF, then you need to start now. Better to have prepared and not had to use it (which is what we all hope), than to need it and not be prepared.

What do you think about the possible triggers listed above? Tell us below.

 
 

  • John G

    The elites will seize the moment and go cashless. In the name of security, the microchip will be inserted in the right hand or forehead. Without, you will live in the outlander society. Unable to trade in goods and services in the “civilized ” society/economy. Perhaps our overlords will then have a minimum payment to all citizen / subjects. To get the system all set up and running. The death star will then be complete.

    It is my belief that low oil is like the tide going out on all the world’s central banks, it will expose them naked. The question becomes is which block of nations can hold out the longest?
    Sides are being taken as we speak. How much longer can this bizzare charade play on?

    Central banking is dying. More news about debt buyback will be forthcoming. More news about midnight defaults and bail ins are on deck. All of these new revelations confirm a system of impending failure.

    Perhaps a seventh possibility of collapse. WW III

    Perhaps ther should be

  • Richard Goins

    This is inevitable.

  • http://www.arizonamilitia.com/ ArizonaMilitiaDotCom

    Pastor Lindsey Williams did the following interview on End Times Talk Radio on 22 October 2013.

    http://www.youtube.com/watch?v=vuhzDr-RSf4

    In the interview, Pastor Williams discusses the Three Events in the USA that will precede the Global Financial Collapse:

    1. Confiscation and Nationalization of Pension and Retirement funds

    2. US Currency devaluation

    3. US Dollar will lose its “World Reserve” status

    What are even worse are the events that will *follow* a Global Financial Collapse:

    1. Travel Restrictions
    2. Confiscation of wealth
    3. Food Shortages
    4. Squatters Rebellions
    5. Riots
    6. Martial Law

    http://www.shtfplan.com/headline-news/after-the-collapse-six-likely-events-that-will-follow-an-economic-crash_01202014

    That’s what’s coming, folks. Watch for the national “Banking Holiday”, during which all or most of your money deposited in banks will magically disappear, never to return.

    Buy More Λmmo, while you still can. Doing so is *still* the only viable treatment for ODDD (Obamunist Douchebag Distrust Disorder). Doing so is *still* the only remaining path to Liberty.

    Support your local Militia and/or your local Oath Keepers. Be the Resistance. This won’t end pretty, Λmerica.

  • http://www.healthinsuranceplans.biz/ JohnSpek

    One big one was missed – and it is the most common – we watched it when the housing market went belly up – It is the general agreement that the value is not there.
    When, not if, the population agrees that the dollar has less value, the population will act accordingly.
    In this case it will most likely be the global traders who will decide it has no value.
    That is the design of the currency market.