Survivalists have to be ready for the emergency that’s right around the corner.
And there are so many threats that have to be accounted for.
Now one economic disaster is a ticking time bomb waiting to explode.
The financial crash of 2008 devastated the country and had a domino effect on markets throughout the world.
And because the country never dealt properly with the crisis, the upcoming crash could be considerably worse.
There’s a ticking time bomb that’s about to go off, and it’s corporate debt.
Companies collectively hold $10 trillion in corporate debt, which is 47% of GDP.
That’s an astronomical number that has risen steadily since 2008.
This means that the market is due for a sharp correction.
The impending crisis was in large part due to years and years of failed economic policy.
Instead of letting the economy heal after the 2008 crash, Barack Obama and the Fed meddled in the economy and only made the problem worse.
Interest rates went down to virtually zero.
The idea was to discourage people from saving and incentivize people to spend money.
The hope was to stimulate the economy, but all it did was put a band-aid on a serious wound.
The prolonged historically low-interest rates meant people’s savings would be greatly diminished, and businesses and private citizens would have to borrow more to take advantage of the “cheap money.”
The problem is now we have a lot of people who’ve depleted their savings and can’t afford certain financial emergencies.
More than half the country would be in dire straits if they were faced with a $1,000 emergency.
And corporations are having problems, too.
They used the low-interest rates to put money back into the business, and corporate debt is 47% of GDP.
This has a serious ripple effect on the economy.
The huge corporate debt means there are a lot of companies that are overvalued.
When these overextended businesses fail, a lot of people in the stock market will be hurt badly.
And contrary to popular leftist thought that the stock market is only for the rich, pension funds will be crushed.
There are other troubling signs of an upcoming collapse.
The Wilshire 5000, a measure of companies across all sectors, is far beyond the number when other major collapses hit.
There’s also the inversion of the yield curve, meaning that short-term bonds were more preferable to longer bonds.
Short-term bonds are outperforming long-term because people want liquidity.
These signs and other indicators can’t be ignored.
The country is headed for a collapse, and people need to be prepared to weather the storm.
The best thing you can do is have an emergency plan.
Build up your savings, and look to cut back on reckless spending.
If you haven’t established much savings, don’t worry.
You still have time because the next collapse is likely a year and a halfway, but now is the time to get your finances under control and start saving.