U.S. Economy Headed For Implosion

Michael Snyder warns about recent economic events that prove a collapse is imminent.  

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Recent numbers indicate that we are currently experiencing a recession.

According to Michael Snyder, manufacturing numbers say it, trade numbers say it, and retail numbers say it.  In 2008, many skeptics mocked the idea of a collapse until it happened.

History is repeating itself today.

Michael Snyder wrote an article yesterday proving that our economic outlook is grim despite the narrative painted by mainstream media. 

Snyder explained the following via Infowars.com:

-Cabot Oil & Gas down 37.27 percent over the past 12 months

-Southwestern Energy down 68.11 percent over the past 12 months

-Chesapeake Energy down 73.98 percent over the past 12 months

A number of smaller energy companies have already gone out of business, and several of the big players are teetering on the brink. If the price of oil does not rebound significantly very soon, it is just a matter of time before the dominoes begin to fall.  Source

Snyder also revealed that this year’s holiday season isn’t looking strong for retailers:

The holiday season is always the best time of the year for retailers, but in 2015 there is a lot of talk of gloom and doom. Most large retailers will not start announcing mass store closings until January or February, but without a doubt many analysts are anticipating that once we get past the Christmas shopping season we will see stores shut down at a pace that we haven’t seen since at least 2009.  Source

The freelance blogger later explained that the stock market has never been a good indicator of economic health, especially in 2015.  Furthermore, Snyder correctly pointed out that in 2008, stocks didn’t crash until after the economy imploded.

One of the things that is keeping stocks afloat for the moment is stock buybacks.  In recent years, big corporations have spent hundreds of billions of dollars buying back their own stocks.  Source

It is important to understand that this situation won’t get better without a complete overhaul of our monetary policy.  The United States is long overdue for a full audit (or complete eradication) of the fed, an end to fractional reserve banking and government lending.

Instead of mocking the warnings, the general public ought to pay close attention and respond accordingly.

Prepare by learning from articles like this, connecting with like-minded people and staying informed.

About the Author

Benjamin Knight

Benjamin Knight, the founder of We the Vigilant and host of The Maverick Podcast, was born in Engelwood, New Jersey. He is a Bible believing Christian, a right-wing Libertarian and a nationalist who is dedicated to fighting back against cultural Marxism and globalism. In his free time, Knight enjoys triggering leftists, shooting guns and being an American.

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