The following video is brought to you courtesy of the Epic Economist YouTube Channel. Click the video below to watch it now.
Will the Economic Collapse happen in 2018? These 10 well-known expert and strategists predict when will the U.S. economy collapse. The risks of a recession in the next 18-24 months are rising and the markets are potentially on a collision course for a major stock market crash.
Are You Prepared For The Coming Economic Collapse And The Next Great Depression?
If a U.S. economic collapse occurs, it will happen quickly. For example, the U.S. economy almost collapsed on September 17, 2008. That’s the day the Reserve Primary Fund broke the buck. Panicked investors withdrew a record $140 billion from money market accounts where businesses keep cash to fund day-to-day operations.
If withdrawals had gone on for even a week, the entire economy would have halted. That meant trucks would stop rolling, grocery stores would run out of food, and businesses would shut down.
Fortunately, the Federal Reserve Chairman and U.S. Treasury Secretary noticed the signal and knew what it meant. Ben Bernanke was a Great Depression scholar. Hank Paulson was a Wall Street veteran. Their bailout plan supplied enough cash to prevent a total collapse. The 2008 financial crisis did plenty of damage, but it could have been much worse.
Music: CO.AG Music https://www.youtube.com/channel/UCcavSftXHgxLBWwLDm_bNvA
A stock market crash is a precipitous and rapid decline (that may persist for months or years) in the prices of shares traded on a stock exchange, caused by panic selling. Stock market crashes are triggered typically by loss of investor confidence after an unexpected event, and are exacerbated by fear. Stock market crash are usually preceded by a period of prolonged and high inflation, economic and/or political uncertainty, or hysteric speculative activity. They bring normal economic activity to a halt, wipe out the savings of millions of investors, and bring widespread misery in their wake, specially for the weaker and vulnerable sections of the society.