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OUT OF MIND » THE INSANITY OF REALITY » GLOBAL FINANCIAL COLLAPSE » ForbesPredicts Stock Market Crash WORSE Than the 1930′s

ForbesPredicts Stock Market Crash WORSE Than the 1930′s

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ymoilman2


ForbesPredicts Stock Market Crash WORSE Than the 1930′s:

Another Great Depression IS Coming And Where NOT To be When it Hits

Thursday, June 5, 2014 9:17

(Before It's News)

The truth about the elites agenda is about to ‘slap us in the face’. No longer do they hide behind closed doors—no—they are wide open about their cause and they are laughing at the masses while secretly planning our economic downfall.


The collapse of the dollar will be the single largest event in human history. It will be the first event that touches every single person living in the world. All human activity is controlled by money. Our work, our wealth, our government, our food, even our relationships are affected by money. No money in history has had as much of an impact as the dollar. It is the de facto world currency. All other currency collapses will pale in comparison to this one. This collapse will be worldwide and it will take down not only the dollar but all other fiat currencies, as they are essentially no different. This collapse will lead to the collapse of all paper assets and the consequences to this will have inconceivable results universally.  

The president and CEO of Forbes Magazine, Steve Forbes, made this staggering statement about the economy and where are headed…..

(Vide by AMTV)
https://www.youtube.com/watch?v=OId2KU1Wr58

Wanna know where not to be when the economic crisis hits? According to Agenda NWO these are the top five areas:

https://www.youtube.com/watch?v=OId2KU1Wr58

Top 5 places not to be per the video above:

1. Israel

2. Southern California

3. London  

4. New York City (and Washington D.C.)

5. Metropolitan Areas

If the US economy is improving as the Obama Administration claims, then why are thousands of stores closing their doors to the public and why do sales figures continue to decline for retailers all across the country?  

Most of the apocalyptic collapse that we are witnessing today is because of the slow and steady death of the middle class consumer. Median household income is declining, and bills keep on piling. This means that the amount of disposable income that the average American has is shrinking, and that’s bad news for retailers.

Unfortunately, this is only the beginning of what’s about to happen and retail experts project that the pace of stores closing will accelerate over the next few years. Things are not only going to get worse, they are going to get much, much worse…Apocalyptic in nature.

The following is a list of facts about the US retail apocalypse that is NOW hitting our country. The information below comes from CK Quarterman at http://www.ckquarterman.com :

#1 As you read this article, approximately a billion square feet of retail space is sitting vacant in the United States.

#2 Last week, Radio Shack announced that it was going to close more than a thousand stores.

#3 Last week, Staples announced that it was going to close 225 stores.

#4 Same-store sales at Office Depot have declined for 13 quarters in a row.

#5 J.C. Penney has been dying for years, and it recently announced plans to close 33 more stores.

#6 J.C. Penney lost 586 million dollars during the second quarter of 2013 alone.

#7 Sears has closed about 300 stores since 2010, and CNN is reporting that Sears is “expected to shutter another 500 Sears and Kmart locations soon”.

#8 Overall, sales numbers have declined at Sears for 27 quarters in a row.

#9 Target has announced that it is going to eliminate 475 jobs and not fill 700 positions that are currently empty.

#10 It is being projected that Aéropostale will close about 175 stores over the next couple of years.

#11 Macy’s has announced that it is going to be closing five stores and eliminating 2,500 jobs.

#12 The Children’s Place has announced that it will be closing down 125 of its “weakest” stores by 2016.

#13 Best Buy recently shut down about 50 stores up in Canada.

#14 Video rental giant Blockbuster has completely shut down all of their stores.

#15 It is being projected that sales at U.S. supermarkets will decline by 1.7 percent this year even as the overall population continues to grow.

#16 McDonald’s has reported that sales at established U.S. locations were down 3.3 percent in January.

#17 A home appliance chain known as “American TV” in the Midwest is going to be shutting down all 11 stores.

#18 Even Wal-Mart is struggling right now. Just check out what one very prominent Wal-Mart executive recently admitted…

David Cheesewright, CEO of Walmart International was speaking at the same presentation, and he pointed out that Walmart would try to protect its market share in the US – where the company had just issued an earnings warning. But most of the growth would have to come from its units outside the US. I mean, via these share buybacks?

Alas, outside the US too, economies were limping along at best, and consumers were struggling and the operating environment was tough. “We’re seeing economies under stress pretty much everywhere we operate,” Cheesewright admitted.

#19 In a recent CNBC article entitled “Time to close Wal-Mart stores? Analysts think so”, it was recommended that Wal-Mart should close approximately 100 “underperforming” supercenters in rural locations across America.

#20 Retail consultant Howard Davidowitz is projecting that up to half of all shopping malls in America may shut down within the next 15 to 20 years…

Within 15 to 20 years, retail consultant Howard Davidowitz expects as many as half of America’s shopping malls to fail. He predicts that only upscale shopping centers with anchors like Saks Fifth Avenue and Neiman Marcus will survive.

Is there any hope that things will turn around? I don’t know, only time will tell, but I do know that what the Obama administration is doing is NOT helping our economy it is hurting it. So at this point, I do not see any chance of things turning around for the better.

Furthermore, our government has been and is lying to us. They told us that 175,000 jobs were added in February however, they failed to tell us that it takes that many jobs just to keep up with population growth. The number of unemployed individuals 16 years and over actually increased by 223,000 in February, according to the Bureau of Labor Statistics (BLS). Meaning overall unemployment has and is skyrocketing! Meanwhile, the labor force participation rate continues to sit at a 35 year low, and a staggering 70 percent of all Americans not in the work force are below the age of 55.

The following is an excerpt from a recent Bloomberg article…

“Recent college graduates are ending up in more low-wage and part-time positions as it’s become harder to find education-level appropriate jobs, according to a January study by the Federal Reserve Bank of New York.”

Obviously the government is trying to hid something from us—which seems to be a daily occurrence for those in leadership these days.  

Things are looking depressing for our country and an apocalypse is not around the corner….it is already here! It’s just a matter of time before it effects you personally and gets worse.  As of yet, we are in the very beginning of its thrust.

Here is Ron Paul talking about an upcoming economic collapse…
https://www.youtube.com/watch?v=aQtj9jjxszU

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