{"id":15055,"date":"2015-12-07T07:40:26","date_gmt":"2015-12-07T12:40:26","guid":{"rendered":"http:\/\/olduvai.ca\/?p=15055"},"modified":"2015-12-07T07:40:26","modified_gmt":"2015-12-07T12:40:26","slug":"peter-schiff-warns-the-whole-economy-has-imploded-collapse-is-coming","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=15055","title":{"rendered":"Peter Schiff Warns: \u201cThe Whole Economy Has Imploded\u2026 Collapse Is Coming\u201d"},"content":{"rendered":"<h3><a href=\"http:\/\/www.shtfplan.com\/headline-news\/peter-schiff-warns-the-whole-economy-has-imploded-collapse-is-coming_12062015\" target=\"_blank\">Peter Schiff Warns: \u201cThe Whole Economy Has Imploded\u2026 Collapse Is Coming\u201d<\/a><\/h3>\n<div>Back before 2008 Peter Schiff was harshly criticized and laughed at for his predictions\u00a0about a coming economic collapse. Among other things Schiff warned that consumer spending\u00a0had hit a wall, stocks were overpriced and lax credit lending practices would lead to a detonation of the banking system. Rather than heed the warnings, the biggest names in mainstream media tried to discredit him for not toeing the official narrative.\u00a0Shortly thereafter, of course, Schiff was vindicated and much of the doom\u00a0he had forecast came to pass.<\/div>\n<p>Today,\u00a0Schiff continues to argue that the economy is on a downhill trajectory and this time there\u2019ll be no stopping it. All of the\u00a0emergency measures implemented by the government following the Crash of 2008 were merely temporary stop-gaps. The light at the end of the tunnel being touted by officials as recovery, Schiff has famously said, is\u00a0actually an oncoming train. And if the forecast he laid out in\u00a0<a href=\"http:\/\/www.futuremoneytrends.com\/trend-videos\/interviews\/peter-schiff-business-success-collapse-u-s-a\" target=\"_blank\">his latest interview<\/a>\u00a0is as accurate as those he shared in 2007, then the the train is about to derail.<\/p>\n<blockquote><p><strong>We\u2019re broke. We\u2019re basically living off of debt. We\u2019ve had a huge transformation of the American economy. Look at all the Americans now on food stamps, on disability, on unemployment.\u00a0<\/strong><\/p>\n<p><strong>The whole economy has imploded\u2026 the bottom hasn\u2019t dropped out yet because we\u2019re able to go deeper into debt. But the collapse is coming.<\/strong><\/p><\/blockquote>\n<p><iframe loading=\"lazy\" src=\"https:\/\/www.youtube.com\/embed\/GnRLivDE8iA\" width=\"480\" height=\"270\" frameborder=\"0\" allowfullscreen=\"allowfullscreen\"><\/iframe><br \/>\n<em><strong>(<a href=\"https:\/\/www.youtube.com\/watch?v=GnRLivDE8iA\" target=\"_blank\">Watch at Youtube<\/a>)<\/strong><\/em><\/p>\n<p>Fundamentally, America is worse off now than it was pre-crash.\u00a0With the national debt rising unabated and money being printed out of thin air without reprieve, it is only a matter of time.<\/p>\n<p>Schiff notes that while government statistics claim Americans are\u00a0saving\u00a0again and consumers seem to be spending, the average Joe Sixpack\u00a0actually has a negative net worth. But most people don\u2019t even realize what\u2019s happening:<\/p>\n<p>&#8230;click on the above link to read the rest of the article&#8230;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Peter Schiff Warns: \u201cThe Whole Economy Has Imploded\u2026 Collapse Is Coming\u201d Back before 2008 Peter Schiff was harshly criticized and laughed at for his predictions\u00a0about a coming economic collapse. Among other things Schiff warned that consumer spending\u00a0had hit a wall, stocks were overpriced and lax credit lending practices would lead to a detonation of the [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2],"tags":[1186,175,195,236,238,312,6489,496,963,6490,753],"class_list":["post-15055","post","type-post","status-publish","format-standard","hentry","category-economics","tag-consumer-spending","tag-credit","tag-debt","tag-economic-collapse","tag-economic-crash","tag-financial-crisis","tag-mac-slavo","tag-mainstream-media","tag-peter-schiff","tag-shtfplan-com","tag-stocks"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/15055","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=15055"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/15055\/revisions"}],"predecessor-version":[{"id":15056,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/15055\/revisions\/15056"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=15055"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=15055"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=15055"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}