{"id":35295,"date":"2018-06-20T08:44:41","date_gmt":"2018-06-20T13:44:41","guid":{"rendered":"http:\/\/olduvai.ca\/?p=35295"},"modified":"2018-06-20T08:44:41","modified_gmt":"2018-06-20T13:44:41","slug":"how-to-best-prepare-yourself-for-the-coming-financial-crisis","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=35295","title":{"rendered":"How To Best Prepare Yourself For The Coming Financial Crisis"},"content":{"rendered":"

How To Best Prepare Yourself For The Coming Financial Crisis<\/a><\/h3>\n

Many financial analysts believe the United States economy is in a dire situation.\u00a0 Peter Schiff, <\/a>who accurately predicted the 2008 recession has come out and declared we will all live through another Great Depression, only this time, it\u2019ll be much worse than before.\u00a0 But there are ways to prepare for such an event, and we\u2019ve gathered some helpful tips and tricks to help make the process a little more smooth.<\/p>\n

\u201cThe bad news is, we are going to live through another Great Depression and it\u2019s going to be very different. This will be in many ways, much much worse, than what people had to endure during the Great Depression\u2026<\/strong>This is going to be a dollar crisis.\u201d<\/p>\n

\u201cWhen you are talking about the magnitude of the debt we have, that extra money [raising interest rates] is big. That\u2019s going to be a big drain on the economy to the extent that we have to pay higher interest to international creditors<\/strong>\u2026a lot of this phony GDP is coming from consumption, while the average American who is consuming is deeply in debt and they are going to impacted dramatically in the increase in the cost of servicing that debt\u2026given how much debt we have, and how much debt is going to be marketed the massive increase in supply will argue for interest rates that are higher.\u201d -Peter Schiff<\/a><\/p><\/blockquote>\n

According to Financial Times,<\/em><\/a> it is becoming clear that the global monetary policy is now caught in a debt trap of its own making. Continuing on the current monetary path is ineffective and increasingly dangerous. But any reversal also involves great risks. It\u00a0stands to reason that the odds of another crisis blowing up continue to rise.<\/p>\n

\u2026click on the above link to read the rest of the article\u2026<\/p>\n","protected":false},"excerpt":{"rendered":"

How To Best Prepare Yourself For The Coming Financial Crisis Many financial analysts believe the United States economy is in a dire situation.\u00a0 Peter Schiff, who accurately predicted the 2008 recession has come out and declared we will all live through another Great Depression, only this time, it\u2019ll be much worse than before.\u00a0 But there […]<\/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":[195,312,963,6787,20441,827],"class_list":["post-35295","post","type-post","status-publish","format-standard","hentry","category-economics","tag-debt","tag-financial-crisis","tag-peter-schiff","tag-ready-nutrition","tag-sara-tipton","tag-united-states"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/35295","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=35295"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/35295\/revisions"}],"predecessor-version":[{"id":35296,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/35295\/revisions\/35296"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=35295"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=35295"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=35295"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}