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CIA Insider Warns: "25-Year Great Depression is About to Strike America"
By MONEY MORNING STAFF REPORTS
You will want to remember this date April 9, 2015.
According to one of the top minds in the U.S. Intelligence Community, that is when the United States will enter the darkest economic period in our nation's history.
A 25-year Great Depression.
Does This Signal
the End of the Dollar?
An alarming pattern has caused many in the Intelligence Community to secretly prepare for a "worst-case scenario." http://pro1.moneymappress.com/252778/?iris=252778
And alarmingly, he and his colleagues believe the evidence they've uncovered proves this outcome is impossible to avoid.
In an exclusive interview with Money Morning, Jim Rickards, the CIA's Financial Threat and Asymmetric Warfare Advisor, has stepped forward to warn the American people that time is running out to prepare for this $100 trillion meltdown.
"Everybody knows we have a dangerous level of debt. Everybody knows the Fed has recklessly printed trillions of dollars. These are secrets to no one," he said.
"But all signs are now flashing bright red that our chickens are about to come home to roost."
During the discussion, Rickards shared a series of dangerous signals he fears reveals an economy that has reached a super critical state.
One of the signals the CIA is most concerned with is the Misery Index.
Decades back this unique warning sign was created for determining how close our country was to a social collapse. It simply adds the true inflation rate with the true unemployment rate.
However, the Federal Reserve has repeatedly changed the way the Misery Index has been calculated over the years. Which Rickards believes is now being used to cover up the true scope of the problem.
"Today you rarely hear the government talk about the Misery Index with the public," Rickards said. "The reason is they may not want you to know the truth. And the truth is, the Misery Index has reached more dangerous levels than we saw prior to the Great Depression. This is a signal of a complex system that's about to collapse."
Frightening: Single chart reveals which banks could collapse (and how soon). If your life savings is in a major bank, please look at this now.
During the shocking interview Rickards revealed the 5 dangerous "flashpoints" the Intelligence Community is closely monitoring that they believe will unleash this catastrophe.
And he also described how it would all unfold.
"I expect the first phase will appear as a nearly instantaneous 70% stock market crash. From the outside, nobody will see it coming." Rickards explained.
"Once it becomes clear that it's not a flash crash - it's a systemic meltdown in the economy itself, that's when the gravity of the situation will sink in. And there will be no digging out from it.
"$100 trillion is a conservative estimate for the damage. A lot can happen over 25-years as our country struggles to recover from this."
Editor's Note: Money Morning has released their exclusive interview with Jim Rickards to the public. And it's a must-see for every American who is concerned about our country and their financial security. Click here to view it.
Along with his CIA responsibilities, Jim Rickards has spent more than 3 decades on Wall Street as a leading international investment banker, hedge fund manager, and as the architect behind the technology nicknamed “the brains” of the NASDAQ.
This unique skillset has placed him at the center of some of the most important events in recent history.
For instance, Rickards helped negotiate an end to the Iranian Hostage Crisis in the early 1980s.
Then, in the late 1990s, despite being one of its most outspoken critics, the Federal Reserve called on him to step in to prevent a $1.25 trillion Wall Street meltdown during the Long Term Capital Management crisis.
And after 9-11, the CIA tasked him with tracking down potential terrorist insider trading that took place prior to the attacks........................
Dalje - http://moneymorning.com/ext/articles/rickards/25-year-great-depression.php?iris=254985
By MONEY MORNING STAFF REPORTS
You will want to remember this date April 9, 2015.
According to one of the top minds in the U.S. Intelligence Community, that is when the United States will enter the darkest economic period in our nation's history.
A 25-year Great Depression.
Does This Signal
the End of the Dollar?
An alarming pattern has caused many in the Intelligence Community to secretly prepare for a "worst-case scenario." http://pro1.moneymappress.com/252778/?iris=252778
And alarmingly, he and his colleagues believe the evidence they've uncovered proves this outcome is impossible to avoid.
In an exclusive interview with Money Morning, Jim Rickards, the CIA's Financial Threat and Asymmetric Warfare Advisor, has stepped forward to warn the American people that time is running out to prepare for this $100 trillion meltdown.
"Everybody knows we have a dangerous level of debt. Everybody knows the Fed has recklessly printed trillions of dollars. These are secrets to no one," he said.
"But all signs are now flashing bright red that our chickens are about to come home to roost."
During the discussion, Rickards shared a series of dangerous signals he fears reveals an economy that has reached a super critical state.
One of the signals the CIA is most concerned with is the Misery Index.
Decades back this unique warning sign was created for determining how close our country was to a social collapse. It simply adds the true inflation rate with the true unemployment rate.
However, the Federal Reserve has repeatedly changed the way the Misery Index has been calculated over the years. Which Rickards believes is now being used to cover up the true scope of the problem.
"Today you rarely hear the government talk about the Misery Index with the public," Rickards said. "The reason is they may not want you to know the truth. And the truth is, the Misery Index has reached more dangerous levels than we saw prior to the Great Depression. This is a signal of a complex system that's about to collapse."
Frightening: Single chart reveals which banks could collapse (and how soon). If your life savings is in a major bank, please look at this now.
During the shocking interview Rickards revealed the 5 dangerous "flashpoints" the Intelligence Community is closely monitoring that they believe will unleash this catastrophe.
And he also described how it would all unfold.
"I expect the first phase will appear as a nearly instantaneous 70% stock market crash. From the outside, nobody will see it coming." Rickards explained.
"Once it becomes clear that it's not a flash crash - it's a systemic meltdown in the economy itself, that's when the gravity of the situation will sink in. And there will be no digging out from it.
"$100 trillion is a conservative estimate for the damage. A lot can happen over 25-years as our country struggles to recover from this."
Editor's Note: Money Morning has released their exclusive interview with Jim Rickards to the public. And it's a must-see for every American who is concerned about our country and their financial security. Click here to view it.
Along with his CIA responsibilities, Jim Rickards has spent more than 3 decades on Wall Street as a leading international investment banker, hedge fund manager, and as the architect behind the technology nicknamed “the brains” of the NASDAQ.
This unique skillset has placed him at the center of some of the most important events in recent history.
For instance, Rickards helped negotiate an end to the Iranian Hostage Crisis in the early 1980s.
Then, in the late 1990s, despite being one of its most outspoken critics, the Federal Reserve called on him to step in to prevent a $1.25 trillion Wall Street meltdown during the Long Term Capital Management crisis.
And after 9-11, the CIA tasked him with tracking down potential terrorist insider trading that took place prior to the attacks........................
Dalje - http://moneymorning.com/ext/articles/rickards/25-year-great-depression.php?iris=254985
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