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Blog site of iVarta.com » America, Economy, NRI, World » First time in the USA History…and the coming Economic Collapse

First time in the USA History…and the coming Economic Collapse

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U.S. credit rating downgraded for first time in history. The United States lost its top-notch AAA credit rating from Standard & Poor’s on Friday, in a dramatic reversal of fortune for the world’s largest economy.


I am yawning! Why So Late? This should have happened 10 years back while US has been printing unlimited amount of money for last 30 years. In my view, the world, in general, is always very late…at least by 10 years!

The truth is the Emperor has no cloths. Nothing much has changed with this downgrade. May be stock markets world-over will loose another 10% …and world will get back to normal in few more weeks.

The question is: Have fundamentals changed by this downgrade? Nothing has changed. The world economy is still sinking in the gutters. Look at the cracking foundation of the world economy. Wake-up before it is too late. In my blogs I have already predicted many things about the future. Unfortunately so far the world is moving in the same direction….economic collapse.

Here are some signs of the future:

Riot Hits London. The riot that tore through parts of north London’s deprived Tottenham neighborhood has cast a pall over Britain’s capital, echoing an earlier era of racial unrest, while spreading malaise through a city preparing to ….

China Tells US ‘Good Old Days’ of Borrowing Have Ended. China bluntly criticized the US on Saturday one day after the superpower’s credit rating was downgraded, saying the “good old days” of borrowing were over.

Mark Faber said recently “The next time we have a global economic crisis, it will be much worse than 2008. Before this happens there will be money printing and there will be war. The whole system will collapse,” Faber: Brace for a Global ‘Reboot’ and a War.

There is too much to write… but for now I shall repeat only the following:

Gold and Silver have protected people from the man made calamities for last 5,000 years. It will do again in this new calamity that is approaching us.

Always remember

“Gold is the money of kings; silver is the money of gentlemen; barter is the money of peasants; debt is the money of slaves”

Friends, please prepare yourself, your families and friends for the future….also read some important things you should know and do.

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Why do I write all this? I just want to make, all those interested, aware about where we as a society are heading, so that they can protect their future generations to a possible extent. It is going to be very very ugly before it will be better. In my view, our children's world is going to be entirely different than what we have seen. We have already consumed the resources of our future generations. What we have left for them is an empty bag and the consequences of our actions (without the knowledge that it is us who are responsible for the mess our children will be in) ...while I write this I also wish that I am absolutely wrong...and our future generations will live in a better world than ours. DISCLAIMER: All the content of my blogs is presented for educational and/or informational purposes only. Under no circumstances should it be mistaken for professional investment advice, nor is it intended to be taken as such.


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