Source: http://thesovereigninvestor.com/exclusives/10-oil-in-2016-u-s-economy-doomed/?z=463472
In a very frightening article, economist James Dale Davidson predicts that a 50% stock market collapse is on the horizon. This is paralleled by currently plummeting oil prices. Currently at $20 a barrel, they are expected to soon fall to $16, and $10 barrels are on the way. Most celebrate low oil prices, but it creates a ripple that could ruin the American economy. Davidson has predicted the economic falls of 1999 and 2007, and even the fall of the Soviet Union long before it toppled. His predictions have been so accurate, his council has been sought after by multiple presidents. When he gives a prediction, we need to listen.
This is very frightening. We are about to face what could possibly be a second Great Depression, the first being caused by the stock market crash. Who can say what a stock market crash would do to America today. As a great global power, it would cause our defenses to be down. We need to make a greater effort to be less dependent on nonrenewable resources and use energy efficient means of production.
HISTORY REPEATS ITSELF!! I've talked about this before, and I think that the ebbs and flows of events from throughout history intertwining and mirroring is insane and completely baffling.
ReplyDeleteI really hope that everyone takes this prediction very seriously. I do not think we can afford another recession like we had in 2008 especially when we are facing bigger problems like terrorism. The international community needs to cooperate and find a compromising solution to the dropping oil prices to prevent the economy from collapsing.
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