If you are in the stock market, you should be worry. If you are not, you should be worry too... A warning to americans..

in #stocks8 years ago (edited)

After years of printing currency, malinvesting, deficit spending, destruction of free markets, and excessive regulations, the U.S. will suffer the greatest deflationary crash in its history. Just like in the past, there will come a time when this bubble will burst along with the burst of the bond market, the burst of the real estate market and a weakening dollar. Our nations currency will buy less stuff because the real cost of living will go higher.

With that said, this is not the moment to buy US stocks, bonds, houses or businesses. This is the moment to sell US stocks, bonds, houses and business. This is the moment to pay off credit card debt and auto loans. This is the moment to live frugally, save money outside the banking system for an emergency and to save money for reinvesting in other things not co-related with stocks, bonds or real estate. In the worst case scenario, if a domino effect happens in the financial system and unemployment rise, people will not be able to pay off their mortgages, auto loans, student loans among other debt. Banks will foreclose homes and people will be left in the street. Banks will repo cars and people will not be able to go to work. Banks will rise interest rates and people will not be able to borrow money anymore.

We Americans will have to swallow our ego and live a lower standard of living. If this happens again, what are we going to do? If you like this, SHARE this. If you don't like this , SHARE this anyway. Share it with your family members, friends and everybody. Whatever you do, do something. Get prepared before it's too late!!

Coin Marketplace

STEEM 0.06
TRX 0.28
JST 0.048
BTC 72472.08
ETH 2112.57
USDT 1.00
SBD 0.46