posted on Jul, 10 2016 @ 09:10 PM
An implosion is definitely overdue. Many people are overextended due to artificially low interest rates, many rely on double incomes to pay their ever
increasing debt. They have been lulled into a false sense of security and the inevitable increase in interest rates will herald the crash.
Companies will begin looking to save money by slashing staff to remain in business since it is the easiest method. When an income is removed from the
equation the crash will be underway.
It will start in the overvalued high rise condominium market and spread to the artificially stimulated mid to lower high priced homes. This will put
pressure on borrowers to unload their properties to survive driving down prices in the real estate market. Rental properties will fill up quickly and
bankruptcy or consumer proposals will become the norm.
Here in Canada we are bombarded by television and radio advertisements promising a quick and easy way to get out of financial difficulty. What people
aren't being told that by following this method they will find it very difficult to borrow for several years exacerbating the downturn and furthering
the stress on business and the cycle will continue.
All that's left to finish the job is for foreign governments to call their trillions in Western Treasury notes and to dump the Petro Dollar in favour
of another currency to value oil. This will drive the standard of living into the ground causing a major recession or even a depression.
History has shown that the easiest way to stimulate the economy is to start a war. It happened at the end of the Great Depression and is likely to be
the end result of the coming crash.
I apologize for the doom and gloom but it's on the way folks and will arrive sooner than you think.
edit on 10-7-2016 by Cynic because: (no reason given)