We all know the economy hasn't been that great the last few years. But if you listen to the news, you'd think things are getting better. They say unemployment is dropping and the stock market is getting stronger. But what if that's just the calm before the storm?
Ron Paul, the former U.S. Senator who is well known for his criticisms of U.S. monetary policy, has recently stated that he believes an economic crash is coming. If he's right, we all may need to step up our game with our preps.
One of the things that Paul is adamant will happen is that the stock market will crash, bringing with it the entire US ‒ and possibly world ‒ economy with it.
“It could be tomorrow, it could be a month, it could be a couple years because it all depends on a psychological acceptance of the system,” he said. “I don’t think there’s any way to know what the time is but, you know, after 35 years of a gigantic bull market in bonds, believe me, they cannot reverse history. You cannot print money forever and deceive the markets forever.”
“Eventually, the markets will rule, and that’s only a question of when that will happen. And, of course, I run a little bit scared because I think there will be a day of reckoning,” Paul added.
Are you prepared for an economic collapse?