Goldman Sachs Says Its Coming

[Nemo]

as well as us recognizing something is amiss around the world.

Click link below to read article.

Nemo

https://www.cnbc.com/2018/05/21/goldman-sachs-the-fiscal-outlook-for-the-us-is-not-good.html

Goldman Sachs: The fiscal outlook for the US 'is not good'

    Jan Hatzius, chief economist at Goldman Sachs, sees the deficit ballooning to $2.05 trillion (7 percent of GDP) by 2028.
    "Lawmakers might hesitate to approve fiscal stimulus in the next downturn in light of the already substantial budget deficit," the economist said.
    The Congressional Budget Office projects that debt could equal GDP within a decade, a level not seen since World War II.

[Jackalope]

    That's not a surprise for many of us.  My biggest concern would be another event, i.e., a world war or a global pandemic that would diminish the GDP.  Then the domino effect would kick in, which would also include political instability here and abroad.  The national debt may prove to be our biggest weakness.

[pkveazey]

I've been following the posts by the talking heads that are the so called experts about the coming collapse. I've determined that its a matter of when rather than a matter of if. As long as I can afford it, I'm still buying physical Silver. If our leaders are stupid enough to put us in this position, I'm staying outside of the banking system. When the collapse comes, its going to get really ugly.

[Deathstyle]

So they say we got a decade to prepare. Maybe with all the shady tricks they play we have a little more time than that. But I always assume we have less.

[JohnyMac]

I agree with what Jackalope wrote, "My biggest concern would be another event, i.e., a world war or a global pandemic that would diminish the GDP."

I think the 'powers to be' can keep things going just fine as long as there is no major disruption, e.g. war, grid down event, pandemic, etc.

With that written I also think we are all in the place the good Lord wants us to be for what ever is coming our way. MrsMac and I at the cabin in the wilds of the Endless Mountain Range. Learning each and every day how to survive and help others in the coming stormy days.   

[JoJo]

 I know absolutely nothing about economy but what I do know is I've been hearing about a collapse of the economy since George Bush first took office. Then it escalated under obama and everyone was yelling "BUY GOLD".
 One thing I do know is, don't let the liberals (dem or Rep) get a foot hold in government because then a monetary collapse will be secondary.