The imminence of another deflationary financial collapse may just have got a somewhat closer. Prior to the 2008 economic crisis, 4 particular events happened at the same time. It would appear that history is about to repeat itself as those same 4 events are happening yet again, and many analysts agree that, as the severity of these events is greater than 2008, the resultant crisis will be much, much worse.
So what are these events and how are they repeating? As follows:
- Commodities Crashing…. The Bloomberg Commodities Index is currently at a 13-year low, and now lower than the previous crisis.
- Oil Price Crashing.… Last Monday, oil went below $50 per barrel – in early 2014, the price was over $100 a barrel, and so has now fallen by over 50% since then.
- Gold Price Crashing…. Gold recently hit a 5-year low – in early 2008, gold was nearly $1,000 per ounce. By October of that year, it had dropped to $700 per ounce. As we know, when the stock market crashed, gold went higher than ever before.
- and the US Dollar Now Soaring…. Which is exactly what it did prior to the 2008 crisis.
If you believe that we are on the brink of yet another deflationary economic crisis and the U.S. government needs to address this urgently, please Like & Share this post.