There is worldwide economic confusion just ahead. In my vision this is the clearest thing I have seen. Not only is the American Dollar headed for deep trouble, but so are all other world currencies. I see total economic confusion striking Europe first and then affecting Japan, the United States, Canada and all other nations shortly thereafter.
Countries that now control huge amounts of Western currency are going to be in very deep trouble also without a doubt, there are lean years ahead full of monetary confusion and despair. How soon is not clear, but it is not far away.
The world's greatest economists will be at a loss to explain the confusion and an international crisis of fear will develop. Credit debt will become nearly uncontrollable. I see, very clearly, just a few years of tremendous affluence and continued economic prosperity. Inflation, costs and wages will spiral higher and higher.
I believe we are going to witness the bankruptcies of some of this nations major and most popular corporations. I see tremendous difficulty arising for credit corporations. There are going to be many people unable to pay off their heavy obligations to major credit card companies, causing near chaos. Thousands of small businesses will also be forced into bankruptcies.
The United States government is going to overreact to the confused economical developments ... I see a flurry of near-panic decisions being made by various government agencies. But these hasty efforts to shore up the economy will backfire. |
