Four Undeniable Signs That the American Economy Is Collapsing

by Dave Hodges, The Common Sense Show:

There are four unmistakable signs that the American economy is in the midst of collapse”

  1. “Hooverville tent cities are appearing across the western United States.
  2.  The American banking empire is showing clear signs of impending collapse.
  3.  Key members of the elite are behaving like the elite of 1929 with regard to the Stock Market.
  4.  In a stunning development, the key members of the Federal Reserve are actually abandoing the dollar in facor of cryptocurrency.

The Economic Chest Pains Prior to the Heart Attack

A blind man who is paying attention could tell you that all the indicators are there with regard to the fact that an economic collapse is at hand. Let’s begin with the subtle signs which parallel the Great Depression.

We know that the make-shift tent cities emerged in great number during the Depression. They were often referred to as “Hoovervilles” in honor of the bumbling President that did everything wrong when the economic crisis first hit the country. Well, today in America, tent cities are appearing all over the western United States. In Seattle, for example, we are witnessing the proliferation of many high tech companies moving their headquarters to the city where the average home now costs over $700,000 and even rental apartments are reaching correpsonding highs as well. Subsequently there are many working people living in these cities.

Another set of chest pains before the heart attack are appearing in the economic sector in which Iran and China are embracing Bitcoin and other cryptocurrencies. This says a number of things. First, this is an admission that there is not enough gold in the world to cover the gold-for-oil scheme that has replaced the Petrodollar with regard to the purchase of oil (Editors Note: What is going to happen to the price of gold?). Secondly, the world is running from the dollar and this should signal that even your bank account is in dire trouble. Here is a brief summary of this developing scenario.