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Peter Schiff: Greece Was a Sideshow. Do Americans Need to Worry About Starvation?
By: Voice of Reason
FOR MORE NEWS BY VOICE OF REASON CLICK HERE!
In the video below, Peter Schiff talks about how Greece has finally left the Eurozone. The details aren’t out yet, however one thing is clear: The rest of Europe got tired of giving the squeaky wheel oil. As Peter says, all Greece has done is re-arrange the chairs on the deck of the titanic.
As you listen to Peter’s take on the matter, may I encourage you to think of this: The Eurozone has a GDP or approximately $16 TRILLION dollars with all the countries combined. The U.S. has a GDP of approximately $15 TRILLION dollars with all the states combined. As you listen to Greece’s potential fate, think of which states in our Union are on cruise control to be Greece within our union. Why? Because it’s coming!
Do you recall what I asked you to keep in mind as Peter Schiff discussed Greece? Here is why: For years we’ve heard, If Greece goes, so does the Euro. After doing a few searches, I just wanted to get a feel for what people were saying. One gentleman responded to the following question: “How/why does the Euro currency collapse if there are sovereign defaults in the Eurozone?” Here was the response:
I think that the previous answers have not considered an important point relating to why the Euro currency would collapse if there are sovereign defaults. If defaults occur in uncompetitive Eurozone peripheral countries such as Greece, Portugal, Republic of Ireland, Italy, Spain, etc. (the PIIGS), then there will be a massive financial crisis, huge recession/depression, a big output gap, high unemployment rate, a credit freeze, usurious interest rates for defaulted sovereigns and perhaps riots and social instability in a worst case scenario.
You could check a 100 sites, get a 100 different answers, but i promise you this… they’ll all be bad when they predict what this means for Greece. As Peter put it, “Greece is just shuffling the chairs on the deck of the Titanic…” What’s my point?
As I said, the Eurozone has about a $16 TRILLION dollar economy. The U.S. has a $15 TRILLION dollar economy. Greece accounts for under 5% of the Eurozone’s GDP. How does that compare to states here in the U.S. like California, Illinois, New Jersey, or New York? Those are all cauldrons of liberal idiocy, and every one of them is a financial disaster. Forget about cumulatively, take them as individuals. Would you agree any of them contribute far greater to our country’s GDP than Greece does? Now, add them up.
The problem with Socialism, Communism, Progressivism, or whatever they want to call it: Sooner or later you run out of other peoples’ money. It’s happened everywhere it’s ever been tried. Guess what? The U.S. Petrodollar is over halfway phased out as the World’s Reserve Currency. Once that process is complete, and we can no longer fire up the printing presses… We’re going to be a bankrupt nation, with a worthless dollar, no one to lend to us, no way to print money like we have for decades, and then American’s will finally see what what has been staring us in the face.
THAT’S WHEN AMERICANS BETTER PRAY THEY WERE SMART ENOUGH TO BE STASHING FOOD AWAY WHILE THEY COULD!
America Has No Way to Keep Up with Food Inflation
Dave Hodges of The Common Sense Show reports: In calculating the overall inflation rate, the government does not count the price of food. However, there are several reliable food inflation figures and the food inflation rate is estimated to be between 19% to 22%.
In the article, “Food Price Inflation Scares the Fed” the commodity food costs were exploding on the upside. Calculation of the food inflation rate, given the lag in commodity costs impacting prices on grocery store shelves, we find that the annual U.S. food inflation rate is now running at a staggering +22% and the rate is increasing with no end in sight to the escalation.
READ THE REST OF THE ARTICLE AT RIGHT.IS HERE:
By: Voice of Reason
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FOR LINKS TO UNDERSTAND THE ECONOMY & THE COMING ECONOMIC COLLAPSE:
- Can You Imagine Empty Grocery Stores?
- Putin Makes Chilling Threat to Obama That Could Change Everything in the U.S.
- Gerald Celente: America Headed Towards Total Financial Collapse
- Peter Schiff: China and Switzerland is Killing U.S. Dollar
- So it Begins: The Bond Crash Looks to be Here, and Investors Are Panicking
- What Makes The Trans-Pacific Partnership So Bad? You Better Sit Down.
- Global Reset Coming! Central Banks Are Losing Control Of Financial Markets
- Deathblow to the Dollar – Even Our “Allies” Abandoning U.S.
- What Will Happen To You When The Dollar Collapses?
- Gerald Celente: “America Is A Collapsing Third World Country”
- Trouble Ahead: ‘Within One Year 9 Out of 10 Americans Would Be Dead’
- How Will the Dollar Crash Affect ME PERSONALLY?
- DOLLAR DOMINATION IS OVER!!!! – OMFIF Discusses Alternatives
- Gerald Celente: A Worldwide Panic Is Beginning And “There Is No Recovery”
GET YOUR VAST RIGHT WING CONSPIRACY
Peter, I live in Maine and there are tons of retired people here living in beautiful homes in the 3-700k range with acreage many not on the coast but the lakes and inland rivers that have been on the markets for years, only the cheaper homes or slashed pricing do they move….itis a nightmare and this is the place to be when the SHTF
“Do Americans Need to Worry About Starvation?”
I cracked ^up^ reading this headline!!! Au contraire, mon ami:
Have You recently checked out and gotten in touch with REALity here “on the ground”!??
Obesity is more than likely the very reason for more deaths than all self-inflicted wounds like {^false-flag^}-terror-attacks, illegal wars of aggression and victims of police-violence COMBINED, dude!
I agree. The american public will consider ‘starvation level high’ when Burger King, McDo and KFCs will no longer be operating.
https://www.youtube.com/watch?v=ucdryRr-9vM
Americans seem to worry about everything.
America will follow suit with Greece if they allow the useful idiots/liberals to destroy America’s second amendment rights. Last hope between civil obedience and outright military industrial complex tyranny, history has never been proven wrong.