If you don't think economic collapse is coming and coming soon, you haven't been paying attention to what the Fed has done over the last 5 years and what President Obama is doing.
When economic collapse finally hits, because it is inevitable, more than 50 percent of Americans will be completely wiped out in just a few weeks. And then what do you think will happen to Obama's little plan for being a sugar daddy to those who could care less about our country, just to get their votes?
So what are the top 5 doomsday signs we are heading for economic collapse like the world has probably never seen?
1. Almost one quarter of all Americans have amassed more credit card debt than they have in emergency savings. That means when massive layoffs start happening, people will only have a few weeks of savings before they are wiped out and won't even be able to afford groceries.
And it gets worse…
2. A full 62 percent of Americans are living paycheck to paycheck and when they lose their jobs, they can't buy groceries, they can't pay their bills, they can't put gas in their cars and so on. Only 38% percent of people surveyed can cover a $500 repair bill.
3. Stocks are facing an absolutely monumental crash - Corporate debt is back to 2007 PEAK levels. Margin debt which is money borrowed to buy stocks is at 2007 PEAK levels. China’s GDP numbers are a total fiction and China's rail freight volume is at a 24 year low.
Next...
4. The Economic disaster Greece is facing - How Greece has managed to hold on without total collapse is anyone guess, but there is a looming disaster just waiting to happen in Europe over Greece. They can't pay their bills but they desperately need more money to keep going.
Watch the video below to see reason number 5...