In the new story and video below from Reason.com called "Why the US Is the Next Greece", Doug Casey from Casey Research offers a dire assessment of 'gloom and doom' ahead for the global economy, telling us that most of the banks around the world are bankrupt while issuing a warning to those people who are STILL keeping large amounts of capital in the banks.: "With these stupid governments printing trillions and trillions of new currency units, it's building up to a catastrophe of historic proportions."
While those who are paying attention to what's happening in America and global events are withdrawing their money from the banks and investing in food, precious metals and doing what's necessary to help their own families survival, Casey warns those still putting their trust in the bankrupt global banking system: "I wouldn't keep significant capital in banks," he shares with Reason magazine Editor-in-Chief Matt Welch, "Most of the banks in the world are bankrupt."
Telling us that what we are about to see here in America and across the planet is likely to be 'much worse than the 1930's' and 'much different', Casey tells us that once it all goes down, there will be nobody to bail us out since what's coming will happen on a worldwide basis.
Sharing that the United States has been going downhill for a long time and that 'nothing lasts forever', Casey nonetheless tells us about the 'bright side' of what's coming...the ability to purchase assets at much lower prices if we are able to achieve a 'cyclical recovery'. Then again, Casey warns direly, we may also enter the 'new dark ages'.
With new shopping malls going up across the country despite what looks to be ahead on the horizon, an ANP reader in Missouri recently emailed us a tip about ANOTHER newly built mall in St. Joseph's called the 'East Hills Mall' that once again has a strange story surrounding the building of it and once again, another newly built mall that has many characteristics of a FEMA prison camp.
Telling us once again of a mall that took way too long to build and then had major problems filling up the stores after a number of them broke their contracts, is this where they'll be holding Americans once the economy collapses and no one is able to go shopping at the malls any longer? With 'guard towers' such as this surrounding the mall we have to wonder when JCPenny's goes out of business along with the rest of the failing stores nationwide, will this mall, too, have another purpose entirely?
WHY do we continue to pay interest on counterfeit money created out of thin air?
