$10 Oil Will Trigger Economic Collapse, Warns Economist
Several noted energy experts warn that the price of oil will continue to plummet in 2016.
Goldman Sachs and Morgan Stanley expect oil to plummet to $20 a barrel … and Royal Bank of Scotland says $16 oil is on the horizon.
Both British bank Standard Chartered and energy expert Dr. A. Gary Shilling warn that we need to “get ready for $10 oil.”
Why many Americans celebrate cheap prices at the pump, they don’t realize that “cheap oil” spells DOOM for the U.S. economy.
It’s a massive ripple effect.
Oil service companies Baker Hughes, Halliburton and Schlumberger have already laid off over 50,000 employees. But it’s not just energy company employees who are impacted. The companies that supply fracking equipment, employee housing, restaurants and consumer services all feel the pinch, and will follow suit and layoff tens of thousands more employees, many of these businesses will have to close.
Then there’s the banks who loaned billions of dollars to these companies who will see massive losses. Many will go bankrupt. As a results, tens of thousands of more workers will lose jobs … and just like that … cheap oil brings down the entire U.S. economy.
But one economist, James Dale Davidson, believes that cheap oil is the least of our problems.
“It’s not cheap oil that should frighten you,” Davidson warns, “There are three other key economic indicators everyone is ignoring. And they are screaming SELL. They don’t imply that a 50% stock market collapse is looming, it’s already at our doorstep.”
Before you dismiss Davidson’s warning, know that he is the famed economist who correctly predicted the collapse of 1999 and 2007, and even larger events like the fall of the Soviet Union long before it toppled over.
Indeed, his predictions have been so accurate, he’s been invited to shake hands and counsel the likes of former presidents Ronald Reagan and Bill Clinton — and he’s had the good fortune to befriend and convene with George Bush Sr., Steve Forbes, Donald Trump, Margaret Thatcher, Sir Roger Douglas and even Boris Yeltsin.
When Davidson makes a prediction, they listen. And so should you.
In a new controversial video, Davidson uses 20 unquestionable charts to prove his point that a 50% stock market crash is here.
Most alarming of all is what Davidson says will cause the collapse. It has nothing to do with the China meltdown, the price of oil or even the presidential election. Instead, it is linked back to a little-known economic “curse” that our Founding Fathers warned our elected officials about … a curse that was recently triggered.
And although our future may seem bleak, as Davidson says, “There is no need to fall victim to the future. If you are on the right side of what’s ahead, you could seize opportunities that come along once, maybe twice, in a lifetime.”
Perhaps most importantly, in this new video presentation, Davidson reveals what he and his family are doing to prepare right now. (It’s unconventional and even controversial, but proven to work.)
While Davidson intended the video for a private audience only, original viewers leaked it out and now tens of thousands are downloading the video every day.
One anonymous viewer wrote, “Davidson uses clear evidence that spells out the looming collapse, and he does it in a simple language that anyone can understand.” (Indeed, Davidson uses a sandcastle, a $5 bill and straightforward analogies to prove his points.)
With his permission, I reposted the video on a private website. Click here to watch it now