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Jim Rickards, the Financial Threat and Asymmetric Warfare Advisor for both the Pentagon and CIA, has forecasted that the next Great Depression will start in 2015 and it will last for 25 long years. While there have been reports about the threat of a downturn in US economy, the fear of a $100 trillion American meltdown is really scary. According to experts, there are a lot of reasons why the US economy might be headed for trouble in 2015. Let us take a look at these factors in detail.
http://25yeargreatdepression.com/wp-content/uploads/2014/11/Great-Depression-2015.jpg
http://25yeargreatdepression.com/

I think depression massively likely to happen because so many Americans currently spend mainly funds and funds for rehabilitation and war in the Middle East, these funds are very much suck Budget of the United States, plus the increasing number of foreign debt of the American union this time, nevertheless, the American still be an important point in the map of the world, meaning that although Americans are depressed economy, they are still alive and continue life ...  ::)

It will happen , History write World War 1 & 2 solved this problem.
Sooo maybe World War 3 will fixed this problem ?

Basically when you look at a crisis, all you can do is tell what happened, but it becomes very hard to explain why the people, at that time, decided to take those decisions. Often, those crisis are not human made, they just result from a certain combination of involuntary mistakes and lack of communication between the concerned parties.

Indeed. You shouldn't put down to malice what can be attributed to stupidity.

Paraphrased from a famous quote.

A depression for 25 years... This could really be the lost generation.
People talk about those who came of age during Japan's lost decade; this could replicate it on a global stage.

Thanks Nostradamus. Can you tell my my fortune also?

This is 100% useless crap

...

NO ONE can reliably predict the future, it's just too complicated with too many unknowable factors out there.  Although there ARE many bad distortions in our economy that are visible to those who will look...

One important idea for individuals is to become your own Central Bank!  Diversification, fishez!

-- Gold (silver, platinum)
-- Stocks and bonds
-- Real estate
-- CA$H at home, enough for three - six months if possible
-- Etc.

Stay out of debt too.  Debt in deflation is a killer.

So if I have a £1000 overdraft with the banks and there's a global financial meltdown won't the banks (who are now almost none existent) just write my debt off? If the system is broken who will be left to prosecute me to recover my debt?

The meltdown won't happen overnight, it's taking years. There'll be some mergers and bail-outs and whichever bank takes over your bank will demand that you re-pay the debt.

If you Have cash i think better choose it is real estate. You will Have a really great probability to gain in next five/ten years.

The world economy only has a GDP of ~$90 trillion so I would find it very unlikely that the US economy would shrink by $100 trillion. I also don't think anyone in the CIA would be qualified to make these kinds of economic predictions.

If you knew anything about currency history you'd realise that the great depression was no accident, many of the problems we see happening on the surface are a direct symptom of what is being done in secret.

Again a post making wild claims without evidence...

25 years of prediction? No way you can predict the future for so long. So many economists have been wrong. What is for certain tho, is the fact we are fucking within our current system.

Our future financial obligations definitely present a major problem. Real national debt in the US is larger than the entire global economy. Painful choices will have to be made at some point but there are so many other factors in play. We are at the beginning of what will be one of the biggest oil booms in world history and that will definitely be a factor. Cheap energy is one of the fastest ways to grow an economy.

The debt issue is lurking for sure but it is not an imminent threat as the economic eschatologists would have us believe.   

US economy is recovering, everyone knows it

Most of the real debt is in the form of entitlement obligations and such obligations can easily be lowered via legislation. I would also argue that these obligations will not cause the kind of long term economic woes that the OP is claiming will happen to the US

Honestly, the very first reason the author gives makes the whole article irrelevant.
Just another US national debt FUD.

the 100t i think refers to lost wealth be it stocks, value of property etc. not just gdp. a global financial crisis would crush the GDP of most countries but more than that it would wipe out the wealth of nations ie. the value of their assets, commodities, property, paper wealth(stocks bonds etc). the latter is what is being referred to when it mentions "$100 trillion American meltdown" apposed to GDP alone..

There is a strong possibility of this unfolding. Sadly.

Full employment economy ended in the mid 1990s when NAFTA was signed and it became socially acceptable for companies to outsource their manufacturing plants to China and Mexico.   This is when the "depression" started for people on mainstreet and it has been going on strong for over 20 years now. 

I suppose I'll keep an eye out on this  ;)

We have Bitcoin, pretty advanced AI, global warming, peak oil, new cold war tensions and renewable energy rapidly growing as costs fall - and more likely - all happening in the next 25 years.

Trying to predict what will occur 25 years out by saying "25 year recession" is laughable.

Sure stocks may move down or up, but the world is going to be very different in 25 years! I don't give a shit about simple mainstream economic numbers.


I could easily imagine that we have a 3rd world war induced by a peak oil crash and global warming starving millions OR that renewables and AI saves "the economy" - but no one can get a job anymore because robots have them all.

For now I hold some Bitcoin, read the news and try to stay ahead of the curve.

If the cost of labor is cheaper overseas then the rational decision for any company would be to produce their product in the place where labor is cheapest/gives the best value.

Also the result of globalization is that people in the US are able to have a higher standard of living as they now have access to cheaper goods then they would otherwise have access to

I wish to God you're right.

Following this logic, only the people who didn't lose their jobs have a higher standard of living

The real possibility of peak oil is questionable. Now with improving technology we are able to extract more oil than ever. The only thing that matters is the price. The higher the price, the more economically recoverable oil is there.
Sustained oil price increases result in investment booms that increase production, which results in prices falling when these new supplies come online. Just what we are seeng right now. Not to mention the associated push for efficiency, which lowers the expected demand.

It just the prediction we can say ... these financial gurus are must be trying to convey their message so that we can control our expense... and this kind of news can't be ignored.. !!!

More and more are preaching a collapse. It's getting scary.

Yes, this guy is trying to sell some things - most people actually just want to sell stuff - but some of his info sounds correct.


But I agree, 25 year depression sounds ... like a bad movie :)
Maybe they didn't hear that there's bitcoin, altcoins and other good things, much better than those bubble-ish stock markets.
His predictions are based on history, but I see that he overlooked the fact that the world "moves" today at a much faster pace than 90 years ago.
Also, history tells that usually depressions end with wars. And Putin may "help" with this much faster than 25 years.


Well... time will tell.
With or without the crash, 2015 has the chance to be one of the best years for all (the fair) crypto-currencies.

Well 2015 is around the corner so we will find out how correct they were about the next great depression. Man lets just say YOLO.

There was a study done to see the span of an empire by Al Fin:
http://www.reactionaryjudaism.org/file/n15/fate.pdf

https://i.imgur.com/Go4h2m8.png

I have no doubt that it will happen, and the next super power will probably be China imo. You cannot build a civilization on debt and expect it to last! Come on, thats just common sense. It will collapse at some time, it was never intended to last forever. Just enough time so that the power players can make a ton of money and control.

As Voltaire said:

“Paper money eventually returns to its intrinsic value – zero.” (Voltaire, 1694-1778) Often Rather Quickly

He's got another nice interview here too:
http://jimrickards.blogspot.com/

He does make some interesting points about bail outs, they keep getting bigger and bigger, and eventually there will be no one bigger left to bail out the Fed.

He also mentions bitcoin, and makes a good point regarding its use as a currency.  He says it CAN be a currency, it just comes down to confidence in it as a currency.  I guess the next few years will be interesting!

I think it's worth noting that contemporary China economy is based on debt (fiat money) as well. Well, the whole world is.

This is true. It also depends who owes who i guess. USA owes China 1+ trillion dollars. They are on the right side of the table....for now. The rise and fall of empires.

Still, in the world of free-floating fiat currencies it doesn't matter as much as it did before. More important is owning resources. And China understands that (look at its african expansion).

+1

I didnt know about the China/Africa situation but then i went and looked into it....crazy stuff happening. Cheers for sharing that :)

I really do wonder though, where Germany and Russia fit into all of this.

Just read the whole article and it was a load of garbage. Nothing but in the air speculation of whet possibly could happen going only off what happened previously. There are no signs this will occr because it is something unpredictable.

Pascal's Scams.....

http://unenumerated.blogspot.com/2012/07/pascals-scams-ii.html?m=1

China doesn't care about that, as long as it manages to keep its vast labour force occupied.
That is one reason why it doesn't let the CNY appreciate.

Ahh!! pretty interesting...!!

I dont think 25 years depressions is possible at all. It is really long period of time and usually depressions take mayx few years.
It is impossible that GDP would just fall for 100 quarters in a roll, there should be made lots of mistakes. Even 25 year world war might not make this happen. Do you think 25 years world war is possible at all?