As if you needed more reason to be wary about the future of the economy, four massive changes are occurring at this very moment which could set off a domino effect and wreak economic havoc throughout the world.
The energy crisis in Europe continues to worsen and some governments have resorted to nationalizing their private energy manufacturers – pushing them dangerously closer to complete socialism. Though it’s hitting the EU first, America’s energy woes will soon catch up and with the Democrats calling the shots, nationalization of energy companies will happen here too.
Other European countries like England are planning to print even more money to make good on promises to pay their citizen’s exorbitantly high energy costs – which will only send inflation higher while simultaneously devaluing their currency.
Meanwhile, Russia and China have been teaming up to develop a new currency which will replace the dollar as the global reserve currency. This move would be particularly damaging to the U.S. economy and could usher in a collapse which we would simply not be able to recover from.
The White House is well aware of the threat to the U.S. dollar and has responded by calling for the Federal Reserve to transfer over to a new digital currency, serving as further proof that the collapse of the dollar is imminent.
To better understand how devastating this whirlwind of events could be for both the U.S. and the global economy, watch the video here.