State of the Economy in 2017: A Doomsday Scenario | Insiders Gold Buying Guide

State of the Economy in 2017: A Doomsday Scenario

A private group of economic analysts recently came together to construct a probable scenario of the state of the world economy and the U.S. economy five years from now. They evaluated current as well as historical economic data to arrive at what they believe is a painfully realistic scenario of the economic situation in 2017. Their forecast appears to be nothing short of alarming.

Massive Debt Loads

The forecast says that the global economic crisis that precipitated in 2007 will show no signs of ending by 2017. If anything, the economic conditions are only likely to get worse, unless dramatic socio-economic policy changes take place at a global level – which appears to be a far-fetched thought at present. The US debt situation will snowball into a gigantic problem, with the debt crossing $25 trillion mark, and causing major downgrading of the country’s credit rating.

Wasteful Social Programs

The U.S. dollar would have lost its fast-eroding status as the global reserve currency, with gold as well as a group of other currencies replacing the dollar. At a political level, the United States would continue to suffer from a paralysis of indecisiveness and nervousness. An acute gap between the rich and the poor, and rising joblessness in the face of wasteful and ineffective social programs, would lead to an increasingly polarized American society.

Gold & Silver – Saviors

The European debt crisis that began in Greece would have spread like a contagion throughout Europe, resulting in a quick succession of bankruptcies and failures of banking institutions. With the unemployment levels at an all-time high throughout the west, and persistent weak consumer spending would create a scarcity or an insufficient amount of tax revenues for their governments. Food and oil prices would have gone through the roof. Prices of precious metals such as gold and silver would have scaled newer heights, with global investors continuously shifting their portfolios in favor of gold and silver.

A Ripple Effect

In the worst case scenario, Asian markets by 2017 will face their own set of economic problems, triggered from the bursting of a huge real estate bubble. Extensive protests and riots will be witnessed across the world, causing serious social challenges and preventing tough financial measures to put the global economic situation back in order. With investor confidence at an all-time low and a growing aversion to risk, economic recovery will be nowhere in sight.

Being Practical, not Theoretical

With this kind of frightening economic forecast about the near future, the question arises: Can we avert a global crisis, and put the world economy on a road to recovery? The answers are not easy, and nobody has the answers. We are living in extremely unpredictable times, and it is difficult to say with certainty how the economic future will shape up. A lot will depend on the political will of global leaders to take bold decisions that are visionary and not retrograde. But first the people have to put the right people in office, people who care about financial jurisprudence and not about politics or what sounds good in a classroom.

Prudent Investing

In any case, it is clear that there are no quick-fix solutions available. The deep-rooted economic weaknesses that have developed over decades will not vanish into thin air with some magic pill. The recovery, if and when it happens, will be long, painful, and slow. But it really does not have to be, it can be much quicker. Individual investors, meanwhile, need to assess the long-term scenario realistically and choose investment choices that are likely to provide a more secure and growth-oriented future.


My solution didn't come until I cut off the stock market from sucking me dry

here's how I kept them from getting anymore...

And remember, if you need a reliable resource to learn about gold, here's one. The gold investor kit that helped me figure it out is actually free. It armed me with expert strong-hold savings skills - you can get it through this website: free gold investor kit website.

Heads Up: Should you let a website (even this one) influence your investing decisions? Nope. Do what I do and talk with a real person on the phone - one who works in the industry and knows metals. The following link is a service that I have personally learned a lot from. This page explains who I talk to when I need answers (click here to learn more...)

Real Time Web Analytics