Prepare For Total Economic Disaster: “We Are Going Down And Going Down Hard”

There’s no more hiding it. The global economy is at a standstill – almost literally. The Baltic Dry Index, which tracks the price of moving raw materials across the ocean has completely collapsed to all-time lows. Last week it was reported in China that not a single container ship was transporting materials across the sea. Walmart, the nation’s largest retailer, announced that they are laying off thousands of people and closing hundreds of stores across the country. Consumer spending through the holiday season was abysmal and some of the countries leading companies are confirming these results in their latest quarterly reports. Stock markets around the world are crashing. Governments and central banks are in panic mode. While they will no doubt attempt to save the system as they did in 2008, it may already be too late for our immediate future. As James Quinn of The Burning Platform notes in his latest article, “we’re going down.” The recession is here.

[link to www.shtfplan.com]