Another man made disaster Most Likely is about to happen on 7/01/2014 to collapse at least the US economy if not the world economy. John Adams said "there are two ways to conquer and enslave a country. The first is by the sword, the other one is by the debt." Many well known financial experts say that because of some action(s)-that I'm not familiar with-the stock market and maybe the global economy will collapse beginning on July 01, 2014 that may happen on one day or over several months. It's caused by the globalists to have a one-world government. Someone should find out more about this.
Don't be too hung up about it. These types of rumors and rumors of rumors have been going on for quite awhile. Don't you recall the recent similar predictions were made for a global economy crash in 2012 and 2013?
The one you are referring to went viral in February and it overlaid the DOW chart leading to the 1929 crash as compared to the present chart and concluded a crash on 7/1/14. However, it has been debunked and concluded as someone's idea of a joke.http://www.theatlantic.com/business/archive/2014/02/that-viral-chart-predicting-another-1929-stock-market-crash-its-absurd/283762/
Another man made disaster Most Likely is about to ... (
July 1 2014 is when HR 2847 goes into effect. Also known in part as the Foreign Account Tax Compliance Act (facta). The act makes U.S. residents accountable for money invested in foreign banks by requiring the offshore financial institutions to provide a 1099 form to the Internal Revenue Service for their American customers. Under facta, banks will be forced to submit information on total assets, account balances, transactions, account numbers and other personal identifying information. It is not really known what ramifications this law will have on U.S. residents with funds in foreign banks or if foreign banks will even cooperate with the law. In my humble opinion, they will likely tell the US government to kiss their asses and stick HR2847 up ours.
In that light, it is likely to have no real lasting effect on the dollar. Our massive debt and the illegal, unConstitutional federal reserve's continual printing of fiat currency and the resulting massive inflation will more than likely have a more detrimental effect on the dollar.
Don't be too hung up about it. These types of rum... (
I sure hope you are right. I have seen this several places and while I am not convinced it will happen, I am also not much on the money markets and don't really follow them.