Video: Even Donald Trump Is Warning That An Economic Collapse Is Coming

Pakalert February 5, 2011 8

The Economic Collapse

In a shocking new interview, Donald Trump has gone farther than he ever has before in discussing a potential economic collapse in America.  Using phrases such as “you’re going to pay $25 for a loaf of bread pretty soon” and “we could end up being another Egypt”, Trump explained to Newsmax that he is incredibly concerned about the direction our economy is headed.  Whatever you may think of Donald Trump on a personal level, it is undeniable that he has been extremely successful in business.  As one of the most prominent businessmen in America, he is absolutely horrified about what is happening to this nation.  In fact, he is so disturbed about the direction that this country is heading that he is seriously considering running for president in 2012.  But whether he decides to run in 2012 or not, what Trump is now saying about the U.S. economy should be a huge wake up call for all of us.

Trump says that the U.S. government is broke, that all of our jobs are being shipped overseas, that other nations are heavily taking advantage of us and that the value of the U.S. dollar is being destroyed.  The following interview with Trump was originally posted on Newsmax and it is really worth watching….

Now, you may or may not think much of Donald Trump as a politician, but when a businessman of his caliber starts using apocalyptic language to describe where the U.S. economy is headed perhaps we should all pay attention.

The following are 12 key quotes that were pulled out of Trump’s new interview along with some facts and statistics that show that what Trump is saying is really happening.

#1 “If oil prices are allowed to inflate and keep inflating, if the dollar keeps going down in value, I think there’s a very distinct possibility that things could get worse.”

Donald Trump is exactly right – we are headed for big trouble if we continue to allow the Federal Reserve to pump hundreds of billions of new dollars into the system.  As I have written about previously, all of this new money will give us the illusion of short-term economic growth and it will pump up the stock market, but in the end all of the inflation the new money is gong to cause is going to be very painful.  Just look at how rapidly M1 has been skyrocketing over the last couple of years.  Is there any way that we are going to be able to avoid paying a very serious price for all of this reckless money printing?….

Already all of this money printing has had a very serious affect on world financial markets.  The price of agricultural commodities is skyrocketing and the price of oil has almost reached $100 a barrel once again.  The last time that the price of oil soared above $100 a barrel was in the early part of 2008, and we all remember the horrific financial collapse that followed in the fall of 2008.

#2 “….you’re going to pay $25 for a loaf of bread pretty soon. Look at what’s happening with our food prices. They’re going through the roof. We could end up being another Egypt. You could have riots in our streets also.”

The price of corn has risen 88 percent over the past year and the price of wheat has soared a whopping 114 percent over the past year.  Let’s hope that we don’t have to pay $25 for a loaf of bread in the United States any time soon, but in some areas of the world that is what it now feels like.

Approximately 3 billion people in the world today live on the equivalent of $2 a day or less, and most of that money ends up getting spent on food.  When food prices go up 10 or 20 percent in deeply impoverished areas of the globe, suddenly the lives of millions are threatened.  The riots that we have seen in Egypt, Algeria, Tunisia and other nations recently were not entirely caused by rising food prices, but they were certainly a big factor.

#3 “I think gold will go up as long as people don’t have confidence in our president and our country. And they don’t have confidence in our president.”

Investors run to gold and other precious metals when they don’t feel secure.  We saw that happen a lot in 2010.  As confidence in the paper currencies and the financial systems of the world has rapidly diminished, precious metals have become increasingly attractive.

In fact, the price of gold has doubled since the beginning of the economic downturn in 2007.  As the global financial situation continues to become more unstable, the demand for precious metals is likely only going to become more intense.

#4 “The banks have really let us down. Number one, they did some bad things and caused some bad problems. Number two, if you have something that you want to buy, like a house, they’re generally not there for you.”

Banks were given massive bailouts with the understanding that they would open up the vaults and start lending money to average Americans again.

Well, that has not happened.

In particular, it has become much, much harder to get a mortgage in the United States today.  Not that the big banks didn’t need to make changes to their lending practices, but things have gotten so tight now that it is choking the real estate market to death.

#5 “I see $3.50 for a gallon of gas for cars, and cars are lined up trying to get it and it’s $3.50. It’s a shame, a ridiculous shame.”

Our lack of a cohesive energy policy is a national disgrace.  There is no way in the world that a gallon of gas should be $3.50 a gallon.

The U.S. has massive reserves of oil and natural gas that it should be using.  In addition, the lack of progress on developing alternative energy sources in light of our sickening dependence on foreign oil is very puzzling.  We should be very far along towards solving our energy problems by this point.

Meanwhile, we keep pouring billions into the pockets of foreign oil barons every single month.  Unfortunately, Trump was exactly correct in the interview – if something is not done the price of gas is going to keep going higher.

#6 “I think the biggest threat is that our jobs are being stolen by other countries. We’re not going to have any jobs here pretty soon.”

Donal Trump is one of the few prominent leaders that is openly speaking the truth about the predatory economic practices of some of our “trading partners”.  Most of our politicians have just kept endlessly promising us that free trade is “good for us” even as tens of thousands of factories and millions upon millions of jobs have been shipped overseas.

Back in 1970, 25 percent of all jobs in the United States were manufacturing jobs. Today, only 9 percent of the jobs in the United States are manufacturing jobs.

Yes, computers and robots have replaced a lot of manual labor today, but technology does not account for most of the decline we have seen in manufacturing.

n 1959, manufacturing represented 28 percent of all U.S. economic output.  In 2008, it represented only 11.5 percent.  Meanwhile, manufacturing in the “developing world” has absolutely exploded.

#7 “We’re like a whipping post for other countries. We are standing there and just being beaten by South Korea, by Mexico, by China, by India.”

Most Americans have absolutely no idea how lopsided many of our “trade agreements” actually are.  Other nations openly manipulate their currencies in order to keep their exports dirt cheap and we allow it.  Other nations openly subsidize their domestic industries that are directly competing with businesses in the United States and we don’t complain.  Other nations make it incredibly difficult for American companies to do business in their countries while we allow foreign corporations to come on in and do pretty much whatever they want here.

Then there are certain nations (such as China) that brazenly rip off trade secrets from foreign corporations time after time after time and never get penalized for it.

Meanwhile, our economy continues to bleed jobs at a staggering pace.  The number of net jobs gained by the U.S. economy during this past decade was smaller than during any other decade since World War 2.

Fortunately, more Americans than ever seem to be waking up and are realizing that globalism is causing many of these problems.  A NBC News/Wall Street Journal poll conducted last year discovered that 69 percent of Americans now believe that free trade agreements have cost America jobs.

#8 “All of our jobs are going to China. We’re rebuilding China and other places.”

China is doing great.  China is now the number one producer in the world of wind and solar power.  They now possess the fastest supercomputer on the entire globe.  China also now has the world’s fastest train and the world’s biggest high-speed rail network.

Most Americans don’t realize that China is literally kicking the crap out of us.

Back in 1998, the United States had 25 percent of the world’s high-tech export market and China had just 10 percent. Ten years later, the United States had less than 15 percent and China’s share had soared to 20 percent.

Every single month we buy about 4 times as much stuff from them as they buy from us.  Our trade deficit with China has ballooned to enormous proportions.  In fact, the U.S. trade deficit with China during this past August was more than 4,600 times larger than the U.S. trade deficit with China was for the entire year of 1985.

So when Donald Trump says that we are rebuilding China he is not joking around.

Nobel economist Robert W. Fogel of the University of Chicago is projecting that the Chinese economy will be three times larger than the U.S. economy by the year 2040 if current trends continue.

Yes, that is how serious things have become.

#9 “We are a laughingstock throughout the world.”

Donald Trump has said on several occasions that his friends and business partners in China just laugh and laugh at us.  They can’t even believe what they are getting away with.

We have become an incompetent giant that is the butt of all the jokes.

According to Stanford University economics professor Ed Lazear, if the U.S. economy and the Chinese economy continue to grow at current rates, the average Chinese citizen will be wealthier than the average American citizen in just 30 years.

Our formerly great industrial cities are slowly becoming ghost towns.  The number of long-term unemployed Americans is at an all-time high.  Tens of millions of Americans can’t even survive without government assistance anymore.  The number of Americans on food stamps set a new all-time record every single month during 2010, and now well over 43 million Americans are enrolled in the program.

We really have become a joke.

#10 “The federal government has no money.”

Unfortunately, our federal government has continued to borrow and spend like there is no tomorrow.

According to the Congressional Budget Office, the U.S. government will have the biggest budget deficit ever recorded (approximately 1.5 trillion dollars) this year.

So much for fiscal discipline, eh?

It is being projected that the U.S. national debt will increase by $150,000 per U.S. household between 2009 and 2021.

Do you have an extra $150,000 to contribute for your share?

By 2015 our national debt will be somewhere in the neighborhood of 20 trillion dollars.

It is the biggest mountain of debt in the history of the world by far, and it is the gift that we are going to pass down to future generations of Americans.

If there are any future generations of Americans.

#11 “I hate what is happening to this country.”

We should all hate what is happening to this country.  Our economic guts are being ripped out, we are being abused by the rest of the world, America’s infrastructure is being sold off piece by piece, our federal government is drowning in debt, our state governments are drowning in debt and our local governments are drowning in debt.

The only way we can even keep going is to run around to the rest of the world and beg them to keep lending us more money.

The mainstream media keeps proclaiming that we are the greatest economy on earth, but the truth is that we are being transformed into a pathetic loser and our politicians are just standing there with their hands in their pockets letting it happen.

All red-blooded Americans should be horrified by what is happening to this nation.  We have been betrayed by corrupt and incompetent leaders.  As a nation, we have become fat, lazy and stupid.

Hopefully what Donald Trump and others are saying about a coming economic collapse will serve as a huge wake up call and the sleeping giant will arise once again.

If the sleeping giant does not arise, we are in a massive amount of trouble, because right now the road we are on is leading to the biggest economic collapse the world has ever seen.

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  1. Falesteeni March 29, 2011 at 4:27 am - Reply

    Jews SOLD YOUR country out TRUMP but you point the FINGERS at others…But if you ever become a PREZ..First you will have to BOW to JEWBOY for his blessings, second you will learn to take ORDERS from TEL-AVIV!, so please JUST shut up TRUMP!

  2. Falesteeni March 29, 2011 at 4:24 am - Reply

    @ TRUMP, you are as DUMB as a three DOLLAR bill, First you idiot you say NOTHING about the WORTHLESS AMERIKKKAN dollar that’s backed by NOTHING!!! you are STUPID TRUMP and I REPEAT IT >>YOU ARE WORTHLESS ZIONIST INSIDER PIECE OF SHIT….can’t believe AmeriKKKANS will vote this GARBAGE in!

  3. GJS February 14, 2011 at 10:02 pm - Reply

    That was one of the softest interviews I have ever witnessed, did Donald write it all himself sorry I should have said paid someone to write it for him. If this is supposedly to show us a sincere interview of someone it just goes to show how little regard these people have for the average person, it is an insult to anyones intelligence.
    The only credible part is where he states the job losses etc saying it must be fixed but I hope we all noticed he did NOT say how he would fix it.
    The US along with the UK, Australia etc desperately needs a viable unaligned third party in politics, fresh people who are unblemished from corruption, greed & deceit if we seriously ever want to go back to a decent community where honesty is more highly regarded than money being passed under a table or return favours, it wasn’t long ago we were actually governed by mostly honest people who genuinely wanted to do what was best for their country, sure there were always bad apples but now it’s hard to find ANY politician that isn’t in someone elses pocket or doesn’t have their own agenda to fullfil, it’s truly disgusting we have allowed things to become so bad, downright disgusting.
    If you want true reform in Politics, WE (the voters) are the ONLY ones who can make it happen, if you truly want to get back to basics, KICK OUT the two main parties, vote in fresh blood & you’ll be amazed at how fast & agreeingly the main 2 parties will reform themselves.
    We have given them free reign for far too long, they have lost their direction & priorities, it’s up to us to bring them back into reality before it realistically is too late.
    Thank you & I wish you all the very best.

  4. James M Nunes February 6, 2011 at 6:52 am - Reply

    I agree with Donald Trump 100%. The cause of the financial and economic crisis is the 2/3 majority of congress that voted for the following bills: 1-Passed Nafta and GATT. 2-Gave tax credits to the U.S. industrial corporations to move their manufacturing off-shore, 3-Deregulated the banks. If the U.S. congress does not pass major reforms, the nation is headed for bankruptsy, followed by a depression.

  5. Abaddon February 5, 2011 at 7:20 pm - Reply

    Now even the fat cats are starting to scream, as they see their fabulously rich way of life being seriously threatened. The tsunami of global problems are making it harder and harder for them to find a safe haven to flee to. What will their paper money get them shortly as it disappears down the drain of hyperinflation, or if they buy gold and other precious metals, what good will it do them when their is no food or drinkable water, are these “people” survivalists? When you see the top rats of society squealing as they leave the global sinking ship for pastures anew or more likely their bunkers, it has to tell those who do their own thinking that we are very close to the end of a system that these parasites have exploited all their lives. They have destroyed through their greed the very system that gave them everything, as others have said of these people, all they are, are “money junkies” and like all addicts they destroy all around them and they end up dead in some alleyway, in their case, bunker. That final desperate injection of global greed is now in process as they are making it impossible for people to eat, as they are buying up all the worlds commodities, food included, as though it was the last supper, and it is for billions of people around the world. If people think there is some solution, think again. What we are seeing are the implosion of all of mans problems and differences that have been part of the human psyche and history since man has been on the planet. They have all come together on a global scale for all to see, there is no subterfuge here, no underhanded skullduggery, truth needs no such methods to demonstrate its honesty, it is all being displayed to us on a grand global stage, and the earth wide drama is fast coming to its tragic conclusion. Amen.

  6. Janus February 5, 2011 at 7:49 am - Reply

    Donald Trump: “Neil Cavuto [From Foxnews] is a great guy”.
    LADIES AND GENTLEMEN: The billionaire featured in above video, i.e. Donald Trump, cannot be trusted. His son-in-law is also Jewish.

  7. Janus February 5, 2011 at 7:36 am - Reply

    LADIES and GENTLEMEN: Anyone who appears regulary on the mainstream American media cannot be trusted. If Mr. Trump thinks that the Republican party is better trustworthy than the Democratic party whilst both of them are as bad as each other – he alos cannot be trusted. There is no such thing as a trustworthy American politician with the current power structure.

  8. wiseman February 5, 2011 at 6:10 am - Reply

    No doubt, Mr. Trump is one of the most brilliant business minds the world has produced. With apprehension and fear for the future, I also agree with Mr. Trump’s assessment of the impending economic failure of the USA. However, as long as the USA prefers to spend its wealth on senseless wars it cannot win, then there will be no end in sight for the continued degradation of the US dollar and the coming of a second US financial collapse that will bring America to its knees. Further, many economists will agree that printing money to satisfy debt is inflationary and thus dangerous. Ironically and eventually, China will be a stronger superpower than the US because it is managing its investments and debt far better than the USA is currently doing. The tipping point will occur when the world chooses another world reserve currency other than the USA dollar.

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