July 23, 2015

SPP107 How the World Economy Affects Us

37 minutes

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In today's podcast Bennett Johnson and I talk about why the worlds economy affects the united states and why the Chinese economy crashing might not be a good thing for us in the U.S.

I also mentioned the contest that we are having this week for the hidden Gun Shelf. You can read more about the contest here, and I will also announce the winners on next weeks podcast.

The other contest we are running this month is for the Academy Members, we will be giving away a few prizes to 4 randomly picked winners, these prizes are...

2. Bug out Bag First aid kits (Here)

1. Maxpedition EDC Kit (Here)

1. Copy of Patriots by James Rawles (Here)

Check out the Academy, join the community and become a member today.

Hidden Gun Cabinet Giveaway!

There are a few ways you can enter below, and make sure to come back every day to get more entries.

The contest will end on August 4th (2 weeks) and the winner will be announced on the Survivalist Prepper Podcast, here on this page and I will also send out an email. You can get on the email list here.

The winner has 48 hours to respond and claim their prize. If the shelf is not claimed in 48 hours I will go to the next person on the list…and so on.

That’s it! Pretty easy right? GOOD LUCK EVERYONE!

Hidden Gun Cabinet

Why does the global market affect us (China)? The crash of 2008 was preceded by the same type of events:

The one world government and economic system is here. It exists now. The final brick in that wall was the rise of high-speed internet and powerful computing. We are now connected at the speed of light to everyone and anyone around the world. What happens on the opposite end of the planet can hit this end of the planet in less then ten minutes through the web.

Remember that banking and financial markets are the oil in our economic engine. Companies go to the financial markets seeking loans and capital to invest, grow, invent, and market their new products. This is the purpose of the stock market. For example: If you buy $100 of stock in Apple Corporation. Apple uses that $100 towards the operation of their company. If they are successful then Apple becomes more valuable and you investment grows with it. The opposite is true. If Apple failed then your money is lost.

Imagine this happening to millions of companies and to millions of people in a single day. The investments are not $100 they are more like $100,000 or even $100 Million!

Markets go up and down all the time. When companies get too big or not managed well or if there is war or too much debt then the markets crash. Not if but when the crash happens, millions and billions of dollars are lost. Wealth is destroyed and it sets everyone back decades. Every investor suddenly has less money to buy those things that make our life better. The less we buy the less companies have to operate. That leads to layoffs which leads to further wealth destruction and we have been less to live on. You see the progress of the slide downward.

This all leads us back to how is China connected to the USA. Our banking systems are now global. China invests in the USA and we invest in China. That applies to every modern nation, not just us and China. China and USA are two of the largest. That means when one goes down, it will hit the rest of the connected markets very hard.

It seems odd and it should be concerning that The New York Stock Exchange, United Airlines and the Wall Street Journal have all fallen victim to a series of massive technical glitches within hours of each other.

That is a strange set of circumstances not to be related. Related or not the result is the same. It shows that our greatest strength is our greatest weakness. Technology has become so advanced that we can no longer control it. The systems are too large and too complex for even the best computer experts to police,

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