Financial writer and book author Michael Snyder contends, “The Baltic Dry Index dropped below 300 for the first time ever. We did not even see that during the 2008 Great Recession and financial crisis. I didn’t know the Baltic Dry Index could go that low. We are seeing exports decline dramatically in South Korea. New numbers for Japan came out . . . their exports were down 12% year over year. Exports in China have been falling month, after month, after month. U.S. exports were down 7% for the last monthly figure we had. India’s exports are down. This is happening all over the world. Real economic activity is grinding to a halt.”
Either way, Snyder thinks we get “global financial collapse” and “World War III” but does not know which one comes first. Snyder says, “We already have the global economy grinding to a halt, but if we get WWIII, that just accelerates things greatly. It’s the chicken or the egg, whichever comes first, but without a doubt, we are moving into a time described as a perfect storm.”
On precious metals, Snyder says, “I think silver will absolutely skyrocket in the years ahead. We like gold, but absolutely love silver.”
Join Greg Hunter as he goes One-on-One with Michael Snyder, creator of TheEconomicCollapseBlog.com.
All links can be found on USAWatchdo0g.com: http://usawatchdog.com/perfect-storm-…