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

Prepare For Total Economic Disaster: "We Are Going Down And Going Down Hard"
Editor’s Note:
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.

Consumer Drowning Sorrows At The Bar
By James Quinn
The Burning Platform via SteveQuayle.com
Month after month I watch as the MSM mouthpieces try to spin declining consumer spending in a positive light.
They are practically out of excuses.
They are befuddled, because month after month they report “awesome” job gains and can’t understand why all these gainfully employed Americans aren’t buying shit they don’t need like they used to.
These faux journalists, spouting propaganda for their ruling class bosses, are willfully ignorant of the fact the job gains are in low paying part-time jobs and the fact that Obamacare and record high rents are sapping any discretionary income households would use to buy stuff..."