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Mediums:  The CR News Reports© is a copyright publication of Channeled Readings®.  The following predictions on the GLOBAL ECONOMY were channeled on March 10, 2011 directly from our “Higher Intelligence Source” and not from what we, the Mediums may think, reason, guess, analyze or anticipate from probabilities or trends. These predictions are not based in conspiracy theories or come from a doomsayer's slant. We provide Survival News Predictions to help you overcome any fear of the future you may have and empower you to prepare for what's coming... Is it possible that the United States as well as the rest of the world is heading for an economic meltdown? Most people find this hard to believe with all the talk of economic "recovery" being spouted by all the talking heads in the mainstream news. Could we be on the verge of a coming economic disaster that will cripple the world and this talk is all a smokescreen to keep us from seeing what's really happening? Let's look at the situation in the United States. The current system is based on debt, and there is a gigantic debt bubble getting ready to pop.  Leaders of the Fed, the Treasury, and Congress seem to think that the solution is more debt and that it's necessary to raise the debt ceiling. This is like someone with maxed out credit cards asking for a limit increase when the bill collectors call. The truth is that wealth has slowed down for most and stopped for many. Look at your own situation.  Are you better off today than you were a year ago?...2 years ago?...5 years ago?  Is the Federal government or your state government better off now than 5 years ago? Is the global economy better off than it was 5 years ago? In some countries, it is; but not in Western countries. Sure, there's the emerging economies that have been doing well for several years and now their growth is becoming more challenging. There are even some who, a couple of decades ago, decided not to be a slave to OPEC oil and converted all vehicles to bio fuels and grow their own fuel. Now, with most countries in the world dependent on oil from countries who don't even like them, rising energy and food prices are bringing their economies, as well as people's anger, to a boiling point. What makes this worse is that while expenses are going up and credit is disappearing, jobs are disappearing along with peoples' ability to pay their past debts much less their new, increasing costs of living. Prices for the resources that all major economies of the world depend on seem to be skyrocketing. We have technology to do many amazing things, but no civilization can exist without basic oil and food. Over 42 million Americans are already on food stamps so they can afford to feed their families. Increasing food prices will swell these ranks and add to the burden of this government social program. Other countries have had food riots over the past two years where the people cannot even afford a bag of basic grains to make their food. Even the cost to ship the necessary food commodities and oil around the world is rising quickly.  So, if the global economies are strained now, what can we expect if food and energy prices go up 35 or 50 percent more? It seems that cheap oil and cheap food are a thing of the past. People assumed that the "all-you-can-eat" smorgasbord of gluttony and over-consumption would never end. Somewhere along the way, we transformed from a society of producers to a society of consumers, consuming more than we produced. Now, this behavior has caught up to us, the paradigm is changing, and nothing will return to the "way it was" in the fantasy we lived in since the 1950's. What is in store for the global economy in the near future and how will the world be affected? We would ask our Higher Intelligence source to bring through their predictions and commentary on this and anything else they see as relevant to the Global Economy at this time.  ... Go ahead with your predictions and commentary...  

Voice of Higher Intelligence:  No matter what they think, people need to plan for economic and civil instability and unrest. They need to at least have some money put away for basic expenses, some food and water and a way to protect themselves. Growing economic troubles in other countries will be affecting America. In addition to the deteriorating conditions already in America, costs for food, energy, taxes, health care are all going up, while people's income, jobs, benefits, real estate are all declining. We see a major event that will occur around March 18th, plus or minus 3 days that will affect the global economy in a negative way. This event could be a sharp reversal in the stock markets, possibly the result of a flash crash. Or, it could be a new flashpoint of violence that will affect oil shipments. This could also be a terrorist attack. You could see a counter revolution taking place within a country that thought it was on its way to a better future. Or, a major weather incident will cause big problems with the world's economy. This event will remain a drag on the world's economy for 3 months before its effects start to wane. Our best advice for preparing for the changing global economy is to live frugally and invest in only appreciating assets. This is the key to your survival.    

 

Mediums: Please provide the Headline for this Topic.   Voice of Higher Intelligence:   Economic Shockwave Coming In March

 

Mediums: How will this event that you are warning us about change the psychology of people going forward?   Voice of Higher Intelligence:   It will be a shock to many that were believing in the recovery and many will feel they waited too long to prepare and become depressed.

 

Mediums: Taking this warning into consideration - how much cash should a person or family have on hand?   Voice of Higher Intelligence:   3 to 6 months.

 

Mediums: Is this warning that you just spoke of going to be a global event that affects everyone?   Voice of Higher Intelligence:   Yes, this event will add significantly to the existing turmoil in the world.

 

Mediums: What countries will be most affected by this one event?   Voice of Higher Intelligence:   The U.S. will begin to realize that the end is nearer than expected - the end of the economic Ponzi scheme that supports the markets.

 

Mediums: What part of the market will thrive under these conditions?   Voice of Higher Intelligence:   Precious metals and anyone who is short the Indices. 

 

Mediums: Will this cause any bank disruptions?   Voice of Higher Intelligence:   This will cause bank stocks to fall significantly.

 

Mediums: Recap the most important points in your message today?   Voice of Higher Intelligence:  Our message is that to be prepared regardless of what the event is the prudent thing to do.

Mediums: Why is this information timely?   Voice of Higher Intelligence:  This information is timely because many Americans still believe that the old normal is returning and can't foresee it to be any other way. 

Mediums: Tell our readership the best way to apply this information to their life right now?   Voice of Higher Intelligence:  Try imagining how you would survive if the economic slowdown lasts for an extended period of time.

Mediums: Thank you for your predictions and commentary on this topic