Economic Collapse

Abstract

The inclusion of a predicted economic disaster among the “imminent catastrophes” may come as a surprise to some readers. After all, “it’s only money.” A moment of reflection, however, should convince us that human suffering, including fatalities, that would be caused by a worldwide depression is surely of the same order of magnitude as the potential miseries inflicted by the other catastrophes. Widespread famines, riots, even revolutions and wars might well result from an international economic collapse. Moreover, since the recommended actions against the other seven imminent catastrophes, without exception, require vast infusions of money, the struggle against them would surely be handicapped, if not doomed, by a calamitous economic downturn. To be sure, the economic catastrophe differs in a number of significant respects from the others discussed in this part of the book.

... The Great Depression afflicted the world in 1929 and lasted more than eight years. I believe that a disaster of the same, if not greater, severity is already in the making. It will occur in 1990 and plague the world through 1996.

—R. Batra ⁽¹⁾

The die is cast. We will crash into the worst economic times imaginable! The crisis is inevitable.

—J. L. King ⁽²⁾