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The Dow Jones Industrial Average dropped 127 points this morning (April 2) thanks to China's tariffs against the United States as the new trade war escalates.
China announced new tariffs over the weekend (April 1) on 128 products, including pork, meat, fruit, and steel pipes, impacting $3 billion worth of U.S. imports.
China's escalation of the trade war is roiling the stock market today, but it's just the beginning of what's ahead…
You see, we're on the brink of an economic collapse 10 years in the making.
It will soon strike at the heart of America.
And the latest Chinese tariffs could be the first domino to fall in this "Great Reckoning."
You Must Act Now: America is headed for an economic disaster bigger than anything since the Great Depression. If you lost out when the markets crashed in 2008, then you are going to want to see this special presentation…
According to the New York Stock Exchange itself, there is $513 billion in margin debt for $154 billion in cash accounts.
That means for almost every single dollar in the market, there is more than $3 of imaginary, borrowed money.
On top of that, Americans' total credit card debt totaled $1.021 trillion in June 2017, the most outstanding revolving debt in U.S. history.
Americans also owe over $1.48 billion in student loan debt, according to StudentLoanHero.com.
The massive amount of debt could turn a routine pullback into an economic tailspin. A trade war could batter the economy, but as Americans struggle to meet their loan payments or exhaust their credit, the country could sink into a recession even worse than the last one.
But you don't have to be a victim of the foolishness of others. We've put together a blueprint you can follow to protect your family during the next crash.
If you don't act soon, the effects on your financial future could be more severe than anything you have ever experienced.