1 Discretionary spending declines by at least 60% 2 Oil over supply, falling demand and oil war. 3 Economic recession 4 Housing crash 5 Deflationary environment and gold about to fall. 6. Banks full of debt from housing bubble and holding mortgages over valued by at least 40% to 60% 7. Lack of disposable income 8. World long term unemployment rising by at least 5% 9. World debt to GDP unsustainable. 10. Emerging and developing economies debt climbed to a record US$55 trillion 2018 11. China debt to GDP 300% 12 US debt to GDP 110%
