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12 Signs That An Imminent Global Financial Crash Has Become Even More Likely

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Time Spinning Skyline - Public DomainDid you see what just happened?  The devaluation of the yuan by China triggered the largest one day drop for that currency in the modern era.  This caused other global currencies to crash relative to the U.S. dollar, the price of oil hit a six year low, and stock markets all over the world were rattled.  The Dow fell 212 points on Tuesday, and Apple stock plummeted another 5 percent.  As we hurtle toward the absolutely critical months of September and October, the unraveling of the global financial system is beginning to accelerate.  At this point, it is not going to take very much to push us into a full-blown worldwide financial crisis.  The following are 12 signs that indicate that a global financial crash has become even more likely after the events of the past few days…

#1 The devaluation of the yuan on Tuesday took virtually the entire planet by surprise (and not in a good way).  The following comes from Reuters

China’s 2 percent devaluation of the yuan on Tuesday pushed the U.S. dollar higher and hit Wall Street and other global equity markets as it raised fears of a new round of currency wars and fed worries about slowing Chinese economic growth.

#2 One of the big reasons why China devalued the yuan was to try to boost exports.  China’s exports declined 8.3 percent in July, and global trade overall is falling at a pace that we haven’t seen since the last recession.

#3 Now that the Chinese have devalued their currency, other nations that rely on exports are indicating that they might do the same thing.  If you scan the big financial news sites, it seems like the term “currency war” is now being bandied about quite a bit.

#4 This is the very first time that the 50 day moving average for the Dow has moved below the 200 day moving average in the last four years. This is known as a “death cross”, and it is a very troubling sign.  We are just about at the point where all of the most common technical signals that investors typically use to make investment decisions will be screaming “sell”.

#5 The price of oil just closed at a brand new six year low.  When the price of oil started to decline back in late 2014, a whole lot of people were proclaiming that this would be a good thing for the U.S. economy.  Now we can see just how wrong they were.

At this point, the price of oil has already fallen to a level that is going to be absolutely nightmarish for the global economy if it stays here.  Just consider what Jeff Gundlach had to say about this in December…

And back in December 2014, “Bond King” Jeff Gundlach had a serious warning for the world if oil prices got to $40 a barrel.

“I hope it does not go to $40,” Gundlach said in a presentation, “because then something is very, very wrong with the world, not just the economy. The geopolitical consequences could be — to put it bluntly — terrifying.”

#6 This week we learned that OPEC has been pumping more oil than we thought, and it is being projected that this could cause the price of oil to plunge into the 30s

Increased pumping by OPEC as Chinese demand appears to be slackening could drive oil to the lowest prices since the peak of the financial crisis.

West Texas Intermediate crude futures skidded through the year’s lows and looked set to break into the $30s-per-barrel range after the Organization of the Petroleum Exporting Countries admitted to more pumping and China devalued its currency, sending ripples through global markets.

#7 In a recent article, I explained that the collapse in commodity prices that we are witnessing right now is eerily similar to what we witnessed just before the stock market crash of 2008.  On Tuesday, things got even worse for commodities as the price of copper closed at a brand new six year low.

#8 The South American debt crisis of 2015 continues to intensify.  Brazil’s government bonds have been downgraded to just one level above junk status, and the approval rating of Brazil’s president has fallen into the single digits.

#9 Just before the financial crisis of 2008, a surging U.S. dollar put an extraordinary amount of stress on emerging markets.  Now that is happening again.  Emerging market stocks just hit a brand new four year low on Tuesday thanks to the stunt that China just pulled.

#10 Things are not so great in the United States either.  The ratio of wholesale inventories to sales in the United States just hit the highest level since the last recession.  What that means is that there is a whole lot of stuff sitting in warehouses out there that is waiting to be sold in an economy that is rapidly slowing down.

#11 Speaking of slowing down, the growth of consumer spending in the United States has just plummeted to multi-year lows.

#12 Deep inside, most of us can feel what is coming.  According to Gallup, the number of Americans that believe that the economy is getting worse is almost 50 percent higher than the number of Americans that believe that the economy is getting better.

Things are lining up perfectly for a global financial crisis and a major recession beginning in the fall and winter of 2015.

But just because things look like they will happen a certain way does not necessarily mean that they will.  All it takes is a single “event” of some sort to change everything.

So what do you believe will happen in the months ahead?

Please feel free to join the discussion by posting a comment below…

  • Guest

    “The ratio of wholesale inventories to sales in the United States just hit the highest level since the last recession. What that means is that there is a whole lot of stuff sitting in warehouses out there that is waiting to be sold in an economy that is rapidly slowing down.”

    Yes. I see this at my place of employment.

    • MichaelfromTheEconomicCollapse

      Specifically what are you seeing?

      • Guest

        2014 holiday inventory has been coming in lately. It’s stuff that has been sitting in our warehouses in Maryland.

        • nocomment

          This holiday shopping season will be interesting…it’s bad enough I bought Easter and Halloween candy this year and noticed it said “2013” on the package when I got it home…

    • Alwaystomorrow

      Luckily I work at a plant that formulates and packages herbicides. 95% of our customers are farmers.

      Except for the slight slowdown which is usual for this time of year we are doing fantastic.

      We just completed an additional building which housed a new formulating facility at a cost of slightly over 10 million dollars.

      In November the entire packaging lines are going to be phased out for new ones, one at a time.

      Things are bad at a lot of places, but not everywhere, and believe me I an thankful.

      • We have already come this far and have started to get things right. Do you ever imagine a Earth run by free spirited humans?

        Its reverse…Whats more scary than humans predicting things ?

        Do you think they will allow humans to run wild on earth predicting things right?

        Whats next for humanity…Self Cure…Curing sickness, living for ever…You must be joking.

        I wish this does not come true and we can be slaves for ever…If it does come true and it will…Its obvious…Its time to cull humans..That’s why its time to PREPARE.

        People wake up and look to the other side.

        Go Beyond Collapse…That’s why predictions are coming true…

        • Alwaystomorrow

          lavista4u, that is a little to deep for me to wrap my brain around. Sorry.

          • No worries…Its not your fault. An Advance AI is ruling this part of the universe itself. We are not suppose to unravel all these stupidity created by an AI.

            Our life path is one of love and bliss, we are being forced to use our brains than is needed. Our heart alone is enough to lead a beautiful life. You are on the right track.

          • Mike

            Haha!

        • Lugnut Capp

          God needs to get rid of the devil monster

      • greyprepper

        Ya know, until you and James started going to town on this article I had no idea just how serious the wealth gap really is in America.

  • Alwaystomorrow

    The Economic Collapse Blog Has Issued A RED ALERT For The Last Six Months Of 2015

    Published 6/25/2015

    143 days until 12/31/2015.

    Lets do a count down every day until the end of 2015 and see just what happens

  • Jack

    Travel around the country and you see the restaurants filled, people shopping at the malls, waiting in long lines at Disney/6 flags/ kings dominion etc. No fear out there. People buying new cars, clothes for school, electronics etc.
    You are crying wolf. Yes a stopped clock can be right twice a day but smarter people than you are at the controls. No President, banker, Fed Res Chrmn will allow a Depression on their watch.
    Go watch some TV.

    • grumpyhillbilly

      You must live in the DC area. None of the above is happening here.

      • Alwaystomorrow

        I live in the Midwest and I have to tell you like Jack said above, resteraunts

        • alan

          Don’t go to the South!

          I don’t think there will likely be a total collapse. Someone will always be around to bater and so it will start again.
          However if this is complicated by another event, say a nuke going off or dog flu then all bets off.
          I think we will end up looking like Africa or Eastern Europe in ten years.

        • TrueGrit

          I think its a kind of demographic collapse. Pockets of the economy are doing well for now. The Government sector, the legal, medical, insurance triad, High tech Social media, The investment class.
          But for the 100 million unemployed blue collar working class Americans, I’m afraid the collapse is here and now

    • Guest

      It’s just the appearance of prosperity. I live in a relatively affluent area, and I see the same thing. Most of this consumption, however, is fueled by debt. When people start losing their jobs they won’t be able to keep up those appearances.

      I agree that those who run the world are very smart people. But keep in mind that they don’t have absolute control.

    • Itanimullikcuf

      You mean Las Vegas, Miami, downtown LA, San Francisco and Washington DC? Traver a bit out of the Downtown or visit Detroit, St Louis, Baltimore, Oakland, Camden, Cleveland and many more.

    • Marco

      I’m not a big doomsdayer either, but I think it would be willfully blind to think that just because you see signs of economic activity in a few areas then that means the economy is just fine. If all these people are using credit cards to pay for all the stuff you see them buy, they’re just kicking the can down the road as they accrue tons of debt that they’ll never be able to pay off. When the day comes where the banks will no longer extend credit to those people, what happens then?

  • Cal Wayback

    Jesus will come back and clean this mess up. Megyn Kelly and George Soros will be hiding in the rocks.

    • Guest

      The Bible says that the Earth will be renewed by fire.

      • DW

        At the very end, but meanwhile those two will be hiding under the rocks.

        • Jerry C

          Those “hiding under the rocks” are called Deep Underground Military Bunkers (DUMBs for short). God is not without a sense of humor.

  • uyfuf

    The economy has collapsed.

    Over 100 million Americans out of work.

    So many delusional sheeps out there who are narcissistic and show off while claiming to make six figures.

    Well guess what- the big collapse is coming. When you narcissists lose your jobs and struggle to pay the bills, I will be loving every moment of it. It will be beautiful to see you evil people suffer.

    Like the saying goes- what goes around comes back around.

    • Alwaystomorrow

      Since you are so hateful let me add fuel to the fire, I have absolutely no debt and am at an age where I can easily live without working.

      And by the way Mr. Cheerful, no “collapse”, just a slow long downward decline.

      • Jeremi Ramos

        wow…. you are blind and deluded….. so YOU are doing fine…. wonderful… you have some good luck….. the nation overall is falling to pieces regardless of how your personal finances are going….. The problem doesn’t cease to exists simply because YOU can’t see it or refuse to accept it

        • James

          really?
          companies are increasing their dividends and buying back stock like never before. This means companies have lots of cash to “waste”

          • James

            also the coupons on bonds are increasing
            just today, my county issued bonds with a maturity of 5 years coupon of 5% and they are uncallable.
            I went to the county office just to get first dibs.

          • Gay Veteran

            ROFLOL, no, companies are borrowing money in order to buy back their own stock

          • James

            Are they borrowing money to pay dividends?

          • Jill

            If they do not pay dividends, they lose money and are forced to either fold or massively contract. Is that ideal?

          • James

            What the hell are you talking about.
            Companies do not lose money if they do not pay out dividends.
            Companies can keep more of their profit that way, so they are able to invest more not less.
            The only bad thing is that they may lose shareholder confidence and might have to borrow money at a higher rate.

          • Jill

            Perhaps you missed my point. If a company does not pay dividends to investors, the investor has no reason to invest their money. If they have no investment, their growth contracts. Many companies simply cannot raise enough capitol by parking their money in a savings account at the local credit union, after all.

          • James

            There will always be investors even in companies that have cut dividends.
            New York Time, Gannet, CenturyLink. The are so many financial institutions, pension funds, and university endowmnts, one of them is stupid enough to invest in them and often one instutitional investor is enough.

          • retired22

            They are feeding on themselves playing bookkeeping games.When they run out of investor’s money they will be dead.The money coming in is not going into building the company & making it more productive & profitable,it is being siphoned off & into the pockets of select insiders!

          • Nemnor

            retired22, the main reason for the behaviour you observe is because the Capitalist system is now at a “dead end” (i.e. at a stage of general over-production).

            Most (big) businesses have difficulties expanding in a virtually and practically LIMITED market. Hence, the reason for the “feeding on themselves”, rather than invest in true expansion – which will flood the LIMITED market even more.

            Now get this – the issue with over-production is insoluble within ANY form of Capitalism (“free enterprise” or not), and the ultimate ‘destiny’ of Capitalism is a relentless decline towards total collapse/chaos and/or (world) war.

          • Nemnor

            James, what you are observing (i.e. the massive stock buy backs, like never before, rather than companies investing in true expansion – which would create real jobs), is a symptom of the now decadent Capitalist economic system.

            Capitalism is now decayed and decaying, mainly due to reaching a stage of general over-production. Over-production makes it difficult for the Capitalists to sell their goods and services for a profit. Hence, the reason for the massive share/stock buy backs, rather then invest in expansion and flood the markets even more and make it even more difficult to compete and make a profit.

            The real solution begins with dismantling Capitalism, and building a new sustainable system in which goods and services are produced and distributed to meet the genuine needs of society – as the primary end-purpose of production and distribution.

        • Alwaystomorrow

          I see it, I accept it, so what would you suggest I do next?

          • greyprepper

            You could start by being kind and supportive toward your fellow man rather than pour gas on the fire. Some people catch breaks in life, others don’t. Try lifting others up for a change!

          • Alwaystomorrow

            I would rather be kind and supportive to people who kind of deserve it Let me remind you of his statement,,,,,,,,

            “When you narcissists lose your jobs and struggle to pay the bills, I
            will be loving every moment of it. It will be beautiful to see you evil
            people suffer.”

            To me that is not a who deserves kindness.

          • greyprepper

            That response was a bit of an oxymoron. Are you going to be condescending or humble? Good grief man, you lonely or something? Just fishing for attention?

          • Jill

            How would offering meaningless platitudes in the comment section of a website help his/her fellow man?

          • greyprepper

            People come here to vent, so let ’em. No sense in kicking them while they’re down.

      • Jerry C

        Congratulations. You’re the only one in the life boat. Unfortunately, most of us are still on the Titanic and no life boats.

        • SunnyFlaSnotress

          I’m in no debt either,etc,
          I think global warming has gotten ahold of that iceberg and it may just be yucky slushees for most.

        • Alwaystomorrow

          I am not the only one.

        • Jill

          Getting completely out of most consumer and mortgage debt is not easy, Jerry, but well worth the effort if you are able. We put ourselves on a budget that reflected a lifestyle of minimum wage employment. Every spare bit of income was dedicated to paying off debt. It took five years and I have this website, in part, to thank for pushing us to do it. Debt truly is a cancer on one’s soul and well-being.

      • uyfuf

        I’m doing fine so there must not be any collapse= your logic.

        What an idiot you truly are sir….

        • Alwaystomorrow

          Thank you for telling me what you think my logic is.

      • Guest

        “Who knows himself a braggart, let him fear this, for it will come to pass that every braggart shall be found an A$$.”
        ― William Shakespeare,

        • Alwaystomorrow

          It is not in the stars to hold our destiny but in ourselves.
          —William Shakespeare

          • Guest

            Touché

      • retired22

        Sadly you don’t understand geopolitics!
        A decline will effect global politics,the whole world is not just a big financial market guided by graphs & charts! In the year 1900 there were approx. 1 1/2 billion people in the world,today it is something like 7 1/2 billion.We are running out of water & crops from arable land to feed all of these people,… a few billion starving people with no food or water will go to war with other nations to take their food & water from them! It will be like the previous centuries when national wealth was accrued through war & military conquests,the big fish killing & eating the little fish!Another issue is the fact that the industrialized world contains 100’s of millions of entitlement addicts who have no skills & no real means of earning a living!When they start rioting & looting there will be mass chaos & violence,what will the governments do?Shoot them to death by the thousands & dump them into mass graves?The bottom of the pile,the poor 3rd world nations will face mass starvation,whatever is available in resources will be taken by the more powerful nations & the 3rd world nation will be pushed to the side to die!When the world see’s billions of starving people burning,raping,looting,& murdering each other in war,Financial markets with their graphs & charts will be meaningless!

      • greyprepper

        Why on earth do you work????

    • James

      HAHA no.
      I have insured municipal bonds paying enough in coupon payments to cover my bills and taxes.
      I only earn money, so that I can buy more bonds.
      I also have stocks that have a stop order so that if they fall below a certain point, they automatically sell guaranteeing me a gain. Did I mention I have enough stock to get 15k in dividends each year?

      • mike

        James, I am sorry to say but a total economic collapse will mean that you loose everything that you cant hold in your hands. I mean it isn’t just the value of the paper but the whole system will disappear. The globalists ill put in a new economic system and you will have nothing left. cash out and get into what matters. food guns faith and relationships with those who matter.

        • Horiboyable .

          No paper assets, hard assets only. Socialism has collapsed the system. They should have listened to Ayn Rand she would have told them how it was going to end.

          • James

            Hard assets like food and water.
            Don’t worry, I have bought water rights to the Oglala aquifer, and other aquifers and have a farm.
            PS I made a huge windfall when the City of San Antonio bought water rights to the Edwards Aquifer.
            I also have a farm and commodity ETF’s that follow futures in corn, wheat, and coffee.

          • James

            I also have a Glock 17, Smith and Wesson m&p .40, Canik Tp9SA, Springfield XDS, Beretta 92FS and M9, Sig Sauer p226 and 7 AR-15’s.
            I have 30 pounds of ammo as well.
            Although I have the 7 AR-15’s as investment.
            Once some politician talks about banning assault rifles and prices go up. I get rich selling to you fools.

          • Horiboyable .

            Are you worried about how militarized the Police are getting? Here in London the mayor said they would never use water cannons to control crowds, then after the riots of 2011 he went out and brought 4 of them. Over here they keep passing terrorist laws which are really aimed at the citizens. They did the same in France after the shooting of the journalist. In France it is now illegal to write or talk about an unhealthy bank, they are trying to get their citizens to report on each other if you think your friend is not paying tax, you can not buy gold for home delivery in France. You can not pay bills in cash if they are over a certain amounts and bank cashiers are grassing customers up if they think you are suspicious. It turning into East Germany. Spain is passing similar laws but a lot worse. Something is up.

          • Lugnut Capp

            The damn Lucifer Monster is behind all this crap

          • James

            Cant do anything about it
            Just buy the stocks of the companies that make the stuff such as L-3 communications and Raytheon

          • LIZ THE SHIZ

            hey Mr. Pump and Dump keep bragging and the SEC and the IRS will be knocking on your door

          • James

            don’t worry. I buy mostly blue chip stocks and the occasional mid cap. AKA these stocks have such a high volume and analyst coverage there almost impossible to pump and dump.
            I don’t buy penny stocks or trade OTC.
            I pay all capital gains taxes as needed.
            I don’t pump and dump.

          • Michael Simpson

            How many of those can you shoot at one time? 10 guns in the hands of one guy is…well….one gun.

            Have you formed a support group for your community? Have you gotten your neighbors to do the same as you? If not, my guess is someone will brain you with a slingshot and take your ARs.

          • Marco

            LOL….Buy a Browning machinegun 50 caliber with 1000 rounds belt and put that in your balcony and dont forget the rpg :)

          • James

            Too much paperwork. :)

          • Mike

            And you will die anyway eventually just like the rest of humanity. Do you have a plan/insurance policy for that?

          • greyprepper

            Yeah? I have a large member, a great physique, and my girl is hotter than yours. Enjoy that money!

        • James

          All my stocks have stop orders.
          I bought all my bonds at discount so I have already made enough money from them.
          If the city of seattle goes into default, who cares. Seattle can cut police, fire, libraries, etc but are legally bound by the bonds. In the bonds prospectus, it even says that the bonds cant be called off in bankruptcy.

          • Karie Nolte

            Seattle is going bye bye along with every city west of I 5 corridor. It is fact they are overdue for a big one. See the expert on Shepard Smith reporating on fox.

        • Brian

          Can we all please start using “LOSE” instead of “LOOSE”? It’s driving me crazy. Thank you :)

      • Jerry C

        Damn. You have some really THICK rose-colored glasses! Do you have on ear muffs to boot?

    • Michael Simpson

      So it’s the people claiming to make 6 figures fault for the decline. It has nothing to do with people going deep into debt? You say you look forward to the collapse with glee. What sort of person does that? You do know that a rising and falling tide affects all boats. If it goes south far enough, while you are sitting in your hole eating your MREs, someone may notice and take them from you. Did you pay attention to the Arab spring?

    • Mike

      I agree that scoffers get what they deserve in the end, but the Lord says not to rejoice over the their suffering.

    • I think people who have worked consistently since (and through) the events of 2008 don’t get how bad things really are out there. There are many people who will never really understand until they are affected personally. I’m not wishing it on anyone but, until a reversal of good times hits, many will continue to think that it only happens to other people and in other places. I agree with you that the time is coming when huge numbers of people who earn very nicely will suddenly find themselves without income. We are about to witness a titlewave of auto repossessions the likes of which nobody could have ever imagined. But even that will only be the beginning…

  • Harbinger

    “The reality is that business and investment spending are the true leading indicators of the economy and the stock market. If you want to know where the stock market is headed, forget about consumer spending and retail sales figures. Look to business spending, price inflation, interest rates, and productivity gains.” Now with that said you must realize that the governments fiscal year ends September 30th. I guarantee interest rates are going up as the government try’s to come up will a sustainable budget for the next FY. Too bad they have no idea what a sustainable budget is.

  • Jim Clark

    I thought these BRIC countries were supposed to be The Next Big Thing, economic powerhouses in the making. But oil $40 a barrel-go buy a humongous gas guzzling pick up truck to drive to 7-11 for a pack of smokes.

    • BRIC were created by the ELITEs to give more HOPIUM to third world countries. They don’t have any real power but more drama and hope

  • GetReal4U2

    But just because things look like they will happen a certain way does not necessarily mean that they will. All it takes is a single “event” of some sort to change everything…
    a MAJOR “EVENT” is coming…THIS September…sadly…most don’t even care or believe…don’t claim you weren’t warned…

    • Alwaystomorrow

      GetReal4U2, can you give me a hint as to this “MAJOR EVENT” you speak of?

      How many letters?
      Bigger than a bread box?
      Is it blue?
      Come on smile, I am just joking.

      • loadnup

        Well, young fella, as far as a “hint,” all you have to do is look around and use just a tinsy-winsy bit of your imagination and, Bingo, there you have it. I don’t mean to be tooooooo critical but for the sake of your family, wake up.

        • Alwaystomorrow

          I (above mentioned “young fella”) use my imagination with my grandkids. I use my brain along with experience and common sense to govern my life and decisions.

      • A Rich Fat Cat Tap

        You company CEOs and rich fat cats are going to loose every thing fast when this happens. No more OLF no more YATS no more private AIR OINES. Nothing you are going to loose it all. THANK GOD!

        • Alwaystomorrow

          When farmers stop growing crops we will be impacted. I think that is down the road a piece.

      • TK

        hahahaha, I am smiling arter that comment!

    • Shirley

      a MAJOR “EVENT”? You mean SHEMITAH?

      • yellowpoppy

        yes that’s right!

    • Matt M

      Yes, do tell. What is this event? I can tell you unequivocally that I do care, but the jury is out on if I believe or not since I don’t even know what it is.

      • auskiwi

        14 years ago the major event that triggered a crash was 9/11. Maybe we will see an encore. War in Syria or Ukraine perhaps? Or a false flag to justify one or both of those scenarios. Worked for Dubya to kick off the Iraq war…

    • kiwibird

      You can pretty much guarantee the catalyst for a crash will be the FED raising interest rates.

  • Guest

    I am a machinist who works in a job shop in the Midwest. We make parts for Caterpillar, John Deere, CNH and other assorted companies. We are at our lowest parts on order (76,000+) since 2008. It has been steadily declining all year. Things can’t be all that great if global companies aren’t ordering replacement parts.

    • tom

      wow. layoffs?

      • Rich Fat Cat Tap

        This Olf corce is going brown fast in California. No water. Warren Buffett get on your bankrupt private airoine and crash it into A mountain side. You have sucked up enough air in this world. BNSF railroad Dairy Queen Wells Fargo Bank and all of your filthy rich corporate companies are starting to lay off people now./

        • none

          Dairy Queen is a rich corporation????
          That speaks loader than your post!

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    • James

      Good for you.
      You blue collar piece of garbage earning more than bankers is what caused this crash in the first place.
      go die

      • Daddyotis

        What??? Sarc on maybe??? If not, whatta douchebag you are to treat a random person like that whose post had nothing inflammatory to it

      • mike

        True that some have and some do not. James, from what you write in further posts – apparently you may be the white collar person attributing to the financial problems of this world. You don’t work, but you give your money to the bankers which in turn gives them more power to screw things up. shame on you.
        Your insured bonds and guaranteed dividends will fail soon enough.

        • James

          Yes, that is why I have stop orders.
          All my bonds were bought at discount so I have already made money from them.
          I really don’t care if the city and county of San Francisco, Cypress-Fairbanks Independent School District, City of Seattle, and Houston Community College go into default.

          • James

            Stop orders for stocks.
            If they fall to a certain point, they get sold ASAP.
            Guaranteed income.

          • Michael Simpson

            James, not necessarily. The market can crash so fast as so hard that you blow through your stop order.

          • The Ding Dong Thing

            Marc Dinger’s big swoopy nose is starting to bend down A little more now. The stock market is starting to crash.

          • James

            It takes less than 1/100 of second for the stop order to activate.
            2.Fidelity financial guarantee it in their contract. If hey don’t give me the money, I get to sue.

          • RomeoOscOscSierraTangoEchoRome

            Good luck with the suit….!

          • Evil_shadow

            sue who and when? If crash does happen you know well enough you can say goodbye to your money.You wont be on priority list for check out for your bonds.you are just a little fish like 99% of bond holders.

          • A Rich Fat Cat Tap

            I can’t wait for A huge stock market crash to come. The sooner the better. Get rid of money. We don';t need it. It belongs to all the rich fat cats anyway. All you billionears and CEOS and rich fat cats I hope and pray that every one of you jerks looses every dime you own.

        • James

          Investing is not that hard.
          Find a municipality that is doing well ex Boston, Seattle, San Francisco, etc and buy their bonds.
          Find blue chip stocks paying 3-5 percent dividends and buy their stock.
          Once their stock rises put in a stop order to lock in gains.
          Then try a farm, water rights.
          If you want to invest in commodities invest in a ETF.
          Buy a REIT or two and a house or two and a couple of assult rifles and now have a good portfolio.
          Keep investing with external money from job and side incomes.
          Municipal bonds, blue chip stocks, water rights in drought ridden areas, commercial farms, REITS, assult rifles for when some politican calls for banning them, and forex. Done

      • Bart

        Lmao

      • SunnyFlaSnotress

        James, I am flagging you

  • The reason so many of us are predicting a sure collapse and chaos this time and it looks more likely that it will…then you can bet your last cent that if humans start getting things right…The end is near.

    ohh no.Never..They wouldn’t ever let free humans run the show on earth.

    Common don’t you see…You are right dude…We are waking up to the con.

    This is so great. You think elites love general humans to predict things and get it right? ..No never ….We are winning finally….which means its culling time of humans.

    Please everyone speed up the process…Tell everyone about the coming collapse…Its 100% guaranteed now.

    You are winning which means destruction in on the way. Humanities history is the witness, whenever we start getting things right, even few of us, its time to destroy the civilization itself.

    Be a hero of your community by predicting this. This sure is going to happen.

  • Mike Smithy

    Zero Hedge just posted an article regarding the fact that the ChiCom’s just devalued the Yuan for the second day in a row. Although the Algo’s never sleep, I suspect that the DOW is poised for another big drop tomorrow. How exciting. I can’t wait to see the carnage after the opening bell rings tomorrow morning.

    • aldownunder

      Too right oil under $43 a barrel also
      Bring it on

      • TK

        That is cheap oil!

  • Mybal zich

    As hard as this is going to be for all of us, this needs to happen. The longer it gets pushed back, the worse it will be when everything falls.

  • David

    for many with lots of $$$ there will be no economic collapse. everything will be fine & normal. but for many the collapse is already here. how much the economy collapses just depends on how much you have stuffed under your mattress.

    • Horiboyable .

      Right now I would not like to look (rich). If there is a total break down, those who think caused it will be attacked in the street. We live here in the UK and people are turning on each other. I asked my wife to lose her accent. We had big riots over here back in 2011, back then it was just the under class. Now we have had years of bankers getting off with fraud, news paper owners and editors getting political cover and the middle class are hurting. Next time their are riots the middle class will be out there too. Gerald Celente has a saying, when people are losing and they have nothing else to lose, they lose it.

      • Wayfarer

        Interesting. I also live in the UK – but don’t get out much! Can you give examples of people turning on each other? Is it within class or neighbourhood groups – or against people seen as different to oneself?

  • G21

    I look forward to the inevitable collapse – not because of the trouble that will come with it, but because I believe it’s a sure sign of the end of this age.

    • DW

      Christians in America never have really suffered and been persecuted. I think our time is coming and God will purify His church here in the US through the coming tribulations (not THE Tribulation, but trials and hard times). This will separate the tares from the wheat. Hopefully this won’t last too long before He call us up!

      • SunnyFlaSnotress

        I’m pretty sure there’s more of a likelihood of Scotty beaming us up.

        • DW

          Scotty is dead……

          • SunnyFlaSnotress

            Exactly

          • Mike

            God has no equal.

      • Gay Veteran

        “Christians in America never have really suffered and been persecuted….”
        What? you can read posts here all the time about the “persecution” of American Christains

        • DW

          For the most part, we haved lived a pretty cushy life here in the US. My comparison is between christians in the US copared to the ones in China, Iran, Iraq, etc.

          • Gay Veteran

            don’t forget Syria where the persecution of Christians is due to the efforts of the U.S. government in trying to overthrow the Assad government

    • SunnyFlaSnotress

      I look forward to this mess being over by the end of 2017, and you all won’t have anything more to rant about.

    • Bill Brasky

      That is exactly how I feel. The old regime needs to go down first before a new and hopefully better regime can emerge.

  • Genada

    QE 4 here we come. More pushing on a string and maybe the market going up but the real economy will keep dying.

    We hear a lot about the gig economy now. Know when you use to hear about that type of work before? During the great depression. A time when people would take any work, for any amount of time.

    This is the second great depression and just like the first, they thought they had escaped it and were making progress too. Then things would happen and plunge them right back down. The only thing that ended it was World War II.

    • alan

      It will get the bankers back to work.

      • James

        fd

    • Gay Veteran

      as Gerald Celente says: currency wars, trade wars, world war

  • Time Traveler

    I too work in manufacturing, we are “dead”, no work, not good. The company I work for has been around for more than 80 years, it has never been this bad, the company president tells us all our customers, big companies, are not buying parts, and that future orders are in the gutter, worse than he has seen in 40 years at this company. We have laid off more than 75% over the last 7 years, and we are on the verge of bankruptcy…………..there is just no work out there.

    Something bad is coming, we all see it, it is all we talk about at work.

    • Alwaystomorrow

      I am truly sorry to hear that. I hope the best for you, your family and coworkers.

      • greyprepper

        Wtf?

    • rolltides

      I see it coming to I am sorry to hear about that for you and your workers. I feel it too.

    • alan

      A side issues of these kind of closures are shortages. People buy something and need a part and there are none available. Or a factory runs out of the parts your factory produces and then it shuts down and it can ripple through the economy.

    • M.Smith

      TT,
      Would you share what section of manufacturing you are in?

  • Billy Bob

    Everyting is awesome!

  • Marco

    Michael, I appreciate your articles. I think they are well written and informed. I wonder what you would think about doing something similar to the bulletin of atomic scientists and their so-called “doomsday clock” where the closer the clock shows to midnight, the theoretical closer we are to nuclear war. If you were to do something similar to this, but except the closer to midnight, the closer we are to global economic collapse, where would you set the clock today? Also where would you set it when you first started this blog?

  • Priszilla

    China has built up their oil reserves over the past ten years or so. So oil demand from china is now falling.

    In Europe people fight against mass immigration and against each other.

    Americans continue to fight each other.

    The last and second big item I bought this year was a pair of glasses. And the first was a bicycle. The rest of the income is saved to pay off the house loan.
    And we gave a few thousands to our nieces to help them through university.
    Instead of a new phone for £300 I bought a new battery for £12.
    Instead of staying in hotels and resorts during holidays we visited family and stayed with them.
    instead of bringing them big gifts we pruned their trees for better harvest.

    I guess it’s similar all over the place.

    • rolltides

      Do you think it is going to get ugly for America.

      • Mike Smithy

        Is the Pope Catholic?

        • M.Smith

          I don’t know, that’s debatable these days…

        • tom

          maybe he is not

      • alan

        Its real ugly in the South right now. The only exception is central Florida and south.

      • tom

        Definitely

      • Priszilla

        It is already ugly. How much evidence of global warming do you need? The Atlantic flooding your attic?

        There is tension building up everywhere and people have not learned to deal with tension in a non-disruptive way. They take drugs, shoot other people, kill themselves.

        The most sensible thing to do is to create harmony in your immediate surround in the hope it will spread. Engage in much less confrontation in all aspects of your life.

  • Renard Johnson

    It’s here finally. The infamous global collapse. I am celebrating this time of change. It is time for everyone else to shift into the reality of the new way of living and let go of the old system of failures. It may be frightening for some but rewarding for others such as myself. The reason being is this is an old collapse story for me. As a matter of fact I predicted this collapse in my book in 2011. I have just been waiting for that economic can to get smashed and kicked of the cliff. Now even folks with common vision and sense can see the ruins. What’s next depends on your wisdom of the meltdown. Most mass stream people are still in the dark about the historic media financial cover up. We people with the knowledge such as Michael are going to somehow need to share this vital information that he chronicles and I predicted with the next level down of people such as the people in your own neighborhood. My motto is: It’s better to break your heart than to let you be destroyed. The truth shall set them free. No Fear All Love

  • alan

    They did it again today another 1 1/2%. We watched the Won at work shoot up. My rent probably dropped $5 today. This will hurt the other exporters in this area. Anything the US exports went up 3 1/2%.
    It will be interesting to see what Mr. Yellen does.

  • XSANDIEGOCA

    Hey, what’s to worry. Obama is in charge. We have another 527 days of Fundamental Transformation, ZIRP and QE left. Then Ms. Piggy will pick up the Ball!

  • alan

    No one wants the music to stop and will do anything to keep it going. Human natural.

  • G21

    Another surprise Chinese Yuan devaluation. Russia, India and others considering devaluation as well.

    The liberal/leftist/Marxist/socialist financial policies of the Democrat Party are about to be tested like never before. Think they’ll work?

    If you’ve ever thought about buying gold/silver, this is the time. It won’t be affordable much longer.

    • G21

      Here’s the Punch Line of liberal/Keynesian economics –
      If a loaf of bread costs $50000, who cares if they print billions?
      So instead they print trillions, and the loaf of bread now costs $50000000.
      So instead they print quadrillions…

    • Gay Veteran

      you mean the fascist policies of the democrats=republicans

      • G21

        No I said exactly what I meant.

        • Gay Veteran

          we have fascism (the merger of state and corporate powers)

          • David_R59

            Fascism = national socialism.
            Don’t believe me? Look it up.

          • Gay Veteran

            “Fascism should more appropriately be called Corporatism because it is a merger of state and corporate power”
            ― Benito Mussolini

  • DW

    It will be worse than the 30’s. The whole social dynamics are a lot different. Back then many people farmed and were self-reliant and trusted in God. Not so much now…..people are haters and lovers of themselves. When the food, water and money runs dry, you will see many people at their worse—you will see the true heart of Godless man.

    • Daddyotis

      DW: spot on! I await the reset.

  • LIZ THE SHIZ

    the China bubble has been exposed and no one on CNBC can sugar coat it this time and it’s going to take the world economy down the toilet with it

  • GSOB

    Jeremiah 17:7

  • Kim

    Hi,
    I have read enough of your posts to be convinced something is coming, but I am not sure what I should be doing. What should be my priorities? Any chance you might include some basic steps we should all be taking along with your posts as we count down to the end of 2015? Thank you very very much and thank you for writing these posts!

    • kathym2

      I would like to see that too.

      • Horiboyable .

        Beers and amo

    • DW

      Body fat! :)

    • SunnyFlaSnotress

      Shack up with a farmboy with lots of shotguns and hounds who doesn’t beat on you too often.

    • RomeoOscOscSierraTangoEchoRome

      1) Shelter
      2) Water, Water, Water….Then some more Water!
      3) Food with a shelf life….(Canned is fine watch the salt content.)
      4) Pretty darn close to 3 would be firearms and ammo….(500-1000 rounds/firearm at least) to keep what you’ve accumulated.
      5) Alternative cooking and heat source
      6) A survival mindset
      .
      There’s a start

      • TK

        Good straight forward list. Not many people realize that water will not always be there when you turn on the faucet.

    • guest

      You don’t have to purchase survival food packages. If you don’t already have one get a plastic tub/bin with a snap on top at your local hardware or target. Go to your local supermarket/dollar store. You can buy canned beef, chicken, tuna, ham, etc. A 10 lb. bag of rice, or 5 2lb. bags can be less than $10. Pasta is dirt cheap. Get inexpensive containers of salt and pepper, a bottle of no brand cooking oil and a cheap bottle of ordinary vitamins. For $50 you can store enough of these items in that bin to feed 2 people for a month. A firearm is useful. A 12 or 20 gauge pump shotgun with 1 or 2 interchangeable barrels is extremely versatile for personal/home defense and hunting large and small game depending on the load.. A 22 is also versatile and ammo for it is relatively cheap and light and can also be used in a 22 handgun if you obtain one. Learn how to use them and practice at least a few times a year. It’s actually fun, especially .shooting clay pigeons. If your totally unfamiliar with firearms the NRA offers beginner classes for rifle, shotgun and revolver. Learn any skills you would enjoy and find useful. Small engine repair, sewing, canning, etc. Did you know that lots of Home Depot and Lowes stores offer free seminars on everything from laying tile to hanging a door. Cancel your cable, quit watching sports and play a few. Learn how to hunt, fish, garden and what plants are edible and medicinal. If you have internet and you probably do if your on this site take a good look at you tube. There are videos showing how to do everything from how to tear down your lawnmower engine to how to use a sewing machine to how to skin a catfish. The Boy Scouts motto is ” be prepared. That is a mind set that applies whether you live in the Rocky Mountains, a Florida swamp or New York City.

  • James

    Retail sales are important as consumer consumption makes up 75% of the economy.
    Cars-
    People are willing to spend money, banks are willing to lend.
    Haha no, bankers and fed are able to play around with interest rates dummy

    • TrueGrit

      So… if 25% of the economy. every penny is paid to those consumers and they spend it all on consumption how does it add up and somehow equal sustainability? It seems like there is 50% missing. Unless you are counting the same dollar as it travels hand to hand. In that case our economy is just a big manipulated lie.
      how many parasitical “jobs” can you think of?

  • Horiboyable .

    Historically when there is a massive economical event, war normally follows.

  • SunnyFlaSnotress

    No, it won’t be worse. You all will be bored to tears in about 2 years.

    • Marco

      so Sunny you really believe that nothing is going to happen? the great depression gave birth to word war 2…if hitler has in is possession a lot of nukes…i believe that he had turned the world on fire….i live in a farm in the contryside..i have water and a lot of food beacuse i like to produce what i eat….even so i m gonna stick around the farm and buy a lot of amunittion for my shotgun and winchester rifle just for precaution….the only thing i need is to produce my own eletrecity…the more we depend on the outside world the more vulnerable we are….But i hope you are right

      • SunnyFlaSnotress

        I’m not saying nothing.. just not the 30s scenario. I’m about equally afraid of bird flu, which isn’t to say I’m not worried about bird flu.
        In these days, I would expect pockets of violence/despair vs natioanal despair.
        Trying solar is good.

  • nocomment

    My 2 cents that’s only worth a penny now (thanks China!)….

    1. Get out of debt! ESPECIALLY the car note and credit cards- get a reliable “hoopty” to get to work and liability insurance only- pay cash for everything else.
    2. Mortgage- I understand if you are stuck. Take in a renter? I know you have a family member or friend who needs a place to stay try them first! Sell and move somewhere cheaper if you can?
    3. Emergency fund- at least 6 months CASH ON HAND NOT IN A BANK
    4. Non-perishable food and drinking water (and koolaid/lemonade/ice tea powder mix so your kids wont get bored of it)
    5. Guns and ammo- or at least a crossbow, sword, flamethrower, baseball bat, SOMETHING to defend yourself and family!
    6. Learn a TRADE or home skill (gardening, home repair, auto repair). You can use that skill to barter for food in case money is worthless….

    • Horiboyable .

      Three G’s
      Guns
      Gold
      Getaway plan

      • nocomment

        Headed for the hills myself 😉 Thanks for the reminder!

    • David_R59

      I would add: get out of, and away from, any big city.

  • Antonio Ossa

    AROUND AND AROUND IT GOES, WHERE IT STOPS NOBODY KNOWS!

  • guest

    Analysts have said that the Saudis have boosted production and lowered the price to preserve market share and destroy the fracking industry. The Saudi oil minister has said the price reductions are permanent. I wouldn’t be surprised if some western intelligence agencies are already hard at work “arranging” some sort of attack on oil production and storage facilities in the Middle East. They’ll blame it on Assad or ISIS or Al Queda or Putin or Edward Snowden or somebody. They’ll probably post “selfie” video of ISIS “fighters” standing in front of a burning oil well triumphantly holding up their AR-15’s or AK-47’s that they got from Benghazi or Fast and Furious or wherever. Amidst the resultant economic chaos westerners will foam at the mouth with glee when the drones are unleashed against…well…against whomever. Then they will meekly bend over when the same chaos provides an excuse to crush their own civil liberties.. All sports events however will go on as planned.

    • David_R59

      I get the distinct impression that you don’t believe everything the Obama administration says.
      You could be a potential terrorist (according to the FBI).

  • Jonathan Pompies

    Here’s some examples of how bad it’s going to get:

    A while ago a guy showed me an invoice for a battery for a pic-up truck that he bought in Zimbabwe. The invoice was for about Z$164,000. He had bought the pick-up truck about six months prior for roughly the same amount…

    An Indian family who also live in Zimbabwe at one stage liquidated all their investments and bought steel which they stashed in a warehouse. Every now and then, when they needed food, they would sell some of the steel and buy food immediately on the same morning before the prices go up in the afternoons…

    Put you money in tangible assets now…

  • Mondobeyondo

    Let’s see how that canary is doing down at the coal mine…
    Uh oh, he’s dead. That’s not a good sign.

  • Mondobeyondo

    Haven’t checked the Baltic Dry Index lately… should be interesting to see how many ships loaded with cheap Chinese crud are headed to the U.S. The crashing Chinese stock market will add an interesting variable to the whole equation. If I were in the stock market, I’d be buying stock in Top Ramen, Nissin and Maruchan. Just sayin’…

  • JAY

    the ultimate economic indicator is not auto sales, housing, oil consumption, etc. it is pro sports attendance. when nfl, nba starts seeing decline in attendance, we know we are in economic trouble

  • Mike

    Well, enjoy it while you can James.
    You cannot serve both God and money. “No one can serve two masters. For you will hate one and love the other; you will be devoted to one and despise the other.

  • Wapitiman

    Every month the so-called ‘Fed’ puts out rosy unemployment numbers and then, two weeks later, they are mysteriously and quietly revised downward. Month after month we are lied to. We are not in a ‘Great Recession’! We are in a depression! It was reported last week that more business are ‘dying’ each year than are being ‘born’. In other words, our business base continues to shrink. Our manufacturing base is down to 25% of what it was after WWII.
    Look around. The strip malls here are more than 50% vacant.
    Who is there to turn this ship around? The only one I see that has a handle on things is the hated, outspoken, irascible, Donald Trump!

    • David_R59

      I have to admit that you’re correct. The US needs a business-man who understands what the country needs to get it moving again.
      It doesn’t need another lawyer surrounded by a bunch of university whiz-kids that have never had a real job in their useless lives.

      • DB200

        In principle, every life is usefull. Only a life lived without Jesus is a life wasted. This can only be determined after a person has died. Before that, every life is usefull.

  • Lugnut Capp

    Union Pacific Railroad is starting to lay off employees now. The Coal and oil industry is slowing down fast. So is intermodal traffic as well.

    • DB200

      HTC also. Wasn’t hi-tech booming business?

  • James

    5% on an almost guaranteed investment?
    Show me where I can get better returns in 5 years with that the security of a municipality backing it.

    • RomeoOscOscSierraTangoEchoRome

      Why James your a regular paper tycoon….! Better watch out for matches

    • LIZ THE SHIZ

      what boiler room do you work out of?

      • James

        none.
        Municipalities have taxing authority which makes municipal bonds safe but I do realize that sometimes that municipalities go bankrupt such as Detroit and Stockton.

  • TripWire

    But Obama said everything is Okay!

    Ooops, forgot to plug in the opposite factor. The opposite factor being reverse anything a Kenyan Squatter Lame Duck President in love with himself and the Banking Cartel should happen to say.

  • David_R59

    It recently occurred to me that as we are made in God’s image and we have a sense of humour, then logically we must assume that God also has a sense of humour.
    Think about this. This is a Shemitah year but next year is a Jubilee year.
    Perhaps God is playing a joke here, the real crash will not be at the end of the Shemitah (13 Sept 2015) but will be at the end of the Jubilee Year.
    George Soros has already sold much of his investments and has gone to a large amount of cash. Could he be fooled into reinvesting his money when the expected crash next month doesn’t happen? But will get caught next year, fully invested. We’ll just have to wait and see.
    We live in interesting times!

    • DB200

      David_R59, what you say is true. God has a sense of humour. You can find it in the Bible. I’ll give you a few examples:
      – King Nebuchadnezzar walking on hands and feet and eating grass for 7 years.
      – The Chariot of King Ahab cleaned from his blood in the river at the same place where the whores clean themselves.

  • OK777

    Hi there,

    A few weeks ago I woke up with a terrible feeling that something life changing would take place on American soil next month. As I began to voice my concerns, I quickly realized people think I’m losing my mind to think such a thing, including my husband. *Sigh*

    I have some serious questions/concerns I need help with please? I currently work for our lovely government & wondered how an economic collapse would affect those who work in providing benefits/GI Bill? If our economy collapses, would the GI bill benefits come to a screeching halt? What would happen to our retirement/401K’s? Should I cash in & be penalized before I lose everything & start stock piling?

    Everyday I wake up & wish this was all a bad dream? I work with former vets who seem worried & know something bad is going on behind the scenes. And can someone please educate me on this whole Jade Helm 15 & why are they putting a lot of focus on the great state of Texas?

    What are some other things I need to be paying attention to since I’m a very concerned wife & mother of two & want to protect my family?

  • greyprepper

    Yeah? My dork is bigger than yours. 😛

    • James

      Well I have stock in Pfizer that makes erectile disfunction medicine.

      • greyprepper

        Touche lol. Somebody with a disqus account please up vote that retort.

  • Alwaystomorrow

    Congratulations!! And I mean it!!

    When someone is aggressive and hustles and has something to show for it I say congratulations.

    I don’t look at it as bragging as most here do, I look at it as you telling me your accomplishments, your resume if you will.

    Most people create their own “economic collapse” early in life, then when it catches up with them they are a victim of a bad economy.

  • truthteller13

    I think most reasonably informed and intelligent people understand that, as with any big, inevitable, ‘event’, there are those who wish to position themselves to profit from it, and those behind it – willfully or unwillfully – who don’t want to be held accountable. The next conclusion one arrives at is that they need to shape and steer it in some way. So, I think we can expect a false flag or two as clumsy distractions.

    I don’t think anybody high up really believes this is ideal – with so many people being informed – but they have crossed the rubicon, which is sort of dangerous. They now have to double-down or face Nuremberg-style hearings and lose their power (and admit to themselves they’re sociopathic, luciferian, child-molesting, loons).

    Evil, powerful, people never go down like that. They’re always Tony Montana, or Hitler. I think they were surprised by the Snowden revelations, which helped the snowball of people waking up. I think they were surprised by dynamic social media, and this whole citizen-journalism, underground news network ‘viral’ thing.

    And I think they’ve been surprised at how Obama has served to – ironically – help wake people up, with drone strikes, the NDAA, and alienating even a lot of democrats.

    It won’t end with Hunger Games; but it won’t be a renaissance right away, either. Often tyranny (Reign of Terror) emerges from violent collapse of nations.

    All I can say is, elites, corporations, banks, the politicians they own, the MI-Complex, must all have bungholes tighter than a snare drum right now. What I could never figure out was how they got to the intelligence apparatus. I mean, I know about Dulles and Bush and Bilderberg and CFR. But why would the CIA perpetrate killing JFK, or letting the 9/11 hijacker patsies in? Is it all Skull and Bones crap?

    It just seems incredible to me that anybody in the CIA would collapse the country to please pedophile elites like the Rothschilds. I don’t get that. Oh well, America, it was a good run.

    Hopefully next time we’ll learn to stick to the Bill of Rights and rule of law, keep our border open, not create a welfare/warfare state, and write different campaign finance laws. Next time we’ll listen to the Eisenhower of the future, who warned us about big money and defense. Next time, the future Jack Kennedy REALLY WILL smash the CIA into pieces, before they, with Guy ‘Mac’ Wallace and his boss, LBJ, blow his head to pieces.

  • SunnyFlaSnotress

    Cutting the cord on cable tv is a great idea.
    One of the best ways is to get a streaming tv device like Roku stick/box.. you won’t even need a computer to stream that way. You could also cheap out like me and run a vga/monitor or hdmi cord from your computer to your tv to stream internet tv like Hulu or Netflix (though a computer uses more electricity than a streaming device)
    I’m not big on storing food, but that’s because I tend to move around.
    I bought a 9mm.. about the minimal to put a good whack into something/someone even at a fair distance, and surprisingly little kickback (vs shotgun)

  • andrew John

    Nothing new here nor is this engineered collapse a coincidence. It’s just harvesting time and that’s all. The rich i.e. the criminals get richer and the poor get poorer. But as this slipping and slidding into destitude continues soon the whole picture will be revealed and the souls will wake up and demand our rightful pound of flesh. May take a little longer but this is a perpetual criminal enterprise meaning the economy, We are chattel and our debt is the bankers profit and our tax burden is government’s cocaine high. There is just no end in sight to this RICO crime until Romans 13:1-7 is gloriously and righteously applied. We have been used as a bond slave is this is grossly unlawful. Just wait!!! Mark my words.

    Forget Nibiru, forget WW3, Forget any world wide disaster; Lord Jesus said ” Only the Father knows.” And He meant it!!!

  • Toddster

    according the blood moon prophecy , the dow will crash and burn on SEP 14th on a monday , tanking with a loss of some 1,200 points before noon with no rebound by the close, oil will gorge to over 160 per barrel on rampant fear of the coming world financial collapse all due to bill clintons wife and her ”silly pipe dream” of even getting the nomination, let alone anything beyond.

  • WK

    Bear market and a stock depression and you think you are right? No, a broken clock is right twice a day and so are you. Yes, the indicators are irrational and if someone is in the market now, they are at their own peril. I’ve tired of the capitalist model of manipulation by the wealthy. I’ll take what left I can get from it and move on. The USA has become a sorry excuse of a banana republic.

  • serious

    The economic collapse is the least of my concerns. I’m more concerned about a natural cataclysmic event such as mega quake, or major volcanic eruption. The rest of the Ring of Fire is very active and we are now seeing minor events on Mt. Rainier. I checked it out on USGS FB page. The USA is not immune from a major event. We are seriously, perilous times.

  • Rajiv Ramdass

    Check out the Mystery of the Shemitah by Jonathan Cahn .He explains a biblical Mystery that has been shown to be linked to a seven year cycle as was given to Moses in the old testament over 3000 years ago by God Jesus.This seven year cycle is shown to affect the economy either in a good or bad way depending on if the people served and obeyed God Jesus or rebelled against him.For example every 7 years there has been a fall1994,2001,2008,and so on all separated by 7 years liked to sins and hard heartedness towards Jesus.

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