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18 Signs That Global Financial Markets Are Entering A Horrifying Death Spiral

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The spiral staircase at the Lighthouse in Mitchell Lane, Glasgow - Photo by George GastinYou can see it coming, can’t you?  The yield on 10 year U.S. Treasuries is skyrocketing, the S&P 500 has been down for 9 of the last 11 trading days and troubling economic news is pouring in from all over the planet.  The much anticipated “financial correction” is rapidly approaching, and investors are starting to race for the exits.  We have not seen so many financial trouble signs all come together at one time like this since just prior to the last major financial crisis.  It is almost as if a “perfect storm” is brewing, and a lot of the “smart money” has already gotten out of stocks and bonds.  Could it be possible that we are heading toward another nightmarish financial crisis?  Could we see a repeat of 2008 or potentially even something worse?  Of course a lot of people believe that we will never see another major financial crisis like we experienced in 2008 ever again.  A lot of people think that this type of “doom and gloom” talk is foolish.  It is those kinds of people that did not see the last financial crash coming and that are choosing not to prepare for the next one even though the warning signs are exceedingly clear.  Let us hope for the best, but let us also prepare for the worst, and right now things do not look good at all.  The following are 18 signs that global financial markets are entering a horrifying death spiral…

#1 The yield on 10 year U.S. Treasuries has risen for 5 of the past 6 days, and it briefly touched the 2.90% level on Monday.

#2 Rapidly rising interest rates are spooking investors and causing them to pull money out of bonds at a very rapid pace

Investors have yanked nearly $20 billion from bond mutual funds and exchange traded funds so far in August. That’s the fourth highest pullback ever, according to TrimTabs data. In June, investors took out $69.1 billion — the highest on record.

#3 The sell-off of U.S. Treasuries is being led by foreigners.  In particular, China and Japan have been particularly aggressive in selling off bonds…

China and Japan led an exodus from U.S. Treasuries in June after the first signals the U.S. central bank was preparing to wind back its stimulus, with data showing they accounted for almost all of a record $40.8 billion of net foreign selling of Treasuries.

The sales were part of $66.9 billion of net sales by foreigners of long-term U.S. securities in June, a fifth straight month of outflows and the largest since August 2007, U.S. Treasury Department data showed on Thursday.

China, the largest foreign creditor, reduced its Treasury holdings to $1.2758 trillion, and Japan trimmed its holdings for a third straight month to $1.0834 trillion. Combined, they accounted for about $40 billion in net Treasury outflows.

#4 Thanks to rapidly rising bond yields, some of the largest exchange-traded bond funds are getting absolutely hammered right now

• The $18 billion iShares iBoxx $ Investment Grade Corporate Bond fund (ticker: LQD) has fallen 7.94% since May 2, according to S&P Capital IQ. That’s including reinvested interest from the fund’s bond holdings.

• The 3.7 billion iShares Barclays 20+ Year Treasury Bond (TLT) has plunged 15.9% the same period. Longer-term bonds typically get hit harder when rates rise than shorter-term bonds. For example, the iShares Barclays 3-7 Year Treasury Bond fund (IEI) has fallen 3.2% since May 2.

• PowerShares Emerging Markets Sovereign Debt (PCY), which invests in government bonds issued in developing countries, has fallen 12.7%. The fund has $1.8 billion in assets.

#5 In recent weeks we have witnessed the largest cluster of Hindenburg Omens that we have seen since prior to the last financial crisis.

#6 George Soros has bet a tremendous amount of money that the S&P 500 is going to be heading down.

#7 At this point, the S&P 500 has fallen for 9 out of the last 11 trading days.

#8 Margin debt has spiked to extremely dangerous levels.  This is a pattern that we also saw just before the last financial crash and just before the dotcom bubble burst…

The exuberant mood comes as margin debt on Wall Street hovers near $377bn, just below its all-time high and well above peaks before the dotcom crash and the Lehman crisis.

“Investors have rarely been more levered than today,” said Deutsche Bank, warning that the spike in margin debt is a “red flag” and should be watched closely.

#9 The growth rate of new commercial bank loans and leases is now the slowest that it has been since the end of the last financial crisis.

#10 According to a shocking new report, Fannie Mae and Freddie Mac are masking “billions of dollars” in losses.  Will they need to be bailed out again just like they were during the last financial crisis?

#11 Wal-Mart reported very disappointing sales numbers for the second quarter.  Sales at stores open at least a year were down 0.3%.  This is a continuation of a trend that has been building for years.

#12 U.S. consumer bankruptcies just experienced their largest quarterly increase in three years.

#13 The velocity of money in the United States has hit another stunning new low.

#14 The massive civil unrest in Egypt threatens to disrupt the steady flow of oil out of the Middle East…

After last week’s bloody crackdown by the Egyptian army, fears of a disruption of oil supplies to the West have boosted the oil price. Brent crude prices were propelled to a four-month high of $111.23 on Thursday. If the turmoil gets worse – or unrest spreads to other countries – the risk premium currently factored into the price of crude is likely to increase further.

#15 European stocks just experienced their biggest decline in six weeks.

#16 The Japanese national debt recently crossed the quadrillion yen mark, and many are expecting the Japanese financial system to start melting down at any time.

#17 In Indonesia, the stock market is “cratering“.

#18 In India, the yield on their 10 year government bonds has skyrocketed from 7.1 percent in May to 9.25 percent now.

As the coming months unfold, keep a close eye on the “too big to fail” banks both in Europe and in the United States.  When the next great financial crisis strikes, they will play a starring role once again.  They have been incredibly reckless, and as James Rickards told Greg Hunter during an interview the other day, we are in much worse shape to deal with a major banking crisis than we were back in 2008…

What’s going to cause the next crisis?  Rickards says, “The problem in 2008 was too-big-to-fail banks.  Well, those banks are now bigger.  Their derivative books are bigger.  In other words, everything that was wrong in 2008 is worse today.” Rickards goes on to warn, “The last time, in 2008 when the crisis started, the Fed’s balance sheet was $800 billion.  Today, the Fed’s balance sheet is $3.3 trillion and increasing at $1 trillion a year.”  Rickards contends, “You’re going to have a banking crisis worse than the last one because the banking system is bigger without the resources because the Fed is tapped out.”  As far as the Fed ending the money printing, Rickards predicts, “My view is they won’t.  The economy is fundamentally weak.  We have 50 million on food stamps, 24 million unemployed and 11 million on disability, and all these numbers are going up.”

We never even came close to recovering from the last financial crisis and the last recession.

Now the next major wave of the economic collapse is coming up quickly.

I hope that you are taking this time to prepare for the approaching storm, because it is going to be very painful.

  • markthetruth

    #19 Obama family gets a new dog .

    the end…

    • kathy k

      Hey Mark cute comment lol

      • markthetruth

        thanks Alot K K

        the end…

    • lillypad

      Alex jones on youtube reported on that dog; the obama’s left for vacation without him so they sent for him in his own jet….
      No wonder the economy looks like this

  • K

    What is left to say? The train that is called disaster, is approaching at break neck speed. Sadly the majority of the people mistake it for the light at the end of the tunnel. Yeah, that is not going to work out good.

    • Mick McNulty

      That’s how I see it. The economy is a runaway train about to go over the edge of a cliff while all austerity does is throw poor people off the train before it gets there. It does nothing to stop the train and that’s why their measures will fail.

  • Wizard of Aus

    I am not looking forward to what is coming. Dangerous times ahead.

    • markthetruth

      If your read the articles you will find that if you been preparing or are prepared you can used this opportunity to get ahead.

      the end…

      • Wizard of Aus

        Yes, I have been preparing. The people I speak to however have no idea of what is coming. This is what scares me.

        • MeMadMax

          The majority of the population have “wolf pack mentality” I.E. There’s a “pack leader” and the others go along with the leader because they believe that his decisions are for “the good of the pack”… But what if the leader(s) don’t know what they are doing and are actually leading the pack to doom? Survivors become the new leaders, and the cycle of life is cleared out and reborn…. This has to happen, nature will find a way.

          • Marquee

            More like lemmings than wolves —- lemmings follow the leader right off the edge of a cliff and fall to their deaths on the rocks.

          • cherylmeril

            But that old lemmings story is a myth perpetrated by a Disney documentary in the 1960’s. The lemmings don’t do that.

          • MeMadMax

            No, no, wolves. Look at us… we kill each over a stupid sale named black thursday… A pair of shoes signed by one dude… A video game… A cheap TV… drugs… Some are like lemmings yes, but most act like rabid wolves when it comes to material possessions…

          • Basil_Bullion

            Um…wolves are loving, family-oriented creatures. The wolf you mention is the exception and rare. Please help save them instead of using them in such a negative way.
            Thank you.

        • ProclaimingGodsTruth

          I agree but one thing to keep in mind is the chaos that results from a major economic crash will be astounding. Gangs will develop quickly and people who have prepared will have their preparations taken from them. Evil will advance but will not win.
          Keep your faith strong in Christ – that will be the valued thing in the fierce times ahead.

          • Hank Kingsley

            This ‘god’ is an invention of the elites to keep the masses dumb, scared
            and content (with little, while the elits loot the place). Looks like the elites have you fooled.

        • markthetruth

          Everyone should Read the story of….. ” Ernest Shackleton ”
          A true survivalist and Leader!!!

          the end…

    • ThinkingCanadian

      it’s already dangerous….more young men are joining gangs, and more gangs are doing more crime…all because the older generations and baby boomers in the union sector are thinking about themselves and failing to see that the politicians are older generations and baby boomers themselves who don’t give a squat about the future of the country.

      • Ralfine

        Yes, blame the unions.

        • Gay Veteran

          popular among corporate boot lickers

          • Walt Lonsdale

            You mean the same ones the unions work with?

          • Gay Veteran

            who else would unions work with?

    • MeMadMax

      FINALLY: Bond yields are making news, but only one place seems to be mentioning it, and its Fox of course >_>

  • uh-huh

    I know that nothing Wall Street now does is considered illegal; however, if I had the option, allowing somebody or an entity to bet on the stock market crashing would be the first thing to go out o the window.

  • SonOfTheRevolution

    A world war will keep us in the game. World wars always do, be they by proxy or head to head.

    • Syrin

      No, a world war will allow them to distract the sheeple from those causing the problems and to continue with the status quo. Besides, we’ve never been on the precipice of tyranny when we went to war before. We are now, and they would use it as a reason to take total control of every aspect of society. We’ll be become a tyrannical martial law nation state over night if there is a world war.

    • Joe Black

      Already blew our wad on wars in Iraq and Afghanistan.

  • Mudpie

    The big banks are so vile these days. Not capitalist. But rather socialists. The bailout of these grotesque species of fraudulent human beings is what made me see the GOP for what it is (if a tad less noxious than the Democratic Party). May God let them fail next time. Please God. Let there be justice. Let them fail.

    • iceman

      Sadly, the low level bank employees that struggle to buy the basics on a 12hr pay, are always the first out the door, never the big wigs!

      • ThinkingCanadian

        And CEOs of banks make millions of dollars a month for their job.

        • iceman

          Yep! I worked for WF. The top people never offered to take a pay cut or freeze.

          • squashpants

            What’s good for the goose is not good for the gander. If you always expect people to act in their own self-interests, you will never be disappointed.

          • Guest

            Yes. It’s a sad commentary on human nature.

      • El Pollo de Oro

        Iceman: And at the too-big-to-fail banks, the CEO’s bonuses and big salaries have included taxpayer dollars. It’s an absolute disgrace. And as Gerald Celente often says, there is a word for that combination of government corruption and corporate corruption: fascism.

        • iceman

          Yes! Let me tell you through personal experience that the banks knew the housing bubble was going to pop long before it did. I processed many mortgages for people that I would not have loaned a pencil to but the bank didn`t care because they would sell the loan to someone else and get rid of the hot potato before they got burned!

        • iceman

          I also saw today that WF is cutting another 2300 mortgage processing jobs!

  • rat28

    Don’t panic..Jackson Hole meeting is coming soon..Markets will be turning up..Best time to buy when there is a deluge of negative news!!

    • Matt

      Okay rat28, you first.

  • Bill

    Great article Michael. This should be a daily update now that the fuse is burning. My 2 cents: (1). My son and others were laid off last week from a small aircraft engine rebuilding shop for lack of business. (2). One of my upside down mgt banks refuses to give up on me in spite of 12 months of no payments.

    • Bill

      No action, after 12 months of no payments, means to me every foreclosure on the books brings 10 times more pressure on their derivatives. Banks are so close to the edge they can’t “afford” any more foreclosures!!

      • ThinkingCanadian

        The banks keep on nickel and dimeing me on their fees. I have no mortgage but only a $5,000 credit card limit which managed not to reach the limit.

      • Marquee

        I have friends that went almost 2 1/2 years before their bank finally forclosed and they had to get out. The banks are seriously dragging their feet to cover up the huge losses. Meanwhile, every home I am selling (Realtor) is a foreclosure. There is almost nothing else on the market.

        • MomOf3Boys

          2.5 yrs without having to pay OR get kicked out? No wonder so many people are bums these days. Dang, if I’m more than 30 days late on my mortgage they start sending me certified mail! LOL…

  • Gregge K Johnson

    The compcontroler at the Federal Reserve and Europe Central bank are deleting more ZEROS ,than stars in the sky! All day and night .

  • Syrin

    Interest rates hit 2.9% today ?!?! WOW !!

  • ThinkingCanadian

    DEBT, DEBT, DEBT…..Send your kids to college and hope they will get a middle class lifestyle after graduation. Stewpid union teachers. They probably depend on students who are spending more time in school to suffice their salary, and less students in the labour force means less competition for the baby boomers.
    I have no sympathy for baby boomers who lived their entire lives in a middle to upper income class lifestyle and their children and children children’s were lucky to live or inherit their homes.

    The baby boomers and older generations are making the same mistakes and passing them onto us—by telling us to go into DEBT to get a well-paying job.

    They never told us we could be future businessmen/businesswomen or leaders, but obedient indentured laborers who grew up on the corporate formula:


    This doesn’t work anymore since graduating with a degree guarantees no job above minimum wage.

    How can we be free from the corporate chains of indentured servitute? How can we be free when someone could pay a house in full, but it gets seized by the state if taxes are default….how can we be free when urban planners are pushing us to live in shoeboxes and paying Condominium fees, which is another form of rent?

    We need to be FREE from the shackles. The system turned against us and we, the people, are ending up the sacrificial lambs and are left to SUFFER.

    The economic collapse WILL NEVER affect the corporate class, the government class or the public sector rulers and unions.

    • MomOf3Boys

      I don’t think you should include the part about having no mortgage but losing a house for not paying taxes. Even Jesus said give to Caesar that which is Caesar’s (taxes). If you’re smart enough to pay off your mortgage or buy a house cash…then you should be smart enough to pay the annual taxes too.

  • jrex918

    hmmmm judging by the looks of the things, we are headed for another economic crisis by the end of 2013 or 2014 orrrrr a little bit into 2015

  • Richard

    Another fine article, Michael. Keep this up.

  • Mondobeyondo

    As Greg Hunter says in the article, “The problem in 2008 was too-big-to-fail banks. Well, those banks are now bigger. Their derivative books are bigger. In other words, everything that was wrong in 2008 is worse today.”

    Next time around, the too-big-to fail banks ARE going to fail. 2008 took care of Lehman, Bear Stearns, Merrill Lynch, and AIG came very, very close to the abyss. What’s gonna happen when Bank of America, Chase, Wells Fargo, Morgan Stanley, AIG, and others bite the dust? Will Washington even have enough money to bail any of them out? Well, it’ll HAVE to. We can not afford our entire banking system to melt down like Chernobyl.

    This does not look good, and it’s getting worse with each passing day.

    • El Pollo de Oro

      Mondobeyondo: I remember when Michael Moore, in 2009, said that those too-big-to-fail banks should have been broken up into a bunch of small banks. In other words, turn Bank of America into 20 or 25 small banks. Instead, the too-big-to-fails were allowed to grow even bigger and gobble up small banks. There has been a lot of that here in Pennsylvania, where you have Wells Fargo and BOA customers who didn’t start out as Wells Fargo or BOA customers but became customers after about six or seven mergers.

      So in other words, the too-big-to-fails had malignant brain tumors in 2008, but tumors are much larger in 2013.

      • Gay Veteran

        fascism = merger of state and corporate power

        • El Pollo de Oro

          “Il fascismo dovrebbe più appropriatamente chiamarsi
          corporativismo perch’è una fusione tra stato e corporativo.” —Benito
          Mussolini, a.k.a. Il Duce

          Translation: fascism should most appropriately be called corporatism because it is a fusion of state and corporate power.

  • seth datta

    India’s rupee has gone down in value and gold has become more important there. Recently, there was a power cut to 600 million of the 1.2 billion people. Things are not so rosy there as is made to be by the MSM.

  • JailBanksters

    Now your talkin’, bring on the Death Spiral, but I think the Spiral of Death sounds more terminal and final.
    As long as you have no Mortgage, no Credit Cards and a demeaning Job then bring on the Spiral of Death. Unfortunately those with the demeaning jobs tend to have more credit cards , the most debt and the most to lose.

    • squashpants

      I think accumulated debts is one of the things we will least have to worry about when the SHTF. Money will become worthless, the credit card companies will go out of business (they won’t be able to compensate their employees, and no one will have any money to pay their bills with).


      • JailBanksters

        You’re not going to wake up one morning and find all your money worthless. It’s going to be death by a thousand debts, as slow as watching paint dry. And every country also wants to go bankrupt at the same rate, so they can compete on the same level. To Prepare, people should get rid their debts and start growing their own Taters, Carots, Tomatoes because you won’t be able to afford to buy them.

        • squashpants

          If that’s the case, I’m good to go.

  • Matt

    It’s not that I don’t believe you, but I’m getting burnt out waiting. I won’t be surprised if it happens, and I won’t be surprised if it doesn’t.

    • Tim

      I think many are surprised that we’ve gone this long without another major downturn. I am. But you can be sure that it’s coming. The uncertainty as to when is the hardest thing about all this.

    • Jodi

      I have to say I sometimes feel this way too but I think the spiral will come soon. Don’t get tired, Don’t give up on being prepared.

      • Jodi

        Watch the Middle East. If that Suez Canal get disrupted we will be in for high gas prices & sink us into a depression.

  • doodaa

    I told my wife to go buy another 50 ounce of silver this morning.

  • Ralfine

    You just got a new TV Station:
    Al Jazeera America

    • guest1

      My 97W satellite Al Jaz English channel just disappeared, How can I get it back?

      • Ralfine

        check their internet site?

  • David Fuhriman

    I hate to see any collapse but maybe that would be the best thing that could happen to the USA. A collapse would help Americans stop being so wasteful. Americans waste so much food and resources. Americans waste so much time on reality TV shows and extreme sports. A collapse would hopefully humble America and make them more neighborly. Of course it could do the opposite and make people very angry which could be taken out on other people. A collapse could make Americans return to the good old values of helping one another. I’m afraid that negative events will follow a collapse because the youth of today have been raised on violent movies and video games. Ah, the results of freedom. I’m not saying freedom is bad but you get the drift.

    • Thud

      I think that you would find both.
      The “makers” will most likely become more helpful and productive because that is what they are already. They understand that we are all in this together and that it works best with everyone pitching in.
      The “takers” will become more negative because no one is “helping” them and they are actually looking at a future where they can no longer sit on the couch and mooch off of other people. I expect the urban areas and cities to become pretty horrible places to live for a couple of years until they all pretty much move out or eat themselves (i.e. see Detroit).

      • MomOf3Boys

        until they all eat themselves… LOL
        (agreeing, but laughing at your choice of words) heehee

    • edrobar2978

      Not only Americans, but the entire western world is wasting food, water and all kind of resources, the financial constrain wouldn’t be the worse of our problems…

  • A D

    The problem is man has rejected Jesus and turned its back on God. The protection that America had is gone, now you can see the end result of unrepentant people. The world is fallen, man is sinful by nature and by his own will leads to disaster.

    • Captain Ron

      Not to piss on religion, but what does it say about a species that must intrust it’s humanity to an unseen deity… I don’t find the need to worship an “all seeing god” to be a productive, caring, compassionate human being… Those that do… scare the hell out of me. Religion is one of the main reasons the world is in the predicament it’s in.

      • cherylmeril

        You’re in spiritual danger as a blind man. If you think religious people scare you, wait til you see what awaits you in eternal hell. Jesus Christ is living, is the Messiah and you’d be an utter fool not to read the Word of God and seek Him out in these end times. We are all fallen and sinful until we turn to God for forgiveness and accept His son for our salvation. You’d have to be utterly insane not to accept such a gift to return to God to be with Him forever.

        • Nikolaus


        • old fart

          HOLY SMOKE!!!!!

        • Gay Veteran

          you believe in god because you fear death

          • Guest

            Yes, she fears death–the second death, which is eternal separation from God. You obviously don’t fear that death or you wouldn’t proudly display that you’re homosexual. Not that I care that you’re queer as you’re the one who will be judged for it. I know you don’t believe that, but you will soon. And you’ll remember the warnings that you received here.

          • Gay Veteran

            wow, used the “q” word, bet you use the “n” word too.
            Religion exists for 2 reasons:
            (1) man fears death
            (2) as a means of social control (obey the king or you’ll go to hell)

          • Louise in MO

            You really are lost in a quarmire that is slowly but surely sucking you down.

            I can assure you that your attempt to mock people of faith has no impact on people of faith.

            And, while you live in the belief of a world free of

            Godly intervention, you are to be most pitied, for you have no place to go with your fear!

          • Gay Veteran

            I don’t know who is more arrogant, theists or atheists

          • Darin

            Don’t we all live in a world free of Godly intervention? Isn’t that what free will is about? If God intervenes, is He not interfering with the free will he is supposed to have given man? And if he can intervene, why, for example, did he allow hundreds of innocent children die a horrible death last week in Syria? Was he busy helping one of his favored children find their car keys?

          • Terry

            An interesting argument but have you ever wondered if the creator is satisfied with the results of humanities spiritual / moral development? Apparently not if you can see that 6,000 years of Biblical history is a record of God’s attempt to raise people’s consciousness.
            So the question is… can people be educated to be selfless without taking away their freedom? Any good teacher should be able to teach without infringing on the student’s freedom.

          • Walt Lonsdale

            Faith in Jesus Christ is not religion. Religion had rites and rituals. The faith in Christ is to follow Him daily

          • MomOf3Boys

            Although I’m sure “Guest” means well, you have to understand a few things. Christians are human too. Sometimes we get defensive & allow ourselves to insult others. No bueno. Also yes, some of us may be afraid of death, most people are! It might hurt! It will hurt our spouses or children we leave behind. But we’re not afraid of what will happen after death.
            Also, if you look through history of religions, most religions ARE about control (you must do this to go to heaven… bow so many times, pray so many times, etc)… but the bible says that that you don’t go to heaven thru good works, it says “all have sinned” & “the wages of sin is DEATH, but the GIFT of God is eternal life”… it’s not something we earn, it’s FREE. Thus, no social control, because we all sin, &could never DO enough to earn heaven.
            As for the comment about being gay, it’s no secret that as Christians, we believe it’s a sin. Sorry, it’s also a sin when I see a hot guy & picture him with no shirt (sorry hubby!!) or if I tell a lie to stay out of trouble! It’s part of being human & a sinner. No one’s perfect. We are also instructed not to judge one another, but to love each other as brothers! So, even though we may have different opinions GayVeteran, God loves you no less than he loves me. Maybe even more, cuz he’s still trying to get your attention 😉

          • Gay Veteran

            again, religion exists because man fears death. You do not fear death because of your religion.
            and religion is inherently about control. why do you think it was invented?

          • MomOf3Boys

            “it” (believing in God) was not invented. God was here first. He INVENTED us.

          • Gay Veteran

            religion is a scam since the first priest emerged from the muck

          • MomOf3Boys

            no it’s not <3

          • Gay Veteran

            religion is the opiate of the masses

          • Darin

            Who has a stronger moral character: A person that behaves in a socially responsible way to appease a god in return for a reward, or a person that does the same not believing they will be rewarded for it after death?
            Yet you believe the person who is unselfishly good, believing they will receive no reward, will be sent to eternal torture.
            God bless…..

          • Alex K

            Good according to what or who’s standard? Evryone like sto think they are good or smarter than they actually are. Even Al Capone and mobsters think they are good and it’s the world that has gone bad.

          • Louise in MO

            I don’t fear it in the least bit!

          • Walt Lonsdale

            I believe in God because I don’t have enough faith to be an Atheist!

        • Hank Kingsley

          This ‘god’ is an invention of the elites to keep the masses dumb, scared
          and content (with little, while the elits loot the place). Looks like the elites have you fooled.

          Hell doesn’t exist either, just an invention of the elites to scare you with so you won’t do anything when they loot your wallet.

        • Terry

          Would you follow/trust a Jesus that would leave any of God’s children in eternal hell? The “Jesus” that is potrayed in the Bible came to save sinners. Would he just give up because a sinner died? I hope not.

      • Guest

        The problem is that you’re comparing yourself to other human beings. There is a higher standard that all of us have fallen short of, and that standard is God’s righteousness. In God’s sight, there is none good. The Bible teaches that when Adam fell, all of us fell in him. His sin was imputed to all of his posterity, i.e. the entire human race. The only way that a fallen, sinful human being will be accepted in God’s sight is by His grace. The Bible says that before the foundation of the world, God elected a certain number of Adam’s fallen race to salvation and predestinated them, and only them, to be conformed to the image of his Son, Jesus Christ. As the sin of Adam was imputed to all of his seed, the righteousness of Jesus Christ is imputed to all of His seed, those chosen in Him before the foundation of the world. Salvation is by the sovereign grace of God, and man’s will or works have nothing to do with it.

        • Gay Veteran

          I see, yet again, that it didn’t take long for the bible thumpers to come out

          • Richard O. Mann

            A day is coming that we Bible thumpers won’t be here. You may even still be alive when it happens. Then again, you may not.

          • Gay Veteran

            the rapture? can I have your car?

          • Walt Lonsdale

            You can have everything.

          • Terry

            Will you pay me to take care of your pets? Or are you just going to let them starve?

          • Terry

            The rapture is going to be an INTERNAL event. The kingdom comes without signs to be observed. If you float up into the sky … it will be on the news. Jesus took people out of the world. They were raputured but didn’t go anywhere.

          • Louise in MO

            Mr. Gay Veteran…….there will come a day when you will wish to have your own Bible to thump on!

          • Gay Veteran

            or not

          • Hank Kingsley

            Nope, because ‘god’ doesn’t exist.

            This ‘god’ is an invention of the elites to keep the masses dumb, scared
            and content (with little, while the elits loot the place). Looks like the elites have you fooled. You fell for the scam.

            I bet you donate to the church corporations too.

          • Walt Lonsdale

            I guess that scares you. Believe it or not, there are those not afraid to not be PC.

          • Gay Veteran

            there are many things I’m scared of, bible thumpers ain’t one them

        • MomOf3Boys

          And sorry for the LOOOOOONG reply!!

        • Terry

          Gem 6:9 Noah was a righteous man…. and a drunkard.

      • chris

        Politics is one of the main reasons the world is in the mess it’s in. That and greed. Your leaders worship ‘the all seeing eye’. That’s not God btw.

        • Wally

          Greed is the main reason not politics. Politics are used to cover up greed and to enable greed. All once great civilizations have collapsed because of greed.

      • Walt Lonsdale

        First of all, you did piss on people’s faith. Religion does not equal faith. You borrow words from a judeo-christian worldview then say it doesn’t exist. I assume you are aware of the Atheists of the bloodiest century on record? The 29th century?

    • G.

      I TOTALLY AGREE!! It seems as if no one mentions GOD anymore.

      • Gay Veteran

        you haven’t read the comments on this site much then

    • Hank Kingsley

      No, the problem is that this ‘god’ is an invention of the elites to keep the masses dumb, scared
      and content (with little, while the elits loot the place). Looks like the elites have you fooled.

    • Vaughn

      Christians form a majority of the U.S. populace. Even on an economic blog I have to hear about this guy?

  • PT

    I work for a very wealthy guy who tells me I’m nuts for believing the stock market could crash or the dollar could collapse. How does he have so much money and not see this coming? He’s obviously smart or he wouldn’t be rich. But even so, I asked him one day if he thought gold was money and he said no. I knew right then and there to never take any more financial advice from him.

    • KCTed

      There is a great deal of difference between someone who knows investment and market speculation and someone who knows global monetary systems.
      The markets look good when infused with $85-100 billion a month (QE). That’s a false financial scenario and can’t continue indefinitely. Those who have all of their wealth in currency based investments could lose it all.
      Buy stocks in stable food and energy companies so you will have ownership in viable entities after the collapse and reset. Get out of Bonds, CD’s, equities, etc.
      If you can, buy PMs (physical) because they are “on sale” right now. 😉

  • Concerned Boy

    I am very concerned

    • City Slicker

      Concerned Boy, I feel your pain.

    • chris

      Well you would be you’re just a boy. I suggest you ‘man up’ and grow a pair because you’ll need to be strong when the SHTF.

  • americalsgt

    And yet the casinos are packed with old people playing on cash advances.
    -not the end

  • ProclaimingGodsTruth

    Many will discount these signs and write them off to sensational gloom and doom. Unfortunately, many therefore may be losers of their wealth and more importantly their faith. Many will fall away from Godly faith in the last days – there will be much apostasy before the Antichrist shows up -2 Th 2:3.
    Who or what is your faith in today?

  • Trailer Park Investor

    The END IS HERE!
    Staring us right in the face.
    The abyss draws ever so close, you can feel it, hear it, you can even smell it, only thing left is to see it and that will be soon, VERY VERY SOON.
    Time is oh so short, prepare what you can.
    Time is the most precious commodity you have left spend it wisely.

  • spiralbenefits

    Clear signs that your personal financial account is entering a wonderful spiral of increasing benefits selling apocalyptic products to your freak out audience.

  • Naples Florida

    So the debt junkie country can’t afford normal interest rates!?
    So how high are interest rates on the 10 year and 30 year going? I know plenty of people waiting to retire once rates are at historic norms.

  • markthetruth

    The issue here is does the US join the TTP or not , I’m not sure this is a Obama Decision, it’s a Strategic issue with the Asian Countries especially with china .

    the end…

    • markthetruth

      TPP not TTP

      the end…

      • patricia666

        My Uncle Aiden got Lincoln just by parttime work from a computer… i thought about this w­w­w.K­E­P­2.c­o­m

  • Handog

    Just saw a TV commercial, it’s been running a while now. This bald dude says he’ll invest your money without risk. If stocks tumble you are locked in. Thinking of giving him a call once I find a job.

  • david odowd

    I’ve been around for many years and I have to say that this is the ‘slowest train wreck’ I’ve ever witnessed. The ‘powrz that be’ have been successful in building this huge house of cards; but I believe it won’t be long now…

  • Kent Harris

    One could add that the Treasury Department is still ‘cooking the books’ as Michele Bachmann put it. Nearly 3 months and no change in our debt. You know it is getting bad when the Federal Government refuses to explain why our debt should be about 400 billion dollars more than what is being recorded.

  • Wally

    We have crossed the point where more Americans are enslaved to the system then not. There can be no recovery. If the president came out tomorrow and said, I have a deal for all Americans…In exchange for your servitude and for the abolition of all your rights such as freedom of speech and the right to bear arms the United States will forgive every student loan or housing loan debt owned by the federal government. You will be debt free and all I ask in return is that you support this government and all laws this government sets forth whole heartily. You would see mile long lines of people waiting to apply.

    There are no longer any degrees of separation between ourselves and someone we know that receives some sort of a government handout whether that be a job or food stamps, or a free phone or social security or whatever. No person who opposes such things will ever get elected to office again. If say a Scott Walker ran against Clinton in the next election do you think Walker wins? Not a chance. Even right leaning people might vote for Clinton or maybe not at all. People would not vote for someone who might cause themselves or someone close to them to lose their job or have their pensions cut or their food stamps cut.

    Many of you are saying you have been hearing this for many years since the doomsayers of the 70’s and 80’s. If Carter would have stayed in office I am sure many more financial difficulties would have been felt. Reagan gave us an 8 year reprieve but as soon as Bush 1 got into office it all started downhill again. So the doomsayers were right but they didn’t count on Reagan and it has taken this many years to come to fruition.

    • Gay Veteran

      Scott Walker is owned by the billionaire Koch brothers (who inheritied their money).

      • Wally

        So? That is irrelevant. The point was that if….IF Walker ran there is no way he gets elected because of his fiscal policy. Whether or not the Koch brothers are his puppet masters, he would never win.

        • Gay Veteran

          LOL, it depends on which person the top 0.1% want to serve their wishes

  • alan

    This is the least of our worries. The Fukishima nuclear reactor in Japan is the disaster that will finish off the West Coast of North America. The people in charge do not have the technology to
    stop the fuel rods from melting down completely.
    Please go to the “Zero Hedge” website immediately
    and make plans for the last 5 years of you and
    your family’s life on earth.

    • Wally

      I agree Alan not much is being publicized about this. I have a good friend on the Reagan and many sailors are reporting bad health. I think many of those sailors will die well before their time. We are not promised tomorrow. Take care of what you can today because tomorrow may not come.

  • A D

    ALL will give an account and stand before Jesus on the day of Judgement. You can deny it, say it is not real, however the ERROR in judgement will be beyond all comprehension.

  • Conrad I. Picklebutt III

    Hello Michael,
    First Post: Have been following your site for a couple of years. Read your book last month, interesting! More of a question than a comment. I preface this by saying I was one of the folks that was telling all of my friends back in 2005 there was a Real Estate Crash coming… Had an argument with my friend and CPA at the time regarding that! Today I feel 99% certain we are going to have a “Big Reset” in the near future. Could come in the form of a inflationary spiral, or system lock-up and crash… I can’t decide my favorite. :>) When a large organization goes bankrupt the return to outside investors is usually between 30 and 45 percent when all the dust settles. If you overlay that on the entire economy, that would mean as a group, the middle and upper classes will take a 55 to 70 hit on their wealth. Do think this could be a plausible outcome?

  • Far Out

    Its nice to know one has a few Aces in the hole. The house built out of debt to printed moolah is coming down.

  • RarefiedSnotress

    The economy isn’t going to collapse/reset until the next presidency. It will just continue to languish.

  • MomOf3Boys

    Hey man, don’t blame Pollyana for being optimistic! LOL

  • MomOf3Boys

    Have u been watching “Know Your Enemy”? lol

  • motorsportsnz

    All you’re concerned about is your money who really understands the real end of verything is closer daily.
    If you have not taken the time to seek real transformation of your greedy ways theres no eternal life for you in heaven. Get away and beyond the man pride filled money go round then seek Christ.
    Should you ignore this we shall not see you once the believer in Yeshua Jesus leaves this earth.
    Tribulation is looming for this world and its wicked lawless moral less ways.
    Bye bye not just American pie but the whole ungodly world of the devil.
    Yeshua said
    I AM the way the truth and the life.
    That no one comes to the Father but through Him

  • Sister Betty J

    Jesus Christ says that we will all be accountable for our own actions…So rather you believe in our Heavenly Father or not… it is your choice. God never force His truth on anyone. It is a Faith beliving that He is who He is…He does not lie…Never has, Never will. I thank God for His Mercy and His Grace that He has given us all daily, and One day that Mercy and Grace will end in His ((Return)). I pray that many will believe…and stop the wickedness…Repent…Confess…Have a Bless and Peaceful Day…Amen! Agape!

  • Lex Muir

    Only in America could a debate about the economy move swiftly to a debate about religion!

  • Gone to far

    Let it burst. But we will be better off for it. The old companies must sink for new to be developed. Its a cycle.

  • This column is far to narrow to make viable comments in.

  • Omar Khazamov

    Looks like a bunch of possibly correct, but has to do with every other single thing in the economy, very general. (#12,#13). Can I summarize this article with two-three words? Yes. Market is volatile. Not even a single statistical datum. All data sources from the few web-sites.
    It will do as an intro for crisis for middle-school children.

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