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4 Things That Are Happening Today That Indicate That A Deflationary Financial Collapse Is Imminent

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When financial markets crash, they do not do so in a vacuum.  There are always patterns, signs and indicators that tell us that something is about to happen.  In this article, I am going to share with you four patterns that are happening right now that also happened just prior to the great financial crisis of 2008.  These four signs are very strong evidence that a deflationary financial collapse is right around the corner.  Instead of the hyperinflationary crisis that so many have warned about, what we are about to experience is a collapse in asset prices, a massive credit crunch and a brief period of absolutely crippling deflation.  The response by national governments and global central banks to this horrific financial crisis will cause tremendous inflation down the road, but that comes later.  What comes first is a crisis that will initially look a lot like 2008, but will ultimately prove to be much worse.  The following are 4 things that are happening right now that indicate that a deflationary financial collapse is imminent…

#1 Commodities Are Crashing

In mid-2008, just before the U.S. stock market crashed in the fall, commodities started crashing hard.  Well, now it is happening again.  In fact, the Bloomberg Commodity Index just hit a 13 year low, which means that it is already lower than it was at any point during the last financial crisis…

#2 Oil Is Crashing

On Monday, the price of oil dipped back below $50 a barrel.  This has surprised many analysts, because a lot of them thought that the price of oil would start to rebound by now.

In early 2014, the price of a barrel of oil was sitting above $100 a barrel and the future of the industry looked very bright.  Since that time, the price of oil has fallen by more than 50 percent.

There is only one other time in all of history when the price of oil has fallen by more than $50 a barrel in such a short period of time.  That was in 2008, just before the great financial crisis that erupted later that year.  In the chart posted below, you can see how similar that last oil crash was to what we are experiencing right now…

Oil Price 2015

#3 Gold Is Crashing

Most people don’t remember that the price of gold took a very serious tumble in the run up to the financial crisis of 2008.  In early 2008, the price of gold almost reached $1000 an ounce, but by October it had fallen to nearly $700 an ounce.  Of course once the stock market finally crashed it ultimately propelled gold to unprecedented heights, but what we are concerned about for this article is what happens before a crisis arrives.

Just like in 2008, the price of gold has been hit hard in recent months.  And on Monday, the price of gold absolutely got slammed.  The following comes from USA Today

The yellow metal has tumbled to a five-year low amid a combination of diminishing investor fears related to foreign headwinds in Greece and China, and stronger growth in the U.S. which is leading to a stronger dollar and coming interest rate hikes from the Federal Reserve. Investors have been dumping shares of gold-related investments as other bearish signs, such as less demand from China and the breaking of key price support levels, add up.

Earlier today, an ounce of gold fell below $1,100 an ounce to $1,080, its lowest level since February 2010. Gold peaked around $1,900 an ounce back in 2011.

For years, I have been telling people that we were going to see wild swings in the prices of gold and silver.

And to be honest, the party is just getting started.  Personally, I particularly love silver for the long-term.  But you have got to be able to handle the roller coaster ride if you are going to get into precious metals.  It is not for the faint of heart.

#4 The U.S. Dollar Index Is Surging

Before the U.S. stock market crashed in the fall of 2008, the U.S. dollar went on a very impressive run.  This is something that you can see in the chart posted below.  Now, the U.S. dollar is experiencing a similar rise.  For a while there it looked like the rally might fizzle out, but in recent days the dollar has started to skyrocket once again.  That may sound like good news to most Americans, but the truth is that a strong dollar is highly deflationary for the global financial system as a whole for a variety of reasons.  So just like in 2008, this is not the kind of chart that we should want to see…

Dollar Index 2015

If a 2008-style financial crisis was imminent, these are the kinds of things that we would expect to see happen.  And of course these are not the only signs that are pointing to big problems in our immediate future.  For example, the last time there was a major stock market crash in China, it came just before the great U.S. stock market crash in the fall of 2008.  This is something that I covered in my previous article entitled “Guess What Happened The Last Time The Chinese Stock Market Crashed Like This?

As an attorney, I was trained to follow the evidence and to only come to conclusions that were warranted by the facts.  And right now, it seems abundantly clear that things are lining up in textbook fashion for another major financial crisis.

But even though what is happening right in front of our eyes is so similar to what happened back in 2008, most people do not see it.

And the reason why they do not see it is because they do not want to see it.

Just like with most things in life, most people end up believing exactly what they want to believe.

Yes, there is a segment of the population that are actually honest truth seekers.  If you have felt drawn to this website, you are probably one of them.  But overall, most people in our society are far more concerned with making themselves happy than they are about pursuing the truth.

So even though the signs are obvious, most people will never see what is coming in advance.

I hope that does not happen to you.

  • stingray

    you right hope nothing happen to me and all of us

  • Guest

    If the gold and silver markets weren’t manipulated and were truly free markets, the prices of gold and silver would be much, much higher than they currently are. The past four years have been so frustrating for those of us who bought PMs in order to protect our wealth. I’ve worked and saved my money since I was 14 years old. I’ll be 40 next month. I have a significant chunk of my life savings stored in PMs, but my PMs are worth much less than I paid for them. It makes me so angry.

    The COMEX needs to be shut down. It’s nothing but a den of criminals.

    • Ex Deo

      Stay the course, my friend. This is what the banksters want, for you to panic, give up and then sell. Keep buying on the new lows. Good things come to those who wait. The window of opportunity will present itself soon enough. Maybe not now or tomorrow, but definitely within your lifetime. Things are heating up and boiling on every scale. There isn’t a facet of society where there isn’t doom and gloom. Stay the course!

      • Guest

        I’m not buying any more. I’m starting to believe that TPTB are going to keep the prices of gold and silver suppressed until the system implodes. But then we’ll have more important things to worry about.

        • http://karmaeconomics.blogspot.com/ lavista4u

          You got it ….

          They are evil but lot more smarter than we give credit for…when Gold price finally explodes…there would not be any America left over to buy…

        • TheLulzWarrior

          The system implodes in less than 3 months.

          • Frijebai

            October will be a sad month.

    • MIchael in Chicago

      I make money in PM or break even every year. I buy Panda’s, Lunar Series, Africa Wildlife and other high premium coins. My collection is diverse and includes pre-1933 US Gold MS65, Carson CIty proof like dollars, some ancient coins and current gold fractionals. Sorry to hear about the value of your collection but it seems like it has to do with what you are buying.

      • Guest

        “Sorry to hear about the value of your collection but it seems like it has to do with what you are buying.”

        That’s ridiculous.

      • Frijebai

        Why not buy bullion instead? It’s much cheaper.

    • Coffeedrinker

      You have done the hardest part: transferring your wealth into precious metals. The next part is trying to hold on to your wealth by not putting it into a Bank’s safe deposit box or getting it stolen out of your house.

      Hold on to it; it is very good stored wealth.

      • Guest

        I have every intention of holding on to my PMs. There is no way I’m going to sell and take a loss. What’s so frustrating is that the manipulation of PM prices is so obvious yet nothing is done about it.

        • Ponziconomy

          The criminals run the insane asylum, and will so until they are rousted.

        • Liberty First

          Be patient.

        • Rick

          I think Coffeedrinker was trying to say the government will most likely make a play on our PMs like they did in 33. And if they don’t, rouge bands of criminals that we have not yet elected to office will be taking everything they can from the vulnerable. They will in almost every case get away with it when society finally cracks. Right now it takes 15 minutes for police to respond to a 911 call in a small city. I wouldn’t count on them showing up within 1 minute at 2 am after the thugs have broken in to your house. Please own guns. That is meant to be plural by the way. Guns and dogs are your best protection. God save us!

          • SunnyFlaSnotress

            rogue..

          • Rick

            You are correct!

          • Running Wolf

            Good advice on owning guns. Remember that lead and brass are also “precious metals” when the going gets rough.

        • vagyras

          Though you are doing it right. So many buy gold to get rich or something. Its not a stock or other dividend paying instruments.

          I buy it because between now and whatever currency system comes next after Old Money burns from their hubris, my PMs will carry over.

          To me its mostly insurance, however I am definitely hoping once it all goes to hell that PMs get heavily revalued to the sky once central bankers and hedge funds stop destroying the market. I think this will happen. But if not, metal has value no matter what, paper is just paper.

    • Mike Smithy

      Keep the faith. The oligarchs are purchasing PM’s hand over fist as a result of the manipulation of PM ETF’s. However, they are doing so with stealth. Your foresight will be vindicated in the end and you can then mock the stawk market bugs after they lose their nest egg. He who laughs last, laughs best.

      • Stop Republican Obstruction

        I have faith the economy is recovering.

        • jsmith

          Is that why so many chain stores are closing? Even McDonald’s are closing non-performing franchises. I would think that if we were having a recovering economy the reverse would be true.

        • advok_8

          BLIND faith.
          Based upon . . . ?

          • Goldfinger

            Reality.

        • Frijebai

          Very funny.

        • http://www.RestlessBoomers.com/ Restless Boomers

          For your sake, I hope you’re joking.

    • Ponziconomy

      Comex’s new name by the way is CRIMEX

    • kfilly

      Yes, it is funny that the U.S. Mint is selling completely out of silver coins, and the price of silver continues to drop. There is no way the markets could be manipulated. Rolling eyes

      • Guest

        Right on.

      • robert h siddell, jr

        TPTB are so diabolical and powerful that eagles might be selling for officially $15 soon with a premium of $1,000.

    • just_some_putz

      Buy more. PMs are on sale now.

    • algol2000

      Your patience will eventually pay off. However, ensure that you have your PMs with you buried somewhere secret under lock and key.

  • Yaroslav

    “AND there came to him the Pharisees and Sadduccees tempting: and they asked him to shew them a sign from heaven. But he answered and said to them: When it is evening, you say, It will be fair weather, for the sky is red.
    And in the morning: To day there will be a storm, for the sky is red and
    lowering. You know then how to discern the face of the sky: and can you
    not know the signs of the times? A wicked and adulterous generation seeketh after a sign: and a sign
    shall not be given it, but the sign of Jonas the prophet. And he left
    them, and went away.” Matthew 16:1-4

  • liberalmenlickobamacock

    but the cost of liberalism is soaring

  • Randy Townsend

    “But overall, most people in our society are far more concerned with making themselves happy than they are about pursuing the truth.” Our Pastor was going through the book of 1 Corinthians and he made that point – man wants to be pleasured, even though that pursuit is destroying our world. This is NEVER going to end until Christ returns, and it’s going to get very bad before that happens.

    • Ponziconomy

      Satan has successfully turned the USA from a Christian nation to a satanic nation. We are living in the times of Revelations. Keep God first, it’s our only chance.

      • WVBORN56

        The good news is we are living in the shadow of the tribulation. The church is absent from Revelation 3 on…..Keep looking up!

      • IsReal

        Aside from the Puritans, America was never really a Christian nation. It’s founding fathers were largely Freemason secret society men and many didin’t even believe in God, including Benjamin Franklin. Look at the money symbols, all of the Freemason symbology in W.D.C., etc. It’s never been a Christian nation, it’s illuminati including the Statute of Liberty.

        • Ascetik

          Exactly. I also don’t get the worshipping of the constitution either, it is not some infallible/Christian document. A lot will disagree with me, but what we need is a Catholic constitution. Freemasonry is from Satan.

  • Mike Smithy

    Many have predicted that the economic disaster that is upon us will be preceded by a deflationary collapse. As a result, Mr. Yellen will institute QE4 which will be the equivalent of dropping money from helicopters to spawn spending and velosity. The result of the Federal Reserves misguided actions will likely lead to a hyper-inflationary collapse.

  • Mike Smithy

    In November 2008, the price for a barrel of WTI sold for approximately $49.50 and the price for a gallon of gas in November, 2008 was approximately $2.15. Today, WTI is back under $50 a barrel and I am paying $2.79 for a gallon of gas. WTF?

    • toadsticker

      I’ve noticed this phenomenon also. As the barrel price slides back the price at the pump doesn’t slide back at the same rate – ever. When George Bush was the President the price at the pump to the barrel price index (my index – moving the decimal on the barrel price over 2 places and then dividing the pump price by that number) ran about 3.25 ($4 / 1.2 = 3.33). Now it’s about 5.5 ($2.79 / .5 = 5.58).

      • JasonD

        It’s called the rocket and the feather. It is a well-known economic phenomenon. Look it up.

        • toadsticker

          will do. thanks for the info

    • tom

      Any increase in state/local taxes since then?

      • Mike Smithy

        No.

      • Frijebai

        Derivatives and bonds. The government has to pay for it somehow.

    • True Grit

      In California, Premium is $4.75 per gallon. (need it to run my FJ) in ’08 it was $2.75. Mostly because of taxation.

    • Priszilla

      this year i didnt buy a single litre of petrol. i bought a bicycle instead. and there seem to be more cyclists on the street every week.

      • Orange Jean

        Depends on where you live if that’s practical… and you’ve said in the past you live in England.

        I would say that in much of the US using a bike only is impractical… too great distances between things. Where I live I do see people commuting by bike occasionally, but personally I think they are nuts. Where I live was developed a long time ago, and roads are too narrow to be good for both vehicle and bikes in most places. Every time I see someone biking to work… when a car comes upon them the car has to move into another lane to safely pass the bike riding in the side of the road. And in the rural areas, most roads have steep ditches on both sides (to control flooding during storms), so people using bikes typically drive in the middle of the lane… a rather hazardous thing to do.

        • Priszilla

          So, building more cycle lanes would create local jobs and promote independency from oil imports.
          I ride 10km in the morning and 10km in the evening. In university I only had 5km each way, and rode the bicycle in every weather up to minus 10 degrees.

      • none

        During the 29 depression bicycle repair shops did very well.
        Since most people could not afford to drive.

      • SunnyFlaSnotress

        My little red electric scooter got stolen and I am still sad. My new RockBoard is too much work.

    • Frijebai

      Mexico also sells oil and people there pay twice as much as Texans at the pump; WTF?

  • Alwaystomorrow

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

    Published 6/25/2015
    165 days until 12/31/2015.

    For fun, lets do a count down every day until the end of 2015 and see just what happens.

    • Jerry Beeler

      Are you poking fun at the blog?

      • Alwaystomorrow

        No.

        • SunnyFlaSnotress

          Why not?

    • http://karmaeconomics.blogspot.com/ lavista4u

      If you are counting…Please count my day as well…The real fun begins after December 18, 2015….

      • Alwaystomorrow

        You are correct about the fun. December 19th 2015 through January 9th 2016 I will be watching the sun set over the Gulf of Mexico in Naples Florida.

      • Marco

        What happens dec 18?

        • pissedlizard كافر ‏

          Star Wars episode whatever opens. There is a countdown timer about a block from Times Square

  • Bill

    Michael, why is the BDI taking off?

  • K

    Agreed about silver. If you are ready, in all other categories. Silver that you can put aside for a while is the way to go. You have only a little time though. Physical silver is already starting to dry up, to some extent.

  • fagfairyqueer

    O wham bama gets anderson cooper pooper packer

  • afagisnotacigarette

    anderson pooper scooper packs O BAM A with fudge while Micheal gives a dirty look.

  • getthebutta

    mccain is in pain after cooper slaps his behain and O go go go with out no vasa lain ya know what i me ain?

  • ladyisreallydude

    i had a dream about them in washintain that they was greasy thems butts up and sliding inbetweain mcain was the main and O bam A was the queen in a glaze O vasa leain than in comes a runnin ma chel the bumpin ma chine and they was a bumping til morn-iiiiing

  • wethepeoplenotthesheeple

    100,000,000 stop paying taxes and you’ll see the collaspe come real quick like. But, no-one has the balls enough to do that. Too bad.

    • toadsticker

      You’re right, but I have two ideas that take less balls. 1. Quit cable tv. Local governments get a tremendous amount of revenue from fees and surcharges.
      2. 10,000,000 don’t make their house payments for 2 months. Fannie Mae and Freddie Mac would have a complete meltdown this time. They need those payments coming in every month to avoid another collapse. Then do it a third month just to really screw with them.

    • Ideas Time

      To bad the masse do not get it. Most people do not know that the ir s and the fed are private corporations and foreign owned.

      The ir s is A Porto Rico Trust. They were formed at the same time but the ir s was formed under a different name and move into Porto Rico and set up a trust so they would be safe with the fraud.

      When people fund them they are funding crime to the tune of about 385 billion a year so they can kill and fly around in G-5s plus.

      Think the Crown, IMF, the fed and maybe the un and now you know who you voluntary give your money to.

      Money goes to a Quad 0 account and then can be spent any way they want.

      As I understand it there is no law that requires you to file and it is not a crime not to file.

      I quit a long time ago. They need a yearly contract from you to give your consent and a contract to collect money from you. Fear is way they get away with it.

    • Ned Ludd

      Ive been saying this for years, shut off the teet that feeds the FED.

  • Theresa Glover

    Another incredibly informative, concise article about what we really need to be paying attention to in our government and society. It seems that most all of our attention these days are on flags and gay marriages, when what we need to be paying attention to is the kind of stuff listed herein. Otherwise, I fear, we are headed for a doomsday we have never yet experienced. Life as we know it is about to change and nobody seems to care….Except for those reading herein and Michael who, of course, researched and writes it!! Thank you for that!

  • Liberty First

    Michael, could you please do a piece re your thoughts on gold v. silver (both will beat cash).

  • Stop Republican Obstruction

    It is a shame there are so many Americans have little faith in president Obama.
    For example, housing starts surged 9.8% in June.
    Greece is on the long road to recovery. They started implementing austerity measures today. Thus, the chances of Greece staying in the Eurozone have improved dramatically.
    The number of job openings hit a 15 year high in June.

    The number of food stamp recipients is down to 45.3 million. This is a sign that Americans are finding jobs. Thus, they do not need food stamp assistance.
    Obama is a wonderful president. If you have the chance I urge you to view Obama’s Eulogy at Charleston shooting site on U tube. Perhaps your opinion of Obama might change.

    • lynn

      Hahahahaha….either a comedian or a troll

    • Brandon elliott

      You lost me at “Greece is on the long road to recovery.” Greece just mortgaged a bulk of their state assets to borrow money from creditors to pay…said creditors. They’re absolutely unsustainable, and they’ve become economic slaves to the Eurozone elites.

    • Mike Smithy

      Suck it, scumbag.

      • SunnyFlaSnotress

        I flagged you Mike Smithy.

        • Tyrone

          You now what happen to da snitches?

          • SunnyFlaSnotress

            I standardly laugh a lot.. ::smile::

        • Mike Smithy

          I am indifferent to your feeble flags.

          • SunnyFlaSnotress

            My flags are righteous. Apparently the moderators are getting feeble.

    • takertaker

      Spin it DJ…

    • Yermomandeye

      Pull your head out of the sand.

      • True Grit

        Sand?

    • LAURA KEY

      Another gullible American who believes the almighty lapdog lobotomizer media which is working full time to spew whatever the White House feeds them. Oh yes, and don’t forget…. “If you like your doctor, you can keep your doctor.”
      People, THESE are the folks that are going to be sitting in their little apartments –stunned that they have no food in the fridge, and their money is worthless, and their EBT cards are rejected. Then what? They will become part of the wandering hoard of starving, bewildered, crazed looters, who will probably kill someone for a package of Fritos.

      • True Grit

        I like a .45 auto with my fritos

      • Uncle Rukus

        Oh yes, there is some powerfull leftism at work here!

    • True Grit

      Drink some more Kool-Aid. Is it nice and warm where your head is?

    • Frijebai

      The 100 year long road to recovery; it’s called youtube.

  • Stop Republican Obstruction

    I hope Hillary wins the election in 2016. Below is a list of her accomplishments as senator. The source is addicting info org.

    “She played a leading role in the development of State Children’s Health Insurance Program, which provides the much-needed state support for children whose parents cannot afford nor provide them with adequate healthcare coverage”

    “She was also instrumental in the creation of the Adoption and Safe Families Act and the Foster Care Independence Act.”

    “Successfully fought to increase research funding for prostate cancer and asthma at the National Institute of Health (NIH).”

    “She spearheaded investigations into mental illness plaguing veterans of the Gulf War; we now have a term for it – Gulf War Syndrome.”

    “At the Department of Justice, she helped create the office on Violence Against Women.”

    “She was instrumental in securing over $21 billion in funding for the World Trade Center redevelopment.”

    “Took a leading role in the investigation of health consequences of first responders and drafted the first bill to compensate and offer the health services our first responders deserve (Clinton’s successor in the Senate, Kirsten Gillibrand, passed the bill)”

    “Was instrumental in working out a bi-partisan compromise to address civil liberty abuses for the renewal of the U.S. Patriot Act.”

    “Proposed a revival of the New Deal-era Home Owners’ Loan Corporation to help homeowners refinance their mortgages in the wake of the 2008 financial disaster.”

    “Oversaw free trade agreements with our allies such as Panama, Colombia, and South Korea”.

    “Was the most traveled Secretary of State to date”

    “The Clinton Foundation, founded by her and her husband, has improved the living conditions for nearly 400 million people in over 180 countries through its Initiative program”

    • Mike Smithy

      As an added bonus, don’t forget that Hitlery aka “Cankles” was indifferent to enhancing security measures in Benghazi that led to the murder of four Americans and her complicity in the subsequent cover-up. Let’s not forget that willfully violated U.S. State Department policy by using a private email account to send classified messages. To add insult to injury, she then obstructed justice by refusing to hand over all of the emails and then destroyed the server. In addition, let’s not forget that she pandered and “Shook Down” various countries in the middle east with dismal human rights records especially in their treatment of women to contribute to the Clinton Foundation. Oh and I almost forgot, when she was First Lady, her contempt for the military was blatant that she would not allow members of the military to enter the White House while they were in uniform.

      • Marco

        an ad hominem attack on a democrat from a republican? It can’t be so. Smh

        • Mike Smithy

          I am not a Republican. I am a Conservative Independent.

    • Yermomandeye

      Your head must still be in the sand.

    • kathy k

      Please just GO AWAY!

    • SunnyFlaSnotress

      I’m pretty sure Hillary will win. If people were smart they would have voted her in the first time.
      Oh well, they had to have 8 years of Obama as a lesson instead.

      • Orange Jean

        In my opinion… much as I dislike Obama, Hillary will be 10x worse! So I certainly don’t agree with your statement that “if people were smart they would have voted her in the first time.”

      • Frijebai

        Different puppet; Same master.

  • Robert L.

    It will be interesting to see what happens to gold, oil etc. this September –
    – End of the Shemitah year
    – Palestinian State likely to be recognized in the UN
    – UN “sustainable development agenda” to be announced
    – Last of the Blood Moon tetrad
    Of course, even when all this comes about, it will probably take a while for the effects to come into play. Still, times are getting very “interesting”.
    I wouldn’t give up my gold/silver now. These may be the times for which I bought them.

  • Richard

    It’s not “faint of heart”. It’s “feint of heart”.

  • disqus_tKUiAezKl2

    If you can, get everything you’ll need to live for the next 20 years because you may not be able to get it soon. Plan for serious supply problems. If you can, hide it from looters and tell NO ONE.

  • SunnyFlaSnotress

    The first three points about commodities,oil,and gold,are well-taken and the charts are appreciated, though precious metals don’t tend to impress me.
    Point number 4 about the dollar, however, I’m thinking may actually be a sign of national strength, and it’s a good deal higher than pre-2008.. and so, I’ve got to think, this time things may be different.

  • Rick

    This is again good information, and evidence based. However, I will offer another theory on why people aren’t responding. I will place the blame for this mis-information squarely on the MSM. Obviously a percentage will go to the mentally ill equipped citizen we now have to deal with as well, but if the media was doing its job, speaking truth, we might have a better prepared population. On the other hand, how can you turn your attention away from such meaningful subject matter as Kaitlin Jenner, the “non terrorist” shootings, Donald Trump, the Pope’s scientific opinion, professional sports, the latest electronic gizmo none of us can afford… ? The mindless list goes on & on, as our country swirls down and around (the toilet).

    • John Higson

      You do know that pope has a master’s in chemistry , don’t you?

      • Rick

        John, you may be Catholic, and I am as well, however, after working in this world for over 30 years, and having changed careers from insurance to pharmacy about 20 years ago, it would be very difficult for me to step back into what I had been doing and to be considered competent in it. My first degree was in psychology 31 years ago. My latest was in pharmacy some 18 years ago, of which I still practice. I can say with all truth and assurance that I am much better at being a pharmacist than I am a psychologist. The same would hold true for the Pope, or anyone else. He’s much better at theological matters than he is at global warming or scientific issues. Just one Catholic’s opinion here.

  • retired22

    Something needs to pop soon,it can’t go on like this!

  • sharonsj

    The prices of commodities have been going down for a while, but it has not translated into lower prices for consumers. Take crude oil, which is now selling for half of what it used to. And then look at items which are by-products of crude, such as plastics. Have you seen the prices of plastic containers fall by the same 50% Nope, not at all.

    Prices of wheat, corn, soy, etc., are also down more than 10%. Are any products containing these items also down in price? Not at all.

    That’s because all the middlemen between the commodity and the consumer are still charging as much as they can. And we all know the stock market and the commodities market are rigged.

    The only reason you might finally see another crash here is that all the world banks are interconnected and the dominoes can fall because of a black swan event. But it still doesn’t mean prices will go down. After the 2008 crash, prices went up significantly because money was worth less.

    • Orange Jean

      Interesting points… I’ve noticed food and other grocery prices are skyrocketing where I live.

  • df NJ

    We could see $500 per ounce for Gold after interest rates start rising.

    • Leebo Venable

      Wow, no

      • df NJ

        The Chinese are dumping lots of gold so they can put all the cash back into the stock market. It’s bubble mania in China.

        • Leebo Venable

          True but, I don’t think I will ever see 500 dollar per oz gold. If I do I will will butter my shoes and eat them

  • http://www.iplantosurvive.info drbuzzsaw

    I SEE SAID THE BLIND MAN.
    The perfect storm is upon us.
    As a Watchman Michael IS sounding the alarm loud and clear, but how many listen, how many even care? The enemy is not afar off on some distant hill but IS at OUR VERY GATES.
    YOU only have days, weeks at best before it all comes unraveled and our world comes crashing down upon us, and THEN all the Kings horses and all the Kings men will NOT be able to put Humpty Dumpty back together again.
    PRAY HARD, PRAY FAST, (TIME IS OH SO VERY SHORT)

    • SunnyFlaSnotress

      I say, “at ease men.. go about your usual business”..

    • True Grit

      Humpty Dumpty, The big fat lazy slob who couldn’t even sit on a fence without falling. Then couldn’t even take a little fall without breaking into pieces.
      I hope the S.O.B. falls and I don’t think we should put him back together again with all the horses and army men and bombs etc. So he can sit his fat a** up there again and charge us more interest.

  • IsReal

    Sleazy gold dealers lied about gold, many have taken enormous losses.

    • Leebo Venable

      Only a loss if you sell

  • Stop Republican Obstruction

    The responses to my posts yesterday were appalling. President Obama is a wonderful human being. It is a shame the right is blind to Obama’s best attributes. Did you know that the U.S added more jobs last year than all of Europe?

  • Stop Republican Obstruction

    Auto sales in June 2015 were up 4% compared to June 2014. If collapse was happening auto sales would not be up.

    • Leebo Venable

      Making cars easier to buy does not make them cheaper, when the economy goes south lots of people will lose their cars

  • Rufus T Firefly

    All of those things happened in the 1980s and it was good times. Only a fool thinks low oil prices are bad and gold is only good if you have Mr T’s sense of fashion.

    • df NJ

      With the Iran deal they are talking $20 per barrel of oil which will put all the shale frackers out of business. I think the Saudi’s pull Obama’s puppet string and the Israels are pissssed!

  • df NJ

    Many people talk about Christianity, the end of days, Jesus Christ on this board. Some of you might find the following video interesting. It seemed really goofy to me at first but as I continued to watch it I felt it was a little intriguing. Some of the associated meanings may be on the edge of superstition but it does show some interesting interpretations of symbols and imagery. You can be the judge. I’m mixed about it.

    If the evil forces controlling our World are so organized to be able to show their demonic symbols so frequently then we are in deep trouble!

    Google “The Spirit Of Truth Will Set You Free (FULL MOVIE) This Film Is 98% Truth 2% False, Can U Decode It?”

  • Richard O. Mann

    I see it coming, and really can’t do anything more to prepare for it. Once it all comes together, and the US and world economy goes into full crash mode, it will take more than the upcoming football season to keep the masses happy. Take away the bread and circuses and the masses will go mad. Take away their jobs and income along with the other, and you have the makings of a full blown riot, the such of which has not been seen in many years. Looks to be an interesting run up to the holiday season.

    • BrokenBritain

      This is why the government is trying to create a race war, and they’ll get it too, with ease.

  • Rachel Knight

    Thank you, Michael, for all that you do. You are a true Watchman on the Wall and your warnings and insight are so much appreciated. I have shared your blog with many of those that are fast asleep–those that aren’t watching.

  • Donald Wilson

    When the economy finally crashes the majority of the sheeple will be to blinded by their stupidity to see it coming. Many are so dumbed down they rely on the state and federal government for everything. When the time finally arrives and the 50 million EBT cards don’t work, welfare and unemployment is terminated you will have close 100 million crazies hitting the street looking for blood. It will be full on Monty, any sane person needs to stay off the streets for the police and military will be out in force endeavoring to clamp down on the crazies. For those who have been preparing suggest that you double down like theirs no tomorrow. For when the SHTF and the local stores are swarmed by the masses you don’t want to be caught up in the midst of all the craziness going on. Good Luck and Good Night…

    • Frijebai

      Before the SHTF everyone could practice civil disobedience or non-violent resistance. This way we can prevent “any sane person needs to stay off the streets for the police and military will be out in force endeavoring to clamp down on the crazies.”

  • Priszilla

    2004 before the bubble of 2007 gold was at $240 per ounce and oil at $25 per barrel.
    the world food price index is the lowest of the past 5 years.

    People will be able to use their savings to invest in their homes. Insulate it, get high efficiency heaters, to save money when the oil and energy prices will go up again.

    • Frijebai

      Don’t forget about growing your own food.

  • piccadillybabe

    If gold hits $700/ounce again, it may be the time to indulge oneself. I doubt it will ever go below $700 although who knows.

  • CharlesH

    The financial collapse is coming and it’s going to be so much worse then anything experienced in 2008-09. There will be no Federal Reserve to backstop what will occur – they’ve managed to use all their ammo from 08 til now just propping up this ‘recovery’. I feel so bad for the many millions of people who will be affected by this collapse not just the horrendous impact but we’ll be entering winter at the same time. Could not be happening at a worse time. Bad weather just compounds the pain.

  • 2Gary2

    “America
    has the most generous socialist government that has ever existed in
    human history, but it only applies to millionaires. If you’re on the
    board of a bank or massive corporation, the government has unlimited
    socialism for you. No cost loans, favorable
    bankruptcy laws, bailouts and tax breaks without limit. At the same
    time, unemployed students cannot discharge student loans no matter how
    bleak their financial circumstances. Socialism has been inverted. Rather
    than deployed for the poor and struggling, it’s doled out endlessly to
    people who don’t need it.”

  • Mondobeyondo

    FYI, the Great Depression of the 1930’s was a deflationary depression. If you were reasonably wealthy, you had very little problem riding it out. Unfortunately, the vast majority of once wealthy people had lost their wealth in the stock market crash of 1929. In 1932, you could buy an automobile for $150. But a lot of people didn’t even have 15 cents.

    The same thing is likely to happen this time around. Scary times are dead ahead.

  • http://www.mindbodygreen.com Kim

    We live in such critical times- it’s almost impossible to prepare except to make things right th God, and to pray and endure endure endure. God is the only one that will save mankind from itself. And as Michael writes, all the signs are present. When Mt. St. Helens erupted, there were signs of an imminent eruption. Warnings were issued and a safety zone was enforced. It’s the same with this. We all know what’s coming and nothing will stop it.

  • http://www.onewildkiwi.com/ One Wild Kiwi

    Over long periods, precious metals are better than cash, but generally just keep pace with inflation. There’s negligible return on inflation.

    Invest in tradable stuff like booze, seeds, and canned goods, (and including skills) if you’re expecting imminent TSTHTF. You can’t eat gold.

    Just sayin’.

    :)

    • Frijebai

      You can easily buy a few hundred dollars of seeds on E-bay; Best collection ever! I recommend legumes because they fix nitrogen into the soil.

  • Guest

    I don’t see anyone mentioning that China is being considered for inclusion into the SDR at the end of the year. Surely there are major investors who are considering this, so is there any connection between the two?

    • Frijebai

      I think the IMF doesn’t want to include China in deals based on the fact that the TPP doesn’t include them in the trades. If anyone knows something about this I would like to learn more.

  • Frijebai

    The government sells all it’s gold and silver; The people buy it back.

  • Frijebai

    “But when will I have time to watch FOX (news)” Seriously thanks for those links.

  • Jim

    Your charts don’t tell the story that you’re claiming. They clearly show oil prices crashing AFTER 2008, and the dollar rallying AFTER 2008.

  • Rick

    John, I think you are for the most part right about this, I would only add that it’s all politicians. Democrats are even worse. They may talk a good game as far as giving, however, they are always talking about giving other people’s money (taxpayers). When you look at what they give personally, which is from their heart, it’s generally pretty sparse. They are like the son who told his father he would do a certain task, then did not.

    • John Higson

      Whilst I am no fan of the democrats(banking shills and hypocrites) to say that they are worse is nonsense with a partisan cherry on top! They talk a much better game with a more human face and at least appear that they want to help those less fortunate than themselves. I know it’s a sham and I would never vote for them(or indeed,almost anyone!). And you’ve tipped your hand as a loon of epic proportion with the ‘other people’s money’ line,I suppose any taxation is violence at gunpoint? Give it up! Nobody outside the mentally ill states of america considers that anything other than low IQ idiocy!

      • Rick

        John, looks like I hit a nerve that you have to revert to the old progressive tactic of tearing down the opponent rather than holding an intelligent conversation. I must say, you’d fit right in in DC. Just answer me this, if government isn’t spending other people’s money, then where is it coming from? Is government a revenue stream?

  • http://www.FounderChurch.Blogspot.Com/ “FounderChurch”

    DIVERSIFY is the wisest strategy.that way you win no matter what. But people never do it. Go figure. Plus lots of Children and God are the best form of stored wealth. Search “FounderChurch” and VOTE TRUMP!

  • Franz Pick

    World economic trade and credit collapse will take Au and Ag below 999 and 10: I am stacking cash to be ready to buy PMs when the equity-market-commodity crisis hits and there are no buyers.

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