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7 Percent Crash Causes Emergency Shutdown Of Stock Markets In China For The 2nd Time In 4 Days

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Panic ButtonDid you see what just happened in China?  For the second time in four days, a massive stock market crash has caused an emergency shutdown of the markets in China.  On both Monday and Thursday, trading was suspended for 15 minutes when the CSI 300 fell 5 percent, and on both days the total decline very rapidly escalated to 7 percent once trading was reopened.  Once a 7 percent drop happens, trading is automatically suspended for the rest of the day.  I guess that is one way to keep the stock market from crashing – you just don’t let anyone trade.  And of course the panic in China is causing other markets to go haywire as well.  As I write this, the Nikkei is down 324 points and Hong Kong is down 572 points.

The amazing thing is that trading was only open in China for about 15 total minutes tonight.  Here is how CNBC described what just happened…

China’s stocks were suspended from all trade on Thursday after the CSI300 tumbled more than 7 percent in early trade, triggering the market’s circuit breaker for a second time this week.

That drop-kicked stock markets across Asia, which were already wallowing after a weaker open amid concerns over China’s economic slowdown and its depreciating currency as well as falling oil prices.

On the mainland, the Shanghai Composite tumbled 7.32 percent by at the time of the halt, while the Shenzhen Composite plummeted 8.34 percent. The CSI300, the benchmark index against which China’s new circuit breakers are set, plunged 7.21 percent. If that index rises or falls 5 percent, the market halts all trade for 15 minutes. If it moves 7 percent, trading will be suspended for the rest of the day. In total Thursday, China shares only traded around 15 minutes.

How will European and U.S. markets respond to the chaos in Asia when they open?

That is a very good question.  I think that everybody will be watching.

Already, the Dow Jones Industrial Average is down about 500 points for the year.  The financial crisis that began in the second half of 2015 is now accelerating as we enter 2016, and nobody is quite sure what is going to happen next.

One key to watch is what happens with the S&P 500.

2000 is kind of like a giant line in the sand on the S&P 500.  On Wednesday we saw the market hover around that psychologically-important number, and there is a whole lot of resistance right there.  If we break solidly through 2000 and start plunging toward 1900, that is going to break things wide open.

The primary reason for the stock market crash in China on Thursday was another stunning devaluation of the yuan.  This explanation from Zero Hedge is very helpful…

Following the collapse of offshore Yuan to 5 year lows and decompression to record spreads to onshore Yuan, The PBOC has stepped in and dramatically devalued the Yuan fix by 0.5% to 6.5646. This is the biggest devaluation since the August collapse. Offshore Yuan has erased what modest bounce gains it achieved intraday and is heading significantly lower once again. Dow futures are down 100 points on the news.

PBOC fixes Yuan at its weakest since March 2011… with the biggest devaluation since August

Yuan Devaluation

A massive devaluation of the yuan was also one of the primary reasons for the market turmoil that we saw back in August.  The Chinese are playing games with their currency, and this is causing havoc in the global marketplace.

Meanwhile, we have received some other very troubling news about the global economy over the past few days…

-The price of oil continues to collapse.  As I write this, the price of U.S. oil is down to $33.26 a barrel.  Those that follow my writing regularly already know that this is a really bad sign for the global economy.

-The Baltic Dry Index just hit another brand new all-time record low.  Global trade is absolutely imploding, and this is having a devastating impact on China and other major exporting nations.

-U.S. manufacturing is contracting at the fastest pace that we have seen since the last recession.  This is precisely what we would expect to see during the early stages of a new crisis.

-U.S. manufacturing imports are also contracting at the fastest pace that we have seen since the last recession.  It appears that “the almighty U.S. consumer” is not going to save the global economy after all.

In 2015, trillions of dollars of stock market wealth was wiped out globally.  Now this new global financial crisis is picking up speed, and many of the “experts” seem absolutely stunned by what is happening.

But most of my readers are not surprised.  That is because I have been breaking down the signs that have been warning us of this new crisis in excruciating detail for months.  The financial carnage that we have witnessed around the globe this week is simply a logical progression of what has already been happening.

To be honest, though, even I have been stunned by what has happened in China this week.  I can’t say that I expected an emergency shutdown of the Chinese markets two times within the first four trading days of the year.

Panic and fear are beginning to grip the global marketplace, and once that starts to happen events become very difficult to predict.

Let us hope that things settle down soon, but I wouldn’t count on it.

As I have said before, 2016 is the year when everything changes, and we are going to see things take place over the next 12 months that are going to shock the world.

  • cal

    Start celebrating the SECOND COMING is near.

    • Richard T.

      Even so, come Lord Jesus, come!

      • Bill G Wilminton NC

        Soon……….

    • Bill G Wilminton NC

      Yes……………..

  • 3:30 Ramp Capital LLC

    Game over man, game over.

    • afchief

      If the DOW drops 7,000 points, so what? What does that mean for John Q. Public? It did not effect most of us in 2007/8. I’m not invested in the market for this very reason. So let it crash!!!

      • DrM

        The crisis in 2007-2009 resulted in severe austerity in Europe, affecting the vulnerable and poor people. Which effects will the total crash of the current financial system have on those people?

        • Rick

          It won’t be good!

        • Rorschach

          Similar effects such as that of 2007-2009. Massive unemployment, layoffs, declining wages, increased crime, etc…

          • DrM

            Will food be very scarce after the total crash of the current financial system?

          • Rorschach

            Judging based off natural disasters and the typical stock time/duration for supermarkets I would say that food would be an in-demand commodity/resource. It may not be necessarily very scarce but much more expensive.

          • DrM

            Why would food only be much more expensive after a total crash of the financial system?

          • Rorschach

            Limited supply and high demand. Have you seen supermarkets in the wake of a natural disaster? Have you also seen Venezuela where prices have skyrocketed by over 300%?

          • DrM

            Why would there be limited supply of food after a total crash of the financial system?

            I have seen empty supermarkets on TV after a natural disaster. And I have seen on TV about Veneuzela’s hyperinflation due to the devaluation of their currency.

          • Rorschach

            If you have seen it why are you asking the question over and over? In a total collapse scenario food would be scarce because of the following:

            1. Preppers and Hoarders
            2. Limited supply
            3. Very high demand
            4. Inflated pricing
            5. Cash only or precious metal exchange

            etc…

          • DrM

            A total collapse can also mean that cash will be as worthless as toilet paper, that ATM’s will cease functioning and that wages and benefits won’t be paid.

          • Rorschach

            Cash may not necessarily be worthless but it won’t definitely buy as much as it would pre-collapse. Look at hyper inflationary economies.

          • Malcolm Reynolds

            If you have seen it why are you asking the question over and over?

            I did a Scooby double take too.

            I’ve seen it and know it happens REGULARLY, but I question your assertion that it’s possible.

            Hruh!?

          • Nothing has changed

            He is asking hoping that when you answer you listen to how unrealistic your answer is. Some what of a socratic method of teaching you.

          • Rorschach

            You should worry about yourself troll.

          • Gay Veteran

            because producers, shippers, etc. can’t get paid

          • 3:30 Ramp Capital LLC

            Yes

      • alan

        It won’t. They’ll close it at about a 100o down. Then a huge amount of cash from the Fed will be infused and it will be green the next day.

        • Mike Smithy

          It’s conceivable that the FED is finally out of dry powder. I can’t wait to see the carnage at this mornings opening bell. With a little luck, I’ll be seeing banksters falling from buildings this afternoon.

          • Bill G Wilminton NC

            People with full pockets fall faster…….

        • New Java

          Correct. PPT doesn’t even need to bother with QE.

        • They can’t control Saudi Arabia, and Obama has pissed them off so much with his Iran deal that they are looking at leaving the dollar.

          And that means the end of the petro-dollar.

          And that means MASSIVE inflation as all those foreign-held FRNs come home to roost.

          • Scoopie

            Not to mention the twisted connection between the US, our so-called ally Saudi Arabia, and our faux peacemaking with Iran. What a mess.

          • nekksys

            Let’s not forget the current animosities between Saudi Arabia (and a few of her neighbors) and Iran. Things are shaping up to be quite interesting this year!

          • Sam

            Saudi and USA government are best friends. Still working together to mess up Syria and Iraq. Iran deal will not mess up relations.

          • Siloo Kapadia

            Israel is a part of this as well.

          • GSOB

            At what point? MSM ain’t talking financially about Israel.

          • GSOB

            So, how do you prepare for a massive inflow of the once worlds greatest commodity, the dollar$?

          • nailasch2

            Warrior – I’ve read that Russia has many from the European Union already disengaged from the not so “Almighty” dollar. It’s a very peculiar time now. Major companies are shutting down. Walmart, Macy’s, even AL Jazeera. Albertsons, Vons market. This country is in a hole. I believe that only a reset button can solve this matter. Foreign relations have been dismantled. Biblical times, I say again Biblical times. Stock up on everything that could sustain your families health and safety! Protect your family to the fullest. May God continue to have mercy on you and everyone that believes.

      • Rorschach

        “So let it crash!!!”

        My thoughts as well. They only kicked the can down the road by propping it up with more debt and trillions of TARP and other QE spending.

      • Malcolm Reynolds

        It did not effect most of us

        Well, this is certainly the uninformed ignoramus opinion.

        • afchief

          It did not effect me in 07 in 2000, in 1994 or in 1987.

          It has NOT effected my bottom dollar one bit and I’m 54 years old

          • Malcolm Reynolds

            Well this is certainly doubling down on that whole ignoramous thing.
            Sorry dude, you’re either retarded or somebody else manages your affairs.

          • afchief

            Why would I lie? Like I said the market drop has not affected me one time in the last 30 years!!! Is that too hard to understand?

          • Gay Veteran

            hooray! you FINALLY used the right word: Affected

          • Malcolm Reynolds

            He got it wrong 2 posts up.

          • Malcolm Reynolds

            that too hard to understand?

            Apparently you don’t and, I don’t think you will until someone you love (or hopefully, yourself) needs to start turning tricks to feed your silly a$$ and you’re still augmenting that with dumpster du jour. Not sure why you’re here if you believe the garbage you’re spewing but God bless ya and good luck with that.

          • Anonymous

            You probably are a very wise person, but you don’t show it at all when you blog.

          • Malcolm Reynolds

            Yay me.

          • afchief

            Like I said NOT one time has the market drop affected me. Not once! I’m a retired E-9 out of the Air Force and a project manager for a food company. People ALWAYS have to eat and business is great. Like I said not one time have I nor anyone I know has been affected by the market drops.

          • Gay Veteran

            LOL, Malcolm is on a roll!
            but hey, it’s not a fair fight with pathetic afchief

          • Bill G Wilminton NC

            Mr afchief this one is different this is a designed catalyst for CHANGE to NWO.

          • afchief

            Then it will effect us. But if is JUST a market drop it will only effect the ones involved in the market and related to the market.

          • Bill G Wilminton NC

            yes you are right…………..

          • afchief

            Also, as Christians we do not know when all this is going to happen. It is in God’s timing. We all think the market is going to crash and chaos to follow.

            My point is we do not know the time only the season. And we do not know how bad it will be. We are only speculating.

          • Bill G Wilminton NC

            We do not know the timing, only the season.

            Have you studied about Shemitah Year and Jubilee Year. Google Jonathan Cahn You Tube….or/also get his book THE HARBINGER.

            Also go to youtube jonathan cahn speech to congress. Please listen to this and you will understand what we are in.

            Lastly have no fear Trust in Yeshua.

            Shalom

          • afchief

            I read Cahn’s first book and that was it. This man blew it saying the market would crash in Sep/Oct last year. I’ve been a Christian for 33 years and believe in prophecy and the gifts, but I have seen a lot garbage out there also.

            I do not put a lot of faith in Cahn and his take on the Shemitah.

            For prophecy, I keep my eyes on Israel and what is happening there.

          • Bill G Wilminton NC

            I watch Israel as it is a living clock.

            Cahn did not say that everything would crash in sept /oct but he did explain about shemitah year and said we will be in it and what it means. By the way everything is collapsing have you looked at commodities lately and of course the markets this week. But Gods thoughts and Gods ways are higher than our ways. HE is driving the bus who knows next week things may level out. But as you know this is how the market collapses with fits and stops and starts down. This seems to be the pattern of late as we close in on 16,000 Dow again.

            Also you have to understand the Jewish Calender is not the Gregorian Calender which we use.

            I think that J Cahn is a Spiritual and Biblical powerhouse and a Blessing for those that listen.

            Shalom

            The man is of The Messianic Jewish faith, that means that he knows and believes Yeshua ( Jesus) is the Savior.

          • afchief

            I hope your right and time will tell.

          • Bill G Wilminton NC

            Mr afchief, I really like your posts, thanks. I ask you again to please watch J Cahn speech to Congressional Christians and others before the Congressional breakfast. Riveting and explosive the man is a gattling gun of news of the Holy Spirit.

            This speech says it all, why this country was put here and who put it here. The founding fathers like G Washington etc and the parts they played in the divine plan.

            Shalom

          • afchief

            I love studying our history and the faiths of our founders. Liberals are trying to rewrite history with lies. Our education system has been taken over by godless socialists and they are changing our history.

            I heard Cahn’s speech awhile back. It was very good!!! I’m just very skeptical of Christians making money off of other Christians. If I had a word from God I would share it for free if it was that important.

          • Bill G Wilminton NC

            You are a good man and I know of the pastors on tv that you speak and they are now complaining that they need a personal jets. Yes Hagee has a 5 million dollar house and lives opulently gosh I wish they could just live simply in comfortable house with a simple sedan in the driveway. Spend the money helping people that need it.

            I believe that J Cahn is cut from a different mold. I know where his temple is in Wayne NJ as I was originally from that area. He had very humble beginnings and still flies commercial. But I sure wish that I heard that speech to the Christian Congressman in person.

          • ONE WHO KNOWS

            I, too, have been researching the origins of our nation, called America. I was surprised to learn that several of the founding fathers were Free Masons. Freemasonry started in Kemet, modern-day Egypt. A good deal of American principals are based on the Secret and Mystery Systems of Ancient Egypt.

          • ONE WHO KNOWS

            Oops!! Typo: PRINCIPLES.

          • Bill G Wilminton NC

            Please show/explain the principals based on the Secret and Mystery Systems of Ancient Egypt…..Which principals ? plse just give me a quick summary.

          • ONE WHO KNOWS

            The History Channel ran a special on the subject. You probably can view the show on YouTube.

          • GSOB

            Oh brother….

          • ONE WHO KNOWS

            Hey, I didn’t pull this information out of thin air. LOL!!! Only passing along info. I saw on the History Channel and Google.

          • Bill G Wilminton NC

            Sorry I don’t study/research from the history channel……they also ran a special on Global Warming…….which is nothing more than a scam.

          • ONE WHO KNOWS

            Thoth, is an Egyptian god of writing and wisdom. You can see Thoth on the John Adams Building, Library of Congress in Washington, DC. On the West or East Entrance Doors.
            Please don’t take my word for it. Google it.

          • Bill G Wilminton NC

            The John Adams building was built 1934 to 1938 as an annex to Library of Congress.

            John Adams had been dead almost 150 years when the building named after him was built.

            That is why I asked for your info. John Adams had nothing to do with Thoth on the doors.

          • GSOB

            God is not subject to any ones timeframe or calendar.
            JC is not doing anything but disarming the Church.

          • W.F. CALL

            I’ve read Cahn’s books and I also read through the entirety of the Bible approximately once per year. In no way do I feel disarmed.

          • GSOB

            You are waiting for Antichrist and the Great Tribulation and a seven year peace treaty and a rebuilt Jewish temple..and a rapture, before it gets real bad….. are you not?

          • GSOB

            Are you looking for Israel to build a new temple?

          • afchief

            No, not necessarily

          • W.F. CALL

            Cahn’s intent was not to assign a date, but, to merely point out a possible trend associated with the Shemitah year and the year following.

            Cahn also specifically stated one cannot place G-d in a box.

          • GSOB

            Wow! He said that? How large of him.

          • GSOB

            You are being misled by JC.
            You have been warned.

          • W.F. CALL

            Who is misleading you then? Why do you dislike Cahn and please provide quotes from his book(s) that make you speak so harshly of him.

          • GSOB

            Because he has led many away.

          • GSOB

            Amen. But we can trust the Scriptures… it says in Matthew 13 that the wheat and tare will grow together until the consummation of the ages….

            and it is safe Sir, I think, that we will have human government all the way up until the end…. the end being , the return of our Lord.

            So, the way I see it and believe it to be what the Scriptures inform us is that,… we are to get the world ready for His return by the grace He supplies us.

          • afchief

            We also have Matthew 6:33 which means ALL things will be added unto us if we seek Him first and His righteousness.

          • Gay Veteran

            not it did not Effect you.
            jeez, learn English

          • afchief

            Go change your Huggies!!!!

          • Gay Veteran

            why, you hungry again?

          • Anonymous

            I am your age and agree with you 100%. It didn’t affect me during the years you mentioned and it will not affect us this time either.

            lots of unhappy people that are not pleased with how their lives are going, waiting on a collapse hoping it will make everyone as unhappy and dysfunctional as they are.

      • Kim

        It absolute does effect us. From the top down.

        • Rorschach

          You are correct Kim. It affects us in many ways from our jobs to our personal lives. Employers will be seeking layoffs and cost reductions, higher working hours, more stressful atmosphere and doing the job of others, lower wages, possible cuts in benefits, etc…

          • Kim

            Exactly. Look at Macy’s. Their stock is in the crapper and it’s because of prolonged earnings misses. 36 stores closing, 4000 job losses. Tell me it doesn’t effect the little guy.

            Another example: Whole Foods has a deal in making to sell to a private retail firm. I supposed Macky has grown tired of breaking the bad earnings news to the shareholders. Right now it’s all about the numbers. They care about nothing else. As a result, employee turnover is high, job security and satisfaction is low.

          • Gay Veteran

            very true! and proper use of “affects’

      • Bill G Wilminton NC

        Kim below is correct we will all be effected as it will get very ugly real quick……..a la social services cuts like food stamps welfare etc leading to chaos.

        • afchief

          Ok, I agree with that. But in the last stock market drops there was NO cuts in social services. None!

          • Bill G Wilminton NC

            Because in 08 THEY came in with TARP and then QE 1 2 3 4 . Also THEY shot billions all over the place. McDonalds even got some figure that one out.

          • afchief

            But all the big market drops of 87, 94, 2000 and 07/08 there were no cuts in social services. I’m pretty sure the fed and the corrupt 0bama regime will continue printing money.

          • Bill G Wilminton NC

            87 94 and 2000 the debt was building. When 08 hit if you remember Congress was told that there would be TANKS in the street if there was not a bailout thus TARP.

            So TARP allowed the continuation of the social services……..but that gunpowder has been all used up and NOW we got nothing to draw on.

            Another example THEY dropped interest rates to 0 to STIMULATE lol lol lol the economy. The economy died because of DEBT how do you stimulate with more DEBT haha lol.
            So NOW to stimulate how do you go below 0 in interest rates ?

            Mr Donald Trump says that THEY (our leaders) are stupid I believe that THEY know what THEY are doing. THEY are traitors for NWO and globalism and people are slowly figuring it out.

          • afchief

            I agree!

          • GSOB

            Chief, we gotta rebuild, Sir.

          • Lennie Pike

            You are clueless and uninformed about what is happening in the world. This “We” and this “U.S.” you speak of are Fascist enemies of Freedom Loving Americans and of the U.S. Constitution.

            The one assertion you made that was not opinion has been proven to be false and caused by “U.S.” aggression toward Russia.

            Maximum security prisons with all prisoners kept in solitary confinement are pretty peaceful places too – you just have to kill everyone that refuses to get on the train – the plan currently being carried out by this “U.S” and this “We”.

          • Bill G Wilminton NC

            Well said…………

          • GSOB

            And just what did he say so well?

          • Bill G Wilminton NC

            Lennie Pike said ” you appear to be clueless and uninformed ” I agree.

            That you don’t realize that the enemy is the WE and The U.S. I agree.

            Your thought that WE should take out Assad then Putin. I disagree !. Lastly whatever you are smoking is some good sh*t.

            You asked or I never would be this blunt….sorry.

          • GSOB

            LOL
            And you think you are right.

          • Lennie Pike

            I never ONLY think I’m right, or putting what you said another way, hoping that I am right. If I am not absolutely 100% sure that I know for a fact that I am right, I keep my mouth shut.

            Not a single one of hundreds of claims I’ve posted on this site over many years has ever been found or proven to be wrong, and many of my predictions of future events based on present facts (that I am sure I know are true) have occurred as I stated they would. The ones that have not occurred yet in all probability based on my track record, will occur.

            Facts, reality, deep knowledge of Human Nature, and critical thinking with a large dose of humility – how can you ever go wrong?

          • Lennie Pike

            I will admit, I get a lot of help from knowing Bible prophecy.

          • Bill G Wilminton NC

            There will be NO peace in this world til Yeshua (JESUS ) comes back.

            This is at the End of The Tribulation to stop Armegeddon.

            He comes for HIS bride before The Tribulation begins and this is called The Rapture.

          • Bill G Wilminton NC

            Look at the years 87, 94, 2001, 2008, and now 2015……

            7 years apart each one they are shemitah years and BIBLICAL.

            Shalom

          • GSOB

            error…

          • Bill G Wilminton NC

            ?????

          • GSOB

            When a professor highly esteems another book more than the bible itself and the Bible alone as their sole authority – that professor has not learnt Christ.

          • Bill G Wilminton NC

            and what professor did that praytell ?

        • Gay Veteran

          Affected, not Effected. Jeez, you need to learn English just like afchief

          • Bill G Wilminton NC

            thanks, smooch.

      • Rebel

        It WILL effect you in more ways then one. Wether you like it or not.
        When a financial crash occurs (like the one in 29 for exemple), unemployment skyrokets, along with criminality, social upheavals, wars, and so on.
        Most of us will get affected to some extent.

        • Daddyotis

          Unemployment? Criminality and social upheaval?

          Bring it! This is what we’ve been prepping for.

          • SunnyFlaSnotress

            Hi Otis, Nice to see you today

        • afchief

          Sorry, but there are too many “circuit breakers” in place for that to happen. The market will go down, but slowly!!!

          • Rorschach

            “Sorry, but there are too many “circuit breakers” in place for that to happen.”

            Which coincidentally has now been removed in the Chinese stock-market.

          • afchief

            Not in ours though. Watch, the market will be up tomorrow.

          • Rorschach

            It doesn’t matter whether or not the market will be up. During previous financial crisis-es as well there were both good and bad days on the market. Just because there is a good day doesn’t mean anything or just because there are rallies doesn’t mean there isn’t a crisis or a crash.

          • afchief

            True and time will tell.

          • Rorschach

            Why would time tell? The previous factors and patterns are still present and the same issues have merely been papered over with more debt. It’s like pouring gasoline onto a bonfire to make it last longer. Eventually gasoline runs out and the fire dies out.

            Whether or not time tells this is the Third Wave. We are in a 2007/2008 transitional period and very similar to that of various quarters of the 2008 financial calendar.

          • GSOB

            basically, they are running out of rabbits in the hat.

        • GSOB

          but… that’s going on now?

      • Gay Veteran

        Affect, not Effect. Learn English

      • krinks

        Everyone’s 401K will take a bath unless you put it in something like bonds as I did a few weeks ago.

    • SunnyFlaSnotress

      We are all gonna die…. someday :)

      • TruthJusticeTheAmericanWay

        Not everyone. I an immortal and will live forever because there’s Alwaystomorrow. :-)

  • paul mullin

    Part of me has been screaming inside for the last few months: CRASH ALREADY!!!!! Get it over with. Commence the battle and lets do this. But I read a very simple, humble article the other day that stated; God is waiting for certain individuals to convert. There are people who are in the middle of dramatic conversions. The light is slowly dawning in their minds. They are so close to receiving the Grace necessary for Redemption. Who are we to assume to know the mind of God? His thoughts are so far above our thoughts… I can only imagine how this must pain the loving, merciful mind of God, to see so many of His beloved children on the brink of chaos and catastrophe. Why wouldnt He want as many of us to be saved as was possible. Everyone was expecting dramatic things to happen in September 2015. But it was ‘calm.’ That in itself is beyond frightening. What is coming is going to be so earth shattering, literally, that our all-merciful Father is postponing it for as long as He can. If what is about to occur was just another ‘warning’ it would have happened already. Brace yourselves and get right with God. Put away the malice and selfishness. Gird yourselves with the Truth. For the night is long and the dawn is late in coming, but dont be fooled. The thunderclap of Divine Justice is going to wake us all from our slumber.

    • Richard T.

      The Bridegroom delayth, but He sure is coming! Got to have oil ready when there’s still time to buy oil!

      • victor

        very true. He will come, and to take His bride.

        • Bill G Wilminton NC

          Please Come Soon Yeshua

          Shalom

      • Bill G Wilminton NC

        Alleluiah brother……….

        Shalom

    • victor

      So true, eternity is hard to comprehend for us humans, but not for God. He knows the value of one’s soul, especially at the day of judgment.

      • Bill G Wilminton NC

        Alleluiah…….

        Shalom

    • bigskygrl

      So well put. My thoughts as well for some time now. Gods will is that none will perish and he is waiting for the rest that will, to finish waking up and get on the ark and that’s how we should be looking at our fellow brothers and sisters, urging them to wake up, see what is really going on all around them and get right with God before he closes the door.

      • Bill G Wilminton NC

        Yeshua Ha-Mashiach !

        Shalom

    • Bob332

      A BIG Amen…the wake up call is coming THIS year!

    • Mad Monkey

      The days of tribulations are going to change things (sifting). The wheat and tares are currently growing together the collapse is the separation of the two – how we deal with the coming disasters is what is going to make the difference.

    • SunnyFlaSnotress

      dawning light…ick…

    • Mike Smithy

      This is no time to get soft soldier. Let me hear your war cry.

      • Bill G Wilminton NC

        Yeshua Ha-Mashiach ……is the war cry ! which means Yeshua (Jesus) is the Savior)

        Shalom

    • jack

      You are a fool.

      • Bill G Wilminton NC

        There is no fool bigger than the fool who ignores the TRUTH….and by opening his mouth guarantees it.

        Shalom

    • Bill G Wilminton NC

      Alleluiah brother……..may Yeshua come soon !

      Shalom

  • Mike Smithy

    Paging James and Always Tomorrow. Come out, come out wherever you are.

    • RTL89

      And Sunny too.. lol. What happened to all the “americans are making six figures!!!!!!!” posts. lol.

      • Mike Smithy

        That right, I forgot to include the “American’s are making 6 figures guy” in my page.

        • Kim

          That one is particularly annoying

        • alan

          We make six figures in Florida where I live. You count the two places right of the decimal point and go from there.

      • bigskygrl

        She’s probably making her long list of prepping supplies and building a chicken coop. I hope so… it will finally give her something worthy to do instead of offering mindless propaganda here.

        • SunnyFlaSnotress

          lol.. Actually, I’m planning on my visit to my boyfriend today, working on the internet, and waiting on word on an interview before I put vacating notice on my current apartment for either a more urban apartment directly in the city, or one close to the job.

          • bigskygrl

            Urban apartment in heart of the city…oh no! I would rather clean chicken coops than do that, esp when TSHF, but I suppose any job is better than trolling. Either way…all the best.

          • SunnyFlaSnotress

            Obviously, I don’t live in fear like you think I should.

          • bigskygrl

            It’s not about fear but wisdom. Prov 22:3 says: “A prudent man foresees the difficulties ahead and prepares for them; the simpleton goes blindly on and suffers the consequences.”

      • SunnyFlaSnotress

        Right here by your side.. Sorry if you missed me.. I don’t sit on the site 24/7 like some.

      • Malcolm Reynolds

        Yea, but you’re economically illiterate and apparently have no clue what satire is, soo….

    • guest

      Your comment made me laugh. Yep, they seem to be hiding

      • bigskygrl

        Hopefully they lost their ‘paid to tell tall tales trolling’ positions.

      • SunnyFlaSnotress

        If the “Tea in China” price has dropped, it might just be time to drink Chinese tea at a bargain price.
        I’ve been mostly out of the market for numerous years, but that wasn’t the best thing to do. Jazz has done well and can roll with the changes.. power to him.

        • Rorschach

          “Jazz has done well and can roll with the changes.. ”

          Says the delusional troll. What was that about his predictions again for DJIA 20K? That’s right you can now shut up.

        • Malcolm Reynolds

          Jazz has done well and can roll with the changes..
          And you know this how? Be specific. You’ve seen his broker’s trade sheets REQUIRED by the FCC? Well no, you most certainly haven’t.
          200+% in one year is the stuff of miracles and unicorns and he’s most certainly lying so, again, you know what exactly?

    • Kim

      Don’t forget Jazz and Dow to 25k. Lol

      • SunnyFlaSnotress

        Some day it would entertaining to hear of your trading experiences.. Let’s face it, you likely have none.

        • Rorschach

          Looks like somebody is really hurt Sunny. You have no real experience other than trolling and insulting this websites/blog author. So what do you have to show for your lousy, pathetic life troll?

        • Malcolm Reynolds

          Some day it would be entertaining to find out just how low info you were after this shakes out. Let’s face it, you’re likely to end up on your back turning tricks for Trix.

          • SunnyFlaSnotress

            Malcolm, I can still buy a house in cash, and have no debt, so I’m likely to do better than most. I’m able to legally earn income on my own vs moochin on the govt like you. I have many more resources than most people.

          • Rorschach

            Nice assumption that he is mooching on the government. The reality is that you are probably the same mooch or leech.

          • SunnyFlaSnotress

            Notice he won’t deny it.. not that it would be believable

          • Rorschach

            Have you considered that he is not available every second or minute to respond to your ridiculous posts and idiocy or is that just another one of your stupid troll moments.

          • SunnyFlaSnotress

            no

          • Rorschach

            Of course not. Typical troll behavior.

          • Malcolm Reynolds

            I’m able to legally earn income on my own vs moochin on the govt like you.
            outright lies coupled with ridiculous … uhhh yea … outright lies. It’s funny how the most uninformed, ridiculous liars (based on the idiotic crap you people spew) on the board are always the richest people. Color me shocked I say! Sorry honey, you’re not smart enough and nobody is believes you.

        • Kim

          Try as much as you may- I refuse to engage you in a verbal name-calling and personal insult contest. :-)

          Carry on . . .

          • SunnyFlaSnotress

            As I thought.. evading the simple question.. none, yet you poke at people who actually know something.

          • Kim

            I don’t owe you a thing. I have never poked people here. I don’t even know what that means. That doesn’t mean certain members don’t annoy me.

            Listen sweetie, I’m not here to trade insults or argue with you. I don’t care what you think of me (trollop, know-nothing and whatever other insult u have for me). But you seem to enjoy the drama so I won’t try to stop you. I have to get back to work now.

      • Bill G Wilminton NC

        Also at the bar………….

      • Cocopuffs

        He mentioned the important one, Alwaystomorrow.

    • VigilanteCaregiver

      Are they still around? HA!

      Probably lost their troll funding: the DNC is heavily in debt.

    • Bill G Wilminton NC

      There at the bar……………….

    • Alwaystomorrow

      You Rang? :-)

  • max gon

    Michael your right, this new global financial crisis is picking up speed. Like I said before, people get ready, this is the year that hell is going to break loose. The economic collapse is for real now.

  • Damn. EVERYONE is hopping all over this 0hedge is really blowing up. China will devalue again – it was a massive pump that got them there, what did anyone think would happen?

    By the way, 2000 pts on S&P is NOT a psychological barrier. It ain’t even really a support level. It got to that mark after successive QE and only has been there for a year. It takes a lot longer to form a psychological trading point. Think oil from 1950-1970 or the GBP/USD from 2009 to now. Sideways for a long time. That is what forms a psychological barrier. Not a seven year run up of an index.

    I hope China’s days of primacy are over.

    Good Luck and May Your Dow Never Jones!

    • HeyAHuman

      Yeah, 2000 points is definitely a psychological threshold.

  • Cesare

    I used to follow this blog, but stopped after it started to feel like the author was crying wolf one too many times. 2011? No. 2012, 13, 14, 15? No. But with the events of the last few months, I’m starting to think he was right after all.

    It’s all starting to happen now. The atmosphere is starting to change. It’s subtle, but you can feel it if you pay attention, even in the mainstream. The fear, the loss of confidence in the recovery. It’s like 2007 all over again.

    • Rick

      It’s worse, 2008 crash came out of the blue, and we had our heros McCain, Bush, and Obama ready to save the day with TARP. We had the Fed chomping at the bit to kick into what was a very lucrative QE program for them (exclusively). Today we have none of the above with the exception of obama, who as a muslim is working us in the opposite direction of rescue. What this tells me is that this time we can count on and will see war. Most likely two of them taking place at the same time. WWIII, and our own civil war. The two will morph into one and we’ll have a great battle on our own soil for the first time since the Revolutionary War. Just my thought on the matter…might not even be worth 2 cents.

      • Rorschach

        Keep in mind that TARP and the safety net provided to weather the 2008 crisis is no longer valid and viable. This won’t be a 2008 crisis but something much larger in scale and likely a full blown derivatives crisis.

        • Rick

          Right, I wasn’t even factoring the derivative scam.

          • Rorschach

            Derivatives, student loan, auto subprime, real-estate subprime, you name it. The factors and patterns are still here that led up to the peak of ’08.

          • Bill G Wilminton NC

            The debt was never settled in 08…..you are correct.

        • Bill G Wilminton NC

          Well said Mr Rorschach…..Derivatives is the big dark hole that no one ( starting with Warren Buffet ) can figure out. It is the unregulated financial DEATH STAR heading our way. And put in place by those that are working for NWO. Derivatives are the needed catalyst for the destruction of the world financial system. Then The Man of Perdition will show his face and step to the forefront of World Political Scene.

      • Lennie Pike

        A reset of debt and cashless system followed immediately by WW3, or WW3 followed by a cashless system are the only two options they’ve got left to remain in power if you ask me, and the short fuse of the weapons of financial mass destruction has been lit.

        We don’t have to allow ourselves to be destroyed by these criminals that enslave and control with their fiat money. We can easily chose to use our money and not theirs. All it would take would be for the list of the criminals to be completed, the arrests to be made, and the U.S. Constitution enforced.

        • DrM

          WW3 could be the prophesied Gog-Magog war and the cashless society will be enforced by the antichrist himself, reed revelations 13 about the mark of the beast.

          • Bill G Wilminton NC

            If you read The Bible you know of The Rapture……those that love Yeshua ( Jesus ) will be gone !

          • DrM

            But other christians believe in the mid-trib, post-trib or pre-wrath rapture. I am not quite sure that the rapture will happen before the Great Tribulation starts. We christians could see the antichrist rising to power and making a covenant with Israel.

          • Bill G Wilminton NC

            The great restrainer The Holy Spirit will leave the earth before the Tribulation. The Holy Spirit lives in us so for the Holy Spirit to go we are gone with Him The antichrist cannot appear while The Restrainer is on earth.

          • GSOB

            God the Father, God the Son and God the Holy Spirit – in their wisdom – have decided to keep us here.
            AMEN

          • Bill G Wilminton NC

            We are here till Yeshua comes to get His Bride…………

          • GSOB

            Romans 8:16 &
            1 John 3:1

          • GSOB

            Remember…. Satan is a liar.
            He is a force still working against Christ as He continues to build His church.
            Satan joins the church as an angel of light. Paul said it would happen from among the believers themselves…. that is those who profess a faith in Christ and then have a teaching that differs from what Paul taught.
            Here, an ‘angel’ of light, in order to deceive, is really a messenger…. that is, a human messenger.
            You see…. we were all once captive to Satan’s fallen world.
            Our mind was totally strapped, in league with Satan – before Christ set us free.
            Be transformed by the renewing of your mind.
            It is the truth that sets Christians free.
            God is faithful and we are in a spiritual battle…I hope you understand.
            You have to think in different categories. The unregenerate goes to Hollywood for Satan’s version of that.

          • The rapture is a lie. Jesus Christ confirmed the covenant -not- the Antichrist. There is no gap between the 69th & 70th week. You have given away the birthright you should have had to a still anti-Christ nation. You have committed the sin of Esau. Answers .global

          • Bill G Wilminton NC

            The Jewish people are the chosen people and God made an irrevocable covenant with them.

            The antichrist confirms nothing but evil.

            Israel is still a secular nation but in The Last Days will come to know Yeshua Ha-Mashiach ( Jesus the Messiah )

            Also there are now about 15,000 -20,000 Messianic Jews in Israel and more every week.

          • You are wrong Bill.

            The only way to cure racism is to go from the physical family to the spiritual family.

            Who are these people?

            They are truth seekers where there is no race or politics or language barriers in the spirit. They are the people from around the world who speak the “original copy” of the message once delivered to the saints at the cross. That message is spiritual and it is outside of the ways of this world. They, us, you, we, are the ones of the very few who understand what it means to make the journey from death to life just like Jesus told Nicodemus a long time ago. Nicodemus didn’t understand what being born again as spiritual Israel meant. He thought it had to do with a physical rebirth (of the way things were always done in the past).

            What Jesus was saying was that it was necessary to be born of water (physical birth) -and- the spirit (spiritual rebirth). Nowadays, people misappropriate that meaning to their own personalized feelings. This has to do with being chosen. It has to do with family. It has to do with speaking the same saved message that He was telling Nicodemus.

            Many are called, few chosen.

            Being chosen has nothing to do with race anymore since the time of the Cross but, with putting oneself in a position to be chosen.

            It has to do with speaking the same spiritual language which went from the “chosen” physical race of the Jews to the “chosen” spiritual race of the Jews (Romans 2:28-29).

            KJV:
            28 For he is not a Jew, which is one outwardly; neither is that circumcision, which is outward in the flesh: 29 But he is a Jew, which is one inwardly; and circumcision (new beginning) is that of the heart, in the spirit, and not in the letter; whose praise is not of men, but of God.
            (emphasis mine)

            Amplified:
            28 For he is not a [real] Jew who is only one outwardly and publicly, nor is [true] circumcision something external and physical.
            29 But he is a Jew who is one inwardly, and [true] circumcision is of the heart, a spiritual and not a literal [matter]. His praise is not from men but from God.

            What God did was absolutely amazing at the cross; He took a physical group of people that rejected Him and “translated” the reborn lost sheep of the House of Israel in to a spiritual chosen people. Amazing!

            And that is the language we speak.

            No matter where you come from in the world,

            You are a remnant chosen believer.

            And you are much loved!

            Why?

            Because you are family.

            Scott Sepanek
            Answers. global
            144Thousand. com
            LetsGetPeopleSaved .com
            Copy, Post and Send this message out far and wide in the world and let everyone know.

            ​Or, just show this site to others and read the message…

          • GSOB

            Though I am concerned with much of what you wrote…. the part I am sure you are correct is the need for regeneration.
            Praise you Brother.

          • GSOB

            ….God made an irrevocable covenant with them…..
            God has provided the New Covenant in which is the Israel of God, including both Jew and Gentile……
            Move forward….
            Don’t go backward.
            There is no longer Jew or Gentile, slave or free, male or female exclusivity….
            but One New Man in Christ.
            Put on Christ. He is the preeminate One and it is a ‘union’ brought about by the Father through the Spirit that we are born again in our spirit.
            He who is joined to the Lord is one Spirit with Him. We are the temple of God.
            Do not be deceived or led astray.
            Do not go back to Judaism with it’s shadows and types.

          • Bill G Wilminton NC

            The Tribulation has not come and gone……the Restrainer the Holy Spirit will leave the earth before the man of perdition is revealed and The Holy Spirit lives in those that are of Yeshua (Jesus ). So when The Holy Spirit leaves the earth we go also because He lives in us.

          • GSOB

            A no, would have sufficed.
            You are trapped in dispensationalist teaching and I pray that the Lord will enlighten you to see that and acknowledge that for yourself, in His time.
            As someone else here said…. you have sold your birthright….
            Well, I don’t think so but… nevertheless… it is tragic to see how disarming Satan has been.

          • Bill G Wilminton NC

            Thanks for your concern I am a Biblical researcher and study the Old Testament (The Tanakh and the Torah ) from the Jewish perpective.

            Also study the New Testament and apply all the Jewish feasts for correct dating. For instance Yeshua birthday is not Dec 25 and the dating of Easter is wrong.

            I believe That Yeshua is Coming Soon………………

          • GSOB

            The early church did not celebrate His birth. It is a misnomer to be an orthodox Jew in Judaism and miss Christ.

          • Bill G Wilminton NC

            Most early followers were Jewish and there was nothing called a church. They met in homes.

            Thru the Jewish feasts you can almost pinpoint the birth and/or conception.

            There are now in Israel 15,000-20,000 Messianic Jews. Jews that know that Yeshua ( Jesus) is the Mashiach ( Messiah).

            In the USA there are now upwards of 100,000 Messianic Jews….and growing.

            Shalom

          • GSOB

            I love half of what you say….. up until ‘givin up your birthright’
            It really is the work of Satan….
            lies…..

          • I’m not going to argue with you (whatever your name is). You have made your decision. Just remember, it was your decision..

          • GSOB

            GSOB

          • Lennie Pike

            Easily could be, I agree.

            I just hope there’s a window in between when gold and silver skyrocket in price so I can buy the Gunboat catamaran (among other toys) I would like to have to fight them guerrilla style on the high seas. If not, on land is o.k..

            The only part of the Bible I’m not wild about is the part about being arrested for being a Christian Believer and standing trial in front of Judges and letting the Holy Spirit tell me what to say. I know I should, but just can’t.

          • If you want the real answer go visit 144Thousand .com

        • Bill G Wilminton NC

          Lennie those making the list are the criminals………….

          • Lennie Pike

            They’re the only ones making one that’s true, and I’d say we’re all on it – good.

          • Bill G Wilminton NC

            You are thinking that THEY ( the traitors ) would put their names on the traitor list ???????

          • Lennie Pike

            Sorry if I wasn’t clear again.

            No, I meant to say obviously that the traitors are the only ones making a list, a list with only our names on it. It would be nice if some of them included their names on their list, but I think the chances of that happening are pretty slim.

            We, all of us who are the enemies of thug unconstitutional fascist totalitarianism need to make our own list consisting of only their names, and imprison them for being criminals and traitors to the U.S.. To carry out the penalty of treachery is not absolutely necessary in my opinion, but they need to taken off the streets. If somehow they are able to remain in control from inside prison, then hey, they were given their chance.

            I started that list, remember? A group of patriotic U.S. Military Members if there are any left in the military, should complete the list, make the arrests and enforce the U.S. Constitution as they swore to do when they took the oath – if they did – or still do.

            I’m sure that millions of people like you and I would be happy to help them.

          • Bill G Wilminton NC

            Great post lennie but I am getting the feeling that we may be beyond the beyond ( Irish expression ) and with the amount of people that don’t get it.
            They still listen to MSM and support the dem or repub political system not being able to THINK that no matter who gets in the DEBT goes up and our kids get dumber, more addicted, and go to school looking like the poster child from a GAY parade.

            I believe when you take God out of your culture the clock starts ticking as HE ( GOD) wants us with HIM so he knows that certain things get our attention back TO HIM and hard and difficult times is one of them. Not that he wants hard times for us but our life here is about going to HIM for eternity not wearing Armani dresses or driving lamborghini ‘s.

            I think our country is being judged and Jesus is coming for HIS bride real soon. Shalom

          • Lennie Pike

            I agree, and as you always say – well said!

            I know you’re right, but I always go out fighting, and down with the ship. Even if I know it may be against God’s will it is completely against my nature to give in to these types that have no love for others. I know people can change through God’s forgiveness, but to the attempted satanic takeover of the world is a different situation and those participating to achieve it are fair game. I just can’t sit back and do nothing even though I know the attempt is going to be made (is being made) anyway.

        • Rick

          I totally agree, but who will the enforcers be? It took 7 years for the weak brittle old teet sucking GOP which has controlled much of Congress over this term, to even breath the word impeachment. So if we cannot even impeach the criminals, how are we going to arrest them and convict them?

      • AzDi

        Everything they did, only made it worse. WE are paying for it now. There was no recovery after 2008. More unemployment, less jobs, more welfare and food stamps, etc, etc.

        • Bill G Wilminton NC

          well said and right on target………

      • watchmannonthewall

        Actually, 2008 did not come out of the blue. I had just finished working in an MSF in a school that taught Austrian economics, March 2006, and told my new co-workers we would be in a deep recession within 18 months. They did not believe it. I think I missed it by a couple of months but still pretty good. I had an interview with a firm early last year and was presented a chart that showed about 80% of the sales activity of used homes in 2006- 2008 was due to repossessions. It wasn’t out of the blue! It was buried, just as what has been going on for the last 18 months has been buried!

        Even as a newbie in finance it was apparent companies were not going to be able to continue their economic growth activity after the FED raised interest rates 17 times in a row. The FED, with all of their PHD’ers, was fully aware of this. The collapse was planned as has been the current ongoing one. They have to get fully positioned to take maximum advantage when they pull the rug.

        Corporate planners are looking out at least 5 years, if not 10, and a quick jump in rates of 4-5% causes many projects to be abandoned. Also the rise in rates allows the big boys, who know and understand the con game, to come in and buy up assets for pennies on the dollar, as they have and do.

        The shale development firms will likely be the next to be picked over by the vultures. I have learned a lot about finance from these alternative media sites but there is an awful lot to know that isn’t covered in school.
        Kudos to Michael for his work and the information he and his researchers, he must have some, present.

      • Rorschach

        2008 was predicted by quite a few economists and even banking institutions. BIS warned ahead of time, so did the IMF and individuals as well. Many choose to ignore the warnings and continue onward.

        • Mike Smithy

          I can hear the CNBS cheerleaders right now. Once the dust settles, they will proclaim “Who could have seen it coming”?

        • Malcolm Reynolds

          So did President Bush (whom I loathe), and yet somehow or other, to the droolers on the left, it was entirely is fault.

      • Isaac

        How do you know he is a muslim? Did he tell you? He said he is a Christian and goes to church. Is he a communist as well?

        • Rick

          Isaac, people with discernment will look at a persons actions and judge for themselves whether their words are congruent with their activities. And yes, I would say both his words and actions can lead us to a pretty solid conclusion that not only is he communist leaning, but a criminal one at that.
          Here’s an example of your flawed naive way of reasoning: apparently if I tell you I am a lawyer, you will believe me blindly, and commence to fork over whatever fees I charge you regardless of what my actions are, and how effective or ineffective they might be in the legal world.

    • Let them eat cake

      Everything is going to be just fine. Don’t worry.

  • Wizard of Aus

    The ASX was down again today over 100 points. Things are getting very scary down here with a lot of wealth wiped off the sharemarket. There are mining towns collapsing, people with depression and business closing down.

    • Mad Monkey

      I was retrenched in the coal mines now in gold, which is the only thing going up. It seems to me fundamentals are starting to work, US dollar going up up, gold up $40 on fear(more needs to be said about gold), markets crashing despite massive intervention.
      One has to wonder how many CEO the Chinese are going to arrest and start executing as last ditch effort to sure up markets.

    • New Java

      Oddly, things are booming in the USA. I guess with gas prices halved, people have more money. Prices have jumped, but paying the rent is easier.

    • Bill G Wilminton NC

      I have heard nor read any reports of Australia……that sounds bad.

  • VegasBob

    US stocks were in a stealth bear market during the last half of 2015. It was only the FANG stocks – Facebook, Amazon, Netflix and Google (now known as Alphabet) that were keeping the markets propped up for the past 6 months.

    Most of the market participants I know were down 10-15% for the year, and I think they’re going to get slaughtered this year.

    Perhaps Mr. Bubble has finally met Mr. Pin.

    Asset holders are always happy to see bubbles inflate the value of their holdings and make up an assortment of excuses as to why the markets are not bubbles. And they keep making the same excuses as the markets plunge – “it’ll come back.”

    I think there’s a chance this may be the beginning of the definitive plunge – nearly as bad as or maybe worse than the peak to trough 89% stock market decline during the Depression years of the 1930s.

    Time will tell, but I’m glad I’m not holding stocks just now.

    • New Java

      VegasBob, when/if it ever happens, it will be FAR, FAR, FAR worse than the 1930’s. Americans are simply zombies at this time.

      • Bill G Wilminton NC

        In the 20’s and 30’s our farm workforce was huge and most of the population lived rural on these small family farms. We were a very INDEPENDENT people with many survival skills which at that time was simply everyday living ( like hunting, skinning, raising of sheep pigs chickens etc. ) or just plain farming.

        But now…… the populace has been ZOMBIEFIED stuck on the TV and dependent on the government.

        • Lennie Pike

          Dependent on imported everything including food and labor too – luckily guns and ammo being the one exception.

  • Saving Grace

    We will most likely have to get below 16,000 on the Dow and 1900 S&P for the big margin selling to kick in. At this rate could happen rapidly!

    • New Java

      They won’t let it happen. Simply won’t. They pumped the market on the last move. They will be vigilante to pump earlier this time.

      I think we’ll see some other sort of break before the market. Maybe larger war. Probably China has months or years before their “leaders” use the war option to distract and control the billion.

      • Rorschach

        “They won’t let it happen. Simply won’t. They pumped the market on the last move. They will be vigilante to pump earlier this time.”

        Yet each time the PPT tries to pump the market the more ineffective it becomes. The rate hike merely accelerated things and with a true black-swan event on the horizon kicking the can down the road is only good for so long.

    • Bill G Wilminton NC

      Oh boy we have such nice times coming up…..

  • Cyber Revengeance

    The market turmoil will remain for at least one week. China must stop the devaluation of its currency.

    • XSANDIEGOCA

      What does the 1200 pound Dragon do? Anything he wants….

      • Bill G Wilminton NC

        lol that was good

        Shalom

  • HeyAHuman

    Dow is down 390 points in the pre-markets at the moment. It’s getting interesting…

  • Itscoming

    Holy crap. Europe is plunging. DOW futures going past -430 points. Get the popcorn ready when NYSE opens at 9:30. This is as bad as I’ve ever seen at this hour.

    • mtntrek3

      Just saw that……. not looking good.

      • Mike Smithy

        I think it looks fantastic.

        • Bill G Wilminton NC

          Scary part of this is that The USA is not mentioned at all in The Biblical End Times. If you believe in the Rapture like I…….we will not be here for The Last days.

          Shalom

          • Lennie Pike

            Like I keep asking – then where is it that is being described in Revelation chapters 17 and 18?

          • SMASH THE CONTROL MACHINE

            OH WE ARE IN THERE WE ARE CALLEDUnderstanding who THE PLAYERS ARE is essential if you are to come to any understanding of THE TRUTH OF BIBLE PROPHECY, and why world events are happening as they are. Remember that Jesus warned us that DECEPTION was the KEY TO THE RISE OF ANTICHRIST. That means HE COMES TO POWER IN A PLACE NOT RECOGNIZED, AT A TIME NOT RECOGNIZED, and IN A MANNER NOT RECOGNIZED even by the vast majority of God’s people, let alone the world at large. The prophetic world today is in a DEEP DELUSION, and they are looking in the WRONG AREA for the rise of the antichrist forces and LUCIFER.

            We begin with an understanding of THE ACTUAL PARAMETERS that God laid down to IDENTIFY THE CHIEF PLAYER OF THE END TIMES – BABYLON THE GREAT, THAT MIGHTY END TIME NATION THAT THINKS ITS LIFE IS ETERNAL, AND WILL NEVER SEE SORROW.

            WHAT THE PROPHETS SAID ABOUT BABYLON

            1. Babylon would be an END TIME GREAT NATION (Rev 17,18; Isa 13:6).2. Babylon would have a huge seaport city within its borders (Rev 18:17).

            3. The Great City Babylon is the home of a world government attempt (Rev 17:18).

            4. The Great City Babylon would be the economic nerve center of the world (Rev 18:3).

            5. Babylon would be the center of a one world Luciferian religious movement (Jer 51:44).

            6. Babylon would be the center for the move to a global economic order (Rev 13:16).BABYLON THE NATION

            1. Babylon would be the youngest and greatest of the end time nations (Jer 50:12).

            2. Babylon would the QUEEN AMONG THE NATIONS (Isa 47:5,7; Rev 18:7).

            3. Babylon would be the most powerful nation in the world (Isa 47, Jer 50, 51, Rev 18).

            4. Babylon would be the HAMMER OF THE WHOLE EARTH (Jer 50:23; Rev 18:23).

            5. Babylon is called a lady, and has the symbol of the Lady (Isa 47:7-9).

            6. Babylon would be the praise of the WHOLE EARTH (Jer 51:41).

            7. Babylon is center of world trade (Jer 51:44; Rev 17:18; 18:19).

            8. Babylon would grow to be the richest nation in the world (Rev 18:3, 7, 19, 23).

            9. All nations that traded with Babylon would grow rich (Rev 18:3).

            10. The merchants of Babylon were the GREAT MEN OF THE EARTH (Rev 18:23).

            11. Babylon is a huge nation, with lands, cities, and great wealth (implied throughout).

            12. Babylon is nation “peeled”, or timbered, a land of open fields (Isa 18:2).

            13. Babylon is land quartered by mighty rivers (Isa 18:2).

            14. Babylon is a land that is measured out, and populated throughout (Isa 18:2).

            15. Babylon destroys her own land, with pollution and waste (Isa 14:20, 18:2, 7).

            16. Babylon is a land rich in mineral wealth (Jer 51:13).

            17. Babylon is a the leading agricultural nation of the world (Jer 50, 51; Rev 18).

            18. Babylon is the leading exporting nation in the world (Jer 51:13; Rev 18).

            19. Babylon is the leading importing nation of the entire world.(Jer 50, 51; Rev 18).

            20. Babylon is a nation filled with warehouses and granaries (Jer 50:26).

            21. Babylon is the leading INDUSTRIAL NATION OF THE WORLD (Isa 13, 47, Jer 50, 51; Rev 18).

            22. Babylon is noted for her horses (Jer 50:37).

            23. Babylon is noted for her cattle, sheep and other livestock (Jer 50:26, 27; Rev 18:13).

            24. Babylon is noted for her fine flour and mill operations (Rev 18:13).

            25. Babylon is a nation of farmers and harvests huge crops (Jer 50:16, 26, 27).

            26. Babylon is a huge exporter of MUSIC (Rev 18:22).

            27. Babylon’s musicians are known around the world (Rev 18:22)

            28. Babylon has a huge aviation program (Isa 14:13-14; Jer 51:53; Hab 1:6-10).

            29. Babylon’s skies are filled with the whisper of aircraft wings (Isa 18:1; Jer 51:53).

            30. Babylon has a huge space industry, has “mounted up to the heavens” (Jer 51:53).

            31. Babylon fortifies her skies with a huge military aviation program (Jer 51:53).

            32. Babylon is portrayed as a leading in high tech weapons and abilities (Jer 51:53; Hab 1:6-10; implied throughout).

            33. Babylon is a nation filled with warm water seaports (Rev 18:17-19).

            34. Babylon is a coastal nation and sits upon MANY WATERS (Jer 51:13).

            35. Babylon trades with all who have ships in the sea year round (Rev 18:17-18).

            36. Babylon is nation filled with a “mingled” people (Jer 50:37).

            37. Babylon is a SINGULAR NATION founded upon OUT OF MANY, ONE (Isa 13, 47, Jer 50, 51, Hab 1).

            38. Babylon is a REPUBLIC or a DEMOCRACY, it is ruled by many counsels (Isa 47:13).

            39. Babylon’s governmental system breaks down (Isa 47:13).

            40. Babylon is bogged down with deliberations and cannot govern properly (Isa 47:13).

            41. Babylon’s leaders use astrology, seers and mystics for guidance (Isa 47:13; Rev 18:2).

            42. Babylon labored in the occult from her very inception (Isa 47:12).

            43. Babylon falls to the occult just before her end by nuclear fire (Rev 18:2)

            44. Babylon was born as a CHRISTIAN NATION (Jer 50:12).

            45. Babylon turns upon its heritage and destroys it all in the end (Jer 50:11).

            46. Babylon’s Christian leaders lead their flock astray in prophecy and salvation (Jer 50:6; implied Rev 18:2).

            47. Babylon’s Christian leaders are “strangers” in the Lord Houses of Worship (Jer 51:51).

            48. The people of Babylon are deep into astrology and spiritism (Isa 47:12; Rev 18:2).

            49. Babylon becomes the home of all antichrist religions in the world (Rev 18:2).

            50. Babylon is a nation of religious confusion (Isa 47:12-13).

            51. Babylon turns upon its own people and imprisons and slays them by millions (Jer 50:7,33; 51:35; 39; Dan 7:25; Rev 13:7; 17:6; 18:24).

            52. Babylon sets of detention centers for Jews and Christians and rounds them up for extermination (Jer 50:7, 33; 51:35, 49; Rev 17:6; 18:24).

            53. Babylon has a mother nation that remains in existence from her birth to death (Jer 50: 12).

            54. The mother of Babylon has the symbol of the LION (Dan7:4; Eze 38:13; Jer 51:38; Psalms 17:12).

            55. The mother of Babylon will rule over her daughter her entire life (Dan 7:4; Jer 50:12).

            56. The mother of Babylon will be a state of major decline as the end nears (Jer 50:12).

            57. Babylon is considered to be a lion’s whelp (Eze 38:13; Jer 51:38).

            58. Babylon will have the symbol of the EAGLE and builds her nest in the stars (Dan 7:4 EAGLE WINGS; Isa 14:13-14; Jer 51:53).

            59. Babylon turns totally antichrist and is the leading antichrist power at the end (Rev 18:2; Isa 14:4-6).

            60. THE KING OF BABYLON is called LUCIFER, the ANTICHRIST (Isa 14:4-6).

            61. The King of Babylon will rule from THE GREAT CITY BABYLON (Isa 14:4-6; Rev 17: 18).

            62. A world government entity will rise up to rule the world from BABYLON THE CITY (Isa 14; Hab 2, Rev 13, 17, 18).

            63. This world entity will be a diverse entity, different than all other ruling bodies of the world (Dan 7:7, 23).

            64. This entity will be a TREATY POWER ENTITY (Dan 7:7, 23 DIVERSE).

            65. This entity will rise up and use the military power of Babylon the nation to RULE THE WORLD (Isa 14:4-6; Hab 1 & 2, Rev 13, 17).

            66. Babylon is a huge producer and exporter of automobiles (Jer 50:37; Rev 18:13).

            67. Babylon is a nation of CRAFTSMEN, experts in their trade (Jer 50, 51, Rev 18:22).

            68. Babylon is noted for her jewelry of gold and silver (Rev 18:22).

            69. Babylon is a huge importer and exporter of spices (Rev 18:13).

            70. Babylon is a huge exporter of fine marble products (Rev 18:22).

            71. Babylon is noted for her iron and steel production (Rev 18:12).

            72. Babylon has huge corporations that have bases around the world (Rev 18:23, implied throughout)

            73. Babylon is a nation of higher education and learning (Isa 47:10, implied throughout).

            74. Babylon is a nation with a GREAT VOICE in world affairs (Jer 51:55)

            75. Babylon is a VIRGIN NATION, untouched by major war (Isa 47:1).

            76. Babylon has a vast military machine (Jer 50:36; 51:30; Hab 1 & 2, Rev 13:4).

            77. Babylon will be instrumental in the setting up of Israel in the Middle East, and is the home of God’s people (Jer 50:47; 51:45).

            78. Babylon will have a major enemy to her north (Jer 50:3, 9, 41).

            79. Babylon’s enemy will lie on the opposite side of the world, over the poles (Isa 13:5)

            80. The enemy of Babylon will be a FEDERAL OF NATIONS (Jer 50:9).

            81. The enemy of Babylon will be largely Moslem in make-up (Jer 50:17; Rev 17:16; Psalms 83:5-12).

            82. The enemy of Babylon will have nuclear missiles capable of reaching Babylon (Jer 50:9, 14,; Rev 18:8, 18).

            83. The enemy of Babylon will be noted for her cruelty (Isa 13, 14, Jer 50, 51, Rev 17, 18).

            84. The enemy of Babylon will also have a huge aviation military machine (Jer 50:9, 14, Rev 18:8, 18 implied throughout).

            85. The enemy of Babylon will come into Babylon unnoticed (Isa 47:11, Jer 50:24; 51:2, 14).

            86. Babylon will be filled with her enemies brought in under the guise of peace (Dan 11:21).

            87. Babylon will have all of her borders cut off, and there will be no way of

            escape (Jer 50:28; 51:32).

            88. Babylon will be destroyed by nuclear fire (Implied throughout)

            89. Babylon is land vast land with huge cities, towns and villages throughout (Implied throughout).

            90. Babylon will have been a huge missionary nation for Jesus Christ (Jer 50:11; 51:7).

            91. Babylon would be a home to multitudes of Jews who leave (Jer 50:4-6, 8; 51:6, 45)

            92. The people of Babylon would not know their true identity (Jer 50:6, implied throughout).

            93. The people of Babylon would think they are God’s elect and eternal (Isa 47:7-8, Rev 18:7).

            94. The people of Babylon would enjoy the highest standard of living in the world (Rev 18:7).

            95. The people of Babylon would grow mad upon their idols (Jer 50:2, 38; Hab 2:18).

            96. The people of Babylon would go into deep sins of all kinds (Rev 18:5).

            97. The nation Babylon dwells carelessly before the Lord (Isa 47:8).

            98. Babylon becomes proud, haughty, and does not consider her end (Isa 47:7-8).

            99. Babylon deals in the occult, in sorceries and drugs (Isa 47:9, 12; Rev 18:23)These are but a few of the many parameters listed to help us identify this last great nation that the Lord calls BABYLON THE GREAT. America does now, or is in the process of fulfilling each and every one of them. No other nation upon the face of the earth can fulfill these parameters. AMERICA IS BABYLON THE GREAT. There would likewise be a series of SIGNS that would would begin to emerge that would give BIRTH TO, and WATCH THE RISE OF, as well as THE FALL OF AMERICA-BABYLON.

          • GSOB

            Brother, you need to come out from under that ministry. You have skewed emphasis. You have been taught to miss the mark. It is not edifying you, but puffing you up, with others.Colossians 2:18, 19

            Christ is the Rock on which to stand…not sensationalism. Mercy triumphs over misplaced judgment.
            Can’t see the forest from the trees.
            Babylon is not the focus of the Divine Revelation.

            It is Christ!
            Christ is to be your everything.

            We need to know Christ in so many ways.

        • mtntrek3

          Yes, we do need some corrections from time to time. It’s just that our economy…. what there is of it, has been propped up by the Fed’s printing presses for quite some time. We’re no where close to recovering jobs lost in ’08. Many of the better paying jobs lost then were replaced w/ lesser paying jobs. Can’t do business with people that have no money as Perot said years ago. One day there will be a collapse of our faltering economy the way we’re headed. Not that I want it for God’s sake but it’s coming. I’ll have to disagree w/Trump-Cruz statement. Anyway, take care.

    • jaxon64

      Yes–I woke up early today at 5 am..don’t have to leave for work until 7am..just turned on some news and checked the asia markets on-line. There is real panic this time.
      The FED or whomever better have the plunge protection team ready and their shill buyers on the phones. This has gotta be nipped in the bud early today or it could get out of hand.

      • New Java

        I’ve seen the couple trillion whipsaw in the market. But overall market looks like a huge top. So, can the elites print that much more money? We are talking $17T debt, $14T mutual fund holdings, around $2T slosh money. What other major factors? I would think they can keep it up nominally. Basically, that IS what they are doing. As gas prices plummet, prices on goods continue to jump; so, elites ARE printing debt-money to drive up the market and prices.

    • Mike Smithy

      Party on Wayne, Party on Garth.

  • mtntrek3

    The longer the correction is delayed, the bigger it will be. This may be the “big one”…….. possibly not. It’s a wonder we didn’t all fall off the financial cliff in ’08. Fed propping things up delayed the inevitable. Sounds like China now doing the same. A matter of time. I will be the first to wish a horrible depression never happens,however…….. . Keeping my faith in the Lord as a fallible sinner and loving his mercy. God help us all.

    • jaxon64

      Agreed–I am happy and financially comfortable at this point in my life.
      I love my family, warm home and I have a job where I get paid to care for others. I don’t want a collapse-for my daughter’s sake, for my granddaughter’s future and for all of the other children and young adults who had nothing to do with this giant financial scam which is about to come to its inevitable end.
      I’d like longer to prepare. I have done so little by little but not nearly enough for a protracted period of time.
      If we do get a “reset” soon, I hope it is relatively quick.

      • mtntrek3

        Yes…… hopefully it’s just another reset as you say and not the beginning of the collapse that’s coming. I agree it’s not fair to the younger generations. I suppose though that’s the way much of life is however. We’ve done some prepping for tough times also. Best wishes….take care.

    • Bill G Wilminton NC

      Amen brother……….

      Shalom

  • SMASH THE CONTROL MACHINE

    Go to now, ye rich men, weep and howl for your miseries that shall come upon you.

    2 Your riches are corrupted, and your garments are motheaten.

    3 Your gold and silver is cankered; and the rust of them shall be a witness against you, and shall eat your flesh as it were fire. Ye have heaped treasure together for the last days.

    4 Behold, the hire of the labourers who have reaped down your fields, which is of you kept back by fraud, crieth: and the cries of them which have reaped are entered into the ears of the Lord of sabaoth.

    5 Ye have lived in pleasure on the earth, and been wanton; ye have nourished your hearts, as in a day of slaughter.

    6 Ye have condemned and killed the just; and he doth not resist you.

    • Kat T

      Need to note verse 3. Gold and silver cankered. The recovery from this will not be from anything from or on this earth. Disaster for some, for others? Rescued!

    • df NJ

      Silver does not “rust”. It becomes “tarnished” but it’s a very slow process that only occurs on its surface.

      Gold never reacts with oxygen (one of the most active elements), which means it will not rust or tarnish.

      But I will take your “cankered” comment as metaphor meaning devalued.

  • DrM

    Is the IMF planning a big reset of the current financial system and that after the reset the NWO will be installed?

    • Bill

      They hope-I don’t. Things don’t always go as planned by the elites.

  • dlewenz

    The leading economic indicators are pointing to a significant recession that could make 2008-2009 look like a cake walk. Michael has clearly demonstrated the facts with massive global debt and the end effects of not having the ability to service that debt will create a large black hole, with global implosion.

    • DrM

      And the ongoing refugee-crisis in Europe only makes things worse for the average citizen in Europe. When the whole financial system collapses, there will be no money to provide shelter and support for the refugees. So they will start looting everywhere. The conditions will be perfect for the antichrist to come to power. Will Yanis Varoufakis be the antichrist, he will start a left-wing party in Europe.

      • df NJ

        I read the 1.2 million new refugees in Germany have been helping the economy by creating more demand.

        • Mike Smithy

          Yes, I heard that the German Police placed a rather large order for more rape kits. Bullish indeed.

        • Bill G Wilminton NC

          helping the economy ? did you not read of the New Years Celebration in Cologne…..there were groups of Muslims ( the religion of peace ) committing rapes and robbery and shooting at the famous cathedral.

          And how can immigrants with no jobs no income help the economy . They are a drag on the French society just like those in the USA as they immediately go on food stamps and all social services.

          The demand that they create is for more police, bullets, and bullet proof vests. As Mike Smithy so eloquently explains directly below in his post.

      • Bill G Wilminton NC

        well said brother……. I have no idea who the man of Perdition is…….but YV is certainly a possibility…..one thing for sure HE is alive and well and in the world political system right now !….do you think he knows who he is or will the demonic spirit of the antichrist come upon him suddenly.

        Shalom

        • DrM

          Yanis Varoufakis has a demonic look in his face, he has evil eyes. I think he is very creepy.

  • John Adams

    Deathburger time! This has been building for years. How can you keep financially stable with low paying part time jobs? Every dollar printed by the FED with no backing weakens our economy – the money has no backing, no good or services. The banks and business have had a free ride with ZIRP while savers and investors suffer! It’s all gonna blow!

    • New Java

      Seems they have us just where they want us! Financially that is. Seems to me they are in complete control of the financial scheme.

    • RTL89

      Don’t speak with so much honesty and truth, or you’ll get the trolls flooding in here to tell you how economically illiterate you are

  • Bill

    By tomorrow it will be obvious that we are now experiencing climate change.
    Has anyone seen the article discussing the almost total abandonment of the Atlantic shipping lanes.
    Time to stock up for a very cold winter.

    • DrM

      Why the abandonment of the Atlantic shipping lanes? And why will it be by tomorrow obvious about experiencing climate change?

      • Bill

        This goes hand in hand with the BDI. Plot the decline of the BDI and you’ll notice that the crash has been in the works for quite awhile. Also check the link in my thread.

      • Mike Smithy

        Climate change is a scam. Every intellectually honest person knows that. It’s all about implementing a global tax to fund the NWO shadow government.

        • Bill G Wilminton NC

          Well said…absolute scam….about a global tax.

    • df NJ

      The West bound leg saw a 10% increase and the East bound leg saw a 6% drop because of currency changes. But it’s not a 100% drop. Do you have a link?

      • Bill

        Just posted it. The rest is up to Michael.

  • df NJ

    The only way improve the economy is buy creating more demand. Demand is going to come from employment which is a catch 22. The only way then to increase world demand is with Keynesian economic policies which equivalent to screaming out “God does not exist” during the middle of a church sermon.

    Or, increase worker’s wages so the ones who do have jobs start buying more goods and services. And raising worker’s wages is about as popular with CEOs as a higher marginal tax rates. At least with worker’s wages all the money gets returned back to the CEOs in the form of higher profitability. The problem with raising worker’s wages is like playing Russian roulette. The first CEO who does it will probably lose his job.

    Either way, it looks like deflation is a MUCH bigger problem facing the world economy than any other problem. We cannot stall our way out of a worsening economy.

    It’s amazing how popular Bernie Sanders FDR rhetoric is becoming. If the economy does tank, we will see Bernie Sanders as president. That is orders of magnitude more stranger than having Donald Trump as president!

    • Rorschach

      “The only way then to increase world demand is with Keynesian economic policies”

      Which has already proven to be a massive failure.

      • Ozymandias

        He misspoke “The only way then to increase world death, poverty and massive wealth inequality is with Keynesian economic policies” No wonder he likes Bernie Sanders

    • jox

      There is another way, compatible with the american way of thinking: stop the privilege that the banks have to create the money. Make the Fed public. Make them create money not based no debt. With this money, the government can lower the VAT tax, an indirect way to make this money reach everyone pocket. Yes: the good old greenbacks!

      • Bill G Wilminton NC

        Will not be easy to rid ourselves of those ELITES that control the world.

        The central banking system is ” THEIR ” OCTOPUS with tentacles around the world.

        We dont in the USA have a VAT tax yet.

        Shalom

  • alan

    They are blowing off some steam. They will print their way out of it. They always have they always will. Until they day they can’t, then they will missile their way out.

    • df NJ

      The people who have all the power and privilege right now have everything to lose from any changes or chaos. If it does come to missiles they would lose all their power and privilege. I think the people in power would simply raise workers wages if lower interest rates have no effect. They already have tons of cash and all the money will come right back to them in the form of corporate profits. The economy the markets have the strangest way of always countering conventional wisdom.

      • Rorschach

        “The people who have all the power and privilege right now have everything to lose from any changes or chaos. ”

        So why are they investing in remote locations with remote facilities for bug-out locations then if it is pointless? Why are they renovating missile silos for the end of the world situations? You obviously haven’t thought this through.

      • Mike Smithy

        Perhaps these same people of power and privilege have now taken short positions because they are part on the inside track club. The type of insider trading knowledge that Ma & Pa don’t have access to.

  • df NJ

    So far this week Michael is beginning to look like a genius again. Although I find it hard to imagine a total economic collapse things do seem like we will at least have a lot of pain. A ton of people saw Star Wars. People will still drink coke, buy toilet paper, copulate, and have babies. There are 7 billion people in the world and they are not going to stop buying products overnight.

    • Bill

      It may not be their choice.

    • Rorschach

      “and they are not going to stop buying products overnight.”

      That is if they even have the money to buy the product at all. Wages have declined or stagnated but costs and products have risen in price. It doesn’t take a genius to see that.

    • jox

      I quite agree with with you. It’s true that even in the worst moments of the great depression or in 2011/2012, cars, homes and other products were being built and sold. BUT this is a temporary situation. IF the government and central banks can do smoething, based on debt, money creation and public expending, then things start going better, as in 2014. But what if they cannot do anything, and the situation last longer, and the spiral bigger (closures, unemployment, lack of demand, few taxes money…). THEN you have a true collapse. I think we are now closer to the second situation than the first.

  • Richard Condo

    As you say Michael that 2016 is going to see things we have never witnessed….rpcnews.com agrees. The Titanic is plunging to the abyss…

    • Bill G Wilminton NC

      strap on aqualungs, ear plugs, goggles and flippers

  • Rorschach

    Looks like either PPT or Ramp Capital is attempting a rally even at this time. Just goes to show how desperate they are when the financial system is hanging by thin and fragile threads. Although the market hasn’t opened yet they attempted to manipulate the futures.

  • Ozymandias

    Straight up I have been following the economic collapse since 2013, and I only started to think it was imminent in December of 2014. And I really thought it was imminent starting in August of 2015. I was surprised they were able to keep it together this long. But I said if after this rate hike the market can’t make a new top I think its gonna rollover. Things are starting to get pretty interesting eh?

    • df NJ

      Fed seems determined to 3 or 4 more hikes in a row. Then things will get interesting. Unless we see gasoline under $1.50 per gallon really bad things are going to happen in the World. Deflation is so much worse than inflation because growth is so very hard to come by these days.

  • retired22

    For various reasons I believe that when the bottom falls out of the Global Economy the U.S.A will come out relatively better off then everyone else,America will be the least ugly contestant at the global economy beauty contest.The third world will face starvation & many 3RD world nations will became failed states.Wars will break out all over the world as desperate starving nations attempt to steal what they need for survival from their neighbors! a big part of the problem is the massive population increase the world has had in the last 115 years.In 1900 the worlds population was 1.6 billion inhabitants,….today that figure is 7.5 billion people,mostly in the 3RD world.
    Nations like Mexico were barely functioning in 1910 with a population of 12 million people,…by 2015 Mexico’s population has increased 10X to 120 million.10 million white European’s types ruling over 110 million poor,disease ridden & semi literate and unskilled Mestizo’s & Indians. This is an impossible set of circumstances which can’t go on without mass chaos & anarchy,..starving people do extreme things.

    America’s main problem,I believe,will be war with China.China’s economy is falling apart but the Communists are not about to walk away in failure because of the economy.If China’s economic situation becomes bad enough & anarchy threatens,the Communist will tighten up their rule & go back to being a rigid totalitarian state & military power will once again replace economic power. We may very well be the military target of the new./old Chinese foreign policy of 50 years ago!

  • df NJ

    I hate Obama just as much as anyone. But I hate the healthcare cartel even more. Look at the graph below. We have seen 7% inflation per year in healthcare premiums for 30 years now.

    “Over the 10-year period ending March 2015, medical CPI has increased by approximately 3.3% per year, while the MMI has increased by 7.3% per year.”

  • Richard O. Mann

    It’s all just rock and roll.

  • df NJ

    I hate Obama just as much as anyone. But I hate the healthcare cartel even more. Look at the graph below. We have seen 7% inflation per year in healthcare premiums for 30 years now.

    “Over the 10-year period ending March 2015, medical CPI has increased by approximately 3.3% per year, while the MMI has increased by 7.3% per year.”

    Put the old http in front:
    blogs-images DOT forbes DOT com/danmunro/files/2015/05/MMI20151 DOT png

  • Heinrich van Rooi

    Precisely what I mentioned here many times in October and November. It is evident when you base your analysis on technicals and however I am not surprise only stunned waht happened this week. However I did mentioned my quote in December which was : Soon very very soon the Financial Markets and economy will get the answer. Well did they got the answer?

  • Heinrich van Rooi

    Hi, Have anyone noticed what happened to the Dow in Jan 2008.Could we see a repeat. All know happened in late 2008.History is not a sure means of fireproof, but don’t be stupid to either dump it..

  • Nathan Rothschild

    Blood is in the streets. What a great buying opportunity!

    • Bill G Wilminton NC

      thanks jazz

  • Fleming_007

    Its amusing but at the same time depressing. Waited for so long for this to happen and now that it is its like huh… I’m not ready at all.

    • HeyAHuman

      3 Gs – Guns, Gold and Gardening.

      • Fleming_007

        Got the first g, working on the 3rd. No where close to getting the gold.

  • Rhialto the Marvellous

    Well, if you always meant to buy silver/gold, but just never got around to it, you’d better not dawdle any longer. Metals are on the way up.

    • jsmith

      Yes, but incredibly not many people have bought into the metals. I seem to have read that in Weimar Germany if one had an ounce of gold, you could buy a whole block of homes.

    • Rob W

      METALBIDASKCHANGEGold$1,100.20$1,102.20($8.60)Silver$14.03$14.13($0.30)Platinum$867.50$877.50$0.00Palladium$495.30$500.30$6.30
      Last Updated: 1/8/2016 7:05:33 AM ET

    • Rob W

      I just looked at gold and silver again. It’s still down.

  • jsmith

    I remember my dad telling me stories of the depression of the 1930’s, although him and his family were employed, he does remember neighbors knocking on his dads’ door to sell their homes ant rock bottom prices. There just wasn’t any money for some folks in Manchester Connecticut. I also remember all the documentaries and movies made during those times. I never thought this would happen to my generation (I’m 66) or for that matter these young kids that are coming out of college that can’t find jobs, and have incredible student debt. I hope we don’t forget that there are a lot of people out there that are in a lot of pain, that we don’t see. Of course it doesn’t help that the main street media is telling people that everything is cool and that everything is coming up roses. But then, I’m wondering if FDR was telling people the same BS

    while some people were literally starving. I’m praying and so should all of us, in that it doesn’t get as bad this time around.

  • CharlesH

    China did away with their breakers today so tonight’s (Thursday 8pm) opening should be very very interesting. Even more interesting is how the U.S. markets will react tomorrow. Black Friday anyone?

  • Barry Goldwater

    A day approaches when no one will be allowed to accumulate massive sums of money as occurs now. Planners at the UN have surmised that there is enough cash in the world right now to alleviate hunger, poverty and underdevelopment over the entire globe. The problem is that in some countries people have millions even billions while others in parts of the world will have the equivalent of maybe 300.00 per year. This is going to change soon. A new day when everyone will have something but no one will have too much awaits us all .
    Now that this has been established the next question is , how do we equalize wealth among nations ? Certainly the reader understands what has to happen and what is certainly going to happen soon ?
    Change is coming and those who’ve always worshipped the word change in the political arena are going to experience change on a level even their nightmares cannot equal. One day soon most will vomit at the mention of the word change but they will change everything.

    • Bill G Wilminton NC

      6 months after you distribute all the money equally 10% of the people will have all the money back in their hands ……..this is the way God made us some are smart and industrious and some are not.

  • GSOB

    But if Christ is in you, then even though your body is subject to death because of sin, the Spirit gives life because of righteousness.

  • rentslave

    I went to go see The Big Short today.Hopefully,housing will be next.

    • GSOB

      Was it good? Is it worth seeing?

  • Scotto Lotto

    GOVS are selling there shares from QE getting the best price they can before it really goes down, and will oil go back up in price? I thought the world was trying to stop using the stuff so no wonder its going down.

  • CF7

    Godless socialists? Try fascist, profit-driven globalists.
    Atheistic socialism, ironically, would be quite a nice change to the broken system.

    • Lennie Pike

      Fascism yes!!!

      They may be using socialism to placate and deceive the sheep so as to secure the present level of Fascism and to progress to a future form of Fascism which will be much more like that of China and the ex-Soviet Union etc., but that is not Fascism, it is deception and the buying of time.

      The Soviet Union was not Socialist, it was Fascist with criminal thugs in absolute control with zero dissent and freedom allowed. All production was not divided fairly between it’s citizens as a socialist government is supposed to – they had their 1% Party Members who lived lavishly, some more than others, with the other 99% either slaves or imprisoned or murdered. When ever criminals take control of a society, one can be sure fascism will be the form of government.

      Isn’t it easy to see that the U.S. is becoming the same thing? The surveillance police state has not been created only to keep our country safe from foreign and domestic terrorists – it’s primary use will be to crack down hard on Americans when they are confident they can get away with a form of Fascism that is hard, brutal, and violent, because only with that form will the criminals be satisfied.

      The World has always, and until Jesus Christ returns will always operate by The Golden Rule – he who has the gold makes the rules, and they will make the rules 100 percent of the time in their favor – it’s what makes them criminals.

      Americans do not write the rules in The U.S. Congress anymore, “our” representatives are told how to vote on laws that they are not even allowed to read by the ones with the gold – that is almost the definition of Fascism!

      • Lennie Pike

        Correction in first paragraph: “But that is not socialism”

  • Charlie Foley

    What is it most of you here?
    I am fully appreciative of, and grateful for, the author’s in-depth, often brilliant analysis of global markets and geopolitics.
    However, the constant references to, the ridiculous concept that is, religion, is disturbing to say the least. It is not only contradictory to knowledge, truth, science and unbiased analysis; but downright foolish, naive and quite telling of your unfortunate indoctrination.
    Some of you seem quite intelligent as well, which makes the whole situation that bit sadder.
    Come now, you so often see through the globalist corporate agenda, which is complex and intricately, subtly woven into this Western society.
    I find it utterly bamboozling that you continue to be brainwashed with this facadical ‘faith’, and allow this archaic method of thinking to direct your thoughts, feelings and actions.

  • Charlie Foley

    What is it some of you here?
    I am fully appreciative of, and grateful for, the author’s in-depth, often brilliant analysis of global markets and geopolitics. However, the constant references to, the ridiculous concept that is, religion, is disturbing to say the least. It is not only contradictory to knowledge, truth, science and unbiased analysis; but downright foolish, naive and quite telling of your unfortunate indoctrination. Some of you seem quite intelligent as well, which makes the whole situation that bit sadder. Come now, you so often see through the globalist corporate agenda, which is complex and intricately, subtly woven into this Western society.
    I find it utterly bamboozling that you continue to be brainwashed with this equally facadical ‘faith’, and allow this archaic method of thinking to direct your thoughts, feelings and actions.

  • Sam Johnson

    Governments get fearful when the stock market drops 7% in a day, HOWEVER – when silver or gold are forced down there is NO limit as to what they will do. I hope the whole thing blows up in their faces!!

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