The Beginning Of The End Ad
Gold Buying Guide: Golden Eagle Coins

Recent Posts

The Preppers Blueprint Economic Collapse Blog Get Prepared Now Ad

Enter your email to subscribe to The Economic Collapse Blog:

Delivered by FeedBurner

8 Financial Experts That Are Warning That A Great Financial Crisis Is Imminent

Share on FacebookTweet about this on TwitterPin on PinterestShare on Google+Share on LinkedInShare on StumbleUponEmail this to someone

Earth Clock Pocketwatch - Public DomainWill there be a financial collapse in the United States before the end of 2015?  An increasing number of respected financial experts are now warning that we are right on the verge of another great economic crisis.  Of course that doesn’t mean that it will happen.  Experts have been wrong before.  But without a doubt, red flags are popping up all over the place and things are lining up in textbook fashion for a new financial crisis.  As I write this article, U.S. stocks have declined four days in a row, the Dow is down more than 750 points from the peak of the market in May, and one out of every five U.S. stocks is already in a bear market.  I fully expect the next several months to be extremely chaotic, and I am far from alone.  The following are 8 financial experts that are warning that a great financial crisis is imminent…

#1 During one recent interview, Doug Casey stated that we are heading for “a catastrophe of historic proportions”

“With these stupid governments printing trillions and trillions of new currency units,” says investor Doug Casey, “it’s building up to a catastrophe of historic proportions.”

Doug Casey, a wildly successful investor who’s the head of the outfit Casey Research, is predicting doom and gloom for the global economy.

“I wouldn’t keep significant capital in banks,” he told Reason magazine Editor-in-Chief Matt Welch. “Most of the banks in the world are bankrupt.”

#2 Bill Fleckenstein is warning that U.S. markets could be headed for calamity in the coming months

Noted short seller Bill Fleckenstein, who correctly predicted the financial crisis in 2007, says he is one step closer to opening up a short-focused fund for the first time since 2009. In the meantime, Fleckenstein says the entire market could be heading for calamity in the coming months.

The market is uniquely crash-prone,” Fleckenstein told CNBC’s “Fast Money” this week. “I think the market is very brittle because of high-frequency trading, ETFs, a lot of momentum investors. I don’t think there’s going to be any painless back door.”

#3 Richard Russell believes that the bear market that is coming “will tear apart the current economic system”

From my standpoint, this is the strangest period that I have gone through since the 1940s. The Industrials are declining faster than the Transports. If this continues, at some point the Industrials will touch the Transports. When that happens, I believe a bear market will be signaled, as both Industrials and Transports accelerate on the downside.

I expect a brief period of higher prices which will draw in the amateurish retail public. This brief breather will be followed by an historic bear market that will tear apart the current economic system.

#4 Larry Edelson is “100% confident” that a global financial crisis will be triggered “within the next few months”…

On October 7, 2015, the first economic supercycle since 1929 will trigger a global financial crisis of epic proportions. It will bring Europe, Japan and the United States to their knees, sending nearly one billion human beings on a roller-coaster ride through hell for the next five years. A ride like no generation has ever seen. I am 100% confident it will hit within the next few months.”

#5 John Hussman is warning that market conditions such as we are observing right now have only happened at a few key moments throughout our history

In any event, this is no time to be on autopilot. Look at the data, and you’ll realize that our present concerns are not hyperbole or exaggeration. We simply have not observed the market conditions we observe today except in a handful of instances in market history, and they have typically ended quite badly (see When You Look Back on This Moment in History and All Their Eggs in Janet’s Basket for a more extended discussion of current conditions). In my view, this is one of the most important moments in a generation to examine all of your risk exposures, the extent to which you believe historical evidence is informative, your tolerance for loss, your comfort or discomfort with missing out on potential rallies even in a wickedly overvalued market, and your true investment horizon.

#6 During a recent appearance on CNBC, Marc Faber suggested that U.S. stocks could soon plummet by up to 40 percent

The U.S. stock market could “easily” drop 20 percent to 40 percent, closely followed contrarian Marc Faber said Wednesday—citing a host of factors including the growing list of companies trading below their 200-day moving average.

In recent days, “there were [also] more declining than advancing stocks, and the list of 12-month new lows was very high on Friday,” the publisher of The Gloom, Boom & Doom Report told CNBC’s “Squawk Box.”

“It shows you a lot of stocks are already declining.”

#7 In a previous article, I noted that Henry Blodget of Business Insider is suggesting that U.S. stocks could soon drop by up to 50 percent

As regular readers know, for the past ~21 months I have been worrying out loud about US stock prices. Specifically, I have suggested that a decline of 30% to 50% would not be a surprise.

I haven’t predicted a crash. But I have said clearly that I think stocks will deliver returns that are way below average for the next seven to 10 years. And I certainly won’t be surprised to see stocks crash. So don’t say no one warned you!

#8 Egon von Greyerz is even more bearish.  He recently told King World News that we are heading for “the most historic wealth destruction ever”…

Eric, there are now more problem areas in the world, rather than stable situations. No major nation in the West can repay its debts. The same is true for Japan and most of the emerging markets. Europe is a failed experiment for socialism and deficit spending. China is a massive bubble, in terms of its stock markets, property markets and shadow banking system. Japan is also a basket case and the U.S. is the most indebted country in the world and has lived above its means for over 50 years.

So we will see twin $200 trillion debt and $1.5 quadrillion derivatives implosions. That will lead to the most historic wealth destruction ever in global stock, with bond and property markets declining at least 75 – 95 percent. World trade will also contract dramatically and we will see massive hardship across the globe.

So are they right?

We’ll know soon.

And of course they are not the only ones with a bad feeling about what is ahead.  A recent WSJ/NBC News survey found that 65 percent of all Americans believe that the country is currently on the wrong track.

Also, Gallup’s Economic Confidence Index just plunged to the lowest level that we have seen so far in 2015

Americans confidence in the US economy dropped sharply in July to its lowest level in 2015, according to a new US Economic Confidence Index rating released by Gallup on Tuesday.

“Gallup’s Economic Confidence Index declined to an average of —12 in July from —8 in June. This is the lowest monthly average since last October, and is a noticeable departure from the +3 average in January,” the polling company said.

Gallup said that “unsettled economic” conditions, including tumult in Chinese markets and uncertainty in Europe over a Greek debt deal, as well as US stock market volatility are factors driving lower confidence in the US economy.

These “bad feelings” are also reflected in the hard economic data.  U.S. consumer spending has declined for three months in a row, and U.S. factory orders have fallen for eight months in a row.

The numbers are screaming that we are heading for another major recession.

But could it be possible that this is just another false alarm?

Could it be possible that the blind optimists are right and that everything will work out okay somehow?

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

  • Thanks for the article. it shows that even the bullish are now thinking twice… and yet, the mass media prefer to sell the “everything goes well” story… it will end badly for everyone.

  • Alwaystomorrow

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

    Published 6/25/2015

    150 days until 12/31/2015.

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

    • Guest

      Well, if you aren’t using this time to prepare don’t go crying to your neighbor when you have nothing to eat.

    • tom

      everyone hates this count down. when it simply serves as a clock to new years.

      • Alwaystomorrow

        Quote form The Economic Collapse author Michael S. 7/31/2015

        “And I kind of appreciate the countdown. It reminds people of my warning, and perhaps it will give some readers a renewed sense of

  • Scott

    Michael, I’m reminded of this Psalm in times of trouble:

    Psalm 91:2 – I will say of the Lord, He is my refuge and my fortress: my God; in him will I trust.

    • GSOB

      ….the field is the world; and as for the good seed, these are the sons of the kingdom; and the tares are the sons of the evil one; and the enemy who sowed them is the devil, and the harvest is the end of the age; and the reapers are angels. “So just as the tares are gathered up and burned with fire, so shall it be at the end of the age.…

    • Priszilla

      Right. Gravity will be there when all humans are gone.

  • rat28

    The Economic Collapse Blog has been shouting collapse since 2008.. I would rather take all these warning with a pinch of salt.

    • sre

      A “pinch” of salt? How about an entire cup of salt? Things are getting better, not worse.

      • HeyAHuman

        How are they getting better?

    • Really???

    • Heinrich van Rooi

      Why is then only published since 2009?

    • j2ashes

      You can see america has been declining since the last recession and in truth, nothing has improved since then, only declined. America’s leaders have been lying since 2007 and destroying the nation systematically. The stupid population is ready to believe any lie to get a sense of optimism. The stupid population do not want to listen to intelligent rational people like top economists because the truth hurts them and they get angry when someone tells them what they need to know not what lie they want to know History often repeats itself.

    • jsmith

      Hey rat, before we had the crash of 2008 I understand quite a few people were predicting it. Need I say more?

  • marty

    Something weird is happening and if because the msm is reporting record employment, high dollar and other economic indicators, many people will be blindsided when the sh*t hits the fan….

  • Guest

    You could have added Bill Holter to this list. His latest piece contains a list of links to 16 warnings from the BIS and IMF over the past 12 months. His article is entitled “They Will Say ‘You Were Warned'”.

  • autofixer

    Logically these guys look correct. However, I keep hearing the phrase in my mind: “Don’t fight the Fed.”

    • Guest

      Don’t fight the Fed? The Fed and all other central banks around the world are the cause of the global financial mess that we have today.

      • Pete

        The question is how long can the mess go on. It could be past our lifetimes, no?

        • alan

          I think so. No one wants to loose there 401k’s. So whatever lie they tell, the people are held hostage by their 401k’s. Well if anyone has any money left in them.
          Most people want stability and hope for the future, the lie will be carefully wrapped up in BS and polished real good.

  • G21

    What value does the paper dollar really have?
    – Gold? The dollar was taken off the gold standard long ago
    – Oil? The petrodollar is fading into obscurity and insignificance
    – Manufacturing? As Michael noted, factory orders have fallen eight months in a row
    – Confidence? The smartest investors in the world have said that they’re staying close to the exit because they’re anticipating a crash

    No, the real value of the dollar is based only on the negative value of Debt. That’s all.
    When you hold a dollar bill in your hands, instead of holding a certificate of promise, of strength, of certainty, you hold an instrument of indebtedness, of negativity, of liability.

    In addition to over $18 Trillion of indebtedness, the USA is on the hook for $200 Trillion it has unwisely promised to others.

    How can such a system not collapse?

    • Kurt

      Agree. 100% fake and unsustainable.

    • GSOB


      • GSOB

        God, after He spoke long ago to the fathers in the prophets in many portions and in many ways, in these last days has spoken to us in His Son, whom He appointed heir of all things, through whom also He made the world.

        And He is the radiance of His glory and the exact representation of His nature and upholds all things by the word of His POWER
        When He had made purification of sins, He sat down at the right hand of the Majesty on high,..

        • Gay Veteran

          pssst, you’re off topic

          • GSOB

            LOL Look who’s talking.

          • Gay Veteran

            don’t you have a bible verse to parrot

    • Gary

      The dollar is backed only my military force, any country that does not accept the dollar will be persuaded to or face the consequences.

      • Christoph Weise

        Good luck with China

        • Laura

          STEP BY STEP to Success.Just Follow Simple instructions.Just simple jobs offered by GOOGLE.STAY at home and get paid daily.I am making 20K$ monthly. I Joined this 4 months ago and Now I am making 97$ hourly .
          ((Go To here
          to start work➧➧➧➧➧➧➧➧ Bit.Do/BestWebWorkz238


        • Rebel

          Or Russia.

      • Vince Neal

        Great point Gary, if the neo-cons in D.C. think that Putin will be intimidated they are in for a surprise. WWIII is gong to be a certainty.
        Rather die on my feet then on my knees.

        • pecosbill

          Get away from the Neo-con BS, they don’t run crap in DC except their mouths.

          Neo-cons control the house and senate but they only go along with the O’bum. Sense George the “worthless”, Neo-cons have been out of power.

          You sound like a loopy Lew Rockwell who thinks W is still in office. I suspect Lew can not bring himself to criticize a half Negro communist Keynesian muslim.

          • Gay Veteran

            neo-cons rule DC, thus the coup in Ukraine

          • pecosbill

            Obummer a neo-con? horse face kerry a neo-con? hillary a neo-com?

            Quit believing everything your corrupt union tells you. Flush out your head gear.

          • Gay Veteran

            as I noted above:

            both democrats and republicans support empire abroad and the national security/surveillance state at home

          • Mike

            the difference is people don’t seem to realize neo-cons wear both red and blue. the democrats may speak slightly different than the republicans, but their actions are the same

          • Gay Veteran

            both democrats and republicans support empire abroad and the national security/surveillance state at home

        • jsmith

          And Vince, I’m hoping that Obama will be as wise as Putin in diffusing our current neocon cold war 2. Even Khrushchev made a deal with Kennedy back in the ’60’s. Now it’s Obama’s turn to stand down and break away from his tribal advisers.

      • This is the factor that everyone ignores when they start trying to predict the future.

        The dollar is going down, eventually. But it is not happening until and in the manner that the government wants it to.

        It’s like Karl Rove said:

        The aide said that guys like me were “in what we call the reality-based community,” which he defined as people who “believe that solutions emerge from your judicious study of discernible reality.” …

        “That’s not the way the world really works anymore,” he continued. “We’re an empire now, and when we act, we create our own reality. And while you’re studying that reality—judiciously, as you will—we’ll act again, creating other new realities, which you can study too, and that’s how things will sort out.

        We’re history’s actors…and you, all of you, will be left to just study what we do.

        You may not like that statement, but it’s true.

        It will not remain true forever, but it is an accurate guide to predicting how this will play out for the foreseeable future.

        • Nemnor

          citizen49a, the US Government (and all other Governments and “the 1%”) are indeed trying to “manage” the decadent world-wide Capitalist system, as the system continues on it’s relentless decline, in an on-going (never ending) economic crisis.

          Like we see currently going on in doomed Japan, the USA and all of the other leading Capitalist countries are also experiencing a slow and continuous grind down towards “third world” status.

          This relentless decline of decadent Capitalism can NOT be stopped by economic means alone. This is because Capitalism has reached a stage of general over-production – a situation which is insoluble within Capitalism, EXCEPT through sufficiently massive destruction of Capital (i.e. the means of production) through natural forces and/or through (World) wars.

          The real and permanent solution begins with a fundamental change away from Capitalism, to a sustainable alternative system that addresses the genuine and abundant needs of society (as the primary end-purpose of production and distribution), with due care of the environment.

          • Mike

            not the 1%….but the .01%

          • ducrider900

            And what might that “Utopian” system be? Communism? Socialism? Tribal barter? We have ample examples of how well the first 2 have worked, witness the USSR, current Europe, and current China….you operate in a utopian dreamworld, and fail to suggest any alternative to the capitalist system you despise so much…

          • Frijebai

            A resource based economy.

        • Gay Veteran

          “…we create our own reality….”

          how did that work out in Iraq?

          • grahampa

            For him and his cronies ot was quite profitable, not so for everyone else

        • gman

          there’s a difference between fantasy and reality, and u.s. policies are becoming more disconnected from any positive sustainable reality.

          “when we act, we create our own reality

          heh. he, and his owners, are not the only actors.

        • Alwaystomorrow

          And because of that statement and my belief that it is basically true, I think that the “collapse” will happen but not for quite some time.

          Everything is a mess but rabbits will keep being pulled out of the hat putting off the consequences that should be seen today until a later date.

        • …and that is a PURE definition of witchcraft. well put.

      • Glen Robertson

        LOL ,the USA can’t fight and defeat China & Russia at the same time . You may think the USA has unlimited military power & can EASILY rule the universe ! However the financial,political,military power of the USA is quite limited now and the reality of that will be quite obvious soon !

        • Matt M Matthew

          The weaponry of the US is far beyond Nuclear. Why do you think that Russia, China both are producing warheads and the US is reducing warheads? Because the weapons the US will use if necessary is far superior to any armies on the face of the planet. I built Advanced Laser Research Center for the D o E iand completed it in 1999. At that time, we had 2 747’s with 60 inch lasers mounted on the nose and 5 other smaller one’s mounted down the sides and on the rear. At that time, one of them was airborne over this country 24/7, 365 days of the year. That was 1999 so 16 years later, one could only imagine as at that time even the Microwave Cannons were obsolete along with CWIZ because it as well has been replaced. The US weaponry

    • j2ashes

      Wait until the world gets fed up with america and demands their trillions of dollars that america has been piling in the form of debt since obamba became president. Any fool who can think would know that it is impossible To pay it all or at least enough to buy more time to improve america (which is almost impossible) it is claimed that each citizens share of the debt is over $57000 which includes babies, homeless, poor people, people in debt (the irony) etc… It is foolish to think something so stupid and irrational is even possible. This wreckless move can destroy the dollar completely.Who knows what will happen; I highly doubt america’s leaders would sacrifice gold bonds to save america. It is possible that the dollar will be worthless and the new currency will be gold. The leaders can manipulate the nation this way.All this was obviously planned from the very beginning like a Hollywood script.

      • shortchanged

        The new currency will be gold, will it. Good luck changing you ounce of gold for a newspaper or smokes, what will the change be, sea shells, buttons. Whatever you think of the dollar, there is only that and change as we know it, collect quarters dimes etc. preferably old silver coins, and five, ten dollar notes, and maybe a few twentys. Don’t flash you wallet around full of notes

        show a couple of fives, thats all. Be safe.

        • Nemnor

          Those who say – “invest in Gold and Silver”. BUT, does not offer ways to physically possess the Gold and Silver in SPENDABLE form (i.e. like really spendable gold and silver coins), always remind me of the words – FOOL’s Gold! – lol

          (AND, even if one possesses Gold and Silver coins, I still wonder IF they will be accepted as payments, at such time when we reach the ultimate (total) collapse of the Capitalist economic system.)

          • jsmith

            Gold and silver worked in payment in 1923 Weimar Germany. I read that an ounce of gold could buy a whole block of houses in Berlin.

        • gman

          gold does not have the liquidity to support a modern economy. if gold becomes money again it will be because the economy has retreated to a 19th century level.

          • jsmith

            I have heard that before gman. That’s correct that gold cannot back up our fiat currency at $1100.00. But it might back it up partially at $5000.00 or $50,000.00 an ounce.

        • auskiwi

          It doesn’t have to be an ounce of gold. I have seen plastic cards embedded with a gram or less of gold. That would be useable stored value currency. Or of course silver, but whatever precious metals you use would have to be valued upward from current prices. PM’s are in short supply right now. Of course we could go back to a gold standard (gold backed paper notes), but to cover their liabilities the PTB would have to allow a massive increase in the gold price, and they would never allow that as it would be too much of a windfall for private gold bugs, plus it would cost them too much to restock their vaults. Hence the fraudulent suppression of the gold price right now.Possibly that tactic allows them to restock at today’s artificially low prices, so that could indicate that a gold standard is indeed on their agenda for the future.

    • John Fenman

      The real value of a dollar is tied to debt that is secured by collateral. If you have a 100K mortgage on a million dollar home, those few bucks you need to keep that mortgage current are very precious.

      Seems a shame to think of massive deflation followed by hyperinflation if that means the banks take all the houses in the deflation stage, and rent them back to current owners in the hyperinflation stage.

      So secure your ability to pay asset backed debt beyond the deflation period. When you hit the hyperinflation stage, you will be safer in your ability to pay your fixed debts. You can catch helicoptor bens dollars as they toss them from yellens choper.

    • df NJ

      The value of money comes from people being greedy to have it. As more money is concentrated into fewer and fewer hands money becomes worth less because the people who don’t have it stop being greedy or forget what it means to have it.

  • Cal Wayback

    John Maynard Keynes said we will all be dead anyway.

  • K

    Could it be possible that the blind optimists are right and that everything will work out okay somehow? Yup, that is exactly what I expect to happen. Right after a pig flies by my window. Until then, I think you have it nailed.

    • GSOB

      You cannot just make up Christianity

      • K

        In what possible manner, am I doing that?

        • GSOB


          • K

            Perhaps you missed the pig flying by my window part?

          • GSOB

            = CharlesH

      • M.

        Not true, you can indeed make it up as you go along, if by Christianity you mean your stinking heresy. The worthless vermin who originally became prots decided that they would live as they flipping well pleased. They would do no penance, they would feast on meat on Good Friday if they felt like it, they would live in the same way as the most degraded pagans do, but it would all be all right as they “believe” and that is all that’s necessary supposedly. No matter that this contradicts Holy Scripture, Ezekiel in the Old Testament, The Epistle of St. James (which your beloved Luther wanted to remove from his mistranslation due to its so clearly refuting his pernicious new doctrine) St. Paul’s Epistle to the Philippians among others in the New Testament, no none of this matters because heretics make of religion what pleases THEM, and really can’t be bothered in regard to what is pleasing to God. The very word heresy comes from the Greek meaning to choose. You prots choose what you will believe or not believe from among those Truths which God has revealed.
        This is why the myriads of sects differ on everything. The religion you prots profess is full of confusion, the devil is the author of confusion, and he’s the author of your contemptible fake made-up religions too, though you dare to claim that God Who is Truth Itself and can neither deceive nor be deceived is. Renounce and abjure your heresy before it is too late, lest you be one of those whom Christ turns away at the Day of Judgement, saying He never knew you.

  • greanfinisher .

    Should such a scenario undermine the solvency of any of the big banks, you can be sure that the feds would do whatever it took to rescue that institution. The ‘bail-ins’ that will likely follow would hardly be confined solely to the unsecured creditors and bond holders of that bank, and that means exactly what it says. Suffice to say that one should keep his account balances low at any bank or credit union.

  • Kurt

    Most people reading here probably see the certainty of a global financial perfect storm. What happens after is the real uncertainty. False flag event? “Terrorism”? Martial Law? World War III? It’s the unknown that is hard to prepare for.

    • alan

      There will be a distraction away from the bankers. I think any collapse will be blamed on Ebola inflected North Korean Hackers working in Red China under the command of Putin. And if that doesn’t work they will bring out crashed UFO’s and Bigfoot.

      If that doesn’t work they will lower the age of consent to 4 years old, legalize gay necrophilia.

    • GSOB

      War. This country is at war, has been at war, and will stay at war.
      Diplomacy or war. President Obama is right about that.
      Trump seems to me that he would rush us to war.
      Many like that brandish display and confidence…. almost a pendulum swing to the other extreme.
      The US has enemies.
      Again,..and in order, they are:
      North Korea
      Each of these enemies present a host of different threats to the US economy, directly and indirectly.
      They all share to some degree, death to the US.
      Trump would stump ISIS & IRAN.
      North Korea will take caution.
      Russia would move to the top of the above list
      and China will continue to build more strategic islands, while Fukushima continues
      to bleed its poison into the ocean.
      Enjoy your Summer.

  • Most of these “experts” are insiders, they are told what will happen, so that when SHTF, they can be our new leaders.

    Like brainwashed people will believe in Bible when end times come and say…look, its already in the Bible…Stupid Sheep…they wrote the bible and now are merely following what they wrote…thats why it is coming true…

    Like Nostradamus was an insider, so he predicted things. There is nothing special about it.


    The question that needs to be asked is – How come everyone is right this time?

    Because, it will get far far worse, they need predictions to come true for our new saviors that will guide us to NWO


    Don’t be fooled again…

    There will be no economy after this

    No concept of money

    Obama is really the last president

    What you see in Post Apocalyptic movies is THE TRUTH

    Now the NEWS lies while the MOVIES tell the truth. Its reversed.

    • GSOB

      “The question that needs to be asked is – How come everyone is right this time?”

      Are they?

      • shortchanged

        When you read what an ‘expert’ says, remember this, an expert is someone who knows more and more about less and less until he or she knowsabsolutely everthing about nothing.

    • Mike

      “Like brainwashed people will believe in Bible when end times come and say…look, its already in the Bible…Stupid Sheep…they wrote the bible and now are merely following what they wrote…thats why it is coming true…”
      This statement makes no sense. The Bible was written over thousands of years by many different people through the same Spirit. Those people are long gone but God will accomplish all that He has promised. And the book of Revelation says that as wrath is pouring out on the inhabitants of the Earth, they still don’t repent.

      • 1000s ..are you kidding…we are here for millions or more years already…

        GOD is a Psy-op…

        • M.

          Wrong, the existence of God can proved by the use of the human reason alone. Aristotle did so 2300 years ago.

    • M.

      The Almighty God wrote the Holy Scriptures inspiring the Holy Saints to write as they did. The Holy Scriptures record the crimes and misdeeds of Jewry who are responsible for the current situation. Our Lord Jesus Christ called them the synagogue of satan for a very good reason. His one True Catholic Church has always combatted the real culprits, International Jewry. This is sadly not evident now that the Church has been infiltrated by Jews, Masons and Communists, but is nevertheless true. This is why Jews were prevented from holding public office or having any authority over Christians in former times. With the coming of the so-called “enlightenment” their lackeys gained sufficient influence to do away with the aforementioned protective measures, thus enabling them to gradually take control of the societies of the hated goyim and bring about, with the enthusiastic co-operation of the apostates and their fellow travellers the open sewer of a society we must live in today. Their incessant attacks on Religion, Family and Property have unfortunately for the Remnant of the Faithful, been quite successful. When the prophecies of Our Lady of Fatima come to pass (She predicted WWII if mankind refused to cease sinning in 1917, and it came to pass.) what remains of mankind will be humbled and converted to the True Religion and there will be a period of peace until corruption sets in again and the Anti-Christ comes.

      • GSOB

        You spew venom.
        There is no truth in what you wrote. Superstition, at best.
        It lactates idolatry and drips poison.
        Trying to read past the darkness of those lies… proved nothing of value, nothing rings of being redeemed.
        Occultism? (perhaps)
        Witchcraft? (oh no, did I think that?)

        The message is one of peace.
        It is a gospel of peace.

        What remains?

        1 CORINTHIANS 13:13

        • M.

          Nothing true at all protty? I suppose that means you deny the Divine Authorship of Holy Scripture, as that’s what my “venom” started out with. It would be more honest of you prots to deny that God inspired the Holy Scriptures as you make of the Scriptures whatever strikes your fancy with your contemptible private interpretation. I respect Mohammedans much more than you prots, as they are at least more or less consistent and logical in their own way, false though their religion may be.
          You prots blaspheme Christ by calling Him a liar when you claim that the gates of hell prevailed against His Church after all, despite His solemn promise that they would not. St. Ignatius of Antioch who knew St. Polycarp, who knew St. John the Evangelist who knew Our Lord Himself, wrote of the Catholic Mass and the Real Presence. He didn’t write of anything that resembles the false rites instituted by the filthy heresiarchs whom you venerate and whose graves I would gladly spit upon. You Judaizing prots have no knowledge of history or philosophy. You are careful not learn any history or philosophy as doing so would categorically refute your heresies. May God forgive you for the contempt you show Him and His Most Holy Mother.

          • GSOB


            Whens the last time you beat your wife?

          • M.

            Good, I see that you know your place and have not attempted to deny the veracity of what I wrote, perhaps you understand in your subconscious mind that to do so is impossible. You prots, like the greater part of the public, live on a lower level of emotion, imagination and brute instinct. You may continue with your ad hominem attacks, I wouldn’t deny them to you if I could, as it’s all you’ve got. As Dr. Johnson, a decent protestant said ” A fly, Sir, may sting a stately horse and make him wince; but, one is but an insect, and the other is a horse still.”

  • GetReal4U2

    get ready…September approaches quickly…

    • GSOB

      For by Him all things were created, both in the heavens and on earth, visible and invisible, whether thrones or dominions or rulers or authorities– all things have been created through Him and for Him.

      He is before all things and in Him all things hold together. He is also head of the body, the church; and He is the beginning, the firstborn from the dead, so that He Himself will come to have first place in everything.…

  • df NJ

    The zombie economy is lumbering along. What is different now than any of the previous 5 years? The amount of debt doesn’t mean anything as long as people continue to buy groceries and gasoline. There’s no rioting. Until we see crime skyrocket and rioting nothing is going to happen.

    I will predict Trump will become president. He has two qualities people desperately want to have: He’s confident and he is in control of his life. People desperately want to be confident and have some shred of control over their lives. Trump will be president because of those two qualities. It absolutely doesn’t matter what he says, what he has done, or anything else.

    • alan

      I suspect he will end up as an independent, this will split the Republican party voters and Hillary will ascend to power.

      • DW

        God gives us the leaders we deserve… like Obama.

        • Gay Veteran

          and Bush and Clinton

          • DW

            That’s true, but I didn’t want to list all of the idiots.

        • jsmith

          Wrong DW! God doesn’t give us the leaders we deserve. The tribe and its enablers select the leaders we hard working people do not deserve.

  • SweetT

    The article above is referring to year-over-year factory orders. You’re linked articles are talking about month-over-month factory orders.
    In other words, factory orders were 1.8% better in June than they were in May. But down 6.2% from June 2014.

  • GSOB

    One day at a time.
    Enjoy the Lord and His word every morning.
    Do that for 30 days before you leave your bedroom to face the world.
    10 to min 15 minutes each morning.
    then as you go through your day, watch and pray.
    The peace of God that surpasses all understanding will comfort you.
    And you’ll be able to comfort others.

    • GSOB

      And the peace of God, which transcends all understanding, will guard your hearts and your minds in Christ Jesus.

    • Steve

      Amen my brother.

  • HM

    When I try to warn people about this stuff, they look at me like deer in the road staring at the approaching semi.

    • watchmanonthetower

      And, sadly, the consequence of their indifference will have the same ultimate result. Everyone will lose someone…

    • nevergiveup

      You are not alone.

    • chilller

      And when TSHTF…they will be the first ones on your doorstep asking you to explain again exactly how this happened….and asking for something to eat while you talk…

  • Can any one tell me; I heard that North Korea was the ONLY country that did NOT have a Central Bank?
    So does that mean North Korea will come out of this collapse unscathed?

    • Mike

      Can they sink any lower as they stand right now anyway?

  • watchmanonthetower

    You’ve got to ask yourselves one question:

    Am I an ant, or am I a grasshopper?

    (Perry Index #373/Aesop)

    (apologies to Mr. Eastwood)

  • alan

    Stawks will dip, the fed will print, Yellen will get a parade for saving the free world!


    Sounds like a very big dose of Hope and Change is coming.

  • Sam

    Yes Martha, I bet you believe everything you read from the propagandist main stream media
    and all government reports. Now go turn on the T.V. your Dominos pizza order will be arriving shortly. Enjoy your G.M.O.’S because the government said that there good for you !

    • shortchanged

      Don’t be too hard on Martha, besides I happen to like Dominoes pizza, better than pizza hut.

  • John Pallyswine

    Doug Casey is another American FRAUDSTER. He has not changed his arrogant style since he was on the Phil Donahue show in 1980, claiming that only gold will save you. In 35 years since that interview, gold has not even doubled in value. He scared a lot of people.

    He is still wrong. This time about govt. Govt does NOT print currency, you liar Casey! Central banks print currency. Casey and Armstrong, always trying to make the politcians the evil ones forcing the Central banks to print. It is the demonic Fed that must be destroyed.

    • john waylon

      The real problem is americans are mortally afraid of hard work. ” I have a $600 smartphone and not 2 pennies in my pocket.” And I faithfully watch the Kardashians.

      • john waylon

        And I haven’t read a book in decades. Can’t cook my own food either. Can’t pay my utility bill but have season tickets. On and on and on

    • jsmith

      Wrooooong! Gold started in 1979 around $230.00, then it went up to $850.00 in 1980. Then it went up to $1920.00 in 2011. It has been manipulated down to $1085.00 today.

  • Rusty Shackleford

    1780, 1860, 1940, 2020…wars for national survival.

    • Catman

      Every 80 years…interesting.

  • Priszilla

    In UK we already talk deflation. So get some cash now. Soon you’ll get more for your cash than today. But you’ll also earn less than today. So make sure to cut your costs.

    • DB200

      Deflation talk is utter nonsense with so much money printing. Er, computer typing ….

      Don’t believe it, the inflation rates are fake, in reality they are much, much higher.

      • Priszilla

        Well, the prices in tesco and other supermarkets actually fall. Now a pack of eggs costs as little as in Aldi or Lidl. And there the price for milk and bread is also falling.

        There is a wide spread in mobile operators. One offers unlimited data for £10 a month, the other for £15, and another for £20.

        And the fao food price index is at the lowest of the last 5 years.

  • L O

    Moose= the fed
    ” hey rocky, watch me pull a rabbit out of my hat.”

    ” again?”

    ” Nothin up my sleeve”….{{{{ argg!}}}… wrong size hat.

    “and now, here something we hope you really like”

  • There is not going to be any “collapse.”

    Here’s why.

    A collapse is an instantaneous event. It’s like you go to bed one night, and you wake up the next day and the ATM doesn’t work. Then the electricity goes out a day later. Then the water goes off a week after that. And pretty soon nobody is going to work anymore and everybody is holed up in their houses with their stored food and their Berkey water filters clutching their 9mm and waiting to fight off the hordes.

    That’s not going to happen.

    What will happen is slow, measured, and paced decline. It’s going to take at least a couple of years to get to the bottom, probably longer.

    Why? Becauset the government is not stupid.

    They don’t want a nationwide or even a regional emergency like a collapse.



    That’s what it’s all about. Maintaining control

    Over the last 15 years we’ve seen the slow rollout of a police state. There’s a reason for that.

    It’s how you boil the frog. You don’t set the frog in the frying pan and turn the gas up to high.

    You lovingly and slowly cook him in a pot of warm, warmer, and eventually boiling water.

    That’s how this will play out. The authorities don’t have the ability to stop this, but they do have the ability to control and direct it. And they will.

    Look back to the seventies here. There were wage and price controls and other devices to try to control the impact of inflation on the economy.

    You will see those again.

    You will also see things like capital controls, tax policies, and taxes on gold and other things to try to manage and direct this situation.

    The economy will go down. Make no mistake about it, that is happening. And there will be “bumps” along the way. But the government will step in and do things that will smooth the downward spiral out for most people.

    If you’re a high income type or own a lot of assets, particularly productive assets like farmland or other essential services or goods, your ride down will not be bumpy.

    It will be a terror-inducing roller coaster down that goes off the rails. The rest of us – eh, it’ll suck, and we won’t like where we end up, but it’s going to be a glide path to third world status.

    Unless the US govenment totally loses control.

    I don’t see that happening as long as the seventh fleet still sails the seas, the warheads are safe in their silos and submarines, and the military occupies bases in most of the countries of the world.

    • jakartaman

      I respectfully disagree
      It will not be a two year crash.
      Once things start to unravel – it will go very quickly
      The US government could not run a lemonade stand let alone control a drastic economic collapse

    • Alwaystomorrow

      Very very well put. 110% my thoughts exactly. Keep it up and you will be hated here as much as I am.

    • GSOB

      The part you said won’t happen, will happen.

      It just won’t happen first.

      The wheel of justice grinds slow.

      The force to combat sin is never described, in the truthful pages of God’s Word, as the power of human endeavor to keep the law.

      Romans 1:18

      But there is the final conclusion as stated here….

      Furthermore, I have seen under the sun that in the place of justice there is wickedness and in the place of righteousness there is wickedness.
      I said to myself, “God will judge both the righteous man and the wicked man,” for a time for every matter and for every deed is there.
      I said to myself concerning the sons of men,
      “God has surely tested them in order for them to see that they are but beasts.”…

    • K2

      Very well said. And it will be the same in almost every country.

    • Alexandre Pepin

      you lost credibility when you said government is not stupid. yes they very much are.

  • krinks

    After the PP Scandal that really isn’t as no one or very few seem to care I hope with all the muster I can that a collapse happen. I no longer pray for my nation and would rather cut out my own tongue than do so.

  • shortchanged

    err, 1.8% of what, may I ask ?

  • Richard O. Mann

    Around and around we go. Down and down we go. Hold on tight. We are in for one wild ride.

  • gfmucci

    This is weird… over the past few months /years we’ve been told to stock up on commodities – food, gold, silver, bullets because cash would become worthless. Now we are told to stock up on cash because commodities will be worthless. This is almost enough to make me believe that these urgent warnings are promoted by those who profit in buying and selling commodities. Nah, that couldn’t possibly be true.

    • Alwaystomorrow

      Wait until Thursday and I will tell what you should have done on Wednesday.

  • Willy

    You know I have been reading this economic doom and gloom for at least 5 or 6 years. At some point you would think that the amount of people mentioned in this article and else where, predicting this financial crisis should have been right already. How long can you predict something is going to happen, before you are not believable any more? If the TPTB are avoiding this because of the antics they are pulling to prolong this crash then I would say we are dealing with some very clever people. They have been able to outsmart many people then. Which brings me to this point. Many people predicting this crash are selling something, whether it be a news letter, investment advise, precious metals etc, so I ask myself a question are they spreading this doom and gloom because they are taking advantage of those of us with less knowledge in their specific areas of expertise and selling us? Perhaps. If a crash is actually going to happen we certainly wouldn’t be hearing this from the TPTB. What I’m trying to say is for those of us trying to figure this out it’s hard to trust news sources good ones and bad ones. A lot of disinformation is being put out there intentionally or unintentionally who knows. Some days all this doom and gloom of this impending financial crash gets to be very nauseating to say the least. Not just this site many other sites as well. The sooner it happens the sooner we can move forward with life. It all feels like suspended animation for now. …. Cheers folks

    • jsmith

      Actually Willy, I hope the powers that be “prolong” kicking the can another year or two. It gives me more prep time.

    • Alwaystomorrow

      Willy, please read citizen49a posts if you have not already.

  • Barry Goldwater

    These are all men of great expertise in the financial industry. I have no doubt that a huge downturn of unprecedented proportions is coming.
    The Federal Reserve built this bubble with three rounds of QE and a flood of cheap money from Americans savings accounts which for the most part wound up in Wall Street coffers creating false values and the illusion of prosperity. How many times have we heard everyone from the President on down say ” the stock market is back, companies are hiring again ” ( low wage service sector ) etc. ? Those who have not paid attention and have been deceived will now see their Dollars Invested disappear .
    Malinvestment has been the rule of the day since 2008 and it will take a heavy toll on those who’re pretending all is well.

    • Nemnor

      Barry Goldwater, The ”illusion of prosperity” (as you put it), is actually one of the “legs” upon which the decadent world-wide Capitalist system continues to “limp along”, as the system declines (as a slow grind down) towards total socioeconomic collapse/chaos.

      • Barry Goldwater

        I would that it were Capitalism as you put it. This can hardly be called capitalism my friend. If it were real capitalism could we have ” too big to fail ” money printing designed to save huge conglomerates ? Would Chrysler and GM be alive today? In the real capitalist world a company that does not create honest profits driven by marketplace results ceases to exist whether it’s a bank, automaker, insurance company or otherwise. No, indeed Wall Street is now a subsidiary of the Federal Reserve it is where it is today based entirely on the infusion of 4+ Trillion Dollars.
        The infusion of cheap money is actually preventing the death of ailing companies and standing in the way of the creation of new and vibrant ones .
        The two Socialist parties that dominate Washington will never again allow true capitalism to flourish as it once did.

  • PDQuig

    I don’t know when it will happen. I just hope that I’m sitting at my trading desk when it does. It’s going to be like watching a 100 ft. tidal wave hit San Francisco from the top of Mt. Tam. I wouldn’t even take any trades. I’d just watch the carnage and laugh maniacally.

  • Alwaystomorrow

    Amen, Amen and Amen.

  • CharlesH

    Larry Edelson mentioned October 7, 2015 is the target date. Where’s that date come from – what is IT’S importance? Anyone? Thanks!

  • Richard

    These people are NOT all “experts”. Some of them have been HORRIBLY WRONG during the recent bull market, sticking stubbornly to the bear case all the way up. Faber is one.
    Hussman is another. I wrote criticising Michael’s choice of Hussman the other day complete with a link showing how he has been utterly misguided and just plain WRONG about the market since 2009.
    I was totally ignored – except for one commenter who criticised ME (!) for telling the truth about Hussman.
    Michael’s done it again: including this impostor as one of the “financial experts”. Why does he do this? What is his interest in pushing this charlatan? It’s easy enough to check his track record.

    • Ken

      Well, you can look at what Martin Armstrong, Peter Schiff, and John Williamson have to say. Also check Warren Pollock and plenty of others.

  • dewey olsen

    The Struggle within America—Isaiah Saw It All!
    by Avraham Gileadi Ph.D.

    Many regard Isaiah’s prophecy as a sealed book. Who does it address, only people in the past? A key to this mystery exists in the linear and synchronous structures that govern the book of Isaiah. These enable us to read it as a prophecy about the past but also as a prediction of the future. The book of Isaiah, in other words, serves a twofold purpose. Without taking anything away from what happened in the past, it uses the past as an allegory of the future. In that case, persons and nations of Isaiah’s day typify ones who perform similar roles at the end of the world. The names of past persons and nations function as codenames for their endtime counterparts.

    The importance of understanding Isaiah’s message increases daily as world events line up like planets for the fulfillment of his prophecy. Under the codename “Egypt”—the great superpower of Isaiah’s day—America is predicted to suffer spiritual decline, political ineptitude, economic collapse, internal anarchy, and invasion by a foreign military world power from the North—a latter-day “Assyria.” On the other hand, a community of covenanters in “Egypt” will turn back to Jehovah,
    who will send them a savior and deliver them. In the end, at the commencement of the millennial age, America will again become “my people”—a covenant people of God (Isaiah 19).

    5. 20. 2010

  • dewey olsen

    End-Time “Egypt”—A Superpower in Decline
    by Avraham Gileadi Ph.D.
    Isaiah’s use of types of ancient world powers that foreshadow End-Time ones extends to the great superpower Egypt. As with all nations and persons who appear in the book of Isaiah, their true identity emerges when we observe how Isaiah characterizes them, not when we apply historical or archaeological data, though at times that may help. In searching the world today for a nation that matches Isaiah’s description of “Egypt,” the sole candidate is America. That connection is further strengthened by the fact that God’s people anciently dwelt in Egypt, that Joseph ruled Egypt, and that the birthright tribe of Ephraim sprang from Joseph and Asenath, an Egyptian woman.

    Isaiah’s “Egypt,” however, is a superpower in decline: “The ministers of Zoan have been foolish, the officials of Noph deluded; the heads of state have led Egypt astray. Jehovah has permeated them with a spirit of confusion; they have misled Egypt in all that it does, causing it to stagger like a drunkard into his vomit. . . . Manufacturers of combed linen and weavers of fine fabrics will be dismayed. The textile workers will know despair, and all who work for wages suffer distress. . . . I will stir up the Egyptians against the Egyptians; they will fight brother against brother and neighbor against neighbor, city against city and state against state” (Isaiah 19:2, 9–10, 13–14).

    11. 16. 2011

  • DB200

    In July and August I sold all my stocks. Popular sentiment is that you should be buying stocks. We will see who is right. I can always buy them back.

  • truefreedom

    I just recently figured out the religious foundation for Michael’s doomsday prognostications. His handling of Scripture is incorrect and even quite childish. Like so many in our time, he treats the bible like some kind of secret code which when deciphered gives us history in advance. Michael is obsessed of late with the mystery of the Shemitah. As one critic says, however, the real mystery of the Shemitah is this: “How did Christians become so biblically illiterate?” MIchael, sadly, is biblically illiterate and that leads me to suspect he’s also economically illiterate. Apart from all that, a true Christian does not work feverishly to spread a message of doom but calls people to true hope. The knowledge that Jesus Christ is Saviour and Lord of all imparts confidence in every circumstance – in good days and in bad days.

  • truefreedom

    Michael is a coward. I posted a mildly critical and very civil comment and he deletes it in five minutes. I guess it affects the profit margin of his doomsday hucksterism. I think Jesus did have something to say about making money out of religion, didn’t he, Michael?

  • Bob332

    The Perfect Storm WHEN it hit’s will be like a F 6 tornado and a 11 on the Richter Scale

    • df NJ

      Economic collapses is like peak oil. Just when you think the World is coming to an end new supplies are discovered. Just like printing money.

  • Andrew Aldrich

    Michael, i read a article by Mr. Fisher of the Dallas Fed. about the destruction of Argentina by Citibank and a Swiss bank. I recall he said the destruction of the USA will follow the same pattern. Do you recall reading anything by Mr. Fisher? I wish I had printed it out.

  • Richard

    Mark Faber has called for a 1987-like crash every year since 2010.

  • MindMelder

    Hedge funds are the least short they have been on gold in months. The smart money knows that a catalyst is approaching for a rapid climb in the shiny stuff and when it occurs, physical gold is what you want. Forget paper gold….

  • mike hamblett

    Racist bankers and Republicans would damage USA to bring down Obama; they’re playing ‘Monopoly’ with peoples lives

  • mike hamblett

    Those in charge now have no loyalty to country or people. Money buts the planet.

Finca Bayano

Panama Relocation Tours



Facebook Twitter More...