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A Death Cross, Wild Market Swings And A Currency War – And We Haven’t Even Gotten To September Yet

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Financial Despair - Public DomainThings continue to line up in textbook fashion for a major financial crisis by the end of 2015.  This week, Wall Street has been buzzing about the first “death cross” that we have seen for the Dow since 2011.  When the 50-day moving average moves below the 200-day moving average, that is a very important psychological moment for the market.  And just like during the run up to the stock market crash of 2008, we are starting to witness lots of wild swings up and down.  The Dow was up more than 200 points on Monday, the Dow was down more than 200 points on Tuesday, and it took a nearly 700 point roundtrip on Wednesday.  This is exactly the type of behavior that we would expect to see during the weeks or months leading up to a crash.  As any good sailor will tell you, when the waters start getting very choppy that is not a good sign.  Of course what China is doing is certainly not helping matters.  On Wednesday, the Chinese devalued the yuan for a second day in a row, and many believe that a new “currency war” has now begun.

So what does all of this mean?

Does this mean that the time of financial “shaking” has now arrived?

Let’s start with what is happening to the Dow.  When the 50-day moving average crosses over the 200-day moving average, it is a very powerful signal.  For example, as Business Insider has pointed out, if you would have got into stocks when the 50-day moving average moved above the 200-day moving average in December 2011, you would have experienced a gain of 43 percent by now…

The Dow Jones Industrial Average has been on an unrelenting upward trajectory since its October 2011 low.

The signal that convinced many traders that the market was now moving with a bullish bias was when the 50-day moving average of the index price rose above the 200-day moving average a couple of months later at the end of December.

Since then the market rallied 6,200 points to a high of 18,333 before pulling back to last night’s close of 17,404. That’s a gain of around 43% even though the market is 5% off its high.

But now a cross is happening in the other direction.  That is why it is called a “death cross”.  It is quite understandable why a lot of investors are freaking out about the fact that the 50-day moving average has moved below the 200-day moving average for the first time in four years.  Every major stock market in history has been preceded by a death cross.

Of course no indicator is perfect.  Sometimes these death crosses come just before market crashes, and other times nothing much seems to happen.  The following comes from MarketWatch

The 50-day moving average (or “MA”) crossed below a rising 200-day MA on July 7, 2010, when the Dow closed at 10,018.28. The Dow’s closing low for 2010 was actually hit two sessions earlier, at 9,686.48.

But the Dow fell another 5.9% over six weeks after the Aug. 24, 2011 death cross, and tumbled as much as 50% over 14 months after the one appearing on Jan. 3, 2008.

And keep in mind that when the January 2008 death cross appeared, the Dow had lost just 7.8% from its Oct. 9, 2007 peak. That means the bull market was still firmly in place, as the rule of thumb is a bear market is defined by a decline of at least 20% from a significant peak. In addition, the 200-day moving average didn’t turn lower until two weeks after the death cross appeared.

But this is not the only indicator pointing to trouble ahead.  Even while we have many stocks hitting 52-week highs, we also have an extraordinary number hitting 52-week lows.  This is called a “split market”, and this is a very ominous sign.  In fact, according to Peter Boockvar 62 percent of all stocks on the New York Stock Exchange are already trading below their 200-day moving average…

Peter Boockvar, market strategist at Lindsey Group, said he believes the market is in a correction that began a few weeks ago, starting with commodities names getting hit. The small-cap Russell 2000 was also a leader of the declines. “The key is it’s infecting other areas of the market. You have every headwind and every reason to continue this correction,” he said.

Going into today, 62 percent of the NYSE stocks were trading below the 200-day moving average,” said Boockvar. “More and more companies are dropping out of the bull market.”

At this point, we have already had more than 50 “split days” this year.  King World News has just released an article which has pointed out this has only happened four times before, and a major stock market crash has followed each occurrence…

The only other times in history we’ve seen more than 50 split days during the past year were March 1968, August 1972, October 2000 and July 2006.

After all four of those, stocks lost more than a third of their value at some point during the next two years.

Are you starting to see?

A stock market crash is coming.

Another thing that has investors concerned is the fact that we have seen a large divergence between high yield credit and stocks.  As Bloomberg has pointed out, when this happens a significant stock market decline follows more than 70 percent of the time…

While not without precedent, instances when anxiety in bonds didn’t seep into equities are rare. More than 70 percent of the time since 1996, as spreads widened as much as they have since April, the S&P 500 has fallen, with the average decline exceeding 10 percent, data compiled by Bloomberg show.

This is something that sooner or later is going to impact the stock market,” said Russ Koesterich, global chief investment strategist at New York-based BlackRock Inc., which oversees $4.7 trillion. “Credit market conditions have not been benign and easy as where they were last summer.”

On top of everything else, it looks like a global currency war could be erupting.

According to USA Today, this desperate move by China to devalue the yuan may indicate that the Chinese economy is in far worse shape than most had thought…

One, China’s move suggests that its economy is in worst shape than believed. “It highlights the fragility of the global economy,” says Donald Luskin, chief investment officer at TrendMacro. Second, a weaker yuan means a stronger dollar, and a stronger dollar means U.S. products sold in China are more expensive, which means fewer sales of Apple iPhones, hotel rooms offered by Wynn Resorts and computer chips made by Micron Technology.

Lastly, there is a fear that other nations will respond to China by devaluing their own currencies to stay competitive.

When people start talking about ‘currency wars,’ it’s never a good thing,” says Michael Farr, president of money-management firm Farr, Miller & Washington. “China’s move to devalue its currency could be the first shot across the bow towards a wider currency war.”

As I discussed yesterday, it seems like the phrase “currency war” has been thrown around a lot lately.

But what would that look like, and what would that mean for the global economy?

Well, former IMF economist Stephen Jen is suggesting that we could soon see major currencies all over the planet being devalued by up to 50 percent

[The] devaluation of the yuan risks a new round of competitive easing that may send currencies from Brazil’s real to Indonesia’s rupiah tumbling by an average 30 percent to 50 percent in the next nine months, according to investor and former International Monetary Fund economist Stephen Jen.

Volatility measures were already signaling rising distress in emerging markets even before China’s shock move. An index of anticipated price swings climbed above a rich-world gauge at the end of July, reversing the trend seen for most of the past six months.

The surging U.S. dollar combined with crashing prices for commodity exports has already created a state of crisis in South America.  If emerging markets such as Brazil are forced to devalue their currencies to stay competitive with nations such as China, that is going to just exacerbate the problems.

For a long time, things in the financial world were pretty quiet.

But now events are beginning to accelerate.

A lot of people are extremely concerned about what is going to happen in September, and I think that there are very good reasons to be concerned.

Throughout our history, the majority of our stock market crashes have happened in the fall.  Just remember what happened in 1929, 1987 and 2008.

Now we are approaching that time of the year once again, and things are lining up perfectly for a major financial crisis.

So what do you personally think will happen?  Please feel free to join the discussion by posting a comment below…

  • Alwaystomorrow

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

    Published 6/25/2015

    142 days until 12/31/2015.

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

    • David Waddle

      I’m beginning to wonder if anything at all will happen. As Michael has pointed out here we have been through stock market collapse before. I have been a doomer for a while now and really I am getting bored with it all. I keep reading that the world is going to end by some event or another and nothing ever happens. We have never been busier at work than we are right now. New construction is going up all around me. Businesses are making investments here in Louisville Ky. Restaurants and hotels are packed around here. I’m sorry but I have to rethink my perspective. I keep preparing for a collapse that just never seems to be able to get here. On the plus side I have lots of extra food and water and won’t need to go to the grocery for a while. Peace!

      • “I keep preparing for a collapse that just never seems to be able to get here…”

        Why do you want a collapse to ever happen where you are. Hopefully for you, if everything is ok that’s nice. Pretty glad for you 🙂

        Overall, people should stop expecting a collapse anyway, this is not a game of “hope for the worse”. That’s the main reason people get bored with this topic – they expect things to collapse, what a strange idea… I don’t, I’m just realistic about what I can witness, but would prefer things to get better and restored to better condition everywhere on the planet.

        • Whisper

          There will be a market and economic correction sometime as history dictates, but how hard will it hit you is the question, directly or indirectly.

      • Matt M

        You may be making a big mistake, maybe you should rethink your position. It isn’t enough to say “there’s going to be a collapse, get ready!” There either are or there are not good reasons to believe it is so. If you think that there are, then you should prepare and keep doing so. If you do not, then being prepared makes no sense.
        I can tell you this. For whatever reason, whenever some major disaster occurs of epic proportions in history, you never seem to hear the historic narrative that “Everyone knew it was coming and got prepared”. Before the Great Depression, as far as I’m aware, you cannot find NY Times headlines that proclaim “The Fed is warning one last time, get prepared NOW!” or “How many days left until the bottom falls out?”
        A lot of bad decisions with seemingly no consequences, euphoria and the feeling of societal invincibility are probably what precede most epic disasters. Thus the saying “They never saw it coming.”

      • Alwaystomorrow

        This is why I post what I post. Not to annoy people but to make them think.

        Being prepared to an extent (like you would do for a hurricane) is a great idea but to the extent most people do here is to me excess.

        Prepare to the extent that makes sense to you then enjoy life and your family.

        By the way, downtown Louisville is beautiful. My wife and I went on the Belle of Louisville last year and enjoyed it.

        • nevergiveup

          So you come and post here because you care about all the people behind the pseudonyms? Give me a break.

          • Alwaystomorrow

            Not all the people. I do not care much about you.

            Now go take that break.

          • nevergiveup

            LOL. You are a funny specimen. I see you get very nasty when people don’t come in line with your opinion. Egotistical and probably psychopathic.! Hahahaha. – and please keep commenting – very entertaining – :). Farewell my fuzzy little friend

          • greyprepper

            He is a despicable individual for sure. There’s just something about him that I find revolting, can’t quite put my finger on it.

          • Alwaystomorrow

            Daffy Duck is the only other being I have ever heard use the word despicable.

          • greyprepper

            … and? Go away. Shoo!

        • greyprepper

          Could’ve fooled me. I thought you just posted for attention.

          • Alwaystomorrow

            Do you not like the competition?

          • greyprepper

            You think I post too often?

          • Alwaystomorrow

            Not often enough!

        • G21

          “Rethinking or reevaluating that you believe regularly is healthy.”
          Thank goodness we have you watching out for us. Imagine if we actually thought we knew what was best for ourselves.

      • Don’t take it personally. The problem is we take things a lot personally as we don’t have agendas and plans. We just want to live happy.

        We should learn that EVIL is not personal. The Evil does not have a personal beef with you. It has agendas and plans.

        It will destroy the elites as well as general humans in one stroke if it is needed for its agenda otherwise it will live you free.

        Satan is an AI form. It doesn’t care for anybody only for its agendas. That’s why we see misery come and go, happiness come and go, for some it remains for ever for others evil never touch.

      • Gay Veteran

        how about the small town and rural communities in KY?

      • Jerry C

        Normalcy Bias. Most people cannot fathom events beyond their own experiences. It’s human nature. It’s a mathematical certainly that a huge crash is coming. Hindsight is always 20/20. Patience my friend. Patience.

    • Cut n paste
      Cut n paste

      • That’s not completely true… he changes the number of days every time 🙂

      • Alwaystomorrow

        Except for the days left in 2015.

    • Scott

      Hello, anyone home? It’s already happening.

      • Alwaystomorrow

        Hi. I am home. Come on in. See, it is not happening in here. 😉

        • Mike

          In 2007 when the economic issues of that time began, I remember saying to my friend, “what’s changed? These economic issues aren’t affecting me”. Then more months went by and I got laid off from my job of 5 years (along with over 700 other employees) and then I had to do a short sale on our house and the story goes on.

          Pride goes before destruction, a haughty spirit before a fall.
          Proverbs 16:18

          • Alwaystomorrow

            Most (not all) people create their own “economic collapse” early in life by living above their means, then
            when it catches up with them they are a victim of a bad economy.
            Alwaystomorrow 1:1

          • alan

            True to a point, then x 300 million people.

          • Alwaystomorrow

            And rising!

          • James

            so true
            people just need to live frugally, and get a side income and invest.

          • Kim

            That is so true. And when u scale that up to large corporations with unsustainable burn rates and greedy govt. it’s a perfect storm. But your right- I’ve learned over the years to stop predicting and stop expecting. All it did was make me miserable. I stopped the predicting and started preparing. Better to be prepared and not need it than to be unprepared and need it. Right? That’s why I appreciate and post on this blog. It brings me out of complacency and back to reality.

          • Whisper

            That is a lesson to be learned. I was always frugal on my own and did well financially after 2008. I lived within my means and didn’t give into greed for “stuff” as many did to keep up with the Jones’s. I too lost my job but got a better one. Have faith, when one door closes, another one opens.

        • alan

          Come down to the South to get a taste of collapse and despair. You can stay at my place, bring some copper wire to buy food.

          • Alwaystomorrow

            I have family in the Atlanta area.

            My brother works in the construction materials manufacturing industry as a shipping supervisor and works 40 hours a week and more.

            When we go there they feed us. We don’t even need to bring along copper wire.

            Of course that is only one example.

            When driving down south outside of cities I do see almost every exit you get off of has an unsafe feeling as to the often closed down gas stations, hotels, food places etc.

        • loadnup

          That’s because you are 9 years old and living with your folks who are intimately aware that it is in full-blown operation…. go eat your oatmeal and maybe you’ll grow up to be a big boy…..

          • Alwaystomorrow

            I eat low carb food so oatmeal is out.

          • Kim

            I always thought oatmeal was high in protein. Kinda like quinoa. But your comment made me laugh.

          • Alwaystomorrow

            Good. Is laughing allowed here?

        • gfmucci

          Wow, what an arrogant ego. If it is not happening in your tiny spot on earth it is not happening. Amazing!

          • Alwaystomorrow

            My tiny spot on earth is all I have control over.

        • Kim

          What if it does? Or what if it effects your loved ones? Things aren’t going so well in Oregon. We are in the midst of a terrible drought and other things pressing on the economy. It’s not easy, for sure. Lot of folks suffering out there right now.

  • Itanimullikcuf

    A few hours ago there was a monstrous explosion in a major Chinese port city Tianjin (Shanghaii twin city).Thousands of casualities and imaginable destruction reported. This was recorded by some persons and put online. It looks like a smaller nuclear explosion! This happened in a major economic zone near Shanghai. Expect another market crash in China.

    • wes

      Makes you wonder if the explosion may have actually been an attack. They created a lot of problems for a lot if countries around the world by devaluing their currency.

      • alan

        Timing is a bit suspicious. It is one of their largest ports.

      • DW

        I doubt it. Probably an accident.

        • Kim

          Probably criminal negligence. Accidents like this don’t just happen. Not saying it was intentional negligence but definitely not an accident.

    • Mike Smithy

      I saw the same story on Zero Hedge and it made me think just how vulnerable port cities in the USA are pursuant to a nuclear detonation. For example, If you are North Korea you don’t need ICBM capabilities, all you need is a shipping container and a 30 day fuse.

    • DW

      50 dead…

      • Kim

        Since there are reports of the Chinese govt deleting blog posts of eye-witnesses, how is that really verifiable? Seems that a few folks were vaporized.

        • DW

          I was just going by what the news put out….hard to get the truth nowadays.

      • Itanimullikcuf

        And of course we believe in the words of a communist Chinese authorities…

    • Kim

      I have been reading about that on reddit today and last night. I watched a video of it. I couldn’t believe my eyes. The chatter in Chinese on reddit is that thousands are dead. Up to 100,00. That explosion or whatever it was occurred in the heart of a city of over 11 million people. It also released cyanide and toluene into the atmosphere.

    • Steve

      Industrial accident! Yeah right. More like low yield nuclear bomb. Anyway don’t expect to get the truth from MSM. More lies and propaganda. Part of campaign to destabilise China and orchestrate the collapse of their economy….just guessing.

      • Itanimullikcuf

        The People’s Republic of China is already involved in their currency (Yuan) collapse. So make a big explosion in a major economic hub near Shanghai. Simple, like burning a Reichstag in other totalitarian country in 1930’s. So simple. History likes to repeat…

  • Genada

    I am going to go with the market hitting new highs and getting higher and higher as the real economy around it dies.

    Venezuela, Wiemar, Zimbabwe, they all went up as the real economy died.

    The people in charge only know how to do one thing, that is print print print and that’s how they will attempt to solve the problems and that’s going to lead to higher stock prices.

    That’s been the problem with QE all along, it’s not getting money into the broader economy. All it has done is push up certain prices and enrich a few at the expanse of the many. It doesn’t work, it will keep on not working but it’s all they know how to do. They have no other solution.

    This has always been about creating false perceptions. About creating a so called wealth effect and making it appear as if things were improving in the hope that creating the perception would make it become true. They are not going to let that go. They will print, they will buy, they will make it all appear as if things are going well even as everything is crashing.

  • Alwaystomorrow

    Help me out here. Define for me in YOUR words what is a market crash.Thanks.

    • Alwaystomorrow, does a car crashing in a town market full of people count as a market crash definition? Just kidding… 😉

      More seriously, it is a good question and assume that you will have many different response from the pure Capitalistic to the most Socialistic view point… I’m waiting to see the answers, and thinking of mine… 🙂

      • Alwaystomorrow

        Excellent humor. This place needs it BADLY.

        • Megalon

          Humor? That is why you are here. Entertain us, clown.

          • Alwaystomorrow

            I am getting new material as I type. Seems you will be an excellent source for me.

            Come on now Mr Megalon, put a smile on that grumpy sour face.

            Come on you can do it, you can do it, okay you cant.

          • greyprepper

            Why does this comment gross/creep me out? There’s just something about your tone. I can’t seem to find the right word….”oily” maybe? I dunno. What am I missing? Are you a female? Reading that comment in an “old man” voice just repulses me, makes me think of some old perv giving away candy or something. Will you please stop commenting here and go find some other friends? Seriously. You’re just kinda… I dunno. Ugly. Yup, that’s the word. You just strike me as a really ugly person. I’ve seen a lot of odd personalities here over the years but yours sticks out, and definitely not in a good way.

          • Alwaystomorrow

            greyprepper, you said “Why does this comment gross/creep me out?”

            Maybe because you allow it to.

            You also said ” makes me think of some old perv giving away candy or something.”

            Odd you would think of that. Hmmmm?

            Lastly, yes I am hideously ugly. ;-(

  • economy of war

    military coup in brazil and venuzuela will bring the fsb backed junta into power sending the south American countries barreling to revolution.putin dream of military bases in the southern hemisphere and eventual control of south America will finally be realized

  • VigilanteCaregiver

    Sounds like China needs them some war.

  • ali

    While I agree that this economic system is not sustainable and will eventually collapse but I think it will not be anytime soon as those in control can keep their firm grip on our lives for as long as they have the power to print more and more paper and keep us in the illusion that the paper is actually worth some thing.

    • This is coming. That’s the problem with us, we take things personally. This AI does not care for the elites nor for us. It will destroy anyone and everyone.

    • alan

      Most collapses in history usually have a parallel system running before the old one dies. One system dies another takes off running in its place.
      Your 401k will disappear and your savings account will be gone but you will probably still be working for food.
      The problem is complications along with a collapse, war and famine are the big ones. The collapses is just a side show of sorts.

      • James

        Why I have a farm and bought water rights to the Oglala aquifer that I bought when I sold water rights to the Edwards aquifer to the city of San Antonio and made a huge windfall.

  • Harbinger

    At this point it is impossible to repair the global economy. We are so far down the proverbial rabbit hole, that it is extremely unlikely we will be able to stop the carnage. The globale economic meltdown is supplying a perfect example of how sustainability cannot be guided by situational values. The economic crash is occurring because too many financial entities became disconnected from fundamental values and long term sustainable thinking. The crux of the matter is that banks, lenders, borrows and shareholders pursued short term relationships on the only premise of situational values; however, when your situational values are based on a quick gains in profit, then you end up in the situation that we are in. Plain an simple we have become our own worst enemy.

    • Nemnor

      Harbinger, you stated – ”…The economic crash is occurring because too many financial entities became disconnected from fundamental values and long term sustainable thinking…”.

      The reason you gave for the “economic crash” might indeed be one of the more “immediate” (surface) reasons for the crash. However, the deeper (more fundamental/underlying) reason for the economic issues is – the world-wide Capitalist system itself – which is now decadent (due to reaching a stage of general over-production), at a “dead end’”, and is now NOT able to generate long-term recovery by economic means alone.

      The issue of over-production, in a World with virtually and practically LIMITED market and resource, is insoluble within ANY form of Capitalism (“free market” or not). Consequently, and despite the best economic plan you can imagine, Capitalism (in ANY form) is ultimately NOT sustainable and was always ‘destined’ to become decadent.

      At this point (August, 2015) the future under Capitalism is a relentless decline towards total socioeconomic collapse/chaos and/or (World) war.

      • loadnup

        Ah, yes, there you go with blaming the ole capitalist system…. tis sad but true you are so blinded in your communistic view and vice you can’t see the forest for the trees.

        • HeyAHuman

          Sorry, but capitalism is a proven failure.

          • Mike Smithy

            Whether it’s Communism, Marxism, Socialism or Fascism, leftist economic models fail repeatedly. Although imperfect, true Capitalism is the most efficient and reliable economic model ever devised.

          • Gay Veteran

            Fascism isn’t leftist. Hitler came to power in a coalition with conservatives

          • Mike Smithy

            Wrong. You make the mistake of believing that Fascism is to the right of the political spectrum. In all honesty, Fascism is to the left of the political spectrum. Liberty and personal responsibility are on the right. Fascism and Marxism are the two primary forms of Socialism, but for decades the political left has told the lie that Fascism is on the Political right.

            Fascists pursue government control of the economy, the people, and everything else. Since Fascism is statist, and those on the political right embrace personal freedom and responsibility, Fascism has no logical relationship to the Conservative ideology of the political right.

          • Gay Veteran

            and yet Hitler came to power in a coalition with conservatives

          • Mike Smithy

            Various factions among modern academia often cite that Hitler came to power with a coalition of “Conservatives”. However, this label is an oversimplification and technically inaccurate. The so called “Conservatives” were headed by a coalition of Industrialists/robber barons and by today’s standard, they would be categorized as fiscally conservative and socially liberal. Although they were staunch advocates of personal property rights, they did not embrace the notion of labor unions and the divine rights of the individual. These industrialists actually believed that they could control Hitler’s National Socialist ambitions and felt compelled to take part in an unholy alliance in an effort to thwart the political ambitions of the Communist political factions threatening control of the German Republic. In other words, conventional wisdom at the time dictated that the devil you know is worse than the devil you don’t know.

          • Gay Veteran

            yep, the German conservatives got in bed with Hitler.
            and note that the liberal Social Democrats were totally opposed to Hitler and were the first ones shipped off to the camps when Hitler came into power

          • Scott

            Only because Hitler championed his own brand of Socialism. Just like how Stalin persecuted and purged other communists.

          • Gay Veteran

            German corporations certainly profited under him

          • Scott

            German corporations were under tight NAZI control and operated by members of the NAZI party. Hardly an example of Jeffersonian free market principles.

          • Gay Veteran


            WE don’t have free market principles.

          • Scott

            And neither did Hitler. Therefore he was on the totalitarian left like the national socialist he was.

          • Gay Veteran

            “Only because Hitler championed his own brand of Socialism….”
            sooooooooooo the German Social Democrats viewed the Nazis as some sort of SOCIALIST rival.
            got ANY proof of that?

          • Nemnor

            Mike Smithy, Capitalism was/is indeed a big improvement to previous systems like Slavery and Feudalism. Along with advances in science and technology, the World indeed experienced a much more efficient, more advanced economic model under Capitalism (compared to previous systems).

            BUT, about 100 years or so, Capitalism became decadent, and had been on a continuous general decline since then. WW-I and then WW-II along with a series of (serious) recessions/depressions, are irrefutable evidence that Capitalism is decadent.

            The American Middle Class were/are misdirected into believing that (US) Capitalism is sustainable, because they failed to recognize the significant (positive) effect of the “reconstruction boom” – following WW-II. We were made to believe that it was simply (or mainly) American hard work, creativity and (US) Capitalism that made America rich and powerful. But, we choose to forget that the US actually got richer even DURING WW-I and WW-II, and was hardly affected, while most of the other leading Capitalist economies faced massive destruction of Capital (i.e. the means of production) and the loss of millions of lives.

            Additionally, much of the World was (and to some degree, still is) underdeveloped and had no chance of competing with the USA at the world stage. Plus, the USA (as an Imperialist Capitalist state) have been exploiting the resources of many other countries, to the great benefit of the USA and often to the great detriment of the countries being exploited by the USA (in the same way UK, France, etc. have done during the “Colonial era”, and still doing to some extent today).

            However, the USA and the rest of the Capitalist world, sank into an on-going economic crisis, from since the late-60s/early-70s – which was the end of the “reconstruction boom” following WW-II, and at time when most of the other leading Capitalist economies began to “catch up” to the USA and compete at the world stage for a bigger/better share of the World’s (virtually and practically) LIMITED “economic pie”. With more and more countries being able to compete with the USA, the World’s market and resource suddenly became much more LIMITED, and hence, we have a more acute stage of general over production. Hence, the reason for the on-going crisis. Hence, the reason Capitalism is now NOT able to generate long-term recovery. As soon as the system begins to “recover”, economic activities quickly gets “heated up” and then the markets get “flooded” with too much stuff (over-production), and then Capitalism sinks right back into crisis/recession mode.

            At this point, Capitalism can NOT solve the issue with over-production by economic means alone. Consequently, as Capitalism declines towards total collapse/chaos, there is the real possibility that the system bring about WW-III (eventually), as the Ruling Class (“the 1%”) look pass the massive destruction and the loss of millions (even billions) of lives, to a new “reconstruction boom” (IF we survive at all), and then start a new cycle of EVIL.

          • Horiboyable .

            USA have been socialist for year. When the takers out number the makers your time is done. We need to strengthen the family unit, get government out of the way. Here in the UK some folks thinks its ok to have children with 3-4 different fathers and then live off the state. ITS WRONG

          • Horiboyable .

            You never justify capitalism on economic grounds, although your claim is true. Capitalism is the only economic system that is compatible with individual rights. Like religion, there should be total separation of the state and economics. The system at the moment is immoral and perverse, why do people think it is ok to borrow for consumption today and then pass the bill on to your own children. Socialist are immoral cannibals, they are prepared to enslave your own children with their debt. How the hell did we ever get here to think that this type of behaviour is ok.

          • Richard Broberg

            When has real capitalism been tried in this country? Not recently.

          • James

            Pure capitalism is dangerous.

          • Hockey

            And why, because your proclamation makes it so? No examples to back up all of your Socialist idiotic and misguided ideology. I’ll give you three examples of failed Socialist Petrie dishes right here in America where Progressive Liberal Socialist have ruled unimpeded for forty years- Detroit, Baltimore and Chicago. Give me one city in America right now where Conservative views rule. Bet you can’t. I can-Colorado Springs, CO. Oh, yeah, ranked by many magazine as one of the most desirable cities in the nation in which to live. All of your rhetoric about Socialist success means nothing to me. It’s all a
            grandiose theory of your idea of a perfect world. Feel free to go live in your perfect Detroit. Enough said.

          • Horiboyable .

            When takers out number makers your time is done. Europe is about to end socialism when all their sovereign bonds start defaulting. I will just crab my popcorn, should be a good show.

        • Nemnor

          ‘loadnup’ and ‘Mike Smithy’, the fact is, for the past 500 years or so, the World only experienced Capitalism in various forms.

          What you label as “Socialism”, “Communism”, “Fascism”, “Corporatism”, etc. (and all with varying levels of government “mamagement”), are really varying forms (or SYMPTOMS) of decadent Capitalism. And this is where you all, are the ones who really “can’t see the forest (Capitalism) for the trees”.

          • onigetoc

            Give the name you want, The corupted elite will alway manipulate the system for their own good.

      • Mike Smithy

        Nemnor, please allow me to site an example as to how you are wrong. Right now WTI is selling for approximately $42 a barrel which represents a 6 year low. I can site numerous examples of how supertankers are loaded with crude waiting to be offloaded at a refinery, and yet the national average for a gallon of gas is approximately $2.59 per gallon despite the fact that 6 years ago the national average for a gallon of gas was approximately $1.87. I know what you are thinking, but no, the possibility of higher fuel taxes do not account for this discrepancy. The Obama Administration and the EPA has made it extremely difficult for for oil companies to build new refineries. More importantly, I don’t believe that Exxon/Mobile, Conoco, Sinclair, Texaco or others even care. Why would they not care? Because these same companies can now increase their gross profit margins. I have no doubt that big oil encourages the Obama Administration via the EPA because they like the higher margins and barriers to entry in the industry. Does this sound like Capitalism to you? It’s called Fascism.

        • James

          BOO HOO.
          That is why people invest in stocks like Chevron and Phillips 66.
          I have 200k sunk in stocks.
          I am putting 5k each in stocks and 2k in bonds each month.
          Comcast cable is expensive. Their stock is flying, you should have bought their stock.
          Taxes are too high.
          Interest rates on municipal bonds are growing, start buying.
          Food is too expensive
          I have a farm and stocks in Kellogg and Pepsi. Cry me a river.

          • greyprepper

            If you show me a checkstub, I’m quitting my job and working for you. 😉
            Now let’s go smoke some crack!

          • Mike Smithy

            I certainly don’t begrudge anyone for making money. Over the years, I have made a tidy sum in stawks. However, don’t be naive in understanding that easy money policies of the FED via QE are solely responsible for the artificial levitation in stawks. It is undeniable that stawks are way over valued by almost any historical metric.

          • James

            yes, but some stocks are not overvalued.
            ex ebay has a p/e ratio of 11.
            gilead sciences has a p/e ratio of 16
            apple has a p/e ratio of 13

          • Mike Smithy

            In regards to Apple and it’s recent sell-off, discretion is always the better part of valor. Let’s remember Apple shares fell nearly 50% from its peak in September 2012 to its trough in April 2013. In that case, the bears were correct and the second generation iPhone 4 (the 4S) upgrade cycle was less exciting and less profitable. Perhaps conscientious investors are fearing a repeat of that dour performance ahead of the 6S upgrade cycle which is coming as soon as next month.

          • James

            However apple does have a zombie like consumer base, and a strong and growing international presence. Its crazed sell-off is mostly due to currency factors it cannot control.
            “Buy when there is blood in the streets”
            I do agree that Apple’s lifeline depends on how well the 6s does, and I accept the risk that comes with the fact that it could be just like the 4s.
            However if it is more like the transition from the iPhone5 to iPhone6, then what we have here is the equivalent of intel in 2000. The interesting thing about iPhone is that apple with the app store still profits from the phone after it has been sold, something very rare in any sector.
            Stock market investing comes with risk.

        • Nemnor

          Mike Smithy, it is still Capitalism (though decadent), since, in the US economy, the means of production and distribution of goods and services are, by enlarge, privately an/or corporately owned (and for the primary purpose of making profits, of course).

          You may have “bad”/”corrupt” politicians and corporate bosses, running the system. And you may have regulations/policies that are not most conducive to “free market” Capitalism. But, all that is expected, particularly in decadent Capitalism, as it was the SAME Capitalism of the past (“free market” or not) that naturally and inevitably decayed into the various decadent forms we see today.

      • Marco

        I´m of the same opinion of you Nemnor……i m not capitalist or comunist…but i dont attack the system but every people.Here in my country the worker try to turn the life miserable to the other worker…while the boss try to rob every worker buy paying miserable salarys….and try to rob the government by not payng the taxes and then every money we gain he spent in a brand new bmw or mercedes, and when he sees some difficulty he declares bankrupcy and dont pay the salaries to the workers……and then the workers dont have have money to eat……but they dont revolt…..well they only bark…….And then we have our government that support the companies…..a lot of corruption…millions and millions go to waste…solution : they increase the taxes……who pay???? the people in the bottom of the scale…..but they are occupied trying to rob the government and other people….its like every people try to destroy everything around them…..if every people had honour and principiles….in a system or society where all people win…but in the end….the only people who gain are the big wolfs….and the litle sheeps loose but even those litle sheeps are not inocent…..every one is guilty…our tecnology advances but our mind not…..we are not so different from the homo sapiens… we are litle monkeys with a ipad in the hands….its inevitable that this system collapse….and a big world war becames reality….i m afraid of that but in other end i think its necessary….maybe the survivors suffer an evolution who knows… in the bible god will renew the world by fire

        • Nemnor

          Marco, I understand, and also agree with, much of what you stated (more or less).

          The ethical and moral development of the Human Being would put the discussion in another “dimension” (a bit). It is true that without “honour and (proper) principles”, no human system will ever work out with a win for everyone.

          The matter is “complex” in that one of the reasons we have systems like Slavery and Capitalism (which is indeed a modern-day “wage-slavery” system), is because of (extreme) selfishness and greed in the human mind. But then, the very existence of a system like Capitalism helps to “enforce” or “encourage” (extreme) greed and selfishness. It is like a “chicken and egg situation”. One generates the other, then the other generates the one.

          However do not be misled into thinking that a system like Capitalism (i.e. extreme greed and selfishness) is the only “natural” system the Human Race can build. I posit that the Human Being is ALSO capable of “naturally” being good and caring. That, if given a chance to build a new sustainable system, based on producing goods and services to meet the genuine needs of society- as the primary end-purpose of production, then (in due course), a new breed of “caring and sharing” Human Beings will develop, to continue and build upon that new and better system, towards TRUE abundance for ALL (with no one left behind).

      • greyprepper

        What would you suggest as an alternative? I’m not trying to provoke you or be obnoxious, I’m truly curious.

        • GSOB

          There is not one. He knows that.

          He just seeks a following after himself based on his lopsided, low information, socialist, government education.

          He is a citizen of the ‘state’ produced for and by the state to continue ‘statism’ –
          in the name of plenty for all!

          He has no solution. He calls good, bad and bad, good.

          And you do realize that all he can do, which he repeatedly does, is mock what he thinks he sees as being ‘capitalism’ causing his discontent..
          In reality, he is a discontented socialist who wants to take another swing at socialism because he denies individual rights of ownership.
          The thief comes to still and destroy.

          He deny’s Christ.

          • Mike Smithy


          • Namnor

            GSOB, I am most confident that, as Capitalism continues on it’s relentless decline, eventually, time will prove me correct (at least, more correct and with more right information, then you).

            Hopefully, God (or the Universe, or however you base your “faith”) will keep you alive long enough, for you to become aware of the delusions and superstitions in your mind.

          • Deon

            Communism has not only been proven wrong but has led to hundreds of millions of deaths. It has taken freedom away and hurt the poor which it pretended to help. It banned religious freedom. Capitalism is not perfect but it’s a million times better than communism. It’s not a surprise that your Godless since communists usually hate God and religion and freedom.

            What’s happening in the world is greed by the elite no system can stop that. The funny thing it’s being done by liberals who want totally control and a communist state. The problems are being done by your people! Communism will never work it had its chance and destroyed the world! People like you are delusional and manipulated.

      • America has NOT seen any Capitalism since the 1800’s. So DO NOT blame Capitalism. We have been living under a form of Socialism for years and years. Capitalism is the ONLY thing that can possibly save us now.

        • GSOB

          Spot on

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      • GSOB


        Socialism, communism and increasing degrees of government interventionism always lead to poverty and loss of liberty.

        1 Tim. 5:8

        • Nemnor

          GSOB, to put it more accurately, what you are really saying is – “decadent Capitalism tends to lead to more poverty and loss of liberty”.

          The fact is, for the past 500 years or so, the World only experienced Capitalism in various forms. There was NEVER any genuine Socialism anywhere. AND, since you MUST have (a form of) genuine Socialism before you can even begin to dream of genuine Communism, well… it is most obvious that genuine Communism could NOT have existed anywhere as yet. (right?)

          What you label as “Socialism”/”Communism” along with increasing degrees of government interventions are really varying forms (or SYMPTOMS) of decadent Capitalism. And this is where you (GSOB), ‘loadnup’, etc. are the ones who really “can’t see the forest (Capitalism) for the trees”.

          • GSOB

            LOL. You are so confused. I almost feel sorry for you….. but I don’t, because your arrogance won’t allow me to.

          • Infidel51

            Same old stupid argument. Socialism and communism have failed because the wrong people were in charge. This time will be different, this time will be different. Government control isn’t the cure it’s the disease.

          • Scott

            The Jamestown immigrants tried it in early America, communism in its purest form, and the result was starvation and disease despite an abundance of food and natural resources.

          • Deon

            Lol you want people to experiment more with communism? Why? Hundreds of millions of people died were not enough for you? Freedom banned was not enough? Religion banned was not enough? Everyone poor was not enough? All that in less than a century!

            Communism will never work! It’s illogical and was created and popularized for the purpose of control and power. It was never meant to help anyone but the atheist elite. Your liberal communist friends had their chance and they destroyed the world. We’re still recovering from what communists did!

            Who is going to run your communism state? What will motivate someone to work more hard? Communism is not a solution but a bigger problem. It is endless slavery pretending to be for the poor and innocent. Please go back to CNN.

          • Deon

            Nemnor want us to keep testing out socialism and communism until we get the version nemnor wants. Nemnor wants us to risk more countless lives and freedom. Genuis the world is once again headed towards communism so no need to cry. You will see again how awful it is when you live under it. By pure communism you mean one that helps society and people. Well that does not exist because communism is a evil and idiotic and Godless system. Why not come up with a new model why go to a model which has destroyed the world? Only a lunatic would think communism is the solution.

          • Scott

            “There was NEVER any genuine Socialism anywhere.”

            Actually it was tried in early America and failed miserably with the Jamestown immigrants.

        • Jason

          But then guns can once again restore those lost liberties.

      • Deon

        It’s not capitalism it’s greed and corrptuon by the elite. The same elite who are heavily liberal and want communism.

        • timetorun

          communism is just another power play that exalts one party into power while placing tyrannical controls over everyone else. the communist party members lives in the lap of luxury while everyone else is forced to be a comrade. its a sick joke and at its core, is satanic as while publically it is said to be aetheistic.

  • Do not take personally when your predictions don’t come true.

    1. Are you not aware of the time line they have on us?

    2. The inter galactic AI that records all our thoughts and emotions and moves the time line accordingly?

    3. We know even if the market crashes, the elites will be still rich…??? How is that even possible…The Warren Buffets and George Soros of the world will still rule us over.

    There are lot of equations involved. They are evil but not stupid, also this Evil does not take things personally as we do. It works on an Agenda.

    Killing humanity is not personal for it. This is the lesson we must learn. Whoever comes on its time be it may be Bush or JFK or one of their own kinds or general humans. It will destroy. It doesn’t care


    One equation that I know which tilts it for this to come 100% is Star Wars Movie. The Force Awakens.

    The Force Awakens Title has huge meaning. If you think Star Wars is Fiction..You are asleep.

    They have awakened the force. The crash is a CERTAINTY but what people are missing is that WE ARE NEVER GOING BACK. There will be no concept of stock market after this crash nor government or money etc but we will see amazing technologies being introduced just like in post apocalyptic movies.

    • leebo

      For some reason, I’m paying close attention to your words even though it sounds odd. AI is pure logic. I’ve always to myself there are two forces within the mind and over the years they have been called many different things but synonymous none the less. Logic is of darkness and emotion is of light. God is love and Satan is logic. They conflict bc of agendas just like you mention. I am also watching closely at the new starwars movie

  • nevergiveup

    Thanks for sharing. Very interesting

    • Mike Smithy

      Yes indeed. I noticed that Russian debt did not make the chart due to the amount being negligible as a percentage of GDP. My money is on Putin to come out smelling like a rose.

      • DW

        Russia is in the middle at 1/2%.

      • Nemnor

        The Russians are, in general, very intelligent people. Hopefully, they would not feel “compeled” to go to war, due to the obvious provocations from the USA and NATO.

  • alan

    Plastic bowls 5% off! If this keeps going they will be free by Christmas.

  • Alexandros HoMegas

    There is been a attack in China recently their, port Tianjin was bombed by someone who is pissed with them.

    The Collapse is already happening but there is much more mechanisms to delay the worst but the situation will blow up next month, its inevitable.

    • No proof no news… no one knows yet what happened

  • J.C

    If people are expecting a crash, why are the stocks trading higher? One day its low, the next day shooting up to the best levels in a while. Its really hard to tell when is ‘the’ crash. Perhaps the whole system is rigged. If there is a crash, then somehow it magically fixes itself to look like it has recovered.

  • grumpyhillbilly

    Stock markets crash, and those with unsustainable debt fold. It’s the way of things. The fact it will happen simultaneously will make this a nasty depression. Perhaps more problematic is education in the west is more propaganda than the three r’s. People today are just not very creative, which leads me to China.

    The Great Depression actually had its share of innovation and advancement. Yet here we see the Chinese devaluing their money to sell their junk. They must know it will be destabilizing to the international markets, and sabotage the very people needed to buy their products. Yet they still choose to do it rather than build for the future, which prior to the devaluation is what they were doing. Smacks of desperation, and doesn’t bode well for the anticipated Chinese century that was presumably liberate us all from the Great Keynesian Depression. Hopefully I am just reading too much into this.

  • James

    Yahoo, this is great.
    It is the perfect time to invest in forex as the US dollar weakens.
    A optimist sees a opportunity in every calamity.

    • Kim

      Maybe. It really depends. At the end of the day, it is a gamble, don’t u think?

      • James

        Because of the “currency war” the Turkish Lira is rising against the USD.
        To play it safe, just invest in the currencies of developing nations.
        In a recession all currencies strengthen and get weaker during prosperity.
        Economics is still a science although not a perfect science like biology

        • Kim

          Are u a forex analyst? Do u work for a firm?

          • James

            Bond analyst including the value of foreign bonds.

          • 2guest2

            James, do you hold any PM’s (gold/silver)? Your thoughts would be appreciated. Cheers!

  • James

    It is also a great time to invest in stocks as stocks typically go up after recession.
    examples that I did.
    Sold all these stocks today
    International Paper
    During recession:$4
    Today: $140
    Bank of America
    During recession:$5
    During recession:$5
    Today: $47
    Newell Rubbermaid
    During recession: $10
    During recession: $50
    During recession: $18
    Today: $40
    Now I am betting on Disney, Apple, CBS, ExxonMobil, and Sherwin Williams.
    If you want to get in on the action, make sure the company is large, has paid out dividends before, and has a solid market.

    • James

      Also look for stocks with low debt/equity ratios and sufficient cash/cash equivalents to survive if they loose money for 2 quarters.

      • Kim

        I wonder about energy stocks and bonds. Some firms bought the dip and were crushed under the assumption that the price finally bottomed out. I was just reading about Samson Resource Corp. What a massacre that turned out to be. Smart money got crushed.

        I think the price of oil will go back up but not nearly soon enough. In law there is a phrase : starve the bastards out. Whoever has the most money can prolong a case until the other side runs out of money. So hard to predict that with stocks and bonds. especially when a recession is imminent.

    • Mike Smithy

      Citing your examples, I would be interested in knowing how many of the aforementioned entities have increased sales volume or have come up with any innovative breakthrough products or services that would justify their stock price today. If not, it’s just another “Pump & Dump” bubble created by the bankster’s and their enablers.

    • Mike Smithy

      I took the liberty of conducting a query of net sales volume for Newell Rubbermaid from 2007 to 2014:
      2007-$6.4 billion
      2008-$6.4 billion
      2009-$5.5 billion
      2010-$5.7 billion
      2011-$5.8 billion
      2012-$5.8 billion
      2013-$5.6 billion
      2014-$5.7 billion
      As you can see, sales have been flat since 2009 and the company has not even come close to repeating sales volume figures posted in 2007 and 2008. Therefore, please explain what would justify a 4x increase in stock price?

      • James

        Stock buybacks.

        • Mike Smithy

          Don’t be fooled. Contrary to popular wisdom (and, in many cases, the wisdom of company boards), increasing Earnings-Per-Share (EPS) doesn’t increase fundamental value. Companies have to spend cash to purchase the shares; investors, in turn, adjust their valuations to reflect the reductions in both cash and shares. The result, sooner or later, is a canceling out of any EPS impact. In other words, lower cash earnings divided between fewer shares will produce no net change to earnings per share.

          Of course, plenty of excitement gets generated by the announcement of a major buyback as the prospect of even short-lived EPS can gives share prices a pop-up. But unless the buyback is wise, the only gains go to those investors who sell their shares on the news. There is little, if any, benefit for long-term shareholders.

          • James

            Again it is just buybacks greater than the rate of loss of sales
            That is why I sold today

          • Mike Smithy

            James, thank you for making my point. It would appear that your investment decisions are largely motivated by accounting gimmicks and not based upon solid fundamentals. Good luck with that strategy. Much like a Ponzi Scheme, it works well as long as there is a greater fool/bag holder willing to buy what you are selling. It works great until it doesn’t.

          • James

            I mostly invest on fundamentals.
            Good cash flow, low p/e ratio, solid product in a solid or growing industry, little or no competition, increasing EPS, and a healthy dividend yield.

    • Alwaystomorrow

      Why should we look for opportunities when it is easier to just talk about how we are victims.

      Of course I am being sarcastic.

      • greyprepper

        You ought to follow his example and post something productive for a change. 😀

        • Alwaystomorrow

          Lead by example please.

          • greyprepper

            Fair enough. I don’t have much to contribute though. I come here to learn. Tis better to remain silent and be thought a fool than to open your mouth and remove all doubt. To be blunt, something about you rubbed me the wrong way and I couldn’t resist the temptation to come out of my shell and troll you a bit.

    • Kim

      I think Microsoft is toast. I wouldnt buy their dip for nothing. Some of the other companies u listed seem ok. I honesy think some of the major banks are insolvent at this point.

      • James

        Yep, that is why I sold Microsoft, Citibank ,and Bank of America

    • greyprepper

      Thank you for sharing all of this info. Up to this point of always invested in the possibility of disaster. Now that I’ve built a good safety net, it’s time for me to invest in normalcy. I hope you’re around for awhile, a young guy like myself can learn loads from you. Thanks again!

      • James

        Your welcome.

  • JAY

    median incomes in emerging markets are below in developed nations. there you go, developed nations median incomes are a bubble


    we have front row seats to the global economic collapse, and resulting fall of the new world order. after fall of new world order, we will see rise human values again, self dignity, morality, badically opposite of new world order world. im looking forward to it!

    • Kim

      Me too but the transition is going to be really hard. Lucky to those who survive to see it happen but I believe it will happen! Best of luck to u.

  • James

    Cry me a river.
    To get money directly from this currency war avoid investing in CNY in forex and start investing in the stocks of Chinese/Japanese/Indonesian companies that trade in the US.
    Ex Sinopec, ICBC

  • Mondobeyondo

    Time to get right with God, if you haven’t already.

    I think the U.S. economy (if not the entire global economy) is going to collapse before the end of this year. And when – not if – that happens, all bets are off as to what will happen next.

    Welcome to Horrorland, Alice. There’s some interesting creatures here. Like for instance, the three eyed Fukushima Cat. The one with that perpetual smirk on his face, and an ISIS bandanna around his head. He attacks a movie theater, then disappears, blows up a bus stop, disappears again… The kind of life Israelis live daily now, will soon be coming to America. Sad but I fear it may be true.

  • rat28

    September will be calmer after Yellen announces no rate hike. In FED we trust!

  • Michael I know you are a religious man and I know you have taken great pains to keep religion out of your reporting.
    I commend you for that. Because so very many people will start condemning you as a religious zealot (Bible thumper etc.)
    But I believe the time has come to start to put God into your reports. The way I see it, God is very displeased with what we have done and not done and now he has removed his hand of protection from America and soon his wrath will follow.
    As Jonathan Cahn writes and says:
    Only two nations in the history of the world have ever been dedicated to God; Israel and America.
    God destroyed Israel for failing to follow his laws and commandments. Now it is our turn. Also God uses the Moon for seasons and signs, and right now there is a huge sign in the moon.
    The 4 blood moons (called a Teterad) the last of these will be on Sept. 28th. and it will be a super moon also. Just a coincidence?
    Are all the Harbinger’s mentioned in Jonathan Cahn’s book: “The Harbinger” Just a coincidence? I DON’T THINK SO.
    Oh and don’t forget about; “The Mystery of the Shemitah”
    God does NOT just swoop down and destroy a people or nation, without giving them warnings first.
    To repent and turn away from our wicked ways.
    But we have failed that. So we must accept the consequences. And the consequences will be horrific,
    Hell On Earth…

    • Gay Veteran

      if you want religious mumbo jumbo then go to Michael’s other website, endoftheamerican dream, I think you will be delighted

      • GSOB

        How would you know that?

        • Gay Veteran

          now how do you think I know that?

    • GSOB

      “Only two nations in the history of the world have ever been dedicated to God; Israel and America. ”

      Not true.

      Romans 3:11
      Flattery does not work towards the truth, but as deception for the lie.

  • Adam

    There’s no particular system to blame for this, its just a natural event and all part of the development of everything – relatively for us that means the world. The problem stems from us believing that things would continue indefinately.

    You can identify the obvious patterns though and it therefore feels like those associated with the patterns are to blame. But they’re really just along for the ride as much as the rest of us – they’re just making more money is all. We’re all at it in the West though – if you want your milk on a shelf in a supermarket or be able to enjoy a beer, the reality is that someone in the world loses out so you can have that.

    There aren’t enough resources in the world to go around, there used to be and there will be again. The oft mentioned Elite weren’t always that way and they won’t be in the future, it’ll be someones elses turn. I’m glad I got to experience my beer and the joy of my kids smiling – I have more than others but less than some and no one is really important are they and no one is really in control of any of this. Some have a better chance of survival though, and it isn’t all down to money.

    Think and plan and enjoy while you can.

    • Gay Veteran

      Zero interest rates by the Feds, meant to prop up the asset prices of the banksters, has led to massive malinvestment. And of course the savers got the shaft while the banksters rolled in the cash

  • alan

    I was thinking another thing we haven’t really seen yet is shortages.
    I think that may be the next big indicator of things going to hell quick. Now a couple things can come from this. Higher prices due to less volume of items being manufactured. The next thing is too many factories closing. Now you get shortages. Not to be confused by fake shortages like .22 ammo shortage used to drive up prices.

  • GSOB

    If I’m not mistaken, I think you meant to write
    ‘every major stock market ‘crash’…..

    You wrote:

    “Every major stock market in history has been preceded by a death cross.”

    Don’t worry. You are still very employable.


  • mike day

    To who this may concern The REPUBLIC of The United States , was a country with a Foundation of morals .Natural Rights simple laws.We have evolved into a society of fools who are afraid of Freedom. Men Women understood the teaching of the bible to ground ourselves in how to be INDEPENDENT OF GOVERMENT and to control it’s EVIL. The Need for Americans to secure our LIBERTY is for we the people to have never let the FEDCOATS CREATE THE FEDERAL RESERVE. To all Americans our enemy is those who do not want our country to be the REPUBLIC as it was founded as. My name is Mike Day I am a AMERICAN,I understand the Constitution as it was written it was a experiment for mankind to evolve into unalienable rights .The monetary systems now create chains ,dependence,uneducated sheeple ,also know as fools.

    • GSOB

      The bible also supports free market capitalism.

      “Wherever true followers of Christ have taken seriously the message of the Scripture, ….they have pushed for more freedom for everyone.”

      Thanks mike day

  • Preacher62

    Fascism, socialism, communism, capitalism…..Oooooo so many isms and all miserable failures because they are man made, man centered inventions of a world seeking to live without God as sole provider and authority. But there is a better way! “Seek first the Kingdom of God and his righteousness and whatever you need will be given to you.” The world as we know it is going to pass away along with all who belong to the world. That is why Jesus told us to come out of it and become part of his Kingdom “where moths and rust do not corrupt and thieves do not break i and steal”. God’s kingdom is recession proof, depression proof and impervious to anything and everything that seeks to do it harm. God Bless

    • Enrique R. DéZuardí


  • 2guest2

    Thanks James!

  • Jason

    My “stock”pile of ammunition is alive and well. I don’t know what everyone is talking about.

  • Rajiv Ramdass

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

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