Rapture verdict ad 1
The Beginning Of The End Ad
Gold Buying Guide: Golden Eagle Coins

Recent Posts

Archives

Michael and Meranda's New Show

Michael & Meranda’s New Show

Food for liberty
Economic Collapse DVD The Preppers Blueprint Economic Collapse Blog Get Prepared Now Ad

Alarm Bells Go Off As 11 Critical Indicators Scream The Global Economic Crisis Is Getting Deeper

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

Alarm Clock - Public DomainEconomic activity is slowing down all over the planet, and a whole host of signs are indicating that we are essentially exactly where we were just prior to the great stock market crash of 2008.  Yesterday, I explained that the economies of Japan, Brazil, Canada and Russia are all in recession.  Today, I am mainly going to focus on the United States.  We are seeing so many things happen right now that we have not seen since 2008 and 2009.  In so many ways, it is almost as if we are watching an eerie replay of what happened the last time around, and yet most of the “experts” still appear to be oblivious to what is going on.  If you were to make up a checklist of all of the things that you would expect to see just before a major stock market crash, virtually all of them are happening right now.  The following are 11 critical indicators that are absolutely screaming that the global economic crisis is getting deeper…

#1 On Tuesday, the price of oil closed below 40 dollars a barrel.  Back in 2008, the price of oil crashed below 40 dollars a barrel just before the stock market collapsed, and now it has happened again.

#2 The price of copper has plunged all the way down to $2.04.  The last time it was this low was just before the stock market crash of 2008.

#3 The Business Roundtable’s forecast for business investment in 2016 has dropped to the lowest level that we have seen since the last recession.

#4 Corporate debt defaults have risen to the highest level that we have seen since the last recession.  This is a huge problem because corporate debt in the U.S. has approximately doubled since just before the last financial crisis.

#5 The Bloomberg U.S. economic surprise index is more negative right now than it was at any point during the last recession.

#6 Credit card data that was just released shows that holiday sales have gone negative for the first time since the last recession.

#7 As I mentioned yesterday, U.S. manufacturing is contracting at the fastest pace that we have seen since the last recession.

#8 The velocity of money in the United States has dropped to the lowest level ever recorded.  Not even during the depths of the last recession was it ever this low.

#9 In 2008, commodity prices crashed just before the stock market did, and late last month the Bloomberg Commodity Index hit a 16 year low.

#10 In the past, stocks have tended to crash about 12-18 months after a peak in corporate profit margins.  At this point, we are 15 months after the most recent peak.

#11 If you look back at 2008, you will see that junk bonds crashed horribly.  Why this is important is because junk bonds started crashing before stocks did, and right now they have dropped to the lowest point that they have been since the last financial crisis.

If just one or two of these indicators were flashing red, that would be bad enough.

The fact that all of them seem to be saying the exact same thing tells us that big trouble is ahead.

And I am not the only one saying this.  Just today, a Reuters article discussed the fact that Citigroup analysts are projecting that there is a 65 percent chance that the U.S. economy will plunge into recession in 2016…

The outlook for the global economy next year is darkening, with a U.S. recession and China becoming the first major emerging market to slash interest rates to zero both potential scenarios, according to Citi.

As the U.S. economy enters its seventh year of expansion following the 2008-09 crisis, the probability of recession will reach 65 percent, Citi’s rates strategists wrote in their 2016 outlook published late on Tuesday. A rapid flattening of the bond yield curve towards inversion would be an key warning sign.

Personally, I am convinced that we are already in a recession.  There is a lag in the official numbers, so often we don’t know that we are officially in one until it is well underway.  For example, we now know that a recession started in early 2008, but in the summer of 2008 Ben Bernanke and our top politicians were still insisting that there was not going to be a recession.  They were denying what was actually happening right in front of their eyes, and the same thing is happening now.

And of course if the government was actually using honest numbers, we would all be talking about the recession that never seems to end.  According to John Williams of shadowstats.com, honest numbers would show that the U.S. economy has continually been in recession since 2005.

But just like in 2008, the “experts” at the Federal Reserve are assuring all of us that everything is going to be just fine.  In fact, Janet Yellen is convinced that things are so rosy that she seems quite confident that the Fed will raise interest rates in December

Federal Reserve Chair Janet Yellen signaled Wednesday that the Fed is all but certain to raise interest rates this month for the first time in nearly a decade, saying that gains in the economy and labor market have met the central bank’s goals.

Her comments at the Economic Club of Washington amount to the strongest indication the Fed has provided so far that it will take action at a December 15-16 meeting.

This is the exact same kind of mistake that the Federal Reserve made back in the late 1930s.  They thought that the U.S. economy was finally recovering, and so interest rates were raised.  That turned out to be a tragic mistake.

But this time around, any mistake that the Fed makes will have global consequences.  The rising U.S. dollar is already crippling emerging markets all around the globe, and an interest rate hike will just push the U.S. dollar even higher.  For much more on this, please see my previous article entitled “The U.S. Dollar Has Already Caused A Global Recession And Now The Fed Is Going To Make It Worse“.

Many people are waiting for “the big crash”, but the truth is that almost everything has crashed already.

Oil has crashed.

Commodities have crashed.

Gold and silver have crashed.

Junk bonds have crashed.

Chinese stocks have crashed.

Dozens of other stock markets around the world have already crashed.

But the “big event” that many are waiting for is the crash of U.S. stocks.  And just like in 2008, it is inevitable that a U.S. stock crash will follow all of the other crashes that I just mentioned.

Sometimes I get criticized for issuing these kinds of alarms.  But just think of how many people could have been helped if they would have known that the financial crisis of 2008 was going to happen ahead of time.

The exact same patterns that we experienced back then are playing out once again right in front of our eyes, and the more people that we can warn in advance the better.

  • suddenstop

    im in canada, they (the powers that be) are telling us we are not in a recession. i dont believe them.

    • Steeve Girard

      I am Canadian too, and I agree too. P.S. Canada does a lousy job at hiding it’s secrets. Everyone knows that, even the terrorists.

  • Imaplaneiac

    Here in ” Middle ” Georgia, when I went to fill-up my car’s tank a few days ago, Regular was $1.59 a gallon. At the nearby military base it was even LOWER: $1.53 for a gallon of Regular! I expect prices to be even LOWER next time I fill-up!

    • J B

      Love Deflation, it’s great, unless you have a Loan
      But what happens when all the Food Items they have been shrinking over the years but charging the same price, reaches critical Mass and can no longer shrink them anymore ? Inflation then Hyper-Inflation

      • pulltheweeds

        deflation ? not so far as food is concerned.
        in 2005 bottom round was two bucks a pound
        today its seven.
        after all we have to keep the gasahole fans happy.

        • J B

          You only notice it because you buy it by weight.
          Coffee, Biscuit, Cereals Chocolate Bars you buy a package, everything in a package has been reduced. Sometimes it’s even the same box with less.
          People never check the weights, they just buy the same biscuits.
          Oil is cheaper, a lot cheaper. Everything and I mean everything either has parts made from oil by-products or is used in the Manufacture or Transport.
          Somebody is making a lot of money from the Oil difference. Shouldn’t every Item that has Plastic be 50% cheaper than a few years ago. Things are being held artificially high.

          • Steeve Girard

            They are being held artificially high by a combination of taxes, held at refining and second transformation, by the governments.

          • J B

            They’re saying there’s no inflation, at the same time artificially holding prices high to avoid deflation. So I guess technically their not lying, they’re just not being truthful. If Deflation kicked in, everything gets cheaper, you get paid less, but you don’t get a reduced mortgage or loan. Which means, the Banks are going to own every brick, every blade of Grass and the more they artificially hold prices high, the worse it’s going to get.

          • Steeve Girard

            They can’t do that eternally, they will cause the money supply to run out, by stagnating it in someone’s vault.

          • J B

            Not sure, they probably could keep printing money until the end of days.
            But it only has value as long as people and other countries believe it has value. And we are now seeing countries go into recession again. With all countries represented by a single domino on a table full of domino’s, you can see where it’s going. The only question is: How Long to go ?

          • Steeve Girard

            As long as the money still holds a use.

          • J B

            Too small for toilet paper.
            Too toxic to roll a joint
            BBQ fire starters maybe
            In Zimbabwe somebody used it to wallpaper the house because it was cheaper than wallpaper.
            But there’s huge by some Governments, Buses, Trains, Ferries, Tollways, Supermarkets where you can’t pay using Cash only transfers or credit card.

    • Imaplaneiac

      No worries, J B! I’ve been in Crisis Management Mode since King Barry first ascended to his throne! I’ve prepared in every conceivable manner and detail that pertain to my lifestyle! I’m ready for the inevitable…

  • This Comment Not Deleted

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

    Published 6/25/2015.

    28 days until 12/31/2015.

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

    ——————————————————————————

    By Michael S, on July 31st, 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 urgency.”

    • LWZRGHT

      I suppose it’s only a recession if you lose your own job, right?
      In the city where I live there have been job cuts by many major companies, and it’s expected to continue for months.
      Also, keep in mind that stocks lost a ton of value since 6/25/15, and they have recovered that over time. But the losses inflicted in four days took four months to recover.

  • J B

    Here we are on Planet Ponzi…..
    So….what’s going to happen first
    1. A nice game of Thermonuclear War
    2. Economic Crisis

    Enter:

    • Uncle Scam

      Both

    • Steeve Girard

      Economic crisis, then idiots who do not know what a nuke is, will press the red button.

  • MIchael in Chicago

    Gun sales are the only thing that are up in America.

    • J B

      So are shootings, apparently.
      But also CEO pays are up, as are Bank Profits and Politicians Pay

    • greanfinisher .

      I can see what’s coming ahead as the politicians will certainly move to confiscate all of the firearms in this country.

      • Steeve Girard

        Yes they will. Nevermind, I know how to make a bow and arrows.

        • greanfinisher .

          The President makes me spend too much. Everytime that crony politician moves toward further gun control, I purchase more ammo.

          • Steeve Girard

            Will not work at first, anything that is tech based, can be controlled. Because it involves paid energy, paid machinery. Medieval weapons can be hand made from raw materials. Just look at Ukraine, the people there scavenged pavement as weapons at first because they did not have weapons. Until the pro-Russian rebels brought the weapons.

          • greanfinisher .

            The ‘80%’ lower receivers are readily available in the Internet for the AR-15 rifles, and do not have to be registered. Bring it to any machine shop, and they’ll fix you up.

      • RapidRay01 .

        Eat your hearts out ! January 1 , 2016 Texas becomes the first state that does not require concealed carry permits of firearms . Then in 2016 Texas will establish it’s own P.M. depository /bank . $ system independent of F.E.D. ! Texans will be able to make economic transactions independent of the ” Tribal ” controlled banking system ! The Second War for Independence should start shortly afterwards !

        • Steeve Girard

          I hope they know that the last guy who tried this was JFK, and it did not bode well for him.

          • greanfinisher .

            Who would have guessed at the time that the driver was the lead shooter?

        • greanfinisher .

          All that the feds need is a pretext to impose martial law in the country, and this is all that they will need to disarm the people. See what’s already happening in France.

        • SunnyFlaSnotress

          No Concealed Carry Permits?!?
          Surely you jest.. It would scare the heck out of me to think that any thug could carry legally even if they aren’t convicted of a felony yet. Google time.

        • James Godson

          In Arizona, a person over age 21 may legally carry a concealed firearm or deadly weapon without a permit within the state, except for certain prohibited locations, and must disclose the fact to a law enforcement officer if questioned.

        • Daddyotis

          In VT you can both open carry and conceiled carry without a permit…whenever you want. Has been that way for a long time. It’s great Texas is doing this, but it’s certainly not a trailblazer in this respect.

      • geoffandmarie418@aol.com

        Over a lot of dead bodies!! Think again!! There will be a civil war.

        • greanfinisher .

          We’ve been living under a tyranny since the Bush regime with the Constitution constantly under attack. For all intents and purposes, the so-called ‘Patriot Act’ has essentially stripped us from most of our Constitutional rights already. They can murder innocent Americans without due process, wiretap indiscriminately, search and seize without warrant, arrest those without charge, detain without legal representation, torture at will and incarcerate American citizens for an indefinite period with no recourse to a trial of one’s peers. Getting back to the point, most despotic regimes that I know of do not tolerate an armed populace at all.

          • geoffandmarie418@aol.com

            Stand together, something a lot of folks have forgotten to do. They can’t arrest or kill all of us!!!

  • Duh

    Welcome to The Great United States of America, where the economic data is all made up & your truth don’t matter..

    • Rick

      And why should it when all we need to do to keep pillaging the wealth of others, is to keep printing money… I’ve said it many times in the past, and will stick to it, as long as we are the world reserve currency, nothing will stop us. That is until other countries wake up and are bold enough to stand up to us, ie war. It appears this won’t be too far off. Then, the truth will start leaking, and the people will revolt. Or at least should revolt. Right now, I see Russia as being more righteous in what they are doing in Turkey and Syria than the USA. This is truth, and hopefully others will soon begin connecting those dots also. Not that we all want to get on the next plane to Russia, but it should give us momentum against what our own government is doing, and has been for a very long time.

      • Mike Smithy

        Amen.

        • I ‘m finally getting 95 Dollars an hr,….It’s time to take some action and you can join it too.It is ea sy way to get rich.Three weeks from now you will wish you have started today….

          ===============>>> Go to my account for WEB ADDRESS

    • SunnyFlaSnotress

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

      Published 6/25/2015.

      28 days until 12/31/2015.

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

      • Watchman

        You are trying to get yourself banned as well SunnyDaTroll? Enjoy your ban and comment deletion.

      • CASTIEL

        what are you waiting to happen? the end of the world? a lot of bad things already happened….

    • GSOB

      Truth? What is truth?

  • Always Grateful

    If Michael is correct, and if things get as bad as 2008 or worse I am grateful because I do not see a 1% change in anything in my life.

    Today my company announced we are falling significantly behind in fulfilling orders and we will start working 10 hour days and Saturdays.
    I hate overtime.

    My wife and I will be leaving For Naples Florida in 2 weeks for 3 1/2 for our yearly vacation. (Already pre-approved at work).

    We just bought (paid for) a new vehicle.

    We have had Zero debt for well over a decade.

    Everything financially is going great for us.

    I honestly get that things look terrible. I get and understand everything Michael writes about. I know the current path that the world is on is unsustainable. I honestly am just not experiencing anything at all like that at all.

    I guess that is why when I post my countdown many people take offense to it and tell me a collapse is already happening. I believe you. It is just that everyone is not doing terrible. Many, but not everyone.

    I try to base my opinion of things on my personal experience and not the experiences that everyone else is having.

    Again, I am not blind, foolish, etc. And yes I have what I believe is a sufficient supply of resources of all types (preps).

    I wish the best to anyone who has not been as fortunate and lucky as my wife and I have been.

    • Green tip

      Alright enough with the bragging otherwise your going back in my $hit pile

      • pulltheweeds

        LOLz

    • Steve Bergin

      When Armageddon occurs, what you have will be taken from you! I hope you have an arsenal of weapons and food stocked up! But, eventually you will run out because you will be pinned down in your own home.

      • mtntrek3

        Not that I want it of course, but that is coming eventually. Lawlessness, dangerous times as the Lord said.

    • mtntrek3

      Count your blessings, things can turn south in a heartbeat as I’ve found in my life.

      • Always Grateful

        I am very very grateful.

        • GSOB

          Me too.

          The redemption of the body =
          the rapture.

        • mtntrek3

          Hope you’re good fortune continues. Take care.

    • GSOB

      Luck is not a factor.

      • Always Grateful

        Shhhh. I know. That was an attempt to try to be nice.

        • GSOB

          Kindness that can kill

    • Always Tomorrow

      Green Tip, see how easy it is to get deleted?

  • Dow 25K in 2016.

    I saw that the IMF is making the Yuan on of the world’s reserve currencies. What are the implications for the dollar and euro?

    • Jacynthia Read

      Not good.

    • If I’m not wrong it will be part of the basket of reserves currencies only in October 2016. Announcing it now is more to prepare the Financial Market for a new player in the reserve currencies scheme.

      Although, I’m not sure the IMF had any other choice considering the weight of China in the Market, and the fact that, as weak as they are now, the BRICS are increasing their abilities to circumvent the use of the Dollar for their exchanges… noteworthy is the fact that the EU, few months ago, made also a deal with China to avoid – for a certain amount – the use of the Dollar for their import/export with China.

  • Dow 25K in 2016.

    Anyone who thinks the economy is recovering needs to visit the U.S debt clock website.

  • Dow 25K in 2016.

    I hope the FED is stupid enough to raise rates. More people need to see how truly corrupt the Fed and other institutions are.

    • df NJ

      Rates this low punish savers. Why should savers be taxed to support speculative banking in emerging markets?

      • RedSky

        In the Netherlands, i.e. Belgium, you have to pay the bank to keep your money.

        • Netherlands and Belgium are not the same countries… but, yes, in Belgium you pay the bank to keep your money, and the interest on your savings are ridiculous…

    • RedSky

      They will not raise rates. You can buy cars and houses again with very little down I hear in some places. It’s the only way, they can keep it going.

    • Cyber Revengeance

      FED will raise rates

      • GSOB

        You think?

  • HM

    The world is not just on the edge of the greater depression; we’re over the crest and sliding downhill fast. Even the mainstream media will have to admit it eventually. Right now they’re reporting ” a few bumps” on the road to recovery.

    • Steeve Girard

      Hey they said since 2005, with real numbers! Read the article. Which remind me I gotta repair my stamp, got to set it for 2005 rather than 2007. Then I’ll re-stamp it on the world economy.

  • K

    As usual, many will be warned, but few will listen. I warned my friends before the last crash. 15% listened, 85% did not. I suspect much the same this time.

    • RapidRay01 .

      Your name would not be Noah , would it ? At least you had a better batting average at 15 percent , the last time around .

    • Mondobeyondo

      And they won’t listen this time either. But they WILL listen to Kim Kardashian and Monday Night Football.

  • Pandadude12345

    Then I shall buy as much gold as possible.

    • df NJ

      The price of gold has been dropping like a rock.

      • RedSky

        It will not be long and gold will be below $1K/ounce. It seems to be the trend.

    • Steeve Girard

      They will confiscate it

      • Pandadude12345

        Not before I move to Panama.

  • Liberty First

    If God forbid this savage terrorist act in San Bernardo had been conducted by the jihadists on Wall Street, we would see an immediate severe correction. Pray for peace.

    • df NJ

      More people die from poverty every year than terrorist attacks but I don’t see you voting for liberals who promise to feed the poor.

      • Liberty First

        Yep. Not going to happen. They usually feed themselves and their own power first.

        • df NJ

          Corruption in government should be what prisons are used for!

      • Jacynthia Read

        That’s not true.Over 50% of people in this country are on some form of welfare. Food stamps are at a record high. They are not dying of poverty.

    • Gay Veteran

      better the banksters on Wall Street than regular people in San Bernardo

  • df NJ

    The banks are making money. The Fed doesn’t care about anything else. As long as the banks are making money the economy is doing fine.

    • Jacynthia Read

      In a sense you can say the banks are making money, but they carry a very high derivative load. All it take if for one block to fall, or card to be pull, and it all comes crashing down, and so does whatever you have on deposit.

      • GoldenGirl

        You are speaking my language. :)

      • Steeve Girard

        Even if you have solids they will confiscate it. So it has no point. I think self surviving skills will be more valuable than anything else. Especially knowledge about wild foods, shelter building and basic medical training.

        • RapidRay01 .

          I have heard that a lot of individuals , who have purchased P.M’s have had an unbelievable number of boating accidents , loosing all of their P.M.’s

          • Steeve Girard

            No kits, no gimmicks, just ingenuity, you got a brain use it.

        • Jacynthia Read

          You’re right. Just look at what will happen to the Greek people come January 2016. The goons will be going door to door to confiscate their money, precious metals, and person jewelry.

          My husband come from a long line of farmers. We know how to survive and which wild plants are good for food and which are good for medicine, but others are not that fortunate. That is why we must do all we can to look out for others and warn them of what is coming so they can prepare. There are many good books on the subject. They just need to know they need to look and prepare.

    • RapidRay01 .

      Make that the ” Tribal Money Changers ” are making fiat ! $$ . Only by identifying the real perpetrators , Biblically speaking , most Americans will never make the connection ! The Banksters are the ” Money Changers ! “

  • jonodough

    I’ve been hearing and reading this the last three years. Yawn.

    • df NJ

      If things were really bad Barry Sanders would get elected with his FDR style depression rhetoric.

    • Jacynthia Read

      And so they said in the days of Noah until the flood came and took them away.

      • df NJ

        You really believe the fairy tales in the Bible?

        • GSOB

          They are not tales. You need to face reality some day soon.

          • Gay Veteran

            find that ark yet?

          • John Doe

            Find that blob of goo you atheists think we’ve evolved from yet?

            You don’t like God because you don’t like moral constraints.

            “For the wrath of God lis revealed from heaven against all ungodliness and unrighteousness of men, who by their unrighteousness suppress the truth.”

          • Gay Veteran

            moral constraints? all you have to understand is that you can do what you want so long as you do not harm another.
            awwwww, but then the priests and the preachers don’t get a piece of the action

          • GSOB

            In the days of His flesh, He offered up both prayers and supplications with loud crying and tears to the One able to save Him from death, and He was heard because of His piety.

            Although He was a Son, He learned obedience from the things which He suffered. And having been made perfect, He became to all those who obey Him the source of eternal salvation,…

          • Gay Veteran

            and did the princess kiss the frog?

        • John Doe

          You really believe your school book? That your ancestors crawled out of the ocean?

          THAT is a fairy tale.

  • df NJ

    If velocity of money is important maybe its time to have some good old Keynesian economic spending policies and raise taxes on the billionaires to pay for it. What else can we do? Corporations are never going to raise wages. The economy needs a kick-start.

    • Jacynthia Read

      You won’t get it by killing the goose that laid the golden egg. I learned a long time ago, that which you wish to destroy you tax. ECON 101.

      • df NJ

        Pure BS. We had 90% tax rates during Eisenhower’s administration. Just put rates back to Clinton era levels. And change the tax laws is there is more incentive for company’s to build equity in the stock as opposed to pay CEOs cash.

        “During the eight years of the Eisenhower presidency, from 1953 to 1961, the top marginal rate was 91 percent. (It was 92 percent the year he came into office.)”

        • RedSky

          Why are so few individuals making all the money? We all know the middle class made them wealthy and now that’s gone. Only a matter of time for CEOs to become an endangered species.

      • Scott Comin

        Then why we’re we the most prosperous after WW2 for about 50 years when taxes on the richest we’re the highest

        • Steeve Girard

          Because everything civilian was destroyed or taken apart for the war effort. They had to rebuild it all.

        • Jacynthia Read

          The middle class was taxed at about 2%. The upper classes had so many loopholes that they paid very little. I’m not sure what corporations were taxed at that time, but it was far less than the 39% of today, and they didn’t have the mountain of regulations that today’s business world faces. We were also a manufacturing base. That’s not true today. High taxes equal economic death. If you don’t see it now, you will soon. Europe will face the axe first, then Japan, and finally us.

    • Steeve Girard

      They will try to move it and hide it, the only rational thing to do in the end, might be what Argentina did. Civilian seizure of their corporations.

  • greanfinisher .

    Facing another recession in the United States? How you exaggerate! With a 23.0% unemployment rate (Shadow Statistics.com), any economist worth his salt will tell you the country is still stuck in a full blown Depression.

    • Steeve Girard

      That is exactly what I have been saying.

      • greanfinisher .

        What we’re actually facing is the second trough of this Depresssion, and my indicator says that a period of deflation is just over the horizon. In fact, it’s going to be mighty rough sledding for the forseeable future as this is a service economy, and not an industrial one. The latter is what pulled the country through at the outbreak of WWII, but that’s not going to be the case here.

        • Steeve Girard

          That will only happen when governments will have been gut like pigs. Which means when the money they use becomes useless.

    • RedSky

      So many vehemently deny anything is wrong with the economy. Why can’t people just talk about it? Some cannot even think about it much less utter a word regarding this “slow down.” This is just the new normal or so it seems.

      • greanfinisher .

        Many are living paycheck by paycheck so their mindset is attuned to a virtual state of denial.

  • MaxRockatansky33

    Markets are on rise. Consument spending are on the new record high. Bull train is going into new highs and we should play a Jazz.

    • samurai sword

      Don’t forget to reinforce your superior investing skills by reminding the proles that you are making a killing shorting the euro.

      • MaxRockatansky33

        That was a sarcasm 😉

  • mtntrek3

    So….. what does everyone think about the futures of gold/silver? Will they go back up with the dollar collapse, or stay flat/continue to retreat? I recall in Revelation where people will toss their gold into the streets due to no value. Think it and silver will go back up for awhile after the collapse, then fall, or just continue to fall?

    • HeyAHuman

      The precious metals market is manipulated beyond belief. They keep the prices low so that they can throw tons and tons of silver from industrial products in landfills every year . That being said, after taking care of the essentials (food/water/guns/etc), I’d say that precious metals are your next important investment. If (actually when) our fiat currencies collapse, silver, gold and other precious metals are likely to become a sort of default barter currency.

      • mtntrek3

        O.K. Yes we’ve been stocking up on the food, water filters for our wells and ammo for the rifles, shotgun and revolver. We have some silver, but to me the more important items are the food/water. Also have back up heat with extra propane /wood/kerosene. We have extra batteries for the radios, flashlights, etc. Like the wife and I realize…..this world isn’t anyone’s home, but we’re keeping our faith in the Lord first of all and then prepping in certain ways for what life brings in this world. Thanks for the info. Chris

        • df NJ

          After the collapse of mankind what do you preppers do if you need an appendectomy?

          • HeyAHuman

            Nice non sequitur.

          • GSOB

            Field surgery

          • mtntrek3

            That could be the end for us in this world. With faith in God through Jesus we’ll be with him afterwards thankfully.

      • df NJ

        Maybe prices are not dropping because of manipulation but because there is an ever increasing supply. New types of Ground Penetrating Radar and Electromagnetic Induction can profile the earth just like an MRI scan of your body. Probably every pocket of gold on the planet has be cataloged.

        • samurai sword

          Manipulation of gold and silver has never been more blatant. The metals have been subjected to massive short selling by bullion banks acting on orders from the Fed. Because the price of the metal is determined in the futures markets (where contracts are traded and settled), an excess supply of paper gold depresses the price of physical gold.

          If every pocket of gold has been cataloged, then obviously the supply of the metal is finite. Meanwhile, demand continues to increase.

          Currently, demand is outstripping supply, as evidenced by the worldwide squeeze on inventories. In fact, at COMEX warehouses, the amount of gold available for delivery is at record lows.

          So demand is increasing, supply is limited and decreasing, but the price continues to drop. If this isn’t the result of manipulation, I don’t know what is.

          With mining companies taking it on the chin due to the artificially depressed price, don’t expect an increase in supply anytime soon, either.

          • HeyAHuman

            You’re absolutely right. There was a spotlight on this issue about five years ago, when there was an attempt on a trader’s life after he blew the whistle to the CTFC about JP Morgan’s blatant market manipulation. His name was Andrew McGuire. Somebody committed a hit-and-run on him his wife. There were patrol cars and helicopters chasing the perp before he was caught, and they never released info about him afterwards.

          • samurai sword

            Yes, no doubt the perp was “disappeared” after he fumbled his assignment. As they say, dead men tell no tales.

            Paul Craig Roberts and Dave Kranzler have written several excellent articles on the relentless price suppression of gold and silver, and they, too, point the finger at JPM and HSBC (as agents of the Fed). I think they mention the McGuire saga as well.

            People who expose high-level corruption often do so at the cost of their lives. The psychopaths who manage the Casino known as the financial markets need an continuing supply of unsuspecting gamblers to keep the game going. If players find out the tables are tilted, they might cash in their chips and go home. Then the House closes down. Or is forced to close down.

            I had forgotten about Andrew McGuire. And all that trouble for trying to do the right thing.

          • GSOB

            “People who expose high-level corruption often do so at the cost of their lives.”
            That is TRUE!

      • samurai sword

        Anybody who’s been watching the COMEX should be amazed at the level of short selling going on. Because the price of physical gold is determined in the futures (paper) markets, where contracts for delivery are often settled in cash, the excess “supply” drives the price down even while demand for the metal is exploding.

        Gold (and to a lesser extent, silver) is beaten down for a number of sinister reasons, but one sticks out above all: to discourage investors from seeking alternatives to dollar-structured assets that are not under the control of the Fed or its proxy institutions.

        When you own and hold physical gold, you have effectively eliminated counterparty risk. You have, in effect, become your own banker.

        We are well on the way toward recognizing alternative currencies, at least outside the gilded hallways of the District of Criminals. Unlike the bathroom tissue called “Federal Reserve Notes,” gold and silver are a timeless store of value.

        • Steeve Girard

          Until ownership declared illegal, and confiscated.

          • samurai sword

            That day may indeed be coming. Or not.

            In the meantime, it never hurts to exchange some of your federal reserve toilet paper for precious metals.

      • samurai sword

        Btw, haven’t heard much from the usual stock market shills lately.

        You suppose they decided to take the red pill?

        • HeyAHuman

          One can only hope. That sort of foolishness is so extreme that if they aren’t hired shills, then it’s kind of frightening that this type of brainwashing and denial exists lol.

  • Illegal

    The corporations won’t let the stock market crash utill they have a signed TPP etc. Then they can let it crash because they will now control all countries.

    • RedSky

      Yeah, like letting NATO fight their proxy wars. I guess they think they have their bases covered. This may back fire.

  • df NJ

    Google “U6 Unemployment Rate” Since Obama got in office it has been a disaster.

  • Steeve Girard

    (Laughing without any bounds)

  • Jim Clark

    I love to buy useful things at discount and if this tinfoil crackpot is right (which is less often than broken clocks), I can do it soon with stocks. As my hero Nathan Rothschild said, the time to buy is when there is blood in the streets.

    • Steeve Girard

      Buy now! People are getting killed in Candem, Baltimore. Detroit and San Bernardino.

      • df NJ

        There were two mass shootings yesterday and the amazing thing is the one in GA is not even news worthy!

        • Steeve Girard

          No rich people in GA. (Just kidding… I did not want to make a racist comment (my religion forbids it), but it was tempting, for humor purposes only)

  • WK

    Prove that you knew the 2008 crash was going to happen ahead of time, Michael, Your comment in the next to last paragraph tends to suggest you were prescient in 2008, prove it.

    Being right once in every 7 years does not mean anyone is prescient, it only means a dead clock is right twice a day. Unless you can show you actively forecasted the Great Recession before it happened, I do not care for how you are drawing inferences that you necessarily are authoritative today just because of what happened in 2008, 2015-16 may or may not have anything to do with 2008, and it is BS of you to link these like you have to hint you have expertise today because you are forecasting to happen today what happened back then. I wish I could make a living being a charlatan like that.

    • jox

      Have you anything to say about the 11 indicators full of data that Michael provides? Or only ad hominem attacks?

      • WK

        Well I wouldn’t know since Michael decided to remove the comment. While Michael does significant research, my issue with him is his incessant negative cast and self aggrandizement when a recession does happen. Various pundits have forecast negative results since the Great Recession in 2008. I wish my predictions could be right once every 7 years. I realize the title of his blog, but he could do to sprinkle some positive indicators when called for as well to add credibility to his points from others that may be visting his blog for the 1st time.

  • Beowulf73

    I bought 300 gallons from a retailer in Kansas that delivered it to the farm for $1.95 last month….

    • Mike Smithy

      Sweet deal.

      • GSOB

        Here’s a sweet deal…..

        For the unbelieving husband is sanctified through his wife, and the unbelieving wife is sanctified through her believing husband; for otherwise your children are unclean, but now they are holy.

  • df NJ

    Science can solve all our problems if we only had the political will:

    New plasma-based method to treat radioactive waste

    “Physicists at the U.S. Department of Energy’s (DOE) Princeton Plasma Physics Laboratory (PPPL) are proposing a new way to process nuclear waste that uses a plasma-based centrifuge. Known as plasma mass filtering, the new mass separation techniques would supplement chemical techniques. It is hoped that this combined approach would reduce both the cost of nuclear waste disposal and the amount of byproducts produced during the process. This work was supported by PPPL’s Laboratory Directed Research and Development Program.”

    • Steeve Girard

      If we were enough biologically evolve to listen to science, we would have done so. But we are still stupid Cave-mans, with most (not all) of us worshipping they great prophet leaders and their dangling wieners between their legs. Tell us that in 200 centuries.

      • GSOB

        If you teach that we come from apes, what’s to stop people for acting like monkeys?

        Perhaps you are not thinking that?
        Maybe,
        from goo to you by way of the zoo?

  • Sunny

    testing

  • CharlesH

    Michael, I for one totally appreciate all the hard work you put into this website – I use it consistently. I’m almost in awe of the number of people that I talk with and they truly don’t have a clue how bad things are in our overall economy. If it’s not affecting them personally – like in their face – if it’s not interfering with their FaceBook, Twitter or Instagram moments, then they are oblivious to it. While I’m aware and do what I can to try to protect myself, I really do worry about many others and particularly children. We’re heading into the outer wall of a horrific storm which lies just ahead and there is absolutely no way to avoid it.

  • df NJ

    Oil is down 40% over the last year. Gold is down 12.75%,

    Since 2011 the DOW is up 64%.

    Consumer confidence is way up since 2008.

    What does it all mean? If this is the end of civilization you would think there would be more rioting in the streets.

    • jox

      Things take time to develop. You can print money to keep people happy, but that doesn’t last. We will see how long will the FED and ECB keep the music going.

      • Evil_shadow

        not for long, EU is shattered; from kicking out(soon to be) greece from schengen, nonexistent plans for what to do with refugees and terrorists, nonexistent economy and monetary plans…All they can agree is, that PEOPLE SHOULDNT BE ALLOWED TO POSSES “assault like” firearms and semi automatic handguns( so long Glock 17, i’ll miss you)…I wonder how will we fight back radical islam without weapons..those fools sports full auto AK’s and such….

  • Sunny

    Thank you Michael for all the research. I always look forward to the interesting facts on your blog you post. I sincerely hope your research reaches out to as many people as eyes can see. But the truth of matter is normalcy bias is the real killer. It effects both smart and dumb people of rich and poor. So what is the definition of real smart person. Is it a person with a big think tank consisting of infinite retention and retrieval, high critical thinking and great at analyzing information …perhaps. But I think the single most indicator of intelligence is gathering factual information and connecting the dots to predict the future…and being proactive about the outcome. I am a student of science like your self and I love psychology. If you study the 16 personality types by Myers and Briggs, it will reveal where each of the 16 personality types fall under. I suspect you are an INTJ or INFJ personality type. Those personalities only make up 1-2 percent of the general population. I tried to spread your news but I just got a bunch of BS from people. So I just stopped trying after I got negative feedback from people saying I was too pessimist and that I depressed them, lol. Anyways, thank you for all you do and perhaps more people will wake up to reality before its too late. By the way, I am an INTJ.

    • jox

      I understand you. I stopped too.

    • Philosopher

      I don’t believe in psychology. Just another cult.

  • IqaluitZen

    Easiest way to solve this problem is to raise minimum wage to at least $10 immediately. The wealth gap is what is creating the mess. The bigger the gap, the bigger the mess.
    I hope the 1% have very high fences and gates, because the 99% are going to be hungry and angry (and in ‘Murica, very heavily armed).
    It’s in the best interests of the rich to have a middle class that is employed. Otherwise you get tons of gun violence and worse.

    • GSOB

      LOL

  • DJohn1

    Humpty Dumpty has had a great fall.
    All the King’s horses and all the King’s men
    cannot put Humpty Dumpty together again.
    This little ancient poem says it better than anything I could comment on. In history, poems such as this were used in times of great censorship. Disguised as nursery stories, they commented on ages past.
    Nice detail work on the economic collapse.
    What we have to look forward to is some genius level person putting the economy back together again after the next election.
    The entire economy is broken right now.
    The inertia is what is keeping things going.
    Once that inertia is spent, then it will hit the stock market as well.
    The question isn’t that it is happening. The question is when?
    Meaning someone will become very poor over night.
    Someone else will become very rich over night.
    The problem is how far down will it go and when.
    If in 2008 someone knew it would go down as far as it did, they would become very wealthy by betting on the down market price of stocks.
    But if they bet half way, then they would also lose millions as it continued to go down. Meaning they would have to wait while it recovered. Only billionaires can afford to do that.
    That genius I spoke of? The entire system of taxation has to change.
    The world market view has to change to incorporate the majority of people in a working class situation back into the plan.
    Someone has to negotiate new terms of agreement with countries literally stealing us blind.
    The entire health insurance industry has to change for the better.
    The entire prescription industry is going to have to be regulated. Right now prescription drugs are stealling people blind with over pricing.
    It goes on and on. Because so much is wrong right now.
    Will it come back?
    In situations where poverty has been a real circumstance in my life, I only know one way to bring it back.
    Listening to God. Humbling oneself and in your secret place praying works. That is personal experience talking.
    Straightening out this country is a major job. I do not even know if it is possible to do it right now. But if I were in a leadership position that is how I would do it. I have no desire to become a leader of anything. I am happily retired.
    There is much in politics in a name. If you have a good name and you work towards keeping that good name intact no matter what the cost politically, people will vote for you over anyone else.
    And that is what it is likely to take for the next leaders of our country.
    Hopefully those leaders will get elected and will change things in our near future.

  • Mondobeyondo

    The Great Recession never totally, completely ended.

    We just happened to be in the eye of the hurricane for a little while, from about maybe 2011-2012 to right now. The economists and politicians, with great success, convinced themselves and the masses that the storm was over and it was time to rebuild. Buy more lumber. Buy some furniture! Buy a 60 inch HDTV. Take out a second mortgage. Flip some houses. Take a vacation! (but check the State Department for terror alerts). It’s just like 2005 before this ever happened! Life is beautiful!

    Prepare for the “back side” of the hurricane to strike. Batten down the hatches, cause a hard rain’s gonna fall. This is not over. Not by a loooong shot.

  • Richard O. Mann

    Hey Duh, you got that right.

  • Ms

    I can’t wait until it all actually falls into place and when the news gets out there. People will have no idea what has hit them. They will be utterly stunned. They deserve it too. Everyone has been given a fair chance to educate themselves and prepare and all those who ignored these warnings will get exactly what they deserve. Can’t wait.

    • GSOB

      “I can’t wait until it all actually falls …”
      Yes you can and yes you will and then you’ll regret that you couldn’t wait.

  • Ms

    I’m just waiting for the time when people wake up in the morning, theck their dumb-phones and see that chaos has erupted. 90% of the people will have no clue what to do when they hear that everything has crashed. No more gas for your big suv and no more gallon jugs of coca cola and microwavable dinners for them. It’ll be waiting in line for days at government assistance points after shtf for food and they will even be surprised when the government doesn’t help them. And that will be their only slim chance at surviving it.

    • Maddog

      As far as I’m concerned the world has already collapsed into a immoral, corrupt, selfish cesspool and there is no need to wait, the SHTF.

  • gfmucci

    Here is the diagnosis for those refusing to admit we are in deep economic doo doo: The evidence has been so persistent, so continuous, and so evident over the past several years that many have become desensitized to the obvious evidence all around. It’s like addicts getting no more kick out of the same amount of drugs. They need more until their bodies give out. That “body” is our economic system. It, too, will eventually give out when more abuse is piled on.

    • GSOB

      Yep… that Hollywood living will definitely kill the economy.

  • true grit

    Could be that the military joins the people

  • AzDi

    I agree we are in a recession, however I really think it is a depression when you see all the unemployment, all the food banks, all the part time jobs, etc. This has been happening for many years and I wonder how much worst it will get!

    • Maddog

      How much worse? I believe we will see mass starvation, unprecedented suffering from disease, looting, rape and murder. When? It has already started in many places around the world.

  • Jazz

    Good buying day today in the US markets. Buy the dips!

    • Watchman

      Hey Zazz you must be in an alternate reality. Oh wait you aren’t and are just a pathetic little troll. Nice try there Zazz. Oh what’s the matter you don’t use those silly little avatars and pictures anymore?

      The only dip you are buying is the troll dip which obviously has rotten away anything you have left.

    • John Doe

      You’re a dip…sh!t

      • Jazz

        Jesus loves you. May He bless you with wisdom

        • John Doe

          He loves you as well. May he bless you with humility

          • GSOB

            Let the Light come in and shine so we can see dear Lord.

  • Jazz

    Mr Walker thought the S&P was going down to 1400. Lmao!!!! Good call buddy. That’s why I do the opposite of your trades!

    • Watchman

      Lol who is this Mr Walker you keep talking about you delusional Zazz troll. What’s the matter you losing your sanity you poor pathetic and foolish little troll. Now back to your troll farm and a Gulag for you.

  • carson

    I made a ton on stocks and still have others and will have plenty of money in the future…but then some guy came along and said I have to have a ‘mark’ to access my money, so all the money’s forfeit, unless I take that mark.
    Storing up wealth for the day of wrath such are the blind of the world not in Christ. In Noah’s and Lots day’s like today they made grand plans for many years to come never stopping to seriously ask and seek God and wait for an answer they planned of their own accord. Didn’t work out so well for them.

    And don’t take the mark, life doesn’t consist of money/possessions or even the tent of the body, but in Christ is the only life.

    The economy will be brought down because it gains them further control and steps closer to a cashless mark type system, all preps for their coming man and his ways.

    • Jazz

      Choose you god wisely: Jesus or money. You cannot serve both masters

      • GSOB

        Correct. Jesus is not a hired hand.

  • Gay Veteran

    LOL, our military can’t defeat goatherders in Afghanistan.
    and just what we need, little theocracies in America

    • GSOB

      By definition, there can only be one God and if He is not in control, then what kind God would He be then?
      Did you know that there is none like Him? He alone is the true God?
      Jesus Christ

      • GSOB

        1. John 10:18

        2. 1 Peter 1:20, 21

        3. Revelation 13:8

        4. Acts 20:28

        • GSOB

          Hebrews 3:6
          So much for man made temples

          • Gay Veteran

            the parrot is talking to himself again!
            Polly want a cracker?

        • Gay Veteran

          awwww, the parrot is talking to himself

      • Gay Veteran

        “By definition, there can only be one God….”

        where did you pull that out of? tell it to the polytheists

  • pookieamos

    Before the collapse , Obama will outlaw guns , knives and other tools of self defense. Then Martial Law will be announced giving him control of all food supplies, energy supplies , transportation and our homes. Then WWIII commences……

  • TripWire

    WHAT GOES UP, MUST COME DOWN!
    No worries, Zion has control!

  • Mike Smithy

    True.

  • GSOB

    Christ is on the throne.
    Abide in Him and He will abide in you and you will bear fruit that remains.

  • Philosopher

    Indeed.

  • GSOB

    All this means is that prosperity may be dangerous with or without government intervention.

  • Priszilla

    Oh well. It’s Christmas. And bubble deflation. Nothing to worry about if you are prepared.

    I just bought me a nice recycled laptop for half the price of a new one. And I might get another one.

    Need to sell all my old stuff though. To make more space for tins and spices.

  • ShooterMcGavin

    If you look at the data, recessions/depressions have been a very intimate part of the US economy since 1785, with time in between recessions being an average of 4 years. The global economy isn’t much different. Recessions are nothing new.

    The world isn’t going to end. Global economies aren’t going to completely fail. You should worry less about losing your crappy job and more about building a life worth investing in.

  • geoffandmarie418@aol.com

    At times Americas greatest threat come not from terrorist or a threat from overseas, but from a threat much, much closer to home!!! Some of the people who run this country are just as big as a threat as Osama Bin Ladin, just in a more subtle way!!

Rapture Verdict Ad1
Ready Made Resources 2015
New Self Defense Tool
High Blood Pressure?

Silver.com

Lifestraw
Economic Collapse Investing
Lifesilver
Panama Relocation Tours
The 1 Must Own Gold Stock
The Babylon Code
180x350
Marzulli Gift Offer
Coach David
Solar Wholesale
Karatbars
Another Global Crisis
ProphecyHour
JatoProducts-banner
Facebook Twitter More...