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European Stocks, Chinese Stocks And Commodities Are All Crashing – Are U.S. Stocks Next?

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European Stock Market Crash - Public DomainA global stock market crash has begun.  European stocks are crashing, Chinese stocks are crashing, and commodities are crashing.  And guess what?  All of those things happened before U.S. stocks crashed in the fall of 2008 too.  In so many ways, it seems like we are watching a replay of the financial crisis of 2008, but this time around the world is in far worse shape financially.  Global debt levels are at an all-time high, the 75 trillion dollar global shadow banking system could implode at any time, and there are hundreds of trillions of dollars in derivatives that threaten to wipe out major banks all over the planet.  The last major worldwide financial crash was almost seven years ago, and very little has been done since that time to prepare for the next one.  If global markets do not calm down, we could see carnage in the months ahead that is absolutely unprecedented.

For months, European authorities have been promising us that a “Grexit” is already “priced in” to the markets and that any “contagion” from the Greek crisis will be “contained”.  Of course everyone knew that was just a smokescreen.  Just in the past couple of days since the Greek “no” vote, European stocks have already been crashing.  The following comes from Zero Hedge

Does this look contained to you?

Portugal, Spain, and Italy all collapsing…

European Stocks Crashing - Zero Hedge

As I mentioned at the top of this article, European stocks started crashing well before U.S. stocks started crashing during the last financial crisis.  If you doubt this, just look at this chart, and this chart and this chart.

Will the same thing happen again this time?

And just like I have warned repeatedly, European bond yields have started to soar.  When bond yields go up, bond prices go down, so many bond investors are losing a tremendous amount of money right now.  Here is more from Zero Hedge

Who’s next?

European bond risk is anything but “contained” as GGB 10Y Yields top 18%…

European Bond Yields - Zero Hedge

If there is not a last minute deal between Greece and her creditors, what we have witnessed so far in the bond markets will just be the tip of the iceberg.  In the months ahead, we could witness a bond crash unlike anything that we have ever seen in all of history.  Just consider what Egon von Greyerz recently told Eric King…

There is no liquidity in this market and this is where we will soon see a problem. We will see the bond market totally seizing up in the next few months. Eric, people simply don’t understand that this is a much bigger problem than Greece.

So we are talking about a worldwide problem, not just a Greek problem. The majority of the $100 trillion bond market is worthless, and of course a ticking time-bomb of over $1 quadrillion worth of derivatives is linked to that. This means that, sadly, we are heading into a major contagion that will lead to financial catastrophe for the world. This will also lead to an implosion of all bubble assets across the globe.

Hmm – there is that word “derivatives” again.

It is funny how that keeps popping up.

As things unravel over in Europe, a lot of desperate Europeans are feverishly purchasing physical gold.  The following comes from Bloomberg

European investors are increasing purchases of gold as Greece’s turmoil boosts the appeal for an alternative to the euro.

Demand from Greek customers for Sovereign gold coins was double the five-month average in June, the U.K. Royal Mint said in an e-mailed statement. CoinInvest.com, an online retailer, said sales on Saturday and Sunday were the highest since Cyprus limited cash withdrawals in 2013, driven by a jump in German, French and Greek buyers.

Investors are searching for a safe haven after Greece imposed capital controls, closed banks and stopped selling gold coins to the public until at least July 6.

Meanwhile, Chinese stocks have continued to fall.  Overall, Chinese stocks have fallen 27 percent since the peak, and a whopping 3.2 trillion dollars of “paper wealth” has been wiped out in China in just the last three weeks.

At this point things are so bad that about one-fourth of all stocks in China have already suspended trading according to CNN

The turmoil in China’s stock market is so bad that some companies are calling it quits.

Over 700 Chinese companies have halted trading to “self preserve,” according to the state media. That means about a quarter of the companies listed on China’s two big exchanges — the Shanghai and Shenzhen — are no longer trading.

Desperate measures are being employed to try to stop the stock market crash in China.  For example, over the weekend an alliance of securities brokerages pledged to invest “at least 120 billion yuan” in order to stabilize stock prices

China’s top 21 securities brokerages said on Saturday they would collectively invest at least 120 billion yuan ($19.3 billion) to help stabilize the country’s stock markets after a slump of nearly 30 percent since mid-June. In addition, 57 Chinese mutual funds are reportedly investing 2.2 billion yuan in stock funds.

The Chinese central bank has gotten involved as well.  In fact, the People’s Bank of China has taken the dramatic step of actually directly loaning money to brokerages

In an extraordinary move, the People’s Bank of China has begun lending money to investors to buy shares in the flailing market. The Wall Street Journal reports this “liquidity assistance” will be provided to the regulator-owned China Securities Finance Corp, which will lend the money to brokerages, which will in turn lend to investors.

The dramatic intervention marks the first time funds from the central bank have been directed anywhere other than the banks, signalling serious concern from authorities about the crisis.

In addition, the Chinese government has taken the following steps to intervene…

-All short selling of stocks has been banned.

-China’s national social security fund has been banned from selling stocks, but they can continue to buy stocks.

-Local media has been banned from using the terms “equity disaster” and “rescue the market” in their news reports.

But despite everything that you just read, Chinese stocks have still been falling.

Meanwhile, global commodity prices are crashing.  Just check out this chart.  This is also something that happened before U.S. stocks crashed back in 2008.

Thankfully, U.S. stocks have not started crashing yet.  But it should be noted that the “smart money” in the United States has been selling stocks like crazy since the “no” vote in the Greek referendum.  And if the patterns that we witnessed seven years ago hold up, it is just a matter of time before we experience a stock market crash too.

Incredibly, there are a lot of people out there that very strongly believe that everything is going to be just fine.  They have tremendous faith in the central bankers and in our political leaders, and they are assuring all the rest of us that there is no possible way that the global financial system could be brought down again.

I truly wish that they were right.  If everything was going to be just fine, instead of writing about the coming economic collapse I could write about sports or do a blog dedicated to LOLcats.  But of course the truth is that the “hopetimists” are dead wrong.

A great shaking is coming to our world, and life as we know it is about to change in a major way.

  • Bill

    Some know and some don’t .The gyrations in today’s market show that it is crash time. Have faith in the long term as America will survive.

    • MichaelfromTheEconomicCollapse

      Will America survive?

      I think that is a very good question.

      • Bill

        If we don’t have hope–we won’t. When we quit there is no hope. The manipulators will receive the judgement they deserve.

        • Maple Curtain

          Better to hope that the US people and US society survive. The USA is finished, and without a new constitution that protects the people and the states from Washington, US society is finished, too.

          • Bill

            If SCOTUS supported the one we have you wouldn’t say that.

          • Maple Curtain

            “If.” They haven’t been since 1803, and the constitution has been unable to protect the states and the people from an activist judiciary. The constitution is not working and needs re-written before the next Civil War, because it will surely be re-written after that war.

          • Burt Year 2015

            My nephew is having A baby in September. What kind of life is that child going to have?

          • IsReal

            Get him grounded in God’s Word and turn to Jesus before it’s too late for you.

          • algol2000

            We are all born into warfare. The warfare between the Master of Fear and the Master of Love. We live to show who’s side we are on.To choose sides is a battle in itself. The baby must fight like every other person alive. When we die, it is not the end. Console him with that.

          • geo .

            the baby will be born owing I/2 million dollars his share of the national debt.

          • GSOB

            Christians are called to endure.

          • IsReal

            Better turn to Jesus for your salvation before it’s too late for you.

      • jhowell882

        we the people will survive. the nation that we grew up in.. not so much

        • IsReal

          Not at all, turn to Jesus for your salvation.

          • Paul F

            AMEN!

      • Paul F

        According to the Book of Revelation america will fall and go up in smoke. I believe america is the whore babylon because only america matches that description.

        • Mike

          I agree.

          • Paul F

            GOD Bless, you.

        • Scott Thomas

          Wow I’ve been saying that for years. I thought I was the only one that thought that.

          • Paul F

            Brother, you aren’t alone in your discernment. so many people are looking at what’s coming to america through secular eyes instead of Spiritual eyes. The GOD of Israel will judge the whore babylon–woe to america for its day to fall has come.

          • Gay Veteran

            “…The GOD of Israel will judge the whore babylon–woe to america for its day to fall has come.”

            sure has been taking her time. what, has she been too busy sending tornadoes to the Bible Belt?

          • Jay

            Whether America goes down first or last doesn’t matter much. You can rust out, burn out, fall out or die out, but either way, you’re out.

          • edwitness

            If America is the harlot, it will be some time before it’s judgment comes. The harlot is destroyed in Rev.17 after the 10 kings, 5 from the EU and 5 from the eastern part of the Roman empire, have their kingdoms. Remember, the 10 toes are 5 on each foot on the statue in Nebuchadnezer’s dream.
            One foot represents Europe and the other represents the Constantinople side of the Roman empire. These 10 kings destroy the harlot.

            Personally I don’t believe America is the harlot. In idolatry yes, but the harlot no. The harlot(religion that fornicates with all of the other religions of the world) is Roman Catholicism. She will be destroyed at the time Rev.17 describes.

            But having said that, I am pretty sure America is in for it. 57,000,000 murdered babies and the recent SCOTUS ruling later, crash and burn isn’t far behind.

            MARANATHA!
            Blessings:-}

          • GSOB

            Consider it this way….
            The wheat and the tare will grow together in the world until the end.

            Two Kingdoms are in play here in this world.

            All of the unregenerate are in Satans sphere of influence and are agreeable with the pursuits he desires – BUT there’s Jesus, the Son of God and those whom are His – that Kingdom of Priest serving God and preaching salvation to fallen man, redeeming the time because the days are evil.

            Both will continue together in spiritual battle, warfare – until Jesus returns.

            Surely, it will come to pass so Christians need to obligate everything in their own spheres of influence and their lives to Him.

            We were freed from slavery to sin to be enslaved to Him.

            He brings that to pass.
            A mercy work.
            A miracle.

          • Mike Adams

            This world is now getting me into another state.

          • GSOB

            Good.

          • Mike Adams

            I will never go to another state. I will stay home.

            Still blogging.

          • edwitness

            I am confused GSOB. How does your reply speak to the issue of who the harlot is and when her destruction comes?
            Blessings:-}

          • GSOB

            The harlot refers to unfaithful Israel at the time John penned the book of the Revelation of Jesus Christ.

          • edwitness

            GSOB,
            If you date the writing of Revelation at it’s traditional date of about 96AD, then you would have to interpret the harlot to be after the destruction of Jerusalem in 70AD.
            The harlot must fit the scenario given in the 17th chapter of Revelation. If the harlot is Jerusalem, who are the 10 kings that destroyed her? And remember, those 10 kings must be from the area that the feet of iron and clay mixed represents. 5 from the European side of the Roman empire and 5 from the Constantinople side.
            Even with you setting the date of Revelation at before 70AD, you still have to come up with those 10 kings. And that’s not possible because they didn’t exist as a unit then. Therefore it requires a future fulfillment.
            But as for the rest of what you said, some is great. But the assertion that the church wil be here in the tribulation is just flat wrong.
            Blessings:-}

          • GSOB

            I’m curious,… why you seek my understanding, I’m not sure.

            If you date the writing of Revelation at it’s traditional date of about 96AD, then you would have to interpret the harlot to be after the destruction of Jerusalem in 70AD.

            I don’t do the traditional. The late date as you suggested is not what I believe.

            Internal, biblical evidence proves otherwise.

            It was penned roughly A.D. 63-65 and not the late date taught by the majority.

            That’s one of Satan’s most clever teaching to minimize the power of the faith, hope and love.
            You asked,
            “”…If the harlot is Jerusalem, who are the 10 kings that destroyed her?”

          • edwitness

            So, your saying right after John wrote the letter these 10 were in place, according to your understanding. The 10 governors that were there when John wrote the letter, if as you say it was written in 65-67AD, were still there in 70AD. But John wrote that these 10 have no kingdom as yet. Rev.17:12. By this John makes it impossible to have the 10 in place at the time he wrote the letter or 5 to 7 years later.

            And another part of the prophecy is that when the beast kingdom is in place with the 10 kings that give their allegiance to it, which happens right after the 10 destroy the harlot, the AC that the 10 give their allegiance to(Rev.17:17) will set up a system where everyone will have to accept his mark in order to buy or sell. This did not happen in 70AD, so it’s fulfillment is yet future. As is the rest of Rev.17 concerning the harlot.

            And I’m not exactly “seeking your understanding”. I’m disagreeing with it because it is not Biblical. And hoping you might see the error in your thinking.
            Blessings:-}

          • GSOB

            When you say ‘not biblical’ you are assuming to much.
            Almost the entire book of the Revelation of Jesus Christ has been fulfilled.
            You sound that you been feed the dispensational theology with the Revelation.
            Only the Lord can help you out of that
            theology.
            I suggest that you at least consider
            the history of dispensationalism.
            Research it and find out why its so popular.
            You follow bad theology when it comes to eschatology.
            The great tribulation has already come and gone and we are in the so called ‘1000’ year kingdom now, as in Rev. chapter 20. And Satan is bound in a limited way for now.
            Get a books from Kenneth Gentry and David Chilton. They will help you see the light.
            Your whole time line is off.

          • edwitness

            Don’t you realize that during the “millenium” the scripture says that “The wolf shall dwell with the lamb, and the leopard will lie down with the kid; and the calf and the young lion and the fatling together; and a little child will lead them. And the cow and the bear shall feed; their young ones shall lie down together: and the lion shall eat straw like the ox. And the suckling child shall play on the hole of the asp, and the weaned child shall put his hand on the adders den. They shall not hurt nor destroy in all my holy mountain: for the earth shall be full of the knowledge of the Lord, as the waters cover the sea…”? Isaiah 11:6-ff.
            None of these things are happening today. So to say we are in the “millenium” is ridiculous.
            And where did the mark of the beast make it’s showing at the time of the destruction of Jerusalem? This happens in the tribulation. There has never been a time that all, “both small and great, rich and poor, free and bond”, were forced to take a mark in their right hand or forehead. That without it they could not buy or sell.
            There has been no part of the tribulation fulfilled as of yet.
            And therefore we certainly are not in the “millenium”.
            And the devil is chained during this time and has no power to influence people. He is not only limited while being chained. He is completely impotent.
            Talk about having your time line off. WOW!
            Blessings:-}

          • GSOB

            The harlot is not Roman Catholicism.
            Try again

          • edwitness

            The religion of the harlot is Roman Catholicism. She fornicates with any religion that will have her. That makes her by definition a harlot. And the city that was reigning over the kings of the earth (Rev.17:18) at the time John wrote the letter was Rome. The religion of Rome is Roman Catholicism.
            Blessings:-}

          • GSOB

            You believe that then you are just being used to espouse discord by Satan.
            What…. are you with the ‘local’ churches?

          • edwitness

            No not discord, discussion. I go to a church that Roman Catholics would call a Protestant church. But that is not why I believe the Roman religion is the harlot.
            I believe it because the Bible clearly says it. “And the woman which you saw is that great city, which reigns over the kings of the earth”. Rome was ruling when John wrote the letter. The religion of Rome is Roman Catholicism. Therefore, Roman Catholicism is the harlot. She is the woman that rides the beast. Rev.17:3.
            Roman Catholicism has embassies in every country. They are involved in the entire world’s dealings. They just signed a treaty with the PLO, that isn’t even a state, to recognise their statehood. They have influence everywhere. And no other person, religious or otherwise, could bring millions to meet him just by saying he will show up somewhere, like the pope can.
            And it is also clear that a revived Roman empire is to be the final world empire. The feet of iron and clay mixed is the Roman empire(iron) mixed with clay(something weak like false religion). 5 kings(toes) from the eastern part of the empire and 5 kings(toes) from the west.
            They will each have a region of the world to rule over. The world is already split up into 10 regions. And Jerusalem is to be the Capitol.
            They have not received a kingdom as of yet.
            But they will during the tribulation.
            Blessings:-}

          • GSOB

            America is not Babylon.
            America is America.
            Get a life.

          • GSOB

            Good for you,, You share his evil thoughts.

        • Bob332

          Sodom on the Left Coast, Gomorra on the East Coast.

          • Paul F

            agree

          • Mike Smithy

            I guess that leaves the midwest relegated to being the pivot man in the circle jerk.

        • El mico

          Wow. You self centric yanks really believe the you are the center of everything.
          Just don’t mention the bible was written long before you even came into existence.

          • Greg Blair

            sad to say, many Americans are quite self important. Why they try to see the US in Scripture is beyond me.

          • nohomehere

            It’s about Ephriam and Menasseh sons of Joseph of Egypt and the twelve tribes, not one Judah or levi but they were twelve! Just a few clues to the why to your question!

          • Paul F

            Discernment. I am a Jew living in the land of america, but I am humble and the least. YESHUA said he who is least will be first. I am the least right now on this earth, a servant of my GOD and HIS HOLY SON. I see america in judgement because the sons of this country will not go unrewarded by the GOD of Israel. for a nation to think it will escape GOD’S Judgement, that is self important.

          • GSOB

            judgment

            no

            e

          • Paul F

            I’m not a yank. “How you judge you will be judged’.

        • Schad31

          Follow the prophet Daniel and you will discover your way off to the east with your theory. Babylon in The Apocalypse is the end of Daniel’s telescope view of history, and is most certainly not the good ol U.S of A, despite its grand scale of wickedness…

          • TheCountess

            Agreed. Rightly dividing the Word escapes many ‘Christians’ with lofty idealism of ‘self’. Self and pride are the emblems of Americanism. Not humble, Godly reverence. If this nation had truly been Redeemed in the Blood, we wouldn’t be where we are today. Connecting this nation with any portion of scripture other than the Lion and her young cubs, shows this error. We are the nation of sin. Our shame is now known world wide, Our pride, our arrogance, our stupidity. Not our righteousness. We have none. Our leaders are living proof of our lack.

          • Schad31

            Spot on. You need to tie up Daniel 11’s Kings of the North and South with the northern confederacy of Russia, Iran, European powers etc & the southern opposition headed up by Britain – the old Lion (building military bases in Oman, in the vacuum of Obama’s exit from the arena) and it’s commonwealth cubs of the US, Australia, NZ etc.. As described in Ezekiel 38. To make complete sense of it all read the book Elpis Israel written over 150 years ago, but more relevant than tomorrow’s newspapers. Christ Jesus will soon return to establish His Father’s kingdom upon this Earth, that will be purified, as The Man of the One (Dan 9) cleanses it from its abominations. May he soon be here!

          • GSOB

            Christ’s kingdom has already been set up.
            It will continue to increase as He continues to build His Church.
            We are in the kingdom now and when He physically returns, the world as we know it, with all it’s evil works, will be removed completely.

          • Schad31

            Your about 5% right, I’ll give you that. And so as Paul F says, and if he doesn’t mind, I’ll loan his statement and say that ‘I kindly disagree’.

            By the way, which Satan do you mean? The one who was David or Peter? Or if you mean the Devil, was the Hebrews author wrong?

          • GSOB

            Don’t need your affirmation nor do I answer a disingenuous
            question.

          • Schad31

            I can assure you there is nothing disingenuous about it.

          • Paul F

            I kindly disagree, but time will tell. GOD Bless.

        • GSOB

          Wrong. Cheech and Chong did the up in smoke thing.

          • Paul F

            The truth will come out. I have my own personal belief as do others, so time will tell. It’s not about whose right or wrong, the GOD of Israel and HIS HOLY WORD is what is true and eternal. as far as your arrogant reply, I pray you begin to use discernment in your responses.

          • GSOB

            I search the scriptures everyday.
            I speak what I have been taught to believe.
            My own personal belief is not simply mine to decide, but worked out with fear and trembling as I look to Him to teach me, with prayer and supplication.

            You,…your stuck in the past.

            Redemption is in Christ.
            No longer Jew and Gentile – but One New Man in Christ = the Church.

            Get that through your thick head.

      • Robert C.

        I seriously doubt it especially with all the tension that is going in major cities now.

      • Dezzmond

        Yes Michael America will survive. It will be in a different form. You may not like the form it takes but it will survive.

      • GSOB

        Allow me….
        The world as we know it is temporary.
        Everything continues to go on because God is at work redeeming sinners and building His body, the church.
        All things are secondary to this purpose, as He subjects all things to bring its fulfillment, according to His good pleasure.
        The resurrected, ascended and glorified God- Man, Jesus Christ, who reigns now over the entire creation is the Man who will continue to make His enemies a footstool for His feet and has already conquered death.
        His Spirit works in the redeemed and they have the influence as salt and light in the world. They have the word of God and the Spirit of Christ in them. They seek Him and walk with Him because He has purchased them with His own and breathed His life into them.
        That is the direction we are going. A glorious Kingdom that we can partake of now because Christ is in us, the hope of Glory.
        A day has been already designated, set aside in which Jesus Christ will return and judge the world. The redeemed and the Holy angels are tools in the Masters hand and He’ll bring it to pass. They await on Him to perform by His strength, in and through them, His good pleasure and with all gratitude.
        Without Christ,…. there is nothing that will satisfy. All is vanity.

    • Burt Year 2015

      there goes the plastic tuper-ware yugga cups and county cups as well. Tuper-Ware is going bankrupt rite now. That means no more cups

    • IsReal

      Not according to God’s Prophets America won’t survive.

      • El mico

        Put your faith in yourself, your own abilities to survive and have some backbone. Don’t bury your head in the sand and hope it will all be taken care of by a fairy tale.

        • Jay

          The Bible says that he who puts his faith in himself is a fool. The arm of flesh will fail you.

          • Nemnor

            ‘Jay’ and ‘El mico’, BOTH of you are CORRECT (in a contradictory way). ( lol )

            The point is – God helps those who help themselves. It is a MIX. The more confidence you put into yourself, while keeping faith in the God (or “Over Self” or “Guiding Spirit”) of YOUR life, is the more one should expect things to work out successfully for them.

          • GSOB

            LOL

      • GSOB

        Better yet…. ask God to have mercy.

  • extend n pretend

    street been so detached from reality for so long I doubt is it even possible anymore for true price discovery.trillions in printing,zirp,massive manipulation and rigging,extend and pretend till the house of cards comes crashing down (again)

  • Alwaystomorrow

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

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

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

    • sweq

      You’ll be surprised…

    • NorthernBud

      2Pe 3:3 Knowing this first, that there shall come in the last days scoffers, walking after their own lusts,
      2Pe 3:4 And saying, Where is the promise of his coming? for since the fathers fell asleep, all things continue as they were from the beginning of the creation.
      ——-

      Sound familiar?

    • Burt Year 2015

      2016 the year of the Yugga Cup.

    • wisdomseeker

      Aren’t you the same troll posting the same troll comment from one of the last posts on this site?

  • VigilanteCaregiver

    Nationally, we can buffer ourselves, but won’t. Do it the old fashioned way and prepare your family and help neighbors get there too.

    • K

      At least the neighbors, that will listen. The only comfort in the coming days, will be from the Lord, and knowing you did everything you could.

  • K

    Well Michael, I expect the same thing as last time, only worse. The same number of experts will be shocked. The same number of common people will be shocked. The simple fact is a large percentage of the population, is totally out of contact, with reality. Want proof? A sign says no swimming large alligators. Yep an idiot jumped right in. Another one sets off a sizeable firework on his head. Surprise, he is dead. Common sense, is at the least, no longer common.

    • Well..I hope they mention “Conspiracy Theorist” and give credit where its due..We already said this would happen and now..we are suddenly not in the picture??

      No. This is not like last time. Its far far worse…The cycle is not repeating nor is history. This is a different game now..

    • kathy k

      Like I keep saying you can’t fix stupid

      • Mike Adams

        Will you gut that out? It’s very stupid.

        You are so stupid. Find some other foolish dream.

        • kathy k

          Are you calling me stupid???

        • greyprepper

          You hiring? I’ve always wanted to be a troll…

      • K

        I hear what you are saying. Be ready to ignore a lot of comments. For the few who can face reality. Many are going to realize, they have waited too late.

        • kathy k

          Thank you K. I love reading your comments they are always well thought out.

  • Famous Nathan Rothschild

    Pretty soon the blood will be flowing in the streets and then it will be time to buy buy buy!

    • bibble

      what a c*nt!!

  • 2Gary2

    Love thy neighbor as thyself. Tax the rich and share the wealth

    • Mike

      Ripping off the wealthy is loving thy neighbor, huh?

      • nobody

        Yes, because he got wealthy by ripping the skin off your back.

        • Marko

          No, I got wealthy working 3 jobs for 20 years, driving a beater car when all my buddies were buying new sports cars, investing my cash in building businesses instead of bling, vacations and partying like my friends.

          • nobody

            No, you didn’t got wealthy, you got money instead of a life. BTW your investments are still unearned money – you haven’t worked for those, you scammed or took advantage of others for profit.

      • kfilly

        The only thing I agree with 2Gary2 about is that there are some wealthy people who stole their money. I could look at any corrupt politician, criminal banker, a lot of lawyers, and a few CEOs that are in bed with our criminal government. I wouldn’t mind redistributing the wealth that was stolen from the people back to the people. In all other cases, I totally disagree with taxing the wealthy more.

        • Nemnor

          Well… while I do not exactly agree with 2Gary2 (for the main reason that this would NOT truly solve the real issue facing the World – which is Capitalism itself), it is indeed the mass of the Working Class who created/produced virtually ALL wealth we see in society.

          Hence, for most cases, it is “right and proper” to tax the successful (multi-millionaire and multi-billionaire) Capitalists and share that wealth back to the mass of the Working Class people – who create/produced ALL the wealth in the first place. (Got that?)

          Please keep in mind that the increasing wealth of the (successful) Capitalists comes primarily from surplus value (profits) generated by EXPLOITING the labor/efforts of a number of Working people.

          The (successful) Capitalist goes on to make many many times more than their initial investment into a business. BUT, even at the point when the Capitalist is a multi-millionaire (even a billionaire), and even when the business can continue making reasonably good profits by keeping the business in the USA, the GREED of the Billionaire Capitalist often “compel” the Capitalist to “kick out” US Workers (whose hard labor help build the business), and ship their jobs over to some low-wage country – in the pursuit of “super profits”.

          • GSOB

            LOLOLOL

      • 2Gary2

        the wealthy have been ripping us off by stealing our productivity increases. This is why we have stagnating wages.

        Taxation is not ripping off but the price of living in a civilized society.

        You do not like taxes-move to Somalia. no taxes there.

    • algol2000

      You cannot tax the rich, they are the tax collectors. You must find a way to stop paying the taxes.

    • DANA

      There’s not enough money in all the pockets of all the “rich” and middle class combined, to bail this nation or any other out of their irresponsible economic policies.

  • 2Gary2

    Bernie Sanders for President!

    More than three-quarters of Americans (79 percent) think
    that wealthy people don’t pay their fair share of taxes, while 82
    percent believe that some corporations don’t pay their fair share of
    taxes.

    · Sixty-eight percent of Americans favor
    raising taxes on people earning more than $1 million per year,
    including 87 percent of Democrats, 65 percent of independents, and 53
    percent of Republicans.

    • MichaelfromTheEconomicCollapse

      Somehow I am not surprised that Gary is supporting Bernie Sanders.

      But what will you do if Hillary wins the nomination Gary? Will you fully support her?

      • Burt Year 2015

        Warren Buffett is soon to go bankrupt.

      • 2Gary2

        Michael-Hillary, like Obama, is a moderate republican. Simply look at their policies before you disagree with me.

        No I will not support Hillary. Bills deregulation of wall street (with GOP support) caused this economic mess. I do not see her or obama as any different than the gop.

        I will vote Green if Bernie is not the candidate. He is very popular and would make a great president.

    • Buddy199

      That worked so well for France.

    • Ricky Ross

      I can’t believe so many folks still have faith / hope in the corrupt system! Here is what’s going to happen … Bernie, the career politician, will say words that speak to your ears. You will support him even though you know deep inside that you have been in this position before, with the last guy that spoke for you. He will do this right up until the FAKE polls show that he is losing, then at that time, Bernie will politely and respectfully bow out of the Theatrical made for TV, Political Olympics … this is designed to make all of it seem real … it has to appear that way, because then it will make complete sense as all of his support will be turned over to Hillary Clinton … again, just as designed. This will make everything seem legitimate to you and you will continue to believe in this 100% corrupted and rigged Oligarchy shenanigan! Here is what’s coming, regardless of who gets SELECTED >>> More War, More Debt, More Taxes, More Control and Less Freedom and Less Liberty!!!

      Enjoy …

      • sharonsj

        Bernie Sanders has been saying these things for 30 years–and acting on them too. He voted against the TPP, the Patriot Act, the Iraq war, and most of the stuff we’re upset about. Finally he have someone who is the real deal. You have no idea how many fed-up Americans are getting behind him. Haven’t you seen the thousands and thousands of people who turn up for his speeches?

      • Gay Veteran

        we are given the illusion of choice

    • Burt Year 2015

      George Soros and David Rockefeller are both ugly looking men.

      • Gay Veteran

        so are the Koch brothers

    • Mike

      Yay! Let’s vote in another communist! As if the one we have now hasn’t done enough damage.

      • algol2000

        The votes count for nothing. They have already selected who to rig into power.

      • nobody

        You really have no idea how a communist looks and sounds. Otherwise you wouldn’t have made a fool of yourself here.

      • sharonsj

        He is a Democratic Socialist. Get a effing dictionary.

        • Mike Smithy

          I am all for it as long as I get a substantial portion of your paycheck, so I can lay on the couch all day and watch reruns of Gilligan’s Island. Where do I sign up?

        • DANA

          Democratic socialist is simply communist lite, at least in the beginning. Get a history book.

      • 2Gary2

        you obviously do not know anything about communism. You are a low info person.

    • Tester

      Test

    • RageHard84

      I think the problem’s not the rates, but the loopholes.

    • DANA

      Bernie had to cancel single payer health care in his home state of Vermont, because it would have raised taxes higher than people were willing or able to pay. Again, you could confiscate all the wealth of the “rich”, and you would still have to raise taxes significantly on everyone else to sustain the type of spending we have become accustomed to. Economic reality is not your ideologies friend.

  • we_have_one_that_can_see

    Ephesians 6:12

    12 For we wrestle not against flesh and blood, but against principalities, against powers, against the rulers of the darkness of this world, against spiritual wickedness in high places.

    don’t think for one minute that the economic collapse that’s coming is just happenstance

    dont’s think for one minute that the pacific rim agreement will benefit the american people,..and don’t think for one minute that it just happenstance that Americans are losing sovereignty with this agreement.

    dont think for one minute that the supreme court just loves homosexuals ,and just want to see them married, we are mystery Babylon,..look what the judes legalize in sodom ,and gomrrah

    Book of Jasher, Chapter 19

    1 And the cities of Sodom had four judges to four cities, and these were their names, Serak in the city of Sodom, Sharkad in Gomorrah, Zabnac in Admah, and Menon in Zeboyim.

    2 And Eliezer Abraham’s servant applied to them different names, and he converted Serak to Shakra, Sharkad to Shakrura, Zebnac to Kezobim, and Menon to Matzlodin.

    3 And by desire of their four judges the people of Sodom and Gomorrah had beds erected in the streets of the cities, and if a man came to these places they laid hold of him and brought him to one of their beds, and by force made him to lie in them.

    a wise man stores goods,..but puts his faith in the all might GOD,..

    • Burt Year 2015

      That lables the UGLY LOOKING DEVIL MONSTER

    • Gay Veteran

      “…we are mystery Babylon….”

      oh, I love a good mystery. did the butler do it?

  • dr.Jesus

    Huge birth pangs occurring at the moment, birth is getting closer

    • Burt Year 2015

      The Devil Monster is coming to get us. Be ready

      • Paul F

        Woe to you on the day of judgement. the devil monster isn’t coming, YESHUA’S PURE AND MIGHTY WORD will be what judges the nations and every knee will bow to HIM and every tongue will confess that HE alone is the KINGS OF KINGS AND LORDS OF LORDS while the serpent is burning in the pit and the wicked are destroyed.

  • GetReal4U2

    A great shaking is coming to our world…
    Time is very short…September approaches quickly…God will NOT be mocked…

    • Burt Year 2015

      Union Pacific and BNSF railroads are going to lay off lots of train crews soon and Tuper-Ware is going bankrupt so is Sears K-Mart Radio Shack Best Buy Albertsons Staples JC Penny Southwest air lines Mc Donalds Amtrak Greyhound Capital Records Six Flags and lots more are going bankrupt rite now.

      • Nemnor

        This is all to be expected as the decadent Capitalist system in the USA (and the rest of the World) continue on it’s relentless decline towards total collapse/chaos.

        There may be temporary “recoveries” here and there (that would hardly last for more than a year or 2), but the entire Capitalist system has been in an ongoing economic crisis since the late-60s/early-70s – which was the end of the “reconstruction boom” following WW-II, and at a time when most of the other leading Capitalist economies began to “catch up” to the USA and compete for a better/bigger share of the LIMITED World’s “economic pie”.

        Hence, the Capitalist system has entered a general “crisis of over-production“. A situation can can NOT be solved within Capitalism by economic means alone. This is why the system is now NOT able to generate long-term recovery.

        The only way the Capitalist system can temporarily “avoid” eventual total collapse/chaos is by massive destruction of Capital (just like it did through WW-I and WW-II), and then “reset” and star a new “reconstruction” cycle of EVIL (while the mass of people are kept brainwashed into NOT understanding the true nature of the Capitalist system).

        However, there is a superior and sustainable alternative to Capitalism. That alternative system involves the reorientation of production of goods and services to meet the genuine needs of society – as the primary end-purpose of production.

        In other words, producing goods and services for profits (as the primary end-purpose), is now clearly NOT able to carrying the Human Race into a prosperous future for every “rational” individual (as shown by the fact that we have an increasingly widening income gap between “the 1%” and “the 90%”, and with more and more millions of people sinking below the “poverty line”, and increasing numbers living in abject poverty).

        • Ace

          I would make a good Genuine Societal Needs Determiner. No more profit motive just my demonstrated common sense and good judgment.

        • GSOB

          lololol

      • SunnyFlaSnotress

        It’s scary to see how many employees Sears has.. I think it’s one of the largest employers in the USA. But then again, they were trying to get sales to work by commission only.., certainly a winning scheme :snicker: But you exaggerate. McDonald’s & some others might slack, but they are far from bankrupt

    • Paul F

      The GOD of Israel will judge america for its wickedness–not only America, but the world. As a sinner saved by grace I know the path I was once taking, but through MESSIAH YESHUA I am saved.

      • df NJ

        Too many Israel nationals occupying high level positions in the US government.

        • GSOB

          Then Peter began to speak: “I now realize how true it is that God does not show favoritism

          &

          There is neither Jew nor Gentile, neither slave nor free, nor is there male and female, for you are all one in Christ Jesus.

          • Mike Adams

            Huh.

          • GSOB

            What… you think that gets you off the hook… by showing favoritism to Jews, that’ll cover your own wretched condition before the Holy One?
            You are deceived.

          • Burt Year 2015

            Marc Dinger’s nose is crashing. It’s bending down ward. That means A big crash is coming. The SWOOPY MARC DINGER FACE.

          • Cedrik Thibert

            Comments being erased, this is just anti-American propaganda filled with lies.
            Cannot face the TRUTH so just erase other people’s view.

          • Mike Adams

            Not jet I’m decieved. It’s you.

          • Paul F

            This gsob seems to be into replacement theology. We were warned about in this in scripture.

          • GSOB

            Who’s the ‘you’ in Gen 12:3?

          • Cedrik Thibert

            Corrupted Communist China falling apart is not the end of the world.
            It was needed it will bring more transparency in the Economy and Worlds’ Finance, don’t get your hope too high, it’s not time to declare victory, USA wont be bankrupt because China sucks.

          • Mike Adams

            You’re right Paul.

          • Paul F

            Genesis Ch 12:3

            I will bless those who bless you, but I will curse anyone who curses you; and by you all the families of the earth will be blessed.”

            What part of that do you not understand?

          • GSOB

            Who’s the you?

          • Mike Adams

            (GASP) Untrue!

        • gfmucci

          I would rather have 1,000 Israeli nationals in Washington than 10 Muslims.

          • buffalo lips

            And arguably, it’s the opposite with this Administration.

          • Nemnor

            IF I am not mistaken, I believe ‘df NJ’ is implying that – while you are stating what the “God of Israel” will do, it is the very SAME “Israeli people” that are more or less controlling/running the US Government. And, by extension, I suppose ‘df NJ’ is implying that it is the very same “Israeli people” (concerning this God you mentioned) that are very much responsible for the economic “mess” the USA is into today.

            You got that?

            ‘df NJ’, please correct me, IF I misunderstood what you imply with you post (above).

          • Nemnor

            I wanted to say – “while Paul F is stating what the “God of Israel” will do.

          • Paul F

            Read Zechariah Ch 12 and you’ll see yourself. Lies are easily destroyed by the truth (and Israel) will stand forever.

          • Paul F

            Israel is a light unto the nations

          • GSOB

            Was

          • SunnyFlaSnotress

            All the fat cats in the market are about to lose money and that’s about it.

          • none

            The fat cats might lose a little weight.
            but buy everything you own in tax sales.
            property cars everything.

          • SunnyFlaSnotress

            I pay cash and own outright.

          • cathybrock

            Amen!

        • Burt Year 2015

          George Soros is A ugly man

        • Burt Year 2015

          This Paul Singer banker dude is the problem in today’s problems. He’s A hog in money. He also has A very goofy looking face. I hate the looks of his face as well.

        • Paul F

          too many anti-Semitics like yourself spewing lies

          • Neel Gupta

            Keep arguing about Semitics and semantics, while the world collapses around you.
            Not like you can do anything else.

          • Paul F

            I don’t have to do anything else, I have the GOD of Israel on my side and if my GOD is for me no one can be against me and HE alone will destroy the enemies of my people.

          • Ace

            Good luck with that.

      • GSOB

        For we maintain that a man is justified by faith apart from works of the Law.
        Or is God the God of Jews only? Is He not the God of Gentiles also? Yes, of Gentiles also, since indeed God who will justify the circumcised by faith and the uncircumcised through faith is one.…

        • sistersoldier

          The Grafting in of the Gentiles:
          For if the casting away of them be the reconciling of the world, what shall the receiving of them be, but life from the dead? For if the first fruit be holy, the lump is also holy: and if the root be holy, so are the branches. And if some of the branches be broken off, and thou, being a wild olive tree, were grafted in among them, and with them partakers of the root and fatness of the olive tree;
          The branches were broken off, and thou standest by faith. Be not high minded but hear: For if God spared not the natural branches, take heed lest he also spare not thee.
          Romans 11:11-17,20-21

          • GSOB

            That was God’s plan all along.
            They (Jews) were not in the faith
            and rejected God’s prophets and SON – because of unbelief.
            If they turn and receive Christ, then that person or persons received what all genuine born again Christians have – life stronger than death.

          • Paul F

            You need to pray and understand truth and get away from the poison. replacement theology. When the New Jerusalem descends from Heaven there are 12 gates and each gates has the name of 1 of the 12 tribes, there is not a 13th gate with the name ‘gentile’ written on it. Gentiles are grafted in through the Jews and through MESSIAH’S HOLY BLOOD we become part of the common wealth of Israel (Ephesians Ch 2). YESHUA said salvation comes from the Jews, first to the Jew and then the gentile, the Jews are the apple of GOD’S Eye, blessed are those who bless Israel and cursed are those that curse Israel—replacement theology is dangerous and you need to understand this.

          • GSOB

            You have typed things well but you are not confident in your understanding because you have not yet learned.
            You are confused.
            The old covenant was replaced by the new covenant.
            The new covenant remains forever and it includes people from all over the globe, according to the promise.
            No one has elite status anymore. We are all one in Christ. We all have the same access by one Spirit unto God.
            You can’t get better than that except to be consumed like the burning busy that Moses saw. In fact, …
            the Spirit and the bride say come….
            The bride is the church in the new covenant, made up of ALL of God’s elect.
            Quess what. Salvation is ‘individual’.
            People don’t get save in groups.
            God is still calling out His elect from the four corners of the earth, which consummates as the New Jerusalem.
            Christ is God incarnate and He wants to dispense Himself as life to us.
            The kingdom of God is righteousness, peace and joy in the Holy Spirit.
            Praise the Lord.

          • Paul F

            Exactly right, the gentiles are grafted into Israel not vice versa.

          • GSOB

            Some among the gentiles, not all, are grafted into the kingdom of God.
            Not all.
            Some among the Jews grafted into the kingdom.
            Not all
            But it is according to the promise.
            Gen. 12:3
            Technically, ‘Abram’ was not a Jew,
            He was a pagan worshipper and God called Him out, as He does with all He has predestined to come to faith.
            Christ is the fulfillment. Jew and Gentiles are one new man in Christ.
            The Church is God’s masterpiece.
            It’s the mystery hid from ages, now revealed to us through the apostles, by the Holy Spirit.
            No Jew or Gentile, male or female – the redeemed from every tribe nation and tongue are One Body in Christ.
            We do not stand alone anymore.
            Rebuilt temples are not necessary.
            Read the book of Hebrews.
            No longer us and them.
            He who is a Jew is one who is circumcised inwardly in the heart by the Spirit and not to the flesh by human hands.
            Get it?
            You don’t know how precious Christ is,
            You underestimate who Christ is and what He has done and the significance of His atonement.
            Romans 3:22 & 4:16
            &
            2 Cor. 1:19 > 20
            Read your bible and get back to me if you have any questions.
            Iron sharpens iron.
            You are a bit dull.

        • Paul F

          Romans 3:31

          Does it follow that we abolish Torah by this trusting? Heaven forbid! On the contrary, we confirm Torah.

          Matthew: 5:18

          Yes indeed! I tell you that until heaven and earth pass away, not so much as a yud or a stroke will pass from the Torah — not until everything that must happen has happened.

          I am a Proud Torah Observant Messianic Jew. And nothing you can do it write will change the truth about Torah for Torah is eternal.

          • GSOB

            For the Son of God, Christ Jesus, who was preached among you by us– by me and Silvanus and Timothy– was not yes and no, but is yes in Him.
            For as many as are the promises of God, in Him they are yes; therefore also through Him is our Amen to the glory of God through us.
            Now He who establishes us with you in Christ and anointed us is God,…

          • This page has no credibility

            Corrupted Communist China falling apart is not the end of the world.
            It was needed it will bring more transparency in the Economy and Worlds’ Finance, don’t get your hope too high, it’s not time to declare victory, USA wont be bankrupt because China sucks.

      • Mike Adams

        Pretty cool.

        • Paul F

          When YESHUA returns, this world will face judgement and on that day the Righteous will rejoice. What a day!!!

          • Ace

            I’m very righteous.

      • SunnyFlaSnotress

        I hope they send me my Mark of the Beast in the mail soon.

    • “Conspiracy Nutters” like me who live in Mom’s basement are suddenly excused..huh?

      We predicted this would happen for like ever and You never listened and now…nobody is saying…That conspiracy guy was right after all :)

      I’m not surprised…I knew this is coming. Its not September…that’s only market crash…The real fun begin’s after December 18th 😉

      • DW

        What happens after December 18th?

        • smoke57

          December 19th.

          • DW

            Thanks Captain Obvious…..

          • greyprepper

            Lol

        • Burt Year 2015

          destroy the demons in jesus name

        • The Darkness Awakens. Even being a “Conspiracy Nutter” all my life, I cannot see beyond December 18th. Its way too Dark

      • sistersoldier

        September 18th. Respectfully you are off by a couple of months.

        • tom

          you are not counting the leap year added by Emperor Cesar.

      • tom

        I knew people like you would come out on a poor stock market day. NEWS FLASH: sometimes more people sell stocks/assets than buy. Its been happing since commerce. And we are due for a large correction anyway.

        • sistersoldier

          NEWS FLASH…… this was not a simple stock sell off or market correction. And if you knew anything about your ungodly government’s manipulation of said markets you would know that this event was a show of arms from the Almighty. But I would expect as much as this generation is hell bent and bound not to see that there is something terribly wrong with this world and its not just the stock market. Do your own research, lawlessness abounds, unnatural weather patterns, increasing wickedness and knowledge, mass animal die offs, signs in the sun, moon and stars and much more. So when we see a demonstration of God’s power and authority as believers and children of God we recognize that our Father is speaking/acting and that judgment is pending on a nations repentance. We begin therefore to prepare for the next move of God as He instructs us to do in that we are not to forsake the assembling of ourselves and all the more when we see the day approaching (of His Return) when we see all these things we are to look up for our redemption draws near. I could not look at those that I love and know that I could of done something to prevent them from an eternal punishment. I don’t know how anyone could say they love someone and then watch them make decisions that will ultimately end in the lake of fire; their faces burning before me. God is moving and He is shifting the atmosphere and breaking the veil of humanity. Don’t miss it!!!

          • tom

            take your medicine.

    • nobody

      We have been mocking your god since the day it died on a cross, like a lowly criminal – it still hasn’t came back to even say he’s not happy about it, let alone punish us for it.

      • GSOB

        Nothing new under the sun, nobody.

        The unregenerate are enslaved to their sin nature and is hostile to God.

        “The kings of the earth rise up and the rulers band together against the Lord and against his anointed one…..”

        &

        ….but we speak God’s wisdom in a mystery, the hidden wisdom which God predestined before the ages to our glory; the wisdom which none of the rulers of this age has understood; for if they had understood it they would not have crucified the Lord of glory; but just as it is written, “THINGS WHICH EYE HAS NOT SEEN AND EAR HAS NOT HEARD, AND which HAVE NOT ENTERED THE HEART OF MAN, ALL THAT GOD HAS PREPARED FOR THOSE WHO LOVE HIM.”…

        &

        “Therefore having overlooked the times of ignorance, God is now declaring to men that all people everywhere should repent, because He has fixed a day in which He will judge the world in righteousness through a Man whom He has appointed, having furnished proof to all men by raising Him from the dead.”

        • Mike Adams

          Get your new prove on what you believe in. You’re killing it.

          You are said by the heaven. Why don’t you believe in Joesph?

          Grow some nuts. Or do you want to be a faiure?

          • GSOB

            Why don’t you learn how to write?

            Better yet,
            Why don’t you go fly a kite?

            Perhaps things will click in your mind then.

          • Mike Adams

            I’m a writer. And you’re ruining it.

        • nobody

          So, you have nothing more than another load of bovine refuse, isn’t it? How does it feel following such a powerless, pushover god?

    • Gay Veteran

      August approaches quickly

      • Priszilla

        Holiday season. There’s still time to rebook and go to Greece instead. Just take cash. Nobody wants plastic.

    • Priszilla

      It’s called gravity: what goes up must come down.

    • Burt Year 2015

      The BUCK is EVIL it needs to go.

      • SunnyFlaSnotress

        I will gladly relieve you of your evil bucks if you send them to my post office box.

    • Burt Year 2015

      God and the Devil Monster will have it out soon. Lets watch who wins!

      • SunnyFlaSnotress

        What channel is it on?

    • Burt Year 2015

      Mr Samuels just lost all his money in the bank today. How is he going to get it back? Now he the SPAMUEL MONSTER

  • jhowell882

    i have been tracking the Dow since the end of last year. right now it is down 534 points since the end of December 2014. what Micheal says is the truth he is staring at. we are just being held up by false ideas right now.

    you don’t have to be an economist to see it. what is the % rate your bank charges you on your credit card? what are they paying % wise on your savings account? you don’t have to look very far

  • Burt Year 2015

    Marc Dinger’s nose is crashing as well. It’s bending down ward and that means stocks are going.

  • Mike Smithy

    Cut spending? I am afraid that train left the station about 20 years ago. With the national debt at over $18 trillion, any effort to cut spending at this juncture would have a negligible effect. The only option we have is a global economic reset.

  • smoke57

    I said Shake, rattle and roll
    I said Shake, rattle and roll
    I said Shake, rattle and roll
    I said Shake, rattle and roll
    Well, you never do nothin’ to save your doggone soul

  • JailBanksters

    The bubble that refuses to burst….the 100 Trillion Dollar Question
    If the Government stopped borrowing money to pay their bills, it could be mistaken Greece. Except it would be like comparing 9/11 to blowing up a Service Station. Printing Money with the help of Wars is the ONLY thing keeping the Wheels rotating

  • durango

    How come all these bankers have German names? I thought we won the war.

    • German’s rule the world. :) …World War Never Got ended…It continued with NAZIs moving to America and ruling it from shadows

      • durango

        I don’t know if that’s true, but if it is maybe some of them should be rounded up and sent back to Germany.

        • Jerry C

          Yes, it is true. Look up the history of NASA and how we got the German scientists working on the V-2 rocket engine; not including pharmaceutical drugs they gleaned off of Holocaust human genie pigs. Sad, but true.

  • IsReal

    I was thinking that compared to a global collapse, an 8.0 earthquake seems easier to deal with because this is all unchartered territory.

  • Bob332

    Pride goeth before the fall/destruction. The storm clouds of the Perfect Storm are gathering. We turned our backs on God ; He will NOW turn His on us. Now it is only a matter of when, NOT if!

    • wisdomseeker

      Well said! Btw, September/October is in the Fall season! Could we witness the Fall of the US during this period?

    • nobody

      Nah, we have turned our backs on this delusion over 150 years go, nothing really bad has happened and nothing will.

      • “Nothing really bad has happened and nothing will”…

        Yes, sure. And the Roman Empire is still alive and kicking, as well as the Byzantine, Ottoman or British Empire who, when in their descent toward total nothingness, where thinking exactly the same thing you just said in your comment – normalcy bias is PRECISELY the same mistake they all had which prevented them to act on the problem and kicked the can down the road.

        As a great wise man said once : “There is nothing new under the sun. If it is said ‘lo, this is new!’ it already happened before”

        Usually, it is when you think that you are the greatest that the rug is taken off under your feet.

        There is an end for every Empire… The US are not immune, it is the way of Kingdoms to be born, to live, to die… because it is made up of humans doing the same thing. All of those who do not listen to the lesson of History are bound to repeat it… and History proves that point again and again…

        • nobody

          The same could be said about their religions,and yours.

          • What does that have to do with my comment? It is not MY religion… my point is about your comment and the certainty that nothing will happen; you should not be too sure about that.

  • Heinrich van Rooi

    Hi Michael…. I get such enjoyment reading your articles… I gives me great pleasure. SometImes I read one article many times over. On my dicus account I have said at article of yours date 19 June 2015. “There is turmoil in Europe, China and US.: That financial chaos will start implode from Bond markets through to stock markets through to oil markets… Well it happened.. especially the Chinese MARKETS… Keep up the good work…

    • wisdomseeker

      Same here! I too sometimes re-read articles on this site, such great alternative media reading!

  • wisdomseeker

    For anyone interested: Pope Francis is pressing his case for a new economic and environmental world order, saying the goods of the Earth are meant for everyone and must not be exploited by the wealthy few for short-term profit at the expense of the poor.

    • algol2000

      He is the antichrist. And he will be enthroned soon, to proclaim peace and prosperity to the nations after today’s empires fall away. This is the plan. But God will intervene at the end.

      • nobody

        Wow, you really believe that!

      • GSOB

        Already fulfilled

  • wisdomseeker

    I would take it that Gold and Silver would be the only things to invest in at the moment. When all fiat currencies go to zero, you will still have something that has stood the test of time when it comes to something that actually has value/holds it value and cannot be printed and manipulated like paper currencies can be!

    • nobody

      Unfortunately it won’t be worth very much if you can’t trade it safely. So if a complete collapse occurs you gold will be almost worthless.

      • Leebo Venable

        Not if you bury it and survive

        • DW

          You can’t eat gold and it’s not likely you will be able to walk in the grocery store and buy food with it and I doubt someone with a limited supply of food will trade for it…just my opinion.

          • kfilly

            Tell that to the Greek people right now. I bet they would like a little gold or silver.

        • nobody

          If it’s buried then it’s worth nothing, even worse. Remember, for something, even gold, to be worth any value whatsoever it must have a demand and somebody willing to trade something else for it.

  • Ivor Biggin

    What I find very interesting is San Francisco is on a earhquake fault.

    When the next big one comes it will be destroyed.

    San Francisco is the gay capital of the world.

    • Gay Veteran

      What I find very interesting is that the Bible Belt is in a tornado area.

      • df NJ

        They’ve actually moved the Bible Belt several times. But after each move, the tornados continued to show up.

        • Gay Veteran

          god does hate trailer parks

  • Neel Gupta

    recovery talk turned into recession :)

    …seems to be a cycle that ends when a US president finishes 2x 4year terms…

    1999 market crash
    2011 market crash
    2015 market crash

    • geo .

      All Need to see The harbinger by Jonathan Cahn and Blood moon tetrads by Mark blitz. two messianic Jews with two prophecys that give us a date certain for the world wide financial collapse. beginning in earnest September 2015 less than 3 months away. time to batten down the hatches is now.

  • XSANDIEGOCA

    Relax, Obama is in charge!

  • chilller

    There’s a lot to lose by doing nothing… And nothing to lose by doing a lot.

    • df NJ

      I can’t slow down to enjoy life until I can run fast enough to keep up with it. It’s the brief moments of sanity that keep driving me insane. Can God have a thought so complex that even She can’t understand it? If all things return to the one, where does the one return?

      The human mind is a representation for something that only exists in our imagination. Reality is something that occurs beyond our experience.

      We are not who we think we are, we are not who other people think we are, we ARE who we think other people think we are. We are a representation for a representation. How can we ever know ourselves?

      Based on human experiments and all the unnecessary evil in the World, God seems to be indifferent to our own destruction. There seems to be no amount of evil God will not tolerate in order to preserve our free will.

      If man is going to save himself from his own destruction the only person who is going to help is the person looking back at him in the mirror.

      There are two major spiritual forces in our World: Stealing and Sharing. The evidence indicates the Stealing Spirit is destroying the Sharing Spirit. The followers of the Sharing Spirit are labeled and tagged as a heretics. There seems to be no end to the inquisition by the followers of the Selfish Spirit. The followers of the the Selfish Spirit are fierce in preserving the purity of their selfishness.

      Evil always exists where you least expect it. Absolution comes from within. God speaks to us in the rain and water is a mirror into our souls. To see the ultimate reflection you have to experience what your brain is doing between thoughts. God is good, calm, and generous because of His indifference. God is never selfish.

  • El mico

    All the fools down on their knees praying to god will be the first ones rounded up and put to good use.
    Gods got ya back, until someone shoots you in it.

    • df NJ

      I would not be irreverent but all the God talk makes me think of a line from the movie Riddick:

      Riddick: [to Luna] “And kid, leave God out of this. He wants no part of what happens next.”

  • df NJ

    美國驢豬犬 你是一個奴隸

    • GSOB

      Dog meat… Hungry?

  • Gay Veteran

    ROFLOL

  • Cal Wayback

    It will be a great blessing and relief to be raptured out of here and watch the end time events unfold from the balcony of heaven. Jesus Christ is God and He saves.

    • df NJ

      Bumber sticker:

      CAUTION: In case of rapture this car may swerve as my mother-in-law takes the wheel.

      This joke doesn’t get old. It may be the best rapture joke I’ve ever heard.

    • geo .

      The primary tool of the enemy of your soul is deception political, economic and religious. the rapture doctrine is Satan’s masterpiece bought hook line and sinker by most of the churches it is simply a cunningly devised fable without a ounce of proof. and is the new testament equivalent of the Golden calf. as it rejects the teachings of Jesus in matthew mark and luke and turns Jesus into a liar.

    • GSOB

      Fantasy

  • Heinrich van Rooi

    The US Markets are weeks if not days from declines to a crash…. This if you look how the market has performed over the two days….is an indication….

  • Avner

    This is just the start of a tidal wave, albiet slow moving, that will hit our country. War and poverty to follow. Get ready people.

  • FortuneSeek3rz

    There are some people who post on this blog that said the stock market is not an indicator of economic health in the face of surging U.S. equity values. Let’s see if some of those same people will acknowledge that declining stock prices aren’t necessarily an indicator of a poor economy. Narratives vs. logic.

    • Drud

      No, No, No, NO…when people say that the market is not an indicator of market health, they mean that the markets are artificially inflated…the NARRATIVE is that the Stock Markets clearly show a healthy, growing economy, so shut up and spend. SO NARRATIVE is now in command, however, LOGIC does not come into play on the downward side….FEAR rules then. This leads to panic. At that point it no longer matters if the markets are artificial or real, PANIC makes it all very real.

  • Priszilla

    The fonds will buy cheaper stocks where no change happened to the company.

  • God has lifted his hand of protection from America.
    Now America gets to feel the full weight of hell.
    You will soon see.

    • GSOB

      Greece will strike a deal.

  • Son of Light

    Muslim brotherhood has infiltrated positions of this administration and even the pentagon. Quit blaming Israel. Your anti Semitism is unwarranted.
    See Jonathan Kaun YouTube about the Shimitah, we are in the year of Jubilee. Where all debts are forgiven every 7 years and every 49th year is a year the Shimitah. God Is Sovereign. If we obey His voice and keep His commandments we will be blessed, but just and is Judges, there was no king and everyone did what was pleasing in their own eyes. Now a blessing for many will be a curse and a judgment. Flee the cities that have become like Sodom and Gomorrah. For our nation will be judged and chastised for rejecting God. When we cry out to God and repent and humble ourselves and seek His face, we will be found by Him. Sound the Trumpets yee watchmen on the walls. Forsake all lawlessness and the Lord will be your Shield and your Strength. For He is a strong tower for all who trust in the Lord.

  • J.C

    I came across this article after doing some searching on the China stock crisis, and one thing I don’t understand is, why are mostly everyone here is saying US economy is doomed or is about to collapse, meanwhile there are more articles on the internet pointing to a strong US economy a.t.m, such as: more job offerings, stronger housing markets, increase in consumer spending, 2.5% GDP growth expected by the IMF etc…are these reports lying and without basis?

    • Not Sure

      Yep. They are lying. O’bummer doesn’t want a crash on his watch. He’s been saying that we’ve been in a recovery for years when it’s the exact opposite. They keep posting bogus unemployment numbers, too (even the U6 number really isn’t that close to reality).
      Also, ignore the trolls that post on here. They are most likely paid by our government or the Russian government – WND did a report on this a few weeks ago.

    • wisdomseeker

      That’s because you were listening to the mainstream media. What are they going to say when the whole system comes crashing down? The usual “oh we didn’t see it coming”. Absolutely pathetic, the writing is on the wall for everyone to see!

  • underaged

    Like my Mama always said – if you don’t like the heat, get out of the shower (or something like that). Seriously though Michael, you obviously hate Wall Street. You want nothing more than for everything Wall Street to crash and burn (as it often does and everyone knows that ups and downs are part of the process.) My advice is for you to just go away and find some other way to spend your time. Do something that you actually enjoy. I’ve been around the Sun many, many times and have seen lots of folks like you waste their time banging on doors that will not open. Find one that does. Because in the end nobody really cares if you just happened to guess correctly once in ten blue moons. And it’s always just a guess because your opinion has no influence over the outcome – just like most opinions. So go take a cold shower, rethink your purpose in life and get on with spending your time NOT complaining about the rich and powerful, it’s boring.

    • df NJ

      This reminds me of what my grandmother would say. She had a high pitch voice like Edith Bunker. She would say, “If you don’t have anything nice to say then shut your God damn mouth!”

      • underaged

        Maybe limit your comments to less than 10 a day and you might maintain a pittance of credibility.

  • Richard O. Mann

    Sure was fun while it lasted. Eh?

  • Deana

    I feel like most of you that America as a country and culture is on a horrible path. However, God would not have destroyed Sodom and Gahmora if there were even 10 rightous people in it. Soooo why would he destroy America. There are to many rightous people here, God fearing honest people. God is not going to destroy America, MAN with the backing of the Devil will. I do believe God will help those who trust in him. Now not understanding Revelations America could be a part of that. But then so will the whole world. Our family is Lutheran and my favorite quote by Martin Luther is “Do as every thing depends on you, but pray as if everything depends on God.” Basically prepare and prayer for guidance, wisdom and protection. In the movie “where the Red Fern grows” the boy wants hunting dogs so bad. He tells his grandfather that he prays to God all the time for them, but nothing happens. His grandfathers tells maybe he should try to meet God half way. To me that fits with Martin Luthers quote. God Blessings to you all!

    • df NJ

      Nobody knows the mind of God.

      • geo .

        He reveals himself In scripture check out revelation chapter 6 vs.6 and vs.12. there you will find 666, 6th seal 6th vial and 6th trump which is the mark of the beast and see what is set to transpire for yourself.

        • GSOB

          Already fulfilled.

      • DANA

        No, but we can study and understand his ways as laid out in scripture. He has made it clear what he expects from us and the consequences of rejecting his desires because of our prideful nature. We have been given much time and opportunity to turn back to him, we will have to wait and see his plan come to fruition.

  • AZFan

    So i guess buy guns food and ammo? Gold and silver prices are crashing but not demand. Is going to get bad and i have a wife and kids depending on me but im not sure how to weather through whata coming. Obama is ruining this country

  • Sean Stout

    I think a cyber war between China and the US’ markets is happening before our eyes.

  • grumpyhillbilly

    Fear not! We have technical glitches to save the day. I would say the crash is beginning.

  • Ben

    All European indexes were up today. So much for your hoped-for doomsday fantasy.

  • Ben

    BCOM:IND

    97.719

  • Ben

    The Commodities are UP. Again, you provide false claims.

  • Burt Year 2015

    I hope Warren Buffett Bill Gates George Soros Jamie Diamon The Rothchilds David Rockefeller and all the rich CEOs in the world loose all their money also. They are the ones who are causing these problems.

  • Burt Year 2015

    The buck is the devil’s toy. And the rich fat cats own it not us.

  • nohomehere

    Micheal, Hello and good on ya mate, Ausi accent for mad max syndrom is just around the bend in time. and you were and are and will be justified in alot of ways concerning your commentary over the years warning as many as you have and your provision of a site for fellowship of others who shared the same vision ! It’s almost like in the movie close encounters where a few people had the la même vision en même temps! alot of folks are sympathetic to you and your blogs. So be encouraged take heart and study the word make your calling and election sure. Every one please Read romans chapter 13 this chapter dicribes the true acts of godliness and what the law is really about not just Jews but anyone! Now the tough times Begin! Again Good job Micheal!!!!!!

  • LIZ THE SHIZ

    trading halted due to technical issues [hacking] , first shot fired in a cyber war [probably] get Art Cashin [we ain’t crashin] on CNBC to calm the sheeple down the Elitist /Corpratocracy says move along nothing to see here

  • sherlock32555

    Yep and only people that think that we will be bailed out like in 20008. All I can say is I hope you were smart enough to stock up on food ,guns ,and bullets because the worst is yet to come and hope we don’t kill each other. Thats playing into our goverment hands.

  • Bill

    W O W. This has been a historic day. Hope Michael will have his take at the end of the day.

    • Bill

      VIX highest in 5 months !!!

  • Mondobeyondo

    Will a stock market crash eventually reach the U.S.?

    “All in good time, my little pretty. All in good time…”
    – Wicked Witch to Dorothy, “The Wizard of Oz”, 1939

  • df NJ

    How are the European austerity measures working out?

    You would think the hard liners would be shouting from the roof tops how great it has been.

  • kfilly

    Where he could have more say over us peasants. Bill Gates’ mother is Margaret Sanger. The same Margaret Sanger that founded Planned Parenthood, and her genocide program was viewed as a great thing by Hitler. All of the global elite are enemies of humanity. Gates, Ted Turner, Michael Bloomberg, Oprah Winfrey, the Rockefellers, and Warren Buffett are people that are profiting off of a criminal system. Of course, I didn’t throw in any criminal politicians.

  • Gregory Eddy

    I cant stand the religious nutcases. it was there fault to begin with. people like the presidential nominee from a couple years ago saying that we should throw our hands in the air and let god handle it when questioned about the economy

  • ProclaimingGodsTruth

    The US has and is mocking Almighty God big time! God WILL NOT be mocked. His judgment is coming and IMO it’s coming fast! Shemitah year, one solar eclipse on the Feast of Trumpets – 9/13, then SUPER Blood Moon on the Feast of Tabernacles .
    Then Year of Jubilee starts 2015-2016. Keep watch!

  • DANA

    Cutting spending is impossible, because once people expect certain things, they never want to give them back. After all, “I’ve got my “rights”, and I’m entitled to whatever those “rights” guarantee me no matter what the cost to others.”

  • tom

    Too bad the european stock markets went up again today and will be the best place for investment in 2015. If you are working and have a 401K, allocate to Europe indexes. Realizing loses in Greece is a GOOD thing. It means there is some sanity in the world. China seems much more menacing by the day though.

  • Ben

    Day two of your economic apocalypse theory being proved WRONG. European indexes are trading just fine. Maybe the world will end next time.

  • Antonio Ossa

    WHEN YOU HAVE NOTHING, YOU HAVE NOTHING TO LOSE!

    • Jerry C

      Gerald Celente

  • Donald Wilson

    It’s going to be one hell of a party when the bottom falls out of the stock market. The End…

  • TheCountess

    The NYSE did not ‘glitch’. The banks shut them down. The free fall needed to be suspended for safety sake. Their safety and not the nation’s. The ‘gird’ experienced a planned shut down as well. Both incidents, including United Airlines are to see just how far the powers that be can take total control over all our lives.

  • Cedrik Thibert

    The answer is no, USA is way stronger than that, it will be just a Global recession, it takes way more for USA to collapse in Economy.
    A small thing like commodities in China falling apart and gold price falling apart actually will help the US dollar go up and make Americans and the world better deals on a lot of things, including mortgage.
    It’s not the end of the world if China was a disaster and the investors who invested in there are losing everything, most of them pulled out from Chian already a couple of years ago.
    ROTFLMAO
    Nice try, it’s not the end of the world for the United States of America.
    For China in other hand, their Economy is perhaps not as good as the preditctions were saying, gotta laove sarcasm.

  • Cedrik Thibert

    Chinese artificially pumped up the prices of many things for a long time, now everything is going back to normal, It’s perfect for everyone but the ones who artricially pumped up the prices and are losing their entire fortune in less than 30 minutes, I m talking about the Communists Chinese off course if you weren’t paying attention. Prices going down in the Real Estate and meat is very welcomed by the rest of the world, that may actually help the Economy.
    One person’s defeat is another person’s victory they say.

  • Cedrik Thibert

    Cooments erased?
    Well, that’s how pathetic those people hating US Aare now?
    Well quite bitter aren’t day?

  • Cedrik Thibert

    Corrupted Communist China falling apart is not the end of the world.
    It was needed it will bring more transparency in the Economy and Worlds’ Finance, don’t get your hope too high, it’s not time to declare victory, USA wont be bankrupt because China sucks.

  • Linda J.

    A correction in the US stock market will cause great panic. It is not an if anymore it is when. The US is trillions of dollars in debt already. US will default on its debt at any given time. No one can stop this at all. No financial guru, Politian, spiritual leader, or whatever can fix this problem.

  • Heinrich van Rooi

    Are the US Markets starting to crash.? Well I believe so…albeit from a soft landing… The market did make an attempt to trade higher again on the Monday around the18130+- but it closed down already 406 points to the close of Thursday of 17731. Something weird is happening and also said sometime ago the US Markets are weeks if not days from a declines to a crash…What will the US Markets hold for today? Well I am not optimistic….

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