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This Is Exactly How Markets Behave Right Before They Crash

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Roller Coaster - Photo by NeukolnWhen the stock market starts to behave like a roller coaster, that is a sign that a major move to the downside is right around the corner.  As I have stated repeatedly, when the market is very calm it tends to go up.  But when the waters start getting really choppy, that is a clear indication that stocks are about to plummet.  In early 2015, volatility has returned to Wall Street in a big way.  At one point on Tuesday, the Dow was up more than 300 points.  But then the bottom dropped out.  From the peak on Tuesday, the Dow plunged nearly 700 points in less than 30 hours before recovering more than 100 points at the end of the day.  The Dow has now experienced the longest losing streak that we have seen in 3 months, but that is not that big of a deal.  Of much greater concern is the huge price swings that we have been seeing. Remember, the three largest single day stock market increases in history were right in the middle of the financial crisis of 2008.  So if stocks go up 400 points tomorrow that is NOT a good sign.  What we really need is a string of days when stocks move less than 100 points in either direction.  If stocks keep making dramatic moves up and dramatic moves down, history tells us that it is only a matter of time before they collapse.  Any student of stock market history knows that what we are witnessing right now is exactly how markets behave right before they crash.

Examine the chart below very carefully.  It is a chart of the CBOE Volatility Index from 2006 to 2008.  As you can see, volatility was very low as stocks soared during 2006.  Then things started to get a bit choppy in 2007, and investors should have recognized this as a warning sign.  Finally, you can see that the VIX absolutely skyrocketed during the financial crisis of 2008…

VIX 2006 to 2008

Looking back, it seems so obvious.

So why aren’t more people alarmed this time around?

As CNN is reporting, the VIX is up almost 20 percent so far in 2015…

Volatility has returned with a vengeance this January. The Dow has been moving up or down by at least 100 points nearly every day this year.

CNNMoney’s Fear & Greed Index is showing signs of Extreme Fear again. And a volatility gauge known as the VIX, which is one of the components in our index, is up nearly 20% so far this year.

Meanwhile, there are lots of other signs of trouble on the horizon as well.

For example, the price of copper got absolutely hammered on Wednesday.  As I write this, it has fallen more than 5 percent and it has not been this low in more than five years.

In financial circles, it is referred to as “Dr. Copper” because it is such a valuable indicator regarding where the global economy is heading next.

For example, in 2008 the price of copper was close to $4.00 before plummeting to below $1.50 by the end of that year as the global financial system fell apart.

Now the price of copper is plunging again, and many analysts are becoming extremely concerned

One growing global worry is the steep decline in copper, which is used in many products and is often viewed as good gauge on how China is doing. The price of copper hit its lowest price since 2009 on Wednesday at $2.46. Copper is down nearly 7% this week alone.

Meanwhile, the recession (some call it a depression) in Europe continues to get even worse, and the euro continues to plunge.

On Wednesday, the euro declined to the lowest level that we have seen in nine years, and Goldman Sachs is now saying that the euro and the U.S. dollar could be at parity by the end of next year.

That is amazing considering the fact that it took $1.60 to get one euro back in July 2008.

Personally, I am fully convinced that Goldman Sachs is right on this one.  I believe that the euro is going to all-time lows that we have never seen before, and this is going to create massive problems for the eurozone.

With all of these signs of trouble out there, the smart money is rapidly pulling their money out of stocks and putting it into government bonds.  This usually happens when a crisis is looming.  It is called a “flight to safety”, and it pushes government bond yields down.

On Wednesday, the yield on 10 year U.S. Treasuries fell beneath the important 1.8 percent barrier.  We will probably see it go even lower in the months ahead.

As the rest of the world economy crumbles, the remainder of the globe is looking to America to be the rock in the storm.  For example, the following quote that I found today comes from a British news source

The global economy is running on a single engine… the American one,’ the World Bank’s chief economist, Kaushik Basu, said. ‘This does not make for a rosy outlook for the world.’

Well, they may not want to rely on us too much, because there are plenty of signs that our economy is slowing down too.  For example, we learned today that December retail sales were down 0.9% from a year ago, and this is being called “an unmitigated disaster“.  Americans were supposed to be taking the money that they were saving on gasoline and spending it, but that apparently is not happening.

Back on October 29th, I wrote an article entitled “From This Day Forward, We Will Watch How The Stock Market Performs Without The Fed’s Monetary Heroin“.  In that article, I warned that the end of quantitative easing could have dire consequences for the financial system as bubbles created by the Fed began to burst.

And that is precisely what is happening.  In fact, many analysts are now pinpointing the end of QE as the exact moment when our current troubles began.  For instance, check out this excerpt from a CNBC article that was published on Wednesday

Stuff happens when QE ends,” said Peter Boockvar, chief market analyst at The Lindsey Group. “It’s no coincidence that the market started going into a higher volatility mode, it’s no coincidence that the decline in commodity prices accelerated, it’s no coincidence that the yield curve started flattening when QE ended.”

Indeed, the increase in volatility and its effect on prices across the capital market spectrum was closely tied to the Fed ending the third round of QE in October.

We are moving into a time of great danger for Wall Street and for the global economy as a whole.

If we continue to see a tremendous amount of volatility, history tells us that it is only a matter of time before the markets implode.

Hopefully you will be ready when that happens.

  • Mondobeyondo

    If I can figure out the signs, then surely some superstar Ivy League economics graduate must know what is going on. Commodities such as oil, gold, copper, etc. are plummeting. That is reflected in the behavior of the stock market. Huge gains one day, huge losses the next, moderate gains the next day, and so on.

    “It doesn’t take a weatherman to tell which way the wind blows”
    – Bob Dylan

    • MichaelfromTheEconomicCollapse

      Very well said Mondo.

      • Bill

        Welcome back Michael. I think you are both correct.

    • T.

      Problem is – The Ivy Leaguers et al are preoccupied with work and pleasure. They are not paying attention and the MSM is rocking them in their arms and singing sweep lullabies.

    • Joethecuckleburr

      Gold is at $1,228.70. It should have been omitted from your list of plummeting commodities.

    • SMASH THE CONTROL MACHINE

      REJOICE YOU SAINTS!!!And after these things I saw another angel come down from heaven, having great power; and the earth was lightened with his glory. 2And he cried mightily with a strong voice, saying, Babylon the great is fallen, is fallen, and is become the habitation of devils, and the hold of every foul spirit, and a cage of every unclean and hateful bird.3For all nations have drunk of the wine of the wrath of her fornication, and the kings of the earth have committed fornication with her, and the merchants of the earth are waxed rich through the abundance of her delicacies.

      4And I heard another voice from heaven, saying, Come out of her, my people, that ye be not partakers of her sins, and that ye receive not of her plagues. 5For her sins have reached unto heaven, and God hath remembered her iniquities. 6Reward her even as she rewarded you, and double unto her double according to her works: in the cup which she hath filled fill to her double. 7How much she hath glorified herself, and lived deliciously, so much torment and sorrow give her: for she saith in her heart, I sit a queen, and am no widow, and shall see no sorrow. 8Therefore shall her plagues come in one day, death, and mourning, and famine; and she shall be utterly burned with fire: for strong is the Lord God who judgeth her.

      Lament over Babylon

      9And the kings of the earth, who have committed fornication and lived deliciously with her, shall bewail her, and lament for her, when they shall see the smoke of her burning,10Standing afar off for the fear of her torment, saying, Alas, alas, that great city Babylon, that mighty city! for in one hour is thy judgment come.

      11And the merchants of the earth shall weep and mourn over her; for no man buyeth their merchandise any more: 12The merchandise of gold, and silver, and precious stones, and of pearls, and fine linen, and purple, and silk, and scarlet, and all thyine wood, and all manner vessels of ivory, and all manner vessels of most precious wood, and of brass, and iron, and marble, 13And cinnamon, and odours, and ointments, and frankincense, and wine, and oil, and fine flour, and wheat, and beasts, and sheep, and horses, and chariots, and slaves, and souls of men. 14And the fruits that thy soul lusted after are departed from thee, and all things which were dainty and goodly are departed from thee, and thou shalt find them no more at all. 15The merchants of these things, which were made rich by her, shall stand afar off for the fear of her torment, weeping and wailing, 16And saying, Alas, alas, that great city, that was clothed in fine linen, and purple, and scarlet, and decked with gold, and precious stones, and pearls! 17For in one hour so great riches is come to nought. And every shipmaster, and all the company in ships, and sailors, and as many as trade by sea, stood afar off, 18And cried when they saw the smoke of her burning, saying, What city is like unto this great city! 19And they cast dust on their heads, and cried, weeping and wailing, saying, Alas, alas, that great city, wherein were made rich all that had ships in the sea by reason of her costliness! for in one hour is she made desolate.

      The Saints Rejoice

      20Rejoice over her, thou heaven, and ye holy apostles and prophets; for God hath avenged you on her.

      • SMASH THE CONTROL MACHINE

        VERY WELL SAID SMASH!!!NOW WE KNOW AMERICA IS BABYLON!!!

        • The Truth

          Umm No. Babylon the Great is False religion. That much is very clear.

          America however is the feet of iron and clay spoken about in Daniels prophecy.

          Daniel 2:43
          Just as you saw iron mixed with
          soft clay, they will be mixed with the people; but they will not stick
          together, one to the other, just as iron does not mix with clay.

          • SMAS THE CONTROL MACHINE

            IF YOU WOULD OF READ THE DESCRIPTION I JUST STATED YOU WOULD UNDERSTAND !!!!I GUESS THATS WHY THE SCRIPTURES SAY MYSTERY BABYLON THE GREAT TO SOME BLIND PEOPLE IT REMAIN A MYSTERY!!! 5And upon her forehead was a name written, MYSTERY, BABYLON THE GREAT, THE MOTHER OF HARLOTS AND ABOMINATIONS OF THE EARTH.

        • GSOB

          This passage from Rev. 18 that STCM wrote suggests to me that Jerusalem is ‘Babylon’.

    • Gay Veteran

      the markets are rigged. remember LIBOR scandal, foreign exchange scandal, etc.

  • K

    Sad to say. I think we have about gotten to the point. Where everyone capable of understanding what is coming, has pretty much acted. And the rest, no amount of proof, seems to make a difference. If you want to see, just how dumb this Country has gotten. Go to Michaels other site, the most important news. Read about the Alice program. Now that is just a whole new level of dumb. We have all heard the pen, is mightier than the sword. Canned vegetables are mightier than an AR15?

  • Urfan

    Michael, how long do you think will it take unless the big crash is coming? Weeks? Months? Tomorrow?

    • MichaelfromTheEconomicCollapse

      Not tomorrow, but I will say that I am far more concerned about this year than any other year since I started this website.

      • T.

        You are right to worry about this year. The Derivatives are already failing.

      • Drud

        I too have had 2015 in my sights as the most likely year for the really fast and ugly part of our economic collapse to take place…at least, since about 2011 when I first started “waking up.” 2015 is seven years remove from the housing collapse (seven years seems to be the period between crashes this millennium, not to mention the Shemitah thing) , also it is peak of the solar cycle (a strange phenomenon, but seems pretty verifiable), also, US debt will hit $20 trillion this year (psychologically a big milestone). We shall see.

        • Tim

          The federal debt probably won’t get to $20 trillion this year, but it probably will be that high by the time Obama leaves office in two years.

          • T.

            What makes you think he will leave office?

      • Smokeman

        Michael, I agree and disagree with you. Instead of it happening in one shot. I see a slow grind to the bottom. Now, i will also admit that any nasty type of war / political event could cause a panic sell off. With a slow grind down, things can fall apart with very little attention. The MSM will only then start reporting about how bad things really are.

        • Gay Veteran

          “…Instead of it happening in one shot. I see a slow grind to the bottom….”

          you’re probably right, this year will be like last year only worse, and on and on

          • Smokeman

            There will be a lot of mini corrections…300-400 points. Only when people can no longer pay for their TV cable and watch Dancing With The Stars will they finally realize what is actually happening. I live in a Florida retiree town. I was thinking of moving 200 miles North to Jacksonville. It was only when I checked the demographics of the city did I realize that it is not only a bad place, but it has the potential to get worse.

  • Leslox32

    Most sheeple don’t want to think about a collapse because it’s not “fun”. Seriously.. Everyone under 40 is like that and it’s really sad. Very few will be prepared.

  • El Pollo de Oro

    The presstitutes have been singing “Happy Days Are Here Again,” but as Public Enemy once said, don’t believe the hype. If you want realistic figures on the employment situation in The Banana Republic of America (BRA), check out John Williams and Shadow Stats. Williams’ research shows that when you count all the discouraged workers who aren’t in the government figures, unemployment was 23% in the BRA in December. The BRA is still in a depression, and it will get a lot worse the next time one of the too-big-to-fail monsterbanks has a head-on collision with reality. The banking system is more toxic than it was in 2008 and even more toxic than it was in 1929. So get ready for a bank holiday, a formal devaluation of the BRA’s debased currency and a bail-in like the one in Cyprus. The BRA’s fascisti bankster junta will simply reach into your bank accounts and help themselves to 10%, 20% or however much they think they need to rescue the Banksters of America, Hells Fargo, JPMurder Chase or the Goldman Sachs Gang. Imagine the government taking one-fifth of your life savings, the devaluing the other 80% so that it will have as much value as funds in Guatemalan quetzales. When that happens, the demonstrations and protests will be much bigger and much angrier than the Occupy protests of a few years ago. Expect civil unrest galore, and the junta will respond with deadly force. The police state is not there to protect us from Islamist jihadist wackos, it’s there to protect the banksters from hungry, desperate, rioting Americans. Deep rivers of blood will flow in the streets and flow in the death camps of FEMA (Fascisti Eagerly Murdering Americans). Torture, rape, beatings, starvation, forced labor…….the death camps will have it all.

    The prepping continues, the praying continues. And God help the rotting, decaying Banana Republic of America, land of the hungry and home of the desperate.

    • Annette Smith

      The prepping continues! You got that right!

      • Shirly

        i guess its just me or who I kno. I wish there would be reset but here on Long Island,,,seems like everyone doing well or at least hiding it. most think economy is rocking here. very annoying ….and this is when businesses are leaving LI.
        just collaspse and reset already before each teacher gets 3 new aids to do the work for them

        • El Pollo de Oro

          Shirly: Here in Philly, I often hear things like, “I just sold my luxury condo in Rittenhouse Square for 700 grand. How can you say the economy is in trouble?” And I point out that even in Panama City or San Salvador, there are upscale neighborhoods where people are filthy rich (and need bodyguards to protect them from all the people who aren’t doing so well).

          • 2Gary2

            Ah the DPDDDT is coming to neighborhoods in the BRA. What a mess Pollo… This may be a good time for you to review exactly what the DPDDDT is for the benefit of the new folks on this site.

            Different topic-a friend is going on vacation to Honduras. Safe or not?

          • El Pollo de Oro

            2Gary2: Pedro San Sula in Honduras has managed to accomplish the unthinkable. It has surpassed Caracas, Venezuela and Ciudad Juarez, México in the murder department, which is saying a lot. Honduras has it all: murder, gang violence (Honduras is where the Mara Salvatrucha gang, or MS-13, massacred a whole busload of people), kidnappings, corrupt policías, and course, the Desperate People Doing Desperate Things Tax (DPDDTT). The DPDDTT collectors in Honduras are great at terrorizing the country’s affluent minority via kidnapping and carjacking.

            Costa Rica, on the other hand, is probably the nicest country in Central America at this point (much safer than Honduras, Guatemala or El Salvador). At this point, Costa Rica, Uruguay and Chile are probably the three safest countries in Latin America and don’t really have the DPDDTT in a big way. It’s as if those three countries are trying to avoid being banana republics while the BRA is determined to be more like Honduras.

          • T.

            I know of quite a few Americans who have relocated to Panama and like it very much. Also, I hear that Ecuador is also a good place for Americans to relocate to. Agree? In the Caribbean the Dominican Republic is supposed to be one of the best places for Americans to live also and there are some very good towns in Mexico where many Americans live. Mexico is a large country.

          • El Pollo de Oro

            T.: I have a friend who moved to Mérida, Yucatan in México when she retired. Sold her condo in the BRA and bought a house in Mérida. She’s heard me talk about the Desperate People Doing Desperate Things Tax (DPDDTT) and all the crazy things that happen in many Latin American countries, and I told her that Mérida is one of the safer places in that country. I would not advise someone who fits her profile (white, early 70s, well-off financially, speaks only basic Spanish) to live in Culiacan, Sinaloa or Ciudad Juarez. Those places are full of DPDDTT collectors. But Yucatan is generally a lot safer than Sinaloa, at least for now.

            Surprisingly, Mexico City has improved a lot in terms of safety. I still wouldn’t recommend a visit to Tepito or Iztapalapa at 3 AM, but el Distrito Federal is better than it was.

          • T.

            Thanks for the reply. I’m sure you’ve heard of Simon Black. In addition to Uruguay and Chile – he has recommended Ecuador and Panama as about equal and as you say certain cities and towns in the southern part of Mexico. Thanks for your comments.

          • Hammerstrike

            Yes, what a vibrant and diverse lifestyle these wonderful Honduran people have!

            How can people be so bigoted as to not wanting these people to come as refugees and enrich their neighborhoods? Diversity is strength!

        • Maddog

          Its because of EBT cards. When the cards stop or are greatly reduced and the sheeple get hungry you will see the reality of the American economy.

      • Hammerstrike

        #ThePreppening

    • MadAsHellYankee

      Well written post.. you’re so right about them helping themselves to our bank accounts. Nah, lets riot and protest or worship the police instead. Pay no attention to the bail-in language in a multitude of laws passed. They’ll probably go for at least 70… we’ll be lucky if they only take 20 percent.

      • El Pollo de Oro

        Yankee: I’m probably being too optimistic when I speak of a 10% or 20% bail-in. Given how gigantic the monsterbanks have become, a 10% or 20% looting probably won’t cover it. And I think it will be a looting of bank accounts in general, not just accounts with specific banks. When Banksters of America slams into a brick wall, BOA won’t be going after only BOA accounts. They’ll go after bank accounts across the board. Checking accounts, IRAs, you name it.

        • Gay Veteran

          and don’t forget that now the derivatives bets of the Big Banks are covered by FDIC ( that would be US tax slaves)

      • Hammerstrike

        What happen when the banks accounts are worthless and dem programs stops?

    • Orange Jean

      Good post for the most part.

      However, I was never impressed by the Occupy protesters… seemed to be mostly a combination of spoiled rotten and apparently guilt ridden rich kids (red diaper trust fund babies?) with time to play in the ghetto … and the same old collection of old hippies who protest anything, drunks, etc. Mostly super liberal Obama lovers. The guy who apparently started it spent time in NYC in a very expensive hotel room when the weather got cold…. which makes me think of Al Gore and his “global warming/carbon footprint” nonsense while living high on the hog with a huge “carbon” footprint according to his standards.

      That being said, if it was to come to riots and/or protests due to the worst-case scenario it would much more likely include mostly people who were working class and middle class… people who worked hard for that money and are unwilling to give it away in some fool “redistribution of wealth” liberal pipe dream.

      • El Pollo de Oro

        Orange Jean: My criticism of the Occupy protests was that the core message often got obscured. They had a camp set up at City Hall in Philly , and people were pushing every pet cause imaginable. Save the whales, save the pigeons, support vegans in Tanzania. Some Ron Paul supporters had a table set up, but they were there to talk economics and were smart enough to stay on their message. I will say, though, that as unfocused as a lot of the Occupy protests were, they did manage to scare the banksters. But those protests will look like child’s play compared to the unrest we’re going to see in the future.

        • Gay Veteran

          Occupy proved one thing: If you effectively protest against TPTB then you will get your head bashed in

          • El Pollo de Oro

            Gay Veteran: As Gerald Celente said, the NYPD became “enforcers for the crime bosses” when they cracked the heads of the Occupy protestors. The NYPD became the goon squad for the banksters, which fits the classic pattern of fascism.

          • Gay Veteran

            the thugs in blue are modern day highwaymen, banksters go free while us tax slaves get our chops busted

          • El Pollo de Oro

            Gay Veteran: I tell visitors from Canada and Europe that when they’re visiting the BRA, they should be careful carrying large amounts of cash because the policías can steal their cash and falsely claim that it’s drug money. People from banana republics in Latin America will say, “But that’s the kind of thing I dealt with back in Guatemala” (or El Salvador, or Honduras). And my response is, “Why do you think they call it The Banana Republic of America?”

          • Gay Veteran

            amazingly enough, attorney general Place Holder has cracked down on that.
            maybe they thought the peasants were getting too riled up

          • El Pollo de Oro

            Gay Veteran: I was really surprised that Holder decided to limit federal asset forfeiture laws. The Prison/Industrial Lobby is very powerful in Washington, DC.

      • foo

        I must respectfully disagree with your opinion of the Occupy protesters. I was working in the Chicago Loop at the time and spent some of my lunch hour talking to protestors over many days. They were mostly firemen, teachers, thoughful college students, construction workers, and concerned “normal” people. Ironically, these were not the people presented by the news media.

        • El Pollo de Oro

          Foo: To presstitutes like Erin “I Love Wall Street” Burnett, any criticism of the banksters was an act of blasphemy.

      • Gay Veteran

        didn’t see the tea party protesting on Wall Street

    • Gay Veteran

      anyone who has their money in one of the Big Banks is insane!
      put your money into a small bank or credit union, and be sure to have cash at home when the “bank holiday” begins

      • El Pollo de Oro

        Gay Veteran: I hope the small banks (the ones that still haven’t been gobbled up by Banksters of America or Hells Fargo) are able to survive the bail-in that’s coming. It will be devastating if the giant monsterbanks are able to loot the accounts of smaller banks. That’s one the reasons I recommend keeping cash on hand (assuming the militarized policías don’t steal it falsely claiming that it’s drug money).

        • 2Gary2

          do you think those of us that are in a credit union are ok?

          • El Pollo de Oro

            2Gary2: That’s a good question. I really wonder if the banksters will go after the credit unions during the bank holiday/currency devaluation/bail-in nightmare that Gerald Celente talks about. I don’t think the banksters will be satisfied robbing their own customers. If they can, they’ll also go after accounts with smaller banks.

        • Gay Veteran

          I totally agree.
          you should keep at least enough cash at home to pay one month’s worth of expenses in case of a “bank holiday”

    • Hammerstrike

      They should declare martial law back in 2013, as soon as the US military purges were completed but they are weary of what will happen when they set it rolling.

      The masses are just getting poorer and poorer, hence there is less and less to loot from them to feed the police state.
      Even worst, their source of income in the last 100 years will be blown and a single world currency would take years and full, honest international cooperation to function.

      Anger and disillusionment in the system are growing and will only grow much further when SHTF, more than in the last 6 years.

    • RageHard84

      Even with all this going on, Obama supporters feed us the BS that we’ve the best economy in 20 years.

      • El Pollo de Oro

        Rage: Americans can be very tribalist. So if you point out there are serious problems with the economy, Obamabots who are members of the Democrat tribe will say, “Oh, you’re just a Republi-Con.” They think that if you’re not an Obamabot all the way, you must be part of the Republi-Con tribe (which I’m not….at all). But tribalism will not save the BRA from its decline.

        • RageHard84

          Good point. Democrats are so wedded to their party they fail to acknowledge its flaws.

  • Haywood Jablome

    But….but……but……CNBC says everything is great! I mean, they wouldn’t lie to people or something would they? I mean…they seem sooooo genuine!!

    • Bill

      Ask George Orwell !!!

  • Tom Truther

    Just look around. look at the what is actually doing any business. comfort foods, sports, depression drugs, anything to get peoples minds off of what is coming

    • MadAsHellYankee

      Depression drugs is no joke. I mean my god, how many Americans are doped up on those things? That’s one of the few things that worries me.

      • Robert C.

        Just wait until they can’t get access to it. Oh boy, it’s going to be bad for a lot of people.

  • Megalon

    Another solid article, well done. I think the economy has already collapsed, we just aren’t seeing the fallout yet. I think the North American economy is like car running on fumes.

  • Bill

    Michael, I assume by now you are aware that Glen Beck has been discussing a list of reasons to be called an extremist from Zerohedge. I assume this initiated with your article and hope you received credit for your excellent work. I’m sorry to be off subject on this thread but want as many people as possible to know that your efforts are being discussed widely. Thanks so much.

  • Bill

    Speaking of parity–Brent and WTI are within 1 cent of parity for the second time today as I looked at prices a minute ago. I think this is extremely significant. Any opinion ?

  • watchmanonthetower

    Physical precious metal-wise; Gold and Platinum are within $2.00 from each other. That can’t be good…but I have a limited experience with these PM, so maybe this is acceptable. Doesn’t feel right, tho.

    ~Watchman

  • goldminer

    Both my parents lived thru the great Depression . They told me many stories about it. But one of the many lessons they taught me was. Never trust banks. Never! Banks will close their doors and Poof! your money is gone! If you think your money is protected by the FDIC. You better put on your thinking cap tighter because there is not enough money in the FDIC or the whole treasury to cover the trillions on deposit.
    If you have your money in a to big to fail Bank. You might consider moving it to a smaller place like a Credit Union. CUs go thru recessions better than big banks.
    Mutual Funds and 401Ks would be good to move to funds that are better protected from a Bear Market. Now is an excellent time to buy some gold or silver while it is still cheap.
    You still have a little time to get prepared. But It will soon run out.
    Tick tock tick tock………………………Boom!

    • Tim

      My late grandfather, who was born in 1916, had thirteen dollars in a savings account and lost it when the bank folded.

    • Orange Jean

      Good point. My father was a teenager during the depression… he advised buying land, if at all possible. Unfortunately, the price of land has gone so high I’ve not ever been able to do that, but I get his point.

      My dad’s father was a “street kid” in Poland, kicked out of the house at age 5 (parents were alcoholics) to survive on his own, which somehow he managed to do. First by begging, then by migrating to Germany and working in the coal mines at age 8, then came to the US in his early 20s … so I figure any advice on survival from that side of the family has got to be good.

    • El Pollo de Oro

      Goldminer: You raise an interesting point about credit unions and “haircuts.” When Banksters of America or Hells Fargo demand a bail-in, will they expect credit unions to contribute? As you say, there is not enough money in the system to cover all the money on deposit. As Nomi Prins says, banks in this country have never been more leveraged than they are now. I think the banksters will expect to loot accounts across the board.

      My grandmother (I’m an aging Gen-Xer) survived the Great Depression and told me a lot of horror stories. It was brutal. But The Greatest Depression, as Gerald Celente calls it, will be a lot worse.

  • alan

    The plunge protection team will save us!

    Whatever happens there will be plenty of ink and paper to fix it. North Korea hackers will be blamed, Bigfoot was seen nearby and of course Putin was also involved.

    CNBC will report no one seen it coming. Barry Soetoro will say We Cyprused some folks!

    By Summer it will be a distant memory. /sac

  • jox

    Here in Spain the government says the recovery has started, and tries to prove it with manipulated figures of unemployment and growth. Meanwhile, the volatility in stock market is hugh. A few months ago they were expecting a Ibex (our stock index) of about 11.000, but it has plunged to 9.900. Inflation closed 2014 at -1%, and this data gets the economists (not the ordinary people) very nervous.

    So in general I agree absolutely with your article. But I disagree about the euro. The low relative value of the euro allow many businesses to export all around the world. They are now competitive and profitable. I know firsthand several of those companies, that have closed the financial year 2014 with benefits because the low euro. It’s the only positive new here.

    • Stan

      There is no difference in the US. They piss on our heads and keep telling us it’s rain…….

      • antonio

        Well put Stan. George Carlin (RIP) put it even more bluntly all those years ago. See You TubeGeorge Carlin The American Dream…Definitely worth watching!

  • Priszilla

    Positive feedback mechanisms tend to crash a system while negative feedback mechanisms tend to stabilise a system.

    Pfm is favoured by individuals.
    Nfm is favourable to groups and Systems.

  • Daniel

    You do the same thing over and over . The market is not going to crash yet . It’s called a consolidation . Stop writing about something you know nothing about .

  • underaged

    Yeah, you know, that what markets do. They go up. They go down. The world is a tough, dog-eat-dog, competitive place. I’ll take competing over prepping any day – even on the worst days. If you would rather hide on the sidelines and whine, well that’s a choice too.

    • JayC777

      It’s good to know that thanks to my prepping, you will not be any “competition” for me when it all crashes and burns. It will crash and burn.

  • Mike Smithy

    Despite the legalization of marijuana in Colorado, the illicit street corner pusher has as much market share as he did before legalization because he can sell it cheaper than the legal boutique shops. Now that the stigma has been minimized, many more people are indulging. It is just another example of social decay and the slouching toward mediocrity.

    • Gay Veteran

      “…It is just another example of social decay and the slouching toward mediocrity.”

      marijuana is less destructive than alcohol

      • Mike Smithy

        The same could be said for huffing glue.

        • Gay Veteran

          really?

          “…The chronic use of inhalants has been associated with a number of serious health problems. Sniffing glue and paint thinner causes kidney problems….”

      • Tom Truther

        i agree that it is less harmful than alcohol but it is not something that should be used day in and day out. i have personal friends who have been addicted for years and their brains aren’t what they once were

    • ian

      i live in colorado, and i dont know where you are getting your info, but it is false.

    • Medusa00

      It appears that you have a huge knowledge gap re: cannabis.

      Cannabis is a plant that grows from the ground. It does not have to be processed, “cut” or otherwise manipulated in order to be useful. It is medically useful in a HUGE range of diagnoses, and has just as large a range of commercial and industrial uses as well (hemp).

      Please, please learn more about this plant. People you love may be helped so much by this plant, especially when the SHTF and medications are no longer available.

  • frank1569

    Rollercoasters only SIMULATE near-death experiences for FUN, and they always return you safe n sound, excited to go again.

    Sometimes they fly off the rails, though. Or get washed out to sea. Or burn down. Or rot away in a bankrupt amusement park…

    On the other hand, Republicans are quite sure a return to ‘trickle-down/voodoo economics’ will ‘save America.’ So no reason to worry.

  • Jack

    The Swiss bank dropped the the peg to the EURO at 1.20. In thirty minuted the EURO crashed 30% it is now around 1.02. GOD knows what will happen next!!

  • 2Gary2

    Large corporations and the 1% rely on
    racism. Racism is a powerful tool used to justify growing inequality.
    Because racism is such a powerful force in our country, large
    corporations and the 1% can count on people to support policies that hurt all of us when they play the race card.

    • DaveZiffer

      That’s interesting. I think it’s clueless posters who are always playing the race card.

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