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Global Stocks Continue To Crash As Oil Plummets And Gold Skyrockets

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Clock Image - Public DomainStock markets around the world continue to collapse as this new global financial crisis picks up more steam.  In the U.S., the Dow lost 254 more points on Thursday, and it has now fallen for five days in a row.  European stocks continued to get obliterated, and financial institutions are leading the way.  But this week what is happening in Japan has been the most sobering.  After falling 918 points the other day, the Nikkei plunged another 760 points early on Friday.  The Nikkei has now fallen for seven of the past eight days, and investors in Japan are in full panic mode.  Overall, global stocks are well into bear market territory, and nearly 17 trillion dollars of global stock market wealth has already been wiped out.

As panic rises, investors are seeking alternative investments.  On Thursday, the price of gold hit $1,260 an ounce at one point before settling back a bit.  But even with the fade at the end of the day, it was still the biggest daily gain in more than two years.  Overall, gold is having its best quarterly performance in 30 years.

Whenever a financial crisis happens, investors seek out safe havens such as gold that can help them weather the storm.  In particular, demand for physical gold is going through the roof all over the planet.  Just check out the following excerpt from a Telegraph article entitled “Investors ‘go bananas’ for gold bars as global stock markets tumble“…

BullionByPost, Britain’s biggest online gold dealer, said it has already taken record-day sales of £5.6m as traders pile into gold following fears the world is on the brink of another financial crisis.

Rob Halliday-Stein, founder and managing director of the Birmingham-based company, said takings today had already surpassed the firm’s previous one-day record of £4.4m in October 2014.

BullionByPost, which takes orders of up to £25,000 on the website but takes higher amounts over the phone, explained it had received a few hundred orders overnight and frantic numbers of phone calls this morning.

Meanwhile, the price of oil continues to drop to stunning new depths.  On Thursday U.S. oil dropped as low as $26.21, which was the lowest price in 13 years.  Not even during the worst parts of the last financial crisis did oil ever go this low.

And remember, the price of oil was sitting at about $108 a barrel back in June 2014.  Since that time it has fallen about 75 percent.

Needless to say, this crash is having some very serious consequences for the energy industry.  Previously, I have reported that 42 North American energy companies have gone into bankruptcy since the beginning of last year.

But I just found out that the true number is much worse than that.

According to CNN, “67 U.S. oil and natural gas companies filed for bankruptcy in 2015″…

Bankruptcy filings are flying in the American oil patch.

At least 67 U.S. oil and natural gas companies filed for bankruptcy in 2015, according to consulting firm Gavin/Solmonese.

That represents a 379% spike from the previous year when oil prices were substantially higher.

With oil prices crashing further in recent weeks, five more energy gas producers succumbed to bankruptcy in the first five weeks of this year, according to Houston law firm Haynes and Boone.

A lot of people tend to think that my writing is full of “doom and gloom”, but the truth is that I often understate how bad things really are.  I’ll often report one number and find out later that an updated number is even worse than the one that I originally reported.

What we desperately need is for the price of oil to go back up.

Unfortunately, the International Energy Agency says that isn’t likely to happen any time soon

The International Energy Agency said earlier this week that it expects the global oil glut to grow throughout the year.

With the market already awash in oil, it is very hard to see how oil prices can rise significantly in the short term,” the IEA said in its monthly report.

And of course all of this is incredibly bad news for financial institutions all over the world.

During the boom times, the big banks showered energy companies with loans.  Now those loans are going bad, and the big banks are feeling the pain.  The following comes from CNN

It’s never a good sign when the country’s financial lifelines are under stress. Large U.S. banks JPMorgan Chase (JPM) and Wells Fargo (WFC) that helped bankroll the energy boom are already setting aside billions to cover potential loan losses in the oil industry. Investors are worried about imploding energy loans for European banks like Deutsche Bank (DB). High yield bonds in your investing portfolio wont be looking good either — Standard & Poor’s warned that half of all energy junk bonds are at risk of defaulting.

Speaking of Deutsche Bank, their stock price continued to plummet on Thursday, as did the stock prices of most other European banks.

Things were particularly bad for France’s Societe Generale.  Their stock price plunged 12 percent on Thursday alone.

This is what a global financial crisis looks like.  It began during the second half of last year, and now it is making major headlines all over the planet.

At this point, things are already so bad that the elite are starting to freak out about what this could potentially mean for them.  I want you to carefully consider the following two paragraphs from an editorial that I came across in the Telegraph earlier today…

We are too fragile, fiscally as well as psychologically. Our economies, cultures and polities are still paying a heavy price for the Great Recession; another collapse, especially were it to be accompanied by a fresh banking bailout by the taxpayer, would trigger a cataclysmic, uncontrollable backlash.

The public, whose faith in elites and the private sector was rattled after 2007-09, would simply not wear it. Its anger would be so explosive, so-all encompassing that it would threaten the very survival of free trade, of globalisation and of the market-based economy. There would be calls for wage and price controls, punitive, ultra-progressive taxes, a war on the City and arbitrary jail sentences.

I think that the author of this editorial is correct.

I do believe that another financial crisis on the scale of 2008 would trigger “a cataclysmic, uncontrollable backlash”.

In fact, I believe that is what we are steamrolling toward right now.

We can already see the anger of the American people toward the establishment being expressed in their support of Bernie Sanders and Donald Trump.

But if the financial system completely collapses and it becomes exceedingly apparent that none of our problems from the last time around were ever fixed, the frustration is going to be off the charts.

Many people believed that this day of reckoning would never come, but now it is here.

The “coming nightmare” is now upon us, and this is just the start.

The rest of 2016 promises to be even more chaotic, and ultimately this new crisis is going to turn out to be far worse than what we experienced back in 2008.

  • Marco

    One side of me is happy that this is all happening. I’m so tired of this fake market. I don’t care what anyone says, we are not practicing true capitalism – not with algos running the market and so much power consolidated to a select few.
    The other side of me is sad, because I know this is just the beginning. And if you’re a Bible-believing Christian, you know it’s going to get worse – much worse. So much so that people are going to beg to have a one world government, with one world economy, and no more cash.
    Ultimately, my faith is not in politicians or fiat currency, or rare yellow rocks. Bring it.

    • RTL89

      I hope you don’t take this the wrong way, but I absolutely love you for this post! (lol!)
      When you say “not practicing true capitalism”, truer words were never spoken. I hate this façade we are putting on in our societies. Just a few days ago, Michael posted an article about the depression pandemic that is sweeping the globe.
      It absolutely baffles and frustrates me that we have corporate fascists running our governments -resulting in mass losses of jobs as they get shipped overseas – and yet all the common sheep have to say is “deal with it, you aren’t owed anything”. But that’s a load of bullcrap because these people don’t have a single clue about what they’re even defending anymore. Pumping monetary meth into the system, buying back their own stocks, manipulating unemployment numbers, storing their extreme wealth in offshore accounts so they don’t have to pay taxes back into the system – all resulting in a slowdown of money velocity and a severe loss of good paying jobs – and all these sheep have to say is “you aren’t owed anything, that’s capitalism for you!” NO IT IS NOT!!!! GO EFF YOURSELVES. What it truly is, is fascism/oligarchism masquerading itself as a “free capitliastic market”. I can’t wait for it to all burn to the ground so people can see how foolish they actually were to preach something they knew nothing about.

      • Randy

        OK, you’re sort of correct on a few points, but waaay the heck off base on others. Capitalism is the absurd notion that you can create some fictitious bookkeeping entries out of thin air, and then charge this insane notion called “interest” on the loaning out of those phony numbers, to justify creating even MORE bogus numbers on the books!! From WHERE do those additional entries come from to satisfy ANY amount of “interest” being charged? If I loan you 100 of something, how do you pay me back even just one more of them when the time of the loan is up? WHERE DOES IT COME FROM????
        You need to stop confusing free market enterprise with the pipe dream of capitalism, they are as different from each other as night is from day.
        Get your terms understood fully BEFORE you go off on a rant and expose your ignorance of the facts.

        • RTL89

          Capitalism also shares the absurd notion that only the most skilled people are entitled to the resources of life, but this notion is further exacerbated by the fact that the Ponzi scheme they have set up eliminates the need for a lot of these jobs, so now we are faced with the crisis of 100 people applying for a job and only 1 person getting it while the 99 others suffer and have no other place to turn to except social assistance.
          Capitalism thrives in a debt-based economic system, and right now that debt is coming due so they have no other recourse other than to print more money – more “transactions” – into existence so they can put those payments into arrears.
          I fail to see where you and I disagree.
          If what we had right now was TRUE capitalism, all of the markets would have imploded by now. But instead, it’s all about keeping the markets afloat to benefit ONE side only – their side. It’s the equivalent to having the everyday individual, such as you or I, owning a credit card in which their is no credit limit and you can choose to lower your own interest rates down to 0% if you wish. If you or I found a way to manipulate that, we’d get thrown in jail. If we don’t report ALL forms of income at tax season, we get audited and charged with “tax evasion”. Yet the governments do this and it’s perfectly acceptable.

          • Randy

            Thanks to your reply, I can see that we’re not that far off the same page as I initially thought we were. But that being said, I think that there are still some points of difference.
            Do you agree that we’re in this debacle due to being tricked into accepting a world wide fiat paper currency/electronic bookkeeping entry financial system, which is a fancy way of saying “unjust weights and measures”? That IS what it really all boils down to, you know. Fraud as far and wide as the eyes can see, no one can escape from it for very long. The whole society is telling one lie after another, and when the flood waters of the collapsing economy wash us into the canyons, who will be on high enough ground to keep from getting dashed to bits on the rocks?
            What do you think of The Three Magic Questions? They are as follows. What is the EXACT AMOUNT of fraud that ANY man or woman has the right to commit? What is the EXACT AMOUNT of fraud that ANY man or woman has an actual obligation to endure? What is the BASIC PREMISE that is being operated off of, in the instant case?

        • fwalker000

          Put down the mirror.

          • Randy

            Oh boy, now THAT has to be one of the snappiest comments that I have ever read! I’m just totally agog over your razor sharp wit and awe inspiring intelligence! Not.

          • Bill G Wilminton NC

            randy this jerkilini fwalker000 is really SP2300ROFL ha ha such bs lol.

    • Dio Jones

      Jesus is Lord FOREVER!!

    • J.L.W

      Banking collapse- Illuminati arrest – Golden age of humanity!

    • Lao Tzu

      I know it is going to get worse, but if you are a bible believing Christian, that is enough for me to doubt your sanity, LoL! You believe and spew out fairy tales, then expect to be taken seriously?

      • K

        You come to a site, run by a Christian. Posted on by many Christians. And spout your tripe. At the least extremely bad manners. But since you like Lao Tzu, consider this. “Those who know do not speak. Those who speak do not know.”

        ― Lao Tzu, Tao Teh Ching

        • SunnyFlaSnotress

          If this is a Christian site, it should announce itself so instead of pretending to be unbiased.

          • K

            Check the heading the most important thing at the top. More than that, might make others feel unwelcome. To me, it is just a case of reasonable manners. Yes I know, a very old concept. But then again, I am very old.

          • SunnyFlaSnotress

            Yes, I see the heading.. and then guys go on with their religious tripe.
            I see it as religious bigotry.

          • K

            Bigotry is a much overused word. But normally it requires an action. Believe as I do, or I will chop off your head. That is bigotry. So if bigotry was practised here. You would have been banned long ago.

          • SunnyFlaSnotress

            So you don’t chop heads.. Want a medal for ranting like loony tunes on financial blogs?

          • Bill G Wilminton NC

            Put a sock in it please…….

          • SunnyFlaSnotress

            Make me scripture boy,

        • Lao Tzu

          So then you agree that Michael himself knows the least, since obviously he is the one who speaks the most among us.

          • K

            No,Michael follow the teaching of Jesus Christ. He tells us, to spread the Good News. I was pointing out what the teacher you follow says

      • Bill G Wilminton NC

        you have one approval flag from a VAMPIRE lol….that says it all.

        READ THIS: There are now 58 million Protestant Christians in China plus there are millions of Catholics and at this rate China will be the most populace nation of Chistians in the world…put that in your RICE BOWL

        • SunnyFlaSnotress

          China is 2-4% Christian.. A lot more Buddhists.

          • Bill G Wilminton NC

            The Christian faith especially Evangelical is exploding in China…..when you add in Catholic and other Christian faiths you are pushing on 10 %…….from zero 30 years ago.

          • SunnyFlaSnotress

            Your stats are wrong.

          • Bill G Wilminton NC

            In China there are now easily over 100 million Christians… my stats are accurate. Along with the many many large churchs getting 5-10 thousand on a Sunday there are thousands upon thousands of home churchs where a handful (2- 10) people gather and read the Bible. And the existing churchs are growing at an astounding 5% a year.

            There was just a siuation where the gov of China cracked down on a church and were going to tear it down. The people 10, 000 surrounded the church and on shifts protected the church 24 hrs aday for 6 weeks and blocked the tear down. The gov relented and only asked them to remove the cross off the front of the building.

            There are more Christians in China than in the USA…..how God works as one country is losing its faith another replaces it……

  • alan

    Probably a good thing the Red Chinese market was closed this week. Hum…I wonder if that was a coincidence.
    This will flounder around a while, media will spew fear propaganda and Mr. Yellen will cut rates to -1% or give a speech and it will all be better until the next time. Same ole cr@p different fear propaganda.

    • Tommy Wang

      Yes Alan Red Chinese indeed. Very soon coming
      to America. Red U.S.A.

  • Tim

    What I have been warning others about for well over 10 years now is now upon us. Some considered what I had to say, but many ignored me. But it’s here, and I believe it’s going to get much, much worse. I knew that I would be proven right, though I’m sorry for the pain that we’re going to experience very soon.

    • it not getting worse. its getting worse only in your head and int his blog. where do you see crisis? I don’t

      • Randy

        Then you must be totally blind to not see it. How do you post here, if you can’t see?

        • I went to the street and asked 10 people do you have job- they said yes :) do you see crisis? they said yes- asked there is crisis in tv?
          – they said – yes :) do you want to be better?-they aid yes. do you want to change(yourself)?- they said no :)

          • Steeve Girard

            You will not find jobless people on the street, they are in their homes, fortified, very defensive. And if their home has been foreclosed, or evicted, they will be in their cars, campers and tent, with being most likely in low urban areas (which excludes city core, and suburbia). Try looking for cars with lots of stuff in it, campers and tents, look for large parking areas, camping grounds, remote woodland areas, mountains and caves. I am pretty sure you never searched for those areas, do you know why? The answer is water access!

          • this is the best answer. so if i can’t see this so you need to understand that people who can help(like me who is not yet homeless)don’t see as well, so we can’t help. thanks for your answer

          • SunnyFlaSnotress

            aka “living in a van.. by the river”
            In these parts, numbers stay in RVs etc in Walmart parking lots

          • Randy

            But who were those ten people?  What kind of street was it?  Of course you can go up to ten or even twenty people wearing a Walmart badge in a Walmart store and ask them if they have a job, and all of them will say Yes!  How about going into a poor part of town where men and women are sitting around doing nothing in the middle of the day, and asking them that question?

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            I went to the street and asked 10 people do you have job- they said yes :) do you see crisis? they said yes- asked there is crisis in tv? – they said – yes :) 11:30 a.m., Friday Feb. 12 | Other comments by Raimondas Lapinskas Ukbff |   |
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      • Mr. Cipher

        Reach between your legs and pull real hard

        • if I will do it,crisis will end up? ok. I did it I feel pain, what is next?

        • then I was living in the street I reached between my legs an pulled so hard that I waked up and from 10 dollars I started to work to save to learn and lo read new things.

        • SunnyFlaSnotress

          I’m sorry I didn’t see that comment before the delete

      • Mark

        I believe he is from Europe most likely from Russia, Ukraine, or maybe Yugo/Chec. region. Lapinakas is Slovak of some sorts. Also read the writing. Not clear and concise. I believe our friend from overseas is blind especially if he does not understand economics 101. Welcome to Americs my friend. You will get educated the hard way when things come a crashing down.

        • Im from Lithuania and living in the UK. I have family in America they are living in Detroit, if I’m blind so open my eyes

          • J.L.W

            Perhaps start with the Telegraph article referenced in this one. Telegraph are a little more mainstream, perhaps that source will allow you to take more of the information in.

            The Guardian has similar articles. Mentioning the economic crash as a genuine possibility.

          • if it will crach it will crash, so what? If someone going to shoot me to my head do I need to write to all people and feed them with fear?

  • I don’t see and I don’t feel any crisis

    • Plextt Plextt

      Neither do I, but I’m beginning to fear the idea of it being more likely to occur. Time will tell.

    • Paul Patriot

      Do you live in an upper class gated community and never watch news to see what is happening globally. You may not “feel” it due to your exclusive living circumstances, but, to not see it……you simply have to remove head from buttock. It’s very simple, and very liberating I might add.

      • TV? I’v not been watching TV for 12 years :) I have never feeled any crysis because where is not such a thing, it is only on the TV, and I recommend to stop watch it :)

        • your a dumb troll

          Are you a robot or are you from India? Or 10 yrs old? Your grammar betrays you. Nice try, troll. Given all the facts above, good luck trying to interrupt everybody with your paid government dribble. On second thought, go for it. Your verbal pummeling will be a small thrill in my day…..cheers.

          • no I’m not A ROBOT I’m FROM Lithuania and I’m 32 years old, sorry for my pirate english, TV is washing your brains :) I’m living in uk 14 years and i’m working as Personal Trainer. Your A dumb troll why are you hidding your indentity- Are you robot? what are you afraid of?

          • governmnet paying TV to wash your brain not me.

    • ONE WHO KNOWS

      Please do the following: Google: 1) over 50 and out of work. 2) graduate students on welfare and food stamps. 3) all of the unemployed lawyer blogs. 4) all of the websites that folks have run out of cash and are begging for help. 4) all of the websites for the unemployed and underemployed undergrad students.

      • I know more than 1000 people all of them is working:) if tv washed your brains and you become a lawyer it is your problem :)

        • ONE WHO KNOWS

          You personally know 1000 people??? You are in denial.

          • not personally :) If you lost your job or have no money it is not mean that all world is in crisis :)

          • ONE WHO KNOWS

            Real life IS just fine. It’s the man-made system that is unraveling. Sadly, some folks can’t discern the two.

        • Scott Comin

          Oh really? New York the capitol of travel is laying off left and right, hotel employees. The holiday season was never this slow in the twelve years I have worked in hotels.

          • find another job.

          • Bill G Wilminton NC

            This is accurate…..

          • The proof is in the pudding

            Now that you know they are laying off, are you actively looking for different employment in a different field or will you just wait for your pink slip and chalk it up to bad luck and a bad economy?

        • billtheguy

          Your husband/wife has to be working also. You cannot live in this country on what you make in one of the jobs you’ve listed.

          • so how do you live if not working, do you want money for free??? one working person must feed all family??? Me and my wife worked in this jobs and every fine

          • if you want to have ten houses with 20 swiming pools and 30 bedrooms and have 6 ferraris, it is your problems :)

    • Mark

      You must be blind or a Obummer supporter. Maybe you are receiving government welfare so of course your life has not changed. Pookie gets his Obummer phone and welfare check and the top 3% continue to screw the middle class and corrupt Wall Street while government over taxes us and crests more socialism. Yes, around 25% is enjoying life. How grand it is while the 75% of the US. Population suffers. You need to see the real world. Another cheerleader from the left.

      • no I don’t recieve governmnet welfare, I manage to make money myself. goverment offered me alot of money I said NO, THANKS I will beter clean toilets

  • aldownunder

    The day of reckoning is fast approaching people
    Time is running out
    When this plays out there will be at least a decade of misery before us,i hope you’re ready this will get nasty
    I’ve told everyone I know and love to educate themselves and make up their own minds
    I hope they listened this is just the beginning who knows how ugly this will end up
    My guess is not well

    • there is crisis in the tv? or in this blog?

    • Randy

      Yes, you are right, this is NOT going to end well at all for anyone. Even the ones who like to delude themselves with thinking that they will eventually emerge from their hidey hole into a bright, sunny day will find things very much different than they think they will be. It will be many CENTURIES before we get past the hand-to-mouth existence once more. This planet is just littered with evidence of civilizations growing and then collapsing. Their ruins are on every continent you may care to name, you just have to dig down deep enough to find them.
      The radiation from Fukushima and the other nukes that will melt down soon when people walk off their job because they can’t be paid will kill most life on Earth.

    • SunnyFlaSnotress

      you get an “a”for reiteration

      • Bill G Wilminton NC

        Aldownunder gets 8 approvals you get 0…..that says it ALL

        • SunnyFlaSnotress

          So there’s a happy pool of parrots here and I’m not part of the parrot clique.. aww.

          • Bill G Wilminton NC

            Aldownunder has 9 approvals you get 0….that says it all…..Good nite Gracie.

          • SunnyFlaSnotress

            My goal isn’t to get approvals if that’s what you think.

          • Bill G Wilminton NC

            And you do not contribute you just fart phh phh phh phh phh phh

          • SunnyFlaSnotress

            He who smelt it dealt it.

  • Steve Hansen

    What we desperately need is for the price of oil to STAY LOW or go even lower! Then maybe, just maybe, we finally can get a sustainable system that’s not based on debts and printing money’s out of thin air. A system that’s not controlled by a few banksters! But it has to get a lot worse before it’s getting better…

    • Randy

      Yes, get much worse it will, I must say. Education is our only hope of not repeating this folly again.

      • Bill G Wilminton NC

        Yeshua only hope

    • Steeve Girard

      It will stay low as long as the oil producers will be scared of losing market shares. The only thing that will make them stop this price war is increasing central bank rates. Right now they are using borrowed money to increase production in order to market their stuff the fastest as possible. They are on a head hunt, they want US shale to die, they want Canada tar sands to die. And they will stop until they depleted their own sources. (14 years and still counting)

  • jox

    I have the solution! A false flag attack over saudi interests, blamed on Iran or Russia, followed by a conflict that closes Ormuz. Voila!

    • jaxon64

      I actually thought this same thing–I’m watching for a quick escalation of things between sunni/Saudi interests and Iran/shia interests. Nothing like war in the oil producing ME to solve the glut problem and put to work a lot of the manufacturers who supply the machines of war.

    • Mondobeyondo

      Nothing like a good ‘ol war to get the economy moving again! Except that doesn’t work anymore. We spent 15+ years spinning our wheels in Iraq and Afghanistan, and the end result?

    • Steeve Girard

      It will not solve the problem… the Saudi did tried to address the problem as if they were still number 1. Well guess what? Number 2 + Number 3+ Number 4+ Number 5 > than Number 1. and if they decide to continue panicking… then the vicious cycle get more fuel.

  • aldownunder

    I suppose there will be some sort of bulls**t bounce today in the markets for stocks and oil just to keep the plebs in the dark and a bit of a smack down for pm’s
    Fact is the games over they’ve run outta ammo and time

    • Bill G Wilminton NC

      YUP the Plunge Protection Team started early ….all BS.

    • fwalker000

      fwalker000 Brandon Bond 9 hours ago
      You mean strength till the close narrowing the decline/ neg momentum on the weekly setting up for series of relief rally / short squeezes into mid March

      • Bill G Wilminton NC

        fwalker000 SP2300ROFL back to your script reading….give us a break will ya…..you got no other street to play on….no one will have ya…lol

  • K

    So it begins. First a rush into gold. Once enough go into gold, they will outlaw private ownership of gold again. Cash out of the market, and put it in a bank.There you will soon find negative interest rates. Translation of negative interest rates. We intend to rob you. How nice, that they tell us ahead of time. Take your money, and hide it in the mattress? No, we are going to a cashless society. So they are going to make it illegal, for you to resist them robbing you. For all of you people. Who still think, this is one big coincidence. The bear is in the tent with you. And screaming, there is no bear. Is a highly ineffective tactic.

    • Mondobeyondo

      Sounds a lot like 1933…

    • Steeve Girard

      Wow! You nail it!

    • Rob W

      Thank Dog for peak oil. All the empires are gonna bust.

    • Mark

      K,
      I actually agree with you on this one. This is the beginning of the establishment robbing us legally and converting our society into something which we never imagined. I do believe this was always the plan from the globalist which I hate. Destroy the middle class, create a one world currency, and rule the world. Oh and create a poverty stricken society dependent one the system. Good analysis.

      • Bill G Wilminton NC

        Get Right With God……Now !

        • SunnyFlaSnotress

          I’m getting W rong with god now! 😉

          • Bill G Wilminton NC

            not much time left…..we all make a choice…..then live with that choice for eternity…..this life is but a vapor

          • SunnyFlaSnotress

            Don’t sweat it kiddo 😉

          • Bill G Wilminton NC

            Vapor doesnt sweat………….

          • SunnyFlaSnotress

            I’m speaking figuratively.

          • Bill G Wilminton NC

            you may need a vaporizer…….

          • SunnyFlaSnotress

            I vape my e-cigs.. that’s all I need 😉 ..and that’s for fun

          • Sherry Lipari

            Bill – you are so right! I have been watching for several years now and only amazed that the fragility of our society has not already collapsed. Come Lord Jesus, Come!

      • alan

        Trading in gold and silver by-passes the criminals. So it can be “outlawed” but we can still trade with it between ourselves. Starve the parasite that feeds on us.
        I don’t think there will ever be one world anything. People are tribal and when things go wrong we need to be able to point a finger at someone else and blame them for the problems.
        The consolidation of the power at the top will get messy too. I just don’t see it happening.

        • Randy

          Centralized electrical power is the key to the whole society. Take that away, and the entire thing just falls apart. It takes LOTS of people, computers, raw materials and fuels to keep an electrical utility up and running, I know, because I spent 15 years in one. When the grids go down, the copper in them will be easy pickings to be melted down again like they did in ancient times, and we will have plenty of cheap copper once more to act as a medium of exchange along with the silver and gold. The silver will be recovered from various electronic devices since there won’t be any power grids to run them. Same way with the gold in computer chips. The gold in the vaults will be difficult for some people to access, but the smart people will figure out how to open up those steel oysters and claim the prize within them!!

          • Holger Jahndel

            Read Alec Deacons PREPPER Literature and Websites and Forum and advises for PREPPER and PREPPING about the coming Collapse!
            You really can prepare with it.
            Also watch his Online videos.
            And visit his Facebook website!
            The Collapse of the US Economy and the US Dollar and the US electrical Grid will happen some day…!

          • Randy

            Grid failure is happening right now in Venezuela! They are having a power shortage, but won’t state what the real cause of it is. Stores are being asked to curtail their hours of operation or supply THEIR OWN POWER during certain hours of the day! That may work in a few instances, for a short term, but long term and for lots of stores? No way Jose’!!

        • Mark

          You could be right. I am just looking at what the powers to be want to create. I do believe we are tribal and the one world order will fail if that is what the globalists truly want. I did buy physical gold and silver and have a sufficient supply of cash.

        • Alana Gale-Perry

          If enough families are hungry, without shelter and basic necessities, they will do anything. Think about the families who will see their children go hungry, and even literally starving for lack of food. Most will do almost anything to help their children, especially when they see how they didn’t see the deception that will now be before their eyes. There will be many parents wondering how it went from where we were to where they are at the time of the greatest crisis. Just think about that, and it won’t be difficult to believe that many will do whatever they can just to survive.

      • Mike_Travis

        Yes and given all the facts, especially that the global elitists want to murder 95% of the world’s population so the earth can be “sustainable”, don’t you think it is time for We the People to start arresting and executing the traitors in DC and other government entities? After all, it IS what they are planning to do to us!!!

        • Elsajroos1

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    • Bill G Wilminton NC

      K…….OH you are GOOD……thanks for the post….

  • mister_roboto

    Shale-oil fracking was always a scam in the amount of energy delivered for the amount of energy put in (so of course it would turn out to be a scam financially), not to mention an unspeakable ecological nightmare. The regulars here might not care that much about such considerations, but don’t forget about China and the harm their wanton abuse of their environment has done to their economic prospects.

    • Scott Comin

      Amen

  • Cal

    I see on the horizon the mark of the beast to buy and sell. Gold and silver will become worthless. Now the Russians are upping the ante threatening war with the starting point in Syria. Congrats Mr. President, your objective was to transform America…you exceeded your expectations beyond your wildest imaginations. See you on the Judgment Day.

    • Randy

      Without lots of electricity, there will be no way for the electronic MOTB to actually work, don’t you see this? But with 90% of the people of Earth killed off by the NWO crowd, it could be done with a tattoo of some kind. But YOU won’t be around to see it happen.

    • Bill G Wilminton NC

      Amen……Bullseye.

  • Cal

    You can escape all of this. Have a come to Jesus moment. Call on the name of the Lord and you shalt be saved…then repent. It’s the only hope and time is up.

    • Bill G Wilminton NC

      Amen……Time is short….Get Right With God.

  • Madamarcati

    Yesterday the head of the military in Saudi Arabia stated that they, together with 37 othe Islamic statelets and their allies, the US, will be sending troops into Syria to fight Assad and Putin. Aren’t the plains of Megiddo in Syria ?

    • Barry

      No, Megiddo is in Israel! I’ve been there and seen it firsthand. It is where the final battle of Armageddon will be fought when Jesus returns and puts a stop to all the fighting.

      • Madamarcati

        Righto. Thanks.
        How best to prepare ?

        • he want so say PRAY :) AND YOU WILL SAVE THE WORLD :)

          • GSOB

            2 Corinthians 5:17, 18

            17 Therefore if anyone is in Christ, he is a new creature; the old things passed away; behold, new things have come.

            18 Now all these things are from God, who reconciled us to Himself through Christ and gave us the ministry of reconciliation,…

          • Gay Veteran

            parrot

          • Bill G Wilminton NC

            weak feeble miniscule fart…. phh

          • Gay Veteran

            unlike your farts which are strong!

          • GSOB

            Then he gave this illustration to certain people who were confident of their own goodness and looked down on others: “Two men went up to the Temple to pray, one was a Pharisee, the other was a tax-collector.

            The Pharisee stood and prayed like this with himself,
            ‘O God, I do thank you that I am not like the rest of mankind, greedy, dishonest, impure, or even like that tax-collector over there. I fast twice every week; I give away a tenth-part of all my income.’

            But the tax-collector stood in a distant corner, scarcely daring to look up to Heaven, and with a gesture of despair, said, ‘God, have mercy on a sinner like me.’

            I assure you that he was the man who went home justified in God’s sight, rather than the other one.

          • Gay Veteran

            oh polly, you work so hard, have another cracker

      • Enrique R. DéZuardí

        You’re reading too many comic books

        • Rob W

          Is God willing to prevent evil, but not able? Then He is not omnipotent. Is He able, but not willing? Then He is malevolent. Is He both able and willing? Then whence cometh evil? Is He neither able nor willing? Then why call Him God?

          • Bill G Wilminton NC

            Evil is an absence of good….All that God created was good. He gave His created creatures angelic and human the ability and FREEDOM to choose GOOD but the absense of choosing GOOD is EVIL.

            God did not create evil as it is not a thing that required creation. Evil is an absense of God.

            God did not create evil but He does allow evil…. if not “we” both humans and angels would be robotons and serving God out of command or programming.
            God Bless

            Shalom

          • GSOB

            Thank God for His word.

            Genesis 1:4
            &
            3:4,5
            &
            Isaiah 45:7
            &
            John 8:44
            ……………………….
            Read your bible.
            Romans 9:14
            & Ephesians 2:3

          • Bill G Wilminton NC

            Put a sock in it………….

          • GSOB

            Luke 13:3
            What should surprise us is not the manifestation of His justice.
            It is the manifestation of His mercy that should surprise us.
            We don’t get what we all deserve as sinners.

            God is Holy and God is just. We are not.

          • The proof is in the pudding

            Tradition.

          • Rob W

            No, Epicurus.

          • GSOB

            Define evil.
            Define good.
            Ultimately, by who’s standard?
            His?
            Ours?
            We have the Holy Scriptures and the blood of Jesus.
            He has defined everything for us,… created us.
            His providence and evil we see, no one can compartmentalize clearly but He is in control. He knows.

            The fear of the Lord is the beginning of wisdom.

            Kiss the Son.

          • Rob W

            sophistry is your answer…

        • Bill G Wilminton NC

          The Bible is not a comic book…..ALL IS REAL AND COMING SOON.

          • Gay Veteran

            bad fiction

          • Bill G Wilminton NC

            write a post….enuff weak farts

          • Gay Veteran

            you’re the expert!

          • Rob W

            He’s just a regurgitator of facts tracts.

          • Bill G Wilminton NC

            or fad biction

          • GSOB

            “For after seven more days, I will send rain on the earth forty days and forty nights; and I will blot out from the face of the land every living thing that I have made.”

            Noah did according to all that the LORD had commanded him.

          • Gay Veteran

            hey polly, find that ark yet?

            keep your crackers dry!

          • The proof is in the pudding

            Bill, you said “The Bible is not a comic book…..ALL IS REAL AND COMING SOON.”

            I remember my parents telling me that in 1967. I guess I should have asked for their definition of SOON. To late now.

          • Bill G Wilminton NC

            Lol I understand what you mean…so many date setters and/or SOON setters lol.

            We know….that NO ONE knows the day or hour when Yeshua ( Jesus ) is returning for HIS bride this is called “The Rapture”

            But we can know the season……..
            All we have to do is look at the condition of the world….mid-east wars, rumors of war, earthquakes, floods, droughts, pestilence, violence, chaos, etc etc. I just read that heroin is absolutely ravaging the youth of America worse than ever, and not just the cities but even rural New Hampshire. Black youth playing a game called “SNOWMAN” where the idea is to knockout an innocent white person with a sucker punch…..some people have died or been injured seriously. This is the hardening of the hearts and the loss of natural affection….all signs. Lastly I can just feel in the air……something big coming.
            God Bless

            Shalom

          • Enrique R. DéZuardí

            The Bible is jewish mythology just like the Greeks mythology, people wrote it for entertainment…

          • Bill G Wilminton NC

            The Bible Old Testament called The Tanakh ( real Jewish name) is the true story of events of the Jewish people….the origin from Abraham in the land of UR, the foundation of the 12 tribes under Jacob whose name was changed to Israel, the Exodus from Egypt, the 40 years in the desert. the entry into the Promised Land……not mythology.

          • Enrique R. DéZuardí

            Dont mean to offend anyone its just what i was taught in mu upbringing; “all empires from the Sumerian to the Romans share the same mythology Gods Demons Heroes etc…” the folktales vary a little but share the same rootd..

          • Bill G Wilminton NC

            All cultures share a similar GREAT FLOOD story with some small variancy.

            The Pre-Flood culture had become very evil and wicked and was very advanced. Noah and his 3 boys along with their wives and future children carried these memories into the the post flood world. These first cultures( Sumerian) post flood carried some half truths and these became mythological. But some of these myths were based on real happenings but just the truth distorted. Like the Gods of mythology as in a centaur which was half man half horse could these have been real before the flood as the fallen angels had broken Gods law and left their own estate and found the woman fair. Were these mythological creatures real…..in the Bible it talks of a term called the Nephillim read and research this topic,,,,,,

      • Steeve Girard

        !!!!! Danger !!!!! Danger !!!! Danger !!!
        Beyond this point you are entering the a world worst than the twilight zone. You are entering the Christian zone. Abandon all sense of reality, ye who enters.

  • Vic Gambardella

    We are here one day gone the next…every day we should thank God for the expierinces we encounter on this earth as one day christians from around the world will be in heaven discussing and probably laughing at what we had to endure for just a short time.. and im sure God has a plan for every individual through these times… just think , Christ Himself left His home in heaven knowing what He had to endure. And we all reckon we got it tough…
    Well atleast here in australia we got the cheap petrol now… Yay….

  • Terry Wrist

    Gold/oil ratio is at all time record levels.Either gold goes down or oil comes up, very soon.What do you say?

    • Randy

      In terms of what, our fiat paper currency called the USD? That is going to evaporate in a few weeks time, so what will you use as your benchmark then?

  • gary hillerich

    gold and silver bars are one[and why the MSM is always showing us giant kilo dury bars..as if you could carry one around in your pocket..see gold and silver would make TERRIBLE ,UNUSABLE,IMPRACTICAL money!]
    but when you order your first coin,be it gold and/or silver, and an engraver has put hours and hours and hours of time into it, to create a portrait of a great statesmen or president,or an incredible scenic view[,or a portrait of Ron Paul, that G.W. Bush went absolutely ballistic over btw,and 100% why von nuthouse was arrested],you order your coin,go thru the 3-4 day anticipation b4 receiving it,you receive it,rip open the box ASAP,and you put “MONEY” in your hand for the very first time in your life,you then and there,know for 100% certainty, you are now holding REAL HONEST money..GOD’S MONEY..it can’t be denied,and i challenge anyone who doesn’t have any silver and/or gold coins[if you can afford one and i feel bad for you if you still don’t have any at this late stage] to do just that and then i dare you to tell me: “physical gold and/or silver isn’t real money..in fact..i double dare you!
    and then you will also then know that paper debt notes are worthless paper and they are debt and they worth something only because MeMa Yellon and her committee tells the sheeple they are..when you hold a gold or silver coin in your sweaty little hand,no one any where at any time, has to say anything..you KNOW you are holding real money that is:,durable,portable,divisible,uniform[each coin is identical to another of same denomination]fungible,and most importantly acceptable!

    • Randy

      It looks like you’ve been reading some of my stuff there, Gary!! My papers What is Money? and The Scam of the Financial System cover all of those points, and then some!

  • billtheguy

    Ya know, when Yellen took over, I said to myself she will be the scapegoat for the fed. Bernanke knew there were no more moves left in the game. Yellen will go down in history with Obummer as the two that created the “Greatest Depression.” We do have Obamavilles in LA? Correct?

  • J B

    I would hardly call $50 a skyrocket in Gold. Ooo up 5%, If the Price wasn’t fixed for the benefit of Bankers, By Bankers then this would literally be a drop in bucket. But it is rigged, it goes up 5% it goes down 5%. The only ones able to influence this price on volume is Governments and Banks. It could go up 20%, big whoop.

    • Randy

      Dream on JB, dream on. When you don’t have even two electrons to rub together when the power grids go down and you’re sitting there in the dark, jumping at every sound you hear, you WILL wish that you had some PM coins in your pockets.

      • J B

        Already have about 350 oz of Silver and a Kilo of Gold.
        The problem if they install Cashless Money, all this becomes worthless.
        For the simple reason, for Cashless to work, all other forms of Money like Gold, Silver, Oil must be outlawed. You can buy it, you can’t use it to buy something, it has to be exchanged into Bank Credits.

        So…To buy or Sell anything, it HAS to involve a Bank, where it’s exchanged into Bank Credits, how much for that silver coin, I’ll give you a couple of Bank Credits for it. It will be total control.

        And think it will be an If, it’s a when, it will happen one day.

  • Mondobeyondo

    Buy gold, and silver as well.
    It might be too late now to get it at the rock bottom (okay, cheap) prices they were a few months ago. But as the dollar slides, and stocks slide, precious metals are going to go up and up.
    Right now, you can buy a barrel of oil for a cheaper price than a big bucket Kentucky Fried Chicken meal. That’s scary.

    • Steeve Girard

      It is too late for gold. I have a better suggestion, buy stuff that will make yourself mobile, educate yourself with skills that are gonna be needed after industrial collapse. Cuz when oil goes… the transition to Coal will not be an easy one. Unless they decide to shift all their investment in Coal to Oil conversion technology , which will buy them 40 more years. (14 years and counting, before oil usefulness depletes below coal)

      • Rob W

        Why is it too late to buy gold? You think it’s near the top?

        • Steeve Girard

          Nope, it’s near seizure.

          • Rob W

            So the price of gold will soon become static?

          • Steeve Girard

            By order of the government, and the FED, yes. But also the possession of gold will be outlawed.

          • Rob W

            possibly, but what of coinage? It wasn’t outlawed last time…

          • Steeve Girard

            Anything made with Gold… including jewellery and coinage. Trading of numismatic stuff is already very state controlled… they might make it illegal all together with gold.

          • Rob W

            State controlled? Right now, those are cash transactions.

          • Steeve Girard

            You have to pay the taxes, and you have to log the transaction, by book keeping or making bills. Or it’s considered illegal trading, and you can be arrested , trial and sentence for it.

          • Rob W

            You self report taxes, upon the cash sale of said coin. I’m fine with my coins. Got any for sale?

          • Steeve Girard

            It only takes a third party complaint to start an investigation. Believe me you do not want to be involved in that.

          • Rob W

            The IRS is one scary tool, that’s for sure. It doesn’t take any involvement in PMs to bring their gaze upon you. I don’t plan on using my coinage til late in the long emergency. I doubt the state is going to remain all that for long.

          • Jacynthia Read

            Buy it from a local dealer who does not keep records. I talked with our broker at Blanchard. They have records of everything we have ever purchased going back to the 80s. I asked him if the government asked for their records would they turn them over. He said yes. They would have no choice.

          • Rob W

            My transactions are with a local coin dealer. He doesn’t even know my full name.

          • Steeve Girard

            The third eye of the law can see who you are and where you go… they have the tools to find out. Cameras, Forensics, Satellites… etc.

          • Rob W

            Well, thank Dog for peak oil, all the empires are going to bust. Soon.

          • HeyAHuman

            So? That just guarantees that the value will skyrocket that much more! BURY YOUR GOLD.

  • Tiny tim

    Ssssshhhhhhiiiiiiiiittttttttt!!!!!!!!!!!!!

  • Jim Clark

    The great buying opportunity is here. Stocks of great companies on sale. Christmas in February!

    • Jacynthia Read

      Then buy, buy, buy…!

    • Bill G Wilminton NC

      OK Jazz go back under your ROCK or is it SP2 or James or Dow2500….

  • Richard O. Mann

    All these crazy white people who have lots and lots of guns, are going to have a Popeye moment one day soon, and they are to come out firing. Won’t matter who they are shooting at, but it will may start with the Black Lives Matter types, and go on from there. Yes, ciaos and destruction are coming to America. Oh, a Popeye moment. “That’s all I can stand, I can’t stands no more.” Keep yur power dry.

    • Bill G Wilminton NC

      ha ha lol that was great !…..I cant stands no more….I believe that millions and millions have reached that point…..

      But All Is Tempered by The Love Of Yeshua…..

      • fwalker000

        Pile on that racial hate comment

        • Bill G Wilminton NC

          Go talk with Obama……fungi

          • Lennie Pike

            There’s a fungus amongus.

          • Bill G Wilminton NC

            YUP SP2300ROFL is back as fwalker000 but the loser stripes are unmistakeable lol ha ha the fungus amongst us lol that is good.

    • fwalker000

      Racial hate comments now this sites really hitting fresh lows

      • Richard O. Mann

        No hate here. Just facts. Nothing but the facts. The economy doing a crash and burn. Suicides up for middle age white males. Junk like the Super Bowl half time show. The in your face Black Lives Matter and Black Panthers. Yes, while America is getting a bet tired of it all. And when any group of people get to that point, really bad things start happening. Just speaking from experience. Obama may get his ethnic war before he gets out of office at the rate things are going. That is what he is pushing for. But, back to the markets and economy. Eeeeuuuuu!!

        • ONE WHO KNOWS

          So, it was okay for the KKK to terrorize innocent blacks in the south for decades, right? If you don’t like blacks then own your feelings. But stop the lame-azz excuses. This is America. Black folks gotta right to express themselves. Dag, what’s that piece of legislature that gives us the right to express ourselves? The First Amendment.

      • Bill G Wilminton NC

        the LOW is the fact that you are on it…..how is your fungibility lol ha ha ha !

  • David

    “What we desperately need is for the price of oil to go back up.”
    you mean Oil Investors & People working in the Oil industry who have gotten used to living high off the Hog with Gas at $4.00 a Gallon Desperately need the price of Oil to go back up. I am just fine with Gas closing in on $1.00 a Gallon as it is much easier on my pocketbook.

    • Rob W

      Yep, 2/3 of the domestic energy industry players have filed for bankruptcy protection. Liquid work is gonna get scarce and expensive.

  • Red C. Pedestrian

    Buying stocks?! Eventually all that will count is food and water. If you have that already (7 years worth if you are post trib and 3.5 years if you are mid trib) gold and silver are still a pretty good deal. I bought last year at $47CDN/gram. It’s at $55CDN now.
    Hope to see you all at the post-apocalyptic mixer! If you’re not a Christian you obviously need to repent and believe on the Lord Jesus Christ.
    Sad thing is, if you think you are a Christian and are living for Satan, you probably never really got saved. (Can you say “ABC, pray with me”? A sinners prayer with no repentance is a scam!)

  • Dio Jones

    And people are still blind as to what is going on…

    Always be a light that is shininginthedark

    • fwalker000

      Put down the mirror.

    • Bill G Wilminton NC

      I believe that most will be blind to the END……just like fwalker000…..well it would take practice to be that blind lol.

  • dlewenz

    Jamie Diamond CEO of JPMorgan Chase & Co announced that he had purchased 28 million of JP Morgan Stock yesterday afternoon, announcing it was an exceptional value! Considering his net worth is over a 1 billion, 28 million is a drop in the bucket, but it sure played well on Wall Street, that no problems are afoot in the American banking system. All is well America!

    • Philosopher

      JP Morgan also has millions of rounds of silver they bought last year. Been stored in a warehouse just waiting.

  • DB200

    There is an elephant in the room. The oil producing countries are having severe budget deficits. If the banks don’t lend, which is not unlikely, they will be forced to sell from their sovereign wealth funds thereby depressing the stockmarkets even more. This sell-off will increase when the oil price stays low. Best thing for OPEC to do is cut production with 5% to clear the stocks of oil and get the price back at 100 $ plus.

  • Bill G Wilminton NC

    Haha how can THEY bs bs bs when will people in greater numbers turn tv off.

  • GSOB

    Get off the lifting weights and try to improve your spelling.

  • J.L.W

    Funny quote from a cartoon bears youtube video:

    I don’t think they realise when the …. hits the fan, they (the politicians) will be in the soup queues with the rest of us.

    It’s coming. It’s ucking coming!

  • J.L.W

    Read an interesting article by zerohedge that some bonds have been overvalued preventing hedge funds from liquidating. They’re waiting for the market to rise so they can sell these bonds at a higher level!

    • Philosopher

      So zero interest rates will mean that the banks can loot people’s accounts. The day that happens is the day anyone with sense stops keeping their money in a US bank.

      • J.L.W

        They hope to stop physical cash so that doesn’t happen.

        Won’t succeed though. They’re just showing that their trees don’t go all the way to the top!

      • J.L.W

        I do wonder if there will be some sort of ‘bail in’. Not a well thought out thing but just a grab for cash!

  • MaxRockatansky33

    On Friday Dow soared 300 points or 2% S&P Nasdaq similar, and European markets were even better while Tokyo slumped almost 5%. It is just a weekend merry? We shall se next week.

  • Jomine Jose

    Even now the government can do something to postpone, yes I said postpone, collapse is inevitable and he is understating the effects. No humans from civilisations will come out of it alive, the world has too much population to ensure that.
    What the legislature should do is to make sure that the exorbitant CEO salaries are curtailed and that it goes to the middle class. All the salaries of the low and middle income should be raised, only they can increase the velocity of money and uplift the market.

    • Philosopher

      No they cannot. The Feds are out of bullets and have been for quite some time. Many of us knew this day was coming. Get ready.

      • Jomine Jose

        The feds are, the government is not.
        Last time they gave all the money to super rich that propped up the markets, a spurious rise of stocks, while the real problem was commodity excess and less people to absorb it. So if the CEO remuneration can be channeled to the lower income, people who buy things, they can still buy some time. After all it is better to die tomorrow than today.
        There is nothing to be ready about other than hiding from killers who will be out there trying to take every food you have or even eat you and to die of slow starvation.

    • Scott Comin

      Yes absolutely.

  • GSOB

    “Then a spirit came forward and stood before the LORD and said, ‘I will entice him.’ And the LORD said to him, ‘How?’
    “He said, ‘I will go and be a deceiving spirit in the mouth of all his prophets.’
    Then He said, ‘You are to entice him and prevail also. Go and do so.’
    “Now therefore, behold, the LORD has put a deceiving spirit in the mouth of these your prophets, for the LORD has proclaimed disaster against you.”…
    (Chronicles)

  • arf

    A market crash..a smile….WW3..a chuckle…..The looks on the sheeples faces when The S%&t Hits The Fan………..PRICELESS!!
    Its all an illusion…the masses must wake up, but when dealing with the “Masses”…Most the time the “M” is silent…..This isnt mans first rodeo…just bigger, better more efficient weapons…

  • Philosopher

    Along with gold. I agree.

  • Richard

    “What we desperately need is for the price of oil to go back up. Unfortunately, the International Energy Agency says that isn’t likely to happen any time soon…”

    Why do we “desperately need” this? Speak to the myriads of people who have a hard time finding the money to pay their heating bills. Why do we “desperately need” people to pay higher prices for their gas?

    Whose Koolaid have you been drinking?

    Michael, I can’t believe you’re just an undercover shill for the vested money interests. But that is what it looks like.

    I think you owe us an explanation…

    • fwalker000

      He’s as clueless as they get – clearly proven by his hundreds of ludicrously incorrect forecasts. Enjoy the comedy as the failures of life find validation of their misfortunes via the deranged articles.

      • Bill G Wilminton NC

        blah blah blah SP2 more bs……….

    • HeyAHuman

      Lol, really?

    • Scott Comin

      It seems the oil deal is a ruse and I could be wrong.

    • fwalker000

      He cant explain. He’s manic as he grasps for anything to validate his hundreds if not thousands of ludicrous stories of the collapse. The “explanation” may be found in the future but for now enjoy the comedy of the ludicrous disorders he suffers.

      • Bill G Wilminton NC

        As the market is slowly dropping like a slow motion financial avalanche…….the collapse validates itself……..

  • Fleming_007

    If they even entertained the idea of another bailout for the banks at tax payer expenses there would be blood to pay. Another Salem type witch hunt would ensue but for bankers instead.

    • Scott Comin

      No. They would just put on ESPN.

  • J.L.W

    Trolls are quieter than usual.

    I just dealt with I think the only one on the page, I only said a post pointing him to read the Telegraph article and then when I came back he’d deleted all his posts.

    Can’t take being wrong these people!

    • Bill G Wilminton NC

      which troll is that…….

      • J.L.W

        Name was Raimondas Lapinskas Ukbff but has deleted posts now.

        • Bill G Wilminton NC

          thanks and why did he delete ?

          • J.L.W

            Don’t know. I did talk to him sanely which trolls never like, but it could have been someone elses answer.

            I simply stated if he disagreed with the source so completely, perhaps other mainstream sources would be more to his liking, and that a lot of them were saying exactly what Michael is saying.

          • Bill G Wilminton NC

            Well said…….thanks for supporting Michael as he has a thankless position….but some/many of us appreciate it.

  • mtntrek3

    The clock in the article should read about five minutes ’til midnight.

    • HeyAHuman

      The Doomsday Clock is actually 3 minutes to midnight lol.

      • mtntrek3

        Yep, actually it is. Nuclear armament wise, economically and otherwise.

  • Hyakkidouran

    When I talk about all this, many people answer that I am worrying about things that do not affect our lives. But they really do.

    It’s just impossible to enter the competition in this rigged market. The IT company I was in had to cancel the project and fire me after months of “trying to be free like Google”, which, guess what, does not work if you don’t have wall street money.
    This rigged market also gives people unrealistic expectations in terms of price of goods and services. Unless you are a monolithic multinational, the “freemium” model does not work for the small guys!

    When it all crumbles, it will hurt like hell, but at least we can hope it will reset the situation to a state where competition is actually possible.

    • SunnyFlaSnotress

      An interesting viewpoint taken from a more individualistic vantage point than many.. yet relating to the many.
      How much various facets of the economy affect our lives is debatable.

      • Hyakkidouran

        I chose to talk about something I knew from experience. I am not a blogger/journalist like Michael and I don’t have time and ressources to find more data.

        I do know that some of my friends in computer engineering have similar issues : when they are not fired already, they are intelligent enough to see that the company is on the brink of not making money and collapsing.

        It doesn’t matter how “many” facets of the economy affect your lives. One can be enough if it hits you in the face. People in Greece and Cyprus know this better than anyone right now.

      • lincolnlincolnlincoln

        why do you dream of swallowing the obama ejaculate?

  • alan

    You can not go negative rates or cashless without a serious smoke screen to give you cover to pull it off.

  • Cyber Revengeance

    most people are confused why stock market is collapsing. Some people think its temporary and soon everything will be alright.

  • fwalker000

    Looks like someone has no clue regarding rule 144 nor fungibility as it applies to control person or affiliate persons restrictions. Keep guessing and posting ridiculous fiction.

    • Bill G Wilminton NC

      SP2…..more bs lol

  • Mondobeyondo

    *off topic*
    Step outside the boxes. Think outside the boxes.
    Don’t be made out of ticky-tacky, or you’ll be just the same.
    Another sheeple, just like everyone else.

    https://www.youtube.com/watch?v=VUoXtddNPAM

  • MagicalQCreations

    People who choose to live in the Cloistered Box of the Federal Government will one day call it their Prison Cell.

  • CharlesH

    Friday – the DOW was +314 and gold was -9. You’ve got to love this mania in the markets – truly indicative of an impending crash.

    • fwalker000

      Keep guessing rookie ROFL

      • CharlesH

        You’re sad. Only a paid troll or true loser would disparage someone’s opinion.

        • Bill G Wilminton NC

          CharlesH…. fwalker000 is really SP2 do you remember that pathetic coconut head and he is a LOSER ha ha lol…..good call !

      • Bill G Wilminton NC

        SP2300ROFL still desperate to have someone listen to you lol…….try dial a prayer !

  • carson

    the end of money and parts of the system as it’s been known is also prophesied in the bible, if you’d consider the mark of the beast and worldwide worship etc ..is that like today’s system and today’s money? Not exactly.
    Whole lot of shaking going on as parts and portions of things end.

    1st john 2:17, the world passes away and the lusts thereof but he who does the will of God abides forever and this is the work of God, even that you believe upon Him (Christ Jesus) whom He has sent, john 6:29.

  • A Dodgy Bloke

    Michael you are not preaching gloom and doom. We live in a country and a world where few people want to deal with reality. Keep up the good work you are giving good information and saving lives. Thanks

  • Enrique R. DéZuardí

    Why comments that are not in favor of the author get Deleted?

  • al

    Of course Martin Armstrong is saying that the stock markets are getting ready to sling shot up to new high along WITH gold as money turns away from government and heads toward the private sector. I am starting to think that he is right.

    • GoldenGirl

      Agreed. He has a very strong track record.

  • K

    You know a few things, and think yourself wise. A wise man knows, what is beyond his comprehension. You are basically demanding an explanation from God. Who are you, that he should give you one. And what arrogance, that you think you could even understand the answer.

    • Randy

      Then TRY me! See if I can comprehend this great mystery here! Please tell it to me, what is it that explains the lack of logic there then? WHY did this god put a set of reproductive organs on the first and at the time only human being on this, or any other world? Was Adam supposed to have sex with some of the animals who came before him or what? With no women around, having reproductive equipment is totally pointless. In order to have a reason for reproductive organs, you first have a plan for reproduction of the species, which according to the Bible, was NOT originally in this god’s long range plans.
      This lack of the ability to think logically is the hall mark of ALL religious fanatics. And I can bet on this because I have seen it so many times before, you will continue to dodge answering any serious questions that lay bare the lies that you choose to believe in.
      ANY real god would be more than willing to explain things like this to show that there were no conflicts in anything at all. You think of god in terms of humans because your viewpoint is just too narrow to allow for anything else.

      • Bill G Wilminton NC

        It is possible that Adam and Eve were to remain in the Garden Of Eden and there was at that time no need for the reproductive organs…….but God has a plan for all things.
        You have to understand that at this time Adam and Eve were covered in Gods grace, and were connected to Gods knowledge…….they had Gods knowledge of things and that knowledge Adam and Eve would carry into the world out side of the Garden of Eden.

        • Randy

          You make no sense at all, Bill. How could there be a man and a woman, without them each having different sexual organs to distinguish between the two? Why didn’t this god of yours create two humans exactly the same in the exact same way, if the only reason for the second one was to provide some companionship for the first one? A companion is a friend, not always a lover, per se. It says in Genesis that this god looked down upon the man that He had created, and saw that he was lonely, and that it was not good for the man to be alone, so He created a companion for him. Am I right or wrong there? So if this god of yours is so smart, why didn’t He see that beforehand?? Did this god of yours put the sex organs on Adam at the same time that He removed that rib? If that’s the case, why doesn’t the Bible say so? This reminds me of a joke I heard many years ago. What is the operation called where a woman is turned into a man? It’s an “add-a-dick-to-me!”
          In short, the Bible is full of holes both factually and logically. So it can’t be any kind of divinely inspired work, because any REAL god worthy of even one Hail Mary, wouldn’t allow any mistakes like that.
          One other question here, which you obviously will not answer like you failed to answer my other questions, is why do males of every mammalian species have nipples on their chest?? Oopsie there!! This god of yours needs to have a factory recall and fix all of those defects in design.

          • Bill G Wilminton NC

            TO START WITH:….woman have 2 x chromosomes and men have an x and y chromsome. That is the difference sexually.

            Nipples on both…. the same reason that the cartilage and bone is the same… duplication.

            I have a Biblical research background but before I answer more I want to review. The reason for this is I havent encountered a person in quite awhile that just throws statements at a wall and is obviously lacking scientific facts. Be patient it is now very late and I have a very busy day or two….dont doubt God He is real……

          • Randy

            You’re so far off base here Bill, you’re not even in the ball park! The sex organs as well as other physical attributes are coded for in the DNA. What is the jump in reasoning that you are making in order to get from X and Y chromosomes to penises/testes and vaginas/ovaries? You need to go and study biology some more. But NOT from any bogus books that you’re likely to find in a parochial school. Read some from a REAL school, not a brainwashing station.
            What’s the point of male mammalian bodies having nipples on the chest, when there are no milk ducts or milk generating tissues?
            Ever hear of those three fused vertebrae at the bottom of the pelvis bone? It’s called a coccyx. Why is it there?
            But besides the biological facts as evidence, the LOGIC just doesn’t hold any water at all, it’s so full of holes!
            I’m the one who just throws statements at a wall? Why don’t you give me any direct answers to my questions then? Are you unable to? This is the exact same pattern I get from EVERY religious fanatic, it never fails.

          • Bill G Wilminton NC

            You are still just throwing statements at the wall……I told you what is common knowledge of the chromosomes but that was not enuff for you cause you are a Rock Head…you Mr Biology Wizard should know that what ever your sex everyone starts off their time in the womb as a woman in the womb….

            For the first several weeks the embryo follows a FEMALE blueprint from reproductive organs to NIPPLES NIPPLES NIPPLES brown nipples, black nipples, big nipples, little nipples, round nipples, and even inverted nipples, start then. Only after about 60 days does the hormone testosterone ( thats not an Italian Pasta) kick in for those with a Y chromosome ( remember those ) that changes the genetic activity of cells in the sexual organs and the brain ( if you have one randolf). But by then those little bitty nippers are not going away even if you grow up to be Popeye and like Popeye I cant take anymore I CANT STANDS IT NO MORE….

            I am not a religious person at all but a Biblical Reseacher and I am going to eat my spinach so I can get the energy to post this……do some research you need it.

          • Randy

            But the genes and chromosomes are what determine whether the body will be a male or a female as well as other physical characteristics.
            Your description of how the body develops in the womb sure doesn’t make very much of a case for “intelligent design” now, does it? What is the reason that this god chose bodies to develop in this manner?
            You still have not given any kind of an answer at all for why human skeletons have that thing called the coccyx.
            Since Adam and Eve supposedly had only two sons (one of whom was slain for some reason, which this god didn’t know about and so had to ask what had happened to him), where did all of the other people on Earth come from? Did Cain have sex with Eve, and produce some daughters with her? Did women and other men just suddenly spring up out of nowhere? How did all the different races on Earth come from just one man?

          • Bill G Wilminton NC

            RANDY……I answered your question of NIPPLES but instead of recognizing the brilliance of this NIPPLE DESIGN and how the embryo begins to develop nipples before the sexuality of either male or female has been activated. You then question the INTELLIGENT DESIGN…… It is fine to question if you are on a quest for the truth….but then you do your own research.

            So now you move on to coccyx which is not a tailbone but the coccyx vertebrae and it is the anchor for twelve muscles that help us go to the bathroom. And is an extremely important source of attachment for tendons ligaments and muscles even though it is structured much different than other parts of the spine. Again INTELLIGENT DESIGN… it is not the leftover bit of a tail lol.

            Adam and Eve had three sons. Cain and Abel of whom I believe you know the story and then after Abel was killed they had Seth. God knew what had happened to Abel but by asking Cain he gave him the opportunity to confess and ask for forgiveness. God knows all………he even knows everything about you, your every thought word and deed even the number of hairs on your head.

            Adam and Eve had many many more children….Adam lived til 930 years old Seth lived till 912….in those days the DNA had no mutations and they married within the family, cousins etc….if Adam lived till 930 he may have had hundreds of children

            We carry in us the genes for different colors skin, eyes, etc.

            Just like wolves are the origin of all dogs, YUP those wolves were on the ark…..

            Be your own researcher get a Bible start to read it……we dont have much time and YOU HAVE BEEN PRAYED FOR.

            Shalom

          • Randy

            There’s no brilliance at all in having body tissues or parts that serve no purpose at all, from where do you get that idea?  How is that a smart design?  Why waste energy in developing something that will be of no use at all once the male body is born? You SAY that the coccyx is an attachment point for ligaments and muscles, and maybe that is true, so then we need to know if other mammals have a similar pelvic construction, but with more bone segments below the pelvis, making a tail. Yeah, Adam MAY have fathered more children, but why then aren’t they listed in the Bible if he did?  Some guy I used to work with was on one hand trying to tell me how 6,000 years was plenty of time for the progeny of Adam and Eve to diversify into the many races we see on Earth, but then say on the other hand that any evolution is impossible!  So which is it, do we have a gradual change in species over time for various reasons, or do we not see any changes?  Genetic mutations are what cause species to evolve, or didn’t you know that?  You can’t have it both ways, you know!  How does anyone know with any amount of certainty at all what the life span of anyone was, before calendars were even invented??  Oh man, that one really takes the cake!  Our current convention of a date in time is just an amalgamation of some arbitrary numbers!  Did this god of yours tell Adam what the date and year was when he was created?  Is there some magical reference point that can be proven?  Different cultures have different years, some have no initial “start date” that they can point to and say “We have been here for this many days and nights”.  The idea is preposterous and absurd in the extreme!  ROTFLMFAO!! On Nova, they had a program called Dogs and More Dogs, tracing the evolution of wolves into dogs.  In Russia in the 1940s, they were trying to breed out the aggressiveness of foxes for the fur trade industry.  After about 40 or so generations, each time using the tamest fox kits in each litter, there was a sudden change!  The fox kits developed spotted coats, floppy ears and were very friendly towards people!  What is that, but evolution through selective controlled breeding??  People catching wolves who were not very afraid of humans, and then breeding them, is how dogs came about. There are so many logistical impossibilities in the story of Noah and his boat, no thinking man or woman would ever fall for such tripe.  And the gene pool of just two of each species wouldn’t be large enough to sustain it for very long.  Do you know why there are laws against inbreeding??  That hokey story was made up before anybody had any idea at all about genetics and how it worked.  Gregor Mendel was a key figure in deducing how traits were passed on, and Rosalind Franklin was the one who actually discovered the double helix of DNA, but Cricks and Watson ripped off her lab note books’ data, and then claimed the work as their own!  Bastards!!  They should be vilified rather than praised.

            From: Disqus
            To: Drocketman2000@yahoo.com
            Sent: Tuesday, February 16, 2016 4:09 PM
            Subject: Re: Comment on Global Stocks Continue To Crash As Oil Plummets And Gold Skyrockets
            #yiv2553962478 #yiv2553962478 a:hover, #yiv2553962478 a:hover span {color:#1188d2!important;}#yiv2553962478 .yiv2553962478button-cta:hover {color:#ffffff!important;background-color:#1188d2!important;}#yiv2553962478 .yiv2553962478button-cta:hover span {color:#ffffff!important;}#yiv2553962478 #yiv2553962478 #yiv2553962478 #yiv2553962478outlook a {padding:0;}#yiv2553962478 body {width:100% !important;}#yiv2553962478 .yiv2553962478ReadMsgBody {width:100%;}#yiv2553962478 .yiv2553962478ExternalClass {width:100%;display:block;}#yiv2553962478 @media screen and ( _filtered_a ){#yiv2553962478 html {}#yiv2553962478 .yiv2553962478content {width:100%;}#yiv2553962478 table {border-collapse:collapse;}#yiv2553962478 h2.yiv2553962478headline {font-weight:700;font-size:20px!important;margin-bottom:5px;}#yiv2553962478 .yiv2553962478button-cta {display:block!important;padding:0!important;}#yiv2553962478 div.yiv2553962478header {padding-top:20px;}#yiv2553962478 div.yiv2553962478footer {padding-bottom:20px;}}#yiv2553962478 #yiv2553962478 p.yiv2553962478mod-tools a:hover {color:white!important;background:#8c989f!important;}#yiv2553962478 @media screen and ( _filtered_a ){#yiv2553962478 td.yiv2553962478avatar, #yiv2553962478 td.yiv2553962478spacer {width:38px!important;}#yiv2553962478 td.yiv2553962478avatar img, #yiv2553962478 td.yiv2553962478spacer img {width:28px!important;}}”You are a foaming at the mouth frustrated evolutionist….. and an unstudied one at that…I answered your question of NIPPLES but instead of recognizing the brilliance of this NIPPLE DESIGN and how the embryo begins to develop nipples before the sexuality of either male or female has been activated. You then question the INTELLIGENT DESIGN…… It is fine to question if you are on a quest for the truth….but then you do your own research. So now you move on to coccyx which is not a tailbone but the coccyx vertebrae and it is the anchor for twelve muscles that help us go to the bathroom. And is an extremely important source of attachment for tendons ligaments and muscles even though it is structured much different than other parts of the spine. Again INTELLIGENT DESIGN… it is not the leftover bit of a tail lol.Adam and Eve had three sons. Cain and Abel of whom I believe you know the story and then after Abel was killed they had Seth. God knew what had happened to Abel but by asking Cain he gave him the opportunity to confess and ask for forgiveness. God knows all………he even knows everything about you, your every thought word and deed even the number of hairs on your head. Adam and Eve had many many more children….Adam lived til 930 years old Seth lived till 912….in those days the DNA had no mutations and they married within the family, cousins etc….if Adam lived till 930 he may have had hundreds of childrenWe carry in us the genes for different colors skin, eyes, etc. Just like wolves are the origin of all dogs, YUP those wolves were on the ark…..Be your own researcher get a Bible start to read it……we dont have much time and YOU HAVE BEEN PRAYED FOR.Shalom” | |
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            Bill G Wilminton NC
            You are a foaming at the mouth frustrated evolutionist….. and an unstudied one at that…I answered your question of NIPPLES but instead of recognizing the brilliance of this NIPPLE DESIGN and how the embryo begins to develop nipples before the sexuality of either male or female has been activated. You then question the INTELLIGENT DESIGN…… It is fine to question if you are on a quest for the truth….but then you do your own research.So now you move on to coccyx which is not a tailbone but the coccyx vertebrae and it is the anchor for twelve muscles that help us go to the bathroom. And is an extremely important source of attachment for tendons ligaments and muscles even though it is structured much different than other parts of the spine. Again INTELLIGENT DESIGN… it is not the leftover bit of a tail lol.Adam and Eve had three sons. Cain and Abel of whom I believe you know the story and then after Abel was killed they had Seth. God knew what had happened to Abel but by asking Cain he gave him the opportunity to confess and ask for forgiveness. God knows all………he even knows everything about you, your every thought word and deed even the number of hairs on your head.Adam and Eve had many many more children….Adam lived til 930 years old Seth lived till 912….in those days the DNA had no mutations and they married within the family, cousins etc….if Adam lived till 930 he may have had hundreds of childrenWe carry in us the genes for different colors skin, eyes, etc.Just like wolves are the origin of all dogs, YUP those wolves were on the ark…..Be your own researcher get a Bible start to read it……we dont have much time and YOU HAVE BEEN PRAYED FOR.Shalom 7:09 p.m., Tuesday Feb. 16 | Other comments by Bill G Wilminton NC |   |
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          • Bill G Wilminton NC

            You have many questions and one runs into the other….make a synopsis of questions or call it a short list….I will give the answers a shot……….

          • Randy

            C’mon here now, dude. You’ve got no answers, just some beliefs, false data, suppositions and a lot of faith. I see no logic at all anywhere.
            Why does the Pope, the man who is supposed to be some god or others’ personal messenger to the people, have to ride around in a special car made with bullet proof glass? Why does he have very mean men surrounding him with fully automatic guns 24/7/365?? Why does he live in a veritable castle with walls 11 feet thick and on average 26 feet tall? What’s up with that? Isn’t he important enough to merit at least a modicum amount of protection so bad things don’t happen to him? Why does this god that you are so enamored of, allow His priests to profane His own house of worship by molesting young boys in it? Or is it OK because they do those dirty deeds off in some special building or place? If I was witnessing such sins going on, IN MY OWN HOUSE, I would strike those evil men down the moment they ever allowed such thoughts into their mind! This god is supposed to know what we think, isn’t He? This is what I mean by there being no logical thoughts in what you say.

          • Bill G Wilminton NC

            I am not religious and belong to no religion….I have no connection to the Pope….you are rambling all over the place….I do read and study The Bible.

          • Randy

            So then what other religious books have you studied? If you’re such a staunch defender of the Bible, but cite no other religious texts, then that must mean that that is your only source of your convictions.
            I didn’t say that you had any connection to the Pope, but both of you seem to adhere to what’s in the Bible, correct? I am asking why there are so many contradictions between what people say, and what they do.
            My bringing up 100% valid points of logic is NOT rambling, you’re just calling it that because you don’t have any other excuse for not being able to debate the facts.

          • Bill G Wilminton NC

            I have studied all the major religions of the world but over the last 3 years I have focused only on the Koran and the Muslim faith. In addition to my private studies of the Koran I belong to a group founded by Brigitte Gabriel named ACT for America We meet once a month and speakers come in from around the country and explain the Koran and the Hadith in all its many facets.

            I am a Biblical Researcher going back over 20 years…….and I believe in the Bible literally.

            The Pope is the head of the Roman Catholic Church and I was raised Catholic and attended Catholic parochial and private Catholic Prep school for boys, basically from 4th to 12th grades. In all those years we never read one word from the Bible nor studied one verse or word. There are many many wonderful priests and Catholic Church members but once you become versed in the Bible you become aware of certain variations between what the Bible says and what the Catholic Church says. What is you upraising Catholic ?

            So basically Randy I am very well versed and studied in The Bible, the Roman Catholic Religion ( I grew up in it) and The Muslim faith. Other faiths I studied are Hindu and Buddhist plus others. I researched these other faiths only…as I am what one would call a “born again” Christian.

            There are contradictions between what people say and what they do ….. because we are sinners !. We cannot hold to the Ten Commandments and God knew that…so He sent His Son Yeshua to pay the price for our sins and ALL WE HAVE TO DO IS ASK FOR FORGIVENESS OF OUR SINS and the sins are washed away….you wont find that with Budda, or Allah, or any other GOD none. Yahwah ( GOD) wants us all with HIM…..
            God Bless
            Shalom

  • billtheguy

    As a country we need to export more than food and software. (I know there is more) We cannot support 350 million people on service and hospitality jobs. I read that Carrier is moving its operations to Mexico. 1400 jobs gone and the tax base from Indiana.
    I’m a simple guy. I see it as follows: Take small town America 1000 people. Their sole industry is making tires. Company employs 700; the rest are in service, restaurants, barber shops, local hardware etc. The income of the town IS the company making the tires. Now one of the “big” tire makers buys out the company and closes it down (eliminate the competition) The town suffers and everyone moves away. Everyone CANNOT work in service and hospitality. It could be as simple as that.
    Banking is not an industry. The stock market should not allow electric companies and other needed utilities to offer stock. Then they have to please the share holders and not the customers. When updates to equipment are needed where do they go? To the customer.

  • SunnyFlaSnotress

    And what does that have to do with the tea in China?

  • Marty Mann

    Well here we go again with the pendulum swinging to the upside of the markets. Again I say this relentless up and down of the markets will go on for years. The Japanese markets are up nearly 4% and they haven’t been open but 1 hour.

  • Diabolus Candidus

    Startling to me how little this news is being reported in the MSM. CNN is still talking about 4.9% unemployment.

  • Bruce

    CSX railroad is having major cutbacks as well as Amtrak. PTI, inc which provides transportation services for several railroad companies has lost it’s contract with CSX. It appears that contract was 50% or more of it’s business. PTI has laid off managers, dispatchers and drivers. Thousands of employees are effected. Things are not good my friends, not good at all. All we need is another lying politician to stand behind a mic and declare that things are economically improving! Yhea right!

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