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Global Stocks Enter Bear Market: One-Fifth Of All Worldwide Stock Market Wealth Is Already Gone

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Stock Market Bear Bull - Public DomainIt’s official – global stocks have entered a bear market.  On Wednesday, we learned that the MSCI All-Country World Index has fallen a total of more than 20 percent from the peak of the market.  So that means that roughly one-fifth of all the stock market wealth in the entire world has already been wiped out.  How much more is it going to take before everyone will finally admit that we have a major financial crisis on our hands?  30 percent?  40 percent?  This new round of chaos began last night in Asia.  Japanese stocks were down more than 600 points and Hong Kong was down more than 700 points.  The nightmare continued to roll on when Europe opened, and European stocks ended up down about 3.2 percent when the markets over there finally closed.  In the U.S., it looked like it was going to be a truly historic day for a while there.  At one point the Dow had fallen 566 points, but a curious rebound resulted in a loss of only 249 points for the day.

As bad as things are in the U.S. right now, the truth is that we still have a long way to go to catch up with the rest of the planet.  Around the world, many major stock indexes are already down more than 30 or 40 percent.  Overall, the MSCI All-Country World Index is now down 20 percent, which officially puts us in bear market territory

The MSCI All-Country World Index, which measures major developed and emerging markets, fell into a bear market Wednesday, with its decline from early last year now totaling more than 20 percent.

A plunge in U.S. stocks, which caused the Dow Jones industrial average to decline by more than 400 points at one point, pushed the global index into bear territory at midmorning during New York trading.

Japan fell into a bear market as well as the Nikkei 225 index dropped 3.7 percent Wednesday, bringing its total pullback to 22 percent from its high in June.

Much of this chaos is being driven by the price of oil.  On Wednesday the price of U.S. oil dropped below 28 dollars a barrel for a while, and as I write this article Brent crude is still below 28 dollars a barrel.

As energy prices continue to plummet, this is putting a tremendous amount of pressure on junk bonds.  On Wednesday JNK actually dipped beneath 32.00 for a time before rebounding at the end of the day.  I expect to see junk bonds continue to crash during the days ahead as investors feverishly race for the exits.

And of course global economic fundamentals continue to deteriorate as well.  Global trade is absolutely imploding and shipping rates have fallen to unprecedented levels.  If you can believe it, Bloomberg is reporting that it is now actually cheaper to rent a 1,100 foot merchant vessel than it is to rent a Ferrari…

Rates for Capesize-class ships plummeted 92 percent since August to $1,563 a day amid slowing growth in China. That’s less than a third of the daily rate of 3,950 pounds ($5,597) to rent a Ferrari F40, the price of which has also fallen slightly in the past few years, according to Nick Hardwick, founder of supercarexperiences.com. The Baltic Exchange’s rates reflect the cost of hiring the vessel but not fuel costs. Ships burn about 35 metric tons a day, implying a cost of about $4,000 at present prices, data compiled by Bloomberg show.

I could hardly believe that when I first read it.

But this is the kind of thing that we would expect to see happen when the greatest financial bubble in world history bursts.

The 200 trillion dollar global debt pyramid is now collapsing all around us, and the former chief economist of the Bank for International Settlements is warning that we could soon be facing “an avalanche of bankruptcies”

The global financial system has become dangerously unstable and faces an avalanche of bankruptcies that will test social and political stability, a leading monetary theorist has warned.

The situation is worse than it was in 2007. Our macroeconomic ammunition to fight downturns is essentially all used up,” said William White, the Swiss-based chairman of the OECD’s review committee and former chief economist of the Bank for International Settlements (BIS).

Of course it is a little late in the game to be warning us about this now.

At this point there is very little that can be done to stop the collapse that is already happening.

White went on to tell the Telegraph that things are going to become “uncomfortable for a lot of people who think they own assets that are worth something”…

It will become obvious in the next recession that many of these debts will never be serviced or repaid, and this will be uncomfortable for a lot of people who think they own assets that are worth something,” he told The Telegraph on the eve of the World Economic Forum in Davos.

For years, I have been warning that the global financial system is an incredibly shaky house of cards, and now we have finally reached the endgame.

But the mainstream media in the United States is telling everyone not to panic.  Instead of a time to sell, the mainstream media is urging people to jump in and take advantage of all of the “great deals” in the stock market right now.  I really like what Mike Adams of Natural News had to say about what we are seeing…

The pathetically stupid and dishonest financial media is desperately running stories right now to maintain false faith in the markets, even while their own people are behind the scenes selling like mad. As long as they can keep the public believing in the “faith” of never-ending cheap money, they can bail out their own positions to suckers and fools who think a tiny dip in a massively overvalued, fraudulent market is a “buying opportunity.”

Watch for desperate headlines from propaganda financial outlets (such as MarketWatch.com) like, “10 reasons you shouldn’t sell” or “The upside potential of the market is HUGE!” These are psychological operations to try to persuade people that the collapse they’re seeing in global markets isn’t actually happening.

The financial chaos that has erupted in recent weeks has really caught a lot of people by surprise, but my readers knew that it was coming well in advance.

For months, I have been warning about this exact kind of scenario.

The deflationary financial meltdown that started during the last six months of 2015 is now making headlines all over the planet, and what we have experienced so far is just the tip of the iceberg.

The bears have gotten out of their cages, and global investors are running for cover.  Nobody is exactly sure what is going to happen tomorrow, but without a doubt the entire world will be watching.

  • Marty Mann

    Looks like a rally tomorrow from where I can see but who knows, the wind may be taken from the sails by then.

    • Jazz

      Yes futures are up :) add that to the rally from the bottom and we have a good recovery on the way. The markets were way oversold and we are heading to 2000+ on the S&P. Go go markets!

      • Guest

        The fact that futures are up means NOTHING.

        • SP2300ROFL

          Short some see what it means ROFL

          • rocknrolla

            i said come to zero hedge, or are yah. chicken

          • Mike Smithy

            No way SP2300ROFL can make it on Zero Hedge.

          • SP2300ROFL

            Roflmao quit begging. Zero hedge is a joke like this site.

          • Bill G Wilminton NC

            SP2300ROFL….joke is you and more BS

          • Rorschach

            It’s a joke because they actually present facts unlike you? The only joke is you. Now that is the joke.

  • Xatos

    Bad news being good news is running out of steam. While I do anticipate some small rallies, we are at a point where major news is happening on a daily basis, and we are one headline away from catastrophe. These computers running the trades are either going to be unplugged soon, or programmed not to rebound. Once that happens, the PPT is impotent to generate the data needed to cause these meaningless rallies. I think this goes overlooked sometimes, but then again I still have very much to learn.

  • Mary

    Someone once asked, “If everyone is losing money, where’s it going? Who is gaining money on those losing money?” Do the losses just disappear into thin air? Someone is making money… So Michael, who is gaining from the losses?

    • Rhialto the Marvellous

      The stock market losses are digits in computers.
      But someone somewhere originally paid good money for those stocks – and maybe had his retirement and nest egg in those digits. Maybe millions of people did.

      • SP2300ROFL

        There’s all the proof anyone that knows how markets function needs to see to know without any doubt you have no clue what you’re typing.

        • rocknrolla

          i said come to zero hedge, or are yah…. chicken

          • Lennie Pike

            You can’t shame him any more there than he’s already been shamed here, plus he goes by so many different names that it takes all of the fun out of it.

          • SP2300ROFL

            Loonie piker a waste of bandwidth

          • TrollingforTrolls

            HAHAHAHA PMSL, ROFL. Gotta hand it to you, your brilliance and genius absolutely amazes me. Actually it is the sheer lack of. Get over yourself. Your usual blah, blah, blah rhetoric has gotten way over bring old. It’s downright annoying now.

          • Bill G Wilminton NC

            SP2300ROFL….. YUP just consistent BS

          • SP2300ROFL

            Got a link? That site seems even more whacky than this one. Post a link here or CNBC I’ll go there. See who’s chicken :)

          • Creepy Pedro

            cnbc……yeah thats a real doozy….drace and old man thomas are reallyyyyyyy savvy.

          • SP2300ROFL

            Sorry they laughed you off there and you’re stuck here with the ecocollapsychos

          • W.F. CALL

            Poor Poor Pedro

          • SP2300ROFL

            I posted that on CNBC ROFL :)

          • Creepy Pedro

            Rich rich pedro.

          • W.F. CALL

            see you at the other place. (:>

          • Guest

            You talk too much

          • SP2300ROFL

            I haven’t said one word. Those must be auditory hallucinations you’re hearing.

          • W.F. CALL

            lol

          • Creepy Pedro

            how did they laugh me off when I went short and raked in tens of thousands? You really need to update your style.

          • SP2300ROFL

            Maybe the low info ecocollapsychos believe that but those that have seen your forecasts and understand markets have seen otherwise :)

          • Creepy Pedro

            Ok so my tvix plays were wrong? Ok lol…mr I live in florida which is paradise lol…..that was funny.

          • SP2300ROFL

            It sure is paradise :)

          • Creepy Pedro

            try hawaii next time 😉

          • SP2300ROFL

            Island fevers not for me. :)

        • NowAlive

          Why always so snide? Rhialto is making a point mixing actuality with hyperbole. It’s kind of obvious. I read a lot of comments on this site and there are those that hit out at you and then vice versa but my question is: if you are so understanding of markets, why not your own hedge fund or something? If you are such a market prophet, why troll this site with its obvious, shall I say, warning bias? I see why you are labelled “government troll”. You had a somewhat good post earlier in this article and then you fall back to unwarranted derision. At the least, it labels you a conceited troll. At the worst, some of these guys are correct and you are a paid troll. I actually follow this blog and a host of other financials, and I’ve made plenty of money. Even with a graduate degree in business, I wouldn’t be so condescending and pretentious to act like I know it all, ridiculing people for making simple statements. Toss the hate is all I’m saying.

    • SP2300ROFL

      Of course they do they re called short sellers and they’re profiting tremendously as the speculators in issues way out the risk curve are flushed out as excess liquidity is reigned in. Rookies don’t know that speculative issues outperform at late stages of bull runs. Meanwhile that process is much nearer to the low inflection point than the upper as evidenced by the broad based Russell indices counter trend rally today. Thats the issue the negative neophytes with zero true understanding have emotionally driven issues that prevent them from recognizing constructive price action preventing them from benefiting by it and as they say misery loves company pile in with them and miss generational opportunities. ROFL

      • Guest

        A fool and his money are quickly parted.

        • SP2300ROFL

          Sorry for your loss(es)

          • Guest

            I was referring to you. I haven’t lost anything as I don’t gamble in that rigged casino.

          • HeyAHuman

            It becomes quickly apparent why some of these people don’t exhibit human decency or possess the ability connect with others. All of those losses and the stress that comes with a gambling addiction 😉

          • Jazz

            Hahahaha good one :) made me laugh!

          • rocknrolla

            i said come to zero hedge, or are yah… chicken

          • Mike Smithy

            No chance rocknrolla.

      • rocknrolla

        i said come to zero hedge, or are yah.. chicken

        • Mike Smithy

          Are you kidding me? Even if SP2300ROFL could somehow slip through thre monerstors at ZeroHedge, Fight Club would eat him alive.

          • Creepy Pedro

            Kaiser Sousa 😉

          • SP2300ROFL

            You have no clue. I’ve discounted more of this game than you neophytes are capable of comprehending :)

          • Mystic Light

            You’ve discounted nothing, you arrogant fool! Your comments are inane, regurgitated, idiotic tripe that serve no purpose except to muddy the comment board on this website. You aren’t the brilliant economic oracle you believe yourself to be, not even close. You are nothing more than a lowly, annoying fly that buzzes around cowchit all day. Now run along and regale your UN masters with your imaginary tales of conquest on an anonymous website. It should be the highlight of your dismal day…

      • Creepy Pedro

        Dude are you this boring in real life as well? ROFL is like 15 years old already…at least update that.

        • sistersoldier

          LOL…… good one!

      • Ricardo

        The issue is none of this is productive. It helps no one else except (maybe….. if stocks go up) you. It produces nothing. Its just a gambler in a casino. And tell me what a gambler contributes to society.

        • SP2300ROFL

          Learn how capital markets function then you’ll realize how ridiculous your comment is.

          • Ricardo

            sorry but your answer is not an answer. It contributes nothing like I pointed out.

          • SP2300ROFL

            You mean it doesn’t educate you. The premise of your comment is ridiculously incorrect. Someday you’ll learn that if you apply yourself.

          • Ricardo

            You think you can educate me ….. I highly doubt it. Never place your trust in man.

          • SP2300ROFL

            Seems like classic projection from someone that surely can not be trusted. Very telling comment. Lima Charlie loud n clear :)

          • Rorschach

            You obviously didn’t read Roberts comment above. It applies to trolls (utterly hopeless failures of trolls) such as yourself.

      • Rick

        Look….AIG, Bear Sterns, Leman Brothers and other financial institutions found out the speculators that were trading in credit default swap’s did not have the resources to cover the bad loans. They didn’t become insolvent for no reason and received bailout money from the tax payers. It’s because they couldn’t settle all those trades. Bigger financial institutions like Goldman Sachs rigged it so most of short speculators didn’t even get paid.

        So I would be cautious!

      • ONE WHO KNOWS

        That’s great that some people are raking in the dough. What about the others who never recovered from the last recession? I believe in America. But I don’t believe that a few should get rich off the backs of many. And the only reason the “many” are struggling; is because they’re in the dark about the truth of the economy.

        There are citizens, especially those who are 50 and over that struggle financially each and every day. Some people have to make a choice whether to put gas in the car, buy groceries or pay a bill.

    • Rick

      The fiat paper disappears, and stores of numbers disappear! People that think they own assets that are nothing more than bad debt. They will not be collecting those assets. (debts)

      The exact same thing happened in 2008. In the last crisis who bought up all those toxic assets? The central banks did including the Federal Reserve. According to the audit that was done on the Federal Reserve in 2013 they now have 16 trillion in toxic assets on their balance sheet.

      The banks were too big to fail back then. But who’s going to bail them out this time? Unfortunately it will be the account holders you know those unsecured creditors. Can you say bail-in!!!

      • huththa

        I think Congress passed a bill 2-3 years ago that guaranteed taxpayer bailouts for banks when the next crisis hits. Who said Congress was not forward-thinking? The beauty of it is that they will not have to fight for it this time; it is already settled law.

        • Rick

          When they did all of the quantitative easing they weren’t fighting for bailouts then. Joe tax payer never even complained about the recapitalization of these insolvent banks.

          The Fed just turned on the printing press and started handing out money to whoever they wanted. What is quantitative easing? It’s just a fancy way of saying we’re bailingout all of those insolvent toxic assets on the banks balance sheet. Technically those toxic assets just got transferred to the Federal Reserve balance sheet. Unfortunately when they pump more liquidity into these reckless banks it’s like giving a junkie more drugs. So what do you think they’re going to do with the drug?

        • Mystic Light

          Which weasel was it that said the American people were stupid? (Gruber, I think, on Obamacare) Unfortunately, I think the man was correct. How many people even know about these laws that are being passed? How many even care? Fiat currency? Whenever I talk to someone about it, their eyes glaze over and they fade away. Very few people understand what is going on, very few really care to know what the true problems are. Hence the nasty trolls that occupy this website, desperately trying to shout the few of you on here that make sense, that are ringing the bell. God Bless all of you who keep pushing for the truth

          • Lennie Pike

            Buy silver and gold now.

            The Shanghai fix (of the gold price) will soon replace the London fix – it is in the works.

            Boy George Soros is buying all he can get his hands on. The trolls he employs that infest this site will either try to convince you otherwise, or more likely out of fear and their total ignorance on this topic, keep their mouths shut.

          • Lennie Pike

            Conditioning steps trolls.

          • Lennie Pike

            The NWO troll silence is deafening.

          • messianicdruid

            Gold is a sapling, silver is an acorn.

          • sistersoldier

            Hello Mystic! Fancy meeting you here!

      • Horiboyable .

        Central Banks bought them up and are still holding the worthless pieces of paper

        • Rick

          You got that right!

          But it’s still debases the currensy which is like a hidden and tax to the people. In my opinion it’s what helped caused the Arab spring and what will eventually cause hyper inflation.

      • RedSky

        Those poor people who managed to save $500K or more for retirement. They will no doubt be a target for the bail ins when they start doing that here in the US.

        • Rick

          You’re absolutely correct! It’s too bad the average person doesn’t understand this better.

    • Mad Monkey

      Simple example people invested in Junk Bonds, and oil stocks and the oil companies borrowed hundreds of billions for pipelines drilling, oil rigs and when they go broke the money is spent and no prophet returned.
      Every one is living on debt spending more than they earn a lot of debt is supported by the stock market – the money is spent and no income will return.

    • Priszilla

      There is this guy who wants to give me 5% interest on money I lend him.
      So I borrow 1000 from you and promise you 2%.

      These two debts add up to 2000.

      If that guy was using the money to buy bombs to “help some rebels” that money isn’t coming back.
      Same if he bought a movie ticket from it.

      He had a nice time and now declares bankruptcy.

      Question: How much money is lost and where did it go?

      • messianicdruid

        …and continue sitting on your hands on the back pew while hired preachers tickle your ears with magical thinking about you proving your faith by doing nothing.

  • Mike Molyneaux

    Great
    report again thanks, Michael, The world has been made drunk on so much credit to
    buy stuff they can’t afford and get out of jail for free that they can’t see straight.
    In their bleary-eyed double-vision they think they own twice as much as they
    really do. Drunkards eventually fall down and wake up in the ditch with better
    eyesight. But only after the bottle is empty and who knows how long that
    takes to empty.

    • Liberty First

      Sadly, the people losing money in the market who are close to retirement are going to suffer twice, because since the drunk, as you say, will have figured things out, the market will stay middling at best 20-30 years from now.

  • Jazz

    Lmao!!! Today was the bottom folks. Sunny skies ahead. I’m glad we are finally out of the woods and the markets are ready to rock n roll!

    • AlwaysNextWeek

      You still had a bit of credibility in the eyes of some u til this comment. Nobody I mean NOBODY can predict a market bottom or top. Millions have tried and failed. Your overconfidence in yourself will set you back big time. Just remembered, in the markets pigs get fat but hogs get slaughtered. And you, sir, are fatter than a stuffed pig on the 4th of July.

      • Alwaystomorrow

        You mean just like nobody, I mean NOBODY can predict a collapse?

    • MaxRockatansky33

      The

  • kfilly

    You’re either a government shill or the most ignorant person in Amerika. Take your pick.

  • Barry Goldwater

    The official line most often heard is “don’t panic and now isn’t the time to sell shares ” . Ironically they’re half right , the time to sell was prior to August 2015.
    Now the question is how much more can the individual watch spiraling down the drain before he takes action?
    Remember that while the value of your holdings is depreciating the 12b1 fees and other brokerage expenses aren’t and your investment firm continues to profit while you lose. Aha, another reason Investment firms want you to stay in.
    So, the question is how much can Americans stand to see disappear before they decide enough is enough ? The average investor in America has already lost around 8500 Dollars this year, some people more or less .

    • http://www.coroflot.com/joelpeeters/portfolio Joel Peeters

      Really glad to see there are still few people offering useful and constructive comment here. :-)

      Thanks Barry.

  • K

    Very well written, and informative thanks. Hey Michael, bet the same trolls are still here at 12000 saying we are all imagining it..

  • Jazz

    Today’s market action was VERY similar to what we saw on Aug 24 last year. Capitulation took place and washed out the remaining weak hands then BOOM off to the races. I wouldn’t be surprised if we end the month back where we started the year, making up the losses quickly.

    • HeyAHuman

      Based on what? Which “emerging technologies” are going to pull the global economy out of this funk?

      • Jazz

        What caused the market to rally from Aug 24 to Nov 30?

        • Creepy Pedro

          EBC, PBOC, and the FED

        • Rhialto the Marvellous

          Faith in the Fed. Speculation about the rate hike.

    • Liberty First

      Probably not Jazz. We might see some gains, but the highs will be consistently lower.

  • Liberty First

    More is coming. This is just the start. But do not expect it to occur in a day or a week or a month, or maybe even a year. There will be lots of suckers’ rallies as the unwinding will be slow and uneven – fits and spurts – here and there. Like a hurricane, there will likely be one or more eyes of the storm that could take days, weeks, or months to pass. Keep watch on the fundamentals.

    • Jazz

      Lmao!!! So the warnings will be extended for years? I guess that works so when the market finally crashed you can say see remember 10 years ago when I said the market would crash, well it happened!

      • Liberty First

        Well, so what? 10 years ago the books were 30,000 DOW by now, LMAO! And hey, I have made so much money in gold (LMAO!) that these crashes actually help me. But I am sad for the millions and billions who will be hurt by the Village Idiot running this nation and his minions in Congress, Dem and GOP, who have enabled his lunatic foolishness.

        • Mike Smithy

          Bingo +1000.

  • axinosp PAN

    Baltic Dry Index 358.00 (01-20-2016)

    • Bill

      Glad you get it.

  • max gon

    I cannot believe so many idiots still believe that the economy is doing great. I guess they voted for Obama.

    • Ricardo

      I think its called “talk yourself into believing”.

      • Bob Johansen

        Yea. Like the self hypnosis tapes to stop smoking. “Smoking is disgusting, I don’t like smoking. Smoking is disgusting, I don’t like smoking. Smoking is disgusting, I don’t like smoking. Smoking is disgusting, I don’t like smoking. LOL!!!!!

    • Jazz

      I didn’t vote for Obama either time and I believe the US economy is solid.

      • max gon

        You believe the USA economy is solid? You are a mental case.

        • Jazz

          Lmao!!! Nice comeback chopski

          • Rorschach

            Coming from somebody who says the US economy is solid you have no right to call out somebody else.

      • Steve Hansen

        Guess you are going to find out the hard way that the US economy is the opposite of solid!

        • Jazz

          Until we either lose world currency status or enter a recession we are strong. I don’t see either of those happening any time soon.

          • Rorschach

            That’s right the Sheeple are like deer in headlights and that includes you. You won’t see it until it’s too late. Let me know how “Camp Fema” is for you.

          • Steve Hansen

            Guess you can believe whatever you want! You’re going to find out the hard way.

      • http://www.mindbodygreen.com Kim

        I didn’t vote for him either. In fact I didn’t vote at all. And I hope you’re right about the economy being “solid”.

        • Bob Johansen

          Ever hear George Carlin’s stance on Voting? Check it out on youtube.

      • Bob Johansen

        Nader?

    • huththa

      Stop peddling fiction, bruh!

  • VigilanteCaregiver

    I understand about the price of oil; my problem is why that glut of oil wasn’t processed and such. Lower fuel and energy costs should be a bonanza for us, instead it’s causing problems? Gas prices around here should be below $0.50/gallon. Instead we’re stuck at $1.91 and our prices are stalled. I was expecting a huge deflation in prices that precedes the hyperinflation – not that this is a good thing, but at least lower prices so we can stock up easier.

    The problems must reside in regulations. It’s incredible how many laws on the books, plus the regulations of separate agencies at all levels of government, and then there’s the marketplace that doesn’t care about restrictions… it’s insidious.

    If these regulations and restrictions are improved for a normal civilization, instead of the progressive utopian fantasy it’s now based on, then this wouldn’t be a problem anymore.

  • Pat

    What did it mean when the S&P 500 jumped from -1% to -6% a few times today while the market was open? I have pictures it was crazy how it all kept fluctuating.

    • SP2300ROFL

      -6% where?

  • Lennie Pike

    This will lead soon to only two possible outcomes: a totally enslaving cashless system run by the same criminals, or the system defined in the U.S. Constitution. Buy gold and silver.

    • df NJ

      Google “bureau of labor statistics (Seas) Employment-Population Ratio” and check out the graph. Why did 1996 through 2001 have the best ratio? Maybe we need government policies that support labor instead of big business.

      • Lennie Pike

        As per the U.S. Constitution, I don’t think there should be government policies that support either.

  • Cesare

    The pigs will be convinced this is finally the time to get in, and they’ll get slaughtered. Tomorrow watch the market rally 400+ points out the gate, then turn red by noon.

    • df NJ

      A pretty big swing today may indicate some level of capitulation. Maybe one more wild swing. But it was a pretty strong banana today.

  • Robert

    Michael, I used to enjoy your blog. I think it is well done. I also used to enjoy substantive comments but comments have been hijacked by people who contribute nothing other than rude, vituperative, snide remarks. It takes too long to wade thru comments in hopes of finding something useful or thought provoking. Alas I think this is true in our culture today. The equivalent of road rage. I would like to see you police this but then I know numbers somehow count. The comments sure detract though.

    Best, Robert

    • Rhialto the Marvellous

      Up arrow this post.

    • Jazz

      Well said brother. Couldn’t agree more!

      • Rorschach

        Jazz you are on to speak considering how you and your other split personalities are part of the reason why Robert made that comment.

    • SP2300ROFL

      Quit begging

      • TrollingforTrolls

        Reread his post. He is referring to people like you. If you have nothing worthwhile to contribute then don’t.

        • Bill G Wilminton NC

          SP2300ROFL is consistent….consistent BS

          • SunnyFlaSnotress

            SP2 is the BEST poster on this site

          • Rorschach

            “SP2 is the BEST poster on this site”

            What you mean is your masters told you to comment on your fellow troll co-worker.

          • SunnyFlaSnotress

            I serve no master. I have slaver ancestry.

    • Alwaystomorrow

      My thoughts exactly!!

      • Rorschach

        You don’t have a say in this Alwaystomorrow considering your history on the comment section and how you attack and ridicule the author and other posters.

        • SunnyFlaSnotress

          pot kettle black

          • Rorschach

            That’s three new words you learned. Congratulations.

          • SunnyFlaSnotress

            nah.. known them a while

        • Alwaystomorrow

          Actually I DO have a say in it. Now sit down and don’t speak out again without raising your hand.

    • http://www.coroflot.com/joelpeeters/portfolio Joel Peeters

      Sadly you are not alone to feel the same way…

      Between absolute short-term thinking idiots and young guys who like to play the “know-it all adviser” trolling the thread is quite annoying.

      Reading them repeating the same kind of comments (“yeaaaah, today we reached the bottom”, “Tomorrow there will be a rebound of x%”, or any kind of comments with percentage, acronyms – DJIA, ZXE, APPL, or other to make sure it appear serious), after a while you can see that they don’t have the slightest clue about Geopolitic, Financial and Economical history cycles, and even less human psychology at work.

      IMHO, as for Michael, I think he does not really care much anymore as long as people comes on his blog and read his article…

      • Bob Johansen

        When you are talking about fiat currency, and we are, Human Psychology is the #1 factor.

        • http://www.coroflot.com/joelpeeters/portfolio Joel Peeters

          You are probably right on that… Only the “belief”, “faith” in fiat currency helped the system to go that far…

          Now, to be fair, most lay people don’t have much grasp of the notion of “fiat” currency (I for once many years ago). Logically, if you have it in your hand it’s not fiat, it’s real… At least so we think. In this case, Human Psychology fully at work – I think they call that the Association Bias/Causality Bias or something of that kind.

          That’s why I appreciate some authors like Peter Schiff, Harry Dent, Mike Maloney, Robet Kyiosaki to give another side of the coin (whether we agree fully or not with there complete viewpoint is for each to decide, I have a natural tendency to be careful with experts)

          • Bob Johansen

            Yea, kind of like the a Placebo effect?? It’s simultaneously real and imaginary at the same time.

      • AzDi

        I agree. We come here to read and absorb the “truth” from Michael. Can you even imagine how much time and effort he puts into these posts…. just to keep us informed. People who care and want to know what our government and the world is doing .

        You do not get much of this information anywhere else unless you want to do all the searching that Michael does.

        This is why I have posted several times. Just IGNORE THOSE POSTS. Do NOT respond to them. It is useless and a waste of time!!

    • RICHARD

      Exactly, I don’t even want to read this blog as much as I used to. A lot of these people contribute nothing. You know I have been around for a while.

      • SP2300ROFL

        Then you should realize how ridiculously comical the economic and market notions espoused are and should be viewed as entertainment only- if not then continue missing the incredible opportunities so many are benefiting from.

        • Bob Johansen

          What degree Mason are you?

        • sistersoldier

          What is it to gain the whole world and lose your soul? You cannot serve God and mammon. “Again, the devil took Him to a very high mountain and showed Him all the kingdoms of the world and their glory; and he said to Him, “All these things I will give You, if You fall down and worship me.”
          Stand up for your soul’s sake!

          • Speak

            please dont upset the trolls, i still have to purchase a few important things for my preps….troll money is my main source of income right now, i remodel their bathrooms, put in their extra garages for all their new colored cars ( one for every day of the week), install their luxury guest houses, build their game rooms so they can watch their football and mainstream news show falacies, design their delux wet bars, build their mc mansions on the flooding coasts….please, please…consider the implications of those of us who are putting stupidity to work for the better….ha! Whod’ a thunk !!!!

          • sistersoldier

            LOL! HA! Who would have thunk is right! I’m sorry I guess I was just being selfish. I want his soul for the Lord and you need his soul less money — You are right I should consider the needs of others. :)

          • speak

            haha, all is not lost, i leave a bible at every completed job site…just in case :).

          • SunnyFlaSnotress

            He’s talking stock market opportunities.. not selling his soul.

          • Rorschach

            Not that you would know the difference. After all you only interested in getting the cheapest consumer goods for yourself. No wonder the “me, me, me” mentality is so stupid.

          • SunnyFlaSnotress

            Selling one’s soul is a Faustian issue.
            Cheap consumer good’s is a DollarTree issue.. and yes, I do like my inexpensive imports..
            What are you looking for.. a “you,you,you” mentality? Good luck w/that.. you will need it.

          • Rorschach

            “and yes, I do like my inexpensive imports.. ”

            Sounds like you cannot afford anything.

          • SunnyFlaSnotress

            I can buy a house in cash

          • Rorschach

            Foreclosed doesn’t count especially from Detroit.

          • SunnyFlaSnotress

            Oh no, I’ve never been to detroit and don’t have any plans..

          • sistersoldier

            I will be sure to take your advice! Because you look like you know your “soul selling” business. You handsome little devil you! Thirsty! I have some nice refreshing holy water.

          • SunnyFlaSnotress

            First of all.. Snotress is feminine form.. unlike TrannyKim.
            Atheists don’t believe in selling souls and are unaffected by hold water.

          • sistersoldier

            OK now I am really confused so you are saying that you are a woman? But I sense such a fowl and nasty masculine spirit. I plead the blood of Jesus right now! Get thee behind me Satan!

          • SunnyFlaSnotress

            Yes, sissy, I am female. Your senses have been off and your cast of characters are humorous.

          • Speak

            i got to thinking about sunnys replies….( yes i am that bored), here’s what I have noticed:
            Sunny claims to be an atheist…atheist .org says:atheism is not a disbelief in a god or a deity or a denial of God or a deity; atheism is the lack of belief in a God, as in “unaware”, atheism is a belief in the lack of God.
            Given that, if sunny is an atheist, things would have been stated a little differently by Sunny. Sunny has contradictory statements to that definition, such as: the comment regarding the “Faustian Issue”, and in regard to the statement “atheist don’t believe in selling souls”, and “he’s talking about the stock market, not selling his soul” well, to not believe in something, there has to be a something in place not to believe, which brings me to this: atheism definition of the belief in the lack of a god; the statement is contradictory because sunny is acknowledging the belief in a god or deity within that statement alone.
            another one would be the acknowledgment of not being able to petition the Lord with a prayer as in Sunny’s statement regarding Jim Morrison, again: *Lord, * Prayer.
            The belief that there is a soul is a belief in a soul, just because one cannot define it in re: terms, does not mean that there is not one and Sunny’s acknowledgment to the fact that there is a soul to sell, contradicts the premise of claiming of being an atheist. In Sunny’s statement “atheist don’t believe in selling souls and are unaffected by holy water”, as redundant as this is getting, again I say to believe that one is unaffected by something, there is an initial belief in the thing that one is unaffected by.
            Further down Sunny says “what are you looking for… A ” you you you” mentality?” ; it is apparent to me that she is condemning the very mentality she possesses, here’s the point: she’s focused on providing and proving her point and trying to reinforce her perception on everyone who disagrees with her, and, cannot/ will not come up with information that supports her beliefs, I call that mentally and emotionally empty and inept. It is of my opinion that Sunny is very talented and creative with sharp words a wits, however, a lonely individual who needs to understand that by only professing and proclaiming one’s beliefs, it does not allow that individual to walk their talk…and is just another belief that puts forth effort into shredding damaging insulting and down right disregarding others, this is not one that I would want to see become a ” world success” …..all the wild claiming that atheism is good, more real, right and correct, by Sunny, quite frankly is giving atheism a truer color. Atheists should worry about this individual if they are expecting to spread an effective message.

          • sistersoldier

            Thank you Speak and I don’t think that you were being redundant but rather solidifying your comment and connecting the dots of your outstanding rationale. Excellent observation! I am glad you took the time to fill me in and to educate me as to what could be wrong with this poor person. And I am also glad you went into detail because until yesterday I thought “she” was a “he”! I think her avatar was throwing me off. She doesn’t believe in a deity but she believes in vampires? I’m still recovering from that revelation. I do appreciate your in depth analysis and it is dutifully documented.

          • messianicdruid

            Maybe “agnostic” would be more correct, if you must have a label.

        • Sweet T

          That’s true. For example, right about now would be a great time to get a job working for the unemployment office. And get ready for a lot of overtime.
          Invest in pharmaceutical companies that make anti-depressants. With the oncoming global depression, everyone will be popping pills.
          Or buy a funeral home. With the forthcoming carnage in the streets, the funeral business will be booming.
          And on and on the list goes…

      • SunnyFlaSnotress

        This board is beneath you. You should find a better one.

    • afchief

      Yes, there are a lot of whacked (liberal) trolls on this site. But as a Christian I do have a different point of view. We Christians live by and stand on the Word of God. We are not to live in fear of what is happening in the world. So the market crashes, people lose money and retirements. So what! I KNOW as a Christian that my God WILL supply all of my needs! All of them (Philippians 4:19). I do not fear what happens in the world. This world is not my home.

      Most people on this site are prepping for the worse i.e. buying gold and silver, food and water for a year or more, etc. What will you do when it runs out? Will you turn starving families away? Will you have a 24 hour watch around your house to make sure no one breaks in? What if you have no electricity or running water to your house? Have you built an out house yet? Or will you dig holes out in the yard to get rid of human waste? What will you do with all the trash?

      Bottom line, stop living in fear!! We have no control over what happens. If you have food for 30 days or 2 years, it will run out. Put your trust in Jesus Christ and rest in Him and ENJOY life. You will live longer!!!

      • Bill G Wilminton NC

        well said sir………………

        Shalom

      • messianicdruid

        “A prudent man sees trouble afar off and hides himself.”

        There is a difference between being prudent and living in fear.

        “Go to the ant thou sluggard…” you know the rest.

        There are way too many imprudent christians. It reminds me of the story about a man being in a flood and climbing up on his roof after refusing to evacuate when warned by the police. Later a boat came by and he refused to go with them saying, ” the Lord will save me!” Still later, a helicopter flew by and saw him stranded, and lowered down a rope, and he refused this also. After his house was swept away and he drowned, he got to heaven and asked the Lord why he was forsaken. The Lord told him, I had people warn you, then I sent a boat, then I sent a helicopter.

        Some people cannot be helped.

        • Mystic Light

          Agree with you. Just because someone prepares for something doesn’t mean they live in fear. Nothing wrong with being proactive, I rather prefer it.

        • IsReal

          You’re ignorant of God’s Word, it’s as clear as day you’re in rebellion against Him and Christianity. Why do you bother to fight and struggle against Him? Because if you are unwilling to accept Jesus into your heart and repent of your sins asking for forgiveness, the buck stops right there and you will never enter heaven. Period. You’re wasting your time countering Christians who follow God in faith because you’re outside looking in.

          • messianicdruid

            How do you know what I believe?

        • afchief

          What does Matt 6:33 and Philippians 4:19 mean to you?

          • SunnyFlaSnotress

            It means more stuff I won’t google

          • messianicdruid

            I will be happy to answer your questions, but first what do the verses I cited mean to you?

          • afchief

            It means you are using the OT verses the New.

          • messianicdruid

            I’m pretty sure you know that every scripture quoted by Jesus and the writers of the New Testament were from the Old Testament.

          • afchief

            Are you trying live by works or Grace?

          • messianicdruid

            No, I’m trying to understand why you are avoiding to tell what the two verses I cited mean to you, so I can then answer your other questions.

          • afchief

            I live by the New Testament. Not the Old.

          • messianicdruid

            That is not an answer. What about all the verses that Jesus and the writer’s of the NT quoted from the OT? Are these not incumbent on christians to live by ( by-live )?

            “For whatsoever things written aforetime were written for our learning, that we through patience and comfort of the scriptures might have hope.”

            “Man shall not live by bread alone, but by every word thatrocked out of the mouth of God.”

          • afchief

            Are we under the law or Grace?

          • messianicdruid

            I will get to that one too. Quit trying to change the subject. Why should I answer your questions when you don’t seem willing to answer mine? We are on the same team.

            PS: I will be away for a few hours, think about it.

            “As iron sharpens iron so does a friend the countenance of his brother. “

          • afchief

            OK, let’s go your route. How much prepping are you doing? 2 months? 6? 2 years? What will you do when the food and water runs out? What will you do when people come to your door? How will you defend your house? Etc.

          • messianicdruid

            You are not going “my route”. That would entail an explanation of why you want to ignore a substantial portion of the NT which are quotes of the OT.

            I understand perfectly that we are not justified by the law. I am not talking about the plan of salvation. I am talking about “If any provide not for his own, especially those of his own house, he has denied the faith and is worse than an infidel.” This is not limited to monetary provision.

            Do you have a job? Why?

            How do you know what “sin” is?

          • afchief

            You are comparing two different things here…working and prepping. Yes, we are to provide for our families by working. That is biblical. Prepping is something totally different. We do not know the time or day when an economic crash will happen. Are we to prep at all times and live in fear that we will not have enough for our family? No, we are not. We are to trust God in times we have no idea what will happen.

            Should all of those Christians before the Great Depression have prepped with all the food and water they could store? What about all those Christians in Germany? Why didn’t all those Christians in Acts hoard food and water? I have yet to read of any Christians in history storing food and water because hard times were coming.

            What will you do if the church is still here during the tribulation? Will you “hole up” in the mountains for 7 years with all the food and water you can muster. Or will you be salt and light to those who have not taken the mark of the beast so you can minister to them?

          • messianicdruid

            Preparing for the future is why we work. Some of us can only prepare for the following week. This is called living “paycheck to paycheck”. If you save money, in a savings account or in a can in the back yard, you are preparing for the future, slightly longer term. If you are warned of a tornado and cover your windows with plywood you are “prepping” for a few hours. No need to make it into a dirty word.

            I suppose you are going to say that Joseph was not a christian, even though he was used of God to interpret Pharaoh’s dream and they being prompted to “prepping” for seven years of famine saved many people from starvation.

            “We are to trust in God in times we have no idea what will happen.” These are not those times. Only people in outright denial believe the lies being told on the “boob-toob”.

            Do you think the people in the NE who are getting over two feet of snow, and have been warned for a solid week about it, are being stupid to have a little extra because the goobermint is going to shut down all the roads for several days?

            Do you think it is faithless to convert some of the “coin of the realm” into the kind of money God gave us to use ( gold and silver ) instead of waiting for it (the little wealth we have) to be stolen by thieves and robbers through inflation or “bail-ins”.

            “We do not know the time or the day an economic crash will happen.” True. But, at this point in time we know it will happen. It is not necessary to prepare at all times, as you well know, but there are times when the Watchmen that God has called to warn His people should be heeded.

            Most of the people before the Great Depression lived on farms and ranches, grew their own food, had well water, and knew how to make do with what they had at hand. Now most of the young people think food comes from stores, just in time. It is pathetic how dependent we are on people that hate us.

            “Why didn’t those christians in Acts hoard food and water?”
            Well your use of the word “hoard” gives you away. They had enough to feed thousands from other lands visiting Jerusalem for Pentacost, so maybe they were prepared. If God multiplied what they had, wonderful. If He does it again, wonderful. I have no doubts about His abilities.

            My doubts arise from hearing that NT christians are tempting God by not doing anything to care for themselves and their loved ones – to prove their faith. We should prove our faith by what we do, not by what we say.

          • Devin

            Hey there druid, you seem like a wonderful person just be sure to seek righteousness at all time’s, be a good example to all those here on earth, and to keep unclean communication away from the mouth, without spot or blemish. Stay in this together and if the man can’t see because he doesn’t want to see then let him not see, but if a man wants to see- then let him see. :) let him who is holy be holy, and let him who is unholy be unholy..

          • messianicdruid

            Thank you Devin. I just got myself one of those little expandable bracelets yesterday that has Micah 6:8 on it. You have become a second witness. God Bless You.

          • messianicdruid

            When people put plywood over their windows they are preparing for a few hours. People that live “paycheck to paycheck” are preparing for the next week. People with savings, whether in an account , in the back yard or by buying insurance are preparing for slightly longer. There is no need to make it into a dirty word.

            Do you think a chickadee, who can remember 900 places where it hides a seed, is “hoarding”? God provides for them by making certain plants grow extra seeds and then giving the birds the instincts to hide some of them in the bark of trees.

            “We do not know the time or place when an economic crash will happen”. True, but we know it will happen.

            I suppose you will say that Joseph was not a christian, but he was called of God to interpret Pharaoh’s dream, and they prepared for seven years and kept many from death.

            If someone wrote a book with only two chapters and someone else came along and said, “don’t read the first chapter, it has nothing to do with the rest of the book” wouldn’t you wonder why they would say that?

            How do you know what “sin” is? I have never heard a sermon on 1 John 3:4. Have you?

            “We are to trust God in times we have no idea what will happen.” This is not one of those times. He has raised up Watchmen to warn and allowed deceivers to proclaim “peace and safety”.

            If you wish to cast yourself from the pinnacle of the temple because you know the Lord will lift you up, it is your business. I am not your judge.

          • afchief

            “We do not know the time or place when an economic crash will happen”. True, but we know it will happen.”

            We know it will happen? Really? I don’t read about it in Matt 24. In Rev I don’t read about it because the antichrist will be in control and people who take the mark can buy and sell.

            Joseph was told by God to store grain because of a coming famine. If a Christian today hears from God to prep, then do it. If not then don’t do it. I have not heard from God to prep.

            How do we know what sin is? It is rebellion from God.

            1 John 5:17 All unrighteousness is sin, and there is a sin not leading to death.

          • messianicdruid

            What will you accept as proof that an economic crash has happened? Do you realize it is already too late to prepare for something that has already happened?

            How do we know what “unrighteousness” is? “Sin is the transgression of the law.” Can you see why most of churchianity will never hear a sermon using this NT verse of scripture? Paul said, “I would not have known sin unless the law had said, thou shalt no covet.”

            We are not justified by the law. This is why there IS another, better covenant. It was impossible to keep perfectly, and only condemned those who agreed to keep it to be justified before God. But it is still the only thing that shows us what sin is. The Covenants are based on the law of God.

            Salvation has three parts: justification, which happens at a point in time, and needs no repeating. Sanctification, which happens after justification and continues all our life as we have the law written on our hearts, and worked out in our lives. And finally glorification at our resurrection when our bodies are redeemed.

          • afchief

            So I should prepare even though I have not heard from God to prepare? How long should I prepare for? 6 months? 2 years? 5 years? A crash happened in 07/08 and I did not prep. A crash happened in 2000 and I did not prep. A crash happened in 87 and I did not prep.

            We do know what sin is. When you sin your heart will condemn you. 1 John 3:19-21 (NASB) We will know by this that we are of the truth, and will assure our heart before Him 20 in whatever our heart condemns us; for God is greater than our heart and knows all things. 21 Beloved, if our heart does not condemn us, we have confidence before God;

            No, salvation has just one requirement. Romans 10:9 (NASB) that if you confess with your mouth Jesus as Lord, and believe in your heart that God raised Him from the dead, you will be saved;

          • messianicdruid

            Your last paragraph is describing justification. You are using a word that has at least three definitions. Our spirit is justified when we confess our sins and believe that the Son of God died in our place. When that happens we are saved.

            After we are justified (saved) we are told to “work out your salvation (sanctification) with fear and trembling”. This is how our soul (life) is saved. Those that have been faithful until death will be given a new body (saved), like Jesus’.

            We were saved, we are being saved, and we will be saved. We were justified, we are being sanctified, and we will be glorified. Our spirit was saved, our life (soul) is being saved and our body will be saved.

            Now you can see why our enemy translated all three words into one word, leaving believers in oblivion about what they should be doing. It also fills the pews with converts to easy- believism, so they can be told about tithing.

            “…behold the days come, saith the Lord, when I will make a new covenant with the house of Israel and with the house of Judah: not according to the covenant that I made with their fathers in the day when I took them by the hand to lead them out of the land of Egypt; because they continued not in my covenant, and I regarded them not, saith the Lord. For this is the covenant that I will make with the house of Israel after those days, saith the Lord; I will put my laws into their mind, and write them in their hearts: and I will be to them a God, and they shall be to me a people: and they shall not teach every man his neighbor, and every man his brother, saying know the Lord: for all shall know me, from the least to the greatest (no more nicolaitanism!). For I will be merciful to their unrighteousness, and their sins and their iniquities (law-less-ness) will I remember no more.”

            This is one of the verses from the NT quoting the OT.

          • sistersoldier

            Faith without works is dead.

          • afchief

            Which is true. So when Phillipians 4:19 says “my God will provide all my needs”,. that is a lie?

          • sistersoldier

            Noooooo… the scripture is the inerrant word of God. The Bible always answers itself and those are two separate commands. Yes He will provide all of our needs according to His riches in glory by Christ Jesus if we believe and live according to His teaching. This scripture is speaking to those who are “anxious” in the faith and it is for their comfort where as “faith without works” is a militant call to action and is directed at those who are zealous in the faith but not in “good works”. Jesus himself said, “even if you do not believe in Me then believe in the works that I do”. Surely the Lord does not sit on the throne all day looking down upon man. But He is working — building — planning — saving — judging — maintaining the order of the universe outside of time and space as He is Omnipotent. Good works are such as we should do to the glory of God and the advancement of His kingdom.

          • Priszilla

            God makes sure the Earth is revolving around the sun, not plunging right into it. Now do him proud and do your part, and work.

          • Priszilla

            Actually god will provide sun and water and air and plants. What else do you need?
            Now it’s your choice to use what god gave you.
            Or to destroy it. And then pray for forgiveness of your sins…

            A farmer doesn’t have much time for prayer, he needs to water the plants.

      • RedSky

        Compost toilets are really coming into their own. They are less expensive and smaller now. Really, the lord does not provide. He helps those who help themselves. Knew a fundamentalist christian once who always proclaimed that the lord provided for his family of 6 when in reality, his family picked up the tab when he could not. He finally went through bankruptcy twice when his family no longer could foot the bill for him and his 4 kids and wife.

        • IsReal

          There is no scripture that says God helps those who help themselves. It’s nowhere to be found in the Bible. That phrase is totally antichrist in nature.

          • messianicdruid

            Does God help those who help others?

        • afchief

          What does Matt 6:33 and Philippians 4:19 mean to you?

          • Marilyn

            What does collapse of the financial market got to do with bathrooms or starving?

          • afchief

            What?

          • Marilyn

            Video: (3 mins)

            Evidence of a Ninth Planet: Is this the Long-Sought Nemesis?

      • SunnyFlaSnotress

        My Atheism keeps me strong.
        I don’t fear that which I think is a crock of ..
        stuff not to fear.

        • CASTIEL

          In the future when you have nothing to loose……i dont think atheism will keep you strong….people nowadays are atached to things and money to have a purpose in life…..but in the end that is irrelevant….

          • SunnyFlaSnotress

            It DOES keep me strong..
            It’s like Jim Morrison said..
            “When I was back there in seminary school, There was a person there
            Who put forth the proposition
            That you can petition the Lord with prayer
            Petition the lord with prayer
            Petition the lord with prayer
            You cannot petition the lord with prayer!”

          • sistersoldier

            Mmmmmm….. OK! As much as you give me seriously questionable pause —- I’m going to take the risk for Christ’s sake and I guess one for the EC Blog warrior team. You went out of your way to mention that you were in “seminary school” but now a self-proclaimed Atheist. You then shout at the end of your comment that “you cannot petition the Lord (the Lord’s name should always begin with a capital letter by the way and if you were a seminary student you should know that) but I digress. You have been hurt! You are a hurting soul. For surely you know that the Lord Jesus said it is easier for a camel to go through the eye of needle than it is for a rich man to enter the kingdom of God. I ascertain that your sarcasm is implying that one cannot petition the Lord with prayer because in your presently warped school of thought there is no God. A likely and an immature argument from one such as yourself as you know that an intelligent design requires an intelligent Creator. Even a child contemplates that simple truth. Well, so now we know the heart of your problem. You have suffered offense, a very deep hurt and as a result you chose to harden your heart against God and have turned your back on the faith. Then it does not require for me to say that the natural person does not accept the things of the Spirit of God, for
            they are folly to him, and he is not able to understand them because
            they are spiritually discerned. I repent of my sins and surrender
            myself totally and completely to You. Heavenly Father, by faith I now
            confess Jesus Christ as my new Lord and from this day forward, I
            dedicate my life to serving Him. Gotcha!

          • SunnyFlaSnotress

            sissy.. I was quoting Jim Morrison of The Doors

          • Speak

            Truly, the athiests I know, and are friends with, all disagree with the type of behavior and belief systems that Sunny has brandished. Most I communicate with are very accepting individuals and will always hold the chosen belief of others in high regard and with respect. Alot of them are quite interested/ surprised in how similar they hold to the respect and rights of humanity, as a believer does. By the way….ha! forgot to mention, excellent article, thankyou to the Author.

        • afchief

          Hebrews 9:27 (NASB) 7 And inasmuch as it is appointed for men to die once and after this comes judgment,

          • SunnyFlaSnotress

            Well, I just don’t worry about that

          • afchief

            I promise, you will!!!!

          • SunnyFlaSnotress

            right pal..

        • sistersoldier

          That a boy, girl, man, woman, demon….. u pick one.

    • jakartaman

      Go to the great recession blog

      • http://www.coroflot.com/joelpeeters/portfolio Joel Peeters

        Thanks Jakarta, did not know about that blog. :-)

    • Mondobeyondo

      It’s just a microcosm of our culture and society in general. There are honest people, liars, intelligent people, bullies, idiots, etc. in real life as well.

    • SunnyFlaSnotress

      The problem is hubris. Your type thinks that your comments are so much better than other people’s.. so you deem them trolls when it is more a matter of conceit on your part.

      • Rorschach

        That’s cute how Sunny is so offended easily. That’s only because Sunny is a troll.

        • SunnyFlaSnotress

          I was stating a different perspective to broaden the mind.
          Rorschach, after a day at felony court, it’s nice to see you :)

          • Rorschach

            If it is a different perspective why is it that 39 different posters agree but you have the “hubris”to state a different perspective and then you say it is to “broaden the mind”. Now who has the “hubris”.

          • SunnyFlaSnotress

            the masses are a ssess

  • LWZRGHT

    Debt deflation

  • GetReal4U2

    another “late” rally…hmmmmmmm

  • Fellie Chn

    ** With the creation of China’s “Middle Class” It will be another Detroit in the making. Remember, China Evolved because of Cheap Labor.
    **The housing market will be next to be HIT hard, starting from the luxury Real Properties –> down to Condos –>
    down to SFR !
    ** Many WILL Default on their Student loans.
    ** This CHINA Economy has unsuspectingly created an underground economy, where counterfeit goods are being distributed within the US à a windfall for our tax system.
    ** I think there are NO oversight for laundered money going into
    the REAL Estate Business >> as payment are made in CASH >> driving legitimate family buyers out of the equation –> bankrupting the economy !

    • GoldenGirl

      And this is why the PCB is planning to move to digital currency.

  • Bob332

    For the Greed, Corruption, Dishonesty etc. etc. Peter the Piper is coming to be paid and it’s going to be bloody!

    • df NJ

      Sounds like you are talking about the mega-churches in the South.

  • Marty Mann

    Wow China has dropped even more. Its 2:35 am now and it looks like a sea of red in every asian market except Australia.

  • mtntrek3

    How many more market bounces before it misses the trampoline? Could this be the one?

    • SP2300ROFL

      One or two more rate hikes will set the trajectory on the yield curve then a well orchestrated 25-35% decline in key indices will grab mainstream media headlines to shake out the rubes. Then a long term sustainable economic and equity market advance will commence. Same old cycles just fresh rubes.

      • mtntrek3

        What about national/worldwide debt? U.S. debt estimated @ 90-200 trillion (public and private) alone. Globally…… several hundred trillion??? What about the lack of livable wage jobs? Need a strong middle class for a healthy economy. Can’t do business with people that have no money as Perot said years ago.

  • http://www.theeconomiccollapseblog.com Will

    Michael:
    I come to your site every day and find it full of worthwhile information and recommendations. I find this site a benefit to myself as I learn from your research into a society that has built on sand.
    I ask you not to be deterred by the mockers of your efforts, as they will mourn. Remember the people in Noah’s time who mocked him for one hundred years and closed their minds to the voice of warning. They made merry and persisted in their carnality while he and his family laboured to built the ark that saved them and the animals.
    Remember the parable of The Ten Virgins. The virgins resemble modern Christians who have the prophecies and scriptures before them, but only half will be wise and put works with their faith and prepare spiritually and temporally.
    Again, remember Joshua’s admonition: “…But as for me and my house (family) we will serve the Lord”. You are serving God by being a watchman on the tower to all who will listen to the truth. GOD bless you and your family. Sincerely.

    • Bill G Wilminton NC

      well said………………

      Shalom

  • Rufus T Firefly

    Great buying opportunities worldwide! And just think, a year from now Hillary will be POTUS. O joy, O bliss, O brave new world!

    • Jazz

      She is more likely to be in jail than the next President. She won’t even get the dem nomination as she is fading faster than she did in 2008.

      • GoldenGirl

        One can only hope, although I doubt she will ever be indicted. However, I’ve noticed that she hasn’t been wearing her orange pantsuits lately. Too bad, as that color really suits her.

  • chilller

    The market’s, “curious rebound” yesterday was Weekend at Bernies all over again…

  • Bill

    Is the big (snow) storm about to cover (up) the big financial storm?

    Meanwhile manipulation confuses everyone.

  • Patriot Alice

    If the stock markets are rigged, why don’t we believe they are totally rigged from rise to fall in all of it’s degrees? The mega billionaires who own major banks, corporations, “World Organization of trillionaires, (Davos)”, firms of all types, politicians, all if info on everybody, in all of their capacities and capabilities. The harvesting of “Their” money from time to time and the cycle starts all over again. In slavery times they just didn’t pay the slaves for their hard labor. Now they pay you, but they take it back with crashes and other tools at their disposal. “We can’t see the forest through the trees”. The last straw of freedom will be when currencies are removed from the populations of the world.

    • df NJ

      There are 7 billion people on the planet. I have absolute faith in the 7 billion people will do absolutely anything to make sure economy and commerce continues regardless if all the currencies are removed from the population.

  • alan

    Seems the PPT is slacking a little. The market will be back soon it always does. I think what will be important this year is Saudi Arabia falling apart and Red China floundering around. Most everything is a smoke screen in the US. Things will continue downward as they do in a collapse.

    • Fellie Chn

      Things are getting really bad. . . Though admit I am as excited as some . . WE NEED the RESET button. Damn the Torpedoes . . . .

  • df NJ

    Once oil settles around $18 barrel things will settle down. Once the market bottoms out it will setup for the next 7 year bull run.

    • HeyAHuman

      Hooray!! Let’s celebrate!

    • SP2300ROFL

      Get a clue

      • Rorschach

        Not that SP2300ROFL has a clue.

        • Fellie Chn

          . . .ROFL agen, harharhar

  • guest

    I can grasp the concept of fiat money, but fiat wealth? That eludes me. At least insofar as I understand the meaning of wealth. Was it ever really there in the first place or is fiat wealth just a barbaric relic?

  • REALIST

    Trade tanks. Prices drop. Factories must close. Prices drop, Raw materials prices drop. Peope laid off. Now, the socialist/commie run governments from Saudi to China have to sell from their State Run investment funds (good boys, commies). This will dump more over-priced shares on the market driving down the market even more. It is going to get ugly.

    Then, the US Socialist Union Pension Funds will discover that rather than “making” a fake 7% per year off the Captilist system that they HATE, they will be losing 7% per year off the Socialist-Commie system they have created. Justice my friend is a nasty angry bitch.

    It is going to be fun hearing the screaming from the “All American” socialist unions of the Police, Fire and Teachers. The very people who think they are “AMUURRICANS’ will discover their heavy handed mafioso union tactics are going to leave them living in cheap trailers in Florida. Voted for Clinton? Voted for Obama? Voted the Union Democratic Working Man ticket? Well, fool, too late now.

    • SP2300ROFL

      Clueless nonsense

      • Rorschach

        So you admit you are clueless. It only took that long to come out.

        • No Clue

          I am glad you are here.

          It is nice to have someone like you here with a terrible sense of logic and no clue of how to use satire to prove your point.

          Tally up the mindless comments from you to the people you call trolls and you are the winner by far for number of off topic comments.

          If Mike were to ban you it would be the single best thing he could do to his blog.

  • Jazz

    Nice rebound today. I can’t remember who called it or who bought S&P 500 calls yesterday 😉

    Nice to see the markets back on solid footing. Back up we go!

    • Sweet T

      The dead cat with 9 lives.

      • Jazz

        Guess the cat wasn’t dead. It is ready to pounce and jump to new heights.

        • Rorschach

          Jazz you should show how it pounces and jumps to new heights and set an example from the tallest building.

        • Sweet T

          I suppose a dead cat will bounce higher off a 20 story building than a 2 story building.

    • HeyAHuman

      This is short selling vultures at work. Don’t get too excited.

      • Jazz

        Lol. The Dow is up almost 500 points from the bottom. Guess when it’s back at 18k+ we will have a new warning?

        • Rorschach

          Wow big deal one rally and you are saying everything is fine. The darwin award goes too …. Jazz the troll.

      • SP2300ROFL

        You obviously have zero clue what you’re typing

        • Rorschach

          Says the person who admit to being clueless. Oh let me guess you will type “rofl” now?

          • Fellie Chn

            harharhar. . . ROFL

  • SP2300ROFL

    SP2300ROFL 7 hours ago
    CBs gamed the algos defined the range and gave screen watchers a snapshot of the days price action now they fade and rope in shorts for added fuel. Too easy. Watch and learn

    • Rorschach

      Copy and paste from CNN or what other Sheeple repository did you use?

      • SP2300ROFL

        My profile is open read it and learn….or remain clueless

        • Rorschach

          No thanks I have already learned enough from your ridiculous posts. You are an open book.

          • SP2300ROFL

            You know zero about economics or capital markets. Your notions are beyond pathetic.

          • Rorschach

            I agree you know nothing about economics or capital markets. See it’s great that we can agree on something and that is how clueless you are.

          • SP2300ROFL

            Weak. You’re played out like a busted record. You’re right at home on this blog site roflmao

          • Rorschach

            “Weak”. Spoken like a pre-puberty teenager. Did the troll farm pay you with rice or promises for fiat currency?

          • SP2300ROFL

            You’ve a complete waste of bandwidth. Sayonara weak one enjoy your rice. Thats likely all you have. Roflmao

          • Rorschach

            “You’ve a complete waste of bandwidth.”

            And so you also failed school. Learn proper spelling and grammar before trying to troll. What is a “You’ve”?

            Oh and I see you ended it with “Roflmao”. So you are what 11 or 12? That speaks volumes about you.

          • The GOOSE

            You’ve = you have, it’s a word.

            The nitwit should have used “You’re”

          • Rorschach

            I wanted to ask him to see if he is even capable of comprehending what the definition and proper context of the word is. I know what it means but I am sure he doesn’t and just blindly follows his handlers instructions for trolling 101.

          • SP2300ROFL

            Thats called a syntax error fool. Spell check caught me speeding and proved your ignorance. ROFL

          • Rorschach

            “Thats called a syntax error fool. ”

            Yea you are a fool aren’t you. After all your spelling and grammar is worse than a pre-puberty teenager.

          • Fellie Chn

            another ROFL from this . . SP2300’s AI dream . . .

          • Rorschach

            I agree as for you I am not sure you are right anywhere especially mentally or physically. You might want to check yourself into the nearest hospital and psych ward asap.

  • Fellie Chn

    Charlene CHU doesn’t like the scenario of the market, NOW and in FUTURE trends. G. Soros also sees the EU being hammered by THOR! The ugliest of the UGLY situation, has NOT arrived yet.

    IF you ADD the stores CLOSING in collateral to the JOBs, that will add another dimension to this matrix.
    harharhar. KEEP it Coming . . As the brightest ONCE said — > Game over !

    • SP2300ROFL

      Another absurd notion. You fools are too clueless for words

      • Rorschach

        Absurd as you sure.

        • Fellie Chn

          ROFL is AI . . .lol . .like an alter EGO character . . somewhat ? damn

  • Fellie Chn

    Our 401(k)s and 403(b) are not looking pretty well. How are other’s faring ??

  • Barry Goldwater

    For years the Federal Reserve has been building the Wall Street bubble with ZIRP and the additional QE 1-3 . The sucker punch of Zero rates coaxed billions of Dollars from Bank deposits into the stock market in search of a decent return , any return at all, in fact Fund managers often would state proudly ” we’re the only game in town if you’re looking to earn a fair return ” on your cash. Those who entered the market in the last two years are financially DOA.
    The same people are all over the Internet today proudly hawking today’s 115 point rise as a turning point. It’s not a turning point at all , the reason being that global conditions do not support this view.
    If you’re preparing for what’s coming that must include cutting your loses in Bonds and Stocks as well as Bank accounts. The enormous global credit bubble has run it’s course and now the consequences must be realized.
    Paper of any kind is no longer safe, please note, a Bank account is nothing but a piece of paper and digits on a computer nothing else.

    • messianicdruid

      My silver is still worth twice what I paid, so “we’re the only game in town…” is a lie.

      Gold is a sapling, silver is an acorn.

  • Priszilla

    Lord isn’t a person, do forget that personality cult.

    If you believed in god you wouldn’t pray for his forgiveness.
    If you believed in god you wouldn’t destroy his creations.
    As god doesn’t make mistakes, everybody is on this earth by his will. EVERYBODY.

    So deal with it. If you turn away from god and think you need to kill homosexuals, You are committing a grave sin.
    (for example)

    Gospel of John – nice piece of work.

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