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Stock Market Crash 2015: The Dow Has Already Plummeted 2200 Points From The Peak

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Crack The Sky - Public DomainThose that watched their stocks steadily increase in value for years are now seeing all of that “wealth” disappear at a staggering pace.  The only way you actually make money in the stock market is if you get out in time, and many Americans are discovering that all or most of their gains have already been wiped out.  At this point, the Dow Jones Industrial Average has dipped below where it was at the end of the 2013 calendar year.  That means that nearly two years of gains have already been obliterated.  On Friday, the Dow was down another 272 points, and it is now down more than 2200 points from the peak of the market back in May.  For months, I have been detailing how things were setting up for this kind of financial crash in textbook fashion, and now events are playing out just as I warned.  But this is just the beginning – what is coming next is going to shock the world.

We have already seen the 8th largest and 10th largest single day stock market crashes in all of U.S. history happen within the past few weeks.  In fact, it was actually the very first time that we have ever seen the Dow fall by more than 500 points on consecutive trading days.

On August 25th, I warned that there would be some huge rebound days where we would see lots of “panic buying”, and on August 26th we witnessed the 3rd largest single day stock market increase in all of U.S. history.

Headlines all over America trumpeted the “fact” that the stock market had “recovered”, but the mainstream media failed to mention that the only two better days for the stock market were right in the middle of the stock market crash of 2008.

In this article, I explained that this is exactly the type of market behavior that we expect to see during a full-blown market meltdown.  There are going to be even more violent swings in the market in the weeks ahead, but the general direction will be down.

Friday was definitely another down day.  The following is how Zero Hedge summarized the carnage…

  • Dow Industrials lowest weekly close since April 2014
  • Dow Transports lowest weekly close since May 2014
  • S&P 500 lowest weekly close since Oct 2014’s Bullard lows
  • Nikkei dumped over 7% this week – worst week since April 2014
  • Utilities collapsed 5.1% this week – worst week since March 2009
  • Financials lowest weekly close since Oct 2014’s Bullard lows
  • Biotechs lowest weekly close since Feb 2015
  • Investment Grade Corporate Bond Spreads worst since June 2013
  • Treasury Curve (2s30s) flattened 6bps today – biggest drop in 2 weeks.
  • JPY strengthened 2.4% on week against the USD – strongest week since August 2013 (up 4.5% in 3 weeks) – major carry unwind!

I wish I could tell you that things are going to get better, but I can’t do that.  There are some giant financial bubbles that are starting to unwind, and this process is going to take time to fully unfold.

And this is truly a global phenomenon.  Chinese stocks have been crashing horribly, Japanese stocks just had their worst week in over a year, Canada and much of South America are plunging into recession, and Europe is probably in worse shape than everyone else if you look at the fundamentals.

Even though U.S. stocks have already fallen substantially, the truth is that they easily have much farther to fall.  Yale economics professor Robert Shiller believes that we could actually soon see the Dow plunge all the way to 11,000

In what amounts to an ominous message for Wall Street, Robert Shiller, a Yale economics professor and author of Irrational Exuberance, doled out some serious bear talk this morning.

Shiller told CNBC Thursday morning that “this is a dangerous time” for the stock market.

Shiller, who has a reputation for calling market tops, warned that the Dow Jones industrial average, which closed Wednesday at 16,351, could fall as low as 11,000, a potential drop of more than 30% from current levels.

At the moment, the Dow is sitting just above 16,000, which is an exceedingly important psychological level.

If the Dow breaks below 16,000 and stays there for a few days, it is quite likely that full-blown panic will set in.

And once we see the Dow dip below 15,000, people will be going insane.

Another key indicator to watch is the VIX (the CBOE Volatility Index).  If you are not familiar with the VIX, here is  a pretty good definition from Investopedia

The ticker symbol for the Chicago Board Options Exchange (CBOE) Volatility Index, which shows the market’s expectation of 30-day volatility. It is constructed using the implied volatilities of a wide range of S&P 500 index options. This volatility is meant to be forward looking and is calculated from both calls and puts. The VIX is a widely used measure of market risk and is often referred to as the “investor fear gauge.”

Right now it is sitting at 27.80.  If the VIX rises above 40 and stays there, that will be a major red flag.

We have entered “the danger zone“, and events are going to start moving very rapidly now.  If you have been listening to the warnings, you are going to understand why things are happening and you are going to know what to do.

Unfortunately, most people are going to have that “deer in the headlights” look because they will not understand what is happening and they will be frozen by fear.

Stay tuned to this website and to End Of The American Dream because things are about to get very weird and I will do my best to explain them as the coming weeks and months play out.

So what do you think the rest of September will bring?

Please feel free to join the discussion by posting a comment below…

  • MichellfromTheEconomicCollapse

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

    Published 6/25/2015.

    119 days until 12/31/2015.

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

    ——————————————————————————

    By Michael S, on July 31st, 2015.

    “And I kind of appreciate the countdown. It reminds people of my warning, and perhaps it will give some readers a renewed sense of urgency.”

    Posted my Michell NOT Michael

    • Tim

      Ha! I love it, Michael. Very clever.

      • MichellfromTheEconomicCollapse

        Of course it is NOT Michael. Last day for Alwaystomorrow so I thought I would have a little fun.

        • Bubba Johnson

          I LIKE IT.

          • Guest

            Like what?

      • Tim

        Michael, you may delete my comment if you wish.

      • Guest

        Love what?

  • Enrique R. DéZuardí

    QE4 will kick in…
    and its back to the Day 1.

    • Guest

      If Michael up voted your comment, as he did, why does he think that the market will continue going down. A little QE will boost it right back up, correct?

      • fwalker15

        You may want to educate yourself on the term Liquidity Trap

        • Guest

          Done.

          • fwalker15

            Good work. Still think lowering interest rates will help the broader economy and ultimately stock prices? :)

          • Guest

            Keep talking. I learn slow but I do learn.

          • fwalker15

            :)

  • Bubba Johnson

    MADNESS

  • G21

    If the stock market was healthy, if the economy was healthy, why is the Dow -2200 from its high? Why hasn’t it recovered to within 200-300 points from its high?
    Think long and hard before investing any money in this Pit.

    • fwalker15

      A words of wisdom why US Treasury Bonds are within 1.5% of the 52 week high?

      • Guest

        Almost no one here wants any opinion that differs from that of Michael’s. Everything is here revolves around “the end”.

        So many people have put so much of their lives and time and effort into preparing that they can not accept that they may be wrong.

        • fwalker15

          Surely they’re used to it by now with all their obvious previous failures.

          • Guest

            No, because they are looking at things and seeing only what they want to see.

            Everything is looked at from the perspective of “How can this support the theory of collapse”.

          • fwalker15

            A collapse does seem probable but not likely imminently. I expect a 30% decline minimum sometime in 2016. Although the seven year super natural voodoo cycle and the related misconceptions of the data points they rely on seems ludicrous and provides great comedy. That said, the market cycles and related dynamics along with the coinciding economic business cycles both foreign and domestic do suggest significant uncertainty ahead but not likely to lead to the end of civilizations as they suggest and again very unlikely in September. Seems more prudent to look for quality investments as they overshoot on the downside just in case civilizations do survive …just a a hedge in case their Ouija boards misled them…again.

          • Guest

            Agreed but if a 30% + or – drop in the markets is all they were worried about I do not see how stored food, water purifiers, vitamins, generators, seeds etc. will help.

            The fear goes much deeper than just in the markets.

          • Bubba Johnson

            Some preppers prep for different reasons. Weather Storms started me prepping.

          • G21

            The election of Hussein Obama started me prepping.

          • fwalker15

            That comment speaks volumes loud and clear.

          • VigilanteCaregiver

            And a lot of other folks too.

          • fwalker15

            That does make sense and I do the same but to cower in fear of a supernatural event that manifests itself in financial markets every seven years and the belief that this time will end civilization is ludicrous. The idea of spend time with family was nice as well but the belief that they’re all about to perish and the stock correction is a sign of that is even more absurd.

          • Bubba Johnson

            But thanks to the FED this could be the big one Elizabeth.

          • fwalker15

            I don’t think many realize the seriousness of the 2008 event and the amazing save the frb pulled off and have near flawlessly navigated the USA through in spite of the fiscal policymakers missteps along the way. Regardless of that maybe you did not notice the chairwomans prudent warnings to unsophisticated investors ahead of the intended monetary policy changes. Make no mistake about it the have done some brilliant work whether you choose to acknowledge it or not and the likelihood of the imminent collapse without as they say here an epic earth shattering exogenous event is near zero.

          • Gay Veteran

            the FRB gave savers the shaft with over 90 months of zero interest rates, all for the benefits of the Big Banks and Big Government. and the fact they haven’t raised interest rates during the “recovery” is yet more proof there has been no recovery.

            4 words killed capitalism in this country: Too Big To Fail

          • VigilanteCaregiver

            The attribution to the Shemitah, in my view, is legitimate to those of that branch of theology, but arbitrary in my faith. However, there is an established precedent within financial market’s historical records of having peaks and valleys. The idea that this valley will “end civilization” is what some may claim. They do have good evidence of it with inflationary spending and other debt issues. And calling it supernatural is absurd considering the preposterous theories put out by Darwinian and Neo-Darwinian cult figures (Richard Dawkins beliefs of Panspermian seeding or Michael Ruse’s idea that evolution started on crystals). The Shemitah has history and empirical data attached to it: Darwinian Evolution only has “what survives, survives” as it’s only link to practical sciences – which tells us nothing of further value! That’s it: what survives, survives! It’s not a theory! It’s not even a hypothesis.

            Serious scientists still use measurable, replicate-able scientific methods to explore the world around them; to provide data a physicist and mathematician can disseminate, something of substance an engineer can design from, and then technicians can craft products of. The only thing your side seems to use the new scientific model: 1. Generate theory based upon government grants; 2. Carefully craft experiments to “prove” theory is valid; 3. Write algorithms to automatically adjust data to meet government expectations; 4. Publish papers renaming theory a “hypothesis” and pretend you used a legitimate scientific method; 5. Hide data and refuse to honor FOIA requests; 6. Pillory, demean, and Alinsky real scientists and claim “the science is settled and beyond question” and that “everyone knows it”

            For most folks, the fact that we are now governed by a minority of radicals, deviants, usurpers, and outright insurrectionists – all of which declare the majority of their fellow citizens “terrorists” and “enemies to their state” is enough for the majority to believe their civilization is ending. The minorities ideals (your ideals) cannot sustain a functional civilization. This is proven in historical evidence and current events. No amount of delusional pride or hubris will overcome the evidence we are witnessing!

          • fwalker15

            Other than volumes of cut and paste rhetoric the basic point is the seven year cycle theory is fiction. As far as it coinciding with traditional business cycles the fact is they average 69 months or just under six years. But for the supernatural believers just invert the Nin and there’s three sixes in the sentence. Surely your kind can find a doomsday sign there somehow.

          • VigilanteCaregiver

            I don’t see a doomsday sign. I see cycles. And as for all this leading to the “end of the world”; no, I don’t see that.

            I see a major, and I mean major, reset coming. Traditional and time-tested norms in economics, social standards, and even culture come back when your lot’s destructive works finally reach apex. As I said before: deviants, usurpers, insurrectionists, and such are not capable of operating a functional civilization. Right now we’re in an economic collapse: Overburdened welfare state, marriage is bastardized, loss of wealth, science is a religion, civil unrest, and “demographic winter” is here.

            What will happen is many folks will revert back to what worked before and abandon all the P/C garbage and cultural rot. The seeds for this are sprouting now. I expect this collapse to end within my lifetime.

          • Gay Veteran

            marriage was bastardized when you people started divorcing in massive numbers

          • VigilanteCaregiver

            Mormons have the lowest divorce rates internationally – your argument is invalid. Did USDA ever find you for code of conduct violations?

          • Gay Veteran

            “Mormons have the lowest divorce rates internationally – your argument is invalid….”

            did I say Mormons? no

            “…Did USDA ever find you for code of conduct violations?”

            oh I forgot, in addition to your duties as resident troll you are also an expert in government ethics

          • VigilanteCaregiver

            I thought this was already hashed out… Do you ever listen, or even understand normal syntax?

            You said, “marriage was bastardized when you people started divorcing in massive numbers”. That phrase: “you people.” I am strongly aligned with the Church of Jesus Christ of Latter-Day Saints – you very well know this; not republican, not conservative, not libertarian, not progressive, not member of the meat packers cooperative… what am I supposed to glean from this comment of yours? Be specific in your derision’s or it’s invalid.

            Am I an expert in government ethics rules? I don’t need to be an “expert” to understand it. You have absolutely violated their codes of conduct – the evidence is in both our posting histories. You need to be disciplined as I will not tolerate my government employees to troll and harass their employer and benefactor: the American people. And if you lied again, and are really not a government employee; that also is against the law and you can face charges for that.

            I don’t expect you to actually face charges as government likes usurpers, sexual deviants, and insurrectionists. But, you will have to face it later during reconstruction – if you survive the collapse. Homosexual males have a life expectancy of 45 years: suicides, STD’s, homicides, etc. much higher as a population percentage compared to the national numbers. Not my words: citing CDC, UNWHO, several states Departments of Health; you got a problem with the numbers then bring it up with them.

          • Gay Veteran

            you people = you Christians

            “…Am I an expert in government ethics rules? I don’t need to be an “expert” to understand it….”

            In other words you don’t know what you’re talking about, but that doesn’t stop you from lying about me.

            “…I don’t expect you to actually face charges as government likes usurpers, sexual deviants, and insurrectionists. But, you will have to face it later during reconstruction….”

            there you go yet again with your threats of violence! using those Alinsky tactics again?

            “…Homosexual males have a life expectancy of 45 years: suicides, STD’s, homicides, etc. much higher as a population percentage compared to the national numbers….”

            and yet I’m in my late 50s.
            suicides? yeah, some can’t handle the bigotry and especially the rejection by family.
            homicides? yeah, and not that long ago murderers of Gays often went unpunished.

            American Christians don’t have a clue about persecution.

          • You don’t seem to be the same fwalker15 than before, your tone has really changed. I prefer you like you are now, not condescending on others but just sharing your knowledge with respect to other. Thumbs up for that. And I learn few things on the way, see it’s helpful just avoiding to take others as basic morons 😉

            This being said, as you I fully agree that a collapse is certain but not imminent, simply because a collapse takes time to unfold – which is why I prefer to use the term Crash for something imminent than a Collapse (way longer).

            On that point I believe a Crash is imminent, more than the simple and normal correction you speak about generally.

            Well, if you read some of my other commentaries you know already I’m not into “doom and gloom”, and “the end is imminent” kind of thinking. I enjoy life, take things as they come, preparing yes, but not for the blood bath a lot seems to think about. It will come surely, but not yet… countries like China, USA, Russia are “big machines” taking time to fall apart, but once the momentum is there it could become unstoppable…

            In any case, thanks for your insight… beside some of our disagreements :-)

          • fwalker15

            No problem on the disagreements. You seem like a good guy and its all in good fun with me busting peoples chops online. Believe it or not in may June and July at the highs I might have been the most bearish and negative on the markets on the CNBC blogs everyday busting the bulls chops. I’m just positive on the markets until the end of September mostly because of seasonal dynamics as mutual funds 3rd qtr ends and reports at end of September and a lot of fund manages year end bonuses will likely be influenced by that as well. The fact is China is taking full advantage of those dynamics as well and lightening up on bonds so frb is likely leaning on stocks to push $ closer in the risk curve out of stocks into bonds and I think that may ease anyway forget all that mumbo jumbo for now don’t get me wrong I’m as bearish as anyone else maybe more than 99% but I think we bounce up sharply by end of September and don’t collapse just yet… but I could be wrong too …the trick seems to be hedge in every direction. Diversification the only way to eliminate (financial) risk.

          • Contrary to what some could think I’m far to be anti-Stock or anti-Wall Street you know. I’m focusing on the new tech and some commodities (mostly land), but I do not see the landscape ripe yet (for me personally) to invest in those new tech stocks. by new tech I’m not speaking about Twitter or some of the same kind, but more about Graphene, Nanotech directed company. Land is want I buy now.

            For the moment I don’t really feel good with the landscape and I’m clearly not ready to leverage myself to buy some stocks. My moto is simply that “If you don’t feel it, don’t do it” – If I go against that feeling (probably my own gut feeling) I’m pretty sure I will make wrong decisions – others will feel this the perfect moment to invest, I assume that we all have our “zone” :-)

          • fwalker15

            You might be right about the markets risk level. It seems you have a rational plan as well. I’m was just busting your chops. Good luck you seem like you know what you’re doing :)

          • jaxon64

            That is probably because FWalker is having a conversation with himself and scripting it as if he is having a discourse with a separate commentor.
            The “guest” is also FWalker–the dead giveaway are the rapid responses and multiple responses–he makes a comment as himself and then posts as “guest” to support his point of view and condescension of anyone who believes that we are in for a big reset of some sort…..
            Anyone can do this same thing with when posting with disqus–then logout and post as a guest–then log back in and post a reply with disqus again–and so on.

          • Could it be?

            “That is probably because FWalker is having a conversation with himself” or could it be “Lets do a count down every day until the end of 2015 and see just what happens.”

          • For what its worth

            The crash did start in 2008.All the funny money ,easily made digits, and fudged numbers have blinded most from seeing.When a man could buy a average home 100 yrs ago for 136 ounces of gold and he could buy one now for 136 ounces of gold.100 years ago that was around 3,500 dollars today thats around 178,000 dollars.The home still serves the same purpose and so does gold.I will tell you when this will be over its real simple.WHEN PEOPLE NO LONGER BELIEVE.That is what is required for any of this to work.The market, money,credit,and you can fill in the rest.The 1 ingredient that separates a trick from magic

        • alan

          This is the economic collapse forum, people that are worried about an economic collapse come here. Maybe you need the economy is magically great forum on CNBC.

          • fwalker15

            The economy is always magically great for the educated and everyday is doomsday for the uneducated. CNBC won’t explain that to you but I will.

          • LIZ THE SHIZ

            you sound like Larry Kudlow don’t you hmmmmmmmmmmmm??

          • George

            That is because you are all ; ” ed – yu – muck ‘- kate ‘ – ted ” , f o o l s “

    • G21

      Once again I hid fwalker15’s reply without reading it, and I urge everyone to do the same.

      Annoying jerks don’t deserve any better.

      • Guest

        I consider you one of those “Annoying jerks”!

        • Guest

          Why? I find his G21’s comments insightful.

          • Guest

            That is what makes us different. You have every right to your opinion as I do.

        • G21

          Imagine my chagrin.

          • Guest

            Who the hell uses that term any more?

          • G21

            Anyone with a vocabulary higher than 2nd grade.

          • Guest

            Even more of a reason for you to leave that comment alone.

          • G21

            Do big words confuse you?
            Chagrin:
            noun
            1. Distress or embarrassment at having failed or been humiliated.

          • Let_us_reason

            Lol, nice one 😀

          • smooze

            Thank you! I like to use them $5 words too, much to the chagrin of whomever is listening.

          • George

            Just because its ” obsolete ‘ , does not mean he cannot use it ‘.

    • Guest

      Investors are starting to see the lies in government reporting. They expected a jobs increase of 220,000 and unemployment at 5.2%.
      But somehow, it’s 170,000 and 5.1%. How did unemployment go down more when jobs didn’t go as much as they expected. It’s because they are fudging the numbers.

      • Mike Smithy

        What the assclowns at CNBS never tell their audience is that the US economy needs to generate approximately 235,000 jobs every month just to keep pace with those Americans eligible to enter the workforce. We are not even treading water.

        • Bob332

          BINGO! 94 MILLION NOT in the labor force and it’s ONLY 5.1% unemployment. Don’t believe ANYTHING from this Regime!

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          • Old Nam vet

            Kelly Richards: I see you haven’t given up yet. Hoping for a few suckers from here?

          • Mike Smithy

            How long have you been an internet hooker?

          • John Gates

            Most people are completely ignorant to just how bad the situation is. The numbers are completely manipulated, 5.1% of the people are getting unemployment benefits, and they use that as the unemployment number it’s insane, and most of the jobs being added are menial retail jobs not long term careers. We’re in a sorry state in this country.

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          • Itanimullikcuf

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            Jobs367 is a scam internet domain full of viruses and trojans.

        • autofixer

          That used to drive me crazy too until I started to not give a crap.

        • Ben

          We bring in well over 120,000 immigrants a month, most of whom are eligible to work. We need to drastically reduce that number.

      • don’t_take_things_forgranted

        Not only are they fudging the numbers but if the unemployed are on unemployment too long they are kicked off. I can’t remember how long people were allowed to be on unemployment before it expired. I remember during the 2008 collapse they kept giving extensions. There are most definitely more people unemployed than they are reporting!!

        • fwalker15

          16 weeks discouraged workers. That methods been in place since mid 1990s

        • autofixer

          They find a way onto SSDI, that’s where they go.

      • old fart

        Once the unemployment checks stop they drop off of the count and enter the no count zone. According to several indications our Unemployment is around 26%. Just about it was during the great depression

      • Hyrlebaotz Tmsvoktkej

        What’s happening is that more and more people are leaving the labor force, and by government definitions, a “non-employed” person doesn’t count as an “unemployed” person, and an unemployed person has to be one that is actively looking for work, as opposed to being discouraged.

      • afchief

        Everything out of this government is a lie. What’s sad it there’s still brain dead liberals who support and believe these idiots.

        • Gay Veteran

          just like there were brain dead conservatives who believed Bush the Stoopid
          democrats = republicans

          • George

            Hey ‘; Queer ‘ ; go back to your closet , where you were always kept ‘.

          • Gay Veteran

            hey pig boy, go back to your sty

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    • SunnyFlaSnotress

      I see it more as an ebbing market than an unhealthy market, and that the high tides and low tides are a normal part of the cycling. Overly high valuations and excessive margin always present a risk, but I don’t see the overly high valuations in the market..Excessive margin created the Great Depression market crash, but I don’t think standard margin is so much at play here as the derivatives market.. it’s more on edge due to global economic financier pending black swan events.
      It’s easy to shake one’s finger and say “up-good” and “down-bad” and “big points down-very bad”, but that’s a bit superficial.
      Michael was wrong about the Greek Deal. He was wrong about widespread summer racial riots. And he will be wrong about a September crash.

    • John Pozzi

      Global Resource Bank (GRB)

      The GRB settles the world’s public-debt.

    • Janis Cannon

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  • MichellfromTheEconomicCollapse

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

    Published 6/25/2015.

    119 days until 12/31/2015.

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

    ——————————————————————————

    By Michael S, on July 31st, 2015.

    “And I kind of appreciate the countdown. It reminds people of my warning, and perhaps it will give some readers a renewed sense of urgency.”

    **This is NOT Michael it is Michell**

  • MIchael in Chicago

    I tried to explain to one of my co-workers to get his 401k into cash but he is going to ride the wave, again. I told him he could lose up to 40% of what he has in but he refuses to listen or believe. Whatever I wish him and others like him all the best. For some people there really is no hope.

  • NARENDRA MODI KING of WORLD

    and thus begins the Asian Century lead by HIS EXCELLENCY SRI NARENDRA MODI

    • MIchael in Chicago

      I had high hopes for Modi and invested in the India market just before he took office. Much like Obama Modi gives good speeches but has no policy or plan to take the country in a better direction.

  • MIchael in Chicago

    Zero Hedge has some great articles detailing all the market manipulation taking place from the Plunge Protection Team in America and China. Japan will be front and center in an article or two next week as full blown panic continues as stock owners sell large volumes. So 2015 might not see a collapse in the Dow like some are calling for. It might just be a slow bleed that does not kick off till next year. Should QE in America start that might help slow things down for awhile or it might just be the global wake up call the Fed really is the problem and that the markets are in a bubble. Time will tell I suppose.

    • Guest

      “So 2015 might not see a collapse in the Dow like some are calling for.”

      You should check out Gregory Mannarino’s work. He has both a Youtube channel and a blog on Seeking Alpha. He was a floor trader on Wall Street for a number of years. He’s predicting that a crash in U.S. markets is imminent.

  • K

    Well you hit that one out of the park. Excellent article. All I can add is the shortage of silver. At least at the retail level. Just adds to the evidence, you have already provided.

    • MIchael in Chicago

      I read something about about gold and silver Eagle sales from the US Mint being through the roof yet again last month. I still prefer Panda’s and Lunar coins.

      • K

        What you heard is correct. You might want to consider, the Austrian, or New Zealand coins. Much less of a mark-up.

        • fwalker15

          IMHO if you’re looking for the least premiums maybe the Krugerrand for au and the Venezuelan Bolivar for ag jmho

          • K

            Silver is all I hold. However the Bolivar sounds interesting. Any company you recommend, that carries it?

          • fwalker15

            No but they’re 90% and if you look you can sometimes get them below the melt value :)

          • Guest

            Does it matter what form the silver is, coins, bars, rounds etc?

          • fwalker15

            I think no but if can get good coins near the melt value – near spot- then sometimes you can flip them or trade up to people willing to pay up for numismatic values and sometimes key dates slip through lazy dealers :)

          • K

            In my experience there is a difference. 1 ounce up to 10 ounce there is usually no assay fee. At least with the people I have dealt with. The heavier bars, always tend to get an assay fee tacked on.

          • victor

            Hey Devil Dog, got that book by William O’ Neil today. Will check it out, Thanks for the help.

          • fwalker15

            You’re welcome. If you learn that and stay disciplined to those principles I think your probability of success is very likely. If not and these online warriors are correct I’m sure you already know how to locate close with and …. by …and maneuver or repel the …. by … and …. …. :)

          • victor

            Do You follow Martin Armstrong?
            I started to read him about 5 months ago, as some one told me about His blog.
            I enjoy what he writes, and like how he backs it with history, and data.

          • fwalker15

            No but I will scout it out :)

          • victor

            I’m surprised You haven’t with the knowledge You have. But like they say, You learn something new every day.
            Armstrongeconomics.

          • fwalker15

            Thanks I’ll research it over the weekend you quiz me on it by Monday :)

          • victor

            Will do. I think You will enjoy it even more, because You will understand and can relate to what he is talking about, with the markets.
            Even though some of these people think You are harsh, I believe You know what You are taking about.
            Just like being in the field, or learning your training from a book, it’s when You apply it.
            Like when a military chopper flies over head, I never forget the sound, or the experience. To understand, You have to live it. Semper Fi….Proud to be a Grunt.

          • fwalker15

            0311/0341 :)

          • victor

            No wonder there was something that clicked with You, 81 mortar man.
            Bi pods, base plate, and tube, great carrying while humping!!!
            25 mile hikes!!!!

          • fwalker15

            60s here. :) lot of humping from CTA to Schwab you know where that is? :)

          • victor

            KinVille

          • fwalker15

            Skinville :) henoko here :)

          • Harbinger

            0311 ground pounder, now that puts it all in perspective.

          • victor

            Was there twice, 2 tours overseas, from Nov.-April. Two 6 month deployments.
            Even went to Kadena to go eat on them cloth covered tables on Air Force base.

          • victor

            So were You in Recon?

          • fwalker15

            I ain’t that gungi :)

          • victor

            Were You at Pendleton?

          • fwalker15

            Just for transit from ITS at lejeune going to Okinawa we stayed like 5 days went to tj :)

            I been to 29 stumps for 3 weeks too :)

          • victor

            Went to Philippines, might over throw Marcos at the time, went as peace keeping force. Nothing happened, so just did some training.
            We went from Mount Fuji, cold weather training with snow to the Philippines, and than back to Fuji.
            Did You do any West Pacs?

          • fwalker15

            I went to Fuji cold weather training too walking on crazy crunchy volcano ash:) and kwonset huts :) and the train to Tokyo :)

          • victor

            This is too crazy, we got to go to, Tokyo. Seen some temples, they had cherry blossoms flowering at that time.
            That’s one thing about Japan, they had good rail systems.

          • fwalker15

            Yup and they had McDonald’s. Hey I went on one Denmark Germany Scotland England too and a Caribbean :) It all sucked though all you see is the inside of amtracks or humping what a nightmare :)

          • victor

            Who would of thought looking forward to going to McDonald’s? We did.
            One thing I did like about Kinville, loved the fried rice and the Yakisoba.
            Did You go to the other places while in the Corps?

          • victor

            Hadn’t heard that word in some time.
            I was at San Mateo, base closest to San Clemente.

          • fwalker15

            Same here 6 mo twice and been to kadena chow hall too know exactly what you’re saying. Least at Hansen and kadena they had wm’s etc. Not one at Schwab :) you been to camp mu chuk ? Know there that is? Pohang? :)

          • victor

            Team Spirit..1983
            First time out in field, 30 days straight, helmet showers, in Korea.

          • fwalker15

            I was there then :)

          • victor

            ROC Marines, did some repelling with them. They could move pretty fast, most were skinny and not as big as Americans were, not as stocky.

          • fwalker15

            Yea Mountain warfare and tae kwon do I tell people all the time ROK marines hit the marines and their bones break they don’t eat meat and potatoes 3x a day like marines. They never eat meat. How about the dogs in the “restaurants” know what I mean? That was unreal

          • victor

            I had seen they ate a lot of rice.
            I guess that good old American capitalism, at least got us some meat and potatoes. lol

          • fwalker15

            And kimchi. They sure guard that steel mill u saw that ?

          • victor

            Loved the bath houses after coming out of the field.

          • Gay Veteran

            victor = fwalker15

  • AshleyA

    The VIX is probably just another number the government will “fix” so why pay any attention to it?

    • Kurt

      Lol exactly

  • Kurt

    Great observations, as usual. The FED is running out of rabbits in their hat. It’s become a joke watching all of the fake numbers coming out of Washington month after month. And I am amazed that the frozen debt clock doesn’t get more attention. What, 175 days the debt has stopped because we legally cannot exceed the debt ceiling? And QE4 looks to be the best short term option to keep Wall St from imploding? Lol, yes we are living in truly epic times.

    • Guest

      Epic and unprecedented. Michael’s 2 favorite words.

      • fwalker15

        Those phrases are accurate. The issue seems more of the timing and the misinterpretations of the obvious price action signal. The two favored words for this blog are undereducated and overreacting.

        • Guest

          That was directed at Kurt who seems to like using Michael’s trademark works to build comradery.

          • G21

            C-A-M-A-R-A-D-E-R-I-E

          • Guest

            Comradery is the spirit of friendship and community in a group, like the comradery of soldiers at war who keep each other upbeat despite the difficulty of their circumstances.

          • Bubba Johnson

            Not to be confused with Comrade.

          • Guest

            Or cucumber.

    • G21

      Here’s a rabbit that China pulled out of its hat:
      China recently sold $100,000,000,000 of US Treasuries. Before they did so, they devalued the yuan by 5%, so they garnered an extra 5% off the sale, or $5,000,000,000.

      Too bad Hussein Obama, the illegal-alien muslim, can’t come up with anything like that.

      • Kurt

        I saw that, lol. Great point.

      • fwalker15

        Obviously you don’t know the potus function is fiscal policy not monetary policy that is the frb. Why am I not surprised that you had no clue of that nor the difference?

        • CASTIEL

          so you think everything is ok? you think obama is a genius and a person who deserves a nobel? its a fact that china is selling us dollars and they devalued the yuan….dont understand why you criticize him…..

          • fwalker15

            When the u.s. devalued the dollar 20% they were saving the world. When e.u. devalued the euro 15% it was to spur growth. When Japan jgb devalued the yen 12% it was to stabilize their economy. China moves 2% its (currency) war!!! For people to claim to discount mainstream media they sure have you duped. The issue of Obama and Nobel peace prize seems like a personal issue but on that remember Hitler was nominated for that too so I don’t give that much weighting either way.

          • CASTIEL

            They can devalue every single currency in the world…but that wont work….what makes economy moving is the power that every single person in the world have to buy…..if uneplyoment grows in almost every country in the world beacuse every smal medium and even some big company struggles to survive….and salarys are decreased so that companies could continue to operate….government of varoius countryes increases taxes to everyone..( like greece could cause the effect domino in europe…and i think they will not suceed to get out of that situation)….so people have less money to buy things…..in that way companies cannot sell all of these products….and the problem is that s not a problem of one country…but worlwide…..so is difficult to increase exports…..ofcourse there are still companies making money…….but i believe we are in a situation that every day becames worse…..and we live dangerous times like the deja vu of ww 2…but this time this war will be the mother of all wars.

          • fwalker15

            Those are valid issues but like in the my cousin Vinny movie about the mother of all wars…how can you be so sure? :)

          • CASTIEL

            Like Eintein said : the stupidity of human being is infinite……this actual financial war that we live can lead to a military war…….the price of oil decreased to attack russia because 40 % of their budget cames from oil …the sanctions by the EU and US and so long…they push and push to the inevitable…and Putin will not stay put….. the situation in Syria and the most important Ukraine….We all know who provoked the Russians by Kicking out the president that supported the Russia as an ally….and put another one….I hope i m wrong about all this…..but if ww3 happens this time the atom bomb or the Emp can be used….if hitler had in is possession these weapons …..i m sure that he had turned the world on fire

          • fwalker15

            Maybe research Shanghai Cooperation Organization I don’t think anyone’s going to go for it anywhere except “small or conventional skirmishes” everyone knows the consequences. Then again I may be wrong….

          • Steve Lukas

            Hey genius….you will be wrong ..
            The book of Revelation tells us WW 3 will
            happen before Armageddon.

            Your time is running out to get right with
            the Lord…
            Eternity is a long time and you do not want
            to be told to depart from His presence to
            the pit forever.

            Your choice now dictates your eternity shortly.

            If you really are an investor do you not realize
            ” you reap what you sow” ?

          • alan

            Hum…so lets devalue another 80%, that should solve all our problems I reckon.

          • fwalker15

            Roflmao

          • Gay Veteran

            guess that worked out for Japan, eh

      • hadenough

        Silence!

        • G21

          ‘Smatter? Can’t handle the truth?

  • Bubba Johnson

    Been fun, gotta go for awhile.

    • fwalker15

      Sayonara

    • VigilanteCaregiver

      Good luck, mate!

  • CASTIEL

    Do like me never invest in stock market…..screw the system….screw the government…screw this stupid society…..screw capitalism…..always the poor workers who gain a miserable salary while the others that do nothing and gain millions……the last laughing….have the best laugh…ahahah down and down they tumble

  • had enough

    Jesus even said that we will always have the poor, so I imagine we will always have the rich and the inbetweeners too. People getting really uptight all about “there/my stuff.” Beatles wrote a song called I Me Me Mine. God owns all the money, the land, the universe, the minerals on all those gazillions of asteroids, and on our little pea planet. There is so much gold in Heaven, in fact the great city is made of pure gold. Gold, silver, money, cars, houses, friends, plus more is no problem for God. Let it go folks.. whether we live or die God is with us!

  • had enough

    In fact it is God who gives us the ability to make money. See you thought it was all your great wisdom—nope

  • had enough

    God loans us things. Have you seen a Hearst pulling a uhaul lately?

  • Mike Smithy

    Although many of us were early in our predictions we are not wrong in our conclusions. For nearly a year now, I have tried relentlessly to warn my brother about the pending collapse and to get out of the stawk market. My advise was obviously not welcome. I asked him the other day if he was going to ride the DOW to under 10,000. He looked at me incredulously and was confident that it will be back up by X-mas. It’s obviously none of my business and it’s his money to lose. However, I feel sad that a lifetime of saving and living a thrifty life will be stolen out from under him by the criminal bankster class.

    • fwalker15

      Those adjectives and rationalizations suggest more of an emotional view rather than critical analytic view. Obviously your net worth suffers along with that.

      • Mike Smithy

        What would you know about my net worth? Since you like making unfounded presumptions, I will presume that you are obviously a Kool Aid drinker.

        • fwalker15

          Through my m17a1 :)

      • VigilanteCaregiver

        Okay, Mike wasn’t using rationalizations or adjectives. He was reciting an anecdote emphasizing empathy for his brother.

        When using “big words” to malign anothers comments at least use correct ones.

      • Gay Veteran

        so how much do the banksters pay you to troll here?

  • jhowell882

    and those same people had that same deer in the headlights look after 911 happened and we know how that one came out

    • victor

      What do You mean, how that one came out?

  • John C

    The inverse ETF’s for China have done amazingly well. As the US market crashes TZA and other short ETF’s will do great. Doom and gloom my butt, this is an amazing opportunity.

    • fwalker15

      I trade tza and uvxy almost everyday. Now while markets are down and bonds are pushed higher maybe look at TMV and SBND and China low YANG 3x inverse is up YINN seems way down and energy low UWTI 3x oil bull or UGAZ 3x nat gas or ERX 3x oil service companies or USLV 3x silver. That’s not advice. I never give legal tax or economic advice or services. Consult your professional for that. :)

  • max gon

    So what if the stock market crashes. It had happened in the past several times and it will continue happening in the future. That’s the nature of this gambling pyramid. But, still we find a way to survive and keep on with our daily routines.

    • Harbinger

      Your theory is rational to a point: however, to say that it will continue to happen in the future is illogical, based on principal alone.

      • fwalker15

        If you knew the definition of crash and how markets function then you’d immediately know he’s correct and who is irrational and illogical.

        • Harbinger

          Thank you for explaining your point of view.

  • Harbinger

    Today is only the 4th of September. By the end of this month the Dow will be down more then 1,100 points and that is being conservative. We will see a terrible atrocity on U.S. soil which will further add to the mehem. I wish I was wrong because being right in this situation does not help anyone. You don’t have to believe a word I say and you can write me off as delusional but, whatever you do don’t say you weren’t warned. Enjoy the long weekend and spend time with family and friends.

    • J.L.W

      Dude, who ‘likes’ their own post?

      • Harbinger

        I often wonder why the pettiness in people always shows its arrogance when they have nothing to contribute. Does it make you feel better about yourself.

  • alan

    I have been waiting for Silver to drop more and it hasn’t! I keep hearing commodities will tank and they will start paving the streets with PM’s.

  • Preacher62

    Psalm 27 :1 The LORD is my light and my salvation—so why should I be afraid? The LORD is my fortress, protecting me from danger, so why should I tremble? 2 When evil people come to devour me, when my enemies and foes attack me,they will stumble and fall. 3 Though a mighty army surrounds me, my heart will not be afraid. Even if I am
    attacked,I will remain confident.
    Seek ye first the kingdom of God and his righteousness and God will give you whatever you need. Any entity or system that crashes, sinks, collapses or implodes only affects those who happen to be riding or depending on that system or entity. Leave it all behind and follow Jesus instead. God Bless.

    • Harbinger

      Your words have a hint of truth to them but, didn’t the Pharisees claim the same thing? The reality is that today’s church is nowhere ready to be the becon of hope that they were intended to be. There is so much arguing about who is going to be in control rather then letting God be in control. How many times did Israel rebel against God and every time something tragic had to occur to bring them to their knees. God’s goal is always reconciliation. With that said we have to give people a way back without beating them over the head with scripture. It’s easy to make converts but, it is much harder to make disciples. If Jesus was walking the earth today, He wouldn’t be in church.

      • victor

        I agree totally. Preacher means well pointing out of our Savior, we need to grasp hold of.
        I believe we will see a shaking for believers here as well, as things continue to get rocky, spiritually and financially.
        I see many falling away, as the word tells us through Paul and Peter’s direction from the Holy Spirit to warn us.
        Even with this Ashley Madison stuff, I seen a post where they said so many pastors may be on it. One thing, we can never hide sin from the Lord, and He will expose it.
        Most everyone wants “fire insurance,” but You are correct, it’s harder to be a disciple.
        When I first heard the gospel, I didn’t want to go to hell either.
        We fight with this flesh, because it always wants to be the king, that’s our sinful nature, but we know who the true King is and put our hope in trust in Jesus.
        Things are stirring up, and will continue to be stirred up until the appointed time.
        Again everything evolves around Israel, who will always be the apple of God’s eye, because of His promise to Abraham.
        We are truly living in the time the prophets were wanting to see.
        God Bless to all, believer and non.

      • Preacher62

        My apologies if I have offended you in some way, but I must stick to the truth which God has shown me. There is a huge difference between the “church” of today and the True Church. The True Church is the Ekklesia, the gathering of the ones who have been called out of the world. Any church that seeks to remain in the world and live by its systems and/or abide within its entities is not the Church of Christ. Jesus Christ is alive and walking the earth today in the hearts and actions of those who have separated themselves from the world, and he does attend “His Church” every time 2 or 3 gather together in his name. My only goal is to remind those that claim the name of Christ that any type of worldly/financial/natural disaster/crash, need only be feared if one is a part of that which is collapsing. Jesus plainly said that he will destroy this world and everyone/everything that belongs to this world, but those who no longer belong to this world but rather belong to the kingdom of God have nothing to fear.

        I would also submit that a convert is not a convert until they are a disciple. That is why Jesus told us that the gate that leads to eternal life is very narrow and few there be that shall find it. The broad gate is for those who wish to be converts but have no desire to be disciples. In John Ch 6 we are given a picture of the truth of Christianity and discipleship. Jesus with 12 disciples expanded his flock to tens of thousands of followers and yet when he told these thousands what was required to enter the kingdom, his flock almost immediately returned to just the 12 as the thousands left him and followed him no more.

        The truth does not bring peace and love and unity. The truth brings hatred and division and persecution and even death because those who belong to the world hate the truth. There is no way back without scripture. There is no way back without denying oneself and following Jesus. There is no way back to be found in anything that belongs to the world. These are the things Jesus taught and what he taught is the reason that the world hated him and still hates him and hates anyone who teaches against the systems and the entities of the world. Jesus was not killed because of what he did, everyone loves being fed and healed for free…..Jesus was killed because of what he said.

        • Harbinger

          No need to apologize. The body of Christ, the church, is fractured. Many leaders have led their sheep astray and continue to preach from the pulpit without any conviction. For hose who know the bible they can understand what your message is but, if you are ignorant about the bible or are not a beleiver then telling people that Jesus is going to destroy the world leaves little hope. Jesus doesn’t throw are sins in our face or condem us or threaten to destroy us if we don’t listen to Him. He is gentle, compassionate and caring and will not force us to do anything. We have free will and the choice is ours. It is much easier to lead peoeple to Christ through love and compassion then it is to quote scripture and give the doom and gloom speech. Yes truth is offensive but, when we alienate people with our words how can we expect them to listen to anything we have to say?

          • victor

            Scripture talks about the Lord being slow to anger, and compassionate, loving to all He created.
            At times for me it’s hard to comprehend, but that’s what makes Him God.
            He sees all the garbage that goes on here on earth, few examples, murder, rape, child molesters, child abusers, theft, abusing elderly. etc
            Yet He is patient…
            I would easily smoke them!!!!

          • Harbinger

            Believe me if either you or I was God, I imagine we would have destroyed the earth by now.

          • victor

            And ourselves, lol.

          • Preacher62

            Sorry but I must disagree with you. Love and compassion without the word of God is no longer love and compassion. Jesus is going to destroy the world as he has written and even if we do not live to see its destruction each one of us appointed a day to die and to then face the judgment. This is the message of every prophet of the OT, the message of every one of Christ’s apostles and yes, the message of our Lord himself. He does throw our sins in our face by telling us that we are lost, yes he does condemn all who continue in sin, and yes he does tell everyone who will listen that the wages of sin is death and that all those who continue in sin will be cast into the lake of fire. No, he does not force us. We are given free will to choose him or to choose ourselves and judgment day will be the day when all of creation will know which one we chose. There is no doom and gloom to be found in the scripture unless one refuses to accept it. Jesus alienated practically everyone he ever spoke to, tens of thousands of them, and then told all who sought to be his disciples that we would be hated just the same as he was.
            Love that does not speak the truth is not love. Love that does not offer people what they really need is not love. The watchman that does not warn the city of the approaching enemy knows no love. Love that allows a person to die in their sins, is not love.
            There is bad stuff on the way but even if there is not, every person alive soon after daybreak will be hit with every weapon Satan can muster. The only hope that any of us have is to repent and seek the kingdom of God and his righteousness. If we will do that then no weapon formed against us shall conquer us. THAT is the message of love and compassion, that you can be saved from the fate of this world but you have to want to be saved FROM it more than you want to be LEFT in it. Economic collapse, end of the American dream, earthquakes, famine, floods, droughts or whatever else one might name up to and including the gates of hell itself; none of these hold any power over those who belong to Christ. Be it a meteor, a world war, or just getting hit by a bus, the kingdom of Heaven is at hand for all of us. God Bless
            Matthew 4:17 (KJV) 17From that time Jesus
            began to preach, and to say, Repent: for the
            kingdom of heaven is at hand.

          • Harbinger

            It seems as though you may be a “right fighter”. If you believe that God does throw your sins in your face then I encourage you to study the true character of God.

          • Preacher62

            Had to look that one up. You may be right. This however would seem to suggest that God is all about eventually letting everyone know where they have fallen short.

            2 Peter 2:4 – 10 (NLT) 4For God did not
            spare even the angels who sinned. He threw them into hell, in gloomy pits of
            darkness, where they are
            being held until the day of judgment. 5And God did not
            spare the ancient world—except for Noah and the seven others in his family. Noah
            warned the world of God’s righteous judgment. So God protected Noah when he
            destroyed the world of ungodly people with a vast flood. 6Later, God condemned
            the cities of Sodom and Gomorrah and turned them into heaps of ashes. He made
            them an example of what will happen to ungodly people. 7But God also rescued
            Lot out of Sodom because he was a righteous man who was sick of the shameful
            immorality of the wicked people around him. 8Yes, Lot was a
            righteous man who was tormented in his soul by the wickedness he saw and heard
            day after day. 9So you see, the Lord
            knows how to rescue godly people from their trials, even while keeping the
            wicked under punishment until the day of final judgment. 10He is especially
            hard on those who follow their own twisted sexual desire, and who despise
            authority. These people are
            proud and arrogant, daring even to scoff at supernatural beings without so much as
            trembling.

          • victor

            Check out what I wrote to preacher62, just before this response.
            He does forgive us.
            What is the scripture about throwing are sins as far as from the East to the West.
            We will still always have conviction, because we are His Kids.
            We are in trouble when we don’t!!!

          • Preacher62

            He reminds me of mine every day. That’s how I know what to confess and repent of and to ask forgiveness for.

          • victor

            I just posted to Harbinger,
            John 16:7-5
            The Holy Spirit convicts us, so we can live according to the life He has called us.
            He don’t throw them up to our face, I would say, unless we start having an attitude of the Pharisees, where then He would say,” Cast the first stone.”

          • Preacher62

            Might be semantics here but to me the definition of conviction is having them thrown in my face. When I do something wrong, it is very much like a slap in the face. It is painful and never fails to get my attention. There was a time in my life before I truly surrendered that the conviction became so strong that I really felt like Jesus was including me in the “generation of vipers”.

          • victor

            Good share.
            We need to be sealed with the power of the Holy Spirit, for the day of redemption.
            John 16:7-15

    • df NJ

      You live in an imaginary world. If something only exists in our words, then in reality, it doesn’t exist.

      • G21

        Words are more real than concrete.
        The earth was created by the Word.

        • victor

          Very true, I like that.
          Also Genesis 1:3
          And God said…
          All He had to do is just speak it, and it came to be.
          Amen…. Glory to God in the Highest.

      • Preacher62

        Hmmmm, Why would one comment on something which does not exist? In my opinion it is because that one knows that it exists but lives in hopes that their denial of its existence can in some way make it go away. There is room in God’s kingdom for all including you, if you will but choose. God Bless.

  • guest

    Where is “alwaystomorrow” with his bs?

    • victor

      You miss him already? The nights not over yet, Johnny!!! lol

    • Formerly Alwaystomorrow

      I am done and my disqus account deleated.

      I tried to provide entertainment when I found many of the articles a little “out there” but now fwalker15 is providing valuable information abd I do not want to distract fr Rio m him with my side show.

      • Formerly Alwaystomorrow

        Sorry about that spelling.

      • Gay Veteran

        oh look, another personality for fwalker15

        • Formerly Alwaystomorrow

          If or when fwalker15 disappears I will be back. As I said, with him sharing his knowledge my sideshow is not needed.

          Before fwalker15 was here my countdown was only a distraction from people like you, G21 etc, and that was no loss to anyone. :-)

          • Gay Veteran

            your countdown was not a distraction to me (and most posters here) because I paid no attention to it

  • tom

    The most telling sign is the wealth to income ratio, but the government does not always gather the info on a timely basis. if the wealth to income ratio is above 5= bad times. and with the wages for declining along with home prices going up(b/c of interest rates) we are most likely above a 5 ratio.

  • Lao Tzu

    For Christ’s sake, it is just a few percent off from its ALL TIME high. You cannot say collapse every time it fails to make a new high, can you? The job numbers are still positive. New York and San Francisco still do not look like Detroit.

    • df NJ

      Supermarkets are packed. Cars everywhere. Tons of construction everywhere in New Jersey. It doesn’t feel like the late 90s but it’s certainly not Detroit!

    • G21

      “Job numbers are all positive” lol.

  • Barry Goldwater

    The problem is that the public Wants to believe the financial talking heads on major media outlets one and all advising us to do nothing. Do you know why? Because they’re desperately trying to “up talk” this market before the panic does set in. Do any of them care if your life savings disappears ? Absolutely not , they get paid by these big Wall Street players and they will tow the line right to the end.
    I got out well before this 2200 point drop and glad I did . I tried hard to tell people it was time to pull the plug . No one I knew took my advice. The negative statements will remind them they were warned.
    If you want or need the funds you have in this market get your money now ! Do not wait your time is running out ! Also get cash from your bank and store in a safe place ( not in a safe deposit box ) create your own.
    In a time of crises your cash will become bank property.
    You will find your Mutual Fund, Brokerage or other will generally be less than willing to act on a redemption order , you must be persistent and do not take no or an effort at sidetracking for an answer, it’s your money not theirs.
    Act now.

  • don’t_take_things_forgranted

    It’s sad that things will come to this and a lot of people will be completely unprepared. I’ve had many talks over the years with family. Practically all my family are in denial or can’t afford to prepare let alone are scraping by to pay bills. My Uncle actually told me the US is too big to fail. Most of my family live in suburbs of major cities. I expect most if not all of them to die should things go as badly as I feel they will. All that we can do is prepare the absolute best we can and pray to God. Most of us won’t be as prepared as we want to be, I know I won’t. However, we’ll be more prepared than most if we take action. As my grandmother said “prepare for the worst because if the worst happens you’ll be glad you did but if it doesn’t happen you’ll still use everything you bought to prepare.” Thank you Michael for your blog posts. I’ve been reading for quite sometime and think it’s great your trying to get people to wake up before it’s too late.

    • DB200

      In the fifties Detroit was too big too fail….
      In 1905 Argentina was no. 3 on the list of richest countries …
      Maybe your uncle should do a little research.

      I recognize the reaction of your family. I also met a lot of resistance. I have stopped warning.

      • don’t_take_things_forgranted

        Agreed. Look at Rome, that also fell. People thought the Titanic was unsinkable and we know what the outcome ended up being. History repeats itself so I don’t understand why so many people don’t think we could have another Great Depression.

      • djc

        The Edmund Fitzgerald was the largest ship on the Great Lakes and was considered unsinkable……

    • Joe

      Well despite what your grandmother said I do remember parts of the bible that talk about Jesus wants us to live with hope and optimism ..not fear and despair! Planning for the worst just to be ok if it happens is a horrible, and anti-Christian, way to live! It’s certainly not a heaven and hell issue but it’s not how God wants us to live!

      • don’t_take_things_forgranted

        Proverbs 21:31 Do your best, prepare for the worst-then trust God to bring victory.

        That was in the King James version. In the NIV bible it says

        Genesis 6:21

        “You are to take every kind of food that is to be eaten and store it away as food for you and for them.”

        That was said to Noah about what all he would need in the arc for survival.

        • Gay Veteran

          find that ark yet?

          • don’t_take_things_forgranted

            No lol. But I wasn’t looking for one. I was trying to prove to Joe that it does talk about preparing for the worst in the bible. The bible gets contradictory though so I see where he says it said to have hope and optimism also. Thanks for the laughs :-)

      • victor

        Good reply,
        We got to remember who we really are.
        I keep this scripture on my refrigerator.
        2 Corinthians 3:17-18
        Now the Lord is the Spirit, and where the Spirit of the Lord is, there is freedom.
        And we, who with unveiled faces all reflect the Lord’s glory, are being transformed into his likeness with ever-increasing glory, which comes from the Lord, who is the Spirit.

  • df NJ

    I think we are going to see $20/barrel oil and $1.50 at the pump before next spring. The world seems awash in oil these days.

  • Facts

    Of course its going to collapse. People are starving and dying on the streets in the US but no one addresses the issues and the poverty all they do is “invest” “millions” of “money” that never existed in the first place and then start jumping off those fancy skyscrapers in Wall St when it all inevitably falls apart. The world is fundamentally broken and its all a lie. Everyone else that isn’t starving or super rich – you work and work and work and work (its 2015 not the 18th century why? why are we not using the tech instead of slaving for it?) and consume and consume and consume and nothing changes until it all resets or you die. Life has now become a hideous parody. Where is life? Why is it all Albrecht Macht Frei?

  • georgesilver

    I stopped day-trading years ago when I discovered the market was rigged against the little man.
    If the gurus say the market could plunge by 30% I don’t see what all the hand-wringing is about. If people are in it for the longterm and have no debt then they just sit and wait for the market to go up again.
    The only time to panic would be if everything went to zero (including currencies) and all companies went out of business. Nothing was produced and nothing bought and sold. Then it might be in order to panic. The market drops by 50% so what. Most people I know who have no interest in the financial markets never experienced any of the recent ‘collapses’ in the markets that are so anxiously talked about.
    Fear seems to be one of the best products to push these days. Many people can’t get enough of it. I bet they wake up each morning switch on the computer hoping they are served-up a big helping of fear and calamity to make their day.
    Just relax. Sit back. Take it easy. Especially if you have some Gold stashed in Switzerland.

    • G21

      I don’t think anyone here would be expecting an economic calamity if it was only the stock market in trouble. But there are so many other aspects of the economy that are fragile right now.
      Probably the most glaring problem isn’t the stock market, but the status of the dollar. Russia and China are moving decisively away from the petro-dollar/world reserve dollar. Maybe we could live with that, but those two nations wield such enormous influence that most of the world will follow them. And what’s backing up the dollar? Not gold, not silver, but lies and debt.
      That’s it.
      This country’s in such big trouble.

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  • Lukas Knotek

    Hi everyone and thanks for sharing your ideas and opinions. Well I think I pretty much understand what is about to happen but what would you recommend to do for an average european family to protect itself the most from these upcoming events? Thanks for an answer to everyone. Lukas

    • LiberalMenAreEffeminateSHIT

      find a way to own a gun

      • fwalker15

        Find a way to get a brain. They likely won’t get a heat signature on you from a helicopter gunship up to two miles away and smoke you for having a brain and you’ll be able to use that brain everyday even if by chance civilization survives.

        • victor

          Hey devil dog, maybe he can find a gun floating around from the fast and furious debacle.
          You crack me. You add a little flavor to this blog.
          Like Tabasco to those MRE’s we chowed down on.
          I did have some CRAT’S too, in Korea, before they went to MRE”s.
          I’m sure You have a gun?
          I want to get one. Had a little trouble in past, “office hours.”

          • Gay Veteran

            victor = fwalker15

          • victor

            No my friend, I’m not him.
            I’d have to be the first to admit, I do not know anything about the market and how it works.
            So I couldn’t be schooling some of the people here the way he does.
            We just happened to learn we both were in the Marine Corps about the same time, and did some of the same training, and over seas deployment.
            I was stationed at camp Pendleton, and he mentioned he was at Camp Le June.
            Also I post more with a faith perspective, as I remember asking You a while back, if You believed Jesus loved You, but You never replied back.
            Also You felt your time in the service, You were a cog in the wheel.
            We could look at it that way, our different perspectives, even now, just tax payers, being ripped off, taxation without real representation.
            The military for me gave, me the ability to see what life outside the U.S. was like as a young man. Japan, Korea, and the Philippines.
            I was originally from a small town in Illinois, then moved to California, after graduating high school, living on my own.
            I already had the discipline going into the Corps. Sure some things sucked, but in life, I have learned that everything is just a stepping stone on our journey.
            I have made some bad choices, which I learned from. I have always been a student of the school of hard knocks, they give You the best tests.
            I do see the glass half full, but sometimes if I’m pissed, because I’m human, I see the glass half empty, and have to remind myself of the true perspective I have in life and the God I serve.
            As You can see, we live in a broken and fragmented world, along with good in it, pain and also joy.
            Didn’t mean for this to be long.
            But again, I’m not whatever the other guys handle is, ten, four, this is the rubber duck. lol Old song, Convoy, back when they had CB radios. middle 70’s.
            Have a blessed day, my friend.
            Victor my real name.

    • G21

      Hi Lukas,
      Look at Greece and Venezuela, see what is most in demand there and stockpile as much of it as you can.
      – As the previous reply said, a gun will be useful. If you can have only one, get a shotgun.
      – Any precious metals or gems you can possess will help.
      – A water filtration device.
      – Canned and/or dry foods.
      – Toilet paper

    • Lukas Knotek

      Thanks both for your anwsers. I will more look at the situation and find a conclusion what to do. I think the author of this blog should write an article on what to do and how to prepare yourself at the best. If he already has, please could you post a link below? Thankss guys

  • fwalker15

    OK there seems to be a lot of confusion about markets and market cycles and economics and economic cycles. Although it could take years maybe a lifetime to fully explain maybe some if these basics may be helpful. The stock (and bond) market(s) is not exactly a measurement of the economy although different sectors of the stock market generally are pretty good at acting as leading, lagging or coincident indicators which do quantify the economy or the levels of economic activities. Some easy examples might be heavy equipment makers like caterpillar that might rise ahead of an expected business cycle expansion. Those are called heavy cyclicals or Intel the chipmakers will move up ahead of that expected expansion. At or ahead of the peak (generally six months in advance)usually consumer discretionary like Apple or Disney or jewelry companies. Then comes contraction in the cycle at that point the food companies drug companies utilities etc. “outperform” called defensive companies people can’t live without. (Not to be confused with defense companies). When defensives outperform signals anticipated economic slow down. (Two consecutive quarters of declining GDP is recession definition). If you see gaming stocks – casino stocks outperform then markets are anticipating an economic depression- sort if like a bumper crop in the gambling investing world. Anyway here’s how markets get set up to correct (decline 10%) or crash (decline 30%+). The markets generally move in the direction that will cause the max pain or max losses – regardless of economic conditions because: the “big guys” in the game with lots of $ and think they’re geniuses will always try and get ahead of the curve – either buy low then sell high to profit from advances or the opposite they will (borrow the shares of stock) then sell high (the proceeds stay in the account until the borrowed shares are returned) if the stock drops they then use a portion of the proceeds they got for the sale buy back the stick they sold higher return the shares from where they borrowed them (plus a little interest) and they profit the difference from the decline; called short sale or short sellers. So here’s how valuations get stretched. In markets there’s always opening transactions (buy to open) and closing transactions (sell to close). Short sellers do it reversed they sell to open then buy to close. So those close to the game see those sell to open orders they know they are “forced buyers” in the future they must buy to close just as a buy to open must someday sell to close to actualize gains or minimize losses. So when the sell to open short seller is transacted the market maker – a whole nother day for that stuff- anyway the market maker immediately knows if the price rises the short seller is losing and will eventually “BUY to close” to stop his losses. So the process starts to drive prices higher and squeeze the short seller to buy then another genius perceives the price to be even more overvalued and he piles on and sells short and so on after a while the “strong market makers” have absorbed or bought all those borrowed and sold shares and tries to squeeze them higher. Bad news comes out the short seller thinks its his day for the drop only to see little or no drop maybe even a rise next thing he says stop the pain and must “BUY to close” pushing prices even higher and the cycle continues until prices get so high that all of the anxious short sellers were forced to buy higher than they originally sold then once all those forced buyers are no longer “trapped under” the market guess what happens no buyers only all the buy to open investors looking to sell to close are left so prices quickly move lower. That’s how they easily get overdone at highs (and at lows as those “stop loss” orders are seen by market makers giving them incentive to drive prices lower to grab them. I have to run for now but the idea is that if you let those games trick you into reading too much into them they you may never leave your bunkers until you run out of canned foods vitamins and water. :)

    • GoldenGirl

      Thank you, thank you, thank you.

      • fwalker15

        You’re welcome you’re welcome you’re welcome :)

  • Hillbilly

    The one thing I haven’t heard about lately are the derivatives. Michael will you be giving us an update soon?

  • LiberalMenAreEffeminateSHIT

    don’t forget what the ant in the toilet said, “When the log rolls over we will all be dead”

    • Steve Lukas

      Lol

  • Mike Mechanic

    I think websites like this one are suddenly going to disappear, as they continue the deception. Like Michael said if you have been listening and seeing you will know what to do. So don’t be surprised when true information is gone.

  • Steve Hansen

    I have no idea how long they can keep kicking the can down the road, but I don’t believe the kicking are gonna stop this year!

    However I’m guessing the marked is heading lower the coming months, a lot of up and down and mostly down.

    I did not believe in the crash of all computers in the year 2000, I did not believe in the end of the Mayan calendar and I don’t believe in the Shemitah!

    I do agree that the system based on debt we have today is going down the toilet sooner or later, but this year? Don’t think so..! Christmas is coming this year as it did last year…

    Its just one way to find out for sure!

  • Cyber Revengeance

    lets see what shemitah brings.

  • malachi

    If you study all of what is going on in the world, It is obvious that those who have the power have planned this collapse in order to unite the world into one system with one currency, one bank, one religion and full control of the masses. You watch and see if it doesn’t play out that way. All they do is continue to take our rights, take our our money, pass regulations which costs us money time and effort and Now in America – the American people have less freedoms and less rights than those illegals who shouldn’t be here in the first place.
    It is obvious to me and many others that those things that are written in the bible are about to happen. For those who have understanding of these things – everything adds up to the prophecies in the Bible. If you look at Jeremiah chapters 50 &51 – there is a very convincing description of today’s America and the destruction that is about to come. These things are also written in many other places including Revelation chapters 17 &18.
    All of the things that you own are of no meaning – they will be gone soon. DO NOT ever give up your sovereignty to make your own decisions in life and in death. The meaning of life is that this life is a test to see who is going to obey God and break away from the box that it seems that we are being forced into by the governments, media and religion.
    God Bless you all

    • Steve Lukas

      Amen brother…

      The mockers and scoffers we are told will be here in the last of the last days , just like in Noah’s day.

      The mockers are here in full force and America does not much time before the Lord’s judgement falls on this nation.

      • Gay Veteran

        find that ark yet?

        • Steve Lukas

          The ark was found ……but mockers like you will only inherit
          Eternal damnation serving your god of the fiery pit.

          • Gay Veteran

            oh yeah, I saw that video of the ark on the internet, saw it right after I watched the video of the alien autopsy at Area 51

          • Gay Veteran

            eternal damnation?
            wow, you a quick judge, pharisee

  • John Noyb

    After reading dozens of these comments by folks that are much more knowledgable of market conditions – I didn’t see any referneces to outside influences such as domestic and international events. I’ve read much about the serious moves of Russia and China moving away from the dollar as the reserve currency – huge consequences if/when the dollar is not the world’s reserve currency. What about the fact that so many other countries economies are failing. The Middle East is ready to explode – Russia is heavily preparing for nuclear war – as well as their involvement in Ukraine and now Syria. China has built a massive military and has begun to project it. What about the fact that oil has dropped to a record low with the potential to ruin our shale oil industry – the massive unemployment rate, $18 trillion dollar debt and failing economy – will these not have an impact on the market at some point? Is the market somehow isolated from these influences?

    • Gay Veteran

      how many foreign military bases do Russia and China have compared to the U.S.?
      the neo-cons in DC are the biggest threat to world peace

  • chelsea5465

    Oh boy global stock market crash here we come. There’s going to be a lot of panic if the us stocks go down

  • HeyAHuman

    The past five Shemitah cycles have ended in crashes. I’m not normally a mystic, but the timing is pretty uncanny.

    • fwalker15

      Nonsense

      • J.L.W

        Wow, you have won me over with your thorough and rigorous economic argument. (sarc.)

        • fwalker15

          No winning there. Your obviously a proven loser. Get an education. Homeschooling failed you miserably. Still great comedy though :)

    • Joe

      Actually that’s not correct…you may wanna skim over me Cahn’s book again. The 90’s, for example did not experience a crash.

      • J.L.W

        94 did experience a crash but not in the US. In Mexico.

        It is however an outlier. 2008,2001,1987,1980,1973 all experienced US crashes.

        • fwalker15

          You may not believe it but there was no crash in 2000 as the djia finished the year at all time highs in the 4th qtr. As for 1987 the djia was also positive on the year. Keep guessing :)

          • J.L.W

            I didn’t say 2000 I said 2001 after 9/11. Check the DOW.

          • fwalker15

            You’re correct on 2001 but this is the first I’ve seen of the scary eight year voodoo cycle

          • J.L.W

            Well, the third highest one day drop of the DOW happened during this and during Shemitah.

            7 year cycle.

  • Mondobeyondo

    You ain’t seen nothing yet. Much worse is to come.

    There are so many bubbles ready to pop, you’d think you were playing Bubble Witch 2. The stock market bubble is already deflating. The housing bubble (which has been slowly reinflating after the debacle of 2008) will be next, followed by the granddaddy of them all, the derivatives bubble.

    Yes, a splendid time is guaranteed for all.*
    ________________________________
    * Beatles, “Being for the Benefit of Mr. Kite”, 1967

  • fwalker15

    Now that the correction is behind the markets without any gigantic exogenous event the next significant event is very likely September 30th when mutual funds print their end of the quarter reports as per their charters they MUST allocate their funds accordingly and are benchmarked to various indicies as per their charters. The fund managers are rated and compensated to whether they (gain alpha) beat their benchmark index or not. Many known the game and will try and catch them behind the curve and cause them to chase performance into the end of the quarter. IMHO the key thing to look for is when the key indices djia sp500 and NASDAQ are able to put together three consecutive accumulation (up) days that strong signal will get bears anxious and expect a sharp spike higher (the sharpest rallies are in bear markets…as short sellers get squeezed). The markets have made a few head fakes or fits and starts so far and each reversal has had ascending lows – a constructive sign – for now. Fridays reversal may be significant as it may be very close to a volume reversal (85% price retracement with 85% of the volume) of Wednesdays and Thursdays gains. Next week when China is back in play likely resolves the question but imho after three consecutive up days it may signal strength into the end of September. Otherwise the fact is crashes do not happen from the highs. The develope after a (10%+) correction has occurred (check) and the bulls are not able to regain their control and squeeze the short sellers into buying. If they are unable then smart bulls likely capitulate and sell to cut losses and strong bears short sellers load up and sell move at which point the recent declines of 10-15% will be only 1/2 the leg down and the next leg likely brings key indicies down the other 15% for a 30% loss technically a crash. The key then is what does treasury debt and precious metals signal. The traditional reflex is move closer in the risk curve known as flight to quality and they buy treasury debt. Imho that creates an incredible opportunity and I will be looking very seriously at TMV and SBND. That’s not advice or a recommendation. I never provide legal tax or economic advice or services or products. Consult professionals for that. :)

  • Richard O. Mann

    Autumn, cooler temps, and more bad news for the world as we know it today. It really is the end of the world as we know it, but very few see it for what it is.

    • fwalker15

      In south Florida many view cooler temperatures as good news and the end of summer. Few can remember the last time the world ended.

      • Richard O. Mann

        Not the end of the world. Just the end of the world, as we know it. Like Rome. And others over the years.

  • Matthew

    All hell is about to break loose. The current world system is falling apart from ALL factors – morally, socially, economically, geopolitically, etc. Those who trust and follow Jesus Christ have nothing to fear and will be going home very soon.
    Luke 21:28 – So when all these things begin to happen, stand and look up, for your salvation is near!”

    • Nemnor

      Matthew, you are correct when you stated – “…The current world system is falling apart from ALL factors – morally, socially, economically, geopolitically, etc…”.

      Now, at the very root of the world-wide system is the Capitalist economic system – which is decadent for some time now and is at a “dead end” (mainly due to reaching a stage of general over-production, which in turn brings a tendency towards falling profits for the Capitalists, as they compete more and more feverishly against each other to stay in business).

      At this point (September 2015), the world-wide Capitalist system is NOT able to generate long-term recovery. As soon as the system begins to “recover”, then it quickly heats up and the market is then “flooded” and the system goes right back into (deeper) crisis mode. In fact, the system has been facing an ongoing crisis since late-60s/early-70s – from which there is NO WAY OUT (NO solution within Capitalism) by economic means alone.

      The real and ONLY solution begins with dismantling Capitalism and building a new system NOT based on production for profits, but rather, production to meet the genuine needs of the “rational” individual – as the primary end-purpose of production.

  • Paul Hamm

    This coming week will see the market below 16k for three of the four days open. Tuesday will surprise many with a break even day, It’s Wednesday to Friday ( especially Friday ) the big losses will be seen. I would hold your cash or put it in physical metals ( the ones you hold in your hand ) for the next month or so. October will then be the tell all month.

  • Mondobeyondo

    The Federal Reserve is going to be meeting in the middle of this month. There are some rumors that they are discussing raising the prime lending rate. They can’t keep it at near zero forever.

    Problem is, interest rates usually go up when the economy is robust and vibrant. That is certainly not the case right now. So it will be very interesting to see what Miss Janet (the Head Fed) decides to do. Raising the interest rate will just accelerate the coming collapse. Fun, huh?

    • fwalker15

      Why will raising rates accelerate the collapse?

      • J.L.W

        WHAT? Try corporate buybacks.

        • fwalker15

          You may not believe it but corporate buy backs have occurred since the beginning of capital markets which include much higher interest rate environments. Keep guessing.

          • J.L.W

            Corporate buybacks are happening in record levels and in this economy will saturate comporations with more debt than they can handle.

          • fwalker15

            Debt at historic low prices. You’re obviously as educated in corporate finance as you are in macroeconomics.

          • J.L.W

            Debt at historic low prices because of low interest rates, you’re trying to twist the argument.

          • fwalker15

            Twist what that is the fact. Those companies are making great use of the lowest borrowing costs in USA history. What’s the twist?

          • J.L.W

            Obviously if interest rates go up it won’t be cheap anymore will it?

          • fwalker15

            You may not believe it those rates are fixed they do not change if rates move higher. Corporate finance 101 stuff in the real world

          • J.L.W

            But they will for new loans.

          • fwalker15

            Maybe when rates move higher and velocity of money increases economic activity and wages may increase sales and profits may increase and they can again sell shares higher and have no need for more expensive debt. Corp fin 101. Keep guessing

          • Gay Veteran

            not borrowing money for productive purposes

          • Gay Veteran

            using your “logic” then companies should borrow all the money they can to buy back all of their stock, bankster shill

  • J.L.W

    Let’s hope the Western Governments go bankrupt before they can get to Syria to blow up Assad, i.e. oil pipeline doo dab.

    I’ve heard it suggested that DOW could go down to where it was before Nixon defaulted to the world i.e. Gold, about 1000 points. The USD IS losing it’s status as reserve currency. The more treasuries are dumped, the more petrodollar loses position, the more political players make deliberate moves to make it so. The more China’s gold market and the realisation of the rigging in said market. Plus Bitcoin. US currency could be in for a collapse!

    It will all work out very well though. The ‘Illuminati’ are going to jail!

    • Nemnor

      Actually, it is more likely that the USA “trigger” WW-III (or have a country like Israel do the “triggering”), rather than (quietly) sink into “third world” status.

      Nevertheless, WW-III or not, the world-wide capitalist system is on a general relentless decline and there is NO real and permanent solution within Capitalism.

      The real solution begins with dismantling Capitalism and replacing it with a now sustainable system that is NOT based on production for profits.

      • Nemnor

        I intended to say (above) – …replacing it (capitalism) with a NEW sustainable system….

      • fwalker15

        Sorry that you failed at becoming a productive member of society and achieving financial sustainability. The ludicrous projection of your personal failures into beliefs of worldwide dismantling of civilizations is comical. Perhaps look homeward and find a viable solution rather than such absurd geopolitical notions.

        • J.L.W

          That makes no sense, you know nothing about this person.

    • fwalker15

      Meanwhile in the real world the djia is 1,650% higher than your forecasts and with all that dumping treasury bonds are within 1.5% of their historic highs.

      • J.L.W

        True, but when it was gold backed that’s what it was. I just said ‘some people say’, not that I thought that definitely but it is an interesting idea.

        • fwalker15

          Seems like when you limit your monetary base to gold you limit your economys expansion potential. The chance of the djia revisiting 1000 again seems absurd as each January they switch component companies and divisor methods so if you see the nations 30 most credit worthy companies declining by approximately 94% in under 90 days you might be correct living in bunker

          • J.L.W

            A) You don’t limit your economies expansion potential. B) Regardless of what is ‘best’ from an economic theory perspective, the world does not want to accept US dollars which are essentially ink printed on paper C) It’s called inflation.

          • fwalker15

            Meanwhile deflation is the problem. The exact opposite of your comment. The frb would like to bring inflation higher to its 2.5% target level as most companies need higher inflation. Aside from the fact that inflation is a positive for markets and deflation is obviously problematic. By raising interest rates banks may have incentives to take risk and generate loans thereby creating capital in the broader economic and increasing the velocity of money. All exactly opposite the scenarios you guess at in those comments.

          • J.L.W

            When the markets go down the USD and GBP go down. Things change.

          • fwalker15

            In the real world USD purchasing power is strengthening not weakening. When does that change?

          • J.L.W

            I am of course aware of that. Because of the decline of the petrodollar, US treasury dumps gold etc. All of the things I have been outlining. The USD is in a collossal bubble just like everything else. It changes when it changes. Shemitah days usually bring quite the downward thump. (777 684 both Shmitah days and years)

          • fwalker15

            ROFLMAOOOO back to voodoo and witchcraft notions too funny

          • J.L.W

            Do you have a factual basis to dismiss that? They WERE both on Shemitah years and days. And the rest of the post was legit.

          • fwalker15

            I don’t have any factual basis to prove the tooth fairy or Santa Claus doesn’t exist either doesn’t mean he does. I guess when October arrives and civilization survives and when nobody comes down your chimney on Xmas you may dismiss them or rationalize their existence another was. As for the rest yes its a legit post yet again factually incorrect as the rest. :)

          • J.L.W

            Very well, and if the market does collapse, and you probably haven’t prepped and are running about like a headless chicken…

          • J.L.W

            You’re not likely to be confronted with good evidence that Santa exists either, which you just have been with Shemitah.

          • J.L.W

            They already create loans with 0% interests rates (predatory loans). Notably in the Auto subprime bubble.

          • fwalker15

            Keep guessing

  • Ben

    Pure paranoia. The markets will rebound.

    • fwalker15

      How can you be so sure?

    • tom

      there may be a rebound when QE is announced.

      • fwalker15

        You mean rebound when rate increase announced

        • tom

          no rate increase. maybe QE.

        • tom

          no rate increase.;)

  • Ron

    I agree with most things on here. But, what I would like to know is, what effect will this mega crash have on the average American? Will capital controls be in effect such as in Greece on getting to our money? Will it be like 1929? Will it be like the Great Recession 2008? I just want to know how it will affect everyday life on the average American. Thank you.

    • fwalker15

      If you look at the charts or historic prices carefully you’ll likely see the record outflows and 1/2 the leg down occurred before the media even mentioned market weakness. After all the fanfare and China bashing charade after they devalued 2% (after USA devalued 20%, ecb devalued euro 15% and jgb devalued yen 12% all were views as positives by markets – you may still see comments here with the beliefs that only further devaluation or easy money policy (to banks only) can “save” the markets or the economy or other bizarre notions). Anyway after all the misconceptions the media is again scaring the sheep away from opportunities to speculate at much lower levels and risk/reward ratios (you can’t get hurt falling out of the basement window?) At the same time scaring the anxious into selling so those short sellers that borrowed shares at higher levels to sell high can now buy them back lower return the borrowed shares and actualize their gains. Their may be headwinds against the markets as the economy improves (or at least the key metric the frb keys off “average hourly wages component”) and rates rise could pressure stocks and sometime after the second rate hike key indicies may search for the catalyst for a final strong wash out and key indices may be 30%+ below their highs at that point and likely an excellent entry point for leveraged index etfs. That seems a much more likely scenario than the carnage and devastation many here insist is imminent.

      • Ron

        thanks for all that, but it didn’t really answer my question. :)

        • fwalker15

          My best guess given the choices in your question is probably similar to 2008 scenario if USA gets a mega crash. The frb will most likely lean into the weakness and use all of their resources to keep the economy on a sustainable trajectory. Although many rant how the imminent disaster will be far worse than 2008 (although they obviously don’t comprehend the magn

          • Ron

            thank you for your answer. :)

          • Gayle Anderson

            I just read that Putin is about to dump the dollar, along with other countries. If that happens, what do you think will come from it? I respect your opinion.

  • fwalker15

    Probably a function of the amount of assets you’ve accumulated- or lack of. Aside from that by definition financial advisor role is determining methods and means of corporate finance by definition.

    • highschoolsearch

      blah blah blah

  • eco-village costa rica

    Great info thanks for posting. Can you imagine moving to the mountains of southern Costa Rica and living in an Eco-village with thousands of fruit trees, edible landscapes, monkeys, toucans, water falls and great neighbors? We are looking for a few more good neighbors. Email me if you are interested ecohomesliving@gmail.com . ps many residents have used their IRA “Self Directed to purchase with no tax penalty. A great way to diversify!

  • JailBanksters

    Is there going to be a Countdown with fireworks ?
    Are people going to watch it unfold minute by minute on Pay Per View ?
    Is there going to be state funeral for the passing of Bill, Dollar Bill, and will any of his friends show up to mourn his passing ?

    • fwalker15

      Many have written obituaries for the USA and USD for centuries. Once upon a time the British empire ruled the plant and just have they have been marginalized to a great extend so shall the USD. To expect its passing and the end of civilization in the USA is more a mental health abnormality than objective analysis.

    • Guess Who?

      Did someone say countdown?

  • DJohn1

    Right now the “under the mattress crowd” wins the day.
    There is no “good” investment out there at this point in time.
    At one point in time, I would recommend young people join the military. Not now. If I were young, I would go to tech school and get as many skills under my belt as possible.
    1/3rd of your income goes to renting or owning a car or truck.
    That car or truck breaks down and someone has to fix it or sell it.
    Someone that knows how to fix older cars means money not spent.
    Right now everyone needs a place to stay. That either means living with others, staying at home with parents or grandparents, or in extreme circumstances living out of a car.
    IF you have a house you are blessed.
    IF it is paid for that is. Even so you pay taxes on it.
    IF you own a house you better become capable of minor repairs such as drains, plumbing, electrical, and drywalling. Carpeting or wood floors are another thing that is needed. Also painting a place.
    I suggest if you are not in a relationship don’t get in one.
    If a woman gets pregnant, you are looking at 30,000 minimum out of your pocket to raise the child.
    In 10 years a whole lot of things will change.
    IF we do not destroy ourselves first.
    Mental health is important as well. I highly recommend religious training and reading the Bible. Follow the rules set down in the good book can make a serious difference in how things turn out.
    Have a little faith. That means pray as if everything depends on your God. Act like everything depends on you to make it happen.
    God often helps those that help themselves and work hard to get to where they want to go.
    Be careful about what you pray for. The price of getting what you want might be too high.
    I have made that mistake, got what I wanted, then found myself living in a hellish personal situation for a number of years.
    Most of all: “Love the lord your God with all your heart and all your soul.” As bad as things are, those are the people that will eventually win out.

  • whattimeisit

    Learn how to be a stock trader…not investor. most people would rather get their stock buying advice from the main street media instead of doing the research on their own.

  • DF NJ

    Income inequality has destroyed this country. For over 30 years now the purchasing power of the median worker’s wages has declined. If the workers have no money it means no customers. No customers means eventual economic collapse. The dollar will become worthless as it is concentrated into fewer and fewer hands. Paradoxically, the value of the dollar is proportional to the number of people who are greedy about it. Why give a shiite at work? It means nothing!

    • fwalker15

      Your last two sentences likely more accurately explain your wage decline and mindset.

      • Gay Veteran

        hope your bankster masters are paying you really good

        • fwalker15

          Really well; adverb. Nobody pays me :( I write this for free when I’m bored :)

          • Gay Veteran

            troll; noun

          • R357

            Your a genius!

          • R357

            Atlantic, Gulf, sun, warmth, beaches, bikinis, you shouldn’t get bored to often.

          • fwalker15

            I’m on the Atlantic side Miami Beach it rains every afternoon now – finally – the rest of the day its like 90 degrees plus. Everything’s played out – especially when the markets are closed :)

          • R357

            I love the Gulf (Naples) area. Only get there 3 weeks a year though. I am poor not wealthy like others. Yes, my fault.

          • fwalker15

            You’re one just a few trades away from wealthy if you choose very carefully. :)

          • R357

            I read and read but I have difficulty comprehending enough to feel comfortable investing. Complacency, maybe, not sure. I think more fear. Both are bad and as you said “my net worth suffers because of it”.

          • fwalker15

            My best recommendation is that book how to make money in stocks by William O’Neill sure might teach you a very good system and save you lots of trial and error. Aside from that there are plenty of uncertainties to be fearful of but seems to me all cash is a bet on the dollar and diversification is the only way to reduce/eliminate risk. Jmho

          • R357

            I will get the book tonight. THANKS.

          • fwalker15

            YW its only like 10 bucks I think its the best 10 you’ll ever spend :)

          • Flippah

            Radiation is killing the Pacific. Readings in Indiana off the charts. You morons will not like what awaits you in Pandemonium. It is at the door.

      • df NJ

        You post more accurately explains you moronic lack of enlightened self-interest. When your customers have money then YOU have money.

  • Itanimullikcuf

    Michael, you should write a full article about this massive illegal immigrants from Middle East invading Europe. This is becoming a greatest crisis since WW2. More than million may enter EU in this year alone. and thousands of ISIS fighters may be amongst those ” war refugees” from mostly Syria, Iraq or Libya.

    • victor

      Would be a good take, to see how much it really effects the Europeans over there.
      The extra pressure it’s putting on them.
      How but checking into it Michael?

  • G21

    I was warning one person about the imminent collapse. She said, “There have always been tigers circling the fire.”
    Which, of course, is true.
    What else is true is that just because tigers have always been circling the fire doesn’t mean that they’ll never get through.

    • fwalker15

      Seems like she was being kind and not just straight forward suggesting you seek professional mental health counseling.

      • R357

        To late!

    • victor

      Or not hungry!

    • R357

      Your a genius!

    • G21

      Yet again, I must say that I hid fwalker15’s reply without reading it. I don’t engage with annoying jerks.

  • J.L.W

    Thanks. This one is a little less than easy to access than the others. Someone has an interest?

  • CharlesH

    Gyrations galore – just look at today’s DOW thrust (Tuesday Sept 8).

  • Central Scrutinizer

    Infinite growth with finite resources and no population control. Do we really think this story has happy ending?

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  • luc

    yeah and QE works so good that they ll have to repeat it 4 x, and probably for ever

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