Are we about to witness one of the largest stock market crashes in U.S. history? Swiss investor Marc Faber is the publisher of the “Gloom, Boom & Doom Report”, and he has been a regular guest on CNBC for years. And even though U.S. stocks have been setting new record high after new record high in recent weeks, he is warning that a massive stock market crash is in our very near future. According to Faber, we could “easily” see the S&P 500 plunge all the way down to 1,100. As I sit here writing this article, the S&P 500 is sitting at 2,181.74, so that would be a drop of cataclysmic proportions. The following is an excerpt from a CNBC article that discussed the remarks that Faber made on their network on Monday…
The notoriously bearish Marc Faber is doubling down on his dire market view.
The editor and publisher of the Gloom, Boom & Doom Report said Monday on CNBC’s “Trading Nation” that stocks are likely to endure a gut-wrenching drop that would rival the greatest crashes in stock market history.
“I think we can easily give back five years of capital gains, which would take the market down to around 1,100,” Faber said, referring to a level 50 percent below Monday’s closing on the S&P 500.
Of course Faber is far from alone in believing that the market is heading for hard times. Just recently, I wrote about how legendary investor Jeffrey Gundlach is warning that “stocks should be down massively” and that he believes this is the time to “sell everything“.
And on Tuesday, Donald Trump told Fox News that the stock market is “a big bubble”…
“If rates go up, you’re going to see something that’s not pretty,” the billionaire businessman told Fox News during a Tuesday morning phone interview. “It’s all a big bubble.”
Worries that the Fed has created a market bubble have shadowed the second-longest bull market in history as the central bank has kept its key rate near zero and expanded its balance sheet by $3.8 trillion in order to pump liquidity into the financial system.
Trump actually has a vested interest in seeing the stock market go down, because that would help his chances in November.
In a previous article on The Most Important News, I explained that the stock market has indicated who would win the presidential election 86 percent of the time since 1928. During the final three months before election day, if the stock market goes up the incumbent party almost always wins. But if the stock market goes down, the incumbent party almost always loses. The only times this correlation has not held up since 1928 were in 1956, 1968 and 1980.
For the moment, the stock market is defying the laws of economics, and that is a very good thing for Hillary Clinton. But if this bubble suddenly bursts and the market starts catching up with economic reality, that is going to turn out to be very favorable for Donald Trump.
And without a doubt, the fundamental economic numbers just continue to get worse. Earlier today, we learned that productivity in the U.S. has now been falling for three quarters in a row…
Productivity, a sore spot for the U.S. economy over the past few years, has now declined in three straight quarters, according to data released Tuesday.
Productivity in the second quarter unexpectedly fell 0.5%, well below expectations, the Labor Department said. Economists surveyed by MarketWatch had forecast a 0.3% gain in productivity in the quarter.
Productivity is down 0.4% from a year earlier, the first year-over-year decline since the second quarter of 2013.
On Tuesday we also learned that real estate sales in Las Vegas were down about 10 percent in July compared to the same period a year ago, and things are not looking so good in San Francisco either. Just check out what has been going on at Twitter…
Twitter is shaking up San Francisco. It’s the city’s 10th largest employer, and second largest tech employer, after Salesforce. But it hasn’t yet figured out, despite a decade of trying, how to make money. Last October, it announced that it would lay off 8% of its workforce. A couple of weeks ago, it reported a second-quarter net loss of $107 million along with disappointing user metrics and lousy projections. Its shares have lost 74% since their miracle-IPO-hype peak at the end of December 2014.
And now Twitter is dumping nearly one third of its total office space on the San Francisco sublease market.
Las Vegas and San Francisco are both prone to huge “booms” and “busts”. So the fact that it appears that both cities are starting to move into the “bust” end of the cycle is a very ominous sign.
Conditions are changing, and now is the time to position yourself for the exceedingly challenging times that are coming. As I end this article today, I want to share with you something written by Jim Quinn. He recently went out to visit his son Kevin in Colorado for a couple of weeks, and the following is how he ended his article about that trip…
After spending a week in this stunning paradise, it’s tougher than you know to go back to my two and half hour daily round trip commute into the slums of West Philly. John Muir’s words were right 100 years ago and they are right today. I am losing precious days and my days are spent trying to make money. I’ve got responsibilities. I’ve got bills to pay. I’ve got kids to get through college. We’ve got aging parents to help. I work because I have to.
I’m not learning anything in this trivial world of distractions and iGadgets. I don’t fit into this materialistic society. I don’t do small talk. I have no patience for fools. I prefer solitude. If I can survive this despicable rat race for seven more years, I’ll be joining Kevin in Colorado and living the life I’d like to live. The sun is setting and time is slipping away. Those mountains are calling me home.
I can definitely identify with what Jim is going through, because I once experienced similar emotions.
To Jim and everyone else that hopes that someday in the future they will be able to live the lives that they would like to be living right now, I would say this…
Don’t put it off.
Seize the day and find a way to make your dreams a reality.
Things are rapidly changing in this country, and if you keep putting off the life you want to be living for too long it may end up slipping away for good.
Is the time for warning people to prepare for what is ahead coming to an end? For years, bold men and women all over America have been sounding the alarm and warning people to get prepared physically, financially, mentally, emotionally and spiritually for the great storm that is rapidly approaching. Personally, I have written more than 2,500 articles on my primary two websites combined, and so nobody can accuse me of not blowing the trumpet. It has gotten to the point that sometimes I am even tired of listening to myself warn the people. But now we are shifting into a new phase.
The other day I was reflecting on some of the things that I have been hearing lately. Sales of emergency food and supplies are way down across the entire industry. Many organizations and websites that have been instrumental in sounding the alarm for a long time are really struggling right now. On my websites, traffic has hit a bit of a plateau after experiencing a tremendous surge late last year. Overall, “prepping” was very hot just a few years ago, and at one time it was estimated that there were approximately three million “preppers” in the United States. But these days there seems to be a tremendous amount of apathy out there.
As I reflected on all of this, I came to one inescapable conclusion.
Those that wanted to get prepared have already gotten prepared by now, and those that did not want to get prepared are not likely to do so any time soon.
I personally know a lot of people that are very, very prepared and have been for a long time. Yes, there is still a small minority of people out there that only recently woke up and started prepping, but overall most of the preparation that people wanted to do has already been completed. And for those that have not done anything to prepare, you could argue with them until the moon turns to cheese and they still won’t take any action.
At this point the die has been cast. Most of those that felt that they should prepare have already prepared. Most of those that felt that they should repent have already repented. Most of those that felt that they should warn America have already sounded the alarm.
So now all that is left is to wait for the shaking to begin.
In looking back at what has transpired over the last several years, I think that it would be appropriate to say something about the failure of the church in America.
You see, if the churches of America were doing their job, all of the “watchmen” out there would not even be needed. Our voices would simply be lost in a chorus of thousands upon thousands of pastors, teachers, ministers and evangelists boldly warning people about what is coming to this nation.
But instead, there is just deafening silence coming from most of the mainstream churches.
The sad thing is that many, many church leaders understand very clearly what is coming, but they have purposely chosen not to warn the people. Some time ago, George Barna conducted a study that looked into why our churches are not addressing the key issues of the day, and what he discovered was absolutely astounding…
“‘What we’re finding is that when we ask them about all the key issues of the day, [90 percent of them are] telling us, ‘Yes, the Bible speaks to every one of these issues,” he explained. “Then we ask them: ‘Well, are you teaching your people what the Bible says about those issues?’ and the numbers drop…to less than 10 percent of pastors who say they will speak to it.”
Most churches in America don’t want to talk about the hard things, because they desperately want to make people feel comfortable. They want to entertain people and make them happy so that they will come back week after week and drop their money into the offering plate.
When it comes to defining success as a church, Barna found that there were five primary factors that were important to the majority of pastors, and none of them had anything to do with repentance and salvation through Jesus Christ…
“There are five factors that the vast majority of pastors turn to,” he outlined. “Attendance, giving, number of programs, number of staff, and square footage.”
Sadly, most Christians in America actually prefer these lukewarm churches, and the Apostle Paul warned that these times were coming nearly 2000 years ago. The following is what 2 Timothy 4:3-4 says in the Modern English Version…
3 For the time will come when people will not endure sound doctrine, but they will gather to themselves teachers in accordance with their own desires, having itching ears, 4 and they will turn their ears away from the truth and turn to myths.
You may not want to hear this, but the majority of churches in America have already gone apostate, and that is the truth.
We are slowly but surely losing an entire generation of Americans, and yet our dead and dying churches just continue to slumber. I shared the following numbers in a previous article, but they bear repeating. The following comes directly out of a Pew Research Center report…
Millennials – especially the youngest Millennials, who have entered adulthood since the first Landscape Study was conducted – are far less religious than their elders. For example, only 27% of Millennials say they attend religious services on a weekly basis, compared with 51% of adults in the Silent generation. Four-in-ten of the youngest Millennials say they pray every day, compared with six-in-ten Baby Boomers and two-thirds of members of the Silent generation. Only about half of Millennials say they believe in God with absolute certainty, compared with seven-in-ten Americans in the Silent and Baby Boom cohorts. And only about four-in-ten Millennials say religion is very important in their lives, compared with more than half in the older generational cohorts.
Those numbers are absolutely horrifying. Yes, there are still a few really good churches scattered across the country. But overall, the church in America is in really sorry shape, and the numbers don’t lie. Christianity is in rapid decline in the United States, and somebody better wake up and start doing something about it.
Over the years, I can’t tell you how many dead churches that I have sat in. That is why it is so refreshing when I actually find one where the gospel is preached and where people truly love one another. I have had the privilege of sharing my message in such a church in recent months, and I wish that there were a lot more of them out there.
Unfortunately, most ministers in America are really busy doing things other than what they should be doing. For instance, have you ever heard of “clergy response teams”? If you can believe it, the government has actually recruited ministers to help the population accept martial law when it is declared someday. The following comes from KSLA News…
Could martial law ever become a reality in America? Some fear any nuclear, biological or chemical attack on U.S. soil might trigger just that. KSLA News 12 has discovered that the clergy would help the government with potentially their biggest problem: Us.
Can you believe that?
Here is more from the report…
Such clergy response teams would walk a tight-rope during martial law between the demands of the government on the one side, versus the wishes of the public on the other. “In a lot of cases, these clergy would already be known in the neighborhoods in which they’re helping to diffuse that situation,” assured Sandy Davis. He serves as the director of the Caddo-Bossier Office of Homeland Security and Emergency Preparedness.
For the clergy team, one of the biggest tools that they will have in helping calm the public down or to obey the law is the bible itself, specifically Romans 13. Dr. Tuberville elaborated, “because the government’s established by the Lord, you know. And, that’s what we believe in the Christian faith. That’s what’s stated in the scripture.”
I don’t know about you, but I found that article to be extremely chilling.
But this is the state of things in America today. We have a dead church that is stuffed to the gills with dead ministers, and the people are not being told the truth about the great shaking that is coming to America.
And when the great shaking comes, there will be multitudes of these dead churches and ministries that will go under and never rise again.
Meanwhile, God will be raising up a Remnant, and that Remnant is going to shake the world.
So what do you think about all of this?
Please feel free to share your thoughts by posting a comment below…
Today is a day to mourn and pray for America. In Dallas, Texas last night, a hate-filled gunman ruthlessly started gunning down police officers. A total of 12 officers were shot, and five of them are now dead. If we do not learn to love one another, there is no hope for us as a nation. Unfortunately, the love of most people has grown cold, and today messages of hate and division from people on all sides of the debate are being posted all over social media. The massacre in Dallas represented the deadliest day for law enforcement officers in the United States since 9/11, and this is the kind of civil unrest that I have been repeatedly warning is coming to America. I have warned about this in my books, on radio and on television. But of course I am best known for my articles, and the following are just a handful where I warned about what we would soon see…
Johnson, from Mesquite, Texas, a 20 minute drive from Dallas, reportedly told law enforcement that he was a veteran, and claimed to have acted alone, countering initial reports that as many as four gunmen were involved in the massacre.
‘The suspect said he was upset about Black Lives Matter. He said he was upset about the recent police shootings of black suspects. He said he was upset at white people. The suspect stated he wanted to kill white people, especially white officers,’ Dallas Police Chief David Brown revealed at a 7:30am press conference.
Around 11pm on Thursday, cops cornered Johnson at El Centro College and attempted to negotiate, but four hours later the talks failed and a robot was brought in to detonate a bomb and kill the suspect. This was after shots had rung out at a previously peaceful protest in downtown Dallas with demonstrators screaming and running for their lives as cops dropped dead one by one.
What is truly frightening is that it looks like he was potentially planning even more violence in the future. When police searched his home, they found bomb-making materials, rifles, ammunition, and a personal journal of combat tactics.
This attack in Dallas comes on the heels of two separate incidents in which young black men were gunned down by white police officers. The following comes from TruNews…
The Dallas shooting happened as otherwise largely peaceful protests unfolded around the United States after the police shooting of Philando Castile, a 32-year-old black man, on Wednesday during a traffic stop near St. Paul, Minnesota.
The day earlier, police in Baton Rouge shot dead another black man, Alton Sterling, 37, while responding to a call alleging he had threatened someone with a gun.
Racial tensions have soared to frightening levels in this country, and what is needed right now are calls for love and healing.
But instead, many continue to stoke the flames of hatred and division. Here is just one example…
In an interview with BBC Radio 4 in London, Rev Jackson commented on the shooting of unarmed black men by police and the revenge attack in Dallas: ‘It’s a kind of anti-black mood, antisemitism, anti-Muslim bashing, immigrant bashing, female bashing, a kind of mean spirited division in the country.’
Rev Jackson considered what was causing the divisive mood in America.
He said: ‘Threats to deport 15 million immigrants…threats to build a wall between Mexico who we share 2,000 miles of a border, there’s a permissiveness towards black people [which] is readily apparent and we have been used as scape goats for deeper and deeper economic and cultural fears.’
And as I mentioned above, social media websites such as Facebook and Twitter are being absolutely flooded with hate-filled messages toward police officers, white people, black people and those that would seek to bring Americans together in peace and love.
It is a very disgusting thing to see, but this is where we are at as a nation.
Authorities in Tennessee say a man who opened fire on a highway in Tennessee targeted police officers and others because he was troubled by incidents involving black people and law enforcement officers.
The Tennessee Bureau of Investigation says in a news release that initial conversations with the suspect, identified as Lakeem Keon Scott revealed he was troubled by incidents across the U.S. The FBI says the suspect is black; the shooting victims are all white.
And overall, we have seen a 44 percent increase in the number of law enforcement officers shot and killed so far in 2015…
The number of police officers shot and killed in the USA is 44% higher than at this time last year following the Dallas ambush Thursday night that left five officers dead, according to data from the National Law Enforcement Officers Memorial Fund.
From now on, it is going to take a lot of courage to be a police officer in America.
Personally, I couldn’t imagine going to work every day knowing that you are a potential target wherever you go.
As I discussed the other day, all the way from the top down the United States has become a lawless nation. We have already seen explosions of anger and frustration all over the country, and the chaos and the violence are going to get a lot worse. We are going to see more crime, more riots, more looting and more shootings.
Ultimately, we are going to see major cities in America burn, and there will be declarations of martial law in an attempt to restore order.
I have been warning that these things are coming for a long time, and now they are starting to happen right in front of our eyes.
So is there any hope for us?
Please feel free to share what you think by posting a comment below…
Why are so few voices warning the people about what is coming? We stand at the door of a period of distress that will be unlike anything that any of us have ever known before. And even though the signs are all around us, very few individuals appear to be willing to stand up and sound the alarm. Instead, there seems to be a large number of people that are quite eager to criticize the watchmen. Earlier today, I was having a conversation with a very prominent voice in the alternative media, and we were reflecting on this. There are so many individuals out there that love to shoot arrows at those that are sounding the alarm, and yet they are doing so little to make a difference themselves.
It is easy to sit back on your sofa munching on potato chips as the world around you goes to hell, and it is easy to criticize those that have chosen to have the courage to stand up and warn the people.
But it is not easy to stand up and say the hard things that need to be said in a society that does not want to listen.
Yes, there are some watchmen out there that are doing a great job of proclaiming the warning message. I have personally met a number of them, and I am proud to be their friends.
Unfortunately, they are few and far between. Most people either don’t believe that we are on the precipice of disaster, they don’t care enough to warn others, or they are too busy criticizing those that are trying very hard to warn others.
And of course you don’t need a media platform to sound the alarm. We all have family members that need to be warned about what is coming. We all have friends that need to be warned about what is coming. Each one of us is uniquely positioned to reach others that may not be able to be reached any other way.
In the end, we all have a choice to make. If we sound the alarm and people choose not to listen, the responsibility for failing to act falls on them.
But if we know what is coming and we choose to do nothing to warn others, then we may end up being responsible for their blood. This is a principle that we even seen in the Scriptures. The following is what Ezekiel 33:1-6 says…
Again the word of the Lord came to me, saying: 2 Son of man, speak to the children of your people and say to them: If I bring a sword upon a land, and the people of the land take a man from among them and set him for their watchman, 3 and he sees the sword come upon the land and blows the trumpet and warns the people, 4 then whoever hears the sound of the trumpet and does not take warning, and a sword comes and takes him away, his blood shall be upon his own head. 5 He heard the sound of the trumpet yet did not take warning. His blood shall be upon himself. But he who takes warning delivers his soul. 6 But if the watchman sees the sword come and does not blow the trumpet and the people are not warned and a sword comes and takes a person from among them, he is taken away in his iniquity. But his blood I will require from the hand of the watchman.
Sadly, the few voices that are proclaiming the warning message in our society are being almost completely drowned out by everyone else.
Just look at our political leaders. None of them are warning the American people about what is really coming. Yes, they are warning that some bad things may happen if the wrong candidate gets elected, but all of them are promising that they can get this country completely turned around if they are elected.
Unfortunately, all of them are dead wrong. None of them are going to be able to keep America from experiencing the great storm that is directly ahead of us.
The mainstream media is even worse. According to the mainstream media, everything is great and things are only going to get even better in the years ahead. Of course the mainstream media is owned and controlled by the global elite, and just six giant media corporations produce more than 90 percent of the news and entertainment that we all consume.
Perhaps most disappointing of all are the religious leaders. You would think that if anyone should be “sounding the alarm” it would be them. But instead, ministers all over this country have become absolutely terrified of offending anyone. Church attendance has been declining for years, and most churches are desperate to do whatever they can to keep people coming back and putting money in the offering plate.
So many preachers know what is coming, and yet they have willingly chosen to be silent. They know that disaster is coming to America, and yet they have decided not to warn the people.
Yes, there are some good churches out there, but in general the church in America has failed. There is very little preaching about sin, repentance or the blood of Jesus anymore. Rather, most of what is coming from the pulpits these days are just feel good messages that sound like they were directly ripped off from the self-help gurus.
Sometimes I get frustrated because I wish that I could do a better job of warning the people. My articles are far from perfect, but I work very hard on them. And nobody can accuse me of not trying to sound the alarm. I have written more than a million words on The Economic Collapse Blog, and I have written more than a million words on End Of The American Dream. In addition, soon my wife and I will be doing a television show, and we will be posting the videos up on YouTube for free.
I am just an ordinary guy that is trying to warn the people as loudly as I can from my little spot on the wall. When I first started, my readership could have been measured with a microscope, but over time it has grown far beyond what I could have possibly ever imagined.
People know that they aren’t getting the truth from the “leaders” of our society, and so they are seeking out alternative sources of information. Thankfully, the Internet has allowed ordinary people like myself and others to get the warning message out.
And of course the warning message is only part of my mission. I also carry a message of hope, and that is going to be greatly needed in the days ahead.
As things completely fall apart during the years to come, millions are going to give in to depression and despair. Those people are going to need to know that there is hope even in the midst of all the chaos and all the darkness. My wife and I seek to live in a constant state of “shalom” (the Hebrew word for peace), and we believe that the greatest chapters of our lives are still ahead of us. Yes, we are heading for times that are going to be more challenging than most people would ever dare to imagine, but there is no other time in human history that we would have rather been alive for. We boldly look forward to the future, and we plan to bring light to a world that will be drowning in darkness.
This optimistic view of the future is going to be a central theme of my new book which should be coming out later this month. The things that I am going to share about Bible prophecy, the book of Revelation and the challenging years ahead of us are going to really shake up a lot of people out there, and it will likely be one of the most controversial Christian books of 2016.
But once again, someone needs to stand up and say the hard things that need to be said.
I am sure that I will get some criticism for this article, but that is okay. I just hope that I can inspire a few others to come up on the wall and help warn America (and the world) about what is rapidly approaching.
It doesn’t matter if your voice is big or small.
What matters is whether or not you are faithful with what you have been given.
Let us sound the alarm while we still can, because time is quickly running out.
There is so much chaos going on that I don’t even know where to start. For a very long time I have been warning my readers that a major banking collapse was coming to Europe, and now it is finally unfolding. Let’s start with Deutsche Bank. The stock of the most important bank in the “strongest economy in Europe” plunged another 8 percent on Monday, and it is now hovering just above the all-time record low that was set during the last financial crisis. Overall, the stock price is now down a staggering 36 percent since 2016 began, and Deutsche Bank credit default swaps are going parabolic. Of course my readers were alerted to major problems at Deutsche Bank all the way back in September, and now the endgame is playing out. In addition to Deutsche Bank, the list of other “too big to fail” banks in Europe that appear to be in very serious trouble includes Commerzbank, Credit Suisse, HSBC and BNP Paribas. Just about every major bank in Italy could fall on that list as well, and Greek bank stocks lost close to a quarter of their value on Monday alone. Financial Armageddon has come to Europe, and the entire planet is going to feel the pain.
The collapse of the banks in Europe is dragging down stock prices all over the continent. At this point, more than one-fifth of all stock market wealth in Europe has already been wiped out since the middle of last year. That means that we only have four-fifths left. The following comes from USA Today…
The MSCI Europe index is now down 20.5% from its highest point over the past 12 months, says S&P Global Market Intelligence, placing it in the 20% decline that unofficially defines a bear market.
Europe’s stock implosion makes the U.S.’ sell-off look like child’s play. The U.S.-centric Standard & Poor’s 500 Monday fell another 1.4% – but it’s only down 13% from its high. Some individual European markets are getting hit even harder. The Milan MIB 30, Madrid Ibex 35 and MSCI United Kingdom indexes are off 29%, 23% and 20% from their 52-week highs, respectively as investors fear the worse could be headed for the Old World.
These declines are being primarily driven by the banks. According to MarketWatch, European banking stocks have fallen for six weeks in a row, and this is the longest streak that we have seen since the heart of the last financial crisis…
The region’s banking gauge, the Stoxx Europe 600 Banks Index FX7, -5.59% has logged six straight weeks of declines, its longest weekly losing stretch since 2008, when banks booked 10 weeks of losses, beginning in May, according to FactSet data.
“The current environment for European banks is very, very bad. Over a full business cycle, I think it’s very questionable whether banks on average are able to cover their cost of equity. And as a result that makes it an unattractive investment for long-term investors,” warned Peter Garnry, head of equity strategy at Saxo Bank.
Overall, Europe’s banking stocks are down 23 percent year to date and 39 percent since the peak of the market in the middle of last year.
The financial crisis that began during the second half of 2015 is picking up speed over in Europe, and it isn’t just Deutsche Bank that could implode at any moment. Credit Suisse is the most important bank in Switzerland, and they announced a fourth quarter loss of 5.8 billion dollars. The stock price has fallen 34 percent year to date, and many are now raising questions about the continued viability of the bank.
Similar scenes are being repeated all over the continent. On Monday we learned that Russia had just shut down two more major banks, and the collapse of Greek banks has pushed Greek stock prices to a 25 year low…
Greek stocks tumbled on Monday to close nearly eight percent lower, with bank shares losing almost a quarter of their market value amid concerns over the future of government reforms.
The general index on the Athens stock exchange closed down 7.9 percent at 464.23 points — a 25-year-low — while banks suffered a 24.3-percent average drop.
This is what a financial crisis looks like.
Fortunately things are not this bad here in the U.S. quite yet, but we are on the exact same path that they are.
One of the big things that is fueling the banking crisis in Europe is the fact that the too big to fail banks over there have more than 100 billion dollars of exposure to energy sector loans. This makes European banks even more sensitive to the price of oil than U.S. banks. The following comes from CNBC…
The four U.S. banks with the highest dollar amount of exposure to energy loans have a capital position 60 percent greater than European banks Deutsche Bank, UBS, Credit Suisse and HSBC, according to CLSA research using a measure called tangible common equity to tangible assets ratio. Or, as Mayo put it, “U.S. banks have more quality capital.”
Analysts at JPMorgan saw the energy loan crisis coming for Europe, and highlighted in early January where investors might get hit.
“[Standard Chartered] and [Deutsche Bank] would be the most sensitive banks to higher default rates in oil and gas,” the analysts wrote in their January report.
There is Deutsche Bank again.
It is funny how they keep coming up.
In the U.S., the collapse of the price of oil is pushing energy company after energy company into bankruptcy. This has happened 42 times in North America since the beginning of last year so far, and rumors that Chesapeake Energy is heading that direction caused their stock price to plummet a staggering 33 percent on Monday…
Energy stocks continue to tank, with Transocean (RIG) dropping 7% and Baker Hughes (BHI) down nearly 5%. But those losses pale in comparison with Chesapeake Energy (CHK), the energy giant that plummeted as much as 51% amid bankruptcy fears. Chesapeake denied it’s currently planning to file for bankruptcy, but its stock still closed down 33% on the day.
On Monday the carnage continued, and this pushed the Nasdaq down to its lowest level in almost 18 months…
Technology shares with lofty valuations, including those of midcap data analytics company Tableau Software Inc and Internet giant Facebook Inc, extended their losses on Monday following a gutting selloff in the previous session.
Shares of cloud services companies such as Splunk Inc and Salesforce.com Inc had also declined sharply on Friday. They fell again on Monday, dragging down the Nasdaq Composite index 2.4 percent to its lowest in nearly 1-1/2 years.
Those that read my articles regularly know that I have been warning this would happen.
All over the world we are witnessing a financial implosion. As I write this article, the Japanese market has only been open less than an hour and it is already down 747 points.
The next great financial crisis is already here, and right now we are only in the early chapters.
Ultimately what we are facing is going to be far worse than the financial crisis of 2008/2009, and as a result of this great shaking the entire world is going to fundamentally change.
Most Americans have absolutely no idea how incredibly vulnerable our electrical grid is, but Ted Koppel does. For many years, Koppel was the level-headed host of Nightline on ABC, but now he is issuing a very chilling warning to America. For more than a year, he investigated potential threats to our power grid, and he has detailed what he discovered in a new book entitled “Lights Out“. He is convinced that a massive cyberattack could take down our entire electrical grid for an extended period of time, and he was horrified to learn that the Department of Homeland Security really doesn’t have a plan for how to deal with this kind of a scenario.
What Koppel found out during the course of his investigation freaked him out so much that he actually decided to buy freeze-dried food for himself, his children, and even his grandchildren. The following comes from CBS News…
In “Lights Out,” Koppel paints a grim picture of a paralyzing power outage in the form of an all-out cyberattack on the nation’s electrical grid.
“It’s frightening,” Koppel said. “I mean, it is frightening enough that my wife and I decided we were going to buy enough freeze-dried food for all of our kids and their kids.”
Koppel believes that Russia, China and Iran already have the ability to conduct such attacks. And actually, the truth is that many other nations such as North Korea have been rapidly developing the capability to conduct such operations as well.
It is only a matter of time until we see absolutely massive cyberattacks unleashed against national power grids, and the United States is the most likely target. Unfortunately for us, our government has done very little to prepare for this eventuality. Here is more from CBS News…
Koppel says the one agency that would be ready to counter a cyberattack such as this is the Department of Homeland Security. But are they ready?
“No,” he said. “I’ve talked to every former Secretary of Homeland Security, and they all acknowledge there is no plan.”
And the current Secretary, Jeh Johnson, didn’t offer much guidance to Koppel, either: “I kept asking ‘What’s the plan?’ Why wait until disaster strikes? Why not tell ’em? Do you have a plan?’ And he just sort of pointed up at a shelf filled with white binders and he said, ‘Look, I’m sure there’s something up there somewhere.'”
But we have been warned. In fact, just recently there was a major congressional hearing about this. At that hearing, one member of Congress explained that there is a significant attack on our power grid once every four days…
Such attacks hit the nation’s electric grid once every four days, according to estimates, Rep. Randy Weber, a Texas Republican, said at the House Subcommittee on Research and Technology hearing. The session was focused on better protecting the nation’s power grid and identifying its vulnerability to cyberattacks.
“In over 300 cases of significant cyber and physical attacks since 2011, suspects have never been identified,” Weber said.
And of course it isn’t just a cyberattack that we need to be concerned about. As I wrote about just over a month ago, a giant electromagnetic pulse either from the sun or from a weapon could fry our grid at any time as well.
Perhaps this is not something that you are making preparations for personally, but the White House sure is. According to the Houston Chronicle, the White House just released a plan that details how it would respond to an EMP event…
The White House Thursday released a contingency plan for about the most terrifying scenario possible: a massive electromagnetic pulse (EMP) that wipes out the power grid.
Just imagine no more cell phones, Internet, credit cards, gas pumps, running water, electric lights or industry in a single fateful moment.
It could come from a solar flare that sends ultra-high-energy particles cascading toward the earth, frying every electrical transformer they encounter. So the White House, in conjunction with 24 other federal agencies, published a “National Space Weather Strategy” and accompany action plan, outlining a response if such a disaster were to occur.
I don’t know if any of us can really imagine how crazy things would get if the lights went out and never came back on. We have all become so incredibly dependent on computers, cell phones, televisions, ATMs, heating and cooling systems, credit card readers, gas pumps, cash registers, refrigerators, hospital equipment etc. What would life be like if suddenly we couldn’t use any of those things anymore?
At some point there will be a massive power grid failure. It is just a matter of time. And as space weather consultant John Kappenman recently told Gizmodo, when it happens power might not be restored for months or even years…
“If you take electricity away, either immediately or within a short period of time, you’ll suffer the failure of all critical infrastructure,” Kappenman said. This includes things like water, sewage treatment, gas stations, banks and hospitals. “One of the concerns that we have is that in the worst case scenarios, we could be looking at weeks, months, maybe even years before restoration of the grid.”
That’s why preppers are taking a longer view. “I have a five year supply of food for employees and family,” a source who requested anonymity told Gizmodo. This individual says he’s rigged up a 12.5 kW solar array in the “remote wilderness,” complete with “power outlets and water spigots about every 50 feet” to support a small fleet of RV trailers for the long haul. Other preppers agree that a multi-year food and water supply is crucial. Some are also stockpiling large quantities of medications (“five year supplies of meds can be obtained from Asia without prescriptions,” one source told Gizmodo).
For much more on what we could potentially be facing, I encourage you to check out the following articles…
So how can we get prepared? The YouTube video that I have posted below was produced by Infowars, and it contains advice from renowned survivalist experts including James Wesley Rawles. I think that you will find it to be very helpful…
I am mourning for America, because she is dying. I am mourning for a nation that once knew such greatness but that has now fallen to depths that were once unimaginable. I am mourning for the death and destruction that are coming, and I am mourning for a future that our children and our grandchildren will never get to see. I am mourning for a nation that has refused to listen to the warnings and that now stands on the precipice of judgment. I am mourning for games that will never be played, for books that will never be finished, for family vacations that will never get to happen and for memories that will never be made. I am mourning for the economic depression that is coming, for the horror and suffering that friends and family will endure, and for the coming death of the country where I drew my first breath.
To many, these words will seem “over the top” and overly dramatic. After all, despite the thousands of problems facing this nation, things still seem very “normal” at this moment. Well, if you don’t “get” what I am saying right now, just bookmark this page and come back to it later. Eventually it will make sense to you.
Last week, I was invited to be a guest on a major television show that is beamed into the homes of millions of people in the United States and Canada. If you get a chance to view the shows that are being aired this week, you will notice that I wore all black.
I wasn’t just making a fashion statement. I was doing it because I am in mourning for America. Unlike so many that talk about the horrible things that are ahead for this country, I actually love the United States. I truly wish that this nation had become everything that it could have become. I love the part of the country where I currently live, I love the amazing people that I am constantly meeting, and I love the things that I have been able to experience just because I am an American.
Unfortunately, everything is about to change.
There are many out there that believe that America is still a great nation. Well, great nations do not murder tens of millions of their own children. As Dr. Chuck Missler has pointed out, the most dangerous place to be in America today is in a mother’s womb.
Since Roe v. Wade was decided in 1973, more than 56 million babies have been purposely destroyed in this country.
What does a nation that has murdered 56 million of its own children deserve?
I believe that we have just come out of a season of time when America has been shown exactly why it is about to be judged.
It is no accident that the undercover Planned Parenthood videos were released when they were. Now the entire world knows that we slaughter our babies, harvest their organs and sell them off to the highest bidder.
So what has the response of the American people been to the revelation of this great evil?
Yes, a small minority of Americans have gotten upset, but most people have been completely unmoved by this news.
Our government gives Planned Parenthood hundreds of millions of dollars each year, and that isn’t going to change. Planned Parenthood is just going to keep doing what they do, and the American people are just going to go back to ignoring the unprecedented holocaust that is happening behind closed doors all over the nation.
This past summer we also witnessed what I believe is the perfect bookend for the Roe v. Wade Supreme Court decision of 1973. The institution of marriage was permanently altered in all 50 states, and most of the nation greatly rejoiced.
The White House was lit up with rainbow colors to honor what the Supreme Court did. The rainbow is a symbol of God’s covenant with Noah, and in the book of Revelation there is a rainbow around the throne of God. They have taken this symbol that belongs to God, and they are using it as a symbol of their defiance.
Of course these things that I have just mentioned are just the tip of the iceberg. The truth is that evil is growing in this nation in thousands of different ways. Every year there are 20 million new cases of sexually transmitted disease in the United States, we have the highest divorce rate in the entire industrialized world, and nearly one out of every five American women say that they have been raped at some point in their lives. In the United States today, there are 60 million people that abuse alcohol and there are 22 million people that use illegal drugs. America produces more pornography than the rest of the world combined, and surveys have found that Christian men use it at just about the same rate as everyone else.
I will not be publishing an article tomorrow. In a few hours, Yom Kippur will begin where I live. It is the most solemn of all the holidays described in the Bible, and it is a time of repentance. I will be praying for myself, my family, my community and my nation.
If America had repented as a nation and had turned from her wicked ways, we would not have to go through the things that we are about to go through.
I believe that the time of grace that the United States has been given to repent is ending.
I know that this is very different from my usual format. Is it okay if I just share what is on my heart from time to time? On Thursday I will get back to sharing the facts, figures and hard information that you all have come to expect from me. But today when I woke up I just felt that I should share these things with you.
Very shortly, things are going to start changing in a major way.
America is dying, and the hardest times that any of us have ever seen are right in front of us.
After all these years, the most famous investor in the world still believes that derivatives are financial weapons of mass destruction. And you know what? He is exactly right. The next great global financial collapse that so many are warning about is nearly upon us, and when it arrives derivatives are going to play a starring role. When many people hear the word “derivatives”, they tend to tune out because it is a word that sounds very complicated. And without a doubt, derivatives can be enormously complex. But what I try to do is to take complex subjects and break them down into simple terms. At their core, derivatives represent nothing more than a legalized form of gambling. A derivative is essentially a bet that something either will or will not happen in the future. Ultimately, someone will win money and someone will lose money. There are hundreds of trillions of dollars worth of these bets floating around out there, and one of these days this gigantic time bomb is going to go off and absolutely cripple the entire global financial system.
The derivatives genie is now well out of the bottle, and these instruments will almost certainly multiply in variety and number until some event makes their toxicity clear. Central banks and governments have so
far found no effective way to control, or even monitor, the risks posed by these contracts. In my view, derivatives are financial weapons of mass destruction, carrying dangers that, while now latent, are potentially lethal.
Those words turned out to be quite prophetic. Derivatives have definitely multiplied in variety and number since that time, and it has become abundantly clear how toxic they are. Derivatives played a substantial role in the financial meltdown of 2008, but we still haven’t learned our lessons. Today, the derivatives bubble is even larger than it was just before the last financial crisis, and it could absolutely devastate the global financial system at any time.
Thirteen years after describing derivatives as “weapons of mass destruction” Warren Buffetthas reaffirmed his view that they pose a threat to the global economy and financial markets.
In an interview with Chanticleer this week, Buffett said that “at some point they are likely to cause big trouble“.
“Derivatives, lend themselves to huge amounts of speculation,” he said.
Most of the time, the big banks that do most of the trading in these derivatives do very well. They use extremely sophisticated computer algorithms that help them come out on the winning end of these bets most of the time.
But when there is some sort of unforeseen event that suddenly causes a massive shift in the marketplace, that can cause tremendous problems. This is something that Buffett discussed during his recent interview…
“The problem arises when there is a discontinuity in the market for some reason or another.
“When the markets closed like it was for a few days after 9/11 or in World War I the market was closed for four or five months – anything that disrupts the continuity of the market when you have trillions of dollars of nominal amounts outstanding and no ability to settle up and who knows what happens when the market reopens,” he said.
So if the markets behave fairly calmly and predictably, the derivatives bubble probably will not burst.
But no balancing act of this nature ever lasts forever. Just remember what happened in 2008. Lehman Brothers collapsed and then the financial system virtually froze up. According to Forbes, at that time almost everyone was afraid to deal with the big banks because nobody was quite sure how much exposure they had to these risky derivatives…
Fast forward to the financial meltdown of 2008 and what do we see? America again was celebrating. The economy was booming. Everyone seemed to be getting wealthier, even though the warning signs were everywhere: too much borrowing, foolish investments, greedy banks, regulators asleep at the wheel, politicians eager to promote home-ownership for those who couldn’t afford it, and distinguished analysts openly predicting this could only end badly. And then, when Lehman Bros fell, the financial system froze and world economy almost collapsed. Why?
The root cause wasn’t just the reckless lending and the excessive risk taking. The problem at the core was a lack of transparency. After Lehman’s collapse, no one could understand any particular bank’s risks from derivative trading and so no bank wanted to lend to or trade with any other bank. Because all the big banks’ had been involved to an unknown degree in risky derivative trading, no one could tell whether any particular financial institution might suddenly implode.
After the crisis, we were promised that something would be done about the “too big to fail” problem.
But instead, the problem of “too big to fail” is now larger than ever.
Since the last financial crisis, the four largest banks in the country have gotten approximately 40 percent larger. Today, the five largest banks account for approximately 42 percent of all loans in the United States, and the six largest banks account for approximately 67 percent of all assets in our financial system. Without those banks, we would not have much of an economy left at all.
Meanwhile, smaller banks have been going out of business or have been swallowed up by the big banks at a staggering rate. Incredibly, there are 1,400 fewer small banks in operation today than there were when the last financial crisis erupted.
So we cannot afford for these “too big to fail” banks to actually fail. Even the failure of a single one would cause a national financial nightmare. The “too big to fail” banks that I am talking about are JPMorgan Chase, Citibank, Goldman Sachs, Bank of America, Morgan Stanley and Wells Fargo. When you total up the exposure to derivatives that all of them currently have, it comes to a grand total of more than 278 trillion dollars. But when you total up all of the assets of all six banks combined, it only comes to a grand total of about 9.8 trillion dollars. In other words, the “too big to fail” banks have exposure to derivatives that is more than 28 times the size of their total assets.
I have shared the following numbers with my readers before, but it is absolutely crucial that we all understand how exceedingly vulnerable our financial system really is. These numbers come directly from the OCC’s most recent quarterly report (see Table 2), and they reveal a recklessness that is almost beyond words…
Total Assets: $2,573,126,000,000 (about 2.6 trillion dollars)
Total Exposure To Derivatives: $63,600,246,000,000 (more than 63 trillion dollars)
Total Assets: $1,842,530,000,000 (more than 1.8 trillion dollars)
Total Exposure To Derivatives: $59,951,603,000,000 (more than 59 trillion dollars)
Total Assets: $856,301,000,000 (less than a trillion dollars)
Total Exposure To Derivatives: $57,312,558,000,000 (more than 57 trillion dollars)
Bank Of America
Total Assets: $2,106,796,000,000 (a little bit more than 2.1 trillion dollars)
Total Exposure To Derivatives: $54,224,084,000,000 (more than 54 trillion dollars)
Total Assets: $801,382,000,000 (less than a trillion dollars)
Total Exposure To Derivatives: $38,546,879,000,000 (more than 38 trillion dollars)
Total Assets: $1,687,155,000,000 (about 1.7 trillion dollars)
Total Exposure To Derivatives: $5,302,422,000,000 (more than 5 trillion dollars)
Since the United States was first established, the U.S. government has run up a total debt of a bit more than 18 trillion dollars. It is the biggest mountain of debt in the history of the planet, and it has grown so large that it is literally impossible for us to pay it off at this point.
But the top five banks in the list above each have exposure to derivatives that is more than twice the size of the national debt, and several of them have exposure to derivatives that is more than three times the size of the national debt.
That is why I keep saying that there will not be enough money in the entire world to bail everyone out when this derivatives bubble finally implodes.
Warren Buffett is entirely correct about derivatives – they truly are weapons of mass destruction that could destroy the entire global financial system at any time.
So as we move into the second half of this year and beyond, you will want to watch for terms like “derivatives crisis” or “derivatives crash” in news reports. When derivatives start making front page news, that will be a really, really bad sign.
Our financial system has been transformed into the largest casino in the history of the planet. For the moment, the roulette wheels are still spinning and everyone is happy. But sooner or later, a “black swan event” will happen that nobody expected, and then all hell will break loose.
Not since the financial crash of 2008 have so many prominent people issued such urgent warnings about a specific time period. Almost daily now, really big names are coming out with chilling predictions about what they believe is going to happen during the second half of 2015. But it isn’t just that these people have a “bad feeling” about things. The truth is that we are witnessing a confluence of circumstances and events in the second half of this year that is unprecedented. This is something that I covered in a previous article that went mega-viral all over the Internet entitled “7 Key Events That Are Going To Happen By The End Of September“. Personally, I have never been more concerned about any period of time than I am about the second half of 2015. And as you will see below, I am definitely not alone.
Just a few days ago, I received an email that contained a chilling message from Lindsey Williams. You can view the same message that came to my email right here. According to Lindsey Williams, the elite insider that he is in contact with told him that there will be a global financial collapse between September and December of this year…
From Lindsey Williams: I just received an email from my Elite friend.
My Elite friend indicated that they have a World Wide Financial Collapse scheduled between September and the end of December 2015
You may have just THREE (3) months to prepare!
I have a ton of respect for Lindsey Williams, and I would listen to what he has to say very carefully. Back in 2008, an elite insider told him that the price of oil would drop from $140 a barrel to $40 a barrel, and it happened. This time around, Williams has been telling us throughout 2013 and 2014 that a global financial collapse was not going to happen during those years, and he was right about that.
But now he is sounding the alarm that one is going to come by the end of this calendar year.
Martin Armstrong is someone else that has been sounding the alarm about the second half of this year.
In fact, Armstrong says that he has “warned that the Big Bang was coming 2015.75” since 1985.
Armstrong has developed one of his own, and he calls it the Economic Confidence Model. According to the ECM, the “sovereign debt Big Bang” is scheduled to happen by the end of 2015. And it turns out that the time period that Armstrong has been pointing to lines up with a whole bunch of other significant events as well…
There are many aspects that are lining up with the turn in the ECM (Economic Confidence Model) from the Blood Moon and the Jewish Year for forgiving the debts, to France imposing restrictions on cash in September, and even in Germany the laws that protected about half a million people so-called dachas there in East Germany expire. To date, a law protecting the tenant against dismissal by the municipality will also expireOctober 3, 2015. Everywhere we look, there are changes coming to a head, right down to the U.S. Federal budget with 2015.75.
In case you are tempted to dismiss this as nonsense, Armstrong has pointed out that his ECM has been accurate “to the day” in the past…
Of course the 1987 crash bottomed to the day with the ECM confirming that was the low. The same took place in 1994 where the U.S. share market bottomed right to the day, once again confirming this was an important low.
This next turning point should be the peak in the concentration of capital and confidence in government. From there on out, 2015.75 should mark the change in trend where people will start to disbelieve government on a grand scale. The debt markets that peak precisely with the target are going to get the worst of it.
Other financial experts are issuing similar warnings, even if they aren’t being quite as specific.
For example, just consider what Jim Rogers had to say recently…
I suspect in the next year or two we will see some kind of major, major problems in the world financial markets.
I would suspect when we have this correction, it’s going to cause central banks to panic. There’s going to come a time when there is not much the central banks can do when they have lost all credibility. When governments have lost all credibility. They will print and spend and borrow, but there comes a time when people are just going to say We don’t want to play this game anymore. And at that point, the world has serious, serious problems because there’s nothing to rescue us.
Perhaps the most sobering warning of all that I have come across in recent days is from Alex Jones.
In the video posted below, he explains that he recently received “two different calls” from “extremely prominent wealthy people” warning him about what is coming by the end of this year and asking him why he isn’t leaving the United States “before October”.
In this video, Alex also explains that large numbers of insiders are now quietly leaving the country. I have never seen him quite like this. I think that so many of us are just in shock that the things that we have been warning about for so long are now actually happening. Watch this video for yourself and see what you think…
In the financial markets, we are also seeing signals that many people believe that big trouble is right around the corner. For instance, according to Dana Lyons we haven’t seen bets that the VIX will rise at this level since just before the financial crash of 2008…
As most observers are aware, the VIX tends to rise as the stock market declines. Thus a rising VIX is associated with bad markets. The interesting thing about present conditions in VIX options is that the Put/Call Ratio (using a 21-day average) is at the lowest level since the summer of 2008. That means that there are more bets on a rising VIX versus bets on a falling VIX than we have seen in 7 years. And again, a rising VIX is associated with bad markets.
In other words, investors are betting a tremendous amount of money that we are going to see a rise in volatility in the financial markets in the months ahead. And as I have explained so many times before, during times of high volatility markets tend to go down very rapidly. So these bets will pay off very handsomely if there is a financial crash this fall.
Meanwhile, the manager of one of the largest bond funds in the UK is warning that a “systemic event” could soon hit global financial markets and that it is wise to have some “physical cash” at home just in case there is some sort of major emergency. The following comes from Zero Hedge…
The manager of one of Britain’s biggest bond funds has urged investors to keep cash under the mattress.
Ian Spreadbury, who invests more than £4bn of investors’ money across a handful of bond funds for Fidelity, including the flagship Moneybuilder Income fund, is concerned that a “systemic event” could rock markets, possibly similar in magnitude to the financial crisis of 2008, which began in Britain with a run on Northern Rock.
“Systemic risk is in the system and as an investor you have to be aware of that,” he told Telegraph Money.
The best strategy to deal with this, he said, was for investors to spread their money widely into different assets, including gold and silver, as well as cash in savings accounts. But he went further, suggesting it was wise to hold some “physical cash”, an unusual suggestion from a mainstream fund manager.
But to hear it from a member of Britain’s financial elite is definitely unusual to say the least.
Sadly, just like last time, most people are not listening to the warnings. Back in the summer of 2008, my wife and I went up to visit her parents. I sat on their sofa and told them that a great financial collapse was about to unfold and that it would shake the entire world. Of course just a few months later that is exactly what happened.
Now we are on the verge of an even greater financial collapse, and still I find that there are a lot of people out there that are doubters. Most of these doubters have an immense amount of faith in the system, and they are confident that this debt-fueled bubble of false prosperity that we are currently enjoying can somehow last indefinitely.
I truly wish that the hopeless optimists were right.
I truly wish that I could live out my days in peace and quiet in a world that was safe and stable.
Are you ready for rioting, looting and mindless violence in major U.S. cities all summer long? According to a brand new Wall Street Journal/NBC News poll, 96 percent of all Americans believe that there will be more civil unrest in America this summer. That leaves only 4 percent of people that believe that everything will be just fine. In this day and age, it is virtually impossible to get 96 percent of Americans to agree on anything. So the fact that just about everyone agrees that we are going to see more civil unrest should really tell you something. The anger that has been building under the surface for so many years in this country has finally started to erupt. If you have been following my website for a while, you know that this is something that I have been warning about for a very long time. Many people may have thought that I was exaggerating when I talked about the civil unrest that was coming to American cities. But I was not exaggerating at all. In fact, if anything I was downplaying it. In the years to come, we are going to see things happen in our cities that are going to absolutely shock the world.
Ever since the violence first erupted in Baltimore, what has surprised me more than anything has been the level of hate that I am seeing all over the Internet. I am seeing white people openly proclaim how much they hate black people. I am seeing black people openly proclaim how much they hate white people. I am seeing things said about the police that are absolutely horrifying. Yes, there has been a tremendous amount of police brutality in this nation. In fact, I have been one of the leaders in writing about it. But most police officers are just trying to serve their communities the very best that they can. So why is there so much hate for anyone that is a police officer these days?
If all of this hate continues to grow, it is going to eat our nation alive. Why can’t we just learn to forgive one another, love one another and work together to rebuild our once great nation?
I know that what I just said is going to mostly fall on deaf ears. But it needs to be said.
I wish that we could change course as a nation and avoid all of the rioting, looting and senseless violence that is coming. Unfortunately, I don’t see that happening, and neither does the rest of the country…
Americans are bracing for a summer of racial disturbances around the country, such as those that have wracked Baltimore, with African Americans and whites deeply divided about why the urban violence has occurred, a new Wall Street Journal/NBC News poll has found.
A resounding 96% of adults surveyed said it was likely there would be additional racial disturbances this summer, a signal that Americans believe Baltimore’s recent problems aren’t a local phenomenon but instead are symptomatic of broader national problems.
What happened in Ferguson set the precedent, and now what has happened in Baltimore has provided the spark for a national movement. Similar “demonstrations” are popping up all over the nation, and a number of them have already turned violent.
For example, check out what happened in Seattle on Friday night…
Demonstrations turned violent in Seattle after night fell, with police reporting that protesters hurled rocks and wrenches at officers and damaged 25 vehicles. Police reported that an “explosive device” was thrown at officers, and a trash bin was pushed down a hill toward police.
Three officers were injured, two seriously enough that they were taken to a hospital, Seattle police said on Twitter. At least 16 people were arrested Friday night, police said.
And just down the coast in Portland, we also witnessed some very ugly violence…
One Portland, Oregon, police officer was injured by a protester, according to police. Portland Police reported on Twitter that protesters were throwing “projectiles” and “incendiary devices” at officers.
Police used pepper spray on protesters who tried to march on a bridge Friday afternoon and later sheriff’s deputies used stingballs, filled with tiny rubber balls, on protesters who were throwing chairs at police, according to the department.
During a Baltimore-based radio talk show on Thursday, a man who identified himself as a Baltimore police officer named “Jeff” called into the program and said fellow police officers were organizing to push out the city’s mayor.
“There is right now over 50 of us officers who are immediately asking for [Baltimore Mayor] Stephanie Rawlings-Blake to step down for what she did to us Monday,” the caller told WBAL radio host Derek Hunter.
The Baltimore mayor has denied giving “stand down” orders and blamed the media for misinterpreting her comments about providing “a space” for protesters to loot.
“Any other time in my career, if somebody were to throw a brick or a block at me, we would take immediate actions to pull our weapons on them. Numerous times on Monday when our officers were being injured, our commanders are telling us ‘stand down, stand down.’ You had no idea what it did to us as police officers to sit there,” said the self-described “21-year veteran” of the Baltimore police department.
Scenes of protesters attacking police were broadcast all over the nation, and it was inevitable that we would start to see “copycat attacks” against the police start to happen. In New York City, a plainclothes police officer was shot in the head on Saturday…
A plainclothes New York City police officer was shot in the head and critically injured while in an unmarked police car Saturday as he and his partner attempted to stop and question a man they suspected of carrying a gun, officials said.
Officer Brian Moore and his partner, Erik Jansen, noticed Demitrius Blackwell “walking and adjusting an object in his waistband” when they pulled up on him in their car, exchanging words with him before he turned and suddenly fired at least two rounds into the car, police Commissioner William Bratton said.
“The man immediately removed the firearm from his waistband and turned in the direction of the officers and deliberately fired several times at the vehicle, striking Officer Moore in the head,” Bratton said at a press conference at a Queens hospital. The 25-year-old Moore was undergoing surgery but listed in stable condition.
We are seeing the same thing when it comes to racially-motivated violence. This is something that we witnessed in Baltimore, and now all over the nation people are being attacked just because of the color of their skin.
A Fontana man accused of beating a passerby with a bat in an apparently random attack in Rialto, leaving the victim with life-threatening injuries that he was not expected to survive, was charged Wednesday with attempted murder allegedly committed as a hate crime.
Jeremiah Ajani Bell, 22, was arrested Monday, a day after a daylight assault on 54-year-old Armando Barron, who was walking down the street when he was attacked.
“It appears he was targeting anybody who wasn’t black,” Rialto police Detective Sgt. Paul Stella said Wednesday.
We witnessed an even more disturbing example of racially-motivated violence just the other day in South Carolina…
Witnesses and police say a mob of 60 black teens took to the streets of Charleston, South Carolina, to unleash attacks on unsuspecting drivers and pedestrians, all but one of whom were white.
And of course police in some areas of the country are also using unnecessary violence. Just consider what happened to a group of peaceful protesters in Denver on Wednesday…
With much of the nation focused on the police abuse protests happening in Baltimore and New York City, the Denver police and their actions against a group of protesters on Wednesday has largely gone unnoticed.
But police were dressed for war. Paramilitary style. And they weren’t going home without using a few cans of pepper spray and filling up a paddy wagon.
Video that surfaced shows a group of about 100 protesters walking the streets of downtown Denver where they were met with line of motorcycle cops who forced the group on to the sidewalk. One overzealous officer can be seen breaking away from the pack chasing down pedestrians, using his motorcycle as a large weapon.
It’s war on the streets of America, and this is only just the beginning.
As we enter the next major economic downturn, people are going to become angrier and even more desperate. And desperate people do desperate things. The next few years are not going to be a good time to be living in urban areas. Even if you only have peace and love in your heart, that doesn’t mean that you won’t get caught in the crossfire as the violence escalates.
For years, most of our politicians have been preaching hate and division. For years, the mainstream media has been preaching hate and division. For years, Hollywood has been preaching hate and division.
Now we have a nation that is deeply, deeply divided and that is filled with hate.
Things didn’t have to turn out this way, but they did. I hope that you are getting ready for what comes next.