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The Dow Has Already Fallen Nearly 900 Points From The Peak Of The Market

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Financial Crisis Stocks - Public DomainIn an eerie repeat of what we witnessed in 2008, U.S. stocks are steadily sliding throughout the summer as we head toward the month of September.  From August 1st, 2008 to September 1st, 2008 the Dow fell by nearly 700 points.  And of course we all remember what happened the following month.  Right now, we are watching a similar thing happen.  The Dow has plummeted nearly 700 points since July 16th, and it is down nearly 900 points from the peak of the market back in May.  At this point the Dow has now fallen for six days in a row and eleven of the last thirteen.  Of course most of the talking heads on television are still insisting that everything is going to be just fine and that a repeat of 2008 is not possible.  So what do you think?  Should we trust them?

Personally, I find that I put a lot more faith in cold, hard numbers than in what the talking heads on television have to say.  And at this moment, the cold, hard numbers are telling us that another financial crisis in imminent.

This is one of the reasons why I am such a fan of Zero Hedge.  Nobody stays on top of the hard financial numbers like Zero Hedge does.  And according to Zero Hedge, market internals are absolutely screaming that a U.S. stock market crash is right around the corner

In early 2007, market internals began to weaken dramatically. Talking heads and asset gatherers said fears were overblown, risk was contained, Fed has it under control, stay the course. Six months later, the equity markets began to collapse and then accelerated lower. Today, in an eery case of deja vu all over again, it has been six months now since US equity market internals began to decouple from the manipulated index levels that manufacture wealth and happiness across America… what would you do?

Here is the chart that immediately followed that paragraph.  As you can see, we are repeating the exact same pattern that we witnessed back during the last financial crisis…

Internals - Zero Hedge chart

Meanwhile, the second largest stock market in the world is already crashing.  The Chinese have spent approximately 1.3 trillion dollars propping up stocks in China, but they just continue to fall.  They were down again on Wednesday night, and nobody is quite sure when the carnage is going to end.

And remember, Chinese stocks started to crash before U.S. stocks did in 2008 as well.

Another eerie similarity to 2008 is the behavior of oil.  In the summer of 2008, the price of oil crashed hard, and then a stock crash followed a couple of months later.

Well, guess what?

The price of oil is crashing hard once again.  The following comes from CNBC

Oil set multi-month lows on Thursday as investors and traders sought clues about the market’s next bottom after a large drop in U.S. crude inventories failed to boost prices.

A bigger-than-expected build in U.S. gasoline stockpiles last week proved more important to investors than crude storage numbers that came in three times below forecast on Wednesday.

U.S. crude was down 50 cents at $44.65 a barrel at 1:30 p.m. EDT (1730 GMT), after touching a 4½ month bottom at $44.20.

Why can’t more people see the signs?

They are so obvious.

We are also getting indications that the real economy is starting to be affected by all of this chaos.  The mainstream media has been very quiet about this, but the number of job cuts just hit a four year high

Challenger, Gray & Christmas has released its monthly job cuts for July, and it is ugly. The 105,696 job cuts was the highest number since 2011. To put this in perspective, the July job cuts total is a whopping 136% higher than the 44,842 job cuts reported in June, as well as 125% higher than the in same report a year ago.

The July report showed that the last time more than 100,000 job cuts were announced was back in September 2011, when there were some 115,730 layoffs.

Another bad trend is that July’s surge now brings the year-to-date job cuts up to a total of 393,368. That is 34% higher than the run rate for the same period in 2014.

If alarm bells are going off in your head right now, that is good, because they should be.

A 34 percent increase in job cuts is not a good thing.

Of course it would probably help if the Obama administration was not bringing in far more immigrant workers than the limits that have been officially set by Congress.  Just check out these numbers

In written responses to the Senate Judiciary Immigration and the National Interest Subcommittee Republicans obtained by Breitbart News, U.S. Citizenship and Immigration Services reveal that the Obama administration has been approving work authorizations for immigrants beyond admission limits and for some categories of immigrants that Congress never intended to work in the U.S.

Beyond those limits each year, these new and renewed work permit approvals amounted to about 1.23 million in fiscal year 2009, 1.08 million in FY 2010, 970,277 in FY 2011, 1.24 million in FY 2012, 1.68 million in FY 2013 and 1.24 million in FY 2014.

Also, this is the first time that imports and exports have both been declining on a year over year basis since the last recession.  Just check out this chart and this chart.

When imports and exports are both falling, that means that economic activity is slowing down.  And we are seeing a similar thing happen all over the planet.  At this point, global trade has fallen by a total of about 2 percent over the past six months.

Are you starting to get the picture?

Just like in the summer of 2008, global economic activity is diminishing and things in the financial world are lining up in textbook fashion for a major crisis.

But for those that are not convinced by now, there is not that much more that I can do.  I could keep throwing out numbers and charts and graphs, but if people refuse to see the truth they simply will not see it.

Less than a month from now, we will officially be in the danger zone.

September is coming, and I truly hope that you are already prepared for it.

  • Drowning in Debt

    Should have never come to this. The key requisites for a sustainable economy are fiscal responsibility, transparency,and fairness. The Global economic system has none of those qualities.

    • Mike Smithy

      But, but, but the Fed told us that we can print our way to prosperity.

  • Mondobeyondo

    It’s official: Time to start getting goosebumps.

    As Yogi Berra once said, “It’s deja vu all over again”. Or to quote a Prince song (well, sort of) – “If you haven’t started getting ready, it’s almost too late/Next month we’re gonna party like it’s 2008″

    • Guest

      Yogi had some good ones, eh?

      “Even Napoleon had his Watergate.”

      LOL.

      • OYBT

        “The future ain’t what it used to be!”

  • Alwaystomorrow

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

    Published 6/25/2015

    148 days until 12/31/2015.

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

    • Liberty First

      What if he is right? Just saying….hope you are prepared.

      • Alwaystomorrow

        Nice polite response. Thank you.

    • Orac4Prez

      To think, there hadn’t been a “pink” or “rainbow” alert!

  • ProclaimingGodsTruth

    Another end of a Shemitah cycle Michael – Elul 29, 2015. But this year that falls on a Sunday. Stock Market closes Fri 9/11. Significant…?
    The signs are all indicating something big in financial markets is about to happen.
    Thanks for all the warnings you have given us. Only those sincerely watching will be prepared … in mind, soul and spirit, that is.
    Maranatha!

    • Guest

      Amen. Maranatha!

    • MichaelfromTheEconomicCollapse

      Thank you for those kind words – next month should definitely be very interesting.

    • The Money Hater

      David Rockefeller Warren Buffett Ted Turner Bill Gates Jamie Diamon George Soros all you other rich fat cats in the world all loose your money fast. The faster the stock market crashes the sooner you rich fat cats loose your money.

      • Dave

        They already all bought gold, land and REAL tangible assets. It’s the stock market idiots who will all go belly up.

        • Jeff Spicoli

          Yes Dave you are correct. The big time
          destination is South America. I have some surfing buddies in Chile who cashed out of California last year and moved. In our conversations they remarked about some familiar faces they have seen out and about. I plan on being out of U.S. by end of August.

          • Rick

            I guess there are still a few of you smart Californians left. But not for long. The smart ones are leaving before the water runs dry there. A 5 million dollar home sitting in a desert with no water is about as valuable as the stuff my dog produces in the backyard every day.

          • SunnyFlaSnotress

            No water.. oh come on.. just because the rich might not be able to fill their pool doesn’t mean they won’t be able to pay more for water than others.
            The rich can survive on as much water as anyone else, even if the grass won’t be as green.

          • Quetzol-43

            If the ring of fire is getting active, there are going to be tidale waves.

          • SunnyFlaSnotress

            Good luck!

      • John C

        They will make plenty going short, sorry to disappoint you. The non-pro mom and pop investors will lose money.

        • Mike Smithy

          Yep. Only the members of the inside track club know when the Fed is going to pull the plug. Once the insiders receive the secret memo, they will place their bets going short and the mom & pop investors will be left holding the bag. Same as it ever was.

      • Gay Veteran

        and the Koch brothers

        • Liberal lol cow

          Bush, don´t forget Bush, stop blaming Obama for what he did!

          Blame Bush and the Kosher Brothers, it´s all their fault!

          • Gay Veteran

            Obama = Bush = Clinton

            understand now?

          • Blame Bush

            The Koch bros are nowhere as nefarious as George Soros, except in the drug-addled minds of anarkiddies.

          • Gay Veteran

            they’re just oligarchs who buy politicians, so welcome to our neofeudal society

      • SunnyFlaSnotress

        Dave is right. The Fat Wallets aren’t going to suffer as much as the Little Guy.

      • Rebel

        The Rockefellers, Rothchilds, and other Sorros, are the ones manipulating the econnomy, in order to bring about their world dictatorship.
        They’ve been ready for what’s about to happen for a long time.
        My God! How naive can people be!

    • yellowpoppy

      I totally agree. I have been reading Michael’s reports on a daily basis for some time now, I have also read the Shemitah book and I’m totally convinced that the S*** will hit the fan in September. I have been trying my best to warn people but like Michael says, some people just cannot see what is right in front of their eyes.

      • afchief

        Yes, I took believe it is going to happen. Just not when we expect it. Matthew 24:43-44

    • OzSurvivalGuy

      Amen bro!

    • GSOB

      What ought to be most significant is what the Lord has said…..
      Matthew 24:36

      &

      Acts 17:30, 31
      Do not continue to be misled and thus mislead others…
      No one KNOWS except the Father.
      Believe that?

      • ProclaimingGodsTruth

        Oh yeah, I believe it! However, my comment above had nothing to do with His return. And don’t forget that we cannot know the day and hour but WE CAN know the season. 1 Thessalonians 5:2-6

        Do you believe this friend?

        • GSOB

          Fulfilled

        • afchief

          Every time man has said something “bad” was going to happen, they have failed.

          As a Christian I too feel something is going to happen. Just not when we think.

        • SunnyFlaSnotress

          No

      • Gay Veteran

        parrot

    • SunnyFlaSnotress

      I don’t think September or October are going to be as amazing as you all think. Some slacking,.. ok. Horrible plunge, no.

      • autofixer

        Why not? That is historically when they occur? I’m not referring to the Shemitah only historical data.

        • SunnyFlaSnotress

          That is true, but you can see how manipulated this market is.. that’s why the manipulators will go for different timing.

          • Quetzol-43

            The 7 years thing is simply an operational procedure necessary to the continued rigging and manipulation of the financial market, it helps make the whole thing more predictable and hence more controlable.

    • rainmaker

      This is becoming very interesting. The markets have already started crumbling. I am constantly wondering what the final numbers will look like on Wall Street after the Shemitah weekend passes and the NYSE opens on Monday September the 14th. Will there be a mass panic or exchange closure? Will there be an external terrorist related event? We have five weeks to find out. Hope for the best. Prepare for the worst.

  • K

    Why can’t more people see the signs? Because they choose not to see. I can remember a time, when people who wanted to be out of contact with reality, to this extent. Needed a fair amount of booze or drugs to achieve it. Now many seem to be able to attain an altered reality, without either one.

    • MichaelfromTheEconomicCollapse

      Well said K.

    • Mike Smithy

      I believe it was Ayn Rand having said “You can ignore reality, but you can’t ignore the consequences of ignoring reality”. That goes double for the the CNBS media cheerleaders and the Keynesian Kool-Aid drinkers.

      • the ding dong creature

        I’m telling you Marc Dinger’s nose is starting to bend down more now. Some one needs to watch his big swoopy looking nose to see if it’s bending down more. That says it all. The stock marked is now crashing.

      • Greboada

        Nope, but you can blame others for the consequences of ignoring reality.

      • Nemnor

        If I correctly understand some of the writings of Ayn Rand. she also had a misguided/mistaken “faith” in what she perceived as “free market” Capitalism. It SEEMS like Ayn did not foresee that (“free market”) Capitalism was ‘destined’ to naturally and inevitably become decadent.

        Ryn probably thought that Capitalism had an inherent self-correcting mechanism to prevent it from eventually reaching a stage of general over-production. But, history shows that the likes of Ayn Rand, Adam Smith, etc. were definitely WRONG about the ability of Capitalism to actually allow for true abundance to reach every “rational” person.

        So far, Capitalism prove that the rich will get richer and relatively shrink in numbers, while the poor will relatively increase in numbers and WITHOUT any inherent “trickling down” of wealth towards the poor – meaning, the system is ultimately unsustainable. (right?)

        .

        • Mike Smithy

          Your historical spin is truly incredulous and yet you have never provided an example of an economic model worthy of replacing capitalism. By your lack of transparency, I can only assume that you are a closet Communist or Socialist. If I am wrong please elaborate on a specific economic model that the USA should emulate.

    • Drfeelgood

      Pharmaceuticals

      • Ponziconomy

        MSM/Pharma/Reality TV/Social media are all weapons at their disposal. We are truly behind enemy lines.

    • Nemnor

      K, the primary task of the major media networks is to distract the masses and to spread lies and half-truths, to keep peoples minds entrapped (they hope).

      The key objective of the educational system and the media networks in the USA and virtually every country in the World, is to – deceive you into believing that – “there is NO better alternative to the Capitalist economic system”.

      So, please KNOW that – even those who post in THIS blog against the Federal Reserve, corrupt politicians and greedy banks, or even quote what they perceive as “prophecy” from the “Christian” Bible and lament about the moral decay of society, are ALL still entrapped by the forces of EVIL, and are ALL actually part of the problem, IF they still believe that “Capitalism isn’t the problem”, and/or if they still believe that “there is no better alternative to Capitalism”.

      • Mike

        How did you learn about forces of evil? What is your source of truth, enlightened one?

        • greyprepper

          Too much Zeitgeist would be my guess.

          • Mike

            “Be warned, my son, of anything in addition to them. Of making many books there is no end, and much study wearies the body.” Ecclesiastes 12:12

        • Nemnor

          Mike, the best way to reach the greatest “truths” one can find is – to be brutally honest with ones self (easier said than done). This also means being at ALL times intellectually honest (at least with anyone you truly care about). And, by extension, this also means not being (unduly) “sarcastic” (as you SEEM to be?).

          Genuine honesty and objectivity (which also implies intellectual honesty) will help you to identify superstition and half-truths, and thus, shield your mind from the forces that are trying to entrap you.

          • Nemnor

            Give me a (vote up) if you think I am as amazing as I do.

          • SunnyFlaSnotress

            Different yes, Amazing.. well..

          • Nemnor (the original one)

            SunnyFlaSnotress, it was an IMPOSTOR using my ‘Username’ and asking for praise. Michael should be able to identify the REAL ‘Nemnor’ by looking at past posts (preferably the FIRST post) with the username – ‘Nemnor’ and see the related E-mail used.

            The intention of the pretender is to make fun or discredit me (of course), probably because the “truths” of my posts is making them uncomfortable?

          • Nemnor

            The main root cause for the major socioeconomic issues in the World is – decadent Capitalism itself – which is now NOT able to generate long-term recovery by economic means alone.

            I wrote the above post – about an impostor. And I first added “(the original one)” to the name – ‘Nemnor’.

            But then the impostor also used the name – ‘Nemnor (the original one)’, to cause confusion. Michael should do something about that person.

            I challenge the impostor to write (obvious) facts, weighing against Capitalism, as I do.

          • Nemnor (the original one)

            Someone PRETENDING to be me.

          • SunnyFlaSnotress

            oh ok :)

          • Nemnor

            And show that you are indeed “me” by ALWAYS stating (essentially) the following truth…

            The main root cause for the major socioeconomic issues in the World is – the Capitalist system itself – which is decadent and is now NOT able to generate long-term recovery by economic means alone.

          • Nemnor (the original one)

            Michael, this post (statement) above is someone PRETENDING to be me (by using the username – ‘Nemnor’).

            By “me”, I mean look for previous used of the name – “Nemnor” (and preferably the FIRST use of the name) and see which e-mail address is associated with it.

            Michael, I suggest that you update the source codes for this blog to allow for UNIQUE used of UserName. AND, either ensure that a related email address is always hidden from the public and/or have every poster verify their e-mail address.

          • Mike

            What I got from your response is, if you criticize the legitimate because you either don’t like it, or haven’t done enough research, and call yourself intellectual without providing any facts or answers, you win the argument.
            So your “truth” and “morality” comes from within yourself? Was is created when you were born into this world or did “It” exist before you?

          • Nemnor (the original one)

            You are correct about my lack of research, BUT I have a spectacular education (very expensive I might add)
            that I rely heavily on for my posts.

          • Nemnor

            The main root cause for the major socioeconomic issues in the World is – the Capitalist system itself – which is decadent> and is now NOT able to generate long-term recovery by economic means alone.

            (Michael, someone is pretending to be “me” by using the “Username” – ‘Nemnor’. You can identify “me” by looking at the original use of the name and the associated email address used. Please update this site to prevent this mischief.)

          • Nemnor

            The main root cause for the major socioeconomic issues in the World is – decadent Capitalism itself – which is now NOT able to generate long-term recovery by economic means alone.

            ANYONE can (objectively) look back at the past 3 or 4 decades and see that US Capitalism was indeed NOT able to generate long-term recovery. And, you can look at what is currently happening with the US economy (with the trillions in debts) and see that long-term recovery is no way in sight.

            The (above) post – “about lack of research” – is someone pretending to me. Michael should do something about this unethical person.

          • Mike

            So you are assuming that I am uneducated? Consider this Bible verse:

            “What good will it be for someone to gain the whole world, yet forfeit their soul?” Matthew 16:26
            You put way too much stock in that piece of paper that you earned from the university.

          • Nemnor

            The REAL ‘Nemnor’ will NOT assume you (or anyone) are uneducated.

            Michael should do something about the person pretending to “me” (and Michael can check to see how is the real ‘Nemnor’).

          • Marco

            hahahahahahahahahahahahaha. Oh that was a good one. Because every Harvard grad is doing so well.

          • Nemnor

            The post (above) about ‘spectacular education”, is NOT from “me” the REAL ‘Nemnor’. it is someone trying to spread confusion and discredit me (they hope).

            I, the real ‘Nemnor’ will normally post statements exposing that Capitalism is now decadent,/u> and is now NOT able to generate long-term recovery by economic means alone

          • Anon

            All the book knowledge you may have acquired is useless without the wisdom to use it. Wisdom comes from God, and unless you know Him, you will not be able to discern the times that we are living in, and the things that will soon befall planet earth.

          • Nemnor (the original one)

            Well… for example, when I state that Capitalism has been in an on-going crisis from since late-60s/early-70sis. And that Capitalism can no longer generate long-term recovery, as it is now decadent and at a “dead end” – due to reaching a stage of general over-production, the FACTS you are looking for can be recognized by ANYONE who objectively look back at the economic situation with the USA and the World for the past 3 or 4 decades.

            Go ahead, look back at the last 3 to 4 decades? Was the USA able to create long-term recovery? OR, has the economic situation in the USA and the World gotten generally better from since the early-70s? Are we seeing less and less people at and below the “poverty line”? OR are we seeing more and more people at and below the “poverty line” from since the early-70s?

          • Mike

            I agree that when Capitalism turns into an oligarchy (the crony capitalism we have today) and people live beyond their means to keep up with the Jones’ that we are on the wrong course. But free markets (Capitalism) are far better than Socialism and Communism. I don’t know what you’re hoping to see in this country but the elimination of capitalism will only be followed by some form of totalitarianism (which is what we’re starting to see).

          • Nemnor

            Mike, I can agree with you totally about what you labeled as an “oligarchy” or as “crony capitalism”. Also, I can agree with you about the possibility/potential that the system might even turn to outright “totalitarianism”.

            BUT, in the sense that you mentioned Socialism and Communism, this is where the enemy of the masses (of the American people) have you well entrapped.

            However, the matter is a bit “complex” for the very reason that – ( 1 ) NO one can say that they have actual experience with genuine “Socialism”, as it was (and is) virtually impossible to build genuine “Socialism” anywhere, while the world is dominated by Capitalism, and with every (leading) Capitalist country doing everything in their powers to PREVENT any country (or group of countries) from fundamentally moving away from Capitalism. Example, look at the CRUSHING economic embargo “rich and powerful” USA impose upon the relatively “poor and weak” (state/collective Capitalist) Cuba for 50+ years. ( 2 ) For the reason given in in point “1” as well as the tremendous challenges” even developed and rich countries will face in ATTEMPTING to build genuine “Socialism, places like (poor/underdeveloped) Cuba, (previously poor and underdeveloped) China, (poor/underdeveloped) North Korea, etc. are really varying forms of State/Collective Capitalism, and are NOT yet (if ever) at the stage of genuine “Socialism”. ( 3 ) You can NOT have genuine “Communism” without FIRST building genuine “Socialism”.

            Also, having said the above, genuine “Socialism”/”Communism” can only be a practical thing. You have to actually attempt to BUILD it (and have the resources and FREEDOM to do so) as it can ONLY happen in a genuinely (grass-root) democratic environment (i.e. virtually ALL the people must WANT to build Socialism – and this takes right/correct knowledge and awareness), before we can KNOW what works and what does not work for the Human Race.

            Additionally, a fundamental change away from Capitalism will initially be experimental, exploratory and will even have a bit of contradictions, BEFORE we can KNOW what works and what does not work for the Human Race and the environment. Moving away from Capitalism will be a BIG task. BUT, it CAN happen once sufficient people (the mass of the Working Class) becomes aware that Capitalism is the main root cause of the major socioeconomic issues facing the World. Plus, I trust in the “collective intelligence” of the Human Race to find a sustainable alternative to Capitalism (which is obviously unsustainable)

            By now I hope you see what the entrapment on you mind is. You are made to believe that we have ALREADY seen genuine “Socialism/”Communism” in places like the former USSR, Cuba, China, North Korea, etc., when in fact, these places were/are actually varying forms of State/Collective Capitalism, ruled by a “Communist/Leftist/Socialist” government that MIGHT have the genuine intention to (some day, they hope) build genuine “Socialism”. (AND, remember genuine Socialism MUST be built first. And IF there is success in doing so, then and only then we can even dream of building genuine “Communism” – which (SUPPOSEDLY) is ultimately about TRUE abundance for everyone, in accordance to the productive and technological advancement of the Human Race.

          • Marco

            Couldn’t have said it better myself.

          • Nemnor (the original one)

            Mike, well.. I said that Capitalism is now decadent. And I said this is because Capitalism reached a stage of general over-production. And, I also said, hence, the reason Capitalism can now no longer generate long-term recovery by economic means alone

            What can you say is NOT true about any of the above statements?

            You have years of QEs by ALL the central banks, yet the world-wide Capitalist economy continues to decline (relentlessly) – and giving support to my statements. (right?)

          • Nemnor

            The reply post above (to Mike) is by “me” the REAL ‘Nemnor’, BUT, even though I entered my UserName as ‘Nemnor’, AFTER I submitted the above post, my UserName display as ‘Nemnor (the original one)’.

            In THIS post I am also giving my Username as (simply) ‘Nemnor’ (so let us see what name will be displayed, after I submit).

            Someone is determined to cause confusion (probably because they have issues with my posts – exposing that Capitalism is now decadent and is now NOT able to generate long-term recovery by economic means alone?)

          • Nemnor

            I wrote the above post – about an impostor. And I first added “(the original one)” to the name – ‘Nemnor’.

            But then the impostor also used the name – ‘Nemnor” not Nemnor (the original one)’, to cause confusion.

            In THIS post I am also giving my Username as (simply) ‘Nemnor’ (the original one) so let us see if “Nemnor” of “Nenmor (the original one) will be displayed, after I submit.

            The post (above) about ‘spectacular education”, is NOT from “me” the
            REAL ‘Nemnor’. it is someone trying to spread delusion and discredit me.

            By “me”, I mean look for previous used of the name – “Nemnor” (and
            preferably the FIRST or SECOND use of the name) and see which e-mail address is associated with it.

            I hope this clarifies things.

          • Nemnor

            The main root cause of the major socioeconomic issues in the USA and elsewhere is – decadent Capitalism – which is now at a “dead end” and can no longer generate long-term recovery by economic means alone.

            Michael, I kindly ask you to check this blog site and see which e-mail address is associated with the FIRST use of the UserName – ‘Nemnor’, as well as the FIRST use of the Username – ‘Nemnor (the original one)’, and do something to prevent the impostor from spreading confusion.

            Even the post above (that ends with the words – ‘I hope this clarifies things’) was definitely EDITED (modified) by someone (a hacker or one with Moderator permission?) to deepen the confusion.

            And as such, even THIS post might be modified (by a hacker or Moderator?) to spread confusion.

            In THIS post I will supply simply ‘Nemnor’ as user name and I am keeping an EXACT copy of THIS post, to compare with any modification a hacker or Moderator might make.

      • LOL

        Muh socalisum!

        The opposite of capitalism is socalisum, I don´t know what socalisum is except that I hate it and that Hitlur was a socal democrat.

    • Rick

      That’s funny, however, with all of the toxic crap in our diets, water, and air, many who are considered “slow metabolizes” are getting chemical overload which their bodies cannot handle properly. It affects people differently, and some either don’t have the energy to fight it, or would prefer to just continue living with heads in sand, as they cannot cope. This is very real for many many people. You throw on top of that the large increases in background radiation since Fukashima, and we have a recipe for disaster, chaos, and the end of the party here as we know it. Sounds like the Southern Hemisphere is the place to be…much less radioactive.

      • SunnyFlaSnotress

        Red Dye 40.. You know, I thought it was the sugar-high in Twizzlers that was giving me a bizarre reaction, but now I believe it’s the Red Dye 40.. petro-based food dyes :(

    • GSOB

      Hebrews 10:29

      • Gay Veteran

        parrot.

        • M.

          You two ought to get along, you both serve the devil in your own way, him by his virulent heresy, and you by your favourite abomination.

          • Gay Veteran

            abomination? bet you got all excited writing that

          • M.

            No, I didn’t. I did suffer from a bit of mild nausea, but that’s all. As hard as it may be for you to believe, not everyone is like you. Don’t forget to get your check-up; and if you don’t mind tell us the results afterward, I’m sure there’s more than one reader with an interest in new diseases and the various treatments proposed for them.

          • Gay Veteran

            Don’t forget to see your shrink; and if you don’t mind tell us the results afterwards, I’m sure there’s more than one reader with an interest in new mental diseases and the various treatments proposed for them.

          • M.

            I must admit that you’re a much livelier adversary than old gsob. You needn’t worry about my mental health however, the Holy Faith for those who truly adhere to it conduces to perfect mental health.

          • Marco

            Lol that pretty much answers the question of your mental insolvency.

          • M.

            Escupo en tu cara infiel cobarde. ! Viva Cristo Rey!

        • LOL

          Genesis 32:30 I have seen the face of God

          John 1:18 & 1 John 4:12 Nobody has seen the face of God.

          • Gay Veteran

            Polly want a cracker?

  • coreyb

    Nothing going to happen in September. Everything will be fine

    • G21

      Are you saying we should just ignore all the economic data?
      You remind me of my kids when they were little. They would hide their eyes behind their hands, giggle, and say, “You can’t see me!”

      • coreyb

        The economy is weak, but we’re not sure it will end in a recession or worse anytime soon. There is good and bad numbers, so we cannot say for sure what will happen in September. They say don’t fight the fed, which will intervene at any signs of problems.

        • Matt M

          Just curious, how do you think it will “intervene” this time? Will they drop short term rates below 0 or something? If they are ever forced to do this, what signal do you think that will send about the long term prospects of the economy?

          • coreyb

            I believe the fed does things in secret. It probably printed trillions to help europe get out of the great recession. Left alone, the fed can create an unlimited amount of money to help in any way it wants. More QE, more secretive deals. They plan to control the business cycle, and bring on the next Great Moderation. They should be abolished or controlled, but that won’t happen.

          • loadnup

            imaginings will not help. Look behind the curtain. The lie will not continue to fester.

          • alan

            Never ever under estimate the Fed.
            I would almost bet that the Dow will be back over 18,000 by Christmas.

          • algol2000

            Money is a confidence game. It depends on the trust of the masses. If the masses lose trust in the monetary policies, then the end has come.

          • Mike Smithy

            I suspect QE4 will be the catalyst that will lead to hyperinflation. The Fed’s actions will be the equivalent of tossing money from helicopters in an effort to stimulate demand.

        • Mike Smithy

          My advice to the Fed is “Don’t fight gravity” because this Ponzi Pump & Dump is going down whether the Fed likes it or not.

        • Ismail

          It is amusing that people who are shown this type of economic data still don’t think it is at least a good time to prepare.

          • SunnyFlaSnotress

            As far as food goes, Walmart daht com is likely a good long-term prospect. Within about 4 days, people who can get US Postal deliveries, should be able to get non-perishable food. I don’t see that as changing in any point of time within the next few years.. even with a currency collapse. With internet systems bringing data through satellites, I don’t see internet loss as a big problem either.
            I’m not a believer in a big meltdown.
            Pockets of turmoil maybe, major collapse, no.

    • Mondobeyondo

      “Wake me up when September ends” – Green Day

    • RagingVoiceOfReason

      Yeah you’re right. We’re just being silly. Let’s move on to some real issues, people.

    • loadnup

      Just don’t see it that way…. As much as I would like “Everything to be fine,” it just will not be. Then, again, maybe you truly are not willing to be open to the tragedy unfolding in every country, 95% of the corporations, counties, cities and finally families. No, coreyb, don’t let your desire for “everything will be fine” to block you intellect and prevent you from being even modestly prepared for the hell about to come pounding on your door. If you’re a single guy with no responsibilities it will be easier in that you won’t have to worry about defending your bride and children with your life. If you are married…. man, get past this msm lie and buckle up ’cause whether you want to believe it or not does not change the reality of “it” being real and coming to fruition over the course of the next few months. pray, prep and protect. Keep that as your guiding/driving purpose while you still are able….

      • SunnyFlaSnotress

        lol.. yeah, give him incentive to stay single.. and not reproduce.. Don’t worry.. there will be plenty of aliens to create the next generation.

    • FreedomFighter2015

      Normalcy bias detected.

  • jhowell882

    18,304 on may 19th…17,419 on today– down 882 points.. Dow Jones down for 11 of the last 13 days.. this isn’t going to last much longer. the house of cards cannot stand much more and the fed cannot keep printing money forever. other countries are for in all reality are bankrupt. makes you wonder if a world war will come again. hope not.

    welcome to the global economy

  • G21

    So you’re saying we should just ignore all the economic data?
    You remind me of my kids when they were little. They would hide their eyes behind their hands, giggle, and say, “You can’t see me!”

  • Mondobeyondo

    September and beyond is going to be extremely interesting.

    The Pope is scheduled to make a speech before the United Nations in late September. I believe that’s the first time a Pope has ever addressed the United Nations. What he has to say is anyone’s guess (although I have a fairly good idea what it could be). Of course, by that time the world financial system may have already imploded.
    ****************
    To get through what we will soon be facing (or what may be facing us, if you prefer), we are going to need the faith David had when he hurled that stone towards the head of that jolly green Philistine.

    • GSOB

      The most advanced Christians are capable of growing, and will find the word of grace help their growth.

      The person with the Spirit makes judgments about all things, but such a person is not subject to merely human judgments,

      2 Corinthians 1:21
      Now it is God who makes both us and you stand firm in Christ. He anointed us,

      • M.

        The only spirit to be found in your accursed sects is that of the devil who inspired them, and the worthless filth that founded them, Luther, Calvin and the rest were just as much his emissaries as the Sanhedrin or Mahomet.

    • Jerry C

      266th Pope on the 266th day of the year on the Jewish Feast of Atonement (Judgement coming to the world). Are all these signs just a coincidence?!

  • VigilanteCaregiver

    900 points isn’t that bad. When it drops 4500 points in the same length of time (which it will do soon), then I’ll be concerned.

    • alan

      When everything is being manipulated the numbers are meaningless.

  • GetReal4U2

    September is coming, and I truly hope that you are already prepared for it…
    time is very short…September approaches quickly…EVERYTHING is converging…

  • Rufus T Firefly

    The Dow is down 900 points? Sounds like a good buying opportunity to me.

    • loadnup

      You betcha, Rufus. Just send me your cash and i’ll put her to work fer ya…..

  • sdad

    This is it people.

    September 2015- the big mother of all economic crashes.

    Every 7 years, there has been a crash.

    Get ready people. This is it…

  • Wizard of Aus

    The economy down here is shrinking in a bad way as China slows down. Iron Ore prices have fallen with other commodity prices, people are losing their jobs, businesses going bankrupt and hard to find a job. Just this morning, 100 Port workers were sacked by email. Unbelievable!

    • loadnup

      Where is “down here”?

      • at the opposite side of “above there” I think… just a guess 😉

        • alan

          I see Alaska as up there, Australia is way down there around back.

          • Mike Smithy

            Yes indeed. Australia is down under and Alaska is up over.

      • Orac4Prez

        Australia

  • Roger Smith

    …..and ninety-nine red balloons go by….

  • Illegal

    What is really stunning is there is no leadership in the US. Our founding fathers would be appalled at the mess that the country has turned into. The same mistakes are repeated over and over again – boom, bust and war. The US has been at war for over 70 years. Every program created by the Federal Government has turned into either an unfunded monster or a tool for our enslavement.

    Like many others I have no money with which to prepare for an unknown future. There is no one that has the ability to fix the broken US, because it requires saying no to many people.

    • GSOB

      Persecution must be borne unless you are to lose your moral tone, which is to be to the earth what salt is to its surroundings, preserving from corruption and fitting for (in your case Divine?) appreciation.

  • The Money Hater

    money is evil stuff I’m telling you. It needs to go now so all the rich fat cats loose all their money fast.

    • Dave

      It’s not money, it is fiat currency. And if you don’t know the difference, good luck to you.

  • Rajiv Ahuja

    yes….you have given warning alarm well in time now really it is up to public to react on it or not…..for me it is long term play and now this long term story is near end….september (as per your calculation) . it may or may not collapse on that time….it may take some more time but finally THE HOUSE OF CARDS WILL COLLAPSE.

  • John C

    I bought Jan 2016 puts for China ETF ASHR. Should be another big leg down in August. There should be plenty of opportunities in a financial and economic catastrophe. I’m not worried, I’m looking forward to it.

  • pissedlizard كافر ‏

    And just wait until the fed starts raising interest rates. Mortgages, car payments, credit card payments, student loan payments all go up and everyone who is tied to these has to adjust their way of living causing more angst and more debt. But did you see the thing with the lion or the black lives whatever thing on the tweeter?

    • Jerry C

      You mean variable interest rates will go up, no? Am I wrong in thinking that fixed rates will remain the same?

      • pissedlizard كافر ‏

        Yes, variable rates. Should have clarified

    • SunnyFlaSnotress

      Yeah, but i’d finally make money on my money.
      Course by then I’d have likely just have bought a house.

  • Dave Stoessel

    Remember Franco, Castro, and Mark Twain: Not dead yet. The endgame is painful for all concerned. Hope for a quick disaster may be premature. Even the Bible with its injunction to watch because the date of Jesus return is soon but unknown has been wrong a long time.

    • G21

      The Bible has never been wrong. People, with their imagined “contradictions”, are wrong.

      • Marco

        How to treat recovered lepers: (Lev 14:2-29)
        1) take two birds. Kill one under running water.
        2) dip the living bird in the blood of the dead bird with cedar wood, scarlet and hyssop.
        3) sprinkle the mixture on the patient 7 times; release the living bird in an open field
        4) shave all the patient’s hair and wait 7 days
        5) kill a lamb. Place blood on the patient’s right ear, right thumb, and great toe of his right foot
        6) take oil and sprinkle 7 times, pour remaining oil over patient’s head

        Seems legit to me. Lol

        • SunnyFlaSnotress

          lol
          You know we get lepers in Florida due to armadillos that carry it.. Truth! Can take 20 years to incubate.
          The good part is that nowadays certain antibiotics can cure it.

      • Marco

        Genesis 2:17 Adam was to die the day he ate from the tree of knowledge of good and evil.

        Genesis 5:5 Adam lived for 930 years.

        Willfully blind.

      • Marco

        One last one, just for good measure:

        Ezekiel 18:20 children are not punished for the sins of their father.

        Exodus 20:5, Numbers 14:18 yes they are.

  • Horiboyable .

    Interest rates will go through the roof when the bond bubble bursts, that is when central bankers (planners) will lose control. We are about to go into a deflationary cycle that will last for about 5 to 10 years. Those of you who have purchased a house in the last twenty years and still have a mortgage could find yourself in negative equity. When the bond bubble bursts liquidity will dry up over night which will squeeze the housing market. Then we have the next fiasco that will unwind. Since the Fed has been printing the default currency for like ever, this money has found its way into the emerging markets when they were experiencing commodity booms which encouraged them to borrow around 4 trillion. So when the flight to safety starts, the dollar will rise and these guys are going to get fried. Not to mention that China’s economy has been on a crack debt fuelled expansion like no one has seen before. Bad investment and over supply coupled with the fact that their property bubble is in decline. Thanks to the fed we have property bubbles in NZ, Australia, Canada, Singapore, Israel and then we have most western governments so loaded up with debt that a 2 to 3% change in bond yields would wipe them out. Central Bankers have painted themselves into a corner and their are no exits. What could possibly going wrong? There will be multiple sovereign defaults over the next two years, Japan could be one.

  • Rick

    Michael, you are right. There’s really not much more you can do personally, other than walk people over to the precious metals store and buy them gold and silver (you pay of course), and walk them back home. This is about how conditioned our citizens have become. We don’t think or act for ourselves any longer. Either the government owes us something and has to take care of us, or we will take advantage of others. We are no longer independent, or independent thinkers. All the facts and figures you throw out are meaningless for most, as long as a pretty face on TV is reading good news about the economy from their TelePrompTers.

  • Priszilla

    When you buy stocks don’t just trust analysts and their dip talks. Read the books of the company and what tge directors buy.

  • DB200

    The price of oil is crashing hard once again.

    YES, this is bad news as it affects capital investment and good paying jobs. Oil jobs are not to be compared with “do you want fries with that”-service jobs when it comes to salaries and fringe benefits.

    And you are right Michael about throwing out numbers and charts and graphs, but if people refuse to see the truth they simply will not see it.

    There is a saying; “There is no upper limit to the level of stupidy of humanity”. So don’t be disappointed if only a minority wants to listen. It happened to King Hizkia as well, read 2 Chronicles 30:1-12.

    “10 So the couriers went from city to city through the country of Ephraim and Manasseh, and as far as Zebulun; but they laughed them to scorn, and mocked them. 11 Only a few from Asher, Manasseh, and Zebulun humbled themselves and came to Jerusalem.”

    • G21

      I realize that the US needs the oil industry jobs, and I truly feel sorry for those who have lost their jobs, but I personally am finding a huge amount of relief in the lower gasoline prices.

      I drive a lot on business, and gasoline is my largest overhead expense after hotels. Every drop in gas prices is a raise for me.

  • john waylon

    It might be wise for some of you paper millionares to get some physical currency on hand. Even though it may be worthless by that time.

    • df NJ

      Gold may go to $500 oz before the market manipulation is over.

      • Not Sure

        Good buying point if it drops that low. Silver, too.

        • Mike Smithy

          Consider the following pursuant to reality verses manipulated fantasy: If TPTB were to push paper gold/silver ETF’s to $0 per ounce, does that make ones physical stash of gold/silver any less valuable? As a hypothetical example, if the manipulated paper price of gold is set at $1.00 per ounce, of which is obviously well below mining costs, what would the premium be for an ounce of physical gold?

          • Not Sure

            I only acquire hard assets. I don’t mess with the paper stuff. The hard stuff is manipulated enough. Paper is far worse.

  • G21

    As of 1:05 EDT 8/7/15, the Dow is down more than a thousand points from its high in May.

  • df NJ

    The only thing that is going to save the US economy is gasoline under $2 per gallon. CEOs are not allowing raises. Something has got to give. You can’t descrease wages in real terms for 30 years and expect to have a robust economy. At some point, productivity will go into the toilet.

  • df NJ

    Usually, the consensus view is what doesn’t happen. It’s hard to imagine what would kick start this economy. If only there was a way to increase spending on a massive scale just temporarily to get the Titanic moving away from the ice berg. You know, kick start the economy like motorcycle.

    • Truegrit

      They’ve been kicking till their leg is falling off!!
      It’s time to put some gas in the tank

    • JailBanksters

      If they Banned all Imports, with no competion except for other American Companies, it would get manufacturing working and employing people. But the entire system is designed as a Ponzi Scheme and needs foreign countries to soak up your debt and paid back with more devalued dollars printed out of thin air in the future. When foreign countries stop buying your debt, because they’ve bombed them all, then the Economy is not worth a sack of rotten tomatoes. It’s Ironic that Competion drives the Economy, and Competition eventually MUST kill the Economy.

  • alexb1

    Please – wake me up when the S&P is below 1000 again.

  • I got one of those jobs the Administration brags about as “NEW jobs”. It’s part time at Taco Bell at minimum wage. So I don’t have much disposable income to buy that cheap plastic crap made in China.
    SORRY for not doing my part to support the economy. Oh yes I am over 50 years old and live in my Mom’s basement and drive a car that’s over 20 years old. So how are you doing in this new economy?
    I hope you are dong great like me!
    God Bless and Keep You in his Grace

    • Pinkerton

      I have about 4 sometimes five jobs. I’ve been busting my rear since 2005! I knew about 2008 years before and a good friend of mine told me that the good old days or one job with retirement were OVER! I’m depend ant on others doing good finacially to survive. It will be a chain reaction not many escaping. Get into Gods economy fast on yo knees!

    • df NJ

      “Life is suffering” The Buddha

      According to the Buddha, the only way to alleviate your suffering is to consciously give all your attachments. In other words, working at Taco Bell who cares. Living in your mother’s basement so what. Give up all your dreams and just live in the present moment savoring each breath as if it were your last.

      If it’s any consolation,everyone I know is suffering financially, spiritually, and healthwise. You are not alone and there’s nothing wrong iwth you. The only thing that seems to help me is doing a hobby or playing games with friends. Good luck and try to keep your faith.

      • SunnyFlaSnotress

        I’m up to level 689 on CandyCrush.
        I’m going for my CandyCrush Certificate of Completion. I may frame it. :)

    • SunnyFlaSnotress

      Taco Bell is good honest work. I used to do their plans.
      Your Mom probably needs you at her age. God must be blessing you.

  • Common Man

    I came across a fitting quote today about the bright messages on the economy we often hear from the mainstream media:

    “Cheerleaders root for the home team. They won’t tell you the quarterback has a weak arm, or that the offensive line is outmatched, or that the head coach is inexperienced. Their job is to be positive and cheer for the home team! … The cheerleaders always root for the home team based on selective data, no matter what other data is available for consideration. Anything that supports their cause is automatically true and highly significant, while the rest of the facts are considered insignificant or entirely ignored.” -David Wiedemer, Robert Wiedemer, and Cindy Spitzer in their book “Aftershock”

    • Not Sure

      Great book. I read that one and then The Death of Money.

      • Common Man

        I’ll definitely take a look at that book after I’m done reading “Aftershock”. It’s quite refreshing to read something that shows common sense about how the economy is really going.

        • Not Sure

          Death of Money is good, but you can only read it in small doses, unless you are an economist or have a really good grasp of economics. Jim Rickards is definitely on a higher plane.

    • df NJ

      It’s not that the coach is inexperience but that the referees are on the take.

  • Richard O. Mann

    It’s the end of the world as we know it, and I feel fine. Well, maybe not fine, but I know what is coming and can’t do too much more than to try to be ready. When money is already tight, not a great deal you can do.

  • HeyAHuman

    Naysayers, ask yourselves: is it better to be prepared, and for nothing to happen? Or to NOT be prepared, and for something BIG to happen?

    It’s up to you to take heed of the countless warnings. If not, it’s nobody’s fault but your own.

    • SunnyFlaSnotress

      Food can perish. Gold,safes,guns can attract thieves.
      Possessions may have to be abandoned or present relocation difficulties.
      We all take our gambles in life.

  • Ismail

    Who here has cashed out or is considering cashing out of stocks (including 401k) because of the impending stock market crash?

    • Marco

      i did in early July. Glad I did. I no longer own mutual funds except a money market fund which isn’t subject to fluctuations in the stock market and still gives me a few percent growth while I wait for a correction to happen. Some have suggested to fully cash out, convert everything to gold and silver, and hide it under your mattress. In my opinion, while it may come to this, there’s an equally good chance it won’t get that bad. Either way, my response will be commensurate with daily changes in the economy as I observe them. The sky isn’t falling yet, but I’m prepared to pull the pin if it does.

      • SunnyFlaSnotress

        Although historically more stable than most market products, even money market funds are not guaranteed against a negative return.
        A few percent growth?? What are you investing in that I don’t know about?

        • Marco

          That is true. They are low risk but no risk. I’m in Canada so it’s a private fund through my employer sponsored program. Company is called sun life. Was just bought out by manulife. Just a Canadian money market fund. The other I have is with scotiabank and that’s only giving me 1.something %

    • SunnyFlaSnotress

      I did pre-2008, but not totally.

  • Rain23

    Thank you for your frequent analysis, Michael. There’s a lot of rational, thoughtful information on this blog that the MSM never gets to.

    There’s not much more my very low income family can do to prepare, we do what we can then rely on God’s mercy, which is not a bad way to live if you work hard and keep your self respect.

    The most important prep, IMHO, a person can have is a “do it yourself and get it done attitude. If someone came to me and demanded I share our nightly meal because they’re entitled, I’d run them off. If the same person said “Is there anything I can do to earn something to eat?” I’d think hard about how I could stretch what I have, because this is a person who’ll give back as much as they get. I think the majority of folks who read this blog are the same. We’re willing to get out there and work hard in return for the simple, good things in life. The economic collapse we’re on the brink of is nothing compared to the moral collapse that’s already here. That is the root of everything that’s current wrong in this country.

    God bless everyone of any race, creed, or color who’s bucking the trend and trying to make their own way while being decent to others. Self respect and the respect of others — and thus their support in hard times — is something you earn, not something you’re entitled to.

    Fasten your seat belts, folks. If the declining economic and social conditions in my neighborhood are any indication, the next few years are going to make us look back fondly at 2008-2015 as good times.

    • muldoon55 .

      That’s a great attitude rain. What can poor people do to prepare for the great tribulation that lies ahead of this whole earth? stockpiled food will last only so long and then you set yourself up as a target for those who would do you harm for same. I like to keep in mind the instances in the bible where God provided for people in miraculous ways.
      Remember Elijah was fed by ravens his lunch and dinner. the poor widow from Tyre who let Elijah live in an upstairs room, remember the famine that had a grip on the land and her jars of oil and grain were miraculously replenished for the duration of that famine? How about the same Elijah when fleeing from Queen Jezebel, depressed and hungry was fed a meal by an angel and in the power of that one meal was empowered for a whole month.
      I can go on and on but I think the best way to prepare is yes have some emergency supplies on hand according to your means ,but mostly it’s going to be our trusting in our heavenly father to sustain us and provide us what we may need then.
      Mostly we should realize that all the turmoil that will engulf the world at that time IS being brought about by God in preparation for the establishment of His son Jesus’ Kingdom rule which will then cleanse the earth of all human government as well as those who prefer it paving the way for an earth that will bring in her bountiful abundance where all can live in real peace and security for all eternity. This was Gods’ original purpose after all. God bless you and your loved ones and may God give you the wisdom and strength for what lies ahead.

  • horse777res

    It will not make any difference for the people that are moving out of the country, it will become a global event. Nowhere to run and nowhere to hide. Welcome to the one world government!!!!!

  • autofixer

    September has ALWAYS been the worst month for the Stock Market. “Sell in May and go away” then come back for the “Santa Clause rally” seems to be prescient.

  • Joe

    Great article! When I pan out high above this collapsing economy and look at the “cause” of it all, I see a snake eating it’s own tail. We as a people have quite literally done this to ourselves. A man invests his money into a retirement account (401k, IRA, etc.), and that money is used to purchase ownership in many companies, and that SAME man buys his products from the SAME industries that he is investing in, and turns around and complains about the high PRICE of the product being sold by said industry. We have created our own Self Contradicting Paradox. Millions of people doing this “investing for a gain” to get their piece of the pie and they all wonder why the prices went up. For the price “must” raise, else how can the Owner get paid? So, the Owner (investor) of the Seller (Corporations) and the Buyer are both one and the SAME man. We are quite literally Selling to Ourselves at a high price. The notion of “inflation” did not manifest itself in some bubble somewhere. “We” have been unknowingly raising the prices on “Ourselves” for years, simply by wanting “more” then we contributed (returns). We have “birthed” inflation into the system. This, intrinsically, injects “failure” into the system. Therefore, any man who complains about the Warren Buffet’s of the world, but at the same time invests for a “gain”, via a retirement account, owns his own “share” of the guilt. At a guess, the top 400 richest people in America only make a cumulative $4 Trillion amongst themselves, while we retirement account holders, again at a guess, hold a static $30 Trillion amongst ourselves. And to top it all off, we didn’t perform one iota of “work” to attain it. The sufferers are the ones that did work for it. Pointing fingers does not help, for Mammon is the “mind” of both.

    Countless millions committing the abomination of usury (Eze 18:13), via investing for a gain, and didn’t even realize it. The Investor in us is our own Slave-Master, and the Worker in us is his Slave. And by the time our Slave-Master finally gets to use “the body” (retired), it will be 80% DEAD. “Investors for gain” have created the poor. This is a simple numbers game. The more doing it, the worse it gets. Man has created his own suffering and it will only get worse. The only fix for all this is to get rid of all “usury”. If people don’t do it by choice then they will be doing it by force. And that “force” is what I see as this “collapse” that is described in this article. It is no lie that:

    Man (Humanity) will reap what he has sown!

    • df NJ

      The people in power think everything is great! So what are you complaining about?

      • Joe

        The “people” who have the true power have no idea they wield that power. The Super Rich can do absolutely nothing without our “contributions”. Retirement account holders predominately supply the Growth Monies for the economy. Governments only mirror ourselves. When a man is selling to himself at a raised price, then man is against himself. Hence, the Buyer tends to buy low and the Seller tends to sell high. If a man invests for a gain, then he is screwing his own Buyer and all “other buyers” in the system. The “one” American Government is divided against itself (Rep, Dem, Lib), because we as individuals are divided against ourselves and don’t even know it. A government is “of, by, and for” the people. Therefore, it only mirrors it’s people. Hence, our government is screwed up, because “we” are screwed up. The power will always be held by the ‘people’. The Government is just a creation of the people.

  • SunnyFlaSnotress

    “The Dow Has Already Fallen Nearly 900 Points From The Peak Of The Market”
    Ok, but it would take over 3400 points to make a Recession.. 900 is not a biggie.

    • G21

      It’s a “biggie” if you’re a retiree whose money is in the stock market.
      Also, recessions are not measured by stock market performance. Recessions are measured by the performance of the overall economy.

      • SunnyFlaSnotress

        My stocks are still doing well.

        • Mike Smithy

          Tell me how your ROI has been performing over the last 6 months pursuant to your stawk investments? I am sure you will find that that your exposure to the risk is not worth the return.

  • jhowell882

    as of yesterday 8/7/15.. now down 931 points.. hope it blows up then all the willfully ignorant ones will finally realize that wall street is the new mob. the rest of us will be in extreme survival mode

  • Chuck

    This is more like the late summer early fall of 2007. We need a Dow theory bearish trend change to occur and it has not happened yet.

  • Lucifer

    Religious nutjobs out in force like its 1666 – check

    Random graphs ITS FALLING FALLING FALLING – check

    Random prophecy rubbish spouted by the Jews that Hitler sadly didn’t wipe out – check

    Nothing ever changes!

  • Alexander Shekhtman

    i’m in Israel, Thank G-d, so will be watching from here the possible destruction of the U.S. If the U.S., G-d forbid doesn’t veto the U.N.’s Palestinian State resolution, this will be G-d’s last chance for the U.S.’s forgiveness. Clearly G-d is patient with the blasphemous Supreme Court decision on gay marriage. But this time G-d will not be patient. I hope the U.S. will veto.

  • Sara Reimold Birth Doula

    How are you preparing? We have no money, so I’m not sure what we can do?

  • David

    In all sincerity, how can anyone prepare?

  • Tammy

    So I have stocka in a 401k…and I believe you…. But I can’t really get them out. I can only move them around. Where would be the safest place to love them??

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