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The Stock Market Has Officially Entered Crazytown Territory

Looney Tunes - Photo by Ramon F VelasquezIt is time to crank up the Looney Tunes theme song because Wall Street has officially entered crazytown territory.  Stocks just keep going higher and higher, and at this point what is happening in the stock market does not bear any resemblance to what is going on in the overall economy whatsoever.  So how long can this irrational state of affairs possibly continue?  Stocks seem to go up no matter what happens.  If there is good news, stocks go up.  If there is bad news, stocks go up.  If there is no news, stocks go up.  On Thursday, the day after Christmas, the Dow was up another 122 points to another new all-time record high.  In fact, the Dow has had an astonishing 50 record high closes this year.  This reminds me of the kind of euphoria that we witnessed during the peak of the housing bubble.  At the time, housing prices just kept going higher and higher and everyone rushed to buy before they were “priced out of the market”.  But we all know how that ended, and this stock market bubble is headed for a similar ending.

It is almost as if Wall Street has not learned any lessons from the last two major stock market crashes at all.  Just look at Twitter.  At the current price, Twitter is supposedly worth 40.7 BILLION dollars.  But Twitter is not profitable.  It is a seven-year-old company that has never made a single dollar of profit.

Not one single dollar.

In fact, Twitter actually lost 64.6 million dollars last quarter alone.  And Twitter is expected to continue losing money for all of 2015 as well.

But Twitter stock is up 82 percent over the last 30 days, and nobody can really give a rational reason for why this is happening.

Overall, the Dow is up more than 25 percent so far this year.  Unless something really weird happens over the next few days, it will be the best year for the Dow since 1996.

It has been a wonderful run for Wall Street.  Unfortunately, there are a whole host of signs that we have entered very dangerous territory.

The median price-to-earnings ratio on the S&P 500 has reached an all-time record high, and margin debt at the New York Stock Exchange has reached a level that we have never seen before.  In other words, stocks are massively overpriced and people have been borrowing huge amounts of money to buy stocks.  These are behaviors that we also saw just before the last two stock market bubbles burst.

And of course the most troubling sign is that even as the stock market soars to unprecedented heights, the state of the overall U.S. economy is actually getting worse…

-During the last full week before Christmas, U.S. store visits were 21 percent lower than a year earlier and retail sales were 3.1 percent lower than a year earlier.

-The number of mortgage applications just hit a new 13 year low.

-The yield on 10 year U.S. Treasuries just hit 3 percent.

For many more signs like this, please see my previous article entitled “37 Reasons Why ‘The Economic Recovery Of 2013′ Is A Giant Lie“.

And most Americans don’t realize this, but the U.S. financial system and the overall U.S. economy are now in much weaker condition than they were the last time we had a major financial crash back in 2008.  Employment is at a much lower level than it was back then and our banking system is much more vulnerable than it was back then.  Just before the last financial crash, the U.S. national debt was sitting at about 10 trillion dollars, but today it has risen to more than 17.2 trillion dollars.  The following excerpt from a recent article posted on thedailycrux.com contains even more facts and figures which show how our “balance sheet numbers” continue to get even worse…

Since the fourth quarter of 2009, the U.S. current account deficit has been more than $100 billion per quarter. As a result, foreigners now own $4.2 trillion more U.S. investment assets than we own abroad. That’s $1.7 trillion more than when Buffett first warned about this huge problem in 2003. Said another way, the problem is 68% bigger now.

And here’s a number no one else will tell you – not even Buffett. Foreigners now own $25 trillion in U.S. assets. And yet… we continue to consume far more than we produce, and we borrow massively to finance our deficits.

Since 2007, the total government debt in the U.S. (federal, state, and local) has doubled from around $10 trillion to $20 trillion.

Meanwhile, the size of Fannie and Freddie’s mortgage book declined slightly since 2007, falling from $4.9 trillion to $4.6 trillion. That’s some good news, right?

Nope. The excesses just moved to a new agency. The “other” federal mortgage bank, the Federal Housing Administration, now is originating 20% of all mortgages in the U.S., up from less than 5% in 2007.

Student debt, also spurred on by government guarantees, has also boomed, doubling since 2007 to more than $1 trillion. Altogether, total debt in our economy has grown from around $50 trillion to more than $60 trillion since 2007.

So don’t be fooled by this irrational stock market bubble.

Just because a bunch of half-crazed investors are going into massive amounts of debt in a desperate attempt to make a quick buck does not mean that the overall economy is in good shape.

In fact, much of the country is in such rough shape that “reverse shopping” has become a huge trend.  Even big corporations such as McDonald’s are urging their employees to return their Christmas gifts in order to bring in some much needed money…

In a stark reminder of how tough things still are for low-income families in America, McDonalds has advised workers to dig themselves “out of holiday debt” by cashing in their Christmas haul.

“You may want to consider returning some of your unopened purchases that may not seem as appealing as they did,” said a website set up for employees.

“Selling some of your unwanted possessions on eBay or Craigslist could bring in some quick cash.”

This irrational stock market bubble is not going to last for too much longer.  And a lot of top financial experts are now warning their clients to prepare for the worst.  For example, David John Marotta of Marotta Wealth Management recently told his clients that they should all have a “bug-out bag” that contains food, a gun and some ammunition…

A top financial advisor, worried that Obamacare, the NSA spying scandal and spiraling national debt is increasing the chances for a fiscal and social disaster, is recommending that Americans prepare a “bug-out bag” that includes food, a gun and ammo to help them stay alive.

David John Marotta, a Wall Street expert and financial advisor and Forbes contributor, said in a note to investors, “Firearms are the last item on the list, but they are on the list. There are some terrible people in this world. And you are safer when your trusted neighbors have firearms.”

His memo is part of a series addressing the potential for a “financial apocalypse.” His view, however, is that the problems plaguing the country won’t result in armageddon. “There is the possibility of a precipitous decline, although a long and drawn out malaise is much more likely,” said the Charlottesville, Va.-based president of Marotta Wealth Management.

So what do you think is coming in 2014?

Please feel free to share your thoughts by posting a comment below…

  • not me

    I am bailing out on the first. cant do it sooner due to taxes.

    • cateye

      I am in the exact same boat as you and have the same plan. The sad thing is that the boat we are on is the Titanic.

      • Whiskey Tango Foxtrot

        @ “not me” and “cateye”, do you think this could be a “black swan” that might start everything in motion?

    • XSANDIEGOCA

      You and the World

  • R.A. Brown

    “So what do you think is coming in 2014?”

    I believe it is the year the crash comes and the dollar dies. There are so many that will not believe that anything is out of the ordinary; too busy watching sports or “Reality”(?) T.V.

    • Nicnak

      People will leave the US dollars due to fatca…. US dollar is finished unless usa step back and give up fatca… But they won’t. read about fatca… it’s a big program starting now and confiscation by irs will start in July 2014.

  • Tim

    Well, even Gordon Brown, former Prime Minister of the U.K., is warning that another crash is coming. He recently wrote an article for the N.Y. Times entitled “Stumbling Toward the Next Crash.” Here’s a snippet from his article.

    “In the patterns of borrowing today, we can already detect parallels with the pre-crisis credit boom. We’re seeing the same over-reliance on short-term capital markets that ultimately brought down Northern Rock, Iceland’s banks and Lehman Brothers.”

    • Rodster

      TPTB know full well what this is leading up to and they are getting prepared for the blow back.

  • Dr. G

    War is why I see US stocks ultimately heading much higher, because the US is the last, best option (the least ugly option) for world wide money that is running scared and looking for a place to hide. And because governments are increasingly becoming self-interested, and in the spirit of self preservation, will begin grabbing every penny they can from every citizen they can. Money is going underground.

    Because of war and government self interest we are entering a new bull market, the likes of which has not been seen since the 1932 to 1937 period, when the Dow Jones Industrials soared nearly 382 percent — rallying from a low of 40.56 in July 1932 to a high of 195.59 in March 1937 ― even though the global economy continued to sink deeper into a depression. During war, money leaves a country. During times of government self interest, money goes underground—and historically speaking the only place that governments don’t take their citizens money is when its parked in the stock market. I’m not suggesting that there won’t be a major pull back in the markets, but I am suggesting that due to war and government self preservation, the US stock market is set to soar for the next six years.

    A 382 percent gain in the Dow, taken from its March 2009 low of 6,495 ― the equivalent of the 1932 crash low ― would put the Dow a tad north of 31,000 in the next few years.

    It has to do with long term and short War Cycles which which begin converging this year and into 2020.

    Just like business cycles, or various different economic cycles, the waging of war within and between nations has definite, identifiable rhythms.

    There are the 8.8 and 17.7 cycles. They in turn are sub-cycles of a larger cycle that’s 53.5 years in duration. The 53.5-year cycle should now be picking up momentum as its amplitude is not set to peak until 2027.

    The Civil War, the Spanish-American War, the financial Panic of 1907, the end of WWI, the beginning of WWII for the U.S., the Korean War, the Vietnam War, and more all were predicted by war cycles which data crunch info. from over 5,000 conflicts over thousands of years.

    We are right on the edge of seeing the war cycles turn violently higher, heading all the way up into the year 2019 before any lull is found.

    What kind of war could we be facing? It could be …

    • Another surge of terrorism

    • A civil war and the breakup of Europe

    • Massive civil unrest in the U.S.

    • A war in the Middle East

    • A war between China and Japan over the Senkaku (or Diaoyu) Islands

    • A war between China and Vietnam, Malaysia and the Philippines over the Spratly Islands

    • A Cyber war

    • Massive uncontrolled currency wars

    Or any combination of many or even all of the above!

    It’s coming. You can see it in the increased tensions between China and Japan.

    Between China and the U.S.

    Between North Korea and the U.S.

    Between North Korea and Japan.

    Between China and Vietnam and other countries laying claim to the Spratly islands.

    And it’s going to impact markets in ways you simply must prepare for. It will likely drive U.S. equities sharply higher. It could be the main trigger for gold and other commodities to finally enter the next phase of their bull legs higher.

    • Dr. G.

      I expect a pretty violent pull back in the markets. Margin debt just ticked into record territory. In 1997, 2001, and 2008 we reached record margin debt in the markets–investors borrowing cheap money due to Federal Reserve money printing that artificially depressed interest rates and made money cheap. If the market swoons, borrowed money has to be repaid and forces the borrowers to sell their stocks to meet the 24 hour margin calls for repayment of borrowed money. That would create a lot of forced selling in the markets. And that’s a likely scenario for some flash-point during 2014. But the long term outlook, is less influenced by this crazy margin debt, and the possibility of margin selling, and much more influenced by the war cycles and increased government “self preservation” methods which leads to all sorts of new fees and taxes.

      Obama-care is going to be one heck of a tax, and they’re announcing just today to expect numerous additional “fees” from the Obama-care junta running this shenanigan.

      Money is already going underground. If you’ve noticed the past six months the collectible markets have been hotter than hot. Diamonds. Art. Rare coins. Rare collectibles like movie actresses props, singers’ guitars, etc. They’re getting double their estimated value at auctions. Why? Because the uber wealthy are getting ready. They’re hiding their money in advance. They want their money in things that they can put in a carry on and no one would ever know, at least a customs guy, that the three coins in this guys pocket are worth four million dollars. The wealthy—I’m talking super, super rich–have been getting ready for the uptick in government confiscation and war for the past year. Anything that has high value, is easily hidden, and can be transported in full view without drawing attention is hot in auction circles. That’s a warning. Its happened before every major world war. The wealthy go underground with their money. And its happening right now.

      So, for at least the next six years, I expect a short term market drop in 2014, possibly a large one, caused by margin debt, government debt, personal debt, etc. Followed by a longer term money-running from war-torn countries or countries where the governments are going bankrupt and hunting down their own citizens’ money and forcing it into US markets.

      For the next 6 or more years wars, money running, and money going underground is going to effect the US financial system, and markets in ways that no one would expect, and in ways that will defy “typical” financial patterns.

      Then, once the US inflates with all this scared money, and underground money, that’s when you can expect the disaster to hit US shores.

      Sadly, that likely means that here in the US, a lot of people will party like its 1964, and then they’ll be very surprised when the lights go out.

    • MeMadMax

      Dude, we can’t even do war now. All the industrial power went to china. If we went to war now it would be like starting up a new country from scratch…

  • Mondobeyondo

    Completely, totally, irreversibly unsustainable.

    Sooner or later it will all fall apart. And what will the mass media say when it happens?

    To quote Porky Pig, “Th-th-that’s all, folks!””

  • K

    As I have said before, This is the last big attempt to lure the foolish people back into the market. I have never in my life, seen so many people so totally deluded. They want something to be a certain way so badly, reality has left them totally. The insanity of, if I can just make a little more money, I will finally be a happy person. Really, then why did that Wall street tycoon leap off the sixteenth floor of his building? Oh sure he gave hundreds of millions to charity before he jumped. You can not buy your way into Heaven. I pray he found the truth, before the end.

    • Jimbo

      Savers are being herded into equities with the stick of low interest rates and the carrot of a rising stock market. Meanwhile, the smart money is quietly leaving the pen via a small gap in the fence because they know what is coming next.

      • DownWithLibs

        And they forget, to get out, they would need to find buyers (or suckers!) to purchase their over bloated stocks. They think they will make a killing and just walk away with overflowing pockets.

    • Annette Smith

      Kay, who jumped? I didn’t hear about this. Is this real? Just found it. Robert Wilson jumped! Wow!

  • Mike Smithy

    But, but, but… the Obama Administration and the CNBC shills are saying the economy is doing great. Is it possible that they are lying to the sheeple? Sarc.

    • kathy k

      Yup there lying every morning on my way to work MSM spews there lies to us. I laugh or yell @ the radio every morning. Th e sheeple need to WAKE UP!

    • Mondobeyondo

      It’s not only possible……

  • Rodster

    I fear a massive global war looms on the horizon to cover up what we all know. That the global economy is a ponzi scheme and it teeters on implosion.

    • Ralfine

      Yes, you can go all gloomy and doomy and watch all the recent end of world movies to get into the right mood.

      Or you can see opportunities everywhere.

      Growing plants is an interesting hobby. Lawn is a bit boring. And expensive. Start by not weeding your lawn. Let everything grow and cut it from time to time.
      Plant a new tree each year. Apple, pear, peach, plum, nuts, etc.

      They provide shade and fruits and don’t need much watering if they are trained to get their own water from the deep.

      Grow a thorny hedge. Brambles grow by themselves and provide sweet and healthy berries. A good hedge is also a good barrier against people while letting wildlife through. A berry hedge is also a friendly barrier, alllowing kids and others to eat while at the same time repelling them with their thorns.

      Have brambles in the back and a rose hedge in front.

      When you start insulating your house and putting PV or thermal solar on the roof, people will come and ask, and soon others will follow. That’s good for the local economy and will reduce income for the big power companies; and demand for imported fuel.

      And with money staying local, you’ll see more local services sprouting up, and money starting to circulate locally.

  • Mondobeyondo

    We are going down a road which we have never gone down before. Going where no man has gone before. (Apologies to Captain Kirk of “Star Trek”

    Yes. things were Awful during the Dirty Thirties. But this time, we are really behind the 8 ball. We have no real, true economy. Our manufacturing base, which got us out of the last Depression, is gone. Gone. We sold it to China, for pennies on the dollar.

    So, no manufacturing base. Okay then! We still have the military, right? Yes we do. But it’s a misguided military. What purposes? What missions? In the days of WWII, the purpose was clear. Defeat Hitler, and defeat the Axis. Now, it’s “fight terrorism”. Who’s exactly a terrorist? Am I a “terrorist”? Are you?

    I miss the days when the world was a simpler place, and I wish we could go back to that. The book’s been closed on that era though. The prophet Daniel saw it coming. We have more knowledge than ever, and nevertheless look more stupid than ever on the world scene.

    • Ralfine

      Your military has the purpose of using up all the munitions and fuels that the taxpayer buys for it.

      Selling that stuff to the taxpayer (aka the military) is very profitable.

      To find the “market” (aka conflicts) the taxpayer pays for secret services. These services provide for conflicts by killing foreigners at their coffee table, so that their children can grow up with a grunge.

      The only way out is for the taxpayer to invest in homegrown manufacturing, but not just at the stock market.

      I can “invest” in local companies by buying from them, when having the choice and need.

      I can grow my surroundings, be friendly to my environment; there is no need to damage others’ and make them upset.

    • PJ the DJ

      Jesus is the only way out… Install the Social Reign of Christ the King, arrest the bankers, criminalize usury, require just weights!!!

      • Jason7189

        Totally agree! and remember, what God says about putting faith in Money.

        Ezekiel 7:19 “They will throw their silver into the streets, and their gold will be treated as a thing unclean. Their silver and gold will not be able to deliver them in the day of the LORD’s wrath. It will not satisfy their hunger or fill their stomachs, for it has caused them to stumble into sin.”

      • 2Gary2

        for Christs sake man get a clue. You can not pray and expect results. I pray to have a million in my account-no luck. God put the magic wand away.

        • Syrin

          Medical studies actually prove you wrong. Actual double blind studies, but you’ve never embraced data and/or facts.

          Hey Gary, what’s my fair share of your stuff?

          • 2Gary2

            well dog any % of zero is still zero so take your pick!

        • Mondobeyondo

          “For Christ’s sake man”
          Really? Why not say “For Buddha’s sake man”? Or :For Allah’s sake man”? I think I’m following the right deity, dude.

          • 2Gary2

            ok whatever-its just a figure of speech.

        • Mondobeyondo

          It’s not God’s will that you be a millionaire. No, I have not watched “The Sound of Music” too many times.

        • Dr. G.

          Gary2, you don’t pray to ask for things YOU want. You pray in order to find out what the will of God is for you. He knows what experiences, what successes, what setbacks, and what achievements will develop charity, humility, kindness, honesty, essentially all the divine attributes you came to this earth to develop. Through prayer you come closer to your Father in Heaven. And through prayer, you will be inspired to know what things you should do and what weaknesses you need to shore up in order to have your will come closer to the will of God. In other words, prayer is the very best vehicle for following Christ, behaving like Christ, and for developing the divine attributes of Christ. Prayer is not a lottery. It is not a magic wand factory. And its not Santa Clause. For centuries ancient prophets recorded in the bible spent their days trying to get the Israelites to stop adopting the ideas of their geographic neighbors who taught that religion was a means for controlling their circumstances which nearly always devolved into some sort of magic in an attempt to control the environment. The Hebrew prophets taught that the only living, real life God, our Father in Heaven, was all about changing the nature of each man and woman, essentially helping them to develop divine attributes. Praying for a million dollars in your account is counter to the mission God sent you to this earth to accomplish, and the mission you accepted prior to your birth. Which is, essentially, to follow Christ’s example, to become more like him in terms of divine attributes. Prayer is one of the most powerful tools to accomplish that goal. It won’t make you rich, TEVIA, but it will make you more like Christ.

          • 2Gary2

            With all your praying (talking to God) when do get any time to listen for the answer?

          • Dr. G.

            Gary: The act of prayer is, sadly not like the publicans who Christ chastized because they liked to hear the sound of their own voices. The act of praying includes giving thanks for specific blessings, asking for guidance, pleading, sometimes, for help, and listening for answers. The answers may not come all at once, and they may not always come during your prayer or even while you’re listening to the whispering of the spirit, but God promises that he will guide us, answer us, speak to our hearts and to our minds, give us council, direction, and protection. Not a bad return in the invested time in prayer.

          • 2Gary2

            so do you believe that God speaks through people?

          • Dr. G.

            I believe that God speaks TO people. That he guides them. That he knows and understands the smallest details of our lives. That he understands our hearts, and what motivates us. I believe that ultimately he is trying to help us become motivated by the same things that motivates him. I believe that God is motivated by a pure love, one that is pure by means of being perfectly honest, perfectly kind, perfectly humble, perfectly fair, perfectly benevolent. And that he has provided a way for us to become pure, through obedience to commandments, through repentance and change, and through forgiveness of sin, made possible through the atonement of Jesus Christ who, essentially made it possible for us to repent and to change. I believe that as we become more “pure” we are able to then be filled with the same motivation of love which God speaks about when he says that Charity is the pure love of Christ—meaning that Christ’s love is not self serving, is not encumbered by selfish desires of dishonesty, moral depravity, arrogance, or greed. And because Christ was pure, he is motivated by a pure love. And that motivation is what guides Him to help each of us, his children. I believe that the entire gospel of Jesus Christ was set up to help us repent and obey his commandments, and when we repent and when we obey he sends the quiet whispering of the spirit to us, and its that presence of the Holy Ghost in our lives which bit by bit purifies us, and qualifies us to be filled with the same love that God has for his children. I believe that if we are found, at the end of our lives, filled with that kind of Charity, it will be well with us when we move from mortality to immortality.

            So yes, I believe that God speaks to us, that he guides us, that he loves us, that he knows each of us by name. I believe that he speak through prophets in ancient and modern times in order to provide us guidance. But I also believe that ultimately, the most important “speaking” that God does is to each of us individually. I believe that we follow the council of ancient and modern prophets only as far as the holy ghost confirms to each of us, individually, the veracity and truth of any revelation or divine guidance. I believe that men should act on their own accord, recieving divine confirmation of their actions, but that they should be about doing good to all men.

            I believe that every person born in this life is filled with the light of Christ, and it is that light that helps us determine good from evil. I believe that in addition to that light that comes from having been in the presence of Christ before our birth, we are also given the gift of the holy ghost in this life, to further guide us in our earthly journey.

          • nestazhe265

            My
            Uncle Brayden recently got a stunning white Infiniti G Convertible IPL from
            only workin part-time on a pc at home. you can look here B­i­g­2­9­.­ℂ­o­m

        • Mondobeyondo

          I’ve said it before, but it bears repeating.

          “When the power of love overcomes the love of power, there will be peace”. – Jimi Hendrix

          • K

            Mondo, Michael, you might want to check the new article at SHTF plan. Am I saying it is totally correct? No, but it is awfully close to what I am hearing.

          • DownWithLibs

            You mean the one that states “all roads lead to the oval office”? Yeah, great bedtime reading….especially the part about NSA and DHS being the “brown shirts”!

          • K

            Right, NSA, and DHS are our friends right? If that is all you got from that article. There is nothing I could tell you, that would make a difference.

        • davidmpark

          Try actually researching into our faith before making a scene of yourself, mate.

    • Dr. G.

      We may not have gone done this road with as much debt, or government intervention i markets and taxation, but we’ve been down this road many times before. Its all over the history books, painted in easy to see cycles and patterns. You just need to look carefully.

      A lot of people have been hand-wringing over all the money printing and screaming that hyperinflation is coming. I used to be in the hyper inflation camp. This time it’s NOT inflation that will determine what happens in the financial markets the next 6-10 years. Central banks worldwide have been printing money hand over fist. Japan has printed more money in the past year than has ever been printed (per capita) by any country. The USA and EU aren’t far behind. And China is ramping up its money printing while denying it as they print.

      And what has been the result? Deflation not inflation. Bankruptcies and asset losses are mounting across the globe. And bankers are freaking out. They’ve been trying to inflate away your buying power to pay for Washington’s (and other corrupt governments) voracious spending appetite habits for a few years now, and its all failed.

      The two things that are going to effect each of us financially in the coming years are wars and direct government confiscation of personal wealth. That’s where we’re headed. And its happened before. WE HAVE BEEN DOWN THIS ROAD BEFORE!

      China has claimed the airspace over the Spratly and Senkaku Islands, setting off a potential major dispute. Washington sent in B-52 bombers and China countered by sending in an aircraft carrier and jet fighters.

      The clash isn’t over. China will own that airspace. And its next move — which could come at any time — will be to take sovereignty of the East and South China Sea, of its shipping lanes and the very big oil and gas deposits near the Spratly and Senkaku Islands.

      Meanwhile …

      The Ukraine is splitting in two. A civil war is right around the corner, where half the Ukraine sides with Russia and the other half with Europe.

      This is a serious situation. And while it may seem like it’s all happening in distant lands and won’t affect you, believe me — it’s coming to the streets of America.

      The reasons may be different, and I’ll get to them in a minute, but for the next six years — until the war cycles peak in 2020 — it will be time to batten down the hatches.

      It will also be time to get ready to join the rebellion against Washington, from the ground up, to get rid of the current form of government, which is as far from what our founding fathers envisioned as can be imagined.

      So exactly how will the war cycles show their face in the US of A?

      First, the war cycles are international in scope. So while right now we are largely seeing domestic social unrest in many areas of the world, I can assure you that not only are you going to see more of that, but there is also going to be international unrest.

      North Korea will act up again. More importantly, the China, Spratly, Senkaku Islands dipute WILL lead to military conflict between Japan, Korea, Indonesia, the Philippines, Vietnam and yes, the United States WILL get involved. I have no doubt about it.

      It may not happen tomorrow, or next month. But I am 100 percent confident that in the months and years ahead that because the war cycles are now ramping up near vertically, they are going to lead to a major war.

      Second, there’s a major economic war going on behind the scenes. And you need to know about it TODAY.

      Washington is getting ready to confiscate large portions of your wealth. I never thought it would come to this, but it has.

      I can see it clearly now. It started in September 2011. That’s when Ben Bernanke announced QEIII, but the money-printing failed to have the desired effect. Gold, instead of soaring, plunged. And it keeps on plunging.

      Instead, what started to soar is collectibles and portable wealth such as gold coins … jewelry … diamonds … art work … rare books … rare watches … and more.

      Savvy investors are now hoarding their wealth and getting it off the grid as much as possible.

      WHY? Because all the money-printing in Europe and the United States is not working.

      You see, the money-printing was designed not just to try and bolster the economies of Europe and the U.S. — it was also designed to inflate away Europe’s and Washington’s debt problems by devaluing currencies.

      But here’s the catch: Right now, with the exception of the equity markets (for good reason which I’ll explain in a moment), disinflation still rules the day in the U.S. and in Europe, clear cut deflation has the upper hand.

      In a nutshell, money-printing is not working to inflate away Washington’s or Brussels’ huge debts. So both governments are now turning AGAINST their citizens and are preparing to outright usurp their wealth to pay off gargantuan mountains of debt.

      Just connect the dots:

      Europe has now approved Cyprus-style confiscation of depositor funds should another bank in the euro zone go down the drain. And congress, in closed-door meetings the past two months have been discussing the same legislation.

      In addition, from a rock-solid source I have that is behind the scenes in Washington …

      – Leaders in Europe and Washington are seriously considering the 10 percent wealth tax that the International Monetary Fund recently proposed as a solution to pay off government debt!

      And here’s the real kicker:

      – Again, from my rock-solid source, Washington is also seriously considering nationalizing all U.S. retirement accounts and pensions — a confiscation in disguise.

      I’m not the paranoid type. I’m not an alarmist or one who sits around conjuring up conspiracies. Far from it.

      But when I connect all the dots — from my studies on the war cycles to what’s happening around the world and behind closed doors … and then I factor in what the markets are telling me, what the NSA spying says, what Obamacare and its 16,000 new IRS agents being hired to enforce it means, I come to one and only one conclusion:

      The massively indebted governments of Europe and the United States are now gearing up to pay off debts with your money.

      That’s why the rich are now starting to hoard and hide their wealth. That’s why most commodities are still in a deflationary mode. After all, you can’t hoard copper, oil, or corn.

      Money is already going underground. If you’ve noticed the past six months the collectible markets have been hotter than hot. Diamonds. Art. Rare coins. Rare collectibles like movie actresses props, singers’ guitars, etc. They’re getting double their estimated value at auctions. Why? Because the uber wealthy are getting ready. They’re hiding their money in advance. They want their money in things that they can put in a carry on and no one would ever know, at least a customs guy, that the three coins in this guys pocket are worth four million dollars. The wealthy—I’m talking super, super rich–have been getting ready for the uptick in government confiscation and war for the past year. Anything that has high value, is easily hidden, and can be transported in full view without drawing attention is hot in auction circles. That’s a warning. Its happened before every major world war. The wealthy go underground with their money. And its happening right now.

      It’s also why the NSA spying is continuing with no end in sight, and instead, according to recently released Snowden documents, and as reported by CBS News, the agency is collecting nearly five billion phone records each day, including information from cell phones belonging to Americans overseas.

      Ironically, this is the reason the stock market is doing well. Equities are considered non-confiscatable. Equities are now becoming safer to own than cash in a bank. Just ask anyone in Europe. Equities also pay a better dividend as well, and carry none of the risks that government debt do.

      Equities have done well in the past when the war cycles have turned up, and they are doing the same again today.

      So get ready. As the war cycles heat up, the roots of rebellion will grow.

      The good news: Ultimately, there will be a home-grown rebellion that throws the bums in Washington — all of them — out on their butts. A new day will come.

      A new government more like our founding fathers envisioned will emerge: A better life, better freedom and equality and the pursuit of happiness for all.

      But for the next six years it’s going to be hell.

      • Dawn

        This was written by Larry Edelson !

        • Dr. G.

          You’re right. A good share, the stats, and lots of the commentary are from Larry Edelson. I thought I said Larry Edelson wrote blah, blah, blah, but I didn’t do that. I will double check in the future. Thanks for the exclamation point. And thanks to Larry for the clear thinking, and the research.

    • El Pollo de Oro

      Mondo: I once told a prepper that the BRA has been in a depression since late 2008 and that the real unemployment rate is at 1930s levels (Shadow Stats/John Williams). The prepper’s response: this is actually much worse than the Great Depression because in the 1930s, the BRA still had a manufacturing base. So true. The only thing the BRA manufactures anyone is bubbles.

    • Hammerstrike

      2014 = 2007 2.0

  • Mondobeyondo

    If you are looking for a way out…

    Jesus Christ.
    He is the ONLY way out.

    • Mondobeyondo

      I don’t care how many down votes I get

      • K

        Well said. No matter what some may think, the truth stands.

        • Sandbagger

          “I Am the way, the truth and the life…”

          He said everything we need to know.

        • DownWithLibs

          Yep. People can manipulate the truth all they want, but God will always let it shine through!! Narrow is the gate to heaven.

    • JailBanksters

      But this time, they’ll pay Jesus a GaZillion Billion Dollars to not come into the Temple.

    • P.F.

      AMEN!!!

    • Richard

      No he is NOT “the only way out”. You are as delusional as those who are buying the stock market in hopes of everlasting wealth.
      Please remember that your pal Jesus CREATED THE MESS WE ARE IN IN THE FIRST PLACE. Do you understand that? How can he POSSIBLY be “the only way out” if he caused all this to happen to begin with? I have repeated this question to all the religious bigots in these comments MANY TIMES and I NEVER get an answer. Is this, in fact, just a religious blog with economic overtones? With 71 thumbs up and only 3 thumbs down to the offending comment above, you have to wonder. Or did one person just click “thumbs-up” 71 times?

      • Guest

        You have some real problems.

        • Richard

          Really? Pity you don’t say what they are!

          • Guest

            Richard,

            Aren’t you the guy who wrongly criticizes the author of this blog for things that he isn’t wrong about?

      • Dr. G.

        Richard, its pretty simple. This whole earth was created for the purpose of giving us experience, teaching us, changing us, helping us overcome weaknesses and making them into strengths. The “mess” you’re talking about is absolutely necessary. How do you overcome selfishness unless you’re confronted with the chance to choose between being selfish or charitable? How do you overcome dishonesty and self interest unless you’re presented with the choice? How do you overcome taking advantage of others and instead, learning to love them, unless given the chance. This “mess” that Jesus created is perfect for perfecting us, little by little, grace by grace. Its a training ground. A school. The greatest, most in-depth tutorial ever concieved. And I thank God in all things, both the good things and the messy things, for the good health and the bad health, for the good times and the tough times, for the bitter and the sweet, for the chance to choose between good and evil and to prove myself, again and again, until I have entirely been cleansed and taught and nurtured and changed and sanctified. This messy world is the best place to learn everything we must learn and overcome. No better chance than here and now.

        • squashpants

          Wow, I can’t believe what I am reading. There is definite indications of Near Death Experience knowledge in your comment, Dr. G. Especially the first few sentences. And I certainly agree with the assertions, as I base my spirituality on what NDE accounts say about the World, the Universe, and Everything. Indeed, what is happening on the Earth now is intended for our spiritual development, and eventually towards the development of Earth as a greater venue in the Universe. I think we spiritual people need to remember that this planet is not our final home, but kind of a boarding school. What is important is what we come away from it with. God forbid that we should ever have to stay here for more than the current life expectancy.

          • 2Gary2

            NDE is caused by a lack of oxygen to the brain

          • squashpants

            Yes, that is the usual scientific explanation for the phenomenon, but it is not a compelling theory by any means to me. Too much is not accounted for with that explanation.

          • 2Gary2

            phenomenon-interesting choice of words. That would mean you do not understand it either. My explanation is as good as any and better than most.

          • squashpants

            I agree with you on that, Gary. As I say to everyone with whom I discuss this subject, we all won’t know the reality of this matter until we die and die for good, and if the atheists are right, we won’t have very long to register that reality. But I would be happy to go out with the sort of visions that most NDExperiencers report, even with the unconscious end result. Not a bad end, IMO.

        • Rob W

          “This “mess” that Jesus created is perfect for perfecting us, little by little, grace by grace. Its a training ground. A school. The greatest, most in-depth tutorial ever concieved.” – Dr. G.

          I wonder how all those jews felt about being used as training material in the perfection of old Adolf?

        • matthew22v37

          dr. g….your comment is excellent and expressed my own thoughts perfectly.

      • Sandbagger

        Richard, I know you will not read this, but perhaps another whose heart has not been hardened will.

        2 Peter 3:1-9

        This is now, beloved, the second letter I am writing to you in which I am stirring up your sincere mind by way of reminder,2that
        you should remember the words spoken beforehand by the holy prophets
        and the commandment of the Lord and Savior spoken by your apostles.3Know this first of all, that in the last days mockers will come with their mocking, following after their own lusts,4and
        saying, “Where is the promise of His coming? For ever since the fathers
        fell asleep, all continues just as it was from the beginning of
        creation.”5For
        when they maintain this, it escapes their notice that by the word of
        God the heavens existed long ago and the earth was formed out of water
        and by water,6through which the world at that time was destroyed, being flooded with water7But
        by His word the present heavens and earth are being reserved for fire,
        kept for the day of judgment and destruction of ungodly men.8But
        do not let this one fact escape your notice, beloved, that with the
        Lord one day is like a thousand years, and a thousand years like one
        day.9The
        Lord is not slow about His promise, as some count slowness, but is
        patient toward you, not wishing for any to perish but for all to come to
        repentance.

      • Mondobeyondo

        Now YOU’RE being delusional! Jesus did NOT create the mess this world is in. It’s a long story (read the Bible to fully understand it) but Satan is the cause of all this misery on earth. It started in heaven, continues on earth, and will end in eternal punishment in hell, for those who are not saved by faith through grace in Jesus Christ.

        • 2Gary2

          bro–who created Satan? God you say? So who is really to blame?

          • Mondobeyondo

            God created Lucifer (along with literally everything else). Lucifer rebelled, and so he created himelf as Satan. He had free will to rebel. Michael could have rebelled, and so could have Gabriel. They did not..

            Ever since the rebellion, he (Lucifer) has wanted to be like God, tried to be like God, and on several occasions, tried to bargain with God to access His throne It didn’t work then, it won’t work now, and it will never work.

          • jonno

            What a load of absolute dribble. Christians can be convinced to believe almost anything. Next you’ll be telling me the jews are god’s chosen.

          • 2Gary2

            so the buck stops where?

          • Outsider

            I would like to suggest that intelligence is self existent and cannot be created or made. The mind of man, the spirituality or lack thereof was not created by God. God did not “create” evil. Our spirit and mortal bodies were engineered by God to accommodate and house this intelligence which has its own disposition and will (having a propensity toward good or toward evil). All intelligence has agency. God has rebellious children. Satan was one of them. He also has very obedient children. Jesus was the most righteous and obedient of them all.

            This plan (or mess as some call it) was put in place to allow God’s children to experience opposition in all things that they might be able to experience “joy” in the resurrection. This life is a proving ground, not for God’s sake, but for our own. We walk by faith in this life, not by sight. It pleases God to save faith-filled believers who the world deems as fools.

            This is just what I believe. You may disagree, but that is OK.

          • 2Gary2

            I do not need to experience pain to know that pleasure is better.

          • davidmpark

            Seriously, get some medication and therapy.

      • Mondobeyondo

        Yes, He is.

      • Rob W

        I know, you really gotta question an omnipotent, omniscient, omnipresent deity if this is the best plan it could come up with. Too much suffering. Maybe some bears can tear up 42 lads for making fun of baldy, that will lighten everybody’s mood…

    • blackciti_fo5

      Amen

    • Hank Kingsley

      Religion was invented by the powers that be to keep the masses down. Religion is part of the scam. Get ordinary people to believe in some made-up deity whilst the rich and elites run off with all the cash.

      • Nicnak

        Now they invited Netflix, and Fatca….
        it brings more money than religion.

  • Guest

    This is not good.

  • Annie from Indiannie

    Really don’t know where we are headed…I’ve been hearing this for 5 years now. Just kinda numb to it all. Will just live day to day. Until it happens. Be it tomorrow or 5 years from now.

    • Jimbo

      This last year has seen the manipulation go into overdrive. I have never seen anything like 2013 where fundamentals play no part whatsoever in the value of assets. Physical Gold is in huge demand but the price has been hammered down. Sovereign Debts are growing massively yet major western economies are able to borrow at historically low rates. Equities go up when they should go down and they go up the rest of the time as well?
      The MSM is screaming boom from the front pages when we all know the reality is the opposite.
      The Fed have kept the game going for 5 years but 2013 will be the year remembered as the one where the Fed began to lose the game.
      Early 2014 we will begin to see the results. This time next year the world will be a very different place!!

    • Alasha

      I know!. I wish it wud happen already.. Sigh

    • Mondobeyondo

      I know where we’re headed. You won’t want to hear it though.

  • Mondobeyondo

    Lose your head if you must, but don’t lose your minds. We will get through this.

    “Let me assert my firm belief, that the only thing we have to fear, is fear itself..”
    FDR, 3/4/33

    • MeMadMax

      FDR is partially to blame for some of the problems we are in now…

      • PanzerMeyer

        Well said!

      • Richard

        So is “God” but Mondobeyondo seems to like picking the villains to glorify with uplifting comments. Notice the unnecessary commas in Mondo’s FDR comment above to lend extra weight and stature to his comment. No commas are needed from the word “Let” right through to the last word “itself”. But it wouldn’t sound so noble and profound, would it?

  • A Dodgy Bloke

    Most of the financial data coming out of Washington is hog wash. The slight of hand and out right lies have been covered in this blog many times. The question is when will it blow up and what will be the results. I think many people will take a major hit to their life styles as they either louse their jobs or have hours and paychecks cut, or get less well paying jobs. This times you will see more tent cities more crime more drug use. The social safety net will be under more strain. The media wont be able to hide this or shield BHO and friends. They’ll try and some people will believe them.

  • themason90

    …pain…

  • Derail

    A cyclical bubble economy is definitely the new norm for America and the rest of the world. The days of steady sustainable growth will never return. Income inequality will never stop rising and the rich will continue to manipulate the markets with fed money on the cheap, while the middle class continues to dwindle. How this hasn’t crashed yet is truly amazing, but I suppose when the brakes on the train fail it just keeps rolling until it crashes. In this case numbers, percentages and statistics can be manipulated to mask just about any behavior or anomaly, you just need to be clever about it and hope that nobody notices.

    • Drud

      I agree with you about the state of things, but “never” is such a long time. There will be a devastating collapse, perhaps resulting in World War III. But, there will come a time in the not to distant future, when peace and prosperity come back again. As far as growth, I hope we have learned our lesson on that score, although I kinda doubt it, people are very foolish. Requiring a constant state of growth (as all debt-based currencies do) is what got us in this mess. A debt-free, slightly deflationary currency can allow for some contraction without a collapse. That is the way things should be according to the Constitution and that is the way we must rebuild.

      • Adam

        good points

  • DJohn1

    All the King’s horses and all the King’s men,
    cannot put Humpty Dumpty back together again.
    When it comes to the stock market, the verse is very haunting.
    When not if the crash comes, we are all in deep trouble financially.
    I think that the U.S. Government is actively contributing to a deliberate crash of everything. It is being done behind the scenes. Things like tax credits for business expenses being lowered from 179,000 to 25,000 per year. Well that will crash the service related business that these businesses do for maintenance on their computer equipment.
    Now add this up to other expenses that were tax write offs and you see the problem.
    Or banks deliberately gambling on derivatives and losing big time.
    Or a foreclosure market that is still going wild.
    People walk away leaving the asset terribly depressed. I refer to homes.
    Like deliberately depressing the Social Security raises for 3 of 4 years to the point of pushing people into having no discretionary income to purchase with.
    Then looking dumb when the retail market crashes.
    Most years I see huge sales right after Christmas with loads of advertising.
    This year it was silent. No advertised specials the day after Christmas. Hope people come to the stores to see what is on sale anyway.
    I know a Christian man that plans an annual Christmas party for kids. He buys everything at 50% off after Christmas. He holds the party every Christmas in the first week of January.
    In March there is an inventory tax on luxury items in this county every year. So retailers want to sell out before March.
    What I am saying is the Retail market depends on discretionary income long term to exist. When that goes, the retail stores go with it.
    But that appears to be the plan. Let everything go to hell.

    The question is who profits from that and why let it happen? We all have suspicious natures. But when it smells like a skunk, looks like a skunk, and has a cute white streak down its back . . . it most likely is a skunk.
    The same goes to the suspicious activity in the market.

  • Trtailer Park Investor

    dabee dabee – THAT’S ALL FOLKS
    That light you see at the end of the train tunnel is a mirror your looking at – so full throttle and full speed ahead, Good Times are Here…

  • Alasha

    this title captiin isn’t fair 2 tweety bird and bugs bunny! Lol

  • Ralfine

    Just don’t buy any stock if you don’t want to lose the money.

    Invest in people instead, or real estate.
    Pay kindergarten for your grand-cousin or collegee for your nephew, so he can slepp better and finish earlier.

    It doesn’t always pay back, but more often than at the stock market.

  • Bill

    By itself the 10 yr at 3 is concerning but along side two other factors things are getting very scary. I just noticed a sudden move in the dollar index. This move coupled with rumors of a 30% devaluation within 90 days are beginning to spell big trouble ahead. Now bring into play the Twitterized stock market and you find a “bunch” of fuses about to ignite a financial calamity.

    • Bill

      A twitterized stock market is like a Texas cattleman that is all hat and no cattle.

  • Ralfine

    My plans for 2014?
    Get a job, then maybe buy a car, go hiking on weekends.

    Plant a few trees, fix the fence, cut the hedge, get me a new laptop, a raspberry and an arduino, and possibly a vacation together.

  • Nicnak

    you want make money. Invest in bitcoin.
    please send me something for my free tip.

    1FLvmF4aCoqvh3ZPsi3yppvJfU4UU4BAL7

  • Daystrom2012

    And I heard a voice in the
    midst of the four beasts say, A measure of wheat for a penny, and three measures of barley for a penny; and see thou hurt not the oil and the wine.
    And when he had opened the third seal, I heard the third beast say, Come and see. And I beheld, and lo a black horse; and he that sat on him had a pair of balances in his hand. Revelation 6:5-6

    .Woe,woe, woe, to the inhabiters of the earth.
    Revelation 8:13

  • Don_in_Odessa

    Actually the broadest market,the NYA, is $50 below it’s 2007 high. And the S&P only close to a 1.382 expansion from it’s lows. From a longer term perspective (monthly) we are doing normal market advancement. I expect the PTB to try to end January higher in order to nail the January effect in the minds of the superstitious.The S&P could do a pretty good replacement to maybe between 1600 and 1700 any time now. But, probably won’t be the big one until we get past $2000. A normal expansion on a yearly basis, over the next several years could even bring us to between 2100m and 2500. My opinion is based on the most commonly recognized trading indicators.

    Don’t let those who consistently make their living off fear sway you in one direction or another. The markets are up over 100% the last 6 years. This website along with a few others would have had you out of the market the entire time. They are selling fear not wisdom.

    Although there is a day of reconing coming it could quite possibly be long after you and I have spent our last silver coin. Prepare for the worse of course. But, don’t neglect the potential of God delaying things either.

    • Richard

      First of all, this website is not “selling” anything. It is doing the job of those who won’t be around to issue their pearls of wisdom when the markets collapse. What are you going to say if the market loses the entire rise in three months? I actually know what you’re going to say. You’re going to invoke some ridiculous ‘event’ that has been glommed onto by the pundits to ‘explain’ the collapse and you are going to say, “yeah well, of course, I could never have predicted THAT was going to happen when I made my comments about people selling fear not wisdom.” Don’t worry. You’re in good company. They all do it.

      • Don_in_Odessa

        “Although there is a day of reckoning coming it could quite possibly be long after you and I have spent our last silver coin. Prepare for the worse of course. But, don’t neglect the potential of God delaying things either.”

  • Lennie Pike

    I know that QE Infinity is not $85 billion with a $10 billion taper per month – it is $200 billion plus as much more as they feel like it per month. They lie about everything else, and they’re not telling us the truth about QE. They will end QE only when their troops are marching down our neighborhood streets to confiscate our small arms and deal harshly with anyone who frequents websites similar to this one.
    The only possible reason for NSA surveillance is to get all names on a list – for or against an evil totalitarian world government.

    QE is food stamps for the elite with zero trickle down and a lot left over after the trip to the grocery store.

    People like us are the only ones not receiving free money but we are the ones paying for their party.

    End the Fed, and begin the trials for treason and administer the correlating punishment.

    In 1913 our country was seized by a gang of criminal luciferian thugs. We all know that D.C. runs on bribery and that “Our” Representatives are bought and payed for by Wall Street – members of the same gang as the Federal Reserve.

    The services of the U.S. Military will be required temporarily to accomplish the action of taking our overthrown unconstitutional government back. Wake up Servicemen!

    • Citizen X19

      “…QE is food stamps for the elite.” That’s a great way to put it!

  • Patriot Alice

    It’s a managed market, not a market economy, inflated by monopoly money…

  • chilller

    What’s going on with stocks and gold is uber obvious. It’s no secret the economy/financials are living on borrowed time and that gold has been hammered down to the point of miners stopping production due to costs, in support of the dollar. Why? Because the gubermint knows bad ju-ju is coming and are attempting to cushion the blow. If they hadn’t intervened, gold would be $2,000 and the Dow cowering below 10,000. If the market drops 30% from 10k, it goes to 7,000. If it drops 30% from 17-18,000, it only goes down to around 12,000. The same for gold but in an upward motion.
    The miscreants behind the curtain must be exposed for the tangled web they’ve woven and caught us all in. It’s time for America to grow a spine and once again become the home of the brave.

  • Penny Pincher

    You display a negative ad against Matt Bevin but it’s lies. The bell company had tax liens before he took it over and it no longer has liens. The “bailout” was a loan which is being repaid per the loan agreement. Bevin pretty much saved that bell company and every time you see a Salvation Army bell it came from that company. McConnell has also put a stranglehold on the Republican party address database so Bevin can’t even use it to campaign. (McConnell controls the party). Bevin is the more libertarian candidate, McConnell is a RINO and uses his position to protect his position.

  • XSANDIEGOCA

    We have not even begun to feel the effects of Obama Care! The Middle Class is going to be eviscerated but this is all according to plan. The next two elections will tell the story.

    • DiscouragedOne

      For sure, increases in Medicare tax and other taxes starting next year, and the absolutely disastrous increases in the fines coming in 2016 (of course they must have the election first). Spread the news about those fines coming in 2016, for the $9,500 5o $37,000 range, $695 per adult in a family (or up to 3 times that amount), for higher incomes the fine or 2.5% of your income (pssst…it is going to be 2% in 2015). Maybe if people realize they are going to have to pay and exemptions won’t save them, maybe then they will wake up. Wait till Obamacare kicks in for corporations…it won’t be pretty.

  • Mondobeyondo

    December 2013 = September 1929
    (timetable may be a bit off)

    • Mondobeyondo

      That’s the best I can do.

      • K

        Mondo, I truly believe, we are down to only one last event. 1. Whatever date the big banks and elites have in mind. 2. The public suddenly realizes the Emperor has no clothes. The first one, will never be revealed to the common man. The second is just not predictable.

        • Annette Smith

          K, we already know the Emperor has no clothes…it’s the MSM that thinks he does, LOL!!!

          • K

            If the majority of the public knew it. I suspect things would be a whole lot less peaceful .Most who come here, are of the small percentage who are awake..

  • http://www.pointsandfigures.com/ pointsnfigures

    stocks are good as long as the Federal Reserve continue to signal it’s safe to buy. QE forever

  • rawiron1

    I sold 3 China stocks this year at 45, 100, and 103% profit.

  • FounderChurch

    FounderChurch here: What is driving the Stock Market is one thing, FEAR OF INFLATION, and nothing else. We are entering a long, and perhaps fatal, period of what was called under President Ford and Carter, Stagflation, where the economy is down, jobs etc, but inflation is up, up, up.

    To combat this, look for wage, price, interest and credit controls to come next. Much of the rest of the world may meekly follow suit, BUT some of the increasingly strong blocs such as Europe, Russia, China and the Gulf states may opt for another scenario that we have hints of, but that are still under development by them, in order to deal with the crazy USA and its siblings such as Greece, and the weak sister stumbling so-called Third World.

    Civil disorders may follow this and other unknown collapses may occur, along with the rise of neo-Nazi, and neo-Communist regimes. Where these might arise is as yet unpredictable. Could be here in the good ol USA.

    Politically, the nation will be looking for a Reagan to throw every gear into reverse of, not retreat, but just advancing in a different direction. Who would that be? Someone like Trump. Maybe Christie. Maybe Cruz. Maybe Rubio. But forget the old guard who are all discredited. Whoever Newt endorses could be THE MAN OR WOMAN TO DO IT, IF IT CAN BE DONE AT ALL.
    For more insight Search “FounderChurch” to find where WE SHOULD GO~

  • FounderChurch

    For the long haul, GOD, LOTS OF CHILDREN & SAVINGS in some form, are the only real Security. FounderChurch at gmail.

  • Songchannels

    The alternate news people have been harping on collapse of the dollar when gold is what’s been collapsing. They’re predictions have proven to be largely false and people have lost a lot of money due to Alex Jones and Gerald Celente’s premature predictions of doom. People made a lot of money in the stock market at great risk and now they can pour it into cheap gold while the suckers who followed Jones et al., are left with a horrible deal outside their water filters, ammo and dehydrated food.

    • Jimbo

      If you think that exponential economic growth is possible in the long term, then continue with stocks and maintain your faith in the dollar. For me, everything looks like the last days of Rome. All empires end with a period of wild excesses and that is what we are seeing with the insane rises in stocks. Watch the ten year (above 3% now) and watch the price of oil.
      Meanwhile, my gold is just as shiny as it ever was.

    • k

      Gold and dollar are both sides of the same coin. When dollar is low, the ‘people’ who want to make a buck out it, say gold is collapsing. Masses then buy the dollar sold to them by those ‘people’ by selling their investments in gold. And when the gold is low, ‘people’ say dollar is collapsing and the masses move their investments from dollar to gold sold to them again by those ‘people’.

      Same with stock market, futures, commodities, bonds, treasuries you name it. And now presumably bitcoins.

  • Dave

    There are numerous potential bubble busters bumping up against these inflated asset prices that it has become impossible to know exactly which one or ones in combination will be the eventual death strike to this market or when that will be. Who can say for certain. Still, they are out there and believe you me the ones left holding the bag will be retail as the big money boys are first in line for the door as always. The Fed is still pump priming the market (not economy) and this is where the danger lies and it will become even clearer as they are already losing control of rates. So much for the Bernanke put.

  • tooo funny

    April will bring forth a devastating crash.

    • Libertatem Bellator

      It’d going to be MUCH sooner than that.

      • xander cross

        How exactly do you know that? I am curious to know.

        • Alleged Comment

          Exactly what makes you think he does NOT know? I am curious to know.

        • Libertatem Bellator

          I’m basing my prediction on gut instinct. I have a feeling that we’re going to see the collapse in early 2014. I should have clarified that it in my original post.

  • Dr. G.

    This time it’s NOT inflation. I used to be in the hyper inflation camp, but not anymore. Central banks worldwide have been printing money hand over fist. Japan has printed more money in the past year than has ever been printed (per capita) by any country. The USA and EU aren’t far behind. And China is ramping up its money printing while denying it as they print.

    And what has been the result? Deflation rather than inflation. Bankruptcies and asset losses are mounting across the globe. And bankers are freaking out. They’ve been trying to inflate away your buying power to pay for Washington’s (and other corrupt governments) for a few years now, and its all failed.

    The two things that are going to effect each of us financially in the next six years are wars and direct government confiscation of personal wealth. That’s where we’re headed from here.

    Just thing about these two things:

    China has claimed the airspace over the Spratly and Senkaku Islands, setting off a potential major dispute. Washington sent in B-52 bombers and China countered by sending in an aircraft carrier and jet fighters.

    The clash isn’t over. China will own that airspace. And its next move — which could come at any time — will be to take sovereignty of the East and South China Sea, of its shipping lanes and the very big oil and gas deposits near the Spratly and Senkaku Islands.

    Meanwhile …

    The Ukraine is splitting in two. A civil war is right around the corner, where half the Ukraine sides with Russia and the other half with Europe.

    This is a serious situation. And while it may seem like it’s all happening in distant lands and won’t affect you, believe me — it’s coming to the streets of America.

    The reasons may be different, and I’ll get to them in a minute, but for the next six years — until the war cycles peak in 2020 — it will be time to batten down the hatches.

    It will also be time to get ready to join the rebellion against Washington, from the ground up, to get rid of the current form of government, which is as far from what our founding fathers envisioned as can be imagined.

    So exactly how will the war cycles show their face in the US of A?

    First, the war cycles are international in scope. So while right now we are largely seeing domestic social unrest in many areas of the world, I can assure you that not only are you going to see more of that, but there is also going to be international unrest.

    North Korea will act up again. More importantly, the China, Spratly, Senkaku Islands dipute WILL lead to military conflict between Japan, Korea, Indonesia, the Philippines, Vietnam and yes, the United States WILL get involved. I have no doubt about it.

    It may not happen tomorrow, or next month. But I am 100 percent confident that in the months and years ahead that because the war cycles are now ramping up near vertically, they are going to lead to a major war.

    Second, there’s a major economic war going on behind the scenes. And you need to know about it TODAY.

    Washington is getting ready to confiscate large portions of your wealth. I never thought it would come to this, but it has.

    I can see it clearly now. It started in September 2011. That’s when Ben Bernanke announced QEIII, but the money-printing failed to have the desired effect. Gold, instead of soaring, plunged. And it keeps on plunging.

    Instead, what started to soar is collectibles and portable wealth such as gold coins … jewelry … diamonds … art work … rare books … rare watches … and more.

    Savvy investors are now hoarding their wealth and getting it off the grid as much as possible.

    WHY? Because all the money-printing in Europe and the United States is not working.

    You see, the money-printing was designed not just to try and bolster the economies of Europe and the U.S. — it was also designed to inflate away Europe’s and Washington’s debt problems by devaluing currencies.

    But here’s the catch: Right now, with the exception of the equity markets (for good reason which I’ll explain in a moment), disinflation still rules the day in the U.S. and in Europe, clear cut deflation has the upper hand.

    In a nutshell, money-printing is not working to inflate away Washington’s or Brussels’ huge debts. So both governments are now turning AGAINST their citizens and are preparing to outright usurp their wealth to pay off gargantuan mountains of debt.

    Just connect the dots:

    Europe has now approved Cyprus-style confiscation of depositor funds should another bank in the euro zone go down the drain.

    In addition, from a rock-solid source I have that is behind the scenes in Washington …

    – Leaders in Europe and Washington are seriously considering the 10 percent wealth tax that the International Monetary Fund recently proposed as a solution to pay off government debt!

    And here’s the real kicker:

    – Again, from my rock-solid source, Washington is also seriously considering nationalizing all U.S. retirement accounts and pensions — a confiscation in disguise.

    Look, I’m not the paranoid type. I’m not an alarmist or one who sits around conjuring up conspiracies. Far from it.

    But when I connect all the dots — from my studies on the war cycles to what’s happening around the world and behind closed doors … and then I factor in what the markets are telling me, what the NSA spying says, what Obamacare and its 16,000 new IRS agents being hired to enforce it means, I come to one and only one conclusion:

    The massively indebted governments of Europe and the United States are now gearing up to pay off debts with your money.

    That’s why the rich are now starting to hoard and hide their wealth. That’s why most commodities are still in a deflationary mode. After all, you can’t hoard copper, oil, or corn.

    It’s why the NSA spying is continuing with no end in sight, and instead, according to recently released Snowden documents, and as reported by CBS News, the agency is collecting nearly five billion phone records each day, including information from cell phones belonging to Americans overseas.

    Ironically, this is the reason the stock market is doing well. Equities are considered non-confiscatable. Equities are now becoming safer to own than cash in a bank. Just ask anyone in Europe. Equities also pay a better dividend as well, and carry none of the risks that government debt do.

    Equities have done well in the past when the war cycles have turned up, and they are doing the same again today.

    So get ready. As the war cycles heat up, the roots of rebellion will grow.

    The good news: Ultimately, there will be a home-grown rebellion that throws the bums in Washington — all of them — out on their butts. A new day will come.

    A new government more like our founding fathers envisioned will emerge: A better life, better freedom and equality and the pursuit of happiness for all.

    But for the next six years it’s going to be hell.

    • Annette Smith

      Even if we throw the bums out, they get their “retirement” each year. We have to put a stop to that.

    • Guest

      Dr. G,

      You need to give credit to Larry Edelson as he’s the one who wrote this. I know because I receive his emails.

  • frank1569

    According to recent Big Corporate Media headlines, the stock market is up, unemployment is down, retail sales are up, and extreme wealth inequality is no biggie. Also no biggie: Climate Change, Fukushima, the record $43 billion in Big Bankster criminal fines, and 12 years of massive government spying and personal data collecting for reasons still mostly unknown.

    2014 Prediction: more of the same, only worse while the vast majority of Us set a new record for utter passivity. Happy New Year!

  • Sandbagger

    The stocks of mega companies are going nuts with nothing of worth to back them up, that is true.

    Why?

    The ultimate goal is for the owners of these companies to deliberately destroy them. They are part of the ultimate agenda of destruction. Agenda 21. The Illuminati are worshipers of destruction.

    If they make a buck suckering in the underling before the bubble pops, all the more glory for their lord and king, Satan.

    • David Hammond

      I just can’t buy into the whole deliberate destruction theory…I believe it’s quite the opposite, they are putting the system on life support in order to save it. Why would you purposefully destroy your wealth? So you could live in poverty? Makes no sense. They are doing everything they can to save the body full of cancer, but slowly the cancer has been metastasizing and will eventually go into organ failure.

      • Jimbo

        My own belief is that what we are experiencing is a result of a myriad of cumulative errors or deliberate frauds built up over the last 50 years or so.
        The Fed and the Government are trying to keep the plates spinning and hoping against hope that their policies and plans will work.

        Meanwhile, the wealthy are trying to position themselves so that they can retain as much wealth as possible when TSHTF.

        • Kim

          And the larger, background story of all this is peak oil. The end of cheap energy as we knew it. our leaders cannot or will not openly and honestly create a coherent dialogue with the America people regarding our changing way of life. Not that I think they’d (the people) be open to it, but at lest give us a chance.

          Cheap energy (the ability to use a cheap, organic substance to do the work of a thousand men) was the mother of the industrial era of the United States. We are in steep decline now– on the downside of Hubbert’s bell curve.

          • Jimbo

            Yet I talk to friends about this and they say “but the USA has massive oil reserves?”
            When I tell them that 50% of all the oil ever extracted in history was used in the last 22 years, I get blank stares.
            Yes, there is a lot of oil in the ground, but we are using it at an unsustainable rate.

            Here’s a bit of an eye opener.

            In Australia, we pay $5.67 US for a gallon of unleaded. The UK pays $8.73.
            Could the USA economy afford fuel prices like these?

          • Kim

            Yeah, I hear ya. It isn’t about how much oil is in the ground. It’s about the quality of the oil and how expensive it is to get the rest out — u know, scraping the bottom of the barrel isn’t as sweet as skimming the cream off the top.

            And no, we cannot afford $8.00. Even what we are paying now have broken our backs, see Detroit and Camden and a slew do other US cities,

          • Doug Hammond

            Hey Kim, I found some of your remarks and enjoyed your perspective. I’m new to this site. I’m on Facebook under Doug Hammond if you are too. Thanks Doug

          • Kim

            Thank you. People like Michael have opened my eyes over the years and I do a lot of my own research. Nice to meet you! I’m from Portland Oregon.

      • wally

        I don’t know about that David. They took down Cyprus after the wealthiest got their money out. There is some ungodly amount of wealth that is estimated in off shore banks. To whom does that money belong. They are not trying to save the body they are like leeches sucking every last bit of blood out of those that are foolish enough to invest in the stock market.

        By devaluing Gold and silver and cranking up the stock market to seemingly every day new highs are they not getting jack and jill to poor (sarcasm) whatever money they have into the market? Then after the have bled as much as they can then poof. Gone….They bail just days before and jack and jill lose everything. Isn’t that a logical theory?

  • Rufus T Firefly

    God is distributing the wealth to the 1% that deserve it….the rest of the losers deserve the dirt they are getting.

    • wally

      God has no concern with money and if you are a believer then you believe that God has given man free will and that man can use that free will for good or evil.

  • Kim

    -The yield on 10 year U.S. Treasuries just hit 3 percent.>>>>>>>

    Up, up and away, in my beautiful my beautiful balloon…

    Ok, I’ve been waiting for it to hit 3.0 to say that. Today it’ll close up another two basis points. I do believe.

    • Jimbo

      It hit 3% yesterday but finished at 2.99%. I think it will do the same today so that it is just below 3% for the weekend.

    • Jimbo

      The CNN closing number was 2.99% but what is 0.01% anyway? Maybe CNN thought that publishing 2.99% wouldn’t look so bad. We all know what this means for long term rates and it proves that the Fed can’t control bond rates unless they continue with QE forever.

      • Kim

        Yeah I was just thinking the same thing : what is . 01?

        • Jimbo

          Hey Kim, did you know that your posts get deleted if they have links in them?
          3.02%. Seems the Fed couldn’t keep it below 3% after all. Have a great weekend.

          • Kim

            I am aware they are put in a moderator queue.

            Michael gets to them when he gets to them.

            I posted the link to the treasury’s official govt website: official closing 3.02.

            Take care. Enjoy your weekend. It’s actually nice out here on the Oregon coast. Almost spring-like. Almost. :-))))))

          • jonno

            When I lived in Oregon in the 70s it was the greatest place with the nicest people I’d ever met. Coming from Australia I’d never encountered people who were so proud of their state and country.

  • Mohsen Samii

    Timing is a must, one must know when to get in and when to get out. I prefer to close a position when ahead and satisfied with an X amount of profit regardless as to what comes along next.

  • Mondobeyondo

    I do have a relationship with Jesus Christ. And I don’t live in the past, although I study it frequently. The past is the key to the future.

  • David Hammond

    I think I’ve heard so many “economic collapse” predictions since 2009, that I’m starting to think it’s a ruse to the ruse…essentially, no one truly knows anything except for the money changers, and that’s kept behind closed doors.

    • Jimbo

      The collapse has been postponed by building unsustainable levels of sovereign debt. There has been no recovery and unemployment is up on 2009 levels and real wages are down. There is no way that this can continue.

    • wally

      yep so have I. I think it is planned. It won’t happen when someone predicts it. It will happen at a time to catch people off guard.

    • CityDweller

      Ah no. Its only because the right wing hates the half-white President so much they want to see economic disaster. They are rooting for it.

      Which is really weird, the last guy in the Oval Office sat on his hands and did nothing when the approaching collapse was obvious. But he gets a pass because he was all white.

      • David Hammond

        Ok, so if you are going to make that claim then prove it…or else it’s just a progressive talking point, which is empty.

  • Homer

    Many times the road you are going to go down you will not be familiar to you. (the Healer. Twilight Zone)

  • dndgaddy

    People better get out and run for cover! It is all built on a lie and coming DOWN NO DOUBT ABOUT IT!

    • CityDweller

      You probably said this last year, the year before, the year before that too.

      wrong, wrong wrong and you will be wrong again.

      At least you are consistent. Buy lots of gold… fool.

      • Gay Veteran

        the Chinese and Indians are buying lots of gold

  • anonymous

    I have never commented before on this blog, but I wanna now. I agree with no manufacturing in this country anymore. Also though back in the 1930’s when the depression happened our country was also primarily still agricultural. Farming was still the usual way of life. Now farming is pretty much non existent. Much of the corn fields, and bean fields out where I am in Ohio are for animals and not human consumption. So for people who may find themselves in a situation one day these corn (meal corn usually) really isn’t for human consumption. Also soy beans can kill if not processed properly. Just a heads up for those who may not be from a farming community. But I digress.

    I think in these times everyone informed should have a bug out bag prepared. I live in Cincinnati Ohio and this city is running parallel with Detroit right now. So I’m prepared for here as best as I can. Good luck to you all in the times ahead.

    • Jimbo

      Look at the UK. Once an agricultural paradise but now a 40% importer of food.

    • Annette Smith

      And, if you have a “bug out bag”…where do you go to with it?

    • Rene Girrard

      I hear all the bad downtown crime is moving up Glenway Avenue.

  • Ceasar Salad

    “It always goes up just before it goes down” –
    Ali Blah Blah

  • Frederick John Reinhart

    Our economy is going down a road of no return and unless there is true repentenace among believers and a total turnaround of Washington leaders who are living in a fantasy world our economy will collapse probably sometime in the second half of the year. However, I think the key will be Iran and Israel along with North Korea. When this explodes it will throw a wrench into everything. For those of you who have not read any of Joel Rosenberg’s novels please do so. They are a real eye opener. For now as believers in Christ we need to stand for Jesus as things are going to get progessivly worse and as we let our light shine hopefully many more will come to know Christ Jesus as Savior before the church is called home and the tribulation period starts shortly thereafter. just a thought

  • Elihu Wygant

    Planned collapse. Just don’t know the exact timing; but not too far in the future. Probably in 2014.

  • jn

    ssssssssssssssssssssssssssssssssssssssssssssssssssssssssssssssssssssssssssssssssssssssssssssssssssssssssssssssssssssdddddddddddddddddddddddddddddddddddddddddddddddddddddddddddddddddddddddddddddddddddwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwww

  • Citizen X19

    When the Federal Reserve brings QE to an end (supposedly in summer 2014), the stock market will start a long download spiral.

    • CityDweller

      Wrong, there will be a correction sometime next year. But it will be happening because investors will want to lock in profits.

      Then the market will hit new highs.

      We are looking at a good 5 year run of economic expansion ahead of us.

  • Mondobeyondo

    The rising stock market is just the latest bubble. It will pop, like all bubbles do. Didn’t we learn anything from the housing bubble of the mid-2000’s? Nope.

  • squashpants

    Finally, the 10-yr Treasury Bill rate hits 3% and over the last two trading days has maintained it. In the past, the rate has fallen back down into 2 territory. Will TPTB intervene to stop the rise, as they seem to have in the past, or will the rate show a sustained rise? I am anxious to see, as Micheal has predicted the rise of interest rates would bring big stress on the financial house of cards. Let’s see if we finally have some movement on this apocalyptic scenario.

    • Mondobeyondo

      Interest rates can not stay this low forever. They have to go up. If they remain low, eventually the country is headed for disaster.

      The problem is, if interests rates do rise, the country is headed for disaster. The national debt will explode.

      Classic Catch-22.

      • CityDweller

        Interest rates will go up slowly. Everything will be fine.

        • Gay Veteran

          LOL, yeah, tell that to the real estate market

  • mleblanc138

    Just made my first ever 4 figure gain in the markets. I bought a certain stock 8 days ago, and today it surged upward on news that it had released the beta version of its Bitcoin trading website. My price points of entry and exit gave me about a 50% gain over 8 days.

    If a major stock market crash is coming, then the question we should all be asking is “When should I short sell this market?” Or, “When should I buy put options on this market?”

  • Dietl

    Reminiscent of the time of the .com bubble when Amazon was soaring despite having lost money for five years in a row. Twitter is now worth billions despite having no profit. The reason is that there is a lot of money chasing too few good stocks. Much of it printed by the FED.

  • Lalo

    Thank you for your story. Unfortunately Americans dont care as long as they have beer and football. Ignorance is bliss and when it all comes crashing down those who chose to stick their heads in the sand are the ones we are going to have to feed in the streets

  • wally

    Is this not a logical hypothesis?

    By devaluing Gold and silver and cranking up the stock market to seemingly every day new highs are they not getting jack and jill to poor (sarcasm) whatever money they have into the market? Then after the have bled as much as they can then poof. Gone….They bail just days before and jack and jill lose everything. Forget QE, are they not monitoring every dime that is flowing from unsuspecting investors?

    • Jimbo

      It is a “bail in” in disguise. Our pensions and savings go into the markets, the markets crash and we have nothing left. We then have to go out to work for whatever we can earn to survive.
      Gold and Silver have traditionally been ways to store savings safely and the monkey hammer down this year has been designed to scare us out of PM’s and into the markets.
      We are being herded like sheep into a pen.

  • Jimbo

    Every party I have ever been to has been at its best just before it ends. Everyone is dancing, everyone is drunk and we are having the time of our lives. Then the plug gets pulled on the music, the lights go up and we are thrown out into the cold night air to make our wobbly way home with nothing but a massive hangover and a heap of regrets.

  • k

    One bubble that is fueling all the other bubbles……debt bubble!

  • Mondobeyondo
  • Mondobeyondo

    Spend some time on “The April and Wayne Show” on YouTube. Learn the truth about pop music. No, it is not indoctrination.

  • jollyroger

    I’m totally amazed at how articles like this bring out the religious nutballs and wackos attempting to convert everyone else to their sham religion.
    Go take your despicable preaching somewhere else. The rest of us are getting tired of your endless religious sniveling and whining.
    Stop trying to turn every article into some southern baptist tent revival. It’s sickening to have to wade through the religious rubbish the lot of you print.
    It’s all rubbish. Your god is not going to save you.
    It’s getting tiresome trying to wade through all the religious rubbish and nonsense so many of you vomit out of your mouths.
    Every article becomes nothing more than a southern baptist tent revival. It’s insulting and disgusting.
    Why don’t the lot of all you religious retards come up with your own website and then you spout all the useless scriptures back and forth to each other. I’ll bet you will all be at each others throats within two hours.

    • jn

      I’m totally amazed at how articles like this bring out the leftist nutballs and anti USA wackos attempting to convert everyone else to their sham religion of AlGoreness.

      • CityDweller

        This “leftist” is bullish on the US economy. Its the right wing who are fear mongering and trying to throw a monkey wrench into the economy.

        • jn

          ha, you crack me up, thanks! hey, how’s that obamacare working for ya’???? bwa ha ha

          • CityDweller

            I live in Canada. I don’t have to worry at all about healthcare. I wouldn’t trade your system for ours if you put a gun to my head.

            I just hope Obamacare fixes some of the problems in your system. Time will tell.

            Universal Single Payer (like other modern societies such as Israel, Australia, Canada, Germany & Sweden) is the only way to deliver care properly at an affordable cost.

          • Fred Bracken

            City Dweller , you are a nut. You cannot have Canadian health care without American hospitals. Quit talking out of your azz. How many Canadians go the USA EVERY SINGLE DAY because there is no service in Canada. You sound stupid, like a typical anti-American Canadian bigot. Canadian politicians for Christ sakes go to the USA for better health care. Who are you trying to kid? The USA has the most INNOVATION because it is a free market. When Americans start flooding into Canada for care not available in the USA, then maybe you have a point. When Canadian politicians start using Canadian hospitals , then maybe you will have a point. You sound stupid buddy, like a typical Canadian. Again, if Canadian health care is so great, why do Canadians, daily, have to go to the USA for health care that the government won’t/can’t provide. Show some respect to the American system that actually provided services to Canadians who otherwise would die. If you want have a debate about this, lets meet somewhere as I take your anti-American bigotry very seriously. Shut your trap. Canadian health care cannot exist without American hospitals. And you have the nerve to come to this site to try to shame Americans. Idiot.

          • CityDweller

            Most Canadians using American hospitals is because they got sick or injured while in the USA. Its still only in the low 10’s of thousands each year. Your insurance industry puts out that BS, you eat it up.

            1 million Americans go to Mexico each year for health care… 1 million! They have to go to the 3rd world for care! Whats up with that?

          • Fred Bracken

            Google the following.
            Detroit Free Press Canadians visit US to get health care.
            And then get back to me,
            The Canadian government doesn’t even provide services to take care of their own people.
            And you can support such a system?

          • CityDweller

            Dude, I live in a border town. All these years I only ever met one person who choose to go over for healthcare. It was a timing issue with their work schedule because they are self employed and it was elective surgery. They won’t be doing it again because it is too expensive. Then when they had a heart attack, and surprise.. right to our local hospital.

            The Canadian government doesn’t provide healthcare, the Provinces do.

            Our system is extremely popular. Extremely. You couldn’t not get elected dog catcher up here if you advocate anything but Universal care.

            Also, you probably dont know this, but 50% of our healthcare is provided by private companies. But the government pays the bill. Like my own Doctors office.

            I had surgery 3 months ago in a brand new billion dollar hospital. Was in for 2 days and did not pay one single penny out of pocket. No co-pay, deductible or premiums. Not one penny.

            My 93 year old grandmother slipped on a sidewalk 5 years ago, broke her hip. 12 hours later she had a brand new hip. Again… not one single penny out of pocket.

            Our system is good, it is not perfect. I would never subject myself to your system. Neither would the rest of entire free world.

            Keep eating up that insurance industry BS. And pay your massive premiums, co-pays and deductibles on time Yank!!!!

          • Fred Bracken

            You don’t have a health care system. If you did, the provinces wouldn’t have agreements with American hospitals to provide health care not available in Canada. I’m Canadian too dummy and I live in an Ontario border town. Actually, in Fort Erie, we have NO TRAMA CENTER, so anybody around here goes to Erie County medical center as the care is not available in the Niagara Region. Who you trying to kid?
            How can you call universal care in Canada a success when the province of Ontario is broke and health care is the major reason. You give me your personal examples while ignoring the thousands of people in Ontario who need to go to the USA because the care or surgery is not available in Ontario. You are a typical brainwashed Canadian who believes everything the government tells you to believe. Jean Chretien went to the mayo clinic to get better health care. Imagine that. A PM of Canada going to get health care in the USA. Imagine Obama having to go to the new hospital in St Catharines to get better health care not available in the USA? Can you even imagine? What about Danny Williams. This guy trashes American health care and then goes to the USA when he needs his own health care. Or Belinda Stronach, who went to Los Angeles to get health care not available in Canada. You are a house slave buddy and you can’t debate me. You look like a food telling me Canadian health care is better when Canadian politicians wont even use it. You’re a sheep boy.

          • CityDweller

            That is because Fort Erie is a dying town and the centralization of services in the Niagara Region. You know this and so do I.

            They will get you to the new hospital in St. Catharines. Or fly you to the Hammer or Sunnybrook. Or if those places are swamped then over to ECMC. So what?

            I am guessing you are not running over to Buffalo every time you want a prescription or physical and whipping out your own credit card.

            50% of healthcare in Ontario is provided by the private sector, from your Doctors office, to the xray clinic, to the blood clinic, rehab services, nurse visits to your home… to parking lot at the St. Catharines hospital and the cleaning services.

            Farming some care out to an American hospital in an emergency is no different than sending you to the private sonogram lab.

          • Fred Bracken

            So why centralize the services? How is that good? Why don’t we have one hospital in all of Ontario?

            You again, fail to understand, and it’s out of plain ignorance.

            People in car accidents in Fort Erie with life threating injuries HAVE TO GO THE ECMC AS THEY WOULD DIE IF THEY DIDNT.

            Do you understand? They would NOT SURVIVE THE 30 MINUTE RIDE TO ST CATHARINES.

            What’s wrong with you? You only care about yourself?

            Here is one example. Can you imagine having to go through a border checkpoint to get health care your government will not provide?

            “A man was taken to Buffalo’s Erie County Medical Center with serious injuries following an accident in Stevensville.

            Emergency crews were called to Stevensville Rd. Wednesday morning for the two-vehicle crash.

            The 50-year-old driver, who police wouldn’t identify, was ejected from his vehicle and transferred to Erie County Medical Center with what police are describing as life-threatening injuries”
            I cannot understand how you can defend a system that has to send you out the country just to save your life.
            This happens weekly in the Fort Erie area. Weekly.
            Don’t drive in Ft Erie as you will be going to ECMC if you need life saving treatment.
            LOL.
            How many Americans are saved by treatment in Canada?
            Answer. NONE.
            Socialized medicine is based on a budget and of rationing services, not based on the individuals need to have treatment.
            And that’s a disgrace.

          • CityDweller

            When they build the new hospital on the border of the Falls/Welland/Fort Erie this problem will be mostly solved.

            In the meantime. Fort Erie is a small town that is not growing and there is a 1st world hospital 5 miles from the centre of your town. We don’t need another large hospital in Fort Erie, it is a waste of money. We have highways and ambulances, paramedics and helicopters to get you to the closest place for care. The system is working for you, chill.

          • Fred Bracken

            I’m happy you admit that American hospitals are needed for Canadian health care to be a success.
            I proved my point.
            Fred Bracken – 1
            City Dweller – 0
            Game over.

          • CityDweller

            Admit it, I said it from the very beginning.

            I don’t have a problem with it. To me it is no different than the Province paying a private company on this side of the river to take an xray of me.

          • Fred Bracken

            And they get sent to ECMC not because they are swamped, but because the person would die trying to get to St Catharines.
            Are you drunk? Stoned? Both? Which is it?
            You can’t even have a baby in Fort Erie as there is no hospital to birth it.
            So when my wife needs to give birth, we have to go to St Catharines?
            That’s wonderful health care.
            You can’t even have a baby born in a town of 30 thousand people. My wife would have to travel 35 minutes down the QEW to have the baby in St Catharines.
            LOL. And that’s good service?

          • Fred Bracken

            Robert Bourassa, the late Quebec premier, flew to the U.S. for cancer treatment.

            Jean Chretien takes his own family to private health clinics. In fact, he doesn’t just use U.S.-style private clinics. He actually goes to private clinics in the U.S.

            And he flies to those U.S. private clinics on Canadian government jets, paid for by Canadian tax dollars.

            According to access-to-information documents obtained by the Canadian Alliance, on Feb. 8, 1999, Chretien and two aides flew from Vancouver to Minnesota, home of the Mayo Clinic. According to air force flight logs, they flew back to Ottawa that afternoon with Chretien’s. And on Dec. 11 of the same year, Chretien went back to the clinic, this time just with his wife and his aide.

            And Chretien even lied about it. He was in Vancouver skiing while he was actually in the USA getting private care.

            When Liberal MP Belinda Stronach (right) needed a mastectomy and breast reconstruction following her breast cancer diagnosis earlier this year, she headed to California.

            A surgeon in Los Angeles offered Stronach, at the time 41, an innovative, single-stage surgery that spared her nipple, an option she said was not available to her in Canada.

            Belinda Stronach, former MP and CEO of Magna International, travelled to California for a mastectomy and reconstructive breast surgery.

            “It was quite different than any other option that I was given in Canada,” she said.

            A surgeon in Los Angeles offered Stronach, at the time 41, an innovative, single-stage surgery that spared her nipple, an option she said was not available to her in Canada.
            I could give you as many examples as you need.
            You are a sheep who uses the very health care system the politicians WILL NOT.
            Socializes medicine has no innovation as there is no profit motive. Why invent anything when there is no money to be made.
            You should be embarrasses about defending a health care system that the Canadian politicians will not even use.
            Stooge. House slave.

          • CityDweller

            Ya so. People can spend money any way they want.

            A MILLION Americans go to Mexico each year for healthcare … why is that??

            Think about, they go to the 3rd world for care.

          • Fred Bracken

            Because it’s cheaper, not because the care is unavailable. See the difference, nutty?
            Are you all there? Seriously?
            Canadian politicians go to the USA because the treatment IS NOT AVAILBLE, that’s the reason.

          • CityDweller

            No, they are going to Mexico because they have been priced out of the US system. They can not afford insurance coverage or their insurance company has cut them off.

            50 million Americans don’t have insurance because they cant afford it.

            Our issues are minuscule in comparison.

          • Fred Bracken

            LOL. And people in Ontario have been priced out of the food, clothing and gas market as they go to Buffalo and Niagara Falls to fill up, buy clothes and get this, even chicken and cheese, and not to mention booze.
            LOL. People in Ontario have been priced out of cheese to the point that SCOTT HERON of the Niagara Regional Police decided he could make money SMUGGLING CHEESE as it is 3 TIMES AS EXPENSIVE IN ONTARIO.
            LOL. And you wonder why Americans go to Mexico to get cheaper health care. Give your head a shake.
            And the USA has 50 million illegal aliens getting free health care, welfare, grants, and other handouts.
            Imagine having the Canadian health care system in the USA. LOL.
            And I don’t see all the illegal aliens coming to Canada. I assume their lives must be better in the USA.
            I hope the Canadians win the World Juniors as you probably will have as stroke if they don’t. LOL.

          • Fred Bracken

            Canada’s health care system us third world as it cannot even provide all procedures necessary to its people.
            I was raised in Canada and thought Canadian health care was the best, until I realized that it cannot even provide every procedure or treatment required to its people.
            The Americans should close the door to any Canadian requiring care and force the provinces to provide for their own citizens.
            How anybody could attack the US health care system is beyond me seeing that it’s the most innovative and technologically advanced system in the entire world?
            And keep buying booze at the LCBO at a 400 percent mark up to keep getting your free health care . LOL.

          • CityDweller

            Canada’s system is 3rd world ??.. hilarious.

            Not even worth arguing with you if you are going to spout such silliness.

          • Fred Bracken

            Canada’s system is nowhere near the American system in the level of innovation and technological advancements. And that’s all that matters as that is what separated the American system from the rest of the world’s.

            And Benjamin Franklin started the first “free health care” system in North America.

            It was called the Pennsylvania State hospital.

            Charity is one thing. The government controlling your health care decisions Is quite another.

            The Americans thought about charitable health care long before any Canadians did.

            “Pensylvania Hospital was founded in 1751 by Dr. Thomas Bond and Benjamin Franklin “to care for the sick-poor and insane who were wandering the streets of Philadelphia.”
            I agree that the insurance companies need to be reigned in, but you cannot compare the American health care system to Canada’s.
            Not when talking about the level of care available.

          • CityDweller

            Canadians live longer, we have lower infant mortality. We deliver care to 100% of the population at nearly half the cost.

            For a normal regular middle class person, in the long run a Canadian gets better care than an American.

            If it is so much better on the other side of the river, put your money where your mouth is and only get your care over there.

          • Fred Bracken

            So person who works for GM in the USA is worse off than a person who works for GM in Canada?
            Am I getting that right?

          • CityDweller

            Yep, no deductibles and no co-pays for service over here. Our GM workers are way ahead financially.

            You understand that just because an American has insurance coverage. it doesn’t mean they are still not paying 100’s or 1000’s each year out of pocket.

            And again … we live longer.

          • Fred Bracken

            Indices DifferenceConsumer Prices in United States are 15.23% lower than in CanadaConsumer Prices Including Rent in United States are 11.30% lower than in CanadaRent Prices in United States are 0.85% lower than in CanadaRestaurant Prices in United States are 16.10% lower than in CanadaGroceries Prices in United States are 16.01% lower than in CanadaLocal Purchasing Power in United States is 28.76% higher than in Canada
            You do pay deductible and copay but do so in the forms of getting raped through higher costs of everything you need to survive, and higher taxes.

            Contrast that to a state like Florida where there I no state income tax.

            If you make middle class money , that alone makes your argument moot.

            Think about a person who drives truck for a living.
            He would spend 30-40 percent more on fuel alone over a year.

            If he spends 100 thousand a year on fuel, that would only be 70 grand in the USA.

            That trucker would have saved 30 grand alone just one fuel if he was in the USA.

            And you say Canadians pay no deductible?

            LOL. You are so used to paying more for everything that you don’t see the deductibles included in every single purchase you make.

          • Fred Bracken

            The people of Angorra live longer than the people of Canada. So do the people of Mancou.
            So what’s you point?
            If you factor in the fact that the USA is TEN TIMES the population of Canada, with TEN TIMES THE GHETTOS and TEN TIMES THE GANGS, you will understand why Canadians might live 2-3 years, on average, longer.
            And the life expectancy is determined by individual lifestyle choices like diet and exercise, not the available access to socialized medicine.
            If that was the case, Canadians would live till they were 100.

          • Fred Bracken

            A trick driver pays 30-40 percent more for fuel than a truck driver in Canada.
            That could easily amount to a 40-50 thousand a year deducatble.
            Over a 30 year career, that easily reaches a million dollars.
            Wow.
            No state income tax in Florida.
            Only 5 percent sales tax in NY state , compared to 13 percent in Ontario.

            On a car worth 40 grand , that is a 3500 increase.
            But people in Ontario have no copays.
            LOL.

          • Fred Bracken

            People in Angora live longer than people in Canada.
            So what’s your point.

          • Fred Bracken

            I figured those stats would shut your pie hole.
            LOL. But eep paying outrageous taxes, personal and GST related, and keep buying your booze at a 400 percent markup to get your so called free health care.
            LMAO.

          • Fred Bracken

            Does being Canadian mean defending the government at all costs, even when your arguments are ridiculous?

          • Fred Bracken

            Although YOU would never subject YOURSELF to this system, here is another case of a women in Ontario who has no choice,

            Mountain-bike enthusiast Suzanne Aucoin had to fight more than her Stage IV colon cancer. Her doctor suggested Erbitux—a proven cancer drug that targets cancer cells exclusively, unlike conventional chemotherapies that more crudely kill all fast-growing cells in the body—and Aucoin went to a clinic to begin treatment. But if Erbitux offered hope, Aucoin’s insurance didn’t: she received one inscrutable form letter after another, rejecting her claim for reimbursement. Yet another example of the callous hand of managed care, depriving someone of needed medical help, right? Guess again. Erbitux is standard treatment, covered by insurance companies—in the United States. Aucoin lives in Ontario, Canada.

            When Aucoin appealed to an official ombudsman, the Ontario government claimed that her treatment was unproven and that she had gone to an unaccredited clinic. But the FDA in the U.S. had approved Erbitux, and her clinic was a cancer center affiliated with a prominent Catholic hospital in Buffalo. This January, the ombudsman ruled in Aucoin’s favor, awarding her the cost of treatment. She represents a dramatic new trend in Canadian health-care advocacy: finding the treatment you need in another country, and then fighting Canadian bureaucrats (and often suing) to get them to pick up the tab.
            Give your head a shake bud.
            I don’t see Americans having to come to Canada for health care.
            LOL. Only a house slave would defend such a system.
            A system run on a budget with very little , if any, innovation.
            LMFAO.

          • CityDweller

            I never claimed our system is perfect.

            It is wayyyy better than the American model.

            Better results on most metrics and 40% cheaper overall. You can’t argue with the over all results so you cherry pick a few anecdotes.

          • Fred Bracken

            The Ontario government makes you take them to court to get treatment they fail to provide due to rationing health care and doing everything on a budget.
            LMFAO.
            Get your lawyer ready house slave.

            LOL.

          • Fred Bracken

            In the end, health care is a personal matter . Because it works for you, doesn’t mean itworks for your neighbor.
            You sound selfish. You sound like a politician will those talking points.
            You judge a system by how well it treats the individual , not the group.
            But youre a socialist who shares government values.
            Try thinking for yourself and next time youre in the USA to buy food, clothing, booze, and cheese, ask yourself why?

          • Fred Bracken

            Jn, read my back and forth with City Dweller and you will understand just how lousy Canadian health care really is.

        • Fred Bracken

          City, you are a career government mooch, you wouldn’t know how to make a penny in the private sector. You’re a welfare case bud. Socialists have no business running any country. You cannot have socialism without a private sector. You can ,however, have a private sector without socialism.
          You are a house slave buddy. Nothing more, nothing less. A real POS.

          • CityDweller

            No, wrong. Private sector my whole life. Same company for almost 2 decades.
            Pay lots of tax.

      • Fred Bracken

        We even have the anti-American bigots like City Dweller here .LOL. Funny seeing communist Canadians give input seeing Canada is a crap hole country full of house slaves.

    • Jimbo

      I agree. Religious fanatics always latch onto doom and gloom because they base their ideology on fear.

      Not all religious people think this way.
      I am not a religious person but I do have certain beliefs. However, my outlook on the world economy is based on nothing more than common sense and a strong understanding of mathematics and history.
      I post on this forum because Michael has an incredible handle on what is going on in the world economy. Sometimes the lists can be a bit overpopulated and the point gets a bit laboured, but on the whole this site is a very good resource.
      When someone is willing to carry out a lot of research and publish it for free every day of the week, I am going to read it.
      I read this blog and many others. I also read the MSM (the more different perspectives you get, the clearer the picture).

      But yes, I agree about the religious hijackers.. I joined CND in the 1980’s and I was chastised for not being a vegan? My argument was that CND (Campaign for Nuclear Disarmament) was anti Nukes and had nothing to do with green living, saving whales, Jesus or not eating animal products. It was supposed to be apolitical but got hijacked by the left.

      Left,right,gay,straight,agnostic or Muslim fanatic. Economics is about none of these. It is about calculators and basic rules of physics.

      • k

        True…misunderstandings arise when people look at things in an ideological way.

        Here some people think along these lines;

        If you are vegan…..people see you as left wing.

        If you advocate buying guns and ammo…people see you as right wing.

        If you say overpopulation is a problem…people see you as left wing.

        If you say overpopulation is a good thing…people see you as right wing.

        If you say something against corporations…people see you as left wing.

        If you say something against the govt….people see you right wing.

        If you say raise taxes….people see you as left wing.

        If you say cut spending …people see …you as right wing.

        If you talk religion…people see you as right wing.

        If you criticise religion..people see you as left wing.

        If you say climate change is happening…people see you as left wing.

        If you say climate change is not happening…people see you right wing.

        Its all ideological, to some of these nut jobs.

        • Gay Veteran

          “right” and “left” (just like Repubicans and Democrats) have become a religion to some people, which is why they refuse to see the facts (like Obama is just as bad, if not worse, than Bush the Stoopid)

          • k

            yes

      • Gay Veteran

        you would like Karl Denninger’s website, market tickler

  • Dave of OK

    My wife keeps asking me what are the blogs i read saying. Well, here is my very feeble attempt at prognostication based on the blogs I read.

    The global market is not a good market to presently invest in.
    Investors have to take big risks to get any kind of decent returns.
    That is the scary part: a lot of investors are throwing caution to the wind and investing in highly risky stocks or bonds.
    Eventually that gets to the point of economic collapse under the weight of the risk.
    Especially in Europe.
    Europe is in miserable shape. 2014 will probably see a major crisis in Europe.
    European banks can cover over the problem only so long. United Europe and the Euro could unravel soon.
    This is good news for the United States. Again, the only standing horse at the glue factory. The only haven in the storm.
    Expect the dollar to do well. U.S. bonds to do well. Gold and silver to continue to go down.
    I think 2014 will be (relatively speaking) a good year for the U.S.
    President Obama has maybe another year that he can continue to juggle and keep all his rotating plates in the air.
    Once “affordable” health care goes into full force in 2015, expect major disruptions to start taking a big chunk out of our economy and combine that with a growing global deflationary depression. We will look at 2015 being the last hurrah for our country for a long time to come.

    Look for 2016 to be a year of revolt for our country — riots in the streets. Maybe even finally see a third party win the presidency and maybe one of the federal houses. However, it will all be a little too late for anyone to come forward and reverse the carnage — probably will make it worse not better.

    It will be interesting to see how close I got to the way it actually turns out. This is all pending that no black flag tips us over into chaos before that.
    I am no prophet, and hoping I am dead wrong!!

    • DiscouragedOne

      Obamacare full force is 2016, AFTER the next Presidential election, there are increases in 2015, but not full force.

  • El Pollo de Oro

    “This is the United States of America. We’re not some banana republic.”—Barack “Goldman Sachs” Obama



    Ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha!!!!!!

Ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha!!!!!!



    A banana republic is exactly what we are, and the “recovery” on Wall Street is all smoke and
    mirrors. 2013 was a hellish year for millions of Americans, and 2014 won’t be any better for The Banana Republic of America.

    • CityDweller

      The massive profits are real. Now will come the massive economic expansion.

      2014 will be a boom year.

      • Gay Veteran

        guess we know who the troll of the day is.
        Unemployment is as bad as when the recession/depression started. Or do you even look at the employment level of the working age population?

        • CityDweller

          Not a troll at all. I have been correct all year on the economy. Because I work in it and I can tell you things are headed in the right direction.

          Employment is always the last thing to bounce back. Happens the same way every recession.

          The reason why it is taking longer this time is because we suffered the worst economic catastrophe of our lifetimes 6 years ago. The GDP in the last Bush quarter was MINUS 6.4%. That is the worst performance in YOUR lifetime. Unless you are like 85 years old. ;-)

          • Gay Veteran

            “…look at the ratio-adjusted employment rate to see whether there has actually been an improvement in the economy from a labor perspective. The truth is that there has not been — since 2009, when the recession allegedly “ended”:…if participation was to simply go back to where it was before the crash in 2008, that is to 62%, there would be 8 million more jobs than there are today. The reason for this is that the working-age population has grown but the rate of employment across that working-age population has not recovered. There has factually been no employment recovery at all — period….

          • jn

            please don’t make your points using numbers and facts, it confuses the obama supporters

          • Jimbo

            If you were correct all year with your economic predictions, then you should be a billionaire by now.
            So what would your average billionaire be doing on a holiday Saturday afternoon?
            Lounging around in the Hamptons? Sunbathing on Necca Island? Sailing a super yacht in the South Seas?
            Apparently not. Some billionaires like nothing better than sitting in a dingy squalid little room trolling forums.

          • CityDweller

            My retirement investments went up with the market.

            I certainly didn’t lose 30%… like crazy right wing gold hoarders did this year.

          • Jimbo

            I bought gold at $220 and I bought some more at $850. I also bought some more at $1250.
            I have just bought some silver at $19.80.
            I am debt free and I own my house and land 100%.
            I work hard for a living to support myself and my family.
            I do not buy PM’s for profit. I am not looking for free money.
            I am just protecting what I have already earned.

          • jn

            ha ha, again, you are so funny

          • Gay Veteran

            LOL

          • jn

            ha, funny one

        • El Pollo de Oro

          Real unemployment rate for the BRA for Nov., according to John Williams/Shadow Stats: 23.2%. And that isn’t counting the millions of working poor who used to be middle class. We’re in trouble.

          • Gay Veteran

            just more reason for the stock market to go up, drawing in the suckers who will be left holding the bag when the banksters leave the market (after being tipped off by the Federal Reserve, of course)

          • El Pollo de Oro

            And because the Fed’s interest rates are so low, countless suckers who weren’t in the stock market before (at least not in a big way) have been convinced to put their savings into the stock market. They’ll be left holding the bag when the banksters, as you say, jump ship. And the bag will be empty.

          • Gay Veteran

            welcome to fascism (the merger of state and corporate power)

  • CityDweller

    Of course the stock market it skyrocketing. Profits are increasing and the economy is going to boom next year.

    Stocks are forward looking.

    • Jimbo

      You are a crazy person.

    • jn

      LMAO. Stocks are QE looking. your post is funny, thanks!

  • CityDweller

    Perfect example of cherry picking data in this article to prove a point that was predetermined.

    ———————-

    U.S. store visits were 21 percent lower than a year earlier and retail sales were 3.1 percentlower than a year earlier.

    ————————–

    So what, that is a direct result of the booming online shopping. Which caught even UPS off guard this season.

    Welcome to the new realities!

    • CityDweller

      Added.

      ———————————-
      For many more signs like this, please see my previous article entitled “37 Reasons Why ‘The Economic Recovery Of 2013′ Is A Giant Lie”.
      ———–

      So the author was 100% wrong, then they spend a day searching the news to find little bits of info just so they can say they were somewhat correct.

      This kind of misleading crap should come with consequences.

    • Jimbo

      Retail sales 3.1% lower is for all retail sales (including online).

  • Mondobeyondo

    There was an attempted bank robbery about a mile (1.6 kilometers) from my house. The suspect was shot and killed by police,.

    Illegal withdrawal gets a lead deposit.

  • Hammerstrike

    OH SHI….

  • firehammer

    Bank holiday.

  • Mondobeyondo

    Ever see a country fall apart before your very eyes? You’re about to.

    • jn

      OK when?

    • Jimbo

      It is happening now. You don’t need special glasses to see it either. A simple pocket calculator and a basic understanding exponential debt v linear tax growth is all that is required.

  • GSOB

    F
    U
    K
    U
    S
    H
    I
    M
    A

    • GSOB

      F = Fuked

      • GSOB

        U = USA

        • GSOB

          K = Kids suffer most

          • GSOB

            U = United we fall

          • GSOB

            S = Sorry

          • GSOB

            H = Hell on earth

          • GSOB

            I = Into the ground we go

          • GSOB

            M = Messiah is needed

          • GSOB

            A = Anarchy

          • jn

            OK, when?

          • GSOB

            You tell me.

          • jn

            may 32nd

          • GSOB

            “In the wake of the continuing nuclear tragedy in Japan, the United States government is still moving quickly to increase the amounts of radiation the population can “safely” absorb by raising the safe zone for exposure to levels designed to protect the government and nuclear industry more than human life.”

  • Philip Arlington

    The U.S. is turning into a normal country, that is all. There will be no sudden disaster. Goldilocks is entering the real world and finding it terribly disorientating.

    All around the world, throughout history, most countries have staggered along, corrupt, and stagnant, for decades and centuries at a time, but they very rarely collapse unless they are invaded.

    If people buy more guns, the only effect will be that more people will get shot. It will do nothing to fix any of America’s problems. Indeed, gun worship is one of America’s problems, even in the good times.

    • Mark Caldwell

      So you believe a militarized police state is okay, but private gun ownership is bad??

      The authoritarians are armed and so, I will be armed as well.

      Every free man has a right to be armed. Your platitudes about peaceful coexistence are naive and ridiculous. The real world is harsh and we will not be disadvantaged by being disarmed.

    • jn

      ^fool

  • Bruce

    We will NOThave a gardual decline all the way to the bottom. At some point we will place the final straw upon the camels back. At some point we will see a sudden crash unlike anything we have ever seen or even imagined before.
    The unending arguement of fast crash versus slow is a moot point. It is BOTH. We ARE in the slow crash stage now. I strongly feel that soon we will be on the wild, nausating ride to the bottom.

    • Jimbo

      What is coming is a leveling of the playing field. The current situation where the USA has 27% of the worlds net worth with just over 5% of the population, has been gained largely through the reserve status of the Dollar.

      With the outsourcing of its manufacturing base to Asia and persistent trade deficits, the USA has become a consumer based, debt driven economy.
      With the decline in use of the Dollar as world reserve, there will be less incentive for other countries to hoard dollars or even accept them in trade.
      A currency crisis with a rapidly spiraling depreciation of the Dollar is the most likely cause of the upcoming crash.
      But yes, we are in a slow motion crash right now and have been for at least 5 years. We are floating slowly headfirst into the windshield and at some point we are going to hit it hard.

  • Selaretus

    The financial presstitute blogs are full of gloating investors chiding those of us who did get in on that ‘25% gain’ of 2013. Won’t they be a bunch of whiners when all that ‘wealth’ vaporizes; just like the crash in the housing market when home buyers ended up underwater on their mortgages whining for a Gov. bail out.

    • dchrist81

      What the bulls don’t mention is that mythical 25% gain is only for those who invested a lump sum at the exact bottom (no dollar cost averaging!).

  • firstgarden

    Study wild edibles.

  • davidmpark

    For 2014, I see more of the same growing. Evil get’s stronger, and the good guys get stronger, too. But, as for specifics I can’t make prophesy – the world is not under my authority.

    I can say some theories for some undetermined future, though.

    I think that the US will finally be shut down, liquidated, and the majority of the population will leave for the old world. This will be the end of the United States. What will come up is warring tribes based on the old clique mentality and confederations; except for the LDS Church, which will be the only organized group left here. That is when Zion, the New Jerusalem will be built on this continent. Whenever there is mention of Zion in the last days in canonized scriptures, the prophets are talking about the Zion to be built on the American continent. See the Holy Bible, Book of Mormon, Doctrine and Covenants, and Pearl of Great Price for details.

    And, I also think my family will get hammered again and again. This whole thing between the Left and Right, Liberal vs Conservative, Progressive vs Libertarian, etc, etc will just punish my family more so. Look what damage and problems Obamacare and Liberals/Progressives had done, or the conservatives locally did to our home production; look at the iniquities of so many and how I and mine have to pay the price for their evils. Iniquities and corruptions will continue. But, this will be but for a short time.

    Obamacare will continue doing damage and the Left will suffer a lot for it, along with many on the Right who allowed it. I expect to see a lot more businesses go under and people paying the piper for their actions. I also see that I’ll have a harder time caring for disabled wife because of it. She had some scares over the holidays, but I got them worked out thanks to the skills the good Lord gave me.

    Things are bad because people want them to be bad. When sanity and repentance take effect, then things will turn around. :)

  • Mondobeyondo

    The dollar is about to die. But most Americans are so addicted to Black Friday (and the other black days of the week) to realize it. They’re addicted. That’s what drugs will do to you I guess.

    • El Pollo de Oro

      “When this thing collapses, you won’t be able to get your money out of the bank. They’re gonna do it like they do in every Third World country. Our forecast is for a
      bank holiday and a formal devaluing of the dollar.”—Gerald Celente

      And that’s the OPTIMISTIC scenario. The not-so-optimistic scenario is that the dollar ceases to exist altogether.

  • GSOB

    “How can we protect ourselves? First, be aware of what items are likely to be highly tainted.

    1.) SEAFOOD: Question the origin of ALL seafood. Fish and crustaceans from the Pacific Ocean should all be considered to be poisoned with radiation.

    2.) WATER: The rainfall and snowfall are all radiated. Do not drink any water that has not been filtered. The tap water that flows from your faucet has NOT been treated to rid it of radioactive particles. A recent report from the NY Times stated, “A rooftop water monitoring program managed by UC Berkeley’s Department of Nuclear Engineering detected substantial spikes in rain-borne iodine-131 during torrential downpours …

    3.) DAIRY PRODUCTS: Milk and milk products from the West Coast states currently have the highest levels of radiation in North America.

    4.) PRODUCE: Leafy Vegetables, Wines, Tomatoes, Strawberries….all produce from California or any other West Coast State are also likely to be tainted.

    5.) MEAT: If a animal eats any leafy vegetable all along the West Coast, that animal has consumed radiation, and is poisoned. This is any animal from cows, pigs, goats, sheep to wild deer and other game.

    If you eat the above foods from areas with high radiation levels, you are eating radiation and feeding it to your children. Slowly the radiation levels within your body will build up. This is PERMANENT.”

  • jonno

    From child raping priests to culture destroying missionaries religion has been nothing but a tool used by governments to control the population. Nowhere has this control been more obvious than in the USA. The bible is an historical document not the word of god. Most of it was written by child raping religious nuts wanting total control. These difficult times are going to be made harder by religious nut cases waiting for the rapture while priests rape your children after church.

  • Mondobeyondo

    If you are new to the Great Depression, here’s a good place to start. Because…We’re headed there. Again.

    http://www.youtube.com/watch?v=aXXsTB4vBEg

  • Quiperdgagne

    Predictions for 2014 : Quiperdgagne out his ” Crystal Ball ” … the Naphtaline … !

    Posted on December 28, 2013

    Greatly helped by his assistant Quiperdgagne embarks some predictions for 2014

    Event Actions
    ◾ the NATO forces withdraw from Afghanistan
    ◾ Increase + + + action Korian becoming the European leader in nursing homes during the first quarter of 2014
    ◾ Increases ” cyber -attack ” , development of encryption, antivirus and malwaresl

    Rating agencies
    ◾ The international ratings agencies actually (or ” multipolar “) emerge

    banks
    ◾ The European interbank confidence slowly improve as evidenced by the Deposit Facility

    Boursematch

    ◾ Progression portfolio qpg Exchange in the top 50, with the following selection:

    ACTIA GROUP ( EX.ACTIELEC TECHNOLOGIES) HOUSE … COMFORT … LDLC COM … LECTRA … MGI Digital Graphic … Natixis … ORCHESTRA PREMAMAN … Plastic Omnium … PRODWARE … SOGECLAIR

    cac 40
    ◾ moderate increase in the CAC 40

    Economy
    ◾ China sees its growth structurally slightly lower , but still the world’s factory .
    ◾ India still does not start really, although the number of patents increases significantly .
    ◾ The South America stagnated .
    ◾ Germany should see surpluses down a bit .
    ◾ We always have this recurring problem debt ceiling in the U.S..
    ◾ use , more and more prevalent on the web, the Darknet and Tor to keep his anonymity

    Energy
    ◾ Lower gas
    ◾ No upward trend in oil
    ◾ The situation Fukushima empire
    ◾ We start talking about the ” Thorium ” as a substitute for uranium

    France
    ◾ Property still broken
    ◾ Real estate transactions do not restart
    ◾ GDP close to zero in France
    ◾ Changing the Prime Minister of Manuel Valls
    ◾ France could actually be our worst problem, because she had commitments to Europe and its partners , promises all loupées .
    ◾ ” sluggish Reprise ” of the French economy in early 2014 , which should be marked by a “quasi- stability” of unemployment in the first half before leaving slightly higher and higher “moderate” business investment .
    ◾ GDP close to zero in France
    ◾ increase the tax burden
    ◾ drop the speed limit
    ◾ No salary increases
    ◾ Declining purchasing power
    ◾ Reduced consumption
    ◾ For Next elections a surge in populist parties (National Front) was observed with sanctions and abstention votes + + +.
    ◾ The UMP is disintegrating because of its internal conflicts .
    ◾ François Hollande beats records of unpopularity .
    ◾ price hike due to the increase in VAT (to try to fill the empty coffers ) and its corollary, increase “Work in Black ” and stagnation of household consumption
    ◾ price increase consultation with a general practitioner ( to fight against alienation for this profession and gently align the price of consultations in Europe)
    ◾ Unemployment, a dramatic toll 2013, 2014 will be worse , with the ban on part-time … The half-time are prohibited. Two million employees , part- time , less than 24h , are concerned. By 1 January 2016 , they will move to full-time or be fired !

    geopolitics
    ◾ Engulfed French interventions in Africa
    ◾ Tension in Eastern countries ….
    ◾ instabilities in the Middle East and the heart of Africa
    ◾ Tensions in Korea (between North Korea and South Korea )
    ◾ Tension between China and Japan
    ◾ Syria, Egypt, Ukraine , Iran , Turkey.
    ◾ The South Africa could see a burst open and Zulu Xhosa for the control of power , mining war.
    ◾ Turkey now seems to apply to the OCS , if she leaves nato, it will be to go, it would be a geopolitically major reversal , the Russian having full access to the Mediterranean
    ◾ Conflicts in Ukraine between pro-Russian and pro- European

    Gold
    ◾ drop gold
    ◾ The gold is then relegated to the rank of ” barbarous relic “, leaving currencies rely on the true riches of modern times: energy generation quantified wealth , etc …

    inflation
    ◾ Continued deflation as evidenced velocity of money always at the lowest and very moderate recovery of raw materials as evidenced by the ICC and the BDI

    The usual lot
    ◾ As typhoons and hurricanes, these climatic phenomena are characteristic of certain regions. This is not a new one. ”
    ◾ Disappearance man or women state
    ◾ Disappearance of personalities making the headlines people

    Currencies ( link)
    ◾ increased uses of new currencies
    ◾ Kuwait, Qatar , Bahrain and Saudi Arabia launched in late December their common currency
    ◾ Note also that five African countries ( Kenya , Uganda , Tanzania, Rwanda and Burundi ) have also agreed on a common currency
    ◾ The wording total international trade in yuan is expected to increase 50 % in 2014
    ◾ Decline Turkish Book
    ◾ Declining Dollar
    ◾ The multiplications Virtual currencies , Bitcoin type causes their depreciation

    Science -> Health
    ◾ Innovation in the medical field . With the eye of extraordinary output as applications here for the performance of a Fund

    Micro ◾ cameras are inserted instead of blind eye and connected to the optic nerve of a vision based
    ◾ Stem cells take an unexpected development for the repair and replacement of diseased organs or parts of organs ( heart , brain … )
    ◾ New vaccines are available against the AIDS virus , malaria but are resent after “usual rumors” about the release of any innovative vaccine
    ◾ A major discovery suggests the treatment and prevention of Alzheimer’s disease, allowing a reduction in health care costs in aging populations
    ◾ This medical innovation can avoid the appearance of amyloid plaques and neurofibrillary tangles , as far drugs used were , at best, any action that in 10 % of cases
    ◾ First organ transplant rejection has strong power because of the development of new anti-rejection medications (pancreas … )
    ◾ Developing with exoskeletons control connections to the spinal cord
    ◾ world hear the new H7N9 virus
    ◾ The chikungunia between the USA by Louisiana via the mosquito Aedes aegypti

    – > Technology
    ◾ CDs holographic film the viewer was in the middle of the action
    ◾ The Chinese go to the conquest of space
    ◾ Development of anti- collision auto and automated highway driving by GPS systems etc. ..
    ◾ The Single European Monitoring Mechanism (SSM) is operational
    ◾ The Internet is increasingly used , at the information that television
    ◾ Google Glass is available to the general public
    ◾ The new World Trade Center is completed
    ◾ The Shanghai Tower is completed
    ◾ The first solar plane circled the world
    ◾ Completion of the expansion project of the Panama Canal
    ◾ Better protection against tooth decay
    ◾ we move chips from 22 to 14 nanometers, thus we approach the limits of ” Moore’s Law ” set for 2020

    ◾ The first products to use memristor technology become available ‘ ( reaching the atomic scale is approached comparable to the human brain artificial intelligence)
    ◾ Smart watches are the latest gadget to have
    ◾ Robotic mules are used by the armed
    ◾ The laser guns are used by Naval
    ◾ First flight of the Orion spacecraft NASA
    ◾ Virgin Galactic begins offering private suborbital spaceflight launch of the Falcon Heavy
    ◾ The MAVEN probe arrives on Mars
    ◾ first mission to Mars India
    ◾ launched the solar sail Sunjammer
    ◾ A comet passes close to Mars
    ◾ The Rosetta probe deploys its lander on the comet 67P/Churyumov-Gerasimenko
    ◾ Most phone calls are made over the Internet now
    ◾ Increased automation in retail environments

    company
    ◾ aging populations in Europe (except in France and England )
    ◾ Rising unemployment due to the more massive robots, drones and robots use ….
    ◾ The rise of drones is impressive .

    USA
    ◾ Higher rate to 10 Years U.S. , who after achieving and exceeding 3% will soon be close to 4%.
    ◾ Loss of control of the world by the United States
    ◾ Resume QE
    ◾ The Fed reversed its earlier decision and increases the QE …. up to $ 100 billion per month
    ◾ The U.S. economy should continue its improvement to a moderate speed cruising.
    ◾ No recession for the United States of America for the next six months .
    ◾ The U.S. GDP is expected to grow between 2.9 % and 3.1 % in the first half of 2014
    ◾ The unemployment rate is expected to fluctuate between 6.8 % and 7.1 %. This will be considered encouraging but not sufficient to reduce the intervention of the Federal Reserve in the bond markets .
    ◾ From the second week of January 2014 , the debate may be heated between Republicans and Democrats about raising U.S. debt and the budget deficit limit.
    ◾ All business media will be focused on these two subjects .
    ◾ And , as usual , the media are sure to dramatize the situation on funds ” Shutdown ” which may extend to more than 30 days .
    ◾ Faced with these “concerns” U.S. equity markets are likely to fall during the first three months of 2014.
    ◾ Beginning in March 2014 , after a temporary agreement was reached , the U.S. stock exchanges are expected to stabilize .
    ◾ The Obamacare is set failure

    This does not happen
    No ◾ World War 3

  • hellbentgerbils

    a tetonic shift towards hell

  • Mike

    So what advice is there for many of us that have matching 401k plans from our jobs.? It’s hard to say no to put money into these plans when your company gives you 4-6% “free money”. Should we take money out of the 401k and incur penalties? Should we stop contributions? Where do you put your money? Do you convert it into liquid assets?

  • Dan the Man

    Wow….news about a possible economic collapse coming from site named economic collapse blog….naw, that ain’t biased at all.

  • Dan the Man

    This story is misleading you. It is outright lies for an agenda. If you Google “graph of 1930s depression stock market”, you will see that the market could not reach 1800 then b/c there was not that many companies or investments in the market. This report is completely misleading. Just more doom & gloom from people who are cheering for the greatest nation on earth to fall. Just haters.

  • Hammerstrike

    2014 = 2007

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