The Beginning Of The End
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The Stock Market In Japan Is COLLAPSING

Stock Market Collapse In JapanDid you see what just happened in Japan?  The stock market of the 3rd largest economy on the planet is imploding.  On Tuesday, the Nikkei fell by more than 610 points.  If that sounds like a lot, that is because it is.  The largest one day stock market decline in U.S. history is only 777 points.  So far, the Dow is only down about 1000 points during this “correction”, but the Nikkei is down more than 2,300 points.  The Nikkei has dropped more than 14 percent since the peak of the market, and many analysts believe that this is only just the beginning.  Those that have been waiting for a full-blown stock market collapse may be about to get their wish.  Japan is absolutely drowning in debt, their central bank is printing money like crazy and the Japanese population is aging rapidly.  As far as economic fundamentals go, there is very little good news as far as Japan is concerned.  So will an Asian financial collapse precede the next great financial crisis in the United States?  That is what some have been predicting, and it starting to look increasingly likely.

What happened to the Nikkei early on Tuesday was absolutely breathtaking.  The following is how Bloomberg described the carnage…

At the end of January 2013, Japanese stocks trailed only Portugal for the biggest rally among developed markets. Now the Nikkei 225 Stock Average is leading declines, slumping 8.5 percent last month and today capping a 14 percent drop from its Dec. 30 peak.

Losses snowballed in Tokyo during a global retreat that has erased $2.9 trillion from equity values worldwide this year amid signs of slower growth in China and stimulus cuts by the U.S. Federal Reserve.

As Bloomberg noted, much of the blame for the financial problems that we are seeing all over the planet right now is being placed on the Federal Reserve.

The Fed created this bubble by pumping trillions of fresh dollars into the global financial system, and now they are bursting this bubble by starting to cut off the flow of easy money.

This is something that I warned would happen when the Fed decided to taper, and now RBS is warning of a “market bloodbath” unless the Federal Reserve immediately stops tapering.

Most Americans simply do not realize that our financial markets no longer resemble a free market system.  Instead, they are highly manipulated and distorted by the central banks, and the trillions of dollars of “hot money” that the Fed has poured into the global financial system has infected virtually every financial market on Earth

On Wall Street they call it “hot money”—that seemingly endless flow of cash that goes to the most profitable country du jour—but in the real economy it’s gone cold.

That hot money has come mostly in the form of a low-yielding U.S. dollar, which investors have borrowed en masse to fund investments in other higher-yielding currencies across the globe. The so-called carry trade has helped fuel an investment bonanza across the world that has boosted risk assets thanks primarily to the U.S. Federal Reserve‘s easy-money policy.

But with the Fed tiptoeing away from what initially was an $85 billion-a-month infusion of liquidity, investors are beginning to prepare themselves for a world of rising rates in which the endless cash flow to emerging market economies begins to ebb, then cease.

We never fixed any of the fundamental problems that caused the last financial crisis.  Instead, the Fed seemed to think that the solution to any problem was just to create more money.

It was an incredibly stupid approach, and now our fundamental problems are worse than ever as Marc Faber recently noted

“Total credit as a percent of the global economy is now 30 percent higher than it was at the start of the economic crisis in 2007, we have had rapidly escalating household debt especially in emerging economies and resource economies like Canada and Australia and we have come to a point where household debt has become burdensome on the system—that is, where an economic slowdown follows.”

So what comes next?

Well, unless the Fed or other central banks intervene, we are probably going to have even more carnage.

At least that is what Dennis Gartman, the editor and publisher of “The Gartman Letter”, told CNBC on Tuesday

“I just think you’re going to have a very severe, very substantive and really quite ugly correction that will probably make a lot of people wail and gnash their teeth before it’s done.”

Other analysts share his pessimism.  According to Doug Short, the vice president of research at Advisor Perspectives, the U.S. stock market “still looks 67% overvalued“.

Most sobering of all is what Richard Russell is saying.  In his 60 years of writing about financial issues, he has never been “so filled with foreboding regarding what lies ahead”

I’d be lying if I said that I wasn’t worried about the way things are going.  Frankly, I’m truly scared for myself, my family and the nation.  I have the sinking feeling that the stock market is on the edge of a crash.  If that happens, investor sentiment will turn quickly bearish.  And the bear market will start feeding on itself.  Ironically, the recent action occurred in the face of almost insane bullishness on the part of the crowd and on the part of investors.

Obviously smart heads and institutional money managers know that the US is semi dead in the water.  And all the talk about an improving economy is just wishes and hopes.  Bernanke’s dream of a flourishing new economy, improving without the need of the Fed’s help, is an idle dream.

I’ve been writing about the stock market for over 60 years and I can’t remember a time when I was so filled with foreboding regarding what lies ahead.  The primary trend of the market, like the tide of the ocean, is irresistible, and waits for no man.  What scares me the most in this current situation is that I see no clear island of safety.

You can read the rest of his very disturbing remarks right here.

U.S. stocks may not totally crash this week, this month or even this year, but without a doubt a day of reckoning is coming.  As a society, our total consumer, business and government debt is now equivalent to approximately 345 percent of GDP.

The only way that the game can continue is to keep pumping up the debt bubble even more.

Once the debt bubble stops expanding, it will start collapsing very rapidly.

Those that foolishly still have lots of money in the stock market better hope that the Federal Reserve decides to intervene in a major way very soon.

Because if they don’t, there is a very good chance that we could indeed have a “market bloodbath” on our hands.

  • James

    We are aging here in the United States as well. The Baby Boomers who didn’t make enough to save are reliant on social security and maybe a part time job for retirement. The average monthly pay from a 401k is $575 for baby boomers, that with the average social security salary being about $15,000 is not much to live off of without any savings. No wonder spending is down and the baby boomers didn’t even have all the student debt that millennials and generation x has. Things are getting bad in this country soon the rich will have to board up their homes to avoid being targeted. It is good this blog exists right now many in the financial press are trying to explain this away but Americans are waking up.

    • Tim

      I believe generations subsequent to the Baby Boom generation will not see any of the money that they’ve paid into Social Security. That includes me.

      I really wish there were a way to opt out of Social Security and get a refund of all of my withholdings. (It’s quite a bit of money.) I am more than willing to assume responsibility for my “golden years.” Just give me back the money that I earned.

      • Mondobeyondo

        “It’s your money! You paid for it!” – George W. Bush, 2004

        Seriously, I also wish there was a way to opt out of the system. The late baby boomers and early Gen X’ers won’t see one thin dime of what we’ve put into the system during our working lives.

        Not quite sure what Grandma and Grandpa are doing in retirement, but if they’re taking cruises on the Queen Mary 2 using their (MY!!) Social Security money…

        • 2Gary2

          typical selfish juvenile libertarian.

          • davidmpark

            Pot. Kettle. Dirty.

          • Malcolm Reynolds

            The one trick pony known only for advocating taking other people’s money at the point of a gun should never tell someone else their selfish or juvenile.
            Just food for thought.

      • blackciti_fo5

        I agree. Im 29 so I know by the time I turn 62, Lord willing, I won’t have any money there. Matter of fact I might not have any money in retirement. Yippie!

        • Nicnak

          Don’t worry we will receive 1$…a chocolate coin.

        • GSOB

          God has commissioned His angels to guide events for the benefit of the elect.

    • Harquebus

      Work hard for years and save all that money only for it to become worthless. Food will be the new currency.

      • ob

        Honestly, that’s just idiotic.

        The world has a surplus of food and will for centuries. Food is cheap. Ever been to a poor country? Most people are overweight in poor countries today. 20 years ago, they were all thin.

        Food production is at the nexus of several technologies from hydroponics, to genetic engineering, to automation, cultivation, etc. The world is not running out of food.

        Now if we run low on ENERGY — that could impact food production. But there are multiple energy producing options that can be pursued to postpone a collapse in energy production for the next century — barring war.

        Now if we have a WAR — all bets are of course OFF. But it’s not just food that will become the new currency — it’s everything.

        • k

          Most people are overweight in developing countries (and not in eastern developing countries but mostly in latam developing countries) because fast food is cheaper than fruits and vegetables in many if them.

          • davidmpark

            True. For some folks, being overweight stems from malnutrition.

          • Max_says

            junk food is low on nutrition, so i guess yeah..

          • k

            junk food is low on nutrition, so i guess yeah..

        • davidmpark

          Food production is highly unstable. Industrialized countries used to have stored up resources in the millions of tons. Today, most food inventories are just that year’s harvest – there is no more surplus. The USDA today still buys up excess food harvests for incineration, for redistribution abroad, and pays for conservation programs to the point that farmers get easy money for plantings buffers and trees instead of food crops. And a good amount is destroyed by the farmer’s associations to keep a standardized high-end product. And since most of these programs and associations get millions in taxpayer dollars, the prices seem low, but we paid the majority of the costs via taxation and allowing destruction of most of it. Food is not cheap anymore.

        • Gay Veteran

          food production depends on oil for fertilizers, pesticides, etc.

          • Malcolm Reynolds

            Sorta begs the question why the left is so anti-oil, huh.

          • Gay Veteran

            care to explain?

          • Malcolm Reynolds

            Ummmm. No. If you don’t understand (sorta like the whole eugenics, abortion, gay thing you didn’t comprehend) I’m not gonna waste the time. I’d rather just keep making you look stupid.

          • Gay Veteran

            gee, we already know you’re pig ignorant on at least 2 of the topics so I guess we should expect you to be pig ignorant on this one as well

          • Malcolm Reynolds

            Umkay. You go with that.
            Is that pig thing your eugenicist tactic of dehumanizing me?

      • Mondobeyondo

        And isn’t that the tragedy of it all? You work hard, pay the bills, save – and in the end, what you save is worthless.

    • 2Gary2

      payback will be bad for the rich.

      • Malcolm Reynolds

        and it’ll be even worse for you cretins once you’ve lynched the people that provide you with jobs.

  • Rodster

    As I told a friend sometime ago. That when the chaos begins it will be swift and sudden and there will be no stopping it and humanity will be put under massive pressure to survive because of the ill effects of central planning. There will be depopulation and it’s sad because it did not have to be this way but there are certain individuals who love Govt more than anything else.

  • K

    I have always suspected it would be a domino effect. Just was never sure which domino would fall first. Not that it matters that much. Once the first domino falls, the rest follow quite quickly.

  • keropi

    If money printing is so helpful, why taper? If there is a downside, why is it not mentioned by the pundits?

    • FirstGarden

      In a grossly simplified analogy, it’s like running your credit cards up to their limits, without the ability to pay them down. Then getting credit line increases and borrowing more and more and more. It keeps folks feeling good, as the nation extends further and further over the cliff.

      The most insidious aspect of all this, perhaps, is the wild free-for-all of investors cashing in, then getting out just in time (hopefully), before the over-speculation and overheated stock market implodes.

      This is all while the big money people have pursued their enterprises overseas, much at the expense of our own economy, not to go into our whole loss of human value and our employment needs at home, i.e. the “jobless recovery.”

      It’s far more complicated, and I’m sure others can explain it better. But the cumulative effect of human greed always, sooner or later, leads to a great disparity of wealth, coupled with a growing entitlement society (more & more folks living off the system – off tax dollars, in one way or another); bureaucracies at all levels turning into self-feeding monsters, until the economic backbone of the nation is broken.

    • k

      Too many dollars in the global financial system devalues the dollar.

      And too much currency in a short period causes too much debt and too much debt causes a debt bubble and a debt bubble if it becomes unsustainable…will cause a debt related crash or will pull it the economic growth into a halt, depending on various factors.

  • Mondobeyondo

    (sung to Eminem’s “Without Me”….)

    Guess what’s back? Back again
    Market crash… tell a friend

  • Bryce Ward

    Poor Japan :( They are my favorite country other than the U.S.

    • Eric Quintero

      They destroyed the Pacific Ocean.

      Sometimes I look forward to 90% depopulation.

      • Kim

        As long as it’s somebody else and their family, right?

        • Keywee

          Ever hear the saying “I’m in the boat, Jack”?

          • Stomp

            At my cousins house we had a monster that lived in his basement. We used to shout its name through the laundry chute…Keywee Keywee!

          • Guest

            Hey man, when those 2 billion hollow points come down range, they’re not going to find me. Thats for sure.

            I will survive.

            Comm is going to go down. After that, its every individual, family or group for themselves.

        • Eric Quintero

          Ive known since I was 9 yrs old that this planet could not sustain 6 billion people.
          Culture has programmed everyone to want everything. We simply dont have enough.
          Im really torn on the Elite’s plan. I agree with it because I dont want to see anymore destruction of the planet.

          We’ve destroyed one ocean so far and we’ve eliminated most of the rain forests on the planet. We’re getting what we deserve; A mass culling is due and I tend to agree with it. The level of stupid on this planet is outrageous.

          I however am not a sheep. I am a conscious human with an ethical mind. Ethics get clouded.

          Save the planet or save the people.

          • Drud

            I understand what you are saying, but that is not the separation. The planet will be fine, no matter what we do. We can only kill ourselves. We have only had a human civilization for several thousand years out of several BILLION. Essentially all the destruction that has been done has occurred in the pass two centuries. We are very foolish creatures and yet, like you, like everyone, I intent to survive if at all possible.

          • GSOB

            As the chief servants of God Almighty,

            angels

            do His will in all things, whether toward His future sons or against the wicked.

            The Bible shows ways God uses angels to carry out His will.

      • jonno

        They are he cruelest nation on earth, what they did to Aussie prisoners on the Burma Railway during WW2 was unbelievable. The women are kind of hot though.

        • KeyweeKeyK

          Wah, wah!! Every nation has commited atrocities. Japan is no more or less cruel than any other country, Aussie included.

        • jaded

          Oh yeah, let’s just forget what we did to the Aboriginals a few hundred years ago, too. No matter what races, human nature will rear its ugly head somewhere.

          • jaded

            race*

      • M miller

        I doubt that you will be one of the 10 %….

        • Eric Quintero

          I dont. I have guns, ammo, food, water, escape routes, maps, tons of military gear.

          My friend and I are also looking at building a NBC underground bunker.

          If this thing holds out two more years, Ill have all the same equipment the Elite have.

          Im also looking at building an Aquaponics system this summer and learning how to grow massive amounts of food.

          • k

            While reducing population is good it should be voluntary…people should not more kids than they can provide for.

          • k

            not have*

  • Tim

    There are three non-POMO days over the next two weeks (11th, 13th & 17th), i.e. no Fed injections of cash into the financial markets at 10:00 a.m. It will be interesting to see what stocks do on those days.

    • MichaelfromTheEconomicCollapse

      Very good point Tim.

      Michael

    • 68Impala

      Since 2005 POMO days are actually up only 55.3% of the time. That’s not much better than a coin toss, and effectively the same as the 54.5% of up closes out of all trading days over the same period.

  • FirstGarden

    The whole world’s on this heroin. It’s gonna be a long rehab…

    • Rodster

      The flipside is, that when you OD on heroin you risk death i.e. Philip Seymour Hoffman.

      • FirstGarden

        Ha Ha Ha!
        Why am I laughing?
        It isn’t even funny.

  • Mondobeyondo

    “I believe a crash is coming, and it may be terrific”
    — Economist Roger Babson, July of 1929

  • Eric Quintero

    Our population is aging also.

    The older generations ruined us. The Social Security Ponzi scheme would never last. Even in good economic times. What the EFF were people thinking? ? ?

    Im only 25 years old. Ive lost respect for most people over 30. We’re living in a nation full of ADULT CHILDREN.

    30 yr olds, 40 yr olds, 50 yr old, 60 yr olds. All the same: Children.

    Divine justice is manifesting. Good luck to the older generations. You’ll get what you deserve. Meanwhile, enjoy the SS that Ill never see. You’re welcome.

    I still have my health, intelligence and vigor. I will survive the 90% cut. I doubt many others will.

    • Sick

      Dear young one, you are only 25 years old and have not paid for long and perhaps not much into the ponzi scheme. You do not have much room to complain as many of us have paid into the system for longer than you have been alive and do not expect to receive anything. SS was not supposed to be a retirement plan but a safety net for those less fortunate. The system was twisted a long time ago and should have been means tested from the beginning but instead even the wealthy have been able to garner a monthly check when they did not need it as they were secure (social security).

      • Rebecca

        Agreed, but we pay enough in taxes to fund the poor. Why should those of us who earned our living and saved for retirement be forced to pay into a retirement system for idiots?

        • davidmpark

          Say that to my wife’s face – I dare you! :(

          Because some of those “idiots” are your fellow human beings. And Social Security was supposed to be for those who couldn’t care for themselves. And if, God forbid, you end up going through the windshield and tumble 100 yards through the Wyoming wilderness; ending up with the abilities of an 11-year-old with epilepsy, balance issues, and a host of other problems… should we treat you as an “idiot” as well?

          Typical heartless Leftist. Always about you.

          • Eric Quintero

            From my understanding this is what SS was for initially…

            Somewhere along the way it become a retirement plan that all of us are forced to pay into.

          • davidmpark

            Absolutely!

            What really steams me is the corruption. A lawyer who knows the loopholes can get with an unethical doctor, and sometimes a corrupt Administrative Judge, to get unhindered people SSDI. People with high blood pressure, faked PTSD, and a host of other easily treatable aliments onto disability rolls for the rest of their natural lives! Places with high poverty also have high use of SSDI and Medicare for folks who just don’t want to leave for a real job.

            We had to fight for 6 years to get my wife’s coverage. Most of these normal people have to wait about 4-6 months at most since their lawyer knows to get it quick. Our judge actually lost his cool during our last hearing when their medical professional sided with us based on the piles of documents from 4 doctors.

            I think there should be an overhaul of the whole system. And that the gov shouldn’t bastardize what disability really is.

          • Karl

            Your understanding is wrong. It was always touted as a retirement plan, check 1935 History, although at first only the primary worker could receive benefits. Later they added on spouses and survivors and then later disablilty benefits for everyone. Not one Boomer had a thing to do with this generational theft when it started. There is plenty of blame for all. And the young generation that complains constantly about the “boomers” has voted in the biggest Marxist asshat that ever walked the face of the earth. When he gets finished destroying the country, the loss of Social Security benefits will seem like chump change.

          • Sandbagger

            And Obama wants to start another one called MyRA!

          • sharonsj

            What makes you think Rebecca is a leftist? Most of the denigration I see of poor people comes from the right: If we’re poor, it’s our fault. If we got sick, it’s our fault. If we were injured, it’s our fault. So we don’t deserve any help.

            Social Security is not only for the elderly, it also covers the disabled and widows and orphans. And who is it trying to privatize SS and give it to Wall Street? The Republicans.

        • chris

          Rebecca, I don’t mind helping the poor or the disabled through taxes. What I don’t like is having my tax dollars being used by the military to kill innocent civilians in the Middle East who have done nothing to deserve such treatment. I don’t like my tax dollars being used to bail out rich corporations and individuals. Your anger should be directed towards your corrupt government. Rebecca, if you ever fall on hard times, do us all a favorite and don’t use any of the programs that are offered to you, since you don’t like helping the less fortunate.

      • Mondobeyondo

        Social Security is a classic Ponzi scheme. Those at the top (born earliest) get the goodies. The closer to the bottom you get – the less you get. Those at the very bottom pay the most into it, and will receive absolutely nothing,

        • Nicnak

          Ponzy scheme works as long there are less old people than young people. Regrettably it s not the case . So it won’t last very long.

    • Mike Smithy

      Your points are well stated. I am 50 years old and fall in the Baby Boomer generation. You are correct in your observation that my generation has done tremendous damage to the economic viability of future generations of Americans. However, I urge you to be intellectually honest as well. Generation X and Y voted for Obama and his Socialist agenda in overwhelming numbers. Your generation is now reaping the whirlwind.

      • Eric Quintero

        My generation voted for Obama based on “Changing” the system.

        I knew Obama was a fraud from the get go. His short rise to power definitely set off red flags for me. I didnt vote; I was in Boot camp. Regardless, I still wouldnt vote, nor will I vote in the future (unless its for Ron Paul )

        Anyway, I know this is a larger problem than any ordinary American can handle. Yet, I still cant help feeling the anger at the supreme raping of my generation.

        I appreciate the honesty in the comments posted above.

        @ CPGone My mom pretty much reiterated that same sentiment. She blames Disney and the “Happily Ever After” for the slow downfall of our society. Everyone is special! Everything works out in the end! You can have a large house and six cars! Live your fantasy!

        The Master Magicians at Disney certainly animated a beautiful dream.

    • cpgone

      Exactly.. We never really had to grow up.Im 53. We were all told we could be the President, Astronaut and Olympian all at the same time, b/c we were “special”. It was all too easy

    • Linda

      @Eric The Social Security that was taken from peoples’ checks since the plan started was supposed to be invested and then the benefits paid out of the fund. Unfortunately our out of control government couldn’t keep their grubby hands off it for all their hair brained schemes. If it was handled properly and had been means tested as the other poster mentioned, it might not have been in such bad shape. Those of us who have paid in for years certainly didn’t do so with the idea that we would be benefiting at the expense of the younger generation. We were always with the understanding that the program was meant to continue but, unfortunately, have no control over it’s misuse. I do agree that you should be able to opt out if you want to, but it’s not fair to blame the older folks. Just an FYI, I am still not eligible to draw benefits.

    • we_have_one_that_can_see

      dear eric; you should be directing your anger at your public officials who have sold your generation down the river,..the older generation did not ruin this country,..the

      TRANS-PACIFIC PARTNERSHIP

      NORTH AMERICAN FREE TRADE AGREEMENT

      and have a dozen other trade agreement that give companies Hugh tax brakes to move their manufacturing off shore; ruined this country,..educate yourself

      • Eric Quintero

        Im just barely eligible for office at this point.

        I started working with a Local PAC so that I may run for office. But it usually takes about 2 years to campaign and I simply don’t think the system is going to hold long enough for me to do anything about it through politics.

        The internet, marketing and spreading ideas is the only way we’re going to be able to change things.

        But I am willing. I am motivated. I am just ashamed at how few authentic political leaders we have.

        Is everyone motivated by money?

        • Rodster

          The system is beyond saving at this point. The red and blue team politicians inadvertently set off and triggered too many trip wires. The system will implode and it’s imploding globally not just in the US.

          Your best hope is to use your ideas after the dust settles.

          • Eric Quintero

            Sounds good. Aquaponics and free food for everyone who is with me. That is my intent.

    • Guest

      We’ll get what we deserve eh? With any luck you might live long enough to join us you arrogant self righteous pri!k!

      • Mark Caldwell

        LOL! This is how Mad Max Beyond Thunderdome started out… I think.

      • Eric Quintero

        Im filled with righteous anger, it is true.

        All Im saying is the generations before mine could have done more. Nothing was done. Politcal complacency set in and America went to the Mall.

        Thanks.

        • blackciti_fo5

          Im 29 years old and I agree with you for the most part but I can’t solely put the blame on the boomers. It seems they may have been “tricked” by the media like we are today. They can make a convincing story.

        • westernwoman.wordpress.com

          I’m 27 (and my husband is 35, but I don’t take your barb against age personally)
          I appreciate your need to vent. A lot of people made the wrong choices. People still make the wrong choices. In fact, I believe people (as a whole) will make progressively WORSE choices until Jesus comes back.
          I don’t think our generation will be any “better” than our forefathers. Individuals can, should, and WILL rise up, doing the right thing. I applaud your passion.
          I suggest, mind your alienation of your core group of voters, who, although wrong in some aspects, are no better than those under 30.

    • Rene Girrard

      I’m 57. It’s true that old saying about having good health. It’s way more important than anything.

    • erheault

      Have you signed up for the Oslamma care yet? It is free don’t you know.

      • Eric Quintero

        Has anyone?? Lol

    • Mondobeyondo

      Yes, we pretty much have children as our leaders. (Isaiah 3: 1-4 is the reason why.)

      I’m 48 and can’t remember the last time we had a real leader in the White House. No, Richard Nixon doesn’t count. I don’t know if FDR knew Social Insecurity would be a Ponzi scheme, but you’d have to be pretty dumb not to know that it is.

    • americalsgt

      Hey Eric. Get a grip and stop hating those of us who paid into this deal for 50 years and are now getting our money back. I never asked for this and had no choice other than prison regarding my paying into social security.If I calculate in the number of years I paid in double as an employer and an employee, I must have put in over a quarter mil. I was forced to pay this money and all I want is my money back. And when you consider that I got a whopping 0.000 % interest on the money I don’t think that’s asking too much. You have the audacity to call me a child. I raised three good boys to adulthood and they are leading productive lives and raising their own children. I worked my entire life and just this month at the age of 67 started a new business. So before you start name calling and saying that everyone over 30 is a child I think you should ponder the insignificance of your own existence on this planet as I did when I was your age.

      • Eric Quintero

        Remind me again when your generation reformed Social Security and changed it from being a Ponzi Scheme.

        Oh wait.

        • Gay Veteran

          Social Security is a minor problem compared to Medicare

          • Malcolm Reynolds

            True story. From what I understand, we could abolish 100% of spending outside of Medicare and that alone would be more than all taxes received.

        • Nicnak

          Not all adult. It s the US citizen who act like children In Europe we call you the big kids…. The Immatures

          Now it s time to pay back for your capitalism.

        • americalsgt

          Piss off Eric. You are the child. Go change your avatar.

        • GSOB

          Eric, you can be the new kakistocrisy leader.

          • Eric Quintero

            Why? Because I’m a firm Constitutionalist?

    • GSOB

      To Eric Quintero

      (The 25 year old child adult)

      The young foolishly think, in their vanity, that their strength will allow them to sail through any problem.

      They are deceived by their own ignorance. Like Moses, they foolishly rush in where angels fear to tread.

      When they come to understand, usually after years of experience, they realize how very little they know.

      Some with regret.

  • Tim

    He has written many articles about the Federal Reserve and why it should be abolished. Nowhere in the article above did he say the Fed needs to “save us.” What he said was that things are likely to get worse unless the Fed and other central banks continue to inflate. But that only delays the day of reckoning.

  • MichaelfromTheEconomicCollapse

    I have reworded the last couple of sentences. Hopefully now it is very clear that I do not consider Fed market manipulation to be a good thing.

    I was trying to make the point that those that still have money in the market better hope for Fed intervention because nothing short of that is going to save them now.

    Michael

  • Wayne

    Are You Telling Us Everything???? Oh Yes We Are Also Out Of Coffee……..AAAAAHHHHHH!!!!!!

    • jonno

      “Surely you don’t mean that.”

      ” Stop calling me Shirley.”

  • chris

    The collapse is right on time. Well, just the other week Obama unveiled Myra. What better way to fleece the sheeple one more time by engineering a market crash, then forcing them to buy worthless T-Bills. Got to keep the Ponzi scam going.

  • midwestprepper

    I recently applied for a job at a local factory-no wonder I never got a call-it is Japanese owned.

  • cpgone

    As long as we can fund the worlds largest killing machine the USD will remain somewhat strong and the Fed will pump the market up again when it falls.
    The sheeple are still to apathetic

    • Eric Quintero

      YUP. We’re dependent on our MASSIVE military to keep the petro-dollar operating.

      • cpgone

        Each year the Feds collect around $3T. Our military uses almost half that (1.25T). and we borrow the rest to fund the govt. Sustainable?

        • Eric Quintero

          “America! Fvck yeah! Coming to save the motherfvcking day, yeah!”

  • cpgone

    “s a society, our total consumer, business and government debt is now equivalent to approximately 345 percent of GDP.”
    Its probably closer to 1000 % of GDP as our real debt is $200 TRILLION, L. Kotlikoff

  • DJohn1

    The problem is that we are all dependent on the stock market increasing in value to live.
    Every one of us are involved in the banking system of this country to one extent or another.
    Pensions are designed to operate with the money they receive in an ever increasing stock market price.
    I think the Social Security System is wrapped up in this mess as well. Though I cannot prove it.
    So what happens when the market collapses? Will the government still pay out on the Social Security System or not?
    The pensions dependent on the market will go broke. This leaves a significant number of people in this country down and bankrupt. Because you have to have enough money from somewhere to pay your bills.
    All ready I see a large number of old people going back to work at just about anything that they can do to make a minimum salary to pay their increasing bills.
    One of the very dark sides of ObamaCare is that old people are covered by Medicare. They do not need the same insurance as young people under the law.
    So all of a sudden old people are a bargain employee over the younger groups of people. More and more I see old people going back to work at minimum wage jobs just to supplement the pensions that no longer meet their needs.
    Japan has a different system of taking care of their old people.
    We have here a social net that is not the same in Japan. So when there market goes south a lot of people are going to get hurt very quickly. I know there is no social net in most of South Korea and I think it might be the same in other countries in that area as well.
    Japan has been a success story in that they have taken advantage of their lower standard of living to build an export business with us that has done much to increase their standards of living.
    Now they are second only to the United States in their salaries and the increase in their currency exchange with the world. I think the increases have ruined them. Now the companies go to other countries where wages are much lower. India and China both have much lower wages and do the same job. So what has gone around now comes around to smack them down.
    The free market system world wide doesn’t work. It depends on there always being someone poorer willing to do the job cheaper than the more prosperous countries and their peoples.
    If we were on a universal currency where it was valued the same world wide it might have a chance. Instead what you have is little bubble economies where everything is cheaper in relationship to what people make. This is caused by countries going bankrupt and the currencies with it. The Korean War is a good example of this happening in the 1960s.
    This of course is unstable and it will result in bubbles bursting in all economies. Even China risks this happening in the next year.

    • Mike Smithy

      I beg to differ. The free market system does work. It is the catalyst for economic prosperity and political freedom. What we have now is a combination of Crony Capitalism merged to Socialism orchestrated by global central planners. This has ultimately led to despair and apathy. The wealth of nations is built upon establishing comparative advantages in the global market place. For example, some nations are wealthy due to vast natural resources, some are wealthy because of geographical or technical advantages. These advantages dissipate and change over time. A successful nation has the ability to improvise, adapt and overcome these challenges. Unfortunately, the U.S. has lost most of their comparative advantages and is quickly headed for the ash heap of history.

    • GSOB

      SS is not the stock market. When it crashes, SS will still pay out.

      • DJohn1

        The problem is the money will not be worth anything after everything crashes. So the Social Security will still pay out. But what you can buy with it will be vanishingly small. The pensions other than Social Security will go bust. Our money is only as good as what it will buy on the open market. If the market goes, the currency will go down in value with it. That means all those imported goods from China will also cost more.
        It means everything will inflate except the money coming in.

  • db

    if I take out of my ‘Myra’ to pay for my obamacare ‘after paying the penelty’ will that be considered taxable income?… that’s just how silly all this crap is.

    • Sonny

      When you get old and try to draw out of your worthless Myra, your will then know what Myra stands for: “My RED A..”!

  • Kenneth

    Of course this will implode. Americans allowed this to happen. My generation became lazy with regard to being vigilant about politics and DC and they also became extremely self absorbed. They passed this self absorption to their kids, by showering them with as many material things as they could purchase…….all because it suddenly became soooooooo important that both adults work full time. It was not necessary, but hey, everyone wanted the big house, the two cars, the boat and camper and the lake cabin…….all by the time they were din their late 30’s. Yup, had to amass all those “things” that were so reassuring that we had made it. We sold out to the money whores that became our gods. We became just like them too. Money, money, toys, more money, more house, more cars, and on ad nauseous. We had to travel the world, again by the time we were 30. Had to have new clothes every stinking year because we simply could not wear the same coat two years in a row.
    I am 60. I did NOT do the above. But I watched all my peers become the same whores they railed against in the 60’s and early 70’s.
    When history looks back upon the 20th century it will show that the self absorbed baby boomers threw it all away. What a generation of pathetic losers we are.

    • Rodster

      It doesn’t matter which generation was responsible for the decline. This decline has been going on for decades. The blame needs to go to central planning and central banking. The results are always the same.

      • orsobubu

        Yes, but central banking/planning – what people commonly indicate as socialism – is scientifically described as state capitalism, because there are again money, market, wage work, banks, etc. But state capitalism is a consequence that free market capitalism got previously in big trouble. So the blame needs to go to CAPITALISM in general. Central planning is – per se – a good thing, and in fact every successful enterprise rely on incredibly sophisticated central planning to work. The key is that capitalism has inherently a series of unavoidable bugs: fall of profit rate, overproduction, unemployment, debt, protectionism, war. Communism instead, the economic production system without money, market, banks and wage work, would work with central planning (world government) and centralized production based on user value rather than exchange value, and with distributed consume and real democratic popular control, because crisis, class struggle and the state itself would automatically cease to exist. Go to study Lenin for the details. But, first of all, gimme your usual down-votes, please. The catastrophic exit will prove I’m not wrong.

        • Mike Smithy

          You are completely incoherent, delusional and apparently off your medications. Do you work at PMSNBC?

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          • Mike Smithy

            The adults here are trying engage in substantive discussions. Why would you think that I give a crap about your uncle mike’s car? Try to focus and stay on topic.

        • Falconflight

          It obvious that you are either very honest DemPerv or a imbecile beyond words. Go study Soviet history…you haven’t the faintest idea…

        • Ernie Douglas

          Please give us all an example where a communist nation, with a strictly communist economy has worked, and don’t use China because while they may be a communist nation,there economy is run on capitalist theory.

    • Eric Quintero

      Thank you for your honesty. My mom says the same thing all the time. She never did any of those things, but sooo many people did. The boomers passed on the “ME” generation and its been expanding since.

      I wish military service was mandatory (just 2 yrs). The feelings of self absorption go away when you have to live and work as a collective.

      • BHill

        What part of ‘NO STANDING ARMIES’ do you not understand?

        The so called ‘greatest generation;’ got us into this mess. They were the WORST Generation-blind sheep.
        Even General Patton came to realize his mistakes, wishing to ReArm Germany and invade Russia.

        Google & Read General Patton on Communism and Jews.

        • Eric Quintero

          Yes, I understand what has come to light about WWII. All modern wars have been internal wars funded and operated by the Royal Bloodlines. The globe is a giant chess board. Its a WWE event. Its staged. Thats why they call it “Being in Theater.” I get it.

          Regardless, the Greatest Generation survived the Great Depression and sacrificed a great deal. In their mind they fought to the death for eachother, for their families and to ensure the continuation of freedom.

          If you dont respect that, I dont know what to tell you.

          • westernwoman.wordpress.com

            who is the royal family? “the queen” to me means the queen of England. I don’t dispute what you say, but I want to hear more.

          • Eric Quintero

            Ill give you a short list of Royals:
            All the US presidents, Hitler, the Royal Family, the Rothschilds, the Chinese Li family, the Rockefellars. And probably anyone at the highest levels of power.

            These bloodlines are at least 2000 years old, and possibly older. They trace their lineage back to the Middle East to what is now Israel.

          • TY

            Quintero, Pearl Harbor/WWII was NOT the first false flag for the US. You need to go back to the Rev. War. Much of what you speak of is in the Bible. The synagogue of satan is real. Remphan, Stur/Saturn Chiun ,Moloch etc. These are things our so called “founding fathers” believed in.

          • westernwoman.wordpress.com

            so who is the queen in question?

          • SuzyQ

            HRH Elizabeth II ….however, it is “The Crown” which really pulls the strings and owns the power. “The Crown” is a 1 mile square district of London, and the Financial capitol of the world. It is a city-state, pays no taxes, and is wholly autonomous. It is one of 3 city-states working in unison to achieve complete control of the whole of the globe. Before you argue and say such a thing is impossible, research it.

          • FreeTravel

            Ahh, you are correct grasshopper. I’m so glad to hear that someone has an understanding of what is really going on in politics and in the economy. If you believe that when you vote you’re actually making a choice between two distinct philosophies, don’t feel bad. That’s exactly what “they” want you to think. And you’re in great company, most people think that. Those Royals are the puppet masters of all that is going on, we only see what we are allowed to see. Anyone that has any ability to think for themselves are railed against with words like conspiracy theorist, and such. Well, you know what? It’s not a theory, it’s fact. The IMF, the Tri-lateral commision, The CFR, The Vatican, The Bilderberg group, Bohemian Grove, The Secretary General of the UN, The City of London and New York and the Bank of International Settlement are the ones that control all World Policy, Yes World Policy, they a just now hammering the last few nails of turning this whole thing into a World Governed Fascist State. If any of you don’t know who or what any of those entities are, or what they do. Then, that in itself explains how ignorant most Americans are to what is happening here. They have trashed the Constitution, and now they can throw any of in prison and throw away the key, just dissapear us, without any due process at all. Just wait till the armored cars come in and they stopped all transportation of all goods. NO more food, unless they say, no more electricity unless they say, no more living where and how you want, no more America the free. A full one percent of Americans are in prison. This economic crisis, is not an accident, it is designed.

          • SuzyQ

            Too, too true.

          • Name

            America America America is all you know and will ever known know this Thera is bigger world than just America. And non of those you mention can control it they can’t control there own destiny let all own the world and it’s humans inhabitants it just human elution

          • Suzy Q

            You have it essentially correct, but time frame’s a bit off: Sumer “popped up” out of nowhere in
            approximately 3500BC, and rose and fell over approximately the next 1500
            years. Where you speak of 10,000 years ago, you are likely referring to
            what we call Atlantis.
            These nutcase psychopaths running the show state lineage back to
            Sumer (not Isreal, which did not exist at that time–the Biblical Abraham was a
            Sumerian from Ur in present day Iraq)….the Rothschilds actually claim a
            descendancy from ancient “God” Nimrod….
            Otherwise, you’ve got it just about exactly right.

          • Mater Motley

            The British Monarchy, are not related to the one’s who were on the throne many years ago…

            House of Wessex, House of Knýtlinga, House of Normandy, House of Blois, House of Anjou, House of Plantagenet, House of Lancaster, House of York, House of Tudor, House of Stuart, House of Hanover, House of Saxe-Coburg-Gothe (House of Windsor)… Because some guy writes a book with extremely tenuous links does not make it reality!

        • Eric Quintero

          You want “No standing Armies” AND you wanted Patton to Invade Russia.

          Which is it?

    • Mondobeyondo

      It’s not totally our (boomers and Gen-Xers) fault. Yes, it is partially. We were supposed to teach the younger generations what we had learned from our parents (the “Greatest Generation”). But we did a lousy job of it. We fragmented and fractured. Some of us became poets. Some, successful businessmen and women. Others drew closer to nature and wanted peace on earth. Others – strung out on pot, heroin and LSD. No wonder the following generations are so confused.

    • k

      How else will corporations make profit every quarter if people dont keep on buying stuff?

      • Donald Wilson

        It’s time for the money changers, banksters and corporations to take a blood bath. It’s time for everyone to come face to face with reality…the end

        Bravo Two Zero out

        • k

          I was being sarcastic.

          • Donald Wilson

            That’s cool…

    • Waiting-for the Godot

      Well Said Kenneth,
      Our generation spoilt the things. But now, how do we correct?
      One of the plans I thought is- Supporting an intelligent but poor kid, on his expenses for all his education- including university.
      What is holding me back is- what if– he ends up as an highly educated jobless youth? It will add to his frustrations. (Better be uneducated- unemployed rather than educated unemployed- who can not do low paying jobs)
      Any ideas please?

      • davidmpark

        Open 50% across-the-board raw material reserves and only allow local companies and residents to mine and farm it all. Export only the unsold surplus.

      • jaxon64

        Sad to say but I believe that mankind has peaked.
        In the years from 1870 to 1970 we saw an explosion in new technologies–transportation advances in cars, planes, satellites and rockets flying to the moon, massive ships like floating cities—advances in medicine, disease control, comforts of life like indoor plumbing, phones, AC and heating in almost all homes– foods transported fresh from around the globe–jets and helicoptors, rockets and submersibles/submarines—just an amazing period of human advancement.
        In the 40+ years since, our current boomers have done little to nothing ( with the computer being the one big exception). Everything else is simply just “advancement” of existing invention–cordless/cellular phones instead of rotary and operators, flat screen TV’s, cable TV instead of antenae, hybrid cars or greater luxury, CD’s instead of albums, DVD’s instead of 8mm films or projectors…it has even been postulated that mankind may no longer even possess the ability to travel to the moon and back successfully…
        Yep, I believe that mankind has peaked–and throw in a massive, burgeoning government with a regulatory body restricting every effort for new industry or invention and there does not appear to be a chance to reverse our stagnation/decline until a grand event or purge occurs—humans appear to deeply need a reset at this point if we are going to move forward again–the longer it takes, the harder it is going to be.

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    • 2Gary2

      as a general rule the boomers are selfish. I am gen x.

      • davidmpark

        Oh, and Gen X isn’t?

      • Lorenze

        wow. gen x seems like concentrated selfishness compared to previous generations.

    • Karl

      Kenneth,
      Don’t place all of the blame on the Boomers. It was the “Greatest Generation” parents of ours that voted in the likes of LBJ with his “Great Society” programs long before any Boomers were old enough to vote. And the “Greatest Generation’s” Parents voted in the socialist programs of FDR. So, you see the crash has been coming for decades……

      • Gay Veteran

        FDR saved capitalism in this country

        • Malcolm Reynolds

          BWAHAHAHAHAHAH!

          Not even close. Not according to his Treasury Sec. Henry Morgenthau Jr, who had a hand in designing the New Deal.

          After 8 years of FDR, he said,
          “We have tried spending money. We are spending more than we have ever spent before and it does not work….After eight years of this administration we have just as much unemployment as when we started…and an enormous debt to boot!.”

          Or were you referring to bank holidays and gold confiscation?
          Or was it the make work programs?

          FDR made the depression into the great depression.

          • Gay Veteran

            FDIC, SEC, Glass-Stegal Act, etc., etc.,etc.
            all corrected the “capitalist” abuses of the 1920s

          • Gay Veteran

            gee, and Hoover did such a great job!

          • Malcolm Reynolds

            God I love that. You get shown for being a moron and you simply deflect like it erases what you said.
            Hoover was a p.r.o.g.r.e.s.s.i.v.e. he was a failure too.
            See: Coolidge. Deeper and faster depression. *poof*

          • Gay Veteran

            oh lordy, yet again anyone even remotely to your left (e.g., Hoover) is a “progressive”.
            conservatism like communism cannot fail it can only be failed

          • Malcolm Reynolds

            LMAO! You say the dumbest stuff.

          • FreeTravel

            Yeah, this is what we’re up against, and this argueing about these sort of around the edges problems, are part of the way the propagandist instill the people with falsities. You’ll just have to wait until you see with your own eyes, how wrong you truly were. And may God help you if you believe some kind of Civil Rights Act, or Affirmative Action is going to come to the rescue and save you when they start rounding up all of the people that don’t go along with their, agenda. When they truly do away with Everything, like Free Speach, Life liberty and the Pursuit of Happiness. There won’t be any pursuit of happiness allowed.

          • Malcolm Reynolds

            ” part of the way the propagandist instill the people with falsities”
            That was my original retort to that guy. FDR did NOT save capitalism, and those are the utter falsities I will argue against every time that clown posts them. you’ll notice, he simply changed the subject when corrected.
            I dont think I’ve seen you around here before, but from your post, I think we ‘re on the same page.

          • Malcolm Reynolds

            You’re so pathetic. You uttered something completely idiotic. I showed you to be a moron. You changed the subject and implied I was claiming something no one was talking about, completely ignored the rebuttal that showed you AGAIN to be a moron, and now you’re just going to ignorance/denial and uttering something meaningless.
            DUDE, YOU SIMPLY CANNOT BE A DECENT LAWYER. YOU CANNOT!

          • Gay Veteran

            the rantings of a small mind

          • Malcolm Reynolds

            That’s precisely what I was thinking. I’m glad you recognize your failing.

    • Douglas M. Green

      Absolutely right! But with credit expansion comes asset price inflation and the need for two incomes. When you add that to generations of living beyond their means, it is a cocktail for disaster. IMO, the biggest story of the next few decades besides America’s decline will be the justifiable anger of our youth, to the point where we can get some serious 3rd party traction. They are the most spoiled generation ever, but will face the reality of having a far lower standard of living than their predecessors. The shock and anger will be unbelievable

  • toadsticker

    I think we are all starting to realize that we work at the pleasure of our government. While we have seen our income go down in recent years public employees keep getting their bump in pay every year and early retirement with generous pensions and lifetime health care. In Flint, MI, where I live, the city employees retire in their 50’s at 80% – 90% of the wages of their last year. My father was an optometrist who retired at 64 and lived off what he had saved and had to pay for his health care. He did better than most, but, as a professional, compare that to public employees who retire in their 50’s, don’t have to save anything and get health care the rest of their lives and then think of all the hard-working everyday people who don’t work for the government. Now, Flint is being run by an emergency financial manager. And if the city asks the employees to give up a little they sue. And Win! Just quit giving the residents the services they are taxed for, raise their taxes and keep paying retirees their pensions and health care. No wonder the cities suck.
    By the way, I was talking to a guy the other day who said his brother worked at the local boys home. He made $91,000 his last year working and his pension is $78,000 a year plus health care. How many would like to make $40,000 a year and work for it? The public employees say they have a contract and the residents have to pay. And the courts agree. The residents have two choices, (1) abandon their property and leave town (2) bend over and take it like a man.
    Why do you think the Mayan Empire vanished? I think the people tried to live by the frivolous rules of the leaders for as long as they could because they wanted to be with their families, friends and the community that they knew as their way of life. However, as their rulers took more and more of their produce, sacrificed their family members and didn’t live by the rules and mysticism they set to guide the general public the people got fed up. And what did the people do? After they wised up they simply turned their backs on the Mayan hierarchy and walked away, group by group and family by family and made a new life for themselves. Now, it isn’t that easy. We live in a country that monitors everything we do and has their boot on our throat. We can’t simply walk away from a small city-state to a life free of our rulers as the Mayan’s did.

    • Rene Girrard

      So why do you stay in Flint, MI?

  • Tatiana Covington

    All just statistical noise.

  • MacFly1

    U.S. currency collapse, on the way. It begins in Japan.

  • Mark Caldwell

    We need to find out more about The Bank For International Settlements and their memos about currency resets.

  • FirstGarden

    No, the FED is not the root of all evil. The LOVE of Money is the root of all evil. They are just a pawn.

    Nor can they save us. They can only delay the inevitable.

    Think of the U.S.S Titanic going down, and all the elites on the lifeboats, heavily laden with gold, or otherwise stashed away in the Cayman and Cook Islands.

  • Daystrom2012

    It’s all leading to this….Revelation 6:5-6 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. 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……which tells me that the blessed hope is even closer.

    Come quickly Lord Jesus.

  • db

    nothing new.after some time it will bounce back and every thing back to normal. not sure what is going on. rich becoming more rich.

    • db

      wtf, I didn’t write that?

  • jack nichols

    We are out, sitting on cash perhaps time for Physical PM’s

  • Priszilla

    If the “value” at stock markets declines, does this mean money will be worth more?

    • Eric Quintero

      Nope.

      Think of it this way: If you buy a $10k car and set it on fire, is that car still worth $10k?

      No, its not. The value of the car is now gone. Same thing with stocks. Even tho they may have been worth $$$ at one point in time, their real value will soon come to light.

      Unfortunately, that light is actually a raging fire. One thats going to burn everything down into a hellish bear market.

      • Arno Krause

        I believe that the real value of any given stock was/is the “par value”. If you buy any given stock for $15.00 per share, this only represents the “market price”. The true price value of that particular stock is the “par value”, which was printed on the stock certificate. This could have read ” PAR VALUE 10 cents” Or” PAR VALUE $1.oo”, or similar. Many stocks of companies now do not even have a par value. Many brokerage houses now do not even transfer and ship stock certificates anymore. The par value represented the original investment of capital-(money), needed to create the company in the first place, eg.”capitalisation 100,000,000″. Stock certificates were printed in enough quantity at 10 cents,or one dollar, or whatever amount to equal the capitalisation needed to be raised to form the company.

      • Priszilla

        But for the same money now you get more stocks?

  • Mondobeyondo

    When things are crashing down all around you, you’ve got to hold your head up.

    Argent “Hold Your Head Up”, 1972

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

    • Mondobeyondo

      When a phenomenon is brewing in your midst, you don’t realize it. Until it
      explodes in front of of your face. That was the case with the Beatles.
      Jimi Hendrix. Nirvana.

      • GSOB

        Isaiah 45:7

        Living Bible (TLB)

        7 I form the light and make the dark. I send good times and bad. I, Jehovah, am he who does these things.

  • Eric Quintero

    “It’s going down, I’m yelling timber
    You better move, you better dance
    Let’s make a night you won’t remember
    I’ll be the one you won’t forget”

    I think Ke$ha is trying to tell us something..

    After all, the elite use pop culture to communicate.

    • chris

      ‘It’s time to Kill the Lights and shut the DJ down,
      Tonight we’re taking over no-ones getting out,
      This place about to blow’

      From Kesha (Blow) Martial Law?

    • Mondobeyondo

      Indeed they do.

  • Dies_Irae

    But the economic news said that Japan stocks are rising and they’re basically doing well..

  • SMASH THECONTROL MACHINE

    FEBRUARY MADE ME SHIVER WITH EVERY ARTICLE MICHAEL DELIVERED. BAD NEWS ON THE DOOR STEP!!!SO BYE BYE AMERICAN PIE

  • Marvin H

    All you need to know is the Tytler Cycle of History (Google it)…. It explains volumes in terms of where we are headed and how we got there.

    • Mondobeyondo

      The past repeats itself.
      Sometimes it takes thousands of years. Sometimes, it’s just a generation.

      What’s gonna happen now? A convergence of 1942, 1968 and who know what else.

      • Eric Quintero

        They’ll just continue playing more Satanic music on the radio.

        The masses will grow angrier and more violent from the Devil’s constant entrancement.

  • pete

    I am now 70 yrs old and have gotten away from the credit system 25 years ago. You have no Idea the penalties, and doors closed, when you pay everything off and pay cash for all you buy. The reserve system creating money out of thin air and the elites stealing our homes, retirements, and enslaving us to debt must be reversed somehow as a “jubilee” year and a new system put into practice with solid values. It can be done because it is entirely a belief system, so we change our belief & our values & it will be much brighter for our future generations. Otherwise we will all die by the billions.

    • Bubba Johnson

      You sound like me. I saved money all my life to live off of my interest income from those savings. The federal reserve ruined that too.

      • Tim

        It’s a crime!

  • Mondobeyondo

    It looks like we are on a one way ride back to the future. Specifically, 1968.

    Oh please no.

    CSN&Y, “Chicago”, July 1968.
    http://www.youtube.com/watch?v=Pswvi3QN_tI

    • Mondobeyondo

      “In a land that’s known for freedom, how can such a thing be fair?”

      Umm… we’ve been down this road before, Absolutely NO desire to go down it again.

  • davidmpark

    Japan had a good run. Sorry to see this happen to ‘em.

    • Joe Shmo

      Sorry to see Fukushima happen to them.

      • davidmpark

        True.

  • usurykills

    Stop blaming various generations of sheep. None of them “did it.”
    The system was flawed (tilted toward the rich) from its beginning in 1913. The Federal Reserve and the Income Tax were both fraudulently enacted by treasonous “leaders.”
    Voting has never worked (thus it is “required” in many dictatorships.) What could five generations of sheep do?
    The FED is based on an earlier flawed system that insists compound interest is moral and correct. What it is really is a death spiral of accumulating debt.
    Until we understand that usury kills, nothing is going to change. There is a flaw in our paradigm.

    • Drud

      You are absolutely correct that this has been going on for many generations and no single person, group or entity is entirely at fault. People are stupid and keep repeating their mistakes. We were warned: “Eternal vigilance is the price of liberty.” We forgot those words. We forgot our vigilance and as a result, slowly and surely we have lost our liberty.

  • 2Gary2

    Capitalism is the problem in America. A culture that emphasizes wealth
    accumulation over everything else is the problem.

    • Malcolm Reynolds

      That thought is even dumber than your redistribute the wealth dribble.

      • 2Gary2

        that capitalism thingy is not workin too well for most people. Yeah we may not have capitalism, however, most people will blame capitalism as the problem.

        • Malcolm Reynolds

          Lol.
          Classic.
          You recognize it’s a figment of your imagination and then immediately blame it again.
          You’re an amusing muppet. Dumber than a bag of hammers, but amusing in a pathetic kind of way.

          The dumb thing is prolly why you fail to recognize the system that’s failing is pretty much indistinguishable from the system you pine for.

          • FirstGarden

            1) Capitalism –

            (politics) a socio-economic system based on private property rights, including the private ownership of resources or capital, with economic decisions made largely through the operation of a market unregulated by the state.

            2) Capitalism –

            (economics) a socio-economic system based on the abstraction of resources into the form of privately owned capital, with economic decisions made largely through the operation of a market unregulated by the state.

            Hypercapitalism –
            Extreme capitalism at the expense of traditional values.

            Good food for thought.

          • Malcolm Reynolds

            Now why doncha allude to your point.
            Are you trying to say the system we have is capitalism? or hypercapitalism?

          • FirstGarden

            I answered this but my comment vanished.

          • Malcolm Reynolds

            It appeared again. I swear disqus really sucks.
            We don’t disagree on very much. I’d call the system we have now more global fascism than anything else. Progressives are highly fascist.

            I disagree that there is any deregulation tho. There is none. They just legislate the actions of business the way they want it to go.

          • FirstGarden

            Hmmm, still can’t see my last comment. I worked hard over it too. :-(

            I am new to Disqus. Occasionally a comment gets held back for approval. I’m not sure why. So I took key words like g u n s and g o v t to see if bots were around. Sure enough, my last comment was held for scrutiny. So, I edited it with key words l i k e t h i s. Then it posted immediately. But, this morning it was gone, and even now invisible to me. Are you saying you can see it now?

            I’m no Montana freedom fighter or homegrown t e r r o r i s t, obviously. But, I can see why disqus would wanna be careful, if in fact it is disqus.

          • Malcolm Reynolds

            I believe that the people writing articles are the ones that do the moderating. I think Michael has confirmed that.
            I think you’re right, he prolly set up some keywords that he wants to approve but I don’t think Disqus moderates.

          • FirstGarden

            I would do the same thing. Not to be repressive though, nor to discourage the free exchange of ideas. Life is for learning. But some people get out of hand, suggesting things that are unwise, or lacking in good sense altogether. And it is wise not to attract undue attention from bots

            scanning for keyword all over the internet. Too much recurrence of the wrong thing and eventually a human will be monitoring, wondering if we are that something we are not.

          • Mark Caldwell

            Authoritarian collectivism built on political malfeasance and crony kleptocratic central banking. Gary knows that what we have is not capitalism but for him to admit that would undermine his arguments for collectivism.

    • g

      capitalism isn’t the problem, cause we haven’t had true capitalism in this country in a long time, greed is the part of the problem

  • PaulC1

    So, what is the alternative to keeping savings in a bank account?

    Also, any recommendations as to which gas/diesel powered generator is best or is there an alternative to maintaining power that I don’t know of?

    • Joe Shmo

      I built a small deep cycle battery recharger that is connected to my bicycle. It sits on a bike trainer frame and spins a delco-remy internally regulated alternator. It produces a small amount of energy compared to powered generators, but I made it for short duration/no fuel available situations. LED lighting consumes very little energy, and I have propane to cook/heat with. Works for me. Oh, and hold gold and silver. Forget the cash, in or out of the bank. Or you could try bitcoin… hahahaha.

  • Nathan

    Where is your MITI now?

  • Drud

    This is always the result of money printing and yet those who print the money always believe that “this time it’s different.” I think everyone understands this on a basic level: sure central bankers have thousands of charts and graphs and equations and formulas that “prove” that quantitive easing (money printing) and ZIRP are helpful programs, but they seem to always forget the most basic law of economics, “There ain’t no such thing as a free lunch.”

  • davidmpark

    They’re welfare junkies, Mal.

    Here’s a question: if they ever had the chance to ransack all the “wealthy” without any police presence or resistance, would they actually do it their own way or would they be too scared of the negative optics and chicken out?

    • Malcolm Reynolds

      The lack of honor and the proclivity towards open revolutionary violence dictates they would do it their way and very publicly.

  • abinico

    Jackarse – what was the percentage drop!

  • Mondobeyondo

    Here’s a better video of the nightmare we’re headed toward… AGAIN. This vid explains the story behind the police riots at the 1968 Democratic National Convention..

    “Chicago” – Crosby, Stills, Nash and Young, 1968.

    http://www.youtube.com/watch?v=fEFsBF1X1ow

  • Nicnak

    Time to get a potager in the back yard, grow lettuce, cut your own wood, produce your own electricity… And you should be OK when civil war will start in the banana Republic of USA and Europe.

    • FirstGarden

      Yum! Where do you live?

  • Gay Veteran

    awwww, the poor wealthy who own an increasing share of everything

    • Malcolm Reynolds

      Econ 101
      Economics isn’t 0 sum. Do you need me to esplain wha’dat means?

      • Gay Veteran

        in today’s AmeriKa it is

        • Malcolm Reynolds

          No. That K is thooper clever too.

          • Gay Veteran

            you should try reading some, start with Karl Denninger

          • Malcolm Reynolds

            Thanks, but I don’t need advice from a dolt that doesn’t believe productivity produces things. My money says you don’t even understand KD.

          • Gay Veteran

            and where did I say that productivity doesn’t produces things?
            but you go ahead and make that c**p up

          • Malcolm Reynolds

            Idiot: “wealthy who own an increasing share of everything”

            Me: “Economics isn’t 0 sum.”

            Idiot: “in today’s AmeriKa it is”
            If economics is a 0 sum game, then productivity produces no new wealth. I’m doubting you’re even a lawyer. Not possible.

          • Gay Veteran

            “wealthy who own an increasing share of everything”

            too bad you can’t deal with the truth.

          • Malcolm Reynolds

            LOL.
            Summary.
            You get shown to be “pig ignorant”, so you confirm what you previously denied and you deflect as an answer.
            Maybe you are a lawyer, You sure as hell have no integrity or brains.

          • Gay Veteran

            “wealthy who own an increasing share of everything”
            you disagree then rebut it

          • Malcolm Reynolds

            OGL, YOU ARE NOT A LAWYER. You simply do not possess the intelligence.

            Climb into your way-back machine Mr Peabody. What the hell has this conversation been about?

            You’re idiotic comment means there’s only X amount of wealth out there and there cannot be more aka, productivity produces no new wealth, which you denied saying.

            Hello? o_0

          • Gay Veteran

            you obviously do NOT read the financial news
            and I do not have the time to teach your ignorant a**

          • Gay Veteran

            try READING
            “wealthy who own an increasing share of everything”
            the “everything” is not static

  • Excelerater

    good…dolphin killers and whale poachers

  • cookielee

    Article one section eight clause five and six.
    All fiat currencies fail.

    • Infidel51

      Oh but we are America so we are immune to the basic laws of economics. We will be the first country in the history of human beings to successfully manage a fiat currency for the rest of time. We are indestructible!!!……. (end sarcasm)

  • Top Gun

    Japan is preparing for the death of 100+ million people due to ongoing radiation levels. Anything else is water over the dam…

  • Free Bases

    The Stock Market In Japan Is COLLAPSING!!! So, has it collapsed yet? Last time I checked, it still exist and trading takes place on a daily basis. You might want to create more accurate titles for your blog entries instead of making up events that don’t occur.

    The Japanese Stock Market has not collapsed. It an other markets around the world are experiencing ups and downs, but no stock market on the planet has collapsed.

    Are you planning on publishing a blog entry titled “The Sky Is Falling?”

  • FloridaN8tive

    There are theories that the recent (2008) financial meltdown was intended.There is also a lot of credible info that supports this theory.The majority of citizens do not realize that the Federal Reserve is a privately owned bank, owned by the Rockefeller family. There is evidence that all of our financial recessions/depressions,going all the way back to the 1920s,have been purposely orchestrated.Our Founding Fathers warned us about giving control of our currency to privately held central banks and even David Rockefeller has been quoted as saying “Give me control of a a nations currency, and it doesn’t matter who makes the laws”.

  • cewing2301

    this is what happens when you allow a tiny village to slaughter thousands of dolphins and whales every year, also they captured the albino white dolphin baby which is known in folk lore that it is a symbol and not ever to be taken from the sea or bad things will happen. japan leaders are allowing a few killers to strip marine life from the oceans to put in aquariums and slaughtering and selling mercury filled meat that is very very toxic to humans AND pets. japan until they change this, will see a downfall, which if the leaders are ok with taking innocent lives from the ocean for entertainment, this is what they deserve. #tweet4taiji #tweet4dolphins #shuttaijidown

  • Nobody

    I’m sorry Michael, but I just saw the data on the Nikkei, that you linked to. The Nikkei took an even bigger hit back in May of 2013.

    However, Yes, I agree that we’ve hit the peak. I’m now short with the ETF, SRTY. Apart from some short-term profit taking, I’ll betting on the short side of the Russell 2000 for the next two years.

  • Andy

    All part of the NWO plan ,to have it fall apart , then come in with the grand plan on how to put it back together , the only thing about that is we will have to give up our freedoms and our firearms , and follow the NWO laws ! Not me , they will just have to fight those of us who do not bend over to them .Be prepared and ready. Keep your powder dry.

  • Estim8z

    GE allowed this to happen. It happened at units 1, 2 and 3. To barrow the term from Gorbachev, this is Japans “turning point”, just as Chernobyl was to the Soviet Union.

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