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This Is For The ‘Nothing Is Happening’ Crowd…

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Wake Up - Public DomainA lot of people out there expected something to happen in September that did not ultimately happen.  There were all kinds of wild theories floating around, and many of them had no basis in reality whatsoever.  But without a doubt, some very important things did happen in September.  As I warned about ahead of time, we are witnessing the most significant global financial meltdown since the end of 2008.  All of the largest stock markets in the world are crashing simultaneously, and so far the amount of wealth that has been wiped out worldwide is in excess of 5 trillion dollars.  In addition to stocks, junk bonds are also crashing, and Bank of America says that it is a “slow moving trainwreck that seems to be accelerating“.  Thanks to the commodity price crash, many of the largest commodity traders on the planet are now imploding.  I wrote about the death spiral that has gripped Glencore yesterday.  On Tuesday, the stock price of the largest commodity trader in Asia, the Noble Group, plummeted like a rock and commodity trading giant Trafigura appears to be in worse shape than either Glencore or the Noble Group.  The total collapse of any of them could easily be a bigger event than the implosion of Lehman Brothers in 2008.  So I honestly do not understand the “nothing is happening” crowd.  It takes ignorance on an almost unbelievable level to try to claim that “nothing is happening” in the financial world right now.

Within the last 60 days, we have seen some things happen that we have never seen before.

For example, did you know that we witnessed the greatest intraday stock market crash in U.S. history on August 24th?

During that day, the Dow Jones Industrial Average plunged from a high of 16,459.75 to a low of 15,370.33 before rebounding substantially. That intraday point swing of 1,089 points was the largest in all of U.S. history.

Overall, the Dow has down 588.40 points that day.  When you combine that decline with the 530.94 point plunge from the previous Friday, you get a total drop of 1119.34 points over two consecutive trading days.  Never before in history had the Dow fallen by more than 500 points on two trading days in a row.  If that entire decline had fallen within one trading day, it would have been the largest stock market crash in U.S. history by a very wide margin, and everyone would be running around saying that author Jonathan Cahn was right again.

But because this massive decline fell over two consecutive trading days that somehow makes him wrong?

Are you kidding me?

Come on people – let’s use some common sense here.  We are already witnessing the greatest global stock market decline in seven years, and after a brief lull things are starting to accelerate once again.  Last night, stocks in Hong Kong were down 629 points and stocks in Japan were down 714 points.  In the U.S., the Nasdaq has had a string of down days recently, and the “death cross” that has just formed has many investors extremely concerned

The Nasdaq composite spooked investors on Monday after forming a death cross, a trading pattern that shows a decline in short-term momentum and is often a precursor to future losses.

A death cross occurs when the short-term moving average of a security or an index pierces below the long-term trend, in this case the 50-day moving average breaking through the 200-day moving average.

In the past month, similar chart patterns formed in the S&P 500, Dow and small-cap Russell 2000, but the Nasdaq avoided a death cross formation until Monday.

What we witnessed in September was not “the end” of anything.

Instead, it is just the beginning.

And if you listen carefully, some of the biggest names on Wall Street are issuing some very ominous warnings about what is coming.  For instance, just consider what Carl Icahn is saying

Danger ahead—that’s the warning from Carl Icahn in a video coming Tuesday.

The activist says low rates caused bubbles in art, real estate and high-yield bonds—with potentially dramatic consequences.

“It’s like giving somebody medicine and this medicine is being given and given and given and we don’t know what’s going to happen – you don’t know how bad it’s going to be. We do know when we did it a few years ago it caused a catastrophe, it caused ’08. Where do you draw the line?”

Even people like Jim Cramer are starting to freak out.  He recently told his audience that “we have a first-class bear market going”

Jim Cramer, the ex-hedge fund manager and host of CNBC’s show “Mad Money,” has been vocal recently on air, saying repeatedly that he doesn’t like the market now, and last week said “we have a first-class bear market going.” Similarly, Gary Kaltbaum, president of Kaltbaum Capital Management, has been sending out notes to clients and this newspaper for weeks, saying the poor price action of the stock market and many hard-hit sectors, such as energy and the recently clobbered biotech sector, has all the earmarks of a bear market. Over the weekend, Kaltbaum said: “We remain in a worldwide bear market for stocks.”

As I have warned repeatedly, there will continue to be ups and downs.  The stock market is not going to fall every day.  In fact, on some days stocks will absolutely soar.

But without a doubt, we have entered the period of time that I have warned about for so long.  The global financial system is now beginning to unravel, and any piece of major bad news will likely accelerate things.

For instance, the total collapse of Deutsche Bank, Petrobras, Glencore, the Noble Group, Trafigura or any of a number of other major financial institutions that I am currently watching could create mass panic on the global financial stage.

In addition, an unexpected natural disaster that hits a financially important major city or a massive terror attack in the western world are other examples of things that could accelerate this process.

Our world is becoming increasingly unstable, and we all need to learn to expect the unexpected.

The period of relative peace and security that we all have been enjoying for so long is ending, and now chaos is going to reign for a time.

So get prepared while you still can, because there is very little time remaining to do so…

  • Enrique R. DéZuardí

    The Crash BS has been ringing since 2009..

    • Jazz

      I agree. It doesn’t look like anything is happening. It is nothing but a normal, healthy correction. Heck we went years without a correction so this is just a part of investing. The key is to not be scared out of stocks and hold them long term. Who cares if they go down 10%. If you liked the company 10% higher, why not buy it “on sale”. The sky is not falling. The US economy is solid and GDP just was revised up.

      • Malcolm Reynolds

        The US economy is solid and GDP just was revised up

        Too funny. You must be one of the ‘nothing has changed for me crowd’. Heavy on the low info (and no doubt low income) side and wouldn’t recognize a collapse unless Immortan Joe tried to turn him into a blood bag.

        For your next trick, you’ll no doubt parrot some garbage like ‘Obama has presided over the largest expansion of employment in history’ or some such garbage.

        Good luck with that.

        • Jazz

          Lol. Wrong again. I make a substantial income and have a LOT in the markets. We have a strong economy compared to the rest of the world. Yes the GDP numbers aren’t everything but they give us a good read on our production. We have low unemployment and a very accommodative Fed willing to do what it takes to keep this economy afloat.

          Once Europe and Japan and others start breaking down where is that money going to go? If you understand capital flows you realize it will come flocking back to the U.S. We are the safe haven of the world and why our dollar, stocks, and bonds have held up so well while the rest of the world tanks. We are the strong. We will survive and prosper!

          • Malcolm Reynolds

            “I make a substantial income and have a LOT in the markets. ”

            Then I’m right again. Ridiculously low info and dumb enough to have a lot of money in a precipitating market.

            “We have a strong economy compared to the rest of the world”

            MMM, no we don’t. Our currency is doing better because everyone would rather have a dollar in their hand than something else. There’s that low info again.

            “We have low unemployment”
            3 strikes you’re out. You don’t know what you’re talking about.

          • Jazz

            Lol. I didn’t say WHAT SIDE of the market I’m on or what I’m investing in.

            You just proved my point: “Our currency is doing better because everyone would rather have a dollar in their hand than something else.”
            Why do you think the dollar is strong, our stocks are holding up and people and countries are still buying our bonds? You clearly don’t understand how capital flows. lol

            We do have low employment on the official numbers. Yes, I’m aware of shadow stats but relatively speaking compared to Greece & other parts of Europe, Canada, Mexico, etc. We are in much better shape as our economy is mostly driven by the consumer. Wages are rising, consumers are still confident, and still purchasing goods. Our economy is still expanding compared to our economies showing contraction. You obviously don’t understand economics either. There is this thing called supply and then this thing called demand. Oh wait/// never mind it will go over your head. Lol

          • Jazz

            ^^^ should have read “other economies showing contraction” not “our economies…”

          • HM

            I’m curious, Jazz. Please tell me
            1) Do you think the unemployment numbers are undoctored and that failing to count about 10 million long term unemployed is legitimate?
            2) Do you think 7 years of zero interest rates are normal, and retirees and their pension funds earning virtually nothing is fair and sustainable?
            3) Do you think there are substantial buyers of government debt other than central banks and their agents?

            A sophisticated person such as yourself may find trading opportunities in this market, but can you claim this economy is normal and sustainable. It sure looks like its falling apart to me.

          • Jazz

            To answer your questions. The employment numbers are most certainly doctored and don’t account for the true employment picture. The manufactured numbers look good but if we include those who have given up looking for work, those who are now “disabled” and those who are underemployed, it would put the unemployment numbers off the charts.

            The Fed has artificially inflated the economy and markets with zero interest and trillions of QE and created massive bubbles. Bubbles can last a lot longer than what we have seen so far. The worst part of this situation will be the sovereign bond crisis which will spark a massive loss of confidence in gov. That capital has to flow somewhere & I expect it to go into the US markets – equities & dollars.

            I do not expect there to be substantial buyers of government debt and we will most likely see a major shift in Europe & Japan. I admit the US economy is like a house of cards and there are two economies – one for the wealthy and affluent and one for those who are neither. The economy for the rich is good and my views are somewhat jaded as I fall in that category.

            The problem with an irrational economy and market are that they can stay irrational longer than you can stay solvent. That’s why you must be nimble to survive and prosper. I don’t see a collapse coming to the US economy for at least a few years.

            Eventually the US will lose its power & life will change but the rest of the world is in far worse shape. Now that could change quickly if a currency reset took place or a major hit on the global financial system. In other words without a black swan event I don’t see an imminent collapse or crisis.

          • Gay Veteran

            and a bubble can pop with no warning

          • Da_Neutral_Observer

            This is a good analysis, jazz. You can’t rule out that “black swan event,” though. Especially when powerful countries like Russia and China are leading the campaign to effect just that.

          • Malcolm Reynolds

          • Malcolm Reynolds

            I didn’t say WHAT SIDE of the market I’m on or what I’m investing in.

            Lol you don’t seem to be educated enough to be anything but long…

            our stocks are holding up and people and countries are still buying our bonds?You clearly don’t understand how capital flows. lol

            There you go again, laughing at me from your own low info. So much for knowing what QE has done.

            but relatively speaking …
            Wages are rising …
            consumers are still confident…

            “Our economy is still expanding compared to our economies showing contraction.” Ummmm, whatever the hell that means.

            Yep, you’re long. Sorry Charlie, but the imbeciles that parrot the garbage YOU just said, are long. Cash out and buy a clue buffoon.

          • Jazz

            You have no clue on how to invest with quality stocks and using put options and inverse ETFs to hedge during corrections. Oh well. Go take an investment course or two or ten and get back to me when you have a clue.

          • Malcolm Reynolds

            Nice try, but you’ve already indicated that wouldn’t be your strategy given the unicorn economy you seem to believe in.

          • Jazz

            I have said numerous times I believe the US markets are going through a correction. I expect a bottom soon. I own both stocks and hedging positions. In fact I have owned put options on some of the major indices as a hedge since the beginning of Aug. Does that mean I’m not buying stocks? No! Does that mean I’m a bear? No! I’m still bullish on stocks but saw we were coming into a seasonally bad period for the markets so I bought insurance in the event of a market drop. It paid off quite well.

            During these lows I have found great bargains and expect US companies who have limited foreign exposure and low debt will do quite well in the months and years ahead.

            So as the markets trend back up I’m prepared to unwind my hedges and if things do get ugly I can always add to my short positions. Staying flexible is key but I still see Dow 30-35k by 2017.

          • Jose Bernal

            Only as long as the US dollar remains the world’s reserve currency. There are governments and very powerful interests with deep pockets that are now working to undermine that and change it in order to replace the dollar with their own currency. When that haoppens, there will be absolutely nothing you will be able to do with your money tied up in US Treasury Bills and Money Market Funds based on US currency.

          • Gay Veteran

            “…We have low unemployment….”

            just ignore all the unemployed.

            yep, you’re a government paid troll

          • Malcolm Reynolds

            Dude said that and then replied to HM:

            “The employment numbers are most certainly doctored and don’t account for the true employment picture”

            Lol. Dude doesn’t know if he’s coming or going.

          • Gay Veteran

            troll Jazz = fwalker15

      • Jose Bernal

        Papered over economies are mirages of prosperity during periods of economic chaos and acute profligicy.

    • Jose Bernal

      Enrique, you live in a time warp of your own mind. If the economy has not affected you or any member of your immediate family, then you are the exception to the rule, because in 2008 the nation, and the world has followed suit, has been in collapse.

  • Mondobeyondo

    Just goes to show that predicting the future down to a specific date, is tricky business. Many have tried and failed.

    A lot of people were extremely worried about September 23rd. Well, September 23rd came and went, and there was no asteroid strike, no major earthquakes, no volcanic eruptions, and CERN did not blow up the planet. Doesn’t mean that the forementioned events are NOT going to happen on a future date, though.

    • Carl

      What is your point? Anything can happen in the future. As you know change is the only certainty anyone has in life.

    • Q

      Yeah, that´s is one major reason don´t believe in biblical infallibility.

      God can put down specific dates and names, humans does not.

  • xgrassboy999

    You have to admit we are a funny species. Jeremy Rifkin suggest that we are going to great lengths to worry about Global Warming and ignoring this financial mess. Weird.

    • James

      You realize that global warming could cause much more damage than the economy crashing because depressions are able to be fixed vs
      Flordia and Bangledesh Underwater
      Africa becomes unarable
      Water resources in Europe become strained
      Forest Fires become ever more frequent
      The lack of cold temperatures in the air causes lots of insects to eat forests alive and the lack of cold temperatures in water cause wildlife dieoffs
      etc

      • CASTIEL

        global warming is the least of our problems…..it will be good for my location a nice and warm winter

        • lmarkievich

          The least of our problems yep. Screw those future generations!

          • Jazz

            lol. If you believe that global warming is man made or real, I have some ocean front property in Ohio to sell you.

          • CASTIEL

            future generations? they will be more stupid than current ones……if everybody cares about the clime why at least in europe almost all cars have a stupid diesel engine? when a big war breaks out you think i m going to bother about the global warming?

          • Malcolm Reynolds

            Yea please don’t screw those future generations on bullshyte alarmism but please ignore the 18 trillion in debt that is 100% guaranteed to enslave those generations.

        • James

          If you live in a costal area, warm winters will be the small upsides to constant flooding.
          If you like warm winters, hopefully you do not like tropical foods that require weather patterns distriburbed by climate cycles

          • CASTIEL

            i live in the coutryside……i think the winters are more cold than usual….last year i catch -15 ….and my car dont like that….i had to catch the damn bus….Really mate i dont see any warming in the temperature but the otherwise

      • Jazz

        Global warming is a hoax. The climate goes through hot and cold periods and NONE of it is man made. Yes man pollutes but he has not changed the entire globe’s weather. Lol.

        • CASTIEL

          the dinossaurs died because they created a lot of methane from their dejects….they were the kings of polution….oh i remenber now an asteroid payed them a visit :) sincerely i agree with you i think earth have cicles…..and i didnt see 30 degress in winter but -10 so i dont know were is the global warming

      • Malcolm Reynolds

        global warming could cause much more damage
        And the ice caps could be melted by 2015 too but…. back here outside the church of the climaphate, that nonsense doesn’t compare to the actual financial troubles we’re in.

        • James

          Yes flordia underwater is much less of a disaster than a correction in the stock market that not even day traders are worried about?

          • Malcolm Reynolds

            Of course, Florida isn’t under water so….
            Day traders aren’t worried about the markets? Those must be the day traders that don’t do so well because there are numerous billionaires out there warning people about the markets. Oh well, you can only lead a horse to water.

        • VigilanteCaregiver

          Climaphate!!! Best name for it!

      • xgrassboy999

        How can we cut down 70 % of the rain forest and not expect something to happen.

        • James

          Yes, I agree

    • Jazz

      Global warming doesn’t exist. weird. The earth goes through hot and cold ages.

  • Alwaystomorrow

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

    Published 6/25/2015.

    93 days until 12/31/2015.

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

    ——————————————————————————

    By Michael S, on July 31st, 2015.

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

    • CASTIEL

      its like when the tripulation of titanic sees the iceberg and they say : look that supid iceberg….. lets do a coutdown and see what happens….when they crash…..they say: nothing will happen..we have a big boat that was just a stupid iceberg….lets play violin and do a coutdown and see what happens :)

      • Alwaystomorrow

        There is a little difference. Icebergs and ships are what they are and can not be changed when on a collision course.

        Currencies, interest rates, laws. etc. etc can be manipulated and changed to attain an altered outcome postponing consequences.

        • CASTIEL

          can be manipulated at a certain point……in this world every action have a consequence ….we cannot run from that…even if we manipulate a action to have a certain consequence…that same consequence will create other consequence…..something that we didnt expect or believe that would happen

          • Alwaystomorrow

            I agree 100%.

          • alan

            Some creative accounting, a little printing and some late night phone calls will patch just about anything up. The music must not stop!

          • VigilanteCaregiver

            Try reading Hawking and Dawkins without the reefer. Still won’t make any sense but worth a try.

        • Malcolm Reynolds

          So ships don’t have rudders in your world?

          • Urdumb

            You’re an idiot. Do everyone a favour and turn the internet off. Get some in, might do you some good. Absolute moron.

          • Malcolm Reynolds

            Oh, well golly gee beav. Color me browbeaten. Thanks for chiming in with your eloquence.

          • John Byde

            Your reason and logic have floored him! Congratulations on not going ad hominem!

          • VigilanteCaregiver

            They need to vote on whether rudders exist first.

        • Jose Bernal

          So what? Have you never read Psalm 2? How God laughs at the conspiracies of men and nations? So what if these elites rig the markets and the banks, and devalue the currency on purpose, the Lord is God, and Jesus the Messiah is Lord. God works all things toggether for His redemptive purposes in Christ. Lest we forget, this is what all of this is about. Remedial judgmenst to lead men to repentance through the preaching of the Gospel of Jesus the Messiah of Israel.

      • Karie Nolte

        Lol!

      • Green tip

        Lol, that was pretty funny.

      • VigilanteCaregiver

        Doing the work American trolls won’t do, I see.

    • Malcolm Reynolds

      How would you know though? You’ve already indicated you aren’t educated enough about basic economics to know what a collapse even looks like.

      • Alwaystomorrow

        Mr. Reynolds, I rely heavily on the wisdom you share in your postings with us mere mortals. That is how I would know.

        Thank you. 😉

        • Malcolm Reynolds

          Well, since you mock the guy actually trying to educate you, I’m gonna call bull squeeze on that…

          • Green tip

            He’s not mocking Michael he’s simply making the point that to tie down the collapse of the American economy and thus the world economy to a specific date is a fools errand. Like I said old always isn’t a dummy, you just need to know how to read between the lines.

          • Alwaystomorrow

            It is amazing how you and a few others get it yet others are clueless.

            I think Mr. Reynolds might be clueless on more than just the meaning of the countdown.

          • greyprepper

            Agreed.

          • Malcolm Reynolds

            He’s not mocking Michael he’s simply making the point

            on.every.stinking.story which is…. mocking. Dude is a buffoon either way. Doesn’t know what a collapse even is so thanks anyway.

          • http://biblewordstudy.org Adam in Christ

            He also does it because he knows he’ll get a reaction. If he didn’t get the same kind of attention every time, it wouldn’t be as fun for him.

            Also, his account’s been banned here once already, apparently.

          • Alls well

            Hey bro, do you know what thread AX2ROOT is on ?

          • VigilanteCaregiver

            Try going to Disqus’s homepage: you can do a search from there.

          • Alls well

            Thanks

          • http://biblewordstudy.org Adam in Christ

            I don’t, unfortunately. But another good idea might be to Google his name and narrow your search to the past week.

            (it’d also be great if Disqus allowed private accounts to share their profiles with followers).

          • Alwaystomorrow

            Many times I have a difficult time expressing my thoughts through writing. I am just not very good at it.

            I see you too have the same difficulty. 😉

    • Jose Bernal

      And so what? Isaiah the prophet prophesied of the coming of the Messiah and it took 500 years for it to happen. Daniel the prophet prophesied of the exact first coming of the Messiah and it took 490 years for it to come to pass. So, ECONOMIC BLOG has issued its red alert for six months. Unless you’ve been living in a parallel universe, the economies of the five major industrial nations have been in a state of collapse sine the stock market peaked earlier this year. Where have you been all this time, sipping the Critics’ Kolaide?

      • Jin

        Actually it never happened. But you go ahead and think what you want.

        • Jose Bernal

          Yes, you would like to believe that, wouldn’t you? You can try to convince yourself that all of those Goyim worshipping Ha Shem with Yeshudim throughout the world in the name of Jesus, which by the way in Hebr34ew is Yeshua, which means G-d saves, was never before seen until the coming the Messiah, who brought the knowledge of the G-d of Israel to the nations, and the light of the Hebrew Scriptures to every nations and tongue under heaven. Now Rabbinical Judaism and Roman Catholicism have mucked it up, but G-d is still Sovereign and He has fulfilled His promises to His people and to the nations and has yet to do even more. Between the rabbis and the Roman priests, Messiah has been obscured to His people and cut off and has had nothing with His own community, just as Daniel prophesied. His name is not spoken in Judaism & at the dinner table of a Jewish home. He has been cut off from His own people for two thousand years.

        • Sliders

          We can help you slide back to your own reality if you want.

      • alan

        Economic collapses happen all the time and will continue to happen. Its really no big deal, however it does suck to live through one. Remember Rome is still there.

    • ali

      Cant figure out as to why people get offended by your countdown. Certainly not sure as to why they think that you are mocking Michael. Are You??

      I think that some of us for one reason or the other, overbought the doom and gloom theory and have bought surplus canned food and water and God knows what else. Now the mere Idea that the collapse though imminent may not be this year or the next actually offends them as even canned food has expiry date. :)

    • Horiboyable .

      I am going to start a countdown until Alwaystomorrow has to issue an apology and eat his myopic words.

      • Alwaystomorrow

        Start today andwe can synchronize our countdowns.

      • VigilanteCaregiver

        Do it; even just for the laughs!

  • Alwaystomorrow

    Do not mistake my countdown as saying that “Nothing is happening”

    I just believe that for a long time to come that every bad thing that happens will be counteracted by some short term intervention that will postpone consequences for quite a long while.

    Eventually Mike will be correct on some of his thoughts.

    • James

      I agree with it.
      If you say each year that there will be an economic collapse, one year you will be right.
      Luckily, I have made money from investing in AAPL and GILD with 8% returns in a week after learning about Snyder’s hyperventilating.

    • Malcolm Reynolds

      “I just believe that for a long time to come that every bad thing that happens it will be counteracted by some short term intervention that will postpone consequences for quite a long while.”

      And there you have it people. Proof that the resident agitator doesn’t even know what a collapse is.

      Nah, there’s nothing to see when The Fed and the Govt are massively manipulating the markets and the economy to keep it afloat.

      QE to infinity, Nahhh.
      Currency devaluations, Nahhh.
      Legislation about bail-ins, Nahhhh.
      Fraud in PM pricing (you know, actual money)

      LMAO!
      There’s NO COLLAPSE here people!

      • Alwaystomorrow

        “LMAO” ……Hay wait a minute….Are you fwalker15? 😉

        • Malcolm Reynolds

          You think I’m someone else because I wrote LMAO? Lol. Good grief, if that’s how you put two and two together, then no wonder you’re yammering about no collapse. Good grief, you’ll be hooked up as the blood bag before you even suspect anything is going on.

          • Alwaystomorrow

            “Good grief”…..Hay wait a minute….Are you AKA Charlie Brown? 😉

          • Malcolm Reynolds

            “Hay” 2 times….
            Aren’t you that illiterate kid serving me french fries.

          • DW

            BAWHAHAHAHA!!

        • fwalker15

          No he’s another person who immediately recognized your foolishness.

          • Alwaystomorrow

            Guilty as charged.

            Thinking highly of you was foolishness.

            I have since corrected that.

      • VigilanteCaregiver

        I missed you Mal. Welcome back!

  • Carl

    When you use inflammatory words like imploding, etc and nothing really happens, of course people are going to be upset.

    To even say the Cahn was right is just about as far reaching into the gray area of possibilities.

    Things happen every day. Some good, some bad. But none of this points to the sky is falling scenario you like to predict. Which as of today 9/26/15 has not come to fruition and more than likely never will.

    To say we need to expect the unexpected means nothing. As in life you can never predict what will happen.

    Honestly, to not even admit you were wrong is a bit disheartening.

    • lmarkievich

      I couldn’t have said it better myself. I was a die hard believer but just can’t understand why they can’t admit they were slightly wrong and that it’s a good thing we have more time to prepare. Implode is such a strong word! You are totally right. Id hate to see people who follow this blog worry more than they have to, that just saddens me. Scaring people is not the way.

    • CASTIEL

      Things happens every day but the difference is the importance of things….do you think that the global crisis is something normal? you can keep your eyes close my friend and think in a world full of rainbows….but we are in a colision course living the consequences of our actions…..and we are just in the begining far away from the end……do you know that expression that evil prevails when good men do nothing? we are living that……what result you expect?

  • CASTIEL

    Mankind= stupid sheeps + arrogant+ naive+ greed + corruption = market crash + stupid politicians + greed = ww3 + stupid politicians + nukes = well i think all of you know the result of this…..its just a question of time….maybe 2 years 2 months…nobody knows….michael cannot predict the correct date but just give the facts that are happening, if people like to keep their eyes close its their choice.

    • VigilanteCaregiver

      Your medication: time to take it.

      • CASTIEL

        are you a doctor? respect the opinion of others if you do not agree why you do not apresent arguments???….you just give me reason you are in the long list of stupid people…..to finalize go to zoo and get raped by a gorila…i think you will like it

        • Green tip

          BURN on Vigilante !!!

          • VigilanteCaregiver

            Thanks! Like your comments too!

        • VigilanteCaregiver

          How uncivilized…

          Mike, time to add some new phrases to the filter.

          • CASTIEL

            no arguments i see…. to respond my first post….you are just trolling

          • VigilanteCaregiver

            When you have an argument that is in proper English, then I will. Can’t understand half it.

          • CASTIEL

            if you cant understand half it……… why you responded in first place?YOU ARE A IDIOT….did you understand that?

          • VigilanteCaregiver

            Yes. Finally.

            Now, what was that about a gorilla?

          • CASTIEL

            LOL…I told you to get sexual relations with a gorilla in the zoo…sorry for my bad english :)

  • Pete

    “A lot of people out there expected something to happen in September that did not ultimately happen. There were all kinds of wild theories floating around, and many of them had no basis in reality whatsoever.”

    That included you, Mr. Shemitah.

    • CASTIEL

      its like the winter could arrive sooner or later but always arrives….look at the situation between russia and Usa in Syria and in the balcans….what do you see there? the millions of refuges going to europe where 1/3 of this people are radicals ready to war in europe?this crisis that only generates wars and hunger and despair? its not a question of dates but a question of result of these situations

    • ProclaimingGodsTruth

      Don’t fret Mr Pete, things will happen so many will see and hear. The Bible is 100% accurate in Prophecy.

      • InsaneSanity

        The problem is that in your arrogance, you believe that YOUR interpretation of such prophecy is correct. You dispensationalists have a 100% track record of being wrong.

        • ProclaimingGodsTruth

          I suggest then that you read the Bible and find out for yourself what is truth and what is error.

    • fwalker15

      You got that right. Either that or it was intentional …..

    • Meranda Devan

      Previous shemitahs, judgement fell on the weeks AFTER, it was only the last two shemitahs where judgement fell on the last day. Keep that in mind.

  • JT

    Lots of amateurs on here today. Oh well, they can go to the slaughter, but I won’t be following.
    Keep up the excellent work Michael.

    • Ace Dragon

      professional. i see you have a vain attitued. let me know where you live and i give you an ajustment!

    • Donald Wilson

      The slow drifting into the abyss will continue for months if not years. The total and complete collapse will not occur unless there is some type of trigger event, such as riots, war or another terrorist event on US soil. Until then it’s business as usual.

  • ProclaimingGodsTruth

    Excellent article Michael. Your eyes and ears are open to what the Lord is saying to us through signs and seasons. Keep the faith amidst the mockers and scoffers that comment here – they will find out the Truth soon enough.

    • Ace Dragon

      the truth?? if you don’t have jesus in your heart ,your done for!!

  • K

    Michael just remember. The more trolls there are. The closer to the truth you must be.

    • ProclaimingGodsTruth

      And scoffers!

      • Q

        Cowardly, bigoted scoffers.

    • Syrin

      These d’bags are paid by our gov’t to spread disinformation and inflammatory comments. Call them out for what they are. Paid traitors.

      • SunnyFlaSnotress

        “A lot of people out there expected something to happen in September that did not ultimately happen”
        Well, Michael went on and on with his Panic Button etc, and now he’s trying to paint his way out of just being wrong about it.
        Michael was WRONG about widespread summer rioting. Michael was WRONG about the Greek Deal. Michael was WRONG about a September stock market crash.

        Would someone remind me of any predictions Michael made that were actually right?

        • PastProdigal

          Well, no one can accuse you of actually paying attention to the facts, that’s for certain.

          • SunnyFlaSnotress

            Diverting from my simple honest question doesn’t make you clever.

        • Red C. Pedestrian

          Good point. There will be an economic collapse but when this will happen and when we get a global currency is anyone’s guess!
          If Michael really knew he’d upload one post and be done with it.

        • rosemary

          Please tell me too!!!

    • Ha!

      That many people disagree with you does not automatically mean that you are right, just right more often than you are wrong. -)

    • CASTIEL

      The little badgers dont like the truth…they like the blindness

      • hellonurse

        And keeping people blind. In Chicago where I live, the newspaper keep reporting about the sports teams, and the city is having a financial crisis of its own, with the teachers’ strike and everything. Say,…I’ve seen a lot of stores who are selling at big discounts, like 50%, or 70%. Does that mean something or is it just a side matter?

        • CASTIEL

          The sports and Tvs are the opium of the people…..70 % of discounts they dont obtain profit its just to keep their doors open but its a question of time before they close the store and more people goes to unemployment….its a vicious cycle that will result in severe results….but no one put a stop or make solutions…..they just wait for a miracle

  • Jazz

    Dow futures up again! Another good day for the markets manana. :)

  • Dow 25K in 2016.

    America is the greatest place to invest. It also has the most hardworking people. Number of hours worked per year statistics bear this out. I will not be betting against America or the American people anytime soon. I am very optimistic about the future of America. We have great colleges, a vibrant energy sector (renewable and non-renewable sources of energy), and the reserve currency. Unless a catastrophic natural disaster or deadly pandemic strikes I do not see America’s economy collapsing anytime soon.

    • JT

      I might have said the same thing 30 years ago. The complete opposite is true now.

      • alan

        Yep at least 30 years ago. The advantage of being old. I like to look back at how things were and look at today and say WTF has happened.

    • Jazz

      Right on the money! Couldn’t have said it any better. Bravo for your astute observation. Thank you for sharing.

    • fwalker15

      You’re delusional

      • Alwaystomorrow

        Your ignorant. Prove my point by responding.

        • fwalker15

          You’re not your.

          • Alwaystomorrow

            I thought you were smarter than that. You’re to easy.

        • greyprepper

          Yup, he’s an idiot. I was onto him the second he showed up.
          Btw, I’m glad you decided to stick around with the countdown! I got yo back. 😀

    • jsmith

      Funny, that was the prevalent opinion in September 1929, and we know what happened then.

      • alan

        They didn’t have a plunge protection team and high speed Internet.

    • Q

      Percentage-wise, the producers are outnumbered, outvoted by the looters and moochers.

  • http://karmaeconomics.blogspot.com/ lavista4u

    Micheal…The reason people are not feeling anything is because less than 1% of Americans have any investment in Financial Markets.

    Americans are already being left out of the Trillion Dollar games that Elites Plays. What has 5 Trillion Dollars Wiped Out Of Market has ever got to do with an Average American?

    We are a 100-1000 Dollar Range crowd. The I DON”T FEEL ANYTHING crowd do have a point. Its the same like – I never felt a million dollar in my bank thingy.

    These are the games of Elites. We will only feel when Troops are on the ground in America. I say that’s fair assessment.

    • Jazz

      So less than 1% of Americans own stocks, mutual funds, ETFs, etc? Where is all that retirement money (IRAs, 401ks, roths, etc) going? To Mars? Which seems to be the planet you come from.

      • fwalker15

        Looks like my 1873 call on sp500 missed it printed 1872 keep us posted on your fresh all time highs by December ROFL. Sp500 to 1400s watch and learn ROFL

        • Alwaystomorrow

          I have watched and learned. Your predictions are as accurate as Michael’s.

          I find Mike more interesting though.

        • Jazz

          Notice we bounced once again off those lows? The support held up very well the last two days despite Icahn’s doom and gloom warning and all the other noise. We might go a little lower and retest 1820 again in Oct. However, we should see a good rally starting tomorrow and through the end of the week. We may get stuck in a side bound range again over the next month or so but I still see new highs by Dec.

      • Rick

        Two things, first, what is supposedly going into these accounts are dollars, not money. There’s a difference, you can look it up. Money has some type of tangible value. Dollars have paper (inflated at that). And beyond that, you’re only getting a little electronic digit with your account number showing on the same page. Which brings me to my second point. Watch the Bix Weir interview where he talks about all of the unregistered financial transactions. Depending on what’s been recorded and cleared at the end of the cycling, high chances are the assets you think you own have in actuality not been properly assigned and registered to your account. Might Ben orth checking into.

    • xgrassboy999

      Yea Gads! have you never heard of a 401 K.

    • Rick

      Great points. You said it better than I tried to above.

    • Quetzol-43

      I felt the 2008 crash before it happened, couldn´t help but notice how food prices were rising fast.

      How was and will the new crisis be different from the one in 2008?

    • AzDi

      I would like to also state, that some of the people, as you say not in the market, I am retired and have annuity which is loosing also, but not as much. However, no one seems to talk about groceries!!

      The Feds say there is no inflation, but look at everything you buy especially food. There is inflation in just the fact that we now have “smaller” sizes for the same price and higher costs for beef, eggs, etc. I purchased an over the counter antibiotic that used to be 1oz, but when I opened the box which was the same size as before, it was only .5 oz.

      But, as so many have been saying…. nothing is the truth out there. This government and big business lie all the time. So, if you are not looking for the truth, you are in idiot.

      • LWZRGHT

        Yes, there is manipulation going on there. And the floor came out from under oil prices. Gasoline didn’t drop as much as those oil prices would suggest, and basic necessities certainly didn’t drop in tandem with lower fuel prices.
        I’m sure you already know that food and gas prices aren’t counted for the Fed’s inflation purposes. They think those are too “volatile” to count, even though inflation of those things is all that really matters to the average person. Just be a sheep, c’mon; let them shepherd you.

        • AzDi

          Yes, I realize for some reason the Feds can’t tell the truth about anything, and so food, etc is never spoken about.

          They think we are “stupid” and don’t pay attention. Well, this election….. people are finally paying attention hopefully. May be too late though.

  • Dan

    I appreciate your websites Michael, thank you.

  • Preacher62

    “The period of relative peace and security that we all have been enjoying for so long” need never end. God works ALL things together for the good of those that love God and are called according to his purposes. If your peace and security comes from the creator of all that is, then there is no power on earth that can take that away from you. Seek first the kingdom of God and HIS righteousness and whatever you need will be given to you. God Bless.

  • Getaclue

    A wise man will prepare for the worst, and hope for the best. Remember previous generations always canned food, wasted nothing, built and maintained their mechanical equipment, hunted, fished, sewed their own clothes…it was normal behavior to live prepared and be independent. Bad times always come, why not be ready for them.

    • Jazz

      Great points. The key is to be prepared with spare food and water, cash and precious metals because a crisis or natural disaster could strike at any time. It is best to do this out of preparation and not to be wasteful or do things out of fear. All my preparations are done with the mindset that when I prepare I only buy items that I can still use down the road whether a disaster or crisis comes along. My faith comes in the Lord.

  • Preacher62

    Yes, SOMETHING is happening. All of humanity is rushing headlong toward God’s judgment and all of humanity is deciding on a daily basis which side of that judgment they will fall upon based upon their life decisions and upon whom they choose to serve and worship. Everything that is of this world is not of God, and all that is not of God shall pass away but those who Love the Lord will live forever. Seek him now, while he may be found. God Bless.

  • fwalker15

    Looks like your fearless leader is capitulating and working on admitting his errors. Maybe a quick check of financial industry definitions may put things into perspective. A “Pull Back” which is quite common (generally twice per year) is defined as a five (5%) decline. The dreaded 1,000+ point move may be closer to six (6%) percent – hardly an earth shattering super natural end of civilization event. A correction, defined as ten (10%) percent decline is not as common generally once per year however this recent correction was the most overdue and most forecasted correction in history- again obviously civilizations survived. As for individual companies and the microeconomics spin a quick review of history will likely show that more than half more like more than ninety (90%) of companies ultimately vanish as well they should as buggy whip manufacturers and Pokémon marketers etc and even the Eastman Kodaks lucent technologies and Westinghouse’s Long tempko voits LTV steel etc become legacy entities as well that type process remains healthy. Although tomorrow’s end of 3rd qtr window dressing and October 1 fresh monthly inflows on Thursday may provide a spike higher to sp500 1948 range none of this is magic or unexpected just normal price discovery process after a protracted period of easy money policy abating and the Chairwoman of the frb actually provided multiple prudent warnings at much higher levels regarding overvaluations and complacency levels. Regardless the next leg down likely begins in October – no supernatural hocus pocus voodoo just simple economic and market cycles regardless of the color of the moon. If things are so disastrous then why as stocks correct do government treasury bonds and the u.s.dollar rise? Sp500 now sits about 1900 cya at sp500 1400s by q2 2016.

    • Alwaystomorrow

      All that knowledge and no one to share it with except for us. I am humbled.

    • Jazz

      We might see a little more of a correction for US stocks and if/when we do that money will flow to gov bonds. However when the Soverign debt crisis unfolds that money will flow back into US equities. It looks like we just re-tested the August lows and the markets passed with flying colors. Higher highs ahead!

      • fwalker15

        Too funny for words. Roflmaoooo

        • Gay Veteran

          fwalker15 = Jazz

    • Jazz

      Oh by the way I thought “window dressing” was going to sink the markets. Now it’s going to make them rise. I see both sides of your mouth are stil working 😉

      • fwalker15

        You may want to go back and re-read my previous comments; then you’ll realize how foolish your new comment is (along with all your others.) You seriously have absolutely no idea how capital markets function and doubtful you still have any concept of what window dressing means. Nonetheless thanks for the laughs and looking forward to many more as your djia to fresh all time highs by December again proves you ridiculously clueless. :)

  • Rascally Rabid

    Just remember, Michael, YOU said it was going to come unhinged in September, IT HASN’T. Shemitah and bloody supermoons etc., still managing to hold together. Your last couple of articles have certainlke you wanted to put these supposed disasters behind you as well as your incorrect predictions. Here’s a broom and there’s the rug, start sweeping.
    Now you say 5 T wiped out, well here it what is being said this evening on Zerohedge… 18 T since the end of June.

  • Pac MAN

    did you steal your information from Martin Armstrong?

  • John Atkins

    I feel a lot of sympathy for all the doomers and gloomers for they did not get the collapse that they so desired.

    • jox

      You joined in July, as so many other ‘nothing is happening people’.

  • John Atkins

    Good things and bad things have always happened on this planet. In 200 years people will be saying the same stuff about how god wants to punish them for being bad. They will be saying the same stuff in a thousand years and in ten thousand years and a hundred thousand years and so on and so forth.

  • Steve Hansen

    The Nothing is happening crowd might just not be invested in the stock marked? And might even not have any 401k..! Probably a lot of people who read this blog that don’t even live in the US…

    For all those people, nothing did actually happend. They could probably not care less if the stock marked did go to zero..! For them nothing is happening before they loose their job and can’t get a new one.

    For me I had a great month in September, business has been very good, best month so far this year.

    If I did not pay attention to the World Economy, I would probably be in the “nothing is happening-crowd” myself since I’m not invested in the stock marked.

    For the most part I do agree with the Author of this blog, but I do understand people who says “nothing is happening”! If you don’t play their game in the Casino and have other interesting things to do, nothing did happend!

    • TheScott

      I’m in the “nothing major is happening” crowd. My IVV stock (S&P 500 index etf) went from +5% last year to -4% this year. No big deal, this is normal for a correction. My energy-related trades hurt a little more, down 20-25% because I timed them wrong, but I knew the risks. I’m still not panicking about a world-wide collapse. What do we expect after a 180% run up the last 6 years?

      • Steve Hansen

        You’re right, what do we expect after a 180% run up the last 6 years? Continue with another 180% run up maybe! LOL

        So far this is just a correction, not a very big one either in my opinion, but I think this might just be a “warm up” for the down turn that probably are in our close future.

        We have a long way down just to get a Financial collapse similar to 2007 – 2008, and the collapse people are waiting for is something 10 time worse..! A long way down, but as we know, it can go very fast…

        But so far so good. Enjoy your day!

    • fwalker15

      Darn heretics

  • alan

    This collapse has been going on for 7 years now and just keeps going. We are in a paper based system and as long as everyone agrees to accept everyone else’s paper its all fine, paper is easy to create. It will come to an end, but I just don’t see it real soon. There still is an awful lot to be looted yet.
    Stores are full of food. No bankers have moved overseas. No forward operating bases opened in major cities. No military movements to suggest anything. Politicians are not trying to reform or fix anything. No running power brown outs. Gas is cheap, taxes still somewhat low. Government offices are still open. No labor strikes or protests. No major war on the horizon, maybe Ukraine but doubt it. Maybe its just one big poker face!
    I don’t think it will be a catastrophic event, more like Rome.

    • ali

      Agreed. As long as the govt can print paper and as long as that paper can buy us food and clothes, I don’t see that the civilization as we know it will end any time soon.

      • jox

        Because all the paper based systems have collapsed eventually, and suddenly.

        • fwalker15

          Remind the of when the British Empire collapsed and England vanished and the entire civilization perished (except for those with the vitamins and canned foods and bottles of water and if course the how to survive the supernatural collapse books and DVDs)

  • Hussanatu

    It’s too easy to be complacent, as if ignoring the problem will make it go away. I wish it were that easy. I sat beneath the stars for a long while watching the last Blood Moon and marveling at how lucky I am to be where I am today, at this point in history. God has a purpose for each and everyone of us, and it’s no accident we are here. Dark days are coming, but we walk in his marvelous light!

  • Craig

    With all the talk of collapse I keep remembering
    something.

    Back in the beginning of the housing bubble crash in 2008 it
    was said that if the banks were not bailed out the whole system would collapse
    and there would be marshal law, so they passed the bail outs. Then, after the bail outs, it was said that
    this was only a band aid and we were just “kicking the can down the road.”

    What can? The total
    system collapse and marshal law. Without
    QE and low interest rates this would have already happened (according to what
    they said about the can being kicked down the road). So, it seems that were are still in for a
    world of hurt. It’s just that they have been able to keep things going for
    now.

    What about the massive immigration from South America to the
    US and from the Middle East into Europe?
    This has been going on for years and has picked up pace in the last year
    or so. What about the fact that the US
    continues to ship jobs overseas while importing foreign works to take jobs here
    in the US (h1b visa)? What about the
    student loan bubble? What about auto
    makers having to offer 7 year loans to buy cars that we used to only need 4 or
    5 year loans for (showing that we have no money)? What about most of the governments in the
    Middle East disintegrating? What about
    Iran working on getting a nuke? What
    about the supremacy of the US dollar being challenged as the world’s reserve
    currency? Etc.

    The idea that things are going to continue as normal seems
    rather naïve. Exact time frames will be hard
    to predict (to many moving parts), but that things are going to change and do so
    drastically seems to me a pretty safe bet.

    • Coffeedrinker

      With the valid points you are making above, you are every so closely touching on the next big collapse bubble extension: war.

      War (serious war) breaking out, psychologically, will not be seen by the masses as part of the collapse. Instead, people will put aside all the points you make above and rally behind our Commander and Chief.

      Meanwhile, the economic erosion will continue but the faulty leadership will have time (before the end of the big war) to set into motion so called reforms:

      * student loan forgiveness programs
      * amnesty for illegal immigrants
      * oil for peace with Iran
      * H1B visa quote reform favoring local labor
      * advance automobile technology adoption by consumers in exchange for government subsided cash back for first time technology adopters.

      *….

      And so the collapse bubble will continue to inflate but will not pop.

      • Craig

        Very interesting point. I’ve heard talk about war being used to cover up/cover over economic mismanagement.

        I also can’t help but to sense a bit of planning here. I think they want the economic situation to slide us into war so they can help bring in a system more global in scope (i.e. one world government).

        We will have to wait and see.

  • Heinrich van Rooi

    Michael’s articles are top class, and the everything is setting up in slow motion time.. Oh by the way it is very clear by his findings that he is more longer term of what will happen, Not on a week to week or month to month basis based on his analysis. Michael as well as the other analysts’ comments here needs to take to heart because a market meltdown is just around…

  • pissedlizard كافر ‏

    Personally, I think the “nothing is happening crowd” is a reflection of our mainstream media as well as NPR. If the media outlets make nothing of it and it’s not constant headlines as in 2008, then there is nothing to worry about. Make no mistake, if Obama was not in office, and even if it were a democrat, what you wrote would be breaking news, again, as it was in 2008.

    Even bright people that I work with, would rather believe what they are told versus what they actually see.

    Just my opinion.

    • TheScott

      Sorta wrong. Mainstream media continues to sensationalize EVERYTHING for the sake of making headlines and getting viewers. Even networks like CNBC spew fear-mongering headlines about doom and start talking about “crashes” whenever there’s a 1% drop in the market. The “nothing is happening” crowd are people who watch the big picture of the markets and see huge 180% gains in the past 6 years, see the current 10-15% correction and we say THIS IS HEALTHY. This is normal. This is good. Nothing can go straight up forever.

      • Orac4Prez

        Sorry , but I think your both wrong. The media, especially the Murdoch press is NOT there to inform you. Its to shape public opinion….. Especially in the shape of Ruperts’s opinions.

      • Green tip

        I hope your right bro.

  • Nick Tubber

    Sorry, nothing (significant) is happening. Shemitah is gone and Bluemoon is gone. Nothing goes down straight line yes, but nothing goes up straight line either. This is just a slowdown or correction. Even if the DOW goes down to 12000 or 13000 level, I still say it ain’t a collapse that we all have been preparing for. Please do not mislead.

    • jox

      I wonder why people that don’t believe on the economic collapse keeps coming to this blog. So I entered to your profile. You joined on July 2015, and since have posted 27 articles that can be easily resumed: ‘nothing is happening’.
      Obviously this is not a normal behavior. You have a political interest, or more probably, you are getting paid for your ‘work’ on blogs like this. The other blog you go frequently is ‘The daily reckoning’. Curious isn’t it?
      You made the mista to leave your profile open. Learn from your colleagues, that allways keep it private.

      • Nick Tubber

        So this blog is for cheerleaders only? Since you went off the topic,

        “…have posted 27 articles…The other blog you go frequently is ‘The daily reckoning'”

        Good job. What a research that nobody else in the world could of done! Now that I am hacked and spied, should I be worried? Are you having a bad day that you had to do something to make you feel like you’re somebody powerful? Again, going off the topic just like you.

        • jox

          The topic is why people like you started appearing in July? Because obiously you don’t get a team of people coming again and again to a blog that they think it’s wrong and misleading, only to repeat ‘nothing is happening’. The logical conclusion is that you are being paid. I really would like to know who and why.

          You let your data and comments open for everybody to see. Not hacking or spying here. It’s your fault that the trick is so evident.

          • Nick Tubber

            I just hate it when people make predictions when they are wrong consistently. I wonder who benefits from paying someone to write negative comments in this blog? I wish my job was that easy. By the way, I follow James Rickards and more closely. I am clearly on “we are screwed” side. So why JR? because despite his dark view he doesn’t claim that something’s going to happen soon. He’s more realistic in his predictions, whereas Michael and all others seem to raise alert all the time which is fine, but then they are wrong and it becomes a fear-mongering thereafter. It’s obviously too early to say things are “crashing”. Why do we have to take this kind of misleading comments? I am only criticizing. Remember he was wrong about Greece.

      • TheScott

        Because we have friends and family that post this crap to Facebook and we come here in shock and awe by the fear trash spewed out by false prophets. We feel compelled to reply.

        • jox

          Yes, perhaps some people do as you say. But others are very suspicious. I see some patterns. Anyway, in this blog there are two lines: one of serious economical analysis, alarmist if you want, but serious and based on hard data. The other is religious, typical of american christians (we don’t follow God’s commandments, the end of the world is near, etc.). I, as european, don’t understand this second line of the blog.

  • Chris

    I dusted off all my Y2K stuff for nothing!

  • swithin

    LOL back to say it often enough it will come true!
    Shall we start at the top and work down?
    Firstly the 5tn drop in wealth sounds a lot? Well global wealth was valued at US$241tn and that was two years ago so US$5tn is less than 3% globally . If you look at USA the wealth was US$100tn so about 5% if he only was talking about US but he is not he says Global! What also has not been said is over the last 5 years Global Wealth has increased by over 40% So a major catastrophe? I think not just big numbers!
    Drop in stock market – In fact all indices are at about the same level now as they were at the end of August, most have dropped about 2 to 3% over the last year but again not the dropping off the cliff. Looking at the futures market shows that a prediction of share increases not the plummet like is predicted here.
    Then what does he do throw in a natural disaster! Is he saying a natural disaster will happen? Does he now believe in the 23rd September doom sayers? I don’t know but there is an overall element of desperation in this article.
    Let’s not forget this is the same author as Market Meltdown in Nine trading days, when was that ? Over a month ago now yes that’s right we all lived through the predicted market melt down why? Because it was wrong that why!
    All I say is everyone here do the background work don’t just take these fear and scare stories as fact. They are not the FACT show they are baseless, but I am sure of one thing
    1. This will not the last prediction of doom from this clown as he works on the basis if I say it often enough once it must come true!

  • John Atkins

    Watch the universe song by monty python

  • Rick

    Michael, you nailed it, we are dealing with a man made dumbed down and greedy population. Therefore, until they are hit directly in some way that affects them personally, they could care less about the trillions of dollars other people have lost. In fact they are probably cheering, saying something like “they deserve it.” Yet we also know that once they can’t make their mortgage, or their water gets shut off, they will be the first ones crying and screaming to the government for help.

  • jox

    In my opinion, one of the best signs that the collapse is approaching is the sudden appearance on this blog of a team of ‘nothing is happening’ people.

  • David Eric

    I think lots of people were looking for something more on a spiritual level. What is mentioned here are the forces of man-made greed, theft and lack of self-control at work here – realities that have always existed and will always exist on this planet….and will continuously swing through up and down cycles.

  • G21

    It looks like the “nothing is happening” crowd won’t believe something is happening until there’s a sudden catastrophe.

    Is nuclear war sudden and catastrophic enough?

    Russia’s and Persia’s (Iran’s) militaries are now in Syria – to the north of Israel.
    Ezekiel 38 and 39 foretell a time when Russia, Persia and many others will invade Israel from the north. The invaders will follow the mountains of Israel south toward Jerusalem, intending to take a great spoil.
    God himself will intervene and destroy all but a sixth of the invaders. But apparently, in the midst of the destruction, nuclear war will break out – Ezekiel 39:6.

    Other biblical prophecies (Matthew 24 and Revelation 6 – which describe the same events from different perspectives) predict a time of trouble in which widespread war, economic collapse, famine and death
    grip the earth. Revelation says that in this time, 1/4 of the world’s population will die.

    You know, there’s nothing wrong with buying stocks and investments, when you believe they’ll increase in value. That’s just good old capitalism.
    But to sit back and watch prophecy being fulfilled before your eyes, and to say there’s nothing to it (when the Bible has a 100% accuracy record) is the height of folly.
    Maybe you aren’t a Christian. Maybe you don’t even believe in God. Still, when a book that has accurately predicted the future in minute detail says that a catastrophe is coming, it’s just being willfully blind and stubborn to ignore it.

    • What about israel´s nuclear arsenal? Israel’s leadership considered using “drastic means” already during the 1973 Yom Kippur war.

      • G21

        Israel’s nuclear arsenal has nothing to do with it. The Lord is the one who will destroy the invaders of Israel.

        Ezekiel 38 describes exactly how he’ll do it.

    • TheScott

      Yeah but that “catastrophe is coming” has been coming for the last 2,000-4,000 years. We can’t live our lives in fear of pending doom. The overall market averages a good return; not taking advantage of it is fiscally irresponsible.

      • G21

        You’re exactly right – that prophecy has been there for a long time – over 2000 yrs.

        It’s different this time for several reasons, foremost of which is that the militaries of Russia and Persia are in Syria together for the first time.

        Oh, and I have other fiscally responsible investments, thanks anyway.

    • Gay Veteran

      bilge

    • CASTIEL

      The king of north will attack the king of the south and babylon will burn…..i barely remember…i read it long time ago…..we live in a big buble of air ready to explode….and few cares about this…

  • Bubba Johnson

    A news copy and paste, all is well, stocks up.
    A measure of factory activity in the U.S. upper Midwest region fell for a sixth straight month in September in a broad pullback, Marquette University and the Institute for Supply Management-Milwaukee said on Wednesday.

    Their index on manufacturing in the Milwaukee region dropped to 39.44 in September, its lowest level of the year. The August reading was 47.67.

    A reading below 50 indicates regional manufacturing activity is contracting.

    Most components including new orders, production and employment fell sharply

  • Robert

    From what I read here and there, very few people make any real money from stocks and the markets especially if they are trying to time the thing. Had several friends a few weeks back who tried to get thru to their brokerages to sell and got no action. Lines clogged. Of course to sell there has to be a buyer. They were frustrated and a bit angry. For those who remain confident and even exuberant then good on ya. For the rest of us who do not trust fund management or private or government figures (especially China) we have to wait and watch. I do not trust in corporate management e.g. VW to run the show which will deliver me a few bucks. If the derivative numbers are anywhere near accurate then the disaster potential exists. What might ignite a cascading collapse is unknown. But mixing prophecies with markets; metaphysics with markets is going to result in dialogs that will never reach a conclusion.

  • Reality

    I believe something WILL happen…in my lifetime…sooner than later. Having said that trying to pick a day or a time based on the moon, a visit by the pope , or shemitah is foolishness at it’s best. I try to walk each day with my creator in spite of my human weaknesses knowing it may be my last one come what may.

    • Green tip

      Well said

  • TheScott

    The S&P 500 has gone up over 180% in the last 6 years. Now we experience a 10-15% retracement and people are freaking out. Yes Hong Kong and Japanese markets are down a lot this year but look at the huge bull market they’ve had for the last 5-10 years. Corrections like this are perfectly healthy.

  • DJohn1

    The only thing that worries me is the positions of stocks also control the payout of pensions for a lot of people.
    That means technically a lot of pensions are paying out more than they are taking in. In turn, this means a lot of pension money is going down the drain in speculative investments.
    WHEN is the big IF. Meaning at some point in time the Federal Government has to reign in all the speculative investments and call it a day. That means the pensions disappears. They no longer have the money to pay out to all the people that have paid in over the years.
    401Ks should never be a substitute for an old age pension.
    Yet that is exactly what companies are doing.
    They are substituting 401K for their employees.
    Which means it all comes to a an end before one dies.
    To me this 401K thing is what has to come to an end soon.
    Go back to the way we were doing things with pensions being a benefit to employees.
    I feel like we are unwilling participants in a get rich scheme promoted by employers and it is finally coming to an end for everyone.
    The reason people have their heads in the sand is that they have very little choice in the matter.
    So when this version of an ocean liner sinking finally happens, nothing will be left except bubbles as the ship goes down.
    The survivors of said ocean liner will be waiting a long time for a rescue boat to show up.
    The thieves of wall street are well aware of what is likely to happen and have placed their bets.
    The rest of us can go bankrupt for all that they care.
    No one was arrested that I know of the last time in 2008 that this occurred.
    Yet blatant fraud took place.
    These bankers are the tip of the iceberg.
    These thieves are in thick with our government.
    That is why no charges were ever brought against them.
    I suggest that this time all of the pensions will be confiscated and people will be given a pension based on federal control of everything.
    In other words, guarantees at a lower rate of return than they get right now. Which is exactly better than no pension at all.
    A lot of people depend on Mom and Pop to support them during these trying times. What happens when Mom and Pop are just one more victim of the things to come?
    IF and WHEN Donald Trump or his likes are put in charge of everything then there is a chance these crooks will become jail mates.
    More likely, they will simply eliminate Donald Trump with a criminal hit. If it fails, then their entire world will come to an end.

  • rawhunger .

    Wake me when “Chicken Little” blogs something new…

  • Donald Wilson

    Chicken Little running around screaming the sky is falling m; well the sky has been falling for some time now. Wake me when things get really exciting, until then let get some much needed rest… The End.

  • Ajusco1974

    Global Economic Collapse will be triggered in China… The US will be the last market to fall.

  • Bubba Johnson

    Another way they rig the numbers of our country.
    The portion of the federal debt that is subject to a legal limit set by Congress closed Monday, Sept. 28, at $18,112,975,000,000, according to the latest Daily Treasury Statement, which was published at 4:00 p.m. on Tuesday.

    That, according to the Treasury’s statements, makes 199 straight days the debt subject to the limit has been frozen at $18,112,975,000,000.

    $18,112,975,000,000 is about $25 million below the current legal debt limit of $18,113,000,080,959.35.

  • Papillon

    Gerald Celente puts it succinctly:
    Trade Wars.
    Currency Wars.
    World wars.

    We are in, and nearing the end of, the currency war with all collapsing together.

  • Jerry E

    Michael,

    What other major financial/commodity companies are you looking at?

  • infowolf1

    shemitah is false, because that was a law to let land lie fallow every seven years, and release all slaves and debts what happens in these economic downturns DOES NOT ACCOMPLISH ANY OF THAT, and the timing is NOT exact like Cahn says.

  • J.L.W

    What does fwalker15 think?

  • J.L.W

    I needed that! Things need to change and justice needs to be brought down on some people I know!

  • jim_robert

    “Socialism (lit gouvernement in French) in the great fiction,whereby everybody endeavours to live off of everybody else.”
    – Frederic Bastiat, 1801-1850

    And…why yes, you ARE indeed correct. Leftists STILL have no idea why this has never worked, WILL never work, and CAN never work. (A quick visit to Detroit might disabuse them of that notion, but alas, all the Learjet leftists and rich Hollywood limousine liberals will never go to see what their fascist policies have wrought

    • Gay Veteran

      psssssssstttt, it was the corporations that shipped MILLIONS of American jobs to Mexico, China, India, Vietnam, etc.

  • http://bibletruthsandteachings.simplesite.com/ Believer

    A few notable things not in this article (focused on US market) that would seem to refute the “nothing (significant/unusual) is happening” assertion…
    – 40% decline in China’s stock market – the largest one and the one that has been the growth engine driving global market growth – in addition to major corrections across 20 different stock markets recently.
    – The Pope essentially denies Christ declaring humanly His “failure on the cross” (to not propagate this heresy I would cite John 10:17,18 which directly refutes this blatant fallacy “I lay my life down on my own initiative” – there are many others).
    – 1100 Muslim pilgrims killed under several very strange circumstances and events related to Mecca Hajj (a crane falling and a stampede).
    – Extreme drought in many areas of the US west including large destructive fires, water shortages, and reduction in farming capacity.
    – Russia in Syria and in military cooperation with China and Iran.
    – The Iran nuclear agreement that throws Israel’s security under the bus in exchange for appeasing the Islamic revolutionaries (ref. Isaiah 28:14-22 – “covenant with death”).
    – Strange mass animal die offs recently.

    • Gay Veteran

      “…The Iran nuclear agreement that throws Israel’s security under the bus….”

      bilge

      • motherJonesIsRacist

        clearly, you are a racist and a homophobe, lolololol

  • NSOV

    Sensationalist nonsense… yes bad things will happen to the world, but bad things always happen, and it’s our duty as a species to try and solve these problems, not sit here and cry about a doomsday that will never come. The world isn’t perfect and never will be. No need to whine or tell pious scare stories.

  • KB

    This scripture keeps coming to my mind in the last few days.

    I charge you therefore before God and the Lord Jesus Christ, who will judge the living and the dead at His appearing and His kingdom: Preach the word! Be ready in season and out of season. Convince, rebuke, exhort, with all longsuffering and teaching. For the time will come when they will not endure sound doctrine, but according to their own desires, because they have itching ears, they will heap up for themselves teachers; and they will turn their ears away from the truth, and be turned aside to fables. But you be watchful in all things, endure afflictions, do the work of an evangelist, fulfill your ministry.
    ~2 Timothy 4:1-5

  • Barbara Fisco

    A good friend of mine who is usually a hippie/earth muffin gave me a very good answer to my dismay at people who won’t face the truth and aren’t doing ANY kind of prepping. She has become less altruistic and caring about others since having a baby. She said: “Honey , some people are just gonna have to die! (and she is right)

    • howaboutthat!?

      Yeah, and it might be you

  • David

    These events, financial crisis, occurring at the present or recently have occurred may not affect any average person right away, but The impact will hit later on ordinary people when they lose their jobs and the whole thing falling on their heads. Then everyone will realize that something had actually happened. SO folks don’t count on anything and never ever think that your job and everything else is safe. Dont believe it a second. Don’t believe in anything and anyone saying …Everything is fine. It is all just an illusion. Nothing is alright here but wrong and disastrous coming ahead.

  • Jazz

    The Bull Market just called, “Don’t call it a comeback. I have been here for years”. What a bounce!

    • fwalker15

      ROFLMAO

      • Jazz

        Lol all you want my call options had a pretty mighty day :)

        • fwalker15

          Care to post those symbols and we can quickly debunk your fish story together :)

          • jazz

            I’m not giving you my trades but they were slighly out of the money calls expiring in Dec based on a major index. They are now close to the money :)

            Fishing for my trades now are we? LOL

  • fwalker15

    Looks like the U.S. dollar finished the quarter up 0.8% vs other key currencies and is now higher in four of the last five quarters. Any of the super genius collapse of the civilization gurus care to explain how you rationalize that into your theories?

    • CASTIEL

      the collapse will not happen by a economic crisis but by the result that could bring…like the situation russia and usa and china.deja vu of ww2 but with different countries….Both fight to grow to fight this recession…..just a question of time when a financial war bring something more…..those values are manipulated……the real situation is the dificulties companies have to survive…..those little one makes a big difference….if the big one struggle imagine the most weak….almost 8 years and we live the same….how mutch time can we keep this?

    • Jazz

      Wait! Is this the same fwalker15 calling for S&P 1400? I bet you are a schizophrenic economist during the day and a protagonist in your very own story at night where you get to rule the world with your endless theories on how the markets and capital move in your make believe world.

      You remind me of Miguel de Cervantes’ classic novel “Don Quixote” where just like the main character you go on these rants that make no sense. Don is unable to see the world for
      what it really is and instead prefers to imagine that he is living out a knightly story. You are good for laughs though. Thank you!

      • fwalker15

        Looks like somebody does not know the inverse relation between stocks and a strong dollar nor the difference between economic cycles and capital market cycles. Keep telling yourself how key indicies are headed to fresh all time highs by December. In the meantime after tomorrow’s fresh monthly payroll deduction inflows are absorbed by sellers the last catalyst of that eye of the storm will be behind the markets and the decline to sp500 1400s level resumes. Watch and learn. :)

        • jazz

          So the markets will just tank on no new developments? Ah gotcha. Take your meds you are becoming more and more delusional. At least some of the other people on here can present a prediction/thesis based on an event or series of events. I may not agree but at least I can get from point A to point B. Your gibberish is hard to deciefer because it is illogical.

          Just saying something is so or that something is going to happen WITHOUT a valid foundation carries ZERO weight in my book. I can at least articulate WHY I think the market is going up. You have given ZERO explanations on why the S&P is going to this mystery 1400 level. LOL!

        • Jazz

          BTW Market Futures UP BIG again. Making money in this market is like taking candy from a baby. Maybe you’re the one who sold me the cheap calls 😉 I’ll sell you some puts while I’m at it LOL

    • HeyAHuman

      Lol.

    • Lel

      I knew that this day would come eventually, and now it has arrived. This post is definitive proof that you have no education except for that of what investopedia teaches you. Now here’s the deal, f|_|ckwad, I won’t see any response to this because this isn’t a registered account, but I’ll still be batting 1000 with my predictions versus your 0, and that prediction is you will respond to this comment anyway because your ego causes you to do so. For your own benefit only.

      Second, between you and jazz, it’s like watching two downs syndrome paraplegics fight in the sandbox. Entertaining but at the end of the day you are both retards. *mic drop*

  • carl

    Stocks closed up today.

    • fwalker15

      Say it ain’t so! Is it safe to leave my bunker? I’m getting tired of watching these end of civilization DVDs :)

      • ICU

        Then go for a stroll to Washington and 12th and get a Starbucks and give your eyes a rest.

        • fwalker15

          You’re in Miami beach?

          • ICU

            Yes.

            Short trip.

            Leaving tomorrow night.

  • Tatiana Covington

    I think it’s all just random noise.

    • fwalker15

      Thats not going to sell many doomsday books and DVDs :)

  • GetReal4U2

    on the last day of September…Palestine wants statehood…to divide Israel and Jerusalem…the “peace” plan is about to come…pretty freaky how Russia just got into the “war” as well…things are lining up very quickly…get ready for the new “one world” UN agenda 2030…it will be hard to escape this new “agenda”…

    • whatacrock

      GetReal4U2 do you remember saying this on August 19th?…..

      “sadly most still doubt what’s coming…September approaches quickly…

      Or this on August 20th

      get ready…September approaches quickly…or…go ahead and listen to
      the media…remember…obummer talked about the economy being in the
      best shape ever in the state of the union…all government and lame
      stream media economic reports are complete lies…it’s all coming to a
      head…very soon…

      And dozens more like it?

      Do you have any words of wisdom for October?

      • GetReal4U2

        I stand by every post I made…you can pretend everything is great if you wish…Your type are the ones who will cry when the collapse begins to impact them…pretending to be unaware of any issue…I’ve got my head out of the sand…but hey…I’m sure the “pope” will bless you…

        • whatacrock

          Your comments never lead me to believe your head was in the sand, but they lead me to believe your head is up your, well……..you know.

  • max gon

    This site should be renamed The Economic Fraud.

    • Mighty IDF

      Don’t like it? Get your own site.

  • Hatch Jerod

    Vuciously seesawing indices are evidence that the global corporations are pushing prices around making easy money.
    What Cahn doesn’t say is that LOTS of bad stuff happens everyday which has global effects and nothing to do with Shmitah. This is literally a stopped clock being right twice a day… maybe.

    The plan of the end of time is in God’s hands. It has nothing to with Cahn as long as he simply gives the Gospel of the Kingdom for free. This is not the case of that Shmitah book.

  • Barry Goldwater

    I see nothing wrong with the economy that a few million more 8.00 per hr. part time jobs and several Trillion in borrowed money can’t fix. Oh, and BTW another year of ZIRP will help all of us to recovery.

  • Davide Lucciano

    For years, they shout to the disaster. Nothing ever happens !!!

  • Priszilla

    Luckily there are the refugees in Europe to report about, coming TTIP, the emissions scandal, and in UK the new labour leader and Trident.

  • Itanimullikcuf

    ‘I don’t feel anything” says frog in a slowly warming water.

    • Jazz

      Who quickly hops out of the pot because he realizes there are plenty of flies back in his pond. He hops back and sees things aren’t as bad as he thought. The other frogs have lots of jobs and things to do with plenty of flies and a relatively nice life. The frogs’ stock market (prospects for food) looks quite attractive and will soon hit all time highs.

      • Itanimullikcuf

        Stop being so naive. Or probably you are a millionaire. Wall St is not a good marker of a real economy. More like a casino.

        • Jazz

          I agree that the stock market is not a very good representation of an economy but it is a good leading indicator. Markets tend to fall before a recession so it can provide warnings. Additionally if you get the markets rising people feel better about the economy and spend more. That was a LOT of the justification for QE.

          Right now we have relatively low unemployment, strong consumer sentiment, and strong retail/spending numbers. The economy is slowing down but still expanding but at a slower pace. I don’t see a recession brewing just yet.

          Most crashes involve a slowing economy AND rising interest rates. So we could be in for a recession/market crash IF the economy starts contracting at a rapid pace AND the Fed raises rates.

          Until then it could sputter sideways until Q3 earnings come in but I still expect the markets to hit higher highs by year end. I think the selling is overdone.

          I disagree that Wall St is like a casino unless you treat it like one and gamble.
          For those who know what they are doing, investing is a great way to multiply your wealth.

          • Itanimullikcuf

            The question is – who is counted as an unemployed in US? A person on social welfare. Not those receiving food stamps, graduates and underemployed, season jobs or part-time workers (or not receiving social benefits). The true number could be from 15 to more than 20 % It’s not 5 or 6%. And the crime rate is also absolutely exploding. Middle class jobs are going overseas, mainly to China. Price of food is also going up. Add to this catastrophic drought, mainly in California. And God knows what could happen if a major disaster could hit or a massive terror attacks (ISIS). Or war in middle east or in Ukraine could go from proxy into international crisis just like war in Syria (massive refugees crisis and ISIS).

          • fwalker15

            You think he even knows what bls is? Or the term or methods used to quantify “discouraged workers”? Its obvious he does not- which makes his ludicrous comments and notions so funny :)

          • Jazz

            LMAO. See you at S&P 2100+

          • Jazz

            I agree that the true number from the US Bureau of Labor Statistics is a sham and the esimates of 15-20% as the true unemployment rate are more accurate but the market could care less. More than 2/3rds of our GDP is consumer spending and that is the only game in town.

            I also agree it wouldnt take much for a crisis in the US to get ugly quick. The banking system going down (bank holidays), government shutting down and welfare or other benefits not being avalable. I have seen how social disorder erupts quickly (i.e. Baltimore). I am prepared for those situations but it doesn’t mean one is imminent.

            I mean a natural disaster could strike too. Lots of possibilities. I agree it makes sense to be prepared for the worst but it does not mean you should be fearful and act like it’s the end of the world as we know it.

          • Itanimullikcuf

            Debt limit or government shut down could be an issue soon. Again. And of course Syria war and Ukraine war is an another danger of war escalation (potential NATO-Russia confrontation) and removing word ‘proxy” from it. Natural disasters are not the biggest threat to economy. Only if we are talking about deaths of at least tens of thousands of people and damage in hundreds of billions dollars. Last time it was March 2011 earthquake and tsunami in Japan. In US last time it was a smaller cataclysm hurricane Katrina 10 years ago.

          • fwalker15

            Roflmao. Just finished replying how your comments prove zero education and zero clue regarding economic cycles and market cycles. Anyone with any formal education knows different sectors of the capital markets are excellent indicators of economic activities in quantifying the economic cycle. Those indicators include leading, lagging and coincidental. The notion that “the market” is leading indicator is very telling of your lack of any formal education. The rest of the notions contained in your comment are even more ridiculous and not even worth debunking. Too funny for words. ROFL

          • Jazz

            I’m going to stop replying to your comments because you clearly are a troll and have no clue on economics or markets. “. Stock market returns are a leading indicator: the stock market usually begins to decline before the economy as a whole declines and usually begins to improve before the general economy begins to recover from a slump.”

          • fwalker15

            A myopic comical notion which again proves zero education regarding economics combined with zero experience exemplified by “stock market” and ignorance regarding differing sectors and components and their interconnected relationships with different sectors of the economy. You may not believe it but certain sectors of the markets outperform during periods of economic contractions and vice versa even a person with zero formal education or experience would be able to grasp that simple knowledge; hard to imagine someone who insists he has “advanced education” (commonly referred to as post graduate studies by those that do) and thirty plus (ROFLMAO) years experience. Thanks for the laughs.

  • JailBanksters

    The moon went orange, and not red.
    At least that happened, but only because hat’s out of the relm of mankind to intervene. Doesn’t this also mean the Jewish calendar, Blood moons, Jonathan Cahn etc is all just BS and Cahn is nothing but a Fraud.

  • nekksys

    I’ve been reading some other responses and, without naming anyone, I’ve found some great laughs and things to point out.

    1) This person admits the unemployment numbers are forged and goes on to say that if everyone were counted the numbers “would be off the charts.”

    2) Same person admits that GDP “isn’t everything” and agrees there are other factors which make up our economy, such as supply and demand.

    3) Same person then admits that the Fed’s QE plan did create an economic bubble.

    In spite of all this, this person also seems to think everything is OK, nothing is happening and there’s nothing to see here. Let’s take another look at number 2 since it’s the most important at this stage of the game.

    Recent ISM numbers show slow to slowing growth in all sectors as well as an increase in retail stock along side a decrease in prices. Excess stock shows demand in falling which forces lower prices to drive demand. That’s a boon for consumers but a bust for retailers because the retailer ultimately takes the loss via a reduced profit margin or no profit at all. Some businesses can’t afford to cut margins; forcing staff reductions to compensate or outright closures. This, in turn, exacerbates the unemployment situation.

    I didn’t go to college to be an economist. I’m an Average Joe who looks at everything with an eye for the Big Picture. I’m certainly no genius but with the Dow dropping nearly 2200pts since May and posting a drop of 111pts at the time I write this, we are clearly in an economic decline; not only in this country but globally as well. One of these giant banks is going to fall and the aftermath isn’t going to be pretty.

    If you’re one of the “Everything is going to be OK because nothing is happening” crowd, then I’ll expect to see you at my door looking for a handout when everything goes belly up. After the initial, “I told you so!” moment, you can come on in and have a bite to eat. I’ll teach you how to hunt and fish so you won’t starve. I’ll even teach you how to build a good shelter! Remember, though: you’re first meal at my house will be Humble Pie followed by a course of Crow…

    • HeyAHuman

      Lol, well put. There’s a lot of grasping for straws here.

    • jazz

      Lol. Guess you missed my MAIN point: Bubbles happen all the time and can go on FAR longer than rationale minds can fathom. It’s all a matter of perspective. If there are more buyers than sellers than markets can go on for years in bubble territory.

      I said without a black swan event I expected the US markets to bounce back and head to new highs. I admitted eveything could come unraveled at anytime and why I have positions on BOTH sides of the market – ones that rise when the markets rise and ones that rise when the markets fall. My approach is flexible and can be shifted to the bull or bear side depending on how key events play out. I have the ability to profit no matter which way the markets ultimately head.

      To be correct with a prediction you need 2 elements: The actual prediction AND the timing of said prediction. For example if you called the housing crash in 2001 and it happened 6 years later, you really weren’t correct in your prediction.

      I conceded that the U.S. economy is a house of cards that will eventually come tumbling down BUT the question is WHEN?

      My opinion is that it will take years for the U.S. to collapse not days, weeks, or months like many on here have predicted. The rest of the world is in MUCH worse shape and capital has to flow from somewhere to somewhere. It doesn’t just disappear. I expect capital to flow OUT of foreign markets and INTO U.S. markets creating an EVEN BIGGER bubble in the U.S. before the U.S. system collapses. We agree on the economic collapse. We disagree on the timing!

      You may find humor in it but my opinion is based on decades of research on how capital flows work. Unlike you I DID go to school for economics.

      At the end of the day, no one truly knows what’s going to happen. We all have opinions. they are a dime a dozen, I can at least rationalize and articulate why I believe what i believe unlike many on here who just say it’s all going to collapse tomorrow, then the next day, then the next day. Eventually they will be right but it could be a long while before the prediction actually comes true.

      • nekksys

        Self-centered much???

        • Jazz

          You were the one who brought me up so no I’m not self centered at all but you seem to know it all.

          For what it’s worth, I ALREADY have sufficient food and water set aside to last months, stored cash and precious metals and emergency items so I’m pretty well prepared but thank you for your offer.

          You can now continue with your expert opinions. lol

          • nekksys

            You weren’t named in my post but, of course, you had to make it all about you.

        • Green tip

          Nekksys you sound like one of the few people on this site who has a solid understanding of what is really going on in the world economy. I’ve been following financial markets and economic news for about a year or so now and when I see someone who’s educated on the subject I try to get their opinion. If and when we experience a economic collapse perhaps from loosing the world reserve status, how bad do you think it could really get? Do you think it could get to a point we’re we no longer have the rule of law? % of likelihood it will actually happen?

          Thanks

          • nekksys

            Thanks for the kind words.

            To question #1: Horrible, with rampant crime in the streets.

            To question #2: I would not rule out the possibility.

            To question #3: I have to answer in 2 parts.
            A: The overall likelihood of a global economic collapse is practically guaranteed. No debt based economy has nor can remain afloat forever. Since the time lag between money creation (new debt) and destruction (debt repayment) are what drives our economy, eventually the rate at which debt must be generated in order to keep assets liquid will become astronomical and unsustainable. Therefore, simply by understanding the mathematical concept of exponentiation, you can see the whole debt based economic model was doomed to failure from the outset.
            B: A collapse of sufficient magnitude to cause the rule of law to fail has a significantly lower chance of happening under ordinary economic conditions. I’d say, for the sake of argument only, less than 20%. However, the more the key financial players work to prevent economic collapse and prop up a failing system, the greater that possibility becomes due to the amount of wealth that will be destroyed in a collapse. Had we allowed the system to fall in 2008 (or 2001 for that matter), we wouldn’t be in this position now; with ever-increasing government debt, currently in excess of our GDP, and banks with derivatives exposures so massive they would bankrupt the planet should the bubble burst.

            I hope this answers your questions.

      • fwalker15

        Homeschooling is the only education you have in economics. Your misnomers and ludicrous notions of “sovereign capital flows” known as carry trade by those with actual education are ridiculously comical. Your complete ignorance regarding the differences between economic cycles and capital markets cycles and their relationships are further proofs beyond any doubt. Their is zero percent chance you have any formal education whatsoever nor the decades of experience you claim; the continuous multi misue and misunderstandings of the simplest terms and principles are proofs beyond any doubt whatsoever. Nonetheless those ridiculous notions and confusion make for some great laughs ..keep up the excellent work in that arena!!!

        • Jazz

          Says the guy who says the S&P is going to 1400 with no thesis. “It will just fall. Watch and learn”. I’m well versed in carry trades and was not referring to any currency related trades. Though I have said that a strong dollar is hurting a lot of the multinationals and why I highly doubt the Fed will raise rates.

          I was also talking about capital flow as in capital movements among various asset classes so you clearly don’t even understand what you are criticizing. LMAO.

          • fwalker15

            Again I would suggest you learn the formal definition of Carry Trade. You will immediately realize how foolish your lack of knowledge combined with ludicrous notions are making your comments hilariously funny. :)

          • Jazz

            Someone with a basic undertanding of Carry trades would know tehy are primarily used in the currency markets. Since you don’t understand them. Here is definition (if you can read):
            A carry trade is a strategy in which an investor borrows money at a low interest rate in order to invest in an asset that is likely to provide a higher return. This strategy is very common in the foreign exchange market.

          • fwalker15

            Obviously you now realize how foolish your ignorance is. The limited portion of the definition is comical. I will cut and paste a more comprehensive and accurate definition so we may laugh at your foolishness together. Trading strategy that involves borrowing at a low interest rate and investing in an asset that provides a higher rate of return. A carry trade is typically based on borrowing in a low-interest rate currency and converting the borrowed amount into another currency, with these proceeds either (a) placed on deposit in the second currency if it offers a higher rate of interest, or (b) deployed into assets – such as stocks, commodities, bonds, or real estate – that are denominated in the second currency. ROFL

          • Jazz

            Lmao. You are comical. You clearly do not even understand how they work in real life which is probably why you have no money and make these random guesses on where the market is going. Good luck troll!

          • fwalker15

            Meanwhile there’s the definition proving you clueless ROFL

          • Jazz

            Lmao. At least you’re good for laughs. I love how
            you prove you have no understanding of how real world investing works. Go back to your text books and random chanting of S&P 1400. Lmao. I have some puts to sell you. Lol

      • Green tip

        I’m curious jazz, what school did you graduate from and how far did you go?

        • Jazz

          A top business school in the north east with a masters in finance/economics

          • fwalker15

            Unnamed school and doesn’t know those are two mutually exclusive studies ROFL

          • Jazz

            Lmao X 100!!! Again proving you have no clue. Do a quick Google search on Ms in economics and financial and you will see how foolish AND clueless you truly are. Many schools around the country offer such programs.

          • fwalker15

            The evolution of a fish story. I found one “business school” in the UK with a one year certificate in the combined curriculums. Google shows zero in NE USA ROFL

          • Jazz

            LMAO. You don’t even know how to do a google search. You truly are the king of the clowns. Thank you bro for the endless laughs. I need to go do some more productive things while you spew your foolishness.

  • pulltheweeds

    I need a drink .

  • keepmoving

    As the Titanic quickly steams toward the iceberg….

  • James Waln

    I watched a lot of his appearances on different shows and never once heard him say…”such and such” was going to happen in Sept. He merely was stating that something “could” happen during this period, if the 7 year pattern continued as it has before. He said many times, that Gods time line might not be like ours and God could bring judgement any time He wanted. But you to say nothing has happened, is totally untrue…just look at the financial predicament the whole world is in. Check out the middle east, now with Putin injecting himself into the Syrian war….Read your Bible and compare to what’s happening in the world today…especially Mathew: 24….

  • Jamie S

    Who is Jazz? Does she run this blog?

    • Jazz

      No i think the blog is being overthrown by a troll named Fwalker15. He is as phony as the US unemployment numbers. lol

  • stroea

    I don’t comment here very often. I think that this country will weather the coming crisis as it has done in the past. Remember the Civil War and the great depression, to mention just two among many.

    • Jazz

      I agree with you! It seems we are the minority that believe the US can survive the current global downturn.

  • Jazz

    Wow the troll fwalker15 is on the evening shift tonight lol. I see why people warned me about his cluelessness on this blog and CNC and others. Is it whack a troll day?

    • fwalker15

      Your ridiculous lies are making fresh all time lows along with your foolish market forecasts

      • Jazz

        Oh lol. Because you don’t understand foreign investing. Here is an article from CNN describing exactly what I was talking about: “Foreigners can’t get seem to get enough of U.S. assets. They view the American economy as safe as many other parts of the world struggle, including China.” LMAO

  • fwalker15

    Watch and learn:JGrumby STROMBOLI_INGRID
    11 hours ago
    Walker posts day trade ideas here. He also makes longer term predictions, but we won’t know if those are right until they happen or not.

    His day-to-day calls have been unbelievably accurate the last month or so. I haven’t kept statistics, but I’d guess he’s been about 75% correct. That is incredible performance for day trading.

    Say what you will about his “blog personality”, but he’s known more about market technicals during this correction than anyone else here… by far. I’m taking notes and trying to learn something; I hope the rest of you are as well.

    • I Am Mr.Wonderful

      fwalker15, is your real name Peggy Klaus author of

      “Brag! The Art of Tooting Your Own Horn Without Blowing It”?

      • Larry the lizard

        I have not been here to long but fwalker seem very arrogant

    • Jazz

      Glad your mom came to your rescue and defended you. Way to go! She may faith in you, but anyone who reads a comment or two from you can see through the Bologna

  • Steven Seipel

    The economic collapse could be happening more quickly than it is. The economic depression could be obviously happening by now. People could be panicking and rioting, because the government checks could have stopped already and businesses could be closing.
    It looked like that was going to be the case. It still is, it just is taking longer than we thought. I keep telling people that I am glad of that. I don’t see why some people are upset that things are going better than expected.

  • Dennis Fales

    Well Jesus didn’t return during the super blood moon, so why should we trust this article?

    • Mighty IDF

      Michael never said that Jesus would return at any specific time.

      Why are you accusing him of it? If he did, copy/paste it here.

      • ian

        um…yes he did. he and lisa haven and lyn leahz and Bakker and Jonathan Cahn and countless others have been working everyone up into mass hysteria. And nothing happened. They are frauds and charlatans Nothing more.

  • Mark Ward

    If people do not think the figures are managed this is from the British Bull S*ite Corporation 04:00 2nd October 2015.

    FTSE 100 – 6072.47 +0.18
    Dow Jones – 16272.01 -0.08
    NASDAQ – 4627.08 – + 0.15
    NIKKEI – 17726.08 + 0.02

    Has anyone else kept an eye on the markets. Saw the figures and just hey???

  • PastProdigal

    I think it is irresponsible for spiritual leaders to post articles stating that “nothing happened” and “God won’t let anything like that happen to us”, etc,. While we know He will protect His own, if they are truly walking with and serving Him, that kind of article just encourages those who want to remain asleep or keep their head in the sand and avoid facing the fact that things are not that great, and we are in trouble. Plus, it gives them an excuse for not making an effort to provide preparations for their family and be able to help neighbors, should the worst happen.
    If we, as Christians, can’t be better prepared than that, and take the opportunity to show forth the love of Christ in a catastrophe, what are we here for? I’ve seen so much mockery of the Bible Prophecy type of speaker/writers and I’m disgusted with it. All they want to hear is “blessings, blessings”. We don’t deserve blessings. 60 Million murdered babies, incredible rampant public sin, the rights of Christians being trampled, running God out of every part of our lives but blaming Him when something bad happens..we, as a nation, do not deserve blessing and protection, and the Church has been asleep, and therefore complicit.

    • Mark Ward

      I do not follow any religion. The only teachings I follow are the “Be Attitudes”. They have always kept me grounded in a quite insane world.

    • whatabout?

      What about your sin? What about my sin? God is patient so that none will perish. Would you have wanted Jesus to return before you knew him?

    • Mighty IDF

      C’mon dude – you know that at its heart, Christianity is not about “deserving” blessings.
      It’s about UNMERITED favor (grace).

  • lmarkievich

    Who picks the search tags? One is ‘wild theories’. Does that author set those? Really just curious, first time I noticed those.

    • HeyAHuman

      You should see some of the others. His “I Have No Fear” article during his hiatus had tags like “no fear”, “not afraid”, “economic collapse guy”, etc.

  • Bubba Johnson

    Janet Yellen as we all know has lost her mind. Looks as though her own mind numbing speeches caused her own brain to explode yesterday. Good Luck to us all.

  • Reality

    Oh you two stop it please!

  • Jazz

    How about that jobs report? What a stinker! Even the government’s phony numbers are getting worse. That combined with US manufacturing is sending us some warnings signs.

    • Bubba Johnson

      Bad weather because of global warming was to blame, as reported by the AP. HEE HEE People are silly.

    • fwalker15

      I thought you were bullish. According to you those numbers were got to drive the sp500 back up to 2100+ then to fresh all time highs on all key indicies !!!

  • Bubba Johnson

    This what we get for allowing the 536 and Fed to run amuck.
    Job growth was less than expected, the unemployment rate was unchanged, wages disappointed, revisions to August’s report was bad, and the participation rate fell to a new 38-year-old.

    And following this news, Chris Rupkey, chief financial economist at MUFG and one of the most bullish strategists on Wall Street, has thrown in the towel on the Fed raising rates in 2015 — and maybe ever — while also tossing out the idea that the US economy can be the engine that powers a faltering world economy.

    In an email blast following Friday’s report, Rupkey wrote that “rates will never go up again.”

    “The jobs market struck out in September as far as the Fed’s concerned,” Rupkey wrote on Friday. “No rate hike in October now certainly, and 2015 looks increasingly impossible. If the Committee was looking for more improvement this isn’t it.”

  • MightyIDF

    Wow, what an economy. I recently saw a list of “countries with most freedom” that had America at #17.

    What we’re seeing is the result of infecting free market capitalism with socialism. I look at Greece, Venezuela, Cuba, and I see the future of America under liberalism.

  • Bubba Johnson

    On a lighter note.

    Based on this new information, we now estimate that Treasury is likely to exhaust its extraordinary measures( by unplugging the debt clock) that on or about Thursday, November 5,” Lew wrote in a letter to Boehner. “At that point, we could be left to fund the government with only the cash we have on hand, ( tell Yellen to start the presses) which we currently forecast to be below $30 billion. This amount would be far short of net expenditures on certain days, which can be as high as $60 billion.”

  • itscoming

    They had to release the bad job numbers to have an excuse to not raise rates in October. Rates will never be raised because an economic implosion would occur. Expect a false flag to get the war started soon.

  • tommy vise

    As he said, the unstable markets are just the beginning of trouble. The whole world knows that we are in a time like never before; ISIS, nuclear Iran, Obama, etc. All the nations mentioned in Psalm 93 are lining up pre isely as predicted. The safest place to be is not in a bunker with beans and ammo, but in the Lord and Savior Jesus Christ . Are YOU ready??

  • Jazz

    And the markets are back up again :) They get knocked down but they get up again. The Support levels are really holding up well no matter how bad the economic news is. I still think we could retest the Aug lows but it looks like we are close to the bottom setting up a nice Nov & Dec market rally!

    • HeyAHuman

      You sound like you’re totally prepared for a collapse.

      • Jazz

        I am prepared for an emergency/market downturn but not betting the farm on it. On one hand, I have plenty of extra food, water, emergency items, precious metals, etc. I also own put options, inverse ETFs and other hedging instruments in the event the markets get ugly.

        As I have stated I don’t expect America to collapse anytime soon but it makes sense to be prepared for anything.

        On the positive side I still own stocks, business is as good as ever, and I have purchased some call options to take advantage of the 4th quarter rally that I am expecting.

        So long story short, though I see the U.S. markets higher by year end, I’m not fully invested. I do can see how things could potentially break down quickly (would take a black swan event in my opinion) and as such I have purchased insurance and created an emergency plan in the event that a crisis/crash/collapse unfolds.

  • ian

    You doom and gloomers don’t give up? Do you? No matter how completely wrong you are, you keep telling yourselves you are right. The very hallmarks of a severely delusioned and mentally ill person.

    • Donald Wilson

      Hey Ian keep telling yourself that everything is fine. However, this nation and other nations around the world are slowly but surely sliding into the abyss. The collapse l won’t happen overnight, this could take several more years. However, this could all change should we witness another 9/11 type event, major world war or some other worldly calamity. Took several decades to get to where we are now could take several more to finish off the U.S. Good Lick and Good Njght…The End.

  • Barry Goldwater

    Has anyone noticed the uptick in layoff news. Wal-Mart adds another 438 to the 1500 already announced last winter. Duncan Donuts closing 100 stores. Sprint announces today a cost cutting move of 2.5 Billion, layoffs to be announced, Caterpillar 10,000 layoffs and the list goes on.
    Meanwhile the Labor Participation rate drops again to 62.4% lowest since the Carter Presidency.
    The official Liberal line is they wanted to quit, they all just don’t want to work and don’t want to pay their bills, they’re tired of being able to support themselves , and they were especially tired of having employer sponsored Health Insurance.
    No the truth is we’re becoming a nation that produces less, earns less, but still consumes as much or more than we did. The rub is that as we produce less and earn less we’re adding an ever increasing number of people to the benefits roll now standing at 160,247,389 Americans receiving some form of Federal benefits. That number has increased 2.5 million since February . Liberals have yet to come up with the math to support this conundrum.
    This is all why there will be no rate increase in 2015 nor is one likely for the foreseeable future. To the contrary NIRP is far more likely.
    Get ready for a rough ride, America is about to undergo shocking change !

    • Donald Wilson

      Hey Barry you are spot on. With over 90 plus million workers not participating Dear Leader and the liberal BS is they don’t want to work. That’s pure BS these unfortunate souls were kicked to the curb. Government working in concert with the banks and large corporations have sold out the citizenry and the nation for 40 pieces of gold. For years the corporations were making billions by outsourcing millions of jobs to Asia as well as India. However, now the majority of the citizenry cannot afford the fancy cars, homes and other trinkets. These same corporations are now whinnying that they cannot meet their quarterly goals. That’s just too bad. They should have thought about that before selling out. Soon hundreds if not thousands of these POS corporations will be bankrupt and will be sold for scrap. Good riddance, hope millions more of these corporations go under. Good Luck and Good Night…The End.

  • MightyIDF

    From ZeroHedge:

    First, of the 142K jobs added in September, 24K was government jobs, … “Government hiring was strong for a fourth consecutive month, with payrolls up a solid 24,000…” Because more government hiring is what the U.S. needs.

    Sarcasm aside, this left just 118K for the private sector. Of this 118K, 78% went to low/minimum-wage paying jobs: Leisure and Hospitality was 30% of the total, adding 35K jobs, 25% was for education and health, more minimum wages, with Retail and Temp Help rounding out the remaining 23% in “gains.” Meanwhile jobs which actually pay good wages, mining and logging, manufacturing and wholesale trade, all declined in September.

    • G21

      And I wonder how many of those jobs went to illegals?

      94 Million-plus out of the labor force now. What’s the true unemployment rate?

  • Jazz

    We had a firework show in the markets today. Bad news? No problem! The Bulls are still in charge.

    • Bubba Johnson

      Four trillion dollars buys a lot of fireworks.

    • fwalker15

      I’d bet you were saying the same foolishness 2,000 points higher on djia too ROFL

  • G21

    Not “Catholics”.
    Just “the Pope”.

    • Reality

      understood.

  • WhoCaresFU

    Feminized US life is awesome, until it isn’t….

  • weezyweezyweezy .

    I can tell you the “nothing to fear crowd”. People keep getting things wrong and wrong and wrong then the people find elsewhere to get their supplemental market research and can get off the bandwagon. I lack in experience to truely say things over anyone else about actual predictions but I’ve see what happens when predictions are incorrect over and over or stay to a narrative for several years when something along those lines will happen. Sounding the alarm for to long and too loudly makes people deaf to that alarm

  • Maureen Van Dusen

    Our country is going to collapse. You can’t have legalized murder and sodomy and expect business to go on as usual.

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