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This Is What A Financial Crisis Looks Like

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Financial Crisis 2015 - Public DomainJust within the past few days, three major high yield funds have completely imploded, and panic is spreading rapidly on Wall Street.  Funds run by Third Avenue Management and Stone Lion Capital Partners have suspended payments to investors, and a fund run by Lucidus Capital Partners has liquidated its entire portfolio.  We are witnessing a race for the exits unlike anything that we have seen since the great financial crash of 2008, and many of those that choose to hesitate are going to end up getting totally wiped out.  In case you are wondering, this is what a financial crisis looks like.  In 2008, other global stock markets started to tumble, then junk bonds began to crash, and finally U.S. stocks followed.  The exact same pattern is playing out again, and the carnage that we have seen so far is just the tip of the iceberg.

Since the end of 2009, a high yield bond ETF that I watch very closely known as JNK has been trading in a range between 36 and 42.  I have been waiting all this time for it to dip below 35, because I knew that would be a sign that the next major financial crisis was imminent.

In September, it closed as low as 35.33 at one point, but that was not the signal that I was looking for.  Finally, early last week JNK broke below 35 for the very first time since the last financial crisis, and since then it has just kept on falling.  As I write this, JNK has plummeted all the way to 33.42, and Bloomberg is reporting that many bond managers “are predicting more carnage for high-yield investors”…

Top bond managers are predicting more carnage for high-yield investors amid a market rout that forced at least three credit funds in the past week to wind down.

Lucidus Capital Partners, a high-yield fund founded in 2009 by former employees of Bruce Kovner’s Caxton Associates, said Monday it has liquidated its entire portfolio and plans to return the $900 million it has under management to investors next month. Funds run by Third Avenue Management and Stone Lion Capital Partners have stopped returning cash to investors, after clients sought to pull too much money.

When it says that those firms “have stopped returning cash to investors”, what that means is that many of those investors will be lucky to get pennies on the dollar when it is all said and done.

Like I said, now that the crisis has started, the ones that are going to lose the most are those that hesitate.

And just check out some of the very big names that are “warning of more high-yield trouble ahead”

Scott Minerd, global chief investment officer at Guggenheim Partners, predicts 10 percent to 15 percent of junk bond funds may face high withdrawals as more investors worry about getting their money back. He joins money managers Jeffrey GundlachCarl Icahn, Bill Gross and Wilbur Ross in warning of more high-yield trouble ahead.

In this type of environment, the Federal Reserve would have to be completely insane to raise interest rates.

Unfortunately, that appears to be exactly what is going to happen.

If the Fed raises rates, that is going to make corporate debt defaults even more likely and will almost certainly drive high-yield bonds down even further…

Higher rates could make corporate bond defaults more likely and investors are already bailing out of the sector, pulling $3.8 billion out of high-yield funds in the week ended December 9, the biggest move in 15 weeks. The effective yield on U.S. junk bonds is now 17 percent, the highest level in five years, according to Bank of America Merrill Lynch data.

A whole host of prominent names are warning that the Fed is about to make a tragic mistake.  One of them is James Rickards

“The Fed should have raised interest rates in 2010 and 2011 and if they did that they would actually be in a position to cut them today,” said James Rickards, a central bank critic and chief global strategist at West Shore Funds. “The Fed is on the brink of committing a historic blunder that may rank with the mistakes it made in 1927 and 1929. By raising into weakness, they will likely cause a recession.”

In 2015, we have already seen stocks crash all over the globe.  Coming into December, more than half of the 93 largest stock market indexes in the world were down more than 10 percent year to date, and some of them were down by as much as 30 or 40 percent.  At this point, conditions are absolutely perfect for a frightening collapse of U.S. markets, and the Federal Reserve is about to pour gasoline on to the fire.

Anyone that says that “nothing is happening” is either completely misinformed or is totally crazy.

I like how James Howard Kunstler summarized what we are currently facing…

Equities barfed nearly four percent just last week, credit is crumbling (nobody wants to lend), junk bonds are tanking (as defaults loom), currencies all around the world are crashing, hedge funds can’t give investors their money back, “liquidity” is AWOL (no buyers for janky securities), commodities are in freefall, oil is going so deep into the sub-basement of value that the industry may never recover, international trade is evaporating, the president is doing everything possible in Syria to start World War Three, and the monster called globalism is lying in its coffin with a stake pointed over its heart.

The financial markets held together far longer than many people thought that they would, but now they are finally coming apart at the seams.

Moving forward, the “winners” are going to be the people that pull their money out the fastest.  This is especially true for high risk funds like the three that just imploded.  If you hesitate, you could end up losing everything.

And as this rush for the exits accelerates, sellers are going to greatly outnumber buyers, and this is going to push prices down at a very rapid pace.  We are going to hear a lot about a “lack of liquidity” in the days ahead, but the truth is that what we will really be looking at is a good old-fashioned panic.

  • RTL89

    Gregory Mannarino posted a video today saying that the FED just accelerated the printing of money today. Is this another “accounting trick” that they are using to combat the rate hike on Wednesday? This is really bad!

    • Guest

      I watched that video after dinner this evening, and I’m not really sure what Greg is talking about.

      • Creepy Pedro

        Hes wrong. ISIS and all the war is coming talk nonsense….he should stick to trading. There wont be a rate hike btw.

        • ML

          You sure know a lot, maybe you should do your own talk show and write analysis of the matter at hand if you know more than those who actually produce something of real value and worth.

          • Creepy Pedro

            ROFL what does mannarino produce other than speculative youtube videos?

        • Dale Klan

          Well…you missed that prediction. For the record, I think Mannarino has it right.

          • Creepy Pedro

            he is right about what? He changed his mind this week after years of saying there wouldnt be a rate hike lol

  • CASTIEL

    we are to many people to a world full of technology were machines replace men….for example remember the 20s and how many people were needed to an assembly line of a ford T? How many people are needed to contruct a ford in our days??? machines do all the work…and that we see in almost every factory…if people dont have jobs…or bad paid jobs they dont buy….and also the games that banks,elites do for they own greed leading to the destruction of economy that just increases the avalanche….we are reaching the limit

    • Steeve Girard

      That happens in a world of cavemans. We got a crapload of tools and gimmicks. But we have not evolved socially sufficiently to follow the rhythm of development. We are outdated as we are, in the way we organize as a society.

      • CASTIEL

        I agree with you….but i think people with all this technology became even more stupid….ancient principiles and ideals died and give place to sloppiness and naivety in the end a bunch of sheeps.

    • Siempre Mañana

      You are correct. That is why I work on machines for a living. Secure work. Fairly easy work. Good compensation for the work.

  • Jazz

    $35 JNK Debunked: October 3, 2011 JNK was at 34.09 below your $35 magic level. The stock market didn’t crash then nor will it this time around. The junk bond market will not impact stocks this time around either.

  • Guest

    A 25 basis point increase in the Fed Funds Rate is not going to help savers. Retirees used to live on Social Security and the interest income on their savings. For the past seven years anyone with significant savings has been robbed.

    Interest rates cannot get back to “normal” with the way things are now. There is just too much debt. It’s going to take a reset of the financial system for things to ever get back to “normal.”

    • Steeve Girard

      Guess what, there will be no reset, because like in the Spaceballs movie that button is out of order. They gonna run this system until total breaking.

      • True Grit

        And then it will reset?

        • Rorschach

          Yes or by means of another event such as a black swan event or world war. It won’t take much to push this system into a reset stage. We already are in a pre-collapse/stage stage and war is right around the corner.

        • SunnyFlaSnotress

          Perhaps

    • jadan

      “Reset” you say? How about replacement? The privately owned Fed is the cause. End the Fed.

      • Bill G Wilminton NC

        You got it……………well said.

      • afchief

        Exactly!!! End the Fed!!!

        • GSOB

          Yes Sir

      • Priszilla

        And you think a state owned fed is better, where politicians decide on money printing, like Mugabe?

        • jadan

          Yes, much better if under democratic control. Depends on how you design the system. But if you don’t have any use for government, no way, no how, there’s no hope…..

          • Priszilla

            What do you mean by democratic? 30% of US voters bother to vote. 50% of them voted for the ruling party. Which means 15% of eligible voters.
            About 80% of the population is eligible to vote. So, 12% of the population decide about the chief muppet, aka president.

            And that’s democratic?

        • Joltin Joe

          You realize every dollar printed has debt attached currently right? Why is the government paying a private banking cartel to print money when it has the power to print money?

    • Bill G Wilminton NC

      Well said………………….

    • Mike Smithy

      Perhaps when President Zero leaves office he can continue his war on elderly pensioners by creating a joint venture with Jamie Diamond et al. They could call it Lucifer Capital Partners LLC.

      • Opiner

        I believe you mean Congress Zero. The President does not make the laws.

        • retired22

          You haven’t heard?
          That’s all in the past!

          • Michael Cooke

            Apparently “Opiner” was

            A: under a rock

            B: under Manchelle’s dress staring at “her” balls

            C: busy carrying Barry’s water

            for the last couple of years and doesn’t remember the “I’ve got my pen and my phone” moment.

            But just for “gits and shiggles,” let’s go over a few of the greatest hits, shall we?

            1. The DREAM act.

            2. Implementing Common Core national standards through strings-attached waivers from the No Child Left Behind Act.

            3. Amending Obamacare’s employer mandate, providing an unauthorized subsidy to congressional staff, and encouraging state insurance commissioners not to enforce certain requirements.

            4. Circumventing the Senate’s duty to provide advice and consent on appointments and instead making “recess” appointments in violation of Article II, Section 2 of the Constitution when the Senate was actually in session.

          • Mike Smithy

            Bingo.

          • Opiner

            Could you please assign the executive order numbers to them so I may review. If they were not executive orders, then Congress sent them to the President. You can look up all recent executive orders online for the past number of decades. I would like to know which you are referencing.
            Thanks

          • Mike Smithy

            There is no constitutional provision nor statute that explicitly permits executive orders. The term executive power Article II, Section 1, Clause 1 of the Constitution, refers to the title of President as the executive. He is instructed therein by the declaration “take Care that the Laws be faithfully executed” made in Article II, Section 3, Clause 5 or face impeachment.

          • Opiner

            In addition, if these were passed by Congress then it was by a Republican led majority as they have had control of the Senate since Nov 2014 and the House since Nov 2010. They probably will have control of Congress until 2022. Republicans also have the majority control of the State Legislatures and Governorships. My question is… why haven’t there been more Republican agenda Bills been sent to Obama? President Obama has not had to veto many.

          • Gay Veteran

            because republicans = democrats

          • Creepy Pedro

            Trump = Hilary with a worse wig

          • GSOB

            Hey….
            I was wondering…
            Which candidate you esteem highly for the next POTUS?

        • Mike Smithy

          What are you talking about? He’s got a pen and a phone that subverts the Constitution and the will of the people.

          • Opiner

            Please Google and learn about the powers of the president. Google “presidential powers”.

          • Mike Smithy

            Tell it to Obama and the lame Congress that lets him get away with it.

      • retired22

        What do you want from the Jews?
        The name is Jamie Dimon, not Diamond!
        Dimon is from a Greek background!

        • Mike Smithy

          Not all Jews are evil. Mark Levin had it right when he suggested that we are now living in a post constitutional republic.

          • retired22

            Mike,I was only fooling around.
            Just a play on words! I didn’t believe that you were attacking Jews.

          • jsmith

            That’s correct Mike, only a minority of Jewish International Banksters like the Rothschild’s supported by the Rockefellers and zionazis and neocons that are causing havoc in his country. But I’m afraid that just like in Germany in the 30’s there will be a backlash against the average Jewish citizen’s that are equally hurt by the Federal reserve and its policies. I think we are witnessing a repeat of the 1930’s and anti-semitism will grow.

          • GSOB

            Make sure that you are not a voice to fan it into flame.

    • Philosopher

      This year the cost for Medicare went up but there was no COLA for people on SS or receiving veterans benefits which means they lost money. Of course Federal Employees got a 1.5 COLA.

    • SunnyFlaSnotress

      Well, I don’t think that most people that bought into housing within 10 years of the crash are that much better either. While housing has made a valiant show of itself still looks years upon years off its highs around here. So unless they bought it at the depth and prospered, it’s likely still a loss.

    • Gay Veteran

      the Feds kept the interest rates low in order to inflate the value of the crap loans on the books of the Big Banks

  • Steeve Girard

    Get your mops, brooms, buckets and shovels, boys… it’s clean-up time!

  • Siempre Mañana

    Jazz, I saw you posted that JNK was at 34.09 on October 3, 2011 and your comment was immediately removed.

    So, what does that you tell you about Michael’s sincerity.

    • Guest

      Anyone with an elementary knowledge of the spanish language knows that you’re the same troll who used to post that silly countdown on every new article. The fact that you keep creating Disqus accounts with different usernames proves that you’re a troll.

      • Siempre Mañana

        Man, nothing can get past you, can it?

        • Guest

          Please spare me your condescending drivel.

    • Guest

      By the way, “Jazz” is wrong. I just looked up the 10-year history of JNK, and it never closed below 35 in 2011.

      Maybe “Jazz” is just another one of your troll names.

      • Siempre Mañana

        Guest,
        1) You are correct. JNK closed at 35.65 on October 3, 2011. Jazz was not correct.

        2) I am not jazz I an the one and only Siempre Manana.

        • Jazz

          Look at the low on October 3 2011. It went into the $34s that day.

          • Jazz

            Sorry it was Oct 4, 2011. I had been looking at the whole month of Oct 2011. Jnk hit an intraday low of $34.09 that day.

          • Siempre Mañana

            You are 100% correct. $34.09 low on 10/4/2011. No wonder you got your comment removed. 😉

          • Jazz

            Si señor! Los trolls siguen tratando de silenciarnos

          • Siempre Mañana

            I know. I am determined to not let that happen until January 1st.

          • Rorschach

            Funny how the troll attempts to present himself as being intelligent. This Jazz character is anything but intelligent.

          • Recovery

            KQFHWKJNf,smn vdk.jgaNSDR L/MA,.JH A DAHEA AERTUJ AEYHEARTJA R GHFDAZJSAR54W JSTD DJYTDS HJYTXZS YTRUJZYSAJFRTA UJH

          • Guest

            Jazz, Good research! However, it was actually October 4th 2011 that JNK dipped below $35. It had a low for the day at $34.09

          • Alwaystomorrow

            Actuality Jazz corrected his misake, but Michael selectively deleted comments to make Jazz look incorrect. That should give you a little insite into Mike’s true intentions.

        • ding

          Always tomorrow…welcome back.

          • Siempre Mañana

            Gracias. Es bueno estar de vuelta.

    • Steeve Girard

      Jazz is the kind of guy who rarely gets things right, and when he does, it’s only half right. I would not trust him as a source.

  • WOW…My Date still stands…Check my older comment. I said it …December 18 is the day when it all begins. The Force is real…Even the new star wars movie is titled ..The Force Awakens. .This force is still among us…WAKE UP

    People are really asleep. They think Star Wars is a mere movie..Its timing of december 18th is for a reason….

    • Creepy Pedro

      Why the 18th

    • gfmucci

      Yes, spill…why the 18th?

    • Ron

      This user’s activity is private

    • K2

      :)

    • J.L.W

      Options expiry?

  • Midwest Values

    Greenspan and Bernanke were reckless.

  • jimmney

    Stocks were up today so I guess that this big fear mongering crash talk is just talk…as usual.

    • For My Liberty

      Did you even PAY attention to what happens right before a crash? Stocks swing….because the Feds are desperately trying to prop them up…

      • classic

        Do u even pay attention to all the wrong predictions on this blog?

        • Rorschach

          Do you pay attention to the facts and information presented by the author or are you simply trying to selectively disprove the author.

  • recovery

    The economy is brilliant. So many people are now working and learning to pay their bills on time. So many full time jobs available and so many people are earning six figure salaries. The Christmas season is blooming and so many people are happily spending their money.

    The American dream is alive and kicking. This economy will get even better in the new year.

    • ML

      I don’t understand the point of these types of comments. Are you being sarcastic, underhanded? It may be funny, or even amusing, or maybe you are even being serious, but it’s frankly just a waste of space.

      • Jacynthia Read

        They are trolls trying to get your goat. Just ignore them.

      • retired22

        So are you!,
        regardless of what Mommy & Daddy told you.

    • Bill G Wilminton NC

      Sorry for the bucket of cold water….WRONG.

    • dave

      paid govt troll

    • Watchman

      Hey recovery aka odfsih welcome back. Nobody missed you now you can crawl back into that troll hole.

    • retired22

      When are you going into the ‘Home’ for recovery?

    • Rorschach

      If by American dream you mean 23% unemployment with a $211 Trillion fiscal gap and annual inflation if calculated by 1980’s figures of ~10% then sure. Then again considering you are the same odfsih account arguing with you is pointless as you just troll the comment section.

    • bigskygrl

      So easy to spot a troll. They spew out outlandish lies to stir up turmoil but never respond directly to any rebuffs with factual information. They just say the same thing in a different way a dozen comments down. Must be a desparate or extremely boring existence.

    • Recovery

      your a$$ smells, beeyitch.

      • SunnyFlaSnotress

        Everyone’s a$$ smells.. What, yours doesn’t stink?

        • Malcolm Reynolds

          Been sniffing butts have you. Butt sniffer. LOL.

        • merrileerj

          Lord you are sick. Get thee behind me Satan!!

    • MaxRockatansky33

      You forgot your meds?

  • recovery

    So many people are now very happy with the way the economy is. America is coming back to life after the 2008 recession and so many homes are now being bought. The Fed is going to raise interest rates and so many companies are now hiring again.

    People out there making 6 figure salaries and enjoying the American Dream. You people need to stop complaing and start earning. If people are making 6 figure salaries then there is no economic depression. Grow up. The economy is better than it ever was and it brings a tear to my eye.

    America is the greatest nation on Earth.

    • FortuneSeek3rz

      America has the greatest economy in the world. It is practically bullet proof. The Federal Reserve is more powerful than most would want to admit. There is no economic storm the U.S. cannot overcome. Only a full scale invasion will bring down America and that’s not happening anytime soon.

      • Bill G Wilminton NC

        Wrong and The Federal Reserve is not Federal nor a Reserve. It is a corrupt cabal of International bankers.
        The U.S. is in debt to the world.
        We are in trouble…big time.

        • FortuneSeek3rz

          The rest of the world is in debt to each other. Economies are judge relative to their peers, not based on some pie-in-the-sky ideology.

          • Bill G Wilminton NC

            That is a great system of BS……so if I get cancer I will base my health level in regards to the cancer prognosis of others. So as long as there is one person worse off than I…….I am not doing that bad.
            A NWO finacial theory to get all countries in debt.

      • GK

        Unfortunately, you may be eating those words soon… Mainly because there won’t be anything else to eat. There will be a total invasion of this nation in several years, but our economy will collapse long before that. The most intelligent enemies attack fiercely once their prey has been totally weakened. Sadly, Russia, China or even ISIS will not be what weakens us the most… just our own moral depravity.

      • Tired

        We are under a full scale invasion now. A state police officer told me that if you get across the border- they now load you on a commercial bus and send you wherever you want.

        • Rorschach

          Check out southland-tales and the inter-state visa that was put into effect after the false flag.

      • J.L.W

        How do you explain August 21?

    • For My Liberty

      You’re and IDIOT, and I HOPE you have invested everything you have …..so when you lose it, you realize just how STUPID you are!!!

      • donwosborne

        You tell’em Liberty Gal….but you know you’re wasting your time trying to fix ‘stupid’.

        • Rorschach

          Can’t fix stupid or a troll either.

          • donwosborne

            They DO run in packs, don’t they?

          • Rorschach

            They sure do. A perfect match for each other. Trolls haven’t answered the question and that is if the economy is doing as great as they say why do they put all that effort into trolling and trying to disprove.

      • Kevin Holmes

        hey no calling names bigot

    • Bill G Wilminton NC

      The USA had the strongest middle class in the world at about 62% of the population. Now the middle class is at about 42%.
      The stock market is not a reflection of the financial health of our country MAIN STREET IS and main street is getting flattened.
      Yes some people are doing well but many many are not……..even those that appear to be doing well many are on credit cards.
      Cars are bought on 7 year payment books with no money down, yup we are back to that.
      America was the greatest nation on earth, no more.

      • GSOB

        Inflation.

        • Bill G Wilminton NC

          Janet yellen is full of Bull and has a script…….a little cancer is good too.

          MSM is controlled by the same people who control Obama and all the presidents before him. The bogey man.

          • GSOB

            To a degree, I will agree
            Not totally.

      • J.L.W

        The richest of these buying fallout shelters.

        • Bill G Wilminton NC

          Pray for the Rapture……Jesus Is Coming Soon.
          Shalom

          • J.L.W

            Or extra terrestrial beings of his same power. (or greater)

            Considering the entity heavily referenced in the bible considered himself one with all beings that sort of explanation isn’t out of likelihood.

          • Bill G Wilminton NC

            No such thing as ETs these beings are real but THEY are demons. And they are getting ready for the Great Deception. If you are Biblical you may understand, if not, you may think that I am smoking some good stuff lol.

            Satan has the control of the first heaven given to him by Adam when he and Eve sinned by eating the fruit of the forbidden tree.

            Read your Bible……..its all real.

            Shalom

          • J.L.W

            I can only LOL to that.

          • Bill G Wilminton NC

            I understand… but as an example….
            you also do not know of quantum physics digital simulation……..if you knew what I knew your hair would curl haha if you have any.

            This world is not as it seems we are in the temporal world ( people die ) the real is the next or the spiritual ( no one comes back from ).

            We live in a 4 dimensional world length width height and one of time. But scientists have proven that there are 10 dimensions which includes two of time.

            Now put your sleeping cap on and get under the covers…..lol check the closet for an ET. BOO

          • J.L.W

            Nope. The theories adding up to 10 dimensions was based on the work of an Indian Mystic called ‘Srinivasa ramanujan’ Who thought there were 8 or 24 ‘dimensions’. ‘Scientists’ if they can be called that later came along and added 2 dimensions to both of those because they wanted the ‘strings’ to vibrate. (In fact the extra two places are taken by emotional energy).

            There are 8 densities. We are in the third.

          • Bill G Wilminton NC

            I dont read Indian mystics work….and I dont like cobras.

          • J.L.W

            Therefore, that’s where your knowledge ends.

          • Bill G Wilminton NC

            Thats right………..thank goodness

          • J.L.W

            We have three dimensions of space and one dimension of time here. On the ‘other side’ we have one dimension of space and three dimensions of time.

          • Bill G Wilminton NC

            I missed the last train to the other side……..so I am not up to snuff.

          • J.L.W

            And evidence wise, people do come back from the spiritual worlds. Evidence, like hypnosis and other things.

          • Bill G Wilminton NC

            Oh my goodness…. I am signing off…..going to feed my cobra and do some chants………

          • J.L.W

            ET’s come in both polarities. Good and bad.

          • Bill G Wilminton NC

            Yes but what people think are ETs UFOs are demons. Lots to know I research all areas Biblically based I am a researcher not a nut case lol well my wife says maybe a little bit nuts but I tell her I wasnt nuts before i got married…………LOL

          • J.L.W

            Yes, i can guarantee my research and knowledge in this area eclipses yours.

            Although the positive entities are less showy they are still fundamentally extra terrestrial.

            There are also breakaway civilisations that identify themselves as ET’s sometimes.

          • GSOB

            Satan was before Adam. Adam did not have anything to give to Satan.

            The Lord God Almighty cursed Satan.

            Jesus destroyed Satan’s rule over man.

            The Lord God provided animal skins to cloth Adam & Eve.

            He sent them out of the garden. He stationed the cherubim and the flaming sword which turned every direction to guard the way to the tree of life.

          • Bill G Wilminton NC

            Wow thats a lot of words…….

    • disqus_mma68NTtry

      I work for storage facility company I am going to tell you…that you are dead wrong on so many levels. My company is currently owned by the Buffalo Bills. The teams owners wife is the managing principal of a lot of them in the Florida area. When a teams owner has to sell his investments to pay the players salaries due to greed and all the moneys being paid out in exoribant excess and screw the people just trying to get by on a local level. Dear whoever you are…are as a blind as a squirrel to say that Happy Days are here.

    • disqus_mma68NTtry

      If you were one of the aforementioned investors in those retail funds who they said your not getting your money….please do tell me what you would do?

    • dave

      After the last meltdown the feds hired trolls to come on programs like this and spread disinformation. This is an example of the feds paid for troll.

    • Rorschach

      “recovery” is a delusional individual who probably accepts and drinks the kool-aid willingly. I can’t believe you posted such ridiculous troll scripted words.

    • Recovery

      your ball$ smell.

  • CharlesH

    This may not make any sense, I’m not sure. If you have an entire financial system that is totally dependent on a lousy 0.25% interest rate rise then I believe you have a system that needs to be done away with and completely start over. When it’s this fragile, you’ll be lurching from one crises to the next and time periods will become shorter and shorter until the whole thing explodes – or implodes depending on your own perspective. THIS current system can’t be fixed – it’s totally broken. Damn. It’s not like any of us haven’t been warned either – Michael has been doing a fantastic job by writing his blogs and informing the American public. I wish everyone the best.

    • FortuneSeek3rz

      It’s not the financial system really, it’s all the alarmists that are making a huge deal out of nothing. The American economy is unsinkable, but people are just petrified of that truth.

      • Bill G Wilminton NC

        Wish that was true………..sure do.

        • Jacynthia Read

          Me, too.

      • Barry Goldwater

        Only a simpleton could possibly believe your statements since she was already sunk just 7 years ago. Our Band Aid professors in Washington just got out their paint buckets and whitewashed the rot for while which brings us back to the present day. You were saying ?

      • Yep, a little bit like the Titanic…

      • Jacynthia Read

        Nothing is unsinkable. History proves that.

        • Philosopher

          Look at the fall of Rome. The farmers left their land and let it lie fallow. Why? The cost of farming versus the cost of paying taxes as a Roman citizen became intolerable. That is what I call the ultimate “opt out” when you leave your farm and move to another area or country.

        • mike

          Yeah, the Bismark was unsinkable also.

          • GSOB

            The difference should be noted and not snuffed out….
            Thanks for the opportunity…..
            the difference is who designed it and for what purpose…
            If you are wise, you will never snuff out the knowledge of difference.

        • JustBill

          The Ark was unsinkable.

        • FortuneSeek3rz

          There’s a difference between a recession and a “collapse”. Not many on this board knows that.

          • Horiboyable .

            What we are witnessing is the collapse of the western socialists system. Too many takers and not enough makers. They have to keep changing the pension age to stop you from claiming, the NHS never solve in sickness you have but just keep loading you up with pain killers until you can not take anymore pain. You want to see what passes as a teacher at my local state school. You must remember that politicians don’t care about your economic hardships because they are only interested in power.
            The USA is collapsing just like Rome. Who said history never repeats. What is so ironic its for the exact same reasons. A standing Army which is very expensive and a bunch of bent politicians feathering their own nests. You know you are done when the debase the currency.

      • watchmannonthewall

        Got a kick out of your comment! David Wilkerson was inspired to write a book in 1998 titled, “America’s last Call: On the Brink of a Financial Holocaust” by a cartoon in a NY city newspaper showing the Titanic leaving port. The ship was renamed “The U.S. Economy” and the caption above it read, “Not even God can sink this ship!” He said “God is aout to crush this abominable mindset.” I believe he was entirely correct!

        Guess what? God is sinking this economic/financial ship and it is going down faster and faster. Like I’ve said in other spots; we have refused to repent for our sin as a nation, but rather glory in them, export them, and the ramifications are being felt as the foundations are crumbling in nearly every area of our country. Within 5 years we will be a third world country, just like I wrote to our Senators when they were debating the $700B 2008 bailout package. They should have let the corporations and banks go bankrupt along with all those who were greedy.

        Our nation will be totally different in 5 years. Count on it. It won’t be throwing its weight around any more but other nations will be throwing us around instead. It has only been 7 years since it began actively imploding and the ripples of its sinking financial world empire have been moving ever closer to the center, the U.S. itself. Our allies have realized they can’t count on its continuance and have been making plans to go into a different system, behind the scenes, for at least the last 5 years. One day we will wake up and the whole world will be entirely different! How is your ark coming along?

        • Rick

          We’ve been actively imploding since Clinton/bush, and 911. The people just chose to hear the lies, believe the company line, and not seek the the truth. Your piece is well written and I couldn’t agree more. China was just admitted to them elite group of countries that control the world’s currency, and by next October will be actively, no longer subversively seeking to end the dollar. They have followers now, and gold backing. We have little of each. It shall be I interesting. In 2016, stay off the streets, stay out of debt, stay in church, and stay armed!

        • pbt777

          I don’t believe God is or will be responsible for any collapse we may encounter, and yes we are headed there. I do agree it is because we’ve become a godless society. When you walk away from God, bad things happens. God’s judgment is reserved for the time of antichrist, not now. Nor was it God’s wrath with 9/11. We’ve brought it all on ourselves. How can al Qaeda or ISIS be God’s judgment when the US government created them? When we read in Luke 2:14 and a common Christmas time scripture verse, “Peace on earth, good will toward man,” you look around and haven’t seen peace since Christ’s birth. What the verse means is that God has made peace with man through Christ. God no longer has to use a heavy stick like in the Old Covenant to keep man in line and to save him from eternity in hell. Christ has accomplished everything at the cross. You want to be protected from all the evil that is coming, and it is coming? I think you can see that by just looking around us, turn to Jesus and accept Him as your Lord and Savior. Find yourself a good Bible based church (not an easy task, since much of the church is corrupted as well) and just trust God!

          • Chaos no

            I believe christians will see a part of the tribulation period and will see who the a-c is. I dont think just because people are christians that it makes them exempt from persecution or death during that time. People will be tested for their faith. Ofcourse most christians disagree with my stand on this because they cant accept the fact that they might have to suffer or die for God. I think it will further separate who is real and whos playing church. I dont know how you feel but this is what I know to be true. I wont argue with anyone about it, especially on these types of blogs and will not respond to anyone who wants to do so.

          • GSOB

            Hello Chaos.
            If we are engaged with our Lord in our walk, having the eyes of our mind opened and filled with the knowledge of the Word, empowered by fellowship with Him….
            we are the light of the world and the salt of the earth..
            the enemy don’t like that kind of salt, I hope you understand.
            The more you see, the more is the temptation to turn away and become useless, to be trampled over by men of this world, the ungodly…
            The life of every beloved one is so precious the Lord and He will bring each one to glory…
            The chains that bind you serve only to remind you that they’ll dropt powerless behind you when you Praise Him.

          • GSOB

            Wow… you said a lot.

            The one thing that stands out most in all I read what you said….

            “God no longer has to use a heavy stick like in the Old Covenant to keep man in line and to save him from eternity in hell.”
            What is it referring to.. “heavy stick”?

          • pbt777

            The “heavy stick” reference was just an analogy for God’s punishment of the Israelites throughout the Old Testament. It was God who allowed them to be taken into Egypt, Assyria and Babylon. It was God’s punishment that flooded the earth. It was God’s punishment for them to walk in the desert for 40 years in circles before entering the promised land, etc…, etc…. It was God’s punishment for sin. He no longer has to punish man to keep him from sin. He now has peace with man. It is up to us now to look toward Christ. Christ is our “get out of jail free” card; just accept Him as your Lord and Savior. When we accept Christ, we are freed from the punishment due, which is eternal death. Does that mean there isn’t a punishment coming? No, certainly not! Those who reject Christ will be punished when the tribulation occurs. That is the next time God’s wrath will appear. I think those like Jonathan Cahn have some very good views in reference to prophetic events, but I vehemently disagree with the belief that God’s wrath is what’s been causing the demise of the USA and world for that matter. God’s wrath is reserved for the tribulation. It is the consequence from sin that is now causing the world’s turmoil. And to your reference about antichrist already coming; be careful with that one. Don’t be like the those of the ten virgin parable who were not ready for the bridegroom. Antichrist has come in many forms in the past. There certainly is a duality of prophetic events that occurs, but the major antichrist that Satan will totally inhabit has NOT come just yet. However, I am a pre-trib believer, who believes we will be gone by that time. Also however, I am not naïve enough to believe that my knowledge and understanding is perfect. If our focus is on Christ totally, through the Holy Spirit He will correct our understanding when needed. Believe me, I know, He has certainly opened my eyes in the past to things I thought in my own human perception were doctrinal, yet I was made aware of my human error.

          • GSOB

            Antichrist has come and gone…
            Don’t waste your time looking for that person.
            Christ paid the price with His blood ONLY FOR THE ELECT.

          • watchmannonthewall

            The only 2 differences between the Old Covenant and the New is that, a) the Holy Spirit has been given to WATER the seed of the Word of God in your heart (which is found in the OT as Jesus stated in the parable regarding the seed and the soil and He also said we must worship God in Spirit and in Truth (the Word of God- i.e., the OT)), and b) the blood of Yeshua/Jesus is an eternal sacrifice which has “washed” away our sin rather than simply “covering” it. This disctinction is seen in the Hebrew text language of the OT though God reponded to Israel as if the sin was fully washed away. The promises made to Abraham are still valid, they are eternal, as is the requirement to obey God, which was a condition God gave to Abraham in Genesis 17:1-2, and as Paul tells us in Galatians 3:15-19, which was written well after Jesus died and rose and ascended. (See also Romans 9:3-8, Ephesians 2:11-13) In Galatians, Paul even tells us the Abrahamic covenant was continued or re-ratified at Sinai. It was NOT a new covenant different than that given to Abraham (See also Exodus 6:2-8), despite what the Church teaches. The Church is messed up!!!
            Point two: Though present day Christianity teaches the Law has passed away, 50 years ago this wasn’t the common doctrine and if you read our Constitution you will see the Founding Fathers incorporated numerous elements of the OT Law into it, indicating they did not believe, at that time, accept this new, yet recycled, doctrine either. It is a relatively new doctrine, the last 100 years in the Ivy League Schools first where most of the seminary teaching material originated, that has been recycled throughout the history of God’s people. Paul said “Jesus is the end of the Law for righteousness sake.” and this is often used as proof the Law has passed away. The problem with this position is the word translated as “end” is the Greek word “teleos” and it means, according, to Strong’s, “goal, result”, i.e., the life of Jesus is what our lives would look like as a “result” of living out the Law perfectly under the direction of the Holy Spirit, which is why He was given to us as a Helper. Jesus’ example is the “goal” we are to shoot for in our own walk with God and others and He lived out the Law perfectly or He could not be our acceptable sacrifice to the Father for your and my sin.
            Last, as to ISIS being a tool of God’s against His people, God’s Word says “I will be a Father to him and he will be a son to Me: when he commits iniquity, I will chasten him with the rod of men and the strokes of the son of men.” (2 Sam. 7:14) God uses mankind to correct and discipline those who belong to Him. The writer of Hebrews wrote, “For whom the LORD loves He disciplines and he scourses (ouch!) EVERY son whom He receives.” This was written decades after Jesus died and rose again. Most Christians believe God will not discipline his people today because Jesus did away with that (some even claim He did away with “sin”, today). The reasonable conclusion to this is that we should not discipline our children as proof of our love for them, right? Does that make any sense? The Church is messed up!!!
            The Great Tribulation is also called “the Time of Jacob’s Trouble”. Jacob is the father of the 13 tribes of Israel, not just the tribe of Judah as some seem to forget as they claim the Great Tribulation ended in 70 AD with the dispersion of the Jews from Jerusalem. The scattering of the tribes was first prophesied by God to Jacob before he even had any children, in Genesis 28:14. God already knew we were not going to obey Him and so He would have to discipline us by scattering us. There is a world wide persecution coming to sift God’s people as to whether they will decide to obey or not. ISIS is only the leading edge of this and I believe (I am not prophesying) it will be a movement that is eventually crushed and then we will see the anti-chirst whom many will embrace since he led the destruction of ISIS and supposedly brings peace to the earth. This is still sometime from now.

        • GSOB

          My health club has a transsexual locker room. Wasn’t like that a year ago.
          Wishing to go back just that far, you’d be considered a modern day prude.
          It’s in the air.
          It’s out there.
          Ever had the same sex as you seduce you?
          I have.
          Makes me foolishly wonder, why we still need the locker rooms. Will it stop the moral disintegration?

          • watchmannonthewall

            I have been approached a few times, and no I have had had no interest. I am not offended by this, it is a fact of life. Also worked with many in the Army and other places and never had a problem with any of them.

            I think we are too far down the road to stop the moral disintegration(?). We are going to be, and in some cases are, living in a time and culture just like that during the days of Lot. Peter said Lot “vexed his soul” at the things going on around him. God’s mark, the inkhorn, is put on the forehead of those who morn due to the sins taking place around them. That is what we are to do and not compromise, assimilate, to the culture of the day.

            But it is not my place to judge them, condemn them, as Paul said in 1 Corinthians 5:12-13, “For what have I to do with judging outsiders? Do you not judge those who are within the Church? But those who are outside, God judges. Remove that wicked man from among yourselves.” Paul said we are to quarantine from among us the one who claims to belong to God but persists in walking in sin, transgressing God’s Law. As said before, God is not going to deal with the “world” when His own people are walking in rebellion to Him. We need to get straight first.

            My message is to those who claim to belong to Jesus/God and then refuse to do the things He said we are to do. This is what brings judgement upon us, God’s people, and He will not stand up for us when we are rebeling! I don’t like judgement/discipline. At times it brings death and other times much pain. I want those who claim to belong to God to act like it, in protection of my children and grandchildren!!

          • merrileerj

            Awesome. Amen. I will try.

          • GSOB

            You said a lot, touching a lot of rabbit trails,…
            Here is the reason for the season.

            Jesus came to remove my sin so that I may be freed from it’s power and live to Him.
            He loved me first, so I will never be in the worst for it. Before or after.

            Apart from His power, before or after regeneration, sin seeks to conquer us, but we need to learn to stand and walk.
            If we say we have no sin, the truth is not in us. We lie. But if we confess our sins, He is faithful and just to forgive us.
            If we walk in the light as He is in the Light, we have fellowship with another and the blood cleanses us from all sin.
            Christ came to lift humanity from sin.
            He is the only solution.
            You know that.
            The rapture = resurrection
            When He returns… it’s over…
            that is,
            It’s over.

          • CASTIEL

            We must avoid sin….we live in a decaying world not because people dont confess their sins to God…but yes because they have no principiles…honour….they are selfish….and weak….the strongest ones no matter how mutch they take they always stick to their ideals..in the end only the strongest of heart will survive, and this pathetic society will be terminated.

      • 2573366

        You’re a child.

      • Creepy Pedro

        never imply “never”, rookie

      • Rorschach

        The American economy is unsinkable? You must be living in another world. If you realize that even a .25bps rate hike is to the American economy and just how fragile it is maybe you might wake up and smell the coffee one day.

      • Rick

        What is truth? Is global warming truth? And if it is not, then are you and the rest of the middle class American people ready to pony up hundreds of billions of dollars to Al gore and his ilk in order to offset some fake carbon footprint? It coming… This is just one extreme example, there are many others that are costing us much more than money. Each false flag chips away at our liberties. Are these events also truth, or are the “conspiracy theorist” broadcasting truth? I’m ringing the alarms, and hopefully it is over nothing. But it’s better to be a watchman on the wall and warn people, than to know something and not tell. What others do with the warnings is none of my business, and is up to them, my obligations are fulfilled. Please consider the alarms wisely.

        • jsmith

          Rick, I’m with you. You don’t know how many times I have been called a goof by family members, or an alarmist and the best one yet “John, you have been reading too many crazy web sites, don’t you know they can write whatever they want to alarm people,” and no matter what I tell them that okay fine, but what about when you have former congressmen like Ron Paul, or former assistant secretary of the treasury Paul Craig Roberts, or David Walker warning us of peril ahead, they just think I’m Chicken Little. And not just family members that I’m warning, I’m talking about accountants and professional that have more money to lose than me. Figure!

          • Rick

            John, the next time anyone tells you “these sites can print anything they want to alarm you”, point them to this particular piece of legislation which was repealed July 2, 2013:
            How many of you ever heard of the Smith Mundt act? Probably not too many. Well the long and short of it was that… for fear that the Government might use coordinated propaganda over the air waves to influence people, the Smith Mundt act was put in place to make it illegal for the Government to create agenda driven “lies” to push the people towards believing what the Government wanted them to believe.
            Now why would our government repeal it unless they didn’t intend on using lies and propaganda against the people? Obviously they would not want to do something illegal, so instead they just declared it legal.
            Keep up the good fight!

      • Joltin Joe

        Wow, you’re a dumbass or a government shill, in either case, I feel bad for you. Ignorance is NOT bliss sometimes

      • fourtunecookiecrumble

        You seriously got your a$$ handed to you by watchmann. How’s it feel to be the class idiot? Can you please keep commenting with your drivel so I can watch you get verbally lacerated? The only thing petrified is your head. But prove us all wrong with another fantastic observation!!!!!!!

        • FortuneSeek3rz

          Hey, the “dollar is dying” crowd has regurgiated so many narratives they can no longer objectively look at data. That’s a problem only an alarmist could love.

      • chilller

        Cummon people….this guy is just trying to get a rise out out of you. Put him on ignore like SunnyFla….don’t answer to stupidity…

      • Mr. Jameson

        You’re an idiot, really.

      • FortuneSeek3rz

        Hey guys, look at that. A rate hike and the stock market didn’t tank. Next party line response please….

        • J.L.W

          Slamming the VIX like a baby seal.

          Lovely times!

    • Some College

      It’s not that a .25% increase will cause stress to the credit markets. It’s the fact that the fed at some point won’t be able to make money cheap enough. At some point, even 0% money will be too expensive.

      • fwalker2016

        The issue is more the velocity of money than the aggregate supply. Continue with college, you’ll likely learn that.

        • Some College

          “Velocity of money” has more to do with the mechanism(s) that transmit money. There are problems with these mechanisms as well. But why would one worry about how fast their car is, if gas is really hard to get, and costs $10 a gallon?

          • GSOB

            mechanisms that transmit money….
            How about dubious schemes in a fiat currency world?

        • GSOB

          They control the velocity of much, including money.

          They instill fear to get it circulating, to what end?

          To keep it going.

          Deflation is what is being avoided.
          Notice how low the unemployment rate is.

          It is what it is.
          Each moment a memory in flight.

        • Some College

          Oh, BTW…….Asshole!

      • itscoming

        NIRP

        • Mike Smithy

          Yes. We are already in the NIRP zone when you consider nominal rates of inflation in which the FED says doesn’t exist. The FED is owned by big banks, which are globalist owned. Globalists are done with USSA, moved all assets over to Asia. Time to implode USSA, which they’ve been doing for years. The people should never assume that the FED is interested in saving or improving Amerika. They aren’t. Ron Paul was right when he said “END THE FED”.

      • J.L.W

        Complicated subject.

        But I don’t imagine corporate buybacks will be functioning too well in the next few months.

      • dave

        only collapse coming is to Michaels blog. Tptb simply smarter. Rate increase market up! Any reply Michael?

        • bigskygrl

          Yah, give it 24 hours.

    • retired22

      It was a very defective shell game from the very beginning,100’s of years ago!
      Like every other con game it is unnatural & burns itself out! It has run out of time!

      • GSOB

        There is time still.

    • SunnyFlaSnotress

      Quibbling about .25% IS pretty pathetic, but I’m not as fatalistically negative as you about the economy.
      Of course the markets are going to have to “prove their point” after the interest is raised.. but that’s a self-fulfilling prophecy.
      Michael and his bandwagon are overplayed DJs. Nonetheless, I like to know where the partys are at, and Michael has a more interesting mix of records than most.

      • GSOB

        so true… we ain’t seen nothing yet….

        18.63 percent on Oct. 9, 1981, the highest rate ever recorded.

      • Malcolm Reynolds

        I’m not as fatalistically negative as you about the economy.
        That’s easy when you’re low info. You’re of better use on your back.

        • SunnyFlaSnotress

          Swinish Malcom, one never rests with you around. I notice that your take on the interest rate has been missing.. or did I not scroll enough among the lowest rated posts.
          Either contribute or shut your yap.

          • Malcolm Reynolds

            I notice that your take on the interest rate has been missing..

            My take is it will VERY temporarily provide a very small bump and will do nothing in the long run.

            Now please enlighten us what your johns have told you to think about it amid shuffling thru their cash for fives…. At least you can buy mouthwash for the trouble.

            Either contribute or shut your yap
            Silly strumpet, considering you’ve contributed nothing…ever, you might wanna ease down on talking like that. moron.

          • SunnyFlaSnotress

            Look MalcolmXLaxofHisMouth, I work in ECommerce.. that way I dont go anywhere nears unsavory men like you.
            Your take on interest rates is vapid and of minimalist content amidst your other spewing.

          • Malcolm Reynolds

            I work in ECommerce.. that way I dont go anywhere nears unsavory men like you.

            and yet, you still insist on prostituting yourself to that other buffoon, always.

            Your take on interest rates is vapid and of minimalist content amidst your other spewing.
            Man, you sure do have a take on how everybody is wrong, but you have yet to EVER specify why, or how you’re so much more enlightened. You got something dribbling down your chin….

          • SunnyFlaSnotress

            I’m not here to enlighten you.. because that’s impossible. My comment was directed to the sentient beings on the board.. not you.
            I never said everybody else is wrong.. I only said your comment is vapid, as in vacuous and bereft of merit.

          • Malcolm Reynolds

            I‘m not here to CANT enlighten you.. because that’s impossible. as you keep saying and I repeatedly prove, I’m low info.

            FIFY

          • Mick J

            You tell’em Malcomb…..err….Malcome…..err Malcolmb…. Lol…..

          • Mick J

            You spelled Malcolm’s name wrong. I mention this because Malcolms around the world get irritated when you leave out an ‘L’ or add an ‘E’ or a ‘B’. I know this to be true as I am a Malcolm, MICK is just a nick-name. So get it right PALY!! Why I’ll…….and I’ll…….

      • AzDi

        Are you watching the market now?????

    • Steeve Girard

      Wow I did not expect they would actually raise the rate. +.25%… almost nothing, so I wasn’t too far from the truth. They are afraid to run it to the roof. That hike will be just enough though to encourage commodities to fall a little bit more. I think we might be able to get 32USD a barrel with this.

    • Mondobeyondo

      The warning bells have been going off for at least the past 3 decades. Nobody listened.
      The fire bell went off in 2000 with the dot-com bubble burst. Nobody listened.
      The Eternal Inferno practically froze over in 2008. People listened, and after a few months resumed the status quo. Flip those homes. Take out those mortgages.
      What’s it gonna take this time? Tornado sirens? Atomic bomb blast? Are we going to see another stock market bubble and housing bubble in 2019?
      NO. We are NOT.

  • ali

    Growth—–prosperity —–Excess ——Greed——bubble——recession——–depression ——collapse—–war——RESET.
    Which stage of the cycle are we at?

    • FortuneSeek3rz

      America hasn’t had a war on its on soil since the civil war. I’d say that’s a good track record and a terrific reason to be optimistic for the future. Greed, however, is a component of all civilization. It is not unique to the U.S.

      • ali

        Yes but one cannot expect to put the whole neighbourhood on fire and expect that his home will be safe no matter what it is made of. America has been involved in all the major wars around the globe and at some point or the other it will be inevitable to avoid one at its own soil.

    • Bill G Wilminton NC

      Slow motion financial avalanche with different sides/parts of mountain collapsing….. not the entire mountain at once…..but the final result will be the same…the mountain will be flattened.

    • Rorschach

      Depression was already passed post-2007/2008. We are simply in the pre-collapse and war stage of the cycle.

  • Richie Phillips

    So if you’re in the market, and it’s a race to the exit-where are you putting that money to retain your wealth? And how are you are to offer an investor the potential for gain with an event that will hypothetically occur in the future? Thx for the article Michael.

    • Bill G Wilminton NC

      This is the debacle result of the New World Order where do you retain your wealth…….I hate to say this but I think NOWHERE…..our country along with our wealth must come down to accomplish THEIR GOAL and if you look at the present conditions I would say that THEY have done a pretty good job. Coming soon one world gov, one world religion, one world economy. Tyranny to tyranny in 230 years…….

      • Steeve Girard

        Wow! That was well said +1

    • Jacynthia Read

      We are buying land, in specific, a small farm along with farm animals, several out buildings, and food. Some of our money is in gold and silver, too.

    • Philosopher

      Well that is the $68,000 question, ain’t it?

  • Powers Beyond Imagination

    Meanwhile celebrations are in order as big business leaders light their cigars to officially commence a one world corporate government.
    Hopefully, their cigars (like everything else) are made in China and will have a firecracker in it.

    • Philosopher

      Or are laced with melamine or a similar toxic substance.

  • Wrong

    If there is any doubt that This blog’s author knows he was wrong about issuing his “Red Alert” in June, one need only look at how he is deleting comments from the only person who is holding him to account for his words. He hopes everyone would have forgotten by now that he issued this alert because nothing has happened as indicated in that post. This is another indication he is only doing this for the money it generates, not to actually inform people of anything. And I know this comment will get deleted. It was written for you Michael. We know what you are up to.

    • Rorschach

      You must be Alwaystomorrow’s another account. As your previous account has been deleted and banned you can expect the same.

    • Concerned Citizen

      I agree with you 110%. His alarmist fear mongering is a great source of income. Look at all the vendors that peddle all the survival gear that dominate this website. That’s what this is all about.

  • Powers Beyond Imagination

    You are Wrong for obvious reasons and not just by name.
    Open your eyes, clear your thoughts and remove the stuffing from your ears and between them.

  • Some College

    We entered a deflation back in 2007. The resulting crash occurred in 2008. The powers that be have been trying to spur inflation for 7 years ever since. But we are still at 0.0 – .25% on the fed funds rate. Our financial system only works if you have an ever increasing rate of new credit creation. This is only possible if future money and credit are continually getting cheaper. Deflation occurs when money and credit can no longer be made “cheaper”. We are seeing the return of deflation because new money and credit isn’t being created fast enough. In this environment, an interest rate of 0% could be theoretically too expensive. This is because future dollars will become more scarce. Exponential curves have a way of terminating this way. Now we face the deflationary feedback loop, otherwise known as a depression.

    • Steeve Girard

      Dude you got part of the correct answer, but that’s not it. The deflation already hit basic commodities, so then why aren’t other products follow the deflation curve? The answer is taxation. They try to hold their prices edifices, by increasing the taxes at product transformation levels, especially the first transformation which is critical.

  • YELLEN ? more like a WIMPER !!!

  • Steve Hansen

    With a global economy based on debt, we really need to getting things straight. Its about time to start reward those who are responsible and live within their means.

    This “Casino” needs to go down, and stay there – forever!

    Those invested in high risk bonds or stocks should know they are gambling and might loose – just like a regular casino.

    Its gonna be a race to the exit, and a lot of people are gonna loose a lot, but thats just what we need.

    This casino-economy needs to end! And hopefully the FED put that gasoline on the fire thats already have started.

  • Jazz

    Put on your rally caps folks another big up day for the markets. Love seeing the strength and unity as the markets cheer the first hate hike coming this week, a sure sign that our economy has come a long way from the Great Recession!

    • Rorschach

      Definitely a troll account this Jazz is. So how many of your predictions have been right Jazz or are you only showing up on days where there is panic buying?

      • Jazz

        Lmao! Been predicting new highs since the markets bottomed out in Aug. said 2015 would be very similar to 2011 and so far I have been 100% correct!

        • Rorschach

          That’s not according to many posters and your predictions. Then again you only hear what you want to hear so why should I bother with you?

    • Recovery

      HAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHA!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

      YOUR BALL$ ARE FILTHY FUC@#$%!!!!!!!!!!!!!

    • MaxRockatansky33

      Rich get richier, poor get poorer and the middle class shrinks. No need to rally.

  • chris

    Since the stock market since at least 2009 doesn’t reflect the real economy, as this blog keeps saying, why should the real economy be that bothered whether shares go down a bit or a lot?

    ‘and the monster called globalism is lying in its coffin with a stake pointed over its heart.’

    That’s would be good news wouldn’t it?!

    • retired22

      No one knows,…there are so many Black Swans floating around,each one could yield multiple outcomes.
      One thing is for sure,our Society is very sick & like a sick person needs surgery,which has a chance of being fatal.Our society need to go in for surgery which may be dangerous,…but without the surgery it has no chance for survival!

      • Maddog

        The surgery is repentance. Our country has killed God so there is no chance of repentance and therefore no surgery. Nothing but heavy payment is in Americas future.

        • hillbillybobo

          So where was god in our government when they slaughtered the indians?

          Just wondering.

          I guess god must have backed them cause they were all christian like and and dem indians were a bunch a heathen degenerates.

          But don’t worry we sure showed them, when we took their youngins and put them in those boarding schools to christianize em with the rod and them fine ole’ christian teachers rods to…if you get my drift.

          That sure showed em. Yeah haw!

          • Maddog

            You been smoking to much gongy.

          • Jerry C

            What about your concern when indians were slaughtering other indians long before the white man? But if its the white man, damn him to hell!

          • Maddog

            Liberalism is a mental disorder that is exasperated in most cases by extensive drug use. Arguing is pointless due to the limited mental function of the libtard. I just think of them as cannon fodder when TSHTF.

          • hillbillybobo

            That is an illogical statement. Of course it is wrong. The indians were not bragging about getting divine intervention that helped them prosper.

            Since you are under a great delusion about how things actually work in the world and get done here you go:

            People in the USA brag about how friggin great this country is and how it was blessed by god and how god gave us what we have. The reality is that blood, power, cruelty, violence, racism, etc gave the US what it has today. NOT god. It was never god. Ever.

            So if christians would STOP lying about how this country was founded and how they have divine protection I will stop posting the truth and the facts about the real reason the US has enjoyed prosperity at the expense of other.

  • SunnyFlaSnotress

    That’s what a financial crisis looks like? I thought it was Alice Cooper or Chrissy Hines!

    • Maddog

      12/25/15 03:00 am est

      • SunnyFlaSnotress

        The markets will be closed then.

        • Maddog

          The market will react, it won’t be the cause. Too many sheeple love money so they are looking for economic collapse as catalyst for the nightmare that’s just around the corner. I believe pampered Americans are very shortly going to see what animals humans beings really are as much of the world is already witnessing and enduring.

          • Steeve Girard

            Dude you are speaking my language!

  • Roni

    ML, maybe it doesn’t matter to you, but regardless, God still uses even your willingness to comment on Michael’s post. I’ve been lurking here a long time, quietly reading and absorbing. But that article you just shared, answered some of the questions I’ve had as I wrestle with all of this and for that, I am very grateful.

  • Rick

    My questions would be, if we are going to see a “good old fashioned panic”, how long before it hits Main Street banks? And how long before we see runs there like we saw in Greece? Then how long before panic turns to violence? Then how long before we are under Marshall Law?

  • GoldenGirl

    Well, that was an interesting article. Thanks for the link.

  • same ole same ole

    Stocks up today. Guess traders are not worried about what the fed has planned to do (or not do) by the end of the week. And the world keeps on going, all the while the doomers predictions are still wrong, wrong, wrong. Never fear little M, looks like from the comments the money will continue to flow for you in 2015….Ha Ha Ha.

    • Jacynthia Read

      That is exactly what the people of Greece said, and look at them now. You cannot continue to charge, charge, charge without ever paying down on the principal and not go bust. The laws of economics forbid it.

      • charles

        We are not Greece. So no worries here. You need to get your head outta this blog and move on with your life in 2016. It is not gonna happen. Not in your lifetime anyway.

        • Maddog

          Good luck with that outlook.

          • charles

            Ruff ruff. Bad doogie. Wanna scooby snack?

          • Maddog

            Already got a crapload of Scooby snacks stashed away. I would share as the good book says, but nice sheeple like hillbillybobo has convinced me to trip all you sheeple when the zombies start chasing. Sorry its just what this new disgusting world has created. I know gaia will save ‘ol hillbillybobo maybe he’ll share. You know, peace and love and all that hippie crap.

          • what he said

            Your bible commands you to turn the other check 77 times or some odd number and not to recompense evil with evil. So your attitude is not according to the one whom you profess to believe in and whom you believe will give you eternal life upon death.

          • Maddog

            Actually it says “an eye for an eye”. Although I never said anything about it being “my” bible. I live by the golden role in the new ungodly America, “Do unto others as they do unto you and with any luck before they do”.

          • what he said

            Yes eye for an eye. Turn the other cheek. Just many of the contradictions contained in the b-i-b-l-e. Your motto seems alright by me. Perhaps if more people lived by this motto there would not be as many as–oles in the world.

          • Maddog

            Bother, think about it. The motto is the reason for the toilet the world has become. I just no longer give a s*it and am more than happy to promote the immoral direction of the progressives to hasten the inevitable collapse. Lets get this crap going.

          • GSOB

            Bad theology

          • Jerry C

            That would be 70×7. If you’re going to quote God’s Word, try understanding it first. God bless you.

        • Jacynthia Read

          Don’t bet the farm on it.

  • Allan Elliott

    The Dow is up and sentiment still seems good. So no one cares and nothing is going to happen. At least not yet.

    It’s when all the debt can’t be repaid is when the alarms will sound.

  • Isaac

    Well, Michael, it seems you were right about issuing the red alert for the rest of the year.

    • tiny

      Are you for real? Or are you just pulling everyone’s legs with sarcasm. Please say it is just sarcasm.

      • Maddog

        The whole economy is fake and there are absolutely no numbers you can quote because they are all lies. In addition the media reports on nothing of value and when they are forced to acknowledge any “real” news they lie by omission on every account. These facts alone indicate a major event is coming as soon as they finish setting up an environment to ensure complete chaos and collapse. Force the sheep to beg for their solutions. From the ashes they will install complete control of the masses.

        • Steeve Girard

          Money is as real as the media it is on. Precious metals being the most real, and electronic money being the most phoney.

  • Sandbagger

    Reminds me of the “It’s A Wonderful Life” scene of the bank run. Lack of liquidity, indeed!

  • Sandbagger

    Quoting Lindsay Williams:

    “Before the last day of December, mark my words, you are going to see the catastropic events that the Elite have said they are going to do.”

    Raising the rate will qualify if it creates a huge collapse event.

    • Fraudsters Sell Doom

      Lindsey Williams is a fraud. He is NEVER right

      • Fear Mongers R’ Us Productions

        Lindsay William is the elitist whisperer. He knows all and doom and gloom is coming as soon as tomorrow. If it doesn’t come tomorrow wait another day. If it doesn’t come that day, keep waiting. Buy his new DVD and you will get all the answers on what his elitist friends say you need to do before tomorrow. It also has a 34 step plan on how to make sure you don’t lose any sleep and spend another $49 on his next URGENT DVD.

  • David

    apparently people won’t wake up to how bad our economy really is until the stock market takes a major crap.

  • merrileerj

    What in the world made the oil stocks rally this afternoon? It’s so confusing. I’ve never owned a stock in my life, maybe that’s why but would love an answer. Wish this blog told me when someone did…

    • Jacynthia Read

      Oil is rising on the speculation of war.

      • Bill G Wilminton NC

        Good call…….one gold star…….Thanks

  • Chao no

    FTSE MIB up 766 points. The DAX is up 311 points yet the thought of a Fed increase will crush foreign markets. Yeah right!!!

  • Chaos no

    FTSE MIB up 766 points. DAX up 311 points. If the Feds rate hike is suppose to spook foreign markets, its not working.

    • Steeve Girard

      That because there will not be a hike… they will either maintain status quo or reduce more. It’s a correction in reverse, it will most likely not last,

    • Fear Mongers R’ Us Productions

      Just wait the apocalypse is starting. Just buy our new DVD and we will teach you how to survive the economic collapse. It may not look like anything is wrong, but that is because we haven’t yet brainwashed you into believing it’s all falling apart. Just watch our DVDs for 2-3 days straight and you will see the same patterns as our other doom n’ gloomers. Act in the next 24 hours and a free collectible piece of the hale bopp comet.

      • Maddog

        Obama has created the illusive utopia. Go have fun, drink, watch football and Kardashie’s round a** grace your TV screen.

        • Fear Mongers R’ Us

          We have a DVD for that “Watch Out for the Illumanti and Obama, the AntiChrist”. It is chock filled with an evacuation plan, how to build a bomb shelter, 12 kinds of meat preservation techniques, how to create geothermal energy sources with a milk bottle and two flashlights, and a whole lot more. Act now and get magic beans to save you from the dollar collapse. No more fiat? you’ve got beans!

          • Maddog

            I give. I got prepping to do. I promise to trip you when the zombies come.

  • crisis spotter

    funny..but a financial crisis sure looks like any other day…..

    • Steeve Girard

      Retails might still massively close if Christmas/Yule sales are abysmal… like the last big sale they made. (Black Friday)

  • crisis spotter

    I wonder what will come first santa or this end of times crisis micheals been shoveling…. maybe its time for a alex jones red alert….

    • Maddog

      Please list at least 3 indicators that show the economy is in great shape and there is nothing to be concerned about. Be advised I will attempt to counter any data.

    • Bill G Wilminton NC

      It is a world wide slow motion FINANCIAL AVALANCHE with some part of the mountain today another part tomorrow etc etc. The USA is collapsing and the measuring stick is the middle class which is being wiped out. The wealth/health of a nation is main street and all those little businesses and shops are gone.
      It used to be that a man could make any amount of money that he wanted. He had a full time job WITH BENEFITS and then worked somewhere else for the extra income. As a young man I remember the HELP WANTED signs everywhere and everyone worked, paid cash for cars, had little houses that were being paid off……….but this was when we were a country.

      • Maddog

        There are a few of us that remember this and still have the cahonnies to say it. The rest have been turned into metrosexuals and are happy to live on their knees.

        • Jacynthia Read

          I remember it, too. And those little houses, called starter homes by some, were keep clean and neat. I grew up in a 1000 square foot house. We did just fine and never thought of ourselves as wanting in anything.

          • Bill G Wilminton NC

            In my youth those little houses were our castles, and the used cars ( paid for ) were the family limos……. my weekend uniform white P F flyer sneakers, bluejeans, white Tshirt, white socks and off to the playground til lunch time. No cell phones, i phones, and no predators at the p ground, just basketball, stickball hopscotch and if you were younger just wait/hope to get picked. Ha ha what a great youth time and……. get home before the street lites came on lol.
            No air conditioning just sleep on the porch and ride in the limo lol with the little vent window open haha better than AC.

          • Maddog

            How did the world change into the cesspool its become when most people I know grew just as you describe?

      • Fear Mongers R’ Us Productions

        You must buy our DVDs on the New World Order immediately. It will start after the Fed meeting tomorrow. You must act now to protect yourselves. We of little faith. Buy our books and DVDs today or you will fall for the devil’s schemes. Buy now – 3 for 1 special!

        • Maddog

          Please do not prepare for any chaos.

          • Fear Mongers R’ Us Productions

            We have lots of DVDs and books to help you survive the upcoming chaos that starts as soon as tomorrow. We may have to postpone the day of reckoning because Lindsay Williams says the elite just texted him and they want to wait a “few more months”. Buy our DVDs to get the full details… Act in the next 24hrs and get an autographed trinket from Harold Camping (signed on his death bed).

          • Bill G Wilminton NC

            toot toot tooooot

        • Bill G Wilminton NC

          Please IMMEDIATELY notify the 100,000 that are out of the workforce !

          And to be fair the 3 for 1 special should go to those 48 million on food stamps.

        • Bill G Wilminton NC

          Toot toot toot

  • halfkidding

    Forget bonds, stocks are the ultimate store of value. Well that is the idea, the model, that is being tried out. When stocks become the ultimate store of value then corporations will finally have achieved the pinnacle.

    After all even corporate bonds prices cannot be easily defended. Stock prices however can be easily defended, and inflated. Bonds, debt, it’s all so 19th century. Welcome to the new age, the new world order. The logical conclusion of all those joint stock companies that funded the settling of what is now America.

    I suppose one more giant stock market washout could occur so that the corporate giants could become non public corporations owned by private equity.

  • Barry Goldwater

    In an article on Marketwatch today former Fed Chief Bernanke illustrates why he thinks the Fed should add negative rates to it’s arsenal of tools. It’s a very timely article considering we’re about to launch a one and done rate increase if that. Most Americans have insisted they will never have to pay the bank to deposit their funds and that at least a pittance rate will be paid. Guess again ! Things are about to change.

  • Fear Mongers R’ Us Productions

    My true warriors are here to sell you DVDs, books, and doom and gloom pamphlets to you silly little sheep who fall for it. Come and buy, buy, buy before the big bad wolf blows down your house and steals your soul.

    Just watch our DVDs and life will be good again…

    My mighty crew includes:
    Bo “phony” Plony
    Harry “going to hell in a hand basket” Dent
    Lindsay “Elitist Whisperer” Williams
    Peter Schiff “hits the fan”

    Limited supplies, buy now!

    • Maddog

      May the curse of a thousand flees attack your pubic hairs.

      • Fear Mongers R’ Us Productions

        We have a DVD for that. “The Upcoming Curse of the Pubic Hair Fleas”. It covers the pandemic swarm of fleas that are heading to America along with 7 harbingers and 8 steps to protect you from the flea crisis. Act now and get a free EMP helmet. It will protect your brain during an EMP attack. Offer limited to 2,143 homes.

        • Maddog

          Quick, I’ll give you that.

          • Bill G Wilminton NC

            Mr Maddog,

            Fart Mongers R Us say nothing use no FACTS just FARTS

            When people are this dumb that is the only way they debate just FAAARRRRRTS……….

          • Bill G Wilminton NC

            Mr Maddog
            Facts take Research…….Farts take Air
            Thats why so quick. lol

        • Bill G Wilminton NC

          MORE FARTS
          from FART MONGERS R Us

          • Rorschach

            Bill don’t mind that troll he is probably one of the countless trolls that either had his comment deleted or had previously been banned.

          • Bill G Wilminton NC

            Mr Rorschach thanks for the note…..

          • Rorschach

            Np. They are easy to spot and identify.

      • GSOB

        That’s funny.

    • Bill G Wilminton NC

      100 million Americans out of work and 48 million Americans on food stamps.

      And you make jokes about selling DVDs and Big Bad Wolf’.

      Our country is in a collapse… moral, spiritual, financial and you make jokes.

      Because you make lite of the situation does not put one person to work nor take one person of food stamps.

    • Bill G Wilminton NC

      While the FARTS last……limited supply

  • Bill G Wilminton NC

    To Fear Mongers R Us Productions……..

    100 million Americans not in the workforce and 48 million Americans on food stamps. These are not silly little sheep but Americans……….These are the facts…………….

  • Andrayes

    Pray to Jesus Christ. Jesus save us, this is all the homosexuals’ fault! Please keep America white. Oh please!

    • Bill G Wilminton NC

      Contact…. Fear Mongers R Us Productions I’m sure that they have a DVD just for you.

  • ejhr

    “Raising into weakness’ But Jim, that’s what is needed1 We have to clear away all this hidden banking stuff, get it out of the system. So, FRB: Onward ! Go for it!

    • Bill G Wilminton NC

      Read ” The Creature from Jekyl Island ” by G Edward Griffin all about origin of The Fed Reserve

      Thanks for sharing

      • ejhr

        I have looked at G.Edward Griffin’s lecture
        “Super Rich are in a Conspiracy to Rule the World” but I don’t know about your link.

  • Troll Headquarters

    This must be the Bill G blog. He has an opinion about everything. We award Bill the head troll of the week award!

    • Bill G Wilminton NC

      Contact:
      Fear Monger R US Productions for TROLL protection DVD.

  • Frank

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

    Published 6/25/2015.

    15 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.”

    • JustBill

      Welcome back! I guess there isn’t more fund things to do while you’re spending the holiday season in Florida with the wife.

      • Rorschach

        He’s just waiting to get his comment deleted and banned again. You know he is desperate when he keeps on posting over and over like a little spoiled brat who couldn’t get what he wanted and now throws a tantrum.

  • Martin

    Every time the share market attempts to decline based on poor fundamentals, the buy the dips crew and the PPT rush in to save the day. Then those who sold the day before panic and buy back in. The only lesson 2008 taught investors is that no matter how bad the fundamentals get, they will always be bailed out by taxpayers and loose monetary policy. I keep waiting for some semblance of rationality to dawn on investors but their disconnection from reality widens by the day. I guess good luck to them. They are making money while I sit on the sidelines waiting for the game to change.

  • Jazz

    Another big up day today folks! Put on your rally hats. We are ready for liftoff and fireworks. We are inching our way toward fresh new highs. This bull market still has some legs. Get up and go go go. Today is a day to celebrate. Fed hike will signal the US is still the most sound economy in the world. Go USA!

    • Rorschach

      I think you have had a bit too much fluoride to drink lately. The US is still the most sound economy? Have you seen the fiscal gap, real unemployment figures, shadowstats inflation figures, debt to gdp. If you say that it is still the most sound economy then you prove you are a troll account.

      • Jazz

        What country(s) have better economies?

        • Rorschach

          Isn’t it obvious or are you so blinded by your own ignorance that “Murika” is #1?

          • Jazz

            LMAO. Yeah still waiting for your list of countries that are more sound. Hmmm crickets!

          • Rorschach

            Sorry but I don’t feed the troll here. If you can’t be bothered to see how obvious it is then the only crickets are the same ones that are chirping in your empty mind.

          • Jazz

            Coward. Can’t even provide data because it doesn’t support your “theory”. LMAO. When you want to talk like a grown up, get back to me.

          • Rorschach

            Says the very same “grown up” that hides behind multiple other accounts. So how much are you being paid per handle or is that all pro-bono as well?

          • J.L.W

            Russia has audited their gold reserves (Everyone knows China has a lot of gold) whereas the US hasn’t and is largely believed to not hold as much as it claims.

        • MaxRockatansky33

          Better? You mean more bloated and on steroids?

      • GoldenGirl

        Sound? No. But sound in comparison to the rest of the world? Yes. And this is why the market will climb. (Capital continues to flow into US = rates continue to rise = asset inflation = rise in the stock market = more interest rate hikes.) The Fed will raise rates, it has no choice.

        • Jazz

          Exactly! I purposely said “most sound” not “was sound”. It is all relative. You have the formula correct! U.S. markets will go MUCH higher not so much because of our economy, but because of capital flows.

          • Rorschach

            So Jazz what happened to Zimbabwe’s monetary liquidity and expansion and what happened with Weimar Germany?

          • Jazz

            LMAO. You are so foolish in your comparisons. Did those countries hold “reserve status”? I feel like I am communicating with a high school kid. Go read your history books then come back for a real discussion.

          • Rorschach

            I am here for a real discussion. You are here to troll. Do you see the difference or is there crickets there again in that empty hollow peanut sized mind of yours?

          • GoldenGirl

            Neither of those countries had the bond market depth of the US (something miscalculated by the goldbugs (hyperinflation) and the Fed in all the QE). Very different situations.

          • GoldenGirl

            Yes, I did catch that! You do know, don’t you, that when this all happens you will be hated and mocked even more.

          • Jazz

            Yeah they can’t handle the truth. I keep making money on these strategies. So let them mock all they want while I keep making profits.

          • Rorschach

            GoldenGirl do you have anything to add other than worshipping Jazz who happens to be your other troll co-worker?

          • GoldenGirl

            Do you call anyone who disagrees with you a troll? Just because I agree with someone’s assessment does not mean that I worship that person. I did add to the conversation with a very simple explanation as to why the market will go up. Sorry if you were being so judgmental that you missed that.

          • Rorschach

            No I don’t call anyone who disagrees with me a troll but it’s quite obvious who is a troll and who isn’t. What about the Jazz worshiping you do of a well known troll? Have you ever stopped to think why he is so hated or do you just blindly follow like a dumbed down ‘Merikan sheeple.

          • Jazz

            They hate me because the truth hurts. If you actually read my comments and did some thinking for yourself, you might see hey Jazz is onto something! Just because you hate America doesn’t make me any less right! 😉

          • Rorschach

            The truth is what you only want to listen to and to hear Jazz (and millions other handles). Jazz you aren’t onto something and if you think I hate America because I am American you are a delusional little peanut brain sized troll. You suffer from littleman syndrome.

          • GoldenGirl

            Peace to you Rorschach. Time will tell who has a better understanding of our current economic situation.

          • Jazz

            I think someone needs to start reading Martin Armstrong. This guy has no clue on how capital flows and the crisis of government works. It is tough to educate the ignorant. They “know it all”.

          • Rorschach

            I am well informed but thanks for confirming that you are an ignorant sheeple who thinks highly of himself due to the trolling that you do daily.

          • Jazz

            Says the person trolling me who can’t even provide data to confirm his viewpoint. Yeah okay. I’m done chatting with you because you clearly are clueless and just here to argue (classic definition of a troll). Your comments add no value other than laughs for us who understand finances.

          • Rorschach

            Good that you are done chatting with me. You couldn’t provide anything of value or substance to add. You just merely confirmed that. As for who has the laughs here I think everybody is laughing when you say you “understand finances”. By the way it is spelled “understand finance” but your peanut sized brain wouldn’t understand that now would it?

          • GoldenGirl

            It is that ‘know it all’ attitude that betrays them. Open minded people do not behave in the way that Rorschach does. He things that only his interpretation of the ink blots is correct and insults anyone who disagrees. Very telling tactic.

          • Jazz

            Yeah exactly! It’s like arguing with a liberal or an atheist. Present facts and data and they still “know it all”.

          • Rorschach

            If by your meaning facts and data you mean official government figures you are just a waste of a human being.

          • Rorschach

            Very telling tactic is when one associates with known trolls and then uses character insults and attacks. But you already factored that in didn’t you Jazz #2 or are you simply the Jazz groupie?

          • GoldenGirl

            Again, you have provided nothing to counter either my or Jazz’s theory. I rest my case.

          • Rorschach

            I thought it’s obvious that I don’t associate or engage in discussion with known trolls or associates of known trolls and shills. If it isn’t obvious you have failed.

          • GoldenGirl

            Ah, but that is what you have done from the beginning. Too late to say that now. Peace, Rorschach.

          • Rorschach

            No thanks. I decline your pitiful surrender and peace.

          • GoldenGirl

            lol ~ also very telling.

          • Rorschach

            As is your support and worshiping of Jazz. But that’s too easy isn’t it?

          • Trolls R’ Us

            Um well it sure looks like you are engaging in discussions with trolls. If you can’t beat em join em? You call em trolls then you make 35 posts to them. Congrats…u have been awarded the “troll of the day” award!

          • Rorschach

            Enjoy your ban and deletion. Don’t let the door hit you on your way out.

        • Rorschach

          You have no idea what you are talking about. Have you factored in what a .25bps increase will have on the current EM crisis? Sounds like you are another troll as well.

          • Jazz

            Here’s a news flash. The markets have ALREADY factored in a rate hike. You really are new at this whole finance thing.

          • Rorschach

            Wow you really are slow to come up with a comeback. You are just another troll who hides behind lies and made up stories.

          • Poorman

            Do you have any other defence than to just keep calling people trolls? For all I know they may be trolls but if so adding some web sties and facts to back up your arguments should shut them up RIGHT?

          • Rorschach

            Yea I have plenty but considering that you call the author and this website fear-mongers why are you even here? Or is it because you are here intentionally to disrupt and to hijack the topic?

          • GoldenGirl

            Who was talking about the EM crisis? The conversation was limited to the stock market. We are in a huge mess, no question. But the market is not going to crash with the raising of rates. The domestic pensions are about to go belly up. The market has already factored in a raise back in June, just as Jazz said awhile back, and the Fed has just bowed to pressure from the IMF and ECB for as long as it possibly can. There is no good choice, but the Fed has created this mess and it has no good way to get out of it.

  • up and away

    Yep! looks like the stocks are gonna soar through the roof today. So much for all the doom and gloom.

    • Rorschach

      So Jazz aka up and away how many other accounts are you going to create out of desperation?

      • Jazz

        Just one. I post under Jazz. That is the only account I need!

        • Rorschach

          If that is what you keep telling yourself.

        • Jazzinmomsbasment

          Jazz, Why post here on this thread, in this forum. Honestly, start an economic recovery blog to counter all the information Michael is putting one here. Why in the world you limit your knowledge to a disqus forum show you are either horrendously stupid or you aren’t sure of the advice you’re giving! Please, start one! I would love to visit that site to post more than I want to post on this one. How many people can we get to encourage you to start your own blog- becasue youve been right about everything so far!!! JAZZ!! JAZZ!!!! JAZZ!!!!!!! Do it or answer my question. If you don’t, you’re a fraud-and I’m saying this from the vantage point that you are right about what you post. DO IT YOU OLD MAID!!!!

      • up and away

        What’s the matter Rorschach can’t stand being so wrong, again? Looks like there will be more alerts and fear ramped up for 2016. Yup it’s all going down in 2016.

        In the infamous words of Journey: “Don’t stop believin…”

        • Rorschach

          So how is life in the troll industry these days? You must be underpaid and overworked because of all the lies you need to spread. Or are you simply Alwaystomorrow the same idiot who got his account banned because he was stupid enough to annoy everybody.

          • up and away

            Thanks for the compliments but I am the beginning and the end. The truth and the light.

          • Rorschach

            Keep going into the light. Don’t move away from it. Oh it just turned out to be a semi truck and you were caught like deer staring into headlights.

          • up and away

            Dontcha know I have hundreds of lives and lived them all…You can’t kill me. I exist everywhere.

          • Rorschach

            Your point is? You will just keep on getting banned. If you keep coming back it just goes to show how desperate you are as an individual and what a failure you are in life and in general.

  • Poorman

    The sky is falling the sky is falling. Every other day someone is predicting this crash and has been for the last 20 years. The end of the world was coming in 2000,it was finally here in 2008. The problem seems to be that it never happens and people keep forgetting this and listen to the same folks say over and over that it is imminent. So the market is down 10% in a lot of markets. Guess what, markets go down at times. If they go down its going to crash,if they go up its a bubble LOL none of these pundits have any god damn idea what is going to happen in the future. So some bond funds stopped paying out redemptions.Hmmm maybe they aren’t willing to keep liquidating assets to pay these and are doing it to protect their other investors. I also saw no proof of this happening except this guys word. They market seems to be rallying into this raise right now. Either way we can’t control this so stop paying attention to the fear mongers that want to sell add space on their blogs.

    • Rorschach

      “so stop paying attention to the fear mongers that want to sell add space on their blogs.”

      FREQUENTED COMMUNITIES

      The Economic Collapse

      Yea that says it all right there. Calling the author a fear-monger and yet you frequent this website quite often. Sorry to burst your Stockholm syndrome.

      • sgt.schultz

        wait !!!you mean this isn’t a comedy site…you mean your for real???? hahahahahahahaha
        gotta tell ya…why not frequent this site full of morons ..its the funniest thing on the interwebs

        • Rorschach

          Enjoy the ban. The door has been known to hit you on the way out.

          • sgt,schultz

            hahahahahahaha…please…its a blog ill be back in 10 seconds if you try and ban me…

          • Rorschach

            You really are ignorant. That’s ok you and your ilk run together.

          • sgt.schultz

            your boy micheal needs to come clean…and admit ..theres no collapsehe made big bold predictions ,gave dates and failed miserably

          • Rorschach

            Did you fail school by any chance? That spelling and grammar is horrendous.

          • sgt. schultz

            haha the classic fallback move on the internet when you’ve been owned ..start talking about spelling….when mf’ers are on a end of the world site and this cupcake is gonna pull the spelling card…. god u cant make this stuff up ..hahahahaha….maybe when the end really comes you can sit in yur bunker and have a spelling bee

          • Rorschach

            Yep you can’t make this stuff up because you are. Have you even bothered to read what you posted or are you too busy seeking confirmation bias?

          • sgt.schultz

            ignorant ??? ignorant??? hey pal..wasn’t me sitting here waiting for the great collapse and end of wall st.over a 0.25 % rate hike that was planned and everyone knew was come july……..that was you buddy…pounding away on the internet about the collapse that never came….you wanna talk ignorant? please don’t make me and my bad spelling embarrass you anymore,,

          • Rorschach

            Actually I never said it would be a collapse over 0.25% however seeing as you and your ignorant ilk cannot comprehend I am wasting time with you. If you call this an end of the world website why are you even here or are you simply a child who got access to unsupervised computer and internet access?

          • merrileerj

            sgt Schultz: “I see nutink! I see nutink!”

      • Poorman

        Sorry to burst your bubble but I think this is the first time I have ever been to the site. I was actually directed here from another site when I clicked on a link.

        • Rorschach

          If you want to lie you should do so convincingly. This is not your first time you have been to this site.

          20 Reasons Why All The People That Quit Prepping After September Are Dead Wrong

          Poorman James 2 months ago

          Maybe, but in general they control the money. They control the voting power in the top four banks which control the voting power in those same fortune 500 companies. The Rothschilds started and control the Federal Reserve. Just do a google search.

          ReplyView in discussion

          Poorman Rick 2 months ago

          Rick Actually I do have a daughter and I helped pay for her wedding,key word there is helped. Sad to think that you need to spend money to be loved by your family or that they would think you had a hard heart because you couldn’t afford to pay for things for them.. God bless and hope you have a good future.

          ReplyView in discussion

          Poorman Rick 2 months ago

          Ok so you call a 25,000 wedding with 180 guests practical when you have all this other debt? This is a large part of the problem with people not understanding the difference between needs and wants. Helping your son I understand and also trying to help some others but it sound like you are doing it at the expense of your own future.

          ReplyView in discussion

          Poorman James 2 months ago

          The six families

          ReplyView in discussion

          Poorman guest 2 months ago

          Ok so these people are unemployed. I run an Auto Parts store for a major chain. In the last 3 weeks I have interviewed and hired 4 people. One missed 2 of his first 3 days and left early on the one he did show for. Fired. 2 more need to finish filling out paperwork. When I call to try to schedule them in neither answers their phone,1 has no voicemail set up the other has a full mailbox so I can’t even let them know they are hired and need to fill out paperwork. On our website we recently had to cut out a large part of the application process because people thought having to sped a total of 20 minutes filling out the application was to hard. I get people that show up for interviews in slippers,shorts and flip flops, smelling like they haven’t showered in days, late, wearing T shirts with swear words on them ect.You want to know why there are so many unemployed? A lot of them are unemployable.

          ReplyView in discussion

          Poorman michael 2 months ago

          Many more are using CC to support a lifestyle they can’t afford. If you need to use a CC to buy your food and essentials you should be reevaluating your lifestyle.

          ReplyView in discussion

          Poorman laura m. 2 months ago

          The answer Laura is people can’t separate needs from wants. To some it’s just to much trouble to look for sales,wait to buy till they can afford it. clip coupons ect. They want it now and feel they DESERVE it so they live over their means. I mean who really NEEDS a 700.00 cell phone?

          ReplyView in discussion

          Poorman Rick 2 months ago

          Rick So you are 53 and still have 40K in student loans? You got out of collage what 25 years ago and couldn’t pay them down in that time? I paid off a house in that amount of time. You owe 12 grand in CC debt. What are you doing to pay that down? Unless you had some catastrophic event it sounds like you just don’t know how to manage money. I have a paid for home,3 paid for cars and zero CC debt and have never made more than 50k a year and that only for the last few years. On top of that I live in California which is not a cheap state to live in. You should start looking at needs as opposed to wants and get rid of the wants so you can pay your debts and save some money. I don’t want to be supporting you 10 years from now when you can’t work.

          In September, The UN Launches A Major Sustainable Development Agenda For The Entire Planet
          Poorman
          Poorman Kathy 7 months ago
          I really don’t want to get into this argument but do you really believe that because they caught some of the pedophiles in the catholic church that the raping of children has ended? The pedophiles are just getting better at hiding it and not getting caught.

          • Poorman

            LOL I guess you caught me. I was on the site 2 months ago? Like I remember every site I go on. I was probably directed there from the other site I mentioned that I do axcess on a regular basis. You really need to get a life but either way you are boring me so this is the last reply I will be giving you. Oh and for the record I stated I thought this was the first time I had been here. So F off

  • gilligan

    well its here ..total economic freefall the schmeteh the blood moons the rate hike….its all over….
    the good news….you wont see this collapse you wont see anything at all its another day just like any other…but like the failed lawyer that owns this site this is what a total collapse looks like…..hey not to bad huh?..well with all this secret collapsing going on good thing ya got the freeze dried meals in the basement….cuz all the supermarkets are secretly closed..they just look like there open…oh and the people coming out of the stores? no worries….all crisis actors….

  • Jazz

    Yay! Jazz was right again: “Fed Ends Zero-Rate Era; Signals 4 Quarter-Point 2016 Increases”

    Kim I won the bet. Are you ready to donate to my favorite charity?

    • Rorschach

      Are you so desperate to applaud yourself that you seek out others to laugh at? By the way troll it’s been obvious for a while that they either raise right now or the markets will react negatively.

      • Jazz

        Well Kim bet me they wouldn’t raise rates. Loser donates to the winner’s fav charity. So obviously some people thought the Fed wouldn’t hike.

  • Red Light Special

    Interest rate hike & the world didn’t fall apart? We need a new RED ALERT

    • df NJ

      We need a REDDER ALERT

  • merrileerj

    Many will also stand before God on Judgment Day, after having mocked his existence for all their lives. Praying for all of you who think in shallow terms, such as oh if the country doesn’t collapse after the interest rate raises a bit everyone that says trouble is coming is a liar. So very juvenile. The trouble is already here, it will get worse.

    • Holier than Thou

      Just because someone doesn’t believe an economic collapse is coming soon means they don’t believe in God? That is very juvenile thinking. You are the type of person that gives Christians a bad name.

  • charles

    Stock market still up, even though feds raised rates. Nothing to see for the rest of the year folks. Enjoy the rest of the holidays! Note to self: return all prepper gear bought for non event.

    • Rorschach

      It must be hard living in your ignorant bubble. A federal reserve decision to raise interest rates may not play out right away on the stock market but there will be an impact especially on EM.

    • J.L.W

      Not worried yesterday was a short squeeze?

  • merrileerj

    Dear latest-name-you-post-by, (Holier than thou guest at the moment), I was making a comparison, you could say there is no God because, well, um, where is He? That doesn’t mean He isn’t there on his throne. One day, Judgment Day, we will see He is for real. So it is with this country that has turned its back on God, thus causing alll the turmoil in our economy & world. God is leaving us to our own devices now, especially after saying homosexuals are marriage in God’s eyes….oh that must have angered Him so! We are on our own now, let’s see how we do. Pray.

    • GSOB

      uh…. God leaves some to their own devices…..
      not all.
      Who can resist God’s grace?

  • df NJ

    Gasoline below $1.50 / gallon by April 2016 is a good thing.

  • df NJ

    It’s amazing Gold rally. I’m still betting Gold will be $800/oz by April.

    • Jazz

      Yeah gold should be under $1,000 by now. Many think of it as an inflation hedge but that is false thinking. It is a crisis hedge. However with today marking the 2,474th day of the bull market in stocks, it is now the 3rd longest bull market in history. No crisis and gold sinks like a rock!

      I still own some gold as a crisis could come at any time. However, I’m going to wait until it gets under $1,000/oz to buy more.

      • rentslave

        Wait until the Phillies start winning again before buying gold.The two have moved in tandem since 1975.

  • jungle boy

    wild timez we be livin in. fed gotz it right man. dem raisin rates & we gonna fly. lik mickey d’s imma luvin it

  • Bubba Johnson

    Fed officials said an improved economy was ready for a rate hike, pointing to “solid” consumer spending, a rebounding housing market and stronger business fixed investment. The central bank also took careful note of a healthier labor market in which the unemployment rate has tumbled to 5% — just half as much compared to the early stages of a recovery that began in mid-2009.
    HEE HEE People think preppers are silly.

    • GoldenGirl

      Heaven forbid they should tell people the truth!

      • GSOB

        Truth is so poorly lit.

  • FortuneSeek3rz

    Well, well well…we had an interest rate hike today and look at the market respond. I guess the narrative machine will have to find another reason to be gloomy for 2016.

    • Jazz

      I predicted new highs in US markets by year end.

      1. Nasdaq 100 has already made new highs.

      2. Broader Nasdaq index is just 160 points (3.1%) from a new high.

      3. S&P 500 is just 62 points (2.9%) from a new high.

      4. Dow is just 602 points from a new high (3.3%).

      All are now within striking distance of my prediction. The bull market is alive and well. 2016 should be a little better than 2015 with it being a Presidential election year too. I expect 8-10% from the S&P next year.

      • FortuneSeek3rz

        The attention she gave to inflation was what the markets wanted to hear. Looks like its game on again.

        • Jazz

          Yes exactly! New highs on the way. The uncertainty of will they hike or will they not hike is now behind us so now we can have the traditional “Santa Rally”! Stocks should rise at least 3-4% from current levels by yearend.

      • MaxRockatansky33

        Christmas time. Cheers and merries. In January usually everybody are flat broke after Christmas binge spending.

        • Jazz

          Those of us that have money in December will still have money in January to spend. Those who are in debt and can’t afford to spend in December will still be broke in January. It’s all about money management skills. Spending in America is still robust!

          • Bill G Wilminton NC

            Wrong look at the numbers

      • J.L.W

        FTSE is 18% from high and 5% from low. DAX is 18% from high and 9% from low. Do you think the US will fair well if either of these equities drop?

        • Jazz

          Yes I do. Money will continue to flood the US markets. the weakness in the rest of the world will cause global capital to seek refuge in America. Follow the money.

          • J.L.W

            No one will be buying American after upset in the market because China and Russia have gold, and they have audited their accounts unlike America whom have not audited their gold reserves in forever, despite Armstrongs view gold isn’t a ‘pet rock’. The only reason they hiked the rate was to keep the dollar going, because when it starts to fall it won’t get back up.

    • Bill G Wilminton NC

      It is not narrative it is FACTS…..no one wants to see the markets collapse…..but we need REAL markets without Plunge Protection Teams, and without computer program trading. Markets that cannot be rigged………..

      • FortuneSeek3rz

        The facts have to be tempered with perspective, and that only comes with looking at the big picture. Partial truth is a lie….

        • Bill G Wilminton NC

          The Facts are either truth or lies……does not make a difference from what position you look from……That is an old lie that the result justifies the means. Big picture told the Nazis THEY were in the right…….turn on the gas.

          • FortuneSeek3rz

            No, you can give a fact without telling the whole story. It’s called lying by omission.

          • Bill G Wilminton NC

            HAHA you make me laugh…….go ahead into the showers HEY ADOLPH turn on the gas…
            They omitted something.

          • FortuneSeek3rz

            You make me laugh too Bill. You have a terrific sense of humor.

          • Bill G Wilminton NC

            But these terms you are throwing around are not well versed

          • FortuneSeek3rz

            We all know the U.S. has problems. But there’s no collapse coming, Bill. Sorry.

          • Bill G Wilminton NC

            If you are in the middle class …..it has already come

          • FortuneSeek3rz

            Well, I happen to be in the middle class, and I made last months mortgage. The internet still works too.

          • Bill G Wilminton NC

            The middle class has shrunk from 62 % to 42%……..you do not measure the wealth of a nation by those at the top but by the middle……the other thinking leads to tyranny to tyranny in 230 years

          • FortuneSeek3rz

            Yes, the financial crisis took a bite out of the middle class, but it can grow again. In 2012 gross income in the U.S. was ranked #1 in the world. Which means Americans could stand for some financial discipline after they get their paycheck.

          • Bill G Wilminton NC

            That is a good point….thanks

          • Bill G Wilminton NC

            Good keep it up.

          • Jazz

            It is all about choices. If you cannot afford your home then move. If you cannot make your monthly payments create more income. Too much in debt? Stop spending.

            We Americans, even the middle class, have it MUCH better than 90% of the world. Even the homeless in the US have it better than most third world countries. It is all a matter of perspective.

          • Bill G Wilminton NC

            Many cannot sell as they are underwater. JOBS haha when is the last time u saw a help wanted.

          • Bill G Wilminton NC

            And THEY want to bring us down to that level

          • Bill G Wilminton NC

            For the 100,000 million not in the workforce or the 46 million on foodstamps the collapse is here

          • Bill G Wilminton NC

            What is that weird smell coming out of the shower head……………

        • Bill G Wilminton NC

          Thats right partial truth is a LIE

  • Bill G Wilminton NC

    I have read the missives below stating that ALL IS WELL…the Interest Rates are raised and we had no Stock Market collapse so we are in the clear.

    The fundamentals and basics have not changed…the debt is unpayable, less people in the workforce, less high paying jobs, food stamps, the interest rate is five points below a traditional level of 5 or 6 % etc etc etc.

    The financial avalanche is real and ongoing but this avalanche is slow moving and around the world. The financial leaders (traitors) know what is happening and know it is terminal. They know that we could not pay off the outstanding USA debt of 19 trillion. The traitors just dumped bank debt into the FDIC system so when THEY lose we pay. How bad is that and worse were you even aware ? No !

    So when I read fellow Americans who believe all is well because the Interest rates went up a miniscule amount I say to you “I got a real big and long bridge that I went to sell you” haha lol.

    I thank Michael for having the inner strength to present the truth based on SOLID FACTS . This financial avalanche can come down sooner or later but if not sooner the results will be worse.

    • FortuneSeek3rz

      You have to be mindful of assets and income, not just debt. The US has a sovereign debt of 18.7 trillion dollars but the total value of all national assets is north of 115 trillion. That’s one hell of a debt to asset ratio and dwarfs what many countries are capable of.

      • Bill G Wilminton NC

        The national assets are not pledged to sovereign debt…….but when the debt comes due we may need all national assets AT THE AUCTION

        • FortuneSeek3rz

          The bond market is too healthy for that. After the Fed papered over 4 trillion in distressed assets, the bond market was still quite vibrant. Why? Because other countries believe the U.S. will meet her debt obligations. And the value of these assets is one of the reasons why.

          • Bill G Wilminton NC

            Think of what you are saying… We meet our debt obligations thru our national assets. This is how the mafia takes over once prosperous businesses.

          • FortuneSeek3rz

            A country’s assets is a sign of their prosperity and that triggers confidence. As a results there’s no shortage of international investment in the U.S. not the least of which is through the bond market.

          • Bill G Wilminton NC

            Treasury bonds are our DEBT to ourselves and the world.
            PEOPLES assets is a sign of a countries prosperity.
            North Korea has assets the people have nothing.

          • FortuneSeek3rz

            Yes, and that debt is seen as a promise which in turn is seen as an investment. And to date the US has not defaulted on any of its sovereign debt. North Korea doesn’t have assets worth bragging about. A closed society that is an afterthought in the investment community.

          • Jazz

            Right on! We may have a massive debt problem but we have plenty of assets to fall back on. This is the equivalent of someone borrowing a $ million to buy a home and having $10 million+ sitting in an investment account. I would make that loan any day of the week!

          • Bill G Wilminton NC

            Yes WHAT ? A promise to pay is when IT IS DUE……assets of a nation do not qualify. That is called an Auction

          • FortuneSeek3rz

            Bill, debt is an investment opportunity. I know that’s hard to stomach but its true. It’s been part of the market for many generations. And the U.S. is quite good at paying treasury notes when IT IS DUE.

          • Jazz

            Yes and why money is FLOODING our markets – US dollar, bonds, and stocks. We are good for that promise!

          • Bill G Wilminton NC

            The dollars are starting to come back WE flooded their markets with our printing now it all comes back

          • Jazz

            Lmao. Yeah okay. Until the petro dollar system is replaced the dollars will not flood back. You are confused. Approximately 70% of world transactions still in US $.

          • GSOB

            Excellent.
            Those other power hungry countries don’t like the global status quo.
            War is always at the door.
            The US has the largest defense budget in the world.

            She won’t fold so easily, but it will be because of war against the petrodollar.
            It is even now, a work in progress to undercut the status quo….

            But, …We know who really runs the show.

          • Bill G Wilminton NC

            Yes………………….

          • Bill G Wilminton NC

            It is being replaced…..Russia, India, China etc and we are at tops 70%…as you can see on your own notes we are dropping.

          • Jazz

            Yes dropping and yes being replaced but this process will take several years to play out. All fiat currencies eventually collapse and the average life span of a fiat is 40 or so years. It all comes down to the Saudis. If/when they accept a currency other than US dollar we will be toast.

            Right now, though we are beyond the average fiat lifespan, we have also never had such a broad base of fiat currencies where there is a race to the bottom – devaluation. Other than the destruction of the petro dollar system it will take quite a while before Us loses reserve status.

          • Bill G Wilminton NC

            Treasuries are a debt instrument not an investment.

          • FortuneSeek3rz

            A debt instrument is an investment. Debt investments tend to be less risky than equity investments but usually offer a lower but more consistent return.

          • Bill G Wilminton NC

            Investment yes

          • Jazz

            To the borrower it is a debt, to the lender it is an investment. You are a little mixed up.

          • Bill G Wilminton NC

            Yes thanks

          • Jazz

            Well that is why people/institutions/governments continue to invest in America. She has never defaulted and continues to pay interest.

            I will concede that unless America changes its borrowing approach it will eventually have a major issue as it will not be able to pay its debts due to unfunded liabilities like social security but that is decades away.

          • Bill G Wilminton NC

            The interest is less than the INFLATION……the dollars are coming back and will turn into a TSUNAMI…..Zimbabwe

          • Bill G Wilminton NC

            As soon as the interest goes up we are tapioca

          • Bill G Wilminton NC

            I was looking from our USA side to us it is a debt………thanks

          • GSOB

            Your point is moot.

          • Bill G Wilminton NC

            Treasuries are an investment……….

          • GSOB

            ….”debt is an investment opportunity…”
            A very wise man said that.
            Excellent.

          • Bill G Wilminton NC

            You measure wealth by what is paid for not what you owe for it………one man has a 2 million dollar house with a 2 million dollar mortgage and 3 leased cars …….2nd man has a 100,000 house paid for and a used car paid for….Who is well off ? It is a matter of what you have been brought up to believe I say 2nd man.

          • Bill G Wilminton NC

            Yes but it is a rolled over debt and never payed OFF…..then borrow more from China

          • Bill G Wilminton NC

            When the interest rates go up to 5-6 % our interest payment on debt will be almost 1 trillion bucks.

          • Bill G Wilminton NC

            A DEBT IS NOT AN INVESTMENT BUT AN OBLIGATION

          • Jazz

            So if I buy a bond that is not an investment?

          • Bill G Wilminton NC

            A stock investment you own a piece the company. Your investment moves up or down by success.
            A bond investment you rely on the US ability to tax to pay or print. And the bonds value for reimburse relies on the interest move.

          • Bill G Wilminton NC

            A bond is an investment……….

          • Bill G Wilminton NC

            I know the description of a bond is investment you could also buy a container of dog biscuits as an investment…..I was going to make a point but it came out wrong.

          • GSOB

            It can be both at the same time.

          • Bill G Wilminton NC

            There seems to be a lacking of buyers of our DEBT………..China is selling……and if we were really strong there would be NO debt.

          • Jazz

            Not true. Throughout history people, institutions, and countries have borrowed to build wealth. The key is to make sure you don’t become too highly leveraged. The US is beyond that tipping point now and unless she fixes her budget eventually the ship will sink. The good thing is she has time!

          • Bill G Wilminton NC

            Wealth of a Nation is either mined, grown, or manufacturing.

            A country may borrow but the debt must be amortized PAYED OFF we borrow to pay the old debt and borrow more.

            Time is out…..the clock is ticking…tick tick tick

    • Jazz

      The Fed has given the world the thumbs up that the US economy is healthy and ready for higher rates to combat inflation. This is a sign that things are heading in the right direction. We have a few years before the next financial crisis.

      • Bill G Wilminton NC

        Jazz glad that you are enthused…..but the banking system is still insolvent…..a few years sure sounds nice……we will see how things play out…..remember for NWO The USA got to go.

        • Jazz

          NWO is years and years away. Doubt many of us on here will see it in their lifetime. Maybe our grandchildren’s lives.

          • Bill G Wilminton NC

            TPP and Global warming are NWO

          • Jazz

            Says who?

          • Bill G Wilminton NC

            Read about the 5000 page document of TPP….OH we will pass it then read it….TPP is the last nail in the coffin. So while your eye is on making pennies THEY are taking it all

          • Jazz

            Yeah yeah the big bad wolf is coming to blow my house down. I get it! I have been hearing that one for years. The elite are ready to take it all down. It will eventually happen but I don’t see it happening within the next 20 years.

          • Bill G Wilminton NC

            It is OK to wear rose colored glasses maybe you look good in them but your house was blown down in 07 we have not recovered only papered over by debt. Math does not deceive, sorry.

          • GSOB

            The City of God verses the City of Man….
            (The wheat and the tare)
            Let both grow together in the field (the world) until the consummation of the ages…..
            Who get’s gathered up first when the end comes?

          • GSOB

            A little optimistic but realistic
            nonetheless…

          • MaxRockatansky33

            Nope. NWO is advancing. We are closer to it than you think. And don’t be fooled, NWO is not about microchips. Our granchildrens may live on Mars or in a huge underground Vaults. We are shaping the Future. And the Global Elite aka Politics decides about the Past and the Future. Nothing new I guess.

          • Jazz

            It has been advancing for quite a while and will eventually happen according to biblical prophecy so too will Jesus’ return. Just like others have tried to predict his second coming others have predicted when NWO will begin. It’s all hogwash as dates come and go.

            NWO could begin next week or it could be 50+ years from now. Every generation says we are close to the end times and yet the world continues. Eventually it will not but none of us truly knows the time nor the date.

          • jace

            Sorry to burst your bubble, but jesus will not be returning. Ever. Honestly Jazz I thought you were a little smarter than this. Apparently the programming you received as a child is too deeply rooted to open your eyes.

          • merrileerj

            God loves you.

          • Bill G Wilminton NC

            Israel is the living clock for the timing of The End.

          • Bill G Wilminton NC

            Wrong NWO is here now and gaining strength………….TPP and Global Warming

      • MaxRockatansky33

        As healthy as a junkie just released from rehab.

      • Bill G Wilminton NC

        Haha Bernanke in 2007 said all is fine 6 months later all crashed…….The Fed is about as oblivious as BOZO the clown

        • Jazz

          Lol true. However without another black swan event to have things come crashing down, the party could continue for several years. The problem with predictions is you need to get the prediction AND the timing correct.

          I believe we will eventually have a crash/collapse whatever you want to call it, I just don’t see it happening anytime soon. Will we have corrections like we saw in August? Sure, but we are now back to business as usual now that the fed has finally given the market some sense of certainty. Markets set to be up again today! Party on :)

          • Bill G Wilminton NC

            Like I said the head of The Fed Bernanke saying right before the 07 collapse all is well.

            If that doesnt hit you like a pie in the face will get Clarabelle and his soda bottle for ya.

            Oh maybe we should give Clarabelle a shot at running things.

      • df NJ

        Healthy or not, European and Asian goods will be cheaper for US companies to buy.

    • df NJ

      Everything you say is well thought out. But, saying the collapse is going to happen this year or next year is very difficult to predict. It may be 20 to 30 years before the economy collapses the way you are thinking. And even then, a lot could happen that causes the crash not to happen at all. Let me give you an example. It goes to the very core of what is economy. The banks behave badly by putting their short term interests ahead of their long term trust. And now we have Bitcoin. There are 7 billion people in the World who are determined to move forward with their economy. Gaming the system will only work for so long. I think we will see the price of oil around $20 / barrel by middle of next year. This is what happens with artificial inflation. Lower gasoline prices will eventually start to show up in the economic data. The healthcare cartel is next. The economy will move forward.

      • Bill G Wilminton NC

        Always good to have a smile on your face. The game is designed by the elites of NWO and unfortunately the USA has to be downed to the floor. We are the only nation with a constitution with inalienable rights given to us by our Creator. THEY need us and our constitution gone . We are the holdup to their plans.

      • Bill G Wilminton NC

        All is thought out and designed by the elites of the NWO……the future of the USA is in concrete going back to 1913 at the inception of The Federal Reserve which is not Federal nor a reserve. When THEY are ready the financial crises will hit and be far far worse than 29 or 07.

  • MaxRockatansky33

    Wall St Junkie just got it’s shot of Fed heroin interest rate hike. In January merry Christmas mood will end when most of consumers are flat broke after Chrisnas spending frenzy. Sell! Sell! Oil prices will fall unless a harsh Winter hits US and Europe.

    • Jazz

      You must not be well versed on economic cycles and capital flows. Check out Martin Armstrong’s work, you will get up to speed real quick! Us Stock market going much much higher and oil will bottom out soon.

      • MaxRockatansky33

        There is no regular economic cycles at all. Buy-sell it’s the only one economic cycle. Only natural disasters, major events (like terror attacks) and wars can change this in one day. When everything is fine, no bigger rallies or falls. Life is a roller coster. Human factor and even emotions decides about rallies and falls. No need to be a genius to figure this out. Theory of Chaos and matematics is an another factor of market behaviour.

        • Jazz

          Everything works in cycles from science to finances – the markets, wars, the human body, life itself.

          • MaxRockatansky33

            But we can’t rely on the past cycles. Everything is changing. Economy, Society, Politics, Science, weather. You name it.

          • Jazz

            In the words of the great Mark Twain – “History doesn’t repeat itself but it often rhymes”. There is nothing new under the sun, just variations of the old. We have seen many of the same patterns repeat themselves over and over.

            For example this whole BS “global climate change” non-sense. Anyone who has ever studied science and weather patterns throughout history knows climate goes through cycles – some hot, some cold. NONE of it is man made.

            They gave up on global warming when it failed to produce the results they wanted now it is re-branded as “change”. The same kind of hope and change BS that the clown in office preached – no wonder he is using this as his legacy issue. One big fraudster who will go down as one of the worst presidents in history. Other than that I have no strong feelings 😉

          • J.L.W

            I followed Armstrong for a while until he made a prediction on his blog that was VERY WRONG.

          • Jazz

            Which was?

            Though he doesn’t make the predictions. As you know he uses computer models that forecast events so any “wrong prediction” would simply be a computer forecast that did not come to fruition. I have been following him for years and his computer models have been amazingly accurate in forecasting trends.

      • fwalker2016

        Meanwhile sp500 is still 28 points below where your rants how AAPL at 130+ and their iwatch and record revenue was going to propell stocks higher. Only another 1,5% and you’re at least even at zero on your ridiculousness.

    • df NJ

      I don’t get the “Fed heroin interest rate hike”. I’ve always heard the Fed raising interest rates was taking the punch bowl away.

  • GSOB

    Always test the waters before jumping in.

  • J.L.W

    You mean these bond funds are insolvent?

    Who would have guessed?

    I never would, perhaps other members of our corporate elite are insolvent?

    … Nah!

  • J.L.W

    Although a lot of you are Christians on this section (plus the author).

    Consider the Irony:

    Which popular Christian holiday could this even influence?

  • K2

    Michael, by saying that a possible collapse could occur with a rate hike you again painted yourself into a corner when it didnt happen. Same thing happened when you did it with shemitah, greek crisis,ebola etc etc. Putting a time on collapse or linking it to specific events will only backfire on you if it doesnt happen within that time or with that events.
    You want to say the economy is going down? do it without all these.

    • df NJ

      Nostradamus predicted so many things eventually you may get hit at some point.

      • K2

        did nostradumus predict it will happen in a certain year?

    • Bill G Wilminton NC

      Mr K2,
      I am not speaking for Michael as he did not ask me. He speaks for himself.

      Michael started this blog for the TRUTH and he speaks it…….HE believes what he says….. Michael is from the mold of Donald Trump.

      Putting a time or a date really takes GUTS and that is something that is missing today. He put us on notice about The Greek crises ( which is not over by any means) , Shemitah spilled into Jubilee Year and is also ongoing , Ebola from Michael I learned about the symptoms etc.

      Time will tell if Michael will continue to expose himself to these criticisms, he will probably be less daring.

      • K2

        I know michael means well and he believes it, i dont think he is doing it deliberately, he actually believes it. But he should take a more long term view about the fall of the economy and predict likewise….as this is a slow motion economic crisis, not a rapid decline or collapse like in 2008.

        Putting a date on a collapse or linking it to specifc events could lead to prediction becoming wrong and people losing the chance to earn money. Say somebody invested in stocks, and seeing michael predict that stocks will fall within so and so time, and they pull out and then later stocks rise?..wont they lose the opportunity to earn money? Quite a few people depend on money earned from stocks for necessities too, not just luxuries. This is what happens if time is put on predictions. Even though michael doesnt want people to lose this opportunity to earn money through stocks, he is unwittingly doing it by putting a time or linking it to specific events. In addition there is also the risk of michael himself losing credibility if he puts a time on predictions and if his timings end up being wrong.

        • Bill G Wilminton NC

          Mr K2

          There is an expression used by old time traders when asked how did they do so well in the markets THEY answered ” I never sold out too early “.

          • K2

            well those traders buy again when market goes lower.

          • Bill G Wilminton NC

            Back when we were a REAL economy in a REAL country we had a REAL stock market. Under a Laissez – Faire system.

            No Plunge Protection Team, No Fake Federal Reserve Money at 0 % going to Goldman-Sachs and the other NYC International TOO BIG TO FAIL BANKS.

            Think of this! G-Sachs can borrow from the Fed at 0% interest make Investments ( stock market etc ) make all the wild bets they want and if ALL BETS are losers …….they are considered a TO BIG TO FAIL BANK and WE THE TAXPAYERS guarantee THEM. Haha that is MAJESTIC lol.

            Just how gullible, stupid, pathetic, have the American people become to have this CON right in front of them…..and not see.

            So Mr K2 this is a con game totally controlled and with an AGENDA and the AGENDA is NWO.

            Think of the leverage on the Fed Res money…. 1 billion equals 10 billion.

            BY DESIGN when this blows and it will BLOW… BY DESIGN… the damage will be far far worse than 07. And this crises will not be wasted………

          • K2

            But i doubt it will happen this year.

          • Bill G Wilminton NC

            I wish I had the foreknowledge but there are people that do….and have had this agenda since 1913….
            God Bless

  • MaxRockatansky33

    Another doomsday prophecy? No economic crash on the horizon. No Nibiru or other tin foil hat conspiracy.

    • df NJ

      Speaking of Nibiru, there is some evidence our Sun has a dark twin that never ignited. This dark twin is causing the flinging of large asteroids toward the sun every 30,000 years.

      “It is estimated that approximately 1/3 of the star systems in the Milky Way are binary or multiple, with the remaining 2/3 consisting of single star.”

  • bob cratchette

    ANYONE THAT CAN’T see where all this is leading is either willfully blind or malignantly stupid. the birth pangs are increasing and getting closer together. financial problems of the magnitude we are discussing here throughout history have led to war and the economic collapse that is coming will make the great depression seem like the good ole days setting up for the man of sin to step on the scene and say he has all the answers and the world will fall right in line and follow him hook line and sinker.

    • df NJ

      If wages have a significant increase it could push it off for another 20 years. Also, if some new technology comes along that sparks the World economy because of desire for some new product or technology would also push it off. The data looked pretty bad from 2008 on and yet here we are still chugging along. I think things are actually a little better today than in December 2009. There is no doubt some of the economic data is bad. But, people are not rioting, grocery stores are full, people are still willingly going to work.

      • K2

        ”Also, if some new technology comes along that sparks the World economy because of desire for some new product or technology would also push it off.”

        I had the same thought at the back of my mind, products like hololens, vr would they lift up the global economy for a few more years? like smartphones and tablets did since 2009-2016 (along with chinese infra spending ofcourse). Another thing is infrastructure spending in other countries this time like building 10,000 new cities.roads, bridges etc but this time in namesa countries,africa, europe, americas etc. Could this lift up the global economy for few more years?

        There are a few more cards like these left to play.

      • Bill G Wilminton NC

        When the Food Stamps STOP……. oh boy

      • bob cratchette

        The recovery or so called recovery has a ll been fueled by govt spending. If a major financial comes or should I say when it comes and the welfare system breaks down the riots will start and the supply chain will start to break down. From what I have been reading it has already begun . This con try has been living off of other people’s money and passing trillion dollar budgets that a collapse is on the near horizon.

    • Bill G Wilminton NC

      Well said sir………one gold star

  • df NJ

    Looks more like a_Japanese girl with a hang_over from the picture.

  • df NJ

    “Physicists in Germany announced that they’ve just fired up one of the world’s largest nuclear fusion machines for the first time – and it was successfully able to contain super-hot blobs of helium gas, otherwise known as plasma.

    They call this 16-metre (52-foot) wide machine the W7-X which is a Stellarator type of reactor. Following more than a year of tests, engineers fired up the US$1.1 billion machine for the first time. Known in the plasma physics community as the ‘black horse’ of nuclear fusion reactors, stellarators are notoriously difficult to build.”

    • df NJ

      The W7-X hot nuclear fusion reactor having a successful run on December 10th is something like the 1903 flight of the Wright brother’s airplane. In 15 years everyone is going to be talking about stellarators. The way the airplane changed between 1903 and 1918 was breathtaking. The word stellarator is not even a word in the spell checker.

  • Nick Tubber

    Red Alert’s done. Market surges on rate hike. Michael, admit you’re wrong and take down this site. You are a disgrace.

    • df NJ

      I like this site. I hope it stays up.

      We are not out of the woods yet. There’s still plenty of things that could go wrong that will cause the second coming of Christ.

      But it looks like the code red is over at least for now.

      • jace

        “There’s still plenty of things that could go wrong that will cause the second coming of Christ.”

        Are you joking? Please tell me you are joking.

        • df NJ

          I see your point. The second coming of Christ could happen even if things are going right. My bad.

      • Nick Tubber

        I agree that we are in trouble. You and I both know that. What this site should differ from average people like us is an ability to alert in time, just because that’s clearly what this site is trying to do out of its own decision. And since it’s been nothing but failures I gotta say this is a doomsday fear-mongering site.

        • Bill G Wilminton NC

          Too bad you feel this way…. I dont

          Today the unsurge…. tomorrow the resurge.

          Michael did not create the horrific fundamentals of this economy 100,000 million out of workforce 48 million on food stamps he is just stating the facts.

      • Bill G Wilminton NC

        Jesus is coming soon………..are you ready.

    • Bill G Wilminton NC

      Hey Rubber Tubber market UNSURGES why? Do you have any idea……..not the slightest……..you just flap flap flap. Tomorrow maybe surge back up….this is what markets do before blowout. This has been going on for months……….

      BERNANKE 07 right before the CRASH says all fundamentals are STRONG. Did you tell Bernanke he is a disgrace. ?

    • Ms

      Michael is only stating facts, so it’s no ones fault if nothing happens. but nothing happen is impossible. shtf real soon

    • Lennie Pike

      3 days later.

  • df NJ

    Martin Shkreli is going to have a tough time in prison. You can tell in the pictures he still thinks he’s not going to get any jail time. Man, he’s going to be sobbing like a newborn during his first night in the slammer! He’s going to get slammed.

  • Bill G Wilminton NC

    Mr Nick, did you fault Ben Bernanke when in 07 he said ” The economy is solid ” and then promptly collapsed… haha lol BERNANKE remained as the Chairman of The Fed for 8 more years. Now that is the DISGRACE. Did I see you on TV leading the FIRE BERNANKE brigade NO you just sat in your basement wringing your grubby little hands.

    The fundamentals for economic disaster have not changed since 07 only have gotten worse.

    I also like this site and appreciate the great work that Michael is doing. THANKS MICHAEL !

    • df NJ

      www+federalreserve+gov/releases/housedebt/

      • Bill G Wilminton NC

        When this country led the world……truly led the world with NO COMPETITION we had minimum debt.

        Now people read numbers presented by the gov ……the same gov that says the unemployment rate is 5 %….when will you get it.

        • df NJ

          Have you looked at the U6 graph lately? Yes it could all be lies. Or, you need to take off your tin foil hat. Things are not good or great. But they are not impossibly bad either.

          • Bill G Wilminton NC

            Gov numbers are all fake just like inflation rate and unemployment rate.

            No tin foil hat…..hard hat with super sonic anti BS buster and sensors if a politician comes within 50 yds that sets off spinning roman candles on top of hat and auto car start for quick getaway.

  • df NJ

    Oil will be $20 / barrel by next June.

    “There is every reason to expect prices to remain low for a few years, and they could easily go lower as Iranian crude comes back on the market with the end of UN sanctions early next year.”

  • Scott Comin

    New York is so slow for the holidays. Most drivers I talk to and hotel people I talk to are feeling it. I care about reality on the ground in main street not numbers and ….. . Could you afford nice gifts or not? Look I have a good job a decent job and I am screwed if my car breaks down how are all these other people affording these new cars etc. EXPERIENCE ON MAIN STREET IS REALITY. I would love to know peoples experience lived experience with the economy- that is the only reality I care about ultimately. THE HOTEL I WORK AT ISNT FULL CAUSE THE FED RAISED RATES- LOL. any thoughts?

    • df NJ

      I just was in NYC. It was crazy busy. I work in Weehawken near Hoboken. Lot’s of activity. The commute home is insane.

    • merrileerj

      Not good at all here in northern Michigan. Husband self employed electrical contractor since 1977…he’s nearing too old to work age but not quite…anyway work started slowing down years ago, we are barely getting by anymore-if you call paying bills with credit cards getting by, guess I don’t. Never had to go that route until about a year ago. Very very dismal economically for us. Have some food & water stocked but you have to have money to stock up really well. I wondered also when I heard people are buying cars like crazy, I thought how can but the elite afford to/qualify for? The answer I got (sorry can’t remember where) was that loans are stretched way way long in order to sell cars-like 5, 6 7 or more years. Very low payments. No doubt there will still be some who lose their car down the road, but for now they got one. Reminds me of the mortgage crisis 8 years ago, where many got house loans that shouldn’t have. New York City is slow? Wow, thanks for the info..you wouldn’t know it to listen to the news would you. I’ve gotten so fed up with the news I barely watch. Wasn’t that many months ago I thought they were honest, like Scott Pelly, etc. I have not been able to stomach the morning shows such as CBS this morning or Today or Live with Kelly & Michael etc since 9/11…..how can you bounce around so cheerful & smiling touting the latest Gucci purse when all these horrors are happening…

      • df NJ

        Hopefully gasoline prices will continue to drop. This should hopefully making everything cheaper like groceries. The groceries sure went up really fast when we had $140/barrel oil but they are taking forever to come back down!

        Best of luck to you! Try not to lose faith. Spend time playing cards with friends. It’s really cheap and it always makes everyone more happy.

        • merrileerj

          Thank you! My faith is about all I have left. God bless.

          • Bill G Wilminton NC

            Stay strong………Jesus Is Coming Soon !
            Shalom

      • mtntrek3

        I hear what you are saying. My family and I have dealt with unemployment and now my partial disability -(past 16 months) for the past five/six years or so altogether. There were three years particularly difficult for us as we did odd jobs that we could find ( managed to get by on 9K$ a year). The wife does get some part time employment now and again. I figure it’s conditioning for what is to come….. the Lord preparing us to make do with less in this world. We have built an underground bunker with a couple months food /water supply, and have some barter items (silver)….etc. A few firearms and ammo round out the list. God is our source ultimately. While this world is no one’s home, as we are all just passing through…. we look forward to our eternal home with God through Jesus His Son. Take care and God Bless you.

  • df NJ

    New article on thorium MSR. Google “Indonesia Eyes Thorium Molten Salt Reactor Technology”

    “According to ThorCon’s estimates, a 1,000 MW TMSR could be built in a year’s time”

    Wow! First the W7-X hot fusion reactor success and now this article on MSR. These alternatives are going to drive down the price of oil even if these new technologies are not yet in any working power stations. Just the threat of these technologies will drive down the price of oil.

  • Jazz

    It’s funny how Kim disappeared after losing the Interest Rate bet.

    • Malcolm Reynolds

      It’s funny how you stopped responding after getting proved wrong on the ‘China’s CB magically fixed everything’ assertion.

      • Jazz

        My exact response was China stepped in and said their stock market crash was just about over and then it did everything in its power to stop its markets from crashing. Their markets are up over 20% from the bottom. I didn’t say I agreed with its strategy just that central bankers are doing all they can to keep the party going. You just chose to keep arguing and I then ignored your foolishness.

  • max gon

    It took more time than expected but the financial crash is on. Just give it at least one more month and all hell is going to break loose. You can bet on that.

    • Bill G Wilminton NC

      Cud be…….but it is coming.

  • Red Light Special

    Just like the RED ALERT was a certainty?

  • GSOB

    Why is it ‘merry’ Christmas?

    • Bill G Wilminton NC

      Dec 25 is not Jesus Birthday start with that…….it was in Sept Oct.

      • HeyAHuman

        It’s the winter solstice. Christmas’ true origins are astrological.

        • Bill G Wilminton NC

          And Pagan………..how Satan deceives.

        • Bill G Wilminton NC

          The name Christmas came from Mass of Christ or Christs Mass a Roman Catholic Mass started in England in the 1850 s. The aim was to end a weeks long drunken mid winter celebration. This Mass was started to get the celebrants off the streets and sober up.

          Trees in the house, the lights, green and red colors…….give me a break. I havent celebrated this aberration of a great day. But a date that was not considered important enough to be mentioned by God in the Bible as it was the death ( the blood ) that was/is our salvation.

          Shalom

  • alan

    A real crisis we will see shortages, spiralling prices, and civil unrest.
    When it gets bad, rationing, state of emergency and hyperinflation.

    • Jazz

      Yeah none of those are happening. The US is a very resilient country and it’s why we are the world leader. As I have mentioned we are several years away from crisis here in the US. Times may be tougher for many as they deal with the realities of a changing economy but no real crisis here in the land of opportunity.

      • fwalker2016

        Roflmao

      • Bill G Wilminton NC

        Jazz,

        We are the World Leader in something called DEBT……when food stamps now so prettily called SNAP cards dont work…….watch out.

        The crises is here now and many are feeling it.

        • Jazz

          You find what you are looking for. Those who seek opportunities find them. Those who seek crises also find them. I happen to be an opportunity seeker!

          • Bill G Wilminton NC

            And our leaders believe never waste a good crises THEY call it OPPORTUNITY also………..

          • Alwaystomorrow

            Look here, if you don’t want to talk about how bad things could possibly get and focus only on the positive, I am going to have to ask you to leave. :-)

      • MaxRockatansky33

        The interest rates rise by FED isn’t helping. Dow is in red, oil is getting even cheaper and after New Year everybody, including markets, are sluggish. Spring will be rallies. Until something happens. FED wants to rise interest rates again in March 2016. Another debt ceiling is close as well. Only something maror could cause market crash. Event much bigger than 9/11 or hurricane Katrina/Sandy.

    • Bill G Wilminton NC

      Alan you got it………a gold star.
      Thanks

  • AWM

    Just happened upon this site, reading comments….wow! Just maybe if we would all get off our @$$’s and do something productive instead of talking about all the what if’ s and dwelling on something we have no control over we as individuals could make our own lives a lot better. Pick up a hobby, volunteer, clean your house…. this is pathetic

    • fwalker2016

      Look homeward.

    • merrileerj

      And yet, here YOU are, LOL!

  • Jazz

    Buy on the dips. Lots of good buying opportunities today folks!

    • Ms

      Really jazz. You really like trolling don’t you. Why don’t you go back to your troll cave and go on the troll internet and visit troll websites instead of bothering us.

      • Jazz

        Some believe the sky is falling. Some believe the it’s all unicorns and rainbows. I’m in between. I think a collapse is eventually coming but not anytime soon. I have every much right to be here as you do.

        • K2

          well said.

      • merrileerj

        My thoughts exactly. Just trying to piss people off for lack of a life…just like sunny snotface.

        • Jazz

          Lmao. You add zero value to this blog. Just because I’m right don’t get mad at me.

          • merrileerj

            Why do you give junior high replies? They’re ineffective you know.

          • Jazz

            That’s how I respond to trolls like you who just try to bait me.

      • Jazz

        You are the biggest troll of them all. Lol. Have a great weekend in the trailer park.

        • merrileerj

          The Economic Collapse

          Jazz

          18 minutes ago

          That’s how I respond to trolls like you who just try to bait me.

          The Economic Collapse

          Jazz

          2 hours ago

          Lmao. You add zero value to this blog. Just because I’m right don’t get mad at me.

          The Economic Collapse

          GSOB

          2 days ago

          uh…. God leaves some to their own devices…..
          not all

          (Your posts show such vast intelligence.)

          • Jazz

            Sorry. I stand corrected. You add value for ONE reader on this blog. Good job troll!

          • Malcolm Reynolds

            Boy, you sure showed him.

      • Malcolm Reynolds

        But but but Jazzy pants is a mega millionaire and he apparently knows more about markets than anybody. Especially when it comes to Central Banking. That’s why he’s long this market.

        Sure, his assertions about China’s devaluations of the Yuan were false the moment he uttered them, but that’s why he’s thooper rich. Just ask him.

        • Jazz

          Never said I knew more about the markets than anyone else nor said I was long “the markets”. I have said buy good companies on the dips. It has worked really well for me.

          I don’t typically buy the market. Instead I selectively buy good companies at good prices. I typically use options to take advantage of short term opportunities. I had been short oil and gold this year, long the US dollar. Have bought and sold calls and puts on the S&P and have shorted heavy natural resource countries like Brazil.

          Overall I have made over 200% this year investing using stocks and option trades. I don’t say this to brag but rather that my strategies for this market are working for me. I don’t care what you think of me. I know my results and that is all that matters.

          • fwalker2016

            You’re revising you fish story Pinocchio. Anyone can look back though the comments on this blog and see your former tales of being long AAPL (from 15%+ higher) and SPY. Your new hindsight tales are hilariously funny as well- especially “have shorted heavy natural resource countries like Brazil”. ROFLMAO

          • Malcolm Reynolds

            Never said … I was long “the markets”.

            ^— This claim completely contradicts this suggestion –v

            Buy on the dips. Lots of good buying opportunities today folks!

            IOW, you’re a liar.

          • Alwaystomorrow

            Merry Christmas Malcolm. I hope 2016 proves as successful for you as 2015 was. Now go sit in your hot tub and indulge yourself in the memories of 2015.

          • Bill G Wilminton NC

            Pretty good………God Bless.

    • fwalker2016

      Roflmaoooo

  • max gon

    This time the financial crash is for real, the Wall Street pyramid is falling apart.

    • K2

      oh really?

  • AzDi

    Well, I keep waiting for another article saying…. it is happening now. As of today, 12/18/15, we have had two very interesting days in the market. If it continues today, in two days we will be down over 500

  • rentslave

    George Ure predicts Dow at 30 K next year,then down to 1500 after that.

  • Mondobeyondo

    ANY rise in the prime lending rate could be disastrous at this point.
    .25 percent may not be much, to the average consumer.
    But consider this: 18-some-odd trillion dollars x .25
    That’s your brand new national debt! Ain’t it grand?

    • fwalker2016

      Ridiculously foolish. Get an education.

  • HeyAHuman

    Looks like this is the final fix before the big OD. Exploiting the stock market before its bubble bursts next year. Don’t put the popcorn away just yet, folks…

    • Jazz

      Oh now the crash is next year? What happened to this year and last year and the year before and the year before that? No one knows when the next crash is coming. That is why it is foolish to predict the timing of a crash. The dow will hit 25k before the next crash.

      • HeyAHuman

        It’s foolish to predict the timing if a crash, yet it’s not foolish to predict the value of the Dow before its next crash? Okay.

        • fwalker2016

          Rookies don’t know that crashes do not begin from highs. Generally after a correction (10%+ decline) prices try and regain some traction. When the previous highs can not be surpassed then price discovery again tests the low inflection point. Three consecutive distribution days below that level usually indicates that was 1/2 the leg down and the second 10%+ decline commences. Crash is defined as 30%+ decline and likely by q2 or q3 2016. IMHO

          • Bill G Wilminton NC

            Very Interesting……….a gold star.
            Thanks

      • fwalker2016

        You’re too clueless for words. Keep guessing rookie. Nothing new about the price action since last Nov when frb policy changed. You obviously have zero education and very little experience. Anyone foolish enough to follow your ludicrous hunches obviously has substantial losses.

      • Bill G Wilminton NC

        Jazz, the people who run the world know, but the timing will be to bring the USA to financial oblivion and then WE THE PEOPLE will be so financially destitute that we ( not me haha beam me up scotty ) will accept ANYTHING. Now you may be correct and dow to 25K but the dow is not a true reflection of main street nor the stock market. The volume is very low and a few stocks are holding up the dow.
        Thanks for listening…………

      • MaxRockatansky33

        It may be 20k or 19k or 23k. Nobody knows what Elite is planning. They control stocks, bonds, commodities, FED and NYSE itself.

      • Alwaystomorrow

        Yes Jazz. Next year. It is always next year. I think I will change my name from Alwaystomorrow to Nextyear.

  • MaxRockatansky33

    Crisis is one thing. Collapse is a far cry from it. Things will be relatively quiet untill some major disaster, war or terror attack much bigger than 9/11 happens.

  • Always**tomorrow

    Good try on the block. I like when someone gives me a challenge. I am  always up to it.

    Lets see if I got around it by simple rewording.

    Oh look, I did. :-)

    This website has Issued a CRIMSON WARNING for the last half of the year two thousand and fifteen.

    Printed towards the end of June of the year two thousand and fifteen.

    Only thirteen days left in the year.

    Lets do a sequential downward tally and see what transpires.

    A paraphrase from the blogs author on the last day of the seventh month of this year.

    The blogs author liked this idea when it first started but not so much now.

    • Shame on you Mike!

      Mike, I see it takes you longer to remove a comment from a guest than from a Disqus account. Well then a guest commenting I shall go. 😉

      It is amazing how concerned you are about someone who wants to hold you accountable for your predictions. SHAME ON YOU.

      • MaxRockatansky33

        Comments from Disqus are immediately blocked when you use one magical word-Israel.

        • HeyAHuman

          I used the word “assass in” (spelled properly) and it got my post blocked here.

          • MaxRockatansky33

            Assasin is a bad word 😉

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