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What Really Happened In 2015, And What Is Coming In 2016…

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2015 2016 - Public DomainA lot of people were expecting some really big things to happen in 2015, and most of them did not happen.  But what did happen?  It is my contention that a global financial crisis began during the second half of 2015, and it threatens to greatly accelerate as we enter 2016.  During the last six months of the year that just ended, financial markets all over the planet crashed, trillions of dollars of global wealth was wiped out, and some of the largest economies in the world plunged into recession.  Here in the United States, 2015 was the worst year for stocks since 2008, nearly 70 percent of all investors lost money last year, and it is being projected that the final numbers will show that close to 1,000 hedge funds permanently shut down within the last 12 months.  This is what the early stages of a financial crisis look like, and the worst is yet to come.

If we were entering another 2008-style crisis, we would expect to see junk bonds crashing.  When financial trouble starts, it usually doesn’t start with the biggest and strongest companies.  Instead, it usually starts percolating on the periphery.  And right now bonds of firms that are considered to be on the risky side of things are rapidly losing value.

In the chart below, you can see that a high yield bond ETF that I track very closely known as JNK started crashing in the middle of 2008.  This crash began to unfold before the horrific crash of stocks in the fall.  Investors that saw junk bonds crashing in advance and pulled their money out of stocks in time saved an enormous amount of money.

Now, for the very first time since the last financial crisis, we are seeing junk bonds crash again.  In December, there was finally a sustained crash through the psychologically-important 35.00 level, and at this point JNK is sitting a bit below 34.00.  This stunning decline is a giant red flag that tells us that stocks will soon follow in the exact same direction…

JNK

In 2015, Third Avenue Management shocked Wall Street when they froze withdrawals from a 788 million dollar mutual fund that was highly focused on junk bonds.  Investors that couldn’t get their money out began to panic, and other mutual funds now find themselves under siege.  If junk bonds continue to crash, this will just be the beginning of the carnage.

One of the big reasons why junk bonds are crashing is because of the crash in the price of oil.  Over the past 18 months, the price of oil has plummeted from $108 a barrel to $37 a barrel.

There has only been one other time in all of history when we have ever seen an oil price crash of this magnitude. That was in 2008 – just before the greatest financial crisis since the Great Depression…

Oil - Federal Reserve

Why can’t people see the parallels?

Crashes are happening all around us, and yet so many of the “experts” seem completely blind to what is going on.

Unlike 2008, the price of oil is not expected to rapidly rebound any time soon.  The following comes from CNN

Crude prices dropped a whopping 35% last year and are hovering around $37 a barrel. That’s a level not seen since the global financial crisis.

It won’t get better any time soon. Most oil experts believe prices will bounce back in late 2016, but they expect more pain first.

Goldman Sachs forecasts that oil will average about $38 a barrel in February, even lower than for most of 2015.

Meanwhile, the prices of industrial commodities have been crashing as well.  For example, the chart below shows that the price of copper started crashing hard just before the great financial crisis of 2008, and the exact same thing is happening once again right before our very eyes…

Price Of Copper

Things are unfolding just as we would expect they would during the initial stages of a new global financial crisis.

And we have already seen a full blown stock market crash in many of the largest economies around the planet.  For instance, just look at what has been happening in Brazil.  The Brazilians have the 7th largest economy in the world, and Goldman Sachs says that they have plunged into an “outright depression“.  In the chart below, you can see the sharp downturn that took place in August, and Brazilian stocks actually kept falling all the way through the end of 2015…

Brazil Stock Market

We see a similar thing when we look at our neighbor to the north.  Canada has the 11th largest economy on the entire planet, and I recently wrote a lengthy article about the economic difficulties that the Canadians are now facing.  2015 was a very bad year for Canadian stocks as well, and they just kept falling steadily all the way through December…

Canada Stock Market

Of course nobody can forget what happened to China.  The Chinese have the second largest economy on the globe, and news about their economic slowdown in making headlines almost every single day now.

Last summer, Chinese stocks crashed about 40 percent, and they did manage to bounce back just a bit since then. But they are still down about 30 percent from the peak of the market…

China Stock Market

And there is plenty more that we could talk about.  European stocks just had their second worst December ever, and Japanese stocks are down about 500 points in early trading as I write this article.

Here in the United States, the Dow Jones Industrial Average, Dow Transports, the S&P 500 and the Russell 2000 all had their worst years since 2008.  As I mentioned the other day674 hedge funds shut down during the first nine months of 2015, and it is being projected that the final total for the year will be up around 1000.

But we aren’t hearing much about this financial carnage on the news yet, are we?

Many people that I talk to still think that “nothing is happening”, but don’t you dare say that to Warren Buffett.

He lost 7.8 billion dollars in 2015.

How would you feel if you lost 7.8 billion dollars in a single year?

The truth, of course, is that signs of financial chaos are erupting all around us.  Corporate profits are plunging, the bond distress ratio just hit the highest level that we have seen since the last financial crisis, and corporate debt defaults have risen to the highest level that we have seen in about seven years.

If you run a business, you may have noticed that fewer people are coming in and it seems like those that do come in have less money to spend.  Economic activity is slowing down, and inventories are piling up.  In fact, wholesale inventories have now risen to the highest level that we have seen since the last recession…

Inventory To Sales Ratio - Federal Reserve

Do you notice a theme?

So many things that have not happened in six or seven years are now happening again.

History may not repeat, but it sure does rhyme, and it astounds me that more people cannot see that 2015/2016 is looking eerily similar to a replay of 2008/2009.

Another number that I watch closely is the velocity of money.  When an economy is running well, money tends to circulate efficiently through the system.  But when an economy gets into trouble, people get scared and start holding on to their money.  As you can see from the chart below, the velocity of money declined during every single recession since 1960.  This is precisely what one would expect.  And of course during the recession that started in 2008, the velocity of money plunged precipitously.  But then a funny thing happened when that recession supposedly “ended”.  The velocity of money just kept going down, and now it has fallen to an all-time record low…

Velocity Of Money M2

A big reason for this is the ongoing decline of the middle class.  In 2015, we learned that middle class Americans now make up a minority of the population for the first time ever.

But if you go back to 1971, 61 percent of all Americans lived in middle class households.

Meanwhile, the share of the income pie that the middle class takes home has also continued to shrink.

In 1970, the middle class brought home approximately 62 percent of all income. Today, that number has fallen to just 43 percent.

As the middle class is systematically destroyed, the number of Americans living in poverty just continues to grow. And those that often suffer the most are the children.  It may be hard for you to believe, but the number of homeless children in the U.S. has increased by 60 percent over the past six years.

60 percent!

How in the world can anyone dare to claim that “things are getting better”?

Anyone that says that should be ashamed of themselves.

We are in the midst of a long-term economic collapse that is now accelerating once again.

Anyone that tries to tell you that “things are getting better” and that 2016 is going to be a better year than 2015 is simply not being honest with you.

A new global financial crisis erupted during the last six months of 2015, and this new financial crisis is going to intensify throughout the early months of 2016.  Financial institutions will begin falling like dominoes, and this will result in a great credit crunch around the world.  Businesses will fail, unemployment will skyrocket and millions will suddenly be faced with economic despair.

By the time it is all said and done, this new financial crisis will be even worse than what we experienced back in 2008, and the suffering that we will see around the world will be off the charts.

So does that mean that I am down about this year?

Not at all.  In fact, my wife and I are greatly looking forward to 2016.  In the midst of all the chaos and darkness, there will be great opportunities to do good and to make a difference.

What a great shaking comes, people go looking for answers.  And I think that this will be a year when millions of people start to understand that our politicians and the mainstream media are not telling them the truth.

Yes, great challenges are coming.  But now is not a time to dig a hole and try to hide from the world.  Instead, this will be a time for those that have prepared in advance to love others, help others and show them the truth.

What about you?

Are you ready to be a light during the dark times that are coming?

Please feel free to join the conversation by posting a comment below…

  • Dow 25K in 2016.

    Here are my predictions for 2016.
    1. The warm and charismatic Hillary Clinton will be elected president in 2016. This will be a glorious victory for America. She will continue Obama’s successful policies.
    2. 4 million jobs will be added in 2016. Many of them in the high paying renewable energy sector.
    3. The unemployment rate will drop to 4%. This is due to the robust job growth that should occur in 2016.
    4. GDP will accelerate to an annual growth of 6%.
    5. The Dow will reach 25K in 2016.
    6. Due to a vibrant economy oil will rebound to $80 a barrel by the end of 2016.
    7. Obama will broker a peace deal between Iran and Saudi Arabia.
    8 Obama will play an instrumental role in diffusing tensions between Russia and the United States.
    9. Obama will spearhead an effort to end the war in Syria.
    10. The U.S will post a budget surplus. This is due to all the additional tax revenue coming in because people have jobs. Also, less will be spent on the military due to decreased tensions.
    Everything is awesome. I am a liberal arts major at a community college.

    • XYU

      I encourage you to put all your money into the stock market in 2016, and tell us how much you have earned at the year end.

      • Bill G Wilminton NC

        Yes, Dow 25 K in 2016 put your money where your DELIRIUM IS !.

      • Mad Monkey

        Monday is finished in Australia and Asian stocks have tanked. China on trading halt lost 7%. “Don’t worry about the world ending today – it is already tomorrow in Australia” – Another giant leap towards collapse has happened. Please put your money on the market keep it going for another month, so i can have another month to prepare.

      • Lennie Pike

        How much one earns at year end depends on how much one earned will buy.

    • Bill G Wilminton NC

      You leave me speechless with your DELIRIUM !.

    • J B

      I realize your taking the P’ss out of the situation….

      But you might be right on some things there, and that’s just wrong because it should be Impossible.

    • jack nichols

      My instincts are saying that Hillery will never make the ticket, therefore she will not be the President. Obama will not make any decisions after he fails with his executive order on Gun Control that will be overturned, Obama will come to be known as a failed president. Your optimism is compelling but I doubt very much that any of your predictions will come to fruition. The media will of course attempt to sell us on how good things are but life in the real world will be anything but. Perhaps you should temper your enthusiasm with a little History.

      • SunnyFlaSnotress

        There’s nothing wrong with Obama’s order.
        He’s not banning guns. He’s putting more restrictions on whose hands they get in.

        • Mike Smithy

          If the lib+urds actually want to reduce gun deaths they should outlaw gun free zones.

        • Richard O. Mann

          Not really. Even in countries where guns are pretty much outlawed, you can get one, if you want one. All it takes if money.

          • SunnyFlaSnotress

            Nobody expects the Order to be a total cure,..only a help.

          • Malcolm Reynolds

            Yea, like magazine limits and waiting periods and all the other helpy helper laws in Cali helped them, amirite! High five!
            In reality, nobody really expects it to help since it’s not proven to be a problem like gun-free zones have. Like I said, it’s a red herring for the intellectually inept, such as yourself, so you think something is getting done and you can easily blame all those damn republicans, without actually expending 5 minutes in thought. Good job p00py p@nts.

          • Richard O. Mann

            Sadly, no amount of laws can change a person. Laws are for the law abiding citizens. There are more than enough laws on the books concerning gun ownership. Adding more really won’t stop the violence. You cannot change the hearts of men, and women, by writing more laws. Wish it were that easy.

        • jack nichols

          “the right of the people to keep and bear Arms, shall not be infringed”. Apparently you don’t understand the meaning of infringed. Do you normally just follow along with what you are told? You must not be one of us, us being an American citizen that upholds the constitution. Looks like you are more interested in drinking blood.

        • Lennie Pike

          I respectfully (not being sarcastic) would like to know your opinion – do you think those restrictions will apply to those already on the no-fly list, or those who will be placed on it in the furture?

    • afchief

      Did you just stay at a Holiday Inn?

    • JustBill

      I wonder how many comments you will tease out of people with the ridiculous bait you left.

    • rentslave

      George Ure has the Dow at 30K,plummeting to 1500 by 2020.

    • Rorschach

      Did you also predict today with the markets starting off in red? Their at -383 (2.02%) for the DJIA and the Chinese had to halt trading.

      You are nothing more than a shill account just like your recovery troll buddies.

    • Richard O. Mann

      And peace shall rule the planets, and love shall guide the stars. Or something like that. Been a long time since I heard the song.

    • Cyber Revengeance

      The financial crisis in China will cause all your predictions to fail.

    • MaxRockatansky33

      I gave you a vote up for nice piece of sarcasm.

    • Steeve Girard

      And we will have rainbows everywhere, hold hands and sing songs of John Lenine… ahem!!! I meant John Lenon.
      .
      BULLCRAP! ALL OF IT.
      .
      It will be more conflict, more sacrifices, more guns. That is what 2016 will look like!

  • jhowell882

    Micheal you are right.. unfortunately some have to be IN the train wreck before they realize that there was a train wreck. same thing happened in 2008. the media will make it sound like things will be OK.. remember bush after 911..” just go shopping” ? that’s about where it is and more than likely won’t change. as for the train wreck.. those folks will finally realize it but the rest of us will still have to endure it.. when it could have been stopped

    • alan

      Everything seems fine in the caboose.

      • none

        GREAT news Alan! I President Obama has stopped this!
        This week he will be using a set of executive orders, to control rifle and pistol sales.
        Plan on it being similar to the 1934 machine gun ban.
        Basically every firearm can,and will be regulated.

        • SunnyFlaSnotress

          Well it IS nice to think that criminals won’t be able to go to gunshows and buy guns.

          • Malcolm Reynolds

            Well it IS nice to think
            Then you should try it sometime.
            Gunshows are red herrings for the intellectually unarmed and people entertained by shiny stuff.

          • SunnyFlaSnotress

            I do.. I think w/my RIGHT head.

          • Malcolm Reynolds

            No, you’re an arrogant, obsequious, obtuse little leftard that bases it’s opinion on what the hive mind determines your opinions will be.
            Your little ‘Oooohhh the horror of the gunshow loophole’ and even better, your ‘he doesn’t need those biullions’ are both proof.

          • SunnyFlaSnotress

            I understand.. your nurse didn’t clear you dingleberrys properly and you’re cranky.

          • Malcolm Reynolds

            So that’s a NO, you cannot come up with a defense of my accurate description of you so you quickly changed the subject to talking about a un-wiped butt.
            Golly Gee, you sure did show me. There’s nowhere left for me to go intellectually now! Oh Noes!!!!

          • SunnyFlaSnotress

            Find another Resr Home,.. you’ll be glad you did!

          • Malcolm Reynolds

            Why and what is a Resr?

          • SunnyFlaSnotress

            It’s a typo, I have long nails and I’m not on my home keyboard.

          • Malcolm Reynolds

            That’s ok, in reality the question was as meaningless as your response.

          • Richard O. Mann

            Long nails…….Oh..sorry. Got caught up in a flash back there for a sec.

          • You’re annoying!

            Your silence would be greatly appreciated.

          • Malcolm Reynolds

            But it’s not expected. Yea, don’t count on it either.

          • Gay Veteran

            LOL, sic em Malcolm

          • GSOB

            Psalm 127:1

          • GSOB

            From one jarhead to another,
            please be nicer.

          • Jerry C

            Obviously criminals obey the laws and won’t go to a gun show and buy a gun or anywhere else. Oh wait…

          • SunnyFlaSnotress

            As I’ve said before, nobody thinks of it as a cure.. It is meant as a help.

        • Steeve Girard

          I will cite fictive Vulcan philosophy to address an error of perception on how wars are won. “The needs of the many outweight the needs of the few, or the one.”
          .
          It means that, if the many wants to take down the system, they can, no matter how many guns there is. And if the few choses to kill the many, then those who guarded the many with guns (and killed them by order), will become the new many, those who commanded the operation will become the new few.. the cycle will begin again, without resolution.
          .
          The logic of False Flag operations, is by creating a new need in the many, will cause the many to retroactivity ask the few. to apply a new policy. Which the few already designed by creating and applying the need.
          So, no matter what you believe, we are screwed from the beginning… and I will not personally partake in this folly of absolute control. What you chose is of your own will.

  • J B

    One thing is certain, you will never ever hear Janet say, we are not providing any more credit until…..
    And the reason is simple, you can’t Taper a Ponzi Scheme.
    There’s one setting on the Ships Order Telegraph, Overdrive, there’s No Overdrive setting.

  • Barry Goldwater

    Exactly right, only this time around far more severe than 2008 and many Americans aren’t aware that the rules have been changed to prevent them from raiding their funds nor that their Bank accounts are essentially the property of the Banks. When they try to redeem shares they may be told to wait ten days before being considered because they’ve already had so many redemptions.
    Do I have to ask anyone what could happen to their account in a ten day period when the whole economy is headed South at warp speed ?
    Others will try to withdraw funds from Banks and be told they can only have a specific amount and no more.
    No, it will not be like 2008 this time because the rules have been changed and the Banksters have written the rule book.
    Then there are many who have read these changes for themselves and refuse to believe anything negative could ever happen to the US Economy even as the dominoes begin lining up one in front of the other. Que sera, sera .

    • Mad Monkey

      I am full expecting a global banking ‘holiday’ in 2016 and account holders getting the proverbial ‘hair cut’

  • RTL89

    “Many people that I talk to still think that “nothing is happening”, but don’t you dare say that to Warren Buffett.

    He lost 7.8 billion dollars in 2015.

    How would you feel if you lost 7.8 billion dollars in a single year?”
    AWWWW… poor warren. You know when you get in or out of your car and your pocket change falls between the seats and you mumble for a second, and then forget about reaching for it due to its futility? That’s what it’s like for warren buffett losing 8 billion dollars

    • Lao Tzu

      His net worth is about 65 billion. So 8 billion (about 12%) is not exactly a chump change as you are making it sound, even to Buffet. I am sure you would be a little worried if your net worth drops to $88 from $100 in a year.

      • RTL89

        Oh spare me. Do you realize how big 1 billion dollars is? Do you know how many people around the planet could benefit from that 1 billion dollars? People like buffett deserve to lose his net worth since he siphoned it up from the average people until they were completely impoverished, and now you’re asking me to feel sorry for him. Please.

        • Lao Tzu

          I am not saying who deserves what and neither I am being sympathetic to Buffet. (He is a raging, hippocratic liberal. He can die starving on the street, I don’t care.). I am just saying it is not a chump change even to him.

          • RTL89

            I agree with that completely. But my point remains: even if he lost 8 billion, he still has billions upon billions more. If that wealth was spread around properly, thousands upon thousands of people could live off that money for an entire 70 year life span. There’s no reason for “one” person to have that much money. NONE. And of course I’d be upset if my net worth was declining… I’ve ben watching my savings and income take a beating by inflation my entire working life.

          • Lao Tzu

            Well, he made the money because he is smart. You don’t have to sympathise with him, but he does not need your approval for making money. You go out and make if you can.

            “my savings and income take a beating by inflation my entire working life.”
            Yeah, abolish the Federal reserve, bring back gold standard, and deport the socialist Keynesians if you want to stop inflation. Or better still, take advantage of the inflation instead of taking a beating. If you are clever, you can grow your wealth using it.

          • Gay Veteran

            he is about as worthless as a Wall Street bankster, buying the politicians

          • Lao Tzu

            Something which you can not do, loser.

          • Gay Veteran

            hey junior, plutocrats buying the politicians is destroying the middle class

          • Lao Tzu

            Because middle class means mediocrity, which cannot do much more than whine and bitch.

          • Gay Veteran

            hey a-hole, go F yourself with a rusty chainsaw

          • Lao Tzu

            Thanks for showing your own class as well, which I think is below middle. Send me a message just before you die. I will raise a toast of Château d’Yquem for you.

          • Gay Veteran

            hey junior, find that rusty chainsaw yet?

          • Lao Tzu

            I could give your family a few hundred dollars after you die if you can please me.

          • Gay Veteran

            please you? doesn’t your dog do that?

          • Lao Tzu

            But I am sure your family needs it, since you are such a sore loser who has just envy inside him.

          • Gay Veteran

            project much?

          • jaxon64

            So RTL- what you are saying is, “From each according to his means, To each according to their needs”…where have I read that mindset before?

          • RTL89

            I never said anything about “needs”. When you have millions of people across the planet doing all the hard work that allow the function of the world to even continue, and all of them collectively don’t even make up the wealth of one person such as Buffett, clearly we have a REALLy big problem. But carry on with your anti-communist accusations

          • jaxon64

            Sure you did–you mentioned helping the less fortunate–that is “needing” or they would not require help.
            We don’t need to paraphrase you or guess your mindset as you practically quote Obama ( we need to “spread the wealth”).
            And to give you a little perspective in your magnanimous generosity with other people’s stuff–Buffet does not earn a billion a year, his net wealth is a lifetime of fruition.
            As to your comment, “do you know how many people’s lives that 1 billion dollars could help??”..Technically, the average American makes appx $50k per year or so—factor in a 40 year working career and you have roughly $2 million dollars per person in earnings–so roughly 500 people could be covered for a lifetime with your socialist redistribution idea–that’s gonna change the world !!
            How about this idea, Buffet instead invests in corporations, manufacturers and businesses that employ tens of thousands and they use the money to grow profitable businesses with hundreds of thousands of employees and families?
            Always a “zero sum” with you commies…people only have success by stealing from others.
            PS: and I’m no fan of all of the liberal billionaires–Gates, Soros, Buffet, Rothschilds, Rockefellers ad nauseum…

          • RTL89

            First of all, what you flapping your gums about communism for…. AGAIN. Did I ever say anything about it? Nope. You imposed that on “me” with your initial reply by assuming that I want to redistribute wealth to people who don’t contribute anything. What I am actually suggesting is that the people who DO contribute – you know, the little peons of the companies that actually run the machines, use the tools, get dirty and ruin their backs – THEY should have a bigger slice of the pie. Isn’t that what capitalism is supposed to achieve? Yet it hasn’t, because the capitalistic value s that “we” embrace today are the ones that reward a person’s “position” – not their “work ethic”. And a position is granted not because of what you know, but WHO you know. And this is fair to you?
            I also don’t know that planet you come from to suggest that the yearly income for the average American citizen is 50,000. Try 20,000. And even that’s a BIG maybe.
            You can’t have millions of jobs disappear and be outsourced, while population growth expands in the other direction. Your capitalist ideals will crush an economy when that happens, and that’s Exactly what we’re seeing happening right now. So you can sit there and call me a “commie” all you want, but your methods aren’t working very well either.
            And your defense that his net worth lasts him his whole lifetime is still pretty pathetic. I reiterate what I say before: “no single person on this planet should have that amount of money. NOBODY”

          • Malcolm Reynolds

            I never said anything about “needs”.
            Except of course when you were questioning how much money Buffet “needs”

          • RTL89

            Right. Because if a person has billions, even let’s say just ONE billion… and he/she runs out of money before their lifetime is over, he/she needs to stop and ask themselves “why?” and “how?”

          • Malcolm Reynolds

            he/she needs to

            And so to rebut me where I called you a liar that you never mentioned “needs”, you’re going to reiterate AGAIN what someone “needs” to do!? umkay.

          • Malcolm Reynolds

            If that wealth was spread around properly
            Economic illiteracy and stupid socialist sophistry.

          • RTL89

            Again, you’re cherry picking certain things and conveniently leaving out the rest of my argument. You completely fail to address anything I mention about the working stiffs who receive little yield, but to do that would require you to admit that your capitalist system is fallacious in certain ways. Textbook troll.

          • Malcolm Reynolds

            Again, you’re cherry picking certain things and conveniently leaving out the rest of my argument.

            Mmmmm no. Redistribution of wealth is a failure. BY FAR. You’ll look at all of history to vindicate the assertion.

            There is no socialist country that’s done anywhere close to the good or become remotely as economically prosperous as America has. And those displaying any semblance of success leech off of America … liberally.

            You completely fail to address anything I mention
            I certainly did. I reminded you that your belief on how money works is illiteracy at best and then I mocked you for your stupidity.

          • RTL89

            I think I know what the problem is here… You’re misinterpreting my “redistribution of wealth” to mean that we “give everybody what they need” regardless of economic status. I never once said that. My entire argument all along has been “redistribution of wealth” to the people who actually deserve more: the people on the middle and bottom rungs of the corporate ladder who actually do the work but instead of receiving more, are taxed more and have inflation eat away at their incomes. That is TRUE capitalism, but we’re not seeing that happen… because we have a bunch of fascist oligarchs running the country. Talking about who “needs” what IS subjective, but you honestly can’t tell me that you can compare a solitary man needing billions, to the average person who survive son less than 5 dollars per day on food. That’s no longer capitalism, it’s just plain criminal. Both capitalism AND communism aren’t the problems; it’s the phony legislation that gets passed that only serve to entertain the whims of the most powerful people. We are the slaves, and they are our owners.

          • Malcolm Reynolds

            “redistribution of wealth” to the people who actually deserve more
            Because that’s different. It’s not. Who gets to decide who “deserves”?
            You’re an economically illiterate, ignorant buffoon.

        • merrileerj

          So anyone who does well financially without stealing is a bad guy. And should spread his wealth around to those who don’t earn anything & feel entitled. I see.

          • RTL89

            And you don’t consider investing in peoples’ bankruptcies and layoffs as stealing? Those people didn’t want to lose those jobs, but they did because those companies wanted to save money. And Buffet pockets the rest. So you agree with that model? I see.

      • SunnyFlaSnotress

        Thank you for the numbers. It may not be chump change, but really..how many billions does one need?

        • Malcolm Reynolds

          but really, who are you to determine what someone needs? And if you think you have the right to do so, why doesn’t someone else get to determine what you need?

          • Rorschach

            Precisely Malcolm.

          • SunnyFlaSnotress

            I am the Almighty Snotress.. It was a rhetorical question, MalcolmXLaxofTheMouth.

          • Malcolm Reynolds

            So that’s a NO, you will not answer who elected you king of determining who needs what.

            It was a rhetorical question,
            Nah, it’s leftard standard and coincidentally, I always get the same non-response you gave when I ask the same question.

          • SunnyFlaSnotress

            It is impossible to elect me king. however, Queen is worthy of me.

          • Malcolm Reynolds

            Who’s to say. Certainly not you, you heteronormative / gendernormative little fascist opressor.

          • SunnyFlaSnotress

            I can understand how heteronormalcy would upset you and your cohorts, but you were the one who made the king reference.

          • Malcolm Reynolds

            I can understand how heteronormalcy would upset you
            You’re the one that got indignant, you fascist.

          • SunnyFlaSnotress

            Corrective, not indignant.

          • Malcolm Reynolds

            Yup, indignant

          • Richard

            Normality, please. (“Normalcy” is not a word).

          • RTL89

            In case you haven’t caught on by now, dictating to the peons what they are worth has been going on for decades now, and only until recently has it been done with extreme impunity. People like the ordinary labourer who continue to subject their bodies to all kinds of physical torments so they can make a dollar, while that dollar continues to plummet in purchasing power, is NOT justified by the fact that the remainder of the money lines the pocket of people like Buffett… who placed bets on the hardships and suffering of those involved. So you’re basically defending those actions, am I right?

          • Malcolm Reynolds

            Judging by your comment, you’re economically illiterate. You haven’t the first clue that how much money Buffet has, has exactly ZILCH to do with the value of the dollar.
            So you’re basically admonishing those actions based on your ignorance, am I right?

          • RTL89

            The cost of living goes up exponentially for the 98% so that the richest 2% can borrow endless amounts of cash into existence and use it to rob the future, so that when employers can’t pay their employees decent wages anymore and their companies start to tank, those richest make bets on this pattern of suffering and they find themselves millionaires. The fact that you condone and look towards this method of thievery with complete aspiration, makes you just as bad as them. Without labourers – aka the ones who actually DO the work – people like Buffett would never have as much money as he does.

          • Malcolm Reynolds

            can borrow endless amounts of cash into existence and use it to rob the future

            There’s that economic illiteracy again. Sorry, I didn’t get past this little gem. Thanks, but no thanks.

          • RTL89

            The fact that you didn’t “get past this little gem” is exactly why we have indoctrinated sheep out there who believe that absolutely NOTHINg is wrong in the economy. Yep, no problems with wealth inequality out there, no sir-ee!! And if you try to state as such, you’re “illiterate!”

          • Malcolm Reynolds

            exactly why we have indoctrinated sheep out there

            Said the buffoon advocating redistribution of wealth and voicing the assertion that accumulation of wealth by a single person is what’s caused the value of the dollar to go down.

            Yep, no problems with wealth inequality out there, no sir-ee!! And if you try to state as such, you’re “illiterate!”
            You’ll kindly cite where I EVER said wealth inequality isn’t an issue. My entire comment history is open. Ready…set…go. That’s what we call a strawman boys and girls. Back here in reality, I simply mocked you for your less than factual grasp of the causes and the absolutely idiotic remedy prescriptions.

        • Richard O. Mann

          The more, the merrier.

        • Lao Tzu

          Two or three would be fine for me. How much does Buffet need? I don’t know, you can ask him.

  • vigilant

    Start farming.

  • Mad Monkey

    “But we aren’t hearing much about this financial carnage on the news yet, are we?” Chinese stocks in trading halt today (Monday) down 7%, Japanese stocks down -3.08% This should make news and US futures down down. 2016 is crunchy time – no way in my mind the economy can survive 2016..

    • alan

      I still think there is a lot of ink left in the printer. If thats not enough we’ll start a larger ME war. Need more of a distraction, something will pop up round July and Trump will be dropped as a candidate, giving Killery the win. Then Ebola or SARS or some cr@p will pop up. The news has become a revolving door of disaster shenanigans.

      • Mad Monkey

        It is a big system taking time to unwind, But remember the ink pen started in 2008 and is still going. Stocks down today and gold price up like +$14. The big question is fundamentals finally coming into play (chickens coming home to roost). Yes never let a good disaster go to waste, so gov will exploit any disaster. I also see all over the world bad record weather storms flooding etc… The pupped master are not in complete control. I am thinking Sept Oct this year?? – so some way to go, but not long

        ‘Michael’ is posting interest rates increase should see an acceleration of the unwinding? When do these fundamental start working? China manufacturing is what is causing the problem..

  • herb banning

    Let’s say it as nicely as possible … we are all reading good truthful facts on the economic collapse blog true … well what we who have open eyes and open ears and caring hearts can see the whole picture … the environmental convulsions increasing … the power games manipulating … the terrorist cells planning … and the debt bubble exploding … and so what do we have and what are we heading into … you got it … theeconomiccollapse … it’s not too far away, but as Michael writes, this is so needed to get humanity back onto the right road … the one all lit up … and so let’s share our hearts … let’s help the poor, let’s feed the hungry, let visit the lonely, let’s clothe the naked … let’s love one another as we would love ourselves

    • Lennie Pike

      Let’s stop using their money.

    • GSOB

      Psalm 126:6

    • Steeve Girard

      It will not work, if you do not have first, the energy, and second, the infrastructure to do it. What we are facing is energy starvation.

  • K

    You ask, why can people not see? 1. Because people are paid, to go on forums like this, to lead people astray. 2. People in the news media, are paid not to report certain stories. 3. A great many people believe, if you ignore a problem, it will go away. 4. The ignorance is bliss crowd. I could go on, but you get the idea. The main thing I would remind you all of. If things get truly bad. Many are going to snap. Some will try to hurt others, some will try to hurt themselves. The incidences of both, already seem to be picking up. And we are at just the earliest stages, of what is coming.

    • df NJ

      I hear the paid comment all the time. What evidence do you have for this? How can I get job posting BS on some blog?

      • Rorschach

        Why don’t you actually look it up or you know Google it df NJ. It’s not a myth and it’s not fiction.

      • A*w*y*t*m*r*o*

        Ask Michael. He is doing it. :-)

        • Rorschach

          Ask yourself how quickly you will be banned and how quickly your comments will be deleted.

          • I’m a panty wearing snitch

            Have you ever been referred to as a cockgobbler?

        • merrileerj

          Wow, you are as stupid as you sound.

      • merrileerj

        I was thinking the same thing & could use a work-from-home scam, er, job.

      • Rorschach

        Ask Michael. He has been doing it for years.

  • Heinrich van Rooi

    Early in June/ July I done analysis on the Oil Market and i did predict it to fall to $35 a barrel, In Late November the way that I saw the stock markets behave I mentioned the setup for a crash moods…I think overall for January the markets will start decline at a rapid speed…

  • Ghostrider 3

    Having watched this blog for about a year I think its time I step in to the discussion. If anyone wants to understand why the markets have remained seemingly un-phased by other major down turns in other world sectors, try taking a look at the movie, “The Big Short”. Surprisingly someone in Hollywood gets it. It very accurately demonstrated how the major investment bankers controlled the market during the mortgage backed securities crisis and eventual crash it caused in 2007/2008. In the very last weeks prior to that crash the banksters unloaded 100s of billions of worthless securities on unsuspecting and trusting smaller investment groups…many in Europe …only then did the crash come. Those same banksters have begun offering those same securities in late 2015 renamed and repackaged…Michael may be off a little in his timing…but not in his prediction. In the 2008 crash those that saw it coming and shorted the market were incredibly frustrated that their analysis seemed to be wrong when it didn’t crash when they were sure it would….I the end the guys that went short made huge futures.

    • Mike Smithy

      Jail the banksters and politicians.

      • Rorschach

        That should have happened. Iceland definitely took the steps but the Americans don’t have the necessary willpower or political power to do such a thing. As such they are doomed to repeat 2000, 2008 and the previous financial crisis-es. The problem is that each one gets worse and worse and this is the “Third wave” as Goldman Sachs calls it.

        • SunnyFlaSnotress

          Do tell us where you are Rorschach.. or are you another poster who mocks America while being too ashamed to admit which country you’re from.

          • Rorschach

            Nice try (pathetic try actually Sunny) but why would I tell you anything? Now why don’t you go back to trolling other online communities and websites which is where you might perhaps make your quota (barely).

          • SunnyFlaSnotress

            Too ashamed.. check!

          • Rorschach

            Nice assumption there troll. Don’t worry I still won’t tell you anything. If you keep muttering to yourself about voting for Obama maybe you will be considered sane among your fellow sheeple.

          • SunnyFlaSnotress

            It’s not worry.. it’s observation.. I was one of the few and responsible at Obama’s first primary when I didn’t vote him in.. a stitch in time saves nine, but I was in the minority. I account to nobody.

          • Rorschach

            You account to your head-troll masters at media matters. It sounds to me like you are still delusional. So where is that Obama flag you were waving around before?

          • GSOB

            To God we all are accountable.

        • Steeve Girard

          This crisis is about to end with a propping of some kind from the Fed. Unless they realised the futility of it.
          .
          But like any of the patches… they are designed to fail within 7 years. which means there will be another shock around 2022 and the last shock around 2030.
          .
          If we did not find a new source of cheap energy by 2030… the pressure of failing energy, will cause the economy to downsize back the what it was in the 19th century, very rapidly. The Saudis knows that, and they are making a fire sale of oil. Because they want oil to sold and not be caught with it, when a new technology takes over oil, or the support technology needed for oil goes down, due to energy starvation!

    • SunnyFlaSnotress

      A little off in his timing?
      Do you realize that Mike has been warning of doom for years upon years?

      • Bill G Wilminton NC

        GHOSTRIDER is speaking of The Red Alert……why do I and others realize this but NOT you.
        Go see The Big Short movie and get a large popcorn to help the economy.

        • SunnyFlaSnotress

          You’re putting words in his mouth, Pill.. Let him speak for himself.

          • Rorschach

            Sunny you are one to talk especially when you do so by insulting Bill calling him Pill. Then again your popularity speaks for itself when all you can do is troll and insult the author.

          • SunnyFlaSnotress

            Yes, I am on to talk.. and your point is?
            I’m not here to win a popularity contest.

          • Rorschach

            You might want to brush up your grammar and spelling first Snotty. Nice nickname you received there.

          • SunnyFlaSnotress

            What grammatical and/or spelling error(s) are you referring to?

          • Rorschach

            It should be obvious but an individual with a lack of IQ might not identify it (such as yourself).

          • SunnyFlaSnotress

            See, you’re just running away from your own lack of facts Rorschach. You are simply telling us your own biased personal perceptions.. so typical of you

          • Rorschach

            Keep talking Sunny. You actually have to make valid posts and comments in order to qualify for your quota. That’s too bad though.

          • Bill G Wilminton NC

            Snotty cannot comment on financial economics because of a lack of financial understanding so just like a terrier barks yelps and yips but never adds financial input to the structure of a post.

            And who cares what SNOTTY says ! I just try to share info to help others not get led astray.

            Shalom

          • Rorschach

            Your right Snotty is already typing a response to your comment. She gets paid per post.

          • SunnyFlaSnotress

            Pill, I speak of financials plenty. I’m not going to cut and paste for you. Don’t you have a kkk march to attend or something?

          • Rorschach

            Considering that your entire argument Sunny shows just how ignorant and what a pitiful being/individual you are you shouldn’t continue to waste your post quota. It won’t count anyway especially with your lack of understanding of basic financials. Wasn’t your entire argument about how Michael was wrong about Event A, etc… Now you are backpedaling like a pathetic waste that you are.

          • SunnyFlaSnotress

            Ad hominem won’t stop me from reaching my full quota potential.

          • Rorschach

            That’s too bad because you are worthless as a troll anyway. It seems the consensus is that you are a failure as a troll as well. You can keep on denying it but reality will hit you eventually (if it ever does).

          • SunnyFlaSnotress

            I know that you and Pill are in bed together, but surely you don’t speak for the norm.

          • Rorschach

            So your popularity doesn’t speak for itself? I know you are having issues but you really shouldn’t bring up bedroom issues.

          • SunnyFlaSnotress

            I made a wish upon a star
            I could have a brand new car
            Got tired of wishing
            So I stole one
            Seventeen and knew it all
            My dreams were big
            But my thoughts were small
            So many roads somehow I chose
            The wrong one
            But Jesus and Mama always loved me
            Even when the Devil took control
            Jesus and Mama always loved me
            This I know
            I felt tried most all my life
            Found new kinds of lows and highs
            Never been a husband but I’ve had
            A lot of wives to hold me

            Headstrong, stubborn, couldn’t be told
            Like a wild horse that couldn’t be rode
            A rainbow chaser hungry for gold
            And still searchin’

            But Jesus and Mama always loved me
            Even when the Devil took control
            Jesus and Mama always loved me
            This I know

            I wish Mom could see me now
            And how I’ve turned it all around
            Lately I’ve been going down
            The right road

            Life’s a picture that you paint
            With blues and grays, cans of canvas
            Heaven knows I’m not a saint
            But I know

            Jesus and Mama always loved me
            Even when the Devil took control
            Jesus and Mama always loved me
            This I know

          • Lennie Pike

            Yes you are a failure – big time and pathetically.

            You enormously help make our truthful information and arguments more believable to the newbie financially uninformed.

            You are doing a terrible job – please keep it up. Thank you!

          • SunnyFlaSnotress

            I believe that I increase the board’s banality.. that doesn’t increase your believability.. but yes, i do a great terrible job.. you’re welcome :)

          • Rorschach

            You give more meaning to the word Sheeple Sunny that is your contribution as a troll the whole entire time you are here.

          • Lennie Pike

            That was it.

          • Jill

            KKK march? Generally, the ad hominem is best avoided when you purpose is to meaningfully state your point and engage in a dialogue.

          • SunnyFlaSnotress

            Every Ad Hominem deserves some Ad Hominem in return.
            Yes, I was telling Pill about the KKK marches in downtown areas of NC when I was there. Pill is in NC.

          • SunnyFlaSnotress

            Bill is a Pill, and he earned the nick after giving me a moniker.

          • Rorschach

            Your reputation precedes you Snotty. You seem to be well liked (not at all).

          • Daddyotis

            Try to go easy on Sunny. Even worthless trolls forget their meds sometimes

          • SunnyFlaSnotress

            I am med-free,thank you. I know that makes me a minority. Lock yourself away accordingly. :)

          • Lennie Pike

            Ignore it and don’t respond to it. It is an enemy and a liar.

            Demons don’t have genders.

          • Lennie Pike

            Demons get their power from the insults and negativity they provoke from those they provoke into anger.

            Let’s stop feeding it by being extremely nice and gentle and it will die and go away.

            Maybe the real Sunny will come out, and it will be good – kinda like Linda Blair after a bad night.

            Oops, I did it again, but I am going to start being nice maybe after one more time. It’s a hard thing to accomplish – but with Jesus Christ’s help, possible. With God, everything is possible!

          • SunnyFlaSnotress

            hehehe.. Linda.. u wish.. I will be here w/you for a long time…like it or not.

          • bigskygrl

            But why for a long time? Do you have not a life?

          • GeorgeG

            Beat it shill.

          • SunnyFlaSnotress

            No shill here,smiley boy.

          • Rorschach

            Denial by the shill as always.

      • Jill

        Do you honestly believe that the fiscal world has been healthy over the past decade?

    • Bill G Wilminton NC

      Yes I saw The Big Short TWICE and did posts to many on this site recommending this movie.

      Shalom

    • Richard O. Mann

      What exactly is a “short”? Sorry, I’m not all that Wall Street savvy. Shorts, puts, strange words. I just know it seems like one crazy ride to some one on the outside.

      • SunnyFlaSnotress

        It’s a trade betting that a stock will go lower vs a standard trade (long) where the investor is looking for the stock to go up for gains.

        • Rorschach

          It took you that long to google it? No wonder you and your fellow Sheeple are doomed Sunny.

          • SunnyFlaSnotress

            Nope, I’ve short-traded numbers of times.

  • df NJ

    Bernie Sander’s FDR rhetoric is sounding pretty good. He collected more money from small donations (average $27) last month than Obama did in 2007. People are just eating this stuff up:

    “An old English judge once said: ‘Necessitous men are not free men.’ Liberty requires opportunity to make a living – a living decent according to the standard of the time, a living which gives man not only enough to live by, but something to live for.

    For too many of us the political equality we once had won was meaningless in the face of economic inequality. A small group had concentrated into their own hands an almost complete control over other people’s property, other people’s money, other people’s labor – other people’s lives. For too many of us life was no longer free; liberty no longer real; men could no longer follow the pursuit of happiness.

    Against economic tyranny such as this, the American citizen could appeal only to the organized power of government.”

    • Bill G Wilminton NC

      Wrong wrong wrong the organized power of government is what caused this.

      We need smaller government much much smaller ! Start with eliminating some gov departments like the Dept of Energy, Dept of Education….

      And your reference to living decent means living wage another socialist/communist term.

      You are a closet communist .

      We need less gov called laissez faire economics which is what built this country.

      • df NJ

        People in poverty demand more government not less. Sorry, but you are going to lose this argument at some point.

        • Bill G Wilminton NC

          The government NEEDS people in poverty for VOTES.

          When we WERE a country people worked and there were HELP WANTED signs all over. That is not good for controlling people !.

          The Federal Reserve Act was passed in 1913 the great depression started 16 years later. Since 1913 our dollar has lost 97 % of its value. That is GOVERNMENT at work.

          Your theory is give everyone a fish my theory is give everyone a FISHING POLE..

          You want section 8 HOUSING I want section 8 FACTORIES.

          You are a communist. I believe in Laissez Faire.

          • Gay Veteran

            “…I believe in Laissez Faire.”

            corporate power MUST be balanced by something (unions, government regulation, etc.)

          • awb22

            Why, so they can work together? We already have a balance of power, unfortunately, they all conspire against their fellow man for their own interest, which is exactly why the founding fathers put a document in place to prevent it, to no avail.

            GWB’s version of laissez faire was no regulation and it brought us the GFC.

          • Gay Veteran

            did they work together in the 1950s?

          • awb22

            Isn’t that what Eisenhour was warning against?

      • Gay Veteran

        we were doing fine until the FDR era reforms were repealed by Slick Willie and others

    • Mike Smithy

      In all seriousness df, what is the difference between a National Socialist and a Democratic Socialist?

  • billtheguy

    A lot of my friends are sheep. They believe everything is fine. I try to convince them that life as we know it is going to change drastically. They still believe the mainstream media and the government will not let this happen. I tell them “Good luck with that.” Politicians, bankers, and the like are getting their money and ours and getting out, they know its coming. And a note: Warren Buffett will be fine!

    • Rorschach

      It’s funny how Sheep are often the first to panic. If they are this unprepared just what happens when there is another TARP bailout and hyperinflation?

    • “There are none so blind, as those who will not see.”

  • gary hillerich

    the one thing i really do hate to see: Gold man Sacks says this,,this,and this..that’s akin to Barack the drone Obomber saying ANYTHING…

    our POTUS,,cold blooded child murderer “n” thief, is a serial LIAR just like “the Sacks of Gold man”..every word out of Obomber’s piehole is a flat out LIE his juice masters tell him to tell us..

    “Whenever destroyers appear among men, they start by destroying money, for money is men’s protection and the base of a moral existence. Destroyers seize gold and leave to its owners a counterfeit pile of paper. This kills all objective standards and delivers men into the arbitrary power of an arbitrary setter of values. Gold was an objective value, an equivalent of wealth produced. Paper is a mortgage on wealth that does not exist, backed by a gun aimed at those who are expected to produce it. Paper is a check drawn by legal looters upon an account which is not theirs: upon the virtue of the victims. Watch for the day when it bounces, marked: ‘Account Overdrawn'” – Ayn Rand

    ..I’m using the non-federal no-reserve Currency Counterfeiting Corporation’s counterfeit paper and digits, and buying silver
    truckloads of it..it presently sells for about a buck an ounce in 1970 dollars..a dollar an ounce is what cost back in 1970! currently it is priced 80-1 compared to gold..they manipulated the price ,and why ? because TPTB are buying it by the truckload..the goyim won’t buy it..won’t touch it unless the price is high,and is going up ,up,up higher..IT WILL..patience..time..i sleep like a baby having gold and silver..REAL MONEY..

    silver is REAL MONEY for WTSHTF..I will be then be living in a mansion in a tropical climate country somewhere ion the world where the NWO hasn’t completely destroyed it or rule over it ..yet..

    • merrileerj

      Sacks of Gold Man! LOL! Wow you’re buying truckloads of silver….wish I had that option. I just bought some water & cans of tuna.

  • at the last news it was even 350 points…

  • Heinrich van Rooi

    What I have wrote Under Michael article: The Stock MARKET will starting fall in July?The Dow plummeted more than 500 points last Week: Oil price did fall to $35.00 a dollar

    China is falling again this morning…Early in July I did say the US markets are weeks if not days from a decline to a crash… I did happen precisely as I said…Take a look my disqus.. also my comments from April. Here in Michael’s newest article he mentioned something about oil companies earnings starting to hurt… Well the next oil crash is on the cards.. don’t be surprise if we see oil prices heading to $35.. not long ahead..

  • jakartaman

    It may have started – lets see what the big boys do to stop the bleeding or
    are they all positioned to let it crash? – I guess we will see soon enough

  • Scoopie

    Stocks are down 400 as of right now.

    • Rorschach

      They were at -438 a few minutes ago. Now it’s still -400 and lower and counting. What a great start to 2016.

      • Lennie Pike

        At about that same time, Rick Santelli of CNBC conducted his first interview of the year with some big shot Wall Street broker who said we need a Fascist government for everything to work properly – because money liked it that way – literally came right out and said it.

  • Itscoming

    It is about to get ugly. Have a plan and be ready.

  • Kim

    Looks bad today on the stock market. Not that it matters much. The PMI (manufacturing) data out of China is what matters today. Pretty bad.

    And Yellen’s rate hike turned out to be at 10 bp right back to where it was before the so called rate hike. Haha. In other words, there has been no rate hike. I wonder if we will get the four more rate-hike-nots this quarter.

  • Daddyotis

    Michael; PLEASE do something about Snotress taking this discussion section hostage. Sunny is obviously a troll being paid for every misleading obfuscating rant he/she posts. I know you are trying to be the bigger person by allowing all to have a say on this thread, but we’re at (and have been at for quite some time) the point where Snotress is clearly not interested in offering any opinion at all (pro or con) to the debate. Please block Snotress so the rest of us who care about the topics posted here can continue the discussion without constantly getting insulted. Thanks for your consideration on this.

    • Kim

      I believe these “posters” are all one and the same person. And I agree- this person should be banned. His/her presence here violates forum policy.

      • A*w*y*t*m*r*o*

        You’re wrong.

        • Rorschach

          Oh and look who is it. Somebody just begging to be banned again.

          • Kim

            They all have the same sort of writing style and tone.

          • Creepy Pedro

            jazz is his name

          • merrileerj

            thought you ran out of entitlements & went back to Mehico….

          • Creepy Pedro

            hey jazz how’s that bullish call going? Im in Mehico, Puerto Vallarta….it’s wonderful here!

          • Kim

            Yep. Among others

      • Rorschach

        They are either the same or simply part of the same troll organization such as media matters. Either way the comment section doesn’t need such trolls/sheeple.

    • SunnyFlaSnotress

      lol.. You make me feel special.
      But I’m sure Mike sees my point in refuting Pill’s asserting of his own opinions as though they belong to other people.

      • Rorschach

        You make a point Snotty? Don’t kid around. You have shown what a paid troll you are nothing more.

    • merrileerj

      I think it just comes back under different names, someone that did this said they just change their name & get back on…..so don’t know what good it would do to block the snotyuck…..maybe if no one answered it-I know it’s hard-it would go away. Perhaps to the menopause forum or something. And now it will reply to me. Yuck.

    • GSOB

      Do not block her. Go take a hike.

  • John Ashcraft

    Michael is not off in his timing because he was a lawyer and lawyers have lots of paralegal abilities.

    In September, Michael mentioned these countires collapsing in stocks: US, China, Japan, Brazil, Great Britian, Russia, India, Germany, just to name a few. There were 10 at that time. Canada is number 11.

    I stand up for Michael.

    Even George Soros said to get out of the banks now.

    1932 was a Sabbath/Shemitah year and 1933-36 was the depression.

    Today, inflation is 75 percent or higher in America than last year or even 10 years ago and in other parts of the globe, it is probably closer to 100 percent increase.

    Then add in stock market crashes now with a global depression coming on and you get Revelation Seal 3 being fulfilled.

    Revelation 6:5. And when he had opened the third seal, I heard the third beast say, Come and see. And I beheld, and lo a black horse (Zec 6:2); and he that sat on him had a pair of balances (Ezek 4:16) in his hand.

    Balances: The expression denotes great want and scarcity.

    On opening the third seal, a black horse appeared; a color denoting mourning and woe, darkness and ignorance. The black, signify the dismal consequences of war, famines, pestilences, and desolations. He that sat on it had a yoke in his hand. Attempts were made to put a yoke of superstitious observances on the disciples. As the stream of Christianity flowed further from its pure fountain, it became more and more corrupt. During the progress of this black horse, the necessaries of life should be at excessive prices, and the more costly things should not be hurt. According to prophetic language, these articles signified that food of religious knowledge, by which the souls of men are sustained unto everlasting life; such we are invited to buy, Isa. 55:1. But when the dark clouds of ignorance and superstition, denoted by the black horse, spread over the Christian world, the knowledge and practice of true religion became scarce. When a people loathe their spiritual food, God may justly deprive them of their daily bread. The famine of bread is a terrible judgment; but the famine of the word is more so.

    6. And I heard a voice in the midst of the four beasts say, A measure of wheat for a penny, and three measures of barley for a penny; and see thou hurt not the oil and the wine.

    The rich are cushioned by their wealth from the effects of economic inequality and scarcity; but the poor, who must pay a day’s wages (literally, “a denarius”; see Matt 20:2) for starvation rations, are brusquely ordered not to meddle with (or “damage”) the olive oil or the wine., now luxuries far beyond their means.

    Weighing the bread is a sign of a curse, according to Leviticus 26:26, “They shall dole out your bread by weight; you will eat, but you will not be satisfied.”

    Penny: (Gr. denarion), a silver coin of the value of about 7 1/2d. or 8d. of our present money. It is thus rendered in the New Testament, and is more frequently mentioned than any other coin (Matt. 18:28; 20:2, 9, 13; Mark 6:37; 14:5, etc.). It was the daily pay of a Roman soldier in the time of Christ. In the reign of Edward III. an English penny was a labourer’s day’s wages. This was the “tribute money” with reference to which our Lord said, “Whose image and superscription is this?” When they answered, “Caesar’s,” he replied, “Render therefore to Caesar the things that are Caesar’s; and to God the things that are God’s” (Matt. 22:19; Mark 12:15).

    • Gay Veteran

      oh no, not more Shemitah BS

  • df NJ

    google “Everything Is A Rich Man’s Trick” has anyone seen this video?

    How true do you think it is or is it just conspiracy BS? Especially the last 30 minutes of the film. Do you think there’s any truth to the conjectures?

  • Steve Hansen

    The 7,8 billion lost was only a paper loss, not a real loss was it? I’m just asking…!

    I like your blog, and for the most you’re right regarding what you write about. At least I believe so.., but regarding timing I don’t agree.

    As long as there is trust in the system from most people this fantasy economy will continue. 2016 will be business as usual with probably many big ups and downs!

    • Creepy Pedro

      There was trust in the system in 2007-2008 as well, what you dont understand is, the system right now is more leveraged on cheap money than ever. The system will take itself down regardless of QE packages.

      • Steve Hansen

        I both understand and agree with you, and when it goes down it’s going to be a lot worse than last time. There is no way out, and that’s why I believe it will take time and it’s going to be a rough business as usual in 2016.

        Just one way to find out!

        • Creepy Pedro

          Its being brought down now….very slowly however.

    • df NJ

      The Queen of England has 33 trillion in wealth (if you include the land she owns). The Rothschilds have over 100 trillion in wealth. And we barely have enough money to keep our cars running and our houses in good repair and savings for retirement. No end of poverty in site. And it’s only going to get worse and worse. Why?

      “Give me control of a nations money supply, and I care not who makes it’s laws”. Mater Amschel Rothschild

      • Steve Hansen

        You got it right! It’s getting worse because somebody can make money out of thin air..

  • df NJ

    “I don’t have to tell you things are bad. Everybody knows things are bad. It’s a depression. Everybody’s out of work or scared of losing their job. The dollar buys a nickel’s worth. Banks are going bust. Shopkeepers keep a gun under the counter. Punks are running wild in the street and there’s nobody anywhere who seems to know what to do, and there’s no end to it. We know the air is unfit to breathe and our food is unfit to eat, and we sit watching our TVs while some local newscaster tells us that today we had fifteen homicides and sixty-three violent crimes, as if that’s the way it’s supposed to be.

    We know things are bad – worse than bad. They’re crazy. It’s like everything everywhere is going crazy, so we don’t go out anymore. We sit in the house, and slowly the world we are living in is getting smaller, and all we say is: ‘Please, at least leave us alone in our living rooms. Let me have my toaster and my TV and my steel-belted radials and I won’t say anything. Just leave us alone.’

    Well, I’m not gonna leave you alone. I want you to get MAD! I don’t want you to protest. I don’t want you to riot – I don’t want you to write to your congressman, because I wouldn’t know what to tell you to write. I don’t know what to do about the depression and the inflation and the Russians and the crime in the street. All I know is that first you’ve got to get mad. (shouting) You’ve got to say: ‘I’m a human being, god-dammit! My life has value!’

    So, I want you to get up now. I want all of you to get up out of your chairs. I want you to get up right now and go to the window. Open it, and stick your head out, and yell: ‘I’m as mad as hell, and I’m not gonna take this anymore!’

    I want you to get up right now. Sit up. Go to your windows. Open them and stick your head out and yell – ‘I’m as mad as hell and I’m not gonna take this anymore!’ Things have got to change. But first, you’ve gotta get mad!…You’ve got to say, ‘I’m as mad as hell, and I’m not gonna take this anymore!’ Then we’ll figure out what to do about the depression and the inflation and the oil crisis. But first, get up out of your chairs, open the window, stick your head out, and yell, and say it: ‘I’m as mad as hell, and I’m not gonna take this anymore!”

    • Steve Hansen

      That’s not going to help you at all if you not want to end up in jail. You got to play your cards a little better than that.

    • merrileerj

      It’s my money and I want it back!! Call J G wentworth, 877-cash-now….877-cash-now!!!

  • Mondobeyondo

    2015 was the beginning of another financial crisis. This one will be far more widespread than the one in 2008-10, because it will be global. Everyone from Buenos Aires to Boston to Bangladesh is going to feel the pain this time. America got hit hard in the last financial crisis. Get ready for a Muhammad Ali style punch to the jaw this time around.

    A national debt north of $18 trillion. Massive exposure to derivatives. An industrial base that is gutted. A middle class that is being gutted. When it does hit the fan, recovery will be extremely difficult, if not impossible. We may have the will to come back, but the money and tools won’t be there. What will we make for the rest of the world to purchase? Hamburgers?

    • Rorschach

      What about a 23% unemployment rate (Shadowstats), $211 Trillion fiscal gap, Massive American banking exposure to derivatives, student loan bubble, car loan bubble, etc… all make for the perfect storm.

  • Marko

    Many brainwashed economists say that the next economic crisis won’t be worse than 08 because “the financial system is in much better shape”. Their argument is that US banks have greatly increased their tangible common equity. Can someone please (explain)debunk this?

    • Bill G Wilminton NC

      How about Tangible Common Debt lol. The debt was never cleared from 08 crash. As shown below !

      The banks are carrying an unknown amount of non performing mortgages. An example: a friend of mine in NJ is living in a house ( his house ) but he has not paid a mortgage payment in 6 years . He is now in his 7th year. The bank even pays his taxes ( taxes 18K ) and insurance( 5K ) He has said to me ” I wonder how many houses on my street or in my town are in the same position “. This is collusion between the banks and the government…….they know that the floor is rotten out and the only thing holding everything up is HIDE IT HIDE IT…….til the time is right to accomplish NWO. Then whoosh it will be far worse than 1929.

  • Donald Cameron

    Observing the worldwide markets for 2 decades now has been educational to say the least. Having a great federal job has been helpful during hard times. But, starting my own Amway Independent Business has been totally awesome as it shields my family with constant growth. Amway has consistently grown (even in major downturns) and we now don’t worry about layoffs or needing a job. I could have invested in gold but decided to listen to the person that showed me what Amway could do for me. Thankful I did.

  • Richard O. Mann

    Someone mentioned that Michael has been preaching doom and gloom and the fall of western society on this blog for a number of years. For the Bible believers here, remember that Noah preached for 120 years that the earth was going to be destroyed by a flood. And, in that time, he got zero converts to get on the ark other than himself and family. And, from all accounts, all the people on the outside of the ark were really surprised when it started to rain, and then panic stricken when the waters got higher than they could escape. So, I see it the same today. When it happens, there will be millions who will be screaming, “why didn’t some one warn us?” Keep it up Michael. Things are about to get interesting.

    • RedPillPlease

      I’ve read from Dr. Thomas Horn where 3 Jewish Rabbi’s have claimed to “see the Messiah!” … in just the past few months. A direct warning from Jesus in Matthew 24:23 to not believe them.

      • GSOB

        Fulfilled, then.

    • df NJ

      I have faith in an all-powerful, all-loving, all-merciful God. God would not allow us to suffer that way. God loves us way too much to allow so many to get hurt so badly. You can’t shake my faith with your negativity about God.

      • GSOB

        Right……….
        You will reign with Him if indeed you suffer with Him.
        Read the hall of fame of the
        ‘faith’
        Hebrews 11

    • GSOB

      Fire. No global deluge next time.

  • Lennie Pike

    The most important achievement of the anti-Constitutional and anti-Liberty globalist fascist traitors in control of the U.S. Government and financial “system” was the immigration into the U.S. of tens of millions of people from all over the world.

    Can you notice the difference out on our streets, in the schools, in the grocery stores, and out in the countryside with your own eyes???????????????????????????????????????????? In the television commercials???????????????? This is the most important ingredient in the overthrow and destruction of the U.S.A. and the creation of a one world government.

    Just today I noticed that the price of bacon and hot dogs had increased 20% from the last time I bought them two weeks ago. Yet the price of fuel that brings food to market and that’s used in the production of food is 1/2 the price of one year ago, and there are 100 million working age Americans out of the workforce with not much money to spend – THIS DOES NOT ADD UP !!!!!!

    The main reason for this inflation has to be IMHO (Ha!) that hundreds of billions of dollars are secretly and illegally being created to support these immigrants (to destroy us!) and the children they bring with them or that are born here. This is money that enters into circulation and has to do with the velocity of money. Trillions created to bail out a few banksters etc. do not have as much of an effect as billions placed in the hands of tens of millions of immigrant consumers.

    Americans are not only having their way of life destroyed and probably very soon many of them their actual lives – they are being forced through this inflation to pay for the privilege. Also to lose their jobs to these immigrants for the privilege.

    Wake up Americans and fight – no one other than about 1% of the people enjoy living in a fascist country. The fascists will become violent – the will have no choice.

    I guarantee you that Donald Trump is a liar and a globalist!!!!!!!!

    In other countries the people put up some type of fight. Here in the U.S.- crickets. Never in the history of the World has there been a more complacent, apathetic, ignorant, and cowardly people as the present day American.

    • Bill G Wilminton NC

      Lennie another excellent post………..

      Shalom

      • Lennie Pike

        Hey Bill – I say it mainly for that very reason that you mentioned – no criticism of the Federal Reserve. I guess he wants to remain alive though so you can’t blame him. I don’t guess he’s any Andrew Jackson or JFK, but someone like that is what we need right now. Also I know who his associates are, and who he had to and still has to depend on for his success. Roy Cohn (sp?) was his lawyer.

        Also, Trump has an abnormally huge ego bordering on mental illness which could easily affect his judgement to the detriment of Americans and the rest of the World. I don’t, think he is a good man but is extremely selfish and all about himself and those that can help him bolster his ego. Deep down I think he is very insecure. I don’t think he is interested in enforcing principles that would promote the well being of all – to me he has demonstrated that.

        I think TPTB know we are on the verge of a revolt and are giving us exactly what we want to hear so to buy themselves more time. Trump would be totally ignored by the MSM like Ron Paul was if he were on the side of Liberty and a country ruled by law and not men – ruled by the U.S. Constitution – law that is impossible for any one other than criminals to dislike if enforced evenhandedly.

        If Trump is elected he may even actually do some of the things he has said but they will be just enough and no more than necessary to keep the sheeple confused, the revolt at bay, and the same criminals that are in control on track to acheive total world tyranny.

        Take care.

        • Lennie Pike

          Trump is probably like Napoleon for the same reason – has a very small Bonypart.

          Sorry couldn’t help it.

          • Bill G Wilminton NC

            LOL………

  • Bill G Wilminton NC

    The Plunge Protection team kicked in at 3:20 and prevented the closing bell below 17,000 Dow……….plse go see the movie “The Big Short ” it is all about the 08 crash. The corruption of our financial system is beyond the beyond and never was corrected and no one went to jail.

  • GeorgeG

    Wonderful article…..shared it with family and friends.

    Very few truth-seekers that I follow have the ability to transcend economic and financial topics into simple concepts for the sheeple/non-awake to understand. Mike Maloney and John Rubino come to mind too.

    Keep up the ridiculously good work Michael.

  • GSOB

    By the time most figure it out,
    its to late.

  • NCOriolesFan

    I don’t get why the markets are NOT celebrating the failing price of oil. Since oil supposedly fuels the markets, it should be celebrating, not freaking out. People can finally get out of the house, spend and enjoy life. So why isn’t this GREAT news for economic growth?

  • Maneb

    Even worse than the economic facts….now it is getting harder and harder to even QUESTION the official line on ANYTHING! You risk being jailed or cut off if you question things. Eg global warming…Totalitarianism is on the move even in the US. No tolerance tolerated!!! Can gulags be far behind? Yes it can happen here! It IS happening! Wake up folks!

    • Lennie Pike

      George Soros.

  • Jerry L Woodard

    Great article…The consensus is the same with all of those who are willing to speak the truth. Keep truth alive!!!

  • Sheri

    Well it’s not like we’re in control of much of anything. This old granny is just going to keep the pantry stocked with the garden bounty and the garden seeded like always. Maybe put in an extra row of tatters and zucchini. They make great chips! Keep an eye out for the other neighbors that might be struggling in life, invite a few more over for the Sabbath supper. Food taste so much better when shared with friends and family and don’t forget to say your prayers and be thankful for what you do have.

  • bigdo

    Can’t stop what’s comin… Whether you see it or not.

  • B

    I am not sure what is going too happen in 2016 but I am preparing myself in case it’s 2008 all over again.

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