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Why Are The IMF, The UN, The BIS And Citibank All Warning That An Economic Crisis Could Be Imminent?

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Question Sign Red - Public DomainThe warnings are getting louder.  Is anybody listening?  For months, I have been documenting on my website how the global financial system is absolutely primed for a crisis, and now some of the most important financial institutions in the entire world are warning about the exact same thing.  For example, this week I was stunned to see that the Telegraph had published an article with the following ominous headline: “$3 trillion corporate credit crunch looms as debtors face day of reckoning, says IMF“.  And actually what we are heading for would more accurately be described as a “credit freeze” or a “credit panic”, but a “credit crunch” will definitely work for now.  The IMF is warning that the “dangerous over-leveraging” that we have been witnessing “threatens to unleash a wave of defaults” all across the globe…

Governments and central banks risk tipping the world into a fresh financial crisis, the International Monetary Fund has warned, as it called time on a corporate debt binge in the developing world.

Emerging market companies have “over-borrowed” by $3 trillion in the last decade, reflecting a quadrupling of private sector debt between 2004 and 2014, found the IMF’s Global Financial Stability Report.

This dangerous over-leveraging now threatens to unleash a wave of defaults that will imperil an already weak global economy, said stark findings from the IMF’s twice yearly report.

The IMF is actually telling the truth in this instance.  We are in the midst of the greatest debt bubble the world has ever seen, and it is a monumental threat to the global financial system.

But even though we know about this threat, that doesn’t mean that we can do anything about it at this point or stop what is about to happen.

The Bank of England, the UN and the Bank for International Settlements have all issued similar ominous warnings.  The following is an excerpt from a recent article in the Guardian

The IMF’s warning echoes a chorus of others. The Bank of England’s chief economist, Andy Haldane, has argued that the world is entering the latest episode of a “three-part crisis trilogy”. Unctad, the UN’s trade and development arm, would like to see advanced economies boost public spending to offset the downturn in emerging economies. The Bank for International Settlements believes interest rates have been too low for too long, encouraging too much risk-taking in financial markets. All of them fear that the global financial system is primed for a crisis.

I particularly like Andy Haldane’s likening our current situation to a “three-part crisis trilogy”.  I think that is perfect.  And if you are familiar with movie trilogies, then you know that the last episode is usually the biggest and the baddest.

Citigroup economist Willem Buiter also believes that big trouble is on the horizon.  In fact, he is publicly warning of a “global recession” in 2016

Citigroup economist Willem Buiter looks at the world landscape and sees an economy performing substantially below potential output, which he uses as the general benchmark for the idea of a global recession. With that in mind, he said the chances of a global recession in 2016 are growing.

“We think that the evidence suggests that the global output gap is negative and that the global economy is currently growing at a rate below global potential growth. The (negative) output gap is therefore widening,” Buiter said in a note to clients. He added, “from an output gap that was probably quite close to zero fairly recently, continued sub-par global growth is likely to put the global economy back into recession, if indeed the world ever fully emerged of the recession caused by the global financial crisis.”

Usually when we are plunged into a new crisis there is some sort of “trigger event” that creates widespread panic.  Yesterday, I wrote about the ongoing problems at commodity giants such as Glencore, Trafigura and The Noble Group.  The collapse of any of them could potentially be a new “Lehman Brothers moment”.

But something else happened just yesterday that is also extremely concerning.  Just a couple of weeks ago, I warned that the biggest bank in Germany, Deutsche Bank, was on the verge of massive trouble.  Well, on Wednesday the bank announced a loss of more than 6 billion dollars for the third quarter of 2015

Deutsche Bank’s new boss John Cryan set about cleaning up Germany’s biggest bank on Thursday, revealing a record pre-tax loss of 6 billion euros ($6.7 billion) in the third quarter and warning investors of a possible dividend cut.

Write downs, impairments and litigation costs all contributed to the loss, the bank said.

Cryan became chief executive in July with a promise to cut costs. The Briton is accelerating plans to shed assets and exit countries to shrink the bank and is preparing to ax about 23,000 jobs, or a quarter of the bank’s staff, sources told Reuters last month.

Keep an eye on Germany – the problems there are just beginning.

Something else that I am closely watching is the fact that major exporting nations such as China that used to buy up lots of U.S. government debt are now dumping that debt at an unprecedented pace.  The following comes from Wolf Richter

Five large purchasers of US Treasuries – China, Russia, Norway, Brazil, and Taiwan – have changed their minds. They’re dumping Treasuries, each for their own reasons that are now coinciding. And at the fastest rate on record.

For the 12-month period ended July, sales of Treasuries by central banks around the world reached a net of $123 billion, “the biggest decline since data started to be collected in 1978,” the Wall Street Journal reported.

China, the largest foreign owner of Treasuries – its hoard peaking at $1.317 trillion in November 2013 – has been unloading with particular passion. By July, the latest data available from the US Treasury Department, China’s pile was down to $1.241 trillion.

Yes, I know, the stock market went up once again on Thursday, and all of the irrational optimists are once again telling us that everything is going to be just fine.

The truth, of course, is that everything is not going to be just fine.  Ever since I started the Economic Collapse Blog, I have never wavered in my belief that the greatest economic crisis that the United States has ever seen is coming, and I have written well over 1000 articles setting forth the case for the coming collapse in excruciating detail.  Nobody is going to be able to say that I didn’t try to warn them.

Those that have blind faith in Barack Obama, Wall Street, the Federal Reserve and the other major central banks around the planet will continue to mock the idea that a major collapse is coming for as long as they can.

But when the day of reckoning does arrive and crisis coming knocking at their doors, what will they do then?

  • robert

    Earth is groaning. Meanwhile, the deckchairs on the Titanic have to be rearranged and parties planned ’cause nothing can happen to ‘merica. We are just too big to fail. Sigh.

    • ProclaimingGodsTruth

      Sad is it sounds you hit the nail on the head. America has become extremely pompous and prideful. That I’m afraid will contribute to it’s slam dunk!

      • afchief

        We reap what we sow! It’s not judgement!

        • Watchman

          Problem

          Reaction

          Solution

          hegelian dialectic in action

    • SunnyFlaSnotress

      Ecclesiastes 8: 15: “Then I commended mirth, because a man hath no better thing under the sun than to eat, and to drink, and to be merry: for that shall abide with him of his labour the days of his life, which God giveth him under the sun,”

      • GSOB

        Parrot

        • SunnyFlaSnotress

          Wow.. you call a bible-quoting woman a parrot. No wonder you have so much time on your hands. All the women at your church don’t like you.

          • GSOB

            I like parrots too.

    • O’ChiefHusseinChimp

      The titanic is at that point whereby the back end is now rising out the water as it’s about to snap in half. When that happens the sinking floating tin can of ego, hubris and arrogance will then sink like a bullet into the freezing, dark, hull crushing depths to the bowels of the earth.

      That’s civilization right now. All the facephuks, goggles, amacrap and social media apps will soon understand food, energy, water is key.

      America is dead beyond reason and you deserve it

  • J.L.W

    Me and friend been joking today…

    That on top of the insulting market rallies in defiance of any and all reality. MSM is now saying there’s going to be a market crash (Guardian and Telegraph.)

    And if they say it it is never going to happen.

    It’s like being pissed on!

    The system fails again!!!

    • Mad Monkey

      I stand flabbergasted at the latest stock market rally. Germany export for Sept 2015 worst drop since 2009 (5.2%), Yeah and the bank writes off 7bn bad debt. US job down, no real good news – oil stocks continue to build. Just read an article how Canada’s slowing economy is effecting the US. The dominoes are tumbling in the the ominous wind, personally I think it unravels in one or two days. you wake up one morning and all bank accounts across the world are frozen.

      • Peter

        It can only be one thing, deliberate. In my town alone, I can name 7 factories and whole industries, that died because of NAFTA. If that wasn’t enough for you, we now have the TPP to finish the rest off. With the down town up for sale and no buyers, the city stepped in and made a bigger mess.

      • J.L.W

        I know. I’ve given up.

        I don’t plan to check the markets quite as much. It has become absurd. When America runs out of money we might see some action.

        But like you say, the real economy is absolutely disintegrating, it has become just a propaganda campaign now. Like a newspaper that is MSM but occasionally has good articles, then something happens, it’s taken over by new management and EVERY article is an exercise in propaganda.

        That’s where we are now… Stocks wise.

      • alan

        Then you go look at your stack of silver and chuckle to yourself, then go outside and smell the smoke in the air!

      • SunnyFlaSnotress

        Oil stocks continue to build? Which ones?

  • Alwaystomorrow

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

    Published 6/25/2015.

    84 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”.

    • J.L.W

      So you’re like… Essentially trolling then.

      • Watchman

        Hence the name “Alwaystrolling”. He doesn’t contribute or add anything to the discussion. I say banish him.

        • Alwaystomorrow

          For it to happen you have to say “Simon Says….”.

        • SunnyFlaSnotress

          I never see you contribute anything good Watchman

          • Watchman

            Remind me why I should care what you say SunnyTroll?

          • SunnyFlaSnotress

            Because I’m one of the good contributors on this board WatchMonkey

          • Watchman

            Good contributors? I haven’t seen anything you contribute that would even come close to being considered “good”. You and your ilk just seek to hijack and troll these comment sections thinking you can hijack the discussion.

          • SunnyFlaSnotress

            All my posts are a lot better than yours. You are just jealous and catty.

          • AzDi

            ooooh…..”jealous and catty” sounds like from a gay person… wow. now we know what you are.

          • SunnyFlaSnotress

            I have a boyfriend and I’m female.

          • AzDi

            Love the picture of you.

          • SunnyFlaSnotress

            ty

          • John Byde

            Disgusting. And SO un-PC! :)

          • SunnyFlaSnotress

            Well, actually, a 2nd bf may be returning soon… better? 😉 😀

          • GSOB

            Hebrews 13:4

          • Gay Veteran

            parrot

          • GSOB

            Marriage would protect both of you.

          • Malcolm Reynolds

            And all you do is stroke off the guy that claims he’s stupid, immature, childish and has no clue what a collapse looks like but insists on posting the same crap every day. So yea, really you shouldn’t be talking.

          • Alwaystomorrow

            Your comments to me are meaningless because I am aware what you are..

            I do find it amazingly ignorant the way that you would speak to a woman as you did above.

            I hope your wife, daughter and mother encounter the same respect from the men that they run across as you gave to her.

          • Malcolm Reynolds

            Your comments to me are meaningless
            Doubt that. Here you are. And aside from being far more intelligent and informed than you are, what am I exactly?

            I don’t give a crap what her gender is. She supports an open buffoon like you and bags on anybody else that criticizes you. Her gender does not disqualify her from receiving the same. If you don’t like it…..

            How did you like the final RED ALERT rebuttal? Totally got you with that, huh.

          • SunnyFlaSnotress

            He is a perrv.

          • guest

            “I do find it amazingly ignorant the way that you would speak to a woman as you did above.”
            Continue polishing your suit of armor, oh knight of white.
            All females that conduct themselves as ladies are appropriately treated as such.
            By simply being female does not entitle one to said treatment, or deference.
            She/it chooses to act manly and has been treated well in spite of that.
            If we were in the real world she/it would have been picking itself off the ground a long time ago.
            That’s one of the problems with you white knights, you enable the feminazi b.s.
            Neither reality, not genuine equality allows it.

          • SunnyFlaSnotress

            I stroke off lots of guys. I’m a regular stroker 😉 But I do more than that, and though you’d like to mute everyone who doesn’t think like you, it isn’t happening. You don’t own the board.

          • Malcolm Reynolds

            though you’d like to mute everyone who doesn’t think like you

            Umm, no. I’d like you people who think this is all garbage to actually be able to refute ALL the stuff posted by the author without the sum totally of your ‘rebuttal’ being bull shyte like, ‘they’ve been saying it’s going fail forever’ or ‘I’m still living in a house, so there’s no collapse’.

            I mean really, that’s all you two buffoons have and I’d LOVE for this all to be wrong, but it’s not. Put up or just shut up. You don’t own the board either, so prepare to be mocked for the low info cretins you are.

          • SunnyFlaSnotress

            I never thought this was ALL garbage.. just partial garbage :) It’s the repetitious little boy crying wolf syndrome.
            Michael was WRONG about widespread summer rioting. Michael was WRONG about the Greek Deal. Michael was WRONG about a September stock market crash.
            And nobody will give me an example of any prediction that MIke made that is right.
            You act like his gahy lover defending him so much.

          • Malcolm Reynolds

            Back in reality, we can only make educated guesses about the future. No man knows what the future holds.

            So, please post who you listen to that’s 100% right about future events.

            And you MUST post someone’s name or else you’re holding Michael to a standard you apply to no-one else, and I’ll have to be merciless in my future mocking of you.

            You act like his gahy lover defending him so much.
            You see, it’s not that I’m defending him so much as I’m mocking you for being stupid, SO MUCH. The things you and your lover say are just THAT low info. You two cretins have nothing except, he’s not a fortune teller. well DUH.

    • ProclaimingGodsTruth

      Open your eyes … it’s happening now.! Have you researched as Michael has to what is going on financially throughout the world right now…? Please … an answer…?

      • Alwaystomorrow

        Well since you said please..

        It has been happening for years. That doesn’t mean it does not matter just that I wouldn’t plan on “it” being this year.

        Look at 4 of over a thousand articles from this blog. I randomly chose these 4 from 5 (FIVE) years ago.

        Past articles from this blog

        1) 10/27/2010——————-
        30 Reasons Why People Should Be Getting Really Nervous About The State Of The US Economy

        2) 10/25/2010——————
        $100 Oil Is Coming

        3) 10/22/2010——————
        California Is Broke-19 Reasons Why It May Be Time For Everyone To Leave The State Of California For Good

        4) 11/26/2010—————-
        Currency Crisis! So What Happens If The Dollar And The Euro Both Collapse

        The list goes on……………

        • RJ

          Hey I posted something similar on shtf regarding derivatives….

          • Alwaystomorrow

            I just looked it up. Yours was much better. Great minds think alike. 😉

            Post it here.

          • RJ

            Can’t it’s being moderated

          • Alwaystomorrow

            Because you used Michael’s full name. Remove his last name and repost. 😉

            Also make sure you use no connecting links (websites).

            Lastly, no swear words.

          • Malcolm Reynolds

            Lol,
            So he says, ‘hey that’s my post’
            and you say, ‘Yea, I plagiarized it. Thanks.’
            Lol, you really are stupid aren’t you. And we’ll just assume that part where you looked it up is an outright lie.

          • Malcolm Reynolds

            Well, that guy does admit to being stupid, so what’s a little plagiarism.

        • ProclaimingGodsTruth

          Just keep watching … it will come!

          • Alwaystomorrow

            I will.

        • alan

          #3 is still true and will always be good advice.

        • SunnyFlaSnotress

          Excellent index

      • ProclaminingEVOLUTIONSTRUTH?

        • ProclaimingGodsTruth

          What? Hardly! Did you even read what I wrote…?

        • TheMoarYouKnow

          The economic collapse will not proove the truth of natural selection.
          Because I Believe and pray, God will free me from the need of food and water, protect me from all manners of poisons, by surviving I will proove Natural Selection and hence Evolution wrong.

          • Gay Veteran

            been handling those snakes?

          • guest

            Jealous because you are no longer able to attract ‘snakes’ ?

          • Gay Veteran

            uh, no

          • old fart

            lots of luck with that one.

    • Malcolm Reynolds

      Alwaystomorrow has issued a RED ALERT for as long as he posts.

      Published 10/7/2015
      “I look at things probably to simple. ”

      “I am not very smart …Yes I loose when markets go up”

      “I told you I am simple ”

      Published 10/5/2015

      “My posts are annoying, irritating, childish….”

      I have no idea what a collapse even looks like but by golly, I’m going to mock and harrass the people here because, although I admit I’m a cretin, I know this author is wrong despite the VAST number of links, quotes and charts provided indicating otherwise.

      And if he bans me for the harassment again, I’ll surely whine like a little girl that wants her dolly again.

      —————-
      Let’s all congratulate always because, even the village idiot needs a pat on the head every now and then.

      • Alwaystomorrow

        A few years ago I got kicked out of a store for screaming at the top of my lungs while running in circles, leaving a brown trail behind me.

        There was that Rukus guy, black store worker that caught and twisted my arms behind my back and asked what asylum I had escaped from, I yelled at that bullie that pizza stances enslaved my people, my grandmother was a slave and that I need free drinks because of that.
        He told me damn right, I owned her a*** over 200 years ago.
        He added, I´ll even give you a coin for some soda and my foot up your a*** for being the stupid he-b*** that you are.

        Outraged, I screamed right back I wanted my free drinks and that I want them now, by that time we where near the door.

        He told me The hell I will, you fat he-b***! You´re getting the hell away from this store before I get serious and call the cop on you! You and your freeloadin´ kind don´t deserve nothin´, and I ain´t giving you nothin´ so there!
        He kicked my a**** hard and I flew a full 9 feets, out of the store, despite being seriously overweight.
        Needless to say I had caught PTSD from the public humiliation and ran away crying, pursued by his laughter and the cheers of the customers.

        • Malcolm Reynolds

          Just as it’s best not to drink and drive, it’s best not to smoke and post.

          • Alwaystomorrow

            It is also best not to use the barbecue grill as indoor heating during the night, I woke up with both hands paralyzed and I couldn´t feel my face, my boyfriend Steve was in a coma, we both had to be rushed to the hospital.

            Also, drinking a mix of beer, pesticides and some party pills found on the floor? Baaaad idea, I spent over 2 months in a padded cell and hallucinated nearly non-stop the whole time.

            Thankfully neither made my mental health any worst, in fact I am clearly smarter and more rational than most people, that is why they ressent me and believes I am an immature, insufferable a***hole.

          • Malcolm Reynolds

            There you go. If you want to stick to posting that garbage, the rest of us will ignore you as merely a loon.

          • Alwaystomorrow

            Okay, I´ll just stick with the harassement and the mockery.

  • Jazz

    Markets are heading to all-time highs. The US economy is strong and robust with no signs of inflation or a recession anywhere in sight.

    Crashes usually involve two important elements – a receding economy AND rising rates. The double whammy is typically what leads to a crash. Right now, the global economy is slowing but it is STILL growing albeit a slower pace of growth. However the fact remains – it is still growing and interest rates on the global stage are declining so no crash coming to US anytime soon.

    • Guest

      Go on in your delusions.

      • rmc9

        sound like what one of the dudes probably said, while leaning against Noah’s boat…

    • ProclaimingGodsTruth

      The markets are propped up and the news is scripted so as to not cause widespread concern and then panic. 2001 and 2008 crashes were warnings; this next one will cause major league havoc (Black horse in Rev 6). You can believe it or not – your choice.

      • alan

        No one wants the music to stop.

    • guest

      It’s great when life gets to busy to stop and think about this blog or the big picture. While I have enough prep and most importantly knowledge to keep me and my family going if something happens. It’s nice not to have to think or worry about the future when you have those times of just enjoying and living in the present.

      • Jazz

        I agree! We have it so good in this country and the best is yet to come.

        • Watchman

          The best is yet to come for you Jazz. Delusional Sheeple such as yourself will go to the slaughterhouse but you already knew that. History is the ultimate determining factor in bubbles and they never last.

    • Watchman

      Do you have any evidence to back up your pseudo-talk Jazz or are you simply trolling many websites as part of your pay by the Obummer administration? I would have loved to see what you said prior to 1987, 2001, 2008 and other bubbles. Oh wait you weren’t employed for trolling then.

  • ProclaimingGodsTruth

    Thanks Michael for the warnings. I for one am hearing what you are saying and passing this info on. But many are not heeding, not listening; they are good at mocking and scoffing. Well that’s Bible Prophecy happening too.
    Keep up the awesome work you are doing and may Almighty God be glorified and praised!

  • Bill

    Michael if the financial system is so unstable why did the Dow push past 17K?

    • Alwaystomorrow

      The answer to your question and others can be found in Michael’s books. You MUST buy the books, unless of course you prefer CD’s.

      • SunnyFlaSnotress

        You got that brownie point thing going on, Man 😉

      • Watchman

        Nice try Alwaystomorrow perhaps your name should be “Alwaystrolling”. Michael does not ask anyone to buy his books or his DVD’s. He seeks merely to inform those who are enlightened and woken up.

        • SunnyFlaSnotress

          Oh boy, I’ve gotta Michae-lize my response “pure” again.
          Funny, I see DV D ad s all over the page.. You must have a better a-d block-er than I do.

      • Malcolm Reynolds

        Or you could know what you’re talking about and recognize one of the reasons as the effects of quantitative easing to infinity.

    • RICHARD

      I will tell you why, what made the market go up is market knows the feds won’t raise intrest rates now at least till next year.

    • alan

      Same as how Zimbabwe went up 12000% in 2007.

    • airedale

      Bill, why has my 401K tanked 10%? Others I talk to have the same results.

    • AzDi

      I wouldn’t call “up and down”; down and up, up and down by 7.points, up by 250 points, and down again etc, etc, etc………stable!!

    • Malcolm Reynolds

      Google: Quantitative Easing.

  • K

    Faith, is reserved for God alone. Faith in anything else. Is just total foolishness.

    • I thought HOMO ERECTUS proved we came from apes, not god!

      • K

        Not hardly.

  • JailBanksters

    Why are they all run by Jews, I don’t know either.
    They probably feel compelled to warn you so God will forgive them.

    • alan

      Genetically Arab to be exact.

      • JailBanksters

        Yeah No
        German, German Jews from Nazi stock
        Nobody from their family tree has ever been anywhere near the Middle-East. The Saudi Royals are a lot closer to Hebrew than those occupying and running Israel !

  • max gon

    So, here we go again with Michael’s daily dose of fear mongering. With Dow hitting 17k points, it does not seem that the world is falling apart.

    • Jazz

      We will be at Dow 20k soon!

      • Watchman

        Hey Jazz so hows that trolling going for you on the other forums? No wonder you are so popular (you aren’t).

        • SunnyFlaSnotress

          WatchMonkey thinks he’s sooo popular (he isn’t)

    • John Doe

      Noah was labeled a fear monger.

      • alan

        If he lived today code enforcement would have him locked up.

      • SunnyFlaSnotress

        Noah was into animals.
        What Noah should have done was portray himself as a cruise organizer and offered everyone a free ride.. I mean if he really cared about people.

        • TheMoarYouKnow

          The lion couple and all other predators where fine with eating just grass and some seeds, did not try for even an instant to eat other animals in the ship, they could also use the toilets.

          There was no extensive, deadly inbreeding problems among the following generations of animals and humans, that is a lie by false christians and internet atheists with hideous neckbeards.
          There is plenty of physical evidence that the Flood bypassed mount Everest, just like in that 2012 Movie and that at some other point, the sea level was low enough for animals and humans to move to what is today Hawaii and most of the world´s islands.

          • Gay Veteran

            ROFLOL, on this site I can’t tell if you’re serious or not

      • Noah is just like Satan. Saved himself and allowed everyone else to die. I am sure when the next extinction happens, god wont do sh$t!

        • GSOB

          But Noah found favor in the eyes of the LORD. Genesis 6:8
          Because Noah did, ….gives us hope that one day you will to.

          • SunnyFlaSnotress

            Why didn’t God just send a virus to smite the people instead of setting up Noah to be the bad guy,forcing him to build a boat, and making him horde animals?

          • Gay Veteran

            because those who wrote the fairy tale about Noah didn’t know about viruses

          • GSOB

            Whoever sheds human blood,
            by humans let his blood be shed,
            Because God made humans in his image
            reflecting God’s very nature.
            You’re here to bear fruit, reproduce,
            lavish life on the Earth, live bountifully!”

          • SunnyFlaSnotress

            What does that have to do with what I wrote?

        • flautistmaniac

          My understanding is the reason God would not allow the rest of the people to live is not because He didn’t love them, but because He couldn’t send more spirit children to these people because they would never be taught or given a chance to choose righteousness.

          I have had my argue-ins with God many times. I always take it to God. I have had year long arguments with Him. In the end, God always proves to me that He IS a God of love, He does love all of His children equally, and He wants His children to LEARN, so He does things that make us hurt. But in the end, we will be grateful. He knows our hearts and won’t punish us unless we need it as a step up in our growth. Some people are headed to more responsibility and glory in the next life than others, so God gives them more trials to fast track them to where they need and wanted to be, and contracted to be before being born.

          If you think God and the prophets do not love people and are mean, I just suggest taking it to God and argue it out, because if you keep your arguments between yourself and your negativity, you will stay stuck. You have to take these injustices to God and let Him teach you through logic and love and the Holy Spirit.

          I have been there though, where looking at circumstances, God looks like an absolute abusive tyrant. I am overcoming split parts from satanic ritual abuse. It has been quite a journey because I used to have parts of me that sorely hated God and wanted to kill Him. I had a year full of days where I would go into the closet and just yell obscenities at Him. I was so so mad at Him. But He picked me up and loved me anyway. He never let me go. It has been an amazing journey and at this time I would bet God’s love, forgiveness, and mercy against anything. He saved me with His love when I thought there was no way in hell I deserved it.

          • LOL

            “I am overcoming split parts from satanic ritual abuse.”
            BS alert! BS alert!

            Unless you were raised in San Fransicko, then it is probably true.

        • Ricardo

          No he didn’t. He warned for 120 years but no sheeeeeple listened. Get your facts right, or are you a mocker ?

          • SunnyFlaSnotress

            he warned for 120 years? Dang, he was one old boating dude..

          • Ricardo

            Yep the antediluvian people lived a looooong time. Adam lived for over 900 years. Noah lived for more than 600 years so what’s 120 years in time when you can live that long.

          • SunnyFlaSnotress

            i hope they can extract that dna and do something with it :)

        • Ricardo

          Have you been watching that FAKE Hollywood movie …. all done to twist the truth of the Word.

      • Gay Veteran

        find that ark yet?

        • John Doe

          No. I haven’t been looking for it.

          • Gay Veteran

            so you aren’t wasting your time trying to find something that never existed.

            how is your tertiary syphilis? how much brain damage has it caused?

    • alan

      Rome had good days too.

    • AzDi

      It is not over until it is over. And it is NOT OVER.

    • Daishan2015

      It took time for the Titanic to sink after it hit the iceberg . It did not instantly sink . Like the Titanic , the USA & it’s economy are thought invincible and eternal ! The reality of how fragile the economy & civilization are. Will be quite evident soon enough !

    • GSOB

      Try to consider all of it as reminders to be thankful to God for all the good things He has given to us.

      • SunnyFlaSnotress

        I consider it a reflection of how America voted so badly.

    • Passerby

      It’s a shame so many people are completely ignorant to economics. Right now the US economy and stock market are like the twin towers smoldering right before they fell. God help us all in the mayhem that follows.

      • SunnyFlaSnotress

        I’m not totally convinced that TPTB don’t have some cards up their sleeves.

    • Malcolm Reynolds

      “With Dow hitting 17k points, it does not seem that the world is falling apart.”

      Ooooof! Please cite the fundamental strengths in the economy that you believe drove the Dow to 17K. IOW, please describe how you know that QE wasn’t one of the main drivers inflating the DOW. Or are you just looking at some number that you have no clue what it means and saying bigger is better?

      See, you were looking to read an article like this one before opening your mouth. That was 2013 and QE, NIRP, ZIRP and pass the treasury/bond buying have all continued LONG after that.

      www dot usatoday dot com/story/opinion/2013/03/04/federal-reserve–quantitative-easing/1963539/

    • Rowwdy Colt

      A fool is born every minute…..

      • Cicero

        Yeah… like you.

  • Cat O’Connor

    The overall picture, reminds me of the Juan de Fuca/Cascadia subduction zone; catastrophy long overdue! Glad I’m ready for either scenario.

    • SunnyFlaSnotress

      I had to google Cascadia subduction zone, but I give you a thumbs up anyways.

  • El Pollo de Oro

    If you spend a lot of time talking to preppers, you hear questions like: “exactly when is this Ponzi scheme going to blow? Just how bad will it get? Are we heading into a Mad Max scenario?” I’ve spoken to preppers who, believe it or not, have heard my grim predictions and think I’m being way too optimistic about what lies ahead for The Banana Republic of America. Yeah, you know someone has a grim outlook when they think I’m an optimist. But whether you think the BRA is heading for a total Mad Max nightmare or agree with my more “optimistic” scenario of a depression much worse than the 1930s and widespread poverty on the scale of Bolivia and Guatemala, anyone who takes an honest look at the evidence will realize that the BRA is a Third World hellhole that will only get worse and worse.

    The too-big-to-fail monsterbanks that caused the Panic of ’08 and were rescued by George Dumb-Ya Bush and Barack “Goldman Sachs” Obama are much bigger than they were back then. Anyone with half a brain realizes that the size of these monsterbanks is a recipe for disaster, and all the QE in the world will not rescue a crumbling economic system that was toxic as hell in 2008 and is much more toxic now. Here are some grim realities:

    “The U.S. dollar is going to go down for the count. Get out of U.S. dollars. We’re going to have to get used to living in a whole new reality where the dollar is no longer the center of the monetary system, and that means Americans can no longer live beyond our means. Americans take for granted that we can buy all kinds of stuff that we don’t produce. We don’t have the factories that make all
    the stuff. Our production is so low.”—Peter Schiff

    “This country, this world economy is dead already. It’s on a respirator of QE unlimited. The elite are in bunkers and are running to the hills. There is a hysteria in the elite.”—Alex Jones

    “We’re headed for a collapse that’s going to be, we believe, as bad as the Great Depression. And it’s much worse because there are combinations building on top of it. You have civil unrest, wars developing. You have a situation of social and geopolitical unrest
    that the world has never seen. You have all of these declining countries, all of these countries destabilized. You have a problem that no one knows how to deal with. And it’s going to get much worse as economies decline and wars increase.”—Gerald Celente

    “The American empire is a system that runs on death and destruction, killing thousands every day. But every empire falls. U.S. hegemony and the corporate power structure it serves is cracking.”—Abby Martin

    “We are unraveling at a very frightening rate.”—Chris Hedges

    “The United States is not prepared for the kind of rough adjustment it is going to go through, both in terms of its economic capability and its power and credibility in the world. The United States is declining very rapidly, and when the match is lit, the thing is going to go up in an inferno.”—Dr. Paul Craig Roberts

    “The way you live, work, travel, retire, and invest in America—everything is going to change. Some of it in ways most people do not expect. This period is going to be particularly tough on seniors
    and anyone relying on a fixed income, or money from the government.” —Ron Paul

    “TARP was a massive blood transfusion to a patient who was hemmoraging, but without doing anything about the hemmoraging. We didn’t even resusitate the financial system.”—Joseph Stiglitz

    Welcome to Ground Zero in hell, also known as the rotting, stinking, failing Banana Republic of America.

    • Jazz

      But the stock market went up today. Dow is back over 17,000. S&P is above 2,000. The worst is behind us!

      • Watchman

        According to whom your handlers Jazz? stock market volatility hasn’t been this bad since 2011 or 2008. The Chinese stock market crash precipitated the black swan event of Lehamn Brothers by 10 months roughly so historically speaking the same patterns are repeating.

    • TIRED

      “Don’t sugar coat it- tell me your real opinion-” is a phrase I often use. Thanks for your detailed view!

    • John Doe

      Well aren’t you just a ray of sunshine.

  • GSOB

    Good time to stock up for the winter.
    Back up heat when power goes out,
    water,
    food and reinforce home.

    It’s going to be a real cold one this time.
    I bet. Lots of snow. Hunker down.

    Work out to shovel snow.

    The four seasons……

    proves there is a God.

    • alan

      Might want to consider a road map to the south and leave the snow shovel behind. We will welcome you like the Syrian refugees, DOH!

    • SunnyFlaSnotress

      I’ve got my $20 portable space heater 😉

      • GSOB

        That’s a great start. Everything is vanity under the sun but not so when your in the Son.

        • SunnyFlaSnotress

          I am moreso in the Sun :)

  • MrMilanoLau

    Also look at the junk bond market. It is another bomb that is set to go off.

    • Watchman

      How about the subprime auto loans, student loan bubble, etc…?

  • Roo

    America is primed for an economic collapse – there is no doubt. But now if the IMF is even sending out the warnings – Geez, What’s it going to take for people to see the writing on the wall? The Fed Reserve is printing ‘fake’ money… the economies of the world are going belly up…
    We had a 2200 point drop in mid-August. There is always a huge rise before the greatest fall… all indications are there to be worse than 1929. All the market corrections are going to fail… and then fail again. It’s only fear-mongering when the one reading has no trust in a Mighty God to provide for all of their needs.

  • Martin

    All crashes are preceded by monetary contractions. These contractions are caused by tightening by both the commercial and central banks. However, these contractions in the money supply are not always obvious (i. e. raising interest rates and requiring more collateral for loans). Every time a debt is repaid to a bank or central bank money is destroyed. The US fed can’t unwind it’s position unless 4 odd trillion is cancelled out of existence. Add the BoJ, BoE and ECB and you have massive scope for contraction.

    As the saying goes, “during a crash wealth is not destroyed it merely changes hands.” As illustrated above money can be destroyed or be removed from existence. So don’t expect a crash by looking at fundamentals in a rigged casino. Instead focus on the money supply. Any contraction or blockage and this house of cards comes down.

    • alan

      They all take the same course, people repeat the same mistakes, human nature. So in a way they are predictable. Most not all end violently.
      I think the next phase should be more stimulus/money printing directly. Then hyperinflation, then either a slow death or military coup and violent collapse.

  • alan

    Strange they would tell the truth now, make you wonder what their motive is?

  • Jazz

    I know we all want to be right but the truth is we all can’t be right.

    It now looks like the markets have bottomed and stabilized. Volatility has subsided, markets up 6 days in a row, and appear to be heading to all-time highs. The US economy, though slowing, is still strong and robust. The international markets are also stabilizing along with commodities. It sure looks VERY similar to 2011: brief market correction followed by sharp 4th quarter rally. Time to put on your rally caps kids we are ready to see some fireworks!

    • Watchman

      The only fireworks you will see Jazz is your presidential working group/PPT failing at manipulating the markets and a deflationary collapse. Then again you already knew this but you have to appease your handlers and continue trolling.

      • SunnyFlaSnotress

        No, no.. I was born free and live free.. listen..
        Born free, as free as the wind blows
        As free as the grass grows
        Born free to follow my heart
        Live free and beauty surrounds me
        The world still astounds me
        Each time I look at a star
        Stay free, where no walls divide me
        I’m free as the roaring tide
        So there’s no need to hide
        Born free, and life is worth living
        But only worth living
        ’cause I’m born free
        I’m free as the roaring tide
        So there’s no need to hide
        Born free, and life is worth living
        But only worth living
        ’cause I’m born free

  • SunnyFlaSnotress

    Yes, Michael, I think many of us have been listening.. ad nauseum :smirk:
    “For months, I have been documenting on my website how the global financial system is absolutely primed for a crisis”.. It’s seemed like years actually.

  • Priszilla

    Looking forward to Winter. My boots got new soles. My bicycle is rolling, lost 10kg weight since spring, workout becomes fun.

  • Watchman

    Michael thank you for your hard work and for your effort in keeping those who are awake enlightened and informed. It seems that with the worsening economic circumstances you have attracted alot more trolls and shills/plants to your website that try to hijack and distract from the topic at hand. This is a pattern that history has shown that when everything is fine the trolls don’t have anything to do but when there is something being hidden or there is an actual event or circumstance they will do everything they can from getting the message out.

  • John Stewart

    Your articles have always been right on Michael. This will all end with it taking a days wages to buy a loaf of bread just like the Bible predicted over 2000 years ago. Time to get right with God….

    • jox

      The Bible predicted a derivatives crash and currency war in the beginning of the XXI century? wow!

      • Jack

        Read Mathew 24

        • jox

          There is no a single paragraph in Matthew 24 that you could say is a fine prediction of our current situation. Only a vague description of a catastrophic world, that you can apply (and I’m sure it has been applied, and it will be) to a hundred historic periods. Every single time claiming that the Bible was right.

          • Jack

            I didn’t expect you to understand it or I would have said read and understand.

          • Malcolm Reynolds

            There is no a single paragraph in Matthew 24 that you could say is a fine prediction of our current situation

            On that note, John Steward said nothing close to

            The Bible predicted a derivatives crash and currency war in the beginning of the XXI century? wow!

            but that didn’t stop you….

          • jox

            I like to answer with irony to the people that talk about the predictions of the Bible. “Someday they will be wars and conflicts in the world”. How a prediction!

      • Kim

        It’s also a predicted that Israel would find oil in the Golan district.

  • CharlesH

    If we’re talking about a global recession then I suppose that’s not nearly as bad as a financial crash. The DB in Germany is off by what – $6billion? That’s chump change – a rounding error – where’s the beef? Maybe I’m just more melancholy then usual, I don’t see much to be concerned about. Have I become blind – deaf – numb?

    • Watchman

      It’s their derivatives exposure in comparison to major US banks that is troublesome and worrying.

  • BushidoBlade

    “Warning That An Economic Crisis Could Be Imminent” >> The only problem I have with this is when everyone is calling for something to happen, it likely won’t happen. It’s more likely to happen the way it’s always happened in the past, when everyone is euphoric and the crisis hits out of the blue. It will become imminent when everyone thinks just the opposite.

    • merrileerj

      Then it’s good everyone is calling for something to happen, so it won’t. ?????

    • Watchman

      You don’t actually believe that do you? The same was said about the events leading up to the 2000/2001 stock market crashes and for 2008 but those events still happened.

      • BushidoBlade

        Nobody saw 2000 and 2008 coming, catching everyone by surprise. When the stock market reaches new record highs and everyone declares the worst is behind us, this is when it will happen, sometime in 2016.

        • Watchman

          Quite a few did see 2000/2001 and 2008 coming and infact the IMF issued similar warnings and statements. You really need to do some proper research and investigation before making such absurd claims.

  • Jill

    So, I’ve been reading Michael’s work for quite some time . I really enjoy the way he lays things out and makes it easy to follow and understand. I have been trying to prepare for quite some time. I have quite a bit of food stored but don’t have the ability to have a garden (I live in a planned community). My husband and I have 3 small children — under the age of 10. I would really appreciate “top 5″ suggestion list on what else I should do to prepare. I’m feeling very overwhelmed and also feel that time is short.

    • Jazz

      1. Spend less than you make
      2. Don’t go into debt
      3. Save at least 20% of your income
      4. Have adequate food, water supplies, precious metals, cash, and guns/ammo for safety and emergencies
      5. Invest and buy stocks for the long-term

      • HeyAHuman

        In other words:

        1. Save.
        2. Save.
        3. Save.
        4. Prep.
        5. Gamble.

        • Watchman

          In other words don’t trust Jazz whenever he talks about stocks or in general about anything.

      • Alwaystomorrow

        I should do number 5 but I don’t. The other 4 I am good on.

        • Malcolm Reynolds

          But the other day you claimed you “loose” when the market goes up. So which statement was the lie?

      • df NJ

        6. Try not to live you life based on fear.

    • realist

      1. Save cash. Maximize tax deductions to increase take home pay. Have multiple streams of income. 2. Shop locally or employee owned. Use cash. 3. Shop used, estate sales, thrift stores. 4. Invest in skills, canning, sprouting, fishing, etc. Make it fun for the family. 5. Health, keep active, limit electronics, TV, phones.

  • kathy k

    Michael I just want you to know I read your blog everyday and appreciate your hard work & dedication to keeping us informed. Thank You

    • Watchman

      I agree and don’t mind the trolls like Jazz, “Alwaystrolling”, maxgon, fwalker18, etc… their just being used by their handlers. Notice how the trolls crawl out when there is something going on but stay quiet when there isn’t something going on?

      • ian

        or said trolls are just people living in reality, while you are all living in fear and thinking a big bad sky daddy is about to fix all the worlds problems and throw everyone who doesnt like him into an imaginary lake of fire. I think i will side with common sense and reality.

        • HeyAHuman

          I never saw him mention anything about God or religion. Must have missed it. And two of those guys really are full of s***.

          • Alwaystomorrow

            From Michael’s recent article about the Blood Moon….

            For so long, people have been mocking the idea that judgment is coming to America, not realizing that it is only because of God’s grace that we have been given so much time to repent.

            Now, I believe that the period of grace is coming to an end and a time of judgment is beginning.

        • Watchmen

          Since when did Michael say that religion will fix all the problems. You are just looking for an excuse to insult the author and at the same time hijacking the discussion.

        • SunnyFlaSnotress

          Ian is right. Don’t mind snobs like Watchman and others who think their shoe (michaelized pure) doesn’t stink.

          • Watchman

            Ad hominem attacks just shows your desperation Sunny. You really should let your handlers know you are doing a per job and not earning your pay per post. Perhaps you would be better off learning from the trolls in St. Petersburg?

          • SunnyFlaSnotress

            You’ve always been the first one to put down others

          • Malcolm Reynolds

            You’re always the first one to stroke the buffoon who posts only to mock and harass. You’re shaping up to be incredibly low info.

          • Watchman

            What’s the matter Sunny are you angry that you can no longer troll freely uncontested and you have to throw a temper tantrum?

          • SunnyFlaSnotress

            I blog just as freely as u snark

          • Watchmen

            Just as freely as your handlers will allow. That’s good to know.

          • SunnyFlaSnotress

            No. I was born free and live free.. listen..
            Born free, as free as the wind blows
            As free as the grass grows
            Born free to follow my heart
            Live free and beauty surrounds me
            The world still astounds me
            Each time me look at a star
            Stay free, where no walls divide me
            I’m free as the roaring tide
            So there’s no need to hide
            Born free, and life is worth living
            But only worth living
            ’cause I’m born free
            I’m free as the roaring tide
            So there’s no need to hide
            Born free, and life is worth living
            But only worth living
            ’cause I’m born free

          • GSOB

            Andy Williams sang that song too.

        • Malcolm Reynolds

          Or said trolls are imbeciles that ascribe characteristics to others they disagree with, because it makes them feel better about their own pathetic little lives, like all you l!tardians do, thinking that big bad tooth fairy government is about to fix all the world’s problems and increase your standard of living.
          …imagine that, a low info leftist saying something about siding with common sense and reality. Sorry p00py pants, leftists outright reject reality and common sense.

  • HeyAHuman

    It’s amazing how blind people are. Despite the over-borrowing of trillions of dollars, the imminent collapse of mega-banks; China, Russia and friends dumping the dollar like trash, and warnings from the IMF itself…

    …people look at the Wall Street facade, their last refuge of hope, and rejoice at the fact that people are pouring their faith into the casino… All because of a simple, easily predicted refusal of an interest hike from the Fed.

    The delusion and worship of paper gods continues…. Get ready.

    • df NJ

      At least at a casino you know the odds of your bets!

      What i don’t like about the Fed is since citizen’s united ruling the Fed can print any amount of money to make sure political canditates sympathetic to the Fed are the only ones who get elected.

  • wootendw

    “The warnings are getting louder. Is anybody listening?”

    Contrarian sentiment will likely push the market higher or prevent if from falling for a couple of more months. Once short sellers have been (mostly) squeezed out, the market will finally crash.

    • Save yourself, cause god wont save your ar$e!

      • df NJ

        God’s will is hard to understand. Many people die from unnecessary evil.

        • GSOB

          Living people fall into two categories:
          The saved and the unsaved.
          PERIOD.
          God’s will is clear for both.
          His will for the unsaved is to believe the Gospel.
          His will for the saved is their sanctification unto holiness by grace through faith.

          • Gay Veteran

            Polly want a cracker?

      • NinjaGiraffe

        God has been saving my family for the last seven years (and if one is honest, our whole lives). Humanly speaking, we should have been homeless YEARS ago.

        There are things human beings cannot do. Contrary to popular belief, we (unlike God) are NOT all powerful.

        Thanks be to God for saving us all these years. If it depended on us, it would’ve been over for us a loooooong time ago.

  • df NJ

    If only the CEOs would realize it is in their enlightened self-interests to raise worker’s pay. You cannot grow the economy without customers. All the workers are broke. People are not making ends meet. The economy will continue to contract and debt will continue to accumulate.

    I blame hyper-oil inflation over the past 15 years. It was not caused by consumer demand. It was caused by the perception of supply disruption in the ME. Think about the consequences of $240/barrel oil. Even if oil were $20/barrel right now all the pricing for goods and services is at $150/barrel price. Prices simply do not come down that quickly even after the price of gasoline drops from $4.00/gallon to $2.00 gallon. It will take 15 to 20 years before prices adjust. They go up way faster than they come down!!!

    People simple do not make enough money to pay for the inflation caused by hyper-oil inflation which was artificial and not based on real consumer demand. Otherwise our situation would not be so dire.

  • juandos

    Why does anyone care what these outfits are saying? Its not like any of them are blessed with an abundance of credibility…

  • iguana one

    OK. I know. I know. Collapse. Collapse.
    But one thing is glaring brighter than the inevitable collapse.
    WAR. There will be war and it will be blamed on everything that the collapse is related to. The End.

  • GSOB

    The Honorable POTUS is taking the right actions in Syria.
    He is not tempted by what Mr. Putin may or may not be up to there. He is not sending in boots to Syria and he has cut the training.

    Great.

    Thank You President Obama.

    • max gon

      Obama is not a honorable person, he is a war criminal who deserves to be in jail.

      • HeyAHuman

        He was being sarcastic, but you’re right nonetheless.

      • GSOB

        The sons of Noah who came out of the ship were Shem, Ham, and Japheth. Ham was the father of Canaan. These are the three sons of Noah; from these three the whole Earth was populated.

    • Gay Veteran

      Russia has done more in 1 week to fight terrorism t

      • GoldenGirl

        Sad, but true.

      • LiberalsAreHumanExcrement

        “coalition of the killing” is quite good. btw what was your MOS

        • Gay Veteran

          I was in medical research

  • Rufus T Firefly

    1,000 articles that deserve to be mocked

    • John Doe

      I was just thinking this comment section needs one more troll. Thanks for posting.

    • Maddog

      Yet here you are.

  • Cashabis

    Watch the S&P,it has broken above its 50day moving average.if it stays above it, things are looking good for the markets.If it breaks down and can not hold>$ay goodbye to your little friend!<

    • Jazz

      Jazz already said we are going to new highs. Take that to the bank!

    • df NJ

      Stocks go up, stocks go down it means nothing. 102 million Americans who could be working who are NOT working means depression is already here (for them)!!

  • Steve_o

    We are in the collapse right now, you can stop predicting it. We’ve been in it since Lehman and we’ll be in it for another 8-9 years. The financial PTB have chosen this extended, slow-motion trainwreck rather than allow a shorter, deeper depression. But it’s still a depression and it will be a depression for a long time yet.
    Our job is still the same, figuring out how to make money however the current conditions allow.

  • DJohn1

    Money represents consumer goods.
    There are vast over-populated places on this planet.
    Solution was to put them to work at the cost of the prosperous nations.
    For a good number of years that even worked.
    The key is each nation within itself has a separate economical environment. The key is the cost of vital food supplies getting to these over-populated places.
    People working for as little as 17 cents per hour. That includes child labor that we would be horrified at.
    So China devalues its currency to the cost of billions of dollars worth of stock. Making their goods lower in cost everywhere.
    They are not alone using this solution to their food problem.
    Meantime the prosperous nations are no longer prosperous as their labor base has been destroyed by unfair trade with the poor countries. No one here can produce goods that cheaply.
    The solution is not good. It means starvation in those countries.
    The solution here is making the goods in robotic factories that end up cheaper to make than you could get them from the poor nations.
    The transportation problem kills foreign trade.
    That is why cars are assembled here rather than Japan or China.
    Commercial transportation of goods is at least 1/3rd of the cost of selling the product here.
    That will not change anywhere soon.
    Now we have a derivatives bubble caused by the common person not finding replacement work when their jobs went to people overseas doing it for a fraction of what it could be done here.
    The United States, Europe, and others all have the same problem.
    Unemployment of the masses because the jobs can be done cheaper somewhere else.
    Which has caused a massive unbalance in the trade of goods between nations. We owe too much money to the poor nations producing the labor.
    The old solution is to break the currency in debt. The old solution is to make the commodity of money worthless.
    To do so you have to maintain the economic bubble in the nation in debt so that people can still afford to eat.
    Meaning local currency still will buy eggs, milk, and butter and numerous other foods.
    That is what China is doing.
    They are basically in a no win situation because of us.
    Their standards of living go up as ours go down.
    The tiger by the tail here is no one dares disrupt the entire thing for fear that people on both sides will starve.
    That means world war is imminent.
    If you cannot feed your people you direct their attention elsewhere while you kill off the excess population.
    And that can be what war is all about.
    Meantime, back here, the government has a whole lot of juggling to do to keep everything alive at least on paper.
    The real problem here is co-depending people on both sides of the problem. The answer is we have to produce a far better system of economic growth here than we have done in the past.
    China has to get to the point where they are not dependent on anyone else to make a living.
    We have to do the same thing.
    Keynesian economics only works until the bill comes due.
    Well, the bill is coming due shortly.

    • df NJ

      America first, eff everywhere else!

  • Cashabis

    I will take nothing to the bank,it is way to premature.In what maybe described as the largest short covering since 2008, the markets have regained some of there loss. The proof is in the pudding ole man.We have the rest of October to get through yet!There are to many Blk $wan events out there to give the all clear in my opinion.In 2008 after the short cover the market crapped.

  • RedSky

    I believe we are witnessing the collapse right now. It’s all happening in bits and pieces. The stock market is obviously not a telltale sign any longer. It’s manipulated and is not sign of economic stability. Don’t listen to the warnings of the IMF, the UN, the BIS and Citibank. Do you think they care enough about the general populace or better yet have any clue themselves. They all got us into this mess to begin with due to stupidity, greed and downright criminality of which justice was not served. We can only know the truth by what we are witness to in our private lives. Not many like to admit they are struggling to make ends meet for fear of appearing needy and losing social standing. The ones with the riches today bullied, cheated and stole their way. You used to be able to work hard, save and pay your bills. Now, there are no jobs that pay a decent wage for hours worked. The CEOs want it all and to heck with the workers. They send the work overseas, pay pittance to the workers and stash their billions of dollars in off-shore banks. All of this is legal under the American judicial system. Who are the bad guys? Need I say more.

  • LiberalsAreHumanExcrement

    so, are you recommending gold, silver, platinum,what? besides prayer…

    • John Doe

      Lead.

  • SunnyFlaSnotress

    jsmith, it’s a big world. as bad as usa’s problems are, u need to realize that the world is interconnected in many ways and that economies work on a proportional balance with eachother. it is possible that some matters will resolve themselves not so terribly w/a bit of minor controlled burns

  • df NJ

    Since citizen’s united the Fed can print any amount of money to make sure candidates that are favorable to the Fed get elected. The “debt slavery” system is here to stay.

  • massagrabber

    I figured out how dicey it can be investing in mercenary armies such as ISIS.
    Now they are looking for a bail in.
    Question
    Being the US is in serious overdraft with extreme penalty’s being awarded to banksters (every citizen til death do us part) can we expect even larger draws on the Saud’s, Qatar & perhaps Jordan?

  • David Waddle

    Japan apparently hasn’t gotten the memo. They’ve opened pretty well tonight.

    • Jazz

      Yes! The foreign markets have already bottomed. The US Dollar will continue to weaken helping commodities and the emerging markets. Things look much brighter!

  • Phil

    Call me an ignoramus, but if the big bankers are part of the globalist scheme, why should we believe what they are saying now? Are they lying this time, too? Again? Or are they actually telling the truth now? Too many mixed messages to know which to believe.

  • geerz

    Now you’re pushing it back to 2016, then 2017… 2022… Idiot

    • missouriguy

      As a follower of this blog for quite some time I have little to no faith left in the author or his predictions. I only come here strictly for entertainment purposes.

  • Heinrich van Rooi

    Beware of this rallies the last few weeks. More and More people will indulge to invest NOW,don’t be FOOLED. Yes the markets can still climb to swallow in the novice traders and investors, but then the pain will start to hurt. And all of this is very clear now..

    • Jazz

      At what point do you give up saying that the market is going to crash? The rallies have been fierce and convincing. Volatility is plummeting and things are back to business as usual. We will see new highs on the markets by year end.

      • Heinrich van Rooi

        Sorry for coming back now…. Typically I would like for the markets to make a brand NEW High, but when that happens I still would not be in the markets… I will only be convince when the markets pull back after the new high to see if there are enough liquidity and new buyers. That will tell me the market can trend. In addition that I would like to a spike in sales (I am not just looking at earnings report) because it be skew. and example is when a company buy back its own shares and bonds to boost their earnings.. . I also be keeping an eye on manufacturing PMI. It turn it will affect fu It is currently not good not in China and not in the US..We also would see increased global trade and that is not happening at present. To your last question, no new high by year end. Volatility is plummeting because the fear index is low.

  • Richard Broberg

    The Fed will just have to print more money with more zeros in the denomination of the bills. That will keep everything afloat.

  • Mondobeyondo

    *off topic*

    How many of you know what the price of a 100 ounce silver bar is?
    You should have had Mark Dice ask you, you could have gotten one for free!

    https://www.youtube.com/watch?v=7BDWxnhSmu4

  • Jazz

    Dow 20k here we come! The Vix is now very very bullish!

  • Pete

    Read the 4th Turning and then you might find out when the collapse is coming.

  • lilbear68

    gonna happen? probably. when? ya never know. these predictors said September and now they predict October. even a broken clock is right 2 times in 24 hrs. not a lot one can do except hope to ride it out. im sure they are tryn to avert it as theres a lot of very wealthy ppl out there that stand to lose a lot more than me and they have connections. but if the currency collapses they will lose a lot too.

  • dlewenz

    And yesterday Goldman also confirms this is taking place in secondary markets.

  • Jerry Mael

    All by design.

  • Dex

    as soon as the dipshit president of the US starts seriously threatening Russia and it’s Air Force contingent over Syria,and China over their coastal claims, I hope they’ll decide to ruin the US war machine by financial means (greenback? piss on you, here are your useless treasury bills, and we don’t want anything from you anymore, placing you under embargo and starting up our own trade system outside of the petrodollar empire) rather than to let the big guns talk…the fate of mankind is at stake…

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