Is Glencore The Next Lehman? The World’s Largest Commodities Trading Company Is Toast

Toast - Public DomainAre we about to witness the most important global financial event since the collapse of Lehman Brothers in 2008?  Glencore has been known as the largest commodities trading company on the entire planet, and at one time it was ranked as the 10th biggest company in the world.  It is linked to billions of dollars of derivatives trades globally, and if the firm were to implode it would be a financial disaster unlike anything that we have seen in Europe since the end of World War II.  Unfortunately, all signs are pointing to an inescapable death spiral for Glencore at this point.  The stock price was down nearly 30 percent on Monday, and overall Glencore stock has plunged nearly 80 percent since May.  There are certainly other candidates for “the next Lehman” (Petrobras and Deutsche Bank being two perfect examples), but Glencore has definitely surged to the front of the pack.  Right now many analysts are openly wondering if the firm will even be able to survive to the end of next month. (Read More...)

This Happened In September: The UN Launched ‘The Global Goals’ – A Blueprint For A United World

The Global GoalsHave you heard of “the global goals”?  If you haven’t heard of them by now, rest assured that you will be hearing plenty about them in the days ahead.  On September 25th, the United Nations launched a set of 17 ambitious goals that it plans to achieve over the next 15 years.  A new website to promote this plan has been established, and you can find it right here.  The formal name of this new plan is “the 2030 Agenda“, but those behind it decided that they needed something catchier when promoting these ideas to the general population.  The UN has stated that these new “global goals” represent a “new universal Agenda” for humanity.  Virtually every nation on the planet has willingly signed on to this new agenda, and you are expected to participate whether you like it or not. (Read More...)

People All Over America Are Freaking Out About This ‘Super Blood Moon’

Blood Moon - Public DomainOn Sunday night, we are going to see something take place that only happens four or five times a century.  A lunar eclipse is going to occur while the moon is making its closest approach to our planet.  When this happens, the moon will temporarily appear to be red as sunrises and sunsets all over the world are reflected off the surface of the moon.  This blood red “supermoon” has created apocalyptic fears all over the globe, and many people have stocked up on enormous amounts of food and supplies in anticipation of this event.  This particular blood moon is the fourth in a series of blood moons that have fallen on Biblical festival days in 2014 and 2015, and this one will be clearly visible from the city of Jerusalem.  Personally, I do not know if anything will or will not happen tonight or tomorrow.  I want to make that very clear. (Read More...)

The Stock Markets Of The 10 Largest Global Economies Are All Crashing

Globe InterconnectednessYou would think that the simultaneous crashing of all of the largest stock markets around the world would be very big news.  But so far the mainstream media in the United States is treating it like it isn’t really a big deal.  Over the last sixty days, we have witnessed the most significant global stock market decline since the fall of 2008, and yet most people still seem to think that this is just a temporary “bump in the road” and that the bull market will soon resume.  Hopefully they are right.  When the Dow Jones Industrial Average plummeted 777 points on September 29th, 2008 everyone freaked out and rightly so.  But a stock market crash doesn’t have to be limited to a single day.  Since the peak of the market earlier this year, the Dow is down almost three times as much as that 777 point crash back in 2008.  Over the last sixty days, we have seen the 8th largest single day stock market crash in U.S. history on a point basis and the 10th largest single day stock market crash in U.S. history on a point basis.  You would think that this would be enough to wake people up, but most Americans still don’t seem very alarmed.  And of course what has happened to U.S. stocks so far is quite mild compared to what has been going on in the rest of the world. (Read More...)

I Am Mourning For America

Mourning - Public DomainI am mourning for America, because she is dying.  I am mourning for a nation that once knew such greatness but that has now fallen to depths that were once unimaginable.  I am mourning for the death and destruction that are coming, and I am mourning for a future that our children and our grandchildren will never get to see.  I am mourning for a nation that has refused to listen to the warnings and that now stands on the precipice of judgment.  I am mourning for games that will never be played, for books that will never be finished, for family vacations that will never get to happen and for memories that will never be made.  I am mourning for the economic depression that is coming, for the horror and suffering that friends and family will endure, and for the coming death of the country where I drew my first breath. (Read More...)

There Are Indications That A Major Financial Event In Germany Could Be Imminent

Germany Euro Map - Public Domain
Is something about to happen in Germany that will shake the entire world?  According to disturbing new intel that I have received, a major financial event in Germany could be imminent.  Now when I say imminent, I do not mean to suggest that it will happen tomorrow.  But I do believe that we have entered a season of time when another “Lehman Brothers moment” may occur.  Most observers tend to regard Germany as the strong hub that is holding the rest of Europe together economically, but the truth is that serious trouble is brewing under the surface.  As I write this, the German DAX stock index is down close to 20 percent from the all-time high that was set back in April, and there are lots of signs of turmoil at Germany’s largest bank.  There are very few banks in the world that are more prestigious or more influential than Deutsche Bank, and it has been making headlines for all of the wrong reasons recently. (Read More...)

I Have No Fear Of Economic Collapse

No Fear - Public DomainI am not afraid of an economic collapse.  Coming from someone that runs “The Economic Collapse Blog”, I am sure that sounds like a very odd statement.  But it is true.  I have no fear of economic collapse, even though I am fully convinced that the hardest times that any of us have ever experienced are ahead.  I spend countless numbers of hours in front of my computer immersed in deeply disturbing information, and yet I sleep more soundly at night than I ever have before.  In fact, my wife and I seek to live in a constant state of “shalom”, which is the Hebrew word for peace.  So how is this possible?  How can “the economic collapse guy” not be absolutely overwhelmed by fear, depression and paranoia? (Read More...)

This Is EXACTLY What The Early Phases Of A Market Meltdown Look Like

Stock Market Collapse Toilet Paper - Public DomainThere is so much confusion out there.  On the days when the Dow goes down by several hundred points, lots of people pat me on the back and tell me that I “nailed” my call for the second half of this year.  But on the days when the Dow goes up by several hundred points, I get lots of people contacting me and telling me that they are confused because they thought the stock market was supposed to go down.  Well, the truth is that if there is going to be a full-blown market meltdown, we would expect for there to be wildly dramatic swings in the market both up and down.  A perfect example of this is what we experienced during the financial crisis of 2008.  9 of the 20 largest single day declines in stock market history happened that year, but 9 of the 20 largest single day increases in stock market history also happened that year.  If we are moving into another great financial crisis, there should be massive ups and massive downs, and that is precisely what we are witnessing right now. (Read More...)

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