Is Ebola going to cause another of the massive October stock market crashes that Wall Street is famous for? At one point on Wednesday, the Dow was down a staggering 460 points. It ultimately closed down just 173 points, but this was the fifth day in a row that the Dow has declined. And of course Ebola is one of the primary things that is being blamed for this stunning stock market drop. Since September 19th, we have seen the S&P 500 fall about 7 percent and the Nasdaq fall nearly 10 percent. The VIX (the most important measure of volatility on Wall Street) shot up an astounding 22 percent on Wednesday. So many of the ominous signs for the markets that I wrote about on Tuesday are now even worse. If a handful of Ebola cases in the United States can cause this much panic in the financial world, what would a full-blown pandemic look like? (Read More...)
9 Ominous Signals Coming From The Financial Markets That We Have Not Seen In Years
Is the stock market about to crash? Hopefully not, and there definitely have been quite a few “false alarms” over the past few years. But without a doubt we have been living through one of the greatest financial bubbles in U.S. history, and the markets are absolutely primed for a full-blown crash. That doesn’t mean that one will happen now, but we are starting to see some ominous things happen in the financial world that we have not seen happen in a very long time. So many of the same patterns that we witnessed just prior to the bursting of the dotcom bubble and just prior to the 2008 financial crisis are repeating themselves again. Hopefully we still have at least a little bit more time before stocks completely crash, because when this market does implode it is going to be a doozy. (Read More...)
12 Charts That Show The Permanent Damage That Has Been Done To The U.S. Economy
Most people that discuss the “economic collapse” focus on what is coming in the future. And without a doubt, we are on the verge of some incredibly hard times. But what often gets neglected is the immense permanent damage that has been done to the U.S. economy by the long-term economic collapse that we are already experiencing. In this article I am going to share with you 12 economic charts that show that we are in much, much worse shape than we were five or ten years ago. The long-term problems that are eating away at the foundations of our economy like cancer have not been fixed. In fact, many of them continue to get even worse year after year. But because unprecedented levels of government debt and reckless money printing by the Federal Reserve have bought us a very short window of relative stability, most Americans don’t seem too concerned about our long-term problems. They seem to have faith that our “leaders” will be able to find a way to muddle through whatever challenges are ahead. Hopefully this article will be a wake up call. The last major wave of the economic collapse did a colossal amount of damage to our economic foundations, and now the next major wave of the economic collapse is rapidly approaching. (Read More...)
Serious Financial Trouble Is Erupting In Germany And Japan
There are some who believe that the next great financial crash will not begin in the United States. Instead, they are convinced that a financial crisis that begins in Europe or in Japan (or both) will end up spreading across the globe and take down the U.S. too. Time will tell if they are ultimately correct, but even now there are signs that financial trouble is already starting to erupt in both Germany and Japan. German stocks have declined 10 percent since July, and that puts them in “correction” territory. In Japan, the economy is a total mess right now. According to figures that were just released, Japanese GDP contracted at a 7.1 percent annualized rate during the second quarter and private consumption contracted at a 19 percent annualized rate. Could a financial collapse in either of those nations be the catalyst that sets off financial dominoes all over the planet? (Read More...)
There Will Be Pestilences: Why Are So Many Deadly Diseases Breaking Out All Over The Globe Right Now?
Ebola, Marburg, Enterovirus and Chikungunya – these diseases were not even on the radar of most people coming into 2014, but now each one of them is making headline news. So why is this happening? Why are so many deadly diseases breaking out all over the world right now? Is there some kind of a connection, or is the fact that so many horrible diseases are arising all at once just a giant coincidence? And this could be just the beginning. For example, there are now more than a million cases of Chikungunya in Central and South America, and authorities are projecting that there will be millions more in 2015. The number of Ebola cases continues to grow at an exponential rate, and now an even deadlier virus (Marburg) has broken out in Uganda. We have gone decades without experiencing a major worldwide pandemic, and many people believed that it could never happen in our day and time. But now we could potentially see several absolutely devastating diseases all racing across the planet at the same time. (Read More...)
Why Won’t Obama Ban Air Travel From Countries Where Ebola Is Out Of Control?
Why does Barack Obama refuse to take even the most basic steps to protect Americans from Ebola? Even though it has already been demonstrated that Ebola can be brought over to the United States by a passenger on an airplane, Obama refuses to do anything that would even restrict air travel from nations where Ebola is spiraling out of control. Back in September, Obama said that it was “unlikely” that any individual with Ebola could get through the “extensive screening” at our airports and pose a threat to the general population. But he was wrong. That has already happened. And yet the official White House position is that there is “no consideration of a travel ban” at this point. What possible explanation is there for such gross negligence? (Read More...)
During An Ebola Pandemic All Of Your Rights Would Essentially Be Meaningless
If there is a major Ebola pandemic in America, all of the liberties and the freedoms that you currently enjoy would be gone. If government officials believe that you have the virus, federal law allows them to round you up and detain you “for such time and in such manner as may be reasonably necessary.” In addition, the CDC already has the authority to quarantine healthy Americans if they reasonably believe that they may become sick. During an outbreak, the government can force you to remain isolated in your own home, or the government may forcibly take you to a treatment facility, a tent city, a sports stadium, an old military base or a camp. You would not have any choice in the matter. And you would be forced to endure any medical procedure mandated by the government. That includes shots, vaccines and the drawing of blood. During such a scenario, you can scream about your “rights” all that you want, but it won’t do any good. (Read More...)
The Economic Implications Of A Potential Ebola Pandemic In The United States
For the moment, our top public health officials are quite adamant that there absolutely will not be a major Ebola outbreak in the United States. But what if they are wrong? Or what would happen if terrorists released a form of weaponized Ebola or weaponized smallpox in one of our major cities? What would such an event do to our economy? I think that we can get some clues by looking at the economic collapses that are taking place in Liberia, Guinea and Sierra Leone right now. When an extremely deadly virus like Ebola starts spreading like wildfire, the fear that it creates can be even worse for a society than the disease. All of a sudden people don’t want to go to work, people don’t want to go to school and people definitely don’t want to go shopping. There are very few things that can shut down the economy of a nation faster. Considering the fact that our big banks are being more reckless than ever, we better hope that we don’t see a “black swan event” such as a major Ebola outbreak come along and upset the apple cart. Because if that does happen, our Ponzi scheme of an economy could implode really quick. (Read More...)