Sep 21

Related info:

- Top Financial Experts Say World War 3 Is Coming … Unless We Stop It

- Jim Rickards: ‘It Could Be A Failure To Deliver Physical Gold,’ ‘Physical Gold Is Disappearing, There’s A Mountain of Paper Gold . . . So A Failure to Deliver Could Cause Panic Buying of Gold.’

- Jim Rickards & The Euro Gold Standard: ‘Sorry, You (Banksters) Played, You Lost’ (Video)

- James G. Rickards of Omnis Inc.: Get Your Gold Out Of The Banking System


- ‘World in indefinite depression’ (RT, Sep 19, 2014):

We are in global depression which started in 2007 and is going to continue indefinitely, Jim Rickards, economist and author of “Currency Wars: The Making of the Next Global Crisis,” told RT.

China’s central bank is injecting a combined 500 billion Yuan into the country’s top banks – a move signaling the deep concerns of an economic slowdown in China. A downturn in China`s economy, as investment is scaled back in Chinese real estate, has prompted economists to forecast further financial defaults and slowing economic growth in the second half of the year. Will this monetary easing fix China’s short-term problem and put it back on the path to prosperity in the long-term? Erin from “Boom Bust” asked economist, Jim Rickards, in her show. Continue reading »

Tags: , , , , , , , ,

Sep 16

What could possibly go wrong?
mad_max_2_1981



For the best viewing experience, watch the above video in hi-definition (HD) and in expanded screen mode

Debt

“… today the average family of four in America is associated with roughly $735,000 of debt.”

- Debt – Crash Course Chapter 13 (Peak Prosperity, Sep 12, 2014):

There’s just too damn much of it

The fundamental failing of today’s global economy can be summarized simply: Too Much Debt

We have taken too much of it on, too fast, in too many markets around the world, to have any hope of making good on it. Not only does the math not work out, but also on a moral level, we are placing a tremendous obligation on future generations that will unfairly limit the prosperity they can enjoy tomorrow in order to finance our consumption today.

In the US alone, total credit market debt stands at over $57 trillion and is doing its damnedest to continue expanding exponentially. Since simple math shows us that this debt level cannot be supported, the key questions to ask at this stage are:

Will the unsupportable debt disappear via default, or inflation?

And very important: Continue reading »

Tags: , , , , , , , , , ,

Sep 15

Flashback.



Published on Jun 5, 2013

If this doesn’t wake you up, I don’t know what will.

Links to get you started on your research: Continue reading »

Tags: , , , , , , , , , , , , , ,

Sep 15

- Kohl’s And The Rest Of The Retailers Are In Deep Trouble (Sovereign Man, Sep 13, 2014):

Kohl’s And The Rest Of The Retailers Are In Deep Doo Doo

“Facts are stubborn things, but statistics are pliable.” ? Mark Twain

I never believe government manufactured numbers. They will always be adjusted, massaged, and manipulated to achieve a happy ending for the propagandists attempting to control and fleece the sheep. Yesterday, the government produced retail sales numbers for August that were weak and the corporate MSM propaganda machine immediately threw up bold headlines declaring how strong these numbers were. Positive stories were published on the interwebs and Wall Street hack economists were rolled out on CNBC, where the bubble headed bimbos and prostitutes for the status quo like Jim Cramer and Steve Liesman declared the recovery gaining strength. Woo Hoo. Continue reading »

Tags: , , , , ,

Sep 15

The Trials and Tribulations of “Abenomics” (Acting-Man, Sep 14, 2014):

We have frequently discussed the nonsensical attempt by Japanese prime minister Shinzo Abe and BoJ governor Haruhiko Kuroda to print and spend Japan back to prosperity. By now it is well known that devaluing the yen has not achieved the desired effect, but rather the opposite. Not only have exports not really received the expected boost, but Japan’s trade and current account surplus have decreased markedly, even posting negative numbers for the first time in decades. Of course, currency debasement never works: it cannot work. This is Keynesian logic and brilliance in all it splendor.

 

Tags: , , , , , , ,

Sep 14

FYI.


- The Fed Has A Big Surprise Waiting For You (ZeroHedge, Sep 13, 2014):

The US economy is dead. The Fed has known this for a long time, but pumped it up to where it is now to draw in all the greater fools, the so-called big investors who have made money like honey from QE and ZIRP. They are the greater fools. The American real economy ceased being a consideration long ago. We’re in for big surprises, and they won’t be pretty, they’ll be pretty nasty. There are far too many people who think of themselves as smart who don’t see the difference between a theater play and a reality show. The Fed will raise rates because that will make the biggest banks the most money. There’s nothing else that matters. The Fed can’t revive the US economy, that’s just a foolish notion. But it can suck a lot of wealth out of it.

Tags: , , , , , ,

Sep 13

Tags: , , , , , ,

Sep 09

Physical gold and silver (stored outside the banking system!) will protect your financial assets.

Even more important will be water, food, …, etc.


- On The Brink Of A Major Crisis: “This Will Be A Literal Collapse of the Entire Global Monetary System” (SHFTplan, Sep 6, 2014):

Discussions of the possible collapse of the U.S. dollar often center around how such an event will affect the domestic economy. But the dollar doesn’t just operate inside of a bubble. It is the world’s reserve currency for a reason. Some sixty-six countries world-wide either utilize it as their primary currency or peg their own currencies to its exchange rate. What this means, as noted by Future Money Trends in the micro documentary below, is that if and when the dollar does come under attack the fallout will be everywhere. The collapse will happen simultaneously and affect billions of people worldwide.

This is 33% of the nations of the world all submitting their currency sovereignty to the US Federal Reserve.

If and when the U.S. loses its currency status this will be a literal collapse of the entire global monetary system… A system that is built on lies, fraud and theft.


(Watch at Youtube)

As you might have guessed, when the game is finally up it will wreak havoc across global economies, financial markets and monetary systems. Should that ever happen, those who have failed to exchange their fiat currencies for physical goods of some sort are going to have a rude awakening. Continue reading »

Tags: , , , , , , , , , ,

Sep 06

- 53 Million Temps: All You Need To Know About The “Jobs Recovery” (ZeroHedge, Sep 5, 2014):

After years of ignoring the obvious, the Federal Reserve has been finally forced to admit that the labor force participation rate matters, and in fact has started to point it out as a clear negative when it comes to Yellen’s “dashboard” of thresholds which will allow the Fed to raise rates (for the obvious reason that the Fed is desperate to delay ZIRP as long as possible and is now highlighting all that is wrong with the economy, contrary to Obama who is still focusing on all the rigged greatness of the US recovery) and to do so is going through Zero Hedge archives to note all those things which everyone had ignored for years and which we have pointed out as structural failures of the so-called recovery.

So while we are happy to oblige the Fed with our tens of thousands of articles summarizing what is broken with the US economy thanks to, well, the Fed, here is another one: one which the Fed can use next year when the time to hike rates has come and gone, and when the Fed is once again scratching its head what to blame it on.

The chart below shows the civilian employment to population ratio: a convenient indicator of the real state of the US labor market which does away with the labor force entirely, and the associated rhetoric of why it may or may not be plunging, and merely focuses on two simple things: total population and the total civilian population of the US. One thing is clear: the ratio crashed when the depression started and has flatlined since. Which, incidentally, may be all you, and the Fed, needs to know about the recovery. Continue reading »

Tags: , , , , , ,

Sep 05

Stock-Market-Crash

- Most People Don’t Believe It, But We Are Right On Schedule For The Next Financial Crash (Economic Collapse, Sep 4, 2014):

People have such short memories.  Even though we are repeating so many of the same patterns that we witnessed in 2000-2001 and 2007-2008, most people do not think that another financial crash is coming.  In fact, with the stock market setting record high after record high lately, I have been taking quite a bit of criticism for my relentless warnings about the coming financial storm.  Many of the comments go something like this: “Snyder you are a moron!  Nothing you say ever comes true.  The stock market is going to keep on rocking and Obama is going to lead this country back to greatness.  I hope that you choke on all of your doom and gloom.”  Of course these critics never offer any hard evidence that I have been wrong about anything.  They just assume that since the stock market has soared to unprecedented heights that all of us “bears” must have been wrong. Continue reading »

Tags: , , , , ,

Sep 05

- Icahn, Soros, Druckenmiller, And Now Zell: The Billionaires Are All Quietly Preparing For The Plunge (ZeroHedge, Sep 3, 2014):

“The stock market is at an all-time, but economic activity is not at an all-time,” explains billionaire investor Sam Zell to CNBC this morning, adding that, “every company that’s missed has missed on the revenue side, which is a reflection that there’s a demand issue; and when you got a demand issue it’s hard to imagine the stock market at an all-time high.” Zell said he is being very cautious adding to stocks and cutting some positions because “I don’t remember any time in my career where there have been as many wildcards floating out there that have the potential to be very significant and alter people’s thinking.” Zell also discussed his view on Obama’s Fed encouraging disparity and on tax inversions, but concludes, rather ominously, “this is the first time I ever remember where having cash isn’t such a terrible thing.” Zell’s calls should not be shocking following George Soros. Stan Druckenmiller, and Carl Icahn’s warnings that there is trouble ahead.

Billionaire 1: Sam Zell Continue reading »

Tags: , , , , , , , ,

Sep 05

fiscal-cliff

- Economist: “This is Far From Over… They Know There Is a Problem Coming” (SHFTplan, Sep 3, 2014):

Well known Shadow Stats economist John Williams has warned time and again that the narrative being crafted by government statisticians, elite bankers and politicians is nothing but smoke and mirrors. With an election coming up in just a couple months, it’s highly unlikely that they’ll come out and tell us right now how fundamentally troubled our financial, economic and monetary systems really are.

But that doesn’t change the facts. The reality, as Williams notes in a recent interview with Greg Hunter’s USA Watchdog, is that the U.S. economy is in severe trouble and we may be just months away from the beginning of the next leg down, especially for the U.S. Dollar.

If we were to go back to the levels before the recession, we would need at least 11 million new jobs.  That’s 11 million more than we have now. . . . We are in serious trouble here. Continue reading »

Tags: , , , ,

Sep 04

- Chinese Homebuilders Expand in America as U.S. Auto Loans Hit Record Levels (Liberty Blitzkrieg, Sep 2, 2014):

Just a little tale from the streets of America
Sparkled promises paved with pathos and hysteria
Trenchant, weary native sons
Step back, step back
And see the damage done
Meander to the horizon 
The streets of America

- Bad Religion, Streets of America

Late last week I published a post titled, Your Wall Street Slumlord Arrives in Europe – Goldman and Other Financial Firms Launch “Buy to Rent” in Spain, in which I highlighted the fact that U.S. financial oligarchs had recently turned their sights toward Spanish real estate after feasting on the American market for several years and driving home prices to unaffordable levels for much of the native population.

Interestingly, today I came across an article in the Wall Street Journal that noted Chinese homebuilders are beginning to make a more aggressive push into the U.S. market. One of the main reasons for this phenomenon appears to be: Continue reading »

Tags: , , , , , ,

Sep 03

Tags: , , , , , , , , , , , , , , , , , , ,

Aug 31

… as planned by TPTB.


marc-faber1

From the article:

“We find ourselves with the same anti-free market interventionist types who set up the Federal Reserve, the US Treasury and the US government running foreign policy in America and then go and intervene in the affairs of Libya, Syria, Egypt, Iraq or Afghanistan. And as can be expected, they mess up just about everything. I think the whole region will blow up and financial markets are not paying sufficient attention to this.”

- Marc Faber Slams US Intervention In Middle East, Warns “Whole Region Will Blow Up” (ZeroHedge, Aug 30, 2014): 

Excerpted from Global Gold interview with Marc Faber,

Let’s talk about the ongoing power shift from the West to the East.

Well, basically, everything is connected and interrelated. We had a colonial system until the end of the Second World War, followed by the rise of individual countries. And over the last twenty-five to thirty years what we had was the rise of China with 1.3 billion people. Because of China’s rapid growth and resource dependence (iron ore, copper from Australia, Brazil and Africa, and oil principally from the Middle East), the Chinese have obviously become a very important economic force. Continue reading »

Tags: , , , , , , ,

Aug 30

- Dear Future American Generations, You Are Screwed (ZeroHedge, Aug 29, 2014):

Faith that the future will be better than the present is slipping, as despite President Obama’s demands that Americans not be “cynics,” a new report shows there is a major lack of confidence that the next generation will have it better than the last one. As WSJ reports, most strikingly, only 16% of respondents agree that job and career opportunities will be better for the next generation than for their own – a drop from the 56% who were optimistic about this measure in 1999 and down even from the 40% who agreed in November 2009, well into the recession. Continue reading »

Tags: , , , ,

Aug 30

… and WW3.


- JPMorgan Warns Military Escalation In Ukraine “May Lead To A Lehman-Style Shock” (ZeroHedge, Aug 29, 2014):

The sudden military escalation in Ukraine in recent days has, according to JPMorgan’s Alex Kantarovich, reduced the earlier hopes that the high level meeting in Minsk on 26 August would help to defuse the conflict. As Kantarovich warns, the markets are now bracing for the US/EU responses. In the worst case scenario, now appearing more likely, severe pressure on stocks may extend. As he concludes, “we believe that with the significant deterioration in the Ukrainian situation, markets may treat this as a Lehman-style shock.”

Tags: , , , , , , ,

Aug 26

- The New Misery Index (Of Two Minds, Aug 25, 2014):

The Status Quo is desperate to mask the declining fortunes of those who earn income from work, and the Misery Index 2.0 strips away the phony facade of bogus unemployment and inflation numbers.

The classic Misery Index is the sum of unemployment and inflation, though later variations have added interest rates and the relative shortfall or surplus of GDP growth.
Since the Status Quo figured out how to game unemployment and inflation to the point that these metrics are meaningless except as a meta-measure of centralized perception management, the Misery Index has lost its meaning as well.

I propose a Misery Index 2.0 of four less easily manipulated (and therefore more meaningful) metrics: Continue reading »

Tags: , , , , , , , ,

Aug 22

- 30 stats to show to anyone that does not believe the middle class is being destroyed (Economic Collapse, Aug 20, 2014):

The 30 statistics that you are about to read prove beyond a shadow of a doubt that the middle class in America is being systematically destroyed.  Once upon a time, the United States had the largest and most prosperous middle class in the history of the world, but now that is changing at a staggering pace.  Yes, the stock market has soared to unprecedented heights this year and there are a few isolated areas of the country that are doing rather well for the moment.  But overall, the long-term trends that are eviscerating the middle class just continue to accelerate.  Over the past decade or so, the percentage of Americans that are working has gone way down, the quality of our jobs has plummeted dramatically and the wealth of the typical American household has fallen precipitously.  Meanwhile, we have watched median household income decline for five years in a row, we have watched the rate of homeownership in this country decline for eight years in a row and dependence on the government is at an all-time high.  Being a part of the middle class in the United States at this point can be compared to playing a game of musical chairs.  We can all see chairs being removed from the game, and we are all desperate to continue to have a chair every time the music stops playing.  The next time the music stops, will it be your chair that gets removed? Continue reading »

Tags: , , , ,

Aug 22

- Argentina Peso Collapses At Fastest Pace In 8 Months, Hits Record Low (ZeroHedge, Aug 21, 2014):

Since President Kirchner unleashed her ‘cramdown’ plan for Argentinian debt, the Peso has collapsed at the fastest pace since January’s devaluation. The ‘official’ Peso prices has collapsed 1.3% in the last 2 day to 8.39 per USD – and Argentina’s debt yields have surged (prices tumbled) but the black-market Blue-Dolar price has exploded to an all-time low at 13.8 per USD, implying massive devaluation is coming.

The official Peso rate just hit record lows and is accelerating rapidly…

 

Tags: , , , , ,

Aug 17

Washington Post: Europe Is Stuck In a “Greater Depression” (Washington’s Blog, Aug 15, 2014):

“It’s a Little Misleading to JUST Call This a Depression. It’s WORSE than That”

The Washington Post’s Wonkblog reports:

Europe hasn’t recovered, because it hasn’t let itself. Too much fiscal austerity and too little monetary stimulus have, instead, put it more than halfway to a lost decade that’s already worse than the 1930s.

It’s a greater depression. Continue reading »

Tags: , , , , , ,

Aug 16

George-Soros

- “Soros Put” Rises To Record: Is The Billionaire Investor Betting On Market Crash? (ZeroHedge, Aug 15, 2014):

Back in February we observed, with some surprise, when Soros Fund Management, the investment vehicle of the famous Hungarian billionaire investor revealed in its Q4 13F that the firm had taken its bearish S&P 500 ETF – aka SPY – put exposure to a then record $1.3 billion notional, prompting us and many others to ask if Soros was preparing for a market crash. Fast forward to today when following the latest 13F disclosure from the same fund, we note, with double the surprise that a quarter after the same ETF put was lowered to “only” $299 million notional, Soros has once again increased his total SPY Put to a new record high of $2.2 billion, or nearly double the previous all time high, and a whopping 17% of his total AUM.

Some observations, which we presented previously: the “Soros put” is a legacy hedge position that the 84-year old has been rolling over every quarter since 2010. Since this was an increase of 638% Q/Q this has some people concerned that the author of ‘reflexivity’ and the founder of “open societies” may be anticipating some major market downside.

Furthermore, remember that what was disclosed yesterday is a snapshot of Soros’ holdings as of 45 days ago. What he may or may not have done with his hedge since then is largely unknown, and since there are no investor letters, there is no way of knowing even on a leaked basis how the billionaire has since positioned for the market.

Then again, considering that not only Yellen, who has warned about bubble pockets in stocks, but the BIS, Icahn and numerous other fund managers, now openly warn that the entire market has entered bubble territory, perhaps this is a case where the simplest explanation is also the right one…

Tags: , ,

Aug 16

- Is Collapse the Only Real “Fix” to Our Healthcare and Legal Systems? (Of Two Minds, Aug 14, 2014):

If structural reform is impossible as a result of political capture by vested interests, collapse is the only “fix” left.

A few days ago I discussed the overlap of two bankrupt systems: Healthcare (a.k.a. Sickcare) and our legal system–malpractice. Today we hear from two correspondents on possible fixes to malpractice: Ishabaka (M.D.) and Randy, who combines both legal and medical expertise in his family: he is an attorney and his wife is a physician.

First up: Ishabaka (M.D.), a physician who has practiced medicine in both Canada and the U.S. and served an an emergency room doctor for many years. Continue reading »

Tags: , , , , ,

Aug 15

bubble burst_0

- 14 Reasons Why The U.S. Economy’s Bubble Of False Prosperity May Be About To Burst (Economic Collapse, Aug 14, 2014):

Did you know that a major event just happened in the financial markets that we have not seen since the financial crisis of 2008?  If you rely on the mainstream media for your news, you probably didn’t even hear about it.  Just prior to the last stock market crash, a massive amount of money was pulled out of junk bonds.  Now it is happening again.  In fact, as you will read about below, the market for high yield bonds just experienced “a 6-sigma event”.  But this is not the only indication that the U.S. economy could be on the verge of very hard times.  Retail sales are extremely disappointing, mortgage applications are at a 14 year low and growing geopolitical storms around the world have investors spooked.  For a long time now, we have been enjoying a period of relative economic stability even though our underlying economic fundamentals continue to get even worse.  Unfortunately, there are now a bunch of signs that this period of relative stability is about to end.

The following are 14 reasons why the U.S. economy’s bubble of false prosperity may be about to burst: Continue reading »

Tags: , , , , , , , , , , , ,

Aug 15

Reserve Currency Status

- World Reserve Currencies: What Happened During Previous Periods Of Transition? (Economic Reason, Aug 11, 2014):

The decline of the US dollar hegemony is ever so clear today and this article aims to provide the reader with what exactly happened during past periods of reserve currency transitions. Historically, when a reserve currency transitioned over to a new one, it marked a pivotal change for the world. The economic paradigm shifted and the rules of the game changed. This time will be no different when the US dollar loses its status as the reserve currency!

The transition process of the world reserve currency brings much uncertainty

Continue reading »

Tags: , , , , , , , , , , ,

Aug 14

- Wages in U.S. down 23 percent since 2008, report shows (Cleveland.com, Aug 12, 2014):

While 8.7 million jobs have been regained since the 2008 recession, they are paying much less, by an average of 23 percent, according to a report released Monday by the United States Conference of Mayors.

The report comes as debate continues about income inequality in the United States. Continue reading »

Tags: , , ,

Aug 14

H/t reader M.G.:

“A WSJ article about the contracting economy in Japan. It addresses everything but the truth………how can these writer lie so?
How do they keep their jobs? Or, perhaps this is how they do keep their jobs, lie…….”

Yes, they have to lie all of time to keep their jobs. Maybe I should better say that the truth is getting edited out all of the time and those journalists that don’t like it that way and do something about it can look for another job (other than being a journalist, because no other paper will employ them ever again).

This is a fact and has been exposed by many journalists from all around the world.

Were it not for Fukushima, Shinzo Abe would be destroying Japan single-handedly.

Japan is totally finished on so many levels it’s hard to believe.


Shinzo Abe

- Japan’s Economy Contracts Sharply (Wall Street Journal, Aug 12, 2014):

Households Cut Spending After Sales-Tax Increase in April

TOKYO—Japan’s economy contracted sharply in the second quarter after a sales-tax increase in April sent household spending tumbling, which economists said could pressure the government to take additional stimulus measures.

Real gross domestic product, the total value of all goods and services produced in the economy, shrank 6.8% in the three months through June on an annualized basis from the prior quarter. Continue reading »

Tags: , , , , , ,

Aug 13

FYI.



Streamed live on Aug 10, 2014


Description:

http://www.thenuclearproctologist.org/ The entire 200 kilometers we checked of Canadian Pacific Coast Line was devoid of all life , recovery is highly unlikely . This presentation will be followed tonight with a Q & A session at 8 pm pacific Canada time on this same site beautifulgirlbydana . Watch the live presentation Aug 10th 2014 at 1 pm BC Pacific time in Canada on beautifulgirlbydana
it will show up at this link https://www.youtube.com/user/Beautifu…

Low tide zone info
http://ibis.geog.ubc.ca/biodiversity/…
https://www.crd.bc.ca/education/in-yo…
B,C, parks Over 5000 species PDF file download
http://www.env.gov.bc.ca/bcparks/cons…

Tags: , , , , , , , , , , , ,

Aug 13

- France’s ‘Recovery’ In 1 Hard-To-Believe Chart (ZeroHedge, Aug 12, 2014):

With French government bonds trading at record low yields under 1.5%, it is hard to argue that the troubled socialist nation is ‘priced’ for either recovery or credit risk… but then again, thanks to Draghi’s promise and domestic banks’ largesse, none of that matters. With joblessness at record highs, the following chart of France’s “recovery” shows near-record high bankruptcies and record-low profitability. Oh the beauty of socialism…as Europe’s core diverges dramatically.

“Recovery”?

20140812_france2

*  *  *

The widening popularity gap between Angela Merkel of Germany and Francois Hollande of France reflects the countries’ diverging economic performances.

Continue reading »

Tags: , , , , ,

Aug 13

Ferguson-Riots

- Ferguson Is A Perfect Example Of How Quickly The Streets Of America Can Descend Into Chaos (Economic Collapse, Aug 11, 2014):

Rioting, looting, burning down stores and shooting police officers – is this about to become the “new normal” in America?  What we just witnessed happen in the streets of Ferguson, Missouri is a prime example of how quickly the streets of America can descend into chaos.  There is so much anger and frustration in this country, especially among our young people, that all it takes is a “trigger event” to spark a wildfire.  In this case, it was the shooting of an unarmed black teen by a police officer.  According to the police, 18-year-old Michael Brown got into a physical altercation with an officer and was subsequently shot.  Word spread quickly throughout the community, and protests were rapidly organized.  But the protests didn’t stay peaceful.  People started chanting “kill the police” and throwing rocks and bottles.  Store windows were smashed, the looting began, and people went absolutely crazy.  And it wasn’t just a few people that were doing the looting.  Huge mobs of people looted stores all over Ferguson.  At one point an ATM was even dragged out of a QuikTrip gas station and a while after that the store was set on fire.  But this is what happens when things descend into chaos.  The owners of those stores didn’t have anything to do with the shooting of Michael Brown, but the violence got directed at them anyway.  And someday when we see similar scenes erupt in major cities all over the nation, it won’t matter what your political beliefs are.  You just better not be in the wrong place at the wrong time. Continue reading »

Tags: , , , ,