And what could possibly go wrong?
Germany holds 25% of global shipping loans as industry collapses.
H/t reader squodgy.
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“Get prepared,” warns billionaire commodity guru Jim Rogers, “because we’re going to have the worst economic problems in your lifetime and a lot of people are going to disappear.” In this wide-ranging interview with MacroVoices’ Erik Townsend, the investing legend discusses everything from whether Russia is being scapegoated (“yes, ask Victoria Nuland”), the war against cash (“governments love it… they want to control everything”), to his views on gold and the demise of freedom.
Full podcast below:
Are Russians the bad guys?
Well I do know that during the last administration, Mr. Obama’s administration as you probably remember we started, we tried to pull of an illegal coup in Ukraine, we got caught at it, what’s her name, Victoria Nuland, whatever the woman’ name the State Department they have there several pieces of evidence where we know she tried to instigate an illegal coup then of course the Russians outsmarted us and so the State Department started blaming it on the Russians and the hype against the Russians has gotten bigger and bigger ever since after we started– or tried to start, tried to instigate the illegal coup Crimea and Ukraine.
And what will happen, when the greatest financial collapse in world history will take place?
In a tragic development one would expect to see play out in its economically devastated northern neighbor, Venezuela, more than 100 people have been reported killed in violence and looting during a six-day strike by police in the Brazilian state of Espirito Santo, resulting in public chaos and anarchy, with schools and businesses closed and public transportation frozen.
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Every year around this time the US federal government releases an annual financial report to the public.
It would be hilarious if the numbers weren’t actually true.
Just like Apple or Exxon, the government’s annual report contains several important financial statements and detailed commentary about their finances and operations.
But unlike Apple, Exxon, the government can’t manage to turn a profit. Ever.
According to this year’s report, the government’s net loss “more than doubled, increasing $533.2 billion (103.7%) during [Fiscal Year] 2016 to $1.0 trillion.” Continue reading »
Professor Ted Malloch, Trump’s expected ambassador to the EU says “The one thing I would so in 2017 is short the euro.”
“I am not certain there will be a European Union in which to have negotiations… The one thing I would do in 2017 is short the euro. I think it is a currency that is not only in demise, but has a real problem and could in fact collapse in the coming year or year and a half.”
- Former economist Professor Ted Malloch says he would bet on the euro failing
- Says Trump believes EU ‘has overshot its mark’ and ‘very opposed’ to Brussels
- Malloch also says a ‘mutually beneficial’ US-UK free trade deal could be hammered out within 90 days by cutting out the ‘bureaucrats’
The man tipped to become Donald Trump’s ambassador to the EU predicted the euro ‘could collapse’ within the next 18 months.
Professor Ted Malloch, a former economist and close adviser of the US President, said he would bet on the euro failing and said Mr Trump believes the EU ‘has overshot its mark’.
‘The one thing I would do in 2017 is short the euro,’ he told the BBC.
‘I think it is a currency that is not only in demise but has a real problem and could in fact collapse in the coming year, year and a half. Continue reading »
The Institute for New Economic Thinking’s President Rob Johnson was interviewed by the New Yorker on hedge-fund managers and the market for air strips in New Zealand…
Interviewed as part of an extraordinary New Yorker investigation into growing anxiety among America’s corporate elite over the potential for anarchic social collapse, Institute President Robert Johnson saw his peers’ talk of bolt-holes in New Zealand as reflecting a deeper crisis.
Johnson told writer Evan Osnos of the mounting anxiety he had encountered among hedge-fund managers and other wealthy Americans he knew.
“More and more were saying, ‘You’ve got to have a private plane,” Johnson said. “You have to assure that the pilot’s family will be taken care of, too. They have to be on the plane.’ ”
Osnos writes: Continue reading »
What does top Bilderberg member Peter Thiel know, that most of the people don’t know?
Continue to prepare for the greatest financial collapse in world history and civil war.
THE term “doomsday prepper” provokes images of tin foil hat-wearing, gun-totting bushmen, the likes of which appear on the plethora of TV shows dedicated to their pessimistic worldview.
But across the United States, at the big end of town — both on Wall Street and Silicon Valley — there is apparently growing paranoia about the potential of impending catastrophe and many are hatching contingency plans.
And it appears New Zealand is at the top of the list for many of the super rich who are seeking “apocalypse insurance”.
In a truly fascinating article published this week by The New Yorker, journalist and author Evan Osnos investigated the surprisingly extensive world of centi-millionaire and billionaire doomsday preppers hedging against the potential of mass social unrest.
An unknown number of Silicon Valley titans are reportedly buying up property in New Zealand as a safe haven when the proverbial s**t hits the fan. Continue reading »
Could there be a crash coming in 2017? Will increasing interest rates at the Federal Reserve trigger the beginning of the end?
It is possible, but not certain.
It will fall, perhaps, after a new sense of normal sets in, and some become comfortable with the change in leadership, and accustomed to drowning out the opposition yelling noisily from the other side. Expectations have been set for a growing economy, fresh infrastructure and new hopes for the average worker.
But getting too comfortable would be a huge mistake. All that could prove to be a mirage. And things could come crashing down. Continue reading »
True. Another big mistake is to forget to live … your life.
It’s just that Trump, like Clinton, is part of the elite and is the choice of TPTB, who have the financial collapse, hyperinflation and WW3 planned for us.
In a wildly viral article from TheEconomicCollapseBlog.com, Michael Snyder reveals that prepping has collapsed among Trump supporters since the day of the election. “[I]nterest in prepping is probably the lowest that it has ever been in the history of the modern prepper movement. A couple of weeks ago, I wrote an article about how it was like ‘a nuclear bomb went off in the prepping community’, and nothing has changed since that time,” Snyder wrote. Continue reading »
Long-simmering social tensions in Mexico are threatening to boil over as failing neoliberal reforms to the country’s formerly nationalized gas sector are compounded by open corruption, stagnant standards of living, and rampant inflation.
The U.S. media has remained mostly mute on the situation in Mexico, even as the unfolding civil unrest has closed the U.S.-Mexico border in San Diego, California, several times in the past week. Ongoing “gasolinazo” protests in Mexico over a 20 percent rise is gas prices have led to over 400 arrests, 250 looted stores, and six deaths. Roads are being blockaded, borders closed, and government buildings are being sacked. Protests have remained relatively peaceful overall, except for several isolated violent acts, which activists have blamed on government infiltrators. Continue reading »
Four days after the first sporadic protests emerged in Mexico City, following the infamous “gasolinazo”, or mandatory 15%-20% increase in Mexican gas prices which went into effect on January 1, the mood across the country has significantly deteriorated, with hundreds of demonstrators blocking highways, snarling traffic, raiding gas stations, jeopardizing critical supplies, and looting stores as angry but impotent motorists lashed out at the price surge, which is only going to get worse as inflation spikes even more following the record plunge in the Mexican Peso.
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Prices offered by different shops can vary wildly. For example, offers on a single diamond ring Birnholtz shopped around to different storefronts in the Detroit area ranged from $65 to $1,060.
Pawnshops don’t exactly have the best of reputations. Their business model – offering people short-term loans using personal items as collateral – has consistently drawn complaints suggesting the industry preys upon the needy. In 2012, when a national chain wanted to open a pawnshop in a long-vacant lot in Chicago’s predominantly African American 18th Ward, for example, community members erupted up in strident opposition.
For millions of public sector workers in the U.S., state-run pension funds are the only chance left for a comfortable retirement. In the hopes of providing a stable future for their families, an entire generation was duped into putting decades of their earnings into these supposedly ‘risk-free’ investments. Unfortunately, those who have entrusted the government to manage their life savings may end up destitute as a result.
Budgetary shortfalls that have plagued Detroit for years are now spreading to other municipalities. Since 2008, six local governments have been forced to renegotiate their debts in bankruptcy court, with many others on the same trajectory. The scale of the problem has been repeatedly understated by the media, but across the nation, a somber reality is beginning to set in. Continue reading »
What is the anatomy of a breakdown?
The past eight years have been extremely difficult for the real economy. Central bank intervention has propped up the stock market at the expense of the main street economy, at the expense of middle class security, at the expense of jobs.
And everyone knows that game can’t continue. The question is how it will play out, and how long the game will be. Continue reading »
Former Counterintelligence Special Agent, US Army Chief Warrant Officer, and Combat Veteran. I grew up in the woods and spent a lifetime in various environments from deserts to jungles to politically-sensitive urban environments, and I’m here to tell you what I know.
What is the Gray Man concept and what does it have to do with survival?
“Don’t be a fly on the wall. Be the wall.” Remember what they say about first impressions? They last. Don’t make a first impression. Don’t make an impression at all.
Ever watch The Silence on Dr Who? They could make you forget they were there. You should leave a person just like that. Why do people make an impression? Because they stand out. Standing out in a SHTF or disaster scenario can get you killed.
Some people just naturally stand out. Some are tall, some are large, some are gorgeous, some are loud. Why do they stand out? They stand out because they trigger something in your thought process. It could be that you somehow consider them a threat, a potential mate, remind you of someone in the past or are just wearing something that doesn’t fit with your expectations at the time.
The secret to not standing out is hidden herein. In order to stay off the radar of others, whether you’re an undercover secret agent or just trying to get through a bad neighborhood, you need to be the person who doesn’t trigger anything in the thought process of others. We call that person the Gray Man. He is invisible. It’s not that he doesn’t exist or interact with people though. He can walk through a crowd, take note of everything he wants, complete his mission or walk through an area and be out without anyone remembering he was there. Continue reading »
This article was originally published at Birch Gold Group
Of all the troubling economic issues in the United States today, the current crisis erupting from mismanaged public pension programs stands out as a uniquely menacing threat to Americans’ financial security. Five major cities have filed bankruptcy over pension woes since 2008, and dozens more are teetering on the brink.
Faced with massive budget shortfalls, a rapidly increasing number of beneficiaries, and stagnant rates of return, federal and state pension funds around the country are near their tipping point.
In the ongoing saga of Venezuela’s sad economic slide into hell, it came as a strong arm move on the part of President Maduro.
Bank runs are happening in Venezuela, but not to pull money from the banks; rather, to get their 100 Bs. bills into the banks before a 72-hour time limit expires and the notes become outlawed currency that is no longer officially recognized. Continue reading »