Ed note...I can't tell you when it's coming...but it will come like a thief in the night...
The Coming Economic Collapse Will Push The US Into A 3rd World Country
from X22Report Spotlight:
by Michael Snyder, The Economic Collapse Blog:
We witnessed something truly historic happen on Friday. The Dow Jones Industrial Average plummeted 530 points, and that followed a 358 point crash
on Thursday. When you add those two days together, the total two day
stock market crash that we just witnessed comes to a grand total of 888 points,
which is larger than any one day stock market crash in U.S. history.
It is also interesting to note that this 888 point crash comes in the
8th month of our calendar. Perhaps that is just a coincidence, and
perhaps it is not. It just struck me as being noteworthy. This is the
first time that the Dow has dropped by more than 300 points on two
consecutive days since November 2008, and we all
remember what was happening back then. Overall, this was the worst week
for the Dow in four years, and there have only been five other months throughout history
when the Dow has fallen by more than a thousand points (the most recent
being October 2008). Of course we still have six more trading days
left in August, so there is plenty of time remaining for even more
carnage.
Read More…
from Truth Never Told:
filed under (unt
from The News Doctors:
The US Department of Justice may announce criminal charges against
Democratic Party presidential candidate Hillary Clinton around the time
of the first presidential primary. The charges would arise from
Clinton’s mishandling of classified information in her email
correspondence during her time as secretary of state. So suggests Fox
News Senior Judicial Analyst Andrew Napolitano in a new Fox News
interview.
In the interview, Napolitano, who was a New Jersey judge, answers “yes” in response to this query from host Steve Doocy: “Do you feel with your judicial gut [Clinton] is going to wind up getting charged?” Napolitano, a Ron Paul Institute Advisory Board member, then proceeds to predict that, “if there is enough evidence to bring criminal charges,” the Federal Bureau of Investigation (FBI) would reveal that around the time of the first-in-the-nation New Hampshire presidential primary.
Read More
filed under (unt
from TruthStreamMedia:
It’s kinda hard to believe I actually had to make this video wherein I
had to pretend like any of the words that are coming out of this
person’s mouth are even 0.0002% genuine.
That really just happened. Wow, America. Just…
Wow.
The naivety of Americans believing that this man speaks for the people and could save the country is astounding.
Read More
from TheAlexJonesChannel:
The Coming Economic Collapse Will Push The US Into A 3rd World Country
from X22Report Spotlight:
We witnessed something truly historic happen on Friday. The Dow Jones Industrial Average plummeted 530 points, and that followed a 358 point crash
on Thursday. When you add those two days together, the total two day
stock market crash that we just witnessed comes to a grand total of 888 points,
which is larger than any one day stock market crash in U.S. history.
It is also interesting to note that this 888 point crash comes in the
8th month of our calendar. Perhaps that is just a coincidence, and
perhaps it is not. It just struck me as being noteworthy. This is the
first time that the Dow has dropped by more than 300 points on two
consecutive days since November 2008, and we all
remember what was happening back then. Overall, this was the worst week
for the Dow in four years, and there have only been five other months throughout history
when the Dow has fallen by more than a thousand points (the most recent
being October 2008). Of course we still have six more trading days
left in August, so there is plenty of time remaining for even more
carnage.Read More…
by J. D. Heyes, Natural News:
Amid a global financial system that remains in flux, oil prices tanked
Friday as well, sending prices below $40 a barrel for the first time
since the Global Recession was at its peak in 2009.
Prices touched a six-and-a-half year low of $39.86 a barrel for a brief period, rising above $40 to settle around just above that mark by early afternoon, according to Reuters and Bloomberg Business.
Bloomberg reported further:
Prices have tumbled almost 35 percent since this year’s peak in June as producers maintain output even after an oversupply pushed prices into a bear market. U.S. benchmark West Texas Intermediate may drop to $32 on the persisting global surplus, Citigroup Inc. said in a report Aug. 19. Concerns that China’s economic growth will reduce demand also weighed on futures.
Read More
Amid a global financial system that remains in flux, oil prices tanked
Friday as well, sending prices below $40 a barrel for the first time
since the Global Recession was at its peak in 2009.Prices touched a six-and-a-half year low of $39.86 a barrel for a brief period, rising above $40 to settle around just above that mark by early afternoon, according to Reuters and Bloomberg Business.
Bloomberg reported further:
Prices have tumbled almost 35 percent since this year’s peak in June as producers maintain output even after an oversupply pushed prices into a bear market. U.S. benchmark West Texas Intermediate may drop to $32 on the persisting global surplus, Citigroup Inc. said in a report Aug. 19. Concerns that China’s economic growth will reduce demand also weighed on futures.
Read More
by Mac Slavo, SHTFPlan:
There is an unsettling feeling creeping over the land…
And very obviously the fear of something big approaching is not confined to those on the fringes, because mainstream investors are now losing confidence on an almost unprecedented level.
Right now it is big news that the stock market just took one of its biggest tumbles in recent history, while oil prices plummeted back down to historical lows, touching below $40 per barrel. CNBC reports:
Read More
There is an unsettling feeling creeping over the land…And very obviously the fear of something big approaching is not confined to those on the fringes, because mainstream investors are now losing confidence on an almost unprecedented level.
Right now it is big news that the stock market just took one of its biggest tumbles in recent history, while oil prices plummeted back down to historical lows, touching below $40 per barrel. CNBC reports:
Read More
The Demands For Another Fed Bailout Have Begun
Submitted by Tyler Durden on 08/22/2015 - 13:15 Is it any wonder that with "personal finance experts" such as these, that the personal finances of America have never been worse?from Truth Never Told:
filed under (unt
The US Department of Justice may announce criminal charges against
Democratic Party presidential candidate Hillary Clinton around the time
of the first presidential primary. The charges would arise from
Clinton’s mishandling of classified information in her email
correspondence during her time as secretary of state. So suggests Fox
News Senior Judicial Analyst Andrew Napolitano in a new Fox News
interview.In the interview, Napolitano, who was a New Jersey judge, answers “yes” in response to this query from host Steve Doocy: “Do you feel with your judicial gut [Clinton] is going to wind up getting charged?” Napolitano, a Ron Paul Institute Advisory Board member, then proceeds to predict that, “if there is enough evidence to bring criminal charges,” the Federal Bureau of Investigation (FBI) would reveal that around the time of the first-in-the-nation New Hampshire presidential primary.
Read More
China Chooses Her Weapons
Submitted by Tyler Durden on 08/22/2015 - 19:28 China believes, with good reason, that she is more politically and economically robust, and has a better grasp over the actions of her own citizens, than the welfare economies of the west in the event of an economic downturn. Therefore, she is pursuing her foreign exchange policy from a position of strength. And the increments that will now be added to gold reserves month by month are a signal that China believes she can destabilise the dollar through her control of the physical gold market, because it gently reminds us of an unanswered question always ducked by the US Treasury: what evidence is there of the state of the US's gold reserves?filed under (unt
Clinton Madison: Tying It All Together
Submitted by Tyler Durden on 08/22/2015 - 19:01 There is at least one hacked account that is sure to have been mysteriously deleted... You know, for personal reasons.Productivity In America Now On Par With Agrarian Slave Economy
Submitted by Tyler Durden on 08/22/2015 - 18:29 Adjusting for the WWII anomaly (which tells us that GDP is not a good measure of a country’s prosperity) US productivity growth peaked in 1972 – incidentally the year after Nixon took the US off gold. The productivity decline witnessed ever since is unprecedented. Despite the short lived boom of the 1990s US productivity growth only average 1.2 per cent from 1975 up to today. If we isolate the last 15 years US productivity growth is on par with what an agrarian slave economy was able to achieve 200 years ago."The Seven Year Glitch" - Has The Time Come
Submitted by Tyler Durden on 08/22/2015 - 17:43 The table below, courtesy of State Street's "Mr Risk", looks at key events occuring in 7 year cycles, finds that every recent multiple of the year 2015 going back in 7 year increments brings with it some major adverse market event, and asks: is it 2015's turn?Jim Chanos' Dire Prediction On China: "Whatever You Might Think, It's Worse"
Submitted by Tyler Durden on 08/22/2015 - 17:00 "People are beginning to realize the Chinese government is not omnipotent and omniscient. In fact, like many of us, sometimes they don't have a clue."What Does The Fed Do Now? The FOMC Decision Tree
Submitted by Tyler Durden on 08/22/2015 - 16:14 The $64,000,000,000,000 question: what does the Fed now do? One attempt at an explanation taking into account last week's market plunge comes from Nomura, which provides a "2015 Scenario Analysis" in which it "breaks down various monetary policy (rate hike options) and rates market implications ahead."A Modern-Day Shoeshine Boy Moment
Submitted by Tyler Durden on 08/22/2015 - 15:30 The current bubble is not comparable to the mania that culminated in the year 2000. At the time, one could actually watch out for very close equivalents to the shoeshine boy, given the huge participation of retail traders in the market. Nowadays we have a “bubble of professionals”, so we must look for something slightly different. And we have found it – or rather, it actually fell into our lap yesterday, or rather, suddenly appeared in our inbox.Is This Where The Long Lost Nazi "Gold Train" Is Located
Submitted by Tyler Durden on 08/22/2015 - 15:09 Earlier this week, two people, a Pole and a German, said they may have found the legendary, long-lost Nazi train rumored to be full of gold, gems and guns, i.e., the prize possessions of years of Third Reich plunder, that disappeared just before the end of World War Two. As BBC first reported, the train was believed to have gone missing near what is now the Polish city of Wroclaw as Soviet forces approached in 1945.
It’s kinda hard to believe I actually had to make this video wherein I
had to pretend like any of the words that are coming out of this
person’s mouth are even 0.0002% genuine.That really just happened. Wow, America. Just…
Wow.
The naivety of Americans believing that this man speaks for the people and could save the country is astounding.
Read More
from Washington’s Blog:
Three cheers for Reuters pointing out that the Pentagon can’t explain what it did with $8.5 trillion that taxpayers gave it between 1996 and 2013.
Three trillion cheers for a blogger who is pointing out that this fact renders many other concerns ludicrous, and recommending that people bring it up at every opportunity:
“What’s that? Body cameras for all cops will be too expensive? How about we find 1/10,000th of the money we sent to the Pentagon.”
Read More
Three cheers for Reuters pointing out that the Pentagon can’t explain what it did with $8.5 trillion that taxpayers gave it between 1996 and 2013.Three trillion cheers for a blogger who is pointing out that this fact renders many other concerns ludicrous, and recommending that people bring it up at every opportunity:
“What’s that? Body cameras for all cops will be too expensive? How about we find 1/10,000th of the money we sent to the Pentagon.”
Read More
[Ed. Note:
Most of you can relate to this one. My friend JC has been on the
painful road of trying to wake up his ‘highly educated’ mainstream news
consuming brother. But as we’ve long maintained, our friends, FAMILY,
neighbors and colleagues will only wake up when they CHOOSE to wake up.
Here’s JC’s story.]
by JC, SGT Report:
“Global banks are facing billions of pounds-worth of civil claims in London and Asia over the rigging of currency markets, following a landmark legal settlement in New York” reports the Financial Times. So the Milk WAS Spoiled All Along!
Why the Little Rascals’ analogy you ask? You see, my brother, who is a pro-establishment lawyer and mainstream media follower, God love him, last week used this very analogy to explain away all the arguments made by so-called economic truthers & conspiracy theorists. By that, he meant that those of us, who are warning about the pending global currency reset, can and should all be dismissed away as little kids playing the rumour-mill game around the dinner table.
Read More
by JC, SGT Report:
“Global banks are facing billions of pounds-worth of civil claims in London and Asia over the rigging of currency markets, following a landmark legal settlement in New York” reports the Financial Times. So the Milk WAS Spoiled All Along! Why the Little Rascals’ analogy you ask? You see, my brother, who is a pro-establishment lawyer and mainstream media follower, God love him, last week used this very analogy to explain away all the arguments made by so-called economic truthers & conspiracy theorists. By that, he meant that those of us, who are warning about the pending global currency reset, can and should all be dismissed away as little kids playing the rumour-mill game around the dinner table.
Read More
from Western Journalism:
Right now, White House officials are booking flights to Mexico…and they’re not bringing back souvenirs.
They’re on their way to the United Nations Small Arms Conference, scheduled in Mexico City on August 24, 2015.
And they’re planning to bring back the framework for a global gun control regime.
It’s important that you contact your Senators right now and tell them to vote NO on any agreement reached at the Mexico UN conference.
Read More
Right now, White House officials are booking flights to Mexico…and they’re not bringing back souvenirs.They’re on their way to the United Nations Small Arms Conference, scheduled in Mexico City on August 24, 2015.
And they’re planning to bring back the framework for a global gun control regime.
It’s important that you contact your Senators right now and tell them to vote NO on any agreement reached at the Mexico UN conference.
Read More
by Dave Kranzler, Investment Research Dynamics:
NEW RECOMMENDATION: Amidst the carnage of the global stock markets this morning and even in light of the sustained bear market in crude oil, the narrowing of the contangos in Brent and WTI brings us to become a buyer of crude as noted at length above. We’ll buy a unit of crude oil, split between Brent and WTI, upon receipt of this commentary. We shall, for the moment, give these prices the latitude to move 3% against us, hoping that we can tighten that up when we return Monday. The Gartman Letter
Dennis Gartman has been notorious for being a “spunk receptacle” for hedge funds looking to unload a bad position. His audience is moronic high net worth financial advisors and brain-dead institutional “buy the dip” with other people’s money” pension and investment fund managers. Perhaps the only better contrarian indicator than Gartman is Jim Cramer.
Read More
NEW RECOMMENDATION: Amidst the carnage of the global stock markets this morning and even in light of the sustained bear market in crude oil, the narrowing of the contangos in Brent and WTI brings us to become a buyer of crude as noted at length above. We’ll buy a unit of crude oil, split between Brent and WTI, upon receipt of this commentary. We shall, for the moment, give these prices the latitude to move 3% against us, hoping that we can tighten that up when we return Monday. The Gartman Letter
Dennis Gartman has been notorious for being a “spunk receptacle” for hedge funds looking to unload a bad position. His audience is moronic high net worth financial advisors and brain-dead institutional “buy the dip” with other people’s money” pension and investment fund managers. Perhaps the only better contrarian indicator than Gartman is Jim Cramer.
Read More
from Red List News:
In episode 6 of Red List News, both Jim and Dave cover the “going deep” story as North and South Korea lob rockets back and forth in the region that some experts think may be ground-zero for WW III. Next, Jim reports on the proliferation of “rouge drones,” while Dave highlights the FBI documents on file for the late comedian, George Carlin. Lastly, Jim once again provides updates on the bombshell article by Mike Adams; updates which include a 3-layered electronic attack by China. Speaking of electronic attacks, Dave finished with a story about the proposal to grant or deny credit based upon your Facebook friends.
from trendsjournal:
We shall see...
/In episode 6 of Red List News, both Jim and Dave cover the “going deep” story as North and South Korea lob rockets back and forth in the region that some experts think may be ground-zero for WW III. Next, Jim reports on the proliferation of “rouge drones,” while Dave highlights the FBI documents on file for the late comedian, George Carlin. Lastly, Jim once again provides updates on the bombshell article by Mike Adams; updates which include a 3-layered electronic attack by China. Speaking of electronic attacks, Dave finished with a story about the proposal to grant or deny credit based upon your Facebook friends.
by Dr. Jeffrey Lewis, Silver-coin-investor:
There are fundamentals. And then there is legalized betting, ultimately
backed by you, the tax payer. Otherwise known as speculative trades.
Modern day commodity prices are determined by the latter, rather than by the result of trading based on the former.
As silver prices bounce along the bottom of a four-year dismal performance range, suddenly it becomes nationalize news. Everyone likes to see the aftermath of a train wreck.
From the bearish nonsense emanating from the mainstream press, to the evergreen bullishness of the alternative – ‘pro-gold and silver’ publishers, too few acknowledge the true depths of these broken markets.
Read More
There are fundamentals. And then there is legalized betting, ultimately
backed by you, the tax payer. Otherwise known as speculative trades. Modern day commodity prices are determined by the latter, rather than by the result of trading based on the former.
As silver prices bounce along the bottom of a four-year dismal performance range, suddenly it becomes nationalize news. Everyone likes to see the aftermath of a train wreck.
From the bearish nonsense emanating from the mainstream press, to the evergreen bullishness of the alternative – ‘pro-gold and silver’ publishers, too few acknowledge the true depths of these broken markets.
Read More
from trendsjournal:
from The Burning Platform:
Imagine that the Food and Drug Administration (FDA) was a corporation,
with its shares owned by the nation’s major pharmaceutical companies.
How would you feel about the regulation of medications? Whose interests
would this corporation be serving? Or suppose that major oil companies
appointed a small committee to periodically announce the price of a
barrel of crude in the United States. How would that impact you at the
gasoline pump?
Such hypotheticals would strike the majority of Americans as completely absurd, but it’s exactly how our banking system operates.
Read More
Imagine that the Food and Drug Administration (FDA) was a corporation,
with its shares owned by the nation’s major pharmaceutical companies.
How would you feel about the regulation of medications? Whose interests
would this corporation be serving? Or suppose that major oil companies
appointed a small committee to periodically announce the price of a
barrel of crude in the United States. How would that impact you at the
gasoline pump?Such hypotheticals would strike the majority of Americans as completely absurd, but it’s exactly how our banking system operates.
Read More
by Dave Hodges, The Common Sense Show:
Mike Adams, the Health Ranger, is stating that based on evidence
derived from Chinese dissidents, that the Chinese, in response to the
American space-based attack upon Tianjin, will launch a three-pronged
attack from the United States from 7,000 miles away. The attack will
consist of the following strategies:
Layer #1) An attack on the dollar and U.S. debt instruments.
Layer #2) A massive cyber warfare attack on the U.S. infrastructure.
Layer #3) An attack on U.S. military satellites to maximize the disruption of military communications, banking transactions, emergency services and other systems that depend on satellite communications.
Read More
Mike Adams, the Health Ranger, is stating that based on evidence
derived from Chinese dissidents, that the Chinese, in response to the
American space-based attack upon Tianjin, will launch a three-pronged
attack from the United States from 7,000 miles away. The attack will
consist of the following strategies:Layer #1) An attack on the dollar and U.S. debt instruments.
Layer #2) A massive cyber warfare attack on the U.S. infrastructure.
Layer #3) An attack on U.S. military satellites to maximize the disruption of military communications, banking transactions, emergency services and other systems that depend on satellite communications.
Read More
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