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Peter Schiff: In The Impending Collapse ‘Everything That Can Go Wrong, Will’
Peter Schiff: In The Impending Collapse ‘Everything That Can Go Wrong, Will’
The impending economic collapse is hidden from most. People only see a rising stock market, not the negative underlying factors that will cause the whole system to crash.
The weakening of the U.S. dollar is just getting started, warned veteran market forecaster Peter Schiff, CEO of Euro Pacific Capital. “We have just begun a major, long-term bear market in the dollar,” he said, which should cause a spike in oil prices. He thinks oil will reach $80-$100 a barrel in 2018. The commodity currently trades at roughly $63 a barrel. Shiff focuses on oil as just one example of the inflation that will help collapse the dollar.
When the price of oil rises, it reverberates through the economy. Peter called it a gigantic tax hike for consumers. But the Fed is still worried prices aren’t going up fast enough and that they won’t hit the mystical 2% goal.
“They’re going to hit that out of the park. They’re going to be looking at 2% in the rearview mirror – in the distant rearview mirror. That is going to be the big story. They’re going to way overshoot and they’re not going to be able to do anything about it.” –Peter Schiff
Schiff also warns that the dollar’s decline is just getting starting. He also says“everything that can go wrong, will.” We are not experiencing economic growth. We are experiencing inflation.
“High inflation is not good for the dollar. By definition, high inflation means the dollar is losing purchasing power. If the dollar is losing purchasing power, that is bad for the dollar,” Shiff explains.
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U.S. Policies Continue to Fail in 2018
U.S. Policies Continue to Fail in 2018
As of this writing, the Russian military has had three of their bases attacked by drones. They destroyed six of them and captured another seven. The significance: the drones are of a quality that could not have been made by the ISIS “rebels,” and had to come from a technologically-advanced nation. The drones were multidirectional and able to be controlled by satellite through GPS coordinates.
[Schwarzenegger, in “Predator”]: “Heat seeker, Dillon. Pretty sophisticated for a bunch of half-assed mountain boys.”
Exactly. The U.S. (via Tillerson) released a statement that the U.S. was not involved in the drone strike and was unaware of who supplied the drones. Not only does that not hold any water, but as it turns out, a U.S. intelligence aircraft was monitored in the theatre while these drone attacks were taking place. Syria is still being hotly contested between Assad and the “rebels” who are none other than Al Qaeda that “morphed” several times to become the ISIS we all know and uphold in the manner of Emmanuel Goldstein, the bogeyman of Orwell’s “1984.”
On the front with Eastern Ukraine, the Russian-backed separatists are about to receive a present…bequeathed by Obama, and allowed to be delivered by President Trump, certified by the Senate and all on the taxpayer’s dime. This being antitank weapons in the form of Javelins and other antitank missiles to the tune of about $47 million. Now the President is thinking of tripling that amount. So much for “détente,” and the reset that was supposed to happen with Russia.
Domestically, as disturbing as our foreign policy (and in some ways more so) is the project to create a domestic “spy” service to complement the alphabet agencies.
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Flu Outbreak: Medicine Shortages And A Rising Death Toll In California
Flu Outbreak: Medicine Shortages And A Rising Death Toll In California
A severe flu outbreak has struck California making the medicine used to treat the illness sparse, and filling emergency rooms with those suffering from the symptoms. The death toll is also rising rapidly as more and more people are succumbing to the virus.
According to the LA Times, health officials said Friday that 27 people younger than 65 have died of the flu in California since October, compared with three at the same time last year. Nationwide and in California, flu activity spiked sharply in late December and continues to grow. For example, the emergency room at UCLA Medical Center in Santa Monica typically treats about 140 patients a day, but at least one day this week had more than 200 patients mostly because of the flu, said the ER’s medical director, Dr. Wally Ghurabi. “The Northridge earthquake was the last time we saw over 200 patients,” Ghurabi said.
The flu season normally peaks in February, but experts claim that this year, it’s peaking early, and that’s why there have been so many flu victims. The flu season is typically worst around February but can reach its height anytime from October to April. Though influenza had only killed three Californians at this time last year, it had taken 68 lives by the end of February, according to state data.
Many California doctors, however, maintain that the recent surge has been unusually severe. “Rates of influenza are even exceeding last year, and last year was one of the worst flu seasons in the last decade,” said Dr. Randy Bergen, clinical lead of the flu vaccine program for Kaiser Permanente in Northern California.
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WW3 Approaches, Expert Warns: ‘North Korea Will Test ICBM During Olympics’
WW3 Approaches, Expert Warns: ‘North Korea Will Test ICBM During Olympics’
Defcon analysts are claiming North Korea and their round pint-sized tyrant, Kim Jong-Un, will test another intercontinental ballistic missile, and much “sooner than expected.” This test is likely to occur during the Winter Olympics in South Korea.
The shocking warning from Defcon comes amid news that the South and the North have rekindled talks about the Olympics. Defcon has monitored and analyzed nuclear threats against the United States since 1984 and classes the immediacy of the threat numerically and by color. The US is currently at Defcon 5, code Green, meaning there are no imminent nuclear threats against the country.
But according to Defcon analyst, Harry Kazianis, the North will most likely conduct their next ICBM test during the Winter Olympics, which is set to take place in Pyeongchang, South Korea in February of this year. “They are going to test an ICBM, or nuclear weapon, or try to hack these Olympics. They are not going to do nothing. They are going to do something,” Kazianis said.
North Korea has been ignoring calls to put an end to its threatening rhetoric, fueling fears of World War 3 among the international community. Kazianis also warned that leader Kim Jong-un could exploit the Winter Olympics to showcase his military arsenal in front of the world despite the offering of the proverbial olive branch to neighboring South Korea. “Of course, the South Koreans are going to try and make the best of it but I guarantee the North Koreans are going to use this for propaganda advantage,” Kazianis reiterated.
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Intelligence Insider Warns Of Imminent War: “Likely In The Next 12 Weeks… The Director Of The CIA Told Me”
Intelligence Insider Warns Of Imminent War: “Likely In The Next 12 Weeks… The Director Of The CIA Told Me”
Having worked closely with U.S. intelligence agencies over the last two decades, James Rickards was once asked to simulate asymmetric economic attacks on the U.S. financial system. He is an expert at escalation scenarios and end games, and in a recent article at The Daily Reckoning he warns that the geopolitical situation on the Korean Peninsula will soon come to a head.
According to Rickards, author of The Road To Ruin: The Global Elites Secret Plan For The Next Financial Crisis, while the world concerns itself with stock bubbles, bitcoin and debt, the most imminent threat we face is military confrontation with North Korea.
And while the rogue state has been an ongoing threat for many years, the first half of 2018 will likely see the trigger that sets the whole powder keg off:
The most important financial or geopolitical issue in the world today is a coming war between the U.S. and North Korea, probably in the next twelve weeks.
How can I be so sure about the timing? The Director of the Central Intelligence Agency told me.
In a private conclave in Washington DC on October 20, 2017, CIA Director Mike Pompeo told a small think tank group (including me) that it would be imprudent to assume it would take North Korea more than ‘five months’ to have a reliable arsenal of nuclear-armed ICBM missiles. These could strike U.S. cities and kill millions of Americans.
Five months from October 20, 2017 is March 20, 2018. That’s an outside date but the war will likely begin before then.
That would create an element of surprise — and avoid the surprise of a faster than expected deployment of strategic weapons by North Korean leader Kim Jong Un.
Source: The Daily Reckoning via Survival and Prosperity
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Peter Schiff: Bitcoin Heading To $0, Many Bitcoin Investors Will Lose EVERYTHING
Peter Schiff: Bitcoin Heading To $0, Many Bitcoin Investors Will Lose EVERYTHING
Investor Peter Schiff is warning once again about Bitcoin’s massive speculative bubble. Schiff, who is well-known for predicting the 2008 financial crash, is saying it’s those who are buying in now will be the most vulnerable when Bitcoin hits $0.
“People who got it years ago, even people who got it at the beginning of the year have the opportunity to cash out and make a lot of money. But people who are buying it at these prices or higher prices are going to lose practically everything,” Schiff told RT International Channel. Bitcoin is speculative bubble set to burst at any time, and when it does, many will lose everything.
Schiff’s main concern with Bitcoin echoes that of many preppers, including Mike Adams, the Health Ranger. “These currencies are going to trade to zero or pretty close to it when the bubble pops,” predicts Schiff. “Right now, the only reason why people are buying bitcoin is because the price is going up. When it turns around, they are not going to sell it for the same reason. There is no value in bitcoin, you can’t use it as money,” Schiff points out. “It’s too slow, too expensive and too vulnerable.”
It also doesn’t physically exist in the way gold and silver do. According to Schiff, there is a problem with fiat currencies. However, there are 1,300 digital currencies with massive inflation. “Even bitcoin itself has spun off bitcoin cash, bitcoin gold. There is no limit to supply of bitcoin-branded worthless tokens that can be created,” he said. But as soon as the price begins a downward trend, Bitcoin will implode.
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WW3 Alert: US And China Preparing For ‘All Hell To Break Loose’ On Korean Peninsula
WW3 Alert: US And China Preparing For ‘All Hell To Break Loose’ On Korean Peninsula
The United States and China are preparing for a situation in which all hell breaks loose on the Korean Peninsula. Both nations are taking unprecedented steps as tensions toward a nuclear war ramp up even more.
The US has stepped up military drills, practiced air raids, and reportedly started preparing to seize North Korea’s nuclear weapons by force, a feat South Korea has declared won’t be all that easy. South Korean officials have been talking up a pause in military drills in hopes that it will lead to a peaceful Winter Olympics in February, but the US has yet to agree to halt said drills. Instead, the US brought in a record number of stealth aircraft this month to train up on an air war against North Korea. Immediately after the drill, which featured a marked increase in simulated bomb runs on North Korean targets, the US and South Korea reportedly engaged in drills to infiltrate North Korea and neutralize its weapons of mass destruction.
At a speech at the Atlantic Council last week, Secretary of State Rex Tillerson said the US was preparing plans to seize loose nuclear weapons, should North Korea somehow collapse or become unstable.
President Donald Trump’s national security adviser, H.R. McMaster, also flatly rejected the clearest path to peace by saying the US would never accept a nuclear-armed North Korea. He recommitted the US to using force if necessary.
“We’re not committed to a peaceful resolution — we’re committed to a resolution,” McMaster told the BBC. “We have to be prepared, if necessary, to compel the denuclearization of North Korea without the cooperation of that regime.” –Business Insider
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American Leaker Warns: The US Is ‘Close To Nuclear Armageddon’
American Leaker Warns: The US Is ‘Close To Nuclear Armageddon’
Daniel Ellsberg, the man who leaked the Pentagon papers which exposed the government’s lies during the Vietnam war is vocalizing a warning. He says the United States is really close to a nuclear Armageddon.
Ellsberg, now 86-years-old, leaked the Pentagon papers back in 1969 and he’s now got a new book out which serves a warning to those who care to listen. According to the Daily Mail, Ellsberg’s 7,000-page report was the WikiLeaks disclosure of its time, a sensational breach of government confidentiality that shook Richard Nixon’s presidency and prompted a Supreme Court fight that was supposed to advance press freedom.
In his new book, The Doomsday Machine: Confessions of a Nuclear War Planner, Ellsberg details how easy nuclear bombs can be triggered and shot off on a false alarm – and that the president isn’t the only who can launch the nukes, as we are often told. Low-level military commanders are capable of launching nuclear weapons too.
“All out-nuclear war — an irreversible, unprecedented and almost unimaginable calamity for civilization and most life on earth — has been, like the disasters of Chernobyl, Katrina, the Gulf oil spill, Fukushima Daiichi, and before these, World War I, a catastrophe waiting to happen, on a scale infinitely greater than any of these,” writes Ellsberg in his new book.
Adding to fears of a nuclear armageddon is North Korea’s insistence on building a nuclear weapon. This has created a mass panic in nations all around the globe. Not to mention, last month, President Donald Trump put North Korea back on a list of state sponsors of terrorism, a designation that allows the US to impose more sanctions and risks inflaming tension over North Korea’s nuclear weapons and missile programs.
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Market Red Flag: Stocks May Be About To Tank: “If There’s One Thing That You Need To Pay Attention To It’s This…”
Market Red Flag: Stocks May Be About To Tank: “If There’s One Thing That You Need To Pay Attention To It’s This…”
Stock and bond markets may be teetering on the edge of a widespread crash following a stellar year that has seen all-time highs across just about every major asset class. Earlier today Zero Hedge reported that Bloomberg market commentator Mark Cudmore says markets could be in for a violent downside break in the weeks ahead.
It’s a sentiment also shared by Traders Choice analyst Greg Mannarino, who up until this point has been generally bullish on short-term market movements. On Thursday, however, Mannarino reports that bond buying, which has been used to prop up stocks through massive cash injections in recent weeks and months, failed to keep stocks from falling.
This, says Mannarino, is a major red flag that could signal a reversal going forward:
If there’s one thing that you need to pay attention to it’s this… savage bond buying occurred today in an attempt to re-prop up the stock market and it didn’t work…
They’re trying to play a game here and it’s been working time and time again…
Without fail every single time… except for today… that has worked.
…
I am not sounding the alarm saying ‘this is it… this is the market crash.’ What I am saying is that you need to exercise caution right here… there’s a divergence going on and when you see divergences like this your eyes should open up… maybe it’s time to pull profits… maybe it’s time to hedge positions…
…
If we continue to see this action… the one thing we need to watch for is a simultaneous sell-off which will occur in the bond market and the stock market at the same time… when these things start to fall in tandem get out of the market…
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Bank Of England Warns The UK: ‘Economic Collapse’ If UK Keeps Borrowing Money
Bank Of England Warns The UK: ‘Economic Collapse’ If UK Keeps Borrowing Money
The Bank of England is putting the United Kingdom on alert. Should the UK keep borrowing money, there will be a “Venezuela-style” economic collapse that will devastate normal citizens.
A senior Bank official has warned that the UK’s economy would be unlikely to surviveborrowing any more cash. Richard Sharp, a member of the Bank’s Financial Stability Committee, claimed an extra £1trillion had already been borrowed since the 2008 financial crisis, and any more could see the economy collapse in the same quick manner that Venezuela’s did.
Richard Sharp, Bank of England Financial Stability Committee
The Times reported on the stark warning mere days after Philip Hammond announced a £25 billion spending spree in the budget. It’s likely to dissuade the Chancellor from loosening the purse strings too far though, since the Bank rarely comments on government finances. It could also come as a wake-up call for Labour (a communist party), which is advocating borrowing an extra £250 billion.
In a speech at University College London, Sharp warned that Jeremy Corbyn’s public spending policies would be foolish and dire for the economy. Like any rational person understands, communist policies only work for those elites in the government. “A highly indebted government has less capacity to react to crises: we cannot assume that further shocks do not materialize, and evidence demonstrates that fiscal space is a vital national resource to have available to counteract such a shock,” Sharp said. “Reducing fiscal space, therefore, means financial stability is harder to achieve.”
The Wall Street giant, in its look-ahead to 2018, warned the UK’s “domestic political situation is at least as significant as Brexit” given the “perceived risks of an incoming Labour administration that could potentially embark on a radical change of policy direction”.
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OUTBREAK ALERT: Indonesia To Mass Vaccinate In Order To Contain Diphtheria
OUTBREAK ALERT: Indonesia To Mass Vaccinate In Order To Contain Diphtheria
Indonesia is seeing an outbreak of diphtheria which is scaring civilians and government officials alike. The disease continues to spread as officials desperately work to contain the bacteria before it becomes a pandemic.
The bacteria that causes diphtheria ravages the human body. It causes a thick covering in the back of the throat and it has so far, infected hundreds in Indonesia. The disease is spreading quickly and not only to regions with limited health service but also to the country’s capital Jakarta, where health services are much better.
Between January and November 2017, the government has recorded 593 diphtheria cases, spread across 95 regencies in 20 provinces. The death toll has reached 32. The World Health Organization data on diphtheria shows that the number of cases in Indonesia has fluctuated since the 1980s. –Medical Xpress
Diphtheria is a life-threatening communicable disease that spreads through air containing Corynebacterium diphtheriae, which can lead to breathing difficulties, heart failure, paralysis, and even death if left untreated. The bacteria attacks the upper respiratory system, leading to symptoms such as high fever, sore throat, difficulties in swallowing, and shortness of breath. The bacteria can also spread through spits and coughs and contaminated objects. When they enter the body, they release toxins which spread through the blood and can cause damage to the body system, especially the heart and nervous system. These complications can lead to death.
Since diphtheria is caused by a bacteria, antibiotics are normally a simple and effective treatment if administered in time. But government officials are blaming the outbreak on an “anti-vaccination” movement growing in Indonesia, prompting the mass vaccination of children. Some eight million children and teenagers across the Southeast Asian nation will receive a vaccination in an attempt to prevent further spreading of the disease
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Flash Points Grow in Numbers & Increase Threats of Attack on U.S.
Flash Points Grow in Numbers & Increase Threats of Attack on U.S.
In a decision bound to have far-reaching effects, President Trump announced that the United States would be recognizing Jerusalem as the capital of Israel. Furthermore, he also stated his intentions of placing an American embassy in the city. The Iranian President Hassan Rouhani has already weighed in on this, and said that such a move by President Trump would not be tolerated.
It is difficult to address such an issue in a non-didactic manner that blends theological implications, but there is more at stake here than this being a theological debate, or simply a conflict between Christianity, Muslims, or Judaism, or an “end of days” issue.
Politics is statecraft and stagecraft, and this decision has infuriated the Iranians and will potentially provoke them into activity: the invasion of Iran has been desired for three administrations.
Obama intended to overthrow Assad in Syria for many reasons: to ingratiate himself to the House of Saud (as the Saudi Arabians hate Assad), to control Northwestern Syria and run a natural gas pipeline through it from Qatar to Europe, and to secure a foothold with which to invade Iran. The Russians have had other plans: Gazprom was the target regarding the Qatar natural gas pipeline, and the Russians reacted by bombing ISIS (an Obama creation) and securing Syria for Assad.
The Iranians have plans of moving their fleet into the Atlantic and eventually operating (sometime next year) near Cuba, and in South America in support of Venezuela and Bolivia (led by Maduro and Morales respectively). The Iranians have been working with North Korea for years on missile technology exchange. Iran has several projects that have commenced with Russia and China as partners regarding development of their nuclear power facilities.
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North Korea: US Threats Have Made Outbreak Of War ‘An Established Fact’
North Korea: US Threats Have Made Outbreak Of War ‘An Established Fact’
North Korea is warning the United States that their “threats” in the form of joint military drills with South Korea are making the outbreak of war “an established fact.” Kim Jong-Un’s regime is now saying that war is unavoidable.
China continues to urge calm between the two heated nations, as two American B-1B heavy bombers joined large-scale combat drills over South Korea on Thursday. These drills are being regarded by North Korea as acts of aggression. According to Reuters, a spokesman for the North’s foreign ministry blamed the drills and “confrontational warmongering” by U.S. officials for making war inevitable.
The flights by the B-1B, one of America’s largest strike aircraft, were supposed to be playing a leading role in Washington’s attempts to increase pressure on North Korea to abandon its weapons program. So far, the flights are having the opposite effect on Kim’s tyrannical regime. In September, B-1Bs were among a formation of U.S. military aircraft that flew further north up North Korea’s coast than at any time in the past 17 years, according to the U.S. Pacific Command. That prompted North Korea’s foreign minister, Ri Yong Ho, to warn that the North could shoot down the U.S. bombers even if they did not enter North Korean airspace.
“The remaining question now is: when will the war break out?” the spokesman said late on Wednesday in a statement carried by North Korea’s official KCNA news agency. “We do not wish for a war but shall not hide from it.”
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Warning: ‘They Need The Markets To Implode’ To Usher In Cashless System
Warning: ‘They Need The Markets To Implode’ To Usher In Cashless System
Market analyst Lynette Zang predicts in the next market meltdown, “real estate, stocks, and bonds will all crash.” When asked when this will happen, Zang says, “Enjoy your Christmas,” but in 2018, all bets are off.
Greg Hunter interviewed Lynette Zang, Chief Market Strategist at ITMtrading.com, and her assessment of the 2018 economy is dire. Zang predicts, “In 2018, I don’t think they can hold these things together. I think we will see a major market correction in 2018. When that happens, that will cause the derivative implosion. We have to feel a lot of pain. . . . I think we are going to go into hyperinflation, and I think we will start to see that in 2018 because I think we will see these markets implode. I think we will see QE4 (money printing) for sure. . . . We have QE right now propping it up, according to the Fed’s own documents.”
Zang says ever since the 2008 meltdown, the elite have just been buying time to set up a debt reset.
“I am 100% certain we are in the middle of a money standard shift. Ultimately, they need the markets to implode. . . . In 2008, the debt based system broke. It died, it was done. The central banks, globally, put it on life support, and they have to create a new system. In my opinion, they want us cashless, and they want everything in digital form. They want to dematerialize wealth at least for the masses. I am 100% certain that this Bitcoin craze, and all of this, is about getting people used to digital currencies. So, when they shift us from the debt based system to the digital system, we are more comfortable with it and more familiar with it.”
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Antarctic Volcano Warning: Ash Could ‘Encircle The Globe’ Causing Worldwide Health Problems
Antarctic Volcano Warning: Ash Could ‘Encircle The Globe’ Causing Worldwide Health Problems
Scientists are sounding the alarm about a volcano eruption in Antartica that could cause global health problems. The ash from this eruption could encircle the globe, affecting millions of people.
Deception Island, off the coast of the Antarctic Peninsula, is a hotbed of volcanic activity with at least 50 craters spread across the region. A recent study done in the area by scientists has found evidence that an eruption on the island could disrupt air traffic on continents in the Southern Hemisphere, including South America and Africa. It could also cause some major health concerns for the whole globe.
The findings of the research show that Antarctica’s volcanoes can have an effect across the world, says Charles Connor, a geoscientist at the University of South Florida in Tampa not involved in the research. “We have to reassess the potential hazards for global transportation networks posed by even these remote volcanoes.”
“Ash emitted during explosive volcanic eruptions may disperse over vast areas of the globe posing a threat to human health and infrastructures and causing significant disruption to air traffic,” scientists warned in their report. “Volcanic ash emitted from Antarctic volcanoes could potentially encircle the globe, leading to significant consequences for global aviation safety.”
The study revealed the “significant consequences to global aviation” after reviewing computer models of ash flows from different types of eruption during different seasons. The research is the first of its kind investigating the horrifying impact of ash from an Antarctic volcano on the rest of the word. “No attention has been paid to the potential socio-economic and environmental consequences of an ash-forming eruption occurring at high southern latitudes,” the study declared.
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