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Fed Fears Next Crash Fatal – John Rubino
Fed Fears Next Crash Fatal – John Rubino
Financial writer and book author John Rubino says he can see the end of the economic expansion fueled by massive debt creation. Rubino explains, “Every sector of the U.S. economy is so over indebted I don’t see how we go on much longer. The Fed is desperately trying to prolong this thing. We are running trillion dollar deficits now, and what that is for is to keep the system from falling apart. We are 11 years into an expansion, a record. This is the longest bull market in history, and this is the longest economic expansion in history. . . . These guys don’t know exactly what’s going to happen in the next recession, but they are afraid that the system is so highly leveraged that even a garden variety three quarters of a percent of negative growth and a garden variety of 20 % drop in stock prices might be fatal. The system might not be able to handle that because it would cause so much damage and there are so many different places that can blow up that the system would spin out of control. We would get 2008-2009 again but on steroids because the numbers are so much bigger this time around. So, they want to avoid that at all costs.”
Rubino points out, “Fear is the enemy in a fiat currency system. Everything is based on our assumption that the guys in charge know what they are doing and that the confidence in them is good. You take that away, and they let us see them sweat, and it’s over. There is no real bottom for the dollar, euro or the yen. Their intrinsic value is zero.
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Bankers Going for Broke Because They Know it’s Broke – G. Edward Griffin
Bankers Going for Broke Because They Know it’s Broke – G. Edward Griffin
Edward Griffin, author of the wildly popular book about the Federal Reserve “The Creature from Jekyll Island,” is holding a conference this weekend called “Red Pill Expo.” It is all about waking people up from the illusions they are being told. Griffin explains, “The illusions are in health, in politics and in education. The illusions are in the media, in money and in banking, which is my specialty. So, people are coming, some of whom are informed, but most respond to the slogan we are using for the “Red Pill Expo,” and the slogan is ‘Because you know something is wrong.’ That sort of spells it out for most people, not just in America, but for people all over the world. People everywhere are being fed propaganda, lies and false stimuli of all kinds, but deep in their hearts, deep in their instincts, they know something is wrong.”
What’s wrong in the financial world with the longest expansion in history and the Fed starting QE (money printing) again? Griffin says, “We are living in a system of the banks, by the banks and for the banks, and that is the reality. . . . They see that the wheels are coming off. . . . The system of inflation in which we live cannot go on forever. . . . All systems of exponential growth always collapse. They come to an end at some point, and it’s hard to tell exactly at what point, but you do know there is a breaking point where it just moves beyond reality. The banks know this better than anybody. So, I am assuming that they feel they are at the end. You can smell it. You can see it. You can touch it almost.
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MSM Co-conspirators with Deep State Treason – James Howard Kunstler
MSM Co-conspirators with Deep State Treason – James Howard Kunstler
Renowned author and journalist James Howard Kunstler thinks what has been happening for the last few years with the mainstream media’s coverage of President Trump borders on criminal activity. Kunstler explains, “What I am waiting for is if and when indictments come down from Mr. Barr and Mr. Durham. I am wondering whether the editors and publishers of the Washington Post and New York Times and the producers at CNN and MSNBC are going to be named as unindicted co-conspirators in this effort to gaslight the country and really stage a coup to remove the President and to nullify the 2016 election. I say this as someone who is not necessarily a Trump supporter. I didn’t vote for the guy. I am not a cheerleader for the guy, but basically, I think the behavior of his antagonists has been much worse and much more dangerous for the nation and the American project as a long term matter. I really need to see some action to hold people responsible for the acts they have committed. . . . I am not an attorney, and I have never worked for the Department of Justice, but it seems to me that by naming the publishers and editors of these companies as unindicted co-conspirators, that allows you to avoid the appearance of trying to shut down the press because you are not going to put them in jail, but you are going to put them in disrepute. That may prompt their boards of directors to fire a few people and maybe change the way they do business at these places.”
Kunstler says things look unlike anything we have seen in the past because we are approaching a day of reckoning in our debt based monetary system.
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Fed Panics & Starts Massive Money Printing – Michael Pento
Fed Panics & Starts Massive Money Printing – Michael Pento
Economist and money manager Michael Pento says the recent Federal Reserve about face in policy with cutting rates and new QE (money printing) means only one thing. Pento explains, “So, the Fed changed their mind, panicked, the Fed panicked. They not only stopped raising rates, they now cut rates twice, and they are going to cut rates again at the end of this month. They are also fully back in a massive QE. They have a $130 billion revolving repo facility shoving $130 billion every night, rolling it over, trying to re-liquefy the banking system and back into QE–$60 billion per month. At the peak, it was $85 billion. So, they are almost back to the peak of QE (during the Great Recession). They did not scale in, the Fed went to $60 billion right away.”
Why the sudden burst of money printing when we are being told the economy is fine? Pento says the Fed is panicking to stop a “depression.” That’s right, a depression. Pento contends, “I am on record saying given the extent of the asset bubbles that we have today . . . household debt is at a record high. Corporate debt is at a record high, up 60%. The national debt was $9 trillion prior to the Great Recession and is now $23 trillion. Total non-financial debt is now $53 trillion, and it was $33 trillion prior to the Great Recession. . . . Given all these imbalances and deformations, the Fed knows we are not going to have some mild recession. If they don’t re-liquefy the money markets, the same thing that happened back in 2008 would happen today, only the stock market was only a 100% of GDP and today it is 150% or one and a half times the economy.
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Civil War Cycle Heating up in America – Charles Nenner (#2)
Civil War Cycle Heating up in America – Charles Nenner (#2)
Renowned geopolitical and financial cycle expert Charles Nenner thinks the probability for war and civil unrest is coming around in an intense cycle not seen for decades. Nenner says, “Years ago when we talked about my war cycles, I said I am more worried about internal social war in the United States than outside wars. I think there is a bigger chance in the United States than in Europe. They say it’s Trump’s fault . . . . I say it’s the other way around. If the Democrats would just get things organized and people would not get that angry. . . . The media will always take the other side, so they will never solve it. I think it is the Democrats whose fault it is that all these killings are there and not the Republicans. . . . So, there is a cycle of social unrest in the United States, which is 60 years old. So, you go back to what happened in the 1960’s. It could explode, and I think it is going to explode, and there is going to be a major problem. . . . I don’t know how bad it is going to be, but based on cycles, it has to be worse than the 1960’s. Each cycle always is worse. . . . WWII was worse than WWI, so every cycle becomes worse than the first cycle. . . . I don’t feel comfortable living in the United States anymore because people are so aggressive on everything. I went to the airport and I asked where the men’s room was, and they almost killed me. They said there was no men’s room. It’s called a ‘people room.’ I said I was sorry, you don’t have to be so aggressive.”
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Cheap Money Not Going to Work Anymore – Charles Nenner (#1)
Cheap Money Not Going to Work Anymore – Charles Nenner (#1)
Renowned geopolitical and financial cycle expert Charles Nenner says forget what the mainstream financial channels are saying about more Fed easy money policies pushing the markets higher. Nenner explains, “The clever institutions I work with were selling all the time when the S&P was around 3,000, and the small investor and public were buying, buying and buying. The clever money was so happy then . . . . The small investor buys and all the time they (clever money) get a chance to sell, sell and sell until they are finished selling. Then, suddenly something happens. Then the small investor who holds the cash and he’s in a crisis, and here we go down. I always stress to the small investor, understand how this game works. Day before yesterday, the Dow was down 1,000 (inter-day). I heard one person say maybe you should sell. It’s always buy, buy, buy. They don’t do anybody any favors because there are so many losses. I never hear CNBC say sell, sell, sell. So, it’s a crooked game.”
What does he say to people waiting for the Fed to drive markets back up with easy money? Nenner says, “We are finished with the cheap money. It’s not going to work anymore. That’s what the big investors understand. Even if we have 0% rates, it’s not going to keep this economy going. They cannot keep it going anymore.”
Last time Nenner was on USAWatchdog.com, he said “gold was going up” and “interest rates were going to continue to fall.” He was correct and says those two trends are going to continue. Nenner says, “We are in a new bull market in gold, and the price is headed to at least $2,500 per ounce. . . .
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Inflation Chickens Will Come Home to Roost – Peter Schiff
Inflation Chickens Will Come Home to Roost – Peter Schiff
Money manager Peter Schiff says all the money printing and debt explosion since the Great Recession comes with a huge downside. Schiff says, “All sorts of bad policies basically took place thanks to the monetary excesses applied by the world central banks, but now we are at a point where all these inflation chickens are going to come home to roost. It will not be in stock prices or real estate prices or bond prices, but in good old fashion consumer prices. Food, energy and all the things that we need to live are going to get a lot more expensive.”
Schiff says the Fed is overlooking some big problems coming. Schiff says, “They (Fed) did not stress an environment where we have more inflation or where we have stagflation, where we not only have a rise in unemployment and a recession, but consumer prices and long term interest rates that go up at the same time. They (Fed) are not even thinking that’s possible, but that’s actually probable. The real problem is when real inflation rears its head, there is nothing the central bankers can do about it. If they try to fight the inflation by tightening up on monetary policy, it’s like slamming on the brakes. They are going to have to jack interest rates very high, and everything is going to start imploding. The whole credit bubble is going to collapse. We are going to see stock markets tumble. Bonds are going to go into default. There will be bankruptcies, layoffs, bank failures and the governments will have to start defaulting on their obligations and payments on social programs, or even interest on principal.
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If Deutsche Bank Breaks $6.40 World in Trouble – Charles Nenner
If Deutsche Bank Breaks $6.40 World in Trouble – Charles Nenner
Renowned geopolitical and financial cycle expert Charles Nenner says if there was ever a global canary in the coal mine warning for the financial system, it is Germany’s Deutsche Bank (DB). Late last year, Nenner predicted if DB stock went below $8 a share, “You should be worried.” Recently, DB stock hit all-time lows and now sits around the $7.50 per share level.
Nenner warns, “I see it can hold up to late July, and then it can go to $6.50 (per share). If it breaks below $6.40, it can go out of business. So, it’s a very serious situation. . . . I think all the markets can have a bounce in a couple of days to the end of July. That’s why DB might hold up, but if it gets below $6.40, the world is in trouble.”
This is not a hyped prediction considering the IMF called DB the “most systemically dangerous bank” in the world in 2016. If DB does break $6.40, do we get a daisy chain of default around the world? Nenner says, “It is a very dangerous situation. I don’t think DB is the only one. They just got caught. I think if you look at the balance sheets very closely of other banks, especially Europe and Italian banks, you will see a lot of troubling signs also. I don’t think it’s only Deutsche Bank. It’s much more. . . . If it breaks $6.40, the downside price target is zero. If everybody watches my analysis and it does go below $6.40, everybody is going to run for the exits.”
If DB goes under with its massive book of derivatives, other banks would be in the same trouble as DB. Nenner says, “Yes, if they have to close their derivatives, who knows which bank is going to lose how much? It’s going to be a big problem.”
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Artificial & Fragile Market Very Dangerous – Michael Pento
Artificial & Fragile Market Very Dangerous – Michael Pento
By Greg Hunter’s USAWatchdog.com
Money manager Michael Pento says don’t confuse a near record high stock market with strength and resiliency. What we have is just the opposite, as Pento explains, “There are some people who will listen to this and say, ‘Hey Mr. Pento, why are you such a Cassandra? Why are you so down? Don’t you know that the stock market is doing great? Don’t you know that I have a job?’ But here’s the thing, the entire edifice, the entire construct is artificial. It is controlled by governments and central banks. Hence, it is much more fragile, infinitely more fragile than if it was dictated by the free market. . . . This has to end badly because the distortions have to be reconciled. It was once okay to have recessions and corrections in the stock market when the stock market was not the economy, but asset prices have become the economy. Therefore, they lead the economy and they don’t follow the economy. Yes, this is going to end badly I am sorry to say.”
What will knock this market back to reality? Pento says, “You will eventually get a recession or eventually you will get inflation. You might just get both. You might just get a huge case of stagflation to hit this country and around the world. That’s what I am most afraid of.”
In closing, Pento warns, “Japan has no growth. There is no growth in Germany. There is no growth in Italy. We have an earnings recession here in the United States. So, what you have engendered here is most likely a protracted period of stagflation, which is going to lead to an epic and massive crash in asset prices. That’s what you have at your feet, so be careful.”
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Fed Can’t Get Out – Buy Gold Now – Jim Rickards
Fed Can’t Get Out – Buy Gold Now – Jim Rickards
Four time best-selling author Jim Rickards says the Fed “throwing in the towel” on rate hikes is signaling a big problem for the economy. Rickards says, “The Fed was tightening to get ready for the next recession. . . . You need to cut interest rates somewhere between 4% and 5% to get out of a recession. How do you cut interest rates 4% if you are only at 2.25%? The answer is you can’t. You have to get to 4% before you can cut 4%, and that’s what the Fed was trying to do. . . . How do you raise rates in weakness to get ready for the next recession without causing the next recession that you are preparing to cure? That was the conundrum. I never thought they would get it right . . . and, as of now, it looks like they didn’t get it right. Meaning, they tightened so much to get ready for the next recession they slowed the economy.”
Rickards says, “Bernanke painted them into a corner, and they can’t get out. There is no escape from the room. By the way, one of the reasons gold is preforming so well, the Fed has proved that they can’t get out of this. They got into it, but they can’t get out of it because every time they try, they sink the stock market. They sink the housing market. They raise the specter of recession. They slow economic growth. They don’t want that. So, they sort of pause and maybe tiptoe back into it, but they really can’t get out of it.”
On gold, Rickards says, “People always say there is not enough gold to support commerce and trade and the money supply. I always remind them that is nonsense.
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Intractable Inflation Very Dangerous New Paradigm – Michael Pento
Intractable Inflation Very Dangerous New Paradigm – Michael Pento
Money manager Michael Pento says get ready for big inflation. Pento explains, “When the emergency ended (from the 2008-2009 financial meltdown), they were going to reverse course, sell those assets back to the public and take those dollars out of the economy. . . . A funny thing happened on the way to doing that, the global economy imploded. So, here’s the point . . . the central banks have admitted, tacitly at least, they can never take away those assets. They can never drain their balance sheet, meaning they have permanently monetized this debt. Interest rates can never be allowed to rise above 0% in nominal terms and, in real terms, will grow more and more profoundly negative. That should shock investors. That is a moment of enlightenment, a watershed moment, an epiphany throughout the world. Hello investors, central banks are putting you on notice that nominal interest rates are going to be at 0% or below, and real interest rates will grow more and more negative throughout time. . . . If China cannot re-leverage its economy for explosive growth, and central banks are extremely fettered with their ability and means for which to stimulate economic growth immediately, I would be cautious about buying this rally, which I am. I think we are going to have one more sharp downturn in the equity market . . . and then, here’s the sad truth, you have to go massively long inflation hedges.”
This brings up top gold and silver for protection against the coming money printing and inflation. Pento explains, “These currencies will collapse against precious metals as they did in Rome. Prices will go a lot higher as they did in Rome. . . . When people lose faith in a currency’s purchasing power . . . this is why gold has had spectacular three month rally, and I expect it to continue after a little consolidation here. . . .
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We’re Flash Crashing to Hell – Jim Sinclair & Bill Holter
We’re Flash Crashing to Hell – Jim Sinclair & Bill Holter
Financial writer Bill Holter and renowned gold and financial expert Jim Sinclair warned last summer there were big problems coming in the global financial system. Today, Sinclair says, “We destroyed everything. We not only destroyed the financial markets, we destroyed society. I’m going for June of this year. The reset button gets reset after a few days of a flash crash that can’t be stopped. We’re flash crashing to hell, piece by piece by piece, until all of a sudden, the motion of the entity cannot be stopped.”
Holter says, “I think President Trump is going to preside over a bankruptcy. He’s gone through bankruptcies with his own companies and understands the process. That’s what this is. It’s the bankruptcy of the corporation of the United States.”
Sinclair adds, “Much of Trump’s business career is in bankruptcy, and he has used it as an asset quite successfully.”
Holter also points out, “Paul Volker, when he was Chairman of the Fed, was able to raise rates and able to tighten the money supply. He was able to create a deep recession. The reason he was able to do that was the country, corporations, individuals and the federal government itself was not over-leveraged in 1980 to the extent it is today. The over-leverage is everywhere today. If Paul Volker came in today and tried to do what he did back in 1979 and 1980, all you would see for markets and the economy is one big black smoking hole. You would have the entire system come down.”
Sinclair warns, “If Bill and I were standing on a street corner as preachers, our sign would read not ‘the end is near.’ Our sign would read, ‘it ended.’”
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Global Collapse Accelerating Buy Gold Now – Chris Martenson
Global Collapse Accelerating Buy Gold Now – Chris Martenson
By Greg Hunter’s USAWatchdog.com
Futurist and economic researcher Chris Martenson says a collapse is “a process, not an event.” Martenson contends the long awaited global collapse, on many fronts, has not only started, but is picking up speed. Martenson says, “Our prediction at PeakProsperity.com is these collapse trends, we have been following for 10 years now, are accelerating and continuing. None of them are reversing at this point in time. These will impact people’s future in a huge way. Environmentally, we see these signs, but we also have $245 trillion of debt in the global economy. We have been accelerating that debt cycle as if we could just keep that trend going forever—we can’t. So, what we see are all these unsustainable trends converging. They are going to happen . . . and people need to be ready.”
Martenson lays out the case to blame central banks for much of the geopolitical and economic friction in the world today. Martenson says, “The economic pie is not expanding anymore. It’s kind of stagnant. So, if you have one tiny group taking their fair share and the pie isn’t growing, it means they are taking from somebody else. This is the essence of central banking. They don’t create wealth, they redistribute wealth. When the Federal Reserve crams rates to zero, the savers lose out, but lose to who? The winners and losers are being picked by the central banks, and they have decided that the .01% should be the winners in this story and everybody else should be the losers. . . . Central bank policies have really benefited the elites at the expense of everybody else. This brings up the most important point and that is central banks are not our friends. They are redistributive organizations.”
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