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Beware of what may be coming next. We already know the establishment has a plan to blame President Trump for the next financial crisis, and now there are moves being made that will support that narrative.

After the 2008 fiasco, a spotlight on Wall Street misbehavior and some weak, but better-than-nothing regulations were put on the industry in the hopes of preventing another string of bank failures and crippling economic disasters.

But as the system teeters on edge and prepares to endure the backlash of increased rates at the Fed, Trump is also taking off the shackles that have been put in place by the Dodd-Frank Act which instituted certain protections for consumers, including a requirement that pensioners don’t have their nest egg devoured, etc.

For the tens of millions of baby boomer retirees and aging pensioners, the social security net is all they’ve got to count on, apart from a few debt-saddled kids who have hardly been able to save a dime under eight years of Obama.

The 2008 economic crisis penalized everyone with an entire cycle of wage freezes, job starvation and crushing dependence upon government programs for assistance. Wall Street, and the banker class at large were spared from blame or reparations to a society that was robbed blind. Instead, eight years of quantitative easing sent a tidal wave of easy money to the financial sector that created a gorge of asset buy-up from the top – especially in housing, where soaring rates are forcing single households to become renters instead of mortgage debt-slave owners once again.

The election of President Trump created optimism about our collective financial prospects – with seemingly tangible promises of bringing home jobs and returning to American Greatness™.

…click on the above link to read the rest of the article…

Thermodynamic Oil Collapse Interview: Why The Global Economy Will Disintegrate Rapidly

October 23, 2016

Thermodynamic Oil Collapse Interview: Why The Global Economy Will Disintegrate Rapidly

The world is heading towards a rapid disintegration of its economic and financial system due to a “Thermodynamic oil collapse.” I spoke with Dr. Louis Arnoux of nGeni, about the details of the thermodynamics of oil depletion and its impact on the global economy.

Unfortunately, the world is completely in the dark about this energy information and its dire implications to global economic trade and finance, in a relatively short period of time. I would like to emphasize that this Thermodynamic Oil Collapse Video is the most important interview I have ever done.

During the interview, Louis Arnoux discusses the dynamics of the “Thermodynamic oil decline” using six slides, including one on his nGeni technology towards the end of the interview. The information in this interview is so important, Louis needed to take the extra time to explain these concepts in detail.

In the beginning of the interview, Louis describes the significance of the first chart showing how the world’s fuel gauge is now “Running On Empty.”

Dr. Louis Arnoux presents his views concerning the depletion of oil reserves, that is, how to best assess depletion, what stage the depletion is at and what this means in financial and economic terms. This is based on his own research and on that of Bedford Hill and his Hill’s Group team that he has scrutinised in depth. Dr Arnoux is now part of a team of researchers who have recently refined the Hill’s Group work.

They are presently preparing a paper to be published in a peer reviewed scientific journal that will present their thermodynamic analysis of the oil industry, the Hill’s Group Etp model, how this model enables assessing the depletion status of the global oil reserves, and the high fit of their analysis with empirical data.

…click on the above link to read the rest of the article…

Wolf Richter: The Economy Is Cracking Under Too Much Debt

October 16, 2016

Wolf Richter: The Economy Is Cracking Under Too Much Debt

Housing, restaurants & retail are suffering

Wolf Richter joins the podcast this week to discuss the deterioration of the global macro situation, and how he is seeing growing signs of recession breaking out across the economy:

I think that was one of the biggest mistakes the central banks made during the financial crisis: They stopped the debt from blowing up. So we never had a cleansing.

In a recession, normally companies de-leverage. They go through bankruptcy, they shed their debts, and you have this big wave of debt restructuring. This is painful for bondholders and banks, but it clears out the crap that is clogging up the pipeline. And so these companies reemerge or get bought out and the debt just disappears. The same with consumers: they unload their debts through various methods, and so when the recovery starts, you are not suffocating under this huge load of debt.

That has not happened in the United States, particularly, but in other countries, too. That debt never got fully blown out. And then the recovery started with 0% interest rates and monetary stimulus, which only encouraged companies and individuals and governments to take on even more debt. So now we’re burdened with such an enormous amount of debt that I think it is very hard to even breathe for the economy. A lot of people out there are worried about this, which is why you hear now voices saying we need a serious reflation. They need to come up with a lot of inflation to wipe out that debt. And of course, that will be a fiasco for our economy because if you have any uptick inflation without an equivalent uptick in wages — which we have not been getting — then you will destroy the consumer. And so this is not a great solution either.

…click on the above link to read the rest of the article…

The Coming Collapse of the World’s Biggest Economy

October 8, 2016

The Coming Collapse of the World’s Biggest Economy

The stage is set for the collapse of the world’s largest economy—the European Union. The trigger: Italy’s exit from the euro currency.

The Financial Times recently put it this way:

An Italian exit from the single currency would trigger the total collapse of the eurozone within a very short period. It would probably lead to the most violent economic shock in history, dwarfing the Lehman Brothers bankruptcy in 2008 and the 1929 Wall Street crash.

If the FT is even partially right, it means we’re looking at a possible stock market crash of historic proportions. It could devastate anyone with a brokerage account. But it could also present enormous opportunities to profit.

Here’s how it could happen…

What started out as a joke has become Italy’s most popular political party.

In 2007, Beppe Grillo, an Italian actor and comedian, launched Vaffanculo Day (“vaffanculo” is Italian for “f*** off”).

Grillo and his followers used V-Day to bluntly express their displeasure over Italian establishment politicians using imagery from the movie V for Vendetta.

V-Day helped organize Italians frustrated by their political system. It gave birth to the Five Star Movement, Italy’s new populist political party.

Grillo’s Five Star Movement—or M5S, as it’s known by its Italian acronym—is anti-globalist, anti-euro, and anti-establishment. It doesn’t neatly fall into the left/right political paradigm.

According to the latest polls, M5S is now the most popular party in Italy. It won mayoral elections in Rome and Turin earlier this year.

M5S is riding a wave of populist anger at entrenched political elites over economic stagnation. Italy has had virtually no productive growth since it joined the eurozone in 1999.

…click on the above link to read the rest of the article…

Sizing Up the Bubble

October 4, 2016

Sizing Up the Bubble

“In the ruin of all collapsed booms is to be found the work of men who bought property at prices they knew perfectly well were fictitious, but who were willing to pay such prices simply because they knew that some still greater fool could be depended on to take the property off their hands and leave them with a profit.”

Chicago Tribune, April 1890

Presently, the broad NYSE Composite Index is at a lower level than it set more than 2 years ago, in July 2014. Including dividends, the index has gained hardly 2%. Several indices dominated by large capitalization or speculative growth stocks, particularly the S&P 500, have performed better, but even here, the index is only a few percent above its December 2014 high. Over the past two years, the behavior of the stock market can be described less as an ongoing bull market than as the extended topping phase of what is now the third financial bubble since 2000.

The chart below shows the current setup in the context of monthly bars since 1995. After the third longest bull market advance on record, fresh deterioration in key trend-following components within our measures of market internals (see Support Drops Away) recently joined this extended, overvalued, overbought, overbullish peak, even as the S&P 500 hovers at the top of its monthly Bollinger bands (two standard deviations above the 20-period average) and cyclical momentum rolls over from a 9-year high. Taken together with other data, we continue to classify present conditions within the most hostile expected market return/risk profile we identify.

The great victory of the Federal Reserve in the half-cycle since 2009 was not ending the global financial crisis; the crisis actually ended in March 2009 with the stroke of a pen that changed accounting rule FAS157 and eliminated mark-to-market accounting for banks (instantly removing the specter of widespread insolvencies by allowing “significant judgment” in valuing distressed assets).

…click on the above link to read the rest of the article…

Hyperinflation Defined, Explained, and Proven: Part II – Jeff Nielson

August 16, 2016

Hyperinflation Defined, Explained, and Proven: Part II – Jeff Nielson

Part I began the somewhat ambitious mission described in the title: providing readers with the true definition of the term “hyperinflation”, in both economic and mathematical terms. This was done through first defining the term “inflation” itself. It was then explained how the dynamics of inflation/hyperinflation operate, through the use of a simple allegory. Finally, readers were provided with a real-life illustration: the hyperinflation of the U.S. money supply .

Part II continues this mission by explaining why the current economic context makes a full-blown, monetary episode of hyperinflation inevitable, meaning the collapse (to zero) in the exchange rate of our fiat currencies – at least those of the Corrupt West. The starting point here is obvious: “competitive devaluation” .

Competitive devaluation is the official (and permanent) monetary policy of all the regimes of the Corrupt West. Let me restate this, so that the true insanity and criminality of this policy is explicit. All of our governments are racing to see which can drive down the value of its currency the fastest, i.e. which can “create inflation” the fastest – since lowering the exchange rate and creating inflation are two sides of the same coin.

Regular readers already know what inflation really represents: central bankers stealing our wealth through (deliberately) diluting the value of our currencies. We already have the written confession from the Dean of these inflation-thieves.

In the absence of the gold standard, there is no way to protect savings from confiscation [i.e. theft]through inflation.

– Alan Greenspan, 1966

Our governments are racing to see which can steal our wealth the fastest, through the monetary crimes of the central banks which rule above them . When will it end? When will our governments stopthis race to steal our wealth?

…click on the above link to read the rest of the article…

Why You Need to Become More Self-Reliant NOW, No Matter Where You Live

May 16, 2016

Why You Need to Become More Self-Reliant NOW, No Matter Where You Live

Recently, I spoke with Rory from The Daily Coin about the potential for economic collapse and why we need to pay attention to what’s going on in Venezuela. We discussed how to prepare for it, why everyone needs to work on becoming more self-reliant, and some actionable steps that you can take.

The situation in the US right now is very comparable to the early stages of the Venezuelan collapse. It’s essential to watch Venezuela and treat it as a cautionary tale, because the same signs are right in front of us. How would you handle rationed food, rationed electricity, and mandatory cuts of work hours? What would you do if food was no longer available at the grocery store?

Even city dwellers in Venezuela have been told they need to grow their own food if they want to eat. If food is rationed, you can bet that the supplies will be meager. You’re going to want to supplement that if your family is to remain healthy.

Self-Reliant Resources:

The Daily Coin

Preppers Market

The Pantry Primer: How to Build a Whole Food Pantry on a Half Price Budget

The Prepper’s Blueprint

The Prepper’s Water Survival Guide

The Backyard Homestead

Backyard Farming on an Acre

The Urban Homestead

Hydroponic Gardening for Beginners

Venezuela Shows Us What an Electricity Shortage Looks Like

Venezuela Is Out of Food: Here’s What an Economic Collapse Really Looks Like

Financial Analyst Warns: “What We’re Looking At Is An Event You’re Not Going To Be Able To Recover From”

May 8, 2016

Financial Analyst Warns: “What We’re Looking At Is An Event You’re Not Going To Be Able To Recover From”

“Things are breaking down, something big is happening,” according to leading alternative news web site SGT Report.

Citing the recent emergency meeting between the Federal Reserve and President Obama, America’s explicit warning to other countries not to devalue their currencies against the dollar, and scores of other global indicators, SGT Report’s latest interview with Bill Holter may be your last chance to get ready for the next wave.

What we’re looking at is an event that you’re not going to be able to recover from… If this market snaps and the markets close and you’re not in position, you’re out for the rest of your life.

(Watch At Youtube)

That an economic catastrophe is imminent should be at the very forefront of mainstream news. But instead of heeding the warnings, the propaganda has gone so deep that even President Obama says that those who say there is something wrong are peddling fiction.

But the reality is that even they know what’s coming.

The following exchange between SGT and guest Bill Holter is all you really need to know:

SGT Report: This is a big one. This is General Mark Milley. He’s the U.S. Army Chief of Staff and he was giving the keynote address to the ROTC Centennial Symposium on April 22nd, 2016.

[plays clip]

“You’re going to be leading the soldiers, sailors, airmen and marines in that world. You’ll be dealing with terrorists, you’ll be dealing with hybrid armies, you’ll be dealing with little green men, you’ll be dealing with tribes, you’ll be dealing with national leaders and local leaders.”

I want your impression of what he just said… This is General Mark Milley, the U.S. Army Chief of Staff!

Hybrid armies? And tribes? And terrorism?

…click on the above link to read the rest of the article…

$3 Trillion Black Hole Could Destroy Economy: “True Extent of Pension Problem Has Been Obscured”

April 12, 2016

$3 Trillion Black Hole Could Destroy Economy: “True Extent of Pension Problem Has Been Obscured”

Yet another reason why taxes are going up, cities and states are going broke, and the world is approaching financial implosion…

As if the world needed another dangerous and volatile factor in the mix of looming economic downturn.

Unfunded liabilities for pensions have been a problem for a while now, but as investors continue to face fleeting returns, many states and cities are facing the music… and when it stops, there won’t be enough money to go around.

Someone will lose their savings, their standard of living, their retirement and maybe their future. Others will be taxed to death to clean up the mess of the many places were the system is cracked, fissured and falling apart.

According to FT:

The US public pension system has developed a $3.4tn funding hole that will pile pressure on cities and states to cut spending or raise taxes to avoid Detroit-style bankruptcies.

[…] the collective funding shortfall of US public pension funds is three times larger than official figures showed, and is getting bigger.

Devin Nunes, a US Republican congressman, said: “It has been clear for years that many cities and states are critically underfunding their pension programmes and hiding the fiscal holes with accounting tricks.”

Mr Nunes… added: “When these pension funds go insolvent, they will create problems so disastrous that the fund officials assume the federal government will have to bail them out.”

Large pension shortfalls have already played a role in driving several US cities, including Detroit in Michigan and San Bernardino in California, to file for bankruptcy. The fear is other cities will soon become insolvent due to the size of their pension deficits.

The inevitable result is, of course, tax increases and spending cuts – potentially on important and vital services.

…click on the above link to read the rest of the article…

Could an Economic Collapse be in Our Near Future?

April 4, 2016

Could an Economic Collapse be in Our Near Future?

Climate scientists and others have in the past few years issued a steady stream of analyses showing that without immediate remedial actions, a disastrous future is headed our way. But is it a four-decade-old study that will prove prescient?

That study, issued in the 1972 book The Limits to Growth, forecast that industrial output would decline early in the 21st century, followed quickly by a rise in death rates due to reduced provision of services and food that would lead to a dramatic decline in world population. To be specific, per capita industrial output was forecast to decline “precipitously” starting in about 2015.

Well, here we are. Despite years of stagnation following the worst economic crash since the Great Depression, things have not gotten that bad. At least not yet. Although the original authors of The Limits to Growth, led by Donella Meadows, caution against tying their predictions too tightly to a specific year, the actual trends of the past four decades are not far off from the what was predicted by the study’s models. A recent paper examining the original 1972 study goes so far as to say that the study’s predictions are well on course to being borne out.

That research paper, prepared by a University of Melbourne scientist, Graham Turner, is unambiguously titled “Is Global Collapse Imminent?” As you might guess from the title, Dr. Turner is not terribly optimistic.

He is merely the latest researcher to sound alarm bells. Just last month, a revised paper by 19 climate scientists led by James Hansen demonstrates that continued greenhouse-gas emissions will lead to a sea-level rise of several meters in as few as 50 years, increasingly powerful storms and rapid cooling in Europe.

…click on the above link to read the rest of the article…

Secret Monetary Group Warns a Catastrophe Is Coming

March 10, 2016

Secret Monetary Group Warns a Catastrophe Is Coming

This is just the tip of the iceberg.

The Bank for International Settlements is nothing if not obscure. As the central bankers’ bank, it seems little-more than a back-door, private club for monetary elites to rub shoulders. And it’s located in Switzerland which has always carried a reputation for financial secrecy.

Then it has this going for it – John Keynes of “Keynesian economic theory” opposed its dissolution back in the 1940s. His was the kind of thinking that has largely influenced central banks to hijack our economies with manipulative monetary policies! So you’d probably think I hate these guys.

But you’ve got to give credit where credit is due. The Bank for International Settlements is one of the few financial institutions that warned of dangers to the global financial system as early as 2003.

So by time the financial crisis struck, they’d been warning about it for years. Its former chief economist, William White, even dared to challenge former Fed Chair Alan Greenspan about cheap money policies that helped start the crisis!

Once again, this group is on the right side of history.

It just warned about a “gathering storm” in the global economy as central banks seem to be running out of options. They’ve seen right through this “recovery” and warned that unprecedented debt levels would put the world economy in worse shape than before the 2008 crash.

Because like with any addiction, there is a point where increased stimulus just doesn’t work anymore.

Just this week, China reported a 25.4% year-over-year decline in exports, despite continued strong economic stimulus from the government. Now, they simply pledge more stimulus like every central bank in the world.

Then there’s Japan, whose economy remains in a coma after the most aggressive QE of all developed nations. Four of the last seven quarters have been negative, including the fourth quarter of 2015.

…click on the above link to read the rest of the article…

My Wealthy Country Became A Dystopia Overnight: 6 Realities

March 7, 2016

My Wealthy Country Became A Dystopia Overnight: 6 Realities

But as we like to point out in these articles, there’s always an apocalypse somewhere. We’re talking about countries in which life was fairly normal a few years ago, until the day when everything fell apart. Today’s example: Venezuela. Once on the road to becoming an economic powerhouse, Venezuela is now one of the poorest and most dangerous countries on Earth. We sat down with one citizen to learn what happens when your country’s economy and government just … stop working.

6: Any Economy Can Suddenly Collapse

Above and below are pictures of our source’s local grocery store in the middle of an average day:

AnonymousNothing but Doritos. Worse than nothing at all, really.

Those weren’t taken on the eve of some big national drinking party. Food simply … doesn’t show up anymore. On the rare occasions the stores have stock, people queue up in block-spanning lines that would make Weimar-era Germans wince. All to get their hands on flour, soap, or the almost-mythical Coca-Cola.

AnonymousThey debate sightings like it’s some sugary Bigfoot.

Our source took that picture illegally, by the way. Photos of bread lines, he says, “‘promote discomfort and give a bad name to the country.’ I faced the risk of receiving a ticket or having my camera taken.”

AnonymousThat’s what zoom lenses are for.

…click on the above link to read the rest of the article…

How Do You Recover From An Economic Collapse?

March 7, 2016

How Do You Recover From An Economic Collapse?

The road to recovery from any type of societal collapse is largely dependent on the mechanism that caused the collapse. For this reason we need to determine what the likely cause of the collapse will be and have the appropriate equipment to fix the malfunction after it happens. This requires society to take a realistic look at the situation as it is and not how we want it to be.

Most people do not even realize that we are heading for an economic collapse of epic proportions so talking about recovery may seem like we are getting too far ahead of ourselves. What you need to understand is that what we do now, before the collapse will determine how well we are able to recover from it and how fast. When you leave on a trip you pack the appropriate clothing and make sure the car is running well and you have emergency equipment like a spare tire with you just in case. When the economy collapses if we do not have the proper emergency equipment on hand to fix the problems, we will find ourselves stranded and unable to move anywhere.

From a societal standpoint, being unable to move means we will not be able to resolve any of our problems quickly and will out of necessity begin to prey on one another to fulfill our needs. This is what will cause loss of life on a monumental scale as the crisis is drawn out over time. Having the proper emergency equipment and a plan to use it will greatly reduce the suffering that is endured by society. This does not mean there will be no pain, only that we can keep it manageable.

…click on the above link to read the rest of the article…

These 7 Things Are Better Than Paper Money In the Bank When the Economy Collapses

March 6, 2016

These 7 Things Are Better Than Paper Money In the Bank When the Economy Collapses

So you’ve done the hard work of getting your finances in order and now you’re looking to invest your hard-earned surplus into things that will protect or grow it.

Keeping your savings as fiat currency in the the banks may not be the safest way to store your wealth. Banks are beginning to give concrete evidence of actually penalizing you for keeping your money with them … and that’s if they don’t outright confiscate it via bank bail-in.

It would be prudent to look at investments that offer the dual purpose of getting around the banking system, while also offering ways to stockpile the tangible items that should fare much better in any economic collapse situation.

Here are seven investments that will hold value far better than cash if the current trends continue.

Food

We are beginning to see in real-real time what a collapse in the food supply could mean. One look at Venezuela should prove that even though most people believe “it could never happen here” or even that they have enough money to get what they need no matter what, this is not the case. Even the supposedly wealthy in Venezuela are waiting in long lines with everyone else.

While things are still relatively stable, it makes sense to build a food stockpile slowly but surely. You can pick up a few key food items each week at the supermarket to build up your food bank without having to spend thousands in bulk food acquisitions. It’s best to keep your storable food bank list simple and concentrate on common foods that you already consume regularly. We wrote an article geared toward foods that have long shelf lives but are also practical for most diets, so please read “10 Best Survival Foods At Your Local Supermarket.”

…click on the above link to read the rest of the article…

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