Economic Collapse: Everything Is Awesome Right Before The Entire Economy Collapses (Video)
This blog is LOADED with the latest news as it relates to the coming economic collapse. The NWO must have this collapse to help solidify the One World Socialist Republic
Sweden is the latest country to report a housing bubble, this is something we saw prior to 2008. Signs of a recession are all around us, all you need to do is look and you will see it. CPI surges to the most since 2008. Mortgage apps are down. Industrial production is down. Baltic Dry Index levels out and starts to decline again. FED does not increase rates, but everything is awesome, job market, retail economy great, the global economy is the problem. Peter Schiff warns of major layoffs coming soon.
Everything Is Awesome Right Before The Entire Economy Collapses
The Collapse Of Italy’s Banks Threatens To Plunge The European Financial System Into Chaos
The Italian banking system is a “leaning tower” that truly could completely collapse at literally any moment. And as Italy’s banks begin to go down like dominoes, it is going to set off financial panic all over Europe unlike anything we have ever seen before. I wrote about the troubles in Italy back in January, but since that time the crisis has escalated. At this point, Italian banking stocks have declined a whopping 28 percent since the beginning of 2016, and when you look at some of the biggest Italian banks the numbers become even more frightening. On Monday, shares of Monte dei Paschi were down 4.7 percent, and they have now plummeted 56 percent since the start of the year. Shares of Carige were down 8 percent, and they have now plunged a total of 58 percent since the start of the year. This is what a financial crisis looks like, and just like we are seeing in South America, the problems in Italy appear to be significantly accelerating. So what makes Italy so important? Well, we all saw how difficult it was for the rest of Europe to come up with a plan to rescue Greece. But Greece is relatively small – they only have the 44th largest economy in the world. READ MORE
Society as We Know it Will Break Down and Collapse in a Five Stage Process
Society as we know is breaking down and collapses in a five stage process outlined here. While it can be accelerated by certain events like war, a natural disaster, pandemic, terrorist attack, or even an impending asteroid impact, history has shown that economic collapse will essentially happen in this five stage process. To survive the collapse, it is important to read and interpret the signs and understand what assets are important to the current situation so you can be prepared for the worst thereby allowing you to survive intact and with as little damage as possible.
STAGE 1. The Decay Begins
Everything is good and the economy is thriving. A high standard of living has been achieved. This is the way things should be. Goods are cheap and readily available. Everything seems to be in abundance. Stores are filled with retail items ready to be purchased. Life in general is good. The nation’s working infrastructure is solidly intact and working well. However, the idea that everyone is entitled to have what others have earned now permeates society. Redistribution of Wealth Policies are implemented and quietly woven into the fabric of society. Unchecked and under the guise of fairness and equality, these policies slowly decrease productivity and increase dependency on government entitlement and welfare programs.
Word of the day: Prepare! And do it the old fashion way, like our fore-fathers did it and succeed long before us, because what lies ahead of us will require all the help we can get. Watch this video and learn the 3 skills that ensured our ancestors survival in hard times of famine and war.
Primary Assets:
Career
Home Value
Savings
Investments – Stocks and bonds
Health Insurance
Lifestyle Image
Good Credit Rating for Debt Accumulation
STAGE 2. The Slippery Slope
The economy goes into a slow but steadily increasing decline. Unemployment is on the rise. Ever increasing numbers of people receive government assistance in one form or another. People are paid not to work. Government spending has increased dramatically. The price of gold, silver, and other precious metals rise to prices unheard of just a few years earlier. Inflation reaches the double digit levels.
Related articles: When we will wake up in an America without electricity and society will totally collapse
Ready or Not? A Total Breakdown of Society is Closer Than You Think!
Primary Assets:
Cash
Precious Metals, Gold and Silver coins ( I strongly advice you to buy them from SQ Metals)
Job Stability
Elimination of debt
Health Insurance
Home Equity
Automobile with good MPG
Acquiring secluded land more than 40 miles from densely populated areas
STAGE 3. It is Going to Get Worse
The total collapse of the economy begins after a significant and prolonged decline. The government implements price controls. Shortages on essential goods become widespread. Foreclosed houses sit vacant and deteriorating by the tens of thousands. Middle class neighborhoods begin to look like slums. The government begins to print currency to pay its bills and support the tens of millions on public assistance. Inflation increases even more and unemployment exceeds 25%. Banks and businesses fail at ever increasing rates. Nobody seems to have any money. Many are now homeless. Labor unions instigate strikes, civil unrest, and large scale riots. Government services are interrupted and unreliable. Local and national infrastructure is in decay. Violent gangs begin to appear and assert themselves. The government begins confiscation of firearms from law abiding citizens. Violence is everywhere. Cities and urban areas become very dangerous places to live.
At this stage, the country seems pretty much beyond the point of no return. However, things can still be reversed even at this stage if the right person at the top really believes in the basic fundamental concepts of Freedom, Independence, Liberty, and Individual Rights and is not afraid to do what is necessary to reverse the current trend. He will be vilified and hated because of his attitude toward personal responsibility, cutting entitlements, and ending welfare programs. Of course, if the right person were in power and did what needed to be done, none of this would have happened in the first place.
Primary Assets:
Gold and Silver coins
Cash
Job
Automobile
Home
Short term food supplies
Short term fuel stores
Firearms and ammo
Plans to relocate to a secluded rural hideaway
Small livestock – chicken, rabbit, fish…
A close network of like minded people
Survival knowledge and skills
Also read: The Worst 10 Things Non-Preppers Will Be Forced To Deal With When TSHTF. (#5 May Be Fatal!)
STAGE 4. The Grab for Power
The collapse can transition to this stage at any time after Stage 3. Most of the middle class have lost everything. What used to be well manicured middle class neighborhoods are filled with the carcasses of empty houses damaged and destroyed by vandals. The nation’s infrastructure has been seriously neglected and is in need of a major overhaul. The power grid becomes unreliable. Rolling blackouts are a daily occurrence. You can no longer buy or sell gold or own foreign currency. Inflation is out of control. Now the economy collapses. There is a rush for everything and the shelves go empty in a matter of hours. Society falls into chaos. The control of urban areas shifts when violent gangs takeover control of the streets and urban neighborhoods. The government issues restrictive measures in an attempt to control the economy. Everything is in short supply and heavily rationed. Food and gasoline is very expensive and there are very long lines to get them when they are available. Affordable quality health care is non-existent and your job is a distant memory. You will do without what you are unable to provide for yourself. You will discover what it is to live in a third world country.
Primary Assets:
Relocation to the rural hideaway
Firearms and ammo
Long term food supplies (1 year minimum)
Adequate fuel stores
Security plan to protect the group and assets
Trained dog for security
A working knowledge of survival gardening
Survival knowledge and skills
Once all of the above has come to pass, the realization of the current circumstances at this moment must be all too obvious. It is too late to prepare at this point. What you did not acquire earlier, you are not going to possess now. Anything of value necessary for your survival has already been claimed. The situation gets worse… much worse.
Stage 5 is next… and it is not pretty.
STAGE 5. Freedom, Liberty, and Independence are Lost
The government implements martial law. Fighting between civilians and government forces break out nationwide. Maintaining more than a 30 day supply of food is considered hoarding food and is illegal. Severe poverty and starvation become a common sight. The government offers marginally acceptable food, water and shelter in exchange for your Freedom, Liberty, and Independence. A Socialist form of government takes over under the guise of fixing society’s problems with the false promise that peace and prosperity will return better than it was just a few years ago. A Totalitarian regime assumes power and the individual freedoms and liberties once enjoyed by the people are completely eliminated.
Primary Assets:
Rural Hideaway
Security plan to protect the group and assets
Living below the radar in a community of like minded people
Firearms and the ability to use them
Guard dog for security
Survival knowledge and skills
A working and producing garden capable of feeding 150% of the group
A stable supply of clean water
Vegetable seeds for long term food production and barter
The will to live and survive in a harsh political climate
As you can see, priorities change as the world changes. Your most prized assets of today – your good credit, luxury automobile, and career are no longer important after the economy collapses.
FAILURE TO PREPARE TODAY WILL INCREASE THE MAGNITUDE OF YOUR SUFFERING TOMORROW.
It is better to prepare 10 years too early than 10 minutes too late. Many who lack vision will say that it will never happen and for those who decide to live unprepared should consider the following statement.
LACK OF PLANNING ON YOUR PART DOES NOT CONSTITUTE AN EMERGENCY ON MY PART.
Read more: http://www.allselfsustained.com/society-as-we-know-it-will-break-down-and-collapse-in-a-five-stage-process/
Jeff Rense & John Truman Wolfe - The Coming 2016 Financial Crisis
As The Economy Collapses The US Economic Statistical Manipulation Is Expanding
Video On World Economic Forums Website Leaks Major NWO’s Hellish Future Plans For Americans…
By Lisa Haven
It’s not often that a video surfaces on a well-known globalist website that openly exposes some of the agendas they have in store for the populace. However this is exactly what has happened.
On the World Economic Forums youtube channel a video has surfaced that exposes their plan to replace your job with robots, thereby making a poorer populace. Not only that but it also reveals their plan to watch everything you do, to collect your date, despite your hesitation, and do it under the banner that it’s for progress and transparency. I believe you will find this video disturbing…
But that’s not all this New World Order’s World Economic Forum is Planning. In a document called Global Redesign Initiative (GRI) put out in by the World Economic Forum they proposed a transition away from international government decision making body into a system of multinational-stakeholders governance. Simply put they are, by stealth, replacing our model of voting in governments who negotiate treaties which are then ratified by our elected representative, to a model where a self-selected group of ‘stake-holders’ make decisions on our behalf. This is a terrifying thought to anyone who values freedom.
This was talked in length at their January 2016, Davos-Klosters meeting in Switzerland where 2,500 politicians, celebrities, and business leaders fro all over the world attended this “Bilderberg style” meeting. Their attendees include 53 people who own as much wealth as the poorest half of the world and over 1,000 of the world biggest multinational corporations all of whom have their eye set on The New World Order. Here’s that report…
One Venezuelan's Angry Rant: Six Stories From A Socialist Apocalypse
We like apocalypse fantasies because a part of us thinks it would be kind of fun. No bills to pay, no job to drag yourself to -- life goes back to basics. You don't watch The Hunger Games and really think about what it would be like to have a toothache or yeast infection you can't treat. And you certainly don't think of it as something that can actually occur.
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.
nce 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:
Nothing 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.
They 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."
That's what zoom lenses are for.
This is the part where you think, "Well, that's what you get under radical socialism. But that could never happen in America!" But until recently, their grocery stores looked the same as yours, except with more accent marks in the product names. Now, Venezuelans are only legally allowed to shop twice a week, and they have to hope they pick a day when looters don't show up. There was no evil commie conspiracy; just a spiral of bad decisions. We're not saying it's likely that you're going to wake up one day and go through the same thing where you live, but it's not impossible. An economy can be a fragile thing.
Be happy you can order groceries online ... for now.
But disaster creates opportunity. One of Venezuela's few growth industries revolves around helping people with money avoid the worst of the scarcity. Bachaqueros ("voracious insect," basically, so it's not a respected gig) buy up as much as they can find, and then resell it on the black market. Our source explains, "A carton of milk sells for one dollar. The bachaqueros sell it for eight to nine. That undermines the economy, because normal people can't get those products. The minimum wage most people get is not enough."
Bachaqueros befriend store owners and cashiers to get around fingerprint-enforced purchase limits. Your average Joe can only buy two cartons of milk a week ... unless he goes to the bachaqueros, who dodge those rules to stock up. You can also pay bachaqueros to stand in line for you, which sounds like laziness until you discover that a line can stretch for six hours. It's reached the point where social media is used to discuss toilet paper strategy. "You can ask on Instagram or Twitter. People will find you, and you can buy in bulk. We have 50 rolls on hand, and we stock up every time we can, because we don't know when there's going to be a shortage again. The most common alternative is to shower right after going to the bathroom. The smallest denomination of money is used for toilet paper, because it's worthless."
We're fairly sure that wasn't a figure of speech.
5 - You Suddenly Can't Leave The House After Dark
Venezuela's crime rate is out of control, because you'd consider a life of crime too if you had to wait six hours to get sandwich ingredients.
Caracas, the capital, is now deadlier than Baghdad. We told you before how terrifying it is to live there, but life can be just as dangerous outside the city.
Exhibit A: What's known as a "Venezuela parking ticket."
That's our source's car. While it was parked in front of his house, someone straight-up walked off with his wheels. And of course he can't replace them, because they're going through shortages of more than food. It's everything. "There's no accountability for the thieves; everyone can do whatever they want. And I cannot go to the police, because the police are either in cahoots [with the criminals] or won't do anything."
Don't ask where they got those wheels.
But at least our source hasn't been, you know, murdered. So there's that. "After 6 p.m., no one is really safe. You see fewer and fewer people going to the clubs or the cinema, because going outside has been horrible. If you go outside and you don't have anything [of value, criminals] still kill you. Because you're worthless. The thieves have seen that even if they use force, they're hardly ever convicted of crimes. Even the policemen ask to pass through [gang-run areas]."
Why would the police bust their asses to arrest dangerous criminals when their reward would be, at best, a raise or a bonus that they could spend on ... nothing? Better to stay on the side of the people who have access to food and toilet paper, even if they're murdering to get it.
All right, so here's the question looming over all of this: How does a previously-stable country reach the point where going out after dark is risking death? Was there an invasion that decimated the government and infrastructure? A natural disaster? Did they bet the national treasury on the Seahawks winning the Super Bowl last year? Nope! And in fact, we bet it's something that you'd never suspect ...
4 -Your Cheap Gas Is Their Catastrophe
Hey, remember how like five years ago we were certain that the world was running out of oil and gas prices shot up to $4.00 a gallon?
And have you noticed that you're paying like $1.75 now (depending on where you live)? That's because worldwide petroleum prices have collapsed. So that's good news for working folks with a commute, but bad news for a country like Venezuela.
"We need a carbon tax, with the proceeds buying milk for Venezuelans!" -- a plan that would surely popular with everyone
You probably didn't know that Venezuela has the most oil of anyone. No, really -- they're sitting on more oil than Saudi Araba, and they have almost as much as Iran and Iraq combined. Three times as much as Russia. So back in the day, it didn't seem like a terrible idea when Hugo Chavez dumped billions into social programs. Oil prices were high and profits were up, so why not make it rain? Hell, Kuwait regularly gives its citizens cash payouts and free food with their ridiculous oil revenues. Saudi Arabia does it too.
But then oil prices fell, and kept falling, and it came as a complete shock to the Venezuelan government, which had sort of assumed that oil would keep going up in value until it was either exhausted or Earth moved to a Star Trek-like post-currency utopia. "But," you're probably thinking, "Why wasn't everybody filthy rich from the days when our drivers were paying through the nose?" Good question. Part of the answer is that the country was laughably corrupt even when times were good. For years, the government allowed businessmen to siphon away tens of billions of dollars in oil revenue. And so instead of having a safety cushion to keep the country going through some lean years, Venezuela ended up with a patch of cement to splatter against.
The Venezuelan economy.
So the oil money dried up, and all the things you should be able to expect a socialist government to provide -- water, electricity, law enforcement -- suddenly became either unreliable or nonexistent, forcing people to either turn to expensive private entities or go without. A system that appeared flawed but solid ("Sure there's corruption, but we're sitting on an ocean of oil, bitch!") turned out to be a house of cards. And once things start going bad, well ...
3 - Attempts To Fix The Economy Created A Death Spiral
We opened this article with images of empty shelves and Coca-Cola refrigerators. But while standing in line for tampons isn't much fun, let's allow our source to make it clear how bad things can get:
"My family [has a lot of doctors]. They have a clinic. You cannot find aspirin, or basic products like stomach pumps and scalpels. The only company that produces synthetic adrenaline left the country because there is strict monetary control. Companies cannot import medical supplies. So you go to any hospital, and you can see people on the floor bleeding and dying because they don't have enough beds, scalpels, cleaning agents ... "
One room has a mop. That's the best room.
There are references there to things like "monetary control," and we don't intend to bore you with a lesson in how an economy works, other than to point out that nobody really understands how a fucking economy works. Remember that the richest and smartest investors in the USA lost billions in the 2008 market crash because they had no idea it was coming. Collapses only make sense in retrospect, and trying to stop one in progress can be like trying to get your tumbling Jenga pieces to land perfectly back in the shape of a tower.
Frantically blowing on falling blocks economic systems works less than 10 percent of the time.
So when things started going to shit, the government decided to grab the wheel and try to get the skid under control. You know how in tough economic times, people in the USA tend to blame foreigners (like those damned Chinese companies stealing our jobs, or those lazy Mexicans stealing our tax dollars)? Well, that happened there, too. The feeling was that Venezuela was getting exploited by all those damned foreign countries. So the government started seizing the assets of foreign companies doing business there. (Or rather, "buying" them for a fraction of their price -- Exxon, for example, was made to "sell" $900 million of assets for $250 million.) The government, of course, did not have the slightest idea how to manage what they acquired, and things only got worse. The country's currency became all but worthless, and the economy collapsed into chaos.
The wealthy quickly started to exchange their local currency (bolivars) for good old Yankee bucks that would hold their value, so the government quickly made that illegal. But then businesses couldn't import goods, since they couldn't use dollars and nobody outside Venezuela wanted their worthless currency. And that, friends, is how you get a scarcity crisis in which buying toilet paper is a monthly holiday and hospital patients wind up sleeping on the floor.
Current value places bolivars somewhere between Monopoly money and Chuck E. Cheese tokens.
It's also how you get a new black market. The most prized item? Those American dollars. "There's a website, Dollar Today ... right now, you can buy one dollar for 900 bolivars. The minimum wage in Venezuela is 9,000 bolivars a month. There are people who buy dollars, wait for them to go up, and sell. That's the safest market Venezuela has. Because they're always going to go up, and you'll never lose your investment."
Did you catch that? When they bet on the dollars to always go up, they mean in comparison to their local currency. They're betting that their own country will continue to go to shit.
2 - The People In Charge Become Criminals
As we mentioned, Venezuela is one of the most corrupt countries in the world, which makes it difficult to do the whole "socialist paradise" thing.
Transparency International ranks countries based on corruption, and in 2015, Venezuela came in 158th out of 167, behind noted bastions of good governance like Syria and Myanmar.
Here's one fun example: 90 percent of Venezuela suffers from a powdered milk shortage, because the government-run company responsible for distributing it to protein-starved children was caught illegally selling it to Colombia.
Not the typical white powder you associate with the South American black market.
Most of you are fortunate enough to live in a country where saying "the politicians are criminals" usually isn't literal. We say a senator is corrupt because they take money from lobbyists and give contracts to companies run by their friends. That sucks, but at least they're not outright selling crack on the streets. But if there's not enough rule of law to keep tires from being stolen, then there sure as hell isn't enough to make sure the president's family isn't running narcotics.
Thus, two nephews of the current president were caught trying to smuggle 800 freaking kilograms of cocaine into the US through Haiti. That wasn't their personal hobby. The government and drug cartels aren't merely in bed together; they're experimenting with kinky new positions most people would never dream of. Two military officers were recently indicted for trafficking. The current head of the National Guard was charged with taking money to warn cartels about raids. Two high-ranking police officials were indicted for laundering drug money. We could go on for a while.
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"We'll ask this anti-drug official for comment as soon as we finish indicting him."
So how does a government this corrupt and incompetent stay in power? Well ...
1 - Scarcity Can Be A Weapon
Opposition to America and capitalism is a huge part of Venezuelan politics, partially because America makes a convenient scapegoat and partially because we did kinda try to overthrow or kill Hugo Chavez a few times.
Our bad. "One of [Chavez's] biggest and earliest achievements was creating a national mindset in which the 'People' were poor, needy, and supporters of his ideals, and the rest were dissidents, traitors, or 'Pitiyanqui.'"
That means "little Yankee," and Chavez started using the term in 2008, when the economy began to weaken. The implication was if you're a patriotic Venezuelan, these shortages won't bother you because you don't care about material possessions, man (at which point Chavez presumably took a huge bong hit). But that's all part of how everything is politicized in Venezuela. The Venezuelan government uses scarcity to identify and shame "dissidents" -- which in this context means anyone who wants a kitchen with snacks in it.
Chavez's no-snack policy was a "Do as I say, not as I do" thing.
We interviewed our source in the middle of an election, and government propaganda claimed that the opposition was teaming up with the US to create the scarcity. In one TV ad, a humble poor woman is waiting for her free government house. She asks when it will be ready, only to be told that she now has to pay for it. Then she wakes up from her horrible nightmare and resolves to vote for the government before the opposition takes charge and dooms her. "If you vote for the opposition, you're [told you're] going to lose your houses, your privileges, that you won't be able to buy [food staples]. It's a very powerful message."
But not quite powerful enough, as those elections have since happened and saw the opposition party make significant gains. The government didn't sit back and accept defeat, though. Two days later, our source told us that toilet paper was mysteriously impossible to find again, even on the black market. Remember that when you vote for president, Americans. No matter how much you may hate one candidate, they're not going to take away your TP out of spite.
Current Economic Collapse News Brief
Stimulate This? Keynesian Hubris Now Upon Us - DOW SELLOFF Mike Maloney
Secret Monetary Group Warns a Catastrophe Is Coming
This is just the tip of the iceberg.
By Harry Dent, author of the new book, How to Survive (and Thrive) During the Great Gold Bust Ahead:
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.
Now, Japan has joined a group of European nations in announcing negative interest rates in January. And what do they have to show for it? Japan’s stocks went down after the announcement, and it’s hurting bank margins and profits that are already suffering.
But the failure of global stimulus clearly isn’t confined to these two countries.
Italy’s non-performing loans are rising and the country looks increasingly like the next Greece. Of course, Greece hasn’t exactly recovered from its debt defaults. Nor has Cyprus. Kicking the can down the road, hoping for better economies despite crushing debt and refusing to restructure it, just doesn’t work.
Southern Europe is going to be in deep trouble again by the end of this year. In Italy, they might resort to a Cyprus-style “bail in” where large depositors have to bail out the banks. That won’t be pretty.
And it now looks like Deutsche Bank could wind up like the next Lehman Brothers. Last year, they suffered a $7 billion loss from bad loans – worse than in the Great Recession! Make money free, and banks will make bad loans. And investors will increasingly speculate.
Worse than that, Deutsche Bank has derivatives exposure up to $54.5 trillion (that’s not a typo). That’s higher than JPMorgan at $51.7 trillion. Overall, there are $550 trillion in highly leveraged derivatives globally.
That isn’t good for the major global banks. Most of them are trading well below book value – meaning, they’ve already been crushed!
And if you think the U.S. economy and stock market will continue to be the last man standing in a sea of sinking ships, think twice! S&P 500 earnings are down 18% from their September 2014 peak, and that makes real P/E (price/earnings) ratios over 23%, which can’t last.
Then there’s also clear speculation in the housing market, as the dumb money – who always piles in at the last minute – has taken up flipping real estate. 180,000 houses were flipped in 2015, or 5.5% of sales, compared to 4.6% in 2014. That’s a big jump! And it’s a clear sign that housing is about to peak again.
This is just the tip of the iceberg. Signs of trouble are popping up all over as central banks are desperate to reverse the course.
The UK is threatening a “Brexit.” Mass migration into Europe is still a problem without a solution. Despite a brief reprieve, oil will continue to crash. And developed countries all over the world are marching over a demographic cliff.
This is not the time to be complacent. Now is the time to hunker down and protect yourself from the worst financial devastation of your lifetime. And even the central banks’ bankers see it.
Governments and Central Banks are Losing Control; James Turk Discusses Gold and Silver on Shadow of Truth
beforeitsnews.com/alternative/2016/03/governments-and-central-banks-are-losing-control-james-turk-discusses-gold-and-silver-on-shadow-of-truth-3314596.html
Peter Schiff : Economic Collapse Imminent In 28 May 2016
Peter Schiff : Economic Collapse IMMINENT In 28 May 2016
Peter Schiff, CEO and chief global strategist for Euro Pacific Capital, is sounding the alarm bells once again. In a recent interview on Fox Business, Schiff warned that as long as the Federal Reserve keeps bluffing that it’s going to raise interest rates, its easy money policies have only delayed an inevitable financial collapse.
Not Again! World Bank Economist Shot Dead In Virginia (Video)
Murder mystery: 83-year-old man shot to death in Lorton neighborhood
LORTON, Va. (ABC7) — Who killed Johan De Leede? That is the question trying to be answered at this moment.
Fairfax County Police are investigating the murder of an 83-year-old retired economist with the World Bank, father, and grandfather who was shot to death in Lorton, Va. early Friday morning.
Police say they received a call around 1:15 a.m. for a man that a family believed was unresponsive due to a fall.
When officers arrived in the 6000 block of River Dr., they found 83-year-old Johan De Leede in his backyard suffering from trauma to his upper body. Police say his wife was inside at the time of the incident.
Sources tell ABC7 shots were fired from outside of the home into the room where De Leede was sitting. It is unclear as to how his body was discovered in the backyard.
Police started CPR and applied an emergency dressing using a trauma kit to his wounds, then rushing him to the emergency room.
Police say De Leede died a short time later.
Neighbors in the complex told ABC7 they heard multiple shots last night.
At this time, police have not established a motive or person of interest, but they have canvassed the area by ground, with K-9′s, and by helicopter.
Officer Roger Henriquez said this morning, “Detectives have gone door-to-door trying to make contact with neighbors to see if they saw or heard anything.”
Neighbor Richard Kennedy said De Leede was a very nice and intelligent guy.
“I can’t imagine a person like him having enemies, so that’s why the whole episode seems so bizarre,” Kennedy said.
Other neighbors are perplexed as to how something like this could have happened on their usually quiet street. SOURCE
2016 Crash Will be Worse than 2008, History Will Remember This - Gerald Celente Interview
US Economy Is Tumbling Into An Economic Collapse That Will Shock The World