Yes, the Next Crisis is Coming… And It WILL Be Worse Than 2008

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Tue, 06/21/2011 - 13:07 | 1389402 spritch
spritch's picture

Sell everything and buy a farm and some cows.

Sun, 06/19/2011 - 19:26 | 1383204 AmCockerSpaniel
AmCockerSpaniel's picture

It's; GREED + crime with out punishment.

Sun, 06/19/2011 - 19:03 | 1383182 the grateful un...
the grateful unemployed's picture

why aren't there any elliottwavers around? last i heard Prechter was calling for DOW1000 or lower. And i believe it, just like i believe that the next 2008 will be worse, but what does it mean? point 1) 2008 didn't mean much to the middle class, because credit unions were still lending. the employment problems are structural, which is why they won't be resolved. this is precisely why all right thinking people know we should have never bailed out the banks, it wasn't going to do a thing for the majority of Americans, and the consumer. point 2) not knowing what DOW 1000 really means, the level of anxiety is overstated. either government fails quickly, or it fails slowly. the dollar as international currency fails quickly or slowly. point 3) nobody is doing anything about the employment problem, or the deficit problem, and nobody pretends they are or they would. Its like Chief Brody saying Shark, what Shark, we need a few more tourists. and that's the answer sadly, only a few swimmers are going to get eaten, the rest will have a good time.

thats real propaganda my friends. enjoy your swim


Sun, 06/19/2011 - 18:28 | 1383131 MiningJunkie
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I forecasted the Crash of 1987, the Long Term Capital Management meltdown in 1998, 9/11, and the credit crisis of 2008 and made billions. Now because I need to earn even more subscription money from all you ZeroHedge followers, please go to my website at http://www.shameless for the Holy Grail of Investment Advice.

Sun, 06/19/2011 - 19:07 | 1383188 Hacked Economy
Hacked Economy's picture


Sun, 06/19/2011 - 11:59 | 1382500 Bob Paulson
Bob Paulson's picture

More like the conversation went:


Bernanke: Have you carried out the plans as we have directed?


Wall Street: Yes, master, we have followed your instructions. We will render the entire financial system insolvent with crap. We will need trillions.


Bernanke: Excellent. The general public are so stupid that they will think the coming financial crisis is all a big mistake. Little do they know we've been planning this for many years. We're about to pull off the world's biggest heist. Ocean's 11 ain't got sh!t on us!!


Sun, 06/19/2011 - 11:17 | 1382423 bullet357
bullet357's picture

Gold bug  has it all wrong!  Food & Ammo will be the only way.

Sun, 06/19/2011 - 14:08 | 1382739 Obadiah
Obadiah's picture

Well doesn't that link make it make perfect sence now.  WTF this should be a headline on al the alt websites!  Thnks for the info.

Man I love the peps on this site

Sun, 06/19/2011 - 11:04 | 1382392 zippy_uk
zippy_uk's picture

How about "The Great Reset" - all the countries agree to add a zero on their currencies - everything gets redenominated except debt. Any country that does not agree to join in takes a bath...

Sun, 06/19/2011 - 10:50 | 1382372 Andy Lewis
Andy Lewis's picture

Hurry, hurry, step right up!!!

Sun, 06/19/2011 - 10:10 | 1382331 geno-econ
geno-econ's picture

Derivatives were meant to diversify risk, but actually pass it on to someone else----it is still RISK to the tune of $600 Trillion.  The unregulated shadow banking system will kill the entire financial system because we refuse to accept reality, which is overextension , deficits ,leveraging and off balance sheet manipulation. When it all comes crashing down the regulators will say "the marketplace did not work according to market principles "  

Sun, 06/19/2011 - 11:52 | 1382495 JustACitizen
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The regulators will say: "we didn't have a the specific regulation we needed - to prevent the fools from being foolish and criminals from being criminal".

The direct market participants will say: "it's the governments fault - they interfered in the perfection of the marketplace".

The deal makers (GS/JPM/et al) will say: "who would have seen this's a once in a hundred years event...".

They will all say: "We are the smartest most productive people in the world and you should pay us - win or lose - because..."

Here's to hoping that common folks/workers/citizens say: "f-you - you gambled and you lost - take your shit to some other country - we have real work to do here."


Sun, 06/19/2011 - 11:54 | 1382494 JustACitizen
JustACitizen's picture


The regulators will say: "we didn't have a the specific regulation we needed - to prevent the fools from being foolish and criminals from being criminal".

The direct market participants will say: "it's the governments fault - they interfered in the perfection of the marketplace".

The deal makers (GS/JPM/et al) will say: "who would have seen this's a once in a hundred years event...".

They will all say: "We are the smartest most productive people in the world and you should pay us - win or lose - because..."

Here's to hoping that common folks/workers/citizens say: "f-you - you gambled and you lost - take your shit to some other country - we have real work to do here."


Sun, 06/19/2011 - 09:10 | 1382252 PPagan
PPagan's picture

+10 ROFL

Sun, 06/19/2011 - 09:14 | 1382257 PPagan
PPagan's picture

Sorry wrong location.

Sun, 06/19/2011 - 09:07 | 1382247 Sambo
Sambo's picture

I know things are really bad in America. All the monsters - the govt, the politicians, the big banks, the little banks, the bernank, the insurance companies, healthcare services, the corporates, the oil companies, the name it...are out of the zoo (where they rightly belong) and out loose, armed to the teeth, and out to get the easy prey that cant run fast enough.

In my opinion the international banksters stole the zoo keys from the people on a dark wintery night of 1913 and brought misfortune to the American people. Since then the tragedy has spread to Europe and now Asia & Africa.


Sun, 06/19/2011 - 09:44 | 1382246 plocequ1
plocequ1's picture

Thomas Jefferson warned us about this. I dont think there is much we could do except live your life and love your family and friends  until God calls you home. 


Sun, 06/19/2011 - 08:54 | 1382231 I am Jobe
I am Jobe's picture

The Collapse of Nations All By The Hand Of Corrupt Bankers

Sun, 06/19/2011 - 08:44 | 1382226 Obadiah
Obadiah's picture

Well, we all know it's lies, cause satan IS the father of lies and that's where "TPTB" get thier power.  Unfortunately for them they WILL get there reward as will YOU and I.  This struggle has been ragin since the beginning of time, but it will come to and end.

Listen this doesn't mean that I am in the fetal position sucking my thumb waiting for the Creator to rescue me.  However if I am in HIS plan for my life I cannot fail, even if the bernak slices off my wiener... I will be "Winnnnniiing!"

OK Ok I am awake! Now where the hell is that "Fight Club Plan" link that I can read and start working on?  Surely the plan is'nt just converting rag paper into metals and sending email links to people, is it?  Dammit these bastards have very specific plan to own us.... WTF is our plan that says "No way fuck you!"  Is our goal to just save our asses from the collapse, suck our thumbs and hide?  Come on who's gonna come up with a plan for the awaken?  Time is short brothers and sisters!




Sun, 06/19/2011 - 18:42 | 1383154 Hacked Economy
Hacked Economy's picture

The plan for now is:

(1) Stay alert.  Keep your eye on the horizon and your ear to the ground.  Watch for the approaching storm so you can take action well before the sheeple herd stampedes.

(2) Keep your powder dry.  Don't lock yourself and/or your resources into a box where you can't easily adapt to the rapidly changing circumstances.

(3) Educate yourself on the true state of the world around you, and then educate others.  I've personally been discussing events with friends and family, and have even given some classes at a local college.  I was amazed at how many people (even those class attendees up to their 60s) had no clue as to how our monetary system operates or how bad things are in Greece, Belarus, etc., but they all were very receptive and wanted to know more.  Nobody mocked the info.

(4) Have your own action plan ready.  Perhaps it's an actual "bug-out" location or such, but it might be as simple as stocking up on several months' worth of supplies, or moving your money out of the TBTF institutions and getting out of debt to contract their ledgers.

(5) Finally...adopt a realistic - but positive - attitude.  The world is filled with doomsdayers and naysayers who gripe and bitch and moan about TPTB and how quickly we're losing control of our own lives.  Instead of hiding behind a keyboard and posting a few witty complaints, do something for real.  Reduce your cash holdings at your bank and keep cash FRNs at home for emergencies.  Buy and hold PMs.  Stay out of debt.  Prepare in advance for the worst, but enjoy each day in the meantime for what it's worth.

The house of cards WILL collapse at some point.  When it does, and the initial wave of panic hits your neighbors, they'll be looking for answers and guidance.  YOU can be the one to give that to them.  Of course, it's much better to do that now so they'll have time to prepare, but you might have to step into that role at any time.  Be the leader they'll need.

And...if it gets really, really bad, and the S truly HTF, then remember that the Finns defeated the advancing Russians, and the Afghans defeated the advancing Soviet Union.  They were both grossly outnumbered and out-provisioned, but they held their ground by working together in unconventional ways.  "A single man defending his home is worth ten attackers."

Anyone else want to add their own ideas?

Sun, 06/19/2011 - 08:11 | 1382204 rsnoble
rsnoble's picture

Actually there's already a large amount of homeless/starving people in the US.  Of course we can't help those, we need to send billions overseas and help foreigners in the name of Operation Global Gobble.

I am unsure of the outcome of all this, or the timeline.  Currently im building a foundry in the back of my barn, I have lots of tools,I have lots of guns/ammo, garden,etc.  If it really got as bad as some fear im not sure if all of this could be rendered useless.

I have most of my debt paid off, couple years ago I had 30k in credit cards I now only have 4k on one card.  It's with citi at zero%.  I could pay it off but im not going to because if things take a turn for the worse im going to stick it in their ass.  Of course that's how I got out of the debt in the first place.  I was like let's see, my house is nearly paid off, I never plan on moving,I don't have a job so I can't get credit anyhow, I have newer paid off vehicles, I can't get anymore credit anyway cause im  maxed out, conclusion:  fuck you clowns.  For example I settled an 8k homo depot acct for $2500.00.

The best part is I educated myself on the net how to do this and avoided falling for the debt elimination services, thank god!  Do I feel guilty for being part of the problem for not being responsible and paying off the debt in full?  Only somewhat.  For the most part I blame the upper crust for the dismantling of US jobs, it's not my fault I lost my job, I can't find another one that paid what I made, therefore you fuck me I fuck you.  I really didn't have a choice.

Sun, 06/19/2011 - 19:45 | 1383261 dalkrin
dalkrin's picture

Just curious, but why a foundry?  I can appreciate the wisdom of having some light industrial capacity at your disposal, but what exactly do you plan to forge?  Gun parts?  Swords or spears?  Plowshares?  You are much further along in preparedness than myself, as I am only a young renter in the city, with no land to plant a garden.  Granted, I am fortunate to have my job, so I can be flexible in how I respond to changing conditions.

Sun, 06/19/2011 - 08:23 | 1382211 rsnoble
rsnoble's picture

BTW the banks are at it again, my mailbox has been getting flood with credit card offers.  Of course nowadays I just rip them in half and throw them in the trash.  I can envision a point where everything has gone to hell, nukes dropping and your phone rings and it's a fucking bill collector on the other end lol.  And if you don't have a phone perhaps they'll send thugs to your personal residence.

Sun, 06/19/2011 - 07:30 | 1382167 Grand Supercycle
Grand Supercycle's picture

GFC #2

Commentators and economists who keep referring to the ‘economic recovery’ and to the GFC in the past tense – will be proven wrong. Unfortunately the charts indicate GFC 2
will be worse.

posted ~ Tues June 14, 2011

Sun, 06/19/2011 - 07:19 | 1382160 mogul rider
mogul rider's picture

This is called the LONG emergency not the SHORT emergency. The IPOD crowd always wants a quick fix. There isn't one

Blowing your wad on one crisis is a waste of time and will probably bankrupt you.

Stay liquid and adapt to changing conditions. This is not a crisis.


It is a series of crisis's and what worked last time may not work the next. The chairsatan has an arsenal of weapons and they can do many things to ruin our fucking day.

Sun, 06/19/2011 - 08:16 | 1382206 rsnoble
rsnoble's picture

Or they'll just create new weapons, however stupid they may be.

Sun, 06/19/2011 - 04:42 | 1382071 Pondmaster
Pondmaster's picture

.. gentlemen , if we don't get the 800 billion TARP passed , the whole system will blow up . ..." 

I hate fear mongering , even if it is dressed in urgency . Tyler , please ditch this shill . In the name of prudence .

Sun, 06/19/2011 - 04:43 | 1382067 Sudden Debt
Sudden Debt's picture

If you look to the TOP 136 COUNTRIES, ONLY 2 managed to lower their national debt. And the increases wheren't just a few %!

It's like people who have 4 maxed out credit cards and who think a fifth credit card will help them out.

The spending continues and more money goes to interest and money drains away faster and faster.

Even without the derivatives, the system will implode in the next 1 or max. 2 decades.

These derivatives and other crap only speed things up.


The good thing is, that when the system implodes we'll be able to reset everything and rebuild the system which will because of all the rage the implosion will cause will be a better and safer one.

for a while...


Sun, 06/19/2011 - 07:18 | 1382162 mogul rider
mogul rider's picture

careful what you wish for SD.

Remember 12,000 dollar gold is not a party it's a machine gun on the roof shooting zombies in your yard like the Vancouver riots

Sun, 06/19/2011 - 03:42 | 1382035 I am Jobe
I am Jobe's picture

Garbage in= garbage Out is what Whore Street is doing and Congress is on leash. Where is Al Capone when you need him . Hang the mofo's

Sun, 06/19/2011 - 02:43 | 1381990 tony bonn
tony bonn's picture

thank you mr summers for an excellent treatment of the crap and lies oozing from wall summarized a quadrillion dollar market for what it is - pure grade a certified farm fresh horse crap.

Sun, 06/19/2011 - 03:35 | 1382027 HungrySeagull
HungrySeagull's picture

No worse than Snake Oil sales men back in the days of 1880's selling flavored bottles with narcotics to cure all ills only to have the patient come back for more.


Fuck it. I have seen the crash back in the 80's and have experienced some hits and frankly we dont need no stinking sales pitches. So fuck off.


What we can do is communicate and learn to prepare. If we do this as a Nation maybe, just maybe there will be enough sheepdogs to herd the sheep in a single group and keep them in the pasture instead of running off to pillage the farmer's house.

Sun, 06/19/2011 - 02:29 | 1381977 dolly madison
dolly madison's picture

I'm a believer that it's gonna be bad, but I cannot use this article to explain it to my friends because I would be embarassed to promote your shameless sales pitch.  I spread the news for the good of the people, not for profit.

Sun, 06/19/2011 - 01:36 | 1381932 Canaduh
Canaduh's picture

I can haz free?

Sun, 06/19/2011 - 01:23 | 1381916 Cast Iron Skillet
Cast Iron Skillet's picture

Well, I'm waiting for it to get really, really extra bad, bad, BAD, bad, bad. .... will that be your next post, maybe?

Sun, 06/19/2011 - 10:03 | 1382317 ebworthen
ebworthen's picture


Sat, 06/18/2011 - 23:50 | 1381805 zorba THE GREEK
zorba THE GREEK's picture

 Ron Paul is the only candidate for President that

 makes any sense. I'm no brain trust and I can see

 that. But when I tell my wife or any other women

 that, they look at me like I'm nuts. I guess he 

 doesn't have sex appeal so he's screwed as far as the

 female vote goes. What's he at now? 5% in the poles?

 With the brain-dead electorate we have in this 

 country, it makes me want to curl up in the fetal

 position and suck my thumb.

Sun, 06/19/2011 - 00:27 | 1381853 penisouraus erecti
penisouraus erecti's picture

It doesn't take a rocket appliance to see you are correct sir.

Sun, 06/19/2011 - 00:37 | 1381872 RockyRacoon
RockyRacoon's picture

...or a brain sturgeon.

Sun, 06/19/2011 - 09:15 | 1382259 PPagan
PPagan's picture

+10 ROFL

Sat, 06/18/2011 - 23:26 | 1381771 onlooker
onlooker's picture


Best ZH idea of the week. I am on board.

Sat, 06/18/2011 - 23:25 | 1381767 Akrunner907
Akrunner907's picture

Tyler should shut this guy down or at the very least make him post a true FREE copy of his rantings.  What a waste. 

Sat, 06/18/2011 - 23:20 | 1381760 Pure Evil
Pure Evil's picture

If the reports are free, then why do I have to give you a name and email address to access them.

I don't want to be badgered, stalked, or harrassed by your outfit via email just because I wanted to take a peak to see if you really know what you're talking about.

I signed up for some free reports from some other guy and even though I unsubscribed to his newsletters, the asshole won't stop sending them.

Generally free reports are followed up by requests to purchase the next report that will really tell you how to save your ass during a global meltdown.

Personally, I think the only thing that will save your ass during armegeddon will be to find Ted Kaczynski's cabin up in Montanna and hide out there.

Too late, the FEDS already tore it down and hauled it away.

Oh well, I guess its time to put the head between the knees and pucker up for a good ole fashioned kiss your ass goodby experience.

Sat, 06/18/2011 - 23:16 | 1381747 lynnybee
lynnybee's picture

trillions for Wall St., but, supposedly Social Security is broke, banksters deliberately selling worthless paper to pension funds ....... Where the hell's OBAMA !   Why isn't he riding to the rescue ..  oh, i forgot, he's tooo busy golfing & playing basketball in the WHITE HOUSE.  loot the U.S. TREASURY & leave us to starve to death & believe me, when we go into our hyperinflation in another couple of years (2014) people will be starving. 




Sun, 06/19/2011 - 03:27 | 1382025 ebworthen
ebworthen's picture



Talk about being completely out of touch with the American people; PLAYING GOLF?

Get your heads out of your asses guys - GOLF?

What average American can afford to buy the clubs, learn to play, and pay the greens/membership fees for fucking GOLF?

Why don't you just put on wigs and lace and go to the ball to talk about the "little people"?

Fucking elitist fools...

Sun, 06/19/2011 - 10:01 | 1382303 Agent 440
Agent 440's picture

FORE!!!  Bloody peasants!

Sun, 06/19/2011 - 09:23 | 1382270 falak pema
falak pema's picture

You'll never convince TW or BO or a lot of people around the world. Only the Scots and the Irish know how to reconcile golf and people with their public links courses on sandy natural turf : they have public courses, some of which are postage stamp size and a pleasure for your eyes are for your wits. US public courses, some if not all, were in the same vein; but I've haven't visited them since a long time and I don't know how much it costs NOW to play them.

Sat, 06/18/2011 - 23:27 | 1381772 I think I need ...
I think I need to buy a gun's picture

we aren't going to have "hyperinflation" technically....well maybe your savings in dollars but thats what gold revaluation is for to suck up all those extra will suck up extra one has idea of price......because everything is secret at the fed......

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