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The Great Global Rig is Ending...
The markets are beginning what could in fact be an epic meltdown.
China is on the verge of a “Lehman” moment as its shadow banking system implodes. China had pumped roughly $1.6 trillion in new credit (that’s 21% of GDP) into its economy in the last two quarters… and China GDP growth is in fact slowing.
This is what a credit bubble bursting looks like: the pumping becomes more and more frantic with less and less returns. Check out the collapse in China’s stock market.
We are literally back into 2008 Crash territory here:
Brazil, another “coming economic superpower” is experiencing rampant riots (over two million people in fact) as inflation soars. Here again we are back into 2008 Crash territory:
And the US… well the breakout to new highs is looking more and more like a false breakout. These developments usually result in extreme violent swings in the other direction. In this case… DOWN.
If you have not taken steps to prepare for a market collapse, we have a FREE Special Report that outlines how to prepare your portfolio. To pick up a copy, swing by:
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Best Regards
Graham Summers
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I love how Graham Summers receives more higher votes now that everything is starting to meltdown a little bit. And to think a few months ago people were calling Graham a broken record and not worthy of posting on ZH... Funny how things change.
Should have melted down the day of Cyprus. The bankers decided they needed to offload stocks to the sheep and load up on gold. Hence two temporarily rigged markets.
BOMBS AWAY
not sure about the stock market, the metals are certainly nose-diving, I'm just trying to give the NSA paranoid delusionals a bizzy bizzy bizzy week ...God bless the village idiots
It is a suckers collapse to squeeze short/recapitalize the TBTJ banksters.
This game of poker has so many Jokers in it, I have trouble trying to play the odds, riding the trend, even making some kind of conservative investment decision where I will not lose money.
My 401K only allows certain investments and they have recently eliminated the stable fund and replaced it with a short term bond fund. Now, instead of getting a return OF my money, they have guaranteed that I will lose, albeit a bit less that in the stock funds. All I could do to stem this destructive tide was stop contributing to my account all together.
The little bit of cash I am sitting on in my credit union is subject to government forces beyond my control and I know I could wake up one morning where the headlines will inform me that I have become an investor in this government's failures.
My PM's went down in the boating accident, my firearms are all rusted and do not work and my MRE's that were supposed to last for 25 years are all maggot infested and useless...
The cave I was going to move into out in the midwest is full of like minded squatters and and now I found out that Monsanto has been modifying my safs seeds, even though the Monsanto execs won't touch their crops with a 10 foot pole.
I know we are the underdogs in this fight, but when you are in the right, surrender is not an option...
Whispers in high places indicate that even the dumbest are selling everything not nailed down -- even prying it up and then selling.
Your comment about stopping contributions is an affirmation of the proverbial canary in the coal mine.
Widowmaker is hearing comments like this increasing dramatically. These are supposed safe-havens being discarded.
Who are the smart money??
MArket is just rallying again will close green and massive short squeeze is next for freshly created shorts.
Fed is just playing let's create and squeeze new shorts game.
"Say kiiiiidz, what time is it?!??"
"It's Howdy Doody time!!!"
"Oh, look, dear, they're running old Howdy Doody episodes!!! Let's watch!!"
is it....is it....is it for real this time?!?!?!? nope.......
Epic meltdown? I doubt it. Expecting a FED stick-save momentarily. Send in the clowns.
Strange grammar there.Rig has a completely different meaning the way he phrased it :
The product of an unsuccessful castration of a stallion.
His command of the English language is only matched by his understanding of the markets.
total misunderstanding.
The majority of criminals have not been arrested and are in charge. The rigging does not end until they do.
They can take a break, they can be overwhelmed, but the vampires & vampire-squids always come back.
"The squid came back, the very next day ... "