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18 Signs That Massive Economic Problems Are Erupting Everywhere

Tyler Durden's picture





 

Submitted by Michael Snyder via The Economic Collapse blog,

This is no time to be complacent.  Massive economic problems are erupting all over the globe, but most people seem to believe that everything is going to be just fine.  In fact, a whole bunch of recent polls and surveys show that the American people are starting to feel much better about how the U.S. economy is performing.  Unfortunately, the false prosperity that we are currently enjoying is not going to last much longer.  Just look at what is happening in Europe.  The eurozone is now in the midst of the longest recession that it has ever experienced.  Just look at what is happening over in Asia.  Economic growth in India is the lowest that it has been in a decade and the Japanese financial system is beginning to spin wildly out of control.

One of the only places on the entire planet where serious economic problems have not already erupted is in the United States, and that is only because we have "kicked the can down the road" by recklessly printing money and by borrowing money at an unprecedented rate.  Unfortunately, the "sugar high" produced by those foolish measures is starting to wear off.  We are going to experience a massive amount of economic pain along with the rest of the world - it is just a matter of time.

But for the moment, there are a lot of skeptics out there.

For the moment, there are a lot of people that are declaring that the problems of the past have been fixed and that we are heading for incredibly bright economic times ahead.

Unfortunately, those people appear to be purposely ignoring the economic horror that is breaking out all over the globe.

The following are 18 signs that massive economic problems are erupting all over the planet...

#1 The eurozone is now in the midst of its longest recession ever.  Economic activity in the eurozone has declined for six quarters in a row.

#2 Italy's economy has now been contracting for seven quarters in a row.

#3 Industrial production in Italy has fallen for 15 months in a row.  It has now fallen to its lowest level in about 25 years.

#4 The number of people that are considered to be "seriously deprived" in Italy has doubled over the past two years.

#5 Consumer confidence in France has just hit a new all-time low.

#6 The number of unemployed workers seeking a job in France has hit a brand new all-time record high.  Many unemployed workers in France are utterly frustrated at this point...

"I've sent CVs everywhere, I come to the unemployment agency every day, for 3 or 4 hours to look for work as a truck driver and there's never anything," said 42-year old Djamel Sami, who has been unemployed for a year, leaving a job agency in Paris.

#7 Unemployment in the eurozone as a whole has just hit a brand new all-time record high of 12.2 percent.

#8 Youth unemployment continues to soar to unprecedented heights in Europe.  The following is from an article that was recently posted on the website of the Guardian that detailed how bad things are getting in some of the worst countries...

In Greece, 62.5% of young people are out of work, in Spain it's 56.4%, then Portugal with 42.5%, and then Italy with 40.5%.

#9 Youth unemployment is being partially blamed for the worst rioting that Sweden has seen in many years.  The following is how the Daily Mail described the riots...

Sweden is reeling after a third night of rioting in largely run-down immigrant areas of the capital Stockholm.

In the last 48 hours violence has spread to at least ten suburbs with mobs of youths torching hundreds of cars and clashing with police.

It is Sweden's worst disorder in years and has shocked the country and provoked a debate on how Sweden is coping with youth unemployment and an influx of immigrants.

#10 An astounding 10 percent of all banking deposits were pulled out of banks in Cyprus during the month of April alone.

#11 Economic growth in India is the slowest that it has been in an entire decade.

#12 Suddenly Australia is experiencing some tremendous economic challenges.  The following quotes are from a recent Zero Hedge article...

-“We’re seeing a much sharper contraction in the Australian economy than we’d anticipated four or five months ago”. Coffey MD, John Douglas. The engineering group has seen its shares, which traded above $4 in 2007, hit 10c last week.

-“By 10am, the Fitness First gym in the city is packed full of brokers who’ve had a gutful of sitting at their desk doing nothing – salary cuts are starting and next it will be jobs” Perth broker

-“Oh mate, the funding market is dead. You are now seeing a few deeply discounted rights issues for those that are reaching desperate levels ….. liquidity has completely disappeared” Perth broker

#13 The financial system in Japan is beginning to spin wildly out of control.  The Japanese stock market has now declined about 15 percent from the peak, and many believe that the yen will continue to get weaker and that interest rates in Japan will start to rise significantly.

#14 Global cash flow is declining at a rate not seen since the last recession.  This indicates that we could be headed for a global credit crunch.

#15 Real wages continue to decline in the United States.  Even though we are being told that the U.S. is experiencing an "economy recovery", real weekly earnings have declined from $297.79 in 2010 to $295.49 in 2011 to $294.83 in 2012.  (The preceding calculation is based on 1982-1984 dollars)

#16 Wall Street is buzzing about the fact that "the Hindenburg Omen" appeared at the end of last week.  So exactly what is "the Hindenburg Omen"?  The following are the criteria that are used to determine whether it has appeared or not...

1. The daily number of NYSE new 52 Week Highs and the daily number of new 52 Week Lows must both be greater than 2.2 percent of total NYSE issues traded that day.

2. The smaller of these numbers is greater than or equal to 69 (68.772 is 2.2% of 3126). This is not a rule but more like a checksum. This condition is a function of the 2.2% of the total issues.

3. That the NYSE 10 Week moving average is rising.

4. That the McClellan Oscillator ( a market breadth indicator used to evaluate the rate of money entering or leaving the market and interpretively indicate overbought or oversold conditions of the market)is negative on that same day.

5. That new 52 Week Highs cannot be more than twice the new 52 Week Lows (however it is fine for new 52 Week Lows to be more than double new 52 Week Highs).

When the Hindenburg Omen makes an appearance, it supposedly means that the U.S. stock market is likely to experience a serious decline within the next 40 days.

#17 As I wrote about the other day, the SentimenTrader Smart/Dumb Money Index is now the lowest that it has been in more than two years.  That means that lots of "smart money" has been getting out of the market and lots of "dumb money" has been pouring in.

#18 Margin debt on the New York Stock Exchange has set a new all-time high.  The following is from a recent Market Oracle article...

Margin debt—that’s the amount of money borrowed to purchase stocks—on the New York Stock Exchange (NYSE) reached its all-time high in April. Margin debt on the NYSE registered at $384.3 billion as the key stock indices hit new record-highs. (Source: New York Stock Exchange web site, last accessed May 29, 2013.) The highest margin debt ever reached prior to this was in July of 2007, when it stood just above $381.0 billion. At that time, just like today, the key stock indices were near their peaks and “buy now before it’s too late” was the prominent theme of the day

Whenever margin debt spikes like this, a stock market crash almost always follows.  If you doubt this, just check out the chart in this article.

Wall Street has had a good couple of years, but it has been a "false prosperity" that has been pumped up by reckless money printing by the Federal Reserve.  Just like all of the other stock market bubbles that we have seen in recent years, this one is going to burst too.  And as Marc Faber recently pointed out, this bubble has been particularly beneficial to the wealthy...

The Fed has been flooding the system with money. The problem is the money doesn't flow into the system evenly. It doesn't increase economic activity and asset prices in concert.

 

Instead, it creates dangerous excesses in countries and asset classes. Money-printing fueled the colossal stock-market bubble of 1999-2000, when the Nasdaq more than doubled, becoming disconnected from economic reality. It fueled the housing bubble, which burst in 2008, and the commodities bubble. Now money is flowing into the high-end asset market - things like stocks, bonds, art, wine, jewelry, and luxury real estate.

 

Money-printing boosts the economy of the people closest to the money flow. But it doesn't help the worker in Detroit, or the vast majority of the middle class. It leads to a widening wealth gap. The majority loses, and the minority wins.

The fact that the U.S. stock market has set new all-time record high after new all-time record high in recent months means very little.  At this point, the stock market has become completely divorced from economic reality.  When this current bubble bursts, the adjustment is going to be very painful.  Wall Street will likely whine and complain and ask for more bailouts, but they may find that authorities are not nearly as sympathetic this time.

Much of the rest of the world is already experiencing the next major wave of the economic collapse.  Reckless money printing by the Fed and reckless borrowing and spending by the federal government may have delayed the inevitable in the United States for a little while, but those measures have also made our long-term problems even worse.

There was one piece of advice that Ben Bernanke included in his commencement speech to students at Princeton recently that I thought was particularly ironic...

"Don't be afraid to let the drama play out."

Will he take his own advice when the next great financial crisis strikes the United States?

That seems very unlikely.

Unfortunately, things are not going to be so easy to fix this next time.

What happened back in 2008 was just a preview.

What is coming next is going to absolutely shock the world.

 


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Mon, 06/03/2013 - 16:51 | Link to Comment SILVERGEDDON
SILVERGEDDON's picture

You forgot sign number nineteen. 

BUY THE FUCKING DIPS, BITCHEZ ! 

Silver and gold - safe havens in a cluster of fuck.

Copper, lead and brass are useful commodities to invest in as well. 

Mon, 06/03/2013 - 16:53 | Link to Comment famousisourname
famousisourname's picture

Im buying silver and gold any time they smack the paper price down

Mon, 06/03/2013 - 16:58 | Link to Comment kaiserhoff
kaiserhoff's picture

As unsustainable as a hair ball speech code in fight club.

Mon, 06/03/2013 - 17:05 | Link to Comment SafelyGraze
SafelyGraze's picture

fortunately, the young people are finding new ways to cope, rather than crying over spilled milk

http://www.youtube.com/watch?v=p-xfho6rRlU

spoiler: I've fallen and I can't get up

 

Mon, 06/03/2013 - 17:23 | Link to Comment francis_sawyer
francis_sawyer's picture

@kaiserhoff

~~~

Point of Parliamentary procedure...

http://www.youtube.com/watch?v=ROxvT8KKdFw

Mon, 06/03/2013 - 17:30 | Link to Comment kaiserhoff
kaiserhoff's picture

The purges will continue until morale improves, Comrade Citizen.

All together now.  Jawohl!

Mon, 06/03/2013 - 17:57 | Link to Comment MillionDollarBogus_
MillionDollarBogus_'s picture

The writer completely disregarded Europe's shadow economy.

"...According to the latest data available from VISA Europe, the interbank credit-card service, Europe's shadow economy grew by 5 percent from 2007 to 2011. The VISA study put the total value of the shadow economy in 2011 at some 2.2 trillion euros (2.8 trillion dollars).

The shadow economy does not include typical criminal activities such as drug-dealing racketeering, or burglary..."

http://www.rferl.org/content/in-tough-times-europes-shadow-economy-grows/24802601.html

Italy's shadow economy is about 22% of the legit economy. 

Mon, 06/03/2013 - 18:06 | Link to Comment derek_vineyard
derek_vineyard's picture

listen to the markets..........don't try and tell them what to do

in retrospect......don't fight the Fed again proved true..........those who listened to the tape (2009 to date) now realize the markets were screaming the power/resolve of the Fed to prop the market

Mon, 06/03/2013 - 18:32 | Link to Comment CrashisOptimistic
CrashisOptimistic's picture

 

Horrendously Old Normal thinking in a world where HFT is 80% of volume.

There are no markets.

Mon, 06/03/2013 - 19:52 | Link to Comment ratso
ratso's picture

Oh right THE SKY IS FALLING!!!! RUN

Mon, 06/03/2013 - 20:40 | Link to Comment Shocker
Shocker's picture

No, but its called things are not good.

Layoff / Business Closing List

http://www.dailyjobcuts.com

-

Mon, 06/03/2013 - 22:49 | Link to Comment markmotive
markmotive's picture

Manhatten hookers are shopping at Target. Now I know it's bad!

Mon, 06/03/2013 - 18:10 | Link to Comment SILVERGEDDON
SILVERGEDDON's picture

THE NUMBER ONE SIGN THE END IS NEAR - MILLION DOLLAR BONUS - crawls out from under Bernanke's ass to assure us that all is well. Theft, robbery, and murder will save the day - lots of job openings in an economic miracle growth industry !

Mon, 06/03/2013 - 18:10 | Link to Comment BoNeSxxx
BoNeSxxx's picture

That's not Bonus... It's Bogus.

Bonus is the troll... Bogus is actually legit

Mon, 06/03/2013 - 18:55 | Link to Comment SILVERGEDDON
SILVERGEDDON's picture

Well. I'll be dipped in shit. who the fuck woulda thunk ? All i ever see is the troll.

Hey, bogus - man - change up the avatar to create seven degrees of separation from the MDB paperboy, please ?

Mon, 06/03/2013 - 20:20 | Link to Comment King_Julian
King_Julian's picture

Initially, I thought Bonus had finally figured something out, but it was Bogus all along.

Mon, 06/03/2013 - 21:19 | Link to Comment Errol
Errol's picture

Silvergeddon, I guess Bonus'es satire was a little too subtle for you...

Mon, 06/03/2013 - 23:39 | Link to Comment sgorem
sgorem's picture

don't know about the dipped in shit part, but you just got bogied............

Mon, 06/03/2013 - 18:08 | Link to Comment Rainman
Rainman's picture

only 22%.....LOL !!

Mon, 06/03/2013 - 20:57 | Link to Comment stocktivity
stocktivity's picture

The writer completely ignores # 19 also - Until Benny stops printing, It's all Bullshit!!!

Tue, 06/04/2013 - 00:19 | Link to Comment SeattleBruce
SeattleBruce's picture

The shadow economy exists in good and bad times. It's volume has gotten larger across time, but it's existence doesn't mean Italy, and others aren't in bad shape.

Tue, 06/04/2013 - 04:17 | Link to Comment Davalicious
Davalicious's picture

"Italy's shadow economy is about 22% of the legit economy. "

The real figure is far higher. There is a shadow economy in the shadow of that shadow economy.

Mon, 06/03/2013 - 18:11 | Link to Comment vamoose1
vamoose1's picture

what  a  repulsive  fucking   country  the   united  states   you   animals  make   hitlers   germany  look  like  a   hospice     do  the  math    7  point  one   billion  people  in   2013   half  the  world   would   merrily eviscerate  this  place   which  renders   you  numerically  by  far  the   most   hated    country  in  the   history  of  this  groaning  planet     fucking  crawling   animals   rise  up   be  a  turkey

Mon, 06/03/2013 - 18:40 | Link to Comment Bay of Pigs
Bay of Pigs's picture

Hey Vamoose, what's shakin buddy? 

Sounds like you're not going to Disneyland this summer.  

Mon, 06/03/2013 - 18:53 | Link to Comment vamoose1
vamoose1's picture

  hi  bay   nice  to  see  ya

  just   pissed  off    what  a   fucking   waste   the   country  is   irrevocably   hijacked   by  cunning   criminals   they  won  the  war  for  us   for  the  second  time........................  they  bestride  the  world  like  a   colussus   then  rapidly   devolve   into   this   steaming  pile  of  ignorant  shit  on   food  stamps.....  they   should  sell  tickets  to  this travesty      these  islamists   the  new   bosses  pray   resolutely  with  their  skinny   brown  asses  upraised   in  their   girl   robes ......  its   quite  a  sight     but  practise  makes   perfect

Mon, 06/03/2013 - 19:23 | Link to Comment NoDebt
NoDebt's picture

Knock  it  off  with  the extra  spaces,  please.    It messes  with  our word - scanning  and  user - intent - tracking  software.

Sincerely, the CIA.

 

Mon, 06/03/2013 - 20:25 | Link to Comment TwoShortPlanks
TwoShortPlanks's picture

Nope, it's all good.

Mon, 06/03/2013 - 19:32 | Link to Comment Diogenes
Diogenes's picture

Is that you Monedas?

Mon, 06/03/2013 - 18:41 | Link to Comment Chump
Chump's picture

Don't worry, we're going down, and several of those billions will starve by the time we hit bottom.  So take heart, I guess.

Tue, 06/04/2013 - 03:25 | Link to Comment disabledvet
disabledvet's picture

this market has indeed been the most surprising of all. that's why millionaires read the stock tables while billionaires read horoscopes. "at the level of the latter you're dialed into something or other." ALWAYS. the problem with Europe is that..we all now know but how could we have?..."they're small fry." the dollar amounts they're talking simply aren't equal to the task. Germany Inc...as with Japan Inc...are MASSIVE economies...they require MASSIVE supports. "listening to some billionaire tell you what to do" is like asking Albert Einstein tell you how to get to the moon. "just doesn't work." Wall Street is doing multi billion dollar debt deals now folks...everyone of these companies has an EXPENSIVE for sale on them now. Where's the competition for that again now? I say pretty much nowhere...for the time being.

Mon, 06/03/2013 - 19:03 | Link to Comment Pizza man
Pizza man's picture

Vamoose, I would suggest you look at the gross migration numbers on a global basis and see where folks literally die to get into. I travel the world and can tell you when I am asked where I am from and I tell them America, the reaction is almost embarrassing. Gushing. I get respect I honestly don't deserve.Young people in Italy, strangers tell me they wish they could move to America. Indonesia? Young girls wear US Army T-shirts.

You are a puke with no idea of what the people of the world think nor want. We may be heading in the wrong direction, but life here is 10X bettter than anywhere else on the globe. And the average jamoke knows it.

Mon, 06/03/2013 - 20:21 | Link to Comment TahoeBilly2012
TahoeBilly2012's picture

"Jamoke"? That's it you have crossed the line!!

Mon, 06/03/2013 - 21:10 | Link to Comment Herd Redirectio...
Herd Redirection Committee's picture

Yeah, thats why Americans put Canadian flags on their luggage when they travel, because Americans are treated with awe...

Mon, 06/03/2013 - 23:52 | Link to Comment Never One Roach
Never One Roach's picture
Israel to send African migrants to third country

 

 

JERUSALEM (AP) — Israel has reached an agreement to send thousands of African migrants to an unidentified country, according to a court document obtained Monday, a plan that has elicited criticism over its potential harm to the migrants.

The plan, if implemented, is an attempt to address one of Israel's more pressing issues: what to do with an influx of roughly 60,000 African migrants who have sneaked into Israel from Egypt over the past eight years.

 

http://news.yahoo.com/israel-send-african-migrants-third-country-1445411...

 

'Multiculturalism' ain't for everyone....only good for "them"...not for "Us."

Tue, 06/04/2013 - 00:35 | Link to Comment Herd Redirectio...
Herd Redirection Committee's picture

A third country.  Got to love how the one taking the money and the immigrants doesn't want to be ID'd.

And hey, Israel, "Thats rayciss"

Tue, 06/04/2013 - 03:29 | Link to Comment disabledvet
disabledvet's picture

anti immigrant too. imagine that. you should hear the rhetoric...and how it gets acted upon. beyond appalling...truly shameful. full on "Japanese Internment Camp" in my view. History will not judge these folks well...and it's judgement looks to be coming far soon than expected.

Tue, 06/04/2013 - 01:35 | Link to Comment Kirk2NCC1701
Kirk2NCC1701's picture

Sent to Syria, and from there to the EU and US as 'Syrian refugees'? Bono & U2, Sting, Springsteen, etc to do Benefit Concert.

Ppl will lap it up. Saps.

Mon, 06/03/2013 - 20:21 | Link to Comment TahoeBilly2012
TahoeBilly2012's picture

"Jamoke"? That's it you have crossed the line!!

Mon, 06/03/2013 - 20:28 | Link to Comment BigJim
BigJim's picture

 but life here is 10X bettter than anywhere else on the globe.

LOL, really? 10x better than Australia, or New Zealand? Or Denmark or Norway? 

Flag-waving morons... gotta love 'em.

Mon, 06/03/2013 - 20:43 | Link to Comment BeetleBailey
BeetleBailey's picture

Thumbs down on Sweden and Norway....seriously?

Tue, 06/04/2013 - 18:29 | Link to Comment TheReplacement
TheReplacement's picture

Word is the Aussie PM is fond of sammiches.

Denmark is the place to go if you want to get beheaded for drawing the wrong cartoon.

NZ... who actually cares about NZ?  Once the US is gone the PacRim bad guy of the day can overrun them with a sneeze and a fart.

Norway, hmm, let's wait and see if the Swedish riots spread.  Either way, they wouldn't have a social shit if the US wasn't there to protect them.  In fact, that goes for every country you mentioned.  They spend next to nothing on defense because Uncle Sam is there to save the day and they all know it.  That, my friend, is coming to an end one day very soon.

Mon, 06/03/2013 - 20:52 | Link to Comment rwe2late
rwe2late's picture

Pizza man

10X better than the rest of the world,

and many don't care about the price paid by rest of humanity and this planet

to support their wasteful and destructive lifestyle.

10X better, is that you believe with respect especially to ethics, regard for others, practicing a sustainable lifestyle, respect for human rights,

or are you just enamored with the "better" militarism and top concentration of wealth?

 

Mon, 06/03/2013 - 22:50 | Link to Comment Jreb
Jreb's picture

"but life here is 10X bettter than anywhere else on the globe"

Except maybe Canada. And Australia. Maybe New Zealand too. I've heard Iceland is nice now that the bankers have been run out of town....

Not that the USA is a bad place at all but I'm just sayin...

in fact Vegas reminds me of a slightly upscale Bangkok so I guess that's good right??

 

Tue, 06/04/2013 - 01:17 | Link to Comment buyingsterling
buyingsterling's picture

life is better here, and it has nothing to do with our criminal government and its predations: This is the only (industrialized) place on earth where the first human right is still respected to a large degree, the right to defend one's life, thanks to the 2nd amendment. Without that you're sheep in the truest sense of the word.

Tue, 06/04/2013 - 06:48 | Link to Comment Hobie
Hobie's picture

New Zealand? Terrible place. I recommend Australia to all future refugees. Lots of empty land there. Nice beaches.

Mon, 06/03/2013 - 23:04 | Link to Comment El Tuco
El Tuco's picture

but life here is 10X bettter than anywhere else on the globe.

 

I don't know about that, it's real nice in the Caymans. Anyone else see the fireworks at the Ritz tonight... 

 


Tue, 06/04/2013 - 00:34 | Link to Comment obelisks
obelisks's picture

 

 Pizza man at this moment perhaps yes but that could change at the drop of a hat? What will it be like when the money runs out and 40 million former food stamp recipients are wandering around with guns looking for  something to eat?

 

 

Tue, 06/04/2013 - 03:35 | Link to Comment ebear
ebear's picture

Brains!  Must. Have. Brains!!!

Tue, 06/04/2013 - 08:46 | Link to Comment Chump
Chump's picture

By that token, in foreign country 'X' what happens to that new American fellow down the road when the JiT supply lines stop?

Tue, 06/04/2013 - 05:23 | Link to Comment PhilofOz
PhilofOz's picture

"but life here is 10X bettter than anywhere else on the globe."  That comment is just ridiculous. I swear if someone offered me a trip to the US, fully paid for, travel, hotels, the works.... I'd refuse it. I know some Filipinos that once thought the sun shone out of the arse of the USA, but after a year there they could not wait to get back home. 

Mon, 06/03/2013 - 19:23 | Link to Comment They trynna cat...
They trynna catch me ridin dirty's picture

Don't worry about all that vamoose, haven't you heard? Thanks to Chuck Schumer and co. we're going to let all 7 point 1 billion immigrate here and destroy us themselves.

Mon, 06/03/2013 - 19:59 | Link to Comment bdub2
bdub2's picture

Holder?

Mon, 06/03/2013 - 18:46 | Link to Comment yogibear
yogibear's picture

Looking juicy for lawyers too if the actor is good enough.

It's all about fraud now. Honest money is a thing of the past.

 

Tue, 06/04/2013 - 00:07 | Link to Comment Never One Roach
Never One Roach's picture
Cities where suburban poverty is skyrocketing

 

Hint: Atlanta, Austin, Salt Lake City, Las Vegas, Denver.

 

http://homes.yahoo.com/news/cities-where-suburban-poverty-is-skyrocketin...

 

gee, these cities were all on the list, "Best Places to Retire" a few weeks ago....BTW, they forgot to mention crime soaring in these cities now also.

Tue, 06/04/2013 - 04:37 | Link to Comment NidStyles
NidStyles's picture

What better way to cut losses on the eaters than to pile them all in the same area where they can tear each other apart when everything goes south.

Tue, 06/04/2013 - 03:10 | Link to Comment savagegoose
savagegoose's picture

someone should give those doods a job,

@ min wages

cleaning up spills in stupor markets,.

Mon, 06/03/2013 - 19:07 | Link to Comment Jdog
Jdog's picture

who gives a Sh** about the first 4? #1-#4 about Italy? WTF? I don't get it!

Mon, 06/03/2013 - 17:31 | Link to Comment SILVERGEDDON
SILVERGEDDON's picture

Hey you all - the stock investors downvoting the living rat fuck out of me - when you burn in your paper suits, I won't even piss on you to put out the flames.

Mon, 06/03/2013 - 17:58 | Link to Comment Herd Redirectio...
Herd Redirection Committee's picture

You just need to work on your delivery, its not the content that pissed people off.

Mon, 06/03/2013 - 18:00 | Link to Comment MillionDollarBogus_
MillionDollarBogus_'s picture

Silvergettin....

I saw the words 'down vote', and my 1st instinct was to hit your red arrow.

Sorry about that...

Mon, 06/03/2013 - 18:07 | Link to Comment derek_vineyard
derek_vineyard's picture

up vote for being a contrarian and somewhat crazy

Mon, 06/03/2013 - 19:03 | Link to Comment SILVERGEDDON
SILVERGEDDON's picture

It would be a badge of honor - a downvote from the MDB " It only costs five bucks to dig it out of the ground " kinda guy.

BUT - NEWS FLASH - Aparrently you all are the good guy MDB, not the troll dipstick. Dang.

i owe you all an apology for misidentification. 

Mon, 06/03/2013 - 21:02 | Link to Comment MillionDollarBogus_
MillionDollarBogus_'s picture

Silvergettin,

I hit your green button just then.

That evens up the score.  

Look, my friend, we are of the same ideology - I have my own small hoard of physical PM.

When paper is not worth anything more than taking the place of Indian paper, you and I will do ok.

I understand that quite well.

FYI...I created MDBogus to improve MDBonus' cred.

They post but don't stick around for follow-up comments.

I thought I would fill that void.

 

Mon, 06/03/2013 - 17:35 | Link to Comment Praetorian Guard
Praetorian Guard's picture

If the US fails, the rest of the world is going with it. PM's are not going to help you when JiT shuts down and commods that require your everyday survival become scarce - protectionism, decreased imports, exports, price controls, etc. People will want to trade commod for commod, not PM's or any other type of wealth medium. If what this article infers comes to pass, you will have better odds with copper and lead... war will come, riots, and the have nots going ape shit. PM's will not be a safe haven in the event of a total collapse... most "studies" indicate that during a collapse, unrest takes hold. If order cannot be restored within a "set period of time" things decay rapidly, and exponentially so as time progresses. It does become Mad Max... PM's will only hold their "wealth" if things improve and certain scenarios can be avoided. In which case, you make money, via FRN's. You cannot have it both ways, "total collapse + PM's = your salvation", is not possible, nor will happen...

Mon, 06/03/2013 - 18:13 | Link to Comment BoNeSxxx
BoNeSxxx's picture

           "most "studies" indicate that during a collapse, unrest takes hold."

That's just plain funny stuff right there...

But, to your point (and you have one), PMs can't hurt either.  If you can afford them, they will likely see you through on the other side better than whatever FRNs were in your wallet before the shit show came to town.

As an aside, my 100 year-old grandmother lived through the great depression living on the Hudson about 2 hours north of NYNY. I asked her about it once and here is her response: "We were fine.  We had 5 acres, a cow, and some chickens.  We didn't get fancy birthday presents but we never went hungry".

Think about that for a minute.  5 acres, a cow and some chickens... not bad advice under any circumstances.

Mon, 06/03/2013 - 18:17 | Link to Comment Praetorian Guard
Praetorian Guard's picture

No its not funny. I was purposely being general, I cannot post specifics... I agree on the land. My grandfather experienced the same thing during the depression, they were never without food on their farm.

Mon, 06/03/2013 - 20:18 | Link to Comment El Oregonian
El Oregonian's picture

Same story here, my family lives in Southeastern Arizona/New Mexico territory and had ranches and farmland. They lost most of their money during the Depression because of bank failures and learned from that experience to NEVER trust 1). Your Governments and 2). Your banking and financial institutions. They did their own "Under the Mattress" banking, relied on family/ friends through the barter system. And paid cash for everything. They eat meat, lamb, pork, chicken, milk, cheese, eggs, wine, from their cattle, hogs, sheep, goats, chickens, and grapes.

They learned self-sufficiency through ingenuity, guile, and hard work.

Above and beyond all else. Never, I mean NEVER trust the government for ANYTHING. Period.

 

Lesson Learned.

Mon, 06/03/2013 - 22:31 | Link to Comment EINSILVERGUY
EINSILVERGUY's picture

So I keep hearing the apocalyptic outcome will become the reality. Im not so sure. I'm prepping like a lot of people but what happens if the global economy collapses.  Unless war breaks out I don't see the Mad Max scenario playing out.

The US still has the strongest military so an attack from outside is unlikely if the entire worlds economy sinks.  

What we wont' be doing is buying a lot or crap from China so we would then end up relying on continued basic trade with Mexico and Canada. (Agri and Energy)

Oil demand prior to 2007 was around 18 million barrels per day. Now I think its back around 19mm.  We produce around 6.5mm per day so unless Mexico and Canada and Venezuela step up, we would have serious issues until we can transition to LNG and refire those Coal plants  

We are still the bread basket of the world so we could probably feed ourselves first. Probably be shortages until enough people transition back to an agrarian society. In 1900 80% of the people were rural and 20% urban.  Today its flipped.

The $64K question and the biggest risk, is the chronic unemployed and EBT recipients who aren't going to be happy having to actually take any job to earn their keep. It could very well be the Great Gatsby/Grapes of Wrath  revisit which if we can survive the first 5 years, might eventually stabilize.

If we can stay out of war and manage the welfare zombie populations, we might really struggle but maybe get back to a basic lifestyle. Many people will return to becoming self reliant, focus on their community and get back to basics, (screw the status symbols, Mcmansions, cars, technology devices, DWTS and the Kardashians). You might even find the traditional values of this country returning and people recalibrate their lives.

Granted it may be wishful thinking but who knows

Hoping for the best and preparing for the worst.

 

 

Tue, 06/04/2013 - 01:39 | Link to Comment walküre
walküre's picture

We are still the bread basket of the world

Monsanto GMO wheat. Thanks but no thanks.

Great Gatsby/Grapes of Wreath was in a time when America was a much more homogenous culture.

When the wheels come off now almost 100 years later, you don't even know what language your potential killers and savages are speaking. America is full of people who are proud descendants from a heritage where a man's life has absolutely no value. They will kill you for a slice of bread and not even bat an eye.

America is not any better than your average Central American or Central African shithole. Canada's remote communities are a better place to take cover and ride it out.

Tue, 06/04/2013 - 02:29 | Link to Comment Kirk2NCC1701
Kirk2NCC1701's picture

+1 cause your up arrow won't work for me.

Yeah, Canucks like Americans. But only the well-mannered, soft spoken type. Not the arrogant, loud-mouthed or rude types. But that's the same the world over, I guess.

There gotta be at least a couple million Canucks in the US, whose ties here are so strong, that even if they went back to Canada in your SHTF (Snow Hits The Fan) scenario, that they'd be quite neighbo(u)rly to welcome their American cousins in an hour of need.

You could teach them how to shoot/hunt, and they'd teach you to ice fish and play hockey.
;-)

Tue, 06/04/2013 - 05:48 | Link to Comment fuckitall
fuckitall's picture

"It could very well be the Great Gatsby/Grapes of Wrath  revisit which if we can survive the first 5 years, might eventually stabilize."

I believe govt will keep things together long as possible, even via martial law if needed.  Implementing their soviet style police state requires a more or less stable society.  If it all falls apart they lose their #1 thing, control.

Or maybe not.  Maybe they're holding things together long enough to finish looting the nation, then let it all fall apart after they're long gone.  Lots of evidence this might be the plan.  Trillions of dollars being printed and given to a few banks, plus some to the govt for playing along.  Could well be the final looting of America then top dogs flee on their private jets to who knows where with trillions of looted wealth quietly turned into commods before USD goes into the shitter.

Sorry, but I don't see America recovering from currency collapse in 5 yrs, not even 10 yrs, not ever actually.  Has Zimbabwe recovered?  No, it's still anarchy. 

Bring in new currency, backed by "full faith and credit of US govt"?  Who would trust it?  Nobody, not after watching their US treasury bonds go worthless.  Nobody would sell American anything, and no business in America would accept the new currency, "worthless as a Continental" would apply once again.

Yep, if the dollar dies, America dies, not temporarily, permanently, dropping from 1st world to 3rd world and staying there.  Maybe there would be little rural pockets of something resembling normal life, but most of the nation would be anarchy, cities would be war zones with massive death. 

Their soviet style police state plan would fail, if that's any consolation.

Yep, it appears govt's plans and bankers' plans are quite different.  Govt wants their soviet style police state, but it requires a stable currency.  Bankers wana loot the nation dry otherwise they wouldn't be doing QE, printing the dollar right into the toilet.

Bankers always win of course, govt has no power over the Fed, they're totally dependent on Fed's printing press, so it looks like we're headed for currency collapse and anarchy.  Govt thinks it'll be opportunity to roll out their soviet style police state, but currency collapse will cut it short ...if that's any consolation.

Smartest thing govt could do is end the Fed, confiscate its assets, seize all the big banks, confiscate their assets, prosecute the leaders, seize all their personal assets, and maybe come up with enough real assets to back a stable new govt-issued currency.  It's their only hope.  

But they'd have to live within their means, just taxes, even if taxes were sky high.  No more open-ended borrowing because there would be no more open-ended printing and currency debasement.  The currency must be stable to implement any of their big plans going forward.

And yes it would work.  Americans would pay 70% taxes.  They're sheep.  They'd pay 90% and live like paupers to have a stable society.

But wrestling control away from bankers would be the challenge.  Bankers have always won in the past. 

Tue, 06/04/2013 - 08:34 | Link to Comment BoNeSxxx
BoNeSxxx's picture

Excellent take on the situation AND the cure.

Problem is Kennedy was the last CIC with even a hint of the gonads to speak of it.

Aside from a handful of possible exceptions, all politicians are the ventriloquist dummies of the banker class.

Mon, 06/03/2013 - 17:54 | Link to Comment SILVERGEDDON
SILVERGEDDON's picture

I guarantee you that silver will be a more barter friendly item than a FRN dying of inflation-itus at a thousand percent a day - coming soon to a neighborhood near you.

That has been the mo of every paper currency collapse since the dawn of time.

Water, food, a meands of hanging on to both, goods to trade, metals as the ultimate inflation proof form of currency that folks trust to have value. 

The only useful paper will be toilet paper. 

Mon, 06/03/2013 - 18:20 | Link to Comment Praetorian Guard
Praetorian Guard's picture

None of those "place holders" will have any substance in a full blown collapse. Inflation proof? Inflation from what, once the fiat dies? Your reference to PM's being the method since the "dawn of time" really has no substance or anchor in today's global hegemony...

Mon, 06/03/2013 - 21:09 | Link to Comment MillionDollarBogus_
MillionDollarBogus_'s picture

Pretendorian...

When I was buying a lot of physical silver a few years ago, my wife asked why I thought it would keep its value.

I went through my library and found a history book of ancient Greece that had some nice illustrations of their earliest silver and gold currency.

End of story.

My advice to you, my friend, is to stockpile whatever you think will be usefull in years to come. 

Mon, 06/03/2013 - 18:56 | Link to Comment vamoose1
vamoose1's picture

regrettably  true      you  thank  god   for  a  long  life   and   find  a  high   bridge

Mon, 06/03/2013 - 21:29 | Link to Comment Errol
Errol's picture

Praetorian, research commerce in Kampuchea after Pol Pot had done his "reforms" and the Vietnamese had deposed him.  Of course Pol Pots paper money was totally valueless.  The country was almost back to the Stone Age: ox carts, bicycles, foreign trade conducted via smugglers on motorcycles.  Sure, barter was the general rule, but EVERY merchant had a balance (scales) and a touchstone.  People used single links snipped from gold chains, cut fractions of rings, etc.  Barter is very inefficient; that's why people invented money in the first place.  Gold is the surest medium of exchange, period. 

Mon, 06/03/2013 - 23:36 | Link to Comment Never One Roach
Never One Roach's picture

<<PM's are not going to help you>>

 

There's plenty of refugees buying their way out of Syria right now with gold coins and jewelry---bribing soldiers guarding the roads who let them pass for a gold coin...very similar to the Pol Pot refugees back when they bribed their way out to Vietnam then to China and then onto Canada, USA, etc.

 

My neighbor is a living testiment to that.

Mon, 06/03/2013 - 18:19 | Link to Comment Newager23
Newager23's picture

I'm a futurist and have been studying the future since 1989. How do you study the future? Well, I use an array of sources, many of which are discounted as fantasy. For instance, I'm a metaphysical writer so I read a lot of channeled material. But I also study history and trends, politics, and global economics. My point is that I use a vast diverse set of data to come to my conclusions.

One thing those in the newage movement are aware of is that we are approaching a major shift. This shift has been foretold by many sources. In fact, I started coming across these sources in the early 1990s and the material has only increased over time. This shift foretells a collapse of the global economic system, but it is not all doom and gloom. The eventual outcome is that of peace and spiritual awakening throughout the planet.

But, back to the doom and gloom. Yes, we are quickly approaching this collapse. We are currently in a countdown. I think everyone on this site is becoming aware of this. I have been aware of this countdown for more than a decade. It is eventual and cannot be stopped now. The timelines for its unfoldment appears to be nigh. I think it will be 2013, although the spring of 2014 could be the start. Once it begins the changes will come fast and furious. 

I think we all know how this plays out. The financial system begins to hemorage, leading to a crash in the stock market, followed by mass layoffs. Those three events are coming, and when they do our way of life will slowly slip away. Government spending will slow and when it does, local economies will slow. Then there will be a negative feedback loop leading to more layoffs. This will lead to a crash in housing and fewer people can pay their mortgages or buy a new home. Then it we head down the slope of no return. Texas secedes followed by martial law in many of our major cities.

If you think that scenario is fantasy, then get ready for a shock. Because it is coming.

Got Gold?

Newager

Mon, 06/03/2013 - 18:37 | Link to Comment Praetorian Guard
Praetorian Guard's picture

Fuck gold... got ammo, food and water (and a secure location, class iv armor...)...

I agree with everything you posted with the exception of peace and spiritual awakening... at least not immediate, and if it does (and slim "does") occur, it will be a long time out... the thing you do not take into consideration is domestic and foreign Final Option / CooG contingencies... if it degrades to war, many will use what is at their disposal... however, before this may or may not become an event, the biggest issue facing nations is domestic citizenry and loss of stability.  

Mon, 06/03/2013 - 19:05 | Link to Comment jbvtme
jbvtme's picture

see david wilcock and trevor constable.  pole shifts and precession coming at ya

Mon, 06/03/2013 - 22:30 | Link to Comment willwork4food
willwork4food's picture

@Praetorian

What he said is pretty spot on. I agree with your premise concerning CoG which will also include the wealthy whom will have guarded cities to protect what former visages of normalcy they can. Those enclaves will be scattered throughout the land in a collapse and MIGHT accept people with talent,food, ammo and..gold. Ever read American Apocolypse by Nova? One of the most realistic horrifying books written about the possible collapse...and it won't be pretty.

What will you be  protecting? Yourself and your family? Maybe a few friends and their family? No gold, but..then what are you protecting? Your family? Got food? Got any cute daughters? Yum .

 You guys BETTER have a SHITLOAD  of ammo. The first and second wave wont get you. But the next few will be war seasoned, better armed (from the dead they killed) hungry, horny and hungry. They hear shots from 5 miles away they'll know that someone has something valuable they want to defend...and you are fucked...along with the others, preferably after you die.

Tue, 06/04/2013 - 01:09 | Link to Comment tsx500
tsx500's picture

wtf man thanx for totally ruining my buzz            ;>)

Tue, 06/04/2013 - 03:23 | Link to Comment IridiumRebel
IridiumRebel's picture

The other day you gave me the "chill man!"
Now it's your turn.

Tue, 06/04/2013 - 05:03 | Link to Comment NidStyles
NidStyles's picture

Ask any combat Vet, he will tell you that you should start your load out with a good solid knife, and a backup for it.

Tue, 06/04/2013 - 08:47 | Link to Comment willwork4food
willwork4food's picture

Well said. That and a 24  hour guard everyday and every night..just like the old days.

Mon, 06/03/2013 - 19:03 | Link to Comment vamoose1
vamoose1's picture

  dead right  sir           tragic   but  true

Mon, 06/03/2013 - 20:21 | Link to Comment AGuy
AGuy's picture

" The eventual outcome is that of peace and spiritual awakening throughout the planet."

10 Thousand reasons why your wrong. There are 10 thousand Nukes with a finger on the trigger. When one goes off, there will be many more to follow. Keep an eye on the middle east: Iran, Isreal, Pakastan. The World plays Nuclear Russian Roulette every year and the trigger gets pulled more frequently every year. Its just a matter of time.

Perhaps there will be peace after Humanity destroys itself.

Tue, 06/04/2013 - 02:43 | Link to Comment Kirk2NCC1701
Kirk2NCC1701's picture

In that case, the wisdom of the Georgia Guide Stones will be of more value than the religions of intolerance that led to a nuke winter.

That's a hard truth pill to swallow, I admit.

Tue, 06/04/2013 - 09:36 | Link to Comment shovelhead
shovelhead's picture

Why not read chicken entrails?

And they're easy to swallow.

Mon, 06/03/2013 - 18:25 | Link to Comment SRSrocco
SRSrocco's picture

Part of the reason why the world is in such a mess is from ZOMBIE BANKS that run the show.  Its due to CHARLATANS, CUT-THROATS and TWO-BIT ANALYSTS that have turned everything upside down:

THE GREAT BAMBOOZLE: Selling Garbage For a Premium


http://srsroccoreport.com/the-great-bamboozle-selling-garbage-for-a-prem...


 

Mon, 06/03/2013 - 22:04 | Link to Comment Herd Redirectio...
Herd Redirection Committee's picture

We live in a "trust the experts" society, and meanwhile, all the 'top' experts are bought and paid for shills.

Mon, 06/03/2013 - 22:44 | Link to Comment caimen garou
caimen garou's picture

I read that artical on your site SRS, great job!

Mon, 06/03/2013 - 19:45 | Link to Comment gatorengineer
gatorengineer's picture

Thought Number 19 was either US home prices have recovered, US consumer confidence all time high, or perhaps, Benny has printer ink and isnt afraid to print the US out of existance.  BTFD......

Mon, 06/03/2013 - 22:55 | Link to Comment TuPhat
TuPhat's picture

I used to buy copper, lead and brass as much as I could, but they are mostly unavailable now.

Mon, 06/03/2013 - 16:53 | Link to Comment I am more equal...
I am more equal than others's picture

Excellent, and I just purchased a Porsche on credit.  Damn! Just my luck.

Mon, 06/03/2013 - 16:57 | Link to Comment Son of Loki
Son of Loki's picture

<a Porsche on credit>

 

Excellent move! I hope ur nota sucker & planning to pay for it.

Mon, 06/03/2013 - 17:15 | Link to Comment King Nothing
King Nothing's picture

If I could get 100k in gold on credit I would, and my credit score would suffer quickly.

Debt Collector: "Where is the secured debt money"

Me "oh I can't afford it sir"

Debt Collector: "Where is the collateral"

Me: "I must have misplaced it, would you like my shirt instead, its all I got left"

Mon, 06/03/2013 - 17:33 | Link to Comment SILVERGEDDON
SILVERGEDDON's picture

Tell the debt collector you re-hypothecated the collateral to a needy third world country.

Mon, 06/03/2013 - 18:23 | Link to Comment Stuck on Zero
Stuck on Zero's picture

I say you tell the debt collector that it sank.

 

Mon, 06/03/2013 - 19:14 | Link to Comment neidermeyer
neidermeyer's picture

Just stage a burglary or tell them you sold it to buy meth... 

Mon, 06/03/2013 - 17:16 | Link to Comment SamAdams
SamAdams's picture

Double plus good!

Mon, 06/03/2013 - 17:31 | Link to Comment Rainman
Rainman's picture

yes,,,only 18 black swans. What else they got ?

Mon, 06/03/2013 - 17:30 | Link to Comment 1100-TACTICAL-12
1100-TACTICAL-12's picture

I used to tell my buddy, If we can't still snort through a $!00 after the hooker is paid... no need to even start.

Mon, 06/03/2013 - 18:48 | Link to Comment yogibear
yogibear's picture

Get out of the country and claim it was stolen. Nice insurance claim.

Mon, 06/03/2013 - 18:03 | Link to Comment Dugald
Dugald's picture

Excellent, and I just purchased a Porsche on credit. Damn! Just my luck.

Janice will not be pleased,

Another Rolls Royce please!!!

Mon, 06/03/2013 - 19:21 | Link to Comment neidermeyer
neidermeyer's picture

There are a few "high end" buy-here-pay-here lots in my city ,,, the nice thing is they don't check or report credit .... they're not banks so they cannot legally charge interest ... the deal is they just build it into the price ,, you pay $30k for a $22k used Benz for instance... so you could "buy" a car at each one and just hide it ...

Mon, 06/03/2013 - 16:53 | Link to Comment They trynna cat...
They trynna catch me ridin dirty's picture

Who cares about all that, everyone I know is busy talking about "Game of Thrones."

Mon, 06/03/2013 - 17:26 | Link to Comment DeadFred
DeadFred's picture

What else is there to talk about, Dancing With the Stars is over? :(

At least Kellie won! :)

Mon, 06/03/2013 - 18:05 | Link to Comment Herd Redirectio...
Herd Redirection Committee's picture

GoT is decently entertaining, but its mainly for people with no knowledge of (or interest in) history.

Dothraki = Mongol hordes

The Wall = Hadrians Wall

Dragons = Cannon/Gunpowder

Then there are the stereotypical rulers, the indulgent, slothful old king, the inexperienced, brutal (overcompensating) young king.  

Mon, 06/03/2013 - 19:04 | Link to Comment Blano
Blano's picture

I've seen the name, but I have no idea what she does/did.  Not gonna look it up either. 

Mon, 06/03/2013 - 20:38 | Link to Comment spankfish
spankfish's picture

Who is Kellie?

Mon, 06/03/2013 - 21:34 | Link to Comment robertocarlos
robertocarlos's picture

Kellie Pickler.

Tue, 06/04/2013 - 02:52 | Link to Comment Kirk2NCC1701
Kirk2NCC1701's picture

Kellie & Derek... deserving winners. Great talent, amazing work ethic and healthy attitudes. Congrats to both.

Easy on the eyes too, Kellie that is. ;-)

Mon, 06/03/2013 - 17:43 | Link to Comment thatthingcanfly
thatthingcanfly's picture

I'm just glad I get to keep seeing that big-boobed chick in the purple top on the Chinese Women Dating ad every time I read ZeroHedge. All is well! Nothing can get me down. Whee!

Mon, 06/03/2013 - 19:06 | Link to Comment Blano
Blano's picture

I also get the Japanese, Latina, Ukranian and Fitness Singles sites, so clearly I'm hotter than you are.  Or more desperate.

Mon, 06/03/2013 - 19:34 | Link to Comment thatthingcanfly
thatthingcanfly's picture

Oh yeah, well, I bet you don't get gaydude.com ads, or men2men dating; so clearly I'm hotter. Umm, wait... ahh, nevermind. What was that about Ukranian Women and fitness singles? Yeah, that's hot. I get those too!

Mon, 06/03/2013 - 19:45 | Link to Comment Diogenes
Diogenes's picture

I get the T shirt models with big tits because I click on them once in a whle.

Mon, 06/03/2013 - 20:14 | Link to Comment mt paul
mt paul's picture

i get fork lift adds

 

google must have read

my bullion moving posts

Mon, 06/03/2013 - 23:07 | Link to Comment TuPhat
TuPhat's picture

I get ads for infrared thermometers.

Tue, 06/04/2013 - 03:40 | Link to Comment Likstane
Likstane's picture

.

Tue, 06/04/2013 - 10:05 | Link to Comment Cult of PersonALity
Cult of PersonALity's picture

I get ads for golf clubs and highwian vacations.

Mon, 06/03/2013 - 16:53 | Link to Comment espirit
espirit's picture

Too much money, chasing too few assets.

This will end badly.

Mon, 06/03/2013 - 16:54 | Link to Comment Coast Watcher
Coast Watcher's picture

Jeez, tell us something we don't know.

Mon, 06/03/2013 - 16:55 | Link to Comment SilverRhino
SilverRhino's picture

Silver bitchez!!! Pushing the Titanic up a fucking tidal wave can't go on forever.  

Mon, 06/03/2013 - 16:56 | Link to Comment fonzannoon
fonzannoon's picture

enough with these "20 signs you may be a redneck" articles. You would think this guy was writing an economic collapse blog or something.

Mon, 06/03/2013 - 16:58 | Link to Comment The Shootist
The Shootist's picture

The end is nigh! The Amercan public's waking up from their comatose! Or not.

Mon, 06/03/2013 - 17:06 | Link to Comment Pareto
Pareto's picture

While I "get" the argument - they will pull a million other QE tricks out of there ass before this "ends."  The insanity, in my opinion, is just getting warmed up.

Mon, 06/03/2013 - 17:09 | Link to Comment fonzannoon
fonzannoon's picture

the question is not whether they will keep dumping on the QE, they will. The question is when will people finally understand where that ends. I think we are actually getting there.

In the meantime, I can't wait to hear the Jackson hole schedule of events. My guess is they do a "best of the fed" that day and replay old sound bytes to rock music.

Mon, 06/03/2013 - 17:38 | Link to Comment kito
kito's picture

ok fonz, lately im sensing you are sensing that we are getting near the end of this non-sensical system...........update me, what is your latest thought pattern? and is it THE end??? and what does that even mean? 

Mon, 06/03/2013 - 17:51 | Link to Comment fonzannoon
fonzannoon's picture

I doubt there is an end, unfortunately. I think we are just setting up for a market skank. Same as it ever was. Get everyone penned in, nice and complacent, get positioned correctly and send them running. Maybe shave off a good 20% or so. Rake the pot.

The Bernanke/Jackson hole dynamic is interesting and all. But talking to a lot of people, they don't believe there is another way. They don't pitch me cash or gold or anything outside the system. They will just continue playing on the railroad tracks because they don't know what else to do.

So in that regard I will just keep doing what I am doing and hope I can keep hanging in.

Mon, 06/03/2013 - 19:38 | Link to Comment kito
kito's picture

shaving off 20% is not much of anything.....nothing that historically would be out of the norm for a market correction....so you are saying no 2008 event in the near future? no zombies??? no moment where the currency is on fire (literally?)....you are saying there will be no reset???...im not following you fonz.....

Mon, 06/03/2013 - 20:15 | Link to Comment fonzannoon
fonzannoon's picture

i'm saying it comes in stages. Thats all. But this is the key kito. This is the most important thing I will ever say to you. make sure to remember this because many of my comments may seem to contain an element of self assurance,

I have no idea what the hell i am talking about.

Mon, 06/03/2013 - 18:10 | Link to Comment tradebot
tradebot's picture

These policies probably won't end until "Joe Bag-a-donuts" can no longer afford to pay for his wife's house, send his kids to school, pay the light bill etc...only then will old Joe wake up from his nap and say, WTF.  Until Joe gets it, we will continue.  Or else we have to wait for that "next big thing" to shock the system.

Mon, 06/03/2013 - 17:07 | Link to Comment nowhereman
nowhereman's picture

Hey, if you want to know what America is really thinking just watch Maury Povich

Mon, 06/03/2013 - 18:05 | Link to Comment ebworthen
ebworthen's picture

Penis implants or my Cousin's Uncle is my Sugar Daddy?

Mon, 06/03/2013 - 17:07 | Link to Comment max2205
max2205's picture

Looks like Graham Summers is using another name to post under

Mon, 06/03/2013 - 17:46 | Link to Comment kito
kito's picture

haha.......dont pick on graham....he is tylers "special" little brother................

Mon, 06/03/2013 - 17:07 | Link to Comment reader2010
reader2010's picture

its not gonna hold any water.

Mon, 06/03/2013 - 17:07 | Link to Comment apberusdisvet
apberusdisvet's picture

We'll know the end is close when 1000s of UN troops start appearing in the US.

Mon, 06/03/2013 - 18:06 | Link to Comment Accounting101
Accounting101's picture

Oh Christ! The end is close when the above comment receives up arrows.

Tue, 06/04/2013 - 04:24 | Link to Comment AKrandy
AKrandy's picture

The UN wouldn't even protect the Tutsi's in Rwanda and all the Hutu's had was machetes, so are you still worried about the "crack" UN troops?

p.s. I paint all my targets light blue :)

Tue, 06/04/2013 - 05:51 | Link to Comment andrewp111
andrewp111's picture

If they are Chinese, Nork, and Iranian troops in UN uniforms, you bet I'm worried! The only way they will be coming here is there are lots of big incandescent mushroom clouds first.

Mon, 06/03/2013 - 17:08 | Link to Comment q99x2
q99x2's picture

Perfect reasons for taking an Art appreciation class over summer school.

Mon, 06/03/2013 - 18:06 | Link to Comment Oldwood
Oldwood's picture

Well, Pelosi said that if they passed Obamacare that I could quit my job to become an artist if I wanted, and you would have to pay for my health insurance. Actually I was thinking of going into exotic dancing if the benefits are the same. That should pretty much kill off most of the weak and old if they saw that!

Mon, 06/03/2013 - 17:09 | Link to Comment Cult of Criminality
Cult of Criminality's picture

The sheep have been drinking the Kool-aid

they have been getting penned up since 1913

Soon the gate will close........then

 

SHEARING TIME

Mon, 06/03/2013 - 18:03 | Link to Comment Oldwood
Oldwood's picture

We hope. I fear its the meat they are after more than the wool. I've been clipped for years but have noticed in recent years they cut closer to the skin, occasionally drawing a bit of blood.

lamb chop

Mon, 06/03/2013 - 19:39 | Link to Comment Diogenes
Diogenes's picture

You can fleece the sheep every year but you can only skin them once.

Mon, 06/03/2013 - 19:16 | Link to Comment They trynna cat...
They trynna catch me ridin dirty's picture

"The most precious asset we possess is freedom.  The easiest way to lose one's freedom is to go into receivership, meaning economic receivership, because a receiver is a dictator.  To the degree that we employ the costs and the burdens of government that lead us in the direction of further debt, ultimate receivership, and then the political consquence of the imposition of the political dictator over the economic and the job and the living rights of the individual, maybe the industrialists can see farther down the pike as to the consequence of all this." - Robert Galvin, former chairman of Motorola

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