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20 Early Warning Signs That We Are Approaching A Global Economic Meltdown
Submitted by Michael Snyder of The Economic Collapse blog,
Have you been paying attention to what has been happening in Argentina, Venezuela, Brazil, Ukraine, Turkey and China? If you are like most Americans, you have not been. Most Americans don't seem to really care too much about what is happening in the rest of the world, but they should. In major cities all over the globe right now, there is looting, violence, shortages of basic supplies, and runs on the banks. We are not at a "global crisis" stage yet, but things are getting worse with each passing day. For a while, I have felt that 2014 would turn out to be a major "turning point" for the global economy, and so far that is exactly what it is turning out to be. The following are 20 early warning signs that we are rapidly approaching a global economic meltdown...
#1 The looting, violence and economic chaos that is happening in Argentina right now is a perfect example of what can happen when you print too much money...
For Dominga Kanaza, it wasn’t just the soaring inflation or the weeklong blackouts or even the looting that frayed her nerves.
It was all of them combined.
At one point last month, the 37-year-old shop owner refused to open the metal shutters protecting her corner grocery in downtown Buenos Aires more than a few inches -- just enough to sell soda to passersby on a sweltering summer day.
#2 The value of the Argentine Peso is absolutely collapsing.
#3 Widespread shortages, looting and accelerating inflation are also causing huge problems in Venezuela...
Economic mismanagement in Venezuela has reached such a level that it risks inciting a violent popular reaction. Venezuela is experiencing declining export revenues, accelerating inflation and widespread shortages of basic consumer goods. At the same time, the Maduro administration has foreclosed peaceful options for Venezuelans to bring about a change in its current policies.
President Maduro, who came to power in a highly-contested election last April, has reacted to the economic crisis with interventionist and increasingly authoritarian measures. His recent orders to slash prices of goods sold in private businesses resulted in episodes of looting, which suggests a latent potential for violence. He has put the armed forces on the street to enforce his economic decrees, exposing them to popular discontent.
#4 In a stunning decision, the Venezuelan government has just announced that it has devalued the Bolivar by more than 40 percent.
#5 Brazilian stocks declined sharply on Thursday. There is a tremendous amount of concern that the economic meltdown that is happening in Argentina is going to spill over into Brazil.
#6 Ukraine is rapidly coming apart at the seams...
A tense ceasefire was announced in Kiev on the fifth day of violence, with radical protesters and riot police holding their position. Opposition leaders are negotiating with the government, but doubts remain that they will be able to stop the rioters.
#7 It appears that a bank run has begun in China...
As China's CNR reports, depositors in some of Yancheng City's largest farmers' co-operative mutual fund societies ("banks") have been unable to withdraw "hundreds of millions" in deposits in the last few weeks. "Everyone wants to borrow and no one wants to save," warned one 'salesperson', "and loan repayments are difficult to recover." There is "no money" and the doors are locked.
#8 Art Cashin of UBS is warning that credit markets in China "may be broken". For much more on this, please see my recent article entitled "The $23 Trillion Credit Bubble In China Is Starting To Collapse – Global Financial Crisis Next?"
#9 News that China's manufacturing sector is contracting shook up financial markets on Thursday...
Wall Street was rattled by a key reading on China's manufacturing which dropped below the key 50 level in January, according to HSBC. A reading below 50 on the HSBC flash manufacturing PMI suggests economic contraction.
#10 Japanese stocks experienced their biggest drop in 7 months on Thursday.
#11 The value of the Turkish Lira is absolutely collapsing.
#12 The unemployment rate in France has risen for 9 quarters in a row and recently soared to a new 16 year high.
#13 In Italy, the unemployment rate has soared to a brand new all-time record high of 12.7 percent.
#14 The unemployment rate in Spain is sitting at an all-time record high of 26.7 percent.
#15 This year, the Baltic Dry Index experienced the largest two week post-holiday decline that we have ever seen.
#16 Chipmaker Intel recently announced that it plans to eliminate 5,000 jobs over the coming year.
#17 CNBC is reporting that U.S. retailers just experienced "the worst holiday season since 2008".
#18 A recent CNBC article stated that U.S. consumers should expect a "tsunami" of store closings in the retail industry...
Get ready for the next era in retail—one that will be characterized by far fewer shops and smaller stores.
On Tuesday, Sears said that it will shutter its flagship store in downtown Chicago in April. It's the latest of about 300 store closures in the U.S. that Sears has made since 2010. The news follows announcements earlier this month of multiple store closings from major department stores J.C. Penney and Macy's.
Further signs of cuts in the industry came Wednesday, when Target said that it will eliminate 475 jobs worldwide, including some at its Minnesota headquarters, and not fill 700 empty positions.
#19 The U.S. Congress is facing another deadline to raise the debt ceiling in February.
#20 The Dow fell by more than 170 points on Thursday. It is becoming increasingly likely that "the peak of the market" is now in the rear view mirror.
And I have not even mentioned the extreme drought that has caused the U.S. cattle herd to drop to a 61 year low or the nuclear radiation from Fukushima that is washing up on the west coast.
In light of everything above, is there anyone out there that still wants to claim that "everything is going to be okay" for the global economy?
Sadly, most Americans are not even aware of most of these things.
All over the country today, the number one news headline is about Justin Bieber. The mainstream media is absolutely obsessed with celebrity scandals, and so is a very large percentage of the U.S. population.
A great economic storm is rapidly approaching, and most people don't even seem to notice the storm clouds that are gathering on the horizon.
In the end, perhaps we will get what we deserve as a nation.
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For years I have known the economy is running on illusion, but the puppetmasters keep the baloon floating. Each year I think it can not go on but it does. I feel america is hollowed out with only a painted shell of a movie set still here. I just came back from a business trip in Las Vegas and did not see any public Elvis impersonators, or high rollers. Even the street performers were just destitute people with low budget self made outfits.
I am saddened by that
Close Goldman Sachs and JP Morgan. Arrest Loyd Blankfein and Jamie Dimon.
A great First Step.
Don't arrest them, hang them. They'll just hire one of their faux-Hebrew/Khazarian/Babylonian criminals with a license to destroy that will get them off by bribing a 33rd degree masonic judge.
HANG THEM!!!
Ukraine is a big story, it seems this time all the old issues have finally bubbled to the surface. Ukraine is not a united nation, it is ethnic Ukrainian, Pole, Russian, Jew and others. Religion is split, the west Catholic like Poland, the East Orthodox like Russia. In history these forces have fought for centuries in the west Ukraine. Going back far enough, Lithuania held most of these lands in the west, at one time Poland held most of these lands and later Russia held most of these lands. There in no unity there. I see civil war coming, it may already be here. Two Jews have been sorted out by the right wing already. Even Israel has noted the threat to Jews. While Russia is accused of many things, basically they are not on the gound involved like Poland and the EU are. The west Ukraine is in open revolt against the elected government in Kiev, the East is passive to a degree. The anti government forces are active in the east, already attacking government buildings, IF the pro government people in the east come out to confront these revolutionary forces, then that would set in motion the first shots in a civil war. The EU is very active in support of the pro western elements, but they do not hold an absolute majority, nor do the pro government people. That is why I say civil war is coming. A split would give Russia a new republic the east Ukraine, and the EU could not stop this. The west Ukraine would join the EU and NATO, people would move to their side of the line. That is the result, if this continues. The EU talks big, but Russia will NEVER let NATO take the pro Russian East Ukraine, this is a fact, I mean never, nuclear weapons would go off before a NATO troop stood on East Ukrainian ground. As for the west, Moscow would not like it to be in NATO, but would not fight over that. The EU could absorb West Ukraine and they would have another economic sick man to contend with. East Ukraine as part of the Russian economic unit would prosper relative to where they are at now.
Ukrainian people don't want the EURO, but the NAZI's will force them to have the EURO.
One UKRANIAN man controls almost 70% of BITCOIN MINING.
[ I really think that the NSA/CIA gave UKRAINE the BITCOIN MINING franchise as a CARROT to GO FULL RETARD NAZI, aka EURO ]
Yep, ... watch UKRAINE, cuz right now its the NAZI Achilles heal, sort of like SYRIA was a few months ago.
If PUTIN win's this one, ... then that's TWO IN A ROW for PUTIN.
One UKRANIAN man controls almost 70% of BITCOIN MINING.
it would really fucking interesting to see a global map of the miners and how the processing power (and thus the security of the blockchain) is distributed.
of course if your claim is correct (and i suspect that it is at the least something similar), then we'll never see that map.
i am sure Superman can stop that ONE man.
Hey, Russia can use "R2P" just like the US did in Libya.
Ukraine will not leave the Russian orbit either by choice or by the Red Army.
Long Russian tanks.
Natural gas, bitchez.
ZH ... House of doom
Having watched and participated here for a good while there is no doubt there is a significant doomer mentallity, which I largely agree with. The problem is timing and I am in no way smart enough to fogure that out, but....if i were to try and time it, i believe in the contrarian indicators. When enough people here start to suggest a collapse will never happen, mostly because it hasn't happened yet, it tells me the end is near. As someone who always buys at the top and sells at the bottom, I have been thinking of buying back into the market (even though I swore I never would) , another strong sign. I have also pretty much abandoned any idea of accumilating PMs, so again, they are bound to rise considerably. Lastly, my business has sucked for the last four years and I have been strongly considering giving up, but in the last three weeks we have been either contracted or strongly requested for more work than I have seen in years. Now that my friends, scares the shit out of me. My business has always been a contrary indicator. 2009 wass my best year ever and only took a serious downturn once they claimed the economy was in recovery. Take ot for what its worth but I think the end is near!
Snyder really should work for buzzfeed with his obsession for these fucking lists.
"Everyone wants to borrow and no one wants to save,"
Well, duh? Save in gumnut currency? Why?
Better to borrow the max and buy "real" stuff. Oh, and a boat.
"All over the country today, the number one news headline is about Justin Bieber. The mainstream media is absolutely obsessed with celebrity scandals, and so is a very large percentage of the U.S. population."
Wakey Wakey!
Eggs and OH SHIT! That rampant narcissism is about to get kicked in the fuckin nuts. Got food stored?
Better stock up on premium sukiyaki sauces and as many pounds of dried shit-ache mushrooms you can find. Because importing them from Japan could get awfully expensive.
i'm seriously long atlantic seaweed. great thing about dried seaweed is that it stores indefinitely and you can't beat for the nutritional punch.
as far as shit-aches go, GYO
fungiperfecti.com
Well, here is another one...
Over the past couple of years I have ignored all the pander to the great rebound in PMs... Cautioning that any attempt to predict an end to market manipulation was pointless... Well, perhaps not. The past three weeks have seen several deliberate smack downs thwarted. Seems TPTB may at last be losing control of the market. Good for holders of metal... not so good for everyone else...
I have tried to envisage the carnage as the lid comes off... Could be internal collapse, but my money is still on world war.
And speaking of war, there is a rumor floating about that suggests Obama had ordered a military EMP strike against the US last fall, that was out off by several high ranking military... Well, that the officers have been fired I have been able to confirm... Still, very hard to believe... well, given the soulless nature of the creature maybe not as hard to believe as it should be. In any event, there has been a major house cleaning among the upper ranks of all branches of the military since fearless leader has assumed his second term. Whatever that bodes, it does not bode well.
They stopped it.....they have fired many more since this video....
http://www.youtube.com/watch?v=s-k0xDq3sHE
I think if he had actually tried that, he would have been arrested or shot.
If he did try it, and was thwarted, his days are numbered.
Firing a ton of flag officers allows them to now build a counter-army if they were fired only for protecting the country and or Constitution. Folks are on to this stuff. If TOTUS tries something for real, the fucker will be dead meat, or sitting in a guard house, imo.
Gayboy shot his load with the healthscare lies. Nobody listens to him anymoar.
Gold, Silver, Bullets, Firearms, Meds especially antibiotics, food, water and your real world skills are all that will matter in the future for some time. I can't eat paper, I can't heal myself with promises.
Make investments in yourself, learn skills, auto mechanics, farming, hunting , canning of foods, and yes learn how to protect yourself and your loved ones.
Real things are the only things that will have value, real friends will be priceless and being prepared will be the edge that saves you from the FIMA food line.
100% agree, but make sure water and food are first on that list.
BTW. Worth adding paramotoring to your skill list.
A paramotor gives you a potential out even if completely surrounded. Borders become transparent. Like having your own personal airforce.
They cost about the same as a motorbike, and there are electric versions under development at the moment.
That's it! I'm selling all my PMs and BTC and buying NFLX. Say did you see it go up today? /sarc
nr. 21: having an increasing world population of whom a part has infinite growth whishes on a world with finite resources.
"In the end, perhaps we will get what we deserve as a nation."
What did I do to "derserve" it? I'm writing against nations in public for now more then 5 years. I've no debts and have neither murdered nor stolen from anyone during my lifespan.
I've been robbed, over and over again of my money. I had to learn unter a publicy controlled education system. I had to spend a year to "serve" my state. And I'm every day reminded that mine does not really mean mine. How comes I have to pay an extra tax for my housing? every year. It's my land and not theirs. So what am I supposed to do to escape the fate you suggested is right for me? And on what grounds are you claiming me under we?
Not you per se, it's all the ignorant, apathetic, dumbed-down sheeple who allowed their country to be raped, robbed and pillaged by bankster scum for the last 100 years.
I've been expecting this for awhile. Now here's my plan. Convert all my investments into 400 oz gold ingots and melt those down into a one cubic ft block for easy storage and quick handling. What?
Do you have a forklift to move the cubic foot of gold?
That would be like putting all your eggs into just one single basket. It's not advisable.
This presentation from a mining engineer explains why once we crash there is going to be no reset - no recovery - it is an impossibility - this is the end of the industrial age http://www.youtube.com/watch?v=TFyTSiCXWEE
Thanks for that link, Notarocketscientist!
As the presentation states, "mining is all about money." Since money is measurement backed by murder, where those who were best at being able to win wars dominated the development of civilization, mining has been guided by warfare. An emergence of better evolutionary ecologies appears possible, including, theoretically, a better industrial ecology, where the money system was redesigned to facilitate recycling, and so forth, EXCEPT, that society is actually controlled by the people who were historically the best at being dishonest, and backing that up with violence. Therefore, our economy, as that presentation stated, is operating to high-grade ourselves to hell.
Although I thought that was a very good presentation of the nature of problem, and the best case possibilities to perhaps resolve those problems better, however, I believe that the future will be driven by the ruling classes being criminally insane, rather than by any other kind of creative alternatives being implemented. The ONLY "solutions" that the ruling classes appear to have actually prepared for are to mass murder the majority of the human population, through more genocidal wars, along with democidal martial law. There is no coherent and competent opposition to that which could cope with the real problems any better that I am aware of. That is why, after I look at the apparent real natural limits, and the utter social insanity that controls things now, I conclude that the population of human beings on planet Earth will more probably be less than 1 billion in 2100, rather than more than 10 billion. As that presentation corrected pointed out, IF we were going to actually resolve those problems better, than we should have begun doing so decades ago. However, instead, we have tended to deliberately deny that those problems exist, while those who are the best professional liars and immaculate hypocrites have continued to still be the most successful people, operating with evil deliberate ignorance towards all those basic facts, such as those which should be basic common sense, to anyone who understands the laws of nature. However, since the social world is actually controlled by lies, backed by violence, regardless of the longer term consequences of doing that ... the most probable future is the only one which has actually bewn really prepared for, which is the mass murder of the majority of the human population, as the only possible way to cope with having allowed exponential growth of force backed frauds to reach the real limits of the environment as hard and as fast as we possibly could. The surprising thing about such exponential growth is that, despite intellectually attempting to appreciate its mathematics, it still seems too intuitively difficult to accept. The ideas that during the next few decades we are going to see civilization tipping past its peak in so many ways has nothing in the past experience of anyone alive today, to enable them to truly have an understanding of that. After worrying about these kinds of issues for several decades, and doing my best to understand them, my final conclusion continues to be based on the view that the ruling classes are too criminally insane for us to be able to fully comprehend, while there is really nothing that the vast majority of people will do that will effectively stop that from happening, and certainly nothing that the vast majority of people are able and willing to understand which could provide genuinely better resolutions to those kinds of problems. Therefore, my view about the implications for natural resource management in the context of Peak Mining, is that will primarily be occurring and manifesting in the context of Peak Insanities. Since our society is controlled by legalized lies, backed by legalized violence, which automatically becomes more psychotic, but which nevertheless can not be effectively changed, the actual resolutions of all those peak resource problems will probably become peak insanities, in the form of peak mass murders. That is especially so because the only real alternatives to death insanities would be saner death controls. However, saner death controls appear to be absolutely impossible, given the degree to which the established ruling classes are criminally insane, while those they rule over are mostly incompetent political idiots.What a blow-hard!
Your kind of ad hominem reply, IREN Colorado, merely confirms my basic point. That there are only usually ad hominem responses to those basic facts merely PROVES the degree to which we are really on the path to Peak Insanity, while indulging in the nostalgic nonsense that there is any "economic recovery," BECAUSE that kind of presentation about running into the real limits of Peak mining & its implications for natural resource management WILL BE DELIBERATELY IGNORED BY THE VAST MAJORITY OF PEOPLE.
Any independent thinker that seriously studies the limits of natural resources comes to similar conclusions as Simon Michaux: WE HAVE HIGH-GRADED OURSELVES TO HELL. Mining takes water and energy, both of which are limited. The resources being mined are constantly being reduced to becoming lower quality, which takes even more water and energy. Thus, the basic problem of return on investment, in real energy terms, is a constantly deteriorating equation, and that is doing so at an exponential rate, as pointed out in that presentation!
The public response is to maintain an evil deliberate ignorance to those prospects, despite the tipping points being within the next few decades, where exponential growth is no longer possible to sustain, but rather, everything that was built up during the time when it was possible to find more natural resources and develop them becomes impossible to continue, but rather the real resources needed to continue to extract more resources are making extracting those remaining resources make less and less sense to continue doing, because it costs more real water and energy to do, which are running out, than the real return on that investment will be actually worth.
Since we have a fundamentally fraudulent financial accounting system, we are able to continue the frauds of paying for what we are doing today by promises regarding the future. However, that vision of the future is itself fraudulent too, and very seriously so. The exponentially growing level of human activities is rushing as fast as possible towards hitting the wall of real limits, and bouncing off a cliff. That the entire system is built on being able to expect to continue to grow, while collective deliberate ignorance is maintained towards the real limits that make that impossible. Hence, we are going to overshoot so bad that that is impossible to fully imagine. While the vast majority of people deliberately ignore that, aided and abetted by their school systems and the mass media, the ruling classes are covertly aware of those impending problems ... BUT, what have they actually done? Their real priority was to set up false flag attacks of terrorism, so that they could prepare for more global genocidal wars, along with democidal martial law!
Peak Everything is most real with respect to natural resources, where the economic system deliberately ignores its need to develop better industrial ecologies, since its accounting system is based on triumphant fiat money fraudulence. The only thing that Simon Michaux gets wrong in his presentation is that he underestimates the degree to which Peak Mining will be the main real cause of Peak Insanity.
I would like to blow a lot harder on that topic, however, the mind set of the vast majority of the people enables them to deliberate ignore those kinds of facts, while they also remain ignorant of the real preparations that the ruling classes are making to deal with running into real limits, which are to prepare to mass murder the majority of the human population. THOSE FACTORS COMBINED ARE WHAT DRIVES US TOWARDS PEAK INSANITIES!
That kind link given above is extremely relevant to the issues of "economic recovery." It is not merely that the politicians and other bankster puppets are lying about that superficially. Rather, they are profoundly lying about that, because it has become IMPOSSIBLE to ever return to exponential growth. Instead, we are nearing the tipping points, where more real growth is no longer possible. The entire social pyramid system is based on being able to grow, and everyone within that system does their personal best to participate. There is no collective agreement possible about how to stop growing, when that become impossible to continue. Instead, there are only covert plans prepared by the ruling classes to mass murder the majority of the human population. Those kinds of death insanities will be the real expression of the result that we are approaching Peak Insanity, due to our collectively being able to mostly deliberately ignore our approach towards Peak Everything Else!
You sir know nothing about which you speak. Further, you consume a record amount of oxygen to demonstrate it.
You are a classic "blow hard"
"This presentation from a mining engineer explains why once we crash there is going to be no reset - no recovery"
A cycle low always leads to the next cycle high.
"perhaps we will get what we deserve as a nation"
??? Who is this "we" ???
At what point in history were any of those who were "We the People" actually able to prevent the gradually increasing success of the methods of organized crime being able to take more and more covert control of the government, so that the effects of that eventually became more and more overt? How are "We the People" supposed to change the process whereby the step by step success of applying the methods of organized crime to the political processes became more and more triumphant?
I tend to NOT agree with suggestions that people who are the victims of organized crime deserve to be. I especially do not agree with that because, as the generations pass, people are born into conditions of social slavery. For sure, the worst effects of the coming economic collapse will impact upon poor children the most. I can not agree that they in any way "deserve" that. The people who are interested in celebrity scandals have been the victims of the most scientific brainwashing that money could buy, for generation after generation. Maybe, as adults, they deserve the consequences of them believing the biggest bullies' bullshit? However, behind the bullies was always the reality of the big stick that beat anyone who resisted into tacit submission, and in that context, there was nothing that worked. "We" are up against the systems set up by the international banksters, which have been like trillionaire mass murderers, against which "We" are no longer able to effectively respond, nor even are remotely able to operate in their league.
Here is how it works:
Things go south, the situation continues to decline.
At some point, someone yells "Storm the Bastille" and it's on.
Many of the things in this list are local problems, eg. Venezuela and Argentina. Brazil is only slowing down a bit because it has been doing so much better than the rest of the world that its balance of payments got out of whack. Problems in Ukraine are caused by the CIA trying to overthrow the government there.
The CIA/NSA gave UKRAINE 70% of all the BITCOIN MINING in the world, how's that an incentive for youth, to turn against their parents?
But guess what, just as quick as the NSA gave UKRAINE the bitcoin mining concession, they can take it away and it give it another fragile, achilles heal in the ultimate and permanent take-down of all that is good on earth.
Fuck bitcoin. It is nothing but a PTB created Ponzi diversion/distraction.
Bitcoin was desinged to enslave you, not save you.
Anyone who thinks the central banks will allow Bitcoin or similar to survive long-term is living in a fantasy world.
'Enjoy' Bitcoin while it lasts.
And never mind The Fed. Do you think the Chinese will stand for it? Not a chance in hell.
And again it's: Wooooollff !
Nah.... not yet....
IMO...the following represents one of the key indicators of the end times...
#17 CNBC is reporting that U.S. retailers just experienced "the worst holiday season since 2008".
#18 A recent CNBC article stated that U.S. consumers should expect a "tsunami" of store closings in the retail industry...
If CNBC is broadcasting this 'bad news' it must be because they are ready to start 'this thing'. Get the people whooped up into a frenzy, scare 'em bad. Does anyone know what Soros' positions are right now?
If you like your stock market gains, you can keep them.
MSBC interrupted an interview about NSA surveillance with some congresswoman to bring us live news about Justin Bieber's courtroom appearance.
Let's not forget about those plutonium-enriched nuclear fuel rods that are "blow'n in the wind" at Fukishima...Experts assured us that something like that COULD never happen - just extrapolate that...........
"We are not at a "global crisis" stage yet, but things are getting worse with each passing day."
We have been in a global crisis for 5 years, already. ZIRP, QE, global bailouts. "Unconventional measures." Financial fraud has continued unabated, in some sort of an attempt at papering over the continuing crisis, but it isn't really working.
It is too late for early warning signs. The 1987 stock market crash was an early warning sign. That was 27 years ago.
#1 The looting, violence and economic chaos that is happening in Argentina right now is a perfect example of what can happen when you print too much money...
That's odd. We were told that if the tax payers did not accept banker extortion, that there would be tanks in the streets, in the U.S.
Apparently, they will be coming, anyway.
"Economic mismanagement in Venezuela has reached such a level that it risks inciting a violent popular reaction."
Paul Krugman, take note.
"A great economic storm is rapidly approaching, and most people don't even seem to notice the storm clouds that are gathering on the horizon. In the end, perhaps we will get what we deserve as a nation."
We are in our 7th year of this slow motion car crash. Many of those who do know what's going on are simply tired of talking about it.
As China's CNR reports, "Everyone wants to borrow and no one wants to save," warned one 'salesperson'
The U.S. is punishing savers.
Who's getting loans approved? Businesses in Colorado aren't being approved for capital improvement loans, new vehicles, inventory. It is a cash world here.
Of course very few industries need to increase capacity these days. Firearms and Petro industries come to mind. Gov't sponsored windmill farms seem to get approved pretty easily though....
This year, the Baltic Dry Index experienced the largest two week post-holiday decline that we have ever seen."
I mentioned this the other day, after reading it here, and was told the transports disagree. On Friday, the transports suddenly agreed.
Chaos in Argentina and Venezuala? That's been going on for hundreds of years and has been much worse many times.
Brazilian financial problems, same. They are in better shape than ever now.
Ukraine problems - nothing compared to collectivatization,ww1, ww2, mongols. Again, better shape than ever.
Chines government has trillions in reserves, no debt and owns all the land in the country and is the worlds leading exporter. Not going broke.
Problems with the Turkish currency - much better than usual. Turkey is richer than they have ever been.
My Japanese stock fund went down 80% 20 years ago.
High unempoyment in Spain - better than with Franco
Problems in Italy - not as bad as a Goth invasion
Intel lays off 5% of their employees every year, the lowest 5.
Retail stores are down because online shopping is up. I get most stuff from Amazon, free shipping, much easier and better.
Dow jones is near an all time high
Extreme drought - what about the dust bowl 1930's?
This deserves more upvotes.
I like Zerohedge, but it's damn annoying that they are utterly one-sided... Try some objectivity god damn it, this site has been claiming a collapse for years without it happening.
The collapse will happen, what we do not know when. And what we usually know also, a break down of that extend hardly will do without violence. And now look around, how much violence is used against you on a daily base? Of let me ask this way. "Have you not paid your taxes today?"
"I've seen the future, I can't afford it." http://vimeo.com/26221364
I grew weary of Michael Snyder a long time ago. His only qualifications seem to be a highly-developed Chicken Little personality and substantial time on his hands. Many of the followers on his blog are downright creepy.
I don't need to read his histrionic bombast to know a collapse is coming. Who among us here doesn't already know the simple truths he broadcasts as "revelations," already?
< y a w n >
Granted this is a low quality "sensationalist" story about what we all know is going down.
I am looking for a recent, short, clear explanation, written for the non-investor or casual investor, of what's about to happen, why, and why we think it's imminent.
Do you have a favorite?
Why not start at the beginning - that is, with Dennis and Donella Meadows et al.: "The Limits To Growth" Universe books, 1972 ;-)
Snyder ends with:
"All over the country today, the number one news headline is about Justin Bieber. The mainstream media is absolutely obsessed with celebrity scandals, and so is a very large percentage of the U.S. population.
"A great economic storm is rapidly approaching, and most people don't even seem to notice the storm clouds that are gathering on the horizon.
"In the end, perhaps we will get what we deserve as a nation"
This is the "it's all the fault of all those other stupid people out ther" theory that seems popular on this list and almost everywhere else too.
For an antidote go read the previous post, and think lopng and hard about it:
A Glimpse At The "Most Potent Force In The Social World"
by Ben Hunt
Think about the story of The Emperor's New Clothes and how it relates to bubbles and panics. Specifically what has to be true for the people to believe the child.
The mecia ia very deliberately and calculatedly trying to keep our eyes off the ball.
Our job is to get them looking - and to teach them how the game works so they won't be fooled again..
" Our job is to get them looking - and to teach them how the game works so they won't be fooled again.. "
LOL, since when is your job to save idiots? For your information, they dont want to be saved. Just save your own ass.
Sorry, forgot where I was for a moment.
This is signs of 'global economic change' not signs of 'global economic collapsing'.
I agree, lots of opportunities ahead!!
Yeah, you can become a Sturmbannführer in WOIII. Loads of wonderful oppurtunities ahead.
I'm not stopping until I reach UberSturmbannführer.
Good piece but I don't agree WE ARE IN A GLOBAL CRISES! - WORLD ECONOMY COLLAPSING!!! - HEADLINES JANUARY 2014 http://forum.prisonplanet.com/index.php?topic=247239.msg1455872#msg14558...
Excellent.
And as you noted, pbvious.
21) Justin Bieber arrested for DUI. Sure sign of the apocalypse.