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Consider This...

Tyler Durden's picture




 

Today's modest bounce in stocks - considerably removed after-hours - does not provide much hope for those looking to buy the dip with the Dow still down over 1000 points year-to-date. In fact, as we discuss below, troubling news just continues to pour in from all over the world... consider the following...

 

Submitted by Michael Snyder of The Economic Collapse blog,

Overall, the Dow has now fallen more than 1000 points from the peak of the market (16,588.25) back in late December.  This is the first time that we have seen the Dow drop below its 200-day moving average in more than a year, and there are many that believe that this is just the beginning of a major stock market decline.  Meanwhile, things are even worse in other parts of the world.  For example, the Nikkei is now down about 1700 points from its 2013 high.  This is causing havoc all over Asia, and the sharp movement that we have been seeing in the USD/JPY is creating a tremendous amount of anxiety among Forex traders.  For those that are not interested in the technical details, what all of this means is that global financial markets are starting to become extremely unstable.

Unfortunately, there does not appear to be much hope on the horizon for investors.  In fact, troubling news just continues to pour in from all over the planet.  Just consider the following...

-Major currencies all over South America continue to collapse.

 

-Massive central bank intervention has done little to slow down the currency collapse in Turkey.

 

-Investors pulled more than 6 billion dollars out of emerging market equity funds last week alone.

 

-The CBOE Volatility Index (VIX) has risen above 20 for the first time in four months.

 

-Last month, new manufacturing orders in the United States declined at the fastest pace that we have seen since December 1980.

 

-Real disposable income in the United States has just experienced the largest year over year drop that we have seen since 1974.

 

-In January, vehicle sales for Ford were down 7.5 percent and vehicle sales for GM were down 12 percent.  Both companies are blaming bad weather.

 

-A major newspaper in the UK is warning that "growing problems in the Chinese banking system could spill over into a wider financial crisis".

 

-U.S. Treasury Secretary Jack Lew is warning that the federal government could hit the debt ceiling by the end of this month if Congress does not act.

 

-It is being reported that Dell Computer plans to lay off more than 15,000 workers.

 

-The IMF recently said that the the probability that the global economy will fall into a deflation trap "may now be as high as 20%".

 

-The Baltic Dry Index is now down 50 percent from its December highs.

If our economic troubles continue to mount, could we be facing a global "financial avalanche" fairly quickly?

That is what some very prominent analysts believe.

Below, I have posted quotes from five men that are greatly respected in the financial world.  What they have to say is quite chilling...

#1 Doug Casey: "Now is a very good time to start thinking financially because I'm afraid that this year, in 2014, we're going to go back into the financial hurricane. We've been in the eye of the storm since 2009, but now we're going to go back into the trailing edge of the storm, and it's going to be much longer lasting and much worse and much different than what we had in 2008 and 2009."

#2 Bill Fleckenstein: "The [price-to-earnings ratio] is 16, 17 times earnings," Fleckenstein said on Tuesday's episode of "Futures Now." "Why would you pay 16 times for an S&P company? I don't care about where rates are, because rates are artificially suppressed. Why isn't that worth 11 or 12 times? Just by that analysis, you'd be down by a quarter or 30 percent. So there's a huge amount of downside."

#3 Egon von Greyerz of Matterhorn Asset Management: "Nothing goes (down) in a straight line, but the emerging market problems will accelerate and it will spread to the very overbought and the very overvalued stock markets and economies in the West.

So stock markets are now starting a secular bear trend which will last for many years, and we could see falls of massive proportions. At the end of this, the wealth that has been created in the last few decades will be destroyed."

#4 Peter Schiff: "The crisis is imminent," Schiff said.  "I don't think Obama is going to finish his second term without the bottom dropping out. And stock market investors are oblivious to the problems."

"We're broke, Schiff added.  "We owe trillions. Look at our budget deficit; look at the debt to GDP ratio, the unfunded liabilities. If we were in the Eurozone, they would kick us out."

#5 Gerald Celente: "This selloff in the emerging markets, with their currencies going down and their interest rates going up, it’s going to be disastrous and there are going to be riots everywhere…

So as the decline in their economies accelerates, you are going to see the civil unrest intensify."

-----

Those that do not believe that we could ever see "civil unrest" on the streets of America should take note of what just happened in Seattle.

After the Seahawks won the Super Bowl, fans celebrated by "lighting fires, damaging historic buildings and ripping down street signs".

If that is how average Americans will behave when something good happens, how will they act when the economy totally collapses and nobody can find work for an extended period of time?

We are rapidly approaching another great financial crisis.  Unfortunately, we didn't learn any of the lessons that we should have learned last time.  It is being projected that the debt of the federal government will more than double during the Obama years, the "too big to fail banks" have collectively gotten 37 percent larger over the past five years, and the big banks have become more financially reckless than ever before.

When the next great financial crisis arrives (and without a doubt it is inevitable), millions more Americans will lose their jobs and millions more Americans will lose their homes.

Now is not the time to be buying lots of expensive new toys, going on expensive vacations or piling up lots of debt.

Now is the time to build up an emergency fund and to do whatever you can to get prepared for the great storm that is coming.

As you can see from the financial headlines, time is rapidly running out.

 

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Tue, 02/04/2014 - 22:23 | 4402473 forwardho
forwardho's picture

The frustration can be seen within your words.

I would hope that no one has placed trades based on articles posted on ZH, but that was never my take on this forum. Look at the top rated stories from last year, only a very few of the hundreds of articles were even clicked on by more than 100.000 people. This is a very,very small community. Mostly from what I can assertain its a micro platform for free thinking smartasses. Its a place for a small group of people who are wide awake and see bits of truth glaring from behind the big curtain. There are days when I look around at the devolving country and get dammed depressed. We come here to make light of the mass destruction taking place every day, and have a few laughs. If there is some hidden motive here beyond the obvious need for advertising revenue it escapes me. ZH is entertainment in a world that can look rather bleak after the blue pill has worn off.

Tue, 02/04/2014 - 22:56 | 4402503 Grande Tetons
Grande Tetons's picture

Great post, forwardho

I think many of us hear the sounds of the tires screaching before the accident. We are looking for confirmation......what the fuck was that???? 

Tue, 02/04/2014 - 23:54 | 4402756 failure to perform
failure to perform's picture

My husband rarely understands why I crack up reading the comments. Most here have been a lifeline of humor in the pathetic daily grind.

Wed, 02/05/2014 - 00:04 | 4402776 IridiumRebel
IridiumRebel's picture

"Mostly from what I can assertain its a micro platform for free thinking smartasses."
Succinct and awesome. Welcome to Fight Club. As for Satoshi101/911/Carlin401 and the numerous other incantations he will become....he cray-cray.

Wed, 02/05/2014 - 01:42 | 4402977 Kirk2NCC1701
Kirk2NCC1701's picture

Hmm... nice piece of prose.  Can't say I disagree either.

Wed, 02/05/2014 - 03:30 | 4403066 satoshi911
satoshi911's picture

Forwardho,... I agree 100% with what you say. I'm just stating the obvious that is found ABC-MEDIA website, that this site is designed to attract as you say 'loners', Hell Most the AD's I get here are "Are you looking for a American Husband? [ Targetted to Russian women ] :(", now go figure; on the top its always bitcoin-mining hardware,... then over on the right it 'outsider club'.... doom&gloom, as we know is NOT the smartest people on the planet. Even the ABC-Media site say's "They deliver a unique demographic", ...yep they do. The advertisers's say all.

I never get depressed everyday is beautiful, everyday I listen to music and ride my bike.

I like ZH, ... its better than most sites, ... the majority are right-wing which is boring, but the left-winger's are even more boring. I never click up or down on red/green, nor do I vote on articles.

I agree that these sites are typically only one real person for ever ten bot's... I can see a lot of the avatar's here just switch back&forth and talk to themselves, that is their game, not mine. I come here time to time, last on average 2 weeks before getting deleted for 'truthiness'.... and then get a rest for a few weeks and crawl back.

It's sort of addictive, and sometimes the laughs are good, sometimes.

Whether you want to admit it or NOT, there is bias here, I see it in WHO gets deleted and when they're deleted and for what.

*

OPinions are like assholes, ... everybody has one, ... Diversity of Opinion is a good thing? Yes or NO?

 

Tue, 02/04/2014 - 22:53 | 4402540 jomama
jomama's picture

Y U MAD BRO

Tue, 02/04/2014 - 23:16 | 4402617 bunnyswanson
bunnyswanson's picture

In my particular industry, on the forum we go to, 3 women have made plans to take their own lives due to inability to find jobs - as our jobs are outsourced to India - and they are simply not attractive, young and healthy after 30 years at this work.  The streets are quiet, there are empty stores.  The stores still open have no customers but rather large teams of workers walking around aimlessly.  No stock is being held in the California stores.  They are empty boxes where Best Buy would normally keep several available products.

For you to minimize this as you have is an affront to me.  Can you really despise a person who states such misleading information that it appears they are attempting to sway public opinion?  Today, I can.  I do not know where you are, but if America falls, you will be nothing more than a person valued for how much they have to steal and how much work you can produce.  No competition.  That is their goal.  Centralize and neutralize.  For you not to see this and the possibilities for the future of mankind, in 200 years, 500 years is extremely hard to believe.  So, I am going to hope you are just dicking with us.

Tue, 02/04/2014 - 23:49 | 4402743 FredFlintstone
FredFlintstone's picture

Satoshi is like a prophet and you all despise him like all they have since the Old Testament days.

Wed, 02/05/2014 - 00:41 | 4402866 IridiumRebel
IridiumRebel's picture

He's a schmuck who fagged out, left and now bitches from afar. You can't hide from this. You can barely prepare. I've done my best. I'm sure we all here, the knowledgeable smartasses as Forwardho stated, have done our best. There are no prophets, there are no demons. There is only a mathmatical certainty. Satoshi at leasts explains and combats. I give him that, but he's another dude with his dick in the wind like all of us. I'm here for knowledge. I've gleaned much. I wish everyone luck. I'll be here poolside with you all as this fucker crumbles....until they take this away as well. At that point, I will know we are at hour zero.

Wed, 02/05/2014 - 02:36 | 4403033 DoChenRollingBearing
DoChenRollingBearing's picture

Nicely put.  I too have learned a lot here.  If our country goes over the falls, well some of us have done our best to keep our families safe.

Peace and good luck to our ZH community.

Wed, 02/05/2014 - 03:57 | 4403086 mt paul
mt paul's picture

when caught with dick in the wind

it's best to have one covered in fur

Wed, 02/05/2014 - 03:14 | 4403056 satoshi911
satoshi911's picture

I just call them as I see them, and I did fight the fight in the USA for some 30 years before I bailed.

Funny you all here like to read Roger's and he Bailed, and there's Faber,... seems like a lot of guy's with the 'means' have gone to ASIA, .. Why the fuck not?

*

I have said, and I'll say again. Fight for what?

AIPAC has already stripped the USA naked, and imprisoned most. Say you fight, ... who are you going to fight? It's NOT like you can to to the beaches of Tel-Aviv and fight on the beach, e.g. have the battle on the PTB home-ground. In a REAL WAR you want to fight on the enemy's home-ground,... not your own.

The USA is just a penal-colony, and the PTB rotate 'leadership' in&out as needed.

*

Once you understand that the 'last stand' or FIGHT in the USA, is just brother on brother like last time, you will realize that the FIGHT is pointless, and FLIGHT is preferrable.

In my 30 years of politics and FIGHTING the PTB I found that just as quick as we took them out, there were ten more to replace them,... that's when I decided I had better quit wasting my time.

To you young kids FIGHT-ON, but just remember in this case, there will be no rewards for the VICTOR, ... as all has been stolen, and the only thing LEFT in the USA is DEBT.

The winner of the next battle in the USA, all they will WIN is DEBT. All resources were stolen long ago.

 

Wed, 02/05/2014 - 04:54 | 4403123 kareninca
kareninca's picture

bunny, for heaven's sake, I hope you have tried to convince those women to not kill themselves.  I know things are horrible, I know it.  But they could go on disability, perhaps.  They could commit a crime and go to jail for a few years and get some rest.  They probably could marry; there are a lot of desperate men these days (and I'm sure they look better than they think they do).  Maybe they could get work as house sitters, and get free housing.  If they can get to a part of the country where the economy is good (the fuel extraction areas) they could get service jobs.  In a farming area they probably need live-in farm workers who do traditionally female work.  I presume that these women are eligible for social security when they hit 62 or 65.  Perhaps they could get together and form a commune; I lived in one in college and it can be very cheap for a bunch of people to live in one house.

I know that they have been crushed by circumstances.  But where there is life there is hope, and if they get out of their miserable location, and miserable immediate situation, even by a few miles, even for a few hours, things can look entirely different.  It is crucial to realize that unless you have a terminal physical illness, or have sustained a direct nuclear hit, there are always options.

Tue, 02/04/2014 - 23:23 | 4402631 Tall Tom
Tall Tom's picture

Whom reads it? YOU DO. Otherwise you would not be here commenting.

 

Why are you so damned terrified? Are you afraid of Death? There are fates far worse than Death.

 

You read this. You read the comments. But then, acting in Fear, you are just too afraid to face it.

Wed, 02/05/2014 - 04:42 | 4403116 kurt
kurt's picture

Poor little feller. Don't poke him he might bite. Kinda cute though in an ugly dog way.

 

 

Tue, 02/04/2014 - 21:35 | 4402346 fijisailor
fijisailor's picture

You forgot "suicide" bankers.  Could it be they knew something we don't?

Tue, 02/04/2014 - 21:45 | 4402374 Westcoastliberal
Westcoastliberal's picture

They just know all the details.  We already know the headlines.  None of this was unanticipated.  Rampant corruption throughout all industries and government, AND just about anything you name has the word "crisis" behind it.

Tue, 02/04/2014 - 21:39 | 4402350 Cognitive Dissonance
Cognitive Dissonance's picture

Held together with chewing gum electronic ink and baling wire faulty fiat.

<She's gonna blow Captain.>

Tue, 02/04/2014 - 21:39 | 4402355 Wilcox1
Wilcox1's picture

Build up an emergency fund in what?

Tue, 02/04/2014 - 21:41 | 4402362 satoshi911
satoshi911's picture

Newsletters, buy newsletters ...

Tue, 02/04/2014 - 21:38 | 4402356 satoshi911
satoshi911's picture

So fucking what?

Prior to the 1920's the PUBLIC never even bought 'stock', it was paper only held by rich.

Then along came marketing fuckheads who 'SOLD' owning the corporation via paper to the public.

This is as stupid as owning paper-gold, or virtual online currency.

Folks got fucking hurt in 1987, hurt in dot-com, and hurt in 2007, and now the only money feed wall-st is FIAT INFINITE.

So fucking what?

I know that ZH only lives to talk about the MARKET, but the end of history is here, OH yep they can still SELL SPY stocks like google, apple, facebook, and twitter, but that is only good while the FREE FIAT lasts.

Little people aren't buying stock's.

*

Who the fuck are these articles talking to? The stock market busted in 2007, and banks were given trillons of free money, and they pumped the stocks, and now they want to sell them to YOU, but your not buying are you?

Yep, and they PUMPED up the dead 'housing' also,...

So fucking what?

Just stay far away from the USA and watch it all burn to the ground.

Tue, 02/04/2014 - 22:02 | 4402425 therevolutionwas
therevolutionwas's picture

"little people" with 401ks are buying stocks big time.

Tue, 02/04/2014 - 23:31 | 4402655 Tall Tom
Tall Tom's picture

Asia wil burn before the USA. I can hardly wait for the Bubble in China to burst...*pop*

 

Ohhhh...too bad....Mass Famine...America no longer buys trinkets....ohhhh....too bad...America DEFAULTS on Treasuries....What good are the promises?

 

The truth is tha when one goes down it will be the catalyst and take the rest of the World down with it.

 

What is happening to the Markets in Asia since we started to withdraw the QE which we have been EXPORTING?

 

Asia collapses first and will burn first.

 

And you...You are terrified.

Wed, 02/05/2014 - 02:37 | 4403036 DoChenRollingBearing
DoChenRollingBearing's picture

 

 

"Asia wil burn before the USA. I can hardly wait for the Bubble in China to burst...*pop*"

Tall Tom, that would be my guess as well, but who really knows...?

Wed, 02/05/2014 - 11:51 | 4404081 obi wan
obi wan's picture

I am genuinely interested here, what do you mean by the end of history? I find your posts interesting and would like to know what you mean by that phrase.

Tue, 02/04/2014 - 21:47 | 4402368 satoshi911
satoshi911's picture

Typical ZH shit, its all 100% wrong, ..

JPY & AUD are skyrocketing yet according to CELENTE they're dying,

When in the fucking hell  did they say this shit? Last year?

*

Please can't for once ZH post something god damn fucking real? and current?

Oh, but AIPAC couldn't stand lemming being told the truth could they?

 

Tue, 02/04/2014 - 21:58 | 4402414 juicemoney
juicemoney's picture

JPY & AUD are probably climbing because enough currencies are dropping rapidly... look at Turkey, India, South Africa et al. This has nothing to do with the actual fundamentals of JPY & AUD, just how they look compared to rapidly depreciating currencies.

Just like housing values going up... "investors" rushing into hard assets, regardless of their merit relative to the market.

All of these "experts" make valid arguments, just don't let them convince you they are right about the date. Heck, even the TPTB can't nail down the date. Markets still rely on joe six-pack and liberal millenials to push the status quo.

I'm not a Keynsian but his quote holds truth: "The market can stay irrational longer than you can remain solvent."


Tue, 02/04/2014 - 21:47 | 4402387 kw2012
kw2012's picture

Feels like dip buyers keep buying the dip and are nearly all-in RUH ROH

Wed, 02/05/2014 - 04:38 | 4403109 kurt
kurt's picture

Try the fish dip

Tue, 02/04/2014 - 21:49 | 4402388 kw2012
kw2012's picture

What if Japan has been buying US stock futures as a favor to the Fed the last couple of years and can no longer do so?

Tue, 02/04/2014 - 21:55 | 4402403 stocktivity
stocktivity's picture

What if Japan had a major nuclear accident...oh wait...

Tue, 02/04/2014 - 21:59 | 4402410 Cognitive Dissonance
Cognitive Dissonance's picture

Actually I think it transcends 'major' and is squarely in the 'catastrophic' camp. But I do get your point.

Tue, 02/04/2014 - 23:31 | 4402662 Tall Tom
Tall Tom's picture

Pre Cooked Fish? Yummy!

Wed, 02/05/2014 - 04:36 | 4403108 kurt
kurt's picture

Starfish rip their own arms off. Two headed Dying Whale. Anchovies and krill die and drop the the bottom of the ocean. Sick seals. Big horrid "sea monster" carcasses wash up. No sardines. Radioactive top predators. Pus pocketed salmon meat

An you without a spoon

Tue, 02/04/2014 - 22:03 | 4402409 DOGGONE
DOGGONE's picture

Real Dow closed today 99.0
http://www.showrealhist.com/recDJIAtoRD.html
It was 100. in January 2000 (calendar month avg.), 14 years ago
It's all time high day was 106.3, five weeks ago on Dec. 31, 2013

Tue, 02/04/2014 - 22:13 | 4402444 cherry picker
cherry picker's picture

Think about this a minute.  How many people do you know who collect UI, disability, SSI, foodstamps, etc and receive medical aid, medicine, housing from various local, state or federal sources.  Then add in those who work for .gov.  I know many.

Let us assume each of the above rakes in $30 grand a year.  How many of us who do not get anything from .gov work to maintain the one individual?  Three, four,......ten?

Then add in the cost of borrowing, the military, CIA and so on, how can this continue?

I am no economist, cant afford to invest, have no savings, I own a small business which is barely making it but it supports me and a few employees and I dont see where growth is going to continue, I think we are on the edge of a major world wide reset.

 

Tue, 02/04/2014 - 22:35 | 4402498 Muppet
Muppet's picture

can't hardly wait.... bring it 

Wed, 02/05/2014 - 00:07 | 4402783 A. Buttle
A. Buttle's picture

The killer is the pensions at the multibple levels of govt that suck away eceryones taxes like Oblower in a bath house.

Wed, 02/05/2014 - 02:53 | 4403046 Captain Benny
Captain Benny's picture

I advise old and unhealthy people who have little income to go milk obamaCare as much as possible to get themselves healthier and treated for their problems knowing full well that they'll only help crash the system sooner.  We all need to do our part!    "USA! USA! USA!"

Tue, 02/04/2014 - 22:24 | 4402471 devo
devo's picture

haha. these guys have been calling for "financial collapse" for like 10 years now.

Tue, 02/04/2014 - 22:32 | 4402491 Soul Glow
Soul Glow's picture

These guys are financiers, not geologists.  Finance is a charade, finite resources are not.  When oil peaks production the ponzi will fall from the stars.

Tue, 02/04/2014 - 22:42 | 4402520 MeBizarro
MeBizarro's picture

It doesn't even need to peak and that is entirely what all the jerks who mocked 'peak oil' completely missed the point.  It just is about how much it increasingly costs to extrat and how we continue to 'double/triple down' on stupid by increasingly setting up more and more extended and complicated global supply chains with almost no real inventory anywhere.

Society can certainly exist with the 'go juice' but not nearly in its present incarnation with its supply and distribution models.

Tue, 02/04/2014 - 23:35 | 4402675 El Vaquero
El Vaquero's picture

Ponzi schemes are funny like that.

Wed, 02/05/2014 - 00:20 | 4402816 bluskyes
bluskyes's picture

blah blah blah, all just FUD: Peak petroleum, peak whale oil, peak fire-wood,

Trains used to be fired by wood, then coal, then bunker oil, and now diesel fuel.

We have always used the energy that is the cheapest, and always will.

Wed, 02/05/2014 - 00:54 | 4402894 El Vaquero
El Vaquero's picture

Firewood to run a train won't work so well when it comes to feeding 7 billion people.  Half a billion or a billion or so who are already somewhat self sufficient may be doable, but in today's world?  Say hello to massive deforestation.

Wed, 02/05/2014 - 10:44 | 4403773 bluskyes
bluskyes's picture

Canada, and Russia have millions of square miles of forests.
More land in North America today, is covered with forest, than at any other  time since the Europeans showed up.

 

Wed, 02/05/2014 - 11:29 | 4403967 Cloud9.5
Cloud9.5's picture

When is the last time you saw a wood burning steam locomotive?  There is one in a museum in the next county.  The valves are frozen.  The pipes are rusted.  In six months to a year a dozen machinists could get it back on the rails.

 

You might want to read the Hirsh Report on transition lead times.   http://en.wikipedia.org/wiki/Hirsch_report

 

Several areas have shown us what happens when wood becomes the primary fuel source.  Easter Island and Haiti come to mind.

 

Wed, 02/05/2014 - 17:29 | 4405550 bluskyes
bluskyes's picture

I have never seen one, except in a Clint Eastwood movie. I think it was The Good, Bad, and the Ugly

I do read books about trains, and locmotive history. The conversion between wood, coal, and bunker was relatively easy. Things didn't really change until the Diesel Engine took off.

Wed, 02/05/2014 - 02:34 | 4403032 tenpanhandle
tenpanhandle's picture

Soylent energy is cheapest.

Tue, 02/04/2014 - 22:37 | 4402505 MeBizarro
MeBizarro's picture

Pretty much.   Schiff is at least entertaining at times.  Celente is just an a-hole scheister. 

Tue, 02/04/2014 - 22:59 | 4402576 Grande Tetons
Grande Tetons's picture

Why the bad vibes over Celente? He always seemed genuine to me. 

Wed, 02/05/2014 - 08:46 | 4403289 Zwelgje
Zwelgje's picture

He sells fear.

Wed, 02/05/2014 - 09:30 | 4403436 thestarl
thestarl's picture

Reality more like it dickhead

Tue, 02/04/2014 - 23:18 | 4402620 Oldwood
Oldwood's picture

You are right. This shit is absofuckinglutely great! Never been better! No one but a fool would think there are any threats to the economic stability of the world.

Go ahead and laugh dumbfuck. We can see the fucking astroid hurdling through space heading straight for us and cannot predict it's range, velocity and impact exactly, but there is obviously no danger.

Tue, 02/04/2014 - 23:45 | 4402718 devo
devo's picture

The sun is going to burn out one day, too.

Oh noooes.

Give me a break. There is no collapse. There's only pesky inflation and propaganda to stave the masses. Plan accordingly.

Wed, 02/05/2014 - 00:41 | 4402865 Spastica Rex
Spastica Rex's picture

There is no collapse yet.

Fair enough.

God made man, but he used a monkey to do it.

Wed, 02/05/2014 - 04:29 | 4403104 kurt
kurt's picture

W. C. Fields quote goes here.

Tue, 02/04/2014 - 22:30 | 4402485 lieto
lieto's picture

Money printing to infinity!

If we have a major dip/cash here the policy procedures to "fix it" may finally wake a greater portion of the population to this overriding truth.

Or not.

Sigh.

Tue, 02/04/2014 - 22:34 | 4402496 Soul Glow
Soul Glow's picture

Currencies are nearly hyper inflated.  Any increase to QE and even liberals will know that the end of finance is upon us.

Tue, 02/04/2014 - 22:35 | 4402499 DeusHedge
DeusHedge's picture

All this complaining going on about unemployment and the rich. Do you know what it would really look like if the Haves decided to take what was theirs? Oh, wait,,

Tue, 02/04/2014 - 22:48 | 4402531 AdvancingTime
AdvancingTime's picture

Whether by design or merely as a byproduct of globalization we have weaved a web of financial transactions that circle the globe. Over the last several years as money was printed by the central Banks it was not contained in the countries where in was printed. This money flowed across borders influencing and distorting markets and prices across the world. Now that we have wound up and distorted prices we are facing the great unwinding which may prove very painful,

Contagion as an event may be described in several ways, most likely as a collapse or a re-alinement but in reality it is the recognition that our path was an unsustainable illusion. Some people have been calling for a "world currency" for years. The saying "one should never let a good crisis go to waste" means a meltdown with high levels of fear would be a perfect opportunity and catalyst to advance this agenda down the field. More on this subject in the post below,

http://brucewilds.blogspot.com/2014/02/contagion-may-lead-to-new-world-c...

Tue, 02/04/2014 - 23:45 | 4402714 Atomizer
Atomizer's picture

Briefly,  you can see the blows to come.. Look at utility bills, cable TV, Internet cost,  and smartphone plans.

 

When you hear these crack pots from the IMF,UN, IMF and BIS.  All was good and until the unemployed dropped off. When America's has to drop these sevices to survive new expenses. Thnk how these people will dicide to allocate their monetization EBT enterprise.  

Dear Dumb fuck planning steering committee..

No one wants free shit. 

Tue, 02/04/2014 - 22:55 | 4402555 Miggy
Miggy's picture

If you get right with God you know the future anyway. John 3:16.

Wed, 02/05/2014 - 00:23 | 4402825 Wen_Dat
Wen_Dat's picture

Spill it

Wed, 02/05/2014 - 08:55 | 4403316 Took Red Pill
Took Red Pill's picture

Is that you, Michael Snyder?

Tue, 02/04/2014 - 22:57 | 4402560 Atomizer
Atomizer's picture

I want to see Steve Liesman swallow his Central Planning protein load on national TV. Then explain, why the Council of Forgeign writes his TV material. 

Tue, 02/04/2014 - 22:58 | 4402561 Atomizer
Atomizer's picture

Duplicate post 

Tue, 02/04/2014 - 23:18 | 4402615 shankster
shankster's picture

Beam me up Scotty...it's getting crazy on this planet.

Tue, 02/04/2014 - 23:18 | 4402619 Yes_Questions
Yes_Questions's picture

 

 

May you prosper, fellow ZH's.  

 

 

Tue, 02/04/2014 - 23:40 | 4402691 IridiumRebel
IridiumRebel's picture

I've noticed that gas prices here in the boondocks of Cincinnati are all over the place. One place is 3.39 another is 3.27 another is 3.18 another is 3.07 another is 2.98....these are all major places that follow suit price wise to the ebb and flow of pricing. All of these places are usually within a nickel of each other. I remember here at Doom School that price misallocation is a sign of financial evil.

Wed, 02/05/2014 - 00:03 | 4402778 Atomizer
Atomizer's picture

Just follow the jet stream.  The carnival government thieves think that you have to do what they want.  Food for thought 

Tue, 02/04/2014 - 23:50 | 4402738 jack stephan
jack stephan's picture

Sounds about right ....

http://youtu.be/l482T0yNkeo

Tue, 02/04/2014 - 23:59 | 4402765 OC Sure
OC Sure's picture

Consider this:

All the items listed is the same movie many of us have seen before. The one anomaly this time around that is not on the list is the story of the "suicidal" bankers. Typically, they fall AFTER the crash. These guys are dropping BEFORE the news hits the headlines. If it is not just a coincidence, then that could be the lead that tells this tale...Has the trail gone cold?

Wed, 02/05/2014 - 04:20 | 4403098 kurt
kurt's picture

If you read a story about people stopping to pick up money on the freeway, it's on, the real crash.

I've noticed every big crash some dickhead leave a wad of money on his roof and drives away.

Wed, 02/05/2014 - 00:27 | 4402828 Spastica Rex
Spastica Rex's picture

Bizarro night on ZeroHedge.

I'm going to go read a book.

Wed, 02/05/2014 - 00:42 | 4402868 Wen_Dat
Wen_Dat's picture

Read a page for me homie

Wed, 02/05/2014 - 02:59 | 4403051 satoshi911
satoshi911's picture

It's only boring and bizzare because the ALGO to randomly pick posts has gone full retard, ... bring a human back to ZH, and it might have some interesting and timely posts.

ABC-MEDIA has gone 'cheap', what if an ad-click value of barely $1000/month, that the comment-bots are automated, and the POST-BOT too, good thing that a humans refresh the advertising, or everybody would leave.

 

Wed, 02/05/2014 - 00:30 | 4402834 kchrisc
kchrisc's picture

Do the black swan boogie.

Wed, 02/05/2014 - 00:35 | 4402843 besnook
besnook's picture

this may be the quickest takedown ever, quicker than the .com bust, maybe worse than 1987. this could be the end game. dollars flood back into the usa "naturally" driving rates back down below 2 on tnx, allowing the fed to exit the manipulation game. the real estate market will get juiced. the emerging markets go down the tubes with the strong dollar able to buy assets for pennies. the strength of the dollar propels the yen to 120 making abe look like a genius as the japanese economy reflects the rising sun while china uses the dollar coupling to spark a domestic consumer binge because the strong yuan helps chinese consumers buy anything in the world cheap including american slaves(they like white slaves).

 this will not end well for americans but out of the ashes the asian phoenix will rise to rule the world for the rest of time.

Wed, 02/05/2014 - 01:05 | 4402916 El Vaquero
El Vaquero's picture

If that is the case, it will be due to shadow banking liabilities.  For the duration of a stock market crash with the way things are today, the crash itself will drive treasury yields down.  I am becoming more and more convinced that the stock market is going to be sacrificed to keep bond yields down, and when that runs out of steam, 401ks and the like will be pilfered.  When QE fires back up again, I expect it will be because of something ugly in the banking industry. 

 

FWIW, I would not bet anything of my own on the above because I am not an insider.  If there is something about a stock market crash that would crash TBTF, I cannot name it.  I'm just thinking about what I would do if I wanted to extend and pretend as far as I could given what I do know. 

Wed, 02/05/2014 - 09:46 | 4403515 hootowl
hootowl's picture

"the asian phoenix will rise to rule the world for the rest of time.".....That is, until they once-again destroy themselves by trying to consume each other and China returns to being worth less than the sum of its parts.

Wed, 02/05/2014 - 00:42 | 4402867 goldstandard
goldstandard's picture

Consider This....Load up on the Iraqi dinar and the Vietnamese Dong. There is a global currency reset coming. It's the only way out along with gold and silver.

Wed, 02/05/2014 - 02:56 | 4403047 satoshi911
satoshi911's picture

Lao "KIP" is a bargain too,...

GOLD will always be better than paper, physical gold in your possession.

 

Wed, 02/05/2014 - 00:46 | 4402878 thewayitis
thewayitis's picture

 

 Yes but Michael. Most of us here that read Zerohedge do not invest in the Equities market.  I think it is wellknown that 60% of the

action is by high frequency trades(computer driven by banks).  The average american NOW has NO $$ for trading let alone investing>

Hahaha. Nor funny but rather SAD. The America Now, is not your mom an dads America. We may have or will shortly see the BLACK SWAN.

Keep prepping and stacking. Or at least START......We all need water and food. Precious metals will be a hedge against devaluation and

probable barter.  One need not b extreme but be PREPARED ......

 

 

Wed, 02/05/2014 - 00:47 | 4402879 thewayitis
thewayitis's picture

 

 Yes but Michael. Most of us here that read Zerohedge do not invest in the Equities market.  I think it is wellknown that 60% of the

action is by high frequency trades(computer driven by banks).  The average american NOW has NO $$ for trading let alone investing>

Hahaha. Nor funny but rather SAD. The America Now, is not your mom an dads America. We may have or will shortly see the BLACK SWAN.

Keep prepping and stacking. Or at least START......We all need water and food. Precious metals will be a hedge against devaluation and

probable barter.  One need not b extreme but be PREPARED ......

 

 

Wed, 02/05/2014 - 00:48 | 4402881 ironmace
ironmace's picture

So, the guy from the Economic Collapse Blog says the economy is going to collapse......

Wed, 02/05/2014 - 00:51 | 4402886 A Dollar Short
A Dollar Short's picture

Time is, certainly, running out.

Great article.

Wed, 02/05/2014 - 01:02 | 4402907 Colonel
Colonel's picture

"Now is the time to build up an emergency fund and to do whatever you can to get prepared for the great storm that is coming."

Very,VERY good advice.

Wed, 02/05/2014 - 01:18 | 4402944 BanksterSlayer
BanksterSlayer's picture

Embry:  “I honestly believe the more I watch what’s unfolding here, the world’s leaders, and particularly their central bankers, have made such an unholy mess of things that at this point they don’t have a clue what to do....

 

Eric King:  “Stock market participants are getting a bit worried here as the global markets continue to tumble.”

 

Embry:  “Well, they should be worried.  This is the direct result of the tapering decision because all of this hot money that left the United States seeking opportunity has created bubbles around the world.  As the US now attempts to rein it in, it is coming back faster than it went in and so the impact on global markets has been and will continue to be extreme.

 

But this is an extraordinarily dangerous strategy because these markets are so overvalued and vulnerable that they are subject to total collapse overnight if they become liquidity starved.  So I think the Fed is playing a very dangerous game, and I suspect as the terror in global markets accelerates, at some point the Fed will desperately reverse their tapering.”

 

http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2014/2/3_Emb...

Wed, 02/05/2014 - 01:30 | 4402960 gwar5
gwar5's picture

STFM. Short the F'g market.

 

Wed, 02/05/2014 - 02:14 | 4403005 sandiegoman
sandiegoman's picture

The wheels are starting to come off the resin. I only wonder if gold will get smacked flown when China faces the real estate music.

Wed, 02/05/2014 - 12:13 | 4404181 andrewp111
andrewp111's picture

The PBOC is clearly delaying that music for as long as possible. The question is how long will they succeed? I think a major rise in energy prices would kill their boom pretty quickly, because it is the one thing the PBOC cannot control.

Wed, 02/05/2014 - 02:22 | 4403008 Bdelande
Bdelande's picture

Note to the Federal Reserve:

 
 
 

Dear Janet;      February 4th, 2014


 

If I may be so forward, I felt compelled to pass on a quick note from a most concerned permanent resident of the United States of America.


 

Purposely degrading this Nation's hard earned reserve currency status, that was so honorably delivered to you by previous generations who built this great country from the ground up through their virtuous and industrious blood, sweat and tears, only to then implement a disgracefully lamentable monetary policy which deliberately steals from future unborn generations in order to facilitate living standards beyond our means, so as to maintain an unearned, undeserved and unprincipled culture of grotesque mass over-consumption, can only be characterized as a deplorable unconscionable abomination of Biblical proportion.......


 

Respectfully yours,

 

Le Baron Bruno Camille Soucanye de Landevoisn


Wed, 02/05/2014 - 09:13 | 4403376 falak pema
falak pema's picture

with a fancy name like that you could at least learn to spell it correct showing respect for Baronial coat of arms and dildoed charms for the Baroness. 

Wed, 02/05/2014 - 02:52 | 4403025 TheRideNeverEnds
TheRideNeverEnds's picture

the sharp movement that we have been seeing in theUSD/JPY is creating a tremendous amount of anxiety among Forex traders.

 

Yea I am real shook up about my long yen position being almost back to break even......

Wed, 02/05/2014 - 02:54 | 4403045 satoshi911
satoshi911's picture

Me too, shows you to just ignore the bullshit and hold your position, the JPY is  nice diversification,... all its going to take is them to elect a nationalist and their currency will boom.

 

Wed, 02/05/2014 - 03:23 | 4403060 Element
Element's picture

 

 

I just want to point out, yet again, that the greater whore-of-whores, the BIS, issued a blunt warning to the world in Dec 2012, that we had already setup for an even larger and more severe financial crisis than what unfolded from 2007 thru 2009 (and frankly they were much, much too late with that first 'warning' in 2008, as they cried wolf only after the wolf had already begun licking the blood from its fur).

No one payed any attention, then, or now.

Nope, they're not talking about me! No sir! They mean someone else!

And the very behaviour that BIS warned the world of, on both these occassions, have continued to intensify, relentlessly, accelerating since Dec 2012.

Thank goodness they weren't referring to anyone we'd know or deal with, eh?

Wed, 02/05/2014 - 03:37 | 4403071 satoshi911
satoshi911's picture

Rather than talk in riddles or CODE, why not just come out and deliver some truth in the face of today's dated bullshit post?

Of course BIS is taboo here, but on a good day they let it slide and a bad day it get you deleted, my guess the account-delete man-human only signs on twice  a month to purge accounts that speak of zion, bis, aipac, or goldman-sachs,... which is why 'squid' is allowed.

Wed, 02/05/2014 - 03:46 | 4403074 Element
Element's picture

don't talk to me   go find a pet rock   it'll be far more interested in all that you have to teach it   you don't even merit punctuation

Wed, 02/05/2014 - 09:11 | 4403365 satoshi911
satoshi911's picture

Excuse me, but in an earlier post you told us you had magic fairy dust on BIS, and now you tell us that your a moron, which is it the first or second post?

The first post you sounded like a man that was afraid to speak the truth, the second post you sounded like a 7th grader who shit his pants in PE.

Wed, 02/05/2014 - 04:17 | 4403096 Ghordius
Ghordius's picture

good point, element. I'd say though that the BIS is not the greater whore, she is the handmaiden and go-between of the "whores". after all, the main reason why the BIS exists is to discreetly manage business between national banks

satoshixxx, this "Of course BIS is taboo here"is BS. Tylers have a pet hate against the gold trading desk of the BIS, and wrote many articles about it

Wed, 02/05/2014 - 03:30 | 4403067 dogmete
dogmete's picture

You're quoting Peter Schiff and Gerald Celente? Really?

Wed, 02/05/2014 - 04:02 | 4403088 OldPhart
OldPhart's picture

I'm involved in a privately owned group of mining, ready mix, steel and steel fabrication companies in So. Calif.

We have done remarkably well this year due to Obama's 'shovel ready jobs' of 2009.  Our private work fell off a cliff in 2009 and hasn't reincarnated.

In the company I'm just the bean counter.  Over the last month our owners have taken on a $5 million loan to expand operations into three low desert areas.  I did get a 2% raise effective 1/1/14...first since 2006 (wages and bonuses were frozen when we realized that we were headed into a recession.  This time, no one apparently wants to acknowledge what is right in their face.)

On Friday I will be buying about $3k in 1/10 ounce gold, another thousand rounds and stocking up the 'extended pantry'.

Wed, 02/05/2014 - 07:22 | 4403200 smacker
smacker's picture

"#1 Doug Casey: "Now is a very good time to start thinking financially because I'm afraid that this year, in 2014, we're going to go back into the financial hurricane. We've been in the eye of the storm since 2009, but now we're going to go back into the trailing edge of the storm, and it's going to be much longer lasting and much worse and much different than what we had in 2008 and 2009." "

I have long said that all the talk of Crash I (2007-8) & Crash II (anytime now) as if they were two unrelated events, was misguided.

The two events are Part I & Part II of the same crash. The period in between has been consumed by central banks and governments getting their ducks in a row.

 

"#4 Peter Schiff: "The crisis is imminent," Schiff said.  "I don't think Obama is going to finish his second term without the bottom dropping out. And stock market investors are oblivious to the problems." "

Well, Obama walked into a huge mess. Absent having a clue what to do, his two terms have been spent stirring it up and peddling socialism. It's inevitable that when he leaves office the mess is still there.

Wed, 02/05/2014 - 07:24 | 4403204 Smuckers
Smuckers's picture

I guess those green shoots were in fact, just mold.

 

Wed, 02/05/2014 - 08:16 | 4403234 kenezen
kenezen's picture

The Markets are international "S&P" It goes up with additional gross consumption as Manufacturing meets the demand;and, goes down when consumption slow downs occur under most conditions. Under these current conditions there are no saving masses coming in to consume world wide!

America under Obama and Bush have not in any way positioned the country to be a Good Manufacturer as our MFG has all but disappeared and our consumption is mostly on credit!

Perhaps we'll finally get a Dictator. That sometimes happens to countries that have been in this position. It certainly appears so!

The President appears eager to do just that!

Wed, 02/05/2014 - 09:04 | 4403338 falak pema
falak pema's picture

OT/ Consider This looking ahead : THE POLITICS OF FUNDING THE CRONY CAPITALISTIC DC CABAL AND WHO PAYS FOR IT. 

Read this :

Money Is Pouring Into Super PACs Even Without A Presidential Race

AND FOR YOU ZH TEA PARTY ZEALOTS CHEW ON THIS : 

Republicans, on the other hand, are increasingly reliant on the "dark money" nonprofit network created and funded by the billionaire Koch brothers. Unlike super PACs, these nonprofits are not required to disclose their donors.

The Kochs' Americans for Prosperity is already leading the way in the congressional midterm elections with more than $20 million spent to run over two dozen ads. This puts the group's spending well ahead of that of any super PAC, a feat noted by Senate Majority PAC spokesman Ty Matsdorf.

"While we may have outraised certain groups, our supporters know the Koch brothers have unlimited funds, so we have to be even more aggressive earlier this cycle," Matsdorf said.

While the Kochs and their conservative donor network dominate the world of dark money, Democratic-aligned donors filled the ranks of the top funders of super PACs last year. Of the 38 donors who gave $500,000-plus to super PACs in 2013, 29 gave to groups working predominantly to elect Democratic candidates. These included Steyer, former New York City Mayor Michael Bloomberg, father-and-son investors George and Jonathan Soros, hedge fund executive Donald Sussman, Silicon Valley billionaires Marc Benioff and Sean Parker, trial lawyers Steve and Amber Mostyn, and Austin, Texas-based doctor and lawyer Carolyn Oliver.

Dark Money....Tea PArty...wowie, kocha doodle dandy. 

What say you, those who defend the truth and the republican ethos?

Wed, 02/05/2014 - 09:16 | 4403394 Oldwood
Oldwood's picture

When you believe you are battling the devil there are no limits to your efforts. It is war! And those who think they are trying to do good will accept the help of just about anyone to advance their goals. It is simply escalating and will likely end in a great shitstorm. I do not begrudge anyone for pursuing their goals. I just despise the dishonesty and corruption. It is so deep now that all discussions revolve around who is the worst of them all. There is very little to be positive about.

Wed, 02/05/2014 - 09:27 | 4403424 falak pema
falak pema's picture

Well Said. THe road to hell  paved with "good", "god wills it" type intentions! 

GWB could have hired  the "you"  in your post,  to write the Patriot Act, to spawn the drone brigade and to "NSA" the whole wide world.

The end justifes the means...Amen. Brother Machiavelli. 

While we ....Wait for the Renaissance!

Wed, 02/05/2014 - 09:29 | 4403439 2bit Hoarder
2bit Hoarder's picture

Was there a point?  I read that the Koch bothers are donating lot of money but will never approach the amounts that unions and other plantation owners will be able to throw at the DNC ... is that what you were trying to say?  

 

Either way, what does this have to do with the post?  Or do you suffer from conversational tourettes .... yell out random unrelated comments ... (in case you did not understand what I was talking about ... your reading comprehension is a bit suspect at this point).

Wed, 02/05/2014 - 09:48 | 4403520 falak pema
falak pema's picture

out of consideration for the one tracked like you I did post : OT.

The principle of my posts is as follows : anything worthy of debate merits to be posted.

And this is a genuine topic about the way democracy is practiced in the good ole USA with billions and godzillions while the 50% are on food stamps. 

Sorry if I ruffled your microscopic feathers.

Either way, its not my way or the highway; that's your way.

Wed, 02/05/2014 - 09:17 | 4403397 GK
GK's picture

The technicals are just saying that the Dow can drop another 1000 points and still be in an uptrend

Wed, 02/05/2014 - 09:29 | 4403431 hootowl
hootowl's picture

Uptrend....?  Compared to what?

Wed, 02/05/2014 - 11:01 | 4403852 Oldwood
Oldwood's picture

Its all an uptrend, right? I mean after all, we all "think" we are ultimately headed for heaven. Maybe 72 virgins? Who the fuck knows? All any of us knows is that the only answer to our fears when we find ourselves on a tall rickety ladder is "do not look down".

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