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Will 2015 Be A Year Of Economic Disaster? 11 Perspectives

Tyler Durden's picture




 

Submitted by Michael Snyder via The Economic Collapse blog,

Will 2015 be a year of financial crashes, economic chaos and the start of the next great worldwide depression?  Over the past couple of years, we have all watched as global financial bubbles have gotten larger and larger.  Despite predictions that they could burst at any time, they have just continued to expand.  But just like we witnessed in 2001 and 2008, all financial bubbles come to an end at some point, and when they do implode the pain can be extreme.

Personally, I am entirely convinced that the financial markets are more primed for a financial collapse now than they have been at any other time since the last crisis happened nearly seven years ago.  And I am certainly not alone.  At this point, the warning cries have become a deafening roar as a whole host of prominent voices have stepped forward to sound the alarm.  The following are 11 predictions of economic disaster in 2015 from top experts all over the globe…

#1 Bill Fleckenstein: “They are trying to make the stock market go up and drag the economy along with it. It’s not going to work. There’s going to be a big accident. When people realize that it’s all a charade, the dollar will tank, the stock market will tank, and hopefully bond markets will tank. Gold will rally in that period of time because it’s done what it’s done because people have assumed complete infallibility on the part of the central bankers.”

#2 John Ficenec: “In the US, Professor Robert Shiller’s cyclically adjusted price earnings ratio – or Shiller CAPE – for the S&P 500 is currently at 27.2, some 64pc above the historic average of 16.6. On only three occasions since 1882 has it been higher – in 1929, 2000 and 2007.”

#3 Ambrose Evans-Pritchard, one of the most respected economic journalists on the entire planet: “The eurozone will be in deflation by February, forlornly trying to ignite its damp wood by rubbing stones. Real interest rates will ratchet higher. The debt load will continue to rise at a faster pace than nominal GDP across Club Med. The region will sink deeper into a compound interest trap.”

#4 The Jerome Levy Forecasting Center, which correctly predicted the bursting of the subprime mortgage bubble in 2007: “Clearly the direction of most of the recent global economic news suggests movement toward a 2015 downturn.”

#5 Paul Craig Roberts: “At any time the Western house of cards could collapse. It (the financial system) is a house of cards. There are no economic fundamentals that support stock prices — the Dow Jones. There are no economic fundamentals that support the strong dollar…”

#6 David Tice: “I have the same kind of feel in ’98 and ’99; also ’05 and ’06.  This is going to end badly. I have every confidence in the world.”

#7 Liz Capo McCormick and Susanne Walker: “Get ready for a disastrous year for U.S. government bonds. That’s the message forecasters on Wall Street are sending.”

#8 Phoenix Capital Research: “Just about everything will be hit as well. Most of the ‘recovery’ of the last five years has been fueled by cheap borrowed Dollars. Now that the US Dollar has broken out of a multi-year range, you’re going to see more and more ‘risk assets’ (read: projects or investments fueled by borrowed Dollars) blow up. Oil is just the beginning, not a standalone story.

If things really pick up steam, there’s over $9 TRILLION worth of potential explosions waiting in the wings. Imagine if the entire economies of both Germany and Japan exploded and you’ve got a decent idea of the size of the potential impact on the financial system.”

#9 Rob Kirby: “What this breakdown in the crude oil price is going to spawn another financial crisis.  It will be tied to the junk debt that has been issued to finance the shale oil plays in North America.  It is reported to be in the area of half a trillion dollars worth of junk debt that is held largely on the books of large financial institutions in the western world.  When these bonds start to fail, they will jeopardize the future of these financial institutions.  I do believe that will be the signal for the Fed to come riding to the rescue with QE4.  I also think QE4 is likely going to be accompanied by bank bail-ins because we all know all western world countries have adopted bail-in legislation in their most recent budgets.  The financial elites are engineering the excuse for their next round of money printing . . .  and they will be confiscating money out of savings accounts and pension accounts.  That’s what I think is coming in the very near future.”

#10 John Ing: “The 2008 collapse was just a dress rehearsal compared to what the world is going to face this time around. This time we have governments which are even more highly leveraged than the private sector was.

So this time the collapse will be on a scale that is many magnitudes greater than what the world witnessed in 2008.”

#11 Gerald Celente: “What does the word confidence mean? Break it down. In this case confidence = con men and con game. That’s all it is. So people will lose confidence in the con men because they have already shown their cards. It’s a Ponzi scheme. So the con game is running out and they don’t have any more cards to play.

What are they going to do? They can’t raise interest rates. We saw what happened in the beginning of December when the equity markets started to unravel. So it will be a loss of confidence in the con game and the con game is soon coming to an end. That is when you are going to see panic on Wall Street and around the world.”

If you have been following my website, you know that I have been pointing to 2015 for quite some time now.

For example, in my article entitled “The Seven Year Cycle Of Economic Crashes That Everyone Is Talking About“, I discussed the pattern of financial crashes that we have witnessed every seven years that goes all the way back to the Great Depression.  The last two major stock market crashes began in 2001 and 2008, and now here we are seven years later.

Will the same pattern hold up once again?

In addition, there are many other economic cycles that seem to indicate that we are due for a major economic downturn.  I discussed quite a few of these theories in my article entitled “If Economic Cycle Theorists Are Correct, 2015 To 2020 Will Be Pure Hell For The United States“.

But just like in 2000 and 2007, there are a whole host of doubters that are fully convinced that the party can continue indefinitely.  Even though our economic fundamentals continue to get worse, our debt levels continue to grow and every objective measurement shows that Wall Street is more reckless and more vulnerable to collapse than ever before, they mock the idea that a financial collapse is imminent.

So let’s see what happens in 2015.

I have a feeling that it is going to be an extremely “interesting” year.

 

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Tue, 01/06/2015 - 21:52 | 5630894 TeamDepends
TeamDepends's picture

When there is blood in the streets, opportunity knocks.

Tue, 01/06/2015 - 21:57 | 5630908 nink
nink's picture

I will just wait for the fed cat bounce

Tue, 01/06/2015 - 22:08 | 5630936 Manthong
Manthong's picture

Anybody up for a little bird watching right about now?

http://i.imgur.com/eMhKQLQ.jpg

 

Wed, 01/07/2015 - 01:48 | 5631415 Anusocracy
Anusocracy's picture

I'd watch the mankeys, the monkeys in human clothing.

Which is more likely?

Struggles for power within a group sometimes culminate in a revolution, in which all members of the most dominant family are suddenly attacked by entire families of subordinates. These revolutions result in drastic changes in the structure of power within rhesus societies, not unlike those occurring following human revolutions.

or

There is one situation, however, in which all of the well-established social structure evaporates: when a group of rhesus macaques confronts another one and monkey warfare begins. Rhesus macaques dislike strangers and will viciously attack their own image in a mirror, thinking it's a stranger threatening them. When warfare begins, "Even a low-ranking rhesus loner becomes an instant patriot. Every drop of xenophobia in rhesus blood is transformed into fuel for battle," Maestripieri wrote.

http://www.eurekalert.org/pub_releases/2007-10/uoc-ham102407.php

Wed, 01/07/2015 - 02:05 | 5631426 Jeff the Terrible
Jeff the Terrible's picture

Isn't always just around the corner Tyler?

 

 

https://www.youtube.com/watch?v=VI6tBwVjyOY

Wed, 01/07/2015 - 06:09 | 5631585 Thom_333
Thom_333's picture

Yes - and if it comes to pass they´ll just print up more money.

Wed, 01/07/2015 - 06:37 | 5631599 cnmcdee
cnmcdee's picture

This is a Shemitah year...

They predict financial recessions and depressions with complete accuracy and this one started on Sep 04, 2014 and will end Sep 13, 2015. They occur every 7 years on a Hebrew calendar. The last 2 Shemitah years ended perfectly to the day with 7% market crashes intermixed into large recessions.

Do not be long into anything except phyzz possibly until the window closes. The one comment was clear bail-ins are embedded into the law books so even if you do make money they could simply seize it 'The Obama Freeze cometh! '

Wed, 01/07/2015 - 09:58 | 5632057 DaddyO
DaddyO's picture

To take your line of thinking to its conclusion, according to many rabbinical scholars, this is the 7th Shemitah in the jubilee cycle.

This means 2016 is a jubilee year...

Historically speaking, jubilee years are always frought with war, global woar.

Hedge accordingly...

DaddyO

Wed, 01/07/2015 - 11:16 | 5632528 froze25
froze25's picture

I have looked into the Shemitah and the Jubilee cycle.  The coincidence is very interesting but I am into that sort of thing.

Wed, 01/07/2015 - 10:28 | 5632283 JRobby
JRobby's picture

"clear bail-ins are embedded into the law books"

And the sheeple are completely unaware

Wed, 01/07/2015 - 10:24 | 5632267 JRobby
JRobby's picture

Got QE ?

Tue, 01/06/2015 - 23:03 | 5631068 Overfed
Overfed's picture

At last! The Mike Snyder itemized list I was waiting for!

Tue, 01/06/2015 - 22:02 | 5630926 Oldwood
Oldwood's picture

sorry but i have no intention of being an undertaker.

If the only way I can profit is from the misery of others, I choose not.

Tue, 01/06/2015 - 22:26 | 5630987 Thomas
Thomas's picture

I also do not wear a purple mohawk on my head these days. I could put one on my back I guess...

Tue, 01/06/2015 - 22:40 | 5631017 TungstenBars
TungstenBars's picture

If you did not create the misery you might as well make the most of it for yourself. 

Wed, 01/07/2015 - 14:39 | 5633531 malek
malek's picture

If you did not create the misery, and did not promote it, and have stated your opinion that things were moving in a bad direction to anyone who was willing to listen,
there is nothing you need to be ashamed of.

I am not guilty of all the bad things happening in the world, and I do not need to prove anything to have the right to pick up the pieces after a collapse caused by the madness of crowds.

Tue, 01/06/2015 - 22:41 | 5631019 nuke ISIS now
nuke ISIS now's picture

Get ready to start doing the backstroke through the plasma rivers that will runnng down main street

Wed, 01/07/2015 - 02:33 | 5631442 Parrotile
Parrotile's picture

Not if it is this sort of "Plasma River" you won't!! :-) http://www.nasa.gov/sites/default/files/10461394966_08065d9cd4_o.jpg

Tue, 01/06/2015 - 21:55 | 5630900 q99x2
q99x2's picture

BTFD and stop worrying. You are in hands.

Tue, 01/06/2015 - 22:31 | 5631002 weburke
weburke's picture

  what people? "When people realize that it’s all a charade, the dollar will tank, the stock market will tank, and hopefully bond markets will tank."

Tue, 01/06/2015 - 23:50 | 5631183 ThirteenthFloor
ThirteenthFloor's picture

It's easier to anticipate what will happen vs. when it will happen. Dollar will lose a significant if not all as global trade standard, for 2-3 reasons, producing and resource nations are drowning in treasuries that are really toilet paper, US using war or CIA to protect dollar is exposed and growing tired, US has little production or resource production or real assets other than real estate which is already getting all sold .

It no longer matters what Americans think about the US economy, only what the producing countries think, and BRICS and OPEC have made the first moves in 2014.

Tue, 01/06/2015 - 21:55 | 5630902 SilverFish
SilverFish's picture

No.

Tue, 01/06/2015 - 22:01 | 5630917 Son of Captain Nemo
Son of Captain Nemo's picture

Either you are with us... Or... You are with the ______ ! (replace terrorist with the appropriate word for the institution responsible for monetization of debt through usury that made terrorism possible)!!!

http://investmentwatchblog.com/this-is-a-paragraph-about-the-financial-c...

 

 

 

Wed, 01/07/2015 - 00:11 | 5631236 ThirteenthFloor
ThirteenthFloor's picture

The sound of a desperate nation. I no longer cry for America, that unknowingly sold her soul.

Tue, 01/06/2015 - 22:01 | 5630920 Seasmoke
Seasmoke's picture

2001 add a 7 = 2008 collapse. 

2008 add a 7 = 2015 collapse. 

Tue, 01/06/2015 - 22:11 | 5630944 Took Red Pill
Took Red Pill's picture

Christine Lagarde is that you?

Tue, 01/06/2015 - 22:25 | 5630983 Thomas
Thomas's picture

I have a crush on Christine Lagarde. 

Tue, 01/06/2015 - 22:30 | 5630997 OV61FVF
OV61FVF's picture

Better than Judi Dench.

Wed, 01/07/2015 - 00:42 | 5631317 old naughty
old naughty's picture

But 2001 was a 3; 2008 was a 1; and 2015 is an 8...No, no scarf;

 

unless, sum ding else.

Wed, 01/07/2015 - 10:12 | 5632207 messymerry
messymerry's picture

I don't care when it happens as long as it happens on Oblama's watch.   (the man who would be king)  OBTW:  I like older women tool.  ;-D

Wed, 01/07/2015 - 01:11 | 5631363 Keyser
Keyser's picture

You know she doesn't shave, right?

Wed, 01/07/2015 - 04:15 | 5631508 Sudden Debt
Sudden Debt's picture

Oeehh! A wildcat!!! Let’s go to the bush and snoop for it!

Tue, 01/06/2015 - 22:17 | 5630963 Drummond
Drummond's picture

2001 deduct 7 = 1929 collapse

Tue, 01/06/2015 - 22:24 | 5630982 Uber Vandal
Uber Vandal's picture

2001 = not a lot of good things happened.....

2001 - 7 = 1994 Mexican Peso Crisis / Bond Crash

1994 - 7 = 1987 Stock market crash

All coincidental of course......

 

Wed, 01/07/2015 - 00:50 | 5631332 Tall Tom
Tall Tom's picture

1987 - 7 = 1980  Massive Recession. Interest Rates were Double Digit. Inflation was Double Digit.

 

1980 - 7 = 1973 Arab Oil Shock causes Deep Recession in 1974

 

1973 - 7 = 1967 Israeli - Arab War. US Stocks decline off of 1966 Highs. USS Liberty attacked by Israel

 

!960 Recession

1953 End of Korean War Recession

1946 End of World War II Recession

1939 Start of World War II

1932 Depths of Great Depression

 

 

1925 is when this idea falls apart. Roaring Twenties. Good Time.

Wed, 01/07/2015 - 01:13 | 5631366 Uber Vandal
Uber Vandal's picture

An 83 year run is pretty good.

1925 was, however, during the housing bubble in Florida. If one reads the quotes from the link below, one will see that history does indeed rhyme.

http://xroads.virginia.edu/~HYPER/ALLEN/ch11.html

And finally, another result of Coolidge Prosperity: not only did John Jones expect that presently he might be able to afford a house at Boca Raton and a vacation-time of tarpon-fishing or polo, but he also was fed on stories of bold business enterprise and sudden wealth until he was ready to believe that the craziest real-estate development might be the gold-mine which would work this miracle for him.

 

Crazy real-estate developments? But were they crazy? By 1925 few of them looked so any longer. The men whose fantastic projects had seemed in 1923 to be evidences of megalomania were now coining millions: by the pragmatic test they were not madmen but-as the advertisements put it- inspired dreamers. Coral Gables, Hollywood-by-the-Sea, Miami Beach, Davis Islands-there they stood: mere patterns on a blue-print no longer, but actual cities of brick and concrete and stucco; unfinished, to be sure, but growing with amazing speed, while prospects stood in line to buy and every square foot within their limits leaped in price.

 

(Alas for soaring vision! Among the things which ten years were to bring was an advertisement in the New York Times reminding the holders of nine series of bonds of the City of Coral Gables that the city had been "in default of the payment of principal and interest of a greater part of the above bonds since July 1, 1930.")

 

A lot in the business center of Miami Beach had sold for $800 in the early days of the development and had resold for $150,000 in 1924. For a strip of land in Palm Beach a New York lawyer had been offered $240,000 some eight or ten years before the boom; in 1923 he finally accepted $800,000 for it; the next year the strip of land was broken up into building lots and disposed of at an aggregate price of $1,500,000; and in 1925 there were those who claimed that its value had risen to $4,000,000. A poor woman who had bought a piece of land near Miami in 1896 for $25 was able to sell it in 1925 for $150,000. Such tales were legion; every visitor to the Gold Coast could pick them up by the dozen; and many if not most of them were quite true-though the profits were largely on paper. No wonder the rush for Florida land justified the current anecdote of a native saying to a visitor, "Want to buy a lot?" and the visitor at once replying, "Sold."

 

The binder, of course, did not complete the transaction. But few people worried much about the further payments which were to come. Nine buyers out of ten bought their lots with only one idea, to resell, and hoped to pass along their binders to other people at a neat profit before even the first payment fell due at the end of thirty days. There was an immense traffic in binders-immense and profitable.

 

 

Wed, 01/07/2015 - 05:10 | 5631550 effendi
effendi's picture

1973-7 is 1966 not 1967. So now all the other years are wrong.

This is also assuming that recessions and turmoil are based on the Gregorian calendar and not the Julian calendar. Merry Orthodox Christmas.

I'll bet the Chinese, muslims, Thais etc (all with their own calendars) could make similar silly predictions and also WW2 didn't start in 1939 but several years earlier in China and Abbasinia.

 

Tue, 01/06/2015 - 22:00 | 5630921 Drummond
Drummond's picture

I'm so prepared I doubt I'll even notice. Already got full Jerry cans ratcheted to my motor mad max style. This will be a piece of piss.

Tue, 01/06/2015 - 22:04 | 5630929 OV61FVF
OV61FVF's picture

Just buy the dip. Janet has your back...

https://www.youtube.com/watch?v=0akBdQa55b4

 

Tue, 01/06/2015 - 22:07 | 5630930 spinone
spinone's picture

2015 will be the biggest bear trap in history.

And the working man will never had it worse.

Wed, 01/07/2015 - 14:42 | 5633539 malek
malek's picture

At least for the bond market you will likely be correct.

Tue, 01/06/2015 - 22:20 | 5630967 Impotent_Smurf
Impotent_Smurf's picture

Summer 2015 will be the summer of George!

Tue, 01/06/2015 - 23:06 | 5631081 OV61FVF
OV61FVF's picture

George likes his chicken spicy!

https://www.youtube.com/watch?v=tGuXxHTgdWk

Tue, 01/06/2015 - 22:19 | 5630968 The Shape
The Shape's picture

Just out of the oven, 2014's reheated predictions ready to happen in 2015 (or 2016, or 2017 maybe)

Tue, 01/06/2015 - 22:20 | 5630971 10mm
10mm's picture

And the beat go's on. 

Tue, 01/06/2015 - 22:32 | 5631003 buzzsaw99
buzzsaw99's picture

#7 = LULZ

Wed, 01/07/2015 - 14:42 | 5633543 malek
malek's picture

Yep. The bond market is the last thing they would let collapse.

Tue, 01/06/2015 - 22:35 | 5631011 Pinche Caballero
Pinche Caballero's picture

Watching, stacking, preparing, waiting,

no longer caring,

Tue, 01/06/2015 - 23:00 | 5631066 n8dawg84
n8dawg84's picture

Exactly. Timing matters little. Its gonna happen so lets get ready while we can and who gives a fuck

Tue, 01/06/2015 - 22:41 | 5631016 ZomBiEHiGH
ZomBiEHiGH's picture

Just cleanin' the AR(s)... lol this bitch better crash and burn... like now. Bitchez.

Tue, 01/06/2015 - 23:12 | 5631098 n8dawg84
n8dawg84's picture

Ive cleaned and squared away my defensive weapons as well. Hoping the collapse waits till Feb when the next big gun show comes around and I can strengthen my armory.

GL all

Tue, 01/06/2015 - 22:42 | 5631020 explosivo
explosivo's picture

What are the chances it will happen before March?

Wed, 01/07/2015 - 01:21 | 5631380 noben
noben's picture

Zero. Hedge... accordingly.

Tue, 01/06/2015 - 22:43 | 5631028 Gregor Samsa
Gregor Samsa's picture

Hey lets find a bunch of people who have been predicting economic doom for years and ask them what they think about 2015! The shocking result? They predict economic doom in 2015. 

(not saying they are necessarily wrong, just that the premise here is a bit rubbish).

Tue, 01/06/2015 - 23:59 | 5631200 Sambo
Sambo's picture

We are already in a deep economic mess. What other doom scenario do you expect?

The doomsday is here.....has been since 2008.

 

Wed, 01/07/2015 - 00:54 | 5631335 Gregor Samsa
Gregor Samsa's picture

Except the "deep mess" has been mitigated since 2008 through market manipulation, money manipilation, QE, etc. So the real question here is whether the doomsayers will be right, or if there will simply be more mitigation? It's all about control. The elites don't want a financial crash and angry, hungry mobs roaming the streets and storming their fancy mansions. They want the mobs kept fat, dumb, and under control. If you really want a mindfuck, consider the possiblity that all the events that are unfolding right now are pre-planned, intentional, and that mitigations are already lined up.

Wed, 01/07/2015 - 07:29 | 5631632 new game
new game's picture

smartest played the game and converted profits to pm, prepping stuffs. they are the truely ballsy smart money types. many are posters here. no mater what happens, ha...

Wed, 01/07/2015 - 10:54 | 5632405 JRobby
JRobby's picture

+10,000

Mitigation continues. Q1 2015 will be interesting to watch.

The "in your face" fortification of local police will deter some but not enough.

Wed, 01/07/2015 - 01:05 | 5631357 CaptainObvious
CaptainObvious's picture

"The doomsday is here.....has been since 1913."

Fixed it for ya.

Wed, 01/07/2015 - 07:30 | 5631633 new game
new game's picture

82/7=___; sum ting wong!! ha,...

Wed, 01/07/2015 - 11:06 | 5632468 JRobby
JRobby's picture

I'm sure they thought "100 years from now we will all be dead so lets fleece em' like we know we can"

Same sociopathic mindset passes on from generation to generation amongst the bankster elite of course. There are more of them now so the criminality accelerates. If it wasn't for innovations that really served society (then were rapidly financialized) it would have crashed a long time ago.

Wed, 01/07/2015 - 01:46 | 5631414 kumquatsunite
kumquatsunite's picture

Well, maybe they were "predicting" because they know the outcome of the actions; they might not be able to "predict" that point in time when they pushing-on-a-string doesn't work anymore, but they know that sooner-or-later the "balloon" can' take anymore air and pops. 

Unfortunately, the balloon has been filled with a lot of people, aka "immigrants," who don't care about America. They only came here to reap what they could while they could. Good luck with that California, New York, and Texas. Any state with a sizeable proportion of "immigrants" won't feel good when they hunker down in their groups and ignore what's good for America in order to skim for their own. Oh duh, that's already happening...Cha!

Tue, 01/06/2015 - 22:58 | 5631063 Osmium
Osmium's picture

"At this point, the warning cries have become a deafening roar as a whole host of prominent voices have stepped forward to sound the alarm."

Which is exactly why it will not happen.

Tue, 01/06/2015 - 23:05 | 5631073 Bennie Noakes
Bennie Noakes's picture

Forget those wankers. I want to know what Cramer thinks! \not

Wed, 01/07/2015 - 05:16 | 5631556 basho
basho's picture

cramer thinks - oxymoron

Wed, 01/07/2015 - 10:19 | 5632242 messymerry
messymerry's picture

Cramer tries to think, but nuthin' happens.  With apologies to the Three Stooges.   ;-D

Tue, 01/06/2015 - 23:21 | 5631111 kchrisc
kchrisc's picture

"On only three occasions since 1882 has it been higher – in 1929, 2000 and 2007.”

This time could be different?! Right?! Maybe?! Come on, lie to me.

The banksters need to repay us.

Wed, 01/07/2015 - 01:01 | 5631353 falconflight
falconflight's picture

Don't the politicians have a rather substantial debt to pay us?

Wed, 01/07/2015 - 01:41 | 5631406 kchrisc
kchrisc's picture

They're on the list. Bet on that.

However, the banksters make an easier target, as it is easier to point out and have people recognize their maleficence.

The banksters need to repay us.

 

Guillotine them all and let God sort them out.

Wed, 01/07/2015 - 11:07 | 5632481 JRobby
JRobby's picture

"Guillotine them all and let God sort them out"

A tempting proposition

Tue, 01/06/2015 - 23:23 | 5631124 RagnarDanneskjold
RagnarDanneskjold's picture

#12 Liu Junluo sees a repeat of the 1997 currency crisis for China, due to massive losses in (non-dollar) foreign currency holdings, natural resource investments and real estate.

#13 Niu Dao sees the collapse in oil as a reflection of a collapsing Chinese economy, and sees a repeat of the Latin American currency crisis of the early 1980s for China, with the USD Index topping out at 171.

Liu Junluo Sees Path to 1997 Repeat, Niu Dao Sees Path to Latin American Crisis of 1980s

Wed, 01/07/2015 - 00:01 | 5631206 Sambo
Sambo's picture

All these financial 'wizards' and crooks who have brought suffering to billions of people on this planet, should burn in hell for the next one thousand years.

Wed, 01/07/2015 - 11:09 | 5632488 JRobby
JRobby's picture

Eternity

Fixed it

Wed, 01/07/2015 - 00:30 | 5631290 Bunga Bunga
Bunga Bunga's picture

Don't worry, buy moar stocks.

Wed, 01/07/2015 - 00:40 | 5631292 Chupacabra-322
Chupacabra-322's picture

"It’s a Ponzi scheme."

"When all else fails, they take you to war."

"Currency wars, trade wars & world wars."

"When people lose everything & have nothing left to lose, they lose it."

-Gerald Celente.

Wed, 01/07/2015 - 00:36 | 5631303 European American
European American's picture

#12 Charlie Lutes

The Coming of the New World

It can be said that our world is really many worlds containing people at various levels of consciousness and behavior patterns, living within different geographical environments. So what may be truth for one level of consciousness and for one environment is probably not true for another.

Some parts of the world reflect more negativity than other parts. Some parts are so negative that they are unable to embody constructive energy of expression. Also, some parts of the world will experience disastrous impacts either from human causes such as wars, and so forth, or from natural causes, such as earthquakes, tidal waves, fires, and so forth.

The earth at the present time is undergoing a cleansing of excess negativity. So, disasters of one nature or another will occur unless there are forces of creativity emerging in a strong fashion to neutralize the destructive forces. If we are in tune with God then a protective shield will surround us and keep us safe.

In this world we experience just what we attract to ourselves, and this is determined by our attitude and by our devotion to God. Those who are in the process of expressing a more enlightened and positive awareness in life, are attracting to themselves only creative and positive experiences. Their world holds no suffering or disaster for them - such is the nature of the world and the nature of nature itself.

At the present time we live in a dual world; one open to experiencing negativity and destruction, the other open to manifesting positive creativity and peace in the world. The coming of the New Age heralds many changes; some radical and some not so severe. These changes, though resisted by many, will come. They will be destructive to many, yet uplifting to others. It will be the end of the world for many, yet the beginning of a new world for many more. If we live the law, the law will support us. If we do not support the law, we will be abandoned by the same law. The first law of creation is the law of love.

In the future there will be many souls who will not be able to incarnate on this planet, for to do so would be to expose themselves to vibrations beyond their ability to withstand. On the other hand, there are numerous higher beings who would like to incarnate upon this earth, only the vibrations at present are too low and too gross for them, because the earth of today has very intense material vibrations of a low nature. The earth of tomorrow will, however, be a vastly different heavenly earth. That is why it will be called, Heaven on Earth.

Many people feel that destruction is a fast way into the New Age, but it is not. It only creates new burdens and in many cases retards our progress. The object is not to destroy the old, but rather to superimpose the new over the old. The earth did not create the low vibrations. The humans did this.

The earth is now in the process of raising its own vibrations so that truly there will be a new heaven and a new earth, and there will come a flood of love that will cover the earth from pole to pole. Those coming into this earth will be high souls, and the path to liberation will be made much easier. Because, then we will have mastered our own human nature and we will be on our way to become masters of nature and ultimately masters of the entire universe.

The prophesies of the scriptures will be fulfilled and there will be a new heaven and a new earth, and a new Jerusalem (meaning spirituality) will descend upon the earth. A new earth of heavenly vibrations will create a new heaven and a new Jerusalem; this means spirituality will descend upon the earth and the devil (meaning negativity and destructive forces) will be chained and cast into the bottomless pit; meaning that where love and spirituality reign negativity and hate cannot co-exist. It is the human who expresses one or the other. In the New Age now upon us, only our God nature will be expressed, and heaven will be on earth for all to love and enjoy. From day to day we will now see the breakups of old patterns and the coming forth of new age patterns that will endure for two-thousand years. It will be very interesting for some and a disaster for others.

 

Wed, 01/07/2015 - 01:04 | 5631358 durablefaith
durablefaith's picture

Ummm. What ?

Which prophecies are you referring to that will come to pass?

Suffering like has never been seen on earth before and will never be equaled again? The great falling away? Who can make war against the beast?

When you attempt to make the case for the age of aquarius using bible references...#fail.

Wed, 01/07/2015 - 05:16 | 5631554 basho
basho's picture

let's see if i understand this. we have f*cked up the world we are in so someone is going to give us a new one to f*ck up. cool.

Wed, 01/07/2015 - 00:40 | 5631310 lasvegaspersona
lasvegaspersona's picture

If 2015 is the year then Senator Judd Gregg (NH) gets full props. That is the year he called in 2009.

Wed, 01/07/2015 - 12:58 | 5632988 nofluer
nofluer's picture

In October 2009, Gregg said, "You talk about systemic risk. The systemic risk today is the Congress of the United States...we’re creating these massive debts which we’re passing on to our children...(the figures) mean we’re basically on the path to a banana republic-type of financial situation in this country.[23] "

Wed, 01/07/2015 - 00:43 | 5631313 Divine Wind
Divine Wind's picture

 

 

But.... but.... Martin Armstrong says the stock market will continue to rise as institutional money from abroad is pouring in for safety.

In his words, the USD will be the "last man standing."

Not saying I agree with him on this statement, but he makes complete sense in terms of the larger inbound capital flows.

 

 

Wed, 01/07/2015 - 00:54 | 5631337 lasvegaspersona
lasvegaspersona's picture

Deflationis what is coming and what should happen. Deflation is painful however and it will be traded for hyperinflation when the Fed gets serious and 'gets to work'. It will be monetizing gum wrappers before its done. Dollars will be left in stacks for the children to play with and waste baskets will fill with billion dollar notes when the new trillion dollar notes finally arrive. Wheelbarrows will sell at a premium. There will be much sadness and suffering throughout the land.

Wed, 01/07/2015 - 01:43 | 5631407 kumquatsunite
kumquatsunite's picture

Yes, there will be difficulties because you can't import people, via immigration, when ya got no jobs for your own. How stupid is that? It is a Ponzi Scheme of All Ponzi Schemes. Americans just have to remember who they are and how to do things, and they'll be fine. 

Wed, 01/07/2015 - 13:13 | 5633085 nofluer
nofluer's picture

you can't import people, via immigration, when ya got no jobs for your own.

Ummm... actually you can because IIRC around 60% of new businesses in the US are started by 1st, 2nd or 3rd gen immigrants. ie the people/immigrants you're importing will turn out to start a LOT of new businesses, and employ a LOT of people! Thnking back to my HS class of >500 the only people that I can recall who "started companies" all became lawyers - and God knows we have enough of them and to spare!

Search "% of new businesses started by immigrants" then pick your favorite source. (Below not my favorites - just close to the top of the results)

http://www.huffingtonpost.com/2012/05/08/immigrants-new-businesses_n_149...

http://www.huffingtonpost.com/2013/04/22/american-companies-founded-by-i...

http://www.forbes.com/sites/robertlenzner/2013/04/25/40-largest-u-s-comp...

As an "almost an old geezer" I'm in favor of importing job creators - I mean somebody has to pay for my SS!!!

 

Wed, 01/07/2015 - 05:39 | 5631573 Mike in GA
Mike in GA's picture

He also is widely derided for the specificity of his 2015.75 target date of calamity.  That date is coming soon enough for all us skeptics to see.

In terms of the USD being last man standing, isn't that what's happening now?  The rise of the $ isn't because it's pretty, it's because of faith in the US taxpayer paying back the money.  I see this whole thing as headed toward the Keynesian end point playing out just as all the serious contrarians like Kyle Bass have been predicting.  

Wed, 01/07/2015 - 13:03 | 5633022 nofluer
nofluer's picture

In his words, the USD will be the "last man standing."

 

If you put ten ping-pong balls in a tub full of water then pull the plug they will ALL sink to the now waterless bottom of the tub. The end differences in relative elevation (one of them will no doubt be in the drain, while others will be a bit higher on the tub floor) will be irrelevant.

Wed, 01/07/2015 - 00:54 | 5631336 cherry picker
cherry picker's picture

Every generation goes through the same bullshit, so it is easy to forecast what is coming.

Now it is terrorist, insurgents, cops, the Fed, DC, Russia who are Evil.

In the past we had Nazis, Joe McCarthy, Slavery, Native hunting, Witch Hunting, and so on.

I wonder if these hardships are related to our collective hypocrisy?

Wed, 01/07/2015 - 13:16 | 5633108 nofluer
nofluer's picture

I wonder if these hardships are related to our collective hypocrisy?

More likely due to the nature of human beans.

Wed, 01/07/2015 - 00:56 | 5631343 MASTER OF UNIVERSE
MASTER OF UNIVERSE's picture

March 10th 2008 to March 10th 2015 = 7 year itch on Wall Street.

Wed, 01/07/2015 - 01:08 | 5631360 jack stephan
jack stephan's picture

http://youtu.be/K_XP0EXsT_4

 

my love is waiting when you reach the top, climb up on the adder honey what i got i better than money.

 

earth vs me, i bet on me

 

 

Wed, 01/07/2015 - 02:27 | 5631384 Chad_the_short_...
Chad_the_short_seller's picture

m

Wed, 01/07/2015 - 01:33 | 5631398 Victory_Garden
Victory_Garden's picture

Be it economic, unnatural natural, false flag, or on a geopolitical front, as long as this hoax dis-ease continues, and people continue to war against each other for profits and agendas behind agendas, one can surly bet on it. Disasters.

Of course, there is always the other side of the coin and Mighty Mouse comes to save the day.:

For edumacational purposes only.

https://www.youtube.com/watch?v=0xe5cQDIbMs

 

 

Wed, 01/07/2015 - 01:38 | 5631403 kumquatsunite
kumquatsunite's picture

In case ya'll are wondering, (see: Mexican President Enrique Pena Nieto, President Obama took the opportunity to tout his executive action to grant amnesty to the parents of illegal-alien children.

Read more at http://www.wnd.com/2015/01/obama-touts-amnesty-at-summit-with-mexican-pr...)

The look that the mexican president is giving obomao is the one that says: Why are you destroying the United States? 

Mexicans would never give their country over to foreigners...All those wars that have been fought; all the patriot Americans that have died? Oboma spits on them.

Wed, 01/07/2015 - 04:10 | 5631503 Jano
Jano's picture

Texas and California are mexican territories. They take it back.

Wed, 01/07/2015 - 01:41 | 5631405 Fuku Ben
Fuku Ben's picture

What is this your ode to Spinal Tap list?

Wed, 01/07/2015 - 01:52 | 5631420 franzpick
franzpick's picture

A 13th perspective is this live future showing crude sinking to $47.26 down 68c more, now just $5 away from the downside target of $42, but equities have 2% lower or more to go tomorrow or soon to catch up with the new oil lows:

http://www.investing.com/commodities/crude-oil-advanced-chart

Wed, 01/07/2015 - 02:28 | 5631436 tradewjoy
tradewjoy's picture

10 dollar short squeeze up on oil right now

Wed, 01/07/2015 - 02:28 | 5631438 tradewjoy
tradewjoy's picture

We see natural gas going up in historic fashion now . It can move to 9

Wed, 01/07/2015 - 03:41 | 5631480 freedom123
freedom123's picture

Putin regime going for collapse:

 

Russia faces 'perfect storm' as reserves vanish and derivatives flash default warnings BNP Paribas says Russia no longer has enough reserves to cover external debt and enters this crisis 'twice as levered' as it was before the Lehman crash

http://www.telegraph.co.uk/finance/economics/11328974/Russia-faces-perfe...

Wed, 01/07/2015 - 04:42 | 5631531 smacker
smacker's picture

Dear paid troll (Latvian potato head?).

The solution for Putin is to selectively default on Western banks. When they start whining, he tells them to talk to Washington, Westminster, Berlin, Brussels and NATO.

Wed, 01/07/2015 - 05:13 | 5631551 freedom123
freedom123's picture

Sir, you must know that than these Banks will be legit to seize assets of Russia (if it's goverment who defaults) or Putin oligarch regime companies (if it's companies who refuses to pay off their debt) - the assets they have out side Russia. This would mean that Russia goes on living North Korea style. That is the reasone why such a criminal czar as Putin, has not done it or otherway he would done it long time ago.

I am not paid by anyone to write truth at this site, I guess you judge others by your self.

Wed, 01/07/2015 - 14:52 | 5633582 malek
malek's picture

Truth could be written if you took off the blinders and considered both sides of situation before posting "I know it all" statements.
Please give us some examples where other countries defaulted and since then were treated/living North Korea style!

Note:
Still waiting on your concise reply to http://www.zerohedge.com/news/2015-01-03/only-stocks-are-left-minding-re...

Wed, 01/07/2015 - 13:21 | 5633142 nofluer
nofluer's picture

as reserves vanish

Ummm why am I doubting this? Perhaps because Russia mines gold by the bucket full? Is it perhaps that all Russia has to do to win the fiat wars is sit and wait, default on the fiat debt, then trot out his GOLD reserves. And da WINNAH is...

Wed, 01/07/2015 - 04:02 | 5631485 noben
noben's picture

TEOTWAWKI will not happen in 2015.

If anything it'll happen in Q3 or Q4 of 2016... when O is a total lame duck and the Election 2016 finalists are chosen.

It'll be just like 2008, when O stepped up on behalf of Bush and Wall St. Perfect Deja Vu, perfect timing and cover.

And if I had to pick a date, I'd use their sense of Lagardian numerology, and choose 11/9/2016 (2+1+6=9), and one week (7 days) after the Election.

Wed, 01/07/2015 - 04:58 | 5631542 andrewp111
andrewp111's picture

If I had to pick a date, I'd say 2018.  A lot of data in 2014 tracks 2004, so if the collpase track is the same, it should blow up in 2018-2019.

Wed, 01/07/2015 - 12:01 | 5632762 plane jain
plane jain's picture

I like your dates better. No real reason, other than later is better for us. More time to prep.

Wed, 01/07/2015 - 03:54 | 5631491 petedanels
petedanels's picture

08' was interrupted by our fed, and therefore unable to properly crash, burn, and heal.  Nothing was avoided, just delayed... And the cost of that will be so great, that even we here in this forum of truth & reality will actually be surprised, at least most of us.  I believe it's when that one extra person loses confidence, all hell will break lose.  

 

God help us, please.

Just wait for this president to sign an executive order banning gun ownership

Wed, 01/07/2015 - 05:08 | 5631492 Radical Marijuana
Radical Marijuana's picture

For those who might be interested in applying the speculations in the article above to the case of Canada, I provide the following information ... Canada is a relatively special case because, SO FAR, Canadians barely noticed the financial bubble popping in 2008.

http://www.zerohedge.com/news/2015-01-02/guest-post-oil-looming-canadian-housing-bubble-crash

Oil & The Looming Canadian Housing Bubble Crash
______________________________________________

One of the most awesome displays of the ability of the Canadian mass media to maintain their LYING BY OMISSION strategy was the way that they "reported" on the Canadian government's sudden jump in budgetary debt after the 2008 financial crises. Apart from a few tiny stories in the back pages of some of the financial press, the Canadian mass media deliberately ignored the over $100 billion provided through various Canadian bank bailouts, which were barely mentioned by the Canadian mass media, much less described as bank bailouts, despite their effects changing the Canadian government's predicted moderate annual budget surplus into a whopping $50 billion deficit.

‘Not a bailout’: the great Canadian bank caper

By Ralph Surette, June 19, 2010.

"You know how wonderful Canadian banks are. They didn’t fail when others did, and didn’t need to be bailed out. We are standing tall among nations in that regard, and the Harper government can stick out its chest and preach the Canadian model of prudence and caution to a profligate world. Even the Americans are agog at our fiscal virtue. ... Does this sound too cute? Here’s the inevitable other side of the story. The banks were actually 'bailed out' to the tune of $125 billion just before and after the 2008 election — in the form of a massive purchase of questionable mortgages and other "rotten paper," in the words of one economist, held by them. This was done through the Canada Mortgage and Housing Corporation, a federal agency. The taxpayer is now on the hook for these mortgages, 40 per cent of which are considered at risk, with more to come if interest rates rise and the economy dips again. But the kicker is this: Hardly anybody noticed. It wasn’t an issue in the election, and the financial press said nothing. ..."

http://www.segacs.com/2011/by-the-numbers-canadas-debt-load.html

Glance at the chart there, to see how the Federal government debt in Canada changed, before and after 2008.

CANADA IS STILL BLOWING BUBBLES!

When a financial bubble popped for much of the rest of the world, Canadians were mostly able to ignore that, and were able to continue to go on borrowing even more money.

http://www.cbc.ca/news/business/average-home-price-rises-almost-10-to-391-085-1.2465695

CBC News, December 16, 2013.

"New data released Monday from the organization that represents home sellers shows Canada's housing market continues to hit new highs, with the average price increasing by almost 10 per cent in the last 12 months to about $400,000."

http://www.ctvnews.ca/business/household-debt-in-canada-hits-all-time-high-but-may-be-nearing-limit-1.1590905

Household debt in Canada hits all-time high ...

By Julian Beltrame, December 13, 2013.

"... The increase means Canadians owe nearly $1.64 for every $1 in disposable income they earn in a year. ... Policymakers are fixated on the debt ratio in part because it was at above 160 per cent that households in the United States and Britain ran into trouble about five years ago, contributing to defaults and the financial crisis that triggered the 2008-09 recession."

WAY BACK, ON DECEMBER 23, 2013,
I wrote on the Forum I use as personal diary,
in the thread about
Some Monetary System articles:

"Most of the financial experts that I tend to respect predict that Canadian bubbles still can continue for another year or two ..."

Therefore, roughly about a year ago, I remarked that those financial experts that I respected were saying Canadian bubbles would probably pop during 2015.

The average Canadian does not have the slightest clue to be able to understand what has happened to places like Greece or Cyprus. It is quite surreal to be watching Canada continue to blow bigger bubbles, while most Canadians continue to think the same pre-bubble-popping ways that those in the USA and UK used to think back in 2007. AS ILLUSTRATED in the chart in the article linked at the beginning of this post, comparing American HOUSEHOLD DEBT-TO-INCOME to Canadian. The American dropped dramatically after the 2008 financial crises, while the Canadian WAS STILL ON AN EXPONENTIAL GROWTH UPWARDS ... SO FAR ...)

Canada is a relatively unique place in many ways, such as it has a publicly owned central bank, but has agreed to never use it since 1974. Instead, since then, Canada has been told what to do by the BIS, under the international banksters' systems. Canada is kind of cruising on autopilot, in the same basic colonial way that it has since it started. Canada still has a relatively small population, compared to its abundance of natural resources. When one looks at almost every factor, both today, and in foreseeable possible futures, Canada is better off than almost anywhere else, as demonstrated by Canadians still being able to operate inside of a bubble of debts that is constantly being blown bigger, with a common popular psychotic psychology due to their awesome level of collective deliberate ignorance, which has been so successfully managed and assuaged through the lying by omission of the Canadian mass media. As hard as it may be to believe, Canadian mass media are even more able to successfully lie by omission than American mass media. The flip side of Canadians being relatively comfortable, and relatively better off than people in almost every other country, is that the average Canadian is more abysmally ignorant, and happier to stay that way, than the people in almost any other country.

Of course, that is why predictions are like those of a useless Cassandra, since Canadians are living inside protected bubbles, which are constantly being blown bigger and bigger, while simultaneously, the psychology of Canadians is quite comfortable to remain within their bubbles of perception too. It is practically impossible for ordinary Canadians to even consider that what banksters like Goldman Sachs did to Greece, et alia, will eventually also be done to Canada too.

http://www.zerohedge.com/news/2013-12-23/former-goldman-banker-head-cmhc-canadas-mortgage-monster

Former Goldman Banker To Head CMHC: "Canada's Mortgage Monster"

In that context, I also REPEAT this too:

http://www.economist.com/news/americas/21574481-disappointing-exports-stalled-investment-and-fiscal-austerity-leave-overstretched-consumer?zid=305&ah=417bd5664dc76da5d98af4f7a640fd8a

Canada's economy on thinning ice

March 30, 2013.

"When the world financial system collapsed in 2007, triggering a global recession, Canada recovered faster than any of the other members of the G7 group of large developed countries. Its banks remained solid, while low interest rates encouraged consumers to borrow and spend. But five years on, consumers are showing signs of flagging. The economy is set to expand by a paltry 1.6% this year. So the authorities are casting around for another source of growth. The trouble is they cannot seem to find one. Governments, both federal and provincial, is trying to curb deficits swollen by stimulus spending. Companies are restrained by uncertainty prompted by Europe’s woes and the stand-off over fiscal policy in the United States, Canada’s main trading partner. Exports have still not returned to their pre-recession peak. As for consumers, after 11 consecutive years in which household spending has exceeded disposable income, they are deeply in hock. Just over a year ago, Craig Alexander, chief economist at Toronto-Dominion Bank, predicted the debt build-up “is going to end in tears”. ..."

A graph from Bank of Canada data:

http://media.economist.com/sites/default/files/imagecache/290-width/imag...

The United States took 73% of Canada's exports (and provided 62% of its imports) last year; Canada sells relatively little to faster-growing markets in Asia and Latin America ... Of course, Canadians have been attempting to increase trade with China, and so on and so forth, but nevertheless, the Canadian economy is heavily dependent upon the American economy.

The Daily Bell published this article:

"As Canada Collapses, Do We Need to Ask Why?

So Canada, the bright light of Western industry along with Australia, is now showing signs of wavering. ... the presentation of the impending collapse is being reported in the same way as all the Western economic collapses: with wide-eyed astonishment. At some point this sort of astonished rhetoric must begin to grow stale, even, well ... unbelievable. We are supposed to slap our collective forehead and ask, "How could this be happening?" But, in fact, we already know. ... Central banking monopoly money stimulation has taken down Western economies from Europe to the United States and beyond. And after a full century of central banking mayhem it is impossible to believe that the leaders of this failed economic environment can have any doubt left about its destructive tendencies. ... In the meantime, countries and economies continue to collapse like so many raggedy scarecrows subject to a high wind. That wind is the result of monetary inflation. ... Notice how that Economist article NEVER mentions central banking policy ... The proximate cause of Western troubles is money printing.

Canada's inevitable destiny is the rational outcome of an irrational system.

Conclusion:

It seems certain globalist factions actually want
a Western industrial collapse, because that shall
make it easier for East and West to merge within
the context of one industrial and monetary policy."

http://www.youtube.com/watch?v=5M1KD7Dnq4s

China and the New World Order

... organized crime &
controlled opposition ...

Canada is already legally preparing to act like Cyprus did:

http://www.zerohedge.com/contributed/2013-03-30/canadian-government-offers-bail-regime-prepares-confiscation-bank-deposits-ba

AND, THE SAME STORY AGAIN:

http://economicsfortherestofus1.blogspot.ca/2013/03/canada-plans-for-it-own-cyprus-scenario.html

Canada Plans for its own Cyprus Scenario

March 27, 2013.

Savers around the world have been watching the Cyprus scenario unfold as depositors money is quite suddenly up in the air. Canadian savers may want to know that the government there is making its own plans for a Cyprus style scenario. Talk about a Canadian Economic Action Plan! In the event that a “too big to fail” bank were to approach collapse in Canada, it would appear that the money deposited in the banks could be taken and then used to keep the bank viable. The following words can be found on pages 144 and 145 of Jobs Growth and Long Term Prosperity – Economic Action Plan 2012 as tabled in the House of Commons by the Hon. James Flaherty, Minister of Finance on 21 March 2013. This is otherwise known as "the budget:"

http://www.budget.gc.ca/2013/doc/plan/budget2013-eng.pdf

Systemically important banks will continue to be subject to existing risk management requirements, including enhanced supervision and recovery and resolution plans. The Government proposes to implement a bail-in regime for systemically important banks. This regime will be designed to ensure that, in the unlikely event that a systemically important bank depletes its capital, the bank can be recapitalized and returned to viability through the very rapid conversion of certain bank liabilities into regulatory capital. This will reduce risks for taxpayers. The Government will consult stakeholders on how best to implement a bail-in regime in Canada. Implementation time lines will allow for a smooth transition for affected institutions, investors and other market participants.

"Before drawing conclusions, what do these words say?

First – “systemically important banks”. This means banks that are perceived as being too-big-to-fail (TBTF). The Office of the Superintendent of Financial Institutions (OFSI) identified six banks in Canada as being systemically important within the last week. They are the Royal Bank of Canada, the Toronto-Dominion Bank, the Bank of Nova Scotia, the Bank of Montreal, the Canadian Imperial Bank of Commerce and the National Bank of Canada. This was a bit of a surprise to some observers, as it had been thought that only the RBC was TBTF.

Second – there is discussion of a “bail-in regime.” You should start getting nervous here. A bail out is when an outsider gives the institution in trouble more money so it can keep going. A bail-in is when money from within the institution is used for the bail out and then those whose money was taken are given something in return. Typically, those who have their money taken are offered shares in the institution in the hope that the institution will prosper again in the future and the shareholders can still have value."

See http://tinyurl.com/c9ds5b9

"Third – we see the words in the unlikely event that a systemically important bank depletes its capital. In other words, if a bank suddenly goes broke. This could be due to unforeseen loses such as a complex derivative contract that failed. See a simple explanation of derivatives at http://tinyurl.com/blhtc3q

Fourth – there is the phrase the very rapid conversion of certain bank liabilities into regulatory capital. The words “certain bank liabilities” is a fancy way of saying deposits. When you deposit a hundred dollars in a bank, this shows up on their spread sheet as a liability. So what this phrase says is that bank deposits could be taken up and used by the bank and it could be converted into regulatory capital. Regulatory capital is another way of saying banks must keep a certain amount of money on hand for meeting daily requirements such as withdrawals for deposits. The minimum amount that must be kept on hand is determined by the regulator. In this case the regulator is OFSI.

So what does this all mean?

In short, it says that if a Canadian bank suddenly finds itself in financial trouble, money from depositors can be taken in a “bail in” and used to keep the bank solvent. Those who had their money taken would be given shares in the bank or some other form of compensation such as bonds.

Should you be worried?

The document does not say so, but in such desperate circumstances, it might be assumed that the deposits taken would be those that have more than $100,000. Account below $100,000 dollars are guaranteed by the Canadian Deposit Insurance Corporation. So, small account holders should be OK.

Canada is not alone in doing this.

The UK and the USA have a similar plan they discussed in December of 2012.

See http://tiny.cc/z4jcuw

This is economics for the rest of us!

Enjoy the ride in the new economy."
_____________________________

http://www.zerohedge.com/news/2013-03-28/guest-post-cyprus-deal-and-unraveling-fractional-reserve-banking

The Cyprus Deal And The Unraveling Of Fractional-Reserve Banking

... I feel it is important to emphasize most people DO NOT WANT TO UNDERSTAND. In the Canadian context, I have been working on THAT problem directly for about three decades, through the political contribution tax credit. My activities included a couple of court cases against the Canadian government regarding the laws controlling the funding of politics, which spanned about fifteen of those thirty years. Here are links to my continuing current work on those topics, in the Canadian context:

http://www.marijuanaparty.ca/article.php3?id_article=215

http://www.marijuanaparty.ca/article.php3?id_article=413

Since I actually have discussed these issues face to face with tens of thousands of people, from all walks of life, for a few decades, and I made a serious effort, during my court cases, to track down every authority on these topics that I could find in the library, I believe that I am relatively qualified to assert that, in fact, more than 99% of the general population always act like Zombie Sheeple, who do not want to understand the monetary and taxation systems that control their lives! Perhaps some small percentage could literally be unable to understand anything, however, most of the people could understand, IF they wanted to. The crucial point is that they DO NOT WANT TO UNDERSTAND! That is superficially a completely irrational attitude, but still, those ARE the real social facts! Inside the context of THOSE SOCIAL FACTS, and SOCIAL HABITS, "The Unraveling Of Fractional-Reserve Banking" may reasonably be expected to become an opportunity to replace it with something worse. ... While I agree with the article linked immediately above regarding what it says, I do NOT agree that the outcomes will necessarily be in any ways better.

It would take a prodigious series of political miracles for the vast majority of the Zombie Sheeple to do anything else than allow the next system of organized lies, backed by coercion, run by the next set of ruling classes, to develop to become even worse than the fractional reserve banking system was. After the current pyramid scheme collapses, the most probable projections are for another one, even worse, to be implemented in its place, because 99% of the people will continue to not want to know anything about that, and not want to do anything about that.

It is almost impossible to understate how bad things already are, and even more impossible to understate how much worse they are probably going to get. Indeed, I would emphasize that by asserting that money is always backed by murder, and that the runaway insanities of the monetary and taxation systems surround deeper runaway insanities regarding the murder systems and death controls, which again, the overwhelming majority of people do not want to understand, and do not want to do anything about, except continue to participate within those systems as Zombie Sheeple, who act like political idiots.

After working directly on these problems for several decades, I am currently convinced that 99% of the people will continue acting like brain dead political idiots, because they have been conditioned to want to be like that. The tiny fraction of 1% that made and maintained that system of social habits have every possible advantage to keep things like that. Of course, I probably will continue to waste my time to attempt to change that social situation. However, in reality, I have been defeated, or rather reduced to an apparently permanent stalemate situation. That is basically why I spin my wheels in the mud by bothering to post some of my kind of bla, bla, blah on the Zero Hedge Web site. At least with that select audience, there is some tiny fraction of the 1% of the people who actually want to understand how the monetary and taxation systems really work.

It continues to be quite sublimely paradoxical that almost everybody worries about their money, and how to make it, and how to spend it, BUT almost nobody wants to understand the SOURCE of that money, nor the MEANING OF THAT SOURCE! Therefore, we are living inside of a fractional reserve banking system that 99% of the people do not understand, and do not want to understand, and do not want to do anything to change it. Therefore, we are a long way from having enough of the people care enough to learn about that, and want to do something about that. We are nowhere close to the kind of social tipping point where, say, 10% knew and cared, instead of less than 1%.

Personally, I like to day dream about some future when 5% of the people really cared, and another 20% supported them, in order to have the political will to change the fractional reserve banking system, which is actually ENFORCED FRAUD. However, these days, that seems to be quite a ridiculous day dream to entertain. Instead, we are on a runaway path towards the current systems collapsing into chaos, followed by more genocidal wars, along with democidal martial law. Meanwhile, on that path, it looks like 99% of the population will continue to want to understand nothing about that, and do nothing to effectively change that!

By far the most probable REAL future is that the vast majority of the people will continue acting like Zombie Sheeple, and after they have been fleeced to exhaustion, they, and their lambs, will be massively slaughtered off. However, any attempts to warn about that probably will not make any difference, because they will continue to want to ignore that, and do nothing about that. ... I have not enjoyed learning about that, and have attempted to change that, but that is that!

Wed, 01/07/2015 - 06:58 | 5631611 Latitude25
Latitude25's picture

Canada is interesting but not that interesting

Wed, 01/07/2015 - 10:27 | 5632284 Pullmyfinger
Pullmyfinger's picture

I hear every word you're saying, but most of the people who should be informed of all this are only 6 years old at the moment.

Fri, 01/09/2015 - 18:27 | 5643757 MASTER OF UNIVERSE
MASTER OF UNIVERSE's picture

Very astute assessment of CANADA, Radical Marijuana. You are brilliant

more often than not, my American friend. I'm glad to read stuff you post and keep up the great thinking writing. Don't _ever_ give up, ever.

Wed, 01/07/2015 - 04:05 | 5631493 FallenOne
FallenOne's picture

It will be the year we all can rejoice the filthy whitey goyim will be completely sheared and fleeced for good! By a muskrat troll bitch called Yellen no less!

LET US ALL PRAY that we will finally see the magnificent extinction of the filthy whitey goyim race and the ultimate rise of the Tribe who adhere to the glorious edicts written in the holy Talmud...

2015 the year of the final sheering of the sheeple .Happy New Year!

Wed, 01/07/2015 - 03:58 | 5631494 OneTinTrooper
OneTinTrooper's picture

You can't have my shares. I picked my investments because they will produce income.  I am not going to give them away because zerohedge is producing high frequency doom posts.

Wed, 01/07/2015 - 04:07 | 5631500 Jano
Jano's picture

If the comming crash willl stop US-american-zionist agression in the world, then I am all for it already today.

Wed, 01/07/2015 - 04:49 | 5631537 andrewp111
andrewp111's picture

Most prognostications of collapse on ZH have proven to be early. I believe this one is early too. The collapse will eventually happen of course, but only after almost everyone, including nearly everyone on this site, has thrown in the towel. The big thing that is different today is (1) this bubble is being actively pumped up by sovereign governments (2) all those governments know the consequences of failure.  Therefore, they will take extraordinary measures that many people can't even imagine to keep it all going. This means that this bubble must not only approach the metrics of previous bubbles before popping, but must greatly exceed them as well. I mean every metric, without exception. P/E, P/Shiller PE, P/book, P/GDP, debt/GDP, etc..... No metric can lag behind. All must break records. 2015 is way too early if all records must break before collapse.

Wed, 01/07/2015 - 05:20 | 5631560 petedanels
petedanels's picture

I believe you are right, only if the belief & confidence remain intact as today.  Should that crumble, all bets are off, IMO...

Wed, 01/07/2015 - 05:31 | 5631569 mog
mog's picture

Will 2015 be a year of financial crashes, economic chaos and the start of the next great worldwide depression? 

I doubt it.

I am sick of waiting for the 'crash'.

2011, 2012, 2013, 2014......

They just keep on printing money.

The rich get richer, the poor poorer.

2015 - the year of the crash.

Don't hold your breath.

The tribe have everything under control

The plunder, the bombing and the rise of western fascism will continue right on cue.


Wed, 01/07/2015 - 05:51 | 5631578 GCT
GCT's picture

This charade will continue on for another decade just take a look at Japan. Unless the UD dollar is no longer the reserve currency.  Having said that Japan is still doing it and they still have not hit a wall.  A collapse will only come when the gov handout are cut or are no longer coming to people.  Then the riots will begin.

Wed, 01/07/2015 - 06:57 | 5631610 RabbitOne
RabbitOne's picture

For the majority of us who read these doom and gloom articles it is no longer “… when will the crash occur?” Our ears have been filled with “…warning, warning, warning …” for many years. The real questions on our lips are “…have I done enough to prepare for this? …how can I protect my family? … How is this going to change my life when it does come? …”

 

Wed, 01/07/2015 - 13:43 | 5633242 nofluer
nofluer's picture

ahhh... I got here about 25 years ago, "here" being

have I done enough to prepare for this? …how can I protect my family? … How is this going to change my life when it does come? …”

No one should be surprised when the crash finally comes, or at it's depth. Drop a steel ball from 1" onto dirt you get a small dent in the dirt. Drop it from orbit - you get a deep crater. The ball has been launched from somewhere between earth and the moon. I am not now anticipating a dent, but a large to gargantuan crater... WHEN it hits.

The interesting thing to me is no matter how big the hole, as individuals we can only accumulate just so much fill material. So we resolve to do the best we can to provide for our important people (family) and maybe lay aside a few girders to help the community bridge the unfillable crater. Gosh... if it's deep enough, maybe rain will fill it in and we can stock it with fish? (ie such a large crash could be a GOOD thing!!!)

Wed, 01/07/2015 - 07:02 | 5631614 falak pema
falak pema's picture

55 ways to leave your lover and 11 ways to predict the fall of empire.

Whats new in this world.

There was more poetry in 55 ways than in 11 says. 

Wed, 01/07/2015 - 07:24 | 5631621 Ribeye
Ribeye's picture

BREAKING: serious shooting incident in Paris, unknown number of casualties, 

Looks like jihadists of some type or another, 

Wed, 01/07/2015 - 07:26 | 5631625 Ribeye
Ribeye's picture

1 confirmed dead.....

2 gunmen..... fled the scene... still at large...

Wed, 01/07/2015 - 07:26 | 5631626 ratpack1968
ratpack1968's picture

01/06/2008, 01/06/2009 .... 01/06/2012, 01/06/2013, 01/06/2014 .... 01/06/2015.  Maybe this time. 

Wed, 01/07/2015 - 07:29 | 5631631 Ribeye
Ribeye's picture

Unconfirmed death toll between 6 to 10, 

Incident occurred at the office of that satirical magazine...

 Armed with semi auto rifles....

Wed, 01/07/2015 - 07:35 | 5631634 Ribeye
Ribeye's picture

WAKE UP TYLERS, 

this looks like a big one....really big...

Wed, 01/07/2015 - 07:37 | 5631635 Ribeye
Ribeye's picture

11 dead: French police....

Wed, 01/07/2015 - 07:47 | 5631653 Ribeye
Ribeye's picture

2 police officers amongst the dead....

Gunmen remain at large....

Wed, 01/07/2015 - 08:20 | 5631710 damicol
damicol's picture

for those with their fucking eyes open it became obvious in summer what was happening.

The difference between Brent and WTI was expanding and I listened to the bullshit trying to explain it.

After a month of watching oil falling at ever faster rates and dropping from the 0ne year average  it became clear that it was demand dropping and  also the fact that steel and cement was following the same path it was clear then that worldwide depression was beginning.

Another month confirmed it.

By the end of August I was out of everything except gold and  with another month of convincing dips in oil and steel and ore it was enough for me.

SPXU and SQQQ are my target and every month I load up with more. I do not give a flying fuck what the price is on the day, I buy.

 These are not to trade but these are long holdings and i guess 2 years to 3 years min.

I'm building as fast as I can a position and when SPY is hell bent on looking or its floor I will start leveraging that position for all I'm worth.

 

My broker thinks I  was mad when I first started buying insisting that the SPY was going o keep on rising for at least 2 years and i would lose my shirt.

Fuck me, hes 32 yrs old and never run so much as a fucking ice cream stand and cannot even remember the dot com bust.

And this fucking idiot actually believes he knows how the world works and the fucking pig yellen knows what she is doing.

Oh yes, and yiels will still keep dropping because every fucking leveraged company and individual on the planet will be fleeing thier own crashing currencie.

regardles of whether 10 or 30 yr are down to 0.05%

Trust me guys, I'm not saying follow my lead, but it doesn't take much thought to see whats coming and realize the crash has actually already started, but when some poncy smart ass kid at a brokerage starts to get into tears because he can't convince you he is right and you are wrong and starts a hissy fit when after he begs you to buy to SPY and you buy SPXU, you know you are on the right track.

 

Wed, 01/07/2015 - 10:01 | 5632151 Pullmyfinger
Pullmyfinger's picture

You still use a broker!?? Isn't that like feeding caviar to a large tumour on your back?

Wed, 01/07/2015 - 08:30 | 5631766 Grimaldus
Grimaldus's picture

Oh I see......progressive criminals infesting government and financial institutions need to control the internet so they can cut out opposition voices during and after the crash......

http://blogs.reuters.com/great-debate/2015/01/05/treating-internet-like-...

This effort is anti-free speech. It will be used to eliminate dissent. A crime in this country yes? Conspiring to break the law?

Anyone pushing for more government is pushing for more crime against citizens. Government is the biggest murderer and thief of all time. Hundreds of millions murdered. What a track record yet progressives want MOAR.

http://www.hawaii.edu/powerkills/MURDER.HTM

How does government enforce more and more laws? With more and more VIOLENCE against it's citizens. That's the progressive big government criminal way.

Progressive=Criminal=Stone Cold Murderer

And we see the strip mining of citizens money crime ongoing, don't we? How is that going to end? Death and misery for millions.

A constitutional conservative pushes for less government, less laws, less taxes meaning less violence against citizens. Too bad there are not many around. The progressive end game is death for millions, same as history shows it has always been.

Grimaldus

 

Wed, 01/07/2015 - 09:40 | 5632044 yearofpeaceforum
yearofpeaceforum's picture

Many investors were shorting the market for the last seven years, hoping for a crash.  They keep covering their shorts, and the market keeps going up.   If the market does crash, it might be when people least expect it. it might be similar to October of 1987.

Wed, 01/07/2015 - 09:46 | 5632067 Ewtman
Ewtman's picture
Will 2015 Be A Year Of Economic Disaster?

 

Short answer... Yes! The biggest debt bubble in history is bursting as you read this.

 

http://www.globaldeflationnews.com/anatomy-of-a-bubble-how-the-federal-r...

 

Wed, 01/07/2015 - 10:23 | 5632251 PrayingMantis
PrayingMantis's picture

... some people are so broke they can't even pay attention ...

Do NOT follow this link or you will be banned from the site!