This page has been archived and commenting is disabled.

The Real Financial Crisis That Is Looming

Tyler Durden's picture




 

Submitted by Lance Roberts via STA Wealth Management,

 

 

- advertisements -

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
Wed, 04/29/2015 - 15:53 | 6043915 Bill of Rights
Bill of Rights's picture

Full bullshit is more like it.

Wed, 04/29/2015 - 16:27 | 6044070 ZH Snob
ZH Snob's picture

and what little they do have will surely be vaporized in the crash.

Wed, 04/29/2015 - 17:29 | 6044384 OceanX
OceanX's picture

Retirement yeah, lol...

Wed, 04/29/2015 - 18:36 | 6044680 max2205
max2205's picture

200 k  is a lot   half higher half lower.....not good   

Wed, 04/29/2015 - 19:11 | 6044854 TheReplacement
TheReplacement's picture

Hell, even if there is never a crash, in 20 years it'll cost $200K for a car, economy size.  No honest person can possibly "save" enough to retire.

Wed, 04/29/2015 - 23:34 | 6045757 legend247
legend247's picture

I freelance over th? internet and earn about 80-85$ an hour. I was without a job for 7 months but last month my paycheck with big fat bonus was $15000 just working on my computer from my home for 5-6 hours. Here's what i have been doing... www.globe-report.com

Wed, 04/29/2015 - 15:54 | 6043920 This is it
This is it's picture

What's new pussy cat?

Wed, 04/29/2015 - 16:12 | 6044007 Weaponized Innocense
Weaponized Innocense's picture

Woah woah woah woah
And that is just the tip of the icebergs of the tidal waves yet to come ashore set in place long ago.... waiting for a cherry on top as it rolls on in....

Wed, 04/29/2015 - 15:59 | 6043937 Urban Roman
Urban Roman's picture

The solution to poverty: have plenty of money.

... which goes a long way toward explaining why the 'civilized' world is turning into a monkey house ...

Wed, 04/29/2015 - 16:01 | 6043952 KnuckleDragger-X
KnuckleDragger-X's picture

Other peoples money is better than working......

Wed, 04/29/2015 - 16:16 | 6044028 kaiserhoff
kaiserhoff's picture

A woman wants a man with a job,

  so she won't need one.

Eeeeeeck Quality Beetches.

Wed, 04/29/2015 - 16:28 | 6044073 MonetaryApostate
MonetaryApostate's picture

Better up your game fast...

Wed, 04/29/2015 - 16:16 | 6044024 asteroids
asteroids's picture

If you are over 45 then its too late. There isn't enough time for you to save. History shows that you will truly get fucked if you are in the category. I understand ketchup goes well with cat food.

Wed, 04/29/2015 - 16:00 | 6043941 KnuckleDragger-X
KnuckleDragger-X's picture

Things are going just swimmingly... Both sides of my family survived the Great Depression and the Dust Bowl and I was raised that you have to be self-reliant because the only person that really cares about you is you. Most of the population are in the dependency class now and that will be very bad if your living in a coastal blue state....

Wed, 04/29/2015 - 16:56 | 6044218 Salah
Salah's picture

need to move to one of the "racist" red states, acc'd to Google's search criteria

http://www.washingtonpost.com/blogs/wonkblog/wp/2015/04/28/the-most-raci...

Wed, 04/29/2015 - 16:05 | 6043954 buzzsaw99
buzzsaw99's picture

all the above is not a crisis it is according to THE PLAN. also, stop ascribing benevolent qualities to the fed. the growing wealth gap is no accident, they are PURE EVIL.

Wed, 04/29/2015 - 19:13 | 6044859 TheReplacement
TheReplacement's picture

I upvoted you despite your insulting PURE EVIL like that.  He seems like a decent guy.

Wed, 04/29/2015 - 16:07 | 6043969 CarpetShag
CarpetShag's picture

Another non-article from this verbose author.
1.Define "looming" .
2. What do you think FEMA camps are for?

Wed, 04/29/2015 - 16:11 | 6043997 Niall Of The Ni...
Niall Of The Nine Hostages's picture

Or all those nukes? Not for the Russians, that's for sure. They can shoot back. Flyover Americans, not so much.

Thu, 04/30/2015 - 00:21 | 6045857 StychoKiller
StychoKiller's picture

Nuking farmland is kinda stoopid, my friend!

Wed, 04/29/2015 - 16:09 | 6043975 Rainman
Rainman's picture

The zombies cometh.... humans living in or near a large metropolis are strongly advised to evacuate .....  

Without money, survivors must learn how to fish, farm, hunt and shoot.

Wed, 04/29/2015 - 16:43 | 6044153 Leopold B. Scotch
Leopold B. Scotch's picture

Emphasis on "shoot".

 

Being prepared is one thing.  Being prepared to protect what you have is a different story.

Just ordered another 1,000 rounds of "savings" today.

 

Wed, 04/29/2015 - 16:09 | 6043985 Niall Of The Ni...
Niall Of The Nine Hostages's picture

How can Satan cast out Satan? Central banking---any monopoly over money, actually---is the disease, not the cure for anything.

On the contrary, the goal of our masters for a long time has been to expropriate, enslave, and when their usefulness as slaves is at an end, exterminate anybody with any chance of posing a threat to their wealth and power.

Women, understandably, want a man with a stable, disposable income who can support them in their youth while they raise the children who will support both of them when they're old. There aren't that many men like that any more, with working class white men lucky to be able to support themselves.

If that's not our cue from our masters to stop reproducing and save them the trouble of making us stop by any of a number of methods, each more horrifying than the last, what could be?

Wed, 04/29/2015 - 16:11 | 6043994 Spungo
Spungo's picture

Why did he put "savings" in quotes?

Wed, 04/29/2015 - 19:14 | 6044866 TheReplacement
TheReplacement's picture

Because every day you save a dollar it is worth less.

Wed, 04/29/2015 - 16:11 | 6043996 kaiserhoff
kaiserhoff's picture

The most expensive house listed on Zillow in my neck of the woods is a foreclosure.

WTF?

Wed, 04/29/2015 - 16:14 | 6044016 Consuelo
Consuelo's picture

Like so many others, Roberts suggests that it's a long, drawn-out process of 'decades' or longer.   Is this how they deal with reality?    We're long past the 'long process' Lancelot.   This isn't the 60's, 70's or even 80's anymore, and Bretton Woods is on the way out as well.

Wed, 04/29/2015 - 16:15 | 6044020 Peak Finance
Peak Finance's picture

And of course the 55+ crowd staying in jobs that they don't want to do, but have to, kills opportunitities for advancement for everyone in line behind them waiting for that valuable job.

This is going to make the government *attempt* to force people like me (former middle class) to pay more taxes, which IS JUST NOT GONNA HAPPEN. More and more people are just going to completely check-out of the system, and make the problem worse. 

There was one good statistic in that report, declining marrage. DON"T FUCKING GET MARRIED. If you get married you are a fucking asshole. We make fun of the basement dwelling jerks playing video games all day, working dead end jobs (if employeed at all) and not getting married, but the fact is they are rationally responding to the perverse economic incentives that society places on them. Robbed by taxes, then frivorce rape, fuck that just stay in the basement!

 

Wed, 04/29/2015 - 17:20 | 6044346 Archive_file
Archive_file's picture

I agree. I would add DONT HAVE CHILDREN either.

Wed, 04/29/2015 - 17:28 | 6044379 corporatewhore
corporatewhore's picture

kudos twice

Wed, 04/29/2015 - 17:58 | 6044506 Peak Finance
Peak Finance's picture

I am mixed on this one. If you take yourself out of the system, have no "reported" income that the famly courts can take, and live in a state that does not put you in jail over missed child support, then, you should find a baby-momma have as many children as possible, without getting married.

I think people VASTLY over-estimate what it costs to raise a child. I was raised in GRINDING FUCKING POVERTY including being homeless for a short time as a kid, and I turned out ok, my poor friends for the most part turned out ok as well.

Wed, 04/29/2015 - 17:28 | 6044374 corporatewhore
corporatewhore's picture

kudos

Wed, 04/29/2015 - 16:25 | 6044060 Omen IV
Omen IV's picture

both neo-democrats and neo-republicans are united in the  belief that the Neo-Fascist Solution is....... Murder by Neglect

These people are going away even with $1 million in capital - pension funds, SS and life insurance will not be there at the level anticipated.

which is why the SSI - Social Security "Insurance" Administration requisitioned a lot of ammo!

Wed, 04/29/2015 - 16:30 | 6044071 falak pema
falak pema's picture

hahaha... I love the title... Even Hitchcock never repeated the same movie twice! 

This is a never ending drama...But I would like to see another title other than "real financial crisis looming"...

Yes, looming is not what WS does and looming is not what Ukraine, Syrac, Greece and all those others experience.

So looming is somewhere between the third world and the first world. Its loomed in one but not in the other where looming is not admitted in the vocabulary. 

I stand corrected he made "the man who knew too much" twice! 

So it must be you! 

Wed, 04/29/2015 - 16:33 | 6044096 WTFUD
WTFUD's picture

Top of the World, Ma!

Wed, 04/29/2015 - 16:39 | 6044134 spinone
spinone's picture

The squid has sucked all the life out of the economy.  The whole thing has been "financialized" and stripped.

Wed, 04/29/2015 - 16:57 | 6044231 Fun Facts
Fun Facts's picture

It's not an accident.

Instead of listening to their propaganda and lies, look at what's happening.

The .0001 percent are getting even richer, so rich that 80 men control more wealth than half the planet, the middle class is going going gone, and the poor are destitute.

Meanwhile, they gain even more control over their global serfdom.

Read the protocols for extra credit.

Wed, 04/29/2015 - 23:18 | 6045718 yrad
yrad's picture

That stat gets me every time.

Wed, 04/29/2015 - 16:58 | 6044235 Peter Pan
Peter Pan's picture

Hail zero interest rates which gave the corporations the means to malinvest as well as to invest overseas, gave retirees sweet f... all for their retirement nest egg, gave young people the ability to buy overvalued real estate, gave investors massive gains but much reduced yield, gave governments the ability to borrow phenomenal amounts without the ability to pay back and so on and so forth.

Bernanke and Greenspan and whoever was pulling the strings should have been shot early in the peace.

Wed, 04/29/2015 - 17:08 | 6044289 RabbitOne
RabbitOne's picture

After reading this article no one should be surprised we are having riots in Baltimore. People are losing hope. America is now a welfare police state. Police relations are merely a symptom of the societal disease called welfare control.

 Welfare states go against human nature. Human beings need to believe if not our generation than the next generation will escape the poverty of the welfare state. Escape is not happening for the vast majority. It is getting worse.

Politicians on the other hand are at their maximum power today collecting welfare votes. As the Detroit collapse shows people the more you vote for socialism and welfare (dems in total control for 50 years) the wilder the promises, the less you get back and the more decay becomes rampant…

Wed, 04/29/2015 - 18:29 | 6044650 falconflight
falconflight's picture

You're kidding right?  The Crips/Bloods are deep into political economy, eh?  

Thu, 04/30/2015 - 17:31 | 6048424 zaphod42
zaphod42's picture

In a democracy, people can vote for what they want.  Problem:  they want it without having to pay for it.  If it is good for the country, we should pay for it.

solution:  balanced budget amendment.  Keep it simple:  Every spending bill is a taxing bill.  Every spending bill must be reapproved every 6 years minimum.  That way, if it is important enough to pass, it must be funded.  No more "I voted for tax reduction" when you voted for spending bills.  Doesn't matter if spending is for Army/Navy/Airforce, public health, retirement [social security/medicare], or whatever.  If it passes, the funding is proportioned in to the budget and tax rates are based on budget, not on some damned policy grab to buy votes or pay back for 'donations' by corporate sponsors. 

 

Maybe if we did that, the reality of the taxation would keep spending in line.  And, every 6 years you get to reconsider - is that really worth it? 

 

Welfare votes include corporate welfare votes, you know.  It seems that between corporations buying politicians outright, and politicains trying to by votes, most of us are sucked into this whirlpool of governmental excess with the congress critters pointing at each other, trying blame each other.  It is all distractions.   Time to wake up!!

 

Craig

Wed, 04/29/2015 - 17:22 | 6044352 corporatewhore
corporatewhore's picture

I wish to thank my former employer so much for the gift he gave me when I became sixty years old.  Not only did he FUCK me over with eliminating my department, his timing was exquisite.  The market crash in 2008 meant that my 30 plus year history in an industry was meaningless.  Not one single "friend" could help since they were holding on for dear economic life.

As a consequence I saw my 401k savings destroyed, my home utlimately foreclosed, and I took two jobs and made a readjustment to my living that continues to this day.

It just doesn't matter.

The people with whom I work are a great bunch.  They have no savings.  In fact they can barely make it to the next paycheck.  This is America.

Wed, 04/29/2015 - 17:30 | 6044386 homebody
homebody's picture

People wanted unlimited credit in the system and more cheap off-shore shit - well sheeple, you got what you wanted.  No jobs and no future.

Wed, 04/29/2015 - 17:38 | 6044415 Kirk2NCC1701
Kirk2NCC1701's picture

Yikes, I'm in the 55-64 group and the stats fit me to a T.

Oh to be 30-something again [sigh]

Wed, 04/29/2015 - 17:53 | 6044488 homebody
homebody's picture

Viagra might help lol

Wed, 04/29/2015 - 19:46 | 6044983 logicalman
logicalman's picture

I'm in the same group.

My approach is to live simply and stay fit.

Who knows what the future will throw at us.

The abilty to adapt is probably the most important skill you can have.

Worst case, if you can't make it on your own anymore, get yourself am illegal firearm, go into a jewellers store and ask 'em to fill your bag. Shoot into the ceiling. Don't rush - the cops will show up and you can surrender.

3 hots and a cot guaranteed.

Old wrinkly fuckers would likely be left alone. The big down-side would be stripes in your sunlight, but you can't have everything!

 

Wed, 04/29/2015 - 17:43 | 6044427 homebody
homebody's picture

Another tril in money printing can keep the sheeple in bread and circus for many more years - get accustomed to a bare existence - even camping is now out of the reach of most people.  Forget the sailboat ad on tv.  I have not seen the ad for a while - maybe the lie has been exposed.

Wed, 04/29/2015 - 18:02 | 6044521 oudinot
oudinot's picture

'Another tril in money printing can keep the sheeple in bread and circuses for many more years..."

It took 3.5 trillion to keep the 'bread and circuses'  going for 6 years; with the diminishing returns of QE I think it will take 10 trillion or better in 'money printing' to keep the 'sheeple in b ande c for many more years'...

Wed, 04/29/2015 - 18:05 | 6044543 homebody
homebody's picture

Not much of QE reached the sheeple.  Just enough to avoid the torches and pitch forks.

Wed, 04/29/2015 - 18:31 | 6044658 falconflight
falconflight's picture

The fascist-socialist state has greatly improved the lot of those of social security age.  Most Merikans in general gobble up every morsel of the above ideology.  Hope they starve to death someday...just saying.

Wed, 04/29/2015 - 18:32 | 6044664 MASTER OF UNIVERSE
MASTER OF UNIVERSE's picture

Give me a stick, I will kill it.

Wed, 04/29/2015 - 18:37 | 6044669 Ethical_Money
Ethical_Money's picture

" but rather the number of individuals collecting benefit checks and the dilemma of how to pay for it all." Tyler

Part of the solution is an equal distribution of new, interest-free fiat to all US citizens. And to avoid price inflation risk, further credit creation* by the banking cartel needs to be banned until they are 100% private with 100% voluntary depositors and the fiat distribution metered to just replace existing credit as it is repaid (destroyed) until all demand deposits are 100% backed by reserves.

To provide even more room for a price-inflation-free fiat distribution, the Fed should be forced to reduce its balance sheet as nearly as possible to zero thus removing reserves from the economy so as to allow more fiat to be given away to US citizens.

*As opposed to 100% reserve lending which could still occur and for which the new fiat distribution would provide the new reserves necessary for no reduction in the money supply.

 

Wed, 04/29/2015 - 19:39 | 6044953 are we there yet
are we there yet's picture

Soylent green, institutional euthenazia, and government scoops, are looking less science fictioney.

Wed, 04/29/2015 - 21:53 | 6045439 squid
squid's picture

Hi All:

We, as a people, have a bigger problem than the financial markets and that is our inability to call a spade a spade. If we don't, as a group, start dealing with objective reality and stop dabbling in probaganda and fantasy, we're noever going to get anywhere.

 

Case in point, from above:

"Despite Central Bank's best efforts globally to stoke economic growth by pushing asset prices higher, the effect is nearly entirely mitigated when only a very small percentage of the population actually benefit from rising asset prices."

This line is bullshit, period. Central banks did NOT do anything to 'stoke' the economy. Cental banks don't give a rat's shit about the economy. The central banks care about their member/owners, which are the comercial banks. Everything the central banks have done, most speicifcally the Fed, the BoE, the BoJ and the ECB is to take actions to keep their member banks solvent...on paper anyway. They lied, cojoled, changed accounting standards, bought shit assets form their members with freshly printed currency and done everything in their power to try and rescue the balance sheets of the banks. If this happens to help the economy, so be it, If not well......that is where we are today.

 

This tom-foolery of PRETENDING that central banks have done what they have done to save/improve the economy is poppycock/nonsense/fantasy. They have done nothing to help the economy and never intended to. Saying so is just pap filling for the populace and especially for the morons in congress. Their actions have been WHOLLY to save their member banks. That's it.

 

The fed mandate, blah, blah, blah. Congress is filled with idiots and has been for 60 years. If Congress passes legislation intrusting the fed to change water into wine, can the fed do it? Congress is also living in a fantasy world....for the last 60 years. What is coming, very soon, is fantasy crashing into reality. That point when an airplane is coming into land and the tires hit the pavement....that is what is coming and that puff of smoke you'll see is going to be HUGE.

 

Lets all stop fantasizing the the fed wants to help anybody but its owners. It doesn't and it can't.

 

Squid

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