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Doomsday Clock For Global Market Crash Strikes One Minute To Midnight
Doomsday Clock Strikes One Minute To Midnight For Global Market Crash
It is only a matter of time before stock markets collapse under the weight of their lofty expectations and record valuations.
China currency devaluation signals endgame leaving equity markets free to collapse under the weight of impossible expectations.
Photo: Reuters
The Telegraph’s John Ficenec has written an excellent piece warning of a possible market crash in the coming weeks.
He identifies eight key “signs things could get a whole lot worse.”
1 - China slowdown
2 - Commodity collapse
3 - Resource sector credit crisis
4 - Dominoes begin to fall
5 - Credit markets roll over
6 - Interest rate shock
7 - Bull market third longest on record
8 - Overvalued US market
John Ficenec is a market and finance expert and is Editor of the Questor column at Telegraph Media Group working across the Daily and Sunday titles and online. He is a qualified accountant who trained at KPMG before moving into asset management and the private equity industry. He has worked in financial journalism since 2011 and joined the Telegraph in 2013. He won 'Article of the Year' in the 2013 CFA Society of UK awards.
As we know, a picture paints a thousand words and the article is replete with a number of excellent charts which should give even the most complacent investor pause for thought.
The convincing thesis can be read in GoldCore Commentary here
DAILY PRICES
Today’s Gold Prices: USD 1,117.30, EUR 1006.17 and GBP 714.34 per ounce.
Friday’s Gold Prices: USD 1,116.75, EUR 1002.11 and GBP 715.29 per ounce
(LBMA AM)
Gold in USD - 1 Year
Gold and silver gained over 2% and 3% last week. After those gains, both precious metal took a breather on the COMEX on Friday. Gold and silver were mixed - gold was flat and silver fell 1%.
This morning, gold is 0.4% higher to $1,118.60 per ounce. Silver is 0.2% higher to $15.37 per ounce.
Platinum and palladium are 0.5% and 0.2% higher to $1,001 and $623 per ounce respectively.
Download Essential Guide To Storing Gold Offshore
BREAKING NEWS
China Surprises for a Second Time This Week With More Gold Data – Bloomberg
Gold Holds Gain After Posting First Weekly Advance Since June – Bloomberg
Gold steady as focus returns to U.S. rate hike view – Reuters
Bears Miss Gold’s Best Rally Since June as Analysts See Declines – Bloomberg
China Says Gold Hoard Climbs 1.1% in Data Transparency Push – Bloomberg
IMPORTANT COMMENTARY
Doomsday Clock Strikes One Minute To Midnight For Global Market Crash – The Telegraph
Beware a China crisis that could crash down on us all – The Telegraph
How The Wall Street Ponzi Works——The Stock Pumping Swindle Behind Four Retail Zombies – David Stockman’s Contra Corner
The ‘Big Long’ Gets Bigger As Goldman And HSBC Gobble Up Tons More Gold – Seeking Alpha
Germany Continues To Lead The West In Physical Gold Demand – GoldSeek
Billionaire Stanley Drucknemiller Loads Up On Gold, Makes It His Largest Position For First Time Ever – Zero Hedge
Click on News and Commentary
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mode apocalypse hype from the gold peddlers
That last run from 2009 to now is not a bull run its a bullshit run.
I repeat an overview that I just published under the previous: 8 Reasons Why The Telegraph Thinks The Market Doomsday Clock Is One Minute To Midnight
Given that the political economy is based upon governments ENFORCING FRAUDS by privately controlled banks, and therefore, the political economy actually operates according to the principles and methods of organized crime, it makes sense to me that those events which transpire in the future will continue to closely correspond to the calendar preferred by the culture which currently constitutes the best organized gangs of criminals, that have the most control over that kind of political economy.
However, my main qualification to that is that nobody has a total monopoly on the principles and methods of organized crime, including whomever or whichever cultural groups have previously been the best organized gangs of criminals, which therefore were most able to control the biggest form of organized crime, known as governments. Moreover, I would insist that, theoretically speaking, it is NOT possible for civilization to operate any other way than as the dynamic equilibria between different systems of organized lies operating robberies. Indeed, in that context, the reasons for events such an economic crises were due to the prolonged history whereby the best organized gangs of criminals were able to dominate civilization to the extent that they could more and more get away with their systems of legalized lies, backed by legalized violence. Hence, the deeper paradoxes are due to that civilization does and must operate according to the principles and methods of organized crime (in which the death control backing up the debt controls are the most important features of those combined money/murder systems), becomes EXCESSIVELY SUCCESSFUL ENFORCED FRAUDS, as the prequel to the eventual crazy collapses into chaos of those systems.
Ideally, more people would have understood better the principles and methods of organized crime, so that there had been better dynamic equilibria. However, as repeatedly demonstrated in the content published on Zero Hedge, most people want to stay within their favourite bullshit based upon false fundamental dichotomies and the related impossible ideals, which was the result of civilization going into feedback loops of excessive social successfulness based upon ENFORCING FRAUDS, since there developed almost nothing but the core of organized crime, surrounded by controlled opposition groups, which are primarily controlled by the ways that they continue to take for granted the bullshit based upon false fundamental dichotomies.
To put that another way, the problem is NOT that there are some well organized gangsters, the banksters, that are able to dominate the government, and thus the political economy. Rather, the problem IS that there are not enough better alternative organized crime gangs able to resist that more effectively. Overall, the biggest bullies' bullshit world views are so extremely dominate that there is almost no publicly significant opposition that does not still think using the same bullshit language and presumptions, as is quiet characteristically demonstrated in the content published on Zero Hedge.
Economic events are NOT based upon the rise and fall of systems of natural laws in any simple linear ways. Economic events that rise and fall are based upon rather hyper-complicated systems of organized lies operating robberies, whose original strengths eventually become their weaknesses. The only relationship between natural laws and human laws is the ability to back up lies with violence, which systems became more sophisticated in the form of governments ENFORCING FRAUDS by privately controlled banks, which is what has risen, and appears more probably must fall.
Meanwhile, behind that, the ways that people understand that also could rise and fall. Ideally, enough people would recognize that money is and must be measurements backed by murders, so that there would not be allowed to develop such extremely unbalanced systems of debt slavery, that are able to generate numbers which become debt insanities, which then can provoke death insanities. However, to actually do that would require more regularized and constant death control systems to operate ... and even then, that would likely provide the grounds for an eventually even greater imbalance, due to the new groups of professional liars and immaculate hypocrites that operated those systems more and more enjoying excessive social success based upon their improved system of lies backed by violence.
Overall, I stand by the view that the only things which actually exist are the dynamic equilibria between different systems of organized lies operating robberies, and that, therefore, better political processes would necessarily be better dynamic equilibria between better systems of organized lies operating robberies. However, right now, the best previous systems of organized crime are suffering from having become too successful, for too long. Hence, their overshoot, and subsequent collapses into chaos ... Of course, throughout those processes, those who were the previously best organized gangs of criminals will surely strive to continue to be so, and therefore, the most likely calendar of events will most probably more follow their preferred calendar, rather than any other.
Most people seem clueless in seeing the currency move by China is just one more step moving us towards a final global shakedown which has the potential to be very uncontrolled. Let the chips fall where they may is a figure of speech which means, "What happens happens" or "Let the imminent events unfold." This metaphoric term dates back to the 1800s and alludes to chopping wood. However, several factors determine just how much influence can be applied to the the final outcome of current economic policies.
Using the metaphor of "falling chips." Things like the size of the chips, the rate or speed at which they fall, and the number of chips in the air may make them uncontrollable. In my opinion luck and caution will impact our individual fortunes as we move through the financially violent period before us. The article below explores the idea our economic overlords have lost control of the game.
http://brucewilds.blogspot.com/2015/08/the-final-shakedown-will-be-uncontrolled.html
lucky and good, I repeat my previous reply to your posting the link to that article, you previously posted under:
http://www.zerohedge.com/news/2015-08-10/sad-truth-about-state-financial-system-today
The Sad Truth About the State of the Financial System Today
http://brucewilds.blogspot.ca/2015/08/the-final-shakedown-will-be-uncontrolled.html
The Final Shakedown Will Be Uncontrolled
I liked the circular dominoes image embedded in there:
http://2.bp.blogspot.com/-Xc7pi-Rpm0E/VcdtXERmZLI/AAAAAAAAA1E/9RlS58PXhC...
In my opinion, most financial experts routinely underestimate the degree to which the established systems are based upon triumphant organized crime creating systems operating ENFORCING FRAUDS. Furthermore, most financial experts tend to be excessively financialized in the perspective they take on the problems, which is correct enough, on its own superficial level, but otherwise profoundly wrong. The deeper levels of the Sad Truth about the financial system have been that "money" was created out of nothing as debts in order to "pay" for strip-mining the planet's natural resources at an exponential rate, which was being done through systems of legalized lies, backed by legalized violence, which were based on attitudes of the maximum possible evil deliberate ignorance towards the longer term consequences from doing that.
When the triumphant systems of organized crime that have been raping and plundering the planet reach some real limits of diminishing returns, that do not enable those to continue to grow at an exponential rate, the first and foremost places that will show up is through the fundamentally fraudulent financial accounting systems. However, as that happens, the kinds of irreconcilable social polarizations those triumphantly ENFORCED FRAUDS have driven will be revealed to have been relatively trivial compared to the more important ways that civilization had been behaving in criminally insane ways, due to it being controlled by systems based upon ENFORCING FRAUDS.
Like that image of the dominoes arranged in a circle, what goes around comes around. However, since Earth is a big planet compared to size of human beings, that will take a while. But nevertheless, the superficial issues with respect to the financialization being based upon runaway systems of ENFORCING FRAUDS will finally end up having far more profound consequences than merely some level of crazy collapse of the financial systems. Those financial systems have been paying for the planet to be strip-mined, and thus, those systems actually be stopped by running into real limits of diminishing returns from being able to continue to do so, (despite that the Earth is BIG, and that will take a relatively long time.) The deeper aspects of the Sad Truth about our financial systems are that, because those operate through the social successfulness of backing up lies with violence, or ENFORCING FRAUDS, the degree to which those are socially successful reflect the degree to which civilization has become psychotic, and criminally insane.
It is almost impossible for people inside that civilization to gain any proper perspective upon the ways that their social success was achieved through operating inside fundamentally fraudulent financial accounting systems, that were based upon deliberately ignoring the basic laws of nature, such as the conservation of energy and matter, because being able to make "money" out of nothing as debts violates that basic law of nature at face value (although, on deeper levels, that is not the case, due to the ways that those are ENFORCED FRAUDS.) Similarly, our civilization also has inverted the understanding of concept of entropy, in ways which almost everyone takes for granted, despite that means that our financial systems based upon ENFORCED FRAUDS are actually deliberately misunderstanding everything in the most absurdly backward ways possible.
The Sad Truth of the financial system today is WAY MORE TRAGIC than most financial experts present. Of course, that tragic trajectory may not effect the more wealthy and older people before they have died. Rather, the Sad Truths regarding the financial system being based upon ENFORCED FRAUDS, which have "paid" to strip-mine the planet, are going to have to be faced more by future generations. In the metaphor of letting the chips fall where they may, the extreme degrees of social success based on backing up lies with violence, or ENFORCING FRAUDS, has driven civilization to be cutting down the tree of life upon which it was standing.
Our financial system has become globalized electronic monkey money frauds, backed by the threat of force from apes with atomic bombs. Human beings, controlled by those amongst them that were the best organized gangs of criminals, have been organized to engage in the maximum possible rape and plunder of the planet ... Of course, for those who were doing that during its earlier phases, that seemed like a wonderful thing for them to indulge in. However, as time passes, and future generations arrive upon that scene, the Sad Truth about our financial systems having been based on ENFORCED FRAUDS, which deliberately ignored and and misunderstood the laws of nature as much as possible, will result in the circle of dominoes that we have knocked down spinning around to hit us like boomerangs in the back of our heads, coming out of our blind spots.
Most financial experts' series of articles republished on Zero Hedge continue to be correct, within their own limited domain, given their superficial view upon those issues. Although some tend to present the bigger picture, (albeit within a still limited context) more than most others, there continues to still be way too much taking for granted the ways that human beings have collectively become psychotic and criminally insane, due to civilization ending up being controlled by the most psychopathic people, who were the best at backing up lies with violence, which therefore resulted in our financial systems being based upon ENFORCING FRAUDS. Indeed, inside of that political economy, the basic ideas regarding "production" and the "producers" have been also perverted in absurdly backward ways.
By the time we realize the full extent of the consequences of having operated our political economy through runaway debt slavery systems generating debt insanity situations, that will then be relatively trivial compared to the overall consequences of the various ways that "money" made out of nothing has been "paying" to strip-mine the planet. By and large, it is practically impossible for the vast majority of people to perceive or assess the degree to which human systems have gone so wildly out of balance. Therefore, it is almost impossible to fully imagine what it would take to bring those back into better balance ...
The Sad Truths about our financial systems are far More Tragic than most financial experts present. We were lucky to be born on a planet with abundant life. We thought it good to make the maximum possible killing of that life, due to the ways that our fundamentally fraudulent financial accounting systems operated. Those days of being lucky and good are ending, as we rush through strip-mining the planet at an exponential rate.
In my opinion, the total human population in about a Century will more probably be less than one billion, rather than more that ten billion. However, I find it impossible to fully imagine what that means generally, as well as can not emotionally comprehend what that may mean to me personally. Meanwhile, the problems that our financial pyramid systems are having are showing up on the periphery and bottom of that system first, while those are working in towards the center and top. For many of those at the bottom or on the periphery of the globalized pyramid systems, those problems are no longer merely theoretical things to worry about, as those problems still are for most of the people who are still living relatively comfortable lives, still situated more towards the center or top of those social pyramid systems, which continue to be supported by the degree to which it continues to be possible to strip-mine the planet an exponential rate, as far as that being done has its immediate benefits delivered to them (while the real costs are deferred onto others.)
The GREAT PARADOX has been that human beings always lived as robbers in their environment, while progress in physical science enabled them to do that at many orders of magnitude greater degrees than ever before. However, while the industrial revolutions were based upon prodigious progress in physical science, nothing like that happened in political science, because real politics was almost totally based upon integrated systems of legalized lies, backed by legalized violence, or ENFORCED FRAUDS. Therefore, all of the progress in physical science FAILED to change the social pyramid systems, but rather, only enabled those systems of ENFORCED FRAUDS to grow at an exponential rate, by strip-mining the natural resources of that planet as fast as possible, which was made possible by being able to deceive and destroy anyone else who may have otherwise resisted that. The globalized civilization that we are now living inside of was the work of the most psychopathic people, whose social successfulness was based on their abilities to back up their lies with violence. Hence, the Sad Truths about our financial systems are that those are all based upon ENFORCED FRAUDS, which have become the driving forces behind irreconcilable social polarizations, and even worse irreparable destruction of the natural world.
Metaphorically speaking, the industrial revolutions provided human beings with chains saws to cut down the trees of life, and those chips will fall were they may. The social debt engines, and the physical steam engines, were invented about the same time, and for several Centuries those have been fulfilling their potential to enable human beings to rape and plunder the planet. Those enabled the biggest ever boom, which will be followed by the biggest ever bust. The circle of dominoes that we started knocking down will continue to spiral around.
There is a general trend to not want to fully face the magnitude of the MADNESS manifested through financial systems based upon ENFORCED FRAUDS. Rather, the people who fail to do so can then spout various bogus "solutions" which are consistent with their superficial views regarding what the problems are. Hence, the deeper Sad Truths are indeed WAY MORE TRAGIC, because the more one learns, the worse it gets, regarding how and why civilization is being controlled by the ability to back up lies with violence, whose primary form is that our financial systems are based upon ENFORCED FRAUDS, successfully operated by the most psychopathic people, who have therefore been able to make and maintain a globalized civilization which is similarly psychopathic.
I'm really tired of this shit. Yea, I know that the world is in deep dodo. But fear-mongering doesn't do anyone any good.
Keep your head in the sand, my man. Every little thing is gonna be all right.
Who cares what you think. Between the people who are unaware, know something is wrong but do not want to know the details, and those who do but are too rich to care, the impact of articles describing the sequence of events undertaken in order to install a totalitarian world are read by a small fraction of the people.
What's that on-your-knees view you got there which makes ignoring the collapse of modern civilization and the genocide of the 1st world nation not worthy of assessment? Are you in banking? Information is the currency in a democracy. Control the conversation, baby. Or snort another line, pour another drink, fuck a different woman, eat another pie.
theres been more than 6*365*24*60=3153600 minutes since 2009 that Goldcore has said we are only 1 minute away from the crash...
don't lose faith, a broken clock is sometimes right !
Can't be right, this article was written hours ago.
What a non-article. FAIL.
One minute to midnight infers that its imminent. How many times have we heard this before?
I'll bet I'm a better expert than this yokel is IF he wasn't quoted out of context. I'll bet that the central banks of the world can print for much longer than all the experts can predict IMMINENT implosion.
What do I get if I'm right? Big fucking zippo. What I'd like to be able to do is tell all these "experts" to shut your yammer. I predict long drawn out inflation that will kill the middle class. Inflation that lasts for YEARS and their spending power does not keep up with price inflation. As the middle and upper middle class continues to slide down the ladder to middle and lower middle class. The dominoes ARE SLOW, SLOW, SLOW motion. Everybody has all the time in the world to prepare IF you pull your head out of your ass long enough to take notice. If you never pull it out, then you'll probably get taken by surprise.
We're all gonna die. Buy gold before it's too late!
No that's not right. We're all gonna die. Stock up on booze and blow!
What, no hookers?!? Are you like 80 years old or something?