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The Stock Markets Of The 10 Largest Global Economies Are All Crashing
Submitted by Michael Snyder via The Economic Collapse blog,
You would think that the simultaneous crashing of all of the largest stock markets around the world would be very big news. But so far the mainstream media in the United States is treating it like it isn’t really a big deal.
Over the last sixty days, we have witnessed the most significant global stock market decline since the fall of 2008, and yet most people still seem to think that this is just a temporary “bump in the road” and that the bull market will soon resume. Hopefully they are right.
When the Dow Jones Industrial Average plummeted 777 points on September 29th, 2008 everyone freaked out and rightly so. But a stock market crash doesn’t have to be limited to a single day. Since the peak of the market earlier this year, the Dow is down almost three times as much as that 777 point crash back in 2008. Over the last sixty days, we have seen the 8th largest single day stock market crash in U.S. history on a point basis and the 10th largest single day stock market crash in U.S. history on a point basis. You would think that this would be enough to wake people up, but most Americans still don’t seem very alarmed. And of course what has happened to U.S. stocks so far is quite mild compared to what has been going on in the rest of the world.
Right now, stock market wealth is being wiped out all over the planet, and none of the largest global economies have been exempt from this. The following is a summary of what we have seen in recent days…
#1 The United States – The Dow Jones Industrial Average is down more than 2000 points since the peak of the market. Last month we saw stocks decline by more than 500 points on consecutive trading days for the first time ever, and there has not been this much turmoil in U.S. markets since the fall of 2008.
#2 China – The Shanghai Composite Index has plummeted nearly 40 percent since hitting a peak earlier this year. The Chinese economy is steadily slowing down, and we just learned that China’s manufacturing index has hit a 78 month low.
#3 Japan – The Nikkei has experienced extremely violent moves recently, and it is now down more than 3000 points from the peak that was hit earlier in 2015. The Japanese economy and the Japanese financial system are both basket cases at this point, and it isn’t going to take much to push Japan into a full-blown financial collapse.
#4 Germany – Almost one-fourth of the value of German stocks has already been wiped out, and this crash threatens to get much worse. The Volkswagen emissions scandal is making headlines all over the globe, and don’t forget to watch for massive trouble at Germany’s biggest bank.
#5 The United Kingdom – British stocks are down about 16 percent from the peak of the market, and the UK economy is definitely on shaky ground.
#6 France – French stocks have declined nearly 18 percent, and it has become exceedingly apparent that France is on the exact same path that Greece has already gone down.
#7 Brazil – Brazil is the epicenter of the South American financial crisis of 2015. Stocks in Brazil have plunged more than 12,000 points since the peak, and the nation has already officially entered a new recession.
#8 Italy – Watch Italy. Italian stocks are already down 15 percent, and look for the Italian economy to make very big headlines in the months ahead.
#9 India – Stocks in India have now dropped close to 4000 points, and analysts are deeply concerned about this major exporting nation as global trade continues to contract.
#10 Russia – Even though the price of oil has crashed, Russia is actually doing better than almost everyone else on this list. Russian stocks have fallen by about 10 percent so far, and if the price of oil stays this low the Russian financial system will continue to suffer.
Just in the last 2 months...it's uglier than it has been in 7 years
What we are witnessing now is the continuation of a cycle of financial downturns that has happened every seven years. The following is a summary of how this cycle has played out over the past 50 years…
- It started in 1966 with a 20 percent stock market crash.
- Seven years later, the market lost another 45 percent (1973-74).
- Seven years later was the beginning of the “hard recession” (1980).
- Seven years later was the Black Monday crash of 1987.
- Seven years later was the bond market crash of 1994.
- Seven years later was 9/11 and the 2001 tech bubble collapse.
- Seven years later was the 2008 global financial collapse.
- 2015: What’s next?
A lot of people were expecting something “big” to happen on September 14th and were disappointed when nothing happened.
But the truth is that it has never been about looking at any one particular day. Over the past sixty days we have seen absolutely extraordinary things happen all over the planet, and yet some people are not even paying attention because they did not meet their preconceived notions of how events should play out.
And this is just the beginning. We haven’t even gotten to the great derivatives crisis that is coming yet. All of these things are going to take time to fully unfold.
A lot of people that write about “economic collapse” talk about it like it will be some type of “event” that will happen on a day or a week and then we will recover.
Well, that is not what it is going to be like.
You need to be ready to endure a very, very long crisis. The suffering that is coming to this nation is beyond what most of us could even imagine.
Even now we are seeing early signs of it. For instance, the mayor of Los Angeles says that the growth of homelessness in his city has gotten so bad that it is now “an emergency”…
On Tuesday, Los Angeles officials announced the city’s homelessness problem has become an emergency, and proposed allotting $100 million to help shelter the city’s massive and growing indigent population.
LA Mayor Eric Garcetti also issued a directive on Monday evening for the city to free up $13 million to help house the estimated 26,000 people who are living on the city’s streets.
According to the Los Angeles Homeless Services Authority, the number of encampments and people living in vehicles has increased by 85% over the last two years alone.
And in recent years we have seen poverty absolutely explode all over the nation. The “bread lines” of the Great Depression have been replaced with EBT cards, and there is a possibility that a government shutdown in October could “suspend or delay food stamp payments”…
A government shutdown Oct. 1 could immediately suspend or delay food stamp payments to some of the 46 million Americans who receive the food aid.
The Agriculture Department said Tuesday that it will stop providing benefits at the beginning of October if Congress does not pass legislation to keep government agencies open.
“If Congress does not act to avert a lapse in appropriations, then USDA will not have the funding necessary for SNAP benefits in October and will be forced to stop providing benefits within the first several days of October,” said Catherine Cochran, a spokeswoman for USDA. “Once that occurs, families won’t be able to use these benefits at grocery stores to buy the food their families need.”
In the U.S. alone, there are tens of millions of people that could not survive without the help of the federal government, and more people are falling out of the middle class every single day.
Our economy is already falling apart all around us, and now another great financial crisis has begun.
When will the “nothing is happening” crowd finally wake up?
Hopefully it will be before they are sitting out on the street begging for spare change to feed their family.
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I don't think the heavy stuff is going to come down for quite a while.
https://www.youtube.com/watch?v=t3lshY4PwI4
Have you stopped night putting?
In India, a lot of people without a "good" english education pronounce it "StUck Market". I think they have been on to something for a long time.
Meanwhile, it's much better to embrace change than have change embrace you...subtle difference, but major. Forced change tramples, change you embrace is ridden, like a hoss. Speaking of hosses and change...
Change you CAN believe in...following on...
https://www.youtube.com/watch?v=wLWbiGxYq10
That's because we're in Great Depression 2.0
It's a lot like the last one except without the huge fall in asset prices. That's the part of the first Great Depression that really fucked up the elites. They vowed not to let it happen again. Poverty, homelessness, unemployment... all still happening, just smoothed over by better data manipulation and the fact you don't physically have to stand in a soup line any more to be in the soup line.
It's the INVISIBILITY of it all that's different this time. Or, perhaps an unwillingness to look too closely.
Out of sight out of mind...
Try to imagine:
1.75 = feet per person in line
47,000,000 = people on SNAP
82,250,000 = feet of breadline
15,577 = miles of soup line...EVERY day.
http://www.zerohedge.com/contributed/visualizing-large-numbers-and-your-...
And, that doesn't even include all the kids that get free/reduced price breakfast, lunch and dinner at our schools, EVERY DAY!
Conversely, the federal government in the U.S. could not survive without the votes of tens of millions of people that BELIEVE they could not survive without the help of the federal government.
What ever happened to the Tenth Amendment of The Constitution of the United Staetes of America?
People don't care about the stock market because
#1 - no one but the uber rich are in it.
and
#2 - the markets haven't reflected reality on the ground for almost a decade.
The world has been in a jobs drought for at least five years, the biggest markets for longer. The U.S. middle class never recovered from 2001 and have been in a steadily deepening depression ever since.
So no. What happens to the stocks don't mean anything to anyone.
Those many anyones will care a great deal when the the credit markets seize up and pull the rug out from under their feet. Few are ready to overcome hard times as it is their spirit that is impoverished now.
http://finance.yahoo.com/news/hyundai-recalls-470-000-sonatas-fix-big-en...
It's only the engine...don't be such a cry baby. It's all very Bullish! A nice boost to their GDP.
WOW!
Nope, if you work and have 401K or company pension plan including government pension plans; you are in the stock market. That my friend includes everyone working or taxpayers. If you think you don't have any of those and relying on social security, when the stock crashes, equities (banks) will crash and government will not have any money to give out. The Fed will print more digital money but all it does is dilute the value of money until it's worthless.
I have assumed since I started working that my 401K equivalent (I am not in the U.S.) doesn't exist, because I recognise demographics and that it won't exist when I'm legally allowed to access it.
"Load up your guns, bring your friends; it's fun to lose and to pretend. She's over-bored and self assured. Oh no, I know a dirty word. With the lights out, it's less dangerous. Here we are now entertain us. I feel stupid, and contagious. Here we are now, entertain us. A mulatto, an albino, a mosquito, my libido." KC
BTFD? I only ask because it does feel different this time. ...
oil to the (bloody) moon.
place your bets
A very interesting and most depressing way to look at that. Wow.
-Argenta
How many days could you make your own soup, in a pinch?
For how many people?
Soup? Six people? Only about 80 days. After that, we'd be sick of soup so we'd be forced to subsist on canned vegetables, fruits, nuts, and meats until about midsummer.
6 months. Solo stove. Hand pumped well. Flavored hard red wheat gruel. Most days, it will be done at night in small batches to avoid attracting attention to smoke and smell. We will go to half calories on days/months we are not required to work in the garden or otherwise extert ourselves (more for the wife on wash day once a month, for example. Half the catch to the fish catcher etc.). This is the easy part. For the other part, we are working on our skills and mind set.
Soup would be a treat, most days would be rice and beans with a little canned meat to make up for the amino acids not found in the beans. For special occasions would be fried spam on home made wheat bread or tortillas. Corn bread made from popcorn for a change every now and then. Wild game if available but not counting on it. Can go a year like that or longer if all my tribe does not make it to our retreat.
Canned meat with rice is actually good from time to time being of asian origin so I guess I can live with that. Not having anything at all or spending all day just to scrape for food for the next day, that's what really sucks. A co-worker from Cuba told me this when he said he visited relatives in Cuba.
Canned meat with rice is actually good from time to time being of asian origin so I guess I can live with that. Not having anything at all or spending all day just to scrape for food for the next day, that's what really sucks. A co-worker from Cuba told me this when he said he visited relatives in Cuba.
Acorns, cattails, lillies, berries, frogs, turtles, fish, birds, tree rats, dandelions, cow parsnip, wild carrot, maple sap... the list goes on and on. If you know what you are looking for you will find plenty.
side note: don't cattails have MDMA or something in the green bits or roots? Just wondering.
There is a lot of food around, if...a big IF you and yours can get past eating things we usually kill to make the home look and feel nice (for others-go figure). I don't think i can eat a grub worm or whatever it was, again...that is bait, not food!
Long enough to outlast 98% of society...
-Argenta
HH: I think an analogies that is easier for people to imagine is: There are ~240,000 churches in America. There would be ~200 people lined up for soup at each, 2 or 3 times every day. You would see them. When truth be told, there are ~3 employed people feeding each SNAP beneficiary, and that number is declining steadilly.
The saddest part is the life force and energy of these people is not being channeled to build a great future for humanity. History shows there is a best way to do this: Free market capitalism. But we have those in power working and speaking against it day by day, growing the lines, lowering expectations about what one can accomplish in life. Now, even the energy of the productive is being sapped to ward off starvation of the unproductive, and defend/maintain the status quo. The system is grinding to a halt.
Good stuff.
"1.75 = feet per person in line"
Sorry, but your maths are all wrong here Horseman. Your calculations would be correct for the first great depression when Americans were about 1 foot thick. In today's age of obesity you need to correct to at least 3 feet per blimp. Of course over time, the sizes might come down through hunger but probably not, because the gov't soup lines will be served carbs and gmo. And the hungry will be shuttled in cuz they can't waddle that far.
Yeah but people aren't joined at the hip, you see. There is this thing called "personal space".
Yes, you must also add another foot or more to the space occupied - I left that out because it seemed obvious...
The "Syrian refugees" also need to be taken into account. Some of them could spontaneously explode completely scattering the lines.
It's Great Depression by Stelth & PsyOp.
I've looked closeley, stock markets need a Higher High as the Bond market will collapse.
Short term, we need to finish wave IV down, 1890 based on Negative Reversal, 1860, 1830, 1750.
http://tripstrading.com/2015/09/24/sp500-1h-chart-bullish-divergence/
http://tripstrading.com/2015/09/19/sp500-weekly-chart-2-or-5/
ORL...great vid on electric scooter---but you will need a hot Indian model babe with her salwhar kamezz blowing in the breeze!
+100 for Carl reference
Here's the message of the market today:
Interest rates will rise, energy prices will rise and this will be REALLY GOOD for the market, so load up on the long side...
This is a once-in-a-lifetime opportunity to LOAD UP YOUR SHORTS for the next 2 year run down to SPY 1400 or below...
Silver prices are approximately triple what they were a decade ago,
http://deviantinvestor.com/7361/silver-victim-of-motive-means-and-opport...
you only need to change your stocks into physical silver and wait! That is an easy job.......
That was yesterday. Today the Federal Reserve said it was going to raise rates by the end of the year and all is good again, here comes the rally! Seems like the rate raising lie isn’t over the saps continue to buy into it, the clowns on Wall Street have been given the green light to leviate and falsify more fake properity!!
It's always worked for them, why would they change now? It's the stupidity of the people that believe the bullshit is what needs to be changed.
I don't think many people believe it. It's not about "investing" based on expectations of future trends. That way of thinking is outdated. Now it's all about trading queues for short-term moves. News is traded. There is no investing anymore.
There is also a group that looks at it like this "where else can i put my money?" They don't need it to pay bills, they don't want more metals...not sure why...but they don't, they are retired or near it and have a narrow view of the world pounded into them in the 40's, 50's and 60's and can't change it.
I know of one that said "i am keeping my money in the market because i don't want to pay capital gains taxes on it" -before it dropped 2000points. Good job! you nearly paid the gains on paper anyway due to your losses.
Didn't they say "likely to raise"? They left them self an out, of course.
Looks like they're crashing up today.
Sounds like you need to buy the fucking dip!!
nice, spaceballs pic.
"I knew it! I'm surrounded by Assholes!"
Damn, I'm beginning to get concerned if I have enough ammunition or not when these starving zombies begin to flow out of the cities.
then you are not far enough from the city. You still want fries with that.
Any point above Dow 12k is just a digital game, not a market.
There is no difference between Dow 16k or 30k or 100k. Hft is simply typing up numbers on computers because they are told to.
Hoping you meant to say 'any point above Dow 0K is just a digital game, not a market.' Otherwise, spot on.
0.0012K?
It's IPhone day! I'll worry about the troubles of the world and the approaching economic apocalypse tomorrow.
Shit like this is why Yellen almost passed out yesterday. It takes a lot of energy to talk that deliberately slow while fighting all that mucus as she makes her voice extra grandma-like.
Disposable figureheads
Exactly, and you can talk shit all day about the Bernank, but they put in dear old sweet Grandma Fed so if you want to rage, you have to keep it clean.
But you should hear the noise in the closet, it's deafining.
These episodes can surely be caused by stress and mental exhaustion. Even moreso, if the character and the makeup of the person is in conflict over what they are engaged in. Your comment of "grandma" may be well taken. Knowing that the work you produce may be hurting somebody's grandchildren would produce stress in any ordinary loving grandma. You become at extreme odds with yourself internally. If Janet is indeed such a person (I've seen ZH comments all over the map regarding Janet, but nobody knows what's really in her head), we might see something totally unexpected (or maybe expected, because in the Obummer administration the odds are very high...): She might resign her post, and turn the destruction over to somebody else. After all, what loving grandma would want to be credited with a bunch of bad decisions when history looks back, or even be credited for just being there when the ship sinks, bad decisions or not?
Boehner gets busted and will leave congress, read all about it.
About damn time. Horrible politician
What other kind of politician is there? We need Leaders and Statesmen, not politicians. Or does it need to be Statesperson now? see my point?!?!
Thanks for reminding us all that some really, really good people sometimes trip up somehow, and get into really, really bad situations, such as becoming part of the Federal Reserve crime syndicate, and then its leader. Bless her heart . . .
It is so very easy to become leader of a mob, drug cartel, and the like accidentially. The FED is all of those, so it is even easier to become it's leader accidentally.
"When history looks back"... Newsflash, there is no history after this. History requires an intelligent species to interpret it, last I checked, the North American tree frog is lacking intelligence.
Well she won't be absolved of her sins for simply resigning I can tell you that much brother. Start opening up about the rampant manipulation or go to hell for enslaving future generations in this farce.
All these Jesus Freaks with their End of the World Dates are the same. When the day comes and goes and nothing happens, they claim it's a process, it actually happened and you just didn't see it, or my favorite: it's still coming!!
I wonder if we will be able to tell when we have passed on to hell?
Oldwood, have you heard of the mandela effect?
Or the BerenstAin bears? Anyone else here remember the BerenstAin Bears?
Mind fuckkery...
http://mandelaeffect.com/major-memories/major-memories-comments-1
You talking about the cartoon back in the day and little books we read as kids with the bears?
Yes, how do you remember their name spelt? Was it Berenstein or Berenstain?
Because all books (even old prints) say BerenstAin even though EVERYONE remembers it as Berenstein, pronounced, nice, Jewish Berensteen.
Stain?
Berenstein
Thats how I remember it
Never knew this and you are correct. I see a theory on it. Will look at it shortly. Very interesting.
The British Empire .... never in history .... have so few .... done so much .... for so many !
I checked your link and did some research of my own. It appears that there was a change around the 1994 edition print. If you look up the authors on amazon, you will see the original name, then the 1994 release has the name changed to stain. Look up "The Candidate 2012". There is a Huff Post article archived with that title, but if you look elsewhere it was "The Campaign". Certainly interesting. Convergences and divergences in a field, funny how the whole Higgs Boson field operates.
Dangit Vivek, now I'm gonna be scouring the yardsales for old copies of children's books.
Someone would have found one by now; we have an ancient copy of "The Bike Lesson" and it's BerenstAin.
That said, when i was first asked I was fairly certain it was an E too.
That is the big irony in all of this...we are already there
Where is there any mention of religion/spirituality or end times prophecy by Jesus in above article? Seems like your stretching buddy. It is ok if you feel angry. Let it all out.
http://www.theguardian.com/commentisfree/belief/2015/sep/24/for-the-red-...
bullshit Snyder was all over that Blood Moon /Shemitah nonsense. maybe not in this specific article... so pull the other one.
not in this article. Dont be a cockstick your whole life.
I said "not in this article"...meaning : he has spoken about this end of days fantasy/ jesus/economic tie in somewhere else ...i can’t stop Snyder from being a superstitious fear mongering doom porn spindler, and I can't stop you from believing him. twat waffle
What you are missing is the power of perception and the consequence of a self fulfilling prophesy.
I see very little difference between the "Jesus Freaks" and the "Fed Freaks".
For the End of Days:
"When the day comes and goes and nothing happens, they claim it's a process, it actually happened and you just didn't see it, or my favorite: it's still coming!!"
For the Economic recovery (Rate Hike):
"When the day comes and goes and nothing happens, they claim it's a process, it actually happened and you just didn't see it, or my favorite: it's still coming!!"
Big difference is one group is far more polite and has far superior standards.
Fuck Michael Snyder!!!!!!
Homeless people in LA? They welcomed the illegals and now they get to be like Mexico city. What did they expect?
Need a new board game : Beyond Monopoly, The FED. Goal: controlling the box with the game money in it.
The game should include a printer. Just saying......
What a great game idea: sell the game for cheap, then make bank on the ink cartridges! :P
Kids will line up around the block to get enough ink to fund their very own 'unlimited run' experience!!!
That is too free market, you capitalist pig!!! They need, somewhere in the instructions, a clause where they can write out IOU's and 1000 unit bills but only available for people who hold the blue and green end of the board. Railroads are so yesterday, those four should be part of the bank in some way.
http://www.theguardian.com/commentisfree/belief/2015/sep/24/for-the-red-...
Zero Hedge's radio silence on the Pope's visit is very telling.
Ain't it though....
Lots of things seem to go without comment.
Yup, did you see Black Francis open up with the "OK" (wink wink nudge nudge" 666 hand-sign? What a card!
And I was really looking forward to reading the comments about the Weeping Cheeto, who really out-did himself this time...
Yeah,what was that? Dude was picking his nose rihht there on live TV?
Rather unseemly....
I think I know how they're going to work in the rate increase. First, you go negative, as she alluded to (oops, a little preview leak of a real possibility), then, you finally have a green light to RAISE rates to ZERO. Brilliant.
Snyder, LOL.
jughead, LOL
The American middle-class is being destroyed and must be destroyed because it is the largest barrier to the One World Economic System. They start with introducing moral decay and once the society embraces that, the rest is easy. Given the sheer size of the American middle-class; it just takes time and the time is running out to get both the moral house and financial houses in order.
This interview should be "viral" with Ms. Austin Fitts: One of the most candid stories of "How we got Here".
Deliberate implosion of US economy - Former Bush Sec. of Housing Catherine Austin Fitts https://www.youtube.com/watch?v=40hzpnDP2E4The surge toward a world governement is a slow but never ending process.
Amazingly, we almost never hear about it.
Great video from Austin Fitts...thx for the link. I'm familiar w/ her work but this video lays out EVERYTHING so precisely.
Lots of Truth there which so many find painful and scary. Hopefully more people will see this.
N2 c it. Important
the middle class is the stabilizer of all nations/communities. From this fountain flows the ideals of social values, moralities, etc. This idyllic conditon cannot be re-created through inactions and dreams. The Predators will not have a buffer to their model of the "Animal Farm". Through acquiescence, the Preys hand over their rights. What a piece of cake ?
Speaking of the Pope. One of our esteemed fuckups in congress stole the Pope's water glass and smuggled it back to his office where his entire crew of imbeciles took turns sipping from the "holy water". All I can say is WOW!
Bergolios Backwash
if only the Pope were Typhoid Mary...
He's not the Pope. The Pope (Benedict) is under house arrest in the Vatican. He was taken down in a coup. This Peronist, Socialist is an Apostate NWO plant.
you suggest we Raqa him?
Those ISIS guys hate those Kurd socialists.
Pope on a rope
You are right; he is the Poope.
Really? The Satanists stole from the Satanic glass of water?
How about a total derivatives collapse and currency collapse.
naaahhhh. Those guys went to HAAVAAD, OXFUURD and YALLEE!! Theys is smaat peepses. Theys beez us mastuz. Dey no howz to luvurage 100millun to 1 and stuff if necessury. Dey evun say so, ask um.
Americans? Wake up?
Surely, you jest!
With at least 15% of the population having been lobotomized by chemicals/SSRI's, I'd venture to guess that very few here in the States have woken up, yet.
Mainstream media plays to a mass population that didn't see the benefit of QEs, Mainstream media only pointed to QE to highlight the chasm between the rich getting richer vs the 99%. So, to say the 1% are taking it on the chin doesn't really play to their narrative.
In the U.S. alone, there are tens of millions of people that could not survive without the help of the federal government, and more people are falling out of the middle class every single day.
Our economy is already falling apart all around us, and now another great financial crisis has begun.
When will the “nothing is happening” crowd finally wake up?
and yet,the can still gets to live another day down the road....what gives?
When the checks don't clear, they wake up. Three days is all it will take for the country to go into complete chaos. History has painted the picture many, many times. Nobody pays attention to history. But that is surely what will happen. It's a shame people have to be shaken so hard to be woken up.
What gives is that our country is given the huge privilege of possessing a reserve currency. That privilege is on the very of ending. And that's when the can quits getting kicked and gets run over by the tractor truck of reality.
-Argenta
Yellen seems to be crashing, also...
People are freaking out about this Janet Yellen speechhttps://youtu.be/1YAEHJvNscs
Published on Sep 24, 2015Janet Yellen's speech at University of Massachusetts at Amherst causes a stir.
Time for a bounce back.
They arent crashing, they already crashed.
Bidders are active, sellers are shy.
So?
BTF HIGH
As long the bidding persists
#10 "...Russia is actually doing better than almost everyone else on this list. ..." And there is a real, solid reason for that: Look at their debt to GDP, and compare it to every other country on the list.
i heart central planning
May the power elite rothschilds and their ilk burn in their own cesspool. If they're children ask me for a hand out, i'll give them one since what better way to stick it up their asses then to convert their gene pool to the good side.
if they ask for a handout and are a male, i will poison them. If they ask for a handout and are female i will prostitute them.
Because that has worked so well in the past...... Old way, try the new way where we all get to live.
SO the stock market has a seven year itch.
Is that all?
This market can do what it will do. But it does not translate to a job or a boost to the average guy or gal trying to put food on the table.
Of course there is a crowd that makes a buck or more off the market.
Isn't, wasn't the market supposed to be the funding and tracking mechanism for the real economy? Now, it has BECOME the economy?
Doesn't help me. Does not mean a hill of shit to most of the people I know.
Stemming the tide of illegal labor would help me. How many would have a job, if not replaced by a cheaper H1b visa holder?
Not to mention, I simply can't get motivated. I'm surrounded by government workers, who are immune to the economy; people collecting a government check for their existance ; a monied class who suck off the market; or government contractors, who are fat and happy, but would be broke tomorrow if the gov cheese stopped.
I don't want to be in any of these groups. But it's near impossible to make it, or plan and stratigize for the future. And, you just become a unit for the government to attach to and start sucking. You feel like a chump going out and trying to hustle a living.
If an illegal doesn't undercut you, the government takes half and regulates the hell out of you. Meanwhile, you have to maneuver among people with no visible means of support. And you know they are getting a check. Either welfare, disability, government pension ( there are few if any private pensions, anymore) , or collect what they can and work under the table.
I've started and owned 2 businesses with employees. I can't fathom doing it today. All the rules, regs, ObamaCare, withholding, paperwork and liability. Keep it.
Strange times.
Cold Truth, NP. I passed it on. Thanks for sharing a reality I know well, too.
Boehner is resigning. Breaking!!!!
M. Snyder says the same shit over and over. I'm not saying that we aren't living in a house of (economic) cards, but it doesn't make me a genius to predict the enevitable. I can predict it's going to rain some day here in sunny CO - tell people everyday - when it actually does happen will I look brilliant? To some. To others, I'll just look like an annoying asshole. If a pundit wants to impress they need to give a fucking date when the big crash happens. Newsflash: There will be NO big crash, NO tremendous upswing in PM's...the crash is happening right now. Decline in roads, schools, public services(yes, we need these things), medical care, etc....the middle class is being raped into non-existence. The house of cards is falling like a real house would with neglect - slowly and surely. The "elites" will suffer nothing and they have suitable control of the markets to ensure the crash happens gradually enough so that us average folks wake up twenty years later with a pretty shitty existence here. Of course, this could be way off. It's comforting to dream of a world where stacking silver and lead makes one in an extemely comfortable position. It's probably a lot more productive to get off this fucking computer and start taking over the local governments and buidling on that. For the record, I won't stop stacking...it's become a nervous habit.
Q: What's the difference between a coma and a corpse?
A: Not much.
Slip sliding away...
What's the difference between a coma and a corpse?
The answer Hope: ... so we must not be looking at a coma because there is no hope.
The real question: What's the difference between the terminally ill and the expired?
The answer: Time
Scariest noun in the language.
Did I say fuck Michael Synder?
DOW 10% below its alltime high and comparing it to China's 40% drop? Really?
Great link...thx. I'm familiar w/ Austin Fitts but hadn't seen this video, which lays out EVERYTHING in a very understandable fashion.
The Truth hurts...but I've never been one to fear it like so many.
They are not discussing the implosion all around the world because they can't stop it, and they don't know the basics of economics, or even basic mathematics. The talking heads are hired by Corporatists that learned economics from professors that have no understanding of Economics, or Science, Engineering, or Math, and Physics. Bottom line is that the blind are indeed leading the blind down the garden path to Hell & Purgatory.
It is time.....
release the kraken
https://www.youtube.com/watch?v=7SqC_m3yUDU
1926 - house prices softened
1927 - car sales dropped
1928 - construction levelled off
But in Wall Street the music still played until 1929.
Investors and markets are slow to react to the oncoming storm.
The master class are always the last to notice the stink after fouling their own nest, and always the first to fly away.
Problem is, they're running out of places to fly to. Not nearly enough hobby farms in New Zealand for all of them.
Good Lord... we've moved from Sound Insights, to 1 min Technical Analysis, to Shemitah BS. Zero. Hitting. New. Lows. Every. Day.
Michael..with all this gloom and doom...isn't there a book or newsletter you want to sell me so I can rider out this nasty bad ass storm...
Riders on the storm
Riders on the storm
Into this house we're born
Into this world we're thrown
Like a dog without a bone
An actor out on loan
Riders on the storm
When will Tyler realize the sky is not falling?
Shemtitah Baby !
US market just finishing up its obligatory "last squeeze". Looks like we're going to end solidly red today, and then crash Monday.
And if you doubt this, take a look under the covers. Small caps are basically red already. Huge distribution since the open nasdaq. Dow being held up to allow for distribution of illiquid shit.
That won't last much longer and then the whole things falls on its own weight.
Burn baby burn.
Looks like the propaganda trolls are awake today... LOL.
When will the “nothing is happening” crowd finally wake up?
When they are thirsty, starving, and cold.
How ironic that the prices of Commodities is down in the Futures Market, but the prices of Grocery Commodities are up in the Present Market.
TAALR is struggling to interpret this paradoxical data, to come up with a rational explanation. Help me out here, is it the Great Recovery that is causing the Price Inflation?
The only rational explanation that I can come up with, while doing further background analysis, is that companies are using the lower prices of commodities to increase their profit margins, and are thus able to pass those benefits to its executives and shareholders.
Perhaps our groceries are the last great hedge for the big $...........
I heard that said about commodities last year....
Thought today Sept 25 was supposed to be the end of the world or something??