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The Calm Before The Storm
Submitted by Michael Snyder via The Economic Collapse blog,
Have you noticed that things have gotten eerily quiet in the month of October? After the chaos of late August and early September, many had anticipated that we would be dealing with a full-blown financial collapse by now, but instead we have entered a period of “dead calm” in which things have become exceedingly quiet in almost every way that you can possibly imagine. Other “watchmen” that I highly respect have made the exact same observation.
Even though the economic numbers are screaming that we have entered a global recession, they aren’t really making any headline news. A whole host of major financial institutions around the planet are currently in danger of collapsing and creating the next “Lehman Brothers moment”, but none of them has imploded just yet. And of course Barack Obama seems bound and determined to start World War III. On Monday, it was announced that he is sending a guided missile destroyer into Chinese waters in the South China Sea. The Chinese have already stated that they might just start shooting if this happens, but Barack Obama doesn’t seem to care. But until the shooting actually begins, that is not likely to upset the current tranquility that we are enjoying either.
To me, what we are experiencing at the moment would best be described as “the calm before the storm”. If you are not familiar with this concept, this is how it is defined by How Stuff Works…
Have you ever spent an afternoon in the backyard, maybe grilling or enjoying a game of croquet, when suddenly you notice that everything goes quiet? The air seems still and calm — even the birds stop singing and quickly return to their nests.
After a few minutes, you feel a change in the air, and suddenly a line of clouds ominously appears on the horizon — clouds with a look that tells you they aren’t fooling around. You quickly dash in the house and narrowly miss the first fat raindrops that fall right before the downpour. At this moment, you might stop and ask yourself, “Why was it so calm and peaceful right before the storm hit?”
Like so many others, I believe that a great storm is coming, and yet right at this moment things seem so peaceful.
Unfortunately, this period of peace and quiet is not going to last for long, and most Americans know deep down that something is seriously wrong with our nation. In fact, a new WND/Clout poll has found that 85.3 percent of all likely voters in the United States believe that our country is going in the wrong direction…
The poll found 92.6 percent of those who identified themselves as conservative believe the nation is on the wrong track. Among those who call themselves liberal, 90.9 percent said it is going the wrong direction.
When asked what they think of the American economy after seven years of Obama’s leadership and economic policies, nearly 80 percent described it as “very fragile” or “somewhat fragile.”
Self-identified Democrats, Republicans, liberals and conservatives were in general agreement, with about 75 percent to 80 percent describing the economy as “somewhat fragile” or “very fragile.”
But even though we are steamrolling in the wrong direction, we haven’t suffered any incredibly serious consequences for it yet.
For the moment, this is allowing the mockers to have a field day. They are fully confident that Barack Obama and the Federal Reserve knew what they were doing after all, and they are gleefully taunting those of us that have been warning of the great disaster that is heading our way.
However, those that are wise are getting prepared.
I think that we could all learn some lessons from what Overstock.com Chairman Jonathan Johnson is doing. The following is an extended excerpt from a recent Zero Hedge article…
*****
One week ago Johnson, who is also candidate for Utah governor, spoke at the United Precious Metals Association, or UPMA, which we first profiled a month ago, and which takes advantage of Utah’s special status allowing the it to use gold as legal tender, offering gold and silver-backed accounts. As a reminder, the UPMA takes Federal Reserve Notes (or paper dollars) which it then translates into golden dollars (or silver). The golden dollars are based off the $50 one ounce gold coins produced by the Treasury of The United States. They are legal tender under the law and are protected as such.
What did Johnson tell the UPMA? Here are some choice quotes:
We are not big fans of Wall Street and we don’t trust them. We foresaw the financial crisis, we fought against the financial crisis that happened in 2008; we don’t trust the banks still and we foresee that with QE3, and QE4 and QE n that at some point there is going to be another significant financial crisis.
So what do we do as a business so that we would be prepared when that happens. One thing that we do that is fairly unique: we have about $10 million in gold, mostly the small button-sized coins, that we keep outside of the banking system. We expect that when there is a financial crisis there will be a banking holiday. I don’t know if it will be 2 days, or 2 weeks, or 2 months. We have $10 million in gold and silver in denominations small enough that we can use for payroll. We want to be able to keep our employees paid, safe and our site up and running during a financial crisis.
We also happen to have three months of food supply for every employee that we can live on.
*****
Why would such a seemingly intelligent and successful CEO of a large Internet company do such things?
It is because he can see the writing on the wall.
This period of calm will not last. A great storm is coming, and when it does arrive those that have not prepared for it are going to suffer tremendously.
Most people have no idea just how fragile our system really is. Today, some of these “too big to fail” banks supposedly have trillions of dollars in assets, but if you want to withdraw $10,000 or more in cash you have got to give them 24 hours notice to get enough money…
This is just the beginning. As anyone can tell you, it’s all but impossible to move large amounts of money into cash in the US. Even the large banks will routinely ask you for 24 hours notice if you need $10,000 or more in cash. These are banks will TRILLIONS of dollars worth of assets on their books.
And with each passing day we see even more signs of the global economic slowdown that is emerging all around us. For example, we just learned that the China Containerized Freight Index has dropped to the lowest level ever recorded. China accounts for more global trade than anyone else, and so this is a very clear sign that global economic activity is slowing down dramatically…
By early July, the index dropped below 800 for the first time in its history, which started in 1998 when the index was set at 1,000. It soon recovered to about 850. And just when bouts of hope were rising that the worst was over, it plunged again and hit even lower levels.
The latest weekly reading dropped another 1.7% from the prior week to 752.21, the worst level ever. The CCFI is now 30% below where it had been in February this year and 25% below where it had been 17 years ago at its inception.
But for those that don’t want to believe that hard times are on the way, they can take comfort in the eerie period of calm that we are experiencing right now.
What they don’t realize is that this truly is “the calm before the storm”, and the global economic crisis that is ahead of us is going to be far beyond what most people ever dared to imagine was possible.
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Snyder appears to be the one who doesn't get it, as he has been writing this Doom Porn for years now.
Most people in America (and the west in general) don't know and don't care. It's that simple.
That's because most American's don't know the difference between Ignorance and Apathy.
While that is true, Snyder has been exposed for selling false doom before. His story on "radioactive" fish here in the NW was a boldfaced lie, and he never retracted any of it to my knowledge. In fact, he repeated it.
"Radioactive" fish destroyed his memory?
Scaremongering zionist.
Australian Broadcasting Commision did a "Breaking the Silence" on Rabbis and Paedophilia on National TV last night. Those interested can follow the story trail back to New York...
http://iview.abc.net.au/programs/breaking-the-silence/DO1414H001S00
Sionist Scoffielder and brain washed kook.
http://www.sweetliberty.org/issues/hoax/scofield.htm
"Radioactive" fish destroyed his memory?
Well, they sure as heck ate my homework, that's for sure!
Silence nor calm implies 'peace'.
I've beets to tend to......
Bullshit. Michael Snyder and no one for that matter knows when this shitshow is atually going to start, if ever.
Im pretty sure ZH has been saying this for years, but nothing has ever come out of it. While ZH and Snyder should be right, that would only apply to natural situations. With CB's printing at an all time high and stock market manipulation becoming the norm, we are in a completely unnatural situation and uncharted territory.
All these articles are doing is stressing out readers more than they already are, which is not necessary because everyone that reads ZH knows whats up. No need to keep reminding us.
Coyote never fell till he looked down right?
We find ourselves in the brown-eye of the storm.
lolololol Fahque
If you can't handle being "reminded" of the matrix hell unfolding in slow motion, you need to work on your kegels before the show does start.
I don't know why i keep returning to this end of the world bullshit blog, maybe it just more entertaining than regular news...
I am glad other ZH readers are also reaching their limits of digesting endless amount of 'immediate collapse' trash. Since the collapse never seems to come, it might be more positive to read more optimistic stuff. It is good for mental health etc etc.
you're really harshing my melodrama man
"All these articles are doing is stressing out readers more than they already are, which is not necessary because everyone that reads ZH knows whats up. No need to keep reminding us."
How would ZH keep up its readership and Ad revenue, if people stopped clicking or posting?
You have the power to make it stop: Stop reading or posting. Push away from that keyboard. Walk away, get a life. ;-)
Good to see you back Kirk. And yes, too much ZH/Doom Porn can weigh on you.
I know when to push away, and have done so several times. I'm getting close again. Cheers...
I'm not stressed out because I'm prepared.
Guns - check
Ammo - check
food - check
PM's - check
Whiskey - check
In the meantime, I'm enjoying life, especially trying to be a good father to my kids.
@WelfareTycoon -All articles are not especially for YOU. There are people out here who don't know yet or need mor information in order to form THEIR opinions. We aren't particularly concerned about YOUR being stressed or bored.
What are you talking about Bro? I live on the water in the pacific northwest and over the past 3 years the decline in living organisms is evident. To pretend that seafood is safe to eat from the Pacific is absurd!
http://enenews.com/mystery-scores-dead-rare-sea-animals-wash-gulf-california-ap-dozens-carcasses-found-beaches-floating-water-govt-experts-baffled-mass-death-dolphins-sea-lions-turtles-long-stretch-coastline-cl
Try enenews.com to see what's really going on Dude, and take off those rose coloured glasses.
Whatever. All those stories were from Mexico. I live on the water on Vancouver Island as well and have seen none of this happening, nor have I heard anything like that out on the coast near Tofino, Ucluelet and Long Beach. I eat the sockeye, chinook, halibut, prawns, etc...from these waters and they are completely safe. You're full of shit.
And Isn't this the same source that Snyder quoted in his "radioactive" fish story? I'm pretty sure it was.
Do you have a Geiger Counter?
Do you know how to use it?
I have MEASURED IT in San Diego, California.
I have EXPERIENTIAL KNOWLEDGE backed by empirical data.
Even the San Diego Union Tribune covers the story with the Sea Lions starving to death because of the lack of feeder fish.
If is funny that they show pictures...
Even the local Television Channels, here, albeit liberal as hell, broadcast it live from the beaches.
They are not into Doom Porn although they do like promoting the environmental angle and blame it on Global Warming.
Even though I do not have a working TeeVee Set I am not totally blind to TeeVee as I see it while I am in the stores, here.
You can close your eyes and claim anything that you'd like...I really do not care.
Bon appetite...Stomach Cancer is really one of the most painful ways to die.
Eat hearty. Eat well.
LMAO.
You're not "LMAO."
You're clacking out your hatred on the keyboard in frustration while others are enjoying their lives.
Do you know how to use a geiger counter? Do you know what it actually measures?
Good luck with that. I wouldn't feed west coast seafood to my pets.
Don't know, don't care.
October is always a downer type of a month. It is somewhat silly to be in the prediction game in October. Excessive debt levels are a problem everywhere and now that the EU will go down the gurgler because of refugee costs. The big crash looks closer. Ukraine and Greece, China containing herself, India waiting for divine intervention, Greece being overrun.
The list is endless, but for good measure add two war scenarios, Syria/ME and the South China Sea. That'll distract the population from the sluggish economies and wage lowering influences. The system perpetuates its toxic influence by dividing people, so hang on to your hats.
I don't know, and I really don't care.
EDIT: Damn you for stealing my line.
And we've got a global conflagration in the works to mitigate the risks associated with any headwinds we may experience.
You're welcome.
say what you want about Snyder..
Has it ever even crossed anyones mind here
That we REALLY ARE IN A Real Depression..
one where everyone is Lugging around a "God Phone"
Notice how SLOW the stores are? Notice How Little is being SOLD?
Paying Attention to Fucking Reality Helps..
I am living in a town in the midst of the Greater Depression. There are over 50 empty CRE buildings in the small downtown (which has long since died). Economic decay at its worst while the city has not cut one job in 20 or 30 years. They just raise taxes every year to make up the difference in lost private business activity. Drug addicts, homes for sale and increased crime are leading the way here. Oh, and massive school closures too. No middle schools here anymore, K to 7, and high school 8-12 now.
I have no illusions about it at all. Just don't care much for Snyder, as he isn't honest about reporting facts at times, that's all.
Anecdote is not singular for data. Here in north Texas we're building houses, CRE, schools, and corporations still moving in. Property values are strong and lots of jobs from cafeteria worker to lab scientist. Restuarants stay decently busy and forget about trying to get a table at a decent place on Friday night or Sunday after church.
Y'all come on down to Texas, just leave your liberalism at the state line.
Anecdotes are just that. Eventually printing won't have the desired effect. Eventually control will slowly slip away as it already is. Eventually someone will press the wrong button or worse. Sure, they are dragging it out as long as they can, hoping that just maybe there is a way. We all know there isn't. Sure, go to breakfast after church and tell yourself things are fine. They aren't. And if you can't see far enough down the road, or the forest for the trees, well, good luck with everything.
jeez. wasn't it him that had a big red button with a september / october date stamp on it? now its "people" who were calling for a sept. oct massive crash. you da people. you were not equivocating a few months back. it was your "gut" feel and your "contacts". well both were wrong.
doesn't mean it won't happen but the sky isn't falling until obama makes it fall.
And of course Barack Obama seems bound and determined to start World War III.
The Nobel Prize Winner is dong his best both in Syria and in the South China Sea. US is increasing troops in Iraq and increasing tensions in the South China Sea:
US signals military escalation in Iraq and Syriahttp://www.wsws.org/en/articles/2015/10/26/iraq-o26.html
US launches South China Sea military provocation against China
By Nick Beams
27 October 2015
The United States has launched a reckless military provocation against China by sending a naval vessel within the 12-nautical mile limit surrounding islands claimed by China in the South China Sea.
Early today, local time, the guided missile destroyer USS Lassen entered the exclusion zone around the Chinese-occupied and claimed Subi and Mischief reefs in the Spratly archipelago. China has reclaimed land from the sea and constructed facilities on the reefs. The USS Lassen was accompanied by a P-8A surveillance plane and a P-3 surveillance aircraft. According to US sources, China was not informed and no incident occurred.
The brazen and aggressive character of the operation is underscored by the fact that it has been undertaken in the total absence of military activity against the US by China. Rather, it assumes the form of a pre-emptive strike aimed at humiliating the Chinese regime and placing it in a situation where it either confronts the US navy or bows down to Washington’s repudiation of China’s decades-old territorial claims in the strategic South China Sea. Not coincidentally, the operation was announced just as a major meeting of the ruling Chinese Communist Party central committee was convening to consider economic policy over the next five years.
According to an unnamed US defense department official, who provided a briefing on the operation, the deployment of the USS Lassen is not a one-off, but the start of a series of provocations.
The US actions vastly raise the threat of a military clash with China and the danger of a war between nuclear-armed states that would draw in every country in the region and beyond.
http://www.wsws.org/en/articles/2015/10/27/chin-o27.html
"War" is when big strong countries like America kick smaller countries ass, like Vietnam, Iraq, Afghanistan, Palestine etc. Big strong countries don't have wars with each other anymore, they have nuclear deterrence.
J.O. Just wanted to say, thank you for what you do. You always provide a great post and including links. Always read your posts.
ZH is better because of you and others like you.
Good stuff...
Agree. Unlike others, who got themselves banned, J.O. is clever and shrewd enough to mix up things: He does not constantly target only one group -- no matter how good it feels, or how justified it may seem at the time.
Moral: If your enemy raises the bar for blogging discourse, so must you/we.
Takeaway: ZH has grown beyond mere "stepping over" a low bar. One must now have writing skill to jump over it. And that's fine. Raise that bar, for all I care. We can still speak Truth to Power and Corruption.
There are only two things I can't stand in this world. People who are intolerant of other people's cultures... and the Dutch.
Or at least the Dutch Boy....
Thanks. Doing my share for a more just world.
Never seen a post from you that I did not agree with.
Wishing you the best.
And yet again I beg with my last breath --- Lassen Come Home.
The delusional SOB thinks he is Roosevelt and can bag 4 terms with a world war.
I never worry until I hear thunder.
... a rolling thunder?
molon labe !!
A storm is coming. The people creating the storm and hoping for death are the international bankers.
"What they don’t realize is that this truly is “the calm before the storm”, and the global economic crisis that is ahead of us is going to be far beyond what most people ever dared to imagine was possible".
“the calm before the storm”
~ I have no doubt that when this econonic storm finally slams into the USSA it's going to be one for the record/history books.
The EU will be getting the ass reeming first & hard.
It's way past FUBAR!
From Article: "85.3 percent of all likely voters in the United States believe that our country is going in the wrong direction…"
The fact that 85.3% of Americans agree on anything is amazing. Why are 85% letting the 15% lead them around by the ring in their nose?
Got to say I find the up move in 2011 on that chart most impressive.
Thanks Michael - I appreciate all your hard work. I follow you on the Economic Collapse blog - awesome articles.
Found Michael's alt account.
such a foolish article
the banks have won and as such are a permanent ruling class
there will be no 'cleansing reset' that brings about 'economic justice to the many'
the banks will simply print money, as much as they like, whenever they need it.
end of story
sum ting wong?
Re: "WE" are steamrolling in the wrong direction...
Would people please refrain from speaking in the first person plural unless they have at least two heads or otherwise indicate precisely for whom they speak because you do not speak for me. I have not been assimilated...
We agree with your statement.
It is infinitely irritating to us when people do that.
BULLISH!!
Quiet? Nah. I keep hearing the same dreck over and over and over again about the end of the wolrd, the dollar, the euro, the EU, oil, Abe, Saudi Arabia, DAX, Merkel, ___________________ (fill in the blank)
and yet each seems to be merrily progressing on its way. Calling 500 of the last 2 major market events. I guess if you throw enuf shit at the wall, some of it is bound to stick.
Off to pomp iron.
So we can take it that you are in no way involved in commodity production?
The reference to iron was entirely spurious?
The VIX is quiet. Next time, just stay in the gym and dont leave.
So pump up the jam, pump it up.
According to global data, stock markets should be much much lower, but no one wants to sell because, well, why should they? Every selloff has been V reversed in short order by random massive buy programs. Furthermore, no one wants to lay out shorts, much less press an existing short, because everything central planning is doing is designed to inflate assets, most specifically stock markets, and that has been a losing proposition for the last 7 years.
The US Federal Reserve has taken their price stability mandate and focused it entirely on the stock market, rather than the doing what is best for the US economy and everyone who is a part of it.
Until being shown otherwise, they believe Stock Market Stability=Population Stability.
Best explanation ever ! nice summarizing
It will then take a big defaut from a major company for the shits to unfold
in the meantime wait and see
Calm in the markets, but escalation continues on the Geopolitical front. Here's a great example:
Russia’s “Bombing” of Syrian Hospitals: The Incredible Expanding Lie
TND Guest Contributor: Tony Cartalucci
When reports of Russian military aviation striking what AFP called a “field hospital” came to light, they were met by immediate skepticism, even by critics of Russia. AFP’s article, “13 dead as Russia strike hits Syria field hospital: monitor,” reported that:
At least 13 people including medical staff were killed when Russian warplanes struck a field hospital in northwestern Syria, the Syrian Observatory for Human Rights said Wednesday.
Of course the so-called Syrian Observatory for Human Rights is actually a single individual named Rami Abdel Rahman, who is admittedly sympathetic to those seeking the division and destruction of Syria. Rami Abdel Rahman is also based in the UK, so is not actually “observing” anything in Syria. He himself has been observed coordinating his activities with the Foreign and Commonwealth Office in London.
Full story, click below:
http://thenewsdoctors.com/?p=527216
I wouldn't exactly call 0% interest calm. I'd call it the middle of the storm. seriously. 0 rates! that's what you do when the world has imploded. Tarp? QE? MBS purchases? 8 year car loans? floods? locusts! shit's bad.
Wait...
Cueing Cotton Eye Joe by the Rednex for a little background music...
Where did you come from where did you go
Where did you come from Cotton-Eye Joe!
what the fuck is this about?>
At least 20 Turkish aircraft violate Greek airspace
http://english.pravda.ru/news/world/27-10-2015/132421-turkey_greece_airs...
it appears the move to invert the financial world has succeeded - war is peace etc. Articles like this, while dramatic and conspiracy laden, posted them on ZH is really preaching to the choir. Most of you know I spent my evening trying to inform ordinary people of the oncoming collapse and that PM may turn out to be a protection of whatever wealth they have left. problem is 99% of people I speak to dont care because the have nothing left to lose regardless of what storm comes. so to agree with a previous commenter... indeed the banks have won... they will just keep their facade going and the GP just swallow it up... not realising they are becoming poorer as a consequence.. boiled frog so to speak..
I will continue to promote gold ownership and the ideal of a wealth based monetary system even if it falls on deaf ears
www.teamramgold.com/about-us
I am concerned about the creation of the super socialist state growing day by day rather than the big storm others see coming. There are eight levels of control that must be obtained before you are able to create a super social state (like Saul Alinsky dreamed of). The first is the most important.
1) Healthcare - Control healthcare and you control the people (Obama has this started)
2) Poverty - Increase the Poverty level as high as possible, poor people are easier to control and will not fight back if you are providing everything for them to live (Welfare state is here)
3) Debt - Increase the debt to an unsustainable level. That way you are able to increase taxes, and this will produce more poverty (next shot of debt increase coming and taxes not far behind).
4) Gun Control -Remove the ability to defend themselves from the Government. That way you are able to create a police state (Obama and Hillary are doing it now).
5) Welfare -Take control of every aspect of their lives with Food, Housing, and Income (half the population is there).
6) Education -Take control of what people read and listen to and take control of what children learn in school (Total brain washing underway).
7) Religion -Remove the belief in God from the Government and schools (Christianity is getting killed by all kinds of socialism aimed at Christians by gay rights, social media, thought police, etc..)
8) Class Warfare - Divide the people into the wealthy and the poor or liberal or conservation (many more divisions). This will cause more discontent and it will be easier to tax the wealthy with the support of the poor (wealth means tax the suburbs to pay for the city or the latest is to move city residents to low income housing in the suburbs).
This is what I see happening to the United States every day that is killing this country…
What you are describing is called the New World Order.
RabbitOne, and I'm concerned about the (natural or willful) Learning Disabilities on this site:
After all these years, thousands of articles and millions of posts, you'd think that ZH people would finally clue in that all this cannot be any other way -- given the DNA of the Modern Monetary System, and its baked-in need for ever increasing Debt. When your Currency is Debt-based, there can not be any other mathematical outcome. Especially when you include the effects of Compounding.
Whether a country spends more on guns or butter, or on both is irrelevant from this perspective -- as long as it spends more, i.e. as long as more Debt is created. If people still can't figure this out (and the concept of Compounding), they need to hand back their degrees and high school diplomas.
The punishment by the Wealth-Transfer Mechanism (labor and real assets for fiat currency and fiat debt) will continue, until morale improves.
Has Snyder officially retracted his Blood Moon/Shemitah/Va Fangul bible thumper theories?
Seems like the polite thing to do.
Right Wing Nutjob Pastor Humiliates Himself Over His Own Blood Moon Superstition
http://www.addictinginfo.org/2015/04/06/right-wing-nutjob-pastor-humilia...
John Hagee Winds Up Debunking His Own 'Blood Moons' Theory
http://www.rightwingwatch.org/content/john-hagee-winds-debunking-his-own...
Blood Moon Abomination: Why Christians Shouldn’t Buy What Hagee is Selling
http://www.patheos.com/blogs/formerlyfundie/blood-moon-abomination-why-c...
Has it ever occurred to you that all these Doomsday sites are just money-making catnip or Astrology for libertarians/Libertarians?
No one ever went broke, underestimating...
Has it ever occurred to you that many of the top-level predators-that-be are fixated on numerology, and love to cause events based on this? And so, the most likely reason that big events often occur on or near Shemitah and other numerology-oriented dates is because they are made so by the predators-that-be?
For someone to notice these patterns is not mysticism... unless they believe mystical causes created the patterns. But as I said, far more likely they are self-fulfilling prophesies generated by the predators-that-be.
This time around the so-called "fringe crowd" was totally on top of pattern the predators-that-be had adopted for decades. And they made bets like put options on that basis.
Since these are the primary enemies of the predators-that-be, what do you imagine they would do? That's right, screw over the "fringe crowd" by making September/October smooth sailing. Steal their funds and laugh all night.
To be sure, plenty of hucksters exist. And surely some of them have found their way into the PM and prepper domains to fleece suckers. However, most folks in the PM and prepper domains are sincere... especially those who have been there for many years.
-----
Also remember the following. For someone who is alert, honest and insightful, the causes of disasters and collapses are evident YEARS in advance. However, it is virtually impossible to predict exactly when some local weakness (crack in the dam) will break and expose the disaster/collapse to everyone. Which is why everyone panics and finally the inevitable consequences play out.
Precise timing is vastly, vastly, vastly more difficult to predict than cause and effect, especially when the predators-that-be can (and do) create endless fiat out of thin nothing, and manipulate everything they can regardless of ethics or even their own laws.
So... don't be so harsh on alert, honest, insightful folks just because their predictions haven't come true yet. But yes, keep your eyes out for scam artists too!
On the radio today I heard that Fed Ex was considering hiring 1500 part time workers for the holiday season because they expected a 16% increase in air traffic for gifts this year.
I shook my head wondering if last year was so bad or that Fed Ex knows something I don't know.
No one can predict the future, period.
This Chistmas season is going to suck, except for gun sales, ammo, water, beans & rice.
I went to a local mall during lunchtime yesterday, and it was a GHOST TOWN! You could look the entire length of the mall and you might see 20 to 30 people walking around, and they didn't look like they had jobs.
Yes, but did they mean 1500 more workers than they needed last Xmas, or 1500 workers more than they needed during the fall? My bet is that it was the later, in which case the important number you are missing is - how many seasonal workers did they hire last year, or 6 years ago?
Yes, we may indeed be in the center of the storm. Since this shit storm is so colossal I imagine the eye of the storm is also quite large. Things have been chugging along far longer than anyone here ever thought possible. Look back at what happened in the mid to late 70's. The financial prophets of the time; Ruff, Browne,et al were calling for immenent doom just around the corner because of what Nixon did. Same thing in late '08 & early '09. Here we are in 2015 and the US government just upped the debt limit another 3 trillion dollars! It is going to happen. No question about it. No one sees it because no one wants to acknowledge what life will look like during and after the reset.
That little volcano outside of Pompei that covered everyone in ash and instantly destroyed all forms of life didn't just blow. Months leading up to the big eruption all kinds of crazy things were going on. Lots of rumblings and seismic activity along with strange happenings like rivers running backwards occured. Still no one did anything. So it is today. Pepare; it's coming.
Also, our foreign policy is being run by a bunch of idiots who are Hell bent on starting WWIII. The propaganda, especially concerning the middle east, in the MSM is pathetic. It's scary to think that these morons are running our country. The sad part is most Americans are buying this line of Bull Shit hook, line & sinker!
I need to calm down. I think I'll go take a nap. Cheers!
Dude, Back in the 80's, Harry Browne nailed it, and bailed on PM not at the top, but pretty damn close. That move, and a couple of books and he was set up for life.
Maverick
Reminds me of a betting pool by a bunch of Seismologists, as to when and where the next Big One will strike.
The guy getting rich, is the guy running the pool.
Can't decide who is worse, Pheonix Capital or this guy.... Both give us weekly doom and gloom scenarios which never seem to play out. And both still get featured on ZH. I wonder if they pay ZH?
I once had a broker admit to me (after a nice meal and many drinks and laughs):
This is mostly a Sales-based business, and not unlike matching a buyer to the right car. You just have to figure out of the Prospect is an Optimist or Pessimist. If and Optimist, sellm him/her into the Bull market. If a Pessimist, sell them into the Bear market. As long as get their business, and occasionally adjust their portfolio -- to generate more fees for all -- you make money. You just need to hold their hand as needed, and support their Affirmation Bias (their worldview).
For all pretenses to the contrary, people here are no different than the 'Prospects' that this broker talked about. For if they were (different), they'd be rich, happy as clams, and not hanging out on ZH. That's a fact, Jack.
https://www.youtube.com/watch?v=RfdTEc8V48o
Kirk,
See my response to you above.
Thanks
Here we go again... DOOM porn.
THis BS is getting so old.
Absolute nonsense
"Other “watchmen” that I highly respect have made the exact same observation."
The strategy can be summarized as thus: If you close your eyes then no one can see you. The next time you are on a train track and you hear the train, try it. It works. You will become invisible.
"85.3 percent of all likely voters in the United States believe that our country is going in the wrong direction…"
This is odd! Since America no longer has any media. All we do have are corporate owned media outlets selling Government approved good news. Economy recovered. Housing in a second boom. Markets soaring. Jobs at near full employment. Lots and lots of good news.
Could it be that all the corporate media lies are failing to hold the viewers minds in their death grip any longer?
I notice reading the comments sections of British newspapers on line, that although all UK papers are pro USA and Pro UK Government, the people who comment are angry as hell at what they think are media lies.
Maybe, just maybe, the media of the west now lies so much, so often, and so egregiously that people no longer accept media and truthful.
dont forget: car sales are going thru the roof!
The CONVICTS are running the PRISON!
FUBAR ALERT!
Hey I don't give a Shit... it was a catchy Title .........
It is one thing to warn about a coming storm. It is another to know what to do after it passes ..
https://app.box.com/s/hfgvcqg7gqh7i27at6sv53ywu87lwarp (Read Me First)
There are some that saw this coming 35 years ago. They planned accordingly. Of the six man task force, only one remains alive today. He has been working 18 hour days of late to complete the task ..
My prediction is that a major hurricane will hit the east coast of the USA next year...causing major destruction...the east coast has been forewarned...for $250 dollars you can get my latest prediction of when and where..if you love your family..won't you pay $250 to protect them... 1000 copies were originally printed.. but only 10 are left...
What a generous guy you are...all I have to do is give you money and you'll save me. Where did you learn your craft from, bank?
Martin Shkreli's new gig.
Watch consumer credit defaults. This will the. Trickle to commercial defaults. When I worked at GE finance it was an excellent indicator. Once people can't afford credit, 90-120 days later neither can the companies in general.
We are awash in debt but having said that if my debt was converted into a GDP figure then I am running at about 250% but am not under too much strain.
I must say I have noticed a distinct change in consumer spending the last 60 days and I have watched as competitions stumped for money have started lowering the price of their goods rather than inflating them.
Things are backwards right now
Such a pretty graph, glad I sometimes have time & insist in reading older articles, love candy a infoholic! It had to come, they said in are generation, heck only 7 years after it all starts, if it didn't already. Only he knows.
Snyder...the blind squirrel waiting to finally stumble upon a nut.
I do believe the Economist's prophetic arrow dates are near.
These ain’t exactly happy days https://youtu.be/u6zl5x8r9Bs now this whole shitstorm shebang is about to implode on us exponentially …